Trading Restriction: The Investor agrees to not trade more than $25,000 worth of EVR shares or more than 20% of the relevant days’ volume (whichever is higher), in a single day. Wherethe number of shares has been specified in the Placement Request, then the Investor agrees not to sell in excess of 3m shares or 20% of the daily trading volume (whichever is greater) during the Calculation Period
I interpret this as meaning they can artificially increase their Trading Restriction by selling more shares incrementally each day. In my experience these agreements are always structured to favour the investor (just like the toxic convertible note deals which commonly feature in past financing deals with the New York vulture funds).
EVR Price at posting:
2.3¢ Sentiment: Sell Disclosure: Not Held
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