not so much an extension IMO as a consummation i.e. of the previous subscription agreement.
That agreement would have mapped out the sequence of events required to be put in place by the company prior to Dr George' entities having an enforceable obligation to fund the corporation i.e. enforceable by MSB.
The consideration to be paid by MSB i.e. the subscription fee issue of the 2m share warrants, has now happened & corporate filings required for that purpose have been put in place, including a prospectus. Acceptance of the consideration warrants would, as I see it, be not only the completion of all conditions precedent on the corporation's part but also the recogntion and acceptance of that (or waiver of it as a condition) on the part of Dr George' entities.
Hence, a 'consummation', as I see it. I haven't seen the actual docs, but the right to exercise and rely on the facility now properly belongs on the auditable books of MSB as a right to funding now execisable by MSB in MSBs sole discretion, IMO.
All good. Not advice. DYOR etc
Cheers all
MSB Price at posting:
$1.52 Sentiment: Buy Disclosure: Held
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