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Ann: SKN announces $10.5m Options Underwriting Agreement, page-122

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  1. 13,667 Posts.
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    it means exactly how it’s written. The underwriter won’t give them any funds until the 31st of December 2020. The company will advise the underwriter how many options weren’t converted and the underwriter has agreed to take them and will make payment after the options have lapsed. Hence why I said management will want option holders to exercise early to generate money in the bank as they would have a million dollars at this stage. There is Just over 36 million options to be converted at 3 cents so they could see this money early. Another million. 2 million in the bank won’t be enough from now till December 31. All the best. That’s the last post from me on here.
 
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