There's 42.5% of 3,734 current shareholders who would qualify for the UMP (based on $500 limit and $ 0.98 UMP sale price & a holding < 5,103 shares).
So a bit of damage was done to past shareholders of RE1/IBN/DVI before becoming TI1.
Hopefully the UMP sale price and the lid that has been kept on the SP in recent times, provides a floor to the SP and maybe an explanation to the last months trading.
Hopefully, good times ahead for the patient, once we get over this hump.
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