Re: It's a Mystery
in response to
by
posted on
Apr 21, 2017 10:34PM
Its definitely a riddle wrapped up in a puzzle.
We don't know who bought the shares, nothing aside from the purchasor apparently residing the the US. The interesting point is this Lloyd McLellan of BLG who is named as the contact for any regulator questions. It seems obvious to me, (I think its obvious but I guess I could be wrong) that Mr. McLellan is working for Resverlogix. The fact that his bio page on the law firms website says that he works primarily in the areas of: corporate finance, M&A and securities law compliance has my wheels spinning of course.
I think most of us would be intrigued by that 2nd balliwick of mergers and acquisitions.
But the most curious aspect is, as SFran notes....the piddly dollar amount, $300K. For a company with a burn rate of around $3 million a month, $300K is peanuts.
If this Lloyd McLellan is involved in brokering or negotiating a M&A type deal.....which I is something I'm certainly hopeful of, then what is a measley little $300 grand going to do? In a month with thirty days our approximate burn rate is $100K per day including weekends....so this is 3 days of working capital essentially. WTFrick good is that?
Much ado about nothing? Could be I guess....but I think not.
Would love to read the thoughts of others on this.