Re: Shenzhen Hepalink-Warrants Expiration
in response to
by
posted on
Feb 05, 2022 10:17AM
If accumulation by HL was part of their strategy to get to the majority, they have done the math and realized that is not the best route to take. Exercising all warrants and converting the US$6MM debenture to common shares only gets them to a 40% + ownership. And with ORI joining in with their 16.1 MM shares that gives them ~47% ownership. So winning the IPs by Resverlogix defaulting on the repaying of the debt, I don't believe that as being part of their strategy because they know several big players won't let that come to pass. I guess we'll have to wait to find out.
A successful Open-Label COVID-19 trial will hopefully smooth everything over.
Koo