Re: NEWS: POET Confirms AGM Webcast Presentation and New Special Meeting Date
posted on
Sep 19, 2019 09:42AM
You call-out out very important points.
The deal remains the same except that the payment of funds will be in 2 tranches; Oct 31st and on or before Dec 31st.
Ciritically important is that the deal closes as planned on Oct 31st and the fact that DL costs go to the Buyer from Oct 31st. This means dramatically reduced burn-rate.
Also no further Debenture financing beyond T5 that closes today.
All is good.