RE: BMR Annual/Ordinary General Meetings2 Aug 2019 14:47
From resolution 2 ...
"the Directors be generally and unconditionally authorised to allot, or grant rights to subscribe for, or to convert any security into, shares in the company, up to an aggregated nominal amount of £1.5 million…."
"to convert any security".... could this possibly mean that he can (if he wanted to) sell the Royalty as its a security...
Taken from the LOI of the Chile adventure.... "BMR to deliver 19.9% of its issued share capital to Revelo on completion of BMR's Listing and Placement, with a minimum placement amount of US$1.5 million."
There is feck all chance of him raising $1.5 million... so where else is he going to get the money from ..... i have a VERY bad feeling about this. The Royalty is doomed.. whats it even worth yet??