Member Info for RollinHand

I would have thought not as it still has to be voted on at the GM on 27 November (not this particular buy-back but share buy-backs in general). I don't think it can be the date of agreement as the change to be "..up to $65,000" where as the previous RNS stated they would pay $65,000+ so the date hasn't been stated.

It seems academic now as Blacksheep has said that Nick confirmed no surplus paid to Diversion.

In effect we have an "exchange" of the "950,000 shares in full" for the debt with any shortfall being paid by Diversion.

Thanks for clarifying Blacksheep. So at worst Zoetic will receive no payment from Diversion.

If the SP reaches 20p by 27 November then the calculation looks like this: $125,548-(950,000*0.2*1.25) --> -$111,952 - Zoetic would pay Diversion £111,952

If the SP reaches 25p by 27 November then $125,548-(950,000*.25*1.25) --> -$171,327 - Zoetic would pay Diversion $171,327

If the SP reaches 30p by 27 November then $125,548-(950,000*.3*1.25) --> -$230,702 - Zoetic would pay Diversion $230,702

Understanding the shareholders who have arrived only at the Zoetic era of the Company rather than from the HNR era they may not really care or be bothered about this.

However, It really sticks in my craw that after the money pumped into DTU (the Diversion technology) and the losses made by HNR over it that we as Zoetic could end up as an unintended consequence paying Diversion to buy-back those shares.

I would appreciate someone else running their eyes over the RNSs and see if my interpretation is correct.

For those that will come away with I'm just de-ramping... I certainly am not! We shouldn't end up as a consequence of a rising SP from here be paying Diversion any money!

A clarification from the Company would also be appreciated.

Having read today's RNS. An open question to everyone, are there any unintended consequences of the agreement?

When the agreement was reached with Diversion over the 950,000 share buy-back and announced on 4 October the closing ZOE SP on that day was around 4p. At the time the Diversion debt was $125,548. The 950,000 would have realised £38,000 or $47,500 (I've used £1<->$1.25 rate). Thus with Diversion agreeing to pay $65,000 that would have left a 'wash-up' payment due from Diversion of around $125,548-$65,000(payment)-$47,500(share buy-back) -->$13,048.
Total Diversion to Zoetic payment would be $78,048

I'm sure the $65,000 figure was based on the issue price of the shares originally being around 5p. If this figure had been used then it would be 950,000@5px1.25 = $59,375. Then the wash-up balance would be $125,548-65,000-59,375 --> $1,173
Total Diversion to Zoetic payment would be $66,173

Today's RNS states: "...has agreed to purchase the Buy-back Shares from Diversion at a price per Ordinary Share deemed to be equal to the closing mid-market price on the business day immediately preceding the date of purchase."

Nether the 4 October RNS or today's RNS gives a date of purchase (date of buy-back) that may or not be the same day as the GM (27 November) which would infer the closing mid-market price of the 26 November.

Okay so what am I leading up to...

As it stands today our closing SP is 10.975p call it 11p. If the buy-back was taken at today's sp then the 950,000 shares would have a value of 950,000@11p*1.25 = $130,625. The balance owed by Diversion would then be $125,548-130,625 --> -$5,077 which would mean Zoetic paying Diversion $5,077

The 4 October RNS states: "In light of the Company' decision to exit its natural resources business, Diversion has agreed to sell back to the Company the 950,000 ordinary shares that it owns in Zoetic International and pay US$65,000 in cash by way of part satisfaction of the debt."

Today's RNS states: "Such amount will be deducted from the balance of debt owed and not paid to Diversion. In addition, Diversion has agreed to pay to Zoetic International up to US$65,000 in cash in satisfaction of the debt owed by Diversion to Zoetic International."

The difference being as at today Diversion will pay "..up to $65,000". So it is clear the higher the SP the less Diversion will have to pay Zoetic, and if it was today then the debt would be cleared with a surplus - will the surplus be paid to Diversion?

Today's RNS states: "Following the share purchase and the cash payment by Diversion, the outstanding debt will be deemed to have been repaid in full." There is no mention if the share buy-back exceeds the debt whether Zoetic will pay the difference to Diversion.

The OTC listing/trading is coming very soon, what will be the SP by 27 November?

Obviously we all want the SP to be much greater then now, will that work to our disadvantage with the Diversion buy-back?

//continued next

I know I should do this being an non-holder and all that, having sold out etc etc [that's for the egotists on board]

The OTCMarket profile has been updated today with the OTCQB Certification... & inclusive of the Annual Report

https://www.otcmarkets.com/stock/HGHRF/disclosure

OTCQB Certification --> https://backend.otcmarkets.com/otcapi/company/financial-report/233531/content

To help everyone with over inflated egos I'll switch from alleged de-ramping to only putting positive statements and discussion from now on, then they won't moan like little children.

So let's start with the sale of WD..

For those who have been holding for less than 10 seconds WD is West Denver.. I'm sure some folk didn't even know we had anything in West Denver.

So what are the leases that RP took out in WD worth on a sale?

Admittedly the applications to drill in excess of 100 wells on the WD leases weren't quite up to scratch with the local community and had to be withdrawn before they got to the COGCC panel. They must be worth something. Oh and yes I was involved in the discussions on here over a year ago on WD, however for the 'over-inflated egos' obviously I couldn't have been as I'm a non-holder - in fact I've never held a share in my life. That is of course why I would search out stuff on COGCC and post links of production etc for ED. Why I really bothered being a non-holder I don't know. Don't worry though I won't post them anymore..

Personally as RP made such a failure with WD I'd like to see him buying those leases for at least the money that HNR (yes that was the old Company name pre Zoetic) invested. The consultants involved in drawing up all the land layouts, drill pads etc calculations and the lawyer fees to have all those lodged must have cost quite a bit.

I hope everyone would agree that it would only be right and proper for RP to take them off the Company's hands for a Full reimbursement of those costs.

Any sensible views on whether RP should take the WD leases and how much he should pay for them?

more pertinently ask what's happening about Texas...

https://leafyquick.com/

https://leafyquick.com/collections/chill

https://leafyquick.com/collections/zoetic-organics

Here is the exact Ox tweet....

https://twitter.com/OxDistributing/status/1151228028162334720

MrNation:

"Ok Rollin serious question, given the rise over the last few weeks and the clear message delivered by Nick. What do you think the financials will look like short , medium & long term?"

To answer your question of earlier, the financials will look better short term, a bit better than that medium term and much better long term. Of course it all depends on what each persons definition of short, medium and long term.

There are of course too many unknowns at this time to put any realistic figures into these arbitrary divisions.

For example are Leafyquick selling any Chill through their web? as there doesn't appear to be any except the now discontinued vape cartridge which I presume will disappear once out of stock. I remember some photos of Chill products in a Leafyquick physical shop, so if they are selling the smokes etc then why are they woefully slow at updating the products on their web outlet. Remember Leafyquick were heralded for 'same day delivery' i.e. you can order online and have product the same day. Can anyone do that with the Chill smokes or chew pouches if they are not even on their web?

Another question may be; what's happening with Ox distribution? I remember way back around 16 July period a tweet on their twitter with a photo of Chill beside an Austin Texas sign an "Stay Tuned!" - at the end of next week that will be some 4 months ago and nothing more mentioned from Ox. Why no more info from them?

That's just a couple of the "unknowns" so any valuation must just be finger-in-the-air...

I would really like to hear your views on these two examples....

Thanks, I don't either. He seemed to do pretty well in the last one. I would be rather disappointed if he did run, not for him personally, but as you say there wouldn't be the time to devote enough energies to both. Zoetic will take time to rebase, consolidate and then grow and I see Nick as an energetic and driven person to reach the goals that I'm sure shareholders will want the Company to attain.

I directed the question to you as you seem more amenable to engage in discussion that MrNation who avoids, detracts and deflects.

Shuff:

Another question, do you think Nick will stand again in the upcoming general election?

Thanks for your well thought out and informed answer. I think I'd agree with you wholeheartedly there, the SP will be higher than it is today at what level I don't know.
I'm holding for dividends though, something that traders are not really interested in as they tend to shuffle around onto the 'next' share.

Thanks for your question. Taking things chronologically, I'll give my opinion on that once I've had answers to the questions I posed last night - dividends? Zoetic US? etc etc

You can throw as many insults as you want, I won't rise to the bait so you'll be wasting your time

Shuff - Just to clarify - I'm not interested in your opinion of me personally. I won't though come down to your level.

I will however have reasoned discussion about the Company - seems neither yourself or Mr Nation want too though....

Certainly not a de-ramper.

You have asked to discuss Zoe - that's what I'm attempting to do. You asked about OTC listing - I answered and gave my opinion and view. You, though, have answered none of the questions I have posed - I fact you deliberately avoid and detract onto something else.

Wondered if you are JJAL on here - he did the same - avoid and reasoned discussion.

So what say you about the future and dividends?

That's just it though.... you're not discussing anything about the Company - you're just spamming...

What about the dividend question? don't you have any opinion/figures on that?

RKB came up with very reasoned posts before on what dividend and what could have been done - I'm looking to see if you or your twitter group can come with anything sensible or maybe you don't intend holding that long..

I don't divulge financial info on a public bb. Only a 'twat' would do that - seems you are closely working with MrNation - just as well I avoid all these twitter groups.

It's none of your business how many I hold and for how long I've held them. I'd have a confident guess though I'm closer to a TR1 than you'll ever be.

For your information - I haven't sold out - I'm not a trader here, so I'm not 'looking to get back in'

You should grow up and stop putting yourself into the 'twat' category