You have to wait forever. Until the offer is seriously considered there is nothing. Do not worry about the details of something that does not exist. The terms will inevitably change if negotiations proceed. You are wasting your time working the numbers right now. A company that does not exist and does not yet trade is offering shares. You are wasting valuable brain power.
first of all the $1.1 + royalties (or Bonus) will not be paid to any shareholder until the end of 5 years.
Now , regarding the quarterly payments ( 4ooK cash + 3,450,000 shares) shareholders will get $400,000 every quarter guaranteed. Now for the $ 3,350,000 worth of Hail shares are only available to shareholder IF Hail share price trades at or above 8 Euros !! otherwise this shall be payable at an accumulative value at the end of 5 years
I am not that excited about this revised offer , since it is now a marriage proposal - stuck with Hail through ups and downs of trading on Frankfurt Borse for the next 5 years (and anything can happen during this time : good or bad stuff).
I think Spencer should ask Hail for another revision of this offer with a immediate cash payout percentage (50-70 %). Or wait for another deal... !! :)
"I think Spencer should ask Hail for another revision of this offer with a immediate cash payout percentage (50-70 %). Or wait for another deal... !!"
SPPH is literally worthless, and monther the insider is trying to signal that there is a possibility that they will refuse the offer (coming from their own Canadian spin-off, HFP!) as an excuse to wriggle out of the whole soryy scam.
The good news is that SEC are all over this one as we speak.