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SOL Global Investments Corp. (SOLCF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.3426+0.0108 (+3.27%)
As of 01:22PM EDT. Market open.

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  • B
    Bobby GT
    When does SOL start buying back shares, $.25 and no interest, but at $3.00 they loaded up. Where's Andy, is he with Waldo?
  • a
    alwaysbmikki
    Close this content, you can also use the Escape key at anytime
    CNW Group
    SOL GLOBAL ISSUES SHARES TO REDUCE INDEBTEDNESS

    SOL GLOBAL ISSUES SHARES TO REDUCE INDEBTEDNESS
    Tue, September 20, 2022 at 10:05 PM
    In this article:

    SOLCF
    -12.39%

    TORONTO, Sept. 20, 2022 /CNW/ - SOL Global Investments Corp. (the "Company" or "SOL Global") (CSE: SOL) (OTCQ SOLCF) (Frankfurt: 9SB) announces that on Tuesday, September 20, 2022, it issued 4,788,852 common shares (the "Settlement Shares") of SOL Global ("Common Shares") at a deemed issue price equal to the volume weighted average price of the Common Shares on the Canadian Securities Exchange (the "CSE") for the 15-trading day period ending September 19, 2022, being $0.38 per Common Share, to reduce an aggregate of $1,819,763.76 in indebtedness of the Company (the "Share Settlement").

    The Settlement Shares issued in the Share Settlement reduced debt to the Company's former CEO, Andrew DeFrancesco, in accordance with the terms of a settlement agreement dated April 25, 2022 (the "Settlement Agreement") and previously announced on April 25, 2022. Pursuant to the Settlement Agreement, the former CEO became entitled to a bonus payment of $1,819,763.76 (the "Bonus Payment"), among other amounts owing to him under the Settlement Agreement, which Mr. DeFrancesco has agreed to convert to Common Shares registered as directed by Mr. DeFrancesco. The Share Settlement will allow the Company's available cash to be utilized for further debt reduction, working capital and for the purpose of building the Company's existing asset base.

    As previously announced, the former CEO had agreed, at the time his employment with the Company ended, to receive less compensation than he would have otherwise been entitled to be paid pursuant to the terms of his employment agreement. The payments due under the Settlement Agreement will be paid over a period of six years. The Bonus Payment constitutes some, but not all, of the amount due to the former CEO pursuant to the Settlement Agreement, and all future payments will be made in accordance to the terms of the Settlement Agreement. The Settlement Agreement allows Mr. DeFrancesco to convert part of the consideration due to him under the Settlement Agreement to Common Shares at a price no less than the 15-day volume weighted average price of the Common Shares, subject to the minimum discounted price of the shares or such other policies of the CSE which may be applicable, provided that Mr. DeFrancesco may not convert any amount under the Settlement Agreement that will result in him controlling at any time, individually or in concert with any other person, more than 19.99% of the Company's securities on a partially diluted basis.

    About SOL Global Investments Corp.

    SOL Global is a diversified investment and private equity holding company engaged in the small and mid-cap sectors. SOL Global's investment partnerships range from minority positions to large strategic holdings with active advisory mandates. The Company's seven primary business segments include Retail, Agriculture, QSR & Hospitality, Media Technology & Gaming, and New Age Wellness.

    The Company's head office is located at 100 King Street West, Suite 5600, Toronto, Ontario, M5X 1C9
    https://finance.yahoo.com/news/sol-global-issues-shares-reduce-030500558.html
  • B
    Bobby GT
    House of Lithium update? How big is Andy's house update? How big is Andy's bank account update? What are SOL's future plans update? Who is staying at the Florida properties owned by SOL update? Why did the company buy back shares at $3.00 update? Why the company's not buying back shares at the giveaway price of $.25 when they were such a steal at $3.00. How about some kind of update from our new CEO as to what the hell is going on?
  • a
    alwaysbmikki
    Such a nice float 40M.
  • B
    Bobby GT
    Remember SOL bought back stock at $3.00 a share because they were undervalued, keep the faith!
  • S
    S2H
    Andy took all your money Bobby and he invested it in the PRIVATE company green century holdings aka sunburn cannabis
  • B
    Bobby GT
    $160 bucks' worth of shares sold today, management and Andy should be proud of their achievements! Congrats to SOL and their management team!!
  • B
    Bobby GT
    Jimbo just confirmed he's loading the boat with SOL shares, go Jimbo! What's the news, I'll keep it on the lowdown!
  • B
    Bobby GT
    SOL management proud of their achievements and share price! Go SOL, news coming soon, let's go!
  • C
    CEO of Robinhood
    Great buy
  • B
    Bobby GT
    New CEO has turned the ship!!!! Into a submarine and diving!! Bring back Andy, someone go to Miami Beach and look for a guy under an umbrella, boozing it up with a large $100 dollar bill beach towel, that could be Andy! SOL needs some leadership and soon. SOL buys back shares a $3.00 but no interest in buying at $.25 to $.30 cent range what gives, shareholders need answers and soon. So, you're saying that our shares are selling for 10% of our NAV and no one wants them?
  • a
    alwaysbmikki
    Hold on to your hats!
  • B
    Bobby GT
    SOL traded 100 shares today, the management team should be very proud of their achievements. SOL seems to be doing very well at acquiring new shareholders. Andy looks great with his suntan and new Bugatti.
  • S
    S2H
    sheet outa luck perfect name
  • C
    CEO of Robinhood
    Amazing opportunity to buy … this stock is 10% of its NAV. Crazy how no one wants to keep buying it!!! I personally took out 2 line of credits and leveraged against my blockbuster stock holdings to buy this dip!!!
  • B
    Bobby GT
    Please do not bother the staff at SOL, they're hard at work.
  • B
    Bobby GT
    Does anyone know what color Andy's Bugatti Chiron Super Sport is?
  • B
    Bobby GT
    SOL buys back shares at $3.00, no interest at buying back at $ .27?
  • S
    S2H
    Andy is being sued left and right .enjoy that Ferrari while you can buddy the cuffs are coming .maybe bobby gt or Linda will sneak a file up her arzz to free you 😃
  • S
    S2H
    here's your update your s.o.l what a perfect name