Re: What's the deal?
in response to
by
posted on
Nov 29, 2020 03:51PM
10BagR, I believe Don spelled out what will potentially take place going forward if we ignore Option #2 and #3. That leaves the more detailed Option #1.
I am paying attention to "M&A right of first refusal option".
To play it fair with our largest shareholder, Shenzhen Hepalink, I can see an "M&A right of first refusal option" play out between HL and a third-party equity BP partner. The third-party BP partner will provide the necessary funds for business operations and BOM2.
This contractual right, also known as ROFR, gives an individual or an entity the option to participate in a business transaction before that opportunity is offered to a third party. Unlike a right of first offer (ROFO) or a right of first negotiation (ROFN), a ROFR requires a seller to actually offer the exact deal requested by an interested third party buyer to the holder of the ROFR – a very powerful option to have in M&A scenarios." (bolding added)
Shenzhen Hepalink will be given the option to participate.
IMO ... Koo