Melrose Group Responds to Hank Payments Corp. Misstatement on Share Ownership
Melrose Group Responds to Hank Payments Corp. Misstatement on Share Ownership
Clarification of Ownership Stake and Commitment to Regulatory Compliance
所有權盤點澄清及對監管合規的承諾
NAPLES, FL / ACCESSWIRE / November 6, 2024 / Melrose Ventures, a Florida LLC, along with its Joint Actors, collectively known as "The Melrose Group," wishes to respond to the statement issued by Hank Payments Corp. ("Hank" or the "Company") on November 4, 2024.
佛羅里達州NAPLES / ACCESSWIRE / 2024年11月6日 / Melrose Ventures,一家佛羅里達有限責任公司,連同其聯合行動人,被合稱爲"Melrose Group",希望就漢克支付公司("漢克"或"公司")於2024年11月4日發佈的聲明做出回應。
The Melrose Group stands by its previous announcement and wishes to clarify the regulatory requirements and the basis of our claims regarding our ownership stake in Hank Payments Corp.
Melrose集團堅持先前公告的立場,並希望澄清監管要求以及關於我們在漢克支付公司擁有的股權基礎的主張。
Clarification on Ownership Stake
所有權盤點澄清
We believe there are currently approximately 73,150,000 shares outstanding for Hank Payments Corp. According to the rules and laws governing take-over bids and early warning requirements, the total number of shares outstanding for determining a toehold of 10% is based on the number of shares outstanding on the date of the announcement. As of the close of trading on November 4, 2024, the number of shares outstanding for Hank Payments Corp. (TSX.V:HANK) is indeed 73.15 million. This information is sourced from Yahoo Finance as of the close of trading on November 4, 2024.
我們相信目前漢克支付公司的流通股約爲73,150,000股。根據規定管理收購要約和提前披露要求的規定,用於確定10%起始點的流通股總數基於公告日的流通股總數。截至2024年11月4日交易結束時,漢克支付公司(TSX.V:HANK)的流通股總數確實爲7315萬。此信息來源於2024年11月4日交易結束時的Yahoo Finance。
We believe that the current management of Hank Payments Corp. made a material misstatement by stating in the company's November 4th press release that "the number of issued and outstanding shares of the Company being 132,720,376 as of November 1, 2024." It is our understanding that in order for the 59,570,000 additional shares to have been issued via the Debenture Amendment announced on October 2, 2024, it would be subject to TSX Venture Exchange acceptance of regulatory filings. To our knowledge, the TSX Venture Exchange has not accepted such regulatory filings, and as such, the total number of shares outstanding is currently approximately 73,150,000 shares, on which the Melrose Group's tender offer is based.
我們認爲漢克支付公司當前管理層在公司2024年11月4日新聞發佈中聲明"公司截至2024年11月1日發行和流通的股份量爲132,720,376"存在實質錯誤陳述。據我們了解,爲了59,570,000額外股份能夠通過2024年10月2日宣佈的可轉債修正條款發行,需要經TSX創業公司交易所接受監管文件。據我們所知,TSX創業公司交易所尚未接受這類監管文件,因此,目前的流通股總數約爲73,150,000股,Melrose集團的要約也是基於這一基礎計算的。
Analysis of Misstatement
錯誤聲明分析
Hank Payments Corp. misinterprets the Melrose Group's statement by omitting the critical word "or." The Melrose Group stated: "We are increasing our tender offer to purchase a minimum of 8.5 million shares or the number of shares necessary to bring our stake above 51%." This phrasing clearly indicates that the tender offer is flexible; it allows for the purchase of either a minimum of 8.5 million shares or a sufficient number of shares to exceed a 51% stake, depending on the total shares outstanding.
漢克支付公司誤解了墨洛斯集團的陳述,遺漏了關鍵詞「或」。墨洛斯集團表示:「我們將增加我們的要約收購最少850萬股,或者購買足夠數量的股票,使我們的股份超過51%。」 這種措辭清楚地表明要約收購是靈活的;它允許購買最少850萬股,或足夠多的股票以超過51%的股份,具體取決於總股本的情況。
In contrast, Hank's response claims that the intention to purchase a minimum of 8.5 million shares "does not make any sense" based on their inflated figure of 132,720,376 shares. By neglecting the "or," Hank misrepresents the Melrose Group's position, suggesting a misunderstanding of the tender offer's structure and intent.
相反,漢克的回應聲稱,基於他們誇大的132,720,376股數字,購買最少850萬股的意圖「毫無意義」。通過忽略「或」,漢克歪曲了墨洛斯集團的立場,表明了對要約收購的結構和意圖的誤解。
The Melrose Group's Tender Offer
墨洛斯集團的要約收購
The Melrose Group's tender offer is for a cumulative total of 51% of the shares of Hank Payments Corp. at 9 cents per share, and we are submitting all requisite regulatory documents to effect the tender offer, which can be accessed on SEDAR.
墨洛斯集團的要約收購是以每股9美分的價格向漢克支付公司51%的股份累積總數進行的,並我們正在提供所有必要的監管文件以實施該要約收購,這些文件可以在 SEDAR 上查閱。
Relevant Law
文件是或將是合法、有效、具有約束力並可執行的,並可對所有相關方根據紐約州法律(「Relevant Law」)和所有其他相關法律生效。
The relevant law is found in the Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids, which states: "The total number of shares outstanding for the purposes of determining a toehold of 10% is based on the number of shares outstanding on the date of the announcement of the take-over bid." According to the rules outlined in Form 62-104F1 and Form 62-103F1, the circular and early warning disclosure can be made after the press release. Specifically, Form 62-104F1 allows for the incorporation of information by reference to another document, which can be filed subsequently. Additionally, Form 62-103F1 requires the early warning report to be filed promptly after the acquisition or disposition of securities that triggers the requirement, not necessarily before a press release. Therefore, Hank Payments Corp.'s management misstates the requirements in their response.
相關法律在多邊工具 62-104 控股要約和發行者要約中找到,其中規定:「爲決定 10% 的基礎股權臨時持股數目,持股總數是基於要約收購公告日的持股數目。」 根據 62-104F1 表格和 62-103F1 表格中概述的規則,循環和提前告警披露可以在新聞發佈後進行。具體而言,62-104F1 表格允許引入其他文件的信息,隨後可進行申報。此外,62-103F1 表格要求在觸發要求的證券收購或處置後立即提交提前告警報告,不一定要在新聞發佈之前。因此,漢克支付公司的管理層在回應中錯誤陳述了要求。
Filing of Circular and Press Releases
循環和新聞公告的提交
The Melrose Group will ensure that all necessary documents, including the take-over bid circular and related press releases, are filed with the System for Electronic Document Analysis and Retrieval (SEDAR) at . This will ensure full transparency and compliance with regulatory requirements.
Melrose集團將確保所有必要文件,包括收購要約通函和相關新聞發佈,已經提交給電子文件分析和檢索系統(SEDAR),網址爲。這將確保完全透明並符合監管要求。
Commitment to Due Process
致力於尊重程序
We reiterate our commitment to conducting this take-over bid under the supervision of the Securities and Exchange Commission (SEC) and the Ontario Securities Commission (OSC). We believe in full disclosure to all stakeholders and will continue to pursue this bid in accordance with all applicable rules and regulations.
我們重申我們致力於在證券交易委員會(SEC)和安大略證券委員會(OSC)監督下進行這一收購要約。我們堅信要向所有利益相關方全面披露,將繼續按照所有適用規則和法規推進這一要約。
Melrose is committed to discussing among shareholders and ensuring that all shareholders have equivalent information. We will also engage in a candid discussion regarding the management's lack of performance and the omission of information about the real founders of the company in 2006.
Melrose承諾在股東之間討論,並確保所有股東擁有相同的信息。我們還將就管理層表現不佳以及在2006年公司真正創始人的信息遺漏展開坦誠的討論。
Solicitation of Shareholders
股東征集
The Melrose Group will actively solicit shareholders to join our group of joint actors. Our goal is to seek a change in the board of directors and to move the company towards the creation of value instead of diluting it. We believe that with the right leadership and strategic direction, Hank Payments Corp. can achieve significant growth and enhance shareholder value.
Melrose集團將積極徵求股東加入我們的聯合行動者團體。我們的目標是尋求董事會的變革,並將公司引向創造價值而不是稀釋價值。我們相信通過正確的領導和戰略方向,Hank Payments Corp.能夠實現顯著增長並增加股東價值。
For any questions, please contact Michael Trimarco, Principal of Melrose Ventures & Intelligent Payment Processing, at 516-848-3388.
如有任何問題,請聯繫Melrose Ventures & Intelligent Payment Processing的負責人Michael Trimarco,電話516-848-3388。
SOURCE: Melrose Ventures
消息來源:Melrose Ventures