RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:There's only one news release the market wants
the company I was talking about earlier but didn't name is New Wave or spor is the ticker it is different to what is going on here. New Wave had about 120 million shares a little less. It acquired as a wholly owned subsidiary Way of Will Inc and was trying to increase its online sales. New Wave was is looking to make accretive value from Way of Will. I don't know exactly what was exchanged to get them as I did not and still have not paid attention to what was stated in the quarterlies. Way of Will historically has 38 and 40 percent gross profit margins. New Wave is also working with a company in the UK Bloom Botanical which does cbd stuff as to my knowledge and to date there hasn't been any mention of it being wholly acquired but perhaps that may be the company's play I don't know. They haven't talked much about Bloom and have instead focused on Way of Will which is having the good position of selling out products on Amazon and having to replenish its stock so there will need to be massive ramp up in getting product out which will need more monies. So instead of low value raises and super dilution at .10 .11 where the stock was trading pre 20 to 1 consolidation it consolidated the shares. I didn't know this was going on and didn't bother reading the Canadian Exchange site the way I should have and it was not press released on Stockhouse as early or on my platform so my stupidity. The stock went from .055 to .115 and collapsed to .05 and post consolidation is worth about .03 my average .115 or calculated by my platform post consolidation $2.285 so I am less than thrilled to see .60 ish right now. But I do strongly believe longer term the shares will strengthen and people will likely trade Way of will shares pushing those prices up. So the spinoff here is not the same thing at all as Way of Will is owned by New Wave whereas Daymak is not and from what I will say will not be owned by ACDC and I don't believe ACDC will be either however both can co-own Ionix ACDC already owns it subsidiary and if Daymak wants to have the 20 cent offering if I they can at 10,000,000 shares and ACDC can own 360 000 shares of Daymak at $5.56 again a good faith offering as partners. I don't think those 360,000 Daymak shares will be divided to us just my feeling I will be surprised and I am not very optimistic we will have .20 offerings to ionix unless what the company does is build into compensation if it opts to consolidate shares but it doesn't have to I don't believe anymore than New Wave unless it was structured that way. I don't know. It will be interesting to see where things go from here getting a little confusing thats for sure bit as long as I make monies it is all good and of course everything is legally cool with the regulators.