Electric Metals Inc ECCMF

Well, we won't be trading for a while...

[umsurewhynot]

PR states shares will remain halted until the Venture Exchange has approved the amalgamation, which i think might take some time, perhaps all the way to December when the deal is expected to close.

I own several hundred thousand shares, luckily i bought most in the past 6 months, so my cost base is below $0.05.

I'm hoping after the share exchange, that we, as EMI shareholders, end up profiting---so long as the share price is better than today's $0.035 after effecting the share exchange and the new stock Amalco, i won't complain.

Amalco has $15M in revenue for the first six months of their latest fiscal year--hopefully that is enough for our shares to be worth considerably more once the reverse takeover is complete.

[GMon]

This can't hurt, and could be good for all, as the resource markets are still tough.    Gmon

[Iseneschal]

umsurewhynot, Good thing you have a sizeable position because, if all goes ahead and I'm interpreting the news correctly, your EMI share holdings are about to get a 10 for 1 haircut. Correct me if I'm wrong but that's the way I see it. Don't get me wrong, this RTO has the makings to become profitable because of the new directors past history and their present connections. Not much

[umsurewhynot]

yes it's a 10 for 1 share consolidation, that's the nature of an RTO.  to me, it doesn't matter if it were 100 to 1, the main thing is to see what the new stock trades at when it opens in a few months;  Alamo is the new company, and hopefully it's trading north of $0.35 to be a wash versus EMI at $0.035 as of friday's halt. but like you say, i also noticed the new

[Iseneschal]

Ok ...fingers are crossed. I'm sure you're aware that the name of the company will be Moimstone Corp. and that Amalco (not Alamo) is an acronym ...short for Amalgamated Company. Regards, Iseneschal