Bombardier Inc. T.BBD.A

Alternate Symbol(s): T.BBD.B | T.BBD.PR.B | T.BBD.PR.C | BOMBF | T.BBD.PR.D | BDRPF | BDRXF | BDRAF | BDRBF

Industrials Aerospace & Defense

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.

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Bombardier Inc. > Share consolidation is not a certainty

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Comment by flamingogoldon Mar 25, 2022 6:24pm

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Post# 34547201

RE:Share consolidation is not a certainty

I wonder if this is why we didn't fully recover along with the market since the last selloff. Despite insider trading rules, I believe it still occurs and some may have known an announcement was in the works.

Anything is possible. The market does weird things and I have seen some stocks pop after an announcement like this. After all it is not official yet and may never even occur.

NoNameAtAll wrote: I noticed in reading the press release that the resolution will give the board authority to effect the share consolidation.

I'm wondering if this will have an effect on the naked shorting that has been an issue for this stock. If the resolution passes, until declared by the board, the board will have authority to effect the consolidation at any time for up to a year. So, nobody will know when or if it will happen until announced by the board.

This is not the first time this has happened. Immediately after the first time BBD share price went below $1 a shareholders resolution was passed allowing the board to trigger a consolidation at any point in the next year. The board did not trigger it, but the price of the shares went back up considerably. That was when the shares took a run up to over $5 and the company was much more of a basket case then compared to now.

When I think about the shorting rules, as I know the, the big guys need to have a legitimate expectation that they can borrow shares in order to cover their short. Well, if there is a consolidation, everyone will need to pass in their shares in exchange for the consolidated shares. I think that will mean all shorts will need to make sure their shorts are covered through the consolidation.

Perhaps that caused more cautious actions the last time BBD did this and perhaps it will happen again. For those that have been around for a few years know that while BBD shareholders approved the consolidation last time, they didn't pull the trigger and do it. I wonder if that will happen again this time.

Would like to know if anyone else has given this any thought.