RE:RE:RE:RE:RE:From the management circularLithLover wrote: The 8:1 was planned for the Nasdaq but I think they got talked into by the institutional investors and analysts looking to move the share price over $1 to encourage buying.
As it turned out we still don't have the exposure to the US market as Jack Lifton just mentioned in the interview with Tripp.
Had they moved to a US exchange first , increased marketing and partnered with the investors/analysts and than the 8:1 r/s might be a differnt story but thats in the past.
They need to:
1) Increase Marketing.
2) list on a OTC US exchange and gain more exposure to help move the SP to $2 or more
3) Once over $2 do the r/s and move to Nasdaq
Mermer2328 wrote:
Its all fine and dandy and I really hope that in the next yr the 2 for 1 splitt will have the SP high enough to trade on the Nazdaq. But this was the same story for doing an 8 to 1 reverse split. so that went from 9 cents to 72.. Where are we now??? All talk. no action. that's what needs to change
As far as uplisting goes.....cut and paste....same reason...only difference is the page #
June 16 2020 ( from MANAGEMENT INFORMATION CIRCULAR ) sedar
(page 14) Background to and Reasons for the Share Consolidation
"Preparation for potential US listing: the Corporation is looking to prepare for a possible future listing on NASDAQ or other senior US stock exchange. The higher anticipated price of the post-consolidation common shares may help make the Corporation eligible for such a listing."
May 28 2021 ( from MANAGEMENT INFORMATION CIRCULAR ) sedar
(page 15) Background to and Reasons for the Share Consolidation
"Preparation for potential US listing: the Corporation is looking to prepare for a possible future listing on NASDAQ or other senior US stock exchange. The higher anticipated price of the post-consolidation common shares may help make the Corporation eligible for such a listing"