TSXV:EVE.H - Post by User
Post by
Buttzzon May 26, 2020 9:42am
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Post# 31072409
Consolidation Ratio Range.....
Consolidation Ratio Range.....I have a thought I would be interested in opinions on. If EVE is to remain a going concern consolidation as part of a raise should be expected and not surprising if they can get it considering Germany contracts have not materilaized to date or other catalysts. What's interesting and stands out for me is the wide range of 2:1 to 10:1 reverse split they are considering. If consolidation is pursued it doesnt make sense to consolidate to anything much lower than a $1 to attract investment interest. At the current share price that would mean converting close to a 10:1. I can't help but get the feeling that EVE is anticipating that shareholders will react positively to news they potentially have coming out over the next few weeks including their next results. The sector is heating up a bit. If the stock price creeps up to 20 cents between now and AGM they'll likely do a 5:1. If it goes to 33 cents it will be about 3:1. That satisfies their range of 2:1 to 10:1 that they are advisig shareholders on. All I'm saying is it is strange that he range is so wide with only a month to execute after the vote. They know what their after cosolidation share price target is. I say about a $1 is their end game.