TSXV:EVE.H - Post by User
Post by
Ghost777on May 26, 2020 11:59am
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Post# 31073344
The reply I received, Thanks for the obvious
The reply I received, Thanks for the obviousHello. Thank you for your inquiry.
The Eve & Co Incorporated annual and special meeting is being held on June 25, 2020. One of the items on the agenda for approval is to authorize the corporation to file articles of amending to give effect to a share consolidation, only if and when determined by the board of directors.
A share consolidation is sometimes as a reverse stock split and reduces the total number of issued and outstanding shares while increasing the per share value for each shareholder proportionately. As a shareholder, you will hold a fewer number of shares but each share is worth proportionally more. The aggregate value of your shares does not change or the market capitalization of the company.
If the share consolidation is approved by the shareholders, it does not mean that it will be given effect immediately, but gives the board of directors the authority to do so as it determines.
I hope this hopes with understanding the direction of the company.
The Eve Team