TSXV:EVE.H - Post by User
Comment by
reallyBobbyZon Dec 04, 2020 9:13am
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Post# 32035793
RE:RE:EVE...is it time for a 10 to 1 REVERSE SPLIT?
RE:RE:EVE...is it time for a 10 to 1 REVERSE SPLIT? RBC is a big factor but, RBC would classify the $7,920,000 as a "shareholder equity injection" which would clean up/improve EVE's
risk to them...a pretty good de-risking move.
RBC would probably keep the exising $18,700,000 million loan in place but ya never know.
RBC won't want to "seize" EVE property/holdings/equipment unless they are really upset...but who knows? RBC would have a tough time finding appropriate "contractor" to oversee the greenhouse until various steps are taken to get its $$$ back....could take 6 months to a year. BobbIeheadbob wrote: Yup, you're bang on or close with those numbers . Financing would be difficult cause of the RBC loan because RBC is a secured creditor so the offer for financing would have to be sweet. .25 or .025 financing would be the high end I figure because they would be taking into consideration of having to pay off RBC if still couldn't sustain their operations and make payments
reallyBobbyZ wrote: EVE, maybe a 10 to 1 REVERSE Split at 5.5 cents is a good move?
That would shrink the current 288,000,000 shares to 28,800,000 and share price would be 55 cents.
Mel R would have about 5,600,000 instead of 56,000,000...same reduction as all the other shareholders...BUT, they would be worth
55 cents = $3,080,000. Mel R should be ok with that much...because that's the same value her shares are worth today.
Then, create 28,800,001 new shares you can sell to a SAVIOUR with DEEP POCKETS. Yes, creating those new shares will cause the share price to drop by 50% to 27.5 cents each and the SAVIOUR would have CONTROL but that would get EVE a fresh $7,920,000 to pay off that $6,000,000 in payables and have almost $2,000,000 left over.
Yes, Mel R's shares would drop to 27.5 cents each just like the rest of the shareholders...but she would still have $1,540,000 in EVE stock; still a millionaire!
EVE needs fresh $$$, why not?