Post by
Ghost777 on May 26, 2020 11:59am
The reply I received, Thanks for the obvious
Hello. 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
Comment by
Rotaris on May 26, 2020 12:08pm
This is the political way of saying we are going to split 100% chance, God knows I have been through a few in my time. Never seen one that turned out good on my end lol