TSXV:POI.H - Post by User
Comment by
Leafs4Lifeon Nov 29, 2016 1:38pm
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Post# 25528583
RE:RE:RE:RE:RE:RE:RE:News on Sedar
RE:RE:RE:RE:RE:RE:RE:News on SedarIF? Of course they'll roll back the shares. They've already told you the company is worthless.
People buy tax losses at PENNIES on the dollar. Plus, this turd will be trading at half a cent soon. The reason they need to get onto the NEX is because you can't roll back a stock on the TSX.V under 5 cents (without special dispensation).
Cameron Chell pumping an augmented reality company with a 50 million tax loss on the NEX (where you don't have to report) is almost too poetic.
They get 2.8 mill and the buyer is assuming 329k of the debt but it says in the release that slyce has current liabilities of 3.4 million. Subtract the 329k and they still owe 3 million. The 2.8 doesn't even cover their debts.
There is nothing for the shareholders in here. Nothing. That's why Chell sold 4 million shares two weeks ago at 2.2 cents. If this deal happened in the USA that trade would be investigated for sure.