TSXV:RBI.H - Post by User
Comment by
ShellsRFun69on May 25, 2018 12:43pm
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Post# 28081356
RE:RE:RE:RE:RE:RE:RE:RE:RE:Consolidation
RE:RE:RE:RE:RE:RE:RE:RE:RE:Consolidation... that’s kind of what I am getting at. If a deal is not imminent, then wait until June 4 to approve the resolutions including the new articles which allow management to consolidate going forward without seeking shareholder approval and move on. Exchange approval for a consolidation would pretty much be a rubber stamp. I can’t think of a reason the exchange wouldn’t approve a rollback. There would be absolutely no reason for this special proxy vote unless a deal was imminent the way I interpret things.
The idea of putting out a proxy vote to allow up to 25:1 consolidation in my humblenopinion is a scare tactic to spook minority shareholders into selling and/or that a deal is imminent and that management needs the proxy to consolidate in place before the meeting?
As always, do your own due diligence and definitely do not listen to me. I am a novice investor.
ShellsRFun69