TSXV:RBI.H - Post by User
Comment by
BigPop18on May 26, 2018 11:19am
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
85 Views
Post# 28084294
RE:RE:RE:RTO
RE:RE:RE:RTO
Picking up on something that Rahtid said " but there needs to be a reason to change the share total. With no current active business, the only reason is because there will be an increase in the total number of shares when the RTO happens ". Ok: If this RTO involves a MJ producer this could be positive for us investors. Say this producer has issued shares to raise cash through a pp or bought deal. They're going to have to add those shares to the float. I personally would be turned off looking at buying into an MJ company ( for example) thats hitting the market with say 150M outstanding shares and no money in the bank and no supply deals. ( worst case scenario). But if this MJ company was going to start trading with 50M shares outstanding, $40M in the bank with supply deals in place with branded MJ companies like Canopy then right away they open at .90 cents and likely to see a share price increase. So. In this case my shares being rolled back were actually a good thing in attracting a company that can hit the market with a small float and attract new investors. In closing: I know I look for these things when I'm investing in the marijuana sector but I don't know if my scenario works in other sectors. Any comments? Spit balling totally allowed. Lol