TSXV:VER.H - Post by User
Post by
gaserx2on Jun 15, 2022 5:53pm
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Post# 34759658
Share Consolidation
Share ConsolidationPerhaps they're thinking is they plan to sell to an unlisted company. Setting the price at perhaps .50 or $1.00 /Share. Ingoing cost to get listed on the Venture exchange would be reasonable with 9.8 Mill outstanding. This saves the future transaction of RTO having to reduce the float at time of transaction. They can go straight in. If the RTO company has good prospects then the IPO could trigger much higher value. Thus rewarding existing shareholders for having held on for so long.