TSXV:VER.H - Post by User
Comment by
Pandoraon Jun 22, 2022 1:43am
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Post# 34773027
RE:Share Consolidation
RE:Share Consolidationgaserx2 wrote: Perhaps 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.
Always nice to be an optimist. I expect nothing from this outfit which is exactly what it has been for some forgotten number of years. I got just a touch optimistic when it came back to life until they came up with the same old cr@p so many of them do. Consolidate and get rid of all the shareholders shares.
Tomorrow we become VER on the Neo exchange and at 1 for 10 it looks like we start at a whole 5 cents. How long will it take to get back down to a penny or a half penny? Maybe before the end of the day? The company was screw@d once before. I guess it can go for two.
It had zero value for so many years I guess it doesn't really matter.