Active Control Technology Inc ATIVF

RE: RE: RE: Not Over Yet Simple Simon

[simonquinn]

They are doing a 20 to 1 consolidation.

If you had 20 thousand "old" shares then you will have 1 thousand "new" shares.

Price of new shares? 

They will take an average price that ACT traded on for a certain amount of days prior to consolidation and this time 20 will be the initial price of new shares.  All this is presented to TSX venture exchange for their approval.  If they get it then the "new" shares will have a start date to be listed at new price.

Average price = 1 cent then new price = 20 cents.  What happens to that price is up to the market.

Number of new shares = 233,393,300 divided by 20 = 11,669,650

Plus 5,834,833  "new" shares given to PowerCart.

Total = 17,504,483 shares of ACT when trading starts.