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Seprotech Systems Incorporated V.SET



TSXV:SET - Post by User

Comment by frenchfry1on May 02, 2012 1:38pm
200 Views
Post# 19862316

RE: RE: RE: Re re merger announced

RE: RE: RE: Re re merger announced

seems like a good deal for set holders, they have to issue 14 million shares to wesa at a price of 66 cents after a 10 for 1 share consolidation which means they are giving a value of 6.6 cents to the shares of set now,doesn't mean we will be trading at 6 cents after the halt but it should be more than 4 cents

 

here is why it is still halted,this is the last part of the news release

Other Information

Trading in Seprotech common shares will remain halted pending the satisfaction of all applicable requirements of the TSX.V. There can be no assurance that trading in Seprotech common shares will resume prior to the completion of the Transaction. Further details concerning the Transaction, WESA (including additional financial information) and other matters will be announced when a definitive agreement is reached.

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