RE:RE:RE:Sad, Sad!!I dont think PUF license is close lol, they are not even THAT close to an inspection (others before them are still waiting a while like Vodis, Beleave) and after an inspection it takes 2-3 months or more to get a production license (assuming there were no deficiencies), pump pump pump is all they can do
Interpolation1 wrote: VERY rarely is a consolidation good. You can google it to learn why. A stock split is almost always good and a reverse split is indeed the opposite. In this case, however, I think it signals two things:
(1) Licence is very soon ... why is a consolidation linked to that?
(2) Once a licence is issued Puf will need money ... Consolidation plus the resulting lower float plus the natural demand when the licence is announced will raise the SP and then a PP/BD can be done.
So it may not be as bad as otherwise would be the case .....
Interpolation1 wrote: https://marijuanaindex.com/industry-news-item/?newsId=5996072620597063&headline=PUF-Ventures-Announces-Proposed-Consolidation-of-Common-Shares
Vancouver, British Columbia / TheNewswire / June 23, 2016 -PUF Ventures Inc. ("PUF" or the "Company") (CSE: PUF) (Frankfurt: HR2P) (OTCPK: PUFXF) announces that it isproceeding with a share consolidation, on the basis of one (1) new common share for every four (4) old common shares held (the "Consolidation").
The Consolidation was approved by the board of directors of the Company on June 20, 2016. As a result of the Consolidation, the 75,767,574 common shares which are currently issued and outstanding will be reduced to 18,941,894 common shares. Each fractional common share equal to or greater than 0.5 common shares will be rounded up to the nearest whole common share and each fractional common share less than 0.5 common shares will be rounded down to the nearest whole common share.
curious14 wrote:
PUF Ventures to roll back shares 1:4