TSXV:RBI.H - Post by User
Comment by
rahtidon May 24, 2018 6:07pm
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Post# 28078057
RE:RE:RE:Consolidation
RE:RE:RE:ConsolidationShells, they did have to put out an additional proxy because the new articles do not address share consolidations. Because it will be effectively a new company they need shareholder approval for any initial consolidation. Also expect the large consolidation so that they can issue new shares at a reasonable discount to the new company directors when they come on board. Existing shareholders are less important because there will be eventual dilution. Standard practice.