TSXV:RBI.H - Post by User
Comment by
rahtidon May 26, 2018 7:49pm
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Post# 28085106
RE:RE:RE:RE:RTO
RE:RE:RE:RE:RTOWell BigPop that's the gamble with a shell or RTO. The main thing is (if it happens) it will be an established company already in business just looking to expand awareness as well as raising funds for expansion. It can work out really well, or be a slog for current investors. Two examples come quickly to mind: 2016 - Drone Delivery does an RTO with Asher Resources (granted not a shell at the time , but still an RTO). Asher, at .015, did a 1-4 consolidation and the shares jumped to .30 cents on the first day. Slid back to .12 within a month, hit a high of 2.26, and now sit at 1.66 The other is the Medmen RTO of Ladera Ventures next week. Medmen is fully loaded and promised a wealthy start. So much so that even though the consolidation rate isn't yet known; it's been stated that current Ladera shareholders will own 0.4% of the company when it's completed. It seems to me that the dilution is excessive. We wait and hope because when the arrangement comes RB will already be halted.