RE:RE:RE:RE:RE:RE:RE:RE:RE:Lgq reverse splitTrader124 wrote:
where do you see that the new name will be flow capital? Any link to a document?
There's a slide deck on Grenville's website. Go to the following page and click on "Rationale for Amalgamation".
https://www.grenvillesrc.com/logiq-transaction/
I guess it's a moot point now, but you really should read the various docs. You've been treating this the same as a simple share consolidation while really it's a reverse merger.
There's lots of risk here. But I do think the Logiq transaction is a net positive for Grenville. Of course I don't yet know their intentions as far as management structure. Will McLarty become permanent CEO, or will it be Steve Mantle from Logiq, or...? And how about those paycheques? We'll see. This is a tiny shop. They got rid of a managing director, and then Steve Perry. Not many folks left to be perusing a deal flow numbering in the hundreds per Q.
It'll be interesting to see where Boardwalktech opens -- should be trading soon on the TSX-V. If it sticks anywhere near the $5.25 private placement level, then Grenville's warrants will be worth good money on top of their royalty. The Boardwalktech financials looked awful to me so I'm skeptical about the $5.25 valuation lasting very long.
Also interesting to see insiders buying up GRC shares recently. Small potatoes and not a sure sign of anything, but better than the opposite.