GREY:SNNVF - Post by User
Comment by
redstangon Jul 13, 2018 12:14am
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Post# 28310453
RE:RE:RE:RE:RE:RE:RE:RE:RE:Sunniva Inc. to spin out its Canadian assets and list on...
RE:RE:RE:RE:RE:RE:RE:RE:RE:Sunniva Inc. to spin out its Canadian assets and list on...Current Sunniva shareholders at the record date of the meeting will receive a proportionate number of shares in the new entity as part of the Spinout Transaction as well as continue to hold a proportionate number of shares in the current CSE listed entity. The shares of each company would then trade separately on their respective stock exchanges.
What am I missing here? This seems way better than a forward split and yet look at the price action since this press release. Something does not make sense with the price action. You would think that there would be a substantial PPS increase before the meeting about the spin out. Befuddled. Maybe I'm misunderstanding this release and the above paragraph from it. I own shares on the OTC market SUNNVF. Do those shares apply to this spin out? Confused to the point were it makes me uneasy.