Possible future direction details from the Nov. 21 circular I've been reading through the management information circular (dated Nov. 21, 2018) in SEDAR that has a filing date of Dec. 7, 2018.
Here are a few things from the matters of the Jan. 7, 2019 meeting that I found interesting:
- share consolidation: "Accordingly, management is of the view that it would be in the best interests of the Corporation and its shareholders to consolidate the Common Shares in the capital of the Corporation on the basis of one (1) new Common Share for every fifty (50) Common Shares currently outstanding." and "... the 51,246,855 Common Shares as at the date hereof would be consolidated into 1,024,937 issued and outstanding Common Shares."
- delisting shares from the TSXV: "One of the possible business models being considered by the Corporation is in the American cannabis industry which is incompatible with a listing on the TSX Venture Exchange."
- name change: "The articles of the Corporation be amended to change the name of the Corporation to GTA Capital Inc. or similar name;"
What do you think about the possible future direction of the company, considering the additional details from the information circular?