GREY:BXEFF - Post by User
Comment by
zebra2on Jun 24, 2019 11:30am
161 Views
Post# 29855975
RE:This is insane or I am insane or both
RE:This is insane or I am insane or both
Following was released by the company upon completion of their capitlization reorg.
It confirms the new number of O/S shares at 40.8 million..At today's price , that places a market cap around the $40 million level. Where it goes from here is anyone's guess.
Trust this helps clarify the market cap confusion...
"The Share Consolidation completed as part of the Recapitalization Transaction reduced the number of issued and outstanding Bellatrix common shares to approximately 6,742,244 (prior to taking into account the issuance of the new common shares pursuant to the Plan of Arrangement). Together with the new common shares issued pursuant to the Plan of Arrangement, the Company has a total of approximately 40,863,008 issued and outstanding common shares, which are expected to commence trading on the Toronto Stock Exchange (the "TSX") on or about June 7, 2019, under the symbol BXE."