TSXV:MRS.H - Post by User
Comment by
Ermotton Aug 28, 2019 8:22pm
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Post# 30077227
RE:MRS was acquired by Unifire and not vice versa
RE:MRS was acquired by Unifire and not vice versaMy understanding is they had to do the triangular merger or they would have lost their contract with the DLA. My understanding also is any of the percent of the 26 milion shares that they issued so far to Unifire became free trading 4 months after they presumably started issueing them on April 23, 2019 which would be Aug 23, 2019. Also the PP completed on April 2, those shares are also now free trading. So maybe the persons in reciept of some of those free 26 million shares that have been released have been selling them into the market. So this would beg the question of why for the lovin helll would they announce another PP when they must have known there would have been a bunch of selling pressure. Is there a power struggle for control taking place or is the situation just so dire that they had no choice and people are bailing, even some of the PP participants from April 2? No wonder share holders are anxious. Jmho