LL One Inc. V.LLO.P

⭕️⭕️ Can it disappear: What is the potential? ⭕️⭕️

[MNK3240]

LL One was listed as a Capital Pool Company (CPC). Toronto Stock Exchange’s CPC program permits an IPO to be conducted and an Exchange listing to be achieved by a newly created company that has no assets, other than cash, and has not commenced commercial operations. The CPC then uses this pool of funds to identify and evaluate assets or businesses which, when acquired, qualify the CPC for listing as a regular Tier 1 or Tier 2 Issuer on the Exchange.
 

This Policy outlines the procedures for listing a CPC on the Exchange and the procedures to be followed and standards to be applied when a CPC undertakes a Qualifying Transaction.

The CPCs have to abide by certain additional conditions by TMX so that the shareholders rights are protected. One of the conditions that CPCs have to demonstrate that there will be a qualifying transaction that will generate required/significant revenue in 24 months  in order to get TSX approval for listing. 

There is every likelihood that they will come up with something, whether it is Kaya or something else sometime in near future assuming they made some arrangements before the TSX listing.

so those who bought at a high price, you may be stuck for now but if you hold on for sometime, you may see a spike and get your investment back if not a big a profit.