OTCQX:BALMF - Post by User
Post by
shnepson May 04, 2020 8:25am
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Post# 30982548
Effective Date.........?
Effective Date.........?I have a question for the board.
As the actual voting/meeting is May 7th. Is the effective date (for setting the shareprice exchange rate) determined at the meeting? They are currently stating that the "effective date" will be May 22nd. I am assuming the beginning of the day PST May 22nd will be the effective time. Therefore May 21st (end of trading day) is the last time we can potentially trade.
I am also assuming that once the approval is voted for on May 7th (if it is approved) a yes vote will have the arbitrage disappear and the shares will then trade in tandem. Seems to me like two weeks of constantly having to surveil the two stocks for sudden price movements if that is the case.
Thanks in advance.
Cheers