RE:RE:RE:RE:Exposure to the Emerging Decentralized Finance IndustryPandora wrote: So now that this is being finalized will it give some positive impetus?
Routemaster Capital acquisition of DeFi interest
2020-12-10 19:24 ET - Acquisition
The TSX Venture Exchange has accepted for filing documentation relating to a share exchange agreement dated Nov. 19, 2020, between Routemaster Capital Inc., DeFi Holdings Inc. and arm's-length shareholders of DeFi. Pursuant to the agreement, the company will acquire from the vendors a 49-per-cent interest in DeFi, a British Columbia-based company focused on investing, incubating and managing trading technologies.
As consideration for the agreement, the $1.1-million purchase price will be satisfied via the issuance of 20 million common shares of the company to the vendor at a deemed value of 5.5 cents per share.
For further details, please refer to the company's news releases dated Oct. 6, 2020, and Nov. 18, 2020.
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Well that's encouraging -- up about 10 cents today on over 1.4M shares traded.
Looks like it might hold 34 cents into the close.
Would I be really, really optimistic thinking it could go so far as to get my original investment back-- probably only if I was to chase good money after bad. Their previous "consolidations" took almost all of my original shares away so it only has to get to $7.50 for me to get back to even. :-))
Gotta love those RS moves!