I can't tell if you're joking, so I'm just answering straight up.
Yes, CVHIF is the VCAN listing on the pink sheets, which, as I understand it, are not tradeable by shareholders with a Canadian mailing address (or, the inverse, by Canadian shareholders without a US mailing address). This is absurd to me that we can't participate in the market that exists (such as it is) with shares that we duly own.
These CVHIF shares most definitely will not become shares of Odyssey Trust. They are merely the agent that VCAN selected to distribute the dividend of the first tranche and the issuance of capital (not sure if that's the right term) for the second tranche. They effectively are just paper pushers to facilitate the transfer of shares to VCAN shareholders.
We're "stuck" with these shares, but as some have mentioned they may some day emerge as something useful for a shell company to leverage - I'm not holding my breathe.
As for the wasting away of life savings I myself am the perfect example of what not to do with penny stocks and I loathe the decisions I made on names like Nobilis, Kelso, and Convalo -pissing away money like nobody's business. Had I simply held onto the one stock I earned as an employee of a major Canadian company, rather than sell it thinking I could pick the next 10-bagger, I'd be well into retirement at age 53. Instead, it feels like I started from scratch.
In any case, my limited investment in VIBE is something that I'll be much more objective with than I ever was with those names I mentioned above. It won't take much to convince me that I'm better of selling and buying more of BNS, MFC, or ENB. I'm a newfound advocate of dividend investing. I still have one winner penny stock that might in part redeem my past, but I'll definitely be "trading it on the way up" and exchange those shares for blue chips as it runs.
Good luck, and Happy New Year to everyone on this board - may 2021 bring us all some peace and contentment that will drive better decisions for all of us!
woundedknee wrote: So as I look at my account with RBC it still shows my 47 shares, but listed as CVHIF, which I assume is the US pink sheets (could be wrong) at a value of $2.18. Am I to assume by the conversations here that these are soon to become shares of Odyssey Trust? Any chance this will be an opportunity to double my money to $4.36? LOL Over the last 10 years I've had some real losers that in the beginning were so promising, only to be destroyed by totally incompetent, corrupt and greedy executives, looking out for their interest and not those of unsuspecting shareholders. And, of course many of these corruptables are for the most part protected by more corruption* higher up, while we sit with massive losses wondering where our protection was. I know there are disclaimers at the end of most press release warning us of all possibilities, but most just disregard this as a sidenote. There should be more stringent safeguards in place like quarterly assessments by the regulatory commissions to point to the good, the bad, and the ugly. A retail trader has to be very cautious because life savings can disappear in an instant in the world of penny stocks. On the other hand, millionaires can also be created in that same amount of time. GL and a prosperous new year to all.
* "...corruption higher up" I would just point out allowing the supposedly illegal practice of naked shorting, which for the most part is defined as shorting more shares than what is available.