RE:RE:Skafel a director of a cpcRoyallyScrewed wrote:
https://www.investopedia.com/terms/c/capital-pool-company-tsx-venture.asp
I guess what I have to ask -- is there something about this item that is newsworthy?
GPCC.P is a capital pool company i.e. no business at this time. It trades in the order of 20K to 40K shares on a somewhat regular basis (Certainly not daily) and it trades in the range of mostly 7 to 10 cents. The aboved referenced news item was mid-July 2019 and we are now at the beginning of April, 2021 - 21 months later.
GPCC.P MD&A from March 18, 2021: Green Panda Capital Corp. was incorporated June 18, 2018.
GPCC.P IPO'd July 15, 2020 @10 cents and raised $218K+ on 2,188,700 shares.
They have since issued 4M additional shares for a total of 6,188,700 shares plus options and warrants.
They commenced trading on the Venture Exchange July 19, 2020.
They have two employees - the CEO and the CFO. (No Compensation)
They have expenses for office costs, general costs, and Exchange fees.
As of end of January, 2021 they have a cash balance of $187.4K.
They have 24 months from listing date to come up with a qualifying transaction i.e. July, 2022.
They are still looking for a qualifying transaction and are relying on the expertise and business successes of their officers and directors to find a good business.