RE:RE:RE:Consolidation rarely works and will be a HUGE mistake.LOL...just because you keep on repeating that, doesn't make it true...
The company is very much proposing a 8.5 for 1 reverse split in conjunction with the issuing with the issuing of a shitload of new shares to pay for the Astra acquistion
As the the "Form of Proxy – Special Meeting to be held on August 17, 2021"
1.1. Surge Issuance Resolution. To consider and, if thought advisable, to approve, with or without amendment, an ordinary resolution approving the issuance of common shares of Surge (“Surge Shares”) pursuant to a plan of arrangement involving, inter alia, Surge, Astra Oil Corp. (“AOC”) and the holders of common shares of AOC under Section 193 of the Business Corporations Act (Alberta)
2. Surge Share Consolidation Resolution. Conditional upon the Surge Issuance Resolution being passed at the Special Meeting, to consider and, if thought advisable, to pass, with or without variation, a special resolution approving the amendment to the articles of Surge to effect a consolidation of the Surge Shares on the basis for one (1) post-consolidation Surge Share for each 8.5 pre-consolidation Surge Shares
You really should do some DD if you decide to own individual stocks...
Stockhudson wrote: there is no consolidation except here on Stockhouse