This is Hard To Call
we knew about the deal that was going between Daymak and ACDC there were shares exchanged as well as conditions. I did not take that as Daymak was going to be a wholly owned subsidiary but rather its own publicly traded company and getting access to do so with the share structuring being jointly initiated by ACDC where both are affiliated but remain separate. The shares that were exchanged they were not given was to secure the understanding that ACDC would be providing Daymak with the batteries and it was done so that ACDC secured a long lasting supplier to client arrangement. This in itself was a huge score. Daymaks shares from my recollection would be priced at around $5.00. Now with ACDC shares trading this low if the two were to join I suspect Daymak would become a wholly owned subsidiary and to reconcile the share differential there would need to be a consolidation to match that but that would me a 25 to 1 roll back so people who are saying this would need to happen are not wrong on this basis I don't see it being any other way. So there are one of two options 1 the companies remain strongly but independently affiliated with Daymak shares being worth more than ACDC or they become a wholly owned subsidiary in which there will be a massive consolidation to match prices and trade as ACDC where Aldo was granted significant amounts of shares anyways and the partnership was formed on improved batteries provided by ACDC and Daymaks existing client channel. As long as I make monies that is all I care about but I will lose lots of shares on a 20 plus to one and will simply adjust how I sell accordingly. Either way the reality was this arrangement was going to be beneficial. As I did say despite the huge os with ACDC i valued this at 500 million for a reason Daymak was a big part of it. Anyways, people shouldn't worry about a consolidation like this if that happens I would however do so if the company was looking to uplist and not have anything to support that move. I can see a consolidation to potentially go US market down the line but there needs to be strong revenue to support it. Let's see what happens I am good either way and this stock should have never traded this low anyways. Folks consolidation isn't always bad. It is bad if companies rush to uplist and don't have enough revenue to justify a higher price in which the shares collapse but if they have enough that's when you uplist but I think it is stupid to consolidate on whatever to 1 basis rush and see your price get topedoed. Better to trade on the Toronto Main organically grow and at 4 or 5 uplist. I have seen recently too many companies get a rude awakening I warned about this at skyhealth group and was not too keen on the 5 to 1 consolidation and I happened to be right. I said all that glitters is not gold. The shares initially were at 7.5 fell to where they are now with a year target of $9 to $12. The company rushed for nothing mind you the shares are around $4 or less and they will move up so no matter what people would have needed to wait for the amounts of monies to justify the higher share value so in some ways same difference other than the loss of 5 times as many shares which was not needed to happen. In any case for this no matter what it is a win win win. I bought Bell shares at the time of 911 they were worthless held 20,000 shares they consolidated to the dollar range and I had 166 shares. They did real well but I stupidly sold cheap I think I made a small profit. I usually dislike consolidations but from the few experiences I came out ahead I have welcomed them but only if done properly meaning the amount of revenue needs to help support the higher share value otherwise don't bother wait for until it does. Too many times I think people rush to get high share values on hype some times it temporarily worked more and more recently it never does so I am now of the view to avoid uplisting to US exchanges and prefer companies to first go and grow through the TSX unless you have the goods can dilute your shares because no matter what the under writers want their digs at cheap shares and then you carry it out. But for here I think it is dawning on people this is not a scam...and to those for f'ck sake you guys suck all the info was in the news releases how the f'ck was this ever a scam and should have traded this low!!!! Anyways great to hear and folks major win don't fear the roll back should happen just adjust trades proportionately and accordingly the value is still the same 10,000 shares at .10 1,000 or 1000 shares 10 to 1 roll back at $1 is still $1000 in share value. Now if you have .10 shares and stupid people keep the view this is a scam people shorting harshly keep these down despite the true value vs $1 per share that keeps climbing based on legitimacy what would you rather have? That said the trolls will start attacking on revenue they will say oooo near billion in pre-sales what are the booked values and attack as they do anyways and so it goes that will always happen regardless. If you make money don't worry about whether you have more or less shares. But this is now giving the bite which was really always there again in that news release where Daymak and ACDC struck the deal yet people were constantly deligitimizing it ACDC as well as Daymak...scam my a$$$