RE:RE:Files Special Meeting Proxy Material I believe it when I see it , exposure and more atractive share float ( new beginnings) is the main objective, ..
The Company anticipates that the share consolidation may also result in certain additional benefits as a result of a higher post-consolidation market price for its Common Shares, including:
- enhancing the Company’s comparability against its peers on per share metrics;
- increasing the pool of investors to include those whose internal investment policies may prohibit or discourage them from purchasing stocks trading below a certain minimum price; and
- increasing analyst and broker interest as policies governing analysts and brokers may discourage following or recommending issuers with lower stock prices.
...the Board will retain the discretion to elect not to proceed with the share consolidation. Further, there can be no assurances that such a US listing will occur following either....
quote=BottomBroker]So there you have it. They're definitely going for a U.S. stock exchange listing. [/quote]