TSXV:ART.H - Post by User
Comment by
Maxmoeon May 03, 2022 2:24pm
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Post# 34652015
RE:RE:split
RE:RE:splitReverse split thoughts
I’ve never had a good outcome after a reverse split. :( who knows, maybe this is the one! It’s not impossible. It helped or at least didn’t hurt encana/ovintiv. if you think investors are avoiding the stock because it’s 20 cents versus $4, it’s time to fire your ir guy or advisors. Any real investor doesn’t care what the share count is. Only the market cap or more correctly, enterprise value matters Maxmoe wrote: No news release. Which is greasy. It's on sedar.
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00005433
there is a separate filing for the reverse split and the shareholders rights plan outside the friggin 124 page info circ filing doc.
why is nobody talking about the rights plan? It's often done when a shark is circling ready to launch an opportunistic hostile bid. Couldn't hurt. I'll vote yea.
the 1 for 20 reverse split or roll up is pointless, imo. I'll vote nay.
the 15% omnibus plan share freebies (options,rsu,psw, whatever else they dream up) is greedy.
No need to go beyond 10%. I'll vote nay.
MRG_WPG wrote: Wat there a news release saying they are contemplating a reverse split ? If so can I have the link ? Thanks