TSXV:CART.H - Post by User
Comment by
nozzpackon Dec 20, 2022 2:06pm
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Post# 35182726
RE:Approval meeting on Monday December 19
RE:Approval meeting on Monday December 19It's all approved and we get $0.03 per share in cash and shares in the stub.
After the reorganization of capital, the stub ( NewCo ) will have nominal cash and will seek out new opportunities that will require additional capital.
As I have posted earlier, it's quite likely that one or more of the shareholder groups have their ducks lined up.
Initial funding could be by way of a rights offering to existing holders of the stub.
If so, the stub could develop substantial worth as all shareholders of Newco start off the same as the major shareholders .