RE:RE:RE:RE:BREAKING NEWS GetKraken wrote: yes they did .. but sorry i was wrong it was 2021 .. two years ago. Time flies when you're having fun!
Share Consolidation
Shareholders are being asked to consider and, if thought advisable, to approve the special resolution set out herein (the “Consolidation Resolution”) authorizing an amendment to the Company’s articles to consolidate its issued and outstanding common shares (the “Share Consolidation”) at a ratio of between two (2) and seven (7) pre-consolidation common shares for every one post-consolidation common share, as may be determined by the Board in its sole discretion (the “Consolidation Ratio”). Subject to the approval of the TSX Venture Exchange (“TSXV”), approval of the Consolidation Resolution by shareholders would give the Board the authority to implement the Share Consolidation and determine the exact Consolidation Ratio, in its sole discretion, at any time within one year of the date of shareholder approval of the Consolidation Resolution. The full text of the Consolidation Resolution approving the proposed Share Consolidation is set out below.
Trying this again , with content this time.
They did pass a consolidation motion within that range, 2-7x. two years and then didn't act on it .
The difference this time is they set out a range and then set a ratio at 2.7.
Could be wrong but setting a ratio implies acting upon it.
We'll know when they put out the release