RE:RE:RE:RE:10 weeks of Halt Papa
you asked why they would do a reverse split ( implying it will never happen )
Im just trying to help answer your question ...
Here its is again in Case you are wondering why Paul would do a reverse split on NXO shares
@ papa because the stock is at 2 pennies and soon to be at 1 or 0 .5 ...it doesnt look good. Dont think it will happen ? look at Pauls other companies ! He usually does it at around the 200M share mark ... TheNewsWire May 12, 2023
Calgary, Alberta – TheNewswire - June20, 2023 / CNW / – DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC:MKTDF) (FRA:DEP)is pleased to announce that at the special meeting of shareholders held on June 8, 2023, the Corporation's shareholders approved the consolidation of the Company's outstanding common shares ("Common Shares"). Subject to approval by the TSX Venture Exchange (the "Exchange"), the Corporation anticipates filing articles of amendment to consolidate the Common Shares on the basis of one (1) post-consolidation Common Share for every (40) issued and outstanding pre-consolidation Common Shares (the "Consolidation"), on or about June 21, 2023, with the Common Shares expected to trade on the Exchange on a consolidated basis on or about June 22, 2023.
Following the Consolidation, the Corporation will have approximately 4,246,571 Common Shares outstanding, subject to rounding (169,862,828 Common Shares are outstanding currently). No fractional Common Shares will be issued pursuant to the Consolidation and any fractional shares that would have otherwise been issued will be rounded down or up to the nearest whole Common Share, with 0.5 of a Common Share being rounded up.