RE:RE:New Press Release - Chorus Aviation Announces Filing of Circular for Special Meeting of ShareholdersDoing the math, a 30% haircut post split is $2.05 pre-split. So, basically you're saying the price gets hacked back to near all-time Covid lows and with the Falko anchor on the balance sheet despite neither in the current picture. Anyone willing to shell their shares at those prices are gifting buyers.
nedstar71 wrote: Sounds like they are pretty intent on moving forward with the reverse split if it passes the vote taking place in early Feb, which I imagine it will. Either a 1 for 5 or a 1 for 10. So based on that share price 'should' be in the $14.65 range in the first scenario and $29.30 in the second. Not sure what the reasoning is behind this, but they may be able to put in a floor with a decent dividend. Absent of that I see this losing 20 or 30% following the r/s solely from a psychological standpoint. The market would never allow a company like this to trade at $30, unless solidly supported by a BIG yield.