New Wave Holdings Corp C.NWAI

No Need For The 20 to 1 Consolidation

[ScarletSpider]

for what? 120 million is who cares!!! Bring strong revenue in the consolidate and that too fewer shares. So what 6 million shares roughly so the company can dilute the shiate out of things. Wow just wow.. speaking of which what happen to financials being pressed release like the consolidation. I have to stop being complacent and look into Sedi for reasons like this. I just read the 20 to 1 on the boards and thought no it cant be right but maybe. We let's see how these guys move from 6 million shares back up and if it is done properly. Will this company get on the TSX main??? If not what a stupid move just have whatever shares consolidate only when you are stronger so you dont keep issuing tons of shares. Anyways this move should be reflective to way better value and an uplisting. Everything product wise seems great whether there is 200 to 300 percent revenue increase as stated and whether the profit margins are 30 and 38 percent as well as supposedly having 3.2 million accretive for April all have to be seen. It was pointed out by a poster this only had 90k revenue and I replied with what is being said vs 90k revenue is peanuts so this should go up...recovered to about .11/.115 and straight to shiate where it has and continues to be. The sun ran lotion sounds good. All the products do as well Bloom so let's see where things go and if this 20 to 1 was a right move I dont think so. I had small amounts of shares and they became almost non existent one company 200 shares 5 to 1 this one 160 yehaw!!! Looking for $5 plus a share at least but the company has to be fundamentally strong as does branding and brand loyalty. I like how Bloom does what they do and Wow seems popular enough. Let's see where things go. The very least I want is $3...not even 500 with what I hold...fresh that will put a small profit. Not happy with the move because this will really need to move up for it to be worth anything to me. I am not calling it garbage just think the move to do a 20 to 1 was!

[Hammer1]

Yup.  Perhaps they are intending to do opposite to what most companies that do an RS do.  RS first then dilute..... let's see how this strategy works.  On the other hand, a buy out may be in order and the company buying NW wanted fewer shares outstanding before the BO.  No clue....just guesses.  GL

[ScarletSpider]

they will dilute with only 6 million shares the question is will it be smartly done. Doing it for a change of exchange tsx venture uplisting whatever at least that is more palatable. Lets see this get back to a nickel first ($1.00). Pretty shiatty otherwise.