Comment by
PinkCow on Nov 02, 2022 9:51am
Thank you for this. Given that AAJ Capital 3 was halted at $0.14 and the deal is 1:1 after a 4:1 consildation, the notional value of an Iron Bull share drops from $1.00 to $0.60 or, put another way, the price has already been discounted by 40% so another feather in the cap on this one. PS love Eunice's monthly update and am looking forward to the next one.
Comment by
Atechnician on Nov 03, 2022 12:59pm
A typical REVERSE TAKEOVER. " A reverse takeover, reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue." Wikipedia AT.