Omni Commerce Corp CCTXF

PP will be announced closed in next couple days

[99hockeypenguin]

They took funds from my account today. Over-subscribed

[ctblizzard]

Did you pay .7 cents a share? or 7 post split? Was the price fixed at that? In any case , best of luck with your investment and thanks for the info.

[99hockeypenguin]

Bought under these terms: price of $0.075 per unit. Each unit will comprise one post-consolidated common share and one share purchase warrant; each warrant entitling the holder to acquire one additional post-consolidated share at 10 cents for a period of two years. Please refer to the Company’s news release of July 17, 2017 in which the Company announced it would be undertaking a ten-for-one

[ctblizzard]

Thanks , so it looks like the reverse split and PP will happen. We should hear soon then on that (in an official release) Hopefully the price of the stock will trade in penny bid/asks like 19/20 or 15/16 wherever they reverse it to.

[Tanker81]

Maybe we can issue more shares for a new e-comm company as mekenix seems to be over?

[deet]

I'm extremely unhappy about the reverse split. The final kick in the teeth. Worst ride ever. deet

[Tanker81]

What I read is the 10 to 1 consolidation will create a 15 to 20 cent sp so the warrants are in the money instantly?  

[Tanker81]

You invested in ctn as well?

[99hockeypenguin]

Yes, I think CTN is very undervalued. Hoping for good production/sales in August to get some interest in the company.

[TSXPLAYER1]

I think the pp was purposely kept small so as not to needlessly dilute the shares with a cheap post - consolidation financing. The shares will trade post - consolidation Aug 18th, so it'll be interesting to see where the stock price trades.  If paper comes out before the consolidation, I have bids in at $.01 to get more shares. I may add more at $.015. Will see if any paper starts

[Tanker81]

Yes, I am accumulating Ctn at these levels.... one of the better plays on the tsxv imo