Chalice Brands Ltd CHALF

Pro forma web sites

[PortlandBlazer]

RebbeccaG, sorry for my lack of understanding. Please share any link to any website anywhere in the world that will give me a Q3 2021 or Q4 2021 pro forma income statement or balance sheet. I didn't know these are already widely available.

[MoneeMakr]

Majority shareholders voted for reverse split. How is this a scam? Splits and reverse splits are both very legal and common practices.

[RebeccaG]

Those who voted are as desperate as Chalice Brands (Golden Leaf).. The continued 14% a year devaluation of the stock from $1.35 to $0.02 and the piling debt needed CPR. First they tried 6 management changes, then Board changes then 3 name changes and 3 dilutions. NOTHING worked. Now, they decided to use cosmetic surgery and introduce an arbitrary divider/ multiplier of 23 times to soften the blow.

[RebeccaG]

The true reality behind the reverse split gimmick.  It is legal, but as legal as having cosmetic surgery to hide your identity. A Reverse Split:  Can be an indicator of poor performance: When a company undertakes a reverse split, its poor operational performance is already reflected in its declining stock. The reverse split doesn’t create a declining stock; it’s an effect, not a

[MoneeMakr]

RebeccaG 'a gimmick?' your logic is an opinion and a reach. There is lots of strategical reasons companies do splits and reverse splits. It might be as simple as meeting requirements for an index listing.

[RebeccaG]

Read investopedia, it is a testbook for investing. Reverse splits are 95% failure and are GIMMICKS where the outcome is the same. Cosmetic at best. I will leave that for you to digest. If you have 23,000 shares at $1 a share and your company does a reverse split at 23:1 then you end up with  1000 shares at $23 a share Now use your math: $23 X 1000 = $23000 Before consolidation 23000 X $1.00 =

[PortlandBlazer]

Investopedia? I prefer Graham and Dodd. Doubt you've heard of it. It's a book.

[RebeccaG]

I agree, value investing (Security Analysis) was one of the bibles I referred to in college but I use investopedia because it gives you both sides of the coin and because of the change in terminology over the years because I do not have the latest edition.