Post by
AccountabilityM on Mar 29, 2021 6:29pm
Proposed share consolidation ratio.
After review of the March 21, 2021 proxy I was asked to vote for or withhold a vote for a share colnsolidation under point 3 in the March 1, 2021 circular. Does anyone know the proposed consolidation ratio? Not trying to stir the pot, just looking for any input the forum has. Thank you in advance.
Comment by
Driller62 on Mar 29, 2021 8:17pm
High of 9 to 1. May as well throw your shares in the garbage. The dilution creates no value, only sales and margins do.
Comment by
bober2 on Mar 29, 2021 9:04pm
My understanding from the posters 9 to 1 . I'll be wiped out totally. I'm going to vote against the consoldiation because Clint can't even wait for the sales and profits to improve. He talks a good talk but he's no friend of Heritage shareholders. He owns over 6 million shares so he'll still have over 600,000 shares after the consoldiation.