Inspire Semiconductor Holdings Ord Shs INSSF

Another question

[kaydeeh]

When they delist do the shares convert to pink sheet shares? I think they trade on the pinks.

[lscfa]

The co. is going private until it is generating revenues and cash flow. It will continue to make public filings. I doubt the SV shares will trade for long on pink sheets after TSXV delisting. I expect the co. to convert all SV shares to PV shares by doing a 1-for-100 consolidation. Then the PV shares will eventually have a value large enough (min. $4.00 US) to do a Nasdaq listing. The $100M

[lscfa]

correction:  I expect the co. to convert all SV shares to PV shares by doing a 1-for-100 exchange. (not "consolidation") 

[kaydeeh]

I'm not sure what the long term intent is but in the last business update, they said your shares will stay in your brokerage account if your bank alllows it. Failing that, I think they said there is an electronic certificate you can get for your shares and if you wanted to sell them I think INSP  would try to facilitate it. I don't know the costs involved in getting certificates but

[lscfa]

I hold several private co. shares in my brokerage account. Mostly spin-outs from public co.s I hold. Patience is required until they eventually list and trade one day.

[kaydeeh]

Thanks for all the info.