Ivanhoe Capital Acquisition Corp. Warrants each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per... IVAN.WS

More proof of the uselessness of consolidations

[BearBullBrian]

Like many share issue before it, and as I wrote here at the time, Ivanhoe will return to the price it was at when the shares consolidated. Companies do this so they can take more money from the share-buying public before they fail. As a general rule consolidation is the first step in a company's decline to zero. Stay tuned.

BBB

[BearBullBrian]

CORRECTION: Like many share issue before it, and as I wrote here at the time, Ivanhoe will return to the price it was at when the shares consolidated. Companies in decline that have been reduced to penny-stock status do this so they can take more money from the share-buying public before they fail. As a general rule consolidation is the first step in a company's decline to zero. Stay tuned

[himmler]

Truth is that for me ,I never held out hope that their Tamarack assets were worth anything anyway.I bought this wreck based on their upgrader technology,but that isnt getting any traction either.These small companies are getting a thrashing this last year but with news like this there  isnt much to act as a catalyst for Ivanhoe.