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Bullboard - Stock Discussion Forum 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

Ivanhoe Capital Acquisition Corp is a special purpose acquisition company that targets companies in the supply chain from the mine site to the end-user of electrification products and services, including in the transportation, e-mobility, electric propulsion, battery technology, and storage sectors. These include companies exploring for mining, processing, or refining metals necessary for... see more
Post by BearBullBrian on Jul 18, 2014 10:09am

Say no to another reverse split: It's a scam

https://www.stockhouse.com/news/newswire/2014/07/18/ivanhoe-energy-t-ie-pushes-for-consolidation-to-maintain-nasdaq-listing

At the time of the last split I went on record saying that the stock would return to the price before the split, which is often the case for reverse splits of this nature. The "Maintaining the NASDAQ listing" excuse is a smokescreen. It's a way that stock promoters have of taking a failing stock to zero without appearing to do so. Having stripped current shareholders of their money, they look for fresh meat with what appear to be a respectable stock price.

Ivanhoe must now produce or get out of business and relieve us of our misery.

BBB
Comment by sethro on Jul 18, 2014 10:40am
What is the reverse slip or consolidation proposed?  5:1 ?  10:1 ?  Do you know?
Comment by pennytrading on Jul 18, 2014 3:12pm
I'm really happy to buy my first stock of this compagny at 0,26$ this morning Thanks to all the sucker who sell them to me :)
Comment by skydiver069 on Jul 22, 2014 5:06pm
Would be curious to find out that proposed consolidation rate, too. ...  Perhaps we should send some emails to IR with the question... Will say that I've never been a fan of share consolidations either.  From my experiences, they've tended to negatively hit the investment pretty quick once the consolidation is complete.  ...  Here I'm also curious to see how far ...more  
Comment by rad10 on Jul 23, 2014 8:23am
Sky - if you can get anything out of IR - please let me know.  They don't answer emails and phone goes to voicemail.
Comment by skygarden on Jul 23, 2014 9:36am
If I do get a response I will be as surprised as anyone, but on the odd chance I do I will certainly post their reply.
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