Skylight Health Group Inc SLHGF

Special Meeting

[Eppy]

I just received  noticifation of the Special Meeting scheduled for Feb. 22. One of the items being put to shareholders to vote on is the possible consolididation of 1 new share for 5 old shares.  I am just wondering if anyone has an idea of timeing of when this consolidation might take place?  GLTA

[Finallytherock]

I would think the decision may occur around the time the company is ready to uplist. Probably reverse split right before. The reverse split is up to 1:5 so it could be less if the stock price moves higher. I am okay with a reverse split if it means we will get onto the nasdaq because i think we will see bigger and quicker gains once listed versus staying on the current exchange

[Eppy]

Thanks for your insights.  My experience is that reverse splits never work out for the small investor.  They usually end up with hundreds of shares. In many cases, the small investor ends up with  odd lots, which makes it more difficult to sell.  As i see it, the small investor has two options  The first is to sell just prior to consolidation.  If FTR is right, then

[Finallytherock]

I have seen many that did reverse split and it did work out as well. Keep in mind that SHGFF is possibly doing a reverse split to uplist onto the Nasdaq which would be a huge move for them as it would allow them to gain more attention from US institutional and private investors. That is a huge catalyst for this company who is now primarily operating in the US. I think the benefits of a reverse

[Eppy]

All good points which I do not dispute.  I am just suggesting that the small investor has two choices. The first is to stand pat.  In this option, just realize that you could end up with an odd lot which makes it more difficult to sell.  The second is to buy more so that you end up with at least 500 shares. As you pointed out in your first response, the company wants the option to

[yyy2017]

Long term, I believe SHG can be a $1B+ market cap company, so reverse split or not doesn't impact the market cap growth plan here. Short term, most of the share holders and management team have their best interests to keep the SP high or higher so the reverse split is at lower ration.  People may have different views in the reverse split. It is all fair judgement. We'll let the

[Eppy]

All good points.  I just reread the particulars regarding the share consolidation.  It appears that management wants to implement the consolidation "as sppm as reasonably practical following the Meeting, subject to the approval of the TSX Venture Exchange." I was hoping that I would have until the end of March to make a decision as to but additional shares or to hold pat. 

[Soyers09]

I just received my paperwork for voting on the 5 for 1 r/s. Does anyone know if it would still be 5 for 1 if the share price got to say $2.50 or more in the next few weeks? Thanks in advance.