Surge Energy Inc (Alberta) T.SGY

Re: Share consolidation ( worth a repeat IMO)

[TimeBuilder]

Following the Surge Share Consolidation, and assuming the Surge Share Consolidation proceeds on the basis of one (1) post-consolidation Surge Share for 8.5 pre-consolidation Surge Shares, the number of postconsolidation Surge Shares issued and outstanding will be approximately 71,586,552 (on a non-diluted basis). See “Information Concerning Surge Following Completion of the Arrangement – Pro Forma Capitalization”.

[radcat]

I have a problem with this part of the statement... approximately 71,586,552 (on a non-diluted basis). This is completely inaccuate. They will first issue somewhere around 1/4 Billion shares in addition to what we already have outstanding. Then when Surge does a reverse split that will be non-diluted. In other words, "no dilution after the dilution". What?!! 

[stockwatcher248]

Radcat...Surge had 339,000,000 shares outstanding....consolidating 8>5 would result in around 40,000,000 post consolidated shares.......the 71,000,000 obviously includes the new shares issued to Astar shareholders on the acquisition....which means subsequent to the acquisition there wil be around 600,000,000 shares of Surge outstanding.....600,000,000 / 8.5 = 71,000,000 post consolidated shares

[ariesleaf]

Look up Surge Energy in Sedar -> Management information circular - English (Filed Jul 19 2021) Pg. 26 Principal Effects of the Surge Share Consolidation As at the date hereof, Surge has 379,594,375 Surge Shares issued and outstanding and upon completion of the Arrangement, Surge is expected to have approximately 608,485,692 Surge Shares issued and outstanding. Following the Surge

[ariesleaf]

Look up Surge Energy in Sedar -> Management information circular - English (Filed Jul 19 2021) Pg. 26 Principal Effects of the Surge Share Consolidation As at the date hereof, Surge has 379,594,375 Surge Shares issued and outstanding and upon completion of the Arrangement, Surge is expected to have approximately 608,485,692 Surge Shares issued and outstanding. Following the Surge