Surge Energy Inc (Alberta) T.SGY

ON THE IF IT'S REAL OR FAKE CONSOLIDATION

[WanTBe1]

I received no mail or have seen no SGY company news on the consolidation yet.

Maybe someone made up this fake B.S.

[Al42]

I got mine today

[Chris007]

Or you can just go on Sedar and read it for yourself... Sedar.com -> Issuer Profiles -> Companies that start with "S" ->"Surge Energy Inc." -> "Management information circular - English" (Posted Jul 19 2021) This isn't exactly rocket science. If you are going to own individual stocks, best to atleast know where you can find public company

[WanTBe1]

Thanks I know that But just was just wondering why the company never posted as news. Paul let's us know 24x7 when he's at the water cooler.  Second Question is about the consolidation So let's say to bought 10 shares at $1.40 each=$14.00 so after 8.5 for 1 would leave you with only 1 (no rounding) now my cost for one share would be $14.00. Sgy shares are $4.59 How many lifetime &

[RayDonovan78]

It may not be finalized and it is not good news in the investing community.

[Chris007]

Its really no different, than how long would it take .54 to get to 1.40? That being said, if you only owned 10 shares, you may have a bigger problem, with the consolidation ratio at 8.5 for 1 

[WanTBe1]

Thanks  Chris 007 (Bond)   I own alot more just though that would be easier to explain. I would think that from 0.54 to 1.40 would be easier. We already had a high in June/21 of 0.76.

[tdon1229]

  You're already down $0.85/shr. from your buy price of $1.40.  You'll also get cash for the 1.5 shares.  Once again, math is hard.  I'll leave the rest of the problem as an exercise for you.  

[Chris007]

Actually... Pg. 16 of the Management Information Circular 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 Share Consolidation, and assuming the Surge Share

[tdon1229]

Chris, Thank you ... I missed those lines ... guess I assumed more equitable treatment. WanTBe1,  That changes the problem. Now, do I upsize or downsize? Regards, tdon1229

[investmenthound]

No such info. ALL HORSESHIT.