StageZero Life Sciences Ltd T.SZLS

From the management circular

[Jonnyboy85]

D. Consolidation of the Common Shares At the Meeting, the Shareholders will be asked to consider and, if deemed advisable, pass a special resolution (the “Share Consolidation Resolution”) authorizing a consolidation of the Corporation’s common shares on the basis of up to two (2) pre-consolidation common shares for each one post-consolidation common share (the “Share Consolidation”). Approval of the Share Consolidation Resolution does not necessarily mean that the Board will implement the Consolidation. Even if the Share Consolidation Resolution is approved by shareholders at the Meeting, and accepted by the TSX, the Board will have the discretion not to proceed with the Consolidation.

[Liked2Think]

oh come on  Really?

[IainCaimbeul]

JB85, nice cut and paste, but what is your take on it?

[LithLover]

Why 2:1 and not more?   They must have a specific reason to need this come the summer or fall. Again it's up to the board and they can't do more than 2:1. Is the plan to go US OTC and at $2 do a 2:1 for nasdaq. Or are they expecting a SP of $2 soon and than straight to nasdaq     A 2:1 doesn't give them room for financing that they don't have now   So it

[Liked2Think]

So they are going to add 12 million shares to pay of Care and then consolidate again?  Granted Care gets their shares over time. If they had not bumbled the rollout they could do a 2:1 now and be able to go NAS. Will they do this so Care's value of shares are in line to where they were before the SP cratered?  doubtful what would be the point GAP girl is going to love this news

[LithLover]

They aren't about to just do a 2:1 right now.  They don't need it for financing so what's the point. And as for the Care deal.  I expect the consolidation would be done at $2 or higher to get to $4 and uplist.  At $2 I would think Care would be quite happy with their share deal.  If they don't get to $2 the board won't do it.  They had an 8:1 years

[Liked2Think]

I hope there is a master plan. A smoking gun Hard to continue to hold on and my attempt to fight off gap girl seems to be all for not.

[Mykndrsn]

No one really expects you to understand. Don't hurt your brain.

[Mykndrsn]

As a means to get on NAS I'm completely in favour.  

[davewho]

all filed on sedar as of this morning.  Associated Documents (sedar.com)

[davewho]

Background to and Reasons for the Share Consolidation The Board believes that it is in the best interests of the Corporation to reduce the number of outstanding common shares by way of the Share Consolidation. The potential benefits of the Share Consolidation include: 1. Preparation for potential US listing: the Corporation is looking to prepare for a possible future listing on NASDAQ or other

[Mermer2328]

Its all fine and dandy and I really hope that in the next yr the 2 for 1 splitt will have the SP high enough to trade on the Nazdaq. But this was the same story for doing an 8 to 1 reverse split. so that went from 9 cents to 72.. Where are we now??? All talk. no action. that's what needs to change

[davewho]

The special resolution also authorizes the Board to elect not to proceed with, and abandon, the Share Consolidation at any time if it determines, in its sole discretion, to do so. If the Board in its discretion does not implement the Share Consolidation prior to the next annual meeting of Shareholders, the authority granted by the special resolution to implement the Share Consolidation on these

[LithLover]

The 8:1 was planned for the Nasdaq but I think they got talked into by the institutional investors and analysts looking to move the share price over $1 to encourage buying.   As it turned out we still don't have the exposure to the US market as Jack Lifton just mentioned in the interview with Tripp. Had they moved to a US exchange first , increased marketing and partnered with the

[Mermer2328]

yep. I agree with all that. When???? time is money! More info on anything Aristotle would be beneficial also. Cause that's our golden goose game changer!! as James said himself

[Mykndrsn]

That's exactly what happened to attract financing. 2-1 at $2 is a no brainer and a necessary contingency they don't have to use. 

[Mermer2328]

who was that directed to?

[Skrit37]

As far as uplisting goes.....cut and paste....same reason...only difference is the page #  June 16 2020 ( from MANAGEMENT INFORMATION CIRCULAR ) sedar (page 14) Background to and Reasons for the Share Consolidation "Preparation for potential US listing: the Corporation is looking to prepare for a possible future listing on NASDAQ or other senior US stock exchange. The higher