Post by
rgonlyfactspls on Nov 16, 2015 11:13am
Re Share Consolidation point in today's press release...
May have been much better received if the press release incorporated the text in "Notice of Annual and Special Meeting of Shareholders" page 8 re Share Consolidation and I quote from doc - --"The Board of Directors of the Corporation has determined that it may be beneficial in the future to consolidate its issued and outstanding Common Shares (the Share Consolidation) by a ratio between two to fifteen (2 to 15) pre-consolidation shares for one (1) post-consolidation share, as may be determined by the Board in its sole discretion (the Consolidation Ratio). AND, also a quote from page 9, point #1 of section entitled "The potential benefits of the Share Consolidation include: 1) the Common Shares must trade above US $4.00 in order to be eligible for trading on NASDAQ, the world's premier technology stock marketplace. While no determination has been made to pursue a NASDAQ listing of Common Shares, a trading price above US 4.00 keeps that option open for the Corporation. Note: three other potential benefits listed. ALSO, there's this and I quote from just released MD&A, page 3 under Objectives column..."Ensure legal and financial internal processes and reporting capabilities will permit a NASDAQ listing in calendar 2016. Current Status; In process. INSTEAD, investors new or considering TST read this... "Finally, a special resolution amending the articles of the Corporation to consolidate the issued and outstanding Common Shares at a ratio of up to fifteen (15) pre-consolidation for every one (1) post-consolidation Common Share if, as and when determined by the Board of Directors over a period of one year, was confirmed, ratified and approved." --- First impression?? Benefit to investors??
Comment by
ragingbull1327 on Nov 16, 2015 1:50pm
If the company never gets the approval, it's worth ZERO. If it gets the approval, it's worth $6.00 Canadian PLUS per share almost immediately. You tell me wtf anything in between means.....jokers
Comment by
investderp on Nov 16, 2015 1:51pm
Since you're so adamant the company is worth $4/share, I'm happy to tender my shares to you at that price.