Post by
ScarletSpider on Jun 29, 2021 8:09am
Now I Sort of Understand What Is Going
on. I was missing this key piece as to the 20 to 1. New wave is spinning WoW into a wholly publicly owned subsidiary which will be listed on the CSE and will be running as it's own entity which makes sense. As part of the structural reformation and to compensate for this the company will be issuing some initial shares as to my understanding to all share holders on a pro forma/rate basis "dividend in kind". It is kind of confusing but I get the idea and think it is smart sort of. If New Wave looks to be spinning companies out will we undergo consolidations? The answer is yes if the revenue is not fully offsetting the outstandings and the company is looking to restructure to spin out but possibly no if it is doing well enough and doesnt need to is just my opinion but you will most likely be reaching 200 million plus shares unless there are high value raises. Where I like this is that New Wave will not dilute it's new wave shares when monies is needed for Wow as they will be doing the raises etc. The question is will New Wave do the same for Bloom? I 100 percent think so this is where a lot of dilution will likely happen but instead of raises at a nickel or whatever it will be at current trading value so theoretically I am expecting the company to have less than appx 120 million as they had before. Let's see where things go.