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Bullboard - Stock Discussion Forum Carcetti Capital Corp V.CART.H

Alternate Symbol(s):  TPNEF

Carcetti Capital Corp. is a Canada-based company. The Company is focused on seeking a new business opportunity.

TSXV:CART.H - Post Discussion

Carcetti Capital Corp > Approval meeting on Monday December 19
View:
Post by nozzpack on Dec 15, 2022 10:04am

Approval meeting on Monday December 19

December 19, 2022 at 2:00
Comment by nozzpack on Dec 20, 2022 2:06pm
It's all approved and we get $0.03 per share in cash and shares in the stub. After the reorganization of capital, the stub ( NewCo ) will have nominal cash and will seek out new opportunities that will require additional capital. As I have posted earlier, it's quite likely that one or more of the shareholder groups have their ducks lined up. Initial funding could be by way of a rights ...more  
Comment by Goldman1234 on Dec 20, 2022 8:57pm
Is there anyway to know what the share value of the new company will be ?   Or at least an estimated guess ?
Comment by JustforFun7 on Dec 21, 2022 11:11am
Literally zero until they recapitalize after the distribution. Since the new company is still a public company, yo will find out when it happens. JFF7
Comment by nozzpack on Dec 21, 2022 4:31pm
Let's  put it this way once again. All shareholders are getting 3 cents per share in cash, including the two majority shareholders . Like them, we have a very shrunk stub in terms of shares . The two major shareholders  are going to acquire a very good asset, make no doubt about that and their VC Guy probably has one or more ducks lined up. There are lots of good undervalued ...more  
Comment by Goldman1234 on Dec 22, 2022 12:07pm
Why would anyone sell this at 0.025 when you will get 0.03 paid in January ?   Other than needing tax loss, seems like a stupid thing to do. 
Comment by JustforFun7 on Dec 22, 2022 6:20pm
as they tell you, there should only be one reason to buy but there is always a lot of reasons for selling. A lot of them make sense to the individuals who know their own circumstances.  (and no that wasnt me that sold 400K at .25 ) JFF7
Comment by JustforFun7 on Dec 22, 2022 6:53pm
just to be clear, this is how I see it. the nominal value (almost zero) is held in the old shares.  with any new capital raised the value of that capital will be placed in the new shares.  To particpate in those new shares, you will need to provide new capital. If the company develops substantial worth, you will have had to put up new capital to participate in that growth by buying ...more  
Comment by Johnnyboy851 on Dec 23, 2022 2:24am
I believe the new shares in the reorg will be equal to the number of old shares held. There will be a 300 for 1 roll back of the new shares in the new company for a total of about 1 million shares outstanding.  If they have plans to raise capital, there will be dilution of the new shares.
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