Post by
swyint123888 on Feb 16, 2021 5:05pm
From the Ronin Update NR, Going Ahead With It
The above actions are subject to a number of approvals including the TSX Venture Exchange, plan of arrangement to spin the entity out to our shareholders, and potentially shareholders approval. Datametrex will continue to provide updates to the market as the process progresses including information about the structure of the financing and transaction.
Some questions for the more smarter when it comes to these things and that aint me......I'm guessing this spin will have to underwritten by someone and a valuation placed on it to determine the amount of shares and such........Does the price of DM matter when the time comes to get Ronin active and our free shares in our hands, is higher or lower to their advantage or just doesn't matter.........
Comment by
Kpitreal on Feb 17, 2021 8:46am
They will calculate fair value for Ronin and DM shareholders will get that percentage of the spin off, my guess. We have nothing but good news and time on our side. Long DM.
Comment by
frewil11 on Feb 17, 2021 9:18am
L 2 looking better , for now anyways.