TSXV:DXI.H - Post by User
Comment by
BobTheKnob2on Sep 10, 2020 2:31am
324 Views
Post# 31531741
RE:RE:RE:RE:RE:RE:Sell or stay
RE:RE:RE:RE:RE:RE:Sell or stayGood call on the SELL.
If you haven't done it already, do it now!! You have one day to get rid of your shares. I further reiterate my statement about hiring a class action lawyer. This guy does not care about shareholders - only himself.
Here is the press release issued after the markets closed today:
DXI Establishes Date of Share Consolidation and Change of Name
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2020) - DXI Energy Inc. (NEX: DXI.H) ("DXI" or the "Company") announces that the name change to "DXICapital Corp.", and consolidation of its common share capital, on the basis of one hundred (100) issued common shares for one (1) new common share, will be effective following the close of trading on September 10, 2020.
No fractional shares are to be issued and any fraction will be reduced to the nearest lower whole share. The name change and share consolidation has been accepted by NEX and approved by the Company's directors and shareholders, respectively.
The Company's shares will commence trading on NEX under the new name and on a consolidated basis at the opening of trading on Friday, September 11, 2020 under the current trading symbol "DXI.H". The new CUSIP No. for DXICapital Corp is 267473106.
Signed:
On behalf of the Board of Directors of DXI Energy Inc. Robert L. Hodgkinson, CEO
rhodgkinson@dxienergy.com
BobTheKnob2 wrote: Given the news from yesterday, and the halt all day today - I would say sell.
That press release was brutal, If memory serves, they decided in the spring that the oil and gas operations in Canada needed to go. Then the news yesterday that the guy running this show decided that he needed the US assets more than the shareholders.
Is there any meat left on the bone?
If I was a shareholder in this company, I would be looking for a class-action lawyer.
ngsmeller wrote: It is hard to belief that the current market value is 2.9 mn$ (sold assets minus debt). It is worth to keep the shares and to see what story BH will tell the shareholders.