Eve & Co Inc V.EVE.H

Eve & Co Announces 10 To 1 Share Consolidation

[AwareInvestor]

Eve & Co Incorporated has finally filed for its previously announced share consolidation to take effect. The consolidation, or reverse split as its commonly referred to among retail investors, is set to take effect as of market open on December 31, 2020.

https://thedeepdive.ca/eve-co-announces-10-to-1-share-consolidation/

[Phileagles11]

Who the hell is going to buy shares @ $0.50 on a company with a market cap of just under 16M?

[bennyy73]

Haven;t seen it yet work in favour of the shareholders. We just got screwed.

[Phileagles11]

It has worked in the past but it won't for this company. Can someone please explain to me what is the benefit/reason for this share consolidation? It's usually done to increase the share price and attract investors but we're going to see even lower trading volumes (if that's possible) with the higher share price. These idiots have absolutely no idea what they are doing and I'

[MJVigilante]

i can only guess, but if i were a betting man, i would bet that either they are going to turn the corner and are looking at listing in a bigger exchange, or that one of the contacting parties required the stock trade at higher prices, such as the over the counter provider in the states. I only keep my sanity knowing that it wont be until the middle / end of this year (2021) before i can see if

[MJVigilante]

Just to be clear i do believe that this is not a good move unless mandated.  300 million shares O/S is a reasonable amount.  I would really like some additional clarification as to motive.  I think share price will suffer offering a more attractive entrty point in the coming days.  Good luck to all.

[MJVigilante]

looks like they already secured 1 million.  Lets see if they get the 2nd, or are able to survive without.  We will know alot when Q1 is released in May? I thought the stock would have had a worse reaction to the consolidation.  Good news i guess, hope it lasts intop the new year.