Carbeeza Inc Com V.HIT

HIT message from BB

[kawasaki1700]

This is what I got from HIT.
Trading will resume when The transaction has closed. Thx bb

HIT TECHNOLOGIES TO ACQUIRE CARBEEZA Vancouver, British Columbia – June 24, 2020 – HIT Technologies Inc. (the "Company" or "HIT") (TSXV: HIT) announces that it has entered into a binding letter of intent (the "LOI"), dated for reference June 8, 2020, pursuant to which, subject to regulatory approval including that of the TSX Venture Exchange (the “Exchange”), the Company has agreed to acquire all of the issued and outstanding securities of Carbeeza Ltd. ("Carbeeza"), an arm’slength party, by way of a share exchange, a three-cornered amalgamation or other similar form of transaction (the "Acquisition")

 

[kodiakup]

-It's missing of information ... if I understand correctly ... the shareholders of HIT.TO will not receive anything ... only the shareholders of CARBEEZA receive shares ...  -Acquisition The LOI contemplates a share exchange, a three-way amalgamation or other similar form of transaction, pursuant to which Carbeeza will become a wholly-owned subsidiary of HIT on closing.

[MakeMoney2000]

So probably a couple of month's or years before resumption.....! Bad things for investor they want to recovery a portion of the investment in this bad conpny. They did sale hitcase in Best buy store and amazon and online....etc.? Poor investor I have 300k share at .03 and now 15k at ?????

[kodiakup]

- What I understood from this transaction..is that just before the transaction he will do a 50/1 reverse split  and then the shareholders of  CARBEEZA will share 40,000,000 shares at 0.40 ¢ / shares  (  It is also a condition of the proposed transaction that HIT complete a consolidation (the 'Consolidation') of its existing share capital on an

[MakeMoney2000]

For me in my account the ratio is 20 for 1. I have 300 000 shares before consolidation and now 15 000 shares. The transactlon with Cabreeza it's not simple and it was difficult to people understand. Maybe the company need to explain to it's shareholder's in a news release. My English is not good so if someone here want to call Brooks and ask to him explain detail about the transaction.

[kodiakup]

In my opinion you will only have 300 @ 0.40 ¢ left after the  reverse split...

[MakeMoney2000]

But I see right now 15 000 shares at .10 in my Disnat account. Before consolidation I have 300 000 shares at .005 I pay 9 000.00$ for this scrap

[MakeMoney2000]

This is why they need a news release by the comoany to clarify the situation for all shareholder's.

[kodiakup]

- One thing is for sure .. is that you will be  to lose in this transaction, really sorry for you.. - there was a guy on this forum who had 5,000,000 shares .... i would be curious if he still has them .. because he was chatting a lot with BB  ( strangely )