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Bullboard - Stock Discussion Forum Chrysalis Capital IX Corporation V.NYN.P

TSXV:NYN.P - Post Discussion

Chrysalis Capital IX Corporation > "sloppy" share structure
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Post by Chefboy69 on May 03, 2015 4:28pm

"sloppy" share structure

Shell Summary for April 30, 2015
 
 
2015-04-30 21:15 ET - Market Summary
 
 
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
 
Here is a sample of this item:
 
by Stockwatch Business Reporter
 
The TSX Venture Exchange fell 1.37 points to 696 Thursday, ending the month up 15.93 points. Robert Munro and Marc Lavine's halted capital pool shell, Chrysalis Capital IX Corp. (NYN), is planning a qualifying transaction with Inspira Financial Inc. that has produced plenty of interest from investors and will produce plenty of cheap paper for sale when this deal closes.
 
Yesterday, Chrysalis said it planned to roll back its shares 1:1.765, which would leave it with about 6,142,210 postconsolidated shares, and then issue hundreds of millions of shares to Inspira's shareholders (over 200 of them, not one with even 10 per cent) such that the new company will have 294,690,110 shares outstanding when the deal closes. There will be an additional 183,956,844 shares that will be "reserved for issuance pursuant to convertible securities of the resulting issuer." (A word comes to mind: sloppy.) Despite Chrysalis's report of a 1:1.765 rollback, the shell has sent a proxy to shareholders asking them to approve a rollback of up to 1:20 at an upcoming meeting on May 22. They will also have to approve changing the company's name to Inspira Financial Ltd.
 
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Comment by BaystreetBrian on May 03, 2015 7:31pm
Chefboi, let the business men worry about share structure, you do what you do best, bash great stocks and invest in garbage ones. 
Comment by Chefboy69 on May 03, 2015 8:07pm
your an idiot...all you do is bash me...and with nonsense too...Business men???lol a true buisness man wouldn't spend his time trying to bash another poster... I posted a link... not my fault if you don't liek facts
Comment by BaystreetBrian on May 04, 2015 5:56am
Chefboi, you follow me around, on every board I post on, you follow. That's just creepy dude. Please get a life and stop stalking me.
Comment by ForesstGump on May 04, 2015 9:14pm
This post has been removed in accordance with Community Policy
Comment by NaturalNine on May 04, 2015 9:26pm
It's up to 1:20, if at all. Likely they will but I'd be surprised with 1:20. 
Comment by ForesstGump on May 04, 2015 11:15pm
This post has been removed in accordance with Community Policy
Comment by BaystreetBrian on May 05, 2015 5:54am
agreed.
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