RBI Ventures Ltd. V.RBI.H

Thoughts on Livewell and RB

[Duker1]

Thoughts on this ???

[10bags]

Well, this all speculative but still verrrry interesting. There is no LiveWell.ca but there is https://livewellfoods.ca/about/ which is in the MJ business: "LiveWell is planning on developing two state-of-the-art production facilities with more than one million square feet of greenhouse production capacity"

[10bags]

And here's the news release about the qualifying transaction... https://globenewswire.com/news-release/2018/01/16/1289996/0/en/Percy-Street-Capital-Corporation-Announces-Qualifying-Transaction.html

[Jasonthevet]

I see Percy values them at 50M. Let's say the RTO happens with them and RB, can we expect share pice to jump 25x to equate to the value of Livewell or more?

[stockdiver12345]

https://www.blakes.com/English/Resources/Pages/Going-Public-in-Canada-and-Listing-on-the-TSX-and-TSXV.aspx

[EnisaD]

Yes that’s the company , they sell hemp as well .They have a deal with Canopy plus CBW . I would be happy if this was the RTO !cheers 

[Stocksbingosame]

Won’t livewell be s public traded company after the qualifying transaction?  Why would they need an rto after that.  I might be wrong but I think that’s s different transaction.

[stockdiver12345]

this is not a capital pool company. 

[Stocksbingosame]

No but Percy street is.  

[stockdiver12345]

Then Percy street does not need to do an RTO

[stockdiver12345]

https://www.investopedia.com/terms/c/capital-pool-company-tsx-venture.asp    

[EnisaD]

Exchange Policy 2.4 – Capital Pool Companies Under Exchange Policy 2.4, a capital pool company must complete a Qualifying Transaction within 24 months of listing. Percy Street was listed on January 12, 2016. Trading of Percy Street’s common shares was halted on January 12, 2018 at the request of the Corporation. However, Percy Street’s “halted” status will change to “suspended” on January

[stockdiver12345]

There is actually a serious connection here though. 

[Jasonthevet]

A company just doesnt become publically traded after a qualifying transaction when its approved. They need to go through the same process as any other company to go public, either through an IPO or RTO

[stockdiver12345]

That’s what we are implying. The process is not actually referred to as an rto however. Phase 2 in the link I provided clarifies the procedure. 

[stockdiver12345]

If the speculation is correct, the turn over on our investment would happen fairly quickly.