Reitmans Ord Shs V.RET

Uplist to the tsx..

[pennylane101]

Any ideas as to when Reitmans will uplist to the TSX?   Could it happen before or after the interim statements in September?  A catalyst just about now would be good.

Oddly enough, still no word on the imminent departure of Andrea Limbardi as president of Indigo. Hopefully they'll shed some light on this at the first conference call on Aug 11. 

[filoux004]

This limbardi transition is definitely strange. Could a merger with indigo be in the cards??? I don't think markets would take to kindly to that marriage given Indigo's debt and recent quarterly losses. Drum Roll, long Reitman. Glta

[pennylane101]

Hey Filoux, If a merger were to happen, and this is a big if, I would think an Onex buyout would be more likely.  Onex has very deep pockets. Last I checked, Reitman's book value is $5.34.  I would expect a generous premium above this. On a side note, someone has been desperately trying to load up on the voting shares at $3.50. No can do, bud.  ;0)

[filoux004]

Interesting angle...something is definetetly brewing with Reitmans sr.mgmt exercising and selling their options given their were opened till may 2025? Plus Indigo has yet to announce the departure of Limbardi. 

[savyinvestor333]

Maybe she will be like Elon Musk and Jack Dorsey and run both companies at the same time.

[filoux004]

Not sure I understand yr comment. Mr Dorsey is no longer heading twitter now X

[savyinvestor333]

He was running Twitter and Square at the same time.

[filoux004]

Thanks....