Reitmans Ord Shs V.RET

Why ?

[Tictac99]

Can anyone tell me what the point is for Reitman's to keep the stock on the Toronto Venture Exchange with so few trades per day ? Instead of having it traded directly on the Toronto Stock Exchange with a greater number of transactions?

[filoux004]

No idea, instead of paying 10k a month to some pr firm that would cover their listing fees and guarantee instantaneous greater visibility especially with the Dynamite IPO.  On that subject,  last conference call they stated because of their 2 class share structure it would be a non starter with the TSX. Well guess what...Group Dynamite is going to the TSX with 2 Classes of Shares at a

[Lllennn]

They have too many problems to go into Royal Mount imo and even more problems IF they wanted to up list imo They won't let them in it's just to much risk and unknown, foot print shrinkage market share lost so NO Chance going anywhere, all they have is issue 4 million more shares over next 24 months even if they less than $3 imo 

[savyinvestor333]

You kept seeming to forget $100 million cash and $0 debt in your ramblings

[savyinvestor333]

And that is not Imo It is FACT

[savyinvestor333]

And that is not Imo It is FACT

[Lllennn]

cash is only worth 12 months, so when they announce it has 12 month self life, its a real problem, foot print shrinkage means its not a growth story, alot of brands have gone and imo one is not a business model so it has no worth, at this time best to roll all into the one brand store of Reitmans to stop canabalism of stores IMO. Only way they making $'s is thru stock Issue 4 million X 3-2.50

[savyinvestor333]

You'll  have to explain the "cash gone in 12 months" part to me. In Sept 2021 they had $90 Million cash and  last quarter they hreported $124 million cash.

[Lllennn]

how did it get to 90 and where was it before 90? 130ish? Rinse repeat, big risk it wont return from 90 cause CDN weakness, 130 is just merchandise replacement imo it may not return thats the big risk here imo Replacement cost unknown imo

[savyinvestor333]

Ok I like to deal in FACTS not opinions.

[Lllennn]

I thought it had gone from 130 to 90 to 100? But still only good for 12 months out, next Q it will be that # for 12 months, that's how much risk, within 12 months it can all be gone to zero imo, then insiders would lean money until debt holders would become new shareholders imo I've seen it so many times imo they have way to many stores which burns cash imo. You think Ret selling 800

[Lllennn]

ill grant you have hope, But Hope in here is a dangerous thing, you could get trapped like a Rat on sinking ship and get diluted to 2/100 x your Shares. Time to wake up! They bought 15 million shares at $3 sliding to bottom, but now your saying its ok they sell @ 2.65 ish and not buy any back under $2.60? while they have all this mountain of Cash you keep saying? So your saying it was worth $3

[nedstar71]

Interesting point.  I would presume that dual share class listings are still allowed and Groupe Dynamite is including the required coattail provision with all shares having the same rights in the event of a takeover offer. I'm not 100% sure but I presume Reitman's is unwilling to agree to that provision and hence the reason the TSX won't allow them to uplist with the two classes.&