Re: Third Eye, AHA, US Listing
in response to
by
posted on
Sep 08, 2019 01:13PM
"I know this may not be the popular thought here but, was the share consolidation idea actually put forward in order that we would have a consolidation and then recapitalization (share issue) in the event that BETonMACE did not pass statistically significantly? Hoping that I am dead wrong in that possibility, are we going to see this consolidation wording in our notice of meeting in the next month? And for the same reason?"
To my knowledge, there was never any suggestion of a recapitalization (share issue) in conjunction with the authorization for a potential share consolidation (if even required). Since the current shareholder approval for potential share consolidation expires in a few days, then I would imagine that the notice of meeting for the October 31 AGM may seek to renew this approval again. Unless the top-line comes out before notice of meeting with BETonMACE results and share price appreciation that removes any need for share consolidation.
BearDownAZ