Those CN's offer at greater than 50% discount to the current SP would likely be sold, they are an absolute bargain if they are converted and sold at double the price and higher than half price.
IMO the real reason for the timing of the consolidation and that's to allow the CN's shares to be sold otherwise there's no way the capital could be raised.
IMO this will be to the detriment of the SP after consolidation and to existing shareholders.
Now more shares can be issued again if liquidity improves all the why down again?
Why were shareholders not given the opportunity to purchase CN's that is the question I'd like answered?
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