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but after backdoor listing, they would offer an IPO of at least...

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HenryBui

270 Posts.

9

16/05/18

16:05

Post #: 33138721
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Originally posted by Pocket Money ↑

You will keep them but you effectively lose it all.
If you own 500,000 shares today at last sale price of $0.005 your investment is worth $2,500.
If there is a back door listing or some other scheme of arrangement there will be a capital consolidation.
If it is a 1 for 50 consolidation your 500,000 shares will become 10,000 and at the same last sale price of $0.005 will be worth $50. Yep $50.
But there is no hope as far as I can see except for a back door listing.
At least you get to have 10,000 shares in the new company and they may be valuable one day.

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but after backdoor listing, they would offer an IPO of at least $0.2/share right? that would give $2000.00 value

CMY Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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