I haven't posted on this site for a long time but I do follow stocks for better or worse and browse through the posts. What actually amazes me is some of the comments made demonstrate a total lack of financial understanding by some of the posters. Seuss is an example par excellence.In this case CHF are obviously dealing with a backdoor listing or reverse takeover (RTO).The implication of this normally involves dome sort of share reconstruction, management strengthening to reflect the new nature of the new business and financial recapitalisation. All agreed to by shareholders.Management always needs shareholder approval for these deals. This is the check and balance in the listed market.What CHF or any other company going through this process looks like post RTO is quite different from what is there today.
Comments from the financially illiterate Seuss almost seem to me malicious in their ignorance.
CHF Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held