We have all herd the following two statements made by CN
1. The share price will look after itself
2. Big investors only like investing in stocks over a $1.00
So whats CN's plan?, one option is as follows
a) Consolidation of 1 share for every 34 shares held, new share registry reduces down to 176 million shares from 6 billion wow!,
"what a win for shareholders!"
b) Share prices goes up by 34 times (4.5*34=$1.53) hence now the share is worth $1.53
"what a win for shareholders!"
c) The SP may then drop a little ....lets say to $1.15, shareholders can still have their dollar party
"what a win for shareholders!"
d) CN can then do a CR at fantastic price $1.09 rather than 4.0 cents
"what a win for shareholders!"
e) The big end of town could come in and invest at just over a $1.00
"what a win for shareholders!"
f) CN and other directors can convert their employee options at 10 cents and registry increase by a few hundred million.
"what a win for shareholder!"
Everyone get what they wanted? sort of ............CN should have said the directors will look after themselves instead of the SP looking after itself.
If I was CN the above would be my plan so CN whats yours?......and fingers crossed is not plan CN
Zip OFL
If you haven't guessed IMHO in very loud typing!
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Open | High | Low | Value | Volume |
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---|---|---|
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No. | Vol. | Price($) |
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1 | 47555 | 0.495 |
2 | 29755 | 0.485 |
4 | 89930 | 0.480 |
2 | 70000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
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0.520 | 109910 | 3 |
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