Flow Capital Corp (FW.V) (fka fw.v)

[Buckey]

yepper me too

[ottoman]

I just received 9 cents for my 1 post-split share of Flow Captial Corp from Etrade.

Etrade still charges me $2.95 for penny stock commissions, so lost on this turd play.

[ottoman]

I still have 1 share of FLOW CAPITAL CORP. showing in my Schwab account. no cash out yet. maybe we'll still get our roundup?

At least stock symbol BOZZ had it's after-reverse split treatment updated on Daily List. Not so with Flow Capital. I would hope it's not official unless FINRA states the new treatment via daily list, rather than just a press release by company.

so hoping we get the round up to 12,500 shares.

not holding breath though.

[ottoman]

damn, I wonder if that will stand. that's pretty sleazy if that's allowed. Not sure about "foreign" companies trading on American exchanges, but if Finra still has to approve the conditions of the reverse/forward split, how can the company then come out AFTER the market closes and says, "PSYCH!!" we were just kidding, we got you to buy our stock under false pretenses ha!"

There is no update from FINRA on the daily list about a change in the treatment of fractional shares, (I've seen updates/changes on daily list many times about such issues) That tells me we should still get the 12,500 post Reverse/Forwad splits.

Should and will are rarely the same thing in OTC land

[Buckey]

Yep. No worries . I dont ever expect them to work out anyway.

[Renee]

Rats....the company's 40 watt light bulb kicked in. As you say, "LOL, oh well."

[Buckey]

NEWS AFTER CLOSE THE DAY BEFORE EX DATE CHANGED THE ROUND UP TO CASH OUT LOL OH WELL

ORIGANL NEWS AND SAME AS DAILY LIST

2020-06-05 19:55 AT - Rollback
Shares issued 77,694,674
FW Close 2020-06-05 C$ 0.12

Pursuant to a special resolution passed by shareholders on May 26, 2020, the company will complete a share consolidation and subsequent stock split. The company will consolidate its common shares on a one-new-for-25,000-old basis. All fractional share positions resulting from the consolidation will be rounded to the nearest whole share. For small shareholder arrangements, please refer to the company's information circular dated April 20, 2020. Immediately after the consolidation has taken effect, the company's common shares will be subdivided on a 12,500-new-for-one-old basis. The name of the company has not been changed.

THEN

2020-06-08 21:11 AT - News Release
Shares issued 77,694,674
FW Close 2020-06-08 C$ 0.12

Mr. Alex Baluta reports

FLOW ANNOUNCES PROPOSED CONSOLIDATION AND SUBDIVISION

Flow Capital Corp. has received all necessary approvals for its previously announced consolidation of the common shares of the company on a one-for-25,000 basis and subsequent immediate subdivision of the common shares on a 12,500-for-one basis.

At the effective time of the Consolidation, the Common Shares will be consolidated at a ratio of 25,000 pre-Consolidation Common Shares for every 1 post-Consolidation Common Share, and thereupon any holder of less than 1 post-Consolidation Common Share will cease to hold Common Shares and will be entitled to be paid cash consideration equal to that number of pre-Consolidation Common Shares held by the holder multiplied by an amount equal to the volume weighted average trading price of the Common Shares for the ten trading days immediately preceding the date of the Consolidation, rounded down to the nearest whole cent. Immediately following the completion of the Consolidation, the post-Consolidation Common Shares will be subdivided on the basis of 12,500 post-Subdivision Common Shares for each 1 pre-Subdivision (post-Consolidation) Common Share.

[Buckey]

I will do that - see BRKK - I didnt play it but I would of - restricted in Canada It worked out ok for most but many had ridiculous expectations. I had a bunch ina row work out 10-15 years ago then a few didnt - a few in last ten years worked out ok. Overall way up %age wise on the round up plays as a group

[Renee]

Wouldn't that be lucky. Best o' luck. Let me know how the R/S and simultaneous F/S work out for you.

[Buckey]

WELL I PLAYED THE SPLIT BOUGHT BOTH AHFCF on OTC AND FW in Canada in numerous accounts

i see 115 trades on OTC and 86 on cdn exchange so 200 . I doubt they will honour the round up to 1 and a f/s of 12,500 shares

[Renee]

Flow Capital Corp., AHFCF on the U.S. OTC: effective June 9,2020 a one for 25,000 reverse split immediately followed by a 12,500 forward split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes