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I have an e-mail directly from the Transfer Agent verifying there was 1.67M shares O/S. I've kept the e-mail.
$RYSMF
The PPS should be set at $4.98 before the open on Monday. The PPS closed at .009 on Thursday & the split took effect yesterday. So, 553 x .009 = $4.98. The value of your shares should be the same as the close on Thursday. So, I had 200K shares at .009 which was valued at $1,800. Now I have 361 shares post split. So $4.98 x 361 = $1,798. My value now is showing $45. (361 x .125 = $45).
$RYSMF
Good question. This is totally fucked up. Never seen anything like this B.S..
Maybe, if the PPS doesn't adjust I'll be calling them first thing in the morning to return my 200K shares. I don't care about the R/S but I want the same value.
I’m wondering if there is some confusion on part of the brokers as FINRA filing stated Cusip change today , and 553 to 1 RS done months ago?
It is the same thing. Your previous shares will be reduced. Some brokers are just slower than others.
It's a consolidation not split...I dont think there will be a pps adjustment other then the market adjusting it
John, could you sell any of your previous shares you owned today? Did anyone try to sell their shares that they didn't buy today?
FINRA just stated CUSIP change. I had all my shares until around 3:00 when they were reduced without PPS adjustment. OTC markets & the TA stated 1.67M shares O/S for months. This is some illegal shit going down here.
It is going to split today. I just got off the phone with TDA. The PPS will be adjusted. I told the associate that my shares were reduced but not the value (PPS). I told him I've never seen anything like this kind of B.S..
Another problem. This company doesn't trade on any Canadian Exchange. So, that theory is false as well.
One small problem. PPS never adjusted to split. You cannot split shares without PPS adjustment.
My shares just converted from 200,000 to 361. My value is now $10. Time to call my broker. This is some illegal sh*t going on here. I bought all my shares after the supposed split.
No, I haven't bought any today. I can buy today & sell those shares immediately if wanted. My previous shares are held up due to the CUSIP change. Have to wait for my broker (TDA) to get the new certs from the TA before I can trade those again.
$RYSMF
I've been buying shares since Oct to present time.
I have TD Ameritrade as well. I can't sell my previous shares I owned of RYSMF. It is showing under number 780919106 instead of the symbol. Also, it shows the same amount of shares I previously owned & the value of those shares from the previous close.
$RYSMF
Merry Christmas & Happy New Year to you as well Bones. I'm expecting to hear merger announcement sometime early 2019. Enjoy your vacation!!!
$RYSMF
Nice find. I remember this statement from this previous shareholder who held shares before the consolidation period.
$RYSMF
Correct John, RYSMF hasn't traded on the Canadian Exchange since 2009 when it voluntarily delisted. The statement below is on the bottom of page 20 from their Annual report (20F) filed with the SEC. Link provided below of SEC Form 20F.
https://www.otcmarkets.com/filing/conv_pdf?id=12903721&guid=cUnbUePydbHK43h
The common shares of the Company are quoted on the OTC Bulletin Board underthe symbol “RYSMF.” The Company’s common shares were previously listed and traded on the TSX Venture Exchange (the “TSXV”) and were voluntarily delisted from the TSXV effective May 11, 2009.
$RYSMF
#4 on Breakout Boards. Lots of interest here now especially at these low prices. Bring the Merger news!!! Now is the time especially with HEMP about to be legal next week when Trump signs the Farm Bill.
$RYSMF
Plus, Insiders own 91% of the O/S. Merger news with HEMP/CBD company will send this to .10 easy with either share structure. It would go to dollars with the 1.67M O/S.
$RYSMF
Would you call this pumping from GW this morning before this stock tanked?
No dude tell them dont buy big buys , small buys.keep this under the radar everyone already has fear in there. Super buying opportunity if u buy big they will buy these prices and not put any on ask . Lock this up $10 plus stock easy u already know u called multiple sources. Call me in an hour moving money now .
Bring on the Merger news!!! Now would be a great time for a private HEMP/CBD company to go public with Trump about to sign the Farm Bill which legalizes Industrial HEMP/CBD. I know the perfect ticker for a company to do the R/M with: RYSMF : )
$RYSMF
Definitely looks like a market sell & possible cross-over trade between Market Makers at .0016 for the million plus shares. TA must be lying as well. LOL - I believe that would be illegal.
OTC and finra work together. Otc must be lying..
I was here then also & remember one of the members complaining about it as well.
There was someone on the board way back when I first came on it said his shares have been divided by 533 and he was complaining about this and that
I added some at .0085. I was out on my lunch break when I noticed this collapsed.
$RYSMF
Even if true, no sense on doing a R/S that massive until merger is completed. Doing a R/S now with an empty shell will just bring the PPS back to pennies. Something got messed up with the consolidation. The PPS went from .65 to .0009 the next trading day. Can anyone explain that? Are there any shareholders on the board who owned shares before the consolidation supposedly took place? Did they process a F/S by accident?
$RYSMF
How could it be done in Canada? This company doesn't trade on any of the Canadian exchanges. It only trades on the US OTC. TA verified the O/S yesterday & the filing states from 1 Oct the O/S was 1.67M. How could both the filings & TA confirm the O/S at 1.67M if the consolidation never took place? If it didn't happen then the filing would have to state 920M O/S & the TA would definitely know the correct figure.
Just spoke with Carmelo, 553 R/S coming to U.S. Already done in canada but not U.S.
Totally fcknnnn sucks
Not many shares available for sale from retail. Mostly counterfeit shares being sold by MMs. Merger news will send this flying!!!
$RYSMF
Currently #2 on Breakout Boards with zero volume. Interesting. lol
$RYSMF
I got the same numbers back from the TA today as well.
-------- Original message --------
From: +TMXE Investor Services <tmxeinvestorservices@tmx.com>
Date: 12/12/18 11:30 AM (GMT-05:00)
To: XXX@yahoo.com
Subject: Re: [EXTERNAL] Transfer Agent Services
Hello Jeremy,
1,665,119 outstanding shares for Royal Standard Inc.
Regards,
Investor Services
TSX TRUST COMPANY
E tmxeinvestorservices@tmx.com < Caution-mailto:tmxeinvestorservices@tmx.com >
TOLL-FREE 1 866 600-5869
T + 416 342-1091
F + 416 361-0470
M 301 – 100 Adelaide Street West, Toronto, ON M5H 4H1
For more information, visit the Investor Centre Frequently Asked Questions (FAQ) page:
Caution-www.tsxtrust.com/resources/investor-centre/faq < Caution-http://www.tsxtrust.com/resources/investor-centre/faq >
TMX | Caution-www.tmx.com < Caution-http://tmx.com/ >
On Tue, Dec 11, 2018 at 3:21 PM <XXX@yahoo.com < Caution-mailto:XXX@yahoo.com > > wrote:
Good afternoon
Yes, Im looking for the issued & outstanding share amount.
Thank you, Jeremy
The PPS was adjusted but in the opposite direction. Check out the PPS on 2 July & then look at the PPS on 5 July. Something got messed up along the way. We could see a huge increase in PPS once correction is fixed since our shares were bought after the consolidation period. We need a shareholder update from the company to clarify the situation & if they have a candidate for reverse merger into this shell ticker.
$RYSMF
Insiders own 91% of the O/S before & after the split.
$RYSMF
Completed as stated in the 1 Oct 2018 filing.
https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00002557&issuerType=03&projectNo=02827729&docId=4396065
During the six months ended July 31, 2018, the Company announced that Lonnie Kirsh resigned as a director, Chief Executive Officer and President of the Company. As a result of Mr. Kirsh’s resignation, the Company has appointed Carmelo Marrelli as President and Chief Executive Officer of the Company and has appointed Lisa McCormack to the board of directors of the
Company.
In July 2018, the Company completed the share consolidation of its issued and outstanding common shares on the basis of one post-consolidation common share for every five hundred and fifty-three pre-consolidation common shares. All applicable references to the number of shares and per share information has been restated to reflect the effect of the share consolidation, unless otherwise noted.
ROYAL STANDARD EFFECTS SHARE CONSOLIDATION
TORONTO, ONTARIO – July 4, 2018 – Royal Standard Minerals Inc. (the “Company”) announces that effective July 3, 2018, the Company filed articles of amendment to effect the consolidation (the “Consolidation”) of all of the issued and outstanding common shares (the “Common Shares”) of the Company on the basis of one (1) new post-Consolidation Common Share for every five hundred and fifty-three (553) existing pre-Consolidation Common Shares, as approved by shareholders of the Company at its annual and special meeting held on May 24, 2018. The Consolidation reduces the number of outstanding Common Shares from 920,835,502 to approximately 1,665,163 and proportionate adjustments will be made to any of the Company’s outstanding convertible securities. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional
Common Shares that would have otherwise been issued will be rounded down to the nearest whole number and cancelled. Letters of transmittal with respect to the Consolidation are being mailed to the Company’s registered
shareholders. All registered shareholders will be required to send their share certificates representing preConsolidation Common Shares, along with a properly executed letter of transmittal, to the Company’s registrar and transfer agent, TSX Trust Company, in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary for assistance in depositing their Common Shares in connection with the Consolidation. A copy of the letter of transmittal will be posted on the Company's issuer profile on SEDAR at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Royal Standard Minerals Inc.
Carmelo Marrelli
President & Chief Executive Officer
Tel: (416) 848-0106
Email: carm@marrellisupport.ca
https://www.sedar.com/CheckCode.do
I thought I remembered one of the shareholders here mentioning having very few shares left after the consolidation.
$RYSMF
The consolidation has taken place. I'm wondering if some brokerage firms haven't adjusted their clients accounts. If their clients sold those shares they will have to buy them back to return. Is their any shareholders on this board before the consolidation took place?
Yes, the PPS would have to be adjusted accordingly or they would have to pay you cash for those shares. They cannot just take shares away from you because they want to consolidate.
They got back to me but I'm at work. I sent them a reply back asking for the O/S. You would think they would have known that when I asked for the share structure. Jeez
-------- Original message --------
From: +TMXE Investor Services <tmxeinvestorservices@tmx.com>
Date: 12/11/18 2:38 PM (GMT-05:00)
To: XXXXXX@yahoo.com
Subject: Re: [EXTERNAL] Transfer Agent Services
Hello Jeremy,
All TSX Trust Company can provide that is the issued and outstanding share amount. Kindly confirm if you are requesting this information.
For your reference all financials and corporate reports are made available on Sedar. Direct link as per below:
Caution-https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00002557
< Caution-https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00002557 >
Any further questions should be directed to the Royal Standard Minerals Inc.
Regards,
Investor Services
TSX TRUST COMPANY
E tmxeinvestorservices@tmx.com < Caution-mailto:tmxeinvestorservices@tmx.com >
TOLL-FREE 1 866 600-5869
T + 416 342-1091
F + 416 361-0470
M 301 – 100 Adelaide Street West, Toronto, ON M5H 4H1
For more information, visit the Investor Centre Frequently Asked Questions (FAQ) page:
Caution-www.tsxtrust.com/resources/investor-centre/faq < Caution-http://www.tsxtrust.com/resources/investor-centre/faq >
On Sat, Dec 8, 2018 at 10:23 AM Jeremy <xxxxx@yahoo.com < Caution-mailto:xxxxxx@yahoo.com > > wrote:
Good morning,
I'm a current investor in ticker symbol RYSMF (Royal Standard Minerals Inc.). Could you please provide me with the most current share structure of the company?
Thank you & have a great weekend!!!
Sincerely, Jeremy
I haven't got a reply back yet. I will follow up if no reply by tomorrow.
$RYSMF
Either way, this stock is extremely undervalued & should be trading in the pennies with its patents alone. Plus, they just signed a multi-million dollar deal with Ridgway which could be substantial if successful.
Inspyr and Ridgeway will collaborate on certain aspects of development which will include a minimum level of purchased services by Ridgeway within 18 months of this transaction. In addition, Inspyr is eligible for approximately $12 million in success-based milestones from the Transaction. Inspyr is also entitled to receive royalties on all commercial sales. In the event Ridgeway sub-licenses these assets, Inspyr is entitled to share in the proceeds of any future transaction.
$NSPX
Thanks. I just read the last 8K of the financial agreement. It appears a portion of the Senior Convertible Debentures have been issued shares (18.725M) from the SC 13G filing.
$NSPX