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Just trying to keep things straight and narrow. Still a bit rusty from my trading days a couple decades back. If you don't ask questions, you'll never get the answer.
For clarification, I usually call my brokerage house (TD) on any grey areas I am unsure about.
Information is free, trades cost money!
Thanks by the way.
Friends are hard to come by.
Richard.
Being on either or both (in this case three) exchanges will not make any difference. Personally, I have had company's in multiple exchanges that I was/am able to "interplay" and even transfer part or all shares from one exchange to another. All shares issued, exchanges traded on, all excercise the same rights from what the company is issuing/trading on.
In short, we the investors all have the same info and privilege.
Personally, some "free" shares in another company should add value and diversity to our portfolios.
Could see a nice IPO?.
Good luck all!
Richard.
Possibly. Nothing guaranteeing stability atm. Nothing guaranteeing the stocks are going to orbit come Oct 17th. People expected to see a nice jump when Trudeau made the initial announcement of legalization. Instead the market dipped.
Taking things day by day for now.
Looking for clarification on news today. If I am reading this correctly, the Poda deal will entitle shareholders their original Invictus shares and the investors will also be applicable to receive a 1/1 share count of Poda without loosing any Invictus shares?
Example:
If I own 1000 shares of Invictus I would then be applicable to receive 1000 "free" shares of Poda once the deal is complete mid September?
Thanks in advance!
Date: August 21, 2018
INVICTUS ANNOUNCES SPINOUT OF PODA TO ACCESS INTERNATIONAL AND U.S. MARKETS
Symbols: GENE, IVITF
Vancouver, BC -- August 21, 2018 -- NewsWire InvestorsHub -- INVICTUS MD STRATEGIES CORP. (“Invictus” or the “Company”) (TSXV: GENE; OTCQX: IVITF; FRA: 8IS1) today announced the proposed spinout of its wholly-owned subsidiary, Poda Technologies Ltd. (“Poda”), by way of plan of arrangement (the “Arrangement”), in a bid to create a stand-alone entity to conduct business in the U.S. and internationally, outside of the TSXV.
Poda is a zero-cleaning vaporizer system, harnessing innovative technology that can be paired with almost any vaporizable substance including cannabis, tobacco, e-liquids, concentrates, coffee and more. Other pod-based vaporizers on the market today still require cleaning and produce significant waste. Poda vaporizers use patent-pending zero clean technology and offer biodegradable pods. Most importantly, Poda vaporizers will provide consumers with consistent performance.
As part of the Arrangement, each common share of the Company held by an Invictus Shareholder will be exchanged for one new common share of the Company and one Poda common share. Immediately after the Arrangement, the Invictus Shareholders shall be the shareholders of Poda. Each Invictus stock option will be exchanged for one new stock option of the Company and one Poda stock option. Each Invictus warrant will be exchanged for one new warrant of the Company and one Poda warrant. The Arrangement will be affected under the terms and conditions of an arrangement agreement to be entered into between Invictus and Poda (the “Arrangement Agreement”).
The Company has obtained an independent comprehensive valuation report and fairness opinion (the “Report”) on the Arrangement. The Report concludes that the terms of the Arrangement are fair, from a financial point of view, to the Invictus Shareholders. The fair market value of Poda, as at June 30, 2018, was determined to be approximately $1,915,000.
Following completion of the Arrangement, Poda will use its commercially reasonable efforts to apply for and obtain a listing of the Poda common shares on the Canadian Securities Exchange (the “CSE”) or other Canadian stock exchange or quotation system. Management of the Company and Poda will remain the same following completion of the Arrangement.
Subject to execution of the Arrangement Agreement, and receipt of requisite corporate, regulatory and court approval, the record date for the exchange and distribution of the common shares of Poda (the “Record Date”) is anticipated to be on or about September 2018.
All Invictus shareholders, of record as of the Record Date, will be issued a notice from Invictus’ transfer agent, Computershare, with instructions on how to obtain the shares they are entitled to under the Arrangement.
Completion of the Arrangement is contingent on completion of closing conditions associated with the Arrangement, such as requisite corporate, regulatory and court approvals.
For more information, please visit www.invictus-md.com.
On Behalf of the Board,
Dan Kriznic
Chairman and CEO
Jessica Martin
Vice President, Public Relations and Regulatory Affairs
(604) 537-8676
Keep throwing money at this thing but still a long way from Green. Who know's what's going on?
Lot of money tied up in this one.
Good stuff! Not a major player here as well but have taken a beating over the last few months on other companies and need to start seeing some positive returns to counter all the RED.
Nice climb over the last few days for OGI.
GLTA!
Not sure, something or someone is holding this stock down for whatever reason.
Invested under the GENE ticker btw.
GLTA!
Electra Meccanica seems to be heading in the right direction under Jerry's supervision thus far. Decent product and sales are up. NASDAQ listing and a lot of other development's happening.
Will pick-up more shares when the money makes itself available.
"I'll be back" lol eom
Hoping to pull in some profit on the next run.
4,150 shares here at pps $1.71 (that's a lot for me).
Good company, why dwindling down?
Sold my OGI today and hoping to get a better buy in price in the future. Only had a few hundred shares anyway and managed to take a bit of profit.
GLTA!
Thank you. EOM
Congratulations Electra Meccanica for NASDAQ listing! Bought back some shares today from selling a few months back. Wish them and us investors well :)
GLTA!
Can't say I blame you for your feelings toward the company and stock. Sold the vast majority of my shares at over %50 loss and invested into a company with solid fundamentals rather than fluff PR's like ACG.
From what I see, ACG could very well be a scam.
Took a big hit on this "company".
Well is a deep subject.. Personally I bought into the stock prior to the announcement of Gene Simmons being brought into the picture. Not personally a fan of the band KISS but there is a marketing component that can/may be useful.
Fundamentals show this to be a solid company with positive results and money making contracts both nationally and internationaly.
Here to make money like everyone else. Not much of a day trader.
Richard.
Picked up a few more shares today.
Picked up a few more shares the day before yesterday before closing bell. Been holding for a while now as well but managed to bring my pps down a bit. Took a BIG loss on another pot stock with little credibility in comparison to GENE/Invictus.
GLTA!
ATB Financial is a major player in Canada. This is a sound and secure deal.
Alliance Growers Corp. has terminated its non-binding letter of intent with Spyder Vapes Inc. announced on May 29, 2018. The deadline for a formal agreement following due diligence was July 20, 2018. The due diligence was not completed by that date due to, amongst other things, a delay in completion of audited financial statements of Spyder Vapes."
Read more at http://www.stockhouse.com/companies/bullboard/c.acg/alliance-growers-corp#qixvRFxSedHCijmT.99
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aACG-2640675&symbol=ACG®ion=C
Starting to make me wonder about the legitimacy of this company.
Everyday down. Thinking I'll be lucky to recover %50 of my investment at the rate we are going.
Supposedly Petke met with investors and institutions but no names were mentioned or locations aside from city's.
Thinking all of the spaming that was happening a couple of months back on multiple message boards was likely insiders/paid promotion.
There really is not a lot backing up this company and the primary phone contact is forwarded directly to Petke's answering machine with a females voice.
Check and see how many IIROC trading suspensions there have been over the years. Something fishy going on here.
Whoever did the proof reading on ACG's website should re-read and make some corrections.
As far as contracting plantlets for other companies, I have not found or heard or seen anything.
Feel bad for the people who bought in at the $1.20 range and are now stuck in this POS. I'm in the same boat but at a lower pps...
My bad for putting blind Faith in this company.
Slowly being the key word. ACG had another trading halt last week from IIROC... Their stock keeps tumbling. Looks like they missed the boat on many opportunities and the investors are holding the bag.
Slowly dwindling to nothing.
It's just disheartening. This is my last chance of making anything of myself before I am totally disabled. Watching it all go in the sewer is really bringing me and a lot of others down.
Never had the luxury of stability and worked my butt off for nothing. Just worn out, tired and injured. What a life.
Life, the never ending up hill battle.
Will be back at the hospital over the next day or two for more sustained injuries!
See ya all later and good luck.
I guess.. With all the good news in the sector and this company what's with the plummeting prices. Something just not feeling/sitting well.
Took my small earned settlement to invest into the future and looking at it all slowly go away. "Just my luck"
Maybe I should have been taking profits like everyone else instead of being "long and strong".
Feels like the stock is being manipulated. EOM.
We're getting killed on this company/stock. Make a purchase, bid/ask goes down, make a sale, stock goes down etc etc... If this company wishes for investors they might want to do something for it's investors to stay long instead of loose us value on a daily basis.
Loaded up on a few more shares last week and taking more instant loss in value...
Down over %40 in the last few months alone and no end in sight. Any positive progress in sight or is this a syphon scam?
Someone's making money and it sure as heck is not the investors.
Buy some ACG and we'll include a free boat anchor.
Looking for investors... Yeah right. Feels like looking for suckers.
Brutal last few days. My entire Canadian portfolio is in the red. Still holding OGI. -5k hmm... Can't buy "cheapies" with no money...
Glta...
Thanks MT69. EOM.
Do you have a link for this? Another company I am invested in is not showing up there and they had press yesterday stating they are one of BC's suppliers.
Performing like junk as usual lol... Pretty sad when you wake up wondering how much further behind you are from the day prior everyday...
Honestly....
Trying to be patient with my Canadian portfolio more than anything. OGI has been treating me/us decently as of late and no complaints. That other one though has me asking myself some questions.
Easier said than done when you are losing more than making.
Thanks for the update. It's just plain frustrating, but trying my best to keep my cool about it. It could also be scare tactics being used by market Makers in order to pick up cheaper shares. Feels like a lot of manipulation in the mmj/mj sector lately IMO. Haven't sold any Invictus shares to date, just riding it out.
Good luck all.
I know the feeling...
Here's hoping for that!
GLA!
Not selling my OGI. Holding for the long term. Just surprising to see is all.
Too many down months in a row to bring my spirits up at the moment. Not a day trader, but am thinking of other better trading stocks in the same sector to bring up the unrealized loss I am taking on this one. Bought in two days before the Gene integration.. Just not seeing any positive results from their negotiations/partnership.
Mixed feelings.
Strange to see the price go down on all good news... Seems to be the trend lately in this sector.. Very peculiar IMO.
Officially my worst performing stock... What a disappointment...
Now that's funny!! Thanks for putting a smile on my face!