Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yep, and look at the benefits from the Frankfurt exchange as well. They are the 3rd largest exchange in the world...lots of extra volume...
Dual-Listing on Frankfurt Exchange. All TSX, TSX Venture, OTC:BB, NASDAQ, Pinksheet companies qualify using existing financials.
•Increase Daily Average. A way to increase a company’s average daily trading-volume and share price.
•Purchase with local currency. Gives European investors the opportunity to buy shares of U.S. and Canadian companies using local currency. Purchasing a North American stock is difficult and expensive for investors so a listing on Frankfurt provides a solution to this problem.
•Fast. 2 to 3 weeks for listing and receive symbol from Frankfurt stock exchange
On Monday, I believe we will find out who will be acquiring us...
If you read further
Specific details of the planned acquisition transaction and its effect on the Company and its shareholders will be provided as soon as the definitive acquisition agreement has been signed
And also
The letter of intent is expected to be signed no later than Monday, June 23, 2014, followed by the preparation of a definitive acquisition agreement
How is this not an acquisition?
Was on wrong board sorry
It is the Canadian company whose stock will trade not AEGY's.
If you read further
Specific details of the planned acquisition transaction and its effect on the Company and its shareholders will be provided as soon as the definitive acquisition agreement has been signed
And also
The letter of intent is expected to be signed no later than Monday, June 23, 2014, followed by the preparation of a definitive acquisition agreement
How is this not an acquisition?
My point that no one is addressing is that the first leg of this new deal is an acquisition of aegy not a merger.
We will not be in the greys long. Mark this post. AEGY will be out first via acquisition, as in bought up with Canadian stock, and SKTO will then merge and be converted for shares of canadian stock. Mark this post because these two stocks will cease to exist as we know them in the best way possible...
And one more question: Could AEGY shareholders get cashed out if the Canadian company has the bread while SKTO shareholders get new internationally traded stock?
They are not moving the business, they are just restructuring. Ultimately, it looks like they will be acquired and then the Canadian company may possibly be traded on the OTC, a Canadian exchange, and frankfurt exchange. Just because they will be trading in Germany doesn't mean they will deliver to Germany.
Also, it is strange that I swear there were rumors of a Canadian connection on this board well before the suspension.
Why would they have to lift a halt on AEGY if the new company is the one that will be trading? The way I understand it, AEGY will be acquired by the Canadian company and then the Canadian company will merge with SKTO. AEGY OTC shares will convert directly into the Canadian shares and then those will trade without any halt. Then the direct merger with SKTO may or may not result in a new ticker, I guess. Am I interpreting that correctly? And does I-equity stand to lose or gain any control to the Canadian company(Affinor?rumors) or will the Canadian company be a shell? I guess the terms would tell more.
http://www.expressipo.com/whythefrankfurt.html
The Frankfurt Stock Exchange is the world's third largest trading center for securities and Germany's largest exchange. It is responsible for 90 percent of the securities trading volume in Germany. The Exchange facilitates advanced electronic trading, settlement and information systems and enables cross-border trading for international investors.
And German investors, both institutional and private, who have held back from investing for many years by government restraints and their own conservatism, are now actively searching for small to mid-size U.S. and Canadian companies to invest in. With a new investment climate in Europe and changes in the OTC market in Germany the time is now ripe for U.S. and Canadian companies to enter the European public markets.
The Frankfurt Exchange provides a gateway to the European market for both private and public companies. Companies that are already listed on one of the following exchanges: TSX, TSX Venture, NASDAQ, OTC:BB or the Pink Sheets can obtain a dual listing and be trading in 2 to 3 weeks.
For private companies that want to take that “First Step” into the public markets the process to become trading can take as little as 6 weeks.
The Frankfurt Exchange offers the following advantages:
•Access to new markets and investor. A listing on the Frankfurt Stock Exchange will introduce your company to a whole new market - the German speaking Euro-economic market primarily consisting of Germany, Switzerland, Austria and Liechtenstein. This market, consisting of more than 100 million people, has the fastest rate of growth and the highest income per head in the EU. Many of these people are very active in world financial markets. And more and more affluent retail and institutional investors are searching European stock exchanges and financial websites to help make their investment decisions and we can help put you on their radar screen. The strong euro makes North American stocks very attractive.
•Ease of entry. Audited financials are not required.
• Fast – Get listed in 8 to 12 weeks. Dual listing takes 2 to 3 weeks.
• Low costs and maintenance. No monthly or annual filing fees,
•Relaxed regulation. (No Sarbanes-Oxley Act to worry about)
•There are no asset or revenue requirements
•Very inexpensive.
•Sophisticated Investors. Unlike U.S. investors European investors invest for the long term. And in most European countries there are major tax benefits for holding on to purchased stock for a certain amount of time as opposed to "dumping" it immediately into the market. The lack of investors that instantly sell a company's stock allows for stability in stock price and opportunities for growth.
Dual-Listing on Frankfurt Exchange. All TSX, TSX Venture, OTC:BB, NASDAQ, Pinksheet companies qualify using existing financials.
•Increase Daily Average. A way to increase a company’s average daily trading-volume and share price.
•Purchase with local currency. Gives European investors the opportunity to buy shares of U.S. and Canadian companies using local currency. Purchasing a North American stock is difficult and expensive for investors so a listing on Frankfurt provides a solution to this problem.
•Fast. 2 to 3 weeks for listing and receive symbol from Frankfurt stock exchange
Our Dual Listing Service includes:
•Mass e mailing to subscriber base to launch your company into the German spotlight.
•Full research report and interview highlighting 1. Company with properties/strategy, 2. Industry and focus, 3. Management.
•Update report of company within 3 months and follow up.
•Access to new markets and investors. A listing on the Frankfurt Stock Exchange will introduce your company to a whole new market - the German speaking Euro-economic market primarily consisting of Germany, Switzerland, Austria and Liechtenstein. This market, consisting of more than 100 million people, has the fastest rate of growth and the highest income per head in the EU. Many of these people are very active in world financial markets. And more and more affluent retail and institutional investors are searching European stock exchanges and financial websites to help make their investment decisions and we can help put you on their radar screen. The strong euro makes North American stocks very attractive.
Here is an article on the likelihood of merger rumors to come true based upon news outlets and journalists. Just in case the new merger starts to get reported in the media. Just food for thought.
http://qz.com/196027/how-to-tell-if-a-merger-rumor-will-come-true/
Yes, how long is my question as well? Not sure of all the steps that this will take to turn the corner but a project timeline with milestones getting checked off would be a great way to guide shareholders through this atypical process...
Well worded and accurately represents what I was told. But, just to keep things moving, what do you think is now required for the new (Canadian) plan? And, do you like it?
I spoke with the SEC yesterday via the number that Tenkay posted. Learned a lot. For instance, the SEC and FINRA do not approve mergers as they are approved by the states that the two companies are registered in. In the case of this merger, the third entity(AEGY-SKTO Acquisition corp) is who would need to file the registration statement, not AEGY. So,the states that AEGY and SKTO are registered in would be who approves the merger(Delaware etc.) However, in this case, the SEC would have had to approve the registration statement for the third party(Acq corp)which is in no way affected by the greys or suspensions. Will be calling that number a lot from now on...no bs, straight shooters with great help. None of this is even applicable now tho, I guess.
Alberta, not Canada. Similar to...Denver...not USA.
Ran out of messages yesterday, but thanks for a constructive back n forth. was cool.
And Schwab too
Ok, but Scottrade, fidelity, etrade, and td brokers all say that mergers are not nullified by suspensions or grey sheets. Are they missing something?
Also, could I-equity buy it up?
The collectives themselves could get looked at, but if the collectives are legit, there should only be a benefit to them.
I don't think so because skto has the contracts with the collectives, aegy just routes orders, kinda like Grubhub, IMO. Neither of them are cultivators or dispensary owners.
Understood, but isn't the registration statement due by the 20th at latest(10 days prior to merger)? And if you wouldn't mind, can you address Bernie's comment that the new (shell?)company would "always be tainted." What you are saying and what he is saying cannot both be true about the state of the hypothetically resulting company. Tainted or brand new company?
Over 100 of those will be left alone but you are correct. Cali is trying to shake off its original non-profit setup, so that it can get back to leading the way. They kinda were screwed from rules leftover from 1996. They are shutting down quasi-legal/illegal joints to make room for legitimate companies that want to be regulated. Better market share for those who are doing good business with tested products.
Do you take the reference to aegy-skto acquisition corp. as a third new shell? Also, couldn't these guys go private from here?
Admittedly reaching for some straws. No ego here. But brokers still say merger will not stop for suspension. So, until I see a finra rule that is an applicable obstacle, straws will be reached for. I posted the finra guidelines fir mergers and no one has pulled out any relevent rules. Jamn n aegy/skto admittedly apples and oranges but the point is the merger.
Also, grey sheets trade at the state level, so I think any issues with revs from thc will be easier if they can establish themselves in CO.
Here's another excerpt from her article:
by Janice Shell - 6/2/2011 10:30:25 AM
But JAMN was still tied up with “all the boring logistical stuff” back then (like resurrecting its stock from the ghostly Grey Market so it could really trade again?), he explained, so he waited through those housekeeping chores to spring his big news.
http://www.thestreetsweeper.org/undersurveillance/Jammin_Java__JAMN___Hot_Stock_____Bitter_Aftertaste_
Here is a grey sheet that came back to QB.
Look whose article too. Below is an excerpt.
http://www.thestreetsweeper.org/undersurveillance/Jammin_Java__JAMN___Hot_Stock_____Bitter_Aftertaste_
by Janice Shell - 6/2/2011 10:30:25 AM
It’s time to wake up and smell the coffee! That’s exactly what Jammin Java (OTC: JAMN.OB), a heavily promotedcoffee company, and – for very different reasons – TheStreetSweeper would like investors to do.
Since the beginning of the year, JAMN has miraculously risen from the ashes of the “Grey Market” graveyard to become one of the liveliest – and richest – stocks in the entire microcap arena.
Here's another excerpt from her article:
by Janice Shell - 6/2/2011 10:30:25 AM
But JAMN was still tied up with “all the boring logistical stuff” back then (like resurrecting its stock from the ghostly Grey Market so it could really trade again?), he explained, so he waited through those housekeeping chores to spring his big news.
http://www.thestreetsweeper.org/undersurveillance/Jammin_Java__JAMN___Hot_Stock_____Bitter_Aftertaste_
Good Guys look at this. Here is a grey sheet that came back big.
Look whose article too. Below is an excerpt.
http://www.thestreetsweeper.org/undersurveillance/Jammin_Java__JAMN___Hot_Stock_____Bitter_Aftertaste_
by Janice Shell - 6/2/2011 10:30:25 AM
It’s time to wake up and smell the coffee! That’s exactly what Jammin Java (OTC: JAMN.OB), a heavily promotedcoffee company, and – for very different reasons – TheStreetSweeper would like investors to do.
Since the beginning of the year, JAMN has miraculously risen from the ashes of the “Grey Market” graveyard to become one of the liveliest – and richest – stocks in the entire microcap arena.
Well, here is FINRA's guidelines and then some for mergers. Be my guest and show everyone conclusively that a previous SEC suspension nullifies an upcoming merger:
http://www.finra.org/Industry/Issues/Mergers/index.htm#2
bw-legal.com/News/nbin/20101018_whitepaper.pdf
Can you post a reference to the rule that says finra wont allow a merger because of a past suspension?
Calling Fidelity and TD tomorrow. Will post tomorrow for a consensus...
Scottrade folks tell me that the suspensions will not keep two companies from merging. Watch these guys find a nice clean shell to complete the setup for a forward triangular merger. Can anyone explain why they wouldn't/couldn't do that?
I just havent heard them mention that since AO. Just making sure thats still the plan with AG. Sure looks like it more than ever. Newer investors will want to know that too. Sorry, I don't have private messaging.
Has anyone noticed that the old ticker symbol is still valid when entered in a watchlist? Fits the name American Green. I've mentioned this before, but an upcoming question that I would like to ask SS is if those similarities are for the purpose of a future spin off. Anyone have an opinion on this? Remember that last year they referred to future spin off plans.
Anyone think this may be a dual listing in Canada at any point after merger?