Electra Meccanica Vehicles Corp. (ECCTF)

[TenKay]

"Reverse split is 2 for 1, not 1 for 2. They are consolidating."

Sorry..."2 for 1" would be a forward split. They are mistaken/misleading in their characterization in the PR

I just double checked the daily list. They filed for a reverse split which IS consolidation as it results in a reduction in the OS. A forward split would increase the OS (if they gave out 2 shares for every 1).

They are doing the opposite.

"Reverse Split Ratio 1:2
Dividend Type Reverse Split"

This means 2 shares get turned into 1 share.

1 for 2