Followers | 3173 |
Posts | 208744 |
Boards Moderated | 2 |
Alias Born | 02/04/2004 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, July 20, 2018 10:37:44 AM
If the warrant strike prices remain as they are then IPCI won't generate 1 dime from this maneuver, it will just aid them in meeting the shareholder equity requirement for maintaining their NAZ listing.
But if the warrant strike prices are dramatically lowered to current share prices or lower...then there's a chance they could do some more dilution leading into the reverse split next month of up to approx. 6M shares dumped into the tradable float.
Regardless it all amounts to more ugliness and there's no miracles coming...as it states quite clearly in the prospectus that the only thing IPCI shareholders are voting on next month is the proposed reverse split.
So all our earlier speculation about why they selected such an early shareholder of record date of june 28th proved pointless as there's nothing special about next months s/h proxy vote...it's just to approve the pending r/s!
Recent IPCI News
- Suspension de la négociation par l'Organisme canadien de réglementation des investissements - IPCI • PR Newswire (Canada) • 03/06/2024 12:55:00 PM
- Canadian Investment Regulatory Organization Trading Halt - IPCI • PR Newswire (Canada) • 03/06/2024 12:51:00 PM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM