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Re: None

Thursday, 01/09/2020 11:06:58 AM

Thursday, January 09, 2020 11:06:58 AM

Post# of 6602
Looking for opinions....

Judging from past dates

The annual shareholder meeting will be around 20 June '20 (I am guessing they could move that forward if needed, due to a required vote on a RS if the split is needed). They would announce the meeting and it's intentions about 30 days prior (20 Mar)

PPS must be above $1.00 for 10 days prior to the 16 Mar'20 de-listing deadline.That means they must apply for the 180 extention sometime before 16 Mar unless they do not intent to use it and go staight to RS.
In the case of RS, they must send notification of intent to RS and announce the date of the shareholder meeting to vote on the RS. Again that announcement should come about 30 days prior to the meeting. So that would put us at a few days before 16 Feb at the latest, probably much sooner.

Earnings report will be somewhere around 28 Feb'20. There are only 2 things that could move the PPS above $1.00...good earning report or JV announcment. Looking at the timing, that would be too late if they had to announce a RS vote. That said, it looks like we are looking at 2 options, they file for 180 extension in order to get to June shareholder meeting to vote on RS or they have to announce special meeting of shareholders very soon to vote on RS before 16 Mar deadline is up.

So we are now looking at end of Jan for some type of announcement.

Does that sound correct?

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