Nevo Energy Inc fka NEVE

[lefty18]

They obviously saw the 140,000 share float that would have remained with a 100 to 1 reverse split as too much of an obstacle. I was expecting no larger split than that.

This definitely is about self dealing. They are in this to make as much as possible. As far as the shareholders of the TMXU shell, I think their attitude is that they don't have any fiduciary responsibility to shareholders from the previous company.

If you look at what happened to PFAP's share price, you can see how they might have reached the conclusion that they needed to reduce the float drastically if they cared about the share price of their future endeavors.