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Friday, February 18, 2011 2:51:12 PM
WITHOUT THE COMPANY LISTING ANYWHERE BUT IN THE USA (Think Japanese traders buying Exxon mobile on the NYSE).
Except, of course, when there is a halt or cease trade.
Once the cease trade for U.S. listed IDSM shares is lifted in BC, then and only then will the TSXV allow the NEW (FIRST TIME EVER) issuance of shares in the form of the Northern Graphite IPO.
From the mouth of the CEO;
"IDSM plans to spin-out it's Bisset Creek asset into a new company (Northern Graphite) via a NEW IPO and subsequent listing on the TSXV, which may then be dividended out to shareholders of U.S. LISTED IDSM SHARES."
WHICH OF COURSE MAY BE BOUGHT BY PEOPLE ALL OVER THE WORLD INCLUDING CANADA.
(Assuming the revocation of the cease trade in BC)
IDSM will NOT list its current shares on the TSXV (of which there are almost 200,000,000).
They will issue 6 million NEW shares of Northern Graphite in the IPO UNDER A NEW SYMBOL and CUSIP #(in addition to the 23 million outstanding shares, currently held by IDSM and private investors).
As I am sure you know, this is called a spin-off, and does not require the listing of the parent company on any additional exchanges.
That too sounds like plain, Canadian English.
Obviously our opinions differ, I just seem to be the one who doesn't have a problem admitting that they are just that.
OPINIONS!
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