Replies to post #1647 on Electrum Special Acquisition Corp (fka ELECW)

[Smilin_B]

We have been informed that Electrum has decided not to go ahead with a Special Meeting to extend the life of the SPAC. As a result, Electrum will liquidate, thus the warrants will have no value once the liquidation happens. Attached is the SEC filing announcing the liquidation.
 

Morrow Sodali


Jerry Mucha Chief Administrative Officer - US?

470 West Ave., Suite 3000, Stamford, CT 06902
T 203-658-9427
M 203-979-4268
[e-mail]

www.morrowsodali.com

[Smilin_B]

The "stock" ( which isn't a stock at all, it's a warrant) has been on a substantial downtrend for quite some time ever since the company filed their 10-Q and 8K reports indicating that the company itself would be undergoing a liquidation and shareholder redemption.

"The redemption of the public shares will be completed within ten (10) business days after June 5, 2018."

According to the Pre 14a filing that was out in April,,,,,

"There will be no distribution from the trust account with respect to Electrum’s warrants, which will expire worthless in the event we wind up."

So according to Morrows Sodali (see emails that I and other posters received), ELEC has cancelled their special meeting to extend the liquidation, so these ELECW warrants' days are literally numbered.

They are still tradable as you can very well see, but in accordance with the corporate phylakes, they will have a zero value shortly after the company itself liquidates.

[Smilin_B]

Feel free to read through the 10Q , pre 14a and 8-k filings to verify that ELEC informed the public that the warrants would have a zero value post liquidation (June 5th)

https://www.nasdaq.com/symbol/elec/sec-filings