Replies to post #78 on Isracann Bioscience Inc. (ISCNF)

[PotterBanker]

They're halted on material news still.

https://globenewswire.com/news-release/2018/10/11/1620352/0/en/Atlas-Blockchain-to-Acquire-Isracann-Biosciences-Inc-and-Complete-Concurrent-Financing-for-Up-to-15-Million.html

At the end of that material news they sneak in an RS!
WTF? Get outta here! I'm not kidding:

"Prior to Closing, the Company will consolidate its issued and outstanding share capital on a three (3) old Atlas Share for one (1) new Atlas Share basis. The Atlas Shares to be issued in connection with the Acquisition, the Concurrent Offering and otherwise detailed in this press release will be issued on a post-consolidated basis."

So they leave it halted until after the RS is done? OR until after the financing has closed?

At first trading was supposed to resume the morning after the halt and after the news came out:
https://www.newswire.ca/news-releases/iiroc-trade-resumption---ake-697196261.html

But then right after that we got this notice that the resumption was in error and they were halted again.
https://www.newswire.ca/news-releases/iiroc-trading-halt---ake-697199341.html

I have to think they are going to get the RS done before trading resumes.

Sneaking the RS in by tacking it onto the end of an acquisition PR is rather greasy imo.

Previous to this they have so far failed to disclose that their power rates are going up 3x over the next couple years at their not quite operating yet mining operation in eletric city, wa.

I have to say, my opinion of them is deteriorating.

At the same time this move into the weed sector could be a good thing for the stock price.

have no position in atlas at present.