Replies to post #28361 on Nouveau Life Pharmaceuticals Inc (NOUV)

[Steve Waz]

Sacrifice one stock for another. It’s all the same family.

[Rainer]

yeah, but weren't you announcing your .0016 buys well after the pr?

[horst]

OK, apologies - I missed PURA's year-end update saying RS may not be necessary.

https://www.purationinc.com/2018-year-end-upate

"PURA and NOUV originally planned to wait for NOUV to execute a reverse spilt before executing the dividend distribution. While pursuing that objective, it became clear the execution of the reverse split would take some time. As NOUV updates its filings and executes on its business plan with the new cannabis cultivation operation, optimistically, a reverse split of NOUV might not be necessary. So, PURA and NOUV management have explored alternative options. In light of the fact that the common shares of NOUV issued to PURA shareholders will not be immediately free trading and will have to season to be free trading under an exemption from registration, PURA and NOUV have resolved to issue a dividend of preferred shares convertible into common shares. In this way, a dividend of equity can be rapidly issued and the seasoning of shares for exemption can begin. If a NOUV reverse proceeds as originally planned, then shareholders will receive the original allocation of 1 common share for every 5 shares of PURA. If a reverse proves unnecessary, then the conversion of preferred shares into common shares will be adjusted accordingly to affect an equal dividend allocation."

[kpisme]

The only dilution I see here is those posts talking from the rear end of a cow which are FAR FROM TRUTH