I'm not sure how that works. If you buyback shares to retire, and you retire them after the date of June 15th, technically it's a shareholder of record, right?
Is it a wash for them, and advantage for EMXC, as shares get retired, but yet an asset increases? I need to research this in depth.
I don't think those two actions are linked together.
As I understand, for every 32 shares you already own of EMXC, you will receive 1 share of MPIX (they will show up in your brokerage account automatically).
The share buy back is different and should happen without even you being notified of it. The company has not divulged how many shares they'll buy back (except saying by 10s of millions at a time). Now shares buy back is in no way changing the shares structure and they are still available to flood the market if they chose to do so.
Hope this helps you? I am not a financial person but this happened to me in with previous securities.
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