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IM Cannabis Corp asks for a Reverse Split from its stockholders

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isail4fun
 isail4fun
(@isail4fun)
Eminent Member
Joined: 9 months ago
Posts: 30
Topic starter  

Just received this request as a stockholder.

 

ITEM 5.

To consider and, if deemed appropriate, to approve, with or without variation, an ordinary resolution, the full text of which is set out in the Circular, approving a consolidation of the issued and outstanding common shares of the Company at a ratio of between six (6) and ten (10) pre-consolidation common shares for every one (1) post-consolidation common share, as and when determined by the board of directors of the Company.


   
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D. H. Taylor
(@dhtaylor)
Noble Member Admin
Joined: 2 years ago
Posts: 1098
 

Wonder if they want to keep this in the bag for future or will the execute immediately?


   
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Jeff Spahn
(@jeffspahn2011gmail-com)
Estimable Member
Joined: 1 year ago
Posts: 107
 

@dhtaylor 

Must Likely just to be able to keep Nasdaq listing IMHO


   
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#1
 #1
(@cannabisinvesting69yahoo-com)
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