I asked this question on the other site but got no
Post# of 2199
(Total Views: 315)
Posted On: 02/26/2017 10:54:46 AM
I asked this question on the other site but got no one willing to answer. It's not even necessarily for bmxc I guess just a general question is like more info on. It only pertains to bmxc bc of the recent retirement of stock....
Is there any significant advantage/disadvantage when shares first issued at a pr value of .0001 are retired at a par value of .01? I know the advantage of current in regards to share structure now but I'm looking to the future. After the twelve month aloted wait period for them to sit as preferred B shares when or if they are returned to the CEO in the common they are now valued at par value of .01 instead of the .0001. Is there anything to this? I'm not really familiar with this and looking for some feedback whether good or bad thanks
Is there any significant advantage/disadvantage when shares first issued at a pr value of .0001 are retired at a par value of .01? I know the advantage of current in regards to share structure now but I'm looking to the future. After the twelve month aloted wait period for them to sit as preferred B shares when or if they are returned to the CEO in the common they are now valued at par value of .01 instead of the .0001. Is there anything to this? I'm not really familiar with this and looking for some feedback whether good or bad thanks
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