Consolidating securities

Posted by / 23-Mar-2020 17:27

Consolidating securities

27, 2018 (GLOBE NEWSWIRE) -- Protech Home Medical Corp.(“PHM” or the “Company”) (TSXV: PHM) announces that effective December 31, 2018 (the “Effective Date”) at market open, the Company will effect the consolidation (the "Consolidation") of its common shares (the "Common Shares") on the basis of one (1) new post-Consolidation Common Share for every five (5) pre-Consolidation Common Shares.

For further information please visit our website at Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation.The Eurosystem (the European Central Bank and the national Central Banks of the countries that are part of the Eurozone) is currently working on a large project to provide a new integrated platform for T2 (TARGET2) and T2S (TARGET2-Securities) in terms of both technical and functional aspects providing Central Liquidity Management (CLM), designed to ensure efficient provisioning of liquidity.The new integrated platform will provide a “Eurosystem Single Market Infrastructure Gateway” (ESMIG) allowing access to the market infrastructure of the central banks including T2, T2S and TIPS (TARGET Instant Payment Settlement) through a unique communication interface.Examples of such risk factors include, without limitation: credit; market (including equity, commodity, foreign exchange and interest rate); liquidity; operational (including technology and infrastructure); reputational; insurance; strategic; regulatory; legal; environmental; capital adequacy; the general business and economic conditions in the regions in which the Company operates; the ability of the Company to execute on key priorities, including the successful completion of acquisitions, business retention, and strategic plans and to attract, develop and retain key executives; difficulty integrating newly acquired businesses; the ability to implement business strategies and pursue business opportunities; low profit market segments; disruptions in or attacks (including cyber-attacks) on the Company's information technology, internet, network access or other voice or data communications systems or services; the evolution of various types of fraud or other criminal behavior to which the Company is exposed; the failure of third parties to comply with their obligations to the Company or its affiliates; the impact of new and changes to, or application of, current laws and regulations; decline of reimbursement rates; dependence on few payors; possible new drug discoveries; a novel business model; dependence on key suppliers; granting of permits and licenses in a highly regulated business; the overall difficult litigation environment, including in the U.S.; increased competition; changes in foreign currency rates; increased funding costs and market volatility due to market illiquidity and competition for funding; the availability of funds and resources to pursue operations; critical accounting estimates and changes to accounting standards, policies, and methods used by the Company; and the occurrence of natural and unnatural catastrophic events and claims resulting from such events; as well as those risk factors discussed or referred to in the Company’s disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at

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The consolidation and symbol change has been accepted by the TSXV.

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