Not 100% sure either what I was saying about the merged entity but that is what the directors were banging on about at the AGM. Tax implications were mentioned as well. I have tried to locate my notes but to no avail. Management did make a compelling enough case as to why a merger is not happening immediately. But they were looking to cut costs. Basically RBC is a holding company and does not require a CEO, CFO, and a bunch of other exec people.
Nasdaq requirements out of the question (too small etc) so that route cannot be taken.
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