CORRECT TRS shares soar 900 percent after Dotcom’s Mega flags $210M backdoor listing on NZX

Tue, 25 Mar 2014

(Fixes timing of share consolidation in 2nd graph, updates share price in lead, 2nd and 5th graphs) By Paul McBeth March 25 (BusinessDesk) – Shares of TRS Investments, a penny-dreadful shell company, soared 900 percent after Kim Dotcom’s Mega Ltd announced plans for a backdoor listing on the NZX that would value his data storage and encryption firm at $210 million. TRS stock rose to 1 cent, the highest in seven years, from 0.1 cent. The company would buy 100 percent of Mega by issuing 700 million new shares to Mega shareholders at 30 cents...

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