GREY:ARGEF - Post by User
Post by
Inohnuttinon Mar 03, 2016 11:21am
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Delisting review
Delisting reviewI have had the misfortune of being in a situation like this, where the company is up for a delisting review on two other occasions. From my experience, by the time it comes to this, it's all over. If there was any hope of it recovering quickly, there would have been a news release and they wouldn't be moving their office to a smaller place. If there was hope that someone was going to save them, I think they wouldn't be trying to prepare themselves for "worse times" by moving to save on rent. Do you? Maybe the gulf company is waiting it out and when Argex has no other options, they come in and buy the technology for a bargain. I think they are out of options. If they get any offer, it'll be a good offer because in this market, in their position, i think whatever offer comes their way at this crossroads, for all we know, may be their last. I sold my position today at the biggest loss of my life. I'm going to keep watching this, maybe I'll become religious in the time being and pray that this will rise again so I can jump back on board. In my opinion, if by the end of next week they don't post some news or financials or meet the TSX listing requirements, it may be all over. Good luck to you all.
Inohnuttin