RE:RE:Optimist There is definitely more to the story, and we are not done yet.
After this announcement, if they were cancelling the AGM they should have done it by now.
We will know a lot more soon. If the AGM goes ahead, it is fairly safe to assume this will keep trading publicly for some time, although it will take something very special to not get kicked off the TSX, we will likely be on a subordinate exchange when it comes out of the proceedings.
We can hope for now that this is simply some kind of desperate balance sheet cleaning so that only our future financiers will hold RGX debt, rather than touchy creditors tugging us apart at the seams and getting massive share gifts.
Sweet dreams this weekend guys and gals, no sense stressing over unknowable facts. All we can do now is exercise patience and hope that AlNaimi et al. are still firmly on our side of this, since they have such a large stake in common shares (if they aren't, then we are already too far gone to worry anyway). Perhaps we will even be rid of the PP warrants too. Both Mazens and Ghali have added to their sales in the last couple months. They would not be so foolish to invest in commons of their own failing stock, otherwise they could have just rolled out another PP and bought direct while giving the company capital. And AlNaimi signed up for another 20m share warrants for salary this coming year. We can trust he is not a complete idiot. He might not care about us, but he ceratainly cares about himself and the company/tech.
But for now, no one knows but the management, who are likely gagged (self imposed or otherwise). Argex is not imminently dissolving. We've got lots more news to come.