Global Cobalt Corp GLBCF

Cease Trade Order

[steamernation]

Hi everyone, amateur investor that isn't doing very well with GCO, but was planning on holding on as there wasn't anything else I could do...lol.

Today, TD sent me this message...subject to Cease Trade Orders (CTO). If you would like to remove them from your list of Holdings, you may apply to gift each security to TD Direct Investing. 

What's this all about?  Why would I want to gift them to TD?

Thanks in advance for your help...

[Misbrandt]

since the shares effectively have no value, and are not likely to ever again, you can gift them to TD and write it off as a loss (I thought they had to be transferred for some minimum value like a cent a share but the message you received implies not). No one else is going to buy them from you (especially since they are traded on any exchange) so I would certainly consider taking that opportunity.

[DRYOASIS]

I would be suspicious of that, sounds like a share grab to me, when did you ever hear of a bank doing anyone a favour ... keep your shares, price of cobalt is about to go through the roof, now is not the time to give your shares away.

[steamernation]

Thanks everyone for your thoughts.  I think I'm going to jus thold on to the at this point...fingers crossed and good luck to everyone in 2018!

[DRYOASIS]

Good call, you've held them this long, why give them up now when the sector is just getting hot ....