RE:RE:RE:Funny Nailbiter2 wrote: StockscoutX wrote: 99.9% of the time when SP has hit rock bottom for a very long time and can't be milked anymore to pay the bills, it's a question of time before it's halted. Seen a few times. Expect the stock to be transfered to the grey market and the assets will continue under a new name that's usually a private entity. imo.
The company is halted and will remain in that state until
we get our shet together and file the YE reports.
This cease trade will calm any volatility until filing.
There is a dozen pages of companies who have failed to file on time.
You can find them on the CIRO site.
As far as concerns of dipping into that $25 million, I was informed...
"The GEM funds would be excessively dilutive at this time and require a higher share price than we currently have. So yes we still have that funding available until November 2025, it currently does not positively support us".
Then JHT should exercise a few of his options so that cash is available to pay the auditors. That will not excessively dilute the existing shareholders as the exercise price is higher than the current SP and will show the market his confidence in the company. Otherwise, he is just milking the company for a huge payday each year and shows that he is not doing what he is being paid to do.
Cheers!