Read this and consider......."Closing of the Transaction is conditional on receipt of approval by the TSX of the Transaction. The Transaction has not yet been granted conditional approval by the TSX. There can be no assurance that the TSX will grant approval or accept the application for the use of the TSX Exemption, in which case the Transaction may also be subject to the receipt of approval of Tuscany shareholders, excluding M&P. In the event that the TSX permits the Company to rely on the TSX Exemption, this will automatically result in the initiation of a continued listing review by the TSX, as is customary under such circumstances."
The announcement this morning by the TSX should come a ZERO surprise to any investor worth their salt. It was clearly announced that it would occur as part of their announcement of the sale of the assets to M&P. They are an insider and because of the urgency to get on with this as recommended by the special committee of BODs as well as supported and recommended by the Citi Group strategic review consultants because of the tightness of their working capital they have applied to the TSX for a waiver of shareholder approval. As a result of the TSX agreeing to waive this requirement, they MUST as due course conduct a review of the process.....hence the announcement.
Time to buy the shares of the weak handed sellers that do not do their homework and just buy then worry then sell as a loss.