RE:RE:RE:RE:RE:Stans Energy reinstated for trading I am going on pure memory. Others can correct.
On the TSXV you usually get a 90-day warning from the exchange if you are not meeting the required platform criteria for a tier 2 entity. However, if you are failing to meet any of the criteria listed the exchange can move you from the TSXV to the NEX with no 90-day warning.
I can’t remember if Stans indicated they got such a warning? Stans should have issued a formal announcement to the market indicating they were under such direction if they did received such a warning.
I think that Stans failed to meet most, if not all the criterial for listing on the TSXV. That included a couple of finance requirements. As Stans are basically cashless it appears presently that they can't meet any of these requirements. IMO, it most likely would take a reverse merger with another company using its assets under Stans old name, to attempt to move a then new trading company back to the TSXV.
Without this type of move I’m not sure how Stans would get back. Who will give them the money to meet such TSXV requirements? Talks with Kyrgyz would not lead to this for a long time, even if they were to eventually bare fruit. It's anyones guess how long before we see Stans back on the TSXV, IMO.
GLTA -
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