RE:SEDAR FILING??????
KenoCity wrote: Why would JFC want to delist the COMMON SHARES from the TSXV?
ANY thoughts according to the SEDAR FILING on JULY 8th?
I must admit this is a bit strange. I have never seen this group do that previously. Usually their deals are done and done in two years or less.
I have seen them resurrect dormant shells that have cease trade orders issued previously (like Canada Iron Inc. and MGM Resources Corp. and others) but not this.
The best I can think of is that the group that is trying to vend in is playing hardball and wants to have control of the shell prior to doing the RTO. I have a feeling that they are finding it difficult to get control of this shell. There is very little trading lately, some days the shares don't even trade, which makes me think that most likely the shares are held tightly. This may be their way of trying to release some of the shares - using a viable threat to delist.
If they can't get control of the shares, they may be willing to put it on ice for a few years until the holders get tired of holding and finally let the shares go.
Just a thought. I could be completely off-base on this. I don't know this group well enough.