RE:RE:Timeline?? There are still 3 possible outcomes. The biggest bagholder of all is currently fixated on crying about option 3, dilution. As if option 2, fading away into oblivion is preferable.
Maxmoe wrote: 3 possibilities that I have seen in the past and present.
1) I have a stock that was halted for not filing financials since Feb 22nd that just started trading last week. 3 months halt. And this is a company with plenty of assets and no creditors pounding on the door for the rent or taxes or interest payment. An obstinate ceo and controlling shareholder that could care less about minority shareholders or regulators. This doesn't seem to resemble nxo. Damjam has more shares than anyone,!
2) I've also seen stocks halt and quietly disappear without ever issuing another news release.
Option 3, somewhere someone is trying to either broker a deal with creditors, or acquire the underlying assets(patents) for a few peanuts to tidy up the mess. At best, a hugely dilutive equity injection and/or debt for equity swap will result in the new owners getting 90-99% of the entire company for whatever they put into it at this stage. The alternative is you put up a better deal or shut up. Or everyone gets 0.
obviously option 2 is the worst case. Unfortunately, also the most likely case, and will mean everyone gets nothing and has to wrangle with CRA to get their tax writeoff.
option 3, which papa over on the ceo.ca platform continues to hold out hope for, is probably the best case scenario but despite the howls of protest from nxo's largest shareholder, is the only path to anyone getting anything. So, good luck to all.