SQI Diagnostics Inc V.SQD.H

New Press Release - SQI Diagnostics Announces Receipt of Intention to Enforce Security from Pivot Financial and Anticipated Voluntary Bankruptcy Filing

TORONTO, June 16, 2023 /PRNewswire/ - SQI Diagnostics Inc. ("SQI" or the "Company") (TSXV: SQD) (OTCQB: SQIDF) today announced that the Company's board of directors (the "Board") has received a notice of intention (the "Notice") to enforce security issued by its senior secured creditor, Pivot...read article.

[MrDales62]

Can't say you weren't warned, the writting was on the wall for a long time. GL

[Tapps21]

So that's it? Our investment is worthless? What happens next? I think these guys are all highway robbers. 

[XpoGrowth]

Same thing that happened to stockholders at Nortel, Bre-X, etc. etc. You take a capital loss and move on.

[Kalidog]

Both of those companies had lawsuits brought against them. The original Bre-x lawsuit gave investors 5.2 million to those who applied for the class action, which gave them Pennie's on the dollar. Nortel lawsuits totalled $2.5 billion. So those investors kept fighting, I can guarantee someone is looking for grounds for a class action lawsuit, whether it's going to be against the company or

[Tapps21]

SIGN ME UP! This should never have happened with their supposesd Tech. Again, screwed by the rich.

[XpoGrowth]

How many times did they warn us that there was a risk to ongoing operations due to liquidity? I along with all of you (plus FF no doubt), rolled the dice in the hopes of a big payday.  It didn't happen. Hopefully you didn't have your entire portfolio invested in this stock...take the loss and move on.

[MasterTiger]

  XpoGrowth, are you working with for Pivot? It is everone rights to fight for their hard earn money. You are so smart by not trusting successful businessmen that are on the board. Good on you, but for you to rub salt on others show the character that you are.