Another cease trader order comingI hate when this happens, they freeze director sales so the gneral public doesn't see them dumping their shares. By their own admission they are looking for way to keep operational in the short term. It sounds like there won't be a last minute bail out.
Read their own statement:
In accordance with NP 12-203 and as previously announced on Stockwatch, Victhom has voluntarily requested that the Autorite des Marches Financiers and other Canadian securities regulatory authorities issue a temporary order that prohibits certain directors, officers and insiders of Victhom from trading in securities of Victhom for as long as the annual financial statements, chief executive officer and chief financial officer certifications and related MD&A and AIF are not filed.
Discussions are still continuing with the objective to complete, in the short term, a transaction to allow Victhom to continue its research and development activities. Victhom still anticipates the release of the annual financial statements, chief executive officer and chief financial officer certifications, and related MD&A and AIF will occur no later than April 30, 2009.
The timing on the release of a product that has their name attched is questionable at best. This should have no bearing on the facts as supplied by the company.
Sorry for more bad news but the smaller junior investors need to be protected from the hype.