RE: Legitimate Question Preterist, I think the company needs to do two things before they can apply to lift the cease trade order.
1. They need to complete the final report from the independent committee and make it public (Jan 31 according to PR -- hope they stick to that)
2. They need to finish and publish Q3
My hope is that Q3 comes at the same time, or shortly after, the final report. Regarding the Jan 31 date, they do also indicate that there may be some loose ends which will be left for the audit committee. Those may pertain to fraud accusations against some of the directors and some items from the OSC investigation.
I don't think that the cease trade order needs to necessarily remain in effect while investigations continue into the dealings of some insiders. I think it will depend a lot on how much material impact there is from any allegations that have been made and how issolated the problem(s) are. If the independent committee's findings can achieve the objectives of validating cash position, title to foresty assets, and cash flows while isolating the scope of alleged fraudulent transactions, that should be enough to put the company in a position to apply to lift the cease trade. Ongoing action could continue against specific directors and we would, quite possibly see more shake up of the board. However, I think if the scope of the issues is narrowed down in this manner, they should be able to apply to lift the cease trade order. On the other hand, if the report comes out and the issues prove widespread and make it impossible to do any reasonable valuation of the company's assets, then we'll have a much longer halt and it may not trade again.
It'll be interesting to see what Jan 31 brings...
Mark
PS: Thanks for letting me know about Susan's thing... I can't, however, take part because I'm too busy.