If we vote yes, FIU will be de-listed from TSX
This is not good...if the vote goes through it looks like FIU will be de-listed from the TSX meaning we will have to go through he*l just to get our money, I wouldn't be suprised if it becomes almost impossible to get any compensation after the sale. Yet another reason to vote no.
"The Corporation may then proceed to be wound up and dissolved. However the Board has not made any decisions with respect to the windup and dissolution at this time. Upon completion of the Transactions, the Corporation may not meet the TSX’s original listing requirements under any of the listing categories of the TSX. If this is the case the Corporation will be delisted from the TSX.
If the Corporation is to be delisted from the TSX, the Corporation intends to take steps to maintain liquidity in the Common Shares by applying for listing on NEX, a separate board of the TSX Venture Exchange that provides a trading forum for listed companies that have low levels of business activity or have ceased to carry on an active business, or an alternative exchange in Canada. No assurance can be given that the Corporation will meet the listing requirements for an alternate listing on NEX or an alternative exchange in Canada. In the event the securities of the Corporation are not listed on TSX, NEX or an alternative exchange, there will be no public market through which the securities may be sold and traded and Shareholders may not be able to dispose of their securities. This can be expected to affect the liquidity of the Common Shares and the transparency and availability of trading prices."