it's like the wild west hereTuscany is the one that asked for the trade halt so they could release news. The news has been released so trading will resume on Monday.
Tuscany has a liquidity issue, not a solvency issue. They have to resturcture their debt so that they have some breathing room. Will this be accomlished by an DIP agreement or will they need Chapter 11? I am not sure. I hope only the DIP is needed.
The TSX exchange halting trading for an additional week? Highly unlikely. They may have the power to do that but reading the sections involved seems to suggest that they do this when the company is behind in their financial filings, whhich is not the case here.
JFF7