RE:Management CEASE TRADE orderThe cease trade order was released because management is privy to information that common shareholders are not ( due to late financials ). I imagine the fact that the company is in the process of raising funds they would be legally obligated to cease trading.
as stated before, the delay of financials is common on the venture , due to closing of offices and termination of personal the company is asking for 2 months.
they stated bi weekly updates in the mean time.
everyone has there own opinion, I placed my money here at these low levels and if any of you have been selling to me, I wish you the best with your money else where. 900,000 shares were sold by multiple houses which means there are a lot of frustrated small holders out there.
"Be fearful when others are greedy, and greedy when others are fearful" warren buffet