OTCQX:SREMF - Post by User
Comment by
Maolain1on Oct 20, 2014 1:54pm
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Post# 23044073
RE:RE:RE:Will my stocks ever hold value again?
RE:RE:RE:Will my stocks ever hold value again?noobtrader, what you are seeing is the bid moving. Although the stock is halted, you brokerage will value your stock at current bid and the bids can still move around regardless of the halt. To answer the more important question, if the TSX lifts the halt it likely means the restructuring has been voted on and accepted and the company is solvent (at least in the short/mid term). This is likely to take several weeks to months before it gets done so you won't be able to trade for awhile, best case. Worst case is TSX delists the Company and the Company either trades on the venture exchange of goes private. In either event you will still own your shares, though it will be nearly impossible to trade out of your position if the Company goes private, so you'll have to wait until relisting or a buyout by some private equity.
Sit back and relax for now, nothing you can do but wait.