GREY:GIXEF - Post by User
Post by
2investorknoton Dec 11, 2015 11:26am
181 Views
Post# 24376703
There goes my investment?
There goes my investment? Why do I think, "There goes my investment" ?
TORONTO, Dec.11, 2015 /CNW/ - DELISTING REVIEWGeologix Explorations Inc. (the Company) – TSX is reviewing the common shares (GIX.TO) of the Company with respect to meeting the continued listing requirements. The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.
Something makes me think that 120 days won't be enough time in light of the past 2 years.
On the other hand, perhaps delisting may be a good money saving strategy! I mean if you don't want to buy or sell for a few years, maybe the junior market will rebound down the road and GIX can hold on until then if our expenses are drastically cut. Its not like anything is happening with the company anyways so this will only hurt people wanting to trade the stock.