TSXV:NGH.H - Post by User
Comment by
nic_jordanon Sep 01, 2016 2:47pm
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Post# 25200394
RE:Just a question...
RE:Just a question...
I believe the answer to your question can be found on page 3 of the MD&A published on SEDAR on august 12th 2016 : "(...)The Company intends to retain an investment banker for the purpose of divesting its residual assets, or in the alternative, seeking a transaction involving the sale of all of the Common Shares of the Company to a third party. The likelihood of such a transaction being completed is uncertain at this time. The residual assets are comprised of: - the V10 and clearinghouse software technology, with restrictions for use in Canada and the United States as described above; - potential unutilized losses for tax purposes in Canada and the United States; - public company status; and, - residual cash as the result of the sale of assets, less repayment of liabilities, if any. "