RE:RE:RE:RE:No Merits in ClaimMONITOR wrote: There may be a few angles we can go with. I am not ruling out success as yet. After the halt of trading on the TSX, a large amount of shares changed hands for $0.64. If those belonged to Alfa then we may have a case that ours should also be paid out at $0.64 or that may also be a case for fraud.
I hope you're right but where you're heading is a cul-de-sac, or dead-end. I warned people to bail when the stock was above $1.00...People had plenty of chances to sell, and Alpha was a shareholder like all investors. They lost hundreds of millions in the stock collapse... Weeks before April 19, 2016 when the stock was halted, Pacific had given fair warning that their old common shares would have no or nominal value. ..People were still trading the stock like crazy with the last price at $0.64 just before the halt on TSX. Even though it was halted by TSX, people bought and sold large amount of shares at the US Grey market. As for Alpha, it is hard to say that Alpha had traded with inside information not disseminated to the public since all the bad news was out in the public domain...The courts are not there to protect the folly of investors... (https://pacificenergy.investorroom.com/2016-04-26-Pacific-announces-delisting-of-common-shares) READ the News Link on April 26, 2016 put out by the Company.... "...the Company's existing outstanding common shares will be (i) cancelled for no consideration, or (ii) subject to extensive dilution such that, following completion of the Restructuring Transaction, existing holders of common shares will hold in the aggregate only a nominal amount of the reorganized Company's equity and associated voting power."