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Cube Psytech Holdings Inc. T.P


Primary Symbol: P.CUUB

Cube Psytech intends to trade on the Canadian Security Exchange. There is no date set for the closing of their Initial Public Offering at this time.


P.CUUB - Post by User

Post by TOMMY1on Jan 25, 2017 4:02pm
409 Views
Post# 25754839

My concerns...

My concerns...

I took a major hit with this stock after the big drop (after Q3 results) and decided to bail and will not jump back in as there are a few [major] unresolved issues lingering (in addition to the declining price of gold). Things could get a whole lot worse and no one seems to address these issues. I thought I would share my concerns:

1) Potential NASDAQ delisting - they have so far not maintained the US$1 price (which is required to be listed on the NASDAQ). If things don't turn around, they will be delisted. They have 5 months left:

https://www.streetinsider.com/Corporate+News/Primero+Mining+Corp+(PPP)+Receives+NYSE+Non-Compliance+Notice/12372284.html.

2) No update on labour disputes which has impacted production and which caused them to miss their Q3 guidance.

3) Credit facility to be renegotiated in March and with the company's current situation, the renew terms and interest rate may not be favourable. 

If you don't agree shareholders should be concerned about the above, let me know.


 

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