The 'news' isn't really new.Yes, read all this before, talk about winding down operations, can't pay bills...Some things just don't make sense.
look at the date below
January 20, 2017 18:48 ET
OneRoof Energy Announces Certain Defaults
Continues Wind Down of Operations
SAN DIEGO, CALIFORNIA--(Marketwired - Jan. 20, 2017) - OneRoof Energy, Inc. ("OneRoof" or the "Company"), a residential solar services provider and wholly-owned subsidiary of OneRoof Energy Group, Inc. ("OneRoof Energy") (TSX VENTURE:ON) today announced that it is currently in default under its head office lease for failure to pay rent. This default also creates a default under the Company's secured loan facilities, giving the secured lenders the right to accelerate and demand immediate payment of all outstanding balances, including principal and accrued interest, under such loans, totaling approximately US$100 million in the aggregate. The Company is in discussions with its landlord regarding the head office lease default; however there can be no assurance that any compromise will be reached, and the Company could be forced to vacate its office space, in addition to its liability for unpaid rent (which is currently in excess of US$160,000). The Company has not received any notice of default or acceleration from its secured lenders; however there can be no assurance that the lenders will not cause such indebtedness to be accelerated and immediately due and payable in full. The Company's liabilities under the secured loan facilities greatly exceeds the value of its assets, and an acceleration of the secured loans could result in the foreclosure of all or substantially all of the Company's assets.
https://www.marketwired.com/press-release/oneroof-energy-announces-certain-defaults-tsx-venture-on-2190035.htm
So its been public knowledge for quite some time, bad news has been out for a while.
Things don't add up.
I'm wondering why:
its still listed?
its still trading? (this is a 'net sum zero game' or, for every seller there is a buyer,
so who's buying 850,000 + (or 1,142,050) shares today? of a soon to be defunct company?)
why did it trade up at .045 on pretty good volume lately? (3-7 March ,after a month and a half of bad news)
Then today it gets halted, NR looks bad, hints of bankruptcy, then trades again ?
Hits low of a penny then closes at .02. wth
Then there was a notification of a special meeting.
Wonder what there would be to vote on?
A vote seems to imply some kind of options, no? ('options' as in alternative choices)
What kind of choice would there be?
Not saying that its not over, it may well be, it just seems wierd the way things are happening.
Ah well, no doubt we will find out eventually.