There is something to be said about Canadian halts.After 20+ years trading equities ranging from large caps to penny stocks on the U.S side, I came over to Canadian exchanges in 2017 motivated by the cannabis frenzy. The one singular event that seems to stand out most is that 99% of all penny stock trading halts occur on the Canada side and of those 99%, 98% are unwarranted or unremarkable, 1% are for accounting anomalies, and the other 1% is legitimate. In many cases the trading halts last for weeks and even months. Bewildering. In comparison, I can not readily recall out of the countless number of U.S penny stocks I invested in, or simply held in my watchlists, moments when they were not only halted, but halted as often in the course of one year as penny stocks on the CDN side are. There is something to be said of Canadian halts, and it begs the question, Why? Are Canadian stocks regulated in a manner more uncompromising than on the U.S side that this would be so? Or is it all simply fun and games to add to the frenzy?
Be it as it may, I do hope FSD Pharma's halt is worthy enough to bring about what a long term holder most desires. I might even accept that my trading halt probe simply took hold in my mind and will go on to wither away and die there.
I wouldn't bet against it though.