RE:RE:RE:RE:RE:simply crazy valuation !!Just in case anyone actually cares here, this from June 1 news release which may explain todays halt. Think this is dead $$$ ..
The Corporation also announces that it will be making an application to Autorite des marches financiers ("AMF"), the Corporation's principal securities regulator in Canada, under Policy Statement 12-203 respecting Management Cease Trade Orders ("PS 12-203") requesting that a management cease trade order ("MCTO") be granted in respect of the late filing of the Annual Filings and Interim Filings. There is no guarantee that a MCTO will be granted.
Further, if a MCTO is granted, the Corporation's directors and senior officers and other insiders will not be able to trade the Corporation's securities while the MCTO is in effect, and the Corporation will be required to comply with the provisions of the alternative information guidelines as set out in PS 12-203 for so long as the MCTO remains in effect, including the issuance of bi-weekly default status reports by way of press releases. The Corporation is not currently subject to any insolvency proceedings. If the Corporation provides any material information to any of its creditors during the period in which the MCTO is in effect, the Corporation will also be required to file a material change report under its profile on SEDAR (www.sedar.com) containing such information.
The Corporation is, and has for some time been, taking active steps to address the going concern issues exacerbated by the impact of the COVID-19 pandemic and is actively seeking additional funding to be secured in the coming months.
Unless and until such time as the Corporation files the Annual Filings, the Interim Filings and its Annual Report, shareholders and potential investors of the Corporation are urged to exercise extreme caution when dealing in the securities of the Corporation. If a MCTO is granted but the Corporation is unable to file the Annual Filings and Interim Filings prior to the expiry of the MCTO, it is anticipated that the AMF will issue a general "failure to file" cease trade order ("CTO") prohibiting the trading by any person of any securities of the Corporation, including trades in the Corporation's common shares made through the TSX Venture Exchange, which would take effect shortly after the expiry of the MCTO and would remain in place until such time as the Annual Filings and Interim Filings have been filed. Trading prices and volatility of the Corporation's securities may be negatively affected and any investment in such securities could suffer a significant decline or total loss in value.