RE:RE:RE:Over 11 million shares offered at 6 cents on level II It's not being shorted at 5 cents, it's just that the retail have lost confidence at this price. Canada bulls has QUIT status on this co, the earlier companies where Canada bulls said Quit were beleave inc and kash blockchain and both went bankrupt.
This is a co which is very difficult to turnaround IMO, the promoters seem to have some other questionable plans, takeover through a stalking horse after CCAA
the last raise at 4.5 cents seems to have facilitated the short covering for the fund which was doing it.
with a massive dilution, no cash to run operations and a debt which has been paid and being staggered continuously, what are the chances of this surviving?
I hope investors are able to get their money out of this, keeping your principal amount safe is your first and most important responsibility and don't indulge in FOMO, if it was too good to be bought, the volume wouldn't be like this at 5 cents, 52 week low