RE:RE:whats the delay here on deal...You have a C$4m market cap that will either do nothing OR they'll release a newsfeed saying that they've got a done deal financing in the bag imho.
Nothing happens = market cap most likely occilate between $3m - $6m
News release on a financing or 'anything' speculative market cap likely = $10m - $15m+
33m shares outstanding, carrying total debt of C$56k and I still think a reverse takeover a possibility, despite the denial.
In answer to your question though, yes, this is pure speculation, from these levels either a 30% loss on investment if you catch a low as interest fades or a X3+ bagger seconds after a trading halt news release of a financing/reactivation.
Take your pick!