RE:RE:Stans - a reverse merger?TG, I don’t think that Neon is close to any outcome with Krygyz over the Kutessay-11 rare earths deposit. Now they make no mention of their Stans approach. Their only other project is a copper and gold project, a ways from any estimates and guess where, Northern Krygyz. I can’t see even Boris wanting to do anything related to that country again. Nor, would new retail investors buy into such a volatile asset site only exacerbated further by the Centerra issue.
Any reverse merger of worth to Stans is one that brings an asset with value that investors can at least sense has some location ‘security’ and potential economic value in a rising market sector. Other rm’s have seen e.g., biotech, gold and real estate assets involved, often a complete change for the company that is already on the market.
As to the OSC of which I have no experience, I suspect they have some similarities with the processes adopted by the TSX compliance Dept’, of which I have had a little involvement. They operate at their own pace, no contact with investors after any initial approach to them. They only work with the company at issue. The only information that comes out (until a final outcome is achieved) is from the company involved.
Remember, basically the company can put any spin they want on the ongoing actions’, including to pacify their investors. ‘Fair’ does not come into anything, although when your money is tied up that’s not easy to accept. It’s all about documentation and meeting the legal requirements of these depts. Again, they operate on their own timelines, not those of anybody else involved (and they don’t need to validate their actions to company or investors).
As I have said in the past, companies can use trading halts for their own advantage. The one I was involved in is still in halt nearly 7 years on! I think my efforts helped get it moved off the TSX to the NEX, but I am numb to this process, no emotion. The company now just meets the legal requirements. The next step is bankruptcy though they have claimed a rm is coming for the last 3 years!
Hang in there, but in my opinion try to jettison the emotion. Stans is a coupon. It may eventually play out or become a tax loss, but as to ‘fair’ the OSC and Stans don’t care (again, Boris gains nothing by coming out of the halt now without a serious change of company circumstance).
GLTA -
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