They told investors they could not raise money and they applAt tsx for hardship telling tsx officials they tried all options to raise money and WE EXHAUSTED ALL OPTIONS AND COULD NOT RAISE ANY MONEY
lawyers are obtaining copy of their signed application for hardship
strange they never did rights offering several months before takeover they knew they could have raised lot of money since they raised 38 million within weeks AFTER they wiped out retail investors with their planned takeover
they knew by taking 150 million writedown re ivig stating is was worth ZERO after investing 100's of million and completed phase 3 This gave them ok to shut down atm that was approved few months before for 50 million and they only drew 4 million and they could have had a second atm
''they never asked investors during meeting between Pritchard,best and group of investors in Laval and out west in January 24,25 2019
''WHAT WILL THEY SAY UNDER OATH DURING DISCOVERY OR IN FRONT OF JUDGE WHEN THEY ARE ASKED TO LIST all the options they tried to raise money,all financial institutions they asked for financing
what will they said when lawyers ask them WHY DIDNT YOU DO RIGHTS OFFERING IN FALL 2018 THEY CANT SAY WE DIDNT KNOW SINCE THEY DID IT MONTHS LATER
also clear if they would have raised money they would not have met criteria for hardship at tsx and they would not have been able to wipe out retail investors