RE:Another question The co. is going private until it is generating revenues and cash flow. It will continue to make public filings. I doubt the SV shares will trade for long on pink sheets after TSXV delisting. I expect the co. to convert all SV shares to PV shares by doing a 1-for-100 consolidation. Then the PV shares will eventually have a value large enough (min. $4.00 US) to do a Nasdaq listing. The $100M funding is available to the company only after it lists on Nasdaq.
The Delisting would result in the Company no longer being listed on the TSXV and following completion of the Delisting and there will be no marketplace for trading of any of the Company’s shares. Following the Delisting, the Company will continue to be a reporting issuer in the provinces of British Columbia, Alberta, and Ontario and will continue to make public filings in accordance with applicable securities laws.
The Company also examined an accelerated paths to an uplist to a major U.S. Exchange, however it became clear that due to the Company’s pre revenue stage and current market capitalization now was not the right time to pursue this and that such a path would likely cause significant dilution to shareholders and extensive third party costs.