Chalice Brands Ltd CHALF

questions regarding recent trading halt

[Heywood_Silvers]

IIROC enacted a trading halt due to Chalice not meeting the deadline to file their annual audited financials, correct?  So, the resolution to the trading halt would be for Chalice to file.

I understand that there have been some serious delays with the filing, but is it not possible that they  just have a very poor, disorganized auditor as alluded to in Chalice's recent press release related to the delays?

What is the worst possible outcome with regards to the pending audit?  That would be if the auditor issues an adverse opinion on the financials, which could be indicitive of fraud.  I don't believe that is what most investors are necessarily worried about.  Gamesmanship with insider activities and debt and such maybe, but fraud?

Let's not forget that although the financials are delayed, sales and the day-to-day activities of Chalice continue regardless.  I understand the frustration of shareholders with the month plus of a trading halt, but some posters claims that the stock is effectively worth $0 seem to be a bit of hyperbole.

[SepiJM]

@Heywood Excellent post and thank you for introducing a new perspective. To add to your insight, Chal hired a new CFO a little while back. I think she was hired around the beginning of 2022. With the new interim CFO announced today and the change of auditors (as you mentioned), it may not be so weird that trading is halted. Obviously there is a level of disorganization as they are months behind

[Here4thekeks]

Simple Sepi (Blazer); to answer your concerns about debt:  DEBT is due in November Current DE Ratio  is 68 What this means (to uneducated pumpers like you) is  FOR EVERY DOLLAR CHALICE OWNS, IT OWES $68 NO FINANCIALS SINCE 2021 DElisting is imminent.

[Heywood_Silvers]

Hi Sepi, thank you for your response.  I primarily invest in the junior resource sector, but given the small market cap of CHAL and that it also trades on the TSX there are some similarities to draw upon.  The major issues/complaints you run across in the junior resource sphere are how management treats the company and its shareholders.  Some managment teams treat the company as a

[SepiJM]

Hey, Heywood. Thank you for your response. I'd like to retract my statement about a new CFO hired around the beginning of 2022. After some research, the resigned Andrew Marchington had previously left Chalice Brands, then returned full time. This was announced in the youtube Q3 release of 2021. I apologize for the mistake. As you know, marijuana companies accross the entire sector have been

[GustheGreek]

Answer to your question Sep is NO. We here on the Canadian side can't do shyt with our shares until it resumes trading, IF it ever resumes trading. Unfortunately we can't trade Canadian shares for U.S. shares.

[SepiJM]

Thank you for your response, Gus! PS, agreed and I'd argue that you missed a few names lmao. It's embarrasing that they are so confident, yet never back a single claim. I've asked to show their math prooving a D/E ratio of 68 instead of copying/pasting from yahoo. If the division of 2 numbers is too difficult, investing is a concept that will never be understood. However, I strongly

[TheCanadianDude]

Oh SepiJM/ AKA PortlandBlazer: You are admitting you lied in your responses? Oh well, isn't this what you do for a living Blazer? Trading is halted and might be delisted so who are you trying to entice? LMAO

[GustheGreek]

Careful what you post on this forum, there's some idiot bagholders here that may label you a pumper, simply because you're making sense and stating facts.