Chalice Brands Ltd CHALF

possible explanation posted on Reddit by Quantricko

[PortHuron4evah]

Upcoming dates and events

Hello,I wanted to try and summarize upcoming events based on recent Chalice Brands regulatory filings.

• November 14: Debenture Holders' meeting. An aggregate of C$ 4M principal amount of Debentures are issued and outstanding. An aggregate of C$ 0.2M of interest was due as of June 30, 2022. Because trading was (and still is) halted the Corporation cannot pay with shares. It is thus seeking to extend the time for repayment until November 16 2024. Interest will continue to accrue on the Debentures at a rate of 10%.

• December 16: Shareholders' meeting.

Source for regulatory filings: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00033830

What I read between the lines is that the delay in 2021 financials created a snowball. Since financials were late, trading was halted. Since trading was halted, debenture could not be converted into shares. Furthermore, until financials are officially submitted it is difficult and risky for management to make public remarks about status of the business. Because of this limited communication, shareholders are worried. Financials will have to be published before the shareholders' meeting, hopefully there is light at the end of the tunnel

[TheCanadianDude]

You are a manipulative crook and an exposed pumper. For once tell the truth that this is a ploy to hide the financials. Instead, tell us WHY did the CFO #2 resign, Why did CFO #1 resign, Why did Auditor # 1 leave? Where is Auditor # 2.