Ventura Cannabis and Wellness Corp CVHIF

Delisting on CSE is not necessarily the end........

[brentski99]

It is still a corporate entity which is registered in the Province of British Columbia. If they keep filing annnual reports they will not be struck from the corporate registry. Tax returns filed will keep the tax loss carry forwards alive. If they keep this shell company which has now been stripped of assets current or even close to current on filings until the creditors give up - as they say you cannot get blood out of a rock - it will survive. Unless they formally wind down the company. Why bother - most people don't. I speak from experience. The filings to keep this alive are cheap, cheap cheap!

PS - It can be quoted on the Pinks and even trade in the Grey market as long as they have a market maker which isn't that hard to get.

[BubbaNeedsMoney]

I think I read them saying that after all is said and done, they expect a 1.6 cent valuation for the remaining shareholders.

[TheProphetElijah]

From the circular "Return of Capital and Dissolution Procedure If the Shareholders approve the Return of Capital Resolution and the Dissolution Resolution, the Board of Directors intends, unless it is determined the Return of Capital and/or Dissolution are no longer in the best interests of the Company" A reverse take over is possible if somone wanted to fast track a publicly