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Bullboard - Stock Discussion Forum Eguana Technologies Inc V.EGT

Alternate Symbol(s):  EGTYF

Eguana Technologies Inc. designs, markets, manufactures and sells fully integrated energy storage solutions, based on its power electronics platform, for global residential and commercial markets. The Company connects utilities with consumers, through its commercial and residential energy storage solutions. The Company also markets and sells a suite of micro inverter products, which are... see more

TSXV:EGT - Post Discussion

Eguana Technologies Inc > Possible delisting from the OTC
View:
Post by ToadyToadman on Jul 23, 2024 3:29pm

Possible delisting from the OTC

Yikes...
The OTC is the wild west of trading with minimal rules and oversight. Trading over the counter is a risk in the best of times but when even they are concerned and willing to delist EGT the outlook is very grim.

In Canada, the first step will probably be removal from the venture onto the CSE. The CSE is basically hospice care and removal from the OTC means noone outside of canada can trade although EGT may still be listed on the frankfurt exchange but now that EGT has exited Europe maybe that is on thin ice as well.
I assume Duracell's continued non payment will eventually result in a need for a courtcase that EGT cannot afford

Comment by ugluuak on Jul 24, 2024 10:34am
By saying Duracell you are referring to the independant liscensee Duracell Power Center or in this case OMEGA. Is OMEGA still building units for EGT?  I think not. Let us know if they are.