Gatekeeper Systems Inc V.GSI

There is absolutely nothing:

[ramman1]

To say, ''WHEN'', a material change has to be reported .This thing could have fallen apart   weeks ago.  --Doug could come out Tues with a positive ,glossy N/R highlighting a couple of contracts, and (maybe) the fact the TD l.o.c  has been increased, and in ONE LINE in the middle of a muddled N/R ,say the previous potential financing is not being pursued,end of story. --No reason or time has to be given, only just minimal final notification, hidden in a N/R.--It does not smell good.

[iTrader2K]

This would imply that Doug has been deceitful and knowingly provided false information to shareholders in private correspondence. Many of us have reached out to Doug personally and the message has been consistent. I don't believe for a second that this could have fallen apart weeks ago. There are obviously significant hurdles to overcome while dealing with international clients during a global

[robert41]

seriously?? the pandemic has nothing to do with wiring money from bank to bank and lawyers or brokers fedexing documents..i have yet to see a financing handled this way. completely unprofessional! dont throw out a bone of maybe november 20th... should have just said december 1.. if it closes early great if not you dont look like a dummy again. 

[BuyorSell77]

This post has been removed in accordance with Community Policy

[BoardAddict]

I doubt they would wire $6.5million, so yes the pandemic does have something to do with it.  I have had up to 6 weeks delays "wiring" money from account to account due to delays caused by the pandemic.  In fact, some institutions only get mail twice a week as mentioned by the institution when I asked them about the long delay.   I have no doubt this will close, even if

[robert41]

of course you will wire the money they wont be waiting for a fed ex bank draft and taking 6 weeks to wire money is just insane. there can be a couple of days for clearence if its from over seas but thats it... theres way more to this story.. the first two releases didnt even give an estimated closing day that didnt happen until the third release when they announced and increase to 6.5 and an

[ddogold]

Definitely a major disappointment . We’ll see what the next news release says but I’m of the opinion that the damage has been done . Unless there is some closure I’m planning on cutting my losses and moving on . The markets are rocking and I can reinvest elsewhere . Sad really .

[Torontojay]

Its hard to blame Doug if the deal doesn't come through. These investors were probably not well prepared for this and Doug didn't see this coming. In any case I hope this is investigated if the deal fails as it would be highly suspicious and perhaps tampering with the stock market rules. 

[Torontojay]

The market has you by the balls now. Forget about the next week or next month. Do you really think the contracts will stop coming through because of the private  placement blunder? Remember that in the long run it's Doug that will move the needle in the stock price and a patient investor will be buying here quite the opposite of your intentions. 

[Ciao]

Gotta agree with you.  Hopefully it closes, but the odds don't look good at all. If it doesn't, Doug got duped and so did those who bought shares based in part on this PP closing. If it doesn't close, it's a major stain on an otherwise good year for GSI. The market hates uncertainty, once we know, we need to get back to business.  This distraction has killed the upward

[davewho]

just what part of " must immediately " are you having a problem with? The TSX-v regs are clear. Doug only had a say in  1 - the initial acceptance of the PP along with the GSI BOD's 2 - the filing of paperwork with the TSX-v and request for extensions 3 - issuing of NR's since 4 - if/when the termination of the PP along with the BOD's input. He has given no