Gatekeeper Systems Inc V.GSI

If there is material news,

[Seraphim1]

the company can not withhold it and legally must disclose it to investors.

Therefore the financing has not fallen through, nor has it been finalized yet.

The deal is obviously still being worked on.

[Ciao]

It's not obvious, and not likely to close.  3 missed deadlines already. No need to wait for the 11th hour to close this deal. Doug could be calling the investors, but they're not answering the phone. So technically, still being worked on. It's below pre-PP annoucement price and we've lost 3+ months of share appreciation potential.  Shareholders are upset and selling.

[Torontojay]

I'm sure they can give another extension. I highly doubt the tsx will tell these guys after all their hard work, " sorry but no soup for you" 

[Equity4]

100% correct! However, if it's down to the 11th hourand it's not done, excluding the possibility of a financial 1/4/yearend timing issue, then they could try and extend the deadline, worst possible scenario. This would lock down any good news from GSI until the PP is wrapped up  and you have to announce the yearend data fairly soon. I really do not know what to say here...