Reconnaissance Energy (Africa) Ltd V.RECO

My Prediction 2.0

[Oregonduck]

My prediction in Nov. 2022 will happen. Cash in bank C$77 million and royalties payable C$74 million as of Sept 30, 2022.
Deloitte LLP had abruptly resigned. No successor auditors engaged. Year-end financials for Dec 31 must be audited as a condition for listing.

https://stockhouse.com/companies/bullboard?symbol=v.reco&postid=35092845

[Frank007]

Vancouver ....the king of cons...if you want to read a good book on how it's done ..read fleeecing the lambs.   The story of the Howe street scammers

[quackyquack]

This post has been removed in accordance with Community Policy

[quackyquack]

This post has been removed in accordance with Community Policy

[Yo_Dog]

Mr Duck  Yes, good point. The CDN 'listing guards' seem to be a bit soft on that, from what I see. Giving lots of time to get your house in order. But, if they can't ... they get delisted. Not sure how it works for the US listing. My question is; how do the shorters cover without a trading listing?

[Oregonduck]

The link below explains what would happen. For instance, stocks that are also dual-listed on US Over-the-counter market may continue to trade for a few pennies with a designation that they are bankrupt. https://finance.zacks.com/happen-short-stocks-bankruptcy-8444.html

[pacer001]

Now I can't speak for Canada but there have been some securities in the US that have gone bankrupt and still were trading.  One was Tribune $100 bonds that after their bankruptcy went to .59 and I bought a nice bunch that after bankruptcy went as high as $28 way back when. Got a nice car out of it but it was a strange situation. Then more recently we had Hertz. Actually after