Could have done without the tape unpainter at 2.30 at 13:55. Took $8750 of my closing portfolio value. Mya go sidewyas for a while now,.
Since they are still listed on TSXV I expect they will still file on SEDAR. Last year they reported on May 1. Two months to find a deranged white knight. If the curretn holders are furious now, just wait till they see how many shares they have (post R/S) and what they are worth. Will and where will they be listed/traded? Wonder if they already burned through the 25M Interim facility. Unsecured vendors are probably very nervous. Tic-toc.
Will be going to Toronto on May 15 , maybe will drop by the office and see if they are still there. :-)
Read the annual report and recent presentations. Will answer these and more.
You just don't get it. The current shares are just about worthless. After the re-org they will be worth about .001/share. Mkt cap, number of shareholders. price and lots of other requirements will keep them off NYSE. TSXV PDL.TO and OTC PALDF will continue to list them. You didn't listen then and I expect you won't listen now. You have a lot of ill will trying to suck or keep others in this stock.
Their hit happened a long time ago. The drop from.20 to .05 just the last nail. Likely vote yes as there is no alternative.
Do not buy more. Stock IMO headed to 0. Salvage what you can. CAn be sold OTC as PALDF. Speak to your broker, sell PALDF and then move your account elsewhere. Just curious who is your broker?
Who is "they"? NYSE de-listed PAL. PALDF is the OTC symbol assigned by the OTC. No attempt to deceive here.
Shorts do exactly what longs do - buy low and sell high - only they do it in the reverse order. And not necessarily hope of company failing but that the stock is too high relative to the company prospects.
The fact that MCP is proving the shorts correct is not the fault of the shorts , it is the fault of MCP.
Ex-db holders (who converted) hold a lot of shares. PAL would not have gone through all this unless the were pretty sure of the vote. You will get a proxy and can vote your shares. Nothing illegal about asking large holders what they will do.
If they are in negotiations then surely no div announcement until after that is over. Declaring a div before that would be pouring gasoline on a fire.