LIXXF...Something strange going on here...some kind of breakdown in the buyout that was approved Feb. 6...?...$funding?...Court not agreeing?... ...or some algoBoT trying to fake everyone out... PRICE almost went back to $1.70 Buyout news Dec. 18... C$2.61 buyout is USD $2.08/2.06...which is where price has been sitting until recently...=google search 2.61 Canadian dollar = U.S. dollar
http://www.lithium-x.com/news-release/effective-date-for-completion-of-plan-of-arrangement-with-nextview-new-energy-lion-hong-kong-limited/ The reverse break-fee of C$20 million, an amount that is significantly higher than the market standard for break-fees, is being held by the depositary in Canada and the Company expects the remaining funds will be wired to the depositary during the first full week of March, 2018. The Company expects that the Effective Time for completion of the Arrangement will occur the day following the Depositary’s receipt of the required funds.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.