Chalice Brands Ltd (CHALF)

[JimofRidge]

There is another possible outcome. GLDFF could be the acquiring company and our management team is in total control. This happens if their SP continues downward and they need protection from creditors. They can file a Chapter 11 which allows them to renegotiate with the creditors. Some assets could be sold off to increase cash on hand and pay down some of the creditors.This is only my opinion and is not a basis for what will happen. It appears only our team would be able to list on the CSE so it would have to be GLDFF as the acquiring merger company. In a Chapter 7 all assets are sold off to satisfy creditors which would wipe out shareholder equity.