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Friday, October 23, 2020 9:05:52 AM
"Unfortunately, the cease trade order that was issued by the Alberta Securities Commission against the Company in July 2018 has negatively impacted our ability to execute on growth prospects and normal day-to-day business operations. As a result of this cease trade order, we are prohibited from selling securities (including shares of common stock) to raise capital. Legal and other costs associated with remedying the cease trade order (as well as other miscellaneous operating expenses) are being advanced out of pocket by key team members. We are committed to this Company and doing everything possible to see it succeed.
Ultimately, a successful resolution to the cease trade order is very important to the future success of the Company. We have retained top securities and litigation counsel to guide us through the process but cannot provide any sort of timelines or guarantees of outcome"
So, inotherwords, nothing has happened CTO still there and probably won't ever be lifted.
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