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Tuesday, December 15, 2020 5:14:17 PM
What do I do if I own shares in a company that has a cease trade order (CTO) issued against it?
You have two options:
Hold onto your shares in case the CTO is revoked; orConsider claiming a capital loss on your income taxes.The company is responsible for complying with Ontario securities law. Once a CTO is issued, it is up to the company - not the OSC - to correct the deficiencies and apply to have the CTO revoked.
You may want to contact the company directly to find out how it is addressing the CTO. Company contact information is available on the company’s profile on the System for Electronic Document Analysis and Retrieval at SEDAR.
I have emailed Jeff 3 or 4 times with no response unfortunately
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