Most traders with a modicum of experience would then know a company cannot dilute its share offering when under a cease trade order. How do you know they are keeping the hype down intentionally? They were slapped IMO by the Canadian regulator for making ridiculous claims and it was addressed in their last investor update in June of 2020, almost two years ago-regarding the cease trade order and the inability to raise capital. Surely any experienced trader would know not only how to conduct research but also would know what the cease trade order means. If they wished to raise capital they could themselves ask for a variation order from the regulator such as raising funds to have the audited financials completed and submitted in order to get this trading again. That avenue is open to any issuer under a CTO in Canada. In other words, in case some lack a modicum of knowledge, the company can ask the Canadian regulator to vary the cease trade order to allow them to sell shares to raise capital to have the audited financials completed, now six years worth, plus all associated late fees and legal, and accounting costs. I am sure any competent legal team in Canada would be capable of advising them of this potential avenue. However, given some of the ridiculous claims of assets (16 ounces per ton, cannot lose on the Preferred B Shares, going to the Nasdaq, going to the TSX for example) the regulator may not be of the mind to grant the variance. The dilution occurred before and after the cease trade order but now the regulator will watch for any further signs of a breach of order which could land the principals of the company in jail for violating the order. According to the OSC a breach of order is the same as a contempt charge and the courts could order jail sentences and fines or just fines for any such breach.
