Our Canadian Brother/Sisters Have Been Under Cease Trade...
...since Friday the 13th, of April 2012. Going on being stuckholders for six-months now this coming weekend. Friday the 13th. Management seems to pick great days to inform commons, don't they? Christmas Eve for the CCAA announcement, and 9-11 for one of the Stay deadlines. Maybe it is a big joke or something to management.
Next Stay deadline falls on a Sunday, so management will likely get extended to the Monday, so 32 days to work the Plan out. Of course, that is just a guess since commons find out several days later, depending on whenever the Monitor (oxymoron title) gets around to it. Who knows, maybe there is a Plan already.
Canadian traders may trade under limited circumstances, such as for a tax write off. And the seller must give written notice of what is going on (CCAA) to the buyer. Also depends on liquidity, of course if anyone else actually wants to buy. Entering the KRY ticker on the TMX, comes back with "The Symbol You have entered is not valid."
Any CEO who allows a stop trade or trade suspension really has no actual care for shareholders. One other note about the CEO. He is associated with SDRG. So? Well, SDRG recently had trading suspended, and now resides in Greys. Usually these guys do not change.
Still, Hopeful for Commons.
GLTA
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