Wrong. I'm not the one confused. The delisting has nothing to do with the actual b/k terms, which STILL include eventual share cancellation. Delisting and share registration, which Ignite still has, are not synonymous.
That said, share cancellation is not the same as deregistration, which still allows shares to trade, but without an SEC designation. Share cancellation equals, poof, worthless and untradable shares.
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