Yep, I remember. I guess I still feel they are hunting for their place in the sector. I do understand it’s a hard place to get traction.
That being said things are going far slower in general than I thought they would. The reasons are clear and not their fault.
We still have the R/S which was approved May 25th. They have yet to play that card.
From the filings:
“Approval of Share Consolidation
A resolution authorizing the board of directors of the Company (the “Board”), in its sole
discretion, to consolidate the common shares of the Company (“Common Shares”) on the
basis of a consolidation ratio to be selected by the Board, provided that such ratio is within the
range of 1 new Common Share for every 1.5 to 3 old Common Shares and to amend the
Company’s articles accordingly”
When that is done it should lead the way to the NAS cap market which at this stage is what they need.
But we’ll have to see how it all plays.
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