our options
posted on
Jun 25, 2009 03:27PM
Engineering, procurement, construction & management of crude oil refineries.
To clarify
We are faced with few options. Mrbellamy had a good suggestion but it has a hitch. To trade on the NEX TSX>V would be ideal except we would have to pay 25000 to trade there for a few weeks, plus raise the 300K beforehand.
Likewise, speedymac's contribution of trading on multiple exchanges, called interlisted would work and is the plan...but once again we would have to wait to meet all CNSX requirements, which will cause further delays
A pink listing as our only marketplace would be a temporary measure, until CNSX approval, which would feed off the initial pink listing...improving the time lag....no other reason ej...that may be difficult for you to comphrehend that someone actually does anything for free for the good of all concerned.
And lint...dont squint too hard at the fine print and accept face value of the sincerity of myself and MF to do the best possible with limited tools and the pressure of time. There is no magic 90% quotient...this is what i expect our board to come in at to bolster the resolve of management.
An interlisting will happen and RRSP concerns will not become a reality. By the time revcan figures out that we are pinksheeted only and issues a letter, the problem will be solved as we will be trading on the CNSX..an RRSP eligible exchange.
As a business decision...stand away from the trees and look at the forest. An asset that is worth nothing that can be turned into an asset, albeit with a possible tax tariff is a wise decision. Opposition to this dumbfounds me...and I havent heard a legitimate negative argument yet.
As the addage goes...'You can lead a horse to water...but you cant make him drink pink" or something like that.
I have hopes the nos will reconsider........if not, methinks that your bitterness towards Mf is clouding your judgement. You would rather sit on your hands and complain that take a positive move
royrogers