Q: I offer another point of view on getting rid of your losers staring you in the face every day. I generally agree with that thought but I have purposely kept one loser on the books , TREVALI,
( no capital loss advantage to be used ) , as a reminder not to be swept up in the exuberance of the moment ( zinc was going to go through the roof ) , to do more and detailed research , to listen to your head not your heart ( they were supported by Glencore , what could go wrong) , research ,research, research. Derek
( no capital loss advantage to be used ) , as a reminder not to be swept up in the exuberance of the moment ( zinc was going to go through the roof ) , to do more and detailed research , to listen to your head not your heart ( they were supported by Glencore , what could go wrong) , research ,research, research. Derek
Q: TV recently announced:
Trading of the Company's shares has been suspended since August 22, 2022 as a result of the Company filing for protection under the Companies' Creditors Arrangement Act ("CCAA") and this suspension will continue until the delisting takes effect. In addition to the TSX delisting, the Company expects its common shares will also be delisted in due course from the other exchanges on which the common shares currently trade.
Shareholders retain their legal rights and equity interest and are advised to contact their brokerage where shares are held regarding retention policies for unlisted shareholdings and potential for shares to trade in over-the-counter markets.
Can you please guide me as to what my options are.
1) are the shares I hold virtually worthless or is there a decent possibility that if I hold onto them I will receive something? what would you put the odds of getting something at and what do you think it would be relative to their last closing price of $.205
2) If I wanted to sell the share in the "over-the-counter" market they refer to, how do I do that
3) if it were you, what would you do?
Thank you for your advice
Scott
Trading of the Company's shares has been suspended since August 22, 2022 as a result of the Company filing for protection under the Companies' Creditors Arrangement Act ("CCAA") and this suspension will continue until the delisting takes effect. In addition to the TSX delisting, the Company expects its common shares will also be delisted in due course from the other exchanges on which the common shares currently trade.
Shareholders retain their legal rights and equity interest and are advised to contact their brokerage where shares are held regarding retention policies for unlisted shareholdings and potential for shares to trade in over-the-counter markets.
Can you please guide me as to what my options are.
1) are the shares I hold virtually worthless or is there a decent possibility that if I hold onto them I will receive something? what would you put the odds of getting something at and what do you think it would be relative to their last closing price of $.205
2) If I wanted to sell the share in the "over-the-counter" market they refer to, how do I do that
3) if it were you, what would you do?
Thank you for your advice
Scott
Q: Hi, do yo feel they manage to survive or go bankrupt. Greetings Peter.