Q: any idea when this stock will start trading again? Thank you
5i Research Answer:
No; there is very little information forthcoming here. We have no new info here, but the halt likely relates to the press release of a $40M financing. With just a $56M market cap, regulators likely need to investigate such a large deal in case it results in a change of control or needs shareholder approval due to the size. Typically such halts relate to late filing of financial info, but the company filed this at the end of February.