Q: I own these 2 stocks in a non-registered account. Can you please tell me what the trading status of these 2 stocks is and if they are still viable businesses. If it was you, would you continue to hold them in the hopes of a turnaround or write them off and take the loss.
Many thanks
Scott
Many thanks
Scott
5i Research Answer:
ALY still trades, at 1.5 cents. Its market cap is less than $2M and it has negative cash flow. We would not really expect this to survive, though a public listing does have some value (a private company could arrange with ALY to use the listing to go public). LTV itself in September announced such a reverse takeover, with Tradewind Markets. But the circular for this transaction is not yet available. But this should allow LTV to trade again if all goes well, under a new symbol and with a new business. But we would not expect miracles here from a stock that previously was 4 cents and will likely get diluted down significantly.