Brian, as I indicated in my earlier posts, there are definitely other issues that need to be cleared up as well. However, the only way they get the cease-trade lifted is to have the financials completed and filed, so in reality this is "the" major issue. And with the suggestions about the state of the company's finances, the financials are also of more importance than they might be at other times.
Now as far as the company's ability to negotiate financing, JV's, acquisitions, etc. I would have to double check what the official verbiage used is. My understanding however, is that they are limited as to what they can do, in that respect, but not totally hand-tied. A straight financing (no shares, warrants, convertibles, etc.) I believe can be done. However, anything that would require any form of share issuance could not be. That's my current understanding of how it works. As for just the negotiating, I don't see how that could be stopped, they simply would not be in a position to "ink" the deal until reinstatement had occurred. I also do not believe that there is anything preventing a prospective partner of any sort, from continuing their own DD, during the cease-trade.
I'll try and verify my understanding tomorrow.
Salut,
Leigh McBain |
