#1
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Shares halted!
Back in may, I bought some shares from Magistral Biotech (MBS from TSX Venture Exchange). Since that, these shares kept falling and now they are "halted" at 0.06$. The reason seem to be that Magistral Biotech cant pay their debts anymore and that they will be acquired by another company. I would like to know what that exactly means (will lose thoses shares? are they still worth 0.06$?). I provided a link to the news release that explain it all.
http://www.stockwatch.com/swnet/news...;news_region=C Any information would be greatly appreciated! |
#2
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Re: Shares halted!
From the release...
[ QUOTE ] Magistral has made a request to the exchange in order that the trading of its shares on the exchange be halted until the closing of the proposed transaction, in order to facilitate its completion. [/ QUOTE ] It simply means that you won't be able to trade the shares until the transaction closes. You will probably receive a package of info explaining the impact of the merger and asking you to vote for it. |
#3
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Re: Shares halted!
You actually had problems with a stock you bought on TSX??
Amazing. [img]/images/graemlins/grin.gif[/img] |
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