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PlantX Life Inc. (VEGA.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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0.03000.0000 (0.00%)
At close: 03:59PM EDT

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  • T
    Tim
    MCTO now confirmed. Buried under pump for Canadian juice website. clock is ticking. "The applicable Canadian securities regulatory authorities could determine, in their discretion, that it would be appropriate to issue a general cease trade order against the Company affecting all of the securities of the Company."
  • T
    Tim
    If people looked into this, they would see that CEO Rapkin gets paid >$500k a year in salary, and that "founder" Sean Dollinger gets a "finders fee" when PlantX spends shareholder money on a failed acquisitions, which are largely paid for by long-term stock dilution. It's a grift! The idea is to keep the party going as long as possible, to find as many inventive pumps etc. to suck out as much money as possible, and then to walk away from the flaming heap....
  • T
    Tim
    Missed the July 29 deadline. Waiting to see if Management Cease Trade Orders (MCTO) will be approved. Seems most likely outcome, but does that include SD and his friends? Also, may or may not be able to satisfy bi-weekly default status report provisions as a requirement by an MCTO. Bottom line? With or without an MCTO, PlantX is now on very thin ice. Investors could be frozen out with trading suspension at any moment. (And of course once REAL auditors have a look under the hood, well, then it’s all over but for the crying).
  • D
    Dave
    How is all this even remotely legal?
  • K
    Kenny
    5.1 – Full Description of Material Change
    On July 11, 2022, the Company announced it may not be in a position to file its audited annual financial
    statements, management’s discussion and analysis and related certifications for the fiscal year ended
    March 31, 2022 on or before July 29, 2022, as required, due to the additional time needed to complete
    the previously announced restatement of the Company’s annual audited comparative financial
    statements for the fiscal year ending March 31, 2021 and to implement additional internal control
    procedures as a result of the restatement process.
    Accordingly, the Company has requested, and has applied for, the issuance of an MCTO under the
    provisions of National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”) from the BCSC,
    as principal regulator, so as to permit the continued trading in the Company’s common shares by
    persons other than by the Company's chief executive officer, chief financial officer and any other persons
    or companies at the discretion of the securities regulator should the Company miss the required filing
    deadline. Although the MCTO application has been made, there is no guarantee or assurance that the
    MCTO will be granted.
    The Company also confirms that it intends to satisfy the provisions of NP 12-203 and issue bi-weekly
    default status reports for so long as the Company remains in default of the annual filing requirement.
    The Company is not subject to any insolvency proceedings nor is there any other material information
    concerning the affairs of the Company that has not been generally disclosed.

    They WON'T get their financials in before the deadline, July 29th. Stock will stop trading unless they receive their MCTO, which won't happen.
    They are finished.
    On to the next grift, Sean Dollinger!
  • L
    Lyndsey
    bought 27,000 at 0.025 yesterday. average is now 0.052. hoping they walk the price up to 8 cents and I'll walk away with a bit of green
  • A
    Adrian M
    Huge upside over limited downside....Staying in for now!
  • M
    Maxime
    "We listened to the feedback of shareholders, and have secured financing at attractive terms"
  • A
    Anonymously
    Will this move on earnings?
  • T
    Tim
    "Capital Y Parties or their clients...may at times own positions in the companies described in this report." Are PlantX, or SD or Rapkin "clients"? It's called pay-to-play. Further, "Capital Y Management LLC makes no guarantee as to the completeness or accuracy of the Information, nor can it accept any responsibility for any errors in this report." At some point one assumes the truth will come out. Meanwhile, enjoy this last desperate pump....
  • j
    jas
    is this the same company every here is talking about? ..... https://plantx.com/
  • T
    Tim
    0.035...This 0.05 placement is in serious trouble.
  • T
    Tim
    Death throes. Congrats to all on this board who warned newbies about the serious management issues and lack of transparency at PlantX.
  • K
    Kenny
    Accordingly, the Company has requested, and has applied for, the issuance of a management cease trade order ("MCTO") under the provisions of National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") so as to permit the continued trading in the Company's common shares other than by the Company's chief executive officer, chief financial officer and any other persons or companies at the discretion of the securities regulators should the Company miss the required filing deadline. Although the MCTO application has been made, there is no guarantee or assurance that the MCTO will be granted.

    If PlantX doesn't get their financials up to date by July 29th, the stock stops trading.
    Reading between the lines, the regulators are on them. Pathetic, unprofessional, and shady. The Sean Dollinger way. Run.
  • M
    Maxime
    They couldn't even find enough investors to close a financing at 5 cents a share, yes that's right, 5 cents. What a spectacle.
  • A
    Anonymously
    Earnings after market??
  • T
    Tim
    .04 cents on volume. yup. that about sums it up.
  • A
    Anonymously
    New investor here, I believe a good entry here. What do the bullish say about this stock?? Good change we see $0.50, in 8 months?