Is this a total loss?

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Hoping you can help me out on this one…
I purchased some shares in Royal Wins Corp (SNSX) (Ticker: SKLL.CN). It last traded June 2, 2022.
The company website was last updated August 31, 2022 regarding the late filing of Filing of Interim Financial Statements, MD&A and Related Certifications.

Like the stock, I was gambling and was aware that I could lose my money but no one ever really wants to lose their money. So you know:
– Did the stock stop trading because they failed to file documents in a timely manner?
– Will trading resume again once they straighten everything out?
– If I wanted to get out today (hypothetically only as I plan to hold the stock) is that possible?

Sorry to take you out of the norm but I was not sure who else to ask.

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Asked on September 15, 2022 9:07 am
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Private answer

Hey there. Sorry about this, I had actually replied to this yesterday but for some reason it didn't go through.

The company was halted due to a late filing of documents yes. Not only late, they just.... didn't file. As of today, they have filed. So, it will be interesting to see when the stock resumes trading. I've personally never been a part of something like this. But I can imagine it's a much longer process than just "oh you filed? Ok, you're good to trade again". So as for a timeline as to when this could happen, I literally have 0 clue.

In terms of whether you wanted to sell, it's impossible, unfortunately. The only time you could sell is if it opened back up for trading again.

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Posted by Dan Kent
Answered on September 16, 2022 12:16 pm