Sorry JCW, I understand your passion, but I have to hit that post with the dumb stick.

Either go to law school and take some securities law courses and then spend some time doing SEC related work, as I have done, or do better research. Looking up general dictionary definitions is a total waste of time. The registration was revoked, that is all.

To explain it in very simple terms, we are now in the same postion as Facebook before their IPO -- our shares have value but cannot be publicly traded (granted Facebook has and prior to listing had greater potential value than us, but they were quite valuable when unlisted and untradeable -- they EXISTED as non-tradable shares). Do you think that somehow when they registered with the SEC their shares changed in any other way than having them become something that could trade on an exchange?

You seem to be confusing being publicly traded with having a continuing corporate existence under the governing legal entity laws (i.e. the laws of the place of incorporation) and that is the fatal flaw in your overly simplistic comments that are shares are cancelled -- that is quite simply completely wrong. Only if we are booted from the CCAA and liquidated in bankruptcy are the shares able to be cancelled and completely worthless.