1) Once PSN restates the financials, what are the chances that the CTO gets lifted and this company continues to trade on the TSX or Venture?
2) Does anyone have experience with class action suits like the ones being launched against PSN? If the suits are successful, how are shareholders paid? Is it a fixed amount per share? Or does it depend on how much capital loss the sharehlder has suffered? Is it even worth joining the class action, or by doing so are shareholders simply contributing to further eroding their own equity? Of course that last point assumes that some equity will remain after the new numbers are released...
Ok, so I guess that was more than 2 questions :)
Any intelligent insight is appreciated.