No concern here. It's basically that Stratco have an extension to their protection from liquidation to allow for the litigation to continue against the Quebec Government.
Obviously if they were to win big then there would be no need for liquidation. The Toro comment is basically saying that it means nothing to them at this stage. The only way it will 'impact' on Toro would be in a positive manner if Stratco were successful in recouping the costs which would in turn increase the value of Toro's holding in Stratco.
Here is a bit more info for you...
A stay of proceedings is a ruling by the court in civil and criminal procedure, halting further legal process in a trial. The court can subsequently lift the stay and resume proceedings. However, a stay is sometimes used as a device to postpone proceedings indefinitely
Ann: Quarterly Activities and Cashflow Reports, page-4
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Last
22.5¢ |
Change
-0.010(4.26%) |
Mkt cap ! $27.06M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 21.0¢ | $161.3K | 727.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 56372 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 17803 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| TOE (ASX) Chart |