Interestingly enough, I believe that the longer the company is in halt the more certainty there will be when trading resumes. The two extreme possibilities are:
The bad extreme where the company enters voluntary administration, which will result in either liquidation or restructure. In either case we holders will lose out bigly.
The good extreme where the company announces that they have solved all the technical issues, have worked out what production level they can sustain, and have funding to cover the cash shortfall caused by the delay. We would still face substantial short to medium term losses, but it shouldn't be a complete wipe-out.
The company will be working toward resolving their situation while in halt, so the longer trading is halted the more work will be done toward that resolution; trying to resolve production issues, find funding on acceptable terms, testing harvest rates, and so on. If the halt goes long enough they could present fait accompli one way or another: voluntary administration, or plant in full swing with money in the bank.
The question is whether the company will be allowed to hold off that long or whether they are forced to come clean with their ends still loose.
SO4 Price at posting:
31.0¢ Sentiment: Sell Disclosure: Held
