Member Info for smidsy

Just spoken to my Broker who informs me that there should be no problems with NEX. Trading as per any other Exchange.

From NEX. 'Gives Shareholders Another Chance: Existing shareholders of NEX companies have another chance of making a return on their investment (compared to delisting, which terminates investment potential)'

Another site of interest. http://web.tmxmoney.com/quote.php?qm_symbol=EDE

Hi Confounded, I was just about to post the same info as you. Yes it appears all is not lost. I will ring my Broker shortly and get his opinion.

''Separate Note: NEX is a separate board of TSX Venture Exchange. It provides a trading forum for listed companies that have fallen below TSX Venture's ongoing listing standards.' Looking at the above statement it would appear that NEX is a trading platform and seeing that EDGE has been transferred to NEX we can carry on buying and selling as normal. Anyone with any ideas or have any experience with NEX. I will do some research today and hopefully find some good news. (any money that I can recover must be a bonus) A Receiver takes a long time to wind up a company and finalise the accounts and although it seems rather implausible that I can carry on trading I have to give it some time and check it out.

Has now gone down the plug hole along with a lot of my money. Will it be the rope or should I use a gun?

Thanks for your appreciation, I did exchange a few emails with Brad in mid March but I consider them confidential and decided not to post any of the messages on here. From the emails I was satisfied that Brad was fighting all out to 'save' the situation and he would do his up-most to come to a satisfactory conclusion.

I emailed Brad yesterday evening (our time) asking him 'what's happening' and I got a one line answer saying he expects to be able to give us some information today. They are four hours behind us so I don't expect any communication until much later but I could be wrong.

The Company had previously announced on April 5, 2016 that its lender (“ATB”) had provided notice requiring payment in full of Edge’s outstanding indebtedness plus interest, costs and fees by Monday, April 11, 2016 at 5:00 p.m. MST; however, the deadline is now Thursday, April 14, 2016 at 9:00 a.m. MST. It is now a week since the last ultimatum and yet apart from reading that the shares are suspended we have had no other information. Is that a good sign or is it a bad one? I'm suggesting that it may very well be a good sign. If the bank has given an ultimatum and they have not acted on their threat, if they had acted we would have known by now, then Brad has probably given some assurance that he can solve the problem. If the bank has carried out it's threat and called in the Official Receiver the first thing he would do is to sack the emloyees, lock the premises and carry out an inventory to ascertain the company's worth.He would inform all shareholders and creditors of the situation. I would presume that a week was more than sufficient time to put out a 'notice' to that effect. Although they may do things a little different in Canada. Meanwhile back to watching the paint dry.

No trading on TSX at the moment.

Hi Confounded, The fact that we have not been suspended on TSX gives me some confidence that Brad has sorted out the financials. He has several items from the AGM that need to be sorted ie. consolidation of shares from 20 to 1, etc. My guess is that Brad will be giving us some news (only good I hope) where he explains the new finance deal and his plan for moving forward. I don't think contacting Brad will gain anything. He will probably wait until he is ready to tell everyone in a 'News Report' (they don't use RNS on TSX).rather than give any info to one individual. Meanwhile we sit and wait. The news reports are posted on the Web site.:) On the other hand we may be about to be flushed away. :(

Details of General Meeting. The lack of info suggests to me that Brad may have saved the day. The time and work put into the meeting would not have been done if the BOD had called it a day. My view, for what it's worth, is that we may get some positive information today. If we are told that we another chance, great, if we are told that the finances are not forthcoming so be it. There's nowt we can do but grin and bare it. MST = Mountain Standard Time = 4 hours behind us. http://www.edgeres.com/news/news_releases/2016/04/edge-resources-announces-results-of-annual-general-and-special-meeting

Hi Confounded, I am expecting some info on todays meetings. Don't forget they are five hours behind us. Check on Stockhouse later there will probably be a report on there. Brad will update the Web site as well.

Results just out. Given until Thursday to repay debt.

If Brad failed to pay the outstanding money demanded by Atb and carried out its promise to institute bancruptcy proceedings I would have thought that trading would have been suspended before the TSX opened. In any case I was expecting some message first thing this morning telling us what the situation is. Either the company has gone down the plug hole or it has been given another chance. Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.ede/edge-resources-inc#Lam8V8GT3V0IzVEc.99

One can live in hope. We will soon know. The Company is in continued discussions with its subordinated lender to acquire the debt from ATB. While the Company is hopeful and encouraged that its subordinated lender will acquire the debt, which would allow the Company to continue operating,

Can't see anyone buying shares here until it's been decided if the company is being rescued.

Has restarted in Canada.

Good find freeflow. If we are to believe SP Angel we could still be in with a chance. After trading was stopped on Aim I emailed Brad to ask if he could inform me if the RNS system would still operate and if there were bulletin boards similar to the UK. He did answer and told me of 'Stockhouse' and SEDAR. I sent another email thanking him for his help and I commiserated with him on his difficult decision to leave AIM. His reply was rather informative and I am not going to put it onto here as I regard his comments as confidential. Needless to say I was convinced that Edge would survive. So todays news has come with great surprise but I know from Brad's comments that he will go down with all guns blazing.

Confirmation of report put out by Edge.