Post by
colts123 on May 08, 2019 9:35am
Be careful people could be a dead cat bounce
I hope the company does not get issued a CTO Cease Trade Order from the Securities Commision and be halted.Here are some of the reasons it can be halted:
The Issuer has not filed the following periodic disclosure required by the Legislation: 1. annual audited financial statements for the year ended December 31, 2018, 2. annual management’s discussion and analysis for the year ended December 31, 2018, 3. annual information form for the year ended December 31, 2018 and certification of the annual filings for the year ended December 31, 2018 .
A Cease Trade Order (CTO) is issued against a company for a variety of reasons including failing to meet its disclosure requirements such as filing a quarterly or annual financial statement, or as a result of an enforcement action that involves an investigation of wrongdoing. A CTO is often in place for an extended period of time and can be indefinite. CTOs are issued by the Securities Commissions.
This is not investment advice and always due your own due Diligence
Comment by
golddoggold on May 08, 2019 2:35pm
Barking up the wrong tree here... these are due end of month and communications with IR and CFO have not indicated failure to meet disclosure deadlines whatsoever.