KGIC Inc LGLTF

How long can a company trade without...

[HippygirL74]

Question for the board: How long can a company trade without audited year-end financials? This really troubles me because I have been through this before. I don't want to have my shares halted until a company achieves compliance. I don't understand how this happened? Surely the financials for previous quarters are done. So only the last quarter remains. What is the problem? Thanks for your thoughts. And another thing: The company said they needed another week, May 7th? What is going on?

[Yun321]

Institutions are selling.

[MBertolli]

How do you know that?

[60606060]

and buying. Supply of stock is drying up so it's buyers in control. Yun get some real stuff to post.

[Yun321]

please see my post this week. I post everyday when insider selling happened. And we saw this kind of selling at a few months ago when it hit low $0.40s / high $0.30s. Hope that LOY can go back to high $0.50s again in a couple of months. To be honest, I really hate the way the management is doing this business. It is full of uncertainty --- no update, no news release, no accountability........

[cocacola11]

Two months max. It can become a complete cease trade in the meantime if the commission feels its getting too fishy.  "If a company does not file its financial statements within two months of the Notice of Default the company will generally be subject to an issuer CTO without further notice. An issuer CTO may also be issued if the Notice of Default is materially deficient or if the

[cocacola11]

If they keep this up much longer the Commission will suspend trading.