RE: RE: Still halted Sounds like a bunch of bull if you ask me. First, they were not delisted they were CTO'd, second pretty sure it's not their first experience with this and you have to ask yourself why would they not have gotten this 'other' paperwork ready while the audit was going on and then submit it all at the same time? IMO I don't think Todd is giving you/us the whole story. However, I do want to believe what he is not telling is on the positive side such as some sort of deal is in the works and they are trying to get that finalized before resuming. Of course this could mean more, possibly much more time before resumption happens.
The bigger problem is with this system, the CTO was specifically for failing to file financials, not for PIF's or anything else and since they have been filed one would think the regulators would be required to issue a retraction otherwise file an extension citing additional regulatory requirements which they have not, at least not to my knowledge. Once again if that is the case the regulatory board has failed in their jobs and their mandates imo. No news/notice of additional requirements from either the company or IIROC is simply not acceptable. If there is an amendment to the CTO then imo there is an obligation and a responsibility to the shareholders for them (both company and IIROC) to officially inform us of those changes.
Further to that if there are no changes, IIROC has an obligation to follow up and retract the CTO once the CTO has been fulfilled which the way I see it, that has been done and then if there are further issues, the Company at that point would inform us they are staying halted for X reason.
Can Harper really get the changes we need to make the markets more transparent? I guess we'll see. In the meantime if you are reading this Todd, please feel free to officially update us on what is really happening as this is quite unacceptable at this point.
M