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Blumetric Environmental Inc V.BLM

Alternate Symbol(s):  BLMWF

BluMetric Environmental Inc. is a Canada-based environmental consulting and engineering cleantech company. The Company provides end-to-end solutions in environmental geosciences and engineering, industrial hygiene, occupational health and safety, water and wastewater treatment, and environmental contracting and management. Its products include Reverse Osmosis Water Purification Unit (ROWPU), Advanced Sub-Unit Water Purification System (ASUWPS), Mobile Wastewater Treatment Plant (MWWTP), Shipboard Reverse Osmosis Desalination (SROD), Shipboard Oily Water Separator (SOWS) and Portable Water Purification System (PWPS). The Company provides complete solutions to challenges such as water purification, protecting environments, and ensuring health and safety for industrial/commercial, mining, government, and military clients. The Company serves customers in many industrial sectors, and at all levels of government, both domestically and internationally.


TSXV:BLM - Post by User

Bullboard Posts
Post by frenchfry1on Jan 29, 2015 7:35am
212 Views
Post# 23375956

financials delayed, what a surprise, what a bunch

financials delayed, what a surprise, what a bunchBlumetric Environmental Inc (C-BLM) - News Release Blumetric to be late with filing 2014 financials 2015-01-28 09:28 ET - News Release Shares issued 25,231,644 BLM Close 2015-01-27 C$ 0.14 Mr. Roger Woeller reports BLUMETRIC ADVISES DELAY IN REPORTING - 2014 ANNUAL FINANCIAL RESULTS Blumetric Environmental Inc. will not be able to file its audited financial statements for the financial year ended Sept. 30, 2014, and related management's discussion and analysis (MD&A) and CEO (chief executive officer) and CFO (chief financial officer) certificates by Jan. 28, 2015, as required under securities laws. The delay in the filings has resulted from a change in auditors in September, 2014, as previously reported, as well as accounting system issues which have taken longer than anticipated to resolve. The company is continuing to work with its auditors to complete its audited financial statements and MD&A for the financial year ended Sept. 30, 2014, and has targeted completion and filing by Jan. 30, 2015. The company confirms that it intends to satisfy the provisions of the alternative information guidelines found in sections 4.3 and 4.4 of National Policy 12-203 cease trade orders for continuous disclosure defaults for so long as it is delayed in filing the annual financial statements and related MD&A and CEO and CFO certificates. The company is not aware of any other material information concerning its affairs which has not been generally disclosed. In view of this delay in filing, the company has applied to the applicable Canadian securities regulatory authorities for a management cease trade order. There can be no certainty that such an order will be granted. The applicable regulatory authorities may instead issue cease trade orders against the company for failure to file its annual financial statements and related MD&A and CEO and CFO certificates within the prescribed time period. During this delay in filing, each of the directors and the officers of the company has voluntarily agreed to cease trading in the company's securities. We seek Safe Harbor.
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