LowSP=LateNRLet's hope the tardliness in the Financials is due to business starting to gel as well as the appointment of another CFO! Seems rather challenging for this company to get on the straight and narrow!
Nanostruck Technologies to file 2014 financials late
2015-02-05 21:17 ET - News Release
Mr. Raj Kurichh reports
NANOSTRUCK TO DELAY FILING OF ITS 2014 AUDITED FINANCIAL STATEMENTS
Nanostruck Technologies Inc. did not file its annual audited financial statements, management's discussion and analysis, and chief executive officer and chief financial officer certificates by the filing deadline of Jan. 28, 2015, as prescribed by National Instrument 51-102. This is due to the appointment of a new chief financial officer on Jan. 27, 2015.
The company was not able to make the required filings deadline primarily because the company appointed a new CFO on Jan. 27, 2015. The new CFO, Stephen McCann, is reviewing all of the records so that he will be able to sign off on the financial statements.
The company's auditors are working closely with Mr. McCann to complete the above, which they believe will occur well within the extended time period applied for with the regulators.
The company has applied for a management cease trade order with the applicable regulatory authorities until such time that the above filing is made. If granted an MCTO, the company's management and insiders will not buy or sell the company's shares, and the company will provide updates on progress with the filings via news releases at least once every two weeks.
An MCTO prohibits trading in securities of the corporation, whether directly or indirectly, by insiders until such time that the filings have been made and approval granted by the regulatory authorities for removal of the MCTO. This does not affect the general investing public, which will still be able to trade the company's listed common shares.
We seek Safe Harbor.