OTCPK:MEAOD - Post by User
Comment by
gatoroneon Aug 31, 2016 9:03am
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Post# 25194499
RE:RE:Quarterly results
RE:RE:Quarterly results
MTO has always used every day allowed by Canadian law (60 days for quarterly reports and 120 days for year-end reports) in releasing financial reports. Today would normally be the day we would see the previous quarter's report (60 days from end of quarter). But MTO chooses to release Q4 report with the year-end report. So we will not see any financials until sometime in October, probably near the end of October. In the past, when I have asked why the long delay, the reason given (other than that the law allows them this time) is minimal staff in order to control expenses. The delay does not necessarily mean bad news. If the PEA and other analyses turn out well, 2017 will be a good year for MTO.