News after Close --- iSign to file tardy fiscal 2016 results Visit my Greehouse during wiating time before AGM
---> My Greenhouse
2016-09-02 16:20 ET - News Release
An anonymous director reports
ISIGN MEDIA UPDATES PREVIOUS ANNOUNCEMENT ON THE DELAY IN THE FILING OF ANNUAL FINANCIAL STATEMENTS AND RELATED DOCUMENTS
iSign Media Solutions Inc. has provided an update to its previous announcement on the late filing of its annual audited financial statements, management's discussion and analysis, and related chief executive officer and chief financial officer certificates.
It is now anticipated that the required documents will be filed no later than Oct. 31, 2016.
The additional time for the filing of the required documents is needed by the company to resolve certain valuation matters relating to intangible assets and payment of moneys owed to the company's auditor.
In the interim, the company has applied to the applicable securities regulatory authorities for a management cease trade order related to the company's securities to be imposed against the company's chief executive officer and chief financial officer for so long as the required documents are not filed. A management cease trade order will not affect the ability of other shareholders to trade the securities of the company.
Until the required documents are filed, the company intends to provide information in accordance with National Policy 12-203 (management cease trade orders), including the issuance of biweekly default status reports.
The company is not subject to any insolvency proceeding, and there is no other material information concerning the affairs of the company that has not been generally disclosed.
We seek Safe Harbor.