RE:VST HaltThey still haven't filed their financial statements for the 2018 fiscal year end. As a result, starting in May a management cease trader order was imposed and VST began providing bi-weekly updates (refer to SEDAR) that repeated the same message; the company, "...anticipates that its Annual Filings will be filed on or before (insert next biweekly deadline)". Fast forward to August and now a full cease trade order has been imposed. VST is now stating that their filings will be made on or before Friday, Aug.16; however, given their past failures in coming through with such commitments over the past 3.5months, this is suspect. Look for an update on SEDAR end of day Friday that likely statest they need another couple of weeks. The annual meeting was also pushed out and is now scheduled for sometime in September (can't recall the date).
The inability of this company to comply with requirements and standards in reporting its annual financial statements and associated MD&A within prescribed time frames is telling. The evident struggles to defend its value assessments of various portfolio companies, even with the acknowledgement of characteristics associated with startups, allude to a lack of fianncial analysis and rigour to say the least.
All that being said, certain portfolio companies appear to be making good progress and are interesting to follow per previous announcements (Copilot, Taloflow, Multapplied Networks). Based on Fansunite's updated website content, they appear poised for a listing and to acquire scottish sportsbook McBookie in Q4 of this year.