GREY:NOBDF - Post by User
Comment by
NorthBuddyon May 06, 2020 7:52am
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Post# 30991623
RE:RE:RE:RE:Posted 2 hours ago on their FB page, response to a question
RE:RE:RE:RE:Posted 2 hours ago on their FB page, response to a questionLOL! - "Share Price" seems to be the extent of your DD.
I know the game Brownie. When your
insecurity (pun intended ;) about having paid the least possible for your highly sought after NBUD shares leaves that's when you do. Until you flip a tick or two and return.
Good catch though, this is exactly where 20 bangers begin - a little bump in the road BUT both hands on the wheel, lol:
Hello Jennifer,
We share your frustrations at this challenging market due to Covid-19.
We closed our two USA transactions seven days prior to our fiscal year-end. We normally would have 6 months to prepare the financial statements. We have had three months to work on the financial statements. California as you well know became one of the first epi-centers of Covid-19 very early in March and we advised the regulator that our financials would not be done in time.
In this case there were two options NORTHBUD could have taken:
1. Halt the stock and not let anyone be able to trade their shares until the statements could be completed; or
2. Apply for an MCTO.
We decided to go with the MCTO.
About a week after the MCTO, the regulator offered blanket extensions due to Covid-19. Had we not been proactive, it would be a mute point as everyone is in the same boat.
We will continue to work hard to close the year-end financials on or before the end of May.
Thank you so much for your understanding. :)!