RE:RE:RE:RE:Always something with this companyCannAvenger wrote: That's a stretch. The MCTO was applied because the Company was not going to meet its filing deadline. The application had to be made well in advance, otherwise a CTO would be brought down on all investors and not just management. It's likely that the Company and the auditors need more time to assess any impairment on assets or goodwill, as well as finalizing any purchase price allocations from any recent transactions/mergers/acquisitions. All of these items are typically done at year end.
You are correct. If they did not apply or if it was not granted, the governing body could have suspend ALL trading of the company not just management. It was all disclosed in the April 21,2021news release. Not surprise here.