GREY:NTTCF - Post by User
Comment by
Arbutus22on May 07, 2021 10:29am
145 Views
Post# 33151751
RE:RE:Cease Trade Order
RE:RE:Cease Trade OrderIIROC rules: When a company fails to make timely disclosure of material information, the provincial securities regulators can issue a Cease Trade Order (CTO) which stops the trading of the company’s stock. Once issued, a CTO remains in effect until the company meets its disclosure obligations.
NC is now +2 months late in filing an annual report that was due Dec 31. As a result, CTO issued. The BCSC has given management lots of time to file. Management is screwing up. Total negligence on their part.