Keeping mum for the Canadian Securities Exchange?Here and
here are the Form 7 Monthly Progress Reports for FLYY, finally submitted 48 hours ago by Maria Micieli, Corporate Secretary. A bit late, but finally we get answers to all the questions that have come up on this board. Is Kirk still on the job? Is it true the staff haven't been paid for weeks? What is up with the promised reorganization? What was that German chap talking about when he said the bank loans were cancelled? What exactly happened that freaked out old Norm Wilner last week?
Sorry to disappoint you, Canadian Securities Exchange, but Maria ain't gonna tell you nothin'! Ever the responsible Corporate Secretary, she just typed a big honking "
N/A" as her detailed response to each of the 17 required reporting categories, for both the Jan. 2022 and Feb. 2022 Progress Reports. Which in this case, stands for Not-gonna Articulate, because each of the categories are totally applicable to this publicly traded outfit.
Back a few months ago, when Rodney Davis was filling out these mandatory forms, he would provide the occasional tidbit of information, which, after all, is the point of the CSE requring this process. Rodney was a regular blabbermouth compared to Maria.
It could be possible for the CSE to take a dim review of what might be seen as an ongoing refusal to provide required information. This would be especially true if material changes had been made or were indicated in several vital circumstances, such as changes in bank loan facilities, staffing issues, or leadership changes. Should it turn out that any of these
did occur and Maria
failed to disclose this information to the CSE in a timely manner (and I'm not saying this is the case), I do wonder what penalties FLYY and its directors and officers might face.
@NOWemployee, @Tigers22: There is your homework assignment for today. Get back to us, won't you?