SEDI reportingI have quite a high regard for the people who oversee this company but, as I've suggested before, they seem to me to be perennially a little too relaxed about the difference between public company vs. private company reporting requirements.
On November 24 the company reported on SEDAR the granting of 350,000 options to an unnamed Chief Product Officer. I suppose it might be okay that, to this day, they haven't disclosed who the CPO is. I'm not sure. I suppose if he or she didn't join until after the August 31 year end then perhaps (?) it didn't need to be in the Q4 report or subsequent Management Information Circular?
Regardless, how could that option grant not be reported on SEDI? Surely the Chief Product Officer must be an insider. And if he/she were somehow not an insider (if that were even possible) then why did they need to report the grant on SEDAR?
I believe SEDI reporting is the responsibility of the individual (though usually the company will make sure that the filings get done). So maybe it will just be a case of the Chief Product Officer having to ultimately pay a $1,000 fine for late SEDI reporting.
Regardless, I'd think the company should be more on top of this. Maybe get it dealt with before the upcoming AGM?
If I'm somehow missing something here then 1,000 apologies to anyone concerned. But I don't see how there could not have been a requirement to report that option grant on SEDI.