RE:RE:The problem...Pandora wrote:
Edgewater Wireless suspended by OSC
2023-09-05 16:37 ET - Cease Trade/Suspend Company
A cease trade order was issued by the Ontario Securities Commission on Sept. 1, 2023, against Edgewater Wireless Systems Inc. for failing to file its audited annual financial statements, the management's discussion and analysis relating to the audited annual financial statements, and the certification of the foregoing filings as required by National Instrument 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings, for the period ended April 30, 2023.
Upon revocation of the cease trade order, the company's shares will remain suspended until the company meets TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the company during the period of the suspension or until further notice.
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https://stockhouse.com/news/press-releases/2022/09/01/edgewater-wireless-closes-first-tranche-of-convertible-debenture-financing During its audit of the Company’s annual consolidated financial statements, KPMG LLP (“KPMG”) identified a potential adjustment related to the accounting treatment of CDN$716,000 worth of convertible debentures issued by the Company on September 1, 2022.
The Company is currently working diligently to complete the convertible debentures related analysis and facilitate the completion of the audit of the annual consolidated financial statements by KPMG at the earliest possible date. It expects to be able to file the Required Documents by September 8, 2023, or sooner.