Post by
Noob75 on Jun 06, 2022 3:25pm
Suspension
ww.bcsc.bc.ca P.O. Box 10142, Pacific Centre, 701 West Georgia Street, Vancouver, BC, Canada V7Y 1L2 Citation: 2022 BCSECCOM 209 Cease Trade Order Choom Holdings Inc. (the Issuer) Under the securities legislation of British Columbia and Ontario (Legislation) Background 1 This is the order of the regulator of the British Columbia Securities Commission (the Principal Regulator) and evidences the decision of the regulator or securities regulatory authority in Ontario (each a Decision Maker). 2 The Issuer has not filed the following periodic disclosure required by the Legislation: 1. interim financial report for the period ended March 31, 2022, 2. interim managements discussion and analysis for the period ended March 31, 2022, 3. certification of interim filings for the period ended March 31, 2022. 3 As a result of this order, if the Issuer is a reporting issuer in a jurisdiction in which Multilateral Instrument 11-103 Failure-to-File Cease Trade Orders in Multiple Jurisdictions applies, a person or company must not trade in or purchase a security of the Issuer in that jurisdiction, except in accordance with the conditions that are contained in this order, if any, for so long as this order remains in effect. 4 Further, this order takes automatic effect in each jurisdiction of Canada that has a statutory reciprocal order provision, subject to the terms of the local securities legislation. Interpretation 5 Terms defined in the Legislation, National Instrument 14-101 Definitions and National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions have the same meaning if used in this order, unless
Comment by
Bentley2000 on Jun 06, 2022 4:10pm
So as it reads...it's a suspension because they have not done the "Interim filings"...not good a paper work I guess??
Comment by
Noob75 on Jun 07, 2022 9:40am
It appears so,however makes you think why the company is in such a bad state if you have incompetent people managing it. Not to bash but facts are facts.