Some of you have contacted me regarding my earlier post and asked to be kept up to speed regarding communication with Michelle Rochon, IR for Future Farm and High Purity et al.
So far there has been no response.
Yesterday I followed up the April 6 and 9 emails.
The content of all 3 efforts to obtain responsible updates from the company follow.
To: Michelle Rochon Tue., Apr. 13 at 2:20 p.m.
Letters to you dated April 6 and April 9, 2021, copies of which follow below, remain unanswered.
Both of these address the lapse of time that occurred since a "Cease Trade Order" was initiated re: Future Farm Technologies Inc. apparently due to the fact the company failed its responsibility to complete document filings as required by securities regulators.
I must request confirmation of the company's intent to become compliant with a specific date for this to be achieved.
Shareholders have every right to receive complete details.
Most companies, despite Covid-19 and a host of other possible explanations for delays have been quite capable of addressing their reporting obligations.
The attachment to this letter is the beginning of a Draft Cover Letter that it appears must be directed to Canadian Securities Regulators (CSA) and Ontario Securities Commission (OSC) Re: Future Farm Technologies Inc.
It will be accompanied with all necessary supporting documentation.
This email is directed to you as a courtesy prior to my submission.
L.J. (Jim) Howard, Shareholder
Draft Letter to Canadian Securities Administrators and Ontario Securities Commission.
As we believe information detailed in CSA Staff Notice 51-356 dated November 28, 2018 applies to Future Farm Technologies Inc., the material included herewith has been compiled for your consideration.
L.J. (Jim) Howard, Shareholder
Canadian Securities Administrators Ontario Securities Commission
Tour de la Bourse 20 Queen St. W., Toronto, ON
800, Square Victoria M5H 3S8
Suite 2510 Tel : 1-877-785-1555 (Toll Free)
Montreal, QCH4Z 1J2
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Future Farm Technologies Inc. |
CSA News Release November 29, 2018
Canadian securities regulators caution issuers about problematic promotional activities
Vancouver– The Canadian Securities Administrators (CSA), today publishedCSA Staff Notice 51-356,Problematic promotional activities by issuers, cautioning companies to avoid promotional activities that may artificially increase an issuer’s share price or trading volume, or may mislead investors.
The notice outlines CSA Staff’s concerns with certain promotional practices, including dissemination of unbalanced or unsubstantiated material claims. Such practices have been observed among issuers in the venture market, though expectations about disclosure and promotional activities apply to all issuers.
“Misleading promotional activity by issuers undermines the integrity of our capital markets and puts investors at risk of harm,” said Louis Morisset, CSA Chair and President and CEO of the Autorit des marchs financiers. “We are publishing this notice to remind issuers of our expectations in this area.”
Examples of promotional activities that may be misleading include:
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Disseminating presentations, marketing materials, social media posts, or other information that describe early-stage plans with unwarranted certainty, or make unsupported assertions about growth of markets or demand for a product;
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Tue., Apr. 6 at 10:19 a.m.
Hello Michelle, you informed shareholders last month that the company has made progress with expanding operations.
Of course, that is positive to hear.
Shareholders deserve and require much more information than that related to operational developments.
For close to a year Future Farm Technologies Inc. has been doing business while a "Cease Trade Order" is in place.
The explanation for this has been that filings related to financial condition etc. could not be completed and part of the reasoning apparently tied to difficulties with accountants/auditors. Covid-19 also played into the "excuse package"
You will appreciate understanding or acceptance by investors have run far beyond their reasonable course.
When will the company resume trading in Canada?
Is it time for a shareholder body to consider legal redress?
I look forward to receiving your detailed reply.
Fri., Apr. 9 at 10:25 a.m.
On April 6, I contacted you regarding the continuing "Cease Trade" status of Future Farm Technologies Inc. in Canada.
To date it appears you/ the company have determined the legitimate concerns and questions put to you do not suggest any need or responsibility to reply.
The current reality for shareholders is ludicrous and I must request your response by return.
L.J. (Jim) Howard, Shareholder