Guessing late filing is an adminsitrative issue: https://finance.yahoo.com/news/netcents-technology-provides-mcto-123000280.html
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2021) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments technology solutions provider, is providing an update with respect to the previously announced management cease trade order (the "MCTO") issued by the British Columbia Securities Commission on March 2, 2021. The MCTO as issued in connection with the delay by the Company in filing its annual financial statements, management's discussion and analysis and related officer certifications for the financial year ended October 31, 2020 (collectively, the "Required Filings") before the prescribed deadline of March 1, 2021.
The Company requested and received an extension relating to the Required Filings due to delays with Davidson & Company LLP's, the Company's auditors, review of certain additional internal control procedures that have been implemented by the Company. The MCTO issued by the British Columbia Securities Commission has been granted until April 30, 2021.
The Company is providing this status update in accordance with National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). The Company intends to follow the provisions of the Alternative Information Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases, for as long as the Company remains in default. The Company confirms as of the date of this news release that there has been no material change in the information contained in the default announcement issued on March 2, 2021 and there is no other material information concerning the affairs of the Company that has not been generally disclosed.