Post by
campst on Sep 02, 2021 9:03am
Quarterly
I believe that Nasdaq requirements for reporting dictate that SYTA should have reported Q2 by now. Can someone confirm/refute?
Comment by
ARIMA11 on Sep 02, 2021 10:35am
Went from holding conference calls on earnings on the TSXV to not filing on time on Nasdaq! :)
Comment by
Greygoat420 on Sep 02, 2021 2:05pm
Financials were due mid August. BCSC has issued another Cease Trade Order for failing to file, effective August 20th, and not a peep out of management. Hmmm. Makes you wonder how much longer this company can last before going bankrupt. If they keep burning the cash they just raised like they did in Q1, they won't make it past the end of this year.
Comment by
campst on Sep 02, 2021 2:45pm
According to Investopedia, companies with less than $75M USD, have 60 Days to file. On the surface, this does not jive with a mid August date. It is, however, beyond 60 days. Can you provide a link to the BCSC cease trade order. I am curious given SYTA no longer trades on a Canadian exchange.
Comment by
Greygoat420 on Sep 02, 2021 3:09pm
Here's the link: https://www.bcsc.bc.ca/industry/issuer-regulation/reporting-issuers/reporting-issuers-list/s7s5s6s7s7s5s7s6s7s5 Also confirmed with IR.
Comment by
campst on Sep 02, 2021 6:28pm
tks. Curious about how the rules are applied to US or other traded stocks.