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enlcan wrote: I beleive they are having difficulty valuing Realblocks. FAK. 2025-01-13 07:49 ET - News Release Mr. Sergei Stetsenko reports BLOCKCHAINK2 CORP ANNOUNCES APPLICATION FOR A MANAGEMENT CEASE TRADE ORDER FOR LATE FILING OF ANNUAL AUDITED FINANCIAL STATEMENTS BlockchainK2 Corp. has made an application to the British Columbia Securities Commission, the Alberta Securities Commission, the Manitoba Securities Commission, the New Brunswick Financial and Consumer Services Commission, the Office of the Superintendent of Securities Service Newfoundland and Labrador, the Nova Scotia Securities Commission, the Ontario Securities Commission, the Prince Edward Island Financial and Consumer Services Division, the Autorite des marches financiers, and the Financial and Consumer Affairs Authority of Saskatchewan to approve a temporary management cease trade order (MCTO) under National Policy 12-203 -- Cease Trade Orders for Continuous Disclosure Defaults, which, if granted, will prohibit trading securities by the company by the chief executive officer and chief financial officer of the company until such time as the required filings (defined herein) and all continuous disclosure requirements have been filed by the company, and the MCTO has been lifted. During the period in which the MCTO is effective, the general public will continue to be able to trade in the company's listed securities. The MCTO application has been made, but there is no guarantee or assurance that the MCTO will be granted. The company expects that it will be unable to file its audited financial statements for the financial year ended Sept. 30, 2024, and the related management's discussion and analysis and chief executive officer and chief financial officer certificates for this period before the filing deadline of Jan. 28, 2025. The company's failure to file its required filings by the filing deadline is due to the company's auditor requiring additional time to complete the financial statements and perform various audit procedures due to capacity constraints at both the staff and partner levels. The company anticipates that it will be in a position to remedy the default by filing the required filings on or about March 28, 2025. The MCTO, if granted, will be in effect until the required filings are filed.
2025-01-13 07:49 ET - News Release
Mr. Sergei Stetsenko reports
BLOCKCHAINK2 CORP ANNOUNCES APPLICATION FOR A MANAGEMENT CEASE TRADE ORDER FOR LATE FILING OF ANNUAL AUDITED FINANCIAL STATEMENTS
BlockchainK2 Corp. has made an application to the British Columbia Securities Commission, the Alberta Securities Commission, the Manitoba Securities Commission, the New Brunswick Financial and Consumer Services Commission, the Office of the Superintendent of Securities Service Newfoundland and Labrador, the Nova Scotia Securities Commission, the Ontario Securities Commission, the Prince Edward Island Financial and Consumer Services Division, the Autorite des marches financiers, and the Financial and Consumer Affairs Authority of Saskatchewan to approve a temporary management cease trade order (MCTO) under National Policy 12-203 -- Cease Trade Orders for Continuous Disclosure Defaults, which, if granted, will prohibit trading securities by the company by the chief executive officer and chief financial officer of the company until such time as the required filings (defined herein) and all continuous disclosure requirements have been filed by the company, and the MCTO has been lifted. During the period in which the MCTO is effective, the general public will continue to be able to trade in the company's listed securities. The MCTO application has been made, but there is no guarantee or assurance that the MCTO will be granted.
The company expects that it will be unable to file its audited financial statements for the financial year ended Sept. 30, 2024, and the related management's discussion and analysis and chief executive officer and chief financial officer certificates for this period before the filing deadline of Jan. 28, 2025.
The company's failure to file its required filings by the filing deadline is due to the company's auditor requiring additional time to complete the financial statements and perform various audit procedures due to capacity constraints at both the staff and partner levels.
The company anticipates that it will be in a position to remedy the default by filing the required filings on or about March 28, 2025. The MCTO, if granted, will be in effect until the required filings are filed.
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