Post by
copperplay on Mar 09, 2022 9:58am
News
A corporation is required to call an annual meeting within 18 months of the date the corporation comes into existence. After that, an annual meeting must be called no later than 15 months after the previous annual meeting and no later than 6 months after the corporation's preceding financial year-end.
Place your bets folks Sonoro last AGM was December 16, 2020 which by above rules we need news by March 15, 2022
Unless of course they apply for extension which they seem very good at
Comment by
SlyFox1 on Mar 09, 2022 12:29pm
Looks like someone has put a wall at 3.5 and capped any run for today. Tomorrow being Thursday and as copper said, sounds like news is needed this week. Could this mean we get news tomorrow and that's why we're being held at 3/3.5?
Comment by
RoyMax123 on Mar 09, 2022 1:16pm
and what about no AGM and no apply for extension ? it is also a possibiity.
Comment by
copperplay on Mar 09, 2022 1:48pm
Rory what happens in this case? No one has answered my repeated emails to the company
Comment by
RoyMax123 on Mar 09, 2022 2:50pm
Don't know but it's already too late for an AGM on March 15 since they have to send the notice 21 days before the meeting...
Comment by
copperplay on Mar 09, 2022 2:59pm
more good news for shareholders but would assume it is not good. Halt or delist so let's see if extension and news next couple days
Comment by
GeorgiaStreetE on Mar 09, 2022 3:24pm
What's the panic about? We're holding for news here. Don't fall into whatever panic is being manufactured by shorters
Comment by
copperplay on Mar 09, 2022 3:26pm
these are facts Georgia don't be nave unless you know something we don't of course I don't want to be delisted or halted but silence has killed us and clock is ticking
Comment by
GeorgiaStreetE on Mar 09, 2022 3:28pm
There are no facts here, just speculation. Absence of evidence is not evidence of absence -- all we know is that we don't know what's happening. Jumping to conclusions, and really specific doom and gloom ones, looks motivated by gain.
Comment by
copperplay on Mar 09, 2022 3:30pm
again look up the rules for AGM deadline and timeline facts
Comment by
GeorgiaStreetE on Mar 09, 2022 4:01pm
They're not afoul of anything if they just publish an extension and a vague release about nothing to report. This isn't meaningful yet.
Comment by
copperplay on Mar 09, 2022 4:38pm
This has been meaningful since October when our partner basically crippled the company and called in a loan they could not pay again like Stratcap said any positive news this shoots higher but we are tired of waiting on these clowns
Comment by
StratCap on Mar 09, 2022 8:18pm
Call me Captain Obvious but with no AGM, shareholders dont have the ability to vote the Board of Directors out and at the same time management salaries continue to accrue.
Comment by
StratCap on Mar 09, 2022 3:43pm
Who in their right mind would short a 2.5 cent stock? Oil at $110 still... 1 positive news release would ruin your life or at least your day. Lol Anyway, back to waiting.