Ubiquitech Software Corp (UBQU)

[Amievil]

This is what he told me and gave a link...


Cease Trade Orders

A cease trade order (CTO) is a decision issued by a provincial or territorial securities regulatory authority or similar regulatory body against a company or an individual. CTOs are issued for reasons such as failing to meet disclosure requirements or as a result of an enforcement action that involves an investigation of potential wrongdoing.

The purpose of the National CTO Database (CTO Database) is twofold: provide stakeholders with a publicly searchable database containing all CTOs issued by participating CSA members, regardless of whether their effect is temporary or indefinite, and disseminate such CTOs to its subscribers.

There are two categories of CTOs:
•CTOs that ban trading in securities of a reporting issuer or a non-reporting issuer, regardless of whether the CTO resulted from a continuous disclosure default, an enforcement action or other, and;
•CTOs that ban trading by certain individuals and/or companies, regardless of whether the CTO resulted from a continuous disclosure default of the company (such as a management cease trade order), an enforcement action or other.