InvestorsHub Logo
Followers 41
Posts 3508
Boards Moderated 2
Alias Born 09/20/2007

Re: buccaneer1961 post# 2122

Wednesday, 07/17/2019 8:52:02 AM

Wednesday, July 17, 2019 8:52:02 AM

Post# of 2645
All it means is that the Alberta Stock Exchange agreed to issue with the Management No Trade Order (MNTO) that FTMR management requested during this interim period.

The management of FTMR applied for it and received it. Until their fillings are caught up they've committed themselves to not trade the stock (which I highly doubt they were doing anyway) AND to provide bi-weekly shareholder updates. Yesterday's press release was one of these updates.

Other than a restriction on management's trading of this stock, the stock is trading normally for everyone else... so it's pretty much business as usual for them and everyone else.

Also, as I understand the filings there were no material misrepresentations (or lies). The issue at hand has to do with accounting and classifying the acquisitions that were made.


Watch for opportunities with those you trust.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.