Well i am not sure precise SEC rule aganst NI3-101 report for company not listed in canada but I know they seriously frown on companies promoting this sort of report when they are not required to file in Canada. As far as their press release and the non-compliance indicated in their press releases I posted a lot on this before, and seemed to generate antagonism amongst some members of this board, my prior posts outline my opinions on this.
Yes SEC Guide 7 requires much more disclosure than this company gives, I just posted comments from just one SEC comment letter. At best company when they have a periodic review will have to do a lot of re-statements, or worse a series of retractions. Looking at how they disclose things shows limited experience of the CFO in my opinion- and why serious investors wouldnt provide serious money to this company.
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