Replies to post #2039 on Viscount Systems (VSYS)

[Ldlindse]

this is all I could find from the series A note in regards to the late filing

"10. Information Rights. Unless otherwise publicly available in electronic format on the website of the Company or filed with the SEC, the Company shall furnish to the Holder within one hundred and five (105) days after the end of each fiscal year, audited financial statements of the Company and its consolidated subsidiaries and, within sixty (60) days after the end of each of the quarters of each fiscal year, unaudited financial statements of the Company.

https://www.sec.gov/Archives/edgar/data/1158387/000106299315006497/exhibit4-2.htm

I couldn't find anything outlining penalties/payments but if there are the shareholder could sue for breach of corporate duty and loyalty.

I guess you'd also have to prove they did it purposely and aren't just retarded.