Replies to post #45422 on Novation Holdings Inc. (NOHO)

[Truenorth2016]

AMERITRADE IS Allowing buying on PINK SHELL RISK STOCKS. Your Info Is Incorrect, Not Sure what you motive is but I bought some yesterday with no problem and put a order in today pre-market that went through and pending until opening bell. This is not true...

[whatisthecolorofmone]

Reason for TD Cease order - Response from Securities Commission

Novation Holding Inc is subject to a Cease Trade Order filed on Jan 15th of 2014. The company was cease traded because they failed to file financial statements for 2012 and 2013. Filing of financial statements is required for company to trade in a Canadian province, failure to do so results in a cease trade until they get their financial statements correctly filed. They may still be traded in other countries where they are following the required legislation by filing their financial statements correctly. For example, they could be meeting all of the United States requirements for trading securities and as such are still allowed to trade there. If the company were to correctly file the missing financial statements then the CTOs would be revoked.

If you want to sell the shares while they are under a CTO, there is an application process. The process for making an application to sell shares under a CTO, including the fees, where, the materials need to be sent, and what materials to include, are all in ASC policy 12-601, which can be found on our website here, https://www.albertasecurities.com/-/media/ASC-Documents-part-1/Regulatory-Instruments/2018/10/5326284-v1-12-601-ASC-Policy-Consolidation-Eff-December-1-2016.ashx. It is recommended that you include as much information as you can about the relationship you have with the company (or lack of one), how you acquired your shares in the company, and what kind of account you hold the shares through.

Alternatively, because the nature of the CTO is failure to file financial statements, you can try contacting the company directly to see if they have any intention of correctly filing their financial statements. If they do, then the CTO would fall off within a few days of correct filing and would be eligible for trade again.

I have included a link to the information about the CTO below:

https://cto-iov.csa-acvm.ca/ArticleFile.asp?Instance=101&ID=6F3BFC09A1914FD5AF481401F28B1387

[Edmcaffrey]

I just bought NOHO yesterday on TD Ameritrade - this is just nonsense. It’s Pink, and it’s a rising!!!