on AI/ML Innovations Inc. (isin : CA00143Y1034)
AI/ML Innovations Inc. Provides Status Update
Victoria, BC / ACCESSWIRE / September 6, 2024 - AI/ML Innovations Inc. (CSE:AIML, OTCQB:AIMLF, FWB:42FB) announced that the British Columbia Securities Commission (BCSC) granted a management cease trade order (MCTO) on August 29, 2024. This affects the trading activities of CEO Paul Duffy and Interim CFO Tim Daniels until the company files its financial statements and related documents for the year ended April 30, 2024. The order does not impact other shareholders.
The company's board and management are working to file the required documents by September 30, 2024. There is no new material information that has not been disclosed. The company is also addressing accounting issues related to a France-based investee entity.
Until the documents are filed, AI/ML Innovations will issue bi-weekly status reports as per NP 12-203. If the company fails to meet the filing deadline, Canadian Securities Regulatory Authorities may impose a complete cease trade order.
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