Meiner Meinung nach liegt das Problem bei der Einordnung des Coin und da scheint die Aufsichtsbehörde
selbst noch Probleme zu haben das Konstukt von NC mit der Foundation richtig einordnen zu können.
Kommt mir so vor als müssten die erstmal selbst rechtlich prüfen lassen wie man mit der Sache umgeht.-
Kann auch sein,dass wir auf die Zulassung auf den Cayman Islands warten müssen und dann der handel wieder aufgenommen werden kann.-
FORM 7
–
MONTHLY PROGRESS REPORT
May 2018
Page
2
On
May 2
nd
,
the Issuer announced that it signed an exclusive white label
deal with Wild Bunch Gaming. The Issuer will provide a cryptocurrency
payment processing service initially for five Wild Bunch websites.
On April 23, 2018 the CSE issued the following statement
:
NetCents
Technology Inc. is in default of CSE requirements. Effective
immediately,
NetCents Technology will be suspended pursuant to CSE
Policy 3. The suspension is considered a Regulatory Halt as defined in
National Instrument 23
-
101 Trading Rules.
T
he C
SE halted trading in the
securities of the Issuer because the British Columbia Securities Commission
(BCSC) had advised the CSE that the Issuer was in default of continuous
disclosure reporting requirements. On May 24, 2018 the Issuer issued a
news releas
e advising of the nature of the additional disclosure sought by
the BCSC in its annual MD&A and first quarter MD&A and financial
statements. The halt is expected to remain in place until the Issuer has
satisfied the BCSC’s continuous disclosure review
and
is removed from the
list of reporting issuers in default... The Issuer is working diligently to satisfy
the comments of the BCSC
.
Provide a general overview and discussion of the activities of management.
Over the past month, management has
continued to
focus on expanding the
company’s global
reach
,
working
to build a pipeline of new potential partners
to further increase revenue of the business
. Refer to Item 1 above
.
Management has
also
been focused on providing all the required information
to have th
e Regulatory Halt lifted.
There are ongoing discussions with the
BCSC with respect to the accounting treatment of the NetCents Coin and the
valuation and presentation on the Company’s financial statements. Until
these discussions are concluded, and a decis
ion is made on proper
treatment, the stock is at risk of continuing to be halted. Certain management
personnel are focused on this accounting issue and working diligently to
resolve this issue as soon as possible