NFT Technologies Inc (OTCMKTS:NFTFF) Stock On Watchlist After A Key Update

NFT Technologies Inc (OTCMKTS:NFTFF) has decided to provide bi-weekly updates in line with its National Policy 12-203 – Management Cease Trade Orders.

Trading Data

On Monday, NFTFF stock slid 6.55% to $0.0214 with more than 425 shares, compared to volume of 24.03K shares. The stock moved within a range of $0.0214 – 0.0214 after opening trade at $0.0214.

NFT Tech Provides Bi-Weekly MCTO Status Update

Back on April 3, 2023 the company had announced and provided a further update on April 14 with regards to its application for a management cease trade order (MCTO) from the British Columbia Securities Commission (BCSC) for its delay in filing its annual financial statements, analysis, management discussion and the associated officer certifications for the fiscal year ended December 31, 2022. The MCTO had been issued by the BCSC back on April 3 but NFT Technologies noted yesterday that it was working hard with its auditor and expected to submit its annual filings as soon as it possibly could.

The company went on to note that the filing was going to be completed on or before May 12, 2023. The MCTO is an order that prevents the Chief Financial Officer and Chief Executive Officer of the company from trading in the securities of the company. That being said, it does not have any bearing on the ability of the other shareholders or the members of the public from trading in the securities.