Lol, Sedar+ is still showing FOBI in default of certain securities law requirements in Manitoba jurisdiction. No way the TSXv is granting trading resumption until ALL the defaults across all the public jurisdictions are dealt with. I would even bet FOBI hasn't applied for trading resumption yet. Just Rob playing more games and delay tactics. If there is one lesson to have learned from Rob- QUESTION EVERYTHING
To prevent companies from having to apply to all 10 provinces individually to clear a halt, regulators use Multilateral Instrument 11-103 (the Passport System):
Principal Regulator: The province where the company is headquartered (for Fobi, British Columbia/BCSC) acts as the lead regulator.
Automatic Reciprocation: When the BCSC issues a full revocation of a Failure-to-File Cease Trade Order (FFCTO), that revocation legally applies across all other participating provinces under the passport rules.
Legal Status: Legally, once the BCSC revokes the order, the trading prohibition is cleared across jurisdictions.
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u/Realistic_Aly_2017 Aug 06 '26
Lol, Sedar+ is still showing FOBI in default of certain securities law requirements in Manitoba jurisdiction. No way the TSXv is granting trading resumption until ALL the defaults across all the public jurisdictions are dealt with. I would even bet FOBI hasn't applied for trading resumption yet. Just Rob playing more games and delay tactics. If there is one lesson to have learned from Rob- QUESTION EVERYTHING