TGS Esports Halted Due To Failure To File Financial Results, No Timeline Provided For Resumption
TGS ESports Inc (TSXV: TGS) has found itself in some hot water this morning. The firm has seen the trading in its securities halted by the British Columbia Securities Commission.
The halt is related to the firms failure to file its audited financial results for the period ended June 30, 2021. Due on October 28, the company has yet to file the documents, with the firm saying that the cause of the delay is “not material.”
The firm primarily blamed the delay on the “accounting treatment of the previously announced acquisitions.” it appears that having conducted the acquisition of three separate firms as well as a a strategic investment in another over the course of the year has slowed down the firms auditors.
While the company stated that the revocation is expected to occur “shortly” following the filing of its annual results, a more specific timeline wasn’t provided by the company, leaving shareholders in the dark.
TGS Esports last traded at $0.10 on the TSX Venture.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
