03:59:15 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Tribe Property Technologies Inc
Symbol TRBE
Shares Issued 21,351,194
Close 2024-04-26 C$ 0.66
Market Cap C$ 14,091,788
Recent Sedar Documents

Tribe Property applies for MCTO

2024-04-26 19:06 ET - News Release

Mr. Joseph Nakhla reports

TRIBE PROPERTY TECHNOLOGIES ANNOUNCES FILING TIMELINE FOR 2023 ANNUAL FINANCIAL STATEMENTS

Tribe Property Technologies Inc. expects to complete and file its 2023 annual filings (as defined below) on or before May 15, 2024.

Because the 2023 annual filings will be filed following the requisite filing date of April 29, 2024, the company has applied to the British Columbia Securities Commission for a management cease trade order (MCTO) that will prohibit the chief executive officer and the chief financial officer, and such other directors and officers of the company, from trading in the securities of the company until such time as the 2023 annual filings have been filed. The BCSC has yet to make a decision on the aforementioned application and there is no guarantee the BCSC will grant the MCTO.

The anticipated default is due primarily to the delayed receipt of an expert report with respect to goodwill. The proposed filing timeline will provide the company's auditor with sufficient time to complete the report. Management notes that there are no disagreements or major unresolved issues with the auditor on any matter of the audit scope or procedures, accounting principles or policies, or financial statement disclosure.

The annual filings consist of: (a) the audited financial statements of the company for the 12-month period ended Dec. 31, 2023; (b) the management's discussion and analysis for the 12-month period ended Dec. 31, 2023; and (c) the CEO and CFO certification of filings under Section 5.1 of National Instrument 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings.

The company confirms that it intends to satisfy the provisions of the alternative information guidelines described in National Policy 12-203 and issue biweekly default status reports for so long as it remains in default of the requirement to file the 2023 annual filings. The company has not taken any steps toward any insolvency proceeding and the company has no material information to release to the public. The company has made the foregoing representations in accordance with the requirements of applicable securities laws.

About Tribe Property Technologies Inc.

Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers. Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform.

We seek Safe Harbor.

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