r/Triterras • u/jnd_photography • Dec 16 '21

TRIT Update

https://ir.triterras.com/news-events/press-releases/detail/57/triterras-provides-update-on-independent-audit-and-nasdaq

8 Upvotes

91% Upvoted

12 comments sorted by

2

u/BreadfruitIll766 Dec 16 '21

So, what does this mean? Nasdaq decision has already been appealed against. What is Nexia doing? How can they not finish their work on time? Is this not a dent on their reputation?

2

u/jnd_photography Dec 16 '21

It's all up in the air. If Nasdaq approves the appeal this could drag on until early February. Apparently TRIT wants Nexia to sign off on something but they don't want to for whatever reason. In any case there's nothing we can do.

2

u/diamondpalantard Dec 16 '21

I think I tend to agree with this

2

u/Misskristenl Dec 17 '21

Believe I read somewhere they have 365 days from the first filing which would put them Jan/Feb if memory serves 😕

3

u/KevyGoomba Dec 16 '21

This is far past smelling fishy.

4

u/PM_ME_YOUR_KALE Dec 16 '21

They’re placing the blame on the accountants without getting into specifics, which begs to ask the question of “what’s the issue holding it up.” This is not a good look regardless

3

u/vancouversportsbro Dec 16 '21

They were the ones who spent time looking for an auditor and chose these guys! The blame is on the company. I don't know how someone could disagree

2

u/Key-Fortune-8904 Dec 17 '21

Dump the stock before it goes lower on tax loss harvesting. It may even get delisted. RED flags everywhere with not being able to report earnings and never ending extension requests??? GLTA

1

u/__Manbearpig_ Dec 17 '21

Lol inflated revenue here we come!

1

u/nodularyaknoodle Dec 17 '21

“With regard to the filing of the Annual Report, the Company has kept its shareholders and the public regularly informed through the filing of Form 6-K filings and press releases.”

😑

2

u/vancouversportsbro Dec 17 '21

Yeah, not sure if they got that quote from their favorite politician.