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PowerBand Solutions Inc - PWWBF STOCK NEWS

Welcome to our dedicated news page for PowerBand Solutions (Ticker: PWWBF), a resource for investors and traders seeking the latest updates and insights on PowerBand Solutions.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PowerBand Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PowerBand Solutions's position in the market.

Rhea-AI Summary
PowerBand Solutions Inc. announces a delay in filing its audited annual financial statements for 2022 and 2023 due to audit completion delays, resulting in an application for a management cease trade order. The Company aims to file the Annual Filings by June 29, 2024, and will issue bi-weekly default status reports until then.
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PowerBand Solutions announces the appointment of HDCPA Professional as its new auditor, replacing MNP LLP. HDCPA, a CPA firm with offices in Toronto and Mississauga, is licensed with CPA Ontario and registered with the Canadian Public Accountability Board. The change of auditor was reviewed and approved by PowerBand's board of directors.
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PowerBand Solutions Inc. welcomes back former MUSA Auto Finance founder and CEO Jeff A. Morgan as the new CEO, along with Steven Lee returning to the Board of Directors. Mr. Morgan expresses gratitude towards Darrin Swenson and Bryan Hunt for their support. The company aims to enhance its business model and engage with its team, customers, and investors.
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PowerBand Solutions (PWWBF) has been granted a 30-day extension by the TSX Venture Exchange to appoint two independent directors, with a new deadline set for April 30, 2024.
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PowerBand Solutions (PBX) announces the resignation of its auditors, MNP LLP. MNP resigned on their own initiative, with no reportable events, disagreements, or unresolved issues. PowerBand is now looking for a successor auditor.
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PowerBand Solutions (PBX) appoints CFO Shibu Abraham to the board of directors, satisfying the minimum requirements for the number of directors required by the TSX Venture Exchange. The trading halt on the company's common shares is anticipated to be lifted. The board of directors now consists of Bryan Hunt, a non-executive director, and two officers, Darrin Swenson, CEO, and Shibu Abraham, CFO.
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PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) announced that its common shares have been temporarily halted for trading by the TSX Venture Exchange due to the departure of three board members, leading to non-compliance with the Exchange's requirement of a minimum of three directors. The Company has until January 5th, 2024 to appoint an additional director, failing which its common shares will be suspended from trading. PowerBand has initiated the process to fill the board vacancies.
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PowerBand Solutions (PBX) Announces Resignation of Board Members and Plans for Securing Funding Lines
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PowerBand Solutions (PBX) Announces Successful Results of Annual General and Special Meeting of Shareholders
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PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) announced the filing of its Interim Consolidated Financial Statements and Management's Discussion and Analysis report for the three and nine-month period ended September 30, 2023. Revenue for Q3 2023 was $555,398, consistent with Q2 revenue of $497,549. The company had no new lease originations in Q2 and Q3, with revenues generated from servicing the existing lease portfolio. Adjusted EBITDA loss for Q3 2023 decreased by $332,395 compared to Q2 2023. Cash on hand as of September 30, 2023, was $4,209,210, down from $10,299,414 as of December 31, 2022. The company is engaging with funding partners to re-commence lease origination.
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PowerBand Solutions Inc

OTC:PWWBF

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PWWBF Stock Data

8.02M
213.10M
30.31%
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