VSBLTY ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS
VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) announced a delay in its annual financial statements for the year ending December 31, 2021, originally due on May 2, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) announced a delay in its annual financial statements for the year ending December 31, 2021, originally due on May 2, 2022. The delay is attributed to lagging documentation from the company's international operations and translation issues. Despite this setback, the company is working diligently to finalize the filings and anticipates submitting them imminently. This development is crucial for investors awaiting insights into the company's financial performance.
Positive
- The company is proactively addressing the delay in its annual financial filings.
- Anticipates imminent filing of the delayed financial statements.
Negative
- Delayed annual financial statements may raise investor concerns about transparency.
- Lag in documentation could indicate operational inefficiencies.
Details
News Market Reaction – VSBGF
The recorded move for VSBGF in the trading session of this news was -5.58%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Philadelphia, PA, May 02, 2022 (GLOBE NEWSWIRE) -- VSBLTY Groupe Technologies Corp. (the “Company” or “VSBLTY”) (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt 5VS), a leading software provider of security and retail analytics technology, announces that its annual financial statements for the year ended December 31, 2021, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the “Annual Financial Filings”), have been delayed beyond May 2, 2022.
The Annual Financial Filings were delayed due to a lag in receiving documentation relating to the Company’s international operations and the translation of such documentation. The Company is working on completing the Annual Financial Filings and expects to be able to file them imminently.
On Behalf of the Board of VSBLTY Groupe Technologies Corp.
"Jay Hutton”
CEO & Director
Investor Relations
CHF Capital Markets
Cathy Hume, CEO, +1-416-868-1079, x251
Harbor Access
Jonathan Paterson, 475-477-9401
Jonathan.Paterson@Harbor-Access.com
Graham Farrell, +1-416-842-9003
Graham.Farrell@Harbor-Access.com
CONTACT: Linda Rosanio, 609-472-0877
About VSBLTY (http://vsblty.net/)
Headquartered in Philadelphia, VSBLTY (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (“VSBLTY”) is the world leader in Proactive Digital Display™, which transforms retail and public spaces as well as place-based media networks with SaaS-based audience measurement and security software that uses artificial intelligence and machine learning. Its proprietary technology effectively integrates with other digital retail solutions, including QR codes and mobile applications. The firm is also recognized for its leadership role in the growing Store as a Medium movement that enables brands to reach customers when and where buying decisions are being made while producing a new revenue stream for retailers.
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