Follow-up with Christopher Chu
posted on
Aug 04, 2014 07:19AM
Hi everyone,
I emailed Christopher Chu yesterday afternoon and received a call from him within about 15 minutes I firing off the email.
CC has been looking into the "incorrect" insider sells since the first of three popped up and has been in contact with the IIROC and has looked for a solution to fix this issue. Unfortunately it's just due to an old, flawed system which when someone who was an insider sells, even if they aren't an insider anymore, it sends off the marker and then once "filed", it automatically gets corrected. Unfortunately there's no way to prevent this from happening unless the broker makes the change and PTK can't contact the broker and the IIROC can't either.
It's still being looked at but it's just one of those dumb systems that's in place and anyone with deep pockets or investment firms understand this and wouldn't be spooked like the casual investor.
I felt very confident after speaking with CC and am looking forward to some news hopefully soon and the planned target of Q4-Q1 revenue/contracts. We're already a month into Q3 so it's fast approaching.
GLTA