PowerBand Solutions Stays on Course Amid MCTO

Powerband Solutions (TSE:PBX) has released an update.

PowerBand Solutions Inc. has issued a bi-weekly status update regarding its Management Cease Trade Order (MCTO), stating it is working closely with auditors to file necessary financial documents by June 15, 2024. The MCTO, resulting from delayed financial filings for the year ended December 31, 2023, currently restricts trading by company executives but not by the public. The company reassures there have been no material changes or additional defaults since the previous announcement and will continue to provide bi-weekly updates as required.

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