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Statement of Active Business Pursuits and Objectives - detailed report on its active business pursuits. It shall describe the technical and commercial aspects of the applicant company’s business operations.
Active business pursuits is defined as the activities undertaken and will be undertaken by the applicant company in order to advance its business.
As a general rule, financial projections are not required, but should there be references made in the Statement to future profits or losses, or any other item that would be construed to indicate forecasts, then the applicant company is required to include financial projections in the Statement duly reviewed by an independent accounting firm.
For listing applications received within the first three (3) quarters of the applicant company’s fiscal year, the period of discussion should cover the previous and current fiscal years and the next two (2) fiscal years. With respect to listing applications received within the fourth quarter of the applicant company’s fiscal year, the discussion should cover the previous and current fiscal years and the next three (3) fiscal years.
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Statement of Active Business Pursuits and Objectives - detailed report on its active business pursuits. It shall describe the technical and commercial aspects of the applicant company’s business operations.
Active business pursuits is defined as the activities undertaken and will be undertaken by the applicant company in order to advance its business.
As a general rule, financial projections are not required, but should there be references made in the Statement to future profits or losses, or any other item that would be construed to indicate forecasts, then the applicant company is required to include financial projections in the Statement duly reviewed by an independent accounting firm.
For listing applications received within the first three (3) quarters of the applicant company’s fiscal year, the period of discussion should cover the previous and current fiscal years and the next two (2) fiscal years. With respect to listing applications received within the fourth quarter of the applicant company’s fiscal year, the discussion should cover the previous and current fiscal years and the next three (3) fiscal years.
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