Business
SonnenEnergy Corp. - Bi-Weekly Default Status Report
SonnenEnergy Corp. - Bi-Weekly Default Status Report
About this update from Captiva Verde Wellness Corp
[{"type":"text","content":"\n\n\n\n Jun. 8, 2010 (Canada NewsWire Group) -- TSX Venture Exchange Symbol: PWR\n\n SonnenEnergy Corp. (the "Company") is providing this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). In its initial default announcement of April 27, 2010 (the "Default Notice"), the Company announced that it did not file its audited financial statements for its fiscal year ended December 31, 2009 (the "2009 Annual Financial Statements") and its management's discussion and analysis relating thereto (collectively, the "Annual Required Filings") before the prescribed deadline of April 30, 2010.\nAs previously announced, the Company applied for and was granted a management cease trade order in respect of this late filing. The Company is currently subject to a permanent management cease trade order (the "MCTO") issued by the Ontario Securities Commission on May 18, 2010, which prohibits the chief executive officer and acting chief financial officer and the directors of the Company from trading in the Company's securities for so long as there are filings that are outstanding under applicable securities laws. The issuance of an MCTO does not generally affect the ability of persons who are not directors, officers or other insiders of the Company to trade in the Company's securities.\nAs previously announced, due to the delay in filing the Annual Required Filings, the Company was not able to file, by the prescribed deadline of May 31, 2010, its interim financial statements for the three month period ended March 31, 2010 and its management's discussion and analysis relating thereto (collectively, the "Interim Required Filings").\nThe audit of the 2009 Annual Financial Statements is well underway and the Company continues to expect to file the Annual Required Filings, along with the Interim Required Filings, by the end of June 2010.\nOther than as set out herein, the Company reports that since the Default Notice and all subsequent bi-weekly default status reports (the "Default Status Reports"): (i) there is no material change to the information set out in the Default Notice or the Default Status Reports that has not been generally disclosed; (ii) there has been no failure by the C...