Oilsands Quest announced that it has amended and filed its Form 10-Q for the quarter ended July31 with the United States Securities and Exchange Commission and with securities commissions in Canada. The amendment is required in order to restate the expense recorded for stock based compensation for the 3 months ended July 31 to correctly account for the forfeiture of options for employees who have left the company, as required by authoritative guidance on Share Based Payment issued by the Financial Accounting Standards Board. The restatement does not have any impact on the Company's cashflows for the affected period nor does it affect the extent or value of the Company's resource base or other assets. :theflyonthewall.com
News For BQI From The Last 14 Days
Check below for free stories on BQI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
