I really hope you’re not an executive at RIM seeing this for the first time. If so, all apologies. News in from Bloomberg has the trading ban on RIM executives extended until March. There have been nothing but delays since RIM originally delayed the filing of the reports back in October due to issues with their stock options back in the late ’90s.
The ban covers 66 Research In Motion employees and directors, including founders James Balsillie and Michael Lazaridis. Research In Motion said its fiscal second-quarter report won’t be ready until March 3 because a review of its stock-options accounting is taking longer than expected.
“We’re concerned about the delay in filing,” Wendell Wigle, chairman of a two-member Ontario Securities Commission panel, said today after a hearing in Toronto.