RIM posts another status update


Here’s yet another status update of RIM’s status updates. I’ll be pleased as punch when March 7 finally rolls around and RIM can file away these things for good.

As previously disclosed, at the request of the Company, the OSC issued a management cease trade order (MCTO) restricting certain insiders of the Company from trading in and acquiring securities of the Company, whether direct or indirect, until two business days following the receipt by the OSC of all filings RIM is required to make pursuant to Ontario securities laws. Three additional insiders of the Company have recently become subject to OSC Policy 57-603 as a result of being promoted or hired and have signed undertakings with the OSC agreeing to comply with the terms of the MCTO as if they were listed as respondents in the MCTO.