Three directors of Main Event, including the mentor who is responsible to ensure compliance with the JSE rules.
Main Event went to the market in January this year in its Initial Public offering. The prospectus reported figures up to September 2016, one months ahead of the year end.
The stock was listed in February but investors have not yet seen the April quarterly report which is due by the 15th of June, not to speak of those for January quarter this year and the audited accounts for 2016, that is far too long between reports.
Players in the capital market ought to know that markets thrive on credible and timely information. In the absence of new financial data that in a normal market should be released at least for the January quarter, investors have been trading in the dark, not knowing what is happening financially. That is not good enough.
There are not quarterly no audit accounts and no disclosure as to when these will be made available, with the March quarter results passed due from May 15.
One take the view that the Stock Exchange requires report post listing, that would require the April quarterly report only, those rules are old fashioned. the fact is that the company got the go ahead for the IPO before the end of the first quarter of 2017. All new listings should be required to file all financials, that cover the period since the last one included in the prospectus so that investors are adequately informed.
A check with the Jamaica Stock Exchange have so far not disclosed that the first report is for the April quarter which is due by mid-June. Regardless of what the JSE rules require good corporate governance suggest that the company should have released both the audited report as well as the January quarterly, nevertheless it is time the Stock Exchange change the rules in the interest of investors.
I sometimes wonder who advises company management. The decisions they often make, while seeming to be well intentioned, raise critical questions about what they expect the out turn to be. 
This publication applauds Jamaica’s 
IC Insider,
Is the end of king sugar nigh?
What is happening to the local sugar industry is a disaster, one made worse by the Chinese taking over the country’s two largest factories.
To read that the already ridiculously low forecast of just 100,000 tons of sugar is being lowered to 91,000, says eloquently, that the industry is in a major crisis and in urgent need of major surgery.
Frome Sugar Factory the report states, closed the crop with only 20,451 tons of sugar from 247,000 of canes, that is a yield of 12 tonnes of cane to a ton of sugar which can be considered poor. In the late 1970s and very early 1980s, Frome produced over 70,000 tonnes of sugar and Monymusk around 50,000 tonnes.
What is really happening in the industry? Long Pond in Trelawny, use to produce around 15,000 tonnes per crop and Dunkenfield just under that. Canes that went to Bernard Lodge that use to produce over 40,000 tonnes of sugar was going to Monymusk. What the data is indicating is that the three smaller factories are producing close to their historical norm, so what exactly is happening why the two big factories are dying.
Pricing maybe a problem but it appears that weak management with lack of experience is the major reason. The reality is that even if Frome continued production to the end of the crop, they cannot be profitable at roughly a third of capacity. Whatever, the factors, the government needs to pay urgent attention to the two large factories. In reality there are just not enough canes in the fields to make for a viable factory operation at either Frome or Monymusk and there are no signs that this critical aspect of the industry is being addressed in the areas close to these factories.