After some DD it could be a great pick if there is a newsrelease about earnings or about the invistigation against them. maybe for a short earning. I didn't liked it when I found this:
FOR: BRITISH COLUMBIA SECURITIES COMMISSION
NOVEMBER 9, 1999
RE: BCSC: Commission Seeks More Information from Thermo
Tech Technologies Inc., Cease Trade Order Remains in
Effect
VANCOUVER, BRITISH COLUMBIA--A cease trade order against Thermo
Tech Technologies Inc. remains in effect while British Columbia
Securities Commission staff seek more information from the
company, the commission said today.
Commission staff issued the order July 14, 1999 against Thermo
Tech, which trades on the Over The Counter Bulletin Board (OTCBB)
in the United States, because the Langley, B.C.-based company
failed to disclose material information about the acquisition of a
50% interest in Ontario Thermo Tech Inc.
"Our review of information provided by the company raised
additional concerns about the lack of information available to
investors," said Commission spokesman Michael Bernard. "The cease
trade order remains in effect indefinitely while we review
additional information we have asked the company to provide."
Commission staff are relying on section 186 of the Securities
Rules, B.C. Reg. 194/97 to require Thermo Tech to file additional
information. That section permits the Executive Director to
require a company to file additional information and records if
considered necessary to enable the Executive Director to determine
whether revoking an outstanding cease trade order is prejudicial
to the public interest. The information the Executive Director
has required Thermo Tech to file includes:
* audited financial statements for the company for the year ended
April 30, 1999;
* a business plan that includes a discussion of the current
financial position of the company and measures proposed to resolve
the insolvent condition of the company. The plan also must
contain a discussion of all core operating and intellectual
assets, risk factors, and all existing material conditions that
affect the operations of the company; and
* information to satisfy staff that the business of the company
will be conducted with integrity, in compliance with the law and
in the best interests of the company's security holders.
But the good news: Income up 60% a year.
eps in 1996 -1.2
eps in 1997 -0.5
eps in 1998 -0.26
Maybe the eps will be positive for 1999 if they do their filings with the sec??? Last filing I found : 21.11.1996 ;-$((( |
