Matritech - MZT Message Board

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Biotech / Medical : Matritech - MZT

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From: alenor	3/3/2008 10:59:09 AM
	of 16

It's over and has been since early January. The shares still trade OTC at around .09 (as MZTH) despite what Matritech has given as information. Take this part of Feb 20 release: '...At an appropriate time in the future, MZT Holdings intends to re-submit to the Securities and Exchange Commission its request for relief from the annual and quarterly report filing obligations. If, at that time, the Securities and Exchange Commission does not grant the relief requested, MZT Holdings will be required to continue to file Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. The continued obligation to make these filings will place a substantial financial and administrative burden on the Company, particularly as it no longer has any employees and no longer engages in any active business or operations. Any amounts that MZT Holdings is required to expend to make these filings in the future - including the legal, accounting and other administrative costs it will incur - will decrease the amount that MZT Holdings may ultimately have available for distribution to the holders of its common stock. ...' Difficult to be any clearer. alen

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