Sorry I would love to find a firm date. But I haven't been able to. I talked to Lawrie today, so at least they haven't left town.
The best I can find out is that Doug screwed up big time. Fraudulent intent or not, he is in big trouble with some transactions and reporting requirements. They are working frantically to get this fixed, and they know they are shaking investor confidence. But all they can do is work hard to get it fixed now, and deal with the aftermath later.
I was assured everything is still going forward with the machine installation, so we aren't really losing time. I'm sure the VSE wants a company like this, (as long as it is compliant), so I think we should see something happen soon.
In other cases like this, I have seen the VSE accept a new board of directors and president so that it can trade again. If this doesn't get fixed soon, I hope the VSE moves in that direction.
Perhaps if they know of our concern, they will make their decision a bit quicker. Can't hurt.
By the way, Ken and everyone else is very frustrated with this halt. But at this point the best action is to wait for the VSE to report and the requirements to fix it are understood.
I wish I could be more definitive, but I'll keep trying.
Ted |
