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Gold/Mining/Energy : Tracer Petroleum (TCXXF)
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To: Peter G. Troyan who wrote (998)5/6/1999 11:37:00 PM
From: drrobinson  Read Replies (1) of 1261
 
My investors and I committed to the private placement last year not knowing that the Company had not disclosed to the shareholders that it had received notice from NASDAQ of the possible delisting of the stock. When this came to our attention, and certain members of the Board were still against disclosing this information to the shareholders, we had to back away - I was fearful that the Company was ripe for a lawsuit if they proceeded down the path of non-disclosure, and then somehow the information leaked out. Fortunately, after we pulled our commitment for the private placement, the Board listened to me and disclosed the problem of the possible delisting.

DRR
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