To all:
After many conversations with shareholders, it is apparent that I misjudged the situation regarding retaining the NASDAQ listing through a share consolidation. As such, the Board of Tracer has resolved to withdraw the resolution calling for the 3-for-1 consolidation of Tracer's outstanding common shares - news to this effect should be out momentarily.
I apologize for any grief that this may have caused shareholders. The intention of the Board was not to harm the shareholders, but rather to do what was felt necessary to retain the listing, and ultimately raise further capital for the Company to pursue new projects. Hopefully, by the Board's actions, you will see that we do listen to the shareholders, and we do have your best interests in mind.
We now intend to concentrate on adding value to the Company by moving forward on new projects in Iran, Indonesia, and elsewhere, as quickly as possible, and as financing permits.
If anyone wishes to speak with me regarding Tracer and its endeavors, please feel free to contact me at 403-290-1676, or via email at davidrobinson@execmba.com.
Sincerely,
David R. Robinson |
