Harry, first of all, I would have attended if I could have and if I had known that there was the 1 week postponement, due to the lack of a quorum, I could have made that meeting. I did not know and thus was also unable to attend that one.
I wanted to double check a couple of things before posting. The company has now filed audited financials for 1997 and 1998 and are up to spec in that regard with their filings. I am told now that the only outstanding filing required is the same as any shell requires and that is a viable business plan, the acceptance of an exchange for listing and proof of available funding to execute said business plan.
I guess this means you are correct, they have not refiled everything. However, until there has been a decision on which venture to focus on, as the future core business entity, the remaining filings can not be completed. A potential candidate has apparently been identified and the company is currently awaiting a detailed business proposal for it. I am told the expectation is that it will likely take a month or so, before that has been received.
The share consolidation has indeed been ratified and will occur, the name change is mandatory, if I am not mistaken, when share structure is changed. What the new name will be, I doubt we know, since they have not actually identified what the new business focus is going to be.
Salut,
Leigh McBain |
