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Engineering, procurement, construction & management of crude oil refineries.

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Message: spoke to Nazima

spoke to Nazima

posted on Oct 23, 2007 11:29AM

Hi gang,

I spoke to Nazima and would advise others to do so if you want to know what's going on.

Here is a summary;

1) Current status of trading halt - resuming trading is the company's number one priority. The documents that were submitted to MRS were mostly accepted. MRS asked for third party letters to confirm information in one of the NR's because they felt the original source was too close to the company, and they are waiting for one of these third party letters. The MRS reviewer is on holidays until next week, which is when they hope to receive the final letter in question, get it to MRS, and get trading resumed as soon as possible after that.

2) Progress with the company - Nazima said the company has a lot of information to share with shareholders about the progress that has been made on the proposed projects, hence the urge to resume trading. She said the company continues to update those shareholders who have sent emails as things have progressed and she welcomes inquiries

3) News release/update - The company considered this and decided against it because any release must be reviewed by MRS and that wouold take time away from reviewing the documents that would get the trade resumption. I suggested to her that though this makes sense, a clarification would help to reduce the speculation and assumptions on this and other BB's. She said she would speak to her boss about issuing a letter. She said she would be happy to speak to me anytime so I would recommend if you are concerned, curious, whatever, call or email.

I hope this helps.

Ronnie C


Oct 23, 2007 11:32AM

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Oct 23, 2007 12:17PM

Oct 23, 2007 06:27PM
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