EZ comments on cease trade.VANCOUVER, BRITISH COLUMBIA, Mar 9, 2010 (Marketwire via COMTEX News Network) --
1)The company would like to assure shareholders, however, that it will be completing the shipping of its mined bulk sample to the Kinross mill in the next few weeks as planned, in anticipation of its early April scheduling to run the sample.
2) the company is confident that its projects will bode well for the company and is working diligently with the auditor to complete the Financial Statements in a timely manner to meet the regulatory requirements. The company is continuing operations, especially the completion of the Bonaparte Project initial bulk sample.
3) management is confident that the audited annual financial statements will be filed and cleared very shortly.
This is a sample of the coments issued by EZ the day after the cease trade. I am a small shareholder so I don`t want to bash this stock but in all honesty... wtf.
1) Early april has come an gone. You would think that if EZ had sucessfully delivered the bulk sample there would be an update regarding it.
2) I hate news releases like this when the say things like ``timely manner``. What is timely to one party is decidedly long and inconvienient for another. More specifics would be nice.
3) Again, is it too much to ask to define ``filed and cleared very shortly``...
Since the cease trade order was rather unexpected is it to much to expect an update on what has been going on over the last 50 days. Is any progress being made etc.
I bought shares in EZ after reading a news release a while back claiming that EZ was going to be a producer and the first check was expected within 30-60 days. Thats was quite a few months ago. What happened.
I hate to agree with some of the bashers that are posting all to frequently here, but nothing that this company has stated they would do has come to fruition. The one good thing that occured was the last 5 million financing at remarkable terms. However, when i bought a few months before, EZ gave the impression in there news releases that no new financing was going to be required because checks would be coming down the pipe.
Whats happened to all these expectations... Is it too much to ask to release some relevant, accurate info on where we stand today.