Another step The share cancellation announced today is yet another step in the right direction although somewhat disappointing for both the holders of those shares and for the company as it doesn't really benefit from what should have been money coming in to the TEI bank account. We know of at least 750k shares that were returned and can make some pretty good assumptions as to where the other shares came from. Obviousy the TSX.V review is still being dealt with This continues to be a drain on manpower but will come to an end.
Legal issues continue to overhang this company and could be a major stumbling block on the way to becoming a profitable company. Unfortunatly this may well be in the hands of the courts so the time frame to clear these matter up is anyone's guess. Hinke case is heading towards year 5 now so that indicates these things can basically become baggage for most of a company's life. Many say it is just part of business and beyond a companys direct control.
Dry-rex remains the dark horse and should the new company be able to land a deal this year with one of these attached it could completly change the game however it was mentined that the new management was going to focus primarily on what they knew best and Dry-rex doesn't seem to fit that criteria.