RE: TRADING SUSPENSION One must not forget that this Trade Suspension came about due to Mr. Dame's non-compliance in following the procedure required to have the Trading Halt lifted. See Rule:
3.7 An Issuer whose Listed Shares remain halted or suspended for a period of more than 90 days must meet the following requirements in order to be reinstated for trading:
(a) the Issuer must make an application for reinstatement of trading, demonstrating that it meets the Exchange’s Initial Listings Requirements and is otherwise in good standing, including attendance at a pre-filing conference and, if required, obtaining sponsorship.
(c) the Issuer must receive approval for reinstatement from the Exchange, which will conduct a review of any compliance problems or investigations, evidence as to meeting the Initial Listings Requirements, the Issuer’s new business proposal and whether it appears to be in the interest of the investing public to permit continued listing.
Is it in the interest of the investing public to permit continued listing? Do they have a new business proposal?
So far the only benefactors of this Co's. listing is their Related Party Companies,Related Party Secured Debentures and Notes,interest-free,no repayment schedule loans to Related Party Companies and persons.The ordinary shareholder hasn't seen any benefit.
I wonder what kind of business plan can be conceived from a Company that is 3 million dollars in debt,has 1 operating well losing money,1 non-functional well that couldn't even be sold,lease holding on Shale Oil lands in Saskatchewan,no income,an outdated misleading Web Site,unable to even effect a Co. name change in 4 years,the BOD can't buy their own stock due to a MCTO,an ERCB decision that harms the Co.,complaints to the TSXV about the Co. Nothing negative that I see with all that going for them. LET'S GET TRADING!!!