Resignations!
Zecotek Photonics directors resign
2021-08-03 19:12 ET - News Release
Mr. Faouzi Zerrouk reports
ZECOTEK ANNOUNCES BOARD RESIGNATIONS
Further to its news release dated Dec. 2, 2020, Zecotek Photonics Inc. has been unsuccessful at identifying a potential acquisition target and today received the resignations from all its board members and officers:
- Faouzi Zerrouk has resigned as a director, chairman, chief executive officer and president.
- Sergei Tsakunov has resigned as a director.
- Erich Sager has resigned as a director.
Prior to the company receiving the resignations, Mr. Zerrouk noted: "Our team has worked diligently to restructure the company's affairs to the very best of its ability, exploring all venues and business alternatives with no immediate success. As interested shareholders, we will revise from time to time the possibility of an RTO when the opportunity presents itself. I would like to thank everyone in the team for staying with the company, over the past two years since the cessations of operations, undertaking their best efforts to salvage some value for shareholders. This is a difficult day for all of us and we thank everyone for their support."
Trading in the company's securities is currently halted by the TSX Venture Exchange in connection with a previously announced transaction.
We seek Safe Harbor.
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Maybe he could have drummed up a few words of thanks to acknowledge all of us shareholders that have been left as the saying goes "as bagholders".