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Bullboard - Stock Discussion Forum Zecotek Photonics Inc ZMSPF

Zecotek Photonics Inc is in the business of research and development of photonics technologies. The company is focused on creating advanced materials and integrated optoelectronic devices for high-resolution medical imaging, optical precision surgery, and biopharmaceutical research. It operates in three divisions which include Imaging systems, Optronics systems, and 3D display systems with labs... see more

GREY:ZMSPF - Post Discussion

Zecotek Photonics Inc > Resignations!
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Post by Pandora on Aug 04, 2021 2:34am

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.

© 2021 Canjex Publishing Ltd. All rights reserved.

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".

Comment by Speede18 on Aug 04, 2021 6:50pm
working the last 2 years trying to figure out how to walk away with every scrap of value from this company 
Comment by Pandora on Aug 05, 2021 7:32pm
Speede18 are you saying Faouzi has been working at that for the last two years or you have been working at it for the last two years? I'm sure Faouzi had it figured out a long time ago - he was noted for being a brilliant man. There are probably other adjectives as well. These are the times when you regret moving a "high potential" stock into a registered plan. :-((
Comment by RightAngle45 on Aug 06, 2021 9:41am
Just another scam, when are the regulators going to come down on garbage like this. Its a complete joke.  
Comment by Aaronhayes on Aug 09, 2021 7:41am
A brilliant man? Ha! He was a scam artist. Be milked ZMS and all it's holders, getting paid millions to do sweet FA.
Comment by Aaronhayes on Aug 09, 2021 8:07am
So is this lost money or is there a chance the ticker will be taken over by somebody else wanting to list? The article isn't clear.
Comment by RightAngle45 on Aug 10, 2021 11:09pm
This was a complete scam and share holders were duped out of their hard earned money. From being paid a huge salary and  lots going to strengthening " so called patents "  and generally  milking the company until the bitter end. I was told long ago that we were being conned and to get out with something before it was too late. But was too naive, and just wanted to believe ...more  
Comment by Aaronhayes on Aug 11, 2021 11:20pm
Cannot seem to find any information about these resignations Pandora. Where did you paste the news release from?
Comment by Pandora on Sep 19, 2021 7:01pm
Sorry, it's been a while since I have looked at this board. Have considered it a write off so have not bothered. That was a news release by Canjex Publishing released on Stockwatch on August 3, 2021. I notice Stockwatch no longer lists info ZMS.H re Speede18's remark about "somethings going down" -- I would say it's just the shareholders that are going down or have gone ...more  
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