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Message: TMG July 22 halt near end?

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TMG July 22 halt near end?

posted on Aug 08, 09 01:05PM

This news, just after hours, Friday, could signal a return to trading?

"Thermal Energy works to lift halt

2009-08-07 16:36 ET - News Release

Mr. William Crossland reports

Thermal Energy International Inc.'s securities were halt traded by the TSX Venture Exchange on July 22, 2009 (see Stockwatch) pending clarification of the company's affairs. The company is unable to provide further information at this time, but wishes to advise that it has been working diligently with the Exchange to have all matters resolved in a timely fashion. In this regard, pursuant to the exchange bulletin in Stockwatch July, 22, 2009, the company's securities continue to be halted pending clarification of company affairs. "

A few hours later another announcement stating that Mr W. Crossland is replacing Tim as CEO and President. Mr Angus (quote) has committed to work with Mr. Crossland to ensure an orderly transition, and will also continue to assist the company with a number of key sales initiatives and strategic priorities going forward.(unquote)

Surprising news!

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