Patten Energy Solutions Group Inc (PTTN)

[NYD]

The TCA Director, Donna, said PTTN is a defaulted borrower and they, TCA, have no obligation to shareholders (that was her response to my email to her). Apparently, Jim Zimbler has been told his services are no longer wanted and is officially out. Jim said TCA was bringing in "their own guy" and he expected some news out soon. What does all that mean I guess is anybody's guess. Can't get any worse than Jim as he has never done anything good for shareholders during his reign. Heck, he couldn't even get a report out timely. I suspect TCA will take a write-off in taxes, clean things up a bit, and sell PTTN. This could end up working good for shareholders. Zeke has contracts, has the ability to get more contracts, and is profitable without all the debt. Obviously, that's my best guess of what I would expect to happen. They can't sit on this dog forever!