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Thursday, January 17, 2008 10:08:06 AM
A: The primary reason that shareholders would like posted numbers is to assess the value of their holdings and progress of the company. Management is well aware that this is desirable for those reasons and is keen to provide shareholders with indications and evidence of the status of these benchmarks. There is a risk of doing so prematurely however, if those postings do not also describe the means by which the firm will fund itself on an on-going basis. Therefore, it is the policy of management to ensure that no investor has false impressions about the nature of the company, its scale of operation or its profitability in the interim. It is very much in the interests of shareholders that the company benefits from the privileges of Non-Reporting Issuer status while this status is still available to it, rather than depriving the company of the competitive flexibility which this status provides. This flexibility includes, for example, elements of commercial confidentiality which are beneficial to shareholders as the firm positions itself into its targeted sectors."
I understand this and will try to be patient but I think the release of this info will be HUGE news when they finally let it out :)
-JM2C
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