mtg in Dec? from another board, posted by Yamasaki
I believe Terry and Peter are meeting with the investment regulators in early December to establish that conditions have been met, and to provide an explanation of why they were remiss in filing in the first place. It will be then up to the regulators decision on whether to reinstate the company to active trading status. At this stage who knows what is going to happen next for Alda, but the situation is pretty dire for them. They really need to get back on track as far as generating some revenue, partnerships, or anything that can get them out of the hole that they've dug themselves. It still boggles my mind from a cost-benefit perspective, how TO and PC expected the Olympic sponsorship to drive the revenues to the point that it would make sense. Spending that kind of money is the domain of larger companies with multi-million dollar marketing budgets. Alda had no business participating in this to begin with unless they had a clear plan on how to grow revenues and penetrate the hand sanitizer or disinfectant markets to justify the expense.
