Friday, March 2, 2012 - Montello Resources - RESTART BOARD ?
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From A Recent Montello Post on Their Site :
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Thu Feb 9, 2012
Montello announces update to 23 December 2011 release
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. CALGARY, ALBERTA - Montello is pleased to update its shareholders that the company is close to completing its transaction with the private company as outlined in the previous news release of 23 December 2011.
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The major delay has been in tracing the line of title for the Pincher Creek area, specifically the property owned by Montello. Many changes have occurred in title over the past 20 years and Montello's potential partners in this play have taken longer than they anticipated in unraveling the history of title.
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The majority of that work has now been completed and the company feels the final hurdles for the transaction are about to be crossed.
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This delay has also led to a disruption in the company's ability to submit its business plan and the necessary filings the TSXV have requested. The company has been in constant contact with the Exchange and has been given until the 29th of February to submit the necessary documents for reinstatement.
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Although Montello's unaudited financials are up to date, a delay in this transaction has led to a delay in the timing of the company's audited statements, which will be submitted with all other documents related to reinstatement.
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Montello once again thanks its shareholders for their patience and support through these difficult times.
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ON BEHALF OF THE BOARD OF DIRECTORS
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"Peter C. Brown"
Peter C. Brown
President-CEO-Chairman
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when dealing with Montello, or its spokes-people, its I.R. people, and especially with Peter Brown, you can never be really sure what to believe.
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there was a one-year trading halt about 3 - 4 years ago ( from memory ) and this current trading halt is two years old. so i have incredibly owned this for almost five years, and i have been under a cease trade order for three of those years ! ! ! !
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i think a bought this originally on a recommend by 321Gold, which is not to blame 321Gold at all, they are blameless here . i am the d0pe who bought this.
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IF I CAN GET OUT WITH A DIME ( theroretically that is possible ) then i'll get out with a small profit. i think this b0z0 company actually does have some oil or gas !
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is there anyone still out there ?
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snowiegeorgie
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