This is in answer to my latest correspondence with Dr Owen. I received the answer to my email on the same day, which was yesterday. It does not say much; but at least he always answers. Don't know if this company will ever get back on its feet again; but until Alda is a total bust, I will continue to check in to see if its heart is still beating.
"Of course you realize that I cannot disclose anything that is not already public information.
As you know, we have a Memorandum of Understanding with a private pharmaceutical company to acquire certain of their products. Further, ALDA is still in possession of its intellectual property for which a very detailed plan is presented in the MD&A, subject to financing, of course.
Beyond that, I am not at liberty to disclose any plans, as it would be a violation of securities laws to do so.
Further, as our plans are consummated, we can only disclose what is accomplished at the time regardless of how that may fit into a larger strategy that cannot be disclosed until that also unfolds. No matter what we do, someone will be displeased but what we are doing is, in our opinion, in the best interests of shareholders.
Shareholders who contemplate "action" may not realize that, rather than keeping ALDA moving forward as a pharmaceutical company, we could have walked away and let it become an empty shell on the NEX which, at some time in the indeterminate future, may eventually have become a mining company. That alternative would have been a much longer wait than what we have pursued and I am aware of no "action" that has been successfully pursued against the principals of companies that have legitimately followed this course.
As always, I am working towards moving the company forward."
Regards,
Terry Owen
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