Tri-Tech Holding Inc. (TRITF)

[alectric]

Phil did finally respond to my e-mail. He appreciated my suggestion (to immediately reinstate Mr. Cheng as an officer of the company) and indicated he was doing everything in his capacity to resolve the situation (with the NASDAQ listing). Basically, he has two options: 1) Request an appeal to the delisting, which if granted, would give him more time to resolve the situation with Mr. Cheng (stock trading would remain halted); or 2) Reinstate Mr. Cheng as an officer in the company by Friday, notify NASDAQ, that the company chop is now in his possession and trading can resume. I was pressing him for the latter, as I do not believe the NASDAQ will grant an appeal.

If the stock is de-listed, some market maker will likely apply to trade it on the pink sheets. The share price will probably plummet from 1.40 a share to under .50 as sellers overwhelm buyers. It will be nearly impossible in the future to get another NASDAQ listing.

I have inquired with Rosen legal about the possibility of expanding their class action beyond the parties affected by the lack of disclosure of Mr. Cheng's firing. They have indicated they cannot say at this point, meaning, I suppose that they have to wait and see what happens on Monday. If they do file, it will take 3 years to wind its way through the courts and shareholders in the end will only recover about 5% of their losses.

At some point the SEC will probably get involved to find out what happened, but don't expect much to come out of that.