Yes, every small investor getting out will be looking ugly now simply because the lack of any updates had dried up the volume. I got an email back today. The only quote worth posting here is:
"Being on pink sheets, the Company has not to file financials at all. The undertaking restructuring is the way getting CNOA back."
I think she implies that they will now use the loose regulations of the PinkSheets to take take their time restructuring the company. This is definitely a long-term play at this point. In my opinion, it will be 2012 when we actually see some results.
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