Cano has been afforded the opportunity to submit a plan of compliance to the Exchange by November 28, that provides for the Company to regain compliance with Section 1003(a)(iv) by January 26, 2012 and Section 1003(a)(i), Section 1003(a)(ii) and Section 1003(a)(iii) by October 26, 2012.
"we believe that we are nearing the conclusion of a process that has solicited interest and offers from third parties for either the sale or combination of the entire company and/or the sale of some or all of its assets. "
SO this is worth repeating?
" He was a director of Prize Energy and its audit committee chairman from October 2000 until its acquisition by Magnum Hunter Resources in March 2002, and he continued as a director and the audit committee chairman of Mangum Hunter until October 2004."
Latimer's MO seems to be taking over BAOCs after economic downturns, reorganization and reselling the company when conditions improve.
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