Monday, June 8, 2009
I received a phone call from the Public Inquiries contact at the ASC today. The two companies I'm invested in are not named in the cease trade only because the projects are now closed and Shire would not be going to the public to raise additional funds for the projects.
That sounds like bad news to me. Waiting to hear back from Shire. I called my Shire representative and left a message asking for an update on my letter. He told me that redemption requests were currently with Shire's lawyer but he didn't think we could receive a redemption because of the cease trade order in effect.
