What Lies In The Future For EcoFuture?

I was not shocked to read the following news: EcoFuture falls into GN3 status

• KUALA LUMPUR: ACE Market-listed EcoFuture Bhd announced yesterday that it is now an affected listed issuer pursuant to Guidance Note 3 (GN3) of Bursa Malaysia’s listing requirements.
  
  The company said that it was affected under GN3 as the company had ceased its major business, which was the running of a palm oil mill.
  
  EcoFuture said the mill, owned by its wholly owned subsidiary Stable-Win Sdn Bhd, had been leased to a third-party operator since May 2009. The mill was loss-making for the previous two financial years prior to the leasing.
  
  As an affected issuer, EcoFuture is required to submit a regularisation plan to Bursa Securities and obtain the latter’s approval to implement the plan within 12 months from the first announcement of its GN3 status.
  
  It must also implement the regularisation plan within six months upon receiving Bursa’s approval, although that duration may be extended to 12 months should court proceedings be involved.
  
  EcoFuture is also required to appoint a sponsor within three months of the announcement date and retain the sponsor until the GN3 status is lifted. EcoFuture has yet to come up with any details of its regularisation plan as at the time of the first announcement yesterday.

Why? It was just on November 2009 that I blogged on it. A Look At Ecofuture

Now if I were to continue to update the quarterly earnings of EcoFuture (surely you can guess the appalling results) ...

30 Nov 2009: Quarterly rpt on consolidated results for the financial period ended 30/9/2009 - Loss 2.183 million

Feb 2010: Quarterly rpt on consolidated results for the financial period ended 31/12/2009 - Loss 3.040 million

May 2010: Quarterly rpt on consolidated results for the financial period ended 31/3/2010 - Loss 1.538 million ( cash 9.969 thousand (yeah not million. :P ) , debts 41.338 million )

How?

Any future? ( hehe.. pun intended. :P )