Factoids

Tuesday, September 11, 2012

Is Tiga toast?

A year and a half ago, StopCTA provided some insight to the genesis of Tiga Energy Services, a company with which the Central Texas Airport signed a Letter of Intent (LOI) on April 24, 2010 (note there are some redactions). While doing some maintenance to the StopCTA website, the links in Paper Tiga were checked for accuracy which led to this little discovery:

On August 08, 2012, Michael Hathaway, President of Tiga Energy Services, Inc filed for:

“CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.”

Someone named Michael answered the phone when a quick call was made to their Austin office. He said they have suspended reporting but would not say whether they were going private or going out of business. The final word was, “I can’t say any more because that’s all we have disclosed.”

If Tiga is toast, what does that mean for the future of the proposed Central Texas Airport and the very ephemeral Eco-Merge project? It looks to us like yet another wheel has fallen off . . .

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