CTMG investor backs out, plans to sell code; Young resigns, takes company's ActiveServer source code with him. (Canadian Technology Marketing Group loses SGML document processing code to venture capitalist)

Last spring the Canadian Technology Marketing Group (CTMG) was flying high. After years of living in obscurity, it looked as though the little-known Canadian supplier of systems for editing structured documents was about to be pulled up in the burgeoning market for sgml-related software. Flush with cash from a new investor, the company prepared to launch ActiveServer, the product it hoped would catapult it into the limelight. After verging on the brink of insolvency, CTMG looked as if it was about to be reborn.

Six months later the dream has turned into a nightmare. The money is gone, the product has been given up as collateral, and president Jack Davies is left where he …