American Scientific Resources (ASFX)

[alwaysdreaming]

I spoke with an Attorney for the creditors, Allan Crane, in a nutshell he claims that Brooklands Inc is free and clear of any legal issues but he is still trying to get money from a bankruptcy fund for clients and has been the one filing the objections.

Attorney Crane said that his objections involve the interest rates on the notes, either 36%, or 24%. Also a dispute whether just the principal and interest are owed or another compounded interest on top of accrued interest and principal that is owed.

So not sure what this bankruptcy fund is but it probably does not have anything to do with Brooklands, and in which case doesn't sound very good for the home team right now.