I was Moderator here for years.
At one time I was a holder of 4.89% of AFTC Shares. I still hold somewhere between 25 MM and 50 MM shares.
There were two distinct Companies.
Alternative fuel technology, Inc
and
Alternative fuel Technologies, LLC
One being a subsidiary of the other
There have been no SEC nor SOS filings since 2015
Neither of these Companies hold or held any patens.
Mr. McCandless didn’t trust the patent office.
He believed someone would use his patens, make improvements and jump ahead since AFT was a “Developmental Stage Company”.
All products were in development stage funded by SBI and Military
The Company lost all of its Military funding
The Company lost all of its SBIA grants
The Company has no contracts to sell its products to anyone
The Company has no contracts to license any of its products
The CEO, who was also founder and inventor died 6/18/2013
The wife KM (and office manager) hid his death for 6 months
It was discovered accidentally by a shareholder 6 months later
KM, holder of all voting stock, secretly voted to dismantle the business
6 months later she notified everyone that the Companies were shutting down
She fired all the employees
She sold all the equipment
She sold the building that housed the Company (She owned the building).
More than 3 viable persons or companies tried to contact her about selling or taking over the Company.
She refuses to responded to any offers. Will not return calls or emails
So:
There is no company
There are no patens
There are no products
There are no employees
The only thing that remains is a clean shell
I had a system crash in 2016 and lost all data, including late notice of unannounced voting by the douche
Notices of loss of SBIA and Military funding
Shareholders’ correspondence
Hopefully others on the Board have some of these Docs.
