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What ever happened to Shannon. He just as responsible for this calamity as Marshall.
You have no clue about my financial interests. Been involved with this company in some capacity since 1987. My tentacles are huge...
Assets may have been sold but there are still individuals who have a financial interest in the outcome of the litigation. Figure it out yet...
Looks like the parties will be fighting a little bit longer...
You been making a big fuss about the stock still trading since it entered Chapter 7. Pretty simple explanation for that. There are still individuals with financial interests in the company. Litigation is ongoing and based on Marshall's past history it could last awhile.
Prepare to be perplexed for a bit longer...
I mentioned the previous lawsuits in reference to Ed's current lawsuit. The company is dead and you claim to have had no financial interest in the company, which begs the question...Why are you here ? Nothing better to do with your time ?
The lawsuits already happened. Back in the early 2000's, two brothers from Utah tried to force Marshall to hold a shareholder meeting, hoping the shareholders would vote for a new management group to take over the company.
Marshall in return, spent whatever money MZEI had left from the Latino settlement on lawyers (Pinneger) to file a lawsuit against the brothers and 12 "John Does".
Add to that the legal fees spent on screwing contractors over the years, including the guy who designed the faster ozone generating system, the law firm of Jones, Durhum, and Pinnegar were gainfully employed over the years.
Pretty sure he was a pump and dump artist. He probably sucked a bunch of people into the stock. The guy never posted after 2010...
Check post 7934 from March 2010. I sold a good portion of my shares during the 4 dollars by May pump and dump. Was playing with the "houses money" for the remaining years.
But I wouldn't expect you to know that, nor just about anything else regarding this company.
The stock was doomed to fail when certain shareholders decided not to replace Ed because they didn't want to hurt his "feelings".
Incompetence was allowed to rule for too long. Perfect example was allowing the company to lease office space that was never used (not to mention the money he spent silencing shareholders through lawyers throughout the years). Marshall had no concept of preserving shareholder money. He spent it liked a drunken sailor.
The BOD and major shareholders were afraid of the Marshall. MZEI should haved never been resurrected with Marshall at the helm. He was allowed to destroy the company not once, but twice (blood purification and AS).
Un--freaking--believable...
At least other companies want Dodd. Friggin' Ed couldn't get hired to run a child's lemonade stand...
Since he has ruined his own life, he just figures he'll try to ruin everyone else's life through lawsuits...
Get the popcorn out. Looks like Eddie is going to drag this thing out. I believe his lawsuit against the boys from Utah and the dozen or so John Does dragged on for a few years...
I'm fine with that.
No pennies went in my pocket when the Patriots won the Super Bowl either, I still rooted against them.
Just call me a non-Marshall fan...
One can only hope that the Marshalls are tied up in court for the rest of their lives...
Too funny
And some on this board were afraid of hurting Ed's feelings if he were removed as CEO.
Seems like the only one dumber than the shareholders is Shannon. Why did he put up with his BS for so long.
Too bag the FBI didn't sack Marshall 20 years ago during the blood purification saga. Maybe they'll have better luck this time around...
If you look at my very first post on this message board, I sold some during the "4 dollar a share by May" pump about 5 years ago.
If you were paying attention you would also realize many shareholders were holding onto the stock in hopes that management would change.
So yes, people who invested their money based on Marshall as CEO were not very bright. Most unfortunate, I failed to realize that many shareholders were willing to sink the ship with Marshall as captain.
In hindsight I underestimated the pain shareholders would tolerate with Marshall at the helm, which turned out to be not very bright, but make no mistake, this company never had a chanced to succeed with Marshall as CEO.
Actually it was quite predictable. People who invested in the company after thed blood purification fiasco just weren't very bright...
Would have been interesting to see if the new management could have revived the company with the funding. Now we'll never know.
Oh well, Marshall seems to be intent on spending the rest of his life in legal misery. What a fitting end to his pathetic life.
So predictable. In the early 2000's Marshall lawyered up against shareholders who challenged his leadership, 2018 Marshall lawyered up against shareholders who took over his leadership.
Shannon and those who funded the company after his abysmal performance after his first stint as CEO are the main culprits in this mess IMO.
Bottom line, How long will this drag out. I guess the stock is still listed because the Chapter 7 case is still active.
Back in the 2000's Ed's case against the boys from Utah and the unnamed co-conspirators went on for 2 or 3 years with no resolution. I believe the only reason it ended was because both sides ran out of money.
Marshall must be an attorney's best dream...
There were many red flags with this company over the years that the minions ignored. We were told that no one would buy the machines overseas without EPA/FDA approval despite the fact that many US companies have penetrated the foreign markets with their medical devices without said approval.
The fact that no one bid on this junk at the Chapter 7 fire sale should should have been a dose of reality to investors.
Unfortunately there will be some who will fall for the BS all over again.
Don't forget Shannon who put out the video that said he was more interested in being the second coming of Albet Einstein than making money....
4 separate depositions. Looks like Marshall will be keeping his lawyers bank accounts healthy for the next month. They are scheduled for four separate locations. Hopefully his lawyers will fly there and do them in person to pad the bill.
Looks like a desperation move to me....
For someone who "focuses on his own life", you seem to spend an exorbitant amount of time on this message board.
One can only hope Ed goes bankrupt paying legal fees.
Seems he got bad legal advice when he forced the company into bankruptcy. Now he lost any chance of getting the 1.5 million dollars the company owed him and he's stuck with patents that he has no idea how to get rid of.
Maybe the court should question his leasing of office space that he never used while he was CEO..
Shares still had value in 2018. Actually sold some in December 31 2018 for tax loss.
Will not be worthless until delisted or there is no market. As of Dec 31 2018, there was a market for them, so technically you can not claim they were worthless in 2018 tax year...
Having said that I sold 100K shares and received a whole 7 dollars back. Not sure if IRS will haggle if you have 100K shares and claim on your return they had 0 value at end of 2018.
You should have never had to beg Ed to step aside 6 years ago because he should never have been running the revitalized company in the first place.
The mistake was made in the beginning by having Ed as CEO and Chairman of Board. Shannon deserves to have his reputation in tatters. Can't see how anyone would invest in any other entity where Shannon was in control.
Company was destroyed because you put your faith in a known boob, Marshall.
These guys tried to pump this technology for over six years and has no bites. If anyone thought it would be a money maker, someone other than Ed would have bid on it.
The only "math" that matters is a bunch of shareholders let Marshall squander an obscene amount of money over the years. The monthly rent for an office space that was never used was particularly offensive.
The biggest mystery of all is why the company decided to let Ed lead th AS effort after he failed so miserably during the blood purification campaign.
Then, after numerous mistakes, certain shareholders still didn't want to get rid of him.
As far as shooting himself in the foot, I believe Ed deliberately destroyed the company. His ego couldn't handle the thought of the company achieving success without him...
Wonder how long it will trade, currently .001 by .003....
Any idea on how long it will take the court to close it.
For some reason people are still trading the stock. One morning they're gonna wake up and find their stock holding vaporized...
They had a patent for external uses of ozone. I believe the Utah boys wanted to use ozone for treatment of diabetic ulcers, that was the revenue stream they wanted to exploit. Ed, of course, did not want to pursue it.
You had a chief scientist (Shannon) who wasn't interested in making money and a CEO (Marshall) who didn't know how to make money.
Was only a matter of time before the house of cards collapsed. I remember the boys from Utah stressing the company needed to create a revenue stream when they tried to get rid of Ed back in 2001.
It was amazing that people kept funding these two for almost two decades....
Maybe that's why the stock is still trading. Got to get those legal fees paid before they officially kill the company....
Yeah, another one who put their trust in Ed flames out.
Too many shareholders had faith in Marshall for too long. Wonder if the outcome would have been any different if someone other than Marshall steered the AS ship....
Tax question Elis or anyone else.
What year do you take the tax loss if you decide to hold on to MZEIQ until the ticker is cancelled.
For example, if the ticker is not canceled until 2019, thus the stock trades into 2019, do you take tax loss in year 2019 when ticker is cancelled or do you take it in 2018 when company went defunk....
They probably just figure that anyone who is dumb enough to buy a .001 cent stock deserves to lose their money.....
Maybe the reason Dodd, Esposito, and others decide to not bid on the technology is because they find it has limited value.
The signs were there. FDA approval wasn't needed for foreign sales, yet all we heard was no one would buy it without FDA approval.
Looking like no one wants to buy these systems period.
Marshall gave away twenty years of his life, with blood, sweat and tears,
Marshall and his wife were well paid, over 300K per year for many years, which afforded them to continue to live in one of the more expensive areas of the country.
Oh, the pain he must have suffered....
Where on earth would those two make that type of income ?
then got slammed unexpectedly with the FDA challenge.
he got slammed cause he had no idea what he was doing....
But the one area in which he wasn't deficient was his passion to bring AS to the healthcare sector and save lives.
Many people are passionate about wanting to be a sports stars, actors, doctors, engineers at different points in their lives, but after awhile it registers that they are not cut out for those professions. Unfortunately it never registered with Marshall that he wasn't cut out for the job....