The only forking over mgmt needs to do is that of their annual report and an update on what's been going on with the business progress over the last 9 months. No harm in that at all. Let's have it already, ARTR.
As for the CIVIL dispute case, it is still open. Certain folks on the board like to keep throwing out the word "criminal" as a scare tactic to further depress the stock price. There is no criminal case here and that is a fact. Don't let the "criminal" word whores on the board get anyone down. It is a civil dispute over alleged "monetary damages" that has not yet be proven one way or another. It does happen sometimes in business transactions, especially when franchises are involved. I, personally, would never involve myself in a franchising scenario because this is exactly the sort of thing that can happen. But this is part of ARTR's business model, and I respect their vision. The good thing is that every business transaction is a 2 party deal. It takes 2 to tango. That is why it is called a civil suit. No one forced the plaintiff to engage in an ozone sanitation franchise deal. This is not a fast food franchise where the business exits the freeway and comes to your door, it is ozone sanitation. It takes a lot of hard work to establish a base clientele - cold calling, free demos, etc. No franchisor in this business can simply toss a base clientele into your lap... if that were the case, it would totally defeat the purpose of the franchise model. What the franchisee does buy is a name brand along with equipment and a support team to assist with business building. It is ultimately up to the franchisee to grow their business by networking and providing quality service to potential repeat customers.
Concerning the civil case, I have some facts to provide the board:
Both the prosecution and defense parties were served an "Order Setting Trial Dates" on 2/12/15. The timeline and dates are as follows:
- Joint Proposed Final Pretrial Order filed by Monday, June 15, 2015
- Motions in limine filed by Monday, June 15, 2015
- Final Pretrial Conference will be held on Monday, June 29, 2015
- Trial will begin on Monday, July 6, 2015
It is important that I note per the court filing that discovery motions are not to be filed until both parties have made a good-faith effort to resolve their differences without Court intervention. Failure to comply with this procedure may result in fines against the non-complying party.
The preceding information (and more) can be found in the public court database - I encourage everyone to look it up for themselves. The case and document number are as follows - 2:13-cv-13622-LJM-MKM Doc # 32 Filed 02/12/15. Good luck to all longs.
ARTR, if you frequent this board, please provide your shareholders an update already. Faithful longs here deserve it. Thanks.
