A.C.Simmonds and Sons Inc. (fka ACSX)

[dmax2013]

Because....dmax2014,

1) You confuse the board without an original name.....any idiot knows this.

There must be a reason why you chose to do this, the most obvious being that you are a Simmonds shiller / lover!

Or a relative such as Mathew.

Or a supportive (enabling) employee such as Carrie / Jason / ???? perhaps.

2) You are somewhat correct about the "day in court", but the evidence presented thus far is overwhelmingly in favour of RBC, I encourage you to read it. The silly statement of defence was laughable at best. Simmonds must have been listening to Shaggy's song "it wasn't me" at the time it was prepared. Do you think that banks have nothing better to do than launch frivolous actions, especially actions like this. Mark my words, the cost of this litigation will exceed 7 figures, when it's all said and done. He artificially inflated Goudas accounts receivable, creating an asset in the eyes of the bank. Then loaned the cash or paid out the cash to all of his other scam companies / ventures. Most of these had jack to do with A.C Simmonds. Just because you sign a BS LOI doesn't mean that you own the entity outright. You have to transact (close) the deal first, but I assume that you know that. These actions put Simmonds in a conflict, that being that he shouldn't have broken open Goudas piggy bank and shared the cash with others unless he owned them. Even then, the covenants surrounding Goudas credit facility clearly stated that "loans" to related parties were to be excluded from the receivables for loan calculation purposes. THIS IS PURE UNADULTERATED FRAUD DUDE!!!!!

3) How do you explain the perversion of the capital markets by taking money from investors, but not issuing any stock. THIS IS STRAIGHT OUT FRAUD AND DECEPTION as well.

There are a lot of us who have "invested" in this (and other) Simmonds $hit show(s)....however judging by your expressed opinions, you appear not to be one of them, or you are too stupid or lazy to read all of the evidence presented and render an informed, educated opinion. The only remaining reason is that you are a paid shameless Simmonds Lapdog.

I hope he is investigated, charged, given his day in court, convicted, and harshly sentenced for his flagrant disregard for ethical business practices, Fraud, etc. No one is above the law, including trust fund babies like old Johnny Boy. This time, his life will change....I promise you that!