You are right the end is near but I believe in this court and that the judge will do the right thing. Unlike the last time LTC was in court a document was sent to the court that was in german so I had it translated and it said.
Dear Sir: Herr Tolksdorf Tolksdorf is LTC CFO
Concerning the issue of investment in kind by Dilo Trading AG on December 31, 1999, we can give you the following information. Note: Dilo is Swiss holding company that was used by LTC management to license out LTC patented intellectual property, and as you can see it states "how to hide the licensing revenue so it shows up in LTC financial statements as a "Loan" not revenue.
In general, Dilo Trading AG could allocate patent surplus as a capital surplus of capital reserves in one of two ways.
On the one hand, the existing shareholders could return the stipulated 10% of capital stock to the corporation in proportion to the distribution of ownership and then the corporation could reimburse Dilo Trading AG. Direct share sale through the corporation is much more difficult, because it would only represent a legal transaction between the shareholders and the amount of difference between the nominal shareholding amount and the patents value would only represent the capital profit of the shareholders and not the issue charge (capital surplus) of the corporation.
On the other hand, Gaia could increase existing capital stock by 10%, which would produce real capital surplus and make allocation to capital reserves possible. We would prefer this option because it is much easier to execute.
This is where it affect us
"Concerning the second option, we must point out that we can enter capital increase into the trade registry only after the financial statement date and therefore entry as subscribed capital does not yet come into question. We will enter the capital increase under special items (“Deposits Made for the Execution of Capital Increases”). In general, we make the entry between equity and debt capital; the item does not represent equity capital. In order to be able to make entries of capital increase for eliminating missing amounts not covered by equity capital, either the trade registry entry must occur before the closing date for preparing the annual financial statement or the share transferee must declare that the deposit made may not be reclaimed even if the capital increase is not executed. "
They discuss how to hide our intellectual property licensing revenue so it shows up in LTC SEC filings as a "Loan" not revenue. Here's the part that hurts us: In return for this "Loan" they issue shares in LTC . That's how we got 2 billion shares and my hope is this court see this one document for what it is and removes all the share because they were issued with licensing revenue that was supposed to be reported but was transferred instead to a "Swiss" Account.
We are at your disposal at any time, if you have further questions.
Sincerely,
What Arch Hill did with the licensing revenue that was deposited into the Swiss account was they bought Real Estate in the Netherland.
Arch Hill no longer exists but the Bankruptcy judge hired a "Forensic Investigator" to investigate how much money is hidden and how many battery corporations are manufacturing batteries using LTC patented intellectual property, so let's see what they turn up.
