What's your reading is what's going to happen with LTHUQ,two Billion shares?
I know that LTHUQ patented manufacturing technology is being used by a lot of battery companies and the licensing revenue was diverted to holding companies in New Zealand and Switzerland.
There is one of SEC document that states LTC patented manufacturing process in a fifty word paragraph, and I found a Singapore online magazine called "Global Sources" published that China was on the verge of building its first lithium ion manufacturing plant in Tianjin China. The article went to describe the manufacturing process which was "Exactly" the same description that LTC had in its SEC filing with one word difference.
LTC SEC filing stated it had a "Patented" Proprietary Manufacturing process and the Global source Trade Magazine left out the word "Patented".
Now you don't have to be a detective to know that two battery manufacturing corporation describing it propriety manufacturing process to be "Exactly" the same with one word difference "Patented" is like finding "DNA" at the scene of a crime.
The Lithium Ion Battery corp China built in Tianjin is "Lishen" and today Lishen is a two billion dollar Lithium Ion Battery Corp and not one penny ever showed up in LTC SEC filings.
I can identify more Li Ion Battery Corp that are using out patented intellectual property and they are all diverting the licensing revenue to holding corporation in Switzerland and New Zealand.
There's one document in the Bankruptcy court that would eliminate all the two billion shares. This is a translation of that document it is addressed to the CFO of LTC.
"Dear Sir: Herr Tolksdorf (CFO of LTC)
Concerning the issue of investment in kind by Dilo Trading AG on December 31, 1999, we can give you the following information.
Note: Dilo trading is a Swiss holding corp used to license out LTC patented intellectual property. The revenue deposited in Dilo was used by Arch hill capital to buy real estate in the Netherlands and then Arch Hill would give a portion of it back to LTC where it would show up in LTC SEC filings as a "Loan" not Revenue. In return for this "Loan" LTC issued shares to Arch Hill. That's how we got the "Two Billion" Shares.
This is the English translation of that letter.
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.
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.
We are at your disposal at any time, if you have further questions.
Sincerely,
This document could eliminate the Two billion shares. I sent it to the SEC but they never acted on it because the President at that time was President Bush and his son Neil Bush was the majority shareholder in LTC.
If you were to check when LTC declared bankruptcy in Virginia the case was transferred to Texas bankruptcy court and back. The reason for this was that Neil Bush had a clause in one of LTC earlier filings that if LTC every declared bankruptcy he as the majority share holder could now license out LTC patented intellectual property. This gave Neil Bush the legal right to license LTC patented intellectual property and collect all the revenue for himself.
We the individual shareholders are being played for fools because of crooked CEO/CFO of LTC used LTC patented intellectual property to enrich themselves at our expense.
