Let’s think this through. Let’s say that she changes her mind. What does that actually mean?
There are 2 primary issues:AFT the Company and AFTC the Shell.
Let’s look first at AFT the Company:
Alternative Fuel Technologies ((AFT) the Company has no physical address; no website; no e-commerce presence; no email address; no product; no services; no employees, no clients or customers and was and is, voluntarily dissolved. In summation; AFT the Company does not exist.
Let’s next look at the frequent erroneous assertion, that despite the non-existence of AFT the Company, AFT still owns intellectual Property.
AFT, the Nevada Corporation dissolved in 2015. Nevada Statutes require that a company must divest (rid) itself of all of its assets upon dissolution. That includes, Real, personal and intellectual property. Since AFT is a dissolved NV Corporation, by definition it can not own any property of any kind. (I hope we are in agreement on this point, because if we are not, there is a serious misunderstanding of Corporate Law).
AFT never owned any patents. At one time the CEO James McCandless invented and patented several ideas, which became the property of Navistar and Ford his then Employers. (For those who want actual proof that no patents exist, go to AFTC Board Intro and check out the links to U.S. Patent Office searches).
At no time did AFT own any patents, so the above discussion as to divesture is moot. However, I discussed the issue only for the die-hards who “mistakenly” maintain that AFT somehow owned patents.
Someone once posted that all that AFT had to do was to reapply and they could start AFT up again. This is true. But it is also true that as soon as today, anyone could plunk down the NV business fees and start a business called Alternative Fuel Technologies. In both instances, it would be a new business.
The above discussion should dispel any theory that AFT has any $ value as a company.
The second issue is that of AFTC the Shell.
There are claims that AFTC is a “clean R/M ready Shell”. No one knows that! AFTC went dark in 2010, so no one knows if there is any debt associated with the shell.
If the widow came out of hiding and put AFTC Shell up for sale, it would join the long list of shells that are already for sale. Further, reverse mergers (R/M) have declined by 75% since 2010. R/Ms have gone from 296 in 2010 to fewer than 75 in 2017. The decline is the result in changes in SEC Reg. A, now called, Reg. A+ which makes listing much easier.
Why would anyone buy shares here as opposed to any of the other shells that are available? Every R/M faces a number of challenges, but given the added uncertainty of whether it is ever going to be offered for sale makes this beyond risky.
