Sunday, March 18, 2018 6:34:14 PM
The search included searches for DME, Dimethyl Either and JP-8 (jet fuel) all of which AFT was working on before the CEO died in 2013, causing the closing of the Company.
I also did a comprehensive search of Mr James McCandless (Jim) for the same searches as above. I searched more than 480 entries and found 2 patents listed for Jim as inventor. However, as an employee of Ford and Navistar the patents became the property of the respective Companies under employment contracts.
Over the years I have had several conversations with Jim and already knew that there were no patents, but simply stating that fact admittedly was not sufficient Due Diligence since I am not now, nor was I ever employee, nor a Managing Member of the LLC. I was a major retail shareholder and still have many millions of shares, albeit far less than a few years ago.
For those who still wish to believe that there were, or are patents, consider the following. First; in 2015, AFT was dissolved at a shareholders meeting, when the Widow of the CEO holding 70% of the voting shares voted to dissolve the Company.
The Nevada Secretary of State Revoked AFT’s status. There was a subsequent auction in 2015 where all property owned by AFT was sold off.
Dissolved companies, as part of the Dissolution Process, must divest themselves of all property of value. As such, if AFT had any patents which are intellectual property, it would be a requirement of the Dissolution that those patents be sold off and any monies received from the sale would be used to pay debts and finally shareholders.
The above is moot since AFT never had any patents, but I presented the alternate theory in the event that there are those who might say, Ya’ but….what if…..
For the above stated reasons, AFT, as a material fact, or under Operation of Law, does not own, nor is it in possession of any patents, or any other form of intellectual property.
2015 Liquidation sale
alternative fuel technologies DME patent search
alternative fuel technologies JP-8 patent search
http://www.altfueltechnology.com/
http://www.altfueltechnologies.com/
https://cofs.lara.state.mi.us/CorpWeb/CorpSearch/CorpSummary.aspx?ID=801340753&SEARCH_TYPE=1
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=0cXzMC3LkbsYtfvFUfEmww%253d%253d
http://www.otcmarkets.com/stock/AFTC/company-info
Recent CNNN News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/09/2024 11:55:33 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/17/2024 12:05:27 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 12:03:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 12:02:39 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM