Lithium Technology Corporation (LTHUQ)

[hagimallis]

An old post by our dearly beloved GOLD

GOLD mentions at the end the Bankrubtcy court is aware. I believe he made the court aware and GOLD could have saved us all from losing everything.

Goldshield
Thursday, 02/16/17 09:36:48 AM
Re: hagimallis post# 2541
0
Post # of 3817

It's very simple Hag, Our company has perpetrated a tax avoidance scheme called a "Dutch Sandwich" or a "Double Irish"

http://www.investopedia.com/terms/d/double-irish-with-a-dutch-sandwich.asp

Here is how it works and how LTC has done it,

How it works is an investment scheme to avoid paying taxes on licensing revenue. LTC used the "Dutch Sandwich" the first thing they would have to do is form a holding company in a country that supplies a place to have illegal revenue deposited and hidden from the authorities.

In LTC case our CEO Dave Cade partnered with a Dutch Company "Arch Hill" that created a licensing corporation in a tax friendly country like Switzerland "Dilo". From Dilo our intellectual property was licensed out and all the licensing revenue Dilo received Arch Hill would buy real estate in the Netherlands and then give a portion of it back to LTC where it would show up in LTC SEC filings as a "Loan". In return for this loan LTC issued to Arch Hill Shares in LTC. That's how we have Two billion Shares outstanding.

The Bankruptcy court is aware of this so it's await and see if anything is done about it.