Once again the so called facts are not true. sheesh
Bill Prince was Ceo and in 2010 he had grown I.E.T to 836K in revs. Check the 10K.
6/16/11 8k
"On June 16, 2011, the Board of Directors of the Company appointed David R. LaVance, the Company’s Executive Chairman, as Chairman, President and Chief Executive Officer. In conjunction with this appointment, Mr. LaVance resigned as Executive Chairman of the Company. In addition, the Company’s Board of Directors appointed Thomas S. Gifford, the Company’s Chief Financial Officer, as Executive Vice President, Treasurer and Secretary. Mr. Gifford will continue to serve as the Company’s Chief Financial Officer."
Guess what David Lavance and his crew drove I.E.T into the ground and into
11/14/2016 8K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
David R. LaVance has resigned as President and Chief Executive Officer of the Company, to be effective November 15, 2016. Mr. LaVance will continue as Chairman of the board of directors of the Company.
5/10/2017
tem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective May 10, 2017, each of David R. LaVance, Anthony Giordano III and David N. Harry resigned from the board of directors of Integrated Environmental Technologies, Ltd. (the “Company”).
Section 8 – Other Events
Item 8.01. Other Events.
As a result of the Company’s inability to secure additional financing to fund its operations or to secure a merger or acquisition partner, effective May 15, 2017, the Company closed its operational facilities and terminated the services of all personnel that supported its field operations. The Company is in the process of winding down its remaining operations.
3/14/17
The best part
Section 8 – Other Events
Item 8.01. Other Events
On March 14, 2017, I.E.T., Inc., the wholly-owned subsidiary of Integrated Environmental Technologies, Ltd. (collectively referred to herein as the “Company”), closed on a Registration Transfer Agreement (the ‘Transfer Agreement”) and a Data License and Assignment Agreement (the “Data Agreement”) with a third-party company. Pursuant to the Transfer Agreement, the Company transferred its United States Environmental Protection Agency (“EPA”) Registration number 83241-4, for Excelyte® VET, to a third-party company for a one-time fee of $125,000 (the “Transfer Price”). $75,000 of the Transfer Price was paid on March 14, 2017 and the remaining $50,000 is due on or before April 9, 2017. The Company still maintains ownership of its core EPA Registration No. 82341-1 for Excelyte® as a tuberculocidal hospital-level, hard non-porous surface disinfectant and for use in oil and gas applications as a hydrogen sulfide (HsS) scavenger/eliminator and biocide. Pursuant to the Data Agreement, the Company granted the third-party company a non-exclusive license to utilize certain efficacy test data that the Company owns for a one-time fee of $25,000, payable on or before April 24, 2017.
Guess who bought that registration.. Need a hint Gary Grieco and from here He brought Annihilyzer to market and is now building the O&G business.
See what Proper DD shows not some bullshit that Bill Prince drove the company into dealth.
