1. Loudoun gives 15 million shares to manufacture the generator; for this he receives a 15-page license, under which neither Holcomb nor ASRE are able to perform under.
2. For those 15 million shares and a license to manufacture, ASRE has not received one compliant working generator that is installed in its 10 x10 shared premises.
3. ASRE does not have a working compliant generator that it is able to show sub-contractors let alone investors on how the technology works, all referrals are made back to Holcomb in Sarasota, where all testing and inspections are controlled by Robert and Ellen (Hellen Holkboy).
4. ASRE has not been provided with any technical engineering documents or schematics on how the generators are to be manufactured.
5. The generators have not been time stressed tested in an independent commercial setting to establish warranties, parts replacement, and any maintenance required.
6. There is no commercial scale generator installed anywhere around the world to support that the Holcomb generator will actually work in the blue-sky project in Tanzania-Zanzibar and that point 5 above on this has been satisfied.
7. The USPTO cannot establish the Holcomb Patent claims how the generator is able to amplify power from a minimum power input. Holcomb appealed the first time to the rejection but did not provide a working utility and again the USPTO rejected the application and now Holcomb have a few weeks left for its final appeal to provide a working utility to the USPTO to convince them that it works, after that the decision of the USPTO is final and stands.
8. ASRE were fully aware of all the challenges against the Holcomb Technology at the time of handing over the 15 million shares. Loudoun had read the Court Complaint of B&K and was made aware of the Patent challenges by the USPTO, but in desperation did the deal, 5 million shares personally issued to Robert Holcomb and 10 million shares to Holcomb.
9. At the time of signing the License Agreement, Holcomb were in breach of the Agreement as there is a warranty in that Agreement (we have read it) which states that there are no claims against the products (generators) or Patents, so the Agreement is null and void, but Loudoun signed the Agreement knowing otherwise. ASRE should enforce its rights to protect shareholders and move away from the Agreement and Holcomb. How did ASRE lawyers let this get through on DD?
10. ASRE misled shareholders, that by getting the license it would be establishing global PoPs for manufacturing when it has no capability to manufacture, let alone manufacture a non-compliant, unproven technology, as mentioned above.
11. Shareholders should be asking these questions, but more importantly the Shareholders and Board should be asking Loudoun to stand down as CEO.
NOW TO ALL THE ASRE DEFENDERS, KNOWING THIS, WOULD YOU LIKE LOUDOUN CUT A DEAL UNDER THESE CIRCUMSTANCES WITH YOUR OWN MONEY OR ON BEHALF OF YOUR SHAREHOLDERS?
