Aqua Power Systems Inc (APSI)

[ed3/6me]

As the deal was structured. When certain points were met the payments would start. They never materialized because of conditions in marketplace were less than ideal. The biggest argument is were they a plot by carnes and company to drag repayment well into the future.Think the officers were trying for a double payday of salaries and payments in a constricting marketplace.Tradition in of itself is slowly overcoming this handicap and they want a share. We will see an agreement between parties probably before eoy.