Charlestowne Premium Beverages Inc. (FPWM)

[peep22]

Pegasus - Credo is useless in finding out the nitty gritty of what is going on. The problem is who owns the battery patent and hence battery. That is what the court cases are about. And obstructing company progress. Those are what has to be proved in court. That looks like what has stalled PWTC in its track. LB doesn't appear to want to develop the battery further. In my opinion. And Probably on marching orders from the Bechtel company, the big benefactor of the Iraq war. Because commercializing the battery would encourage hybrid cars, EVs and innovating energy and technology solutions that break the hold of oil over the world. AS and WM do want to develop the battery further.
So who owns the battery patent and hence battery?
PWTC has to tell shareholders who owns the patent under 'Note no: - Patents' of end of years 10KSB files. It can't just be notarised transferred to PWTC beyond anyone's ability to determine who owns the battery and patent. That is not fair or right, since how can shareholders make informed decisions to invest or not without crucial info like that. And it appears to be the law now. Because as of 2000 all OTC BB start up companies must be fully reporting of files that tell us these things. Pink sheets companies and stock don't have to file these revealing facts clearly. PWTC is an OTC BB stock.
Therefore, once AS's battery pending patent was approved in May 2000, LB had to tell shareholders he owned the patent in the 10KSB filing. He didn't until sort of in the last 10KSB filing in May 2003. And how he says it is very misleading. Moreover he probably should of told shareholders in the company's formation 10SB12g filing that he owned the battery pending patent let alone the approved patent 2 years later. Pending patents can be bought for shares too.
Probably what PWTC or LB, (since PWTC and LB seem to be the same thing), bought for shares was a partnership with AS and Mcnerney, to develop the battery and patent. Not that the pending patent nor the later approved battery patent was bought for shares by PWTC. Though PWTC may have sent that to be notarized it doesn't mean it was shares for pending patent or later approved battery patent.
That appears to be the problem in my opinion. LB has been much less that straightforward with shareholders and most likely AS himself, about what he has been doing and considering to be the facts of the matter.