I liked this until I saw this :
On March 23, 2007, Precision Aerospace Components, Inc.
(the “Company”) was notified that a complaint (the “Complaint”)
had been filed against it, its directors and a major investor,
in the United States District Court for the Eastern District of
Pennsylvania by Robert Moyer, its former president and chief
executive officer. The Complaint against the Company alleges
breach of employment contract, violation of the New York
Payment of Wages Law, wrongful discharge, unjust enrichment and
civil conspiracy, all arising out of Moyer’s discharge. The
Complaint demands relief aggregating over $460,000 plus
compensatory and punitive damages. The Company believes this
Complaint has no merit and will vigorously defend the suit and
will consider any appropriate rights and counterclaims.
They've been late in filing reports lately.
