Please read ASAP AND DO:
THE SLEEPING GIANT IS AWAKE!
In court documents filed on Monday July 16, 2007, EKI filed an objection to the confirmation of Plan C. I'll try and get a copy and post as much as I can. EKI’s objection alleges A) a lack of good faith, B) non compliance with the bankruptcy code, C) unfairness to class 3 and class 5 individuals, and more.
What is most important, and requires action on our part, is these allegations ARE CONSISTENT with issues that the US Trustee claimed back in February when he filed a motion for DISMISSAL !!!!! That motion is still open, and he could bring it back to the floor in support of our position. This bankruptcy is a “farce” and should never have been filed in the first place.. (RPI reports the product is in 5000 locations and growing….More machines arriving, and more line items being added)!
I suggest that all stockholders ( in your own words) fax a letter to the US Trustee stating the following:
"I support the objection of EKI, and believe that the Plan should not be confirmed for the reasons stated in the EKI objection. I believe the stockholders have been denied their voting rights under Delaware Corporate Law. I also believe that the allegations expressed by EKI, are consistent with the concerns which prompted your February filing for a motion to dismiss. I therefore ask that you pursue your earlier motion to dismiss this bankruptcy."
Sincerely,
Your name
I believe that if the Trustee gets enough letters form the stockholders, he will follow thru with his earlier filing to dismiss….. (That’s in our best interest)
The Delaware Law I referenced above basically states that if a Delaware Corporation sells, leases or disposes of it’s assets, a majority vote of the stockholders must be taken before such action can go forward….…..I didn’t vote, did you?
Here is the name and fax number of the Trustee…
David L Buchbinder, Trial Attorney
Office of the United States Trustee
Fax #...1-302-573-6497
DO THIS BEFORE THE END OF THIS WEEK!........ The court will hear this issue on Monday, July 23, 2007
If you really feel you have been wronged, this is your only chance to say something to someone who can make a difference !!!!!
In the next post after this one, I have copied the May 11, 2007 Press Release from RPI. Copy and paste this release, and include it in your fax to Mr. Buchbinder. Ask him it this sounds like a company that was Bankrupt just 5 months earlier!
