CarbonMeta Technologies Inc (COWI)

[SPIN]

is gartlan still alive?

http://www.ourladyoflight.com/7.15.pdf

gartlan's health issues were apparently kept way under the radar by management from what i've heard, but didn't weisel know that gartlan was terminally ill when he actually promoted him to these roles that sound so filled with promise and excitement? i doubt the guy has even been to work in who-knows-how-long, yet the PRs indicate substantially increased responsibilities?!?

seriously, it's unfortunate the guy is gonna die soon, but from the view of a shareholder, one can only wonder what was really going on there. my guess is it was some sweetheart "golden parachute" sort of thing for one of weisel's loyal buddies done totally at the expense of the company and investors, and that little if any benefit(s) ever found their way to shareholders.

one of the non-insniders recently asked about the appointment of VanDelay, and why it did not get more discussion here. maybe VanDelay is appropriate, maybe not. one thing i know for sure is a shareholder tried for weeks to reach VanDelay by phone and was disregarded (and we recently learned of Arrow's desire to make an introduction to the company of a Purdue space tech DoD engineer-type and his calls were also not returned)

my DD on VanDelay hasn't turned up anything even close to what one would expect to find based on the way the non-insnider presented it, especially with all the hype about his 70+ acquisitions, or whatever the claimed number was. but perhaps focus on VanDelay is something better left for another day.

what that non-insnider's remarks did prompt in my mind was to ask myself what was really going on by promoting gartlan when he was probably in, or soon to be in, a hospital or hospice nearly full time.


Innova Robotics & Automation, Inc. Announces Executive Appointments

Kenneth D. Vanden Berg Named Chief Financial Officer; Eugene Gartlan Appointed Executive Director of Strategic Development and Named to Innova's Board of Directors

FORT MYERS, FL -- (MARKET WIRE) -- December 18, 2006

{snip}

Mr. Weisel added, "Gene Gartlan's appointment as Executive Director of Strategic Development is designed to accelerate our growth strategy, underscoring our commitment to building the Company both organically and through acquisition. Mr. Gartlan has served our management team well as CFO, and we look forward to tapping his executive skill set and knowledge of a wide range of industries to help us identify opportunities to expand our business going forward. In addition, we welcome Mr. Gartlan to our Board of Directors, a move that enhances his advisory role at Innova and strengthens our Board." http://www.marketwire.com/mw/release.do?id=712594


Innova Robotics & Automation Issues Update From Chairman and CEO Walter K. Weisel

FORT MYERS, FL -- (MARKET WIRE) -- February 22, 2007

{snip}

-- Eugene Gartlan, formerly CFO, was appointed Executive Director of Strategic Development, and also named to the Company's Board of Directors. http://www.marketwire.com/mw/release.do?id=727186


yeah, maybe in some respects it's a harsh view, but i don't really care. if management uses the stock like a cookie jar, shareholders can hold the feet to the fire when deals are made with the devil to provide the funding.

the people who bought stock after BS statements like "fixed" rate financing @ $.40 pps, using new stock issuances "sparingly," and claiming to build shareholder value via reverse splitting, etc., etc., deserve better.

and so Harry, i don't know the answer to the question of where the ABB money went, whether it was used to pay for casa de weisel or not. you, however, have actually hinted a few times that weisel "pocketed" the cash.

for now i have strong suspicions, and expect that in the fullness of time, that the public, the robotics world, and history, will all know what happened here.

i can say that the ABB money SHOULD have been used to pay down the Cornell debt (though that is likely as obvious a statement as anyone could make here), and maybe this market cap destruction would have been avoided or at least diminished if Cornell received cash instead of stock. but i suspect it was all part of a deal with the devil, and ordinary investors are the one's footing the bill after believing in the company and the lies told.

also, IMO that stock has apparently been used with Cornell totally takes Innova out of that category of companies that an investor can perceive as one that might belong on an exchange someday (something i once totally believed btw after the CoroWare deal). instead, it's much more likely to be just another run-of-the-mill penny stock outfit.

you asked what can be done? if weisel did run this company into the ground and if he did stuff his pockets with cash while he was doing it, and made his deal with the devil in order to finance it, there are a wide variety of things that people can do to make sure that the world knows what happened here. tho i s'pose it's no wonder that so many Americans have such a low opinion of Florida in general, hey, it's the place where OJ went to buy a house after allegedly killing two people.

no matter the Heisman, NFL rushing records, etc., OJ's place in history is sealed. so too might the documentation of this company be preserved for all to know... all the Frankenfinkleburger awards in the world won't prevent it from being known.

maybe somebody is even planning to develop a comprehensive DD website dedicated to what went down here, something for posterity that will outlive gartlan, weisel, and all the rest of 'em?

btw, [e-mail] is still listed on Raynell1's iHub profile. http://investorshub.advfn.com/boards/profile.asp?User=103745