Correct, but these statements taking together, the allegations and the counter defense should be given equal wieght.
Allegations:
Paragraph 25.
The Confidential Private Offering Memorandums makes several affrimative representations regarding the finanacila status of TTR HP and reiterates many of the statements that Hunsaker and other agents of TTR HP made to Mr.Miller. Among other things, the CPOM represents that:
The Company is authorized to issue 50,000 shares of common stock and that 5,164,666 shars of the Company's common stock are outstanding.
The Company has been issued a patent for Aero Turbine system, and that it takes every precaution to protect that patent and prevent dilution of it value.
Investment offers are being presented to only a limited number of investors, each of whois "accredited" within the meaning of Rule 501 (a) of Regulation d of the Securities Act of 1933
The Company had only $750,000 in long term liabilities , and only $24,300 in current liabilities.
The Company had shareholdr equity of approximatelly $15,243,998.
Defense answered:
With respects to the allegations of paragraph 25, Defendants assert that the document speaks for itself. Defendants deny the remaining allegations of paragraph 25.
The Millers contend that this document had the above mentioned assertions in it. The defends says the document speaks for itself.
True or False? at this point who knows.
GO AERO
"PEACE"
