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Wednesday, March 19, 2008 12:05:11 PM
Post 17968
Guys Not bashing just the striaght skinny as to why Steve is out and there is little communication. HUGE MESS... he misrepresented XND Technologies and the intellectual property. He does not have full rights to the technology and the patent that was transferred in the deal was discovered to be encumbered with a lien and has ownerships rights with at least three other individuals. To practice this technology they owe about $850,000 to get out from under. Bad news is they don't have the cash. The real bad news to shareholders is ... they can only issue stock if the parties are amenable. They attorneys aren't even being paid in green backs. They owe the trade (accounts payable) major six figures. They can'y get credit from supply chain for ingredients nor do they have the cash to purchase. Even if all the shares were purchased ... they can't get out of the red.
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