Admiralty Holding (fka ADMH)

[chrisfromalbany]

I don't exactly know what they are doing. As the story they would sell you goes..

The units are done but software is not. Leeming came back as CEO again of the company and is trying to make it work again. Old MG would have you believe Leemings was kicked out of the company before because he spend too much money and didn't bring results. By the time he left the company was so broke it lacked funding to complete the ATLIS units/software and even doing basic repairs on NWL ship. Mind you at least during this time there was updates via there website on the progress of the ATLIS units. (this is from people I have talked to who working on the ATLIS units and them knowing the people involved).

So Leemings took over the company again last summer and got additional funding from NIR group, who had funded him the first time. Early this year NIR didn't give the additional money they had promised so again work stopped on ATLIS units and repairs of the NWL ship. The amount was like 400K from NIR group. Supposedly they just received the 400K but now ADMH MG claim to need more money to make it happen.

Like I said they need to execute before people or I will be interested again.