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Re: Kevin40 post# 17816

Friday, 08/29/2008 12:36:50 PM

Friday, August 29, 2008 12:36:50 PM

Post# of 27909
On this part, I'm not sure but it is a posibility that CCMJ was forced, with that note being paid off a few weeks ago, to transfer that 10% ownership that Drivers Alert had in CCMJ into stock. CCMJ might have been asked by the r/m company that is doing the take over, to get DA to agree to take shares in exchange of the note. This isn't confirmed but it is a likely scenario since Mr. Watkins confirmed that DA was not one of the r/m companies and the real r/m company would want a 100% ownership of CCMJ. This part about taking out that 10% is speculation on my part but it does make sense to me.

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