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Re: coastiretired post# 111714

Monday, 03/16/2009 8:20:44 AM

Monday, March 16, 2009 8:20:44 AM

Post# of 157299
Coasti....yes, read that earlier, but


as the translation goes:
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[Kamal Alavi, founder Stratxx]
“The project continues to go invariably”, says it. The insolvency request “by a company” resulted “from an error and in the next three weeks was eliminated”. Alavi did not want to call the name of the company. “This concerns a jealous competitor. It goes around 20.000 Swiss francs”, added Alavi."
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Seems like 20,000 francs to maybe a debtor cleared it up.

Latest news (Feb. 2009) out from those guys is the planned expansion of facilities/employees to accommodate production of 50 aerostats, so am discounting liquidation theory at this point.

http://www.zisch.ch/navigation/top_main_nav/nachrichten/zentralschweiz/obwalden/detail.htm?client_request_className=NewsItem&client_request_contentOID=308496

Have personally never looked into Kamal's business ventures prior to Stratxx, so that is interesting stuff.

Follow his current efforts somewhat through a couple Swiss journals.

thanks for the input.
pete

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