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Re: otcduediligence post# 5081

Thursday, 05/28/2009 8:00:24 PM

Thursday, May 28, 2009 8:00:24 PM

Post# of 11155
OTC, I agree on just about everything you're saying. It's the verifiability that's the key (and God knows I've been doing overtime on this one.) I just don't like seeing people taking a little information and jumping to a conclusion - in either direction. I play devil's advocate on some issues because I want to know that conclusions are based on sound reasoning.

That said... I also agree it may be time to do something here. I agree on the SEC thing. Once Conectisys slipped down to the pinksheets they were off the radar as far as the SEC is concerned. But NOT with the Colorado Secretary of State. There are certain rules about what corporations need to do... annual meetings, information, etc. if they want to maintain their corporate status (which is very, VERY important because if they lose that - if they lose that corporate veil - the CEO and other officers can be sued as individuals which means any judgments against them can be fulfilled by attaching their personal wages and assets, like houses and investments.) But as with most actions involving bureaucracy, the more voices the better. So, if we're considering options, let's consider them all. The easiest thing to do at this point is request to inspect the company's financial documents. That will require someone to physically go to wherever the documents are being stored. Any information gleaned there should be enough to decide the next course of action...

Of course, if we're really lucky, some kind of PR will come out in the next day or so to make this all unnecessary.