mdlg is coo , mdlg gave up all claims against the company, mdlg got back his two companies,kite is ceo of both companies. mdlg was blinded by or hoodwinked by pamela thompson the cpa.pt gave up her shares of the companies and stepped down. kite says she realizes how she would be implicated in the cooking schemes because she has been doing the books the last 8 years. kite says he has only been involved with the companies for three months. kite>>he was /is a shareholder 5 million shares, has accounts thru source capital. source has 20million shares.mdlg gave up his shares. kite is holding williams shares by proxy through attys torre and manning. kite will not let williams or any other back into the company. kite has ties to carl icahn. icahn's past cpa ms. barton is auditing the financials on both companies. mdlg says there are only 3 quarters to really worry about. kite wants these done by a certain dead line.
kite doesn't know what malet did wrong other than knowing about what was happening with the illegalities of williams and not whistleblowing on him, and he does not want malet back although malet wants back in as v p ..
mdlg says he has shorn up the operations of emeqe and got the income to substantiate the overhead this quarter. some big contracts quit paying but received uninterrupted service and will pay in his estimation.
kite says la ganke and pt are boyfriend/girlfriend, two peas in a pod and he has a lot of disdainment for both and that they put mdlg up to the lawsuit and the bk 11.pt gave up her shares. kite wants the bk11 cancelled because it would hold up cdvte too.
kite opened his own check book for $250k for legal aid in all of this. he says anyway. emeqe is housed in kite's office building in phoenix and is not being charged rent aspparently.
mdlg is working feverishly to get the company expanding but actually broke even or made more cash than overhead thru all of this. all the employees are staying.
kite inferred that he was a carl icahn associate and long time friend as well and that the cpa handling this is icahn's longtime cpa associate ms barton or burton etc.etc. she will re cook the books properly ..
kite wants a 5 member board of directors and a shareholders meeting by year end. the bod will be made up of 5 big shots in the industry not anyone that was in the past.
kite says mdlg would make a good ceo later after much training from kite. kite says mdlg did not follow proper protocal and jumped the gun is all. kite is meeting with lee co and ladd co. next week. he wants expungement of shares money retrieved sell the jet, etc. etc.
kite says we have the 60m shares of cdvte and we have $90m in nols and we have the business. he said something about the cdvte shares belonging to the emeqe shareholders maybe a divy coming?????
