Card Activation Tech Inc (fka CDVT)

[zagnut]

The only reason Williams would resign is if the fraud evidence against him is indisputable and the SEC lawyers are asking questions as to why is he still there. It would make Kite look like a accessory if he is still on the board in my opinion.
The question should be "Why did Kite give Williams breathing room" when accounting shows he defrauded the company. His assets could have been frozen this week in court and restitution could have already been started. This just opens the way to more dillusion of the stock to pay bills.
Mr. Kite, needs to have a stockholder vote before he sells or gives away stock in either company. Don't allow this to happen. It happened under Williams direction and came out only under investigation later on. Millions of shares were sold and given away for no reason and need to be confiscated.