| Followers | 15 |
| Posts | 4178 |
| Boards Moderated | 0 |
| Alias Born | 05/18/2007 |
Tuesday, April 06, 2010 7:30:18 PM
189 boardmarks.....still 189 persons watching?
Ski season is over....time to make a run to Montreal......
The ECT Recovery Committee has a plan to right the wrongs of the past, put the Company back on course and bring the CRAM to market. To accomplish this we must first remove Mr. Huppé from the Board of directors and as an officer of the Company. These are most basic principles of our plan:
1. Transparency. We will prepare unaudited financial statements and share them with the Company’s stockholders. The statements will be unaudited at first, due to the long deficiency in the implementation of reliable accounting systems and procedures.
2. Initiate legal action. For the last two years, the Company was dominated by a single individual, Raphael Huppé. For the sake of Effective Control Transport and its stockholders, Mr. Huppé must be held accountable for his misdeeds.
3. Bring in bridge financing. We intend to procure the Company with the US $250,000 bridge financing it needs to operate and continue to develop the CRAM until our plan is put to
stockholder vote.
4. Invest in CRAM testing and development. We plan to procure a sufficient number of devices for field testing and Electroencephalogram (EEG) validation.
5. Convene a stockholder meeting. Within 90 days of the election of the director nominees, we will convene a stockholder meeting where our plan for the future of the Company will be put to
stockholder vote and the director nominees will stand for reelection.
Ski season is over....time to make a run to Montreal......
The ECT Recovery Committee has a plan to right the wrongs of the past, put the Company back on course and bring the CRAM to market. To accomplish this we must first remove Mr. Huppé from the Board of directors and as an officer of the Company. These are most basic principles of our plan:
1. Transparency. We will prepare unaudited financial statements and share them with the Company’s stockholders. The statements will be unaudited at first, due to the long deficiency in the implementation of reliable accounting systems and procedures.
2. Initiate legal action. For the last two years, the Company was dominated by a single individual, Raphael Huppé. For the sake of Effective Control Transport and its stockholders, Mr. Huppé must be held accountable for his misdeeds.
3. Bring in bridge financing. We intend to procure the Company with the US $250,000 bridge financing it needs to operate and continue to develop the CRAM until our plan is put to
stockholder vote.
4. Invest in CRAM testing and development. We plan to procure a sufficient number of devices for field testing and Electroencephalogram (EEG) validation.
5. Convene a stockholder meeting. Within 90 days of the election of the director nominees, we will convene a stockholder meeting where our plan for the future of the Company will be put to
stockholder vote and the director nominees will stand for reelection.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
