Matech Corp. (fka MTCH)

[bloodhound99]

DBen Its not "trash" its the truth.

Here's the truths you don't want out and don't want others to hear. The "trash" to you.

1. 1000-1, 300-1, and 1000-1 reverse splits in last 7 seven years.

2. Co-CEO and largest lender immune to reverse splits and get millions of cost free shares or options in last year.

3.Tony Cataldo hired as Co-Chairman and apparently Co-CEO.
Tony has yet to head up a successful company but "insiders" have made out very well.

4. Largest lender Palisades can buy stock at 25% of retail price by converting their debt at that price. (Whose stock do you think you are buying at retail prices?)

5. Failure to file 10K. Nuff said. Tony has been here before: see VOIC and GSTYE

6. Accountants have to be replaced. Tony has been here before too.

7. And that they have failed to file an 8K announcing material facts as to the resolution debt owed Palisades against all the assets of the company. This was due in full on 12-31-2009. We have heard nothing. Also I believe that if the lender has been converting debt to stock that would be a material fact and should have been notified in an 8K as well. If we find out later that there is just 120 million shares outstanding and there was no dilution of outstanding shares and that all this activity is that same 120 million shares being traded, I will publicly apologize for my suspicions here.

If on the other hand we find there has been massive dilution without an 8K announcing this fact I believe that Tony and Bob should get all the hot water they deserve.

8. Bob Bernstein owned class B shares that represented 1.2 BILLION class A share votes so he or the new owner of those shares (which might be Palisades) could vote in anything they wish. How often do you see that happening?

9. The company has one expired patent and the patents they are promoting now start to run out on 8-24-2010.

10. Finally this company has never made a profit for as far back as I can see, its just used investors money to pay the management team.

Those of you who are asking that the facts not be told are like the Jews in Germany saying don't say anything bad about Hitler.