Effective Control Transport Inc. (fka EFFC)

[davedavedavedave]

The proposed ECT restructuring plan posted here is an outline, which was created mostly for oral presentation purposes.

In the past several months, various restructuring proposals have been the subjects of detailed discussions involving the ECT Recovery Committee (primarily through Gib, and also Messrs. Faucher and Gauthier) and several of the major ECT shareholders, including me.

Obviously, any posters here who have been saying that "nothing has been going on with ECT" in the last year -- after the completion of the consent solicitation last August, the successful resolution of the Delaware litigation last November, and the lifting of the gag order last January -- have simply been flat-out wrong.

In fact, a LOT has been going on, and a LOT is going on right now, as we speak.

The ECT restructuring plan is being discussed and evaluated by several groups of potential investors -- I've been told by Gib that these groups include both "old" shareholders of ECT, who know the troubled history of the company, and some who are completely new.

This is happening right now.

There is more to come, folks -- STAY TUNED....

daveX4