Aero Performance Products Inc (fka AERP)

[Acc441]

Actually Aero Performance Products, the public company, has been declared in DEFAULT by the court in Volusia County. Mr. Hunsaker is also named as a defendant. Mr. Hunsaker is contesting responsibility On a PERSONAL level. I think you will find that Mr. Hunsaker is attempting to invoke the Corporation's indemnification clause thereby assuming no PERSONAL responsibility regarding the alleged Breach of Contract claim being made by NASCAR. On the other hand, AERP the Company has offered up zero defense to the suit, hence the DEFAULT ruling. Hope this helps.

The tactic employed by Mr. Hunsaker(Corporate Indemnification), basically abandoning the company and it's shareholders proves that those thinking Mr. Hunsaker ever had the interests of common shareholders in mind were dead wrong.


IMO