Hey STMC people,
Back in July I decided to write to Mr. Looney again and see if anything had changed. Here below is the exchange for your enjoyment. I got nothing except the knowledge that Ken is an early adopter who got an Ipad early on. Glad to see the PPS isn't hurting him.
On Jul 15, 2010, at 1:44 PM, "Wounded Bear" wrote:
Hello Mr. Looney,
I thought I’d write you for my quarterly report. I am assuming by the total inactivity here that you have not yet worked out deals with debtholders, but was wondering if progress is being made or complete inactivity? Is there still some hope that you will find a way to wring some value out of this shell for us poor shareholders, or are we just hanging on to a dead issue? Is time still on our side and should I just sit patiently and wait for you to make your move, or is this something you are no longer proceeding with? Any news at all?
From: Ken Looney [mailto:klooney@tecenzymes.com]
Sent: Thursday, July 15, 2010 3:00 PM
To: Wounded Bear
Subject: Re: STMC shareholder information
A little progress but not enough to write home about. Attorneys are still pro-active in suing the company. When that settles down and court action takes time, we'll see what's left. Don't give up yet. Sorry I don't have better news.
Sent from my iPad
AI
