“Gib could not sell the technology at this point for his own profit?”
This technology is all software because the hardware is relatively common. All Gig has to do is go the meet the representatives from Hyundai and provide them with a copy. A few months later, Hyundai would announce a revolutionary new product that will be introduced in their vehicles and bingo, the CRAM is now worthless and so would our investments. What could we prove???? Nothing, while our friend Gib will have done it again.
As to having someone in mind, I don’t but we could hire a headhunter company and find a decent management team to pursue our goals. I’m not in the personnel recruiting business. You see, Chapter 11, Bankruptcy Protection would give us 3 to 6 months to restructure while we could still work with the Korean company that we have initiated talks with.
Rose, I’ve seen your reasoning before, about a year an a half ago, when you used the same arguments to support Huppe. Same old, same old! Status Quo seems to be your favorite option. Well, we’ve had status quo for the last 15 months and look where we are now, not any closer than with Huppe. Did you ever wonder why our stock is at less than a penny with the fantastic product that we have? We should be at 25 cents or more but what do we have? Bad management, no communications with the shareholders and broken promises! Just check your Consent Solicitation Statement from June 22, 2009:
Transparency: no communications or news issued under the authority of this board, not even a financial statement.
Initiate legal action: We’ve had plenty of that but with just about everybody and even amongst each other.
Bridge financing: none (maybe it’s in the financial statement)
Invest in CRAM testing: some testing was done, paid by the SAAQ but we haven’t seen any results. All work has stopped now under the diligent eye of our board members.
Convene a stockholder meeting: we had no such meeting, none are planned and no reelection of the director nominees which, by the way, is contrary to the bylaws and the Corporation Act of the State of Deleware.
Gib is sticking to the CRAM like strawberry jam on a child’s fingers and travels around the world with the only piece of up to date technology that we have. How naïve to think that he would never dare sell for his own profit!!!! He’s done it before, why not again? I’m sure that he’s shaking in his boots from all the hassle he would get from the American investors. Yeah, right!!! At least, he would have millions to hire proper legal defense lawyers and defend himself and we would have………a fat capital loss for the IRS!!!!
Time to move on!!
