Effective Control Transport Inc. (fka EFFC)

[Prove It2]

That's only true if the CRAM is the only asset of the company but what if there are other assets that you're not aware of? I know for a fact that there are but these are not recognized by one of the board members. There are 2 LOIs prepared that just required signing, one for $500,000 and one for 2 million dollars but strangely enough, the member that doesn't recognize them as valid is the same that will take the only updated version of the CRAM abroad alone. How does that grab you? Doesn't this make you just a bit suspicious about Gib and his integrity? It sure it did and still does for me.

Once the signed LOIs have generated the money, any judge would approve the Chapter 11 is it's even required (probably not).