I don’t believe that the SDVOSB status was touted; however, it was never reported that they were no longer a disabled veterans qualified business. They have removed the icons on their website but when going to I-HUB this morning, BCLE is still being shown as having that status. It has been confirmed by email to another shareholder by Mr. Huston, the company counsel, that BCLE is no longer a SDVOSB.
There was little information coming from BCLE management after November 2009. In fact, when you called the BCLE number it was being answered by employees of ACLH, a later suspended company by the SEC. There was no one to talk with, namely Shipley, Finn, or Dunne. Between November 2009 and February 17, 2010, Shipley and Finn were not on friendly terms. I have talked with John Finn. It appears the dissatisfaction resulted when Shipley failed to provide all the contracts that were promise and money being received was going to BCLE (Shipley) leaving out ABC. John Finn always owned American Bio-Clean corporation (ABC) and was the qualifier for the SDVOSB. What is important is that it was stated that BCLE owned 41% of ABC. When Shipley and group skipped on February 17, 2010, it was indicated that ABC was no longer a subsidiary but would remain on the books as an investment only.
IMO something really stinks about what took place and why Shipley and group left so abruptly. As a large shareholder in BCLE, my question is what did BCLE receive for its 41% of the private corporation owned by John Finn? How did the agreement benefit the shareholders of BCLE? IMO BCLE probably received little for or an inequitable exchange of assets to let John Finn walk away for fear of legal action. Knowing Jim Shipley for many years, I’m sure Shipley made out just fine while the shareholders got screwed once again. As a veteran myself who invested in this company, I would suggest all veterans call or email Mr. Roth and Mr. Huston and request an explanation of the above. At the same time, request they answer the questions posted in message #4330 on this board. Mr. Roth can be reached at mroth@sccllc.net or 741-610-9347 and Mr. Huston at bob_huston@yahoo.com or 949-710-0565.
