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Re: PRE post# 106310

Thursday, 05/05/2011 11:02:52 AM

Thursday, May 05, 2011 11:02:52 AM

Post# of 312016
10K says this about the tape reading biz:

Our process for data recovery was developed by our Chief Executive Officer, John Bordynuik, and continues to be highly dependent on Mr. Bordynuik to interpret the data. This has been an impediment to the Data Recovery & Migration Business achieving revenue in 2010.

At this time, we are not pursuing new Data Recovery & Migration business due to the time constraints faced by Mr. Bordynuik in fulfilling his obligations as Chief Executive Officer. Mr. Bordynuik is currently focusing the majority of his time on overseeing the development of the Plastic2Oil business. However, the Data Recovery & Migration business has the potential to generate significant revenues, since there remains a backlog of tapes to be read, and our customers continue to contact us. We have recently commenced reading the backlog of tapes.


But it doesn't mention who is doing it.