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Re: NC Jim post# 17410

Tuesday, 05/10/2011 12:20:33 PM

Tuesday, May 10, 2011 12:20:33 PM

Post# of 38056
YA has never accepted $500k it was $1,500,000

Serge agreed and couldn't come up with the money on two occasions that we know of.

It has been a waste of time so far negotiating with Serge ...they agreed then Serge failed to perform. That's what has happened in the past

It is only now that he has hired legal counsel and trying to get them to accept $500k Hence, the exercise of waiting out the expiration of the warrants. I see a lawsuit and/or Chapter 13 in the making here. I believe that is the only way YA will end up with less and Serge will still have to pony up money to make a deal. His control would easily be in question by a Bankruptcy Trustee since he has done nothing to manage the sales of DynoValves and has only been able to survive by selling off 144 shares to the innocent general public. This has all been a rouse in our opinion up until now. IMO

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