Relm Holdings Inc. (RELM)

[Ken B]

I might be wrong Num1inv but I think there's a battle for Access Versalign someone is driving the share price down so RELM can't paid for it. It's up to us to hold ground, and dig in.

Business Risks
As of 12/31/2010, AVI was not able to meet the financial covenants of our Credit Facility and is
thereby in default. AVI must replace this Credit Facility, secure additional capital to retire the
amount owed, or negotiate a settlement that reduces the principle amount owed.
As previously mentioned in this report, AVI is currently in default of its agreement with one of
the original shareholders of Versalign. AVI is actively engaged in negotiations to settle this
matter in a manner that is beneficial to all parties.
If we are unable to successfully obtain additional sources of liquidity to address the above
matters or to amend or replace our Credit Facility, it may be necessary for AVI and/or its
subsidiary to seek protection from creditors under Chapter 11 of the U.S. Bankruptcy Code.

JMO but what do you think