Monday, September 12, 2011 10:03:14 PM
A similar sequence of events took place with AERP- Aero Performance products.... a sad tale about a privately held, failing niche muffler company which went public via a reverse merger..TTR HP was the private entity and became a subsidiary of AERP's via the process....after going public... TTR HP was sued by numerous entities..including NASCAR.. AERP's mgmt shed TTR HP in an attempt to salvage the shell.....NASCAR was ULTRA-AGGRESSIVE... pursued not only TTR HP...but the CEO and AERP(TTR HP'S parent company) as well ....AERP now sits at no bid with a MILLION DOLLAR judgment hanging around it's neck...
However.. even if the IRS, Southern Community, Wurth Wood Group and others being stiffed by JD and Glenny opt against aggressive prosecution ....any non-insider holding shares in this scam is out of luck.. they will be reversed split into the next century as part of the "rinse" process..
Pink Sheets...where failing private companies come to die.
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