I just got off the phone with Mr. Carswell...
1) There is NO CTC Office in Taiwan, and they have no intention of opening one there. I asked about Shanghai, and he said that was "under discussion". (the PR out today clearly stated CTC and ACCC so I can't figure out how you guys are coming up with bicycles...)
2) He told me that "Settlement Talks" are still ongoing with both Aquavest and Ascendiant and others, and some of his comments about the prior I should not post about, other than TOO FUNNY! And yes, they could win their cases in State Court, and still be over-turned by Judge Ryan in BK court. If the State Court cases are not concluded by Sept. 8th, those decisions will still have to go before Judge Ryan...
3) I asked about possible dilution of common shares...He gave a figure of 10% maximum, and hinted the shares given to victorious litigants (if any) would be other than "common" shares...I forget the term he used...maybe "preferred"??? maybe "registered". 144's?
4) The Poles are on the back burner for now, as they are concentrating on producing ACCC, and spoke of "ramping up production for anticipated upcoming demand"...The Pole Plant in Kingman is still under discussion, but mentioned CTC has come a long way since that deal was brokered, and I got the impression he thought they could Do Better...
5) As always, he says he is working on "A Number" of PR's and seems very upbeat about exiting Ch.11 in record time and looking good after exiting. He mentioned Dosmestic Utilities, Foriegn Countries, but nothing in particular...He said he was driving into the office now to attend a meeting re: Poles among other things...
It was an interesting conversation, he sounded upbeat and helpful as usual. I came away from it feeling Good...
It never hurts to call him yourself...
GLTA ;>)
