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Re: Paul4 post# 5073

Friday, 12/02/2011 1:40:36 PM

Friday, December 02, 2011 1:40:36 PM

Post# of 6560
First in response to your post, having a product means nothing, but you have to ask yourself why has he not fixed the annual report that was deemed inaccurate? Why has he not submitted the last quarterly statement? Just what method of payment is he using to "lease" this new building?? Where and how is he paying for the raw materials? All the same questions that were asked previously yet never answered. Again many questions, no answers. Nothing leads me to believe this stock price will go anywhere until the CEO comes clean with Everything that has happened in the last year. But now, not only is he dealing with a lawsuit from Montana plant, he's now suing another for what Mr Mckinnon calls frivolous. See below with link. Could this be "mike's" way of the tail wagging the dog? I think so.
Info from Yahoo board:

First reaction from McKinnon.

"A Saskatchewan company has filed a lawsuit in B.C. Supreme Court against an Ashcroft canola firm claiming it has “breached contracts and misappropriated confidential information.”

Clean Power Concepts Inc. filed its lawsuit in court in Vancouver on Monday, naming Ashcroft Diversified Bio-oil, Phoenix Alliance Corp. and Andrew McKinnon. It sent out a press release Thursday announcing the lawsuit but did not provide details of Diversified’s alleged wrongdoings.

Clean Power produces filtered canola oil, canola feed meal, lubricants, chemicals and additives. Diversified Bio-Oil is building a canola crushing plant at Ashcroft.

McKinnon, the head of Diversified, said the two companies discussed prospects for doing business with each other, but have since parted ways. He vehemently denied suggestions made by Clean Power that his company did anything inappropriate.

“It is totally frivolous, without any base,” said McKinnon.

It’s not known when the case will reach court."

http://www.kamloopsnews.ca/article/20111201/KAMLOOPS0101/111209979/-1/kamloops/lawsuit-makes-claims-against-ashcroft-canola-firm

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