American Transportation Holdings Inc. (ATHI)

[Frankenbox]

Textraw Merger Cancelled!
http://textrawinternational.com/blog/?p=93

Atlas Capital announced in the beginning of October that it had acquired Textraw. But it has failed to provide the contracted consideration. Repeated attempts by Textraw for the subsequent two months between October and this last week to contact Atlas President Chris Davies by phone and email went unanswered.

Therefore Textraw notified Atlas’ attorney that Atlas had broken the terms of the agreement, which we now consider void. This notification was immediately followed by a response from Davies, who claimed to be the owner of Textraw, and threatened a lawsuit.

Textraw regrets its complicity in posting announcements that the company had believed to be true. We have not owned or traded Atlas stock, and never received any payments, but have sought to deal in good faith as we sought to bring Textraw back to market for our customers and distributors.