Just guessing, but it does seem that LB still has behind the scenes control. And didn't stage a coupe like KYC's owner did, but I guess he could of if wanted to. But worked out an arrangement. I don't know how many directors there are now. But lets assume LB agreed to be replaced by WM and stream down the company to the battery product only, for the foreseeable future. And was not outvoted by outnumbered directors and then accommodated because of his large shareholder. He just agreed to it presumably. I assume the Las Vegas Office and lab (if was one there) was AS's, which was terminated to cut expenses as everything shifts to Vancouver. That probably didn't make AS very happy and might think he was entitled to ongoing money still, regardless of the closed office and lab. If was a lab there too. Though maybe there was some bad checks made also. The increase in shares from 27 million to 31 million might be the payment of them. I am pretty sure the new business plan was to cut expenses, focus, go with the most doable product and a needed businessman CEO. But I am not up enough on the number of directors, office politics, business arrangements and office/lab dynamics. And I am not sure who is siding with who and who feels shut out and excluded now. Or what the money situation is. Or how much power and influence AS had. Or how much power LB still has behind the scenes. But lets say that LB does side with WM because he does seem to have agreed to WM's ascendancy while still acting as money finder and I suppose deal finder in the background. And lets say the Dec 2nd PR on the battery needing durability tests is the last leg of the battery's development. At least with standard industry lead oxide paste plates. With which, the batteries new foam plate technology and less lead use seems more than impressive enough as is, without the new super paste plates. Then mighten it be AS that feels left out now. His office and lab in Las Vegas is closed, (if I have that correct that they were his or was a lab in Las Vegas too). Everything is now moved to Vancouver and the new company NxCell. AS may feel really left out now. The company definitely owns his patents and technologies from them, as PWTC's website says. Though he still has million of shares and was offered an consultancy which he declined. Now he either resigned or was fired depending on who you believe. And making stink about more money he is entitled to and that bad checks were written. Though the apparently just issued 3 million more shares might be covering that.
Well whatever is going on, all I care about is the in fighting eventually works itself out and someone ends up running PWTC successfully. That the battery is approaching completion which should help run the company on its own as it makes deals with manufacturers. And PWTC keeps ownership of the patent and battery so our shares remain effective.
Anyone else want to give a guess or better guess on the dynamics going on now.
AI
