InvestorsHub Logo
Followers 6
Posts 1715
Boards Moderated 0
Alias Born 04/21/2004

Re: None

Monday, 07/25/2005 9:10:18 AM

Monday, July 25, 2005 9:10:18 AM

Post# of 35337
Now I have an opinion.....

It's different than the one I had originally...boy was I wrong.
As it turns out the sequence seems to go along these lines..

They were in China and in talks with the #1 auto company Shanghai Automotive...these discussions are ongoing per the filing....that is very good news...Why would Shanghai announce it if it wasn't going well..? That is very encouraging...

The CXO guys turn out to be very wrong for the job per this mornings' filing.... a series of actions over time by the CXO team causes the conclusion by the board that they need to be"on the go"....

Executive committee formed to accomplish that..

Carlisle resigns professionally and wishes company well..

Carlisle finds out from his cousin, who is part of CXO that CXO is being squeezed out..

Carlsile resigns again ..... it appears to be sour grapes as I read it...(how many times do get to resign anyway..?)What happened to the warm fuzzy departure from the 8K a few weeks ago..?

Sarbanes - Oxley dictates that this stuff has to get 8k'd ...

Torvec 8k's it and has to reveal CXO's performance review....it wasn't a good review...

My opinion is that as shareholders, we are in a much better position now than we were a few weeks ago. This is good news...

Onward...my attention is turned toward China






Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.