By reading the 8K notice of loan from Waterloo, it appers to me that the only security provided to Waterloo from EI was the preferred stock, now that the EI Corporation appears to be a non registered corporation in Michigan (as indicated in your earlier post) and none of the three stooges appear to be personaly responsable for the loan, it would be my guess that they can form a new corporation and continue to exsist and leave waterloo and the stockholders of EI with nothing .
No One with any sincerty can defend such a action. This is nothing more than FRAUD, and those who will defend them, are just as guilty, and trust me I am positive that by their absence they already knew what was going on.
JMHO
