Tuesday, May 08, 2012 1:46:41 PM
The Chinese operating subsidiary is noted in default by the preferred shareholder. Unless the company immediately addresses the delinquencies in question (ie reverse split State fees, OTC Markets fees) the preferred shareholder will exercise his voting control and remedy this. Expect a new USA based operating company and China Company out, should the China Company not comply. Commitment, from AI is under way.
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