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TJG

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Alias Born 06/20/2007

TJG

Re: Vaas post# 13243

Monday, 05/21/2012 1:10:58 PM

Monday, May 21, 2012 1:10:58 PM

Post# of 13679
In my opinion we cant consider it anything but just an update... we dont know what they plan on doing with the company...we dont know how bad the debt is, but they say this guy is a guy who works with debt stressed companys and companys that are or have been or may be going into BK..

We are pretty much stuck in the wait and see what they tell us mode... one thing that seems odd... the management of this company is now in Florida...while the only money making part of it is in Garden Grove California... Elasco.... why would you have a company that is in trouble being run by people who are 3,000 miles away... one reason is, maybe they are selling the assets and keeping the shell... who knows, they did not really tell us much in the PR...only a bio on the new people and that Henry is packing for parts unknown...