from my email to investor relations: TO: STWA, Inc. Investor Relations Mr. Andrew Haag IRTH Communications, LLC Tel: 866 976-4784 Fax: 949 861-6388 email website
Are you guys gonna be involved in dealing with the negligent accuasations repord by seeking alpha this morning in the article ZERO's Current Scheme Is Nearly Identical To The Program That Led To An SEC Halt And Fraud Charges In 2001at Seeking Alpha(Tue 8:40AM EDT and if so will you provide a release of your own, or is this to be handled by STWA?
ty in advance,
barry
The author clearly has an agenda as he discloses he is short STWA stock.
Disclosure: I am short ZERO.OB. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
The mention that the Morgan Hill facility is their R+D is true only in part. This facility has been on the books of the company for some time and was used primarily more for the automotive products that the company was developing. The company has not been focused on the automotive application of its technology since it received strong industry interest from the oil industry for AOT Oil Pipeline Technology. To this effect, a couple years back the company entered into an JV and sublease agreement for the Morgan Hill Facility that the Short Sellers article mentioned.
On the topic of STWA's R+D efforts, millions have been spent to develop and secure Intellectual Property. STWA has a research agreement with Temple University and the investment and multi year agreement with the US Department of Energy’s RMOTC facility. Including this is this information is more clear and true representation of the R+D efforts of the company.
STWA's Legal Council was with SEC enforcement, if there are issues to be addressed legally from the publication of this Seeking Alpha Piece this will be handled appropriately.
Born in Chicago, Illinois, on February 4, 1948, Mr. Gelfand specializes in public and private securities offerings and syndications, securities compliance, securities arbitration, SEC and FINRA defense, business formation, structure and planning, contract negotiation and drafting, and broker-dealer and investment adviser compliance and regulation, as well as in lease negotiations, film distribution, film syndication, restaurant syndication, pro boxer representation and race car event structure and organization. He has served as a Staff Attorney, Special Counsel, and as a Chief, Branch of Enforcement for the U.S. Securities and Exchange Commission. Mr. Gelfand received a B.A. from Roosevelt University in 1970, and a J.D. from the University of San Fernando Valley College of Law in 1976. Mr. Gelfand is admitted to practice before all state and federal courts in California.
Mr. Gartenberg has extensive experience in corporate and securities litigation including federal and state fraud claims, trade secrets, unfair competition and insider trading litigation as well as arbitration claims and SEC, CFTC, state regulatory and FINRA investigations. He is experienced in a wide variety of complex business litigation including fiduciary, corporate governance, partnership and unfair competition litigation.
Mr. Gartenberg was a former Special Counsel, Division of Enforcement, United States Securities and Exchange Commission. He was also a former Special Assistant, United States Attorney Office (Washington, DC). Prior to joining GGHS, Mr. Gartenberg served as the Chair of the Securities Litigation and SEC Defense practice of a major international law firm -- Sincerely,
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