Thanks for the info Gene--
Greenvironment is an ideal target?.. Well, they apparently had a For Sale sign out according to slide 16 that I linked in my previous post. As far as the status of the Company at this time your guess is as good as mine. I don't know if they have similar Bankrupty Chapters like we do here in the States, i.e. 7, 11, and 13.
DJ did refer to them as a "Key Distributor" in Europe, hence my concern. Their business model seemed to be working well as far as we knew. Checking their PPS today it was 0.022 EUR-- down 27.67% from yesterday.
As far as Sharedeals.de I find this translated statement concerning Greenvironment placing 3rd in the Top 100 for the most innovative and successful medium-sized companies in Germany. At the bottom of the article is this seemingly out of context translation: Should the company have failed to these risks, it is, in particular for its shareholders, most unfortunate. But it is part of the risk, the nature of innovation inherent and especially for small and young companies usually bound to lead to insolvency. In this context it should, however, have given false information targeted by the management, we see ourselves as victims and assume that compamedia considering further legal action against Greenvironment.
We will review the case, and we reserve in the event of legal action deception. Should there still be questions from your side, you can contact me at any time.
All very confusing to say the least. What speaks the loudest is that Greenvironment is no longer listed as one of our distributors on the Capstone site.
Thanks for the links
