SPWP,from Legal Expert,and please post both posts and the previous one on RB anyone from here.
E-mail below from LEgal expert:
I was asked to put some thoughts down because most people do not even know where to begin.
Ok, we have a new place and it is called "bradonia" There is value to a dictatorship some times( ok bad humor)
We have a start.
We need to keep recruiting shareholders high and low so we have a strong tree we can pull proxies from when the time comes. Have then keep mailing me. we have about 35 million shares at present accounted for without Mario et al.
We need to send a registered letter to the trustee kindly asking him for the list of equipment sold, selling price and successful bidder. We then make sure that none of these third party straw men come back with cozy relationships to "others"
We find a good Bankruptcy lawyer in Texas. The guys I hired are security lawyers that have been nailing naked shorters. Hey from what I hear we might find some of that here on occasion. I heard Davis went short on the stock and when Mario failed to deliver, bang he got bought back into the market and the stock went zoom zoom.
We set up a website for information for people to post and how to make contact, help financially etc.
I do not want to handle the money, conflict here, but we need a treasurer or we have the lawyer stick in his IOLTA account. I hate doing this as the interest earned goes to the state bar and that feeds the wolves.
We prepare a plan. This is not complicated and we can pass it around for ideas, etc in a word document. I have a marketing guy that would help us if he could get some work in the end. All the people I deal with do not collect up front fees, but usually like something on the backside or some stock at some point.
We submit the plan to the court through our counsel. We have everything well laid out and measurable and identifiable for the court.
We can have some "special provisions" for our dynamic want to be leader Mr. Davis. We can create his own special little category for him as part of the plan.
Being there is no creditor committee, the plan will be voted on by the shareholders and the judge will confirm it or turn it down in the end.
What we have to demonstrate is that the creditors will be better off with our plan as opposed to a liquidation. This can include the anticipated cost of the liquidation.
Ok folks, you asked and probably got more than you wanted to hear...but there it is.
We have a very short window here to do this, maybe 30 -40 days. The little bit of money you have to put in is like insurance at a blackjack table...dealer has an Ace and it is show time.
Let me know.
OK it is time for a shameless plug for a pet project of mine. It is Judicial Accountability. We just busted our hump and got enough signatures to get it on the South Dakota Ballot. Why South Dakota, numbers. At first they thought it was a joke, but now they are not laughing. It is 3 strikes and your out for a judge that does not follow the constitution. No more legislation from the bench. You can go to www.jail4judges.org and read about it and send them 20-30 bucks. Ron is a great guy and tell him I sent you on down.
I am going back to South Dakota with my plane this next summer for a couple weeks and barn storm the state to chat it up.
The president of the South Dakota State bar was beating us up in Texas last week. Go read the South Dakota Bar web page...it made front page.
Ok that was my shameless plug, like Superwipres, if good people do nothing, the bad guys win. Lets get off our butts and make a difference.
Thanks either way for just taking the time to read about it...feel free to post it around the chat rooms. God only knows shareholders need honest courts more than ever.
Brad
DARE TO DREAM.LISTEN TO IT AT HARD TIMES.
