Aluf Holdings Inc (AHIX)

[Maria56]

who do they think they are foolin?

Not you and not me. Cyril said,

A very strong point I would like to make during this call. Despite a press release in 2012, there was no cash received by the company. It was only an equity reserve financing contract, based on volume of the trading and the share price.

Based on CWS's filings, this is CWS's only possible defense in the lawsuit with Sandia. In fact, I daresay, the entire purpose of the conference call was to put that out there publicly.

It is clear from the conference call that the lawsuit is NOT settled. How much stating publicly that CWS gotz no money will help them remains to be seen. When CWS settled with Sandia last year and released PRs saying as much and even violated the confidentiality of the settlement by allowing WAfR to publicly state the terms of the settlement, it was a reasonable assumption that CWS COULD pay. If they couldn't, they should have made a different settlement or none at all.

This should be quite clear to the judge who hasn't ruled on the motion to order CWS to show cause why they should not be held in contempt, a motion to which CWS did NOT file a response, thereby admitting contempt by default.

As for the other TWO actions in the case with Sandia, CWS dropped the ball on their motion and last word from the Court of Appeals was that CWS had not filed the Docketing Statement required to pursue the appeal.