READ IT!! Monbat made this press release but they never posted on their website!! These guys got the stake with the judges permission and kept the stock for collateral with the judge! And the off shore company I was always trying to figure out August Fortune!!! Now we know why Klaus Brandt came back! They are working on a new product and we obviously have stake in it! Any the are probably working on deal with he creditors. Notice Koster our old CEO is part of this and he secured 1,000,000 dollars in the bankruptcy and later diverted the money eventual proceeds to another entity!
"Accordingly, Monbat incorporated new 51% subsidiary in Bulgaria – Monbat New Power AD, together with August Fortune ltd, 49% stake. The latter is controlled by Graham Norton-Standen and Martin Koster, both experienced in the alternative energy storage solutions, including lithium-ion technology. Monbat New Power AD will be strictly R&D focused and concentrate “its efforts on producing and commercializing “all-in-one energy storage” solutions including power management devices”, the Company added."
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