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Replies to #28903 on BOUNCE (BOING)
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cintrix

05/21/07 9:43 AM

#28904 RE: Buckey #28903

Did u read the 8k from Friday on AXVC? Resignations, new accountants, and this:

The Company announces that the Securities and Exchange Commission has issued a formal order of investigation of the Company relating to possible violations of Sections 5(a) and 5(c) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The Company and certain of its officers and directors have received subpoenas for the production of documents, as well as for testimony.

and

Impact on the Company’s Plan of Operations

Adaptive Propulsion Systems (the companies licensee) has informed the company of a minimum of an additional 16 weeks delay on the final phase of testing to due mechanical failure of one of the parts of the “workhorse” multi fuel engine.

This will have a direct impact on closing sales of licenses, investment and the creation of the Center of Excellence.