Dealing with S is something to consider along way down the road, and may or maynot be worth pursuing depending on his ability to prove under lab conditions that his conversion to plastic resin works at a high enough percentage to be of any value. In the past the company failed to build a test reactor system, and if we decide S has a working process the first order of business would be to build a small scale 5-10gal working system. I don't expect his process to be of any value, or Dr. C wouldn't have done the bait and switch to ethanol, and then ran away from the company.
2) We don't need to halt trading to get a share count on a specific day, but we do need a new T/A that's for sure, and the records from the old one.
3)and 4) I agree Dr. C has to have his shares returned to the company, and any other shares he might control. It's not my intention to bring dillution into the company, but the bills need to be addressed, and any discision to add additional shares would fall on the BOD. Presenting this to the stockholders via Edgar, Yahoo, and mailing out to known shareholders would be best. Annoucing a meeting at a specific location on a specific date to take a vote to approve, or reject the purposal. At this point it's impossible to know what a majority is, because of the T/A issues, and a public meeting is the best the method to address the needs of the company. I may need approval from the Delaware C court to conduct a meeting to address adding addtional shares, or the original documents of incorparation might provide a claus allowing the BOD to approve the purposal. I'll let you know in that regard. Anyway you slice it the company is going to have to pay it's way back into viability, it won't be coming out of my pocket. You can't pay the T/A to recover the records, or meet tax obligations, and attorney fees without money, and the only souce of money is in the stock, or a high intrest loan that would require selling even more stock to meet that obligation. The current stock price is extreemly bad, but as the pieces start to come togeather the stock price will reflect the improved condition of the company IMO. It will be a long time before we need to address the need for additional stock to pay the bills, but sooner or late we're going to have to do it. There is no possible way to prove AC even owns a single share anymore without the share holder record from the old T/A, and that has to be addressed.
((Should we also do a new share count to assess our voting power?)) That's not a bad idea, and it will update the old record. I still hold 1 million shares.
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