InvestorsHub Logo
icon url

NHred

08/05/08 11:44 AM

#136316 RE: xanadu #136313

It's an arguement that doesn't make sense. He's basing his info off a lawsuit filing saying that that AERO signed a 5 year deal for 8 mil a year. It also stated that the contract had no opt out clause. Well areo did opt out after the 1st year. Plus aero paid 2.6 mil in shares to morgan mclure. Not 8 mil. So did aero have 5.6 mil in cash just laying around to pay the contract in full. So I guess they aren't bankrupt ;)
icon url

EarnestDD

08/05/08 12:09 PM

#136317 RE: xanadu #136313

Aero has had a number of business plans ... none of which have worked out.
Aero was essentially forced to go public ... to stave off Bankruptcy.
Soon Aero will be back in the same position again.
Whats the next plan???