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Ecomike

07/05/10 2:06 AM

#315 RE: tryin2makeit #313

Two things to say. One thanks for bringing it to our attention!!!!

And two, if you had just posted the link to the details to begin with, with your claim that there was some law suit somewhere out there, I would not have jumped on your case, LOL.

That said, from what I have read in the article, the lawsuit does not appear to name Midland as a defendent. But the US attorney for Mainland "intends to respond to Mr. Urquhart's allegations and pursue substantial counterclaims against Mr. Urquhart in due course -- in court, not in the press," she said.

Sounds like something we need to watch for more news on, but all I see so far is a rumor (unsubstantiated was the term used in the article) of possible smoke, in the past, and a guy that seems to be throwing mud in public, while admitting in a court suite he filled that he was involved with 3 cheaters and got cheated while helping the cheats?????

Not sure what to make of it all. But I am still long AEXP in expectation of merger with MNLU, and not planning to sell any time soon.

If some has time and resources to dig up and read the 178 page suit, I would love to see the meat of it, if there is any as it applies to MNLU.
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ThSeeker

07/05/10 8:04 AM

#316 RE: tryin2makeit #313

Looks as likely that Mainland is a victim here. They are legitimate business. Are you implying they are not? Or simply pointing out they have a problem with those unscrupulous trio.

If Pierce, Vaughn Barbon and Gino Cicci did "engage in campaigns to publicize and ultimately raise the price of the stock," sell their holdings and "walk away with million of dollars in profits."

Then Mainland is temporarily hurt by such activity.
All this bears watching but I don't see those guys on our distinguished board. Has Mainland fallen victim or are they part of it. I believe they are the former.

MANAGEMENT TEAM

Mike Newport
Simeon King Horton
WIlliam D. Thomas
J. Jack Cox
Charles A. Morrison
Angelo Viard
Peter G. Wilson
Rajim Jivraj

COMMITTEE

Stephen Kennedy Smith Jr.
Phillip Shaefer
Amanda Millner-Fairbanks
Joseph P. Kennedy II