Replies to post #71365 on Effective Control Transport Inc. (fka EFFC)

[buybyebuy2006]

Thanks Dave! GLAL. eom.

[Believer Fever]

Dave,

It is my understanding that the original investors who were going to finance the bridge loan, & supply the intitial amounts of money to get the company going again have pulled out at this time. Apparently they wanted to bankrupt the company. (screw the shareholders) At this point they are looking at other potential financing......

NEWCO....This is similar to what RH was trying to do with axyomm/virgil.........although the recovery team is try to set this up in a more ethical way.......

It appears that the recovery team is looking for 2 million to get this jump started............