How did Whit get mixed up with NIR in the first place? That's what I want to know. For those who don't know, Whit cut a deal with these effin dirtbags several years ago. They prey on cash starved micro-caps and suck em dry. Since Whit has no negotiating skills whatsoever and refused to hire someone to raise money, he decided cut a deal with the devil himself in NYC. The arrangement was for cash in exchange for restricted shares at a 40% discount. WHAT A DEAL, right?!?!? Not only is it freakin absurd, the NYC dirtbags never upheld their end of the deal and they immediately dumped their shares into the open market. The day the shares were delivered they were dumped. Every time. This went on during 2007 and 2008...right when it looked like things were coming together and they were going to turn the corner. As they say, the rest is history.
Supposedly the deal fell apart and NIR has a lawsuit against ITRO. Whit filed a counter-suit. It's been in limbo for a couple of years now. If NIR gets prosecuted on their other dirtbag schemes then there's a good chnace Whit will win the counter-suit and be off the hook and maybe even recoup some damages. I don't know what's at stake. A couple folks here probably know or can easily find out but so far they haven't ever answered any questions so don't hold your breath. Best not to discuss these things....even if there is a potential good outcome.
Good Evening all
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