Replies to post #71880 on Effective Control Transport Inc. (fka EFFC)

[Believer Fever]

Proveit2,

#1 What was Gib's Plan? (details please)

#2 What was the Plan that US Investors said no to? Who were the Canadian investors? (shareholders?) What assistance were they looking to get? (details please)

[rosebud05]

What in the world are you talking about? The American shareholders have the same interest as the Canadians, which is to protect shareholder interests in what is a tenuous situation. You are right that we had a good chance six weeks ago and oddly enough it has not changed that much even in bankruptcy. Bain, not US shareholders, forced the company into BK. In the end he will also lose if this Patent is allowed to languish any longer, which will certainly be the case if more litigation ensues. Others are working on this product and time is of the essence. I certainly would not and did not support any shady financing deal through Tony Papa. I would rather lose my money than snooker unsuspecting sheep into a phony stock deal, despite the temptation this may present.

[doogdilinger]

The only suit of merit was the BK Prove_It2 and Gib was too busy spinning behind the scenes stories of grandiose baloney to give a crap about coming up with a plan to avoid the BK judgement.

So let a select few remaining s/h's mistakenly believe that filing any lawsuits now matters...when you and I both know EFFC is a BK'd shell which the mighty savior Gib had a full year and a half to do something with...but chose to do nothing publicly because he was far too busy pretending he was putting together some grand secret plan behind the scenes EXACTLY like RH used to do ugh!