Replies to post #71891 on Effective Control Transport Inc. (fka EFFC)

[rosebud05]

The Bain group will gain nothing in the BK unless they can acquire the IP. There have been so many bogus creditors jumping on the bandwagon to get a piece of the carcass that if this truly goes into auction, no one with a real debt owed will get anything but a fraction of the value they are owed. So, why would someone force a BK with a debt that they purchased from another? Because they intend to buy the tech and sell it separately, steal it basically, from shareholders who have funded the development for 2 years with millions of their hard earned dollars. Do you think that people who have already invested hundreds of thousands each are going to let ANYONE steal the IP and simply transfer it to another company without a fight? Wouldn't most shareholders who have held onto this company through thick and thin over the last few years at the very least enjoy causing Bain, Belanger, Corey or whomever some major trouble, both financial and in the public eye. The same goes for anyone hoping to make back door deals with any party in this thing.

[Prove It2]

I agree about this little rat. Gib did us in and possibly every one else too. He panics easily and wants to benefit from it. He can feel it slip from his hands.