FYI: A stockholders meeting will be held, Schwanitz convinced the judge. Note: I got this info from another board
"xxxxxxx, one of your sources called me early this morning and have been waiting for you to post the news which I want to direct to xxxxxxxx and his concerns. Today the Judge ruled that a STOCKHOLDERS MEETING MUST BE DECLARED!!!!
Also, am hoping for another ruling which will state that the Board removed Walthers legally. After Walthers was voted off the board, he ran to his Canadian friends including of all people Boyden despite the law suits and just showed up at ACII building stating that he was in charge and kicked Rutkowski out. Rutkowski should have called the police or security or at least stood his ground and not left. This thing is better than a TV soap opera. This thing is really so bizarre. OK so perhaps Mann is part of the Canadian crowd but why would he allow Walthers to literally, personally confront Rutkowski and kick him out??? This is a crazy drama.
In regard to the Eaton order, it is not the same old PR; the so called PPAP order appears to be worth 1.2 million dollars. Eaton is the FIRST manufacturer to place such an order and it is amazing that they are doing so with ACII management at each other's throats; therefore, in order to protect themselves at Eaton they are couching the order as a PPAP so that they can break off easily at anytime. Yes, the word "could" disturbs me too. Yet to repeat, before Eaton is going to commit a huge sum like ten or twenty million to a brand new process, they need a way to save face and break off easily.
If more orders from other manufacturers (pipes and a ### car company and perhaps even CAT) come through within the next ten business days as I was told by another source, then all will be well. Well sort of. Walthers does not have enough imagination to announce the Eaton order as part of some ploy and Mann cannot even calm down the Board. The last thing he and Marc are concerned about is calming down share holder longs who are mostly wiped out.
The commercial viability of the LACC process seems to be true. However am very hesitant to purchase more stock because of a possible R/S in order to get on the NASDAQ OR American Exchanges. During the stockholder's meeting, it might be a good idea to demand that the Board rescind the previous R/S for everybody but those who were on the Board at the time of the R/S. xxxxxxxx, you are probably laughing your butt off along with others over my naivety because you are convinced that a stockholder's meeting will never take place let alone rescinding the R/S. Just hide and watch but please attend the meeting. Any ideas on where you think the meeting should be held: Las Vegas, or Plymouth???" |
