As I understand it, a lawyer practicing in a court of law is supposed to act as an "officer of the court" which means he/she is supposed to help the court arrive at the truth. Throughout the entire SEC suit, the constant theme is Bill Carraway's intent to defraud. Bill replies that was not his intent to defraud and so we have this basic difference of opinion. But wait, the search for truth isn't entirely hopeless. We can look at certain issues to determine which side is indeed presenting the truth and which side is intending to defraud.
The SEC claims GOE never did an independent yield test of the plant's product. Bill claims that it did and used a lab that does similar testing for major corporations and government agencies. It should be a simple matter to determine which side is telling the truth.
The SEC claims in paragraph 172 that the plant cannot be operated at its rated capacity of 400 gallons an hour without modification of its operating permit and re-testing at the higher capacity. That can easily be determined to be false. All the court needs to do is question Ginger Boatwright at Regulatory Strategies, Robbie Brown at DHEC, and R. Douglass Neeley at the EPA. Bill has documentation such as a construction permit for 1000 gph to back his story.
If the SEC lawyers are supposed to be helping the court search for the truth, why are they continuing this campaign to destroy GRNO? I still contend their motive is personal and political. The SEC shut down GIFS and GRNO within 2 weeks of each other and used them in public statements as examples of the great job they were doing to curb Internet fraud. It would never do to have GRNO come roaring back and be a huge success, would it?
Do government law enforcement agencies ever behave this way? How about the FBI's treatment of Richard Jewel after the Olympic Park bombing? His voice was not even like the voice on the phone and yet they even leaked that he was a suspect to the news media. I wonder if Eric Rudolph's voice is like the one of the phone. Did the FBI think they needed to have a suspect for political purposes rather than looking like they were clueless before the whole nation and world?
So in the face of the SEC campaign and GRNO's financial condition, it would appear to be hopeless for us, right? Not necessarily. There is still the rest of the world that does not have to be intimidated by the SEC and by our banking laws. Manova is working hard to get their legislation passed and to start ordering plants. If Bill can find other sources of capital, present them with his story that can be found in Charleston Court documents, have the bankers do independent checks of his story as I indicated above, the entire SEC campaign can be bypassed. I contend that all it will take is one bank, one source of capital, to take little GRNO under its wing and provide a few millions of dollars to make it take off in a big, big way.
Note that Bill is still on the job in Charleston. The lights are still on, the phone still works, so he still hasn't taken off for parts unknown like the CEO of GIFS.
;-)
Charles |
