To: Sir Auric Goldfinger who wrote (4628 ) 1/19/2000 8:14:00 PM From: RockyBalboa Respond to of 19428
Another one of the Deutschen sleezebags blew up, nasdaq halted trading with T12 reason... Wednesday January 19, 8:05 am Eastern Time Company Press Release SOURCE: Trion Technology AG TRION Technology AG Supervisory Board Presses Further Changes BERLIN, Jan. 19 /PRNewswire/ -- In response to repeated enquiries, sources at TRION Technology AG (Frankfurt OTC: WKN 920993) (Nasdaq: TRIN - news) today revealed that the TRION supervisory board in December 1999 filed charges of embezzlement, misappropriation and fraud against the company's former board chairman and major shareholder Sami Tabbara. In the meantime, the Berlin criminal justice department has launched relevant investigations. At the same time, the supervisory board lodged several civil claims against Mr. Tabbara and his holding company for the repayment of sums in the upper six-digit region. These are said to relate to double salary payments and the use of funds of TRION Technology AG to settle payments and liabilities of Tabbara's holding company. For months Mr. Tabbara has not responded to repeated requests for payment. Believing that this could be just the tip of an iceberg, the supervisory board has ordered further expert scrutiny of the financial behavior of the former board chairman and major shareholder. This is currently under way. Given this situation, supervisory board circles have reacted with incredulity and dismay to minority shareholder Lintec Computer AG's nomination of Sami Tabbara for election to the supervisory board. This, they feel, threatens to further damage the struggling company's reputation and impedes or even jeopardizes its attempts to secure the future by its own efforts. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. Factors which could affect the Company's actual results include general economic conditions, pricing actions taken by competitors, labor relations, regulatory changes, integration of acquisitions, changes in international trade and other laws which impact the way in which the Company conducts its business. TRION Technology AG, Voltastr. 5 13355 Berlin - Germany; trion.de SOURCE: Trion Technology AGbiz.yahoo.com __________________________ Gangstas. Time to look into Lintec (http://finanzen.de.yahoo.com/quotes/de/quote?symbols=lintec&market=*&detailed=t) as well...