What is going on? From Revett Eldred
Today I resigned as a director of LOM.
> >
> > Lyle Bauer has also resigned.
> >
> > I am expecting Charlie Clements to resign.
> >
> > You are correct. Matthews is not fit to be an officer of this or any
> > other company. It would be to the benefit of all LOM shareholders if he
> > could be stopped.
> >
> > I speculate that Al Lawrence will nominate two or three people friendly to
> > Matthews to be directors. Bound by the terms of her settlement agreement,
> > Carolyn will have no choice but to vote for them. They will settle the
> > outstanding litigation to the benefit of the Gentili group. An investment
> > of $1M in two tranches will be negotiated at terms very favourable to the
> > company. Matthews will be reinstated as President. Much of the funds
> > raised will be used to pay existing debts including your loan.
> >
> > Over to you.
> >
> > -- Revett