Saturday, July 29, 2006

AlienTrust updates

Some updates on their payment status.

Still pending as usual. Reason: contract details which they are not happy about as they are not in "members' best interest." Thanks, Vince. Autosurf Dummy is touched...

Well, another week has passed by with (much) anticipation and it looks like members just got to hang in there till next week again. So stay tuned.

Hi people,
Please read:
Good evening everyone,


I apologize for the delay in the update. The meeting with our attorney ran late into the evening yesterday, and even part of today. The latest contract proposal was not everything that we had hoped it would be.

At this point we still are under our confidentiality agreement and I’m not able to give you specific details which I apologize for, but suffice to say that we were very concerned that several of the issues which were very important to us and the longevity of the program were not included as we requested in the contract submitted to us.

In other words, the contract was not in your best interest, and that’s unacceptable.

We’ve resubmitted a counter offer to the buyers, stressing that the longevity of the program is what we consider most important at this point, and stating very clearly that certain assurances must exist for the members, otherwise there will be NO DEAL.

We are all aware at this point that the future of AT is uncertain, but I can assure you of one thing without a doubt – IF Alien Trust must close down – WE WILL BE THE ONES TO CLOSE IT DOWN! Not some newcomer who stepped in with false hope and empty promises.

We should hear back by Monday or Tuesday on whether our assurances will be met and we’ll update you again at that point. In the meantime we’ll be working on an exit strategy that provides those assurances to you and will be in the best interest of ALL parties involved. Hopefully there will no need for such a strategy, but I will NOT simply stand idly by and let anyone pull another StormPay on the great people in this program that we care so much about.

I look forward to updating you all on Monday or Tuesday next week with some GOOD news, but either way good or bad you’ll have an answer to this situation by Wednesday next week.

Have a good weekend.

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