---------------------------------------------------------- Czech-List Digest Archive --- Total Messages Posted Tue 06/10/08: 2 ---------------------------------------------------------- Today's Message Index: ---------------------- 1. 09:07 AM - Re: CZAW bankruptcy - suggestion to CZAW dealers and cutomers (Bob_anderson) 2. 09:09 AM - Re: Official Czech-List FAQ (Frequently Asked Questions) (Bob_anderson) ________________________________ Message 1 _____________________________________ Time: 09:07:59 AM PST US Subject: Czech-List: Re: CZAW bankruptcy - suggestion to CZAW dealers and cutomers From: "Bob_anderson" No more SportCruiser. It is official. CZAW is now officially bankrupt! Danny and Chip have not been telling you the truth. CZAW had an agreement with Zenair Ltd of Canada for the manufacturing of the Zodiac and STOL aircraft for Europe. This agreement was canceled because CZAW started making its own copies of the aircraft. CZAW owes millions of US dollars to suppliers and Zenair. It is very likely that Chip Erwin and Danny from www.sportaircraftworks.com will go to jail! There is no way that people will get their money back on deposits. You need to read the latest documents from the court. http://www.matronics.com/archive/archive-get.cgi?Czech-Archive.digest.vol-aa CZAW is now officially bankrupt. Chip Erwin and Danny need to be in jail! Regional Court in Brno Husova 15 601 95 Brno File no. KSBR 44 INS 1207/2008 In Prague on 26 May 2008 XVII. Conclusion The Debtor (or its executive Mr. Ch. W. Erwin) is currently solving the dismal situation of the company by selling work in progress (i.e. products which have been allocated a manufacturing number and for which the customers have already paid advances) to any customer who is willing to pay in cash (without delivering the products to customers who have duly paid advances for them). The above practices of the Debtor were supported by the submission of Mr. Leonardo do Sayago of AEROMARINE, Lda, which was served on the insolvency court on 23 May 2008 (a Czech translation of this submission shall be presented by the Petitioner to the insolvency court in the nearest future). The biggest customer with whom the Debtor currently cooperates on this basis is Sprite Aviation. By such conduct, the Debtor, or its executive, exposes himself to potential criminal prosecution. At the same time, such conduct of the Debtor damages the assets and significantly reduction possible satisfaction of the Debtor's creditors. The Debtor currently lacks sufficient security of its manufacturing facilities, due to which it is threatened by potential embezzlement and theft, resulting in decrease of the assets from which the creditors should be satisfied. The Petitioner believes that, based on the foregoing, it is in the interest of all involved parties (creditors and members) to appoint a preliminary insolvency trustee, who will provide objective information about the Debtor's management and will ensure further operation of the company within the necessary period in accordance with the existing possibilities. Such preliminary trustee should be charged, in particular, with taking steps necessary to identify and to secure the Debtor's assets. Furthermore, the preliminary trustee should be charged with a review of the Debtor's books of account (which show a number of fundamental discrepancies). At the same time, it would be appropriate for the preliminary trustee to direct the Debtor's conduct and to handle the assets in a way preventing any further damage to the creditors caused by the Debtor's conduct. It is important that anyone involved with CZAW in any way read the details, which are posted at: http://www.matronics.com/archive/archive-get.cgi?Czech-Archive.digest.vol-aa AIRCRAFT ENTERPRISES LTD. holding 4515 votes, the member SLAVIA CAPITAL AERO (SC AERO) LIMITED holding 4965 votes, and the member Trihold Limited holding 540 votes. For any resolution to be adopted, a 67% majority of all the votes of all members was always required. What is important here is that Chip and Danny of Sport Aircraft Works are the owners of AIRCRAFT ENTERPRISES LTD. in Belize!! Read this topic online here: http://forums.matronics.com/viewtopic.php?p=187166#187166 ________________________________ Message 2 _____________________________________ Time: 09:09:03 AM PST US Subject: Czech-List: Re: Official Czech-List FAQ (Frequently Asked Questions) From: "Bob_anderson" No more SportCruiser. It is official. CZAW is now officially bankrupt! Danny and Chip have not been telling you the truth. CZAW had an agreement with Zenair Ltd of Canada for the manufacturing of the Zodiac and STOL aircraft for Europe. This agreement was canceled because CZAW started making its own copies of the aircraft. CZAW owes millions of US dollars to suppliers and Zenair. It is very likely that Chip Erwin and Danny from www.sportaircraftworks.com will go to jail! There is no way that people will get their money back on deposits. You need to read the latest documents from the court. http://www.matronics.com/archive/archive-get.cgi?Czech-Archive.digest.vol-aa CZAW is now officially bankrupt. Chip Erwin and Danny need to be in jail! Regional Court in Brno Husova 15 601 95 Brno File no. KSBR 44 INS 1207/2008 In Prague on 26 May 2008 XVII. Conclusion The Debtor (or its executive Mr. Ch. W. Erwin) is currently solving the dismal situation of the company by selling work in progress (i.e. products which have been allocated a manufacturing number and for which the customers have already paid advances) to any customer who is willing to pay in cash (without delivering the products to customers who have duly paid advances for them). The above practices of the Debtor were supported by the submission of Mr. Leonardo do Sayago of AEROMARINE, Lda, which was served on the insolvency court on 23 May 2008 (a Czech translation of this submission shall be presented by the Petitioner to the insolvency court in the nearest future). The biggest customer with whom the Debtor currently cooperates on this basis is Sprite Aviation. By such conduct, the Debtor, or its executive, exposes himself to potential criminal prosecution. At the same time, such conduct of the Debtor damages the assets and significantly reduction possible satisfaction of the Debtor's creditors. The Debtor currently lacks sufficient security of its manufacturing facilities, due to which it is threatened by potential embezzlement and theft, resulting in decrease of the assets from which the creditors should be satisfied. The Petitioner believes that, based on the foregoing, it is in the interest of all involved parties (creditors and members) to appoint a preliminary insolvency trustee, who will provide objective information about the Debtor's management and will ensure further operation of the company within the necessary period in accordance with the existing possibilities. Such preliminary trustee should be charged, in particular, with taking steps necessary to identify and to secure the Debtor's assets. Furthermore, the preliminary trustee should be charged with a review of the Debtor's books of account (which show a number of fundamental discrepancies). At the same time, it would be appropriate for the preliminary trustee to direct the Debtor's conduct and to handle the assets in a way preventing any further damage to the creditors caused by the Debtor's conduct. It is important that anyone involved with CZAW in any way read the details, which are posted at: http://www.matronics.com/archive/archive-get.cgi?Czech-Archive.digest.vol-aa AIRCRAFT ENTERPRISES LTD. holding 4515 votes, the member SLAVIA CAPITAL AERO (SC AERO) LIMITED holding 4965 votes, and the member Trihold Limited holding 540 votes. For any resolution to be adopted, a 67% majority of all the votes of all members was always required. What is important here is that Chip and Danny of Sport Aircraft Works are the owners of AIRCRAFT ENTERPRISES LTD. in Belize!! Read this topic online here: http://forums.matronics.com/viewtopic.php?p=187167#187167 ------------------------------------------------------------------------------------- Other Matronics Email List Services ------------------------------------------------------------------------------------- Post A New Message czech-list@matronics.com UN/SUBSCRIBE http://www.matronics.com/subscription List FAQ http://www.matronics.com/FAQ/Czech-List.htm Web Forum Interface To Lists http://forums.matronics.com Matronics List Wiki http://wiki.matronics.com Full Archive Search Engine http://www.matronics.com/search 7-Day List Browse http://www.matronics.com/browse/czech-list Browse Digests http://www.matronics.com/digest/czech-list Browse Other Lists http://www.matronics.com/browse Live Online Chat! http://www.matronics.com/chat Archive Downloading http://www.matronics.com/archives Photo Share http://www.matronics.com/photoshare Other Email Lists http://www.matronics.com/emaillists Contributions http://www.matronics.com/contribution ------------------------------------------------------------------------------------- These Email List Services are sponsored solely by Matronics and through the generous Contributions of its members.