View the Lainhart Bankruptcy filing.
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PURPOSE OF THIS WEBSITE
Information: This website has been established by a group of concerned stockholders, for the purpose of providing pertinent information to all Clean Technology International (CTIC) stockholders about the state of the company.
Stockholder Forum: The website also is to serve as a platform for you, the Stockholder, to express your concerns about what is happening with your investment, as well as your views regarding the operating practices and management of CTIC.
A Viable Technology: From the objective research data provided by the University of Cincinnati and other reputable labs, it is our opinion that, in fact, we do have a viable technology in both the environmental waste industry and in the nano-science arena. Problems with CTIC do not appear to be connected with the technology itself.
Questionable Management: However, serious concerns regarding the current management of CTIC exist. It appears to many of us that management has failed to conduct its fiduciary duties in a way that would benefit anyone other than the majority stockholder (Diamond Capital Corporation) if this uniquely superior technology should ever be brought to market.
RECENT DEVELOPMENTS: STOCKHOLDERS' LETTERS
Recent developments within CTIC have ultimately forced us, as a group of concerned stockholders, to initiate actions we hope will redirect this company in a positive fashion. Stockholders have sent many letters to CTIC management requesting information about its administrative, financial and operational activities. (You will find many of these letters posted on this website.) The president, Irene Lainhart and the CEO, Darrell Lainhart, have adamantly refused to honor these stockholder's requests.
Following, you will find one person's experiences during the last decade with CTIC. Although there are many letters that have been sent to the President and CEO of CTIC, this letter is one person's account and appears to represent the experience and subsequent disillusionment of a large number of CTIC stockholders. These experiences involve CTIC's efforts to raise capital through aggressive stock sale promotions by the company's principals. These sales promotions represented that the capital generated by these stock sales would be used for the support of CTIC's administrative and operational costs in developing the technology into a viable commercial enterprise. However, the prospect of becoming a commercial success has become ever more elusive, while financial accountability to the investors has been non-existent.
For more information about Danny Cross' experiences with Darrell Lainhart and CITC, you may read a copy of a letter he sent to the Arkansas Securities Department that goes into these issues in great detail. (Click Here!)
This website is set up for the benefit of Clean Technology International Corporation Shareholders only. To be able to post/present information on this website, you must be a shareholder with proper identification. The identification required will be your name, telephone number, e-mail address and CTIC stockholder certificate #. Those of you that have already registered as members to this site, will not be required to file any further information. As there are ongoing state and federal investigations, as well as legal actions that have been initiated by CTIC stockholders, it is important to try and keep only the actual stockholders of the company informed / involved in the internal matters of this corporation. For any other inquiries you may e-mail your questions to the webmaster.