John L. “Jack” Herida Jr.
Address On File
August 9, 2008
Clean Technology International Corporation
10809 Executive Center Drive, Suite 323
Little Rock, AR 72211
Attn. W. Darrell Lainhart, President
Dear Mr. Lainhart,
On February 4, 2001 I purchased 4,000 shares of Clean Technology International Corporation stock from you for $10,000.00 i.e. $2.50 per share. At that time your wife, Irene M Lainhart, was president but I noticed from the Clean Tech website (
www.cleantechnano.com) that you are now the president- hence the reason this letter is addressed to you.
From the time I got involved with Clean Tech until my most recent contact with you, I have been advised, each and every time, that we were going to go public within the next 3-6 weeks. Well, many “3-6 weeks” have come and gone in the last 7 ˝ years and the “opportunity” for a gain on my investment seems unlikely.
The biggest reason I chose to invest in Clean Technologies was because I believed in the technology and I had hopes of gaining a greater return than I was getting in my 401K. The fact is- I am nearing retirement and I have lost confidence in your 7 ˝ years of “we’re going to go public” projections.
The information I received through
www.cleantechnanoshareholders.com, which was developed because of many other disgruntled investors in your company, would indicate that “go public” and “realize a great profit” that once were my dreams are just that- a dream with apparently no chance of becoming a reality. I feel that I have been taken advantage of. The above mentioned website has information that validates the concerns and worries I’ve had for many years- someone else, other than shareholders, has profited greatly at our expense with our gain reduced to merely smoke and mirrors.
I would like to take advantage of the rescission offer that you have made to at least some shareholders i.e. to surrender all my shares of stock (now 12,000 shares) for the $10,000.00 I paid initially plus 6% from the date of purchase. I trust you will honor this request.
I wish you well in your endeavor. I have always believed in the concept and opportunities that could have been a reality. I believe something or someone had a reason not to let it happen and it hasn’t. It appears it never will.
Thank you in advance for honoring this request.
Respectfully,
John L. Herida Jr.
cc. Arkansas Securities Department
Heritage West Building, Suite 300
201 E. Markham St.
Little Rock, AR 72201
Office of the Attorney General
Protection Division
323 Center Street, Suite 200
Little Rock, Arkansas 72201
General Category