Martin Young couldn't afford a Marks and Sparks suit, never mind a bloody law suit.

What I would like to now is what involvement Roy Pearce has in
the company - I can remember what he did or didn't do with
Lucus (Feel the firm would be much better off with out his
involvement)

I Meet Roy Pearce once at Barkshire Polo club (not an evening to remember), not sure what Planet he was on!!! All I can say is since M.Y. took over (don't forget he was tricked into this by M.Lucas) we now have 20% of something compared to the 100% we had in nothing. This company was in debt , badly ran and advised until Martin believed in it and backed it with money - since then news has been slow but so much damage was done in the past (Take a look into past dealings of M.L. and R.P - very interesting reading) that who knows what to trust or who.

Has anyone else meet Pearce - would love to hear your comments and thoughts

Has anyone heard anymore about the status of Meretec. Were the bonds every paid back. They said they raised another $10 mln in pre-ipo financing to pay back the debt but nto sure if that happened. Has any heard of anyone from the Catalyst fund being able to get their hands on any of their money. Very interested in hearing from people who have invested with them. Thanks

Has anyone heard anymore about the status of Meretec. Were the bonds every paid back. They said they raised another $10 mln in pre-ipo financing to pay back the debt but nto sure if that happened. Has any heard of anyone from the Catalyst fund being able to get their hands on any of their money. Very interested in hearing from people who have invested with them. Thanks

any one got any further information on this... I have invested and would love to hear if anyone has had any money back...

Someone else is blogging about it here http://smogsblog.wordpress.com/2009/11/09/meyado-meretec-mitl-martin-young-a-cautionary-tale/

 

And a group seems to be getting organized here: http://www.forespoke.com

 

Let's hope they come to something.