[Mark IV]

Pderouss,

AC, actually the "AC Car Group Limited" did a CVA, "Company Volantary Agreement" but understand that the brand "AC" is held in Lubinskys USA holding company AC Automotive and then licensed to ANOTHER holding company and THEN to ACCG. He can license the brand and product all over the place. In the CVA he was even a creditor for royalties ACCG "owed" him!

His stock in trade is stock manipulation and not production of cars. He now has a company "AC Motor Holdings" that is an Austrailian company that will license production to the pipe dream factory he claims will be on Malta.

If you go back through the history of press releases, announcements and other clapt-trap Lubinsky has spouted, you will find virtually none of the announcements have come true. He took deposits for cars they never built, both from retail buyers and from dealers. call up Duncan Hamilton and get their take on how he does business.

I have great respect for Jim Price but I do not understand how Lubinsky fits into the new "Alloy AC" operation. I was understood that the only connection was that Jimmy would hold the worldwide license for alloy AC products and would also supply spares for all previous AC product.

My previous comments about doing business with ANY Lubinsky operation stand.

Rick