Averna acquires Mindready Solutions Inc. for undisclosed price

- Systems test engineering firm Averna has acquired Mindready Solutions Inc. (TSX:MNY) for an undisclosed price.

Averna said Wednesday the acquisition of Montreal-based Mindready will expand its radio-frequency and communications product portfolio, reinforce its leadership in test engineering.

It will also help Averna establish a footprint in the European market.

Under the deal, Averna will acquire Mindready's intellectual property, hardware and software products including the company's universal radio tester and SedNet IEEE-1394/FireWire, as well as 50 employees in Canada and Ireland. Read more

[chris]

So what happens now to mindready shareholders who were being held hostage sinse april 18 of 2007?

[Russell UK]

chris wrote:

So what happens now to mindready shareholders who were being held hostage sinse april 18 of 2007?

Did you get an answer, Chris?

[Nic]

Chris,
I doubt that there will be leftovers from this transaction for us share holders... The bankruptcy agent is Stéphane Lachance if you want to contact someone (google the name and click on the 1st link)

[chris]

Thanks for the comment Nic.I just think they should not be able to screw us like this and get away with it.Can we sue them for this.I had spoken to marc lamy on at least 8 ocasions and every time he assured me that my shares were fine and that the company was fine because if it was not he would have left the company long ago.It's not just the money we lost but the fact that they screw us like this with the trade-halt order were we could not even sell our shares for even a penny is absolutely unthinkable as well as unexceptable.I just can't let this one go.Is there any oyher shareholders out there like me who feel the same way and would like to do something about it.Chris

[Bryan]

chris wrote:

Thanks for the comment Nic.I just think they should not be able to screw us like this and get away with it.Can we sue them for this.I had spoken to marc lamy on at least 8 ocasions and every time he assured me that my shares were fine and that the company was fine because if it was not he would have left the company long ago.It's not just the money we lost but the fact that they screw us like this with the trade-halt order were we could not even sell our shares for even a penny is absolutely unthinkable as well as unexceptable.I just can't let this one go.Is there any oyher shareholders out there like me who feel the same way and would like to do something about it.Chris

Hey Chris, I feel the pain too.
Way I see it, they realized they were extremely financially in trouble when they were trying to settle their books.
Later then assets bought up by Averna with most likely intentions to declare bankruptcy. With bankruptcy, there is usually not even enough to pay debt (ex.bank,goverment). Certainly nothing left for the sharehlders.
Averna is a private company, their is no interest to the share holders.
It's a write off, declare you capital loss and move on.

[Gavin]

It seems to me that we the share holders should be entitled to some compensation.
Where did all the money from the sale go? Can they legally just pull the rug out from under us like this? With the shares being frozen for so long it just does not seem right. What is to stop other companies from doing the same thing with no responsibility to the share holders? I know times are tough but this is a hard pill to swallow!

[chris]

Hi Gavin,you are absolutely right-the shares were frosen for almost a year while we waited for this final assasination without any notice.I personaly spoke with Marc Lamy(CEO)on many occations and he assured me that my investment was safe and that the company was in good shape,other wise he would have left the company a long time ago.I'm personaly am not gonna let this go folks.Ps. Gavin if you wanna get in touch with me, email me at [e-mail]

[Thaddeus]

I to have been screwed by this company, with no information as to our investment. You would think that the law would require them to at least tell us what has happened to our money. I would be willing to support any effort to recover any money.
[e-mail]

[chris]

No notice to shareholders what so ever,as if we never existed at all.It's f***** unecceptable.I'm even ready to charge into their office to demand answers to this.I tried calling them at mindready but they no longer answer calls.These people need to learn the meaning of accountibility.Simply put they don't give a shit.When I called Marcel Roy at averna he simply said ;if you want a risk free investment buy your self a canada-savings bonds; One could always put pressure on averna. or email [e-mail]

[chris]

Oh,one more thing.I realy believe that something could and should be done to try to get some money out of averna(the company who helped to screw us)averna's marcel roy's number is 15148780236 or go to www.a verna.com I KNOW I WILL

[abc]

F*** averna and f*** Marcel Roy and f*** Stephane Lachance of averna-those Fu***** crooks should get it one day-this ain't over people.

[abc]

The pigs number is 15148780236-FU** AVERNA

[MS victim]

Is anyone out there interested in pursuing Mindready/Averna through the proper channels, ie a civil suit.
Legal Advice costs money. If you are prepared to send an "In Trust" cheque to a lawyer, please so indicate.