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ESOP Gone?

Discussion in 'AIT Laboratories' started by Anonymous, Dec 12, 2013 at 10:48 PM.

  1. Anonymous

    Anonymous Guest

    So, how does that work? The company was sold to the employees a few years ago. We all then received "stock" in the company. Now the company has been sold back to Doc. What happened to our "stock"? I really don't understand and no one wants to talk about it.

    I really can't understand how he sold it to us for a lump of cash, we receive worthless stock, and then he buys us back for pennies on the dollar.

    ?
     
  2. Anonymous

    Anonymous Guest

    I would like to know too! Been gone over a year and want my two dollars!
     
  3. Anonymous

    Anonymous Guest

    Amen to that-I have a certificate saying they owe me X amount. I'm fine with "selling back" my shares when I left but I'm not okay with not getting the money they owe me. Anyone think filing a small claims suit would do any good? I still have the ESOP plan/guidelines but it's a bunch of jargon. Doesn't help that you can't talk to anyone about it and EX isn't there anymore.
     
  4. Anonymous

    Anonymous Guest

    Have they alerted all current employees to this happening? I didn't know this occurred. Interesting.
     
  5. Anonymous

    Anonymous Guest

    Gone baby, Gone. And Evans keeps getting richer.
     
  6. Anonymous

    Anonymous Guest

    When was the last time we got an ESOP statement? Doc, good luck on getting that med school named after you
     
  7. Anonymous

    Anonymous Guest

    With the company worthless, and the ESOP worthless, you "shareholders" get nothing. Wiped out! Now however, Dr. Evans forgave the $70 million and so now the company again has again a positive valuation. Be happy, because 10% of something is better that 100% of nothing! Merry Christmas!
     
  8. Anonymous

    Anonymous Guest

    I finally received a statement and apparently over the course of the year the entire amount I had vested even after I left was pretty much a loss this year according to AIT they will be sending me a check for practically two dollars! What a waste off time so many lies coming to surface
     
  9. Anonymous

    Anonymous Guest

    Um. Did you actually lose any out of pocket money on the ESOP itself? Before and after the company tanked, the ESOP should have been l viewed as strictly a long term supplemental retirement plan.
     
  10. Anonymous

    Anonymous Guest

    No...I (we) didnt lose any out of pocket money. Mr.(s) Poster are you saying or implying you havent told the employees that the ESOP is worthless?
     
  11. Anonymous

    Anonymous Guest

    Pretty obvious the ESOP was a scam right from the start.
     
  12. Anonymous

    Anonymous Guest

    When did ESOP start, 2009
     
  13. Anonymous

    Anonymous Guest

    Yes, mid-year 2009 to beginning 2010...
     
  14. Anonymous

    Anonymous Guest

    As an ESOP company, AIT should have notified all employees, current and past, about any changes in ESOP program. Goes to show lack of ability and experience in upper management.
     
  15. Anonymous

    Anonymous Guest

    Yeah, kept salaries down.
     
  16. Anonymous

    Anonymous Guest

    Thanks Doc! The whopping ESOP payout check was awesome. I think i'll be ble to take my Lover to Rick's on friday night. Do bring Mrs. Doc and I'll buy ya both a round of PBR!
     
  17. Anonymous

    Anonymous Guest

    So who owns AIT now? All Doc, or DOC and bank ? Do employees have any ESOP benefits any longer?
     
  18. Anonymous

    Anonymous Guest

    If I understood the corp update right, ESOP now owns 10%.

    The real scam wasn't the ESOP per se, it was Bioscience. Millions that AIT invested into starting it, then it was basically given away in exchange for forgiving some of the debt that was overinflated in the first place because the company's value was inflated at the time of the ESOP sale.
     
  19. Anonymous

    Anonymous Guest

    90% investment loss! sorry! have a nice day!
     
  20. Anonymous

    Anonymous Guest

    Who actually owned Bioscience after AIT Labs invested so much money to start it? And, to whom was Bioscience given? Who now owns Bioscience? And, who "owns" AIT now? This sounds as if it was nothing more than a cheap shell game.