DENIS CIMAF and Gyro-Trac relationship

   / DENIS CIMAF and Gyro-Trac relationship #1  

deniscimafinc

Silver Member
Joined
Jan 22, 2007
Messages
125
Location
Roxton Falls, QC
Tractor
Any, as long as there's a DENIS CIMAF head on it ;)
Good afternoon all,

This week, in civil case #2:06-cv-02539-MBS of US District Court, District of South Carolina, Charleston Division, Gyro-Trac was found guilty of fraud, violation of South Carolina Unfair Trade Practices Act, and what I guess can be translated as "business misconduct" (see attached PDF of the jury verdict).

As many of you already know Gyro-Trac and DENIS CIMAF brushcutter-chipper heads are related, I wanted to make things clear:
  • Gyro-Trac does use DENIS CIMAF technology;
  • Gyro-Trac now manufactures all its brushcutting (fixed tooth planar) heads and teeth/cutters itself;
  • Although Gyro-Trac currently owns 35% of DENIS CIMAF, it has no influence on DENIS CIMAF's business practices and conduct;
  • Actually, DENIS CIMAF is currently seeking to have Gyro-Trac removed from its shareholders, for different reasons related to Gyro-Trac's business practices and conduct;

Should you have any question about the relationship between DENIS CIMAF and Gyro-Trac, I'll be happy to answer.
 

Attachments

  • TBS vs GT Doc 173.pdf
    73.6 KB · Views: 518

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