Larry Bays, a co-owner of Albany’s Thrush Aircraft Inc., told The Albany Journal this week that the pending sale of the company includes intellectual property of what would be its biggest asset – the LM200 Loadmaster airplane.
But is Bays, who previously had not returned the Journal’s phone calls, proposing to sell something that’s not his to sell? It seems so. The Albany Journal this week reviewed a bill of sale and other documents that reveal that a Canadian firm owns the Loadmaster program, a project that once was to be a significant part of Federal Express’ future.
Bays and partner Payne Hughes have entered into an agreement to sell the company and its real estate near Southwest Georgia Regional Airport to Integrity Aircraft Holdings Limited Corp. of the West Indies.
The Journal’s reporting of IAHL’s claim to actually be an aircraft manufacturing company, versus simply being a penny stock acquisition firm that surfaced in the high-risk trading market with its purchase last year of a hangover-relief remedy, is making rounds worldwide as penny-stock investors attempt to determine whether putting their cash into the company would be worthwhile.
Bays was once Albany’s mayor.
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Why would the Albany journal form a Google Blogger blog for the sole purpose of posting specious editorial content about IAHL and Thrush Aircraft?
This situation appears quite odd, at best.
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