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Dawson lumber cashflows
Dawson lumber cashflows






dawson lumber cashflows

This lawsuit - and a separate one by a different plaintiff - lodge common allegations in the field of business and labor disputes: breach of contract, failure to pay back wages, intellectual property misuse, and irresponsible company management. They are the plaintiffs in a federal lawsuit filed in North Carolina last month against Active Energy and three related companies known in legal parlance as “alter egos”: Lumberton Energy Holdings and Active Energy Renewable Power, located in Lumberton, in Robeson County, and Advanced Biosystem Solutions, based in the U.K.Īn alter ego is legal term of art that refers to “a corporation, organization or other entity set up to provide a legal shield for the person actually controlling the operation.”Īccording to court filings, it was AEG’s and its alter egos’ “conscious design, plan, and scheme … to suddenly abandon all Utah operations, while taking its valuable assets to North Carolina, and leaving its employees, creditors and liabilities behind.” AEG owes them in total, more than $150,000 in unpaid wages, according to allegations in court documents. Then in late February 2019, Scalzo and McCarthy were suddenly fired. Meanwhile, back at Active Energy Group’s home base in Utah, McCarthy, vice president of engineering, led a team that ensured CoalSwitch would deliver its results as promised.īoth men had been on a team of inventors that had patented CoalSwitch, which AEG now owned. Scalzo, the company’s chief technology officer, routinely jetted to locales around the world - Malaysia, Ukraine, Canada - to persuade utilities and businesses to adopt CoalSwitch technology, a type of wood pellet that could be swapped for coal.

DAWSON LUMBER CASHFLOWS PLUS

P hilip Scalzo and Daniel McCarthy were living large, pulling down $12,000 to $15,000 a month, plus expenses and benefits as top-tier workers for Active Energy Group. Court documents describe a Jenga tower of “alter egos” allegedly designed to shield the firm from responsibility. Graphic: Lisa Sorg)Īctive Energy left Utah to build a wood pellet plant in Lumberton. and Utah, company reports, court documents. (Sources: Canadian media, Secretary of State incorporation documents in N.C. Timberlands International had planned to cut trees and build a pellet plant in Newfoundland, but that project has stalled and several top officials have resigned. The Active Energy “family”: In addition to its Lumberton companies, Active Energy licenses CoalSwitch technology to RMDE, a Canadian company.








Dawson lumber cashflows