Background information

We were a high tech startup called Seertech Corporation that ultimately failed, but not for lack of effort. Our company was well on its way to success, having been formed by the combination of two other companies we had started - Rolltronics Corporation and VoltaFlex Corporation. In Rolltronics, we succeeded in developing a revolutionary new display technology that could have changed many products in use today. We had working samples of that technology and many of the top scientists and engineers in the field expressed interested in it, as did several multinational firms.

The technology was called FASwitch (flexible array switch) and you can see information about it under the FASwitch Info tab, which includes pictures, videos of working samples and other information. This was real technology. It was designed to work with displays and devices that incorporate a display, such as the Amazon Kindle. In fact, our working prototypes were built using the same supplier (E Ink) that Amazon uses for making the black and white dots on the screen (see FASwitch info.)

Nonetheless, for reasons that were never revealed, a small group of our shareholders (less than 5% of the total number that invested and led by one individual) proclaimed mismanagement and fraud. Their claims drove away financial backers, which assured the failure of the company. They then attributed the failure of the business to improper management practices, when the reality was that the company could not survive without money.

In 2005, our venture capital investor, Frank Bachinsky, made an effort to break the hostile takeover and help to restructure the company.We approached Frank through one of our investors. Frank did extensive due diligence on the company and determined that the claims being made against the company were baseless. He created a business plan to buyout certain disruptive investors and restructure the company.

As the company was being restructured and recapitalized, this small group of investors recommenced their attacks on the company's legitimate business efforts and forced the company into liquidation in bankruptcy court. This group then repeated a series of claims, voicing their opinions to other shareholders, government agencies, a bankruptcy judge and trustee, and Internet reporters. 

These claims were fabrications, and the claimants never produced anything to support their claims. Nonetheless, much harm can be done merely by making accusations, particularly in the absence of balancing information.

This website is about providing the facts and thereby laying these claims to rest. Each claim is easy to disprove, and we provide evidence to back that up. We invite anyone interested to read the claims made and our rebuttals to each. Financial and other substantiating documentation will be gladly provided to anyone who would like further proof.

What makes these accusations all the more painful for us is that we had wanted to set a new, higher standard for the way a corporation behaves toward its employees, shareholders, customers and the public at large. We attempted to structure and run the company with a "triple bottom line" philosophy. Triple bottom line means emphasizing people and planet, as well as profits. We tried to be green and socially responsible well before it became fashionable to do so.

Shareholders of Rolltronics, VoltaFlex, Seertech, and any other interested parties, are encouraged to read an Open Letter from Michael Sauvante, as well as a short writeup on Ethics and Values in which Michael talks about his personal value system and gives additional perspective on the negative claims made against him.

Finally, because many people automatically discount positive statements if made about oneself, we have asked a few people - ones who have known us intimately for many years - to share their thoughts about us. You can find their opinions under the tab called Letters.