If Edmond X. Ramirez Sr. is a more relaxed person these days, he has good reason to be.
Last June, Ramirez received a favorable ruling from the 162nd judicial District Court, Dallas on a case in which he had been embroiled in for the last six years.
Ramirez had been accused by the Texas attorney general’s office of having wrongfully sold unregistered securities for the electric car, called Exar 1, which he planned to manufacture. On June 9, state officials consented that there was no wrong doing on the part of Ramirez or Amectran Inc., the company he formed to produce the car.
“With this hurdle overcome, we now are optimistic that we can garner the credibility and financial resources necessary to enter into production,” Ramirez said. “If I’m more relaxed, it’s because I don’t have to look over my shoulder for the self-serving or self-appointed vigilantes.”
Now, he says, he has to overcome the stigma created by two Chapter 11 reor-ganizations, in addition to bad media coverage received throughout the six-year battle.
“What we’re doing now is trying to get people to take a second look at the car or just talk with us, “he said.
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