Osvaldo Patrizzi Responds

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Latest News - 10 october 2008

Another friend has joined the list. David Smith, Antiquorum's CFO from september 2007 until April 2008, has joined the lentgthening list of Antiquorum creditors. He has mandated his lawyer to pursue Antiquorum in justice for an amount of CHF 300'000 for non-respect of their contractual obligations and non-payment of his salary. The list now represent more than CHF 13, 800,000 not including the amount due to the Spanish gentleman (CHF 5 Million) who sold his watches in may 2008. To this a long list of small vendors should be added who have not been paid for their watches sold in auctions in october 2007 through June 2008.

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