ONYI issued a press release this morning, saying, among other things, the following:

The Company and US Sustainable Energy could not reach an agreement on fundamental business operations, legal and accounting professionals, long term plans, or day to day operations, and accordingly, realized that a business relationship was not possible. In addition, the Company has learned of other factors. Unfortunately the split has not been amicable, and the Company is still attempting to retrieve books, records, and other assets from the resigned Chairman.

... Present Chairman Taylor Moffitt commented, “We will put our unfortunate experience behind us and carry on with business.”

No comment was made about USSE's allegation of fraud.