Acquisitor courts Baltimore investors

THE bitter fighting between Baltimore Technologies and its largest shareholder continued yesterday with a lengthy letter posted to investors ahead of a crunch meeting next month.

Acquisitor Holdings, which owns 13% of Baltimore shares, said the plan to turn the company into a clean energy supplier would squander the remaining cash in the company.

"We want to protect Baltimore's remaining cash from being squandered by the existing board and invested in another unproven, high-risk plan that could result in the remaining assets of the company being wiped out," Acquisitor deputy chairman Duncan Soukup said.