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Again, trying to be objective...we probably need to know more about the license/manufacture relationship between the Smiths and HoldFast before anyone says that Peter is "lying" to the public - at least regarding the out-of-spec anchors and the spec data on the website at the time.
The quote above regarding the weaker anchors is him telling HF that the anchors being manufactured/shipped at that time "are NOT to spec". That doesn't necessarily imply any complicity on the part of the Smiths. In fact it might be the opposite...him telling them to NOT manufacture/ship anymore anchors that are not to spec (which we now know that they did). Who knows? It all depends on his contractual power in that situation under the licensing agreement.
On the other hand, it DOES show that, as Maine points out, that the Smiths knew about this problem well before the timeline laid out in the most recent press release and WM notice. So, it's still bad.
If they want to save this company, the had sure better come clean on all of it.