Ener-Core, Inc. (ENCR)

[Pasta]

Pathway to Value
Both SAIL and Ener-Core believe that the stock is undervalued at the current market price and that, if ENCR survives through this current
bridge, it can achieve valuations many times the current valuation under the right leadership. The past lack of sales and revenues
performance is a big concern, but pending corporate partnerships could make a significant difference in customer confidence. If ENCR is
successful in building value, the need greatly increases for management of the utmost integrity.