DD Support Board and Research Team

[nodummy]

MGRN/AVOP/ENTI - are Christopher Davies connected companies exploiting the system?

The 1.03 for 1 forward split.

This has become a very popular stock execution in recent weeks by companies that use Christopher Davies as their legal counsel.

MGRN, AVOP, and ENTI all use Christopher Davies as their legal counsel.

All three companies have recently executed 1.03 for 1 forward splits.


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It started with ENTI back in April:

http://ih.advfn.com/p.php?pid=nmona&article=47452517

Encounter Technologies, Inc. (ENTI.PK), a Company specializing in social media, video technology and on-line streaming solutions, announces that today, Thursday, April 28, 2011, is the last day to purchase ENTI shares to be on record and eligible for the forward stock split. Shareholders of record at the close of business today will benefit from the 1.033 for 1 forward split. Per FINRA as received by the Company on Wednesday, April 27, 2011, "This corporate action will take effect at the open of business on Friday, April 29, 2011

http://www.otcmarkets.com/stock/ENTI/company-info

Capital Change=shs increased by 31 for 30 split, payable upon surrender.. Pay date=04/29/2011

Immediately following the execution date of 4/29/11 for the 1.03 for 1 forward split ENTI briefly jumped up over $.01/share from the $.0008/share it was trading at immediately before the split. Not the type of action you'd expect coming off of a forward split (even one so small) especially from a company with over 10 billion outstanding shares at the time of the split.

ENTI has since tanked all the way down to $.0001/share.


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Next came AVOP earlier this month

http://ih.advfn.com/p.php?pid=nmona&article=48395571

AV1 Group, Inc. (Pink Sheets: AVOP), a Company currently gearing up for Microlending and Pawn Shop operations in Mexico, announces today that it has received final confirmation from FINRA that the effective date of the 1.03 for 1 forward stock split, referenced in last Thursday’s press release, will be Tuesday July 12, 2011

http://www.otcmarkets.com/stock/AVOPD/company-info

Capital Change=shs increased by 1.03 for 1 split, payable upon surrender.. Pay date=07/12/2011

Immediately following the execution date of 7/12/11 for the 1.03 for 1 forward split AVOP jumped up to $.008/share from the $.0001/share it was trading at before the split. Not the type of action you'd expect coming off of a forward split (even one so small) especially from a company with over 5 billion outstanding shares at the time of the split.

AVOP has since dropped down to $.0021/share


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And today there is MGRN

http://www.knobias.com/story.htm?eid=3.1.33a4f28457cd6ccebb394c28282cd806ab82a7faeb299cf77021f68e466f1e2e

NEW YORK--(BUSINESS WIRE)-- Monogram Energy, Inc./Marquis Tech Holdings, Inc. (Pink Sheets: MGRN), announces today that it has received final confirmation from FINRA that the effective date of the 1.03 for 1 forward stock split, referenced in last Wednesday's press release, will be Tuesday July 19, 2011.

http://www.otcmarkets.com/stock/MGRND/company-info

Capital Change=Stk. Div.=3%, payable upon surrender.. Pay date=07/19/2011

Immediately following the 1.03 for 1 forward split MGRN jumped up as high as $.015/share from the $.0001/share it was trading at before the split. Not the type of action you'd expect coming off of a forward split (even one so small) especially from a company with around 6.5 billion outstanding shares at the time of the split.

MGRN has already gone back down to $.0004/share and is still dropping


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So what is the point of the tiny almost insignificant 1.03 for 1 forward split? It sure helps cause a lot of confusion in the share price immediately following the split. Is this confusion the reason why it has become such a common split among companies that use Christopher Davies as their legal counsel? Will another Christopher Davies connected company try to use this 1.03 for 1 forward split to manipulate their share price in the near future as well?