Eurotech, Ltd. (EUOT)

[nodummy]

Did you notice that the same person that owns all of the debt in PTEL also owns all of the debt in EUOT

http://www.otcmarkets.com/financialReportViewer?symbol=EUOTD&id=57853






Flash Funding, Inc which is a Florida business entity controlled by Joseph Ciccarelli

http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P10000103675&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=FLASHFUNDING&names_filing_type=

Weird how Ciccarelli shows up immediately after Tony Dibiase takes over the PTEL shell and suddenly owns all of the past debt Notes for that company and Ciccarelli shows up here after long time partner of Richard and Tony Dibiase, Andrew Muzii, takes over and suddenly owns $1,750,000 in long term debt in EUOT.

Long term debt means it can be converted into free trading shares.

Since EUOTD hasn't done a financial filing since 2003 and has done no company disclosure filing there is nothing to legitimize the debt Note.


How does Joseph Ciccarelli tie in to the Dibiase family?

He is also a long time associate of Richard Dibiase:

http://www.corporationwiki.com/Florida/Longwood/joseph-ciccarelli/66639655.aspx

The two of them are officers together in two Florida business entities:

JCRD MANAGEMENT CORPORATION

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P11000022578&inq_came_from=OFFFWD&cor_web_names_seq_number=0001&names_name_ind=P&ret_names_cor_number=&ret_cor_web_names_seq_number=&ret_names_name_ind=&ret_names_comp_name=&ret_names_filing_type=&ret_cor_web_princ_seq=&ret_princ_comp_name=CICCARELLIJOSEPH&ret_princ_type=

JR INVESTMENT HOLDINGS LLC

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L11000021225&inq_came_from=OFFFWD&cor_web_names_seq_number=0002&names_name_ind=P&ret_names_cor_number=&ret_cor_web_names_seq_number=&ret_names_name_ind=&ret_names_comp_name=&ret_names_filing_type=&ret_cor_web_princ_seq=&ret_princ_comp_name=CICCARELLIJOSEPH&ret_princ_type=


cute how they use their initials JC and RD, J and R


Think there is any kind of kickbacks being arranged by Joseph Cicarelli being given control of the long term debts of both PTEL and EUOT?

This is how PTEL has used the debt Note so far:

On April 6, 2011 Flash Funding, Inc. converted $25,000 of the debt purchased as outlined in the Debt Purchase Agreement into 2,000,000 shares of Pegasus Tel. Common stock. The market price of the stock was .08 which resulted in a finance charge of $160,000.

On May 2, 2011 Flash Funding, Inc. converted $2,000 of the debt purchased as outlined in the Debt Purchase Agreement into 2,000,000 shares of Pegasus Tel. Common Stock. The market price of the stock was .07 on that day resulting in a finance charge of $140,000.

But in reality PTEL was trading at $2.00/share on April 6th so those 2,000,000 shares were valued at $4,000,000. By the time those 2,000,000 shares were finished being sold the stock price was down to $.08/share.

So Richard Dibiase's buddy, Joseph Cicarelli, got $4,140,000 worth of stock for $27,000 worth of debts and the super discounted debt conversions haven't stopped. PTEL continued to sink from $.07 on May 2nd to $.0002/share today.

That's called a dilution scam.


EUOT was trading at $.001/share before the debt Note conversions started here.

It took very little time to get this stock down to $.0001/share - special thanks to a 803,000,000 volume day (mostly all dumping) that crushed the stock sending it to no bid for the first time on October 12th.


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I knew that Muzii was a long time associate of Dibiase and that filmrookie was the original name of music matrix from past research found here:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65259446

Before there was musicmatrix.com there was filmrookie.com

filmrookie.com was created in February of 2008 as a social network and video streaming/download site. The site began being built in December of 2008. Some of the original pre-launch members included Ricky Dibiase, Kimberlini DiBiase, Anthony Dibiase, Eric Kafrawy, Bruce Bardes, David Locicero, and Andrew Muzii.

Rick and Anthony Dibiase everybody knows as the former CEOs of ENTI. And current CEO (Anthony) of PTEL.

Try the wayback time machine on the filmrookie.com website:

http://wayback.archive.org/web/20080715000000*/http://www.filmrookie.com

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In February of 2009, Eric Kafrawy made a post on the young entrepreneur forum seeking funding for filmrookie.com

http://www.youngentrepreneur.com/forum/f23-looking-for-capital-biz-partners/new-social-network-video-audio-streaming-and-dowload-site-looking-for-1st-round-investment-funds-41788.html

FilmRookie.com is looking for investors for its first round of funding. The initial round will be set at $250,000. The funds will be used for two purposes, one to maintain the backend hardware, and two to fund a comprehensive advertising campaign. The funds will be split 25% for hardware/infrastructure, and 75% for advertising the site itself to attract users. Investor money will be kept in an escrow account, which will only be allowed to be used on a list of approved vendors. All investors will have this information in their investor agreement.

So take a look, register for free, and see how much of the site is completed. The site is officially going to be live on or before 3/1/2009


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Mean while, in June of 2009, Joseph Meuse (famous shell hijacker) hijacked the vacated Encounter.com Inc Colorado business entity. Encounter.com Inc (ENCR) hadn't done an SEC filing since 2001 and hadn't done any filings with the state of Colorado since 2007.

http://www.sos.state.co.us/biz/ViewImage.do?fileId=20091334184&masterFileId=19871676075

Meuse must have assigned Dennis J. Hinton as the CEO of the shell. Hinton immediately terminated the stocks registration with the SEC filing a Form 15 on July 10, 2009 preparing it to be taken over by a willing buyer.


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Some time between August 1, 2009 and November 18, 2009 the shell got passed on to Richard and Anthony Dibiase with Richard Dibiase taking the initial role as CEO.

Also some time around September or October of 2009 filmrookie.com changed its name to music matrix and started redirecting to musicmatrix.com.


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musicmatrix.com (which was originally filmrookie.com) then got passed to ENTI and then to PTEL from there. And now the reincarnated filmrookie is being used as the carrot for this shell for this shell's dilution scam.

I guess what I didn't realize until now is that EUOT is so closely tied to the Dibiase group of companies by sharing the same debt Note holder, the same original website, even copying the forward split tactic to lock up the shareholders so that insiders could revive their no bid stock to dump hundreds of millions of new shares into the market at much higher prices.

This will no doubt play out the same way. A month from now when the original shareholders finally get their shares unlocked after inexcusable delays by the company to supply the necessary parties with the information needed to allow the forward split to be completed this stock will be trading back down almost to where it was before the D was added on ($.0001/share).

ENTI used the forward split tactic to issue hundreds of millions of new shares into the float during the 4 week stall tactic.

EUOT will probably do the same.

It sure does seem like Christopher Davies might be in the background here since he has been the legal counsel to 3 other non-SEC reporting shells that have done similar tiny forward splits to lock up the shareholders to support the continuation of dilution schemes including ENTI.

If an attorney letter ever gets filed for this company I'd be willing to bet it will have Christopher Davies name on it.