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could something be happening with their website
Yes something might happen. Like a formal bankruptcy filing. This company is worthless.
1.8 mil shares - more today than for the whole year I think - maybe something about to finally happen with this one
3 month chart shows some volume coming back into this one-maybe some news on the way
Just realized that we passed the 1-yr anniversary of The Big Lie!
Happy anniversary to all EGTK shareholders, especially management!
still under construction, uugghh http://ampusa.com/
Finally seems as though the Fat Lady, after being tortured lo these many years, is singing. I hope that EGTK management lives their remaining years under a bridge. Well done, guys.
I'm still here living the dream lol more like a nightmare. I no longer own shares of this smoldering turd but I'm watching closely to see if they come through with yet another lie. Good to hear from you hope all is well
Yeah this will be my tax write-off for next year if they cant pull the rabbit out of the hat and pull of the merger this year... might as well ride it out till then I guess, aint gonna get much of anything for our shares now anyway lol
Haha - Wouldn't be surprised if this is the merciful end, as everything this outfit touches turns to sh!t, including my investment. Good luck.
Their new site http://www.ampusa.com is now under construction. I do not know if this is the beginning of something or beginning of the end with these guys lol
Hey Jpick, you still out there? I have tried to contact the "new" investors info email several times and of course got no response. Is this BS company still in business? What became of the "merger?" Just another one of EGTK's lies? Any info you may have, I'd appreciate. Hope all's well w/ you.
Agreed, cant blame people for dumping their shares here,
Seems the positive news has the usual negative effect on share price. My two cents, no pun intended.
You are Welcome Sir. Just reporting those changes.
But had a quick look at the latest Filings too...
This here is really something to think about if long in this Stock , imo:
Thanks for the detail, been a long quiet time here, not sure how this all plays out with share structure/price, but it seems positive things happening,
Company Name change filed with the NVSOS
New Name: AMERICAN MOBILE POWER INC. (as outlined in the last PR already)
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=3SYWc0QH%252bDOtyBNVLsNDCg%253d%253d&nt7=0
New Co Webpage: http://ampusa.com/ (was mentioned already)
So they're back to removing posts they don't like on this board. Must be a bunch of Democrats running the place. lol
This is about to pop huge accumulation .05 break and run
.05 break and this runs hard
100k volume today
It won't take much volume to push and test for a squeeze here. I'm thinking we could be in for some excitement as volume is picking up every day here.
Go EGTK
Rec
Energtek Signs Agreement for Acquisition of HOP Energy for a cash purchase price of $65 million dollars
HOP Energy Holdings to be acquired by Energtek subject to certain closing conditions
HOP services about 80,000 customers
Anticipated closing during the fourth quarter of 2016
As of the closing, the combined group will be renamed American Mobile Power Inc.
NEW YORK, Sept. 21, 2016 /PRNewswire/ -- Energtek Inc. (OTC: EGTK) ("Energtek"), a frontrunner in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today that it has entered into an agreement and plan of merger with HOP Energy Holdings, Inc. ("HOP") pursuant to which Energtek will acquire HOP for a cash purchase price of $65 million dollars. HOP is among the largest full service energy companies in the Northeast, serving about 80,000 commercial and residential customers, and presents an enviable platform from which Energtek plans to deploy its leading mobile natural gas technology in order to further its strategic goal of making natural gas available to previously unserved areas at affordable prices.
The merger, which is subject to customary closing conditions, is anticipated to be completed during the fourth quarter of 2016. As of the closing, the combined group will be renamed American Mobile Power, Inc.
Yoav Krill, Chief Executive Officer of Energtek commented, "We are acquiring a leading energy distributor on the East Coast, with thousands of clients, sizeable revenues, profits and an experienced management team. The execution of the merger agreement is the product of months of negotiations and hard work by all involved. I wish to thank the HOP owners and management for their leadership and cooperation."
Energtek's Executive Vice Chairman, Marshall Cogan, whose initiative was crucial in bringing about the deal, explained: "Our effort is directed toward revitalizing the company's strategy and turning Energtek into a substantial player in the market of mobile energy, supplying affordable energy to households and small to medium businesses. The synergies that we expect to achieve by this acquisition will enable us to play a significant role in product diversification to suppliers and consumers, with considerable improvements to the margins of this industry."
Michael Anton, President and Chief Executive Officer of HOP, added, "Joining forces with Energtek in a combined company will enable us to reaffirm our dedication to taking care our many customers, whether residential or commercial. We shall strive to increase our size and resources to meet their needs on a day-to-day basis as well as in emergency situations. We also look forward to expanding the range of our services, and to be able to add natural gas to the current mix of heating oil, liquid fuels and propane."
About Energtek
Energtek (EGTK) develops and applies innovative mobile energy transportation solutions for small, mid-size and large industrial, residential and agricultural consumers and fleets of small vehicles. Energtek offers cost-effective natural gas delivery solutions based on unique pipe-less technologies and products. Energtek's solutions allow consumers who are not connected to a pipeline to take advantage of natural gas: an inexpensive, environmentally-friendly and safe hydrocarbon energy source. Energtek's solutions enable monetization of natural gas resources where no infrastructure exists, enabling a one-stop-shop for mobile pipe-less natural gas supply: capturing, storage, transport and delivery of natural gas from the source to industrial, commercial, residential and NGV customers. To learn more about Energtek, view our website: www.energtek.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of Energtek and its technologies, including statements regarding the expected closing of the transaction described in this release, the synergies the parties expect to realize, and the performance of the combined company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions. In evaluating such statements, prospective investors should review carefully various risks and uncertainties, partially identified in this release, and other matters set forth in Energtek's filings. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.
Contacts:
Investor Relations
+1-(212)9996202
IR@energtek.com
SOURCE Energtek Inc.
Related Links
http://www.energtek.com
Etrf nite and cdel stacking at .049 it's about to pop
If it happens this will be worth .50+ easy
Judging by the price action someone has been accumulating a lot of shares
NITE and ETRF bidding now. Bid moved up too! Slow and steady :)
Go EGTK
Rec
Don't count your chickens, LL8. As JPick and other long-suffering shareholders can attest, EGTK has promised the moon over the years and delivered nothing but sand in our eyes. Maybe this time will be different, but don't make any bets on it.
That's if it happens EGTK has a history of letting investors down but we shall see
.0495's were taken out and the bid moved up. Climbing slowly but surely.
Go EGTK
Rec
EGTK officially on watch here...took a starter position today.
I watched the bid move up (NITE) several times today as shares were bought at the ask.
Let's see if we can put some pressure on NITE at .0495. It looks pretty clear to the .08's once .051 gets taken out.
Rec
.0495 falling trading 3 times the average volume
Volume coming in
Starting buying this is gonna be huge
Reading that news this could be huge
this is a few dollars stock if it goes through. hop energy is a big deal in the northeast.
If they get it done
It's awesome
That it does!! Maybe they will come through this time
Market says differently. Go EGTK!
Sounds like some more BS from EGTK I highly doubt it will even happen
yeah looks like hop is reversing into egtk maybe?
A small fish just swallowed a bigger fish. How is EGTK paying for this? No volume on this news?
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Energtek provides proprietary solutions to meet the technical, economical and logistical challenges of Natural Gas (NG) Bulk Transportation delivery to industrial, transportation and other NG bulk consumers. Energtek also has proprietary solutions for providing NG to small vehicles worldwide, with a major focus on the 2- and 3-wheel vehicles market.
Energtek, Inc.11 East 44th. Street
Suite 1900
New York, NY 10017
Phone: (212) 999-6202
FAx: (212) 208-4344
Email: energtekoffice@energtek.com
Website: http://www.energtek.com/
Energtek Signs Agreement for Acquisition of HOP Energy For A Cash Purchase Price Of $65 Million Dollars
HOP Energy Holdings to be acquired by Energtek subject to certain closing conditions
HOP services about 80,000 customers
Anticipated closing during the fourth quarter of 2016
As of the closing, the combined group will be renamed American Mobile Power Inc.
NEW YORK, Sept. 21, 2016 /PRNewswire/ -- Energtek Inc. (OTC: EGTK) ("Energtek"), a frontrunner in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today that it has entered into an agreement and plan of merger with HOP Energy Holdings, Inc. ("HOP") pursuant to which Energtek will acquire HOP for a cash purchase price of $65 million dollars. HOP is among the largest full service energy companies in the Northeast, serving about 80,000 commercial and residential customers, and presents an enviable platform from which Energtek plans to deploy its leading mobile natural gas technology in order to further its strategic goal of making natural gas available to previously unserved areas at affordable prices.
The merger, which is subject to customary closing conditions, is anticipated to be completed during the fourth quarter of 2016. As of the closing, the combined group will be renamed American Mobile Power, Inc.
Yoav Krill, Chief Executive Officer of Energtek commented, "We are acquiring a leading energy distributor on the East Coast, with thousands of clients, sizeable revenues, profits and an experienced management team. The execution of the merger agreement is the product of months of negotiations and hard work by all involved. I wish to thank the HOP owners and management for their leadership and cooperation."
Energtek's Executive Vice Chairman, Marshall Cogan, whose initiative was crucial in bringing about the deal, explained: "Our effort is directed toward revitalizing the company's strategy and turning Energtek into a substantial player in the market of mobile energy, supplying affordable energy to households and small to medium businesses. The synergies that we expect to achieve by this acquisition will enable us to play a significant role in product diversification to suppliers and consumers, with considerable improvements to the margins of this industry."
Michael Anton, President and Chief Executive Officer of HOP, added, "Joining forces with Energtek in a combined company will enable us to reaffirm our dedication to taking care our many customers, whether residential or commercial. We shall strive to increase our size and resources to meet their needs on a day-to-day basis as well as in emergency situations. We also look forward to expanding the range of our services, and to be able to add natural gas to the current mix of heating oil, liquid fuels and propane."
About Energtek
Energtek (EGTK) develops and applies innovative mobile energy transportation solutions for small, mid-size and large industrial, residential and agricultural consumers and fleets of small vehicles. Energtek offers cost-effective natural gas delivery solutions based on unique pipe-less technologies and products. Energtek's solutions allow consumers who are not connected to a pipeline to take advantage of natural gas: an inexpensive, environmentally-friendly and safe hydrocarbon energy source. Energtek's solutions enable monetization of natural gas resources where no infrastructure exists, enabling a one-stop-shop for mobile pipe-less natural gas supply: capturing, storage, transport and delivery of natural gas from the source to industrial, commercial, residential and NGV customers. To learn more about Energtek, view our website: www.energtek.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of Energtek and its technologies, including statements regarding the expected closing of the transaction described in this release, the synergies the parties expect to realize, and the performance of the combined company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions. In evaluating such statements, prospective investors should review carefully various risks and uncertainties, partially identified in this release, and other matters set forth in Energtek's filings. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.
Contacts:
Investor Relations
+1-(212)9996202
IR@energtek.com
SOURCE Energtek Inc.
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