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Energy & Engine Technology Corporation (fka EENT) RSS Feed

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Created
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Energy and Engine Technology Corp. EENT

135m O/S

65m Float

5308 West Plano Parkway
75093
United States

135 million O/S, insiders own a good chunk, so it looks like a float of 65 million shares.

PRINCIPAL STOCKHOLDERS: December 31, 2007, Kevin W. Smyth owned or controlled 17.9% of the Common, Willard G. McAndrew, III 9.3%, Roger N. Wurtele 9.2%, and Jolie G. Kahn 6.0%.

Plus add the 10% that Mercator Momentum Fund, L.P. owns, and you'll see that 52.4% of the shares are owned by insiders.

135,000,000 - 52.4% = 65,000,000

This also makes it easy for a R/M candidate to take over by buying out the insiders, and thus not having to reverse split.

Looks like Mercator Momentum Fund is buying this shell up. According to the 2 latest SC 13/A's they filed for 2006 and 2007. In 2006 they owned 8,735,837 or 6.2 % and the 2007 SC 13 says they owned 15,053,300 or 10%! From what I see they had a CD with EENT before it went out of business, so it looks like they are buying this shell to get a controlling interest. Might explain the 2 spikes over the last 3 weeks. Keeping an eye on this one, only 135 million O/S of which Mercator owns at least 15 million so the float is no greater than 65 million

 

http://www.secinfo.com/d12TC3.t8Du.htm



Disclosure Category
No Information
State Of Incorporation
NV
Jurisdiction Of Incorporation
USA
Company Officers
Willard G. McAndrew III, CEO, President
Roger N. Wurtele, CFO , Secretary

SEC Reporting Status
SEC Reporting Company
CIK
0001121811
Estimated Market Cap
40,689 as of May 7, 2008
Outstanding Shares
135,630,972 as of Nov 11, 2005
Company Notes
Note=12-1-06 company in default with the Secretary of State of the State of Nevada
Formerly=Bidder Communications, Inc. until 12-01
Transfer Agent
Signature Stock Transfer, Inc.
2301 Ohio Drive
Plano, TX 75093

 

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