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they ran away with all the assets--if any----why share with a sh.holder????---------tmonkey
ETLT could have filed their delinquent Fins to stave off revocation . They chose not to .
Buggers !!
How nice. That's the price you pay for buying a Chinese stock plus a Pinkie.
ETLT : Revoked : link :
http://www.sec.gov/litigation/admin/2011/34-64064.pdf
iBox archive
Location
Sect. D, 5/F
Block A. Innotech Tower
235 Nanjing Rd, Heping District
Tianjin 300052
China
Contact
Phone: 011-86-22-2721-7020
Website
www.eternaltechs.com
Estimated Market Cap
$22,526,698 USD as of Apr 9, 2008
Outstanding Shares
47,929,145 as of Dec 31, 2007
CIK
0001096662
IR
Heron Public Relations Group Inc.
Annie Shi, 281-683-2395
info@heronpublic.com
Transfer Agent
OTC Stock Transfer, Inc.,
231 E. 2100 South
P.O. Box 65665
Salt Lake City, UT 84165
Formerly Waterford Sterling Corp. until 12-02
Profile
Eternal Technologies Group, Inc., through its subsidiaries, engages in the manufacture and distribution of agricultural genetics and medical equipment in the People's Republic of China. It focuses on the development and application of animal husbandry techniques to produce improved food products. The company also engages in the development, manufacturing, and marketing of medical equipment and technologies used in the detection and prevention of breast cancer in humans. In addition, it offers a range of livestock breeding products and services, including sale of embryos, artificial insemination and embryo transplant services, and related products and services for livestock operators. Further, Eternal Technologies engages in commercial turtle farming, as well as processes and sells mutton. Its medical equipment operations include manufacture, development, and sale of a medical device, Three-operator Mammary Gland Detecting System, which is used to examine persons and detect early stage breast cancer. Eternal Technologies was founded in 2000 and is based in Tianjin, the People's Republic of China.
Officers
Mr. Jian Sheng Wei, 55
Chief Exec. Officer, Pres, Chief Operating Officer
Ms. Zheng Shen, 40
Chief Financial Officer
Mr. Yuguo Chang, 39
Assistant to Chairman
Mr. Yang Chunrui,
Chief Accounting Officer
Ms. Rui Zhai, 40
Sec.
Clarification of the Western Securities Release
Wednesday December 5, 10:24 am ET
Counsel for Eternal Technologies Group Stated Company Does Not Have Sufficient Assets in the United States to Post Bond to Stay Enforcement of Writ of Execution and Asset Seizure
HOUSTON, TX--(MARKET WIRE)--Dec 5, 2007 -- Counsel for Eternal Technologies Group, Inc. (OTC BB:ETLT.OB - News) has stated to Western Securities Corporation that ETLT does not have sufficient assets in the U.S. to post a supersedeas bond in the amount of the judgment as required to stay the enforcement of the writ of execution and the seizure of ETLT assets. A final judgment of $732,290 was rendered in favor of Western Securities Corporation in the U.S. District Court of the Southern District of Texas, Civil Action Number H-O5-02504 on October 31, 2007.
ETLT has recently announced its intention to spin-off its E-SEA subsidiary to its shareholders. The stock of this wholly owned subsidiary, as well as any other assets of ETLT, are subject to seizure until a bond is posted.
The stock may seized to satisfy the judgment and the shares will be held or sold while the appeal proceeds in lieu of ETLT not being able to post a supersedeas bond. Until the judgment is satisfied, ETLT can not open a facility or conduct any operations in the United States. All of its assets will be immediately subject to seizure and any funds will be subject to garnishment until the judgment has been satisfied.
Contact:
Contact:
Western Securities Corporation
(504) 737-3854
---
Ownership:
Major holder 8.8% - Sansar
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5726306
News
http://finance.yahoo.com/q/h?s=ETLT.OB
2005 Annual Report - Ammended Apr-08
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5857348
2006 Annual Report
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5089727
2007 Annual Report
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5840933
Share price
King Capital Investment Group
http://kingcapital.tripod.com
Trading Suspensions: 34-63806 Feb. 1, 2011 Eternal Technologies Group, Inc.
http://www.sec.gov/litigation/suspensions/2011/34-63806.pdf
See also Order
http://www.sec.gov/litigation/suspensions/2011/34-63806-o.pdf
ETLT Has been suspended...
http://www.sec.gov/litigation/suspensions/2011/34-63806.pdf
imo this is history and you might as well throw your 2cents in a wishing well-----------much better chances there-----------------------tmonkey
my best guess is no---stock is still trading so some people think so----------------------tmonkey
Is ETLT still alive? That is the question!
.50 on the ask----what a joke!!!! come and get em boys---this one over and they conned alot of people---myself included--------------------tmonkey
has anybody out there heard ANYTHING??-------------tmonkey
just checking in----anybody know if james and group are having any luck recovering funds w help of western i assume?-----------------------------sure cant unload any volume these days----------------------tmonkey
Pretty much a gone. No trading for how long????? IMO
faded and gone
Doesn't look like any trading for a whie for this stock???? IMO
Will they ever file again or just go pink and slowly fade to nothing?
Too many companies like this one...IMO
wow it is quiet here---even mod jumped ship-----if you are still in this it will be hard to get out now until something gets resolved---if that happens----this one should make us better traders in the future, if one has to find a silver lining..they can lie cheat and get away with it---i got taken too, but got out for good in time----for thos of you left GL-----tmonkey
This one is probably DOA stock until further notice...IMO
where did everybody go?---i guess everybody got out with that last co news----now it looks like an uphill battle for those left--my guess is with no news from either side that the co has been gutted and left to disappear in time---all imo----maybe it was a scam as claimed by others from the beginning and wu found an excuse to end it all----all imo---tmonkey
read the last message from co on website----assets may have all been taken by co.i reallly never thought that they would get away with it but it looks like they did it----
i threw in the towel today with my last shares--big loss--its all too fishy with co and reciever mute... it will probably rocket up now---i will follow closly--and when wu is GONE, WITH ALL OF HIS CRONIES-i will be the first to get back in albit at a higher price, but with the peace of mind that it is an investment and not a circus---best of luck to all of you---tmonkey
So did mine. But the only email address available is to their IR Heronpublic and they are no longer in business. So naturally an email to them would bounce. ETLT's website doesn't show an email address for just the company.
Anybody know why Heron went out of business?
Its just the MM's working it IMO, very similar to other BK plays I have been in before!
why is this so weak---i think someone knows something we commoners arent privvy to imo
I'm with ya, accumulate the dips for now!
wu- the chairman has vowed to run with all the assets and the receiver has to save as much as possible--this is my take on the whole mess as of today---no news anywhere from receiver or co. this isnt good----no answers to email---bad---i still think they can salvage something but the more time that goes i think it will be less and less as wu has more time to hide assets ALL-- IMO------tmonkey
My email to the company bounced.
Re: "Considering the strength of the company as a whole "
After reading the info on the Website, I'm concerned about the company's future; does it have a future?
I emailed the Company regarding this issue.
Could someone enlighten me on the present status and appraisal of the future?
TIA TA_Sleuth
Shareholder
Screw a PR, I want to see an 8k with all the details and stating everything about the company has not changed and no shares were issued to satisfy the judgment. That will get me to buy more shares and nothing short of that.
So now we wait.
this is not moving and i cant see under .04 even if they retain only some of the reported assets---must be better than vegas---maybe everybody is so broke going into 09 that even 4 cents is rich---
Yes, once the Co releases a PR stating such it will be fun!
if all this is happening, the stock should be alot higher----something has to give----no word from jordan or co..IF they have worked it out this should move big time----
Panic, since the release of ETLT from receivership has taken place, would one be correct to surmise that ETLT has paid the judgment in cash and the four items listed have occurred?...
Subject to payment of the judgment and court awarded legal fees, Western's settlement offer will provide:
1. General Release of any future litigation.
2. Agreement to petition the Special Receiver to reduce the fines and
costs for contempt.
3. Agreement for the removal of the "Q" on ETLT's symbol.
4. Agreement to request to the Special Receiver for release of all assets
under his control, including the return to Treasury of the newly
issued shares.
I agree. They are posing ETLT at the parent but filed the consolidated reports as parent plus subsidiaries. Why they chose to file financials for just the parent at the end of the Q with no explanation has me wondering.
Considering the strength of the company as a whole I think it is a moot point what the strength of the parent individually is. Maybe it does have something to do with Western Securities but I don't think it will make any difference. They will have to pay the judgement and that is that. $735K should just be drop in the bucket for them so I don't see what the problem is.
They need to release an 8K to let us know what gives.
Thanks for the initial heads-up yesterday LT.
And thanks for the updated chart, Panic
Scov
Me too & less risky, I have 3 Atrade accounts, 1 regular & 2 IZONE
That is why i prefer TDAmeritrade....they are much better than the other local brokers out there.
congrats! mine are still with "Q"
My shares transferred Immediatly w/Atrade!
Nice, I think this will make some very big moves soon!