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scared money never wins......
Thanks Rosebud...maybe Christmas comes early.....we shall see...I do trust the 5 Amigos to do the right thing....
Hence, I buy a few more next week at these "blue light special" @.008.....JBG do you have any Fun money to throw at this?
rosebud,
It would appear the selling has subsided.....I may dabble next week & get a few shares......
I am feeling a bit better concerning our investment. It again will be interesting here in the next few weeks....
With a positive outcome in Delaware, Perhaps shareholders can breath a bit easier...maybe it runs...?
What are you thoughts concerning the case in Delaware? I know Doog thinks no matter what happens, we shareholders are left with nothing but an empty shell...your thoughts?
yes thanks reseller...a little late on the "tweets"....Nader a no-show?
Greetings from Mookieville,,,,,,
An honest 5 Amigos, Bruno on the project, a court ruling in our favor....this stock will run....on speculation.....If you miss the bottom, you could miss the run....
I think it creeps up as we head into November...LONGS still keeping the faith!
Does it go lower? .005? Not sure....seller? That is why you risk what you cannot afford to lose.....
yep! I remember the story of them being prudent & saving money by driving down to Burlington VT to catch a flight to see the DOT in the summer of 2007...uuuhh..uummmm..Martin Walker.......
I also remember the sales guy Stephen Temple....
Bruno is fed up. He got caught in this web twice now.....but sometimes Bruno has better days......I think he respects Gib...
lol..lots of info out there......
Doog, just put $5000.00 grand down...roll the dice...:)....gets you about 625k shares.....
Is he back with Biocognifsafe?
Any "tweets" today from the courthouse?
UH oh..you got Bruno on a bad day?
Actually, I am hearing some good things are happening in the background.....
How many porsches are you buying this Christmas? 2?
perhaps, but we are in the real court now...not the wild wild west montreal courts......
Not sure why you think either way we are doomed....I would say something like maintaining the status quo..& VOID VOID VOID....on the RS, AS, Axyomm....
You have to keep an optimistic perspective as shareholders in this story...we do have a product, & many people beleive it can revolutionize the market place.....RH dug himself in a deep financial mess....& by raising the A/S & R/S without our approval...
-
10/28/09 0.008 0.008 0.007 0.007 88,700 -0.001 -12.50% 0.007
10/27/09 0.0082 0.0084 0.008 0.008 438,989 0.00 0.00% 0.008
10/26/09 0.0083 0.0089 0.008 0.008 1,178,300 0.00 0.00% 0.008
10/23/09 0.01 0.01 0.007 0.008 1,583,130 0.00 0.00% 0.008
10/22/09 0.013 0.013 0.008 0.008 2,295,400 -0.005 -38.46% 0.008
10/21/09 0.0145 0.0145 0.013 0.013 358,000 -0.0015 -10.34% 0.013
10/20/09 0.015 0.0169 0.014 0.0145 853,260 -0.0018 -11.04% 0.0145
10/19/09 0.014 0.018 0.0135 0.0163 834,000 0.0028 20.74% 0.0163
10/16/09 0.0175 0.0178 0.0135 0.0135 1,285,782 -0.0035 -20.59% 0.0135
10/15/09 0.0169 0.0175 0.0169 0.017 247,500 0.0028 19.72% 0.017
10/14/09 0.015 0.0179 0.014 0.0142 558,066 0.0002 1.43% 0.0142
10/13/09 0.0169 0.0169 0.014 0.014 32,500 -0.0029 -17.16% 0.014
10/12/09 0.016 0.0169 0.016 0.0169 112,880 0.0024 16.55% 0.0169
10/9/09 0.0179 0.0179 0.0145 0.0145 159,000 -0.0035 -19.44% 0.0145
10/8/09 0.016 0.018 0.016 0.018 221,250 0.003 20.00% 0.018
10/7/09 0.013 0.016 0.013 0.015 465,259 0.003 25.00% 0.015
10/6/09 0.0121 0.0121 0.012 0.012 150,000 -0.0001 -0.83% 0.012
10/5/09 0.0169 0.0169 0.012 0.0121 313,400 -0.0048 -28.40% 0.0121
on 10/05 the AS was raised without shareholder consent...the selling of shares escalated (called dilution)...that works well for S/H value....
10/19 Papers filed in Delaware....some more selling....
10/28 88,700 shares traded....I think RH got the message.....
I would not expect massive selling in the next few weeks as the Court of Chancery goes in motion....in fact, I could see the pps creeping up in the penny range again.....
My point being is the court battle HAS BEGUN in DELEWARE, as welcomed by the 5 amigosback in August....it has taken a few months to get this going....
TO: the Shareholders of Effective Control Transport, Inc.
Dear Shareholders,
The Committee is pleased to announce that as of August 18, 2009 it delivered written consents to Effective Control Transport, Inc. (the “Company”) representing in excess of 63% of the outstanding shares of capital stock of the Company. As a result, the proposals for, inter alia, the removal of the current board of directors and the election of 5 new director nominees (Guy J.C. Benoit, Guy Faucher, Guy-Paul Gauthier, Gib de Medeiros and Mario Naim) have become effective.
In relation to a public statement released today by Mr. Huppé, the Committee wishes to correct the facts as follows:
1. On July 9, 2009 Mr. Huppé obtained an ex parte interlocutory injunction preventing certain director nominees from among other things publishing defamatory material. The motion to obtain this injunction was based on allegations such as: “ECN Holding is majority shareholder of Effective Control Transport, Inc.” We have yet to contest the interlocutory injunction and no final judgment has been rendered by the Superior court of Quebec (rather than “of Canada”).
2. The interlocutory injunction in no way affects or purports to affect the consent solicitation process or, as Mr. Huppé labels it, “the attempt to take control of the Corporation”.
3. The Committee is not aware that any proceedings have been commenced in the Delaware Court of Chancery for validation /invalidation of the election. The Committee would welcome these proceedings.
4. According to Delaware law, the shareholder action is effective when written consents representing not less than a majority of the outstanding common stock are delivered upon the Corporation. As a result, Mr. Huppé has been removed from the Board effective August 17, 2009.
The Committee will issue a press release as soon as possible.
Contact :
ECT Recovery Committee
ectfriends@gmail.com
This statement contains forward-looking statements that are based on the Committee's assumptions, expectations and projections. These include statements regarding our expectations regarding the outcome of litigation and legal proceedings. Such forward-looking statements by their nature involve a degree of risk and uncertainty. The Committee cautions that a variety of factors could cause future events to differ materially from what is contained in forward-looking statements. Most of these factors are difficult to predict accurately and are generally beyond our control. You should consider the areas of risk described above in connection with any forward-looking statements that may be made by us.
I guess it has begun....!
I will be a buyer again!
Has the injuction be lifted in Quebec? Can the 5 Amigos speak publically?
What was going on in he cockpit? Update on the Northwest flight........
A CRAM that works might have helped in this situation.....
http://www.foxnews.com/story/0,2933,569378,00.html
If proceedings have been filed in Deleware, that is good news for the shareholders. THE RS & AS admendments can be reversed. The sooner action is taken, the better for shareholders.
Hermon! Hermon! Hermon!
DEC 2008, the CRAM was supposed to be all done & we would be well on our way!......
ZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz!
RH has wasted money, spent above his means, & thus we are in the predicament that we are at at this junction......
He has not respected the shareholders vote & has wasted away our money on his court cases. ON 9/21 he told me once again, don't worry, the shareholders have nothing to worry about...OH REALLY? That was 1 week after after he Illegally filed the papers for an RS. One week after 09/28 he Illegally raised the A/S.
Were these amendments duly adopted by the written consent of shareholders Raphael?
We need Lee Iaocco......
Claude Lemay said this was a dollar stock......remember that in 2007?
Sleepy Sleepy Northwest? So so much potential here as we are mired in this mess........
http://news.bbc.co.uk/2/hi/americas/8321748.stm
http://www.time.com/time/nation/article/0,8599,1932040,00.html
ok, let me try to help Yves with this....Yves, I spoke with you at the PR meeting on 09/28/2009...you seem like a straight shooter....btw....that would be a week after RH filed the papers for the RS......
Just got off phone with Yves Cournoyer…
We spoke for a little less than 30minutes. Take it for what you paid for it. I did my best to take accurate notes and the following is based upon those notes.
• The A/S was raised by Raphael
He was able to do this because he has over 51% of the shares. I didn’t ask how that was possible considering the voting results-wrong! Yves we voted this summer..over 157 million votes....now the shareholders only needed 125 million plus 1..take away argo shares, (did you ever hear of them?)...take away Bruno's shares + any questionable shares...(we still should have a majority)...lets just see what happens in the court of Chancery..I guess something was filed....
• There was a possibility of a reverse split earlier in the year. That option will not be exercised in the near future. I have heard talk of an RS...makes no sense...HOWEVER he needs shareholder consent to do this....I am trying to find out if the document that was amended said that there was shareholder consent....if RH checked yes on shareholder consent than he was lying...no shareholder received any notice on these filings...
• The A/S was raised so that they can bring in new investors to pay for the final development of the CRAM, make payroll, and to pay for the legal defense against the 5 friends (ECT defense has already cost more than 300k) Yves-You have PR'ed that the product is ready. You have PR'ed that the company is in great financial shape. Robert Transport will not speak for ECT because the product is not 100% ready...The raising the A/S has diluted my value twice now..that STINKS to Shareholders...we had a 150 million increase just a year ago..same excuses different year...RH is wasting money & devauling MY investment
• Michel Nader is in negotiations with the investors of Axyomm so they can reach a mutually beneficial deal. (I may be mistaken but I believe he was mentioned another or additional distributer)--Really another sour deal? Argo?
• As far has he knows our Michel Nader is not the one who is bankrupt (He did say that he is not involved in anyone’s personal life) Yves who is this guy & why did he show up in cour looking for 2 million dollars? Any sense of what we call in the states a RED FLAG?
• Yves is 54 and built a reputation that he wouldn’t want to tarnish by being connected with a scam-Yves, you told me the same thing. Granted it took me 2 years. Shareholders want value, not excuses. When the Inventor leaves the company, MY red flag went up. RH is good. He always had some truth to the next excuse. How many contracts are signed? RH is not running a SCAM. He just can't get it done. Time to move on. New Blood is needed Any word on MAGNA? What about Air Liquide? YVES, wake up..the PPS is subs.....
• I asked about Raphael’s no show at court. Yves is not involved and has no knowledge of Raphael or any other person’s personal affairs. Although when I told him about an arrent warrant is RH doesn't show up next week he kind of chucked and said something along the lines of "I guess he'll show up then."
The day he suspects wrongdoing is the day he quits-Yves that day is coming. Check up on Deleware law. When the vote is certified, everything RH is doing now is Illegal. The funny thing is RH doesn't think he is doing anything wrong. RH is this a dollar stock? With 600 million shares coming down the pike, me thinks we are headed in the wrong direction...
• He has a CRAM in his car and it works
CRAM is still being tweaked in minor ways to meet customers’ requests-Yves, has it been road tested vigoriously? Why does the leading trucking in Quebec think it does not work? Why is the yellow going on? Is it really because you are sleepy?
• I asked about Michel Nader’s loan of ~ 2.1million and he was not familiar with it as it was a personal loan and not a loan to ECT-Yves again who is RH associating with? Who is the next guy to come forward? You know when I was up visiting, I was with JS & Sebastian. I was asking about Bruno/Gib/Domenic/Mario..you know the mass exit...JS said he did not get invloved..RH handled the front of the office...Hmmmm...
• I asked if any potential customers had brought up the legal issues and he said no. New potential customers just ask about the CRAM, does it work/how it works, pricing. Yves-those customers should do a little more DD...send them a link to this message board....What happened to Shaw? LOI's? THERE IS NOT ONE CONTRACT HERE!
• There are about 20-25 employees of ECT at the moment. +/- is because they have contracted out some work and hire specialists as needed Yves-that is how it started with Bruno..not really needed...Who will be the next one to leave?
• A company contacted him personally b/c their lawyers saw the media blitz and told him to call regarding the CRAM… Since the presentation phones have been ringing off the hook..Great...SALES? No money to produce..oh ok. lets bring the PPS to .001...BTH, 2 years ago there were a ton of big contacts....1.4 BILLION in fact! (did you miss that PR?)
• The key is increasing the install base. Big buyers won’t think about the CRAM until it’s been installed in many more vehicles-Yves big buyers won't touch this thing. They will have done there DD.
Here is a of the PR's from recent History, um..written by you...seems like you are singing a different tone from your conversation with Hermon.....:
ECT: DISTINGUISHED BY EXCLUSIVE PROVEN TECHNOLOGY
AND FINANCIAL SOUNDNESS
Montreal, July 15, 2009 – The shareholders of Effective Control Transport (OTC-Pink Sheets-EFFC) are asked to immediately take note of the following:
In recent days, shareholders of Effective Control Transport have been urged to intervene, entrusting the corporation’s management to a group of individuals, most of whom had previously been employed by Effective Control Transport. To this end, these individuals have been disseminating erroneous information on the financial and commercial soundness of the firm. oh really just do an RS & add 350 million shares? FALSE!
These individuals, who were either dismissed or had resigned from their jobs in the spring of 2009, have also made slanderous comments with regards to the Effective Control Transport company and Mr. Raphaël Huppé.
In order to protect the interests of Effective Control Transport and its shareholders, Effective Control Transport obtained an injunction from the Superior Court, District of Montreal, ordering the shutdown of the website on which the aforementioned defamatory comments were found as well as a court order to cease disseminating information of this nature via any medium whatsoever. Thanks for the protection! WOW Love that A/S @ 600 million
Contrary to information being spread, the technology developed by Effective Control Transport has been perfected and is already being marketed. What? We are not ready?
CRAM: Proven technology
Following several years of research and development, the CRAM technology developed by Effective Control Transport has now been implemented by several transport companies. Recently, in fact, the firm successfully completed the final validation step, in collaboration with Groupe Robert, one of the largest overland carriers in Quebec, which has been using prototypes since July 2008. Other major overland carriers have also indicated their interest in implementing this technology in the near future. FALSE! Robert will not put this in there rigs!
An experienced and competent management team- no comment
Effective Control Transport boasts a strong, competent and experienced team. It has the expertise required to ensure the marketing of CRAM technology, and in fact, has already started to do so, in keeping with the development plan adopted by the firm. again no comment
A financially sound corporation- Oh really? That explains the AS & RS amendments
Monies invested in the research and development of the CRAM technology have borne fruit and the company now has the financial means to ensure the marketing of this technology. -WHEW! See above remarks FALSE!
Nice share structure in September of 2007!
Share Structure
A/S 100 million
O/S 51,340,841 as of Sept 4th 2007
24 million free trading shares and 26 million restricted shares
Delaware Sec of State:
(302) 739-3073 ~ ex #8 ~ File #4129056
ok, just caught up on the posts...will be back with "late night with believer fevers thoughts & recap of todays events"....later this evening...OH CANADA!
Headline in the GLobe & Mail,
"Montreal Reputation as the rottenest city on the Continent..and the Quebecers know what that is all about....
SAVE THE SHAREHOLDERS! SAVE THE BEAST!
More Info...DELEWARE I think is the place....Tina is chatty...
To be honest, I think most of the longs would welcome a HALT to the stock, until these matters are rectified. This should have been done last summer with the vote.....
You are now chatting with 'Jefre'
Jefre: Hi bf
bf: hi
bf: did you get my question?
Jefre: Tina is away from her desk, but I can transfer you to another Division of Corporation operator who can help.
Please wait while I transfer this chat to the best suited site operator.
You are now chatting with 'Pearlina' with the Delaware Division of Corporations Information Center.
Pearlina: Hi bf, let me see where Tina is....
bf: ok
Pearlina: bf, please hold for the transfer, thank you.....
Please wait while I transfer the chat to 'Tina'.
You are now chatting with 'Tina' with the Delaware Division of Corporations Information Center.
Tina: hello
bf: hi
bf: another question
bf: on the ademendents
Tina: ok
Tina: You are going to have to request copies of these documents to view this information.
bf: does it say anything on the documents about getting shareholder approval before these are to take place?
Tina: I am sorry...we can not view these docs. you would need to request copies of the docs
bf: ok. no other way?
Tina: That is correct........there is no other way.
bf: If he has done this without our approval, than this is an illegal transaction
Tina: We are an administrative office only and do not police the filing
bf: who can I contact about this?
Tina: You would have to seek legal council after you get the docs if there is something in question about its legalality.
bf: In deleware?
Tina: A Delaware Corporate Attorney or Accountant.
Tina: Yes since it pertains to delaware laws
bf: last question
Tina: ok
bf: if it is illegal, can this be reversed?
Tina: A certificate of correction or amendment can be filed.
bf: tina, when was this supposed to take place? Can you say?
Tina: When was what suposed to take place?
bf: the AS increase & the RS
Tina: one moment
bf: thanks Tina, I appreciate your time
Tina: The last amendment was filed 10/05/09
bf: that was for the A/S..is that the effective date?
Tina: 10/05/09
bf: What about the R/S effective date?
Tina: 09/21/09
Tina: These were the same dates we talked about earlier
bf: ok, thank you. again thanks for your time. Have a good weekend.
Tina: You are welcome.
Tina: You have a great weekend also.
Tina: Is there anything else I can assist you with today?
bf: I think I am good. My fear is the CEO did this without any shareholder consent. I never received anything to vote or was ask about an A/S or R/S. My understanding of the laws in Deleware is he needs our consent. No shareholder that I know gave any consent to these admendments
bf: so you can see where i am coming from...
bf: you still here?
Tina: yes
Tina: one moment
Tina: I see what you are saying.
Tina: you may have to seek legal council
bf: & remember in our previous chat. I had mentione that we voted him out this summer with a majority of votes & he never respected the vote of the shareholders....
bf: I will see what other shareholders want to do & options
Tina: yes i remember
Tina: ok
bf: thanks Tina, you have been very helpful!
Tina: you welcome
bf: again, have a GREAT weeknd!
Tina: You also
Tina: Thank you for contacting us online
Routing your chat request to a Delaware.gov operator. You are person 1 of 1 waiting to be served. A representative will be with you shortly. Important: Please do not provide sensitive information (such as social security numbers, etc.) while chatting.
You are now chatting with 'Jefre'
Jefre: Hi BF
BF: hi
BF: did you get my question?
Jefre: Tina is away from her desk, but I can transfer you to another Division of Corporation operator who can help.
Please wait while I transfer this chat to the best suited site operator.
You are now chatting with 'Pearlina' with the Delaware Division of Corporations Information Center.
Pearlina: Hi Rob, let me see where Tina is....
BF: ok
following up on some questions....will report back....more people need to be doing this.....
We all should be on the same page now...
reseller,
you let us down...you usually bring us the news..:(
no idea.....09/21 2 filings RS
10/05 A/S raised to 600 million
Somebody else please call deleware to verify as well.....check on the dates......
302-739-6901 was the number that Tina called me on my cell phone..gotta run for a bit......
I am about to puke.....I have 5 kids to get through college....
I asked here what i could do...she said she could do nothing...she said to call the AG in Deleware...
I think other people should call Deleware & make sure this information is correct...I mean, I know the A/S was raised..I saw that online....but what actually is going on with the R/S....you talk about a double whammy?????
I did not ask about if the filing was illegal....do the live chat with somebody....my understanding of all of this back to MAY was he cannot raise the A/S without our approval....& now comes an R/S??????
Find the live chat box on this...that is a good question...let us know what you find.....
Filing for an RS on 09/21, but yet my shares are the same....i guess that is good news????
WHERE ARE THE 5 AMIGOS?
It was kind confusing talking to her,,,but she said it was amended from 5 to 12 or something...I THINK EVERY LONG should either get on the phone to DELEWARE or file a complaint to the SEC:
https://tts.sec.gov/acts-ics/do/complaint
http://www.corp.delaware.gov/aboutagency.shtml
THIS IS UNBELIEVEABLE!
You are now chatting with 'Tina' with the Delaware Division of Corporations Information Center.
Tina: Hello, Please hold as I review your question.
BF: thanks
BF: Tina
BF: I am a shareholder here. We voted the CEO out this past summer. He is not abiding by deleware law. He cannot move the A/S without a shareholder vote or consent. Nonetheless, he should not even be running the company since a majority of shareholders voted to remove Raphael Huppe out as CEO. He has gone rogue. I need to know how to see the documents which were filed on 09/21 & 10/05
Tina: The last 3 docs are a certificate of amendment, Correction, amendment, and amendment
BF: how can I see what was filed or get the actual document?
Tina: You can use our Certification sheet to request plain or certified copies of the 2 documents
Tina: Here is a link in the form
Tina: http://corp.delaware.gov/certmemo.pdf
BF: is it free?
BF: I paid $20.00 last night, & I saw the filings, but I could not see the actual documents
Tina: Requests for copies of the docs have fees to request.
BF: how much are the fees? I need to see what was filed with my company
Tina: The status does not allow you to review the status
Tina: do you want plain or certffied????
BF: just plain
BF: can they be emailed to me?
Tina: Do not use our certification Certificate of ammendment.
BF: ?
Tina: sorry about email for certification of amendment email
BF: I dont understand
Tina: what is you phone# so that I may call you?
BF: xxx-xxx-xxxx
Tina: thank you one moment
BF: ok
NOT GOOD NEWS!
She called me immediately, & here it was I was told.....
Tina said on 09/21 a RS was put forward at 5-1
09/21 it was amended to 12-1
10/05 AS was raised to 600 million
AN RS split and AS increase?????
IS THIS FOR REAL???? My shares are the same in my accounts....
SOS
What can shareholders do????
he probably held the majority of shares....when he did that...
It is illegal without shareholder vote or consent!
Routing your chat request to a Delaware.gov operator. You are person 1 of 1 waiting to be served. A representative will be with you shortly. Important: Please do not provide sensitive information (such as social security numbers, etc.) while chatting.
You are now chatting with 'Jeffrey'
Jeffrey: Hi. Let me transfer you to the Division of Corporations.
Please wait while I transfer this chat to the best suited site operator.
live chat with deleware now......
I am going to try the online function to chat with deleware...
souvlaki...
can anybody get a copy of those documents that were filed? I am assuming one was to raise the A/S illegally....Can you pay for them?
reseller on you on this?
The Stock should be halted, or the ECT friends should file something..he cannot do this...this is ILLEGAL!
ECT FRIENDS ARE YOU ALIVE? Are you reading this board?...We took your consent, we did our part, & look what happened!
HE was voted out!
ROSEBUD call your lawyer!
It requires our approval!