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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.
Has RH been going to work the last month? Hard to believe it has been a month!
.0085!
BAMBOOZLED
Main Entry: bam·boo·zle
Pronunciation: \bam-ˈbü-zəlFunction: transitive verb
Inflected Form(s): bam·boo·zled; bam·boo·zling \-ˈbüz-liŋ, -ˈbü-zə-Etymology: origin unknown
Date: 1703
1 : to deceive by underhanded methods : dupe, hoodwink
2 : to confuse, frustrate, or throw off thoroughly or completely <a quarterback bamboozled by an unexpected defense>
— bam·boo·zle·ment \-ˈbü-zəl-mənt\ noun
Frustrating, as we see another run on the financial stocks......
If it were not for longs holding, this would be in triple 000's....
How much longer will they (me) hold on?
To the Committee’s knowledge, there were currently approximately 250,000,000 shares of the
Company’s Common Stock outstanding, each entitled to one consent per share. Assuming that the
number of issued and outstanding shares remains 250,000,000 shares on the Record Date, the consent of
the holders of at least 125,000,001 shares of Common Stock would be necessary to effect Proposal 2 and
remove each existing member of the Board. If any stockholder consenting to Proposal 2 writes in the
name of any existing directors that such stockholder does not wish to be removed, then the total number
of shares represented by any such WHITE consent card will be subtracted from the total number of
shares consenting to the removal of such director pursuant to Proposal 2. In the event that holders of less
than 125,000,001 shares of Common Stock consent to the removal of any existing director, then such
director will not be removed pursuant to Proposal 2. The actual number of consents necessary to effect the
Proposals will depend on the facts as they exist on the Record Date.
CERTIFY THE VOTE!
Transparency. Accountability. Competency. It is Time for a True Change!
The ECT Recovery Committee has a plan to right the ship and put the Company back on course
towards transparency, accountability and competency.
.0085!
Is anyone looking at shareholder value?
Why would the votes have to be recounted? Is there suspicion of a rigged election?
There is nothing rigged about the vote. I am sure there may be shares that are not valid for what ever reason; however all we need is 125,000,001. RH is not accepting the vote count or the will of the shareholders. If he were, we would be at 25 cents or higher & perhaps Bruno is applying any finishing touches needed on the CRAM. If RH will not accept the simple vote count, than you must validate the vote count. Over 155 million votes were cast in favor of the proposal to remove RH. I think Delaware is where you start. I have full faith in the solicitation process.
WE ARE A PUBLIC COMPANY!
What is the next step?
Have the court decide in Delaware that yes, this was a legal vote, & he must listen to the shareholders. RH YOU ARE RUNNING A PUBLIC COMPANY! Would RH listen to the court in Delaware? Did you not see the case with skype?
http://news.yahoo.com/s/nm/20090912/bs_nm/us_joost_skype
Do we need to go to the court of chauncery (sic) in Delaware (sic) to validate the vote?
What do shareholders need to to? We voted, where are the results?
I think these questions would best be answered by the 5 amigos.
The 5 amigos have been muzzled. RH got the courts to take the website down. They have no way of communicating the course of action.
Someone already has...
1010 De Serigny, Suite 200
Longueuil, Québec, Canada J4K 5G7
Perhaps you could call and get re-acquainted?
1-877-484-6854
I have no problem talking to RH. In fact, I probably am the only shareholder who actually wrote to RH & explained why I was voting him out as CEO in late June. I said I had no hard feelings, but it was in the best interest for him to leave & have a new team come in & market the product.
RH ran out of money & made some horrible financial decisions. Who hasn't? However, when you are playing with shareholders money, you must be fiscally prudent.
The bottom line for shareholders is PPS. Look where we are at the moment, or the last 5 months.
Perhaps shareholders should call RH & tell him to do what's right. He is bankrupt. He needs to respect the vote & move on. He should, he has his wife & kids in his life to take care of.
I think all the shareholders should call EFFC & ask to speak with Raphael. Tell him to do the right thing & respect the votes of the shareholders. 1-877-484-6854
I am ready for a shareholders meeting! Anyone else?
This product should have been on the market on Jan 1, 2009. It is time to bring the BEAST from it's microsleeps episodes, & release the true potential. THIS IS AN UTTER WASTE OF TIME WHAT IS HAPPENING NOW!
AGAIN, SHAREHOLDERS, WE ARE A PUBLIC COMPANY! WE HAVE THE POWER!
If ect recovery team is in a daze & RH is trying to put food on the table & cover legal costs, the shareholders may have to make a move....
somebody has to make a move......
Anyway that is my 2 cents. It is Is has been a busy fall here with my family. 4 kids in school, 2 soccer girls, 1 football freshman, work, & the little one.......snow is coming...
BTW, re-seller ask your "sources" what Biocognisafe thinks of all of this...Are Luc & Dave enjoying the court cases? How's the testing of the SDS?
This has nothing to to with the CRAM....It is RH's (who was declared bankrupt) new company from the bankrupted company......ECN.....confused?
Any news on ECT? Are the votes being re-counted? What is the next step?
Do we need to go to the court of chauncery in Deleware to validate the vote?
What do shareholders need to to? We voted, where are the results?
Somebody has to make a move.....
Mike,
Did you make it up to court? That sounds like a very good play by play.......
What other players were sitting in this court today?
Yes, a very nice car....who is the CEO?
Does the ECT recovery team make the move?
What does all this mean for shareholders?
Can a person who is bankrupt run a company as the CEO?
IE, RH as the CEO of ECT?......
I posted that somebody needs to make a move....
Is anything being done in Delaware?
The votes are in, let's validate the votes & lets hold a shareholder meeting.....
or
lets keep RH in charge & have him bring the CRAM to the market...I think he was pretty close....
or
Let's get all parties together at the nearest Greek restaurant in Montreal, & mediate the differences (throw out all the egos) & work for the common good for shareholders (who have paid for the developement of the CRAM), & bring the CRAM into the worldwide market.....CHHHHHAAAAAAACCCCHHHHIIIIIIINNNNggggg
Any other suggestions?
What happens if the court declares RH is bankrupt through Guy Fauchers' petition?
Who is Raymond Chabot INC?
somebody has to make a move here.......
Another day, another legal action...
The landlord at 4575 Laurier, Gestion Famille Fortier Inc., is suing “Admin Services Inc.”, another one of Huppé’s companies. The initial hearing is scheduled on September 9th, the day before the hearings for Huppé’s personal bankruptcy.
What are you hearing about September 10th?
LOL...funny I feel that way......
When is the Shareholders Meeting? I think we all should get together!
http://www.montrealgazette.com/news/Tourtes+Bridge+partially+reopens+following+fatal+crash/1958249/story.html
Been across this bridge many times.....although the cause of this accident is not yet determined, you wonder if the driver had fallen asleep.....
RIP.....
I think I should call Luc...he is listed on the PR....formally introduce myself....is he a friendly guy to talk to?
The shareholders have done their part, what else are we waiting for? Shareholder meeting?
A significant amount of shares over the 125,000,001, or 63% of 250 million..OVER 150 MILLION VOTES In favor of the proposals.....
The ECT Recovery Committee has a plan to right the wrongs of the past, put the Company
back on course and bring the CRAM to market. To accomplish this we must first remove Mr.
Huppé from the Board of directors and as an officer of the Company. These are most basic principles
of our plan:
1. Transparency. We will prepare unaudited financial statements and share them with the
Company’s stockholders. The statements will be unaudited at first, due to the long deficiency in
the implementation of reliable accounting systems and procedures.
2. Initiate legal action. For the last two years, the Company was dominated by a single individual,
Raphael Huppé. For the sake of Effective Control Transport and its stockholders, Mr. Huppé
must be held accountable for his misdeeds.
3. Bring in bridge financing. We intend to procure the Company with the US $250,000 bridge
financing it needs to operate and continue to develop the CRAM until our plan is put to
stockholder vote.
4. [bInvest in CRAM testing and development. We plan to procure a sufficient number of devices
for field testing and Electroencephalogram (EEG) validation.
5. Convene a stockholder meeting. Within 90 days of the election of the director nominees, we
will convene a stockholder meeting where our plan for the future of the Company will be put to
stockholder vote and the director nominees will stand for reelection.
The Committee strongly believes it is in Effective Control Transport’s best interests to remove
Mr. Huppé from the Board, and reconstitute the Board with new Directors who will be accountable to the
stockholders. We have gone to great lengths to assemble a team of five director nominees who we
believe will make significant contributions to the future of Effective Control Transport, if elected. We are
seeking your support for the removal of Mr. Huppé from the Board of Directors and as an officer
of Effective Control Transport and the election of our five director nominees -- Guy J.C. Benoit,
Guy Faucher, Guy-Paul Gauthier, Gib de Medeiros and Mario Naim.
lol..busy looking for patents...thanks for the info....are the boys at BIO going public?
They have a new OEM strategy? What's that?
What does this mean for ECT? SDS vs CRAM....are they producing anything? At this point, I would say the 2 companies are about even....in terms of actually bring the product ot the market....Interesting that he PR'ed this at this time with the vote.....
Sep 02, 2009 14:28 ETThe European Patent Office Issues a Patent to Biocognisafe for the "Method for Generating an Indication of a Level of Vigilance of an Individual"
MONTREAL, QUEBEC--(Marketwire - Sept. 2, 2009) - Biocognisafe Canada Inc. is pleased to announce that the European Patent Office has granted a patent on July 29th 2009 for the company's "Method for Generating an Indication of a Level of Vigilance of an Individual" under patent number 1799106. The patent covers all the European Union 27 member states and 4 other countries.
"This patent will help Biocognisafe protect the technologies at the heart of its product, the SDSTM - Sleepiness Detection SystemTM and other new exiting products under development, especially in the light of our new OEM strategy" says David Caroni, president.
The SDSTM is a revolutionary product that indicates a level of vigilance of an individual by detecting hypovigilances and micro sleeps indications in drivers or machinery operators in all locations where their vigilance is essential to their personal safety and/or the safety of a population.
For more information, please contact
Biocognisafe Canada Inc.
Luc Giguere
Vice President Operations
514-636-6996 ext. 120
lgiguere@biocognisafe.com
http://www.marketwire.com/press-release/Vigil-Locating-Systems-Corporation-TSX-VENTURE-VIG-1006529.html
Jun 19, 2009 10:33 ETVigil Locating Systems Corporation Announces Advanced Negotiations With Three Groups to Revitalize its Operations
MONTREAL, QUEBEC--(Marketwire - June 19, 2009) - Vigil Locating Systems Corporation ("Vigil") (TSX VENTURE:VIG) is pleased to announce its current advanced negotiations with three groups of interest in order to create a leader in the field of monitoring the state of alertness of transportation equipment drivers (by land, sea and air). The transaction under consideration would result in a change of control of Vigil's shareholders.
The transaction can be summarized in three parts: (i) an asset purchase, payable in shares of Vigil; (ii) an exchange of shares to acquire a corporation specialized in marketing; and (iii) a settlement of debts with respect to certain creditors of corporations covered by this transaction. Said debts are payable in shares of Vigil. These three segments are collectively referred to as the "Transaction".
The first segment of the Transaction is a purchase of all assets of the corporation ECT Corp., which assets are related to the field of monitoring the state of alertness of transportation equipment drivers. ECT Corp. is a Canadian corporation, wholly owned subsidiary of an American corporation, Effective Control Transport, Inc. (OTC-Pink Sheets-EFFC).
The second segment of the Transaction is the payment in shares by Vigil of certain claims arising from the activities of ECT Corp. and Effective Control Transport, Inc.
The last segment of the Transaction is an exchange of shares with the shareholders of Axyomm Technologies Corporation, a Canadian corporation specializing in the development and marketing of equipment relating to the transportation field. This exchange of shares will allow Vigil to acquire 100% of Axyomm Technologies Corporation's shareholding.
These three agreements will form the Transaction by which Vigil intends to consolidate the market of mechanisms for monitoring the drivers' state of alertness.
The proposed Transaction between Vigil, Effective Control Transport, Inc., the shareholders of Axyomm Technologies Corporation and the various creditors involved will constitute an arm's length operation subject to a number of conditions precedent, namely, a complete due diligence of the stakeholders, a minimum private financing and the receipt of all requisite regulatory and corporate approvals, including that of the TSX Venture Exchange.
Vigil's objective for this Transaction is to add value for its shareholders while providing the corporation with a new position in the market. By providing a new team and a new range of products, Vigil's short-term mission will be to achieve the global marketing of monitoring applications for the state of alertness of drivers for various carriers, as well as developing related services.
The following elements have motivated Vigil's management to consider the Transaction, namely: (i) the significant market potential in North America for products acquired through the Transaction; (ii) the advanced commercialisation level of the products relating to motor carriers and the strategic development plan; and (iii) the support of a dynamic team motivated by the projects related to the Transaction.
Vigil's management intends to finalize its negotiations over the next few days and provide the market with its final results as soon as possible.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Vigil Locating Systems Corporation:
Michel Lesage
450-681-7744
or
Effective Control Transport, Inc.:
Raphael Huppe
514-940-7587
or
Axyomm Technologies Corporation:
Daniel Randoll
info@axyomm.com
Ask re-seller...he usually has the updates....he has taken over for maththemax....
It has been quiet.....
You got to wonder what RH & the ECT Recovery Team are doing....meanwhile you have somebody getting out this morning, somebody trying to get out now..as the ask has been flipping a few times...and the same thing yesterday as well...you can't really blame them for getting out...2 years, & we are in SUBS.........NO BUYERS..NO TAKERS.....
Right now, there is no interest in the stock...now that is real good for shareholder value...eh? So many lawsuits.....as the CRAM sleeps, so does our money...(anybody see WAMUQ on Monday).....
What can be done? What can shareholders do?
We are at a stalemate....somebody has to make a move soon....
That was Saturday morning...before football...right before my wife was going to let the little "cram Monster" out to walk around.....Sunday night the bear was back....standing by the swingset....missed it for the second shot as he ran to the woods....I think he likes the crabapple tree in the middle....
The BEAST in my backyard!
RELEASE THE BEAST!
no news here on the EFFC front.....
just settling into the new schedule...4 kids back to school, 2 in soccer, 1 playing football, 1 in 1st grade & "the Kam CRAM baby" hanging out with her mother at home... cooler early mornings, & lots of driving.....
Looking for lift-off, as the silence grows......
This has been a roller coaster ride & right now my stomach is tingling & I am screaming as I am heading down the 75 degree pitch, waiting for the ride back up to safety.......
Many valleys, little peaks in this saga...here is the trades for Feb 2008:
Date Open High Low Close Volume Chg %Chg Adj. Close
2/29/08 0.033 0.034 0.016 0.02 4,078,329 -0.014 -41.18% 0.02
2/28/08 0.035 0.035 0.03 0.034 85,000 0.00 0.00% 0.034
2/27/08 0.035 0.035 0.033 0.034 184,710 -0.001 -2.86% 0.034
2/26/08 0.029 0.04 0.0265 0.035 874,700 0.006 20.69% 0.035
2/25/08 0.045 0.05 0.026 0.029 978,500 -0.019 -39.58% 0.029
2/22/08 0.033 0.048 0.033 0.048 592,585 0.015 45.45% 0.048
2/21/08 0.021 0.035 0.021 0.033 1,625,834 0.012 57.14% 0.033
2/20/08 0.021 0.021 0.02 0.021 681,565 0.00 0.00% 0.021
2/19/08 0.022 0.022 0.018 0.021 1,108,200 0.001 5.00% 0.021
2/15/08 0.023 0.023 0.017 0.02 1,861,850 -0.003 -13.04% 0.02
2/14/08 0.03 0.03 0.023 0.023 1,980,842 -0.007 -23.33% 0.023
2/13/08 0.0335 0.0335 0.03 0.03 642,726 -0.004 -11.76% 0.03
2/12/08 0.04 0.04 0.03 0.034 265,800 0.00 0.00% 0.034
2/11/08 0.039 0.04 0.03 0.034 409,704 -0.006 -15.00% 0.034
2/8/08 0.035 0.04 0.03 0.04 614,727 0.009 29.03% 0.04
2/7/08 0.029 0.035 0.029 0.031 1,534,986 0.001 3.33% 0.031
2/6/08 0.03 0.031 0.028 0.03 1,099,895 0.002 7.14% 0.03
2/5/08 0.031 0.031 0.022 0.028 1,524,038 -0.002 -6.67% 0.028
2/4/08 0.035 0.035 0.03 0.03 331,166 -0.007 -18.92% 0.03
2/1/08 0.034 0.037 0.032 0.037 2,062,450 0.005 15.62% 0.037
Maico,
What does this mean?
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=effc
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=effc
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=effc
SEC Reporting Status(if you missed it) SEC REPORTING STATUS
De-Registered as of Oct 16, 2007
D E - R E G I S T E R E D
CIK
0001063937
Fiscal Year End
4/30
Posted by: Believer Fever Date: Wednesday, August 26, 2009 10:50:12 PM
In reply to: doogdilinger who wrote msg# 68265 Post # of 68324
It is hard to get a straight answer.....I cannot interpret your posts!
Registered
or
Un-registered
reseller went awol...maththemax...anything?
reseller should have an update........
our advantage?
shareholders?
Where is Bruno Farbos in all of this?
What's Biocognisafe thinking about this? More lawsuits?
lawsuits
court dates
register vs deregistered shares
shareholder vote to remove CEO, Raphael Huppe...
However, MOON potential with the CRAM......once the dust settles....
a) registered
b) De-registered
votre choix!
I cannot understand what he is saying....I am glad you do....
I dont think he wants to say his opinion 100% on the registered part....
If they are registered, where are all the filings? Don't have to file anything if your are registered with the SEC?
NEW RULES?
you are stealing re-sellers material (link)...I am just going through that now....
A: The "telefficiency" shares were de-registered in the 15-12G filing back then
B: While at the same time the SEC was informed via an 8K filing that the successor company(MOCCY/EFFC) became the official legally _ _ _ _ _ _ _ _ _ _ reporting entity displacing telefficiency & taking over this shell.
Should than we insert registered reporting company here? Why doesn't he say it?
rosebud,
I am just trying to get a hold of these posts & understand all this info....
Is it as simple as calling your broker & asking about your shares in the morning?
It is hard to get a straight answer.....I cannot interpret your posts!
Registered
or
Un-registered
?
LOL...I already gave you my interpretation of those 2 old filings back then & in my posts tonight believer.
LOL...A or B!
I am guessing than you believe they are registered shares & the longs who held & did not get out at the height pump in 2007, nor sold any on the run last summer, that their AZZ is GRAZZ & the 5 amigos committed a blunder....
I think Mike agrees now you can trade de-registered shares......just call your broker in the morning...
LOL....!! that is over 100 words...I need a TRANSLATION post! LOL.....
What say you?
a) registered
b) un-registered?
please, I am just asking your opinion...I don't know what you are saying....
Let's try this again...1 letter answer...
A or B ?
what say you?
So what is your opinion, register shares as EFFC? or as Rosebud states unregister?
What say you?
a) registered
b) un-registerd?
Please just post a 1 word answer....Just looking for your opinion....
just catching up with the posts....
Reseller kinda agrees now that these EFFC shares could be de-registered, than hence the 5 amigos did their homework....that is to say not having to register with the SEC....
Rosebud firmly attest that these shares have been deregistered since the name change....vote is valid, no need to register.....
Doog thinks they were registered when the 8k was filed.....hence the 5 amigos committed a blunder & the vote is invalid.....
Correct?....Lots of stuff to go through here....
MARKET MAKER SIGNALS
Penny traders believe that Market Makers (MM) will "signal" moves in advance buy using small amounts of buys or sells as "signals". The "signals" are such a small amount of shares (worth no more than 5 or 10 dollars) that no trader would have paid a commission that costs more than the amount of shares bought. The "signals" are from one MM to another.
100 I need shares.
200 I need shares badly,but do not take the stock down.
300 Take the price down so I can load shares
400 Keep trading it sideways.
500 Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.
Remember this is a theory put forth by a lot of penny stock traders. This is not a guaranteed trading method so please use common sense and purchase stocks only after researching your investment thoroughly.