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Does any one have a link or any information that BioConversions International actually is an operating company?
I can't find any mention other then articles involving Encore.
Solar cycle equals a year
Good Point.
It has has always been my personal opinion that the low stock price at this time is is being controlled by management.
As in any mystery novel the murderer is the one with the motive.
Buy back shares, buy back share, buy back shares this is all the company has been saying for the last 6 months. What benefits the company more, buying back at high prices or low prices? How much has the company saved buying under 2 cents compared to buying over 5 cents.
I submit that this stock short term is being manipulated, and the evidence supports that it is being done by the company.
Long term hold.
Every day turn on Yes Network, see spongetech.
Listen to Mike Francesa on WFAN hear spongetech.
Turn on SNY NY see spongetech.
What ever is happening with shares all I know is that money is being poured in to promoting the company not someones pocket.
This is FACT
FFF to answer your question.
Because, if you read this and other boards the investors of SPNG are concerned on the number of outstanding shares and are already well informed on their products.
Been following this CEO for many years.
Just be careful.
Check out his record.
A lot of empty promises, spin offs that never occurred, made up sales, heavy dilution.
Do your DD.
Ok , lets say this is a shell game.
They will have to sell 200,000,000 shares to net 1,000,000 dollars in stock selling. They are spending way over that amount in advertising.
What is their end game?
For months every one has been worried about stock scam vs NSS.
Let's take a moment and lets just look at the FACTS that we are aware of.
The company is spending large sums of money on advertising, if there is any dilution happening here it is being reinvested in to the company not for the personal gains of insiders.
The market is in the crapper, investment money is almost impossible to come by, and not just here but the entire world.
Every time the company has made an announcement, on new products release, product available in stores or projected sales they have made good.
Show me a better penny stock.
From my conversation with PS, he left me with the impression that after the company restructures the current shareholders would retain their position.
He also thinks the company will not only survive but also be successful with their filter line once they can get certain cash problems behind them.
The man may be blowing smoke, I don't know, but as Yogi once said "it ain't over til it's over".
BK is coming, but PS still thinks company will survive after, he believes the future for the company is in the filters.
Per conversation 10/08.
What a shame, if only that oil tanker had a few mapsands on it.
Maybe, someone should send the owners of that ship a video on Mapsand.
Flaflyersfan
INMO I think management is not trying to sell stock so much as trying to sell the company.
Michael, has made to many definite public statements that later could be used against him if this was a stock scam.
Even though the sites he speaks on provide disclaimers for themselves, the information he states on these shows is public record and he liable for.
We know by the amount of advertising, that if they are selling stock the money is not going into their pockets but directly in to the company.
Good trading
Pros and Cons
Pros
Real products that work (Product of year at last year car show)
Heavy advertising, mail, newspapers, radio, and TV.
Advertising directly with companies that I have to believe do some background check to allow them to associate their name with
(New York Yankees, Mets, Knicks, Red Sox, Rangers and Nascar).
Have to believe Viacon did some DD before signing and releasing a contract to the public. Viacom has got to believe that SPNG can deliver, and is able to provide a product that will not tarnish Viacom image. As they say, you can alway buy more advertisement but having a world recognized image (Sponge bob) PRICELESS.
All those small time investors that have sampled SPNG products have reported back strong positive feedback that the products do what they say they will do and were satisfied with them.
Sales not limited to US markets. Currently selling in other parts of the world.
A GREEN product in a world that is GREEN conscious.
Not a one hit wonder, many many markets in which to succeed.
Cons
Management constant news with little change of stock price give the impression of a pump and dump.
25,000,000 shares trading a day is around $100,000 dollars changing hands. Not real heavy trading.
Gag order of TA reduces confidence in management.
World market in recession, investment money is hard to come by.
Not afraid to spend spend spend money on advertising.
"SpongeTech®'s take on the lovable sea-dweller from Bikini Bottom will be available at mass market retail, drug, convenience, and specialty stores, online and e-tailers beginning third quarter 2009"
Remember 3rd quarter 2009 for spongetech is Jan - March 09.
Things should be heating up very soon.
Getting a little antsy, 2 months left in the year, 3 companies are supposed to be listed before end of year.
Looking for these events to occur to confirm a true company.
So far still only hype.
Lurker
Please show me where you get your 900 million number from.
Market cap 17.53 mill price .033 outstanding shares 531,212,213
10q states company has the right to issues 950 mill, I can't find any where it states they done so.
Michael address share count about 4 interviews ago stating that after all the buy backs there should be 50 mill in the float.
Thanks
I believe that the fate of USGA has already been determine.
Remember when Mike found the pre presentation by "Defense Matrix" offering mapsand on the web.
I believe this company has already been divided up, and the insiders have a set plan on who ends up with what.
A bankrupt company can file Chapter 11 of the Bankruptcy Code to "reorganize" its business. According to the SEC, if a business files Chapter 11, "Management continues to run the day-to-day business operations but all significant business decisions must be approved by a bankruptcy court."
During Chapter 11 bankruptcy, the U.S. Trustee, the bankruptcy arm of the Justice Department, will appoint one or more committees to represent the interests of creditors and stockholders. The committee works with the company to develop a plan of reorganization to get out of debt. The plan must be accepted by the creditors, bondholders, and stockholders, and confirmed by the court. Once the plan is confirmed, a more detailed report must be filed with the SEC on Form 8-K.
The trustee may ask stockholders to send back the company's stock in exchange for new shares in the reorganized company. These new shares may be fewer in number and worth less. Stockholders will also stop receiving dividends. Under Chapter 11 reorganization, the company will explain investors' rights and what investors can expect to receive, if anything, from the company.
Well only 4 months to go, let hope they can deliver on their promises.
But you know something this has not occurred yet. Check with any EVGI shareholder.
Encore Energy Announces Merger With Peak Entertainment and Planned Name Change
OXFORD, Miss., July 12, 2007 (PRIME NEWSWIRE) -- Encore Energy (Pink Sheets:PKEH), a rapidly growing diversified energy company, is pleased to announce it has merged with Peak Entertainment. The merger will combine the two companies in their entirely with the surviving company being Peak Entertainment. The merger calls for Peak stockholders to own in aggregate 40% of the Common stock post-merger. This number of shares will be approximately 1,830,967. Encore Energy stockholders will represent 60% of the post-merger shares -- approximately 2,746,450 shares. The total number of post-merger shares issued and outstanding will be approximately 4,577,417. No reverse-split, forward-split or other type of recapitalization of the company's shares is planned or presently contemplated.
Dividend number three:
Encore Energy Systems Announces Details for $2,000,000 Stock Dividend as Part of Planned Merger With BioConversions
Thursday August 14, 11:51 am ET
OXFORD, Miss., Aug. 14 /PRNewswire-FirstCall/ -- Encore Energy Systems (Pink Sheets: ENCS - News) released today the details its stock dividend.
Upon merging with BioConversions International, all record-date stockholders and all EGVI stockholders will receive, pro rata, $2,000,000 in Convertible Preferred Stock. The Preferred Stock may be converted into Common Stock annually. The Conversion feature will expire in 5 years.
This dividend is in addition to the previously declared cash dividend whereby all royalty income from the Company's patents will be distributed directly to stockholders.
The Company has executed a Letter of Intent to merge with BioConversions International. BioConversions reports over $17,000,000 in projected sales with net earnings of approximately 12%. Encore will continue as a subsidiary. The Directors and Officers of Encore will resign.
Dividend number two:
Encore Energy Systems Announces Stockholder Cash Dividend and Royalty Distribution Plan
Thursday June 26, 10:44 am ET
OXFORD, Miss., June 26 /PRNewswire-FirstCall/ -- Encore Energy Systems (Pink Sheets: ENCS - News) announced today its plan to pay cash dividends to stockholders as part of its efforts to provide equity growth.
As previously announced, the Company executed various royalty-based License Agreements for its geothermal technology. All revenue received from these Agreements will be direct-deposited, in full, to a Shareholder Escrow Account. The cash will be distributed to all record-date stockholders on an annual basis, pro rata.
Prospective stockholders who purchase shares after the record-date are not eligible for this dividend. They will qualify, alongside all stockholders, for dividends arising from future technology license agreements. The record-date, with all details of the cash-dividend plan and royalty schedule details will be released soon.
As part of it new growth initiatives, the company expects to announce significant additions to its technologies, products and industry initiatives. These include: new technology and product solutions in the areas of power co-generation, new corporate awareness and image branding, and new alliances and marketing to tap the growing power generation and displacement industry. These new strategies allow the company to access high-margin, high-margin projects in vertical design and installation of power generation and conservation installations.
All new technologies will be similarly treated with stockholder cash-dividend escrow plans. Revenue generated from other sources will be allocated when practicable for stockholder distribution.
The Company is presently in late-stage negotiations on new and broader license agreements and anticipates releasing details soon.
The Company's strategy is to provide stockholders a positive equity growth path removed from the influences of stock market volatility and operational performance. The Company believes the direct distribution of royalty and technology proceeds to stockholders congruent with this goal.
About Encore Energy
If you own this stock you are going to be rich.
Dividend number one:
BRIGHTON, Mich., March 12 /PRNewswire-FirstCall/ -- Encore Energy Systems
(Pink Sheets: ENCS) announced today it will be acquired by Modern Technology
Corp (Pink Sheets: MODC).
The terms include an offer to existing Encore shareholders of not less
than $0.01 (One Cent) per share paid in a combination of MODC Common Stock or
MODC Convertible Preferred Stock at the stockholders' option. Stockholders are
not required to sell any shares and will not lose their ownership interest in
Encore.
The acquisition of Encore intends to facilitate investment for growth and
build shareholder equity in preparation for a subsequent spin-off or sale of
Encore.
MODC intends to further build Encore's operations, revenue, shareholder
equity, and increase the distribution of its grey-water patent and related
systems.
Encore and MODC are actively communicating with various potential merger
partners to increase stockholder equity through a revenue and asset enhancing
business combination. The companies will release updates on the planned
business combination soon.
Encore Energy or Energy Vision International Stockholders who wish to
redeem their stock or have further questions must email their stockholder
information to shares@encoreenergyinc.com
About Encore Energy
Encore Energy owns the patents for the use of grey-water, and domestic
water in heat exchanger systems. They also provide all forms of conventional
geothermal heat exchange systems. See video at www.encoreenergyinc.com.
About Modern Technology Corp
Modern Technology Corp is a specialized holding company focusing on the
purchase of convertible debt instruments and majority control of public
companies for execution of a 'turn-around' strategy and subsequent spin-off.
The company's web address is: www.moderntechnologycorp.com
Little concern over the wording of last couple of PRs.
"The three clients, Wenda Education Group, Yewo Group and HuanWai Pharmaceutical are scheduled to become public companies in the United States in the near future. "
What happen to in 2008, near future can be 09, 10 etc.
LAMPASAS
E-mail me drugmanrx@yahoo.com
qqmed,
The point I was trying to make, was that there had to be more to SEC ruling then a slap on the wrist. I know of no other circumstance where ragginbull has flat out said (to me) the USGA board will never be allow to reopen.
Do you know of any other board they done this to?
I only report to the boards what Gruber told me himself. The Board of Directors would not allow him to send out PR. His words not mind "until sign contracts in hand."
I am only trying to give a possible explanation why the lack of public information from this company is forth coming.
Remember most of their business has to do with security and military applications. Maybe their are trying to reestablish creditability by not saying anything that could be used against them. What the first thing an lawyer tell their client, "don't say anything"
If Preston gets a hold of PS, maybe he can ask him about it.
Or maybe they are just keeping a low profile until after the lawsuit, trying not to tip off TIAX of the companies progress with All Clear.
I did not like the way the first part of the suit went. I take it as a loss. Who know what rewards will be given to TIAX, maybe All Clear.
I know you been have a long time to, I know you are biting at the bit for some sight of life from this company.
I just think that pressure for information should only be applied to in house sources.
Drug
PS
qqmed, you might be right I be the first to omit I don't know.
But, I got to believe all those insiders own a heck of a lot more stock then you and me and I got to believe that they are not happy where the price of this stock is. If they had something to say that would boast the position I am sure that they wouldn't hesitate to announce it.
qqmed; Another point concerning the excuse, whatever USGA did, it was bad enough that to this day ragginbull will not allow a USGA board.
qqmed: A question for you.
Say, 5 years ago you got a DWI, the judge tells you that if you even get a DUI in the future you're going to jail.
Are you going to still use a designated driver while out drinking, or do you think it was an old excuse and you can do what you want without fear of punishment?
Hey, I been here a long time, i am just as frustrated with the company as you.
Drug
W A Calahan,
Been a shareholder a long time here, I just don't see where Preston is saying crap. I used to have Gruber's ear a few years back. He told me out right that the Board of Directors were running scared after the SEC hand slapping and ordered him not to post any PR unless they had sign contracts.
I do believe Preston is talking to PS. I also believe that PS is not going to give him much information.
Preston has posted PS contact information in the past for all those shareholders who might want to try and contact him.
If you have proof that Preston has never talked to PS PLEASE share that with us.
Let me give you a quote by a wise long time shareholder
"WHERE HAS EVERYONE GONE ? No posts to this board since June - - - have all of you gone on vacation, or just sold all your shares ?
W A Calahan"
Hey, whether you believe what he post or not, it really doesn't matter. When something really happens we will know. But at least Preston gives the board something to talk about.
Best of luck
Drug
Wacalahan,
I don't know about you, but I have money invested here. What keeps me here is hope that some day they will sell a couple of their little toys.
If Preston or anybody wants to keep in contact with someone from USGA you should praise him not condemn him.
From my pass conversations with management of this company, nothing will be forward to the shareholders unless it is a signed finished deal. They are too gun shy of the SEC, this is directly from Carl Gruber during his reign as CEO.
I for one appreciate the efforts of Preston, Mike and others if nothing else letting me know that my investment is not completely dead.
If you don't care, what they have to say why read these boards, just sit back and wait for a PR.
When was the last PR, what 2 years ago.
Drug
Hey, at least with EBIG you will know by year end whether or not they will be able to deliver their promises.
History:
BRIGHTON, Mich., March 12 /PRNewswire-FirstCall/ -- Encore Energy Systems
(Pink Sheets: ENCS) announced today it will be acquired by Modern Technology
Corp (Pink Sheets: MODC).
The terms include an offer to existing Encore shareholders of not less
than $0.01 (One Cent) per share paid in a combination of MODC Common Stock or
MODC Convertible Preferred Stock at the stockholders' option. Stockholders are
not required to sell any shares and will not lose their ownership interest in
Encore.
The acquisition of Encore intends to facilitate investment for growth and
build shareholder equity in preparation for a subsequent spin-off or sale of
Encore.
MODC intends to further build Encore's operations, revenue, shareholder
equity, and increase the distribution of its grey-water patent and related
systems.
Encore and MODC are actively communicating with various potential merger
partners to increase stockholder equity through a revenue and asset enhancing
business combination. The companies will release updates on the planned
business combination soon.
Encore Energy or Energy Vision International Stockholders who wish to
redeem their stock or have further questions must email their stockholder
information to shares@encoreenergyinc.com
About Encore Energy
Encore Energy owns the patents for the use of grey-water, and domestic
water in heat exchanger systems. They also provide all forms of conventional
geothermal heat exchange systems. See video at www.encoreenergyinc.com.
About Modern Technology Corp
Modern Technology Corp is a specialized holding company focusing on the
purchase of convertible debt instruments and majority control of public
companies for execution of a 'turn-around' strategy and subsequent spin-off.
The company's web address is: www.moderntechnologycorp.com
History:
Encore Energy Announces Merger With Peak Entertainment and Planned Name Change
OXFORD, Miss., July 12, 2007 (PRIME NEWSWIRE) -- Encore Energy (Pink Sheets:PKEH), a rapidly growing diversified energy company, is pleased to announce it has merged with Peak Entertainment. The merger will combine the two companies in their entirely with the surviving company being Peak Entertainment. The merger calls for Peak stockholders to own in aggregate 40% of the Common stock post-merger. This number of shares will be approximately 1,830,967. Encore Energy stockholders will represent 60% of the post-merger shares -- approximately 2,746,450 shares. The total number of post-merger shares issued and outstanding will be approximately 4,577,417. No reverse-split, forward-split or other type of recapitalization of the company's shares is planned or presently contemplated.
( Never happened)
Here is the problem for us ENCS shareholders.
The shares of EGVI were never merged with Peak Ent. Since the merger has yet to take place, ENCS is nothing more than a name change for Peak Ent.
The share currently being traded are for a very diluted Peak Ent.
Form 8-K for SEAMLESS WI-FI, INC.
30-Jun-2008
Other Events
Item 8.01 Other Events
The Reda Family Trust II requested that 10,000 shares of its Preferred A Seamless Wi-Fi, Inc shares were requested to be converted into 100,000,000 shares of Seamless Wi-Fi, common stock. The conversion was made on June 25, 2008 and as of this date the issued and outstanding common shares of the Registrant are 227,890,963
Northwoods
"You stated the lawsuit was about ownership of the patents. I think it would be wise to find out who owns the debenture. "
I can only say, they do.
I have a question for those of a logical mind concerning the following.
"BRIGHTON, MI - March 12, 2008
Encore Energy Systems (Pink Sheets: ENCS) announced today it will be acquired by Modern Technology Corp (Pink Sheets: MODC).
The terms include an offer to existing Encore shareholders of not less than $0.01 (One Cent) per share paid in a combination of MODC Common Stock or MODC Convertible Preferred Stock at the stockholders' option. Stockholders are not required to sell any shares and will not lose their ownership interest in Encore."
Why would a COMPANY who is going to give each shareholder at least a penny for it stock, issue over double the amount of new shares and sell them for 0.0002?
My answer, at the end of the day all you will own is worthless paper of two empty shells (ENCS and MODC), as Welch plans to abandon both companies and move on.
What is your answer?
Northwoods
What I think the reason for his action was:
"MODC/welch sold the $1.5 million debenture for a $500,000 promissory note? imo...suspicious transaction. MODC also took a $989,000 tax loss on the sale. IRS may be interested in that considering welch was ceo of both companies at the time."
If you check back to see what was the asking price by Dr. David Rasnick for the Boveran Cancer Detection System, you would find it to be $500,000 dollars. He needed cash fast.
In my opinion he used the value of Demarco's patents to fund expanding MODC.
For what it is worth. My opinion on the law suit.
The current suit is over who owns the rights to the Demarco's patents.
It is the belief of the original shareholders of DMES (later changes to EVGI), were never compensated by ENCS for the use of the patents. Therefore they believe that neither the merger was legal nor does ENCS or MODC have any claims to the patents, or rights to market them.
If the suit is successful I believe that ENCS will be left an empty shell.
I also believe that there is enough evidence available to bring criminal charges to Mr Welch. Which will probably mean the end of MODC as well.
Again this is only MY PERSONAL opinion.
My personal disclosure
1,600,000 shares of EVGI (Purchased back in the DMES days)
1.500.000 shares of ENCS (Brought at merger prices)
500,000 shares of MODC (Purchased when Welch took over DMES)
PS
I am thinking of contacting the SEC myself to request that trading be halted on ENCS, as I believe that the forms filed in Neveda to raise the authorized shares to 2 billion shares contains falsified information and forgeries. Making those shares null and void therefore untradeable.
Northwoods,
Thanks, that is a great little tool. I am sure that it will come in handy.