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Dave,
It is my understanding that the original investors who were going to finance the bridge loan, & supply the intitial amounts of money to get the company going again have pulled out at this time. Apparently they wanted to bankrupt the company. (screw the shareholders) At this point they are looking at other potential financing......
NEWCO....This is similar to what RH was trying to do with axyomm/virgil.........although the recovery team is try to set this up in a more ethical way.......
It appears that the recovery team is looking for 2 million to get this jump started............
Ok....It is also a sticky post now & will update the IBOX.......
This is just a portion of the "Investors Information Kit" for the potential investors who are looking to finance this project..There are a few other power point presentation that the Recovery Team have been using when presenting this to potential investors...
There is a pulse......
Propose ECT Structure Plan
The matters summarized in this document refer to hypothetical proposals only, and are intended for purposes of preliminary discussion only. The matters summarized in this document are subject to amendment or other revision, without notice, and at any time, and are therefore not intended nor entitled to be relied upon by any person. The matters summarized in this document include forward-looking considerations that necessarily involve uncertainty, risk, and various assumptions and contingencies, and there can be no assurance that any future event described or suggested herein will in fact occur.
Nothing in this document constitutes an offer to sell any interest, of any kind whatsoever, in any entity referred to herein. Nothing in this document constitutes any type of solicitation of funds, for any purpose whatsoever, and no funds will be accepted from any person with respect to the matters summarized in this document. Nothing in this document constitutes any statement as to the potential desirability of purchasing or owning any interest in any entity referred to herein.
Any indication of interest by any person in the preliminary matters summarized in this document shall not create any commitment of any kind by the interested person, nor create any commitment of any kind in favor of such person. Any indication of interest by any person in the preliminary matters summarized in this document, or any questions with respect thereto, should be directed to the ECT Recovery Committee, c/o Dr. Gib deMedeiros, Director, Effective Control Transport, Inc. (telephone: 514-232-4878).
36,000 shares @ .0008=$28.80
I don't think this has anything to do with the CRAM....It sounds like he was trying to people to write him checks in advance & than promising them shares in this Vida Pharma/RH's "companies" boat loads of money scheme....
Question is what was the product/service/scam he was trying to pull off?
One poster here a while back had mentioned something about RH wanting him to write him a check......just before the fall of EFFC...
It would be interesting to see if this is a "slap on the wrist warning" or possibly some criminal act as mentioned in your post ........
Vida Internation Corporation
http://www.marketwire.com/press-release/National-Pharmaceutical-Corp-to-Acquire-Vida-Pharma-International-1257060.htm
Contact:
Nicolas Petrella
President
Tel.: 514 420 0333
http://www.vida-pharma.com/ca/en/about.php
RH hawking Vitamins?
That does a better job than babelfish! Thanks!.....Here is another link, same message......
http://www.finance-investissement.com/nouvelles/reglementation/rapha-l-hupp-doit-cesser-ses-sollicitations/a/31777
Looks like RH trying to pull some more shenanigans.....fleecing new investors?
What was he trying to do? Can you explain any further?
(rough babel fish translation)
More specifically, the BDR prohibited with Crested Raphaël any operation on any form d' investment, including l' activity of broker. Johanne Lepage (1), administrator, secretary and trésorière of Emptied Pharma Internation Corporation like Nicholas Petrella, administrator, president and majority shareholder of Emptied Pharma Internation Corporation, do all two l' d' object; an ordinance prohibiting any activity for d' to them; to carry out directly or indirectly the placement d' actions of Emptied Pharma Internation Corporation, a company which also makes deals under 6972012 Canada Inc., Vida Pharma International and WESPP International. Also, the BDR prohibited any operation, direct or indirect, on the titles of Control Effective Transport, Effective Control Corporation Transport, Corporation Axiomm Technologies and Corporation Systems of location Vigil in Manon Chiasson, single administrator of the Effective company Control Corporation.
LOL....
250 @ .001=25 cents
Traderfan,
I think Rosebud still is optimistic.....
I am still holding on to my shares.......I still believe we have a pulse.....
It ain't over until I hear the FAT LADY singing from St. Catherines Street........
it wasn't me....!
yep, with an uptick!
.001 x .0019
Update coming?
You seem to be well connected.....
Do you think we will hear anything before the construction holiday hits Quebec?
It seems the ECT REcovery Team is so far sucessful in keeping the Company from going Bankrupt........
Even though member of the board, Mario Naim has tried to get a personal judgment against ECT in the order to have a court decision that would allow him to ask for ECT's bankruptcy.This attempt has benn neutralized so far by the others members of the board.
Gordon Bain--the tugboat guy--
http://www.groupocean.com/home.aspx
Legit company.....
http://www.marketwire.com/press-release/Effective-Control-Transport-Announces-CRAM-Testing-Maritime-Industry-With-Ocean-Group-873018.htm
ECT will begin this testing phase by installing the CRAM technology in 10 of Ocean Group's large capacity tug-and-barge units used for short and long-distance towing services. The testing data obtained from this implementation will also be shared with Transport Canada, who ECT will work in collaboration with to devise a standard for the maritime industry.
I thought you be back to announce the 000'S are here........
Ronald Corey...the ex prez of Les Canadians?
I am an eternal optimist Deep........
It is a SHAME where we are right now, considering the product we have sitting on a shelf in Montreal, as the worldwide transportation industry is screaming for this technology. There are countless articles which are posted by MCHOOCHOO on the trucking industry alone.....
The investors who had told the recovery team they would fund the the project, provide the bridge loan, & get this rolling again, have obviously have had second thoughts......
We need somebody to step up with money, who will not destroy the shareholders, that will put all this bitching aside that is happening in Quebec, and move foward. We need a risk taker; an entrepeneur who sees the value in the CRAM.
Anybody here have any suggestions?
LOL! What are they going to be paid with?
Maybe they should divy up RH shares & pay them with those......or be given some of RH's books on sciencetology..... :)
I am sure they would love to be paid in EFFC shares & get some Hubbards' books!
Perhaps, even a souvlaki platter as a bonus!? (with taziki sauce)! :)
0.001 200000 OTO 09:36:17
0.001 732500 OTO 09:36:17
0.001 50000 OTO 09:36:10
0.0007 380000 OTO 09:32:01
0.0007 5000 OTO 09:30:00
t 0.001 100000 OTO 09:28:13
t 0.001 100000 OTO 09:25:58
Any word from the GUY'S?
http://dealbook.blogs.nytimes.com/2010/06/29/s-e-c-sues-2-penny-stock-promoters-for-scalping/
Legal
S.E.C. Charges 2 Penny Stock Promoters With Scalping
June 29, 2010, 7:38 pm
The Securities and Exchange Commission on Tuesday waded into the murky world of penny stock speculators, accusing two Web-savvy advisers of fraud for pumping up stocks that they were also selling — for at least $2.4 million in profit.
The agency charged a Canadian couple, Carol McKeown and Daniel F. Ryan, with four counts of fraud for using their Penny Stock Chaser Web site and Facebook and Twitter feeds to promote a half-dozen companies’ stocks. What the two did not disclose to their followers, according to the complaint, filed in federal court in southern Florida, is that they were regularly selling shares in the companies they were hawking, a practice known as “scalping.”
Penny Stock Chaser cropped up last year when shares in General Motors mysteriously kept rising despite the car maker’s filing for bankruptcy and splitting itself into two companies, one of which would remain in Chapter 11.
A press release from Penny Stock Chaser argued that shares in G.M., which took the ticker “GMGMQ” after filing for bankruptcy in June 2009, were expected to go higher. The Web site did note that the existing securities of G.M. belonged to the cast-off company, renamed the Motors Liquidation Company and now carrying the ticker “MTLQQ.” Still, the trading in old G.M. grew so much, bewildered regulators were forced to clarify that the stock belonged to a liquidating corporation. (G.M. was not one of the stocks cited in the S.E.C.’s complaint.)
The S.E.C. and its counterpart in Montreal, the Autorité des marchés financiers, have sought to freeze the couple’s assets and a disgorgement of ill-gotten gains.
According to the S.E.C.’s complaint, Ms. McKeown and Mr. Ryan began Penny Stock Chaser in the spring of 2009, promoting themselves as a husband-and-wife team that led a group of skilled stock pickers. Over the past year, their firm touted the stocks of at least 65 American companies. (The S.E.C. is pursuing the case in Florida because many of the couple’s trades were made in Boca Raton, although they were based in Montreal.)
No strangers to modern investing, Ms. McKeown and Mr. Ryan promoted their picks via an array of services, including the Web site, Facebook, Twitter and text messages. (The Web site appears to be down as of Tuesday evening. The Twitter feed, which had 62,999 followers, is now protected.)
The returns that Penny Stock Chaser promised are pretty dramatic: it said in its Twitter description that its 2009 average was up 300 percent.
While they used Penny Stock Chaser to tout the securities of various companies, Ms. McKeown and Mr. Ryan used two other entities, Meadow Vista Financial and Downshire Capital, to sell those very same stocks. Downshire was described by the two to be an investment bank in Montreal, where the two were based, while Meadow Vista was as an investment bank in Cheyenne, Wyo.
According to the S.E.C., the crux of the purported scheme lay in issuers’ affiliates or third parties providing Downshire and Meadow Vista with shares in particular companies that would be touted, or the couple would buy shares of stocks they would then tout. The effect was that as the penny stocks went up because of investor demand, the two would sell off their holdings and profit handsomely.
The Web site’s only disclosure statement was that Penny Stock Chaser “may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.” The S.E.C. contends in its complaint that such a statement was inadequate disclosure for the regular and “massive” quantities of stock the couple sold.
Eric I. Bustillo, the director of the S.E.C.’s Miami office, said in a statement, “McKeown and Ryan used all the modern methods to communicate with investors including the PennyStockChaser Web site, e-mail, text messages, Facebook and Twitter, yet failed to adequately communicate that their rosy predictions for touted stocks were accompanied by their sales of those very same stocks.”
Representatives for Ms. McKeown and Mr. Ryan could not be reached, and calls to Penny Stock Chaser were not returned on Tuesday evening.
The complaint outlines six specific companies that Penny Chaser touted fraudulently:
Converge Global, a Utah-based real estate company, which the two touted at least four times, gaining $602,000 in net proceeds;
Biocentric Energy Holdings, a Florida-based green-tech company, whose stock movements netted the two $569,000 in net proceeds;
Bluewave Group, a Nevada-based multimedia company, whose stock garnered them $184,000 in net proceeds;
Avro Energy, a Nevada-based oil company, which produced $16,000 in net proceeds;
Atlantic Wind & Solar, a West Virgina-based solar energy company, which garnered $780,600 in net proceeds;
MSE-Enviro-Tech, a Delaware-based fire suppressant maker, whose stock gained the two $240,000 in net proceeds.
The proclamations of Penny Stock Chaser — along the lines of “You cannot own too much of a good thing … THE ONLY ADVICE WE HAVE IS TO BUY BEFORE THE CROWDS” [sic] — appear to have tremendously swelled trading in the stocks the company touted.
http://dealbook.blogs.nytimes.com/2010/06/29/s-e-c-sues-2-penny-stock-promoters-for-scalping/
The agency charged a Canadian couple, Carol McKeown and Daniel F. Ryan, with four counts of fraud for using their Penny Stock Chaser Web site and Facebook and Twitter feeds to promote a half-dozen companies’ stocks. What the two did not disclose to their followers, according to the complaint, filed in federal court in southern Florida, is that they were regularly selling shares in the companies they were hawking, a practice known as “scalping.”
EOD..190k shares traded.....
LOL....My heart jumped 2 beats!
SHAW, BELL, TELUS, MAGNA, QUALCOMM, AIR LIQUIDE, ROBERT, CHALLENGER, TRANSFORCE, DOT DC, Martin Walker.....& tugboats......
actually all of these really could use LE CRAM.....if they did, you would get your $20.00 per share!
Perhaps the JUDGE is RH's new alias?
.001 x .002
EFFECTIVE CONTROL TRANS INC CL A EFFC: OTC
Technology : Computer Services
SnapshotChartsNewsOptions ChainsAnalyst ResearchFundamentalsEarningsInsider ActivitySnapshot Classic View »
Last Price Today’s Change Bid (Size) Ask (Size) Day’s Range Volume Trade
0.0016 0.000 (0.00%) 0.000 x0 0.778 x2,500 0.000 - 0.000
NICE....Anybody buying @ .778 cents?...........
I suppose we will hear something from the Recovery Team near the end of June, on the 1 year anniversary of ECT's RECOVERY TEAM solicitation to take control of the company & bring LE CRAM to the market.....
Only 3 Weeks to go!
We need some "Angel Financing" in these times.....Any luck?
.0016 x .0029
$500.00 would get you 250k shares....
One of the amigos wanted to put EFFC in bankruptcy......
Speaking of the Amigos, any word coming down from Quebec?
Has Biocognifsafe perfected the SDS yet? I wonder what they have been up to the last year.....
Any HUPPE sightings?
You have been right here so far.....
I will take any news at this time....it has been nearly 1 year....
Amazing......
.002 x .003
I think it is time for the amigos to come out of the closet & let the shareholders know where we stand......that could be the good, the bad or the ugly.....WE ARE APPROACHING A YEAR OF SILENCE......
mcchoochoo,
I have sent this to Gib of the ECT recovery team...thanks for posting.....!
The RFP is available online at www.atri-online.org. Proposals are due by June 16, 2010.
The NAFMP Steering Committee is looking for a contractor to design and develop guidelines, materials and tools necessary for carriers of all sizes to implement FMP on a voluntary basis anywhere in North America. The selected contractor must deliver products that address key elements of a comprehensive FMP, including corporate culture, education and training, sleep disorder screening and treatment, scheduling and tools, and fatigue monitoring and management technologies.
quiet is good......any revalue of the Dinar will come when we least expect it......
I think everyone is watching hockey.....
Game 7 in Pitt......
What are your hearing?
Maybe somebody will put a buy order in for 16 billion shares.......
Gib de Medeiros
514-232-4878
g.medeiros@keyfactors.ca
GO EFFC GO!
To better address the true causes of fatigue in transportation, FMCSA should focus its resources on:
(1) Sleep disorder awareness, training, and screening.
(2) Promoting use of fatigue risk management programs.
(3) Evaluating the use of fatigue detection devices.
(4) Increasing the availability of truck parking on important freight corridors.
(5) Partnering with the trucking and shipping communities to develop an educational process that identifies for drivers the location of available truck parking.
The window of opportunity is still there. Will the ECT Recovery Team get us through the window?