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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.
New investors of ENCS a must read.
Written by MarketWizWanbe on EVGI Board Raging Bull
I couldn't say it any better
"Looks like both Anthony Welch and Victor DeMarco may have to pay the piper soon . . . as a serious law suit has been commenced against the two of them by old time shareholders of DMES and EGVI, as well as new ENCS shareholders who have gotten Royally Screwed by what in my opinion can only be viewed as an obviously criminal action against the interests of the good shareholders who have innocently trusted this Company with their hard earned money.
Victor and Anthony, you both know who I am . . . Did you really think that I and the growing list of others like myself will continue to be shafted by you guys, and not even try to fight for our rights?
Anthony, your greed is so disgusting that you didn't even have the decency to allow me, and people like myself an opportunity to take a loss, by being able to actually sell our shares in the open market. Instead you totally locked us out of the market, by not converting our old DMES/EGVI shares into the new ENCS entity that you supposedly merged us into. Meanwhile, you printed hundreds of millions of new shares of this Company which have been obviously dumped into the open market, and diluted any value that shareholders could have had. If this is not a scam, I don't know what is?
The stupidity of your action is that by locking us out of the market you prevented us from taking a loss and moving on. Instead you kept us as hostages, with your diabolical mind games. So now you'll have to deal with all of us, whether you like it or not.
WE WILL NOT STOP UNTIL THE PATENT AND ANY ASSET(S) OR VALUE(S) THAT COME ALONG WITH OWNING THE PATENT REVERT BACK TO THE RIGHTFUL SHAREHOLDERS WHO HAVE INVESTED THEIR HARD EARNED MONEY IN THIS TECHNOLOGY. OPPORTUNISTS LIKE YOU, WHO HAVE OBLITERATED THE VALUE OF THE SHAREHOLDERS STAKE IN THE TECHNOLOGY, WHILE ALL ALONG USING AND BENEFITING FROM THE COMPANY, ITS SHARES, THE TECHNOLOGY, THE PATENTS, AND ANY OTHER ASSETS AND RELATED VALUES, WILL BE MADE TO PAY BACK WHAT WAS UNETHICALLY, IMMORALLY, ILLEGALLY, AND CRIMINALLY TAKEN AWAY FROM US."
Do Not be surprise if ENCS is left an empty shell.
Don't be surprise if Encore is left as an empty shell.
X-gen sales, sales were delayed because they failed the Microsoft test. All the finished units had to go back in to production to be refitted with a higher resolution screen. That is why they missed the Christmas season.
Company does not have a great track record, both they do have a unique product.
IMHO, I believe it's worth giving it until 09, look how long it took Apple to get the bugs out of the Iphone.
Drug
Question why long on USGA?
A few years ago on hype alone USGA ran to $3.00 a share.
At it's high an internet business article came out which stated that USGA did not have the patents or products it claimed.
The SEC forced ragingbull to shut down the USGA board, and did a though investigation on it's patent's claims.
A year later the SEC concluded it's investigation, not one product or claim of their products were removed from the USGA website. In fact a product was added MAPSAND, which appeared in a special report on CNN.
As long as USGA can keep the doors open, they have a chance to sell any one of their many (proven) products.
Any one of their big three (Mapsand, mirco filters or all-clear) could easily bring in over a hundred million in revenue.
In penny land all companies are a major risk. Very few penny stocks products have the backing of the SEC that they exist and do what their say.
Drug
Don't know how old, but looks great
http://www.generalfire.com/Products/pdffiles/All-Clear%20Overview%20USMC.pdf
Drug
Has anyone called Kiddie to see if All-clear has a release date?
Why management has been so quiet, another possible angle.
I have been trying to get Raging Bull to reopen the USGN board for some time now.
The SEC investigarion is long over the company doors are still open to major fines or penalties were given to USGA.
Yet, my last e-mail response from Raging Bull about six months ago stated that Raging Bull will never reopen the old board.
Which makes you wonder whether government has a gag order on releases that are not signed deals.
Just food for thought.
Drug
Don't know how old this is:
http://generalfire.com/Products/pdffiles/All-Clear%20Overview%20USMC.pdf
Pres:
A while back, right after Carl lost his position at USGA, I was lucky to make contact with him. We had a long discussion why there wasn't more press releases concerning the long list of USGA products.
His answer to me at that time, was due to the investigation by the SEC, the board of directors became very timid. He stated that the company tied his hands concerning PRs and would not allow any releases until they had signed agreements in place.
I have not had any contact with Carl until earlier this week I tried e-mailing him, he was kind enough to response.
By his response, I have drawn my own conclusions that his departure from USGA was not on the best of terms. And that he wants nothing to do with the company and doesn't care about the company anymore.
Why am I still here?
This company went though a lot of scrutiny concerning their products and patents. After the investigation NOT ONE product was taken from them, one was even add(mapsand). This at least tells me that the company is real with real products to sell.
Whether or not they can sell them is a whole other story.
But at these price, worth holding to find out.
Drug
He didn't say.
I asked him two question.
Are you still with USGA? answer- no
Are they still in business or dead? answer- No idea
drug
Carl responded to my e-mail today. He is no longer with the company and has no idea what is going on.
Drug
I believe Julie e-mail is jseamans@texas.com, or you can leave a message at 775-841-3246, by asking for julie voice mail box.
She probably won't get back to you, I been trying for 2 months.
Carl,s email is CGruenler@gmail.com.
When you call the company, they say the door are still open but no one is hardly ever there.
drug
Isn't the date of that article 9/11/01? From bottom of page.
Rich the PR guy for USGA, as of 3/8/04, still says that there will be a major contracts and joint ventures announced before the end of USGA fiscal year 3/31/04.
For what it's worth. He said his personal plans is to leave the job at the PR firm to take a full time position with USGA.
hey, I made it