POSTED BY Jumping Monkeys post #151179 earlier this am.....
emailed Randy early this morning(Monday, Feb 24 @ 0137), and here was his response this morning (Monday, Feb 24, @ 0722):
Dear _________________,
Thank you for your interest in Encounter Development Technologies Inc., a Colorado corporation.
From the date you purchased your stock in Encounter, much has changed in terms of the company's operations; particularly, between 2009 and 2012. The facts related to Encounter and its former business and current plan of operations will be revealed in a current report that I expect to file with OTC Markets Group, Inc. sometime this week or early in the next week.
From December 15, 2013, the date I was appointed Chairman, President, and Chief Executive Officer of Encounter, I have been conducting extensive research into the company's past business operations and dealings and, with the help of the immediate past-president, Carrie Cosner, I have been piecing together many details related to the company's former business operations.
Based on a review of all available data in that regard, Encounter's principal shareholders and its Board of Directors made a decision as to whether to pursue its former business (using its depleted or assets that have been non-existent since approximately 2011), or, for the benefit of its shareholders, to embark in a new field of business that was unrelated to its past business activities. Following a very thorough investigation of the company and an examination of its assets (or lack thereof), the determination was made to discontinue its former business operations and engage in a new line of business, which will be revealed in the above-referenced current report.
With reference to the company's senior executive management, I believe it is too soon to predict its effectiveness, other than to state that management has established a plan to remedy the company's past deficiencies, to engage in a new line of business, and to attempt to address its shareholders' concerns along the way. Until Encounter does actually engage in and effect its newly adopted plan of operations, which is expected to occur during the second calendar quarter of 2014, my effectiveness as the company's principal executive officer cannot as yet be determined. At this stage of Encounter's development, all I can do is to report the facts as they exist and carry out the company's development objectives. It will be only the company's shareholders that can ultimately form a conclusion as to its current management's effectiveness and only after they have examined and evaluated the company's immediate past business activities in contrast to engaging in a new field of enterprise.
I remain hopeful, together with the company's hundreds of shareholders, that Encounter will be able to continue in business based on the current plan of operations; however, in Encounter's case, any continued investment in Encounter is subject to substantial risks and uncertainties, as it has been in the past.
Thank you for your continued interest in Encounter. I look forward to being of service to you in the future and to receive your comments and answer any questions that remain unanswered following the publication of the company's current public report.
Respectfully,
/s/ Randy Hudson
ec: Michael P. Grande
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