$EGCT,,,,The knee jerk reaction to a REVERSE is
Shit, lemme sell, its a POS
OTOH, as of now, EGCT is nothing
Its Share structure now shows a float of
EGCT Security Details
Market Value1 $2,016,356 a/o Oct 02, 2014
Shares Outstanding 26,884,740 a/o Apr 01, 2014 Float 3,400,000 a/o Jul 30, 2009<<<<<<<<<<<<<<<<<
Authorized Shares 75,000,000 a/o Jun 09, 2010
Par Value 0.001
After the reverse split,
The float will be 350,000 or so
BUT LOOK AT WHAT WE BECOME
The website http://www.peartrack.com/about-peartrack/about-peartrack-systems/
They will also spin off the current (non business) business to sharesholders in a stock spinoff...I assume it will be worth something
Key components of PearTrack Tracking Products:
PTSG intends to be the first GPS tracking company to offer tracking via GSM, CDMA & Iridium.
The PT Tracking Platform is a fully interoperable and scalable platform that provides product and service upgrades without having to replace device.
PTSG intends to aggressively market itself as a proprietary solution for the intermodal shipping container market; remote asset management in the oil and gas exploration industry; shipments of high-value products; shipments of drugs; military logistics support & asset tracking.
PTSG intends to offer proprietary encryption security software systems, which will be used to authenticate the goods in the shipment are the goods the customer put in the container or mailing parcel.
PTSG intends to offer proprietary patented Container Locking system that will interface with the PT Tracking Products.
PTSG intends to provide proprietary security systems that will aggregate multi service systems to detect chemical or nuclear weapons, bio-terror and chemical weapon substances.
Reason for the Merger
The Company believes that the Merger with PTSG will add value to the Company and its shareholders for multiple reasons that include, but are not limited to, the following:
PTSG’s product line, which targets the M2M telematics, asset tracking and security market. The Company believes that PTSG’s battery management technology provides an opportunity be able to compete in the market.
the Company believes that the security and tracking of the intermodal container market has a great potential for growth and expansion. The drivers of this market are the need:
for countries to protect their maritime ports from potentially deadly nuclear and bioterror attack, by having information on each and every container that comes into the their ports;
to combat theft by tracking and securing the intermodal containers;
to combat the growth in counterfeiting of products that enter the country inside intermodal containers; and
to combat the trafficking of human beings as black market cargo, by way of transporting the humans in intermodal containers