InvestorsHub Logo

rca

Followers 18
Posts 1850
Boards Moderated 0
Alias Born 03/25/2006

rca

Re: ttgop post# 11086

Sunday, 07/16/2006 4:27:00 PM

Sunday, July 16, 2006 4:27:00 PM

Post# of 15765
The pay back is just something on the table, it's something that the legalities are being worked out to see if it's possible to do without it being considered a public offering. There's no law firm, no claim form, no terms, nothing at this time. Simply put, the new owner plans on gifting 30% of his shares to the prior investors that were defrauded based on the false press releases. It's not something that he has to do, but is an attempt at goodwill.

The new majority owner is in the process of finalizing and validating his ownership, and that's the important step. Who knows what Paul Taylor did to sabatoge the records of the corporation or what steps he will take to try to steal the company. It is unclear at this time, this is just the beginning. Rather, I am informed that the new owner exercised an option he subcribed to in February and obtained a judicial judgment making that option public.

If you have a claim or suit against the company, its prior officers, or third parties, you should file it. You should not hesitate to act or not file suit because I have mentioned that there may be an intention to have a process where shareholders could obtain shares in the company. On the contrary, I have made it clear that Netco has no known assets and that the person responsible for the issuance of false press releases is Paul Taylor.

As for persons who recently bought stocks, that is something that certainly not something that is being covered. The proposed fund will be for persons that invested based on false press releases issued by the company through its control person, Paul Taylor. A person buying shares at this point is clearly a speculator in that the company has no assets, no business plan, and no financial information on the company to suggest that an investment is prudent.

The plan certainly is not for speculators who bought at .0001 to sell at .0002 or persons that bought shares after reading everything that Paul Taylor did and decided that the company might, could be, might possibly be something in the future.

If it is found possible to do, there will be a time period that the claims process shall apply to.

Also keep in mind that I am not an officer of the company at this time and the information I am providing is based on my consultations with the new majority owner. I am not aware of a resolution or agreement. In fact, I am not even a shareholder anymore after the reverse split.

The information I am making in this email constitutes forward looking statements and my purpose for mentioning them is to make contact with those harmed so a plan can be proposed to the new management. Do not invest on this information. Do not waive claims based on this information.



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.