Eco-Tek Group Inc (ETEK)

[thediligent]

2 Billion+ ETEK shares to Curt Kramer? Asher Enterprises?

Per ETEK Annual Reports (A. Changes to the Number of Outstanding Shares), between May 2019 and May 2020, Asher Enterprises/Curt Kramer obtained around 2 Billion shares of ETEK through loan conversion.

A little googling on Asher Enterprises/Curt Kramer tells us of FINRA blacklisting for some manipulative dilution and short sale fuckery. There are similarities here. Massive share issuance via loan conversion.

Can anyone offer insight into the legitimacy of what occurred here? Did Curt Kramer take ETEK for a ride? Does he still hold his shares, or did he dump his 2 Billion ETEK shares commencing on September 17th 2021? I don't know what to make of this, but my gut doesn't like it. Like if I had to guess, I'd say the loan/conversion was some way to 1) get tons of almost free shares for a later p&d scheme, 2) evade rules regarding share issuance/reporting etc.

And on a related note, who/what the hell is Abra Prince (430 Million shares in 2022 for Settlement)?