Eco-Tek Group Inc (ETEK)

[varok]

There are only 2 options to take down the O/S. The first one is a R/S, which is the most likely. The second is to buy them back and although it is an option, but extremely unlikely.

The way this shell looks right now with the A/S maxed out makes this shell unattractive for any incoming marriage. This is simply based on the fact that liquidity and any attempt to obtain financing for the new entity coming in is gone. You can't just erase the 5.5B O/S without due cause other than a R/S. Now the entity in charge of this shell could buy back the shares, but what about the numerous shareholders from yesteryear. These past shareholders just can't disappear without compensation. Their shares will follow them into the new entity, but then the new entity is saddled with a maxed out share structure in A/S and the O/S.

There is a 3rd option and that is to request the A/S from the SOS where the new entity will be incorporated to raise the current limit of 6B. This I find hard to except.

I do not own or have ever owned this company.

Have a good day
varok