InCapta Inc (INCT)

[xanadu]

Takeover now hostile

http://www.marketwatch.com/news/story/story.aspx?guid={DB9252C2-522C-49CE-9FE1-36C70B68A5AC}&sit....

These 4 paragraphs are meaningful. Could it have been said more plainly?

On other matters, over the last number of weeks the company has issued a number of letters addressed to GameZnFlix (GZFX) President, Directors and Shareholders, regarding an offer from SuperVision to acquire a controlling interest in the (GZFX) company.

The offer was made in order that SuperVision could acquire a public company to house its Professional Video Gamers League (WPGL.TV), which is about to go live in early June 2007. WPGL offers anyone over the age of 12 (with parental consent to 18) an opportunity to become a professional video game player (similar to a professional golfer or tennis player), competing for an estimated $10,000,000 dollars in cash and prizes. The WPGL is structured so that it is based around an international television show and an international franchise/licensing agreement providing an excellent format for game manufacturers, players, and advertisers and entrepreneurs interested in acquiring international rights in this multi billion dollar business.

Professional game players will be able to seek sponsorships, just as professional tennis and golfers do. If membership goals are reached, it could mean in excess of $100-$250 million per year for SuperVision and subsequently GZFX.

The present management of GZFX has seen fit not to report to its shareholders the letters and their content, despite the fact that this is a significant event and a potential material change for the company. SuperVision has specifically requested that GZFX contact its shareholders. The GZFX President and Directors have refused to inform their shareholders and rejected the offer by SuperVision to purchase shares at a price significantly higher than the last six months established trading price.

The fact that GZFX management has seen fit not to report any information regarding this offer to its shareholders and has rejected the offer, without any feedback or input from GZFX shareholders, means that SuperVision (PINKSHEETS: SVET) will start the process of a 'hostile' takeover of GZFX.