Welcome to the EMBI board.
I hold a small position in this company.
It was a bit larger...:) before the R/S and before the company almost disappeared from the facr of the earth.
Now, it appears it's coming back and now may be a great bottom fishing opportunity.
About a year or so ago, this company declared a stock dividend, of ENNT shares for EMBI shareholders.
It never happened.
Here are some statements from Mr. Shipley about that;
Dec 13,2001
For what it is worth (from Mr.Shipley)
I emailed some questions to equitybroadcast.com about their interview with Mr. Shipley. These are the answers that I got back from him. ( Equitybroadcast forwarded my questions to him).
Mr. xxxx: Equity Broadcast forwarded a copy of your e-mail to me. First, I would like to thank you for your inquiry, and I will attempt to bring you up to date.
1. EquityBroadcast did not ask me any questions about the ENNT stock or distribution. This was an interview on the new direction of EMB, why, and how. It was not discussed at all.
2. When I was in charge in the past, we did a transaction for the EMB shareholders that we thought was a good one at the time. The ENNT stock for the shareholders of EMB, which amounts to 7.5 million is being held by our attorney, in trust. ENNT filed a registration statement sometime in the year 2000, and withdrew the filing in April 2001, I think. There were several reasons they gave for withdrawing the registration statement, mainly the cost, and constant delays with questions from the SEC, etc.
3. It is my understanding from our attorneys, that after April 1, 2002, EMB will find out exactly what we can do with the stock from ENNT and we are hoping that we will be able to distribute it sometime after that date. It will be up to what the SEC rules and regulations say we can and cannot do.
In summary, the stock is still there for all the shareholders, and I am doing my best to bring EMB back from where it was. So far, we have had some success, and we are planning on having more in the future. I know there are plenty of shareholders that are not happy, and many have written there own opinions about everything, and most of them are simply not factual, and have no basis for what has been written. Please feel free to contact me at any time, and I will certainly fill you in on anything that I know, and can legally say and do.
Again, thank you for your inquiry.
James E. Shipley, President
EMB Corporation
These statements were sent to a poster on another message board.
My thanks to cabowabo55.
"Aim low Sheriff...They're ride'n snakes"
as usual...JMHO..SMD
