Sunday, June 29, 2008 1:35:03 PM
The current suit is over who owns the rights to the Demarco's patents.
It is the belief of the original shareholders of DMES (later changes to EVGI), were never compensated by ENCS for the use of the patents. Therefore they believe that neither the merger was legal nor does ENCS or MODC have any claims to the patents, or rights to market them.
If the suit is successful I believe that ENCS will be left an empty shell.
I also believe that there is enough evidence available to bring criminal charges to Mr Welch. Which will probably mean the end of MODC as well.
Again this is only MY PERSONAL opinion.
My personal disclosure
1,600,000 shares of EVGI (Purchased back in the DMES days)
1.500.000 shares of ENCS (Brought at merger prices)
500,000 shares of MODC (Purchased when Welch took over DMES)
PS
I am thinking of contacting the SEC myself to request that trading be halted on ENCS, as I believe that the forms filed in Neveda to raise the authorized shares to 2 billion shares contains falsified information and forgeries. Making those shares null and void therefore untradeable.
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