Zenergy International Inc. (ZENG)

[Mr Wizard a1a]

ghcnj, a post summarizing the three year issue.

The claim: Zenergy has been in business three years and has done no business nor generated any income yet.
The Counter: The SEC document only covers between 7/2006 (Zenergy formed) to 3/2008 (doc filed). That leaves 16 months they might have been doing big things.

The Evidence:
http://us1.institutionalriskanalytics.com/SEC/SEC_DOC.asp?b=&doc=edgar/data/1384539/9999999997-08-008579-index.htm
is 95 pages presenting a fascinating look into a company looking to go public. Much of the document is questions from the SEC and company answers.

Synopsis:
Page 18 of 95: No operating history; no revenues.
P 19: need to raise substantial capital which may be dilutive to company shareholders.
p 24: No operating history as a producer. Incurred no sales and income.
P 43: First project is a $37.5 million bio-diesel plant in California
P 57 No R& D to date. Sales none.
P58 Owns no real estate. Facilities 1000 sq ft in Chicago provided by a shareholder rent free.
P59: Mr. Luiten worked for an $800 million division.
P 74: Net loss to Jan 2008 was $435,503

That’s the high points. What has the company been doing the last 16 months?

1. Encore Energy Systems & Zenergy International Enter Into Partnership to Significantly Increase Biofuels Presence
Feb 26, 2009 Description of contracted work: http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=39258068&txt2find=encs

Durkk claims a PM from Zenergy stating: That relationship was nixed prior to zenergy going public. IR was asked and I received a pm on the scoop.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39471792

If you compare the work contracted, it seems unreasonable the work could have been completed in 4 months and the relationship terminated as planned. What’s more, Zenergy is not stating any facilities or contacts it is bringing to the relationship. Seems to be the same company we saw in the SEC filings.

2. CHICAGO, IL -- (Marketwire) -- 06/23/09 -- Paradigm Tactical Products, Inc. (PINKSHEETS: PTPC) is pleased to announce that the Company has completed a share exchange agreement with Zenergy International, Inc. Paradigm Tactical Products, Inc. will take the necessary steps to change its name to Zenergy International, Inc. and will announce publicly upon completion as well as the corporate structure.

Going public by reverse merger did not produce any bio-fuel facilities or contacts – Paradigm (PDGT) did not have any.

Nothing appears to support Zenergy International, Inc. has done anything since formation three years ago.

I know people are putting confidence that a new symbol will be issued in the next few days. This belief seems to come from a statement that the process could take up to 30 days. I don’t think the deadline works this way, but we will know in a few days. People believe the company can not begin its PUBLIC career until it has a new symbol. They have a symbol (PTPC) and can change it by application just like PDGT changed to PTPC. I see no reason to wait – but this too will be resolved in a few days.

What will happen if the deadline passes with no new symbol or PR? Four days and counting...