hey guys, this just in from a newsletter i just got from xplosivestocks.com
NavStar Technologies, Inc.
Rumor Report
It all began with this story
"NavStar Technologies, Inc. is rumored to be concluding a major acquisition of Effective Control Trans Inc. (EFFC.PK). EFFC is best known for having developed a technology specifically for the tracking of automobiles and transport vehicles. This acquisition would complement the NavStar Technologies, Inc. product line perfectly and would make NavStar Technologies, Inc. an industry leader."
Little did we know that this would generate a mountain of requests, questions and emails. We have done our best to get back to everyone and answer all questions and inquiries. Fear not everyone, we are still in the loop and we still have NVSR under the microscope.
Inquiry led to more answers, which finally led to a discussion with Douglas Pritt, CEO of NavStar. This discussion was veiled in various words as confidentiality agreements prevented many questions from being answered. The answers we could obtain and the statements that were made led to this newsletter from us:
"We did have the opportunity to speak with Doug Pritt, CEO NavStar Technologies, and the only official quote is "We are in communication with EFFC." Another interesting fact that was divulged to us is that there exists presently a confidentiality agreement that restricts discussion about any scenarios.
It is very evident that Doug Pritt, CEO, has waited until all the legal issues between EFFC and its board of directors was concluded. NavStar also seems to have waited for the resignation of Raphael Huppe as the CEO of EFFC. EFFC had hundreds of millions of dollars in contracts, as reported by Huppe, that were to be filled but were never filled with Huppe at the helm of EFFC. These contracts were mentioned in several press releases from EFFC, but as is clear today, EFFC with Huppe at the helm was never able to fulfill them. We strongly believe that this would be a major value to the shareholders of both companies."
The emails and questions came in again and we have been working diligently to uncover more information, find more sources and any tidbit of information we could get our hands on. And we did. It hit us like a ten ton bomb would hit an anthill. Another rumor, one that has us investigating new leads and new directions. There is a third party implicated in all this. The third party is heavily protected by the confidentiality agreements and non disclosures. But what is the role of the third party? This as of yet, unconfirmed third party, is in the midst of all these negotiations as the one company that will be executing the buyout of both NVSR and EFFC. The company is rumored to be executing a takeover of both company's for a price of 10 cents per share.
Let us clarify one thing, XplosiveStocks has not been retained by EFFC nor NVSR nor any party implicated with either of these corporations. We have no financial position in any of these companies nor do we hold shares or anything else. We are simply investigating and reporting the stories.
