Here is the deal by word of mouth a shareholder has been posting information that he supposedly gets from the CEO of ENTK. In the words of that poster he states that ENTK has the 20 acres but no money to purchase the PBRs at this time. Personally I think the CEO of ENTK is full of crap at every level, just the whole filings mess alone is one big elaborate lie to keep shareholders at bay. Further they keep mentioning MNGA in agreements but yet when you go to EDGARS for MNGA not a single 8K on file mentioning ENTK. Yet every company that MNGA has an agreement with has an 8K on file.
I have not found one shred of evidence that ENTK is actually a legitimate business, and it appears more likely that ENTK is a stock scheme to fund the purchase of Extreme Biodiesel. In the end, I think the shareholders of ENTK are going to get screwed as the stock will once again get an RS to form a new company that is a legitimate Bio Fuel business. Worst of all is that PSC has 400,000 shares at their disposal and can quickly eradicate the PPS once those shares become free trading. Typical time period is 6 months, and word has it INCL gave those shares to PSC, so you know at least 3 months has ticked away.
This post is full of hearsay and speculation on my part excluding the fact about MNGA, you can go to sec.gov and pull up Magnegas files and check for yourselves, not a single 8K mentioning ENTK, yet many other 8K’s documenting every agreement MNGA has made to date. MNGA is a fully reporting OTCBB stock and I find it strange they make no mention of an agreement in any of their news and not one peep of ENTK on their site. Much like I find it odd that BEHL has not made one statement since the first PR agreement when ENTK became a new company under new ownership. It appears to me that ENTK has made promises that they cannot deliver concerning capital, and what really bugs me is that the CEO says he is reserving his current remaining capital for buying the remaining 49% ownership of Extreme Biodiesel, while having previous commitments with other companies allegedly.
Take away what you want from this and draw your own conclusion.
