Hi Rose! Nice chatting with you again on this board since we kind of always agreed on most subjects except for the presence of RH. I truly admire your loyalty toward this Board of Directors but I’m afraid that I can’t share your optimism for the following reasons:
Mario Naim, was planning to bankrupt the company from the word “go”, acquire the patent and sell it to an American group fo businessmen. When other directors resisted him, he resigned but continued to sue ECT without success. Mario Naim does not have shares in the company.
Guy Benoit was quite inactive and attended only few meetings. He involvement only dates back to early last week when he came through with his promise to buy back the Canadian patent (pending). Guy Benoit has several million shares in the company.
Gib de Medeiros basically stole the patent from Biocognisafe to bring to Huppe, then took it from Huppe to bring it to us. I wouldn’t put it passed him to take it from us to his new employer or for his own benefit. He just can’t be trusted especially that he’s booked a trip to Korea immediately after the projected date (October 20th) at which ECT would be in bankruptcy. Gib’s connection had already been established through ECT representatives who Gib is trying to bypass. Gib has several million shares in the company.
Guy Paul Gauthier was Huppe’s former right hand man in the shady dealings. He is very “friendly” with the Gordon Bain group who is trying to acquire the rights to the patent. He borrowed money from the Bain group to pay himself and the company programmer who happens to be his brother in law. He sold all of his shares in the company and has had problems with the AMF (Quebec SEC) in the past.
Guy Faucher is the president and was at the forefront of the legal defenses of the company. He invested some of his personal finances to obtain legal representation for ECT and has always represented the shareholders. Guy Faucher has several million shares in the company.
In the last few weeks, the Board members have engaged in law suits against each other and illegal internal maneuvers to grab as much power as possible. This entire Board cannot be trusted anymore on top of the fact that there is no transparency, the Board has failed to abide by their initial plan to face reelection after 90 days, has not had an annual meeting, has not informed shareholders of company developments and has often acted in manners contrary to the company bylaws and Corporation Act of the State of Delaware.
We need new management and fast before we lose our investment. I shelled $250,000 in this venture and do not intend to lose it like this.
