post by pd back in feb..Historical snapshot for those that care
I go back to early 2006 watchin Encompass which at that time was Nova Communications. I was retained to look into rotary engine apps and potential quite some time before 2006. Several govt entities had put a sht load development money into the rotary project. It was common knowledge that the rotary concept was far superior to piston engines if several rotary weaknesses could be overcome. A large group of John Deere engineers took on the project, the problems were fuel consumption and seal wear. Durin those days we didn’t give a sht about emissions. The high emissions were a product of the fuel consumption issue. Too much unburned fuel.
John Deere decided to put company efforts into other projects cause they weren’t getting the results fast enough. Most of the engineers involved decided to form a new company. Rotary Power Int., (RPI) go public and continue the work. They believed it was just a matter of time before they changed the way the world looked at engines. The rotary engine inventor, Wankel was involved with all of this development. Development money rolled in for sometime but the last thing a public company needs is engineers runnin the friggin show. RPI was havin problems.
Around 2003 or before I got alerted of a settlement between a San Diego company, a fundin group and RPI. RPI had failed to deliver on an engine purchase agreement that also involved the purchase of a large block of stock. I found out that these guys were also rotary engine development people. They were not happy with RPI. A settlement agreement was reached of which I don’t have all the details. A lot went on but the bottom line is that RPI failed to deliver as settled and after several renegotiations a Default Judgment was granted and the settlement was secured by all of the RPI assets. The interesting part is that Scott Webber the present CEO of Encompass was the dude who spearheaded the agreement from day one for the funders. At the end of the day he ended up with all the assets and development from Curtiss Wright, John Deere and RPI involved with rotary engines. You can be sure that a sht load of additional crp went on but I’m gonna skip forward to 2006. Webber has told me several times that they should write a book and may do so when the final chapter is complete. It would be a good one. They are major players in the evolution of the rotary engine.
I believe it was probably late 2005 when Art Robins the CEO of Nova Communications, now Encompass contacted Rotary Engines Inc. (REI) the company owned by the present Encompass directors. Robins wanted a rotary engine for the Xboard that Nova had been developin. It was the only engine small enough with enough power for the Xboard. Robins and the rotary dudes end up signin an agreement and Rotary Engine Technologies was formed. Nova agreed to fund the R&D work to complete what John Deere and RPI couldn’t get done. Webber has told me that Nova agreed to make 100k a month available for the R&D and completion of the Xboard engineering. I had numerous conversations with Robins and confirmed it all. Robins had been brought into Nova by Murray Goldenburg. The original company name prior to Nova Communications was First Colonial Ventures. Murray’s partner from the start was Leslie Handler. Two real winners. I’ve posted links on them but the best is the article “The Mob on Wall Street” which you can Google and read anytime. This dude is a whole subject himself that I’ll save for another time. My take on Robins today is that he was used by Goldenburg, was not CEO material and really did want to develop the engine and Xboards. I can also write a lot on his fk up but not now. The main point for now is that Nova owed the rotary dudes over
3m for the rotary engine assets. Nova changed its name to Encompass and the 100k R&D money didn’t come in and the 3m note went unpaid. By 2007 the REI rotary guys were fed up with the bull sht. Encompass couldn’t pay the note in cash but did pay in shares. REI now had the controlling equity interest in Encompass. I was talking at the time to both Webber and Robins a lot. Robins had taken a really friggin dumb position based on his own interpretation of the controlling interest. Webber had just about had enough of tryin to talk sense with Robins. I got kinda in the middle hopin to see the development go full speed. Robins wasn’t getting it at all and Webber said “that’s it”. A shareholders meetin was called and Robins and the whole BOR was removed.
Prior to the removal the BOD resolved that the Data Center Nacio Systems would get spun out as its own public company. Goldenburg and Handler were the Nacio directors. And always had been. In early 2007 they brought in a dude named Carey Daly who claimed to represent investors that were interested in funding the Nacio plan. Nacio was a mess at the time. Litigations and all kinds of problems that Goldenburg seems to be in the middle of on a regular basis. Nacio was a 100% owned subsidiary company of Encompass.
By the end of 2007 the Encompass BOD had their fill of Goldenburg and Handler and their attempts to bring in funds and go public with Nacio. They called another shareholders meetin to remove them. Instead Goldenburg and Handler resigned and Daly and attorney Randall Lanham were put in as the new Nacio directors. Lanham was the funding group attorney. Within 30 days Daly and Lanham filed the Nacio bankruptcy without the knowledge of Encompass. In that filing they claimed they were the owners of Nacio. As the attorney for the investors Lanham held the Nacio share cert. in his trust account. After the bankruptcy was filed the directors of Nacio, Daly and Lanham could lock out Encompass the Nacio owner and that’s what they did. Lanham refused all demands from Encompass to return their share cert. and while Nacio was going down the tubes Daly increased his salary to 20k a month with benefits that brought it to about 30k.
Encompass entered the bankruptcy later in 2008. They sat back and watch and read. These are not guys that are intimidated by the courtroom. In fact it’s just the opposite. When they figured the time was right they also filed a Complaint naming Daly and Lanham in S.F. District Court. A case that is on going and will get very interesting. It seems attorney Lanham has a history of using the trust fund tactic with share certs.
Back to bankruptcy court I go. Now Encompass is putting in a bid for its own assets. Daly and Lanham have now formed several Nevada corps. And are also bidding against Encompass. Remember, these are the two directors that Encompass put in place. They filed the bankruptcy and locked Encompass out of their own company that happened to house all of the Encompass accounting records and documents needed to file the Encompass financials. It looks to me like Daly, Lanham and friends were trying to steal the Data Center and sink Encompass. When you think this bull sht through keep the name Murray Goldenburg in mind. There’s plenty more on this that will come out in the Encompass vs. Daly, Lanham and John Does,
I believe several Ihub posters have a long enough history to comment on this post. As you might expect, there are several Encompass enemies that will pop up as posters. I’ll be happy to address any. If you go to R Bulls Encompass site you will see a poster rustylypps who is one of the Nacio group. I have an email out to Webber about some of the claims bein made there. Rusty has posted here but I forget the id used. If I get a response and Scott agrees I’ll post it here. I would expect it to be similar to the one the new Quadrant CEO answered and was posted here. I posted it on R Bull. It contained real facts and is important as part of the big picture here.
The above is a short outline of what the present Encompass directors have been through with this company and its past people. There is much more between the lines stuff as well as more to come. Hope this gives ya a peek at what you’re following. Some of us have watched it for a long time because of the huge potential.
As a side note, go to www.ceramicrotaryengines.com Look at what you see there. Look at the team members at the end of the presentation. Encompass is very quite on that rotary engine technology. In fact they made a point of a disclaimer statement. I have no idea yet where that is headin but you can bet your ass I’m watchin close.
