Encompass Holdings (ECMH)

[quipu]

Rotary Engines, Inc. (REI), a major Encompass shareholder and minority shareholder of Rotary Engine Technology, Inc. (RETI), has traded 100 million Class A Common trading shares of Encompass Holdings' stock in exchange for 15,000 Class B Common non-trading “voting only” shares. The Class B Common share as a class will represent 66.67 percent of the voting rights of all issued and outstanding Encompass Class A Common voting shares.

Is this valid after the last RS?