Encompass Holdings (ECMH)

[pdgood]

You're all screwed up dude.

REI is not RETI. Rotary Engines Inc. was the company that had all of the rotary engine assets from John Deere/ Curtiss Wright. ECMH bought those assets for the 3 million plus. Look at the financials in the K's. It was a note due to REI which ECMH paid in shares. The 204 million shares. Then the REI dudes who are now the ECMH directors retired 100 million shares. Gave them back, made them go away. After which they owned 104 million shares. Those were common shares. In june the did a 30 for 1 reverse. Divide the 104 million shares by 30 and you have the total shares they now own. About 3.5 million shares. They then issued the non convertable votin only shares so they didn't lose voting control to NIR or antone else after giving back shares to the companies benifit. That's how it went down. the ECMH directors not only didn't enrich themselves they in fact did just the opposite and diluted themselves much more than they needed ta do. They could have protected their share very easily. Be careful what ya accuse them of cause your dead wrong. Postin info that is dead wrong is not a very good idea. Makes ya look foolish and liable.