DD Support Board and Research Team

[chrenshaw]

As part of the pending agreement with Pegasus Tel, Encounter Technologies will be receiving preferred shares of Pegasus that will convert into common shares. Encounter will distribute these preferred shares to its common shareholders sufficient to allow each shareholder of Encounter, once converted to Pegasus common stock, to have the same number of common shares of Pegasus as they hold in Encounter.

Good point. Looks like he would have to break his word for a conversion other than 1 to 1.

Regarding the following question...

#1) Assuming they do follow through with the dividend how long will those preferred shares remain restricted? It took Dibiase less than 6 months to take the ENTI share price from over $.01/share down to the triple zeroes:

I haven't read it but people on the ENTID board are claiming a 6 month restriction on the PTEL shares. According to them this is good because it will prevent a sharp decrease in PPS as soon as the dividend is paid. This neglects the fact that dumping by the company will probably kill the PPS before trade any shares