Encounter Development Technologies Inc. (ENTI)

[Tavycal]

The market didn't react too well to the news today. PTEL was down 33% on the heaviest volume that stock has ever seen.

And why should investors be excited? Look what Anthony Dibiase did with the two companies with which he has previous been involved:

ENTI has an outstanding share count of over 13 billion shares and is currently trading between $.0002 and $.0003.

SREH currently trades at $.0001 and has no bid. That company got abandoned and left for dead several weeks ago.


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Since Anthony Dibiase was announced as the new CEO of PTEL on March 31, 2011, the stock has predictably plummeted. It has dropped from $.25/share on March 31 to $.008/share at today's close.

That's a 96.8% drop in value in the 9 weeks that Dibiase has been the CEO.

If the ENTI/PTEL dividend does end up happening for ENTI shareholders on June 6, 2011, it looks like there is very little chance that the restricted PTEL shares will have any value left by the time they become unrestricted in 6 months or a year.

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