Pegasus Tel Inc (PTEL)

[Tavycal]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67822131

ENTI - this Anthony Dibiase dilution scam just won't die.

ENTI has been trading mostly at no bid over the past several days making insider enrichment through dilution harder to achieve.

Looks like ENTI through its puppet CEO, Thomas Hargis, has hatched a plan to support further dilution and possibly the conversion of more preferred shares owned by Richard Dibiase and/or Anthony Dibiase into common stock to be sold into the market.

Preferred A shares have to be owned for 12 months before they can be converted into common shares. We know that Richard Dibiase had his preferred A shares for well over 12 months back during the last tiny forward split done by ENTI at the end of April. Anthony Dibiase owns 50,000,000 Preferred A shares which convert into 175 common shares each for a total of 8,750,000,000 common shares. All we know is that Anthony Dibiase received those shares between September 30, 2010 and December 31, 2010. Is his 12 months now up too? Is this why the change in CEO like the change from Richard to Anthony before this?

From the last attorney letter for the quarterly report for the period ending March 31, 2011:

http://www.otcmarkets.com/financialReportViewer?symbol=ENTI&id=53013




On September 29, 2011, ENTI filed for a name change with the Colorado Secretary of State changing its name from Encounter Technologies, Inc to Encounter Development Technologies Inc. Coinciding with the name change in the same SOS filing is an amendment to execute a 5% forward split.

The 5% forward split will have a record date of September 29, 2011.

http://www.prbuzz.com/technology/55310-encounter-technologies.html

How does a 5% forward split help insiders enrich themselves through the dilution of shares and the conversion of preferred stock into commons to be dumped?

A forward split even one as tiny as a 5% forward split (assuming FINRA even allows it this time) will lock up all the current ENTI shareholders while the forward split is executed and the new certs are issued. By locking up all the current outstanding shares it will significantly lower the float (number of shares which can be traded in the open market). This will give the ENTI share price a chance to move off of no bid (during the lock). Getting the share price off of no bid is crucial for Richard Dibiase or Anthony Dibiase to convert their preferred shares into commons and then be able to dump those common shares into the open market. It also gives ENTI the chance to print and sell significantly more new shares into the open market.

It is obvious this is that case because on October 7, 2011 ENTI filed an amendment with the Colorado SOS to raise the authorized share count from 15,000,000,000 to 30,000,000,000. We knew that ENTI was close to maxing out the 15,000,000,000 authorized shares, but this increase in the A/S to 30,000,000,000 confirms that the plan is further dilution of giant proportions.


ENTI investors may recall the way that ENTI used the sneaky dirty tiny forward split trick to lock up investors from April 28, 2011 - June 2, 2011 while they diluted the stock by issuing and dumping billions of new common shares into the market taking down the ENTI share price from $.0009/share on April 28th to $.0003/share on June 2nd.

Two other companies with the same legal counsel, Christopher Davies, have also used this dirty manipulative tiny forward split trick to dump shares while locking up existing shareholders, MGRN and AVOP.

The MGRN outstanding share count grew by 1,378,425,686 during the 4 weeks the MGRN shareholders were locked up for the forward split.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66841827

I don't know the share count data on AVOP.

All 3 companies are now trading at no bid.



Old posts about the MGRN, AVOP, ENTI forward split stock manipulation/dilution schemes:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65332136

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65431525

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65413180

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65552167