Encounter Development Technologies Inc. (ENTI)

[cjctrader]

By one and the same Anthony DiBiase, former CEO of ENTI who issued himself the following shares of said PTEL as per PTEL's 10-K for 2011 filed this 4th day of April 2012.

PTEL shares granted to Anthony DiBiase, President and personally which was a transaction approved by same.
(The following is taken from 10-K for 2011 filed by PTEL)

"On June 10, 2011 40,000,000 shares were issued to the Company’s president for services valued at market of $.006 per share, resulting in expense of $240,000.

On July 14, 2011, 2,400,000,000 shares were issued to Anthony Dibiase for services valued at market of $.0069 per share, resulting in an expense of $16,560,000."


http://secfilings.com/searchresultswide.aspx?link=2&filingid=8593964


*****
The conduct of the prior CEO is in the past and does not reflect negatively on the current CEO.
The current CEO, Thomas Hargis, has not demonstrated any untoward or untrustworthy behavior, but has been straight forward with his attempt to increase shareholder value.
Rather, he has demonstrated a determination to turn ENTI's image and business operations into a profitable enterprise.
I look forward to 2012 for Encounter Technologies to present and progress rapidly with it's products in development.