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coastiretired

03/25/15 10:57 PM

#156175 RE: rwehapi2003 #156174

That's the claim.

"Design a dual-mode tracker; Provide advice and support for the Company, including but not limited to the provision of other satellite tracking hardware and related services, sales and lead generation."

Phipps has a long history with Sensi in OTC land. They always end up raking in millions under the guise of work that never seems to get done. Phipps has even used Sensi's brother to funnel shareholder funds. The info below comes from the financials of another now defunct OTC ticker called GlobalNet. The "international consultants" mentioned consisted of Robert Sensi's brother, Ulisse Sensi; Zahi Salah; and Shimon Ben Shimol.)

"On January 5, 2004, the Company secured a contract with Global Telesat Corp., a wholly owned subsidiary of GEF, for worldwide termination of voice and data mobile satellite telecommunications traffic originating in Iraq. In conjunction with securing this contract, the Company issued 300,000,000 shares of common stock to International Consultants valued at $21,000,000. The Company did not derive significant revenues from the Global Telesat Corp contract, the consultants failed to fully perform the contractually required consulting services. . .The Consultants performed some services in the first quarter of 2004, but little, if any, thereafter. Accordingly, the Company wrote-off a related entity receivable of $21 million in the first quarter of 2004."