Replies to post #12893 on MSE Enviro-Tech Corp.(fka MEVT)

[pinkslipjunkie]

Update from Management on 6 million shares issue:

For the past year MSE management has been pursuing a legal ruling from the Delaware Chancery Court, regarding the cancellation of 6 million shares of MSE common stock, related to the failed Hartindo distribution agreement.

The company believes the handling of the shares, after issuance, was in violation of the original agreement and awaits an opinion regarding other violations. The company believes a change in ownership of some or all of these shares occurred in total disregard for the agreement and most importantly, shareholders of MSE. The company believes this has negatively and erroneously affected the reputation of the company and has led, directly and indirectly, to a steady decline in MEVT share price.

Management has received updates from counsel indicating that many of those who may have mishandled these shares have been successfully served. Management continues to wait for a final ruling, which it will report to shareholders immediately upon receipt.

Management would like to thank shareholders for their patience and support during the previous quiet period and looks forward to once again reporting corporate and legal progress in a timely manner.