Seeker Technology statement. Mineseeker Operations Overseas Ltd entered into a share exchange agreement with Quasar in June 2010. Quasar, as testified under oath by the Quasar lawyer, did not complete its investment to acquire a controlling interest in Mineseeker Operations. If Quasar had completed they would have acquired and now hold a controlling interest in the company, and Mineseeker would have been properly funded. When it became apparent that Quasar was unable to complete the purchase of Mineseeker Operations and promised funding, it attempted to merge with NHSH. Unfortunately Mineseeker discovered that NHSH was incapable of fulfilling its obligations under the share exchange agreement. Furthermore, Mineseeker became aware that material facts were not disclosed. Mineseeker was advised by the NHSH SEC attorney that many of these issues were not capable of being remedied, and advised that the Mineseeker management could be subject to enforcement action by the SEC if it continued operating within NHSH. The letter of rescission and resignation of Mike Kendrick and Mark Dorey was sent to NHSH in October 2012. All of the shares were returned to NHSH immediately thereafter. During that time The Mineseeker Foundation withdrew the licence to Mineseeker Operations to use its name. Seeker Technologies was launched in January 2013, to develop the aerial survey business beyond that of mine field survey and mapping, including agricultural surveys, oil and gas and other associated opportunities. The company and management are dedicated to addressing some of the largest global issues regarding land use, pollution and the efficient development of otherwise blighted land. While Seeker Technologies sympathizes with these investors, their complaint is with the entities in which they invested and not with Seeker or its management. The delays have held up the company for over two years and the management is now hopeful that it can now move forward without further hindrance to deliver innovative technical solutions to release the economic potential of some of the poorest nations on the planet whilst addressing a huge humanitarian catastrophe.
When it became apparent that Quasar was unable to complete the purchase of Mineseeker Operations and promised funding, it attempted to merge with NHSH. Unfortunately Mineseeker discovered that NHSH was incapable of fulfilling its obligations under the share exchange agreement.
And consider total assets of $738.00 as detailed here:
While Seeker Technologies sympathizes with these investors, their complaint is with the entities in which they invested and not with Seeker or its management.
BS! You know for the most part I have let this go and moved on, but this really sticks in my craw. What kind of patronizing, self evading rubbish is this? These 'poor' investors\minions bougt in on your\MS's story and they have the audacity to just wash their hands of the whole matter as if they are not complicit ...
If they want to be seen as a real, ethical entity, simply return the monies forwarded ... prove themselves.
When it became apparent that Quasar was unable to complete the purchase of Mineseeker Operations and promised funding, it attempted to merge with NHSH.
Furthermore, Mineseeker became aware that material facts were not disclosed. Mineseeker was advised by the NHSH SEC attorney that many of these issues were not capable of being remedied, and advised that the Mineseeker management could be subject to enforcement action by the SEC if it continued operating within NHSH. The letter of rescission and resignation of Mike Kendrick and Mark Dorey was sent to NHSH in October 2012. All of the shares were returned to NHSH immediately thereafter.
It was Mineseeker that failed to pay Mr. Owens for the shares which Mr. Owens then sold to Mr. Canouse which (according to a Florida judge) is why QASP controls NHSH now.
Mineseeker claimed they didn't have to pay Mr. Owens because Mr. Owens' shares were canceled by a judge in the British Virgin Islands (which was ludicrous) and Mineseeker had been issued a seperate set of brand new shares. A Florida judge called B.S. on that garbage. Mineseeker Operations is now owned by QASP. That's the part that "can't be remedied" in Mr. Kendrick's view.
Fritz, all these supposed changes in Mineseeker ownership that were never disclosed to NHSH and Quasar Shareholders only underscores what folks like Mike Kendrick, Jeff DiGenova and the other usual suspects can get away with manipulating penny shells and their unsuspecting shareholders without being subject to SEC scrutiny. And nothing will be different with SNTL with these same scammers behind the scenes, IMO.