Replies to post #7413 on Spectacular Solar Inc (SPSO)

[penniesbgone]

Ask him yourself. He will reply correct?

[texkengold]

good question DB2,

answer:..... the dough was good.

tom favata Sunday, March 31, 2013 12:38:46 PM
Re: negativegeforce post# 7375 Post # of 7413

There was no problem period I raised the cash to buy the thing. If it was truly a concrete problem then disclose it and why after being with NHSH for over a year you find a problem afterwards??? It's called doing due diligence prior to the agreement. Mike has many agreements that he renigged on he failed to pay me 200k giving bs excuses failed to pay MO any monies after he promised he would pay him back in two weeks he renigged on a settlement with James Owens and also renigged on a settlement that he drew up with ED Cross never paying the man who was the only one who drew up the business plan of "Seeker Tech" and Ed had a way to monitize the teck by adding the overlays etc... Ed even gave mike personal monies to help the cause only to be screwed over by not only working for free but also not getting paid the personal monies he gave to mike kendrick. Mike's excuse was that Ed was not professional enough (Ed was the one who ran the demo on his own dime) and should not get paid??? Another BS excuse...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86278654

jmho
tex

[penniesbgone]

IDK, I think that they did try to work things out.

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.

This is what it said, Let me ask you a question, When you buy a car don't you want a warranty? What if there is a problem with the car? Do you take it back to the dealer to get it fixed? After many attempts to fix it, it still cannot be fixed, do you ask for your money back?

That is my opinion of what happened.