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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (24982)	11/14/2002 11:25:03 PM
From: Deeber	Read Replies (2) \| Respond to of 25711

From what I know, its a nothing company that hired some guys to pump it, Steve Merek and Kerry Reyes. they both screwed MANY people over having them buy at $.80 or so, then dumping it down to $.20. It MAY be ok, but once a company hires scumbags to do things like that, I never trust em.

To: Joe Copia who wrote (24982)	11/18/2002 12:36:53 AM
From: Joe Copia	Respond to of 25711

ENCU ........... latest 10q. Successful emergence from BK: Read latest 10q filed on November 14th. ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS On November 6, 2001 (the "Confirmation Date") the Company's Plan of Reorganization was confirmed by the Bankruptcy Court. As part of the distribution of the New Common Stock under the Plan of Reorganization, shareholders shall tender their Old Common Stock to the Reorganized Company designated Stock Transfer Agent no later than October 15, 2002, in accordance 15 -------------------------------------------------------------------------------- with written instructions to be provided to such holders. Those shareholders who do not submit their certificates for exchange prior to October 15, 2002 shall have its claim or interest and its distribution pursuant to the Plan of Reorganization on account of such Old Common Stock discharged and shall be forever barred from asserting any such claim or interest against the Reorganized Company or their respective property. Additionally, creditors have until December 23, 2002 to submit their ownership confirmation form to the Company, in accordance with the written instructions provided to such holders. Those creditors who do not submit their forms to the Company prior to December 23, 2002 shall have its claim or interest and its distribution pursuant to the Plan of Reorganization on account of such allowed claim discharged and shall be forever barred from asserting any such claim or interest against the Reorganized Company or their respective property. The Company's common stock was approved for trading on the OTC Bulletin Board is now traded under the symbol ENCU. As of September 30, 2002, the Company has issued 13.3 million shares of New Common Stock of the anticipated 20 million shares to be issued pursuant to the Plan of Reorganization.