RE:RE:Further DilutionEDS CLOSED DOWN MONTHS AGO.
This is a very troubling revelation. Or is it an attempt to shake out a few shares at a cheap price?
I don't know but it has a ring of truth to it. Leung still hasn't completed the EDS website and we haven't heard anything about EDS since march.
"This is the best revenue generating asset we have ever encountered." This statement by Leung in the June 28th announcement caught my eye. Its as if he was trying to downplay EDS.
Leung spent 14 months trying to acquire EDS and he spent somewhere around 1 million dollars of investor money. Then there was the substantial dilution of the company. All of this now appears to have been a total waste if Cleopatra's post is true.
The acquisition of EDS was material news and by law had to be announced. The same is true if EDS has been closed down. Leung has all too often failed to annouce material information in spite of the fact that he has an ethical duty and a legal requirement to inform investors in a timely fashion.
I'll wait a while to give Leung an opportunity to fully inform investors about EDS before contacting the BCSC to request they force Leung to abide by the law and inform investors of the state of EDS. It will also be a good time to request statements on other projects we have never heard anything more about such as the first Leos licencing agreement annouced by Leung a day or two before he was to face an attempted coup at the 2006 AGM. I would like to know documentation exists to prove this annoucement was true and accurate.
Cleopatra1, could you provide an explanation as to how you came upon this information?