RE:RE:RE:Just a Matter of TimeRicardo doesn't have any inside knowledge. If anything this is the beginning of another attempt at a pump and dump like the one stockguruguy perpetrated a couple months ago.
Grossprftt, you asked if Empower has any employees. Its very doubtful. Leung quietly shut down the AIC office on Granville St in downtown Vancouver last summer. He still hasn't made a public announcement about that.
The only employees I am aware of work for AIC/EPT at the Richmond AIC store. Its a very small hole in the wall storefront. Leung shut down the other 3 AIC stores after failing to make them profitable. Now he claims he is going to rebuild the AIC website for online shopping. Leung made that claim June 29/15. I think we will eventually see the new AIC website but it won't help the shareholders get their money back.
Empower needs a massive financial injection to recapitalize. Nobody is going to do that as long as Leung is in control of the money and CEO.
Its also about 2 1/2 years since Leung claimed "legal professionals" were working on capitalizing on the handwriting patent.
This claim reminds me of the announcement Leung made a few days before the June 2006 AGM where he knew he was facing an attempt by at least one CIBC broker who had proxy votes from all their clients to fire Leung as CEO. Suddenly Leung's business plan, 6 years in the making was a succcess! Leung claimed he signed a licensing agreement with an un-named company in an unidentified business "somewhere on the US west coast." He also claimed to have other "early adopters." We never heard another thing about these mystery companies and Leung wasn't fired.
In the nearly 16 year history of this company Leung has squandered more than $35.5 million dollars. Investors lost their life savings, their homes, others remortgaged homes etc. T
The stockbroker involved was investigated after complaints were filed against him by his clients and he was forced to quit. This allowed him to claim he "retired". That was another one of his many, many lies.
Paul Leung, the self proclaimed "visonary" has been caught on multiple occassions lying by illegally withholding crucial material information. [lies by omission]
At the AGM Leung votes himself back in as CEO and then "allows" about 5 minutes for questioning. He then starts yelling to drown out any legitimate questions an investor may have about the history of this company or any of his harebrained schemes.
Leung has failed at more projects, contracts and partnerships than I can remember. Its worth noting Leung deleted the first 12 years of this companies history when he declared a "new beginning" with the current website launched in July 2013 website.
I could go on and on. I know far more than what is written here.
I think there is a possibility an RCMP IMET investigation will eventually take place. The stockbroker can be proven to be a fraudster with one posting of his voice on youtube. He's an old school Howe St sleaze.
Yes, its possible the handwriting patent may amount to something but I doubt it. Other than the patent this company is nothing more than a rinkydink telco with a very narrow market primarily made up of new chinese canadians who don't speak english well enough to deal with a real company.
The investors who were sucked into buying this garbage nearly 16 years ago are very angry. Especially the investors who paid $2.25/share at the June 2005 financing. They were told for close to 10 years that the stock was going to go to $10-$20-$40-even as high as $75/share. The stockbroker would always have a story about Leung being close to signing contracts. Just 2 more weeks! These lies were what kept investors supporting Leung for so many years. Its an incredible story of manipulation and fraud by the broker who is a master conman.
I was told by another investor that Gawd is dealing with the broker for his sins. I don't know what the investor meant by that comment.
One thing Leung is very good at is diluting the company for himself, his wife CFO Amy Chan, other directors and board members. Leung just awarded 8 million options to himself, the board and directors last month. For what?
Its a very long story and there is so much more. Read my previous posts if you want to learn more.