Cleantek Industries Inc V.RPC

RE:RE:RE:RE:Such a deal

[rustycat]

Nature,
I assume there were was not an issuance of new shares to add to the float.  I will say, however, that I consider it irrelevant to the current situation.  If RPC doesn't sell pumps(which means Endurance doesn't sell), and by that, I mean enough to be profitable, they are going to be looking for another PP next year.  Now, SEH has just negotiated a .24 CDN  (.19) US or $2.7 million US for 13% of the Company.  And, SEH now controls the entire US Market for all products.  Since I was never able to find an NR put out by Endurance re the first sales agreement and no product identified as mfg. by Raise on the Endurance  website I have fears that Endurance may not aggressively promote all of RPC's products--which would put SEH in the catbird seat when the next PP was forced on RPC.  I don't see anything suggesting that SEH has a history of using this type of strategy, but we certainly have to appeal to SEH's sense of fair play not to take advantage of the situation.  What would get me excited is Endurance placing a new CEO at the helm of RPC and let the current talent at RPC muck around in R&D.  
What scares me is SEH following a "capture and kill" strategy.  
Guess we'll see as the days go by.