EMPOWER TECHNOLOGIES CORP V.EPT

Legal Battle Ahead

[walker77]

The CEO and founder of Northstar, Dr. Wilson Russell has served notice he does not intend on going down without a fight. As the founder of Northstar the company is most likely very close to his heart and I expect he will fight tooth and nail to keep from losing it. This could be a long, drawn out legal battle that could take weeks, months or even years.

Here is Dr.Russell,s response.

Northstar Electronics, Inc. (OTCQB: NEIK) has received notice that the intended purchase of its subsidiary, Northstar Network Ltd (NNL) has been canceled by Empower Technologies Corporation. It is the Company's opinion that it was in compliance with all provisions of the Definitive Share Purchase Agreement including loan agreements. Previous unrelated loan settlements regarding ongoing debt obligations of NNL remain in place.

Northstar is making plans to increase support of NNL's activities to carry out an existing long-term contract and to pursue additional project opportunities with a major contractor.

Northstar through its subsidiary Echotec Sonar continues its development and planned sales of the 3-D Sonar product.

The full announcement is attached to the link below.

www.stockwatch.com/News/Item.aspx?bid=U-i0958159-U%3aNEIK-20121126&symbol=NEIK&region=U

[axis360]

Let them "fight" they will LOSE! Northstar DEFAULTED on their loan. They put up their assets as collateral.  Northstar agreed to the terms in the contract. Northstar didn't live up to the agreement. Empower has the legal right to Northstar's assets. Live with it! I beilieve you are a mole for Northstar. Do NOT believe this Walker77" They are NOT Empower's friend

[walker77]

Who is the real enemy? For nearly 13 years Paul Leung has been a total disaster. He is responsible for having lost 27 million dollars of investor money. He sold investors this krap for $2.25 and it sold 2 days ago for 3.5 cents. He has also created a long string of worthless garbage that nobody wants to buy.  -5910, 5912 -Osaka radio -PND -Inflight These are only a few of Leung,s multi

[JohnBoy4]

Dont worry about Walker he is also known as Krakhead and Musicman, lost a ton a few years ago and has never let it go.  Now I think he is trying to have Paul throw a defamation lawsuit at him.  Hes just one of the old eccentric characters on this board.  JB

[LillyG]

Shooting the messenger might make you feel better but won't help you escape reality.A stock down to 3.5 cents after 13 years of constant decline is reflecting pretty much everything Walker pointed out. If you disagree than do that based on convincing arguments against the things he said and not by name calling As an investor my reason for participating in blogs like this is to share

[LillyG]

Shooting the messenger might make you feel better but won't help you escape reality.A stock down to 3.5 cents after 13 years of constant decline is reflecting pretty much everything Walker pointed out. If you disagree than do that based on convincing arguments against the things he said and not by name calling As an investor my reason for participating in blogs like this is to share

[walker77]

Thanks for the support LillyG. I also appreciated your other post as well.   There is a great deal I could write concerning JB and his buddy who happens to be the broker who sold this stock to many of his clients who have lost hundreds of thousands each. Yes, I have lost far more than I care to think about and so have many others. JB and his buddy go way back and he is loyal