Enerkon Solar
International (OTC: ENKS) announces Corporate
Updates
New York, NY -- February 8, 2022 -- InvestorsHub NewsWire
-- Enerkon Solar International (OTC:
ENKS) announces today the details on the status of the company
– compliance issues – corporate actions in the benefit of long-term
shareholder value and future shareholder
prosperity.
Today, the Chairman Mr. Benjamin Ballout States
that:
Enerkon Solar International (OTC:
ENKS) has agreed to Accept International Investors Purchase of
the Chairman's control shares in exchange the purchasers secured
promissory note in an amount market to market and in accordance
with the Securities Rules and Regulations
Mr. Ballout holds control shares of ENKS and started the company
from its private company status in 2016 registering as a public
entity in 2017 growing the firm over the last 5 years and selling
NO shares whatsoever from his holdings and disallowing former
owners from selling any shares via his federal action against them
in the State of Nevada last year asking the court to cancel 14.5 M
shares of their holdings that the company feel was not legitimately
held.
The chairman embarked upon many non-dilutive actions such as
cancelling 25 million shares of his common stock converting them to
restricted preferred shares last year (100:1 exchange)
reducing the total OS shares by a very large percentage, and last
week Mr. Ballout Cancelled an additional 7 Million shares in
conversion to Preferred in a preparation to execute the sale of his
holdings in restricted form to new international investors who are
in the High Tech / Research and Scientific
Business.
In compliance with FINRA regulations the company will infirm 10
days in advance of any RECORD DATE for final execution of the share
transfer and sale/Change of effective Control of ENKS to the new
owners – This notice is expected to be delivered early this week
with the proper forms and fees paid for review and other
administrative actions
New owners will submit New Name Change and New CUSIP symbol Change
form and request to FINRA/OTC as well as inform the Transfer agent
– DTC - Attorneys and other outsource, such as Auditors or any
service providers such as OTCIQ subscription
service"
The chairman states that after detailed analysis of the Renewable
Energy Market in the USA it is more valuable to accept a sale in
addition to control shares – all additional assets related to
renewable energy similar holdings to become a private enterprise
again and list in the early future in the UK AIM market instead of
the USA OTC (ARS) – therefore the Investors will purchase from the
company these assets on legitimately discounted market value
including MOUs contracts and other considerations on the same time
as change of control shares are purchased from the
Chairman.
The New owners agree to lock box and non-dilution policy for any
shares purchased and will not resell into the market and will at
all times protect the shareholder value in the same way the
Chairman has done over the past 5 years
In addition to the actions mentioned herein which will conclude
within the 10 day notice record date rule of FINRA for change of
control – the company has decided to Cancel the Coviklear purchase
and return all shares – further cancelling the $5 M USD Note – due
to a breach of corporate governance at Coviklear Holdings (UK)
being a lack of productive, fiduciary duty, supportive of orders
and sales, as initially envisioned, by the transaction participants
and as presented by the parties – therefore the Coviklear
transaction and its debt burden to ENKS is cancelled
today
Further the New owners will reorganize the company into a high tech
– scientific, research and development company holding valuable
intellectual property rights related to compression technology,
encryption and other technology connected to Defense, Bio-Tech,
Agri-Tech, Geno-Tech, Artificial Intelligence and related
disciplines – supported by their team of scientists and experts –
according to their initial talks which we expect to conclude with
final agreements in this week – for which the same will be
published in detail
The Chairman will continue to cooperate with the SEC in their
inquire related to Mansfield Mining and other Microcap Companies –
and will continue to prosecute former owners when the company was
called CHOD under the above-mentioned action in Nevada as an amicus
curie (friend of the court) – The Chairman will further consult
where needed to guarantee a smooth transaction to the new ownership
for the enhanced value and protection of shareholder value where
needed and as long as needed.
The Chairman Message to ENKS shareholders today is March on to
Success and Prosperity under new ownership for which we have
conducted diligence and are very sure are the best choice for the
enhanced – guaranteed value and protection of ENKS shareholders
going forward and the new Legal personality and ownership, business
direction and commercial altitude is absolutely beneficial and
positive for the future in the view of the Chairman who has worked
diligently for shareholders over these 5 years with a flawless
record of protecting shareholder value and increasing shareholder
value
The Chairman stated today that he is certain that shareholders will
benefit greatly from their new company owners and the new business
model and activities, and he is very pleased to be a part of this
great and positive transition.
The foregoing statements are forward looking statements, and as
such, they may or may not reflect the results which could transpire
in the future which should be negative or not transpire at all due
to circumstances or other reasons and investors, shareholders, or
others should not rely on these forward-looking statements to
ascertain any value if any of ENKS or to make any investment
decisions and to take note that this is not an offer to buy or sell
securities or an endorsement of ENKS for investment purposes as all
investment carry a risk of loss sometimes a total loss of your
investment in Micro cap shares markets or any market and therefore
such statements or plans should not be relied upon for any business
decisions of any kind - Approval and permissions required by
federal regulations may or may not be approved and if not approved
may result in the loss of all value and all investments in products
requiring such regulatory permissions to market and sell. These
statements are made as forward-looking statements for educational
purposes only in accordance with the rules and regulations which
pertain to the same – the Company trades on the Expert Market under
the OTC CE designation and Market Makers nor Broker Dealers may
publish unsolicited quotes pursuant to rules 15 c 2 11 and
accordingly until the company reached the current information
status back to Pink Current classification these restrictions
remain.
Enerkon Solar
International Inc.
6th Floor - #6834
477 Madison Avenue
New York, NY 10022 USA
Tel. +1 (877) 573-7797
Tel. +1 (718) 709-7889
www.enerkoninternational.com
info@enerkoninternational.com