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New York, Feb. 08, 2022 (GLOBE 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 …
Full story available on Benzinga.com
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