Endovasc, Ltd, Inc
Endovasc, Ltd., Inc. Self dealing, lying, shady deals, securities fraud

Business & Finance

The following is a letter I received from Charles Schwab re failure to send SEC's 14C that had Nevada dissenters rights within that would have allowed me to keep all my Endovasc shares rather than under going 40 to 1!! Reverse split! This was enough to mean the difference between being a paper millionare or a pauper!

Mr...,
In your email (dated), you accuse Schwab of failing to mail the (ENVC) 14C document to you as a shareholder of record. Schwab uses a vendor to conduct most shareholder mailings received by an issuing corporation. Each issuing corporation may choose how they want to forward any mandatory documents to its shareholders. That responsibility lies solely on the issuing corporation and its delegates.in this case ENVC never provided Schwab with a document or instructions to mail any documents for ENVC to its shareholders of record as outlined in your emails.

In researching your allegation I found documents pertaining to an ENVC private offer that was forwarded to Schwab by another client holding ENVC shares in a Schwab account. The reason I share this with you is because I think it pertinent to your allegations and your persuit of the truth, what did Schwab know and when.

On May 28 Schwab received a fax from a client about ENVC (see copy enclosed). Schwab confirmed the details of this document on May 29 at 2:30pm with Dwight Cantrell CFO, Endovasc LTD., INC. At that time Mr. Cantrell confirmed that the company was conducting a 'Private Offer'to accredited investors only. Endovasc stated that they would be responsible for the mailing to selected Shareholders. Once informed of this Schwab's responsibility is solely passive.

In your latest email you made a specific allegation that Schwab failed to perform on it's fiduciary duties duties, to you, our client. We take issue with this and demand that you stop with these types of allegations against the Charles Schwab Corporation. We reserve the right to take any legal action necessary if you do not stop immediately.

Baddogone0, it is clear through your emails that you feel that you have been wronged. May I suggest that you persue this issue through proper regulatory proceedings rather than an futile email campaign. Making unfounded allegations does not support your quest for satisfaction and may lead to legal action against you.

Sincerely,
Schwab Chairman's Division

Now my question is where can I get the record as to who received dissenters rights and how many shares that represents? The company refuses to unform me. Also although Dr. Summers of Endovasc states over 600 copies were sent to 'shareholders of record' or brokers, Schwab maintains 14C with dissenters rights was never sent for distribution.

I must have been the largest holder with over half million shares, but I was overlooked! Also, if Schwab's letter is taken literally, one would presume that I am not the only client of theirs who was holding Endovasc shares who were not notified. How many Schwab Endovasc shareholders representing how many shares were not notified?

Regardless of the apathy, at least, of Endovasc management, Schwab, who is a major Endovasc 'market maker' probably received a copy at Schwab Capital at least.

So then what would be their excuse?
Is there any remedy? Can my queries ever be answered? But more important can I apply for my dissenters rights after the fact now that both agree I never received notice?

I have found an old 'Herbalife' SEC filing where they extended Nevada dissenters rights for a similar reason, as well as one Peabodys coffee, incorporating in Nevada from California, gave dissenters another chance for failure to notify...

Tony
antigua
Guatemala


Company: Endovasc, Ltd, Inc
Country: USA
State: Texas
City: Montgomery
Address: 15001 Walden Road, Suite 108
Phone: 9364482222
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