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rancho, to the best of my knowledge the shareholders of GEECF could in fact also own shares of ERHE. All I know for a fact is that Mrs. Noreen Wilson is a officer of GEECF and a shareholder (only a shareholder) of ERHE.
chcr
chcr - about GEEC. I have some concerns about their relation to another company, based mainly on the fact that certain people are found in the SEC filings of both companies. It is apparent that you are not "neutral" in regards to GEEC and I'm not looking for a bash, but I would appreciate any verifiable information. I'm sure you know that some of these people own a significant number of shares. I'm just poking around to see what's with the selling, and in so doing, protect my investment.
If someone has tens of millions of shares and is selling just because they can, I'd like to know. Maybe you would too.
Global Environmental in Bankruptcy
FeeDueBK, PlnDue, DsclsDue
U.S. Bankruptcy Court
Eastern District of Louisiana (New Orleans)
Bankruptcy Petition #: 05-14201
Assigned to: Jerry A. Brown
Chapter 11
Voluntary
Asset
Date Filed: 05/19/2005
Global Environmental Energy Corporation
4640 South Carrollton Avenue
Suite 2A-6
New Orleans, LA 70119
Tax id: 129 148 41
Debtor
aka
Life Energy and Technology Holdings, Inc.
aka
Health Pak, Inc. represented by Douglas S. Draper
650 Poydras Street
Suite 2500
New Orleans, LA 70130
(504) 581-9595
Fax : (504) 525-3761
Email: dsd@hellerdraper.com
Office of the U.S. Trustee
400 Poydras Street
Suite 2110
New Orleans, LA 70130
(504) 589-4018
U.S. Trustee
Filing Date # Docket Text
05/19/2005 1 Chapter 11 Voluntary Petition. Receipt Number cc, Fee Amount $839. Filed by Global Environmental Energy Corporation. Chapter 11 Plan due by 9/16/2005. Disclosure Statement due by 9/16/2005. (Attachments: # 1 Unanimous Written Consent# 2 20 Largest Unsecured Creditors# 3 Matrix# 4 Creditor Matrix Verification) (Draper, Douglas) (Entered: 05/19/2005)
05/19/2005 Deadline(s) Set: Schedules A-J, Summary of Schedules,Statement of Financial Affairs, Disclosure of Attorney Compensation- Incomplete Filings due by 6/3/2005. (Nunnery, J.) (Entered: 05/20/2005)
GEECF website has been down for days. Paid press releases still coming out. GEECF in bankruptcy, the shareholders will loose their money. This is way to sad!
From another board GEEC trobles....
To: jmhollen who wrote (14) 5/21/2005 2:16:01 PM
From: jmhollen of 15
MARKET: After Hours News and Late Trading [delayed]
Ridgeland, MS, MAY 04, 2005 (EventX/Knobias.com via COMTEX) --
IBM: Announces Restructuring and Workforce Reductions; VVUS: Positive Trial Data re Avanafil for Erectile Dysfunction; EMKR: Q2 Results 16c vs (24c); Beats (14c) Est; IVII: Q1 Results 17c vs 17c; Beats 11c Est; GPRO: Q1 Results 26c vs 39c; Beats 24c Est; In-Line Guidance; CORT: Begins Ph III Trial of CORLUX(R) for Psychotic Depression; STJ: FDA Approval and Launch of IsoFlex(R) P; LNT: Erroll Davis to Step Down as CEO; William Harvey to Succeed; CCRT: Q1 Results 94c vs 36c; Beats 69c Est; In-Line Guidance; AMKR: Q1 Results Adj (40c) vs 9c; Misses (37c) Est; CECX: Castle Energy Announces Special $1.00 Dividend**After Hours Advanced**
* IVII: Q1 Results 17c vs 17c; Beats 11c Est* EMKR: Q2 Results 16c vs (24c); Beats (14c) Est* BKHM: Q3 Results Adj (82c) vs (99c); Beats (85c) Est; Ups Guidance* CECX: Castle Energy Announces Special $1.00 Dividend* EDMC: Q3 Results 45c vs 34c; Beats 41c Est* RNDC: Q1 Results 1c vs (1c); Meets 1c Est; In-Line Guidance* CCRT: Q1 Results 94c vs 36c; Beats 69c Est; In-Line Guidance* WFMI: Q2 Results 61c vs 53c; Beats 58c Est
**After Hours Declined**
* ARBX: Q1 Results Adj 5c vs 4c; EPS +25% Y/Y* PGIC: Q1 Results 4c vs (11c); Meets 4c Est; In-Line Guidance* TACT: Q1 Results 2c vs 12c; Meets 2c Est; Lowers Guidance * GPRO: Q1 Results 26c vs 39c; Beats 24c Est; In-Line Guidance* AMKR: Q1 Results Adj (40c) vs 9c; Misses (37c) Est * MTXX: Q1 Results 9c vs 6c; Meets 9c Est* AXCA: Q2 Results 12c vs 24c; Misses 20c Est* IVIL: Q1 Results (2c) vs (1c);
**After Hours News**
* NIHK: Receives Order from WisperTEL* FPFC: Appointment of Paul Musgrove as CFO* IBM: Announces Restructuring and Workforce Reductions* GEECF: To File Form 15 to Deregister Stock* STJ: FDA Approval and Launch of IsoFlex(R) P* OCAS: Completes Redemption of Conv Notes Notes Due 2022* RDC: Awarded Contract for Super 116E Class Jack-Up Rig* LNT: Erroll Davis to Step Down as CEO; William Harvey to Succeed* UCPI: Drilling Agreement w/La Mesa Partners for KY Well* TRA: To Prepay $75M Loan; Shareholders Approve Redemption of Preferred Shares* CORT: Begins Ph III Trial of CORLUX(R) for Psychotic Depression* RA: To Acquire Office Bldg. in Long Island, NY for $470M* CINF: Completes Exchange Offer and $420M Buyback* ATA: Announces New Auditor; To Submit Compliance Plan to AMEX* VVUS: Positive Trial Data re Avanafil for Erectile Dysfunction* CLDN: Board Authorizes $5 Million Buyback* PCBI/PBNC: $33.8 Million Merger Agreement* TS: Completes Acquisition of Romanian Steel Producer* ARNA: EU Patent Issued for 5-HT2C Receptor for Obesity* PFT: Receives Notice of Non-Compliance from AMEX* ADRX: Licensing Agreement w/Amphastar for Generic Lovenox(R)* IFT: Receives Non-Compliance Letter from AMEX* MANT: To Acquire Gray Hawk Systems, Inc.* AKC: Receives Non-Compliance Letter from AMEX* OIS: Acquisition of Stinger Wellhead Protection Inc. for $83.1M
**After Hours Earnings**
NWS PRU GT AIZ NFS WFMI MXO EXPD NC SEB SYMC WGII ARG ILA GPK GXP WWCA SPTN KFS UVN AMKR CENT PCR KRO CENX ADRX EDMC ANDE TTEC ASCA NEU VPI HMN MANT GES FIX UNA CCRT BGFVE AGII THQI MRD CREO NFP CDIS QLGC SGY MMS AEA ARBX CERG PMACA FRT QSFT WFII MRN ACLS MMLP OSIS WSII PVA STKL AHOM ESS RNWK DLLR ENN GPRO SGDE SMA AXCA STEC ANPI PKS GNSS VCLK BKHM CRO AHT PVR IRC NILE LSRI SFE ASI PEET OPMR CNS SSS PRSC EMKR BFS TFSM AFT STL BNT OIIM RTEC PGIC NTCT IVII QVDX CPHD GTY IVIL CT MTXX ONXS EMBTE ADEO MBVT HMSY TACT TCOW HRSH VNUS INTT DESC CTRA TORM LGBT ZVXI CNAF ALLN THRX GOOD VCMP AETH REDW LMRA KERX CLRS
**After Hours Ratings**
* CNEZF: Merrill Lynch Mentions; Ups Tgt to C$8.5 vs $7
**Economic Data Due Tomorrow**
05/05/2005 08:30 ET Initial Claims-04/30 (Consensus: 324K; Previous: 320K)05/05/2005 08:30 ET Productivity-Prel.-Q1 (Consensus: 1.8%; Previous: 2.1%)
**Confirmed Earnings Due Before Market Open**
CVS MCIP WMB TRW AES TXU G CPN DISH RRD PPL RRI BBI JNY CNO ATK WGR ARS SPH TSG JAH TECUA GSF FTO AIV PWR HHGP PRM CXW NEW BRL OSG PRGO BWNG MSA IDA GTI MDTH PXP MZ WW CEI TRZ BVF CPC GIL HRP VRX CLI WLDA IPMT IGI ECIL NXL LABS THE EPL HAE RHB CURE PLA LGN ACET TLCV ROIA MGPI MYK KCS ACAP FWHT TNP IWA FS HIH IHR LXP AVD ENZN LCUT HOS SBSA TDSC TKCI EFJI EASY TKTX CMPX PXG WOLF TPTH CALP RGCI CRY ULBI AMV CGPI MSON EVOL VTAL ISIS TWTI BABY FTEK AUXL TACX VWPT SCLN ORBT CYTO TICC NTMD AGEN
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scion, Apologies don’t come easily for me…but it’s much easier to say I’m wrong and you were right, knowing what I now know about GEECF/LETH. The only excuse or explanation I can give is that I trusted this company and they lied. All I can do is offer my apology and tell you that you were right all along.
chcr
GEECF/LETH Must read!!!!
May 16, 2005
Mr. Joe Shea, Editor-in-Chief joeshea@cal.net
The American Reporter joeshea@netcom.com
1812 N. Ivar Ave., no.5
Hollywood, CA 90028-5026
Dear Mr. Shea:
You are hereby notified that the factual content of your Internet posting entitled “Phil Nugent, ERHC Founder, Faces Issues With New Company” is FALSE. A public retraction to this posting is expected.
Mr. Nugent is not “battling to save his newest enterprise, Global Environmental Energy Corp”.
Global is not an “enterprise” of Mr. Nugent’s; he does not have any interest in this company; he is not battling, fighting, struggling, or otherwise exerting himself to “save” this company; and, most importantly, the Sunday London Times article quoted does not mention Mr. Nugent!
For you to flatly state that Mr. Nugent or his company, ERHC, has any management or ownership interest in Global Environmental, a company that is described as insolvent and facing numerous punitive damage and director/investor actions against it, as well as possible tax liability actions, is not only patently libelous but could be characterized as an intentionally tortuous act made with the intention of causing financial harm to Mr. Nugent who is a stockholder of ERHE along with thousands of other people around the world. In fact, Mr. Phil H. Nugent filed a lawsuit on May 9, 2005 against GEECE in Civil District Court in the Parish of Orleans, state of Louisiana; specifically it is civil action Number 2005-6260 Division N-8. This is a suit for Breach of Contract and Dissolution of Partnership Agreement
Consequently, demand is made upon you to publicly withdraw and rescind these allegations and falsehoods. We expect you to print a public retraction on your website blog using the same size and style print as the original article. Failure to publicly retract these falsehoods within the next 3 business days will cause my client to seek redress against you in the Federal Court System of the United States of America.
Your immediate attention to clearing up this matter is appreciated.
chcr: Sure thing. I have no intention of wasting my time.
Cheers
2.77
I am getting real antsy and ready to sale. Up almost 300% for me. Should I hold for the Dividend or Run with my money.
Last Trade: 2.25
Trade Time: 3:59PM ET
Change: 0.57 (33.93%)
Prev Close: 1.68
Open: 1.79
Bid: 2.25 x 500
Ask: 2.26 x 500
1y Target Est: N/A
Day's Range: 1.78 - 2.28
52wk Range: 0.419 - 2.8095
Volume: 2,017,475
Avg Vol (3m): 51,695
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
Last Trade: 1.68
Trade Time: 3:59PM ET
Change: 0.26 (18.31%)
Prev Close: 1.42
Open: 1.45
Bid: 1.66 x 500
Ask: 1.68 x 500
1y Target Est: N/A
Day's Range: 1.44 - 1.73
52wk Range: 0.419 - 2.8095
Volume: 973,922
Avg Vol (3m): 51,695
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
Last Trade: 1.42
Trade Time: 3:59PM ET
Change: 0.17 (13.60%)
Prev Close: 1.25
Open: 1.37
Bid: 1.42 x 500
Ask: 1.43 x 500
Day's Range: 1.30 - 1.45
52wk Range: 0.419 - 2.8095
Volume: 380,080
Avg Vol (3m): 51,695
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
1d 5d 3m 6m 1y 2y 5y
Weekend: On the Road to HDTV Paradise
Add GEEC.OB to Portfolio Set Alert Download Data
GLOBAL ENVIRONMTL EN (OTC BB:GEEC.OB)
Last Trade: 1.16
Trade Time: 3:59PM ET
Change: 0.15 (14.85%)
Prev Close: 1.01
Open: 1.04
Bid: 1.12 x 500
Ask: 1.16 x 500
Day's Range: 1.03 - 1.21
52wk Range: 0.419 - 2.8095
Volume: 635,208
Avg Vol (3m): 51,695
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
GEEC Last Trade: 1.01
Trade Time: 3:59PM ET
Change: 0.21 (26.25%)
Prev Close: 0.80
Open: 0.80
Bid: 0.92 x 2500
Ask: 1.01 x 500
Day's Range: 0.80 - 1.01
52wk Range: 0.419 - 2.8095
Volume: 288,651
Avg Vol (3m): 51,695
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
Press Release Source: Global Environmental Energy Corp.
Global Environmental Energy Corp. Subsidiary, Biosphere Development Corp., Signs Letter of Intent with Municipality of Silistra for the Purchase of $8,600,000 Biosphere System
Wednesday January 12, 10:04 am ET
NASSAU, Bahamas--(BUSINESS WIRE)--Jan. 12, 2005--Global Environmental Energy Corp. (OTCBB:GEEC - News; FWB:LFT) today announced that it has filed an 8K with the securities and Exchange Commission on 30 December 2004 confirming that Biosphere Development Corp. has signed and exchanged a Letter of Intent with the Municipality of Silistra, Bulgaria.
On December 21, 2004, Biosphere Development Corp. and the Municipality of Silistra signed a Confidentiality Agreement and Letter of Intent for the establishment of a Joint Venture Company. The intended Joint Venture Company will to employ Biosphere(TM) Process technology to process municipal solid waste while producing electricity and potable water. It is intended that this new joint venture company will purchase a Biosphere(TM) Process System and a water bottling plant from Biosphere Development Corp. for approximately USD$8,600,000 with sufficient capacity to process 70,000 tonnes of municipal solid waste per annum, producing approximately 43,500 MWH of electricity and 43,500,000 litres of bottled potable water per annum.
About the Municipality of Silistra
Foreign direct investment (FDI) inflow in Bulgaria for 2004 amounted to 2,020 million euros, whilst domestic investment has increased by 1,813 million euros for January-September 2004 (www.countrywatch.com). Such investments are rapidly expanding the Bulgarian economy. In January through September 2004, Bulgarian GDP is estimated to have increased by 5.7% (www.countrywatch.com) as compared to an increase of only 4.8% in the 12 months of 2002. Bulgaria is a country of 7.8 million people (www.cia.gov). Bulgaria, like Croatia, Romania and Turkey are candidate countries for entry to the European Union. Bulgaria is scheduled to become a member of the European Community on January 1, 2007. The European Union currently has 25 member states. In advance of its accession to the European Union, Bulgaria, in common with other countries joining, is experiencing an explosion in economic growth.
In 2001 Bulgaria consumed 32.52 billion kWh of electricity with an average value of approximately USD$60 per MWH (www.indexmundi.com). A report by Zenith International in January 2004 (www.zenithinternational.com) identified the East Europe Bottled Water market as a thirst unquenched. According to the Bulgarian Soft Drinks Association, consumption of soft drinks in Bulgaria has increased by 13 million litres during the first quarter of 2004 in comparison with the same period in 2003 with an average value of approximately USD$0.25 per litre (www.novinite.com). According to the Bulgarian Soft Drinks Association (www.bia-bg.com), bottled water enjoyed greatest interest and is one of the best scorers together with fruit juices. Bulgarian brands continue to dominate the segment making up 90% of the sales.
About Biosphere Development Corp.
Biosphere Development Corp is a subsidiary of Global Environmental Energy Corp. Global Environmental Energy Corp intends to become a fully integrated energy company whose interests will include traditional oil and gas and alternative energy sources, environmental infrastructure and electrical micro-power generation. Biosphere Development Corp's unique proprietary technology, EcoTechnology(TM), supplies energy through an efficient and environmentally safe process. The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, can safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) can assist in solving the global waste problem by converting into clean, green electricity such waste materials as: municipal solid waste (MSW), agricultural surpluses, agricultural effluents, forestry wastes, sewage sludge, medical waste, industrial wastes, flared natural gas, shale oil, sour natural gas, high sulfur oils, waste bilge oil, waste drilling muds and fluids, and many other traditional and non-traditional waste materials.
It is the intention of Global Environmental Energy Corp that Biosphere Development Corp will become a fully reporting and trading company in the future if accepted by the SEC and the NASD for trading. Global Environmental Energy Corp maintains a web site at http://www.globalenvironmentalenergy.com/index.htm.
Note to Investors
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. The forward-looking information is based upon current information and expectations regarding Global Environmental Energy Corp. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements.
Global Environmental Energy Corp. assumes no obligation to update the information contained in this press release. Global Environmental Energy Corp.'s future results may be impacted by risks associated with rapid technological change, new technological developments and implementations, execution issues associated with new technology, manufacturing production to meet demand, litigation, media publicity and the negative impact this could have on sales, competition, financial and budgetary constraints of prospects and customers, international order delays, dependence upon limited source suppliers, fluctuations in component pricing, government regulations, dependence upon key employees, and its ability to retain employees. GEEC's future results may also be impacted by other risk factors listed from time to time in its SEC filings, including, but not limited to, the Company's Form 10-QSBs and its Annual Report on Form 10-KSB.
----------------------------------------------------------------
Contact:
Global Environmental Energy Corp.
Dr. C. A. McCormack, 877-723-6315
www.globalenvironmnetnalenergy.com
GEEC Homerun Stock of the Year!
Breaking News
Breakout Alert!
Any worldwide waste-to-energy Company directed by powerful political leaders, displaying continuous contracts, exponential growth, with $2 Billion of financing available, and multiple stock dividends is a launching pad for incredible profits.
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GEEC is thriving as an emerging world leader in the conversion of waste materials into electrical energy by utilizing their Biosphere Process System, making them the hottest undervalued stock at this price level where shares are ready to explode on huge investor attention.
The Power of Politics
The influence of GEEC Chairman, former Prime Minister of Ireland Dr. Albert Reynolds, has secured a $2 Billion line of credit for GEEC and opened doors in over a dozen countries.
The unique proprietary technology of the Biosphere fills an urgent worldwide need for cost-effective renewable energy sources and a corresponding universal need to solve critical problems in the disposal of waste. The Biosphere System provides the highest level of innovative technology while securing worldwide acceptance for a revolutionary product designed to significantly impact the global waste problem while simultaneously generating electricity.
The Biosphere System enables GEEC to draw revenue from the disposal of various types of waste at 5 to 7 tons per hour including such materials as:
Municipal Solid Waste
Refinery wastes
Agricultural surpluses or effluents
Medical waste
Industrial waste
Shale oil
Sour natural gas
The huge market of used tires...
are all converted in the Biosphere Process.
GEEC also profits from the sale of electricity created from the waste conversion on a continuous basis by generating 5 to10 mega-watts per hour of electricity which is then sold to replenish the local or national grid.
GEEC: Solving a Worldwide Crisis - Waste and Energy!
Environmental Problems of the 21st Century
Over-crowded Landfills
Worldwide Waste Disposal
Electrical Shortages
Solution?
The Biosphere Process succeeds in fulfilling an urgent worldwide need for cost-effective renewable energy sources and a corresponding universal need to solve critical problems in the disposal of waste. GEEC has secured international acceptance for a revolutionary product designed to significantly impact the global waste problem while a major push for generating electricity from alternative sources continues to be the hot topic due to shortages and massive power failures.
Purchase Orders for the Biosphere have rocketed beyond all estimates for GEEC with no signs of slowing. The numbers continue to stack-up as the backlog of orders for the Biosphere exceeds $100 Million over the past year while the stock price doesn't yet reflect the appearance of these impressive figures on an upcoming balance sheet. We are not the first to uncover this phenomenon as the stock is under accumulation, but we are acting aggressively on this recently filed data.
Investors are recognizing GEEC as the most Undervalued Stock on the OTCBB
GEEC has experienced a recent spike in price and volume indicating heavy accumulation of shares which is a sign of even bigger things to come for this emerging world leader in the conversion of waste materials into electrical energy, an industry with such high global demand that it is impossible to assign a value to the size of the market.
Any worldwide waste-to-energy Company directed by powerful political leaders, displaying continuous contracts, exponential growth, with $2 Billion of financing available, and multiple stock dividends is a launching pad for incredible profits.
GEEC has a very small float and a total market value which is less than half of their available cash based on receiving $51 Million as indicated as a “Subsequent Event” in their latest Quarterly Report.
Additionally, GEEC has the impressive backlog of sales already in the pipeline which is the catalyst needed to achieve record-setting stock price levels in support of the Company's breakout year. The added kicker is that GEEC has historically released "batches" of very significant news announcements regarding successfully completed sales contracts early in the calendar year. We feel that pattern is repeating itself as evidenced by what has recently been released with some very big surprises still to come. There aren't any companies at any price level with the technology or exponential sales growth to match GEEC which will enable the stock to move very quickly as the value of their contracts are revealed.
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When are the results of the Libya oil round supposed to be announced? Does Sahara/GEEC have any interest in this area at this time, or are they looking towards something in the future?
Global Environmental Energy Corp. -- OTCBB:GEEC -- Forms Sahara Petroleum Exportation Corp. and Agrees to Pay Dividend to Global Shareholders
December 17, 2004 10:52:00 AM ET
Global Environmental Energy Corp. GEEC (FWB:LFT) has caused as of December 16, 2004, the formation of a wholly-owned subsidiary, Sahara Petroleum Exploration Corp., located in New Providence in the Commonwealth of Bahamas.
Global Environmental Energy Corp. intends to issue the stock dividend as of the record date "ONLY" to shareholders that own not less than 100 shares of Global Environmental Energy Corp.; 3 new shares of Sahara Petroleum Exploration Corp. will be issued for each 100 shares of Global Environmental Energy Corp. owned on the record date. By way of example, the owner of 100 shares of Global Environmental Energy Corp. will receive 3 shares of Sahara Petroleum Exploration Corp. as a dividend; the owner of 199 shares of Global Environmental Energy Corp. will receive 3 shares of Biosphere Development Corp. as a dividend.
The record date will be January 15, 2004, with delivery on or about January 30, 2005. In order to receive the stock dividend, a stockholder of record on the record date must continue to hold GEEC stock through the dividend payment date of January 30, 2005.
As GLOBAL continues to expand, the value of the Company's assets will be developed more efficiently through operating subsidiary companies. Sahara was formed to maximize the Company's potential as a fully integrated energy company, but especially to develop the Company's potential in Libya and Algeria.
As part of this overall strategy, GLOBAL intends to cause Sahara to become a fully reporting trading company in its own right, and will be filing all required paper work with the SEC and NASD.
About Global Environmental Energy Corp.
Global Environmental Energy Corp. intends to become a fully integrated energy company whose interests will include traditional oil and gas and alternative energy sources, environmental infrastructure and electrical micro-power generation. Global Environmental Energy Corp.'s unique proprietary technology, EcoTechnology(TM), supplies energy through an efficient and environmentally safe process. The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, can safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) can assist in solving the global waste problem by converting into clean, green electricity such waste materials as: municipal solid waste (MSW), agricultural surpluses, agricultural effluents, forestry wastes, sewage sludge, medical waste, industrial wastes, flared natural gas, shale oil, sour natural gas, high sulfur oils, waste bilge oil, waste drilling muds and fluids, and many other traditional and non-traditional waste materials.
Note to Investors
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. The forward-looking information is based upon current information and expectations regarding Global Environmental Energy Corp. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements.
Global Environmental Energy Corp. assumes no obligation to update the information contained in this press release. Global Environmental Energy Corp.'s future results may be impacted by risks associated with rapid technological change, new technological developments and implementations, execution issues associated with new technology, manufacturing production to meet demand, litigation, media publicity and the negative impact this could have on sales, competition, financial and budgetary constraints of prospects and customers, international order delays, dependence upon limited source suppliers, fluctuations in component pricing, government regulations, dependence upon key employees, and its ability to retain employees. GEEC's future results may also be impacted by other risk factors listed from time to time in its SEC filings, including, but not limited to, the Company's Form 10-QSBs and its Annual Report on Form 10-KSB.
Contact Information: Global Environmental Energy Corp. Dr. C. A. McCormack, 877-723-6315 www.globalenvironmnetnalenergy.com
© 2004 BusinessWire
Press Release Source: Global Environmental Energy Corp.
Global Environmental Energy Corp. Extends Stock Dividend Record Date
Tuesday December 7, 10:19 am ET
NASSAU, Bahamas--(BUSINESS WIRE)--Dec. 7, 2004--Global Environmental Energy Corp. (OTCBB:GEEC - News; FWB:LFT) has extended the Stock Dividend Record Date for the payment of a stock dividend in Biosphere Development Corp.
The original record date was to be December 15, 2004. The company has now extended the record date to January 11, 2005.
The corresponding dividend payment date will be January 31, 2005. Signature Stock Transfer will mail the new shares of Biosphere Development Corp. to existing shareholders of Global Environmental Energy Corp., as soon as possible after the payment date without any action being necessary on the part of the shareholder of record.
Global Environmental Energy Corp. intends to issue the stock dividend as of the record date "ONLY" to shareholders that own not less than 100 shares of Global Environmental Energy Corp. 3 new shares of Biosphere Development Corp. will be issued for each 100 shares of Global Environmental Energy Corp. owned on the record date. By way of example, the owner of 100 shares of Global Environmental Energy Corp. will receive 3 shares of Biosphere Development Corp. as a dividend; the owner of 199 shares of Global Environmental Energy Corp. will receive 3 shares of Biosphere Development Corp. as a dividend.
Biosphere Development Corp. is a wholly owned subsidiary of Global Environmental Energy Corp. Biosphere Development Corp. was formed to be able to better develop the biosphere technology and expand our ability to become a major player in alternative energy.
Shares in Biosphere Development Corp. are not registered with the SEC and therefore are not freely tradable or transferable. Biosphere Development Corp. is not a 12-G reporting company at this time. It is the intention of Global Environmental Energy Corp., that Biosphere Development Corp. will become a fully reporting and trading company in the future if accepted by the SEC and the NASD for trading.
About Global Environmental Energy Corp.
Global Environmental Energy Corp. intends to become a fully integrated energy company whose interests will include traditional oil and gas and alternative energy sources, environmental infrastructure and electrical micro-power generation. Global Environmental Energy Corp.'s unique proprietary technology, EcoTechnology(TM), supplies energy through an efficient and environmentally safe process. The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, can safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) can assist in solving the global waste problem by converting into clean, green electricity such waste materials as: municipal solid waste (MSW), agricultural surpluses, agricultural effluents, forestry wastes, sewage sludge, medical waste, industrial wastes, flared natural gas, shale oil, sour natural gas, high sulfur oils, waste bilge oil, waste drilling muds and fluids; and many other traditional and non-traditional waste materials.
Note to Investors
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. The forward-looking information is based upon current information and expectations regarding Global Environmental Energy Corp. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements.
Global Environmental Energy Corp. assumes no obligation to update the information contained in this press release. Global Environmental Energy Corp.'s future results may be impacted by risks associated with rapid technological change, new technological developments and implementations, execution issues associated with new technology, manufacturing production to meet demand, litigation, media publicity and the negative impact this could have on sales, competition, financial and budgetary constraints of prospects and customers, international order delays, dependence upon limited source suppliers, fluctuations in component pricing, government regulations, dependence upon key employees, and its ability to retain employees. GEEC's future results may also be impacted by other risk factors listed from time to time in its SEC filings, including, but not limited to, the Company's Form 10-QSBs and its Annual Report on Form 10-KSB.
----------------------------------------------------------------
Contact:
Global Environmental Energy Corp.
Dr. C.A. McCormack, 877-723-6315
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Source: Global Environmental Energy Corp.
Press Release Source: Global Environmental Energy Corp.
CLARIFICATION/Global Shareholders Receive Stock Dividend From New Global Subsidiary: Biosphere Development Corp.
Thursday November 18, 11:03 am ET
NASSAU, BAHAMAS--(BUSINESS WIRE)--Nov. 18, 2004--Global Environmental Energy Corp. (OTCBB:GEEC - News; FWB:LFT) wishes to issue the following clarification to its release BW5977 (LA-GLOBAL-ENVIRONMENTAL) "Global Shareholders Receive 10% Stock Dividend from New Global Subsidiary: Biosphere Development Corp." issued Tuesday, Nov. 16, 2004:
Global Environmental Energy Corp. (OTCBB:GEEC - News; FWB:LFT) ("GLOBAL"), confirmed that the company has filed an 8-K stating that on November 11, 2004 the Board of GLOBAL approved the formation of a wholly owned subsidiary, and a stock dividend of Biosphere Development Corp. ("BIOSPHERE"), and believes that an additional explanation to shareholders is warranted.
Existing shareholders of GLOBAL are to receive 3 shares of Biosphere for every 100 shares of GLOBAL. The Company for ease of issuance has rounded up to three shares.
The record date will be December 15, 2004 with delivery on or about January 5, 2005. In order to receive the stock dividend, a stockholder of record on the record date must continue to hold GEEC stock through the dividend payment date of January 5, 2005.
As GLOBAL continues to expand into a fully integrated energy company, the value of the Company's assets will be developed more efficiently in operating subsidiary companies. Biosphere Development Corp. has been formed as research and development company to maximize the potential of the Company's Biosphere Technology and to acquire new green technologies.
As part of this overall strategy, GLOBAL intends to cause Biosphere Development Corp. to become a fully reporting trading company in its own right and will be filing all required paper work with the SEC and NASD.
About Global Environmental Energy Corp.
Global Environmental Energy Corp. intends to become a fully integrated energy company whose interests will include traditional oil and gas and alternative energy sources, environmental infrastructure and electrical micro-power generation. Global Environmental Energy Corp.'s unique proprietary technology, EcoTechnology(TM), supplies energy through an efficient and environmentally safe process.
The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, can safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) can assist in solving the global waste problem by converting into clean, green electricity such waste materials as: municipal solid waste (MSW), agricultural surpluses, agricultural effluents, forestry wastes, sewage sludge, medical waste, industrial wastes, flared natural gas, shale oil, sour natural gas, high sulfur oils, waste bilge oil, waste drilling muds and fluids; and many other traditional and non-traditional waste materials.
Bwaaaaaaaaaa Ha Ha Haaaaaaaaaaaaaaaaaaa!
http://host.wallstreetcity.com/wsc2/Autoflag.html?Button=Get+Story&DB=SQL&SID=264b1499&S...
What a TOTAL SCAM!
Timing
Global Environmental Energy Corp. to Trade with New Symbol as OTCBB:GEECE
(Source: BusinessWire)
09/20/04 10:09
Global Environmental Energy Corp. (OTCBB: GEEC), formerly know as Life Energy & Technology Holdings, Inc. (OTCBB: LETH), today announced its new trading symbol will be OTCBB:GEECE.
Global Environmental Energy Corp (OTCBB: GEECE), announced that its common stock commenced trading under the trading symbol "GEECE." The symbol change is a result of the implementation of the OTC Bulletin Board (R) Eligibility Rule. Upon the Company's completion of its filed Form 10-K with the Security and Exchange Commission (SEC), the Company should return to its primary trading designation.
Dr. McCormack, President and Chief Executive Officer of Global Environmental Energy Corp, commented, "We are working with the Company's accountants and attorney and intend to be ready shortly to file with the SEC and to continue listing on the OTC Bulletin Board. This is our number one priority of the company. We intend to keep our investors updated on the status of this process, as we have during the last couple months had significant changes that the company has undertaken in the last few months."
About Global Environmental Energy Corp.
Global Environmental Energy intends to become a fully-integrated energy company whose interests will include traditional oil and gas and alternative energy sources, environmental infrastructure and electrical micro-power generation. Global Environmental Energy Corp.'s, unique proprietary technology, EcoTechnology(TM), supplies energy through an efficient and environmentally safe process.
The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, can safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) can assist in solving the global waste problem by converting into clean, green electricity such waste materials as: municipal solid waste (MSW), agricultural surpluses, agricultural effluents, forestry wastes, sewage sludge, medical waste, industrial wastes, flared natural gas, shale oil, sour natural gas, high sulfur oils, waste bilge oil, waste drilling muds and fluids; and many other traditional and non-traditional waste materials.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The company does not spam or endorse spam, and has no control over third party spamming.
SOURCE: Global Environmental Energy Corp.
Global Environmental Energy Corp.
Dr. C.A. McCormack, 877-723-6315
www.le-th.com
Global Environmental Energy Corp. to Trade with New Symbol as OTCBB: GEEC
Thursday September 2, 10:25 am ET
NEW ORLEANS, La.--(BUSINESS WIRE)--Sept. 2, 2004--Global Environmental Energy Corp., formerly know as Life Energy & Technology Holdings, Inc. (OTCBB: LETH - News), today announced its new trading symbol will be OTCBB: GEEC.
About Global Environmental Energy Corp.
Global Environmental Energy Corp (OTCBB: GEEC - News) intends to become a fully integrated energy company whose interests will include traditional oil and gas and alternative energy sources, environmental infrastructure and electrical micro-power generation. Global Environmental Energy Corp.'s, unique proprietary technology, EcoTechnology(TM), supplies energy through an efficient and environmentally safe process.
The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, can safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) can assist in solving the global waste problem by converting into clean, green electricity such waste materials as: municipal solid waste (MSW), agricultural surpluses, agricultural effluents, forestry wastes, sewage sludge, medical waste, industrial wastes, flared natural gas, shale oil, sour natural gas, high sulfur oils, waste bilge oil, waste drilling muds and fluids; and many other traditional and non-traditional waste materials.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The company does not spam or endorse spam, and has no control over third party spamming.
----------------------------------------------------------------
Contact:
Global Environmental Energy
Dr. C.A. McCormack, 866-318-5380
www.le-th.com
----------------------------------------------------------------
Source: Global Environmental Energy Corp.
1 September 2004, 09:30am ET
NEW ORLEANS--(BUSINESS WIRE)--Sept. 1, 2004--Life Energy & Technology Holdings, Inc. (OTCBB:LETH), today announced that its board of directors has approved a name change from Life Energy & Technology Holdings, Inc. to Global Environmental Energy Corp., effective as of August 30th 2004. The new trading symbol for Global Environmental Energy Corp. will be announced.
Dr. Christopher McCormack, President & Chief Executive Officer of Global Environmental Energy Corp., said, "At Global Environmental Energy, we are building an environmentally responsible global energy company with interests in both traditional oil and gas businesses and in alternative energy sources and their use. To date we have been best known for our revolutionary Biosphere Process(TM) System technology with which we promote the use of sustainable and renewable energy sources whilst extending the lifetime of the world's fuel reserves, coal, oil and gas.
"Our Biosphere Process(TM) System can also use traditional fossil fuels, oil, gas, oil field wastes, shale oil, and sour natural gas as a waste stream for making electricity. This helps to meet World Bank's goals under the Global Gas Flaring Reduction Partnership. These goals are shared by the Governments of Angola, Cameroon, Ecuador, Nigeria, Norway and the USA, and companies such as BP, Shell, Chevron Texaco, Total and Sonatrach and others. Global, which is funded by Diamond Ridge Advisors, is currently negotiating oil and gas interest in Algeria and Libya.
"It is the intention of Global to finalize negotiations on oil and gas interests in Algeria, Libya. This will complement the demand for exportation of our US manufactured Biosphere Process(TM) Systems in these same countries."
The Biosphere Process™ is a revolutionary waste to energy process offering the potential of small-scale micro power generation, on a town-by-town scale, using as its energy source waste streams provided by industry, medicine, agriculture and local municipalities.
The recycling of the calorific content of municipal solid waste (MSW) saves money for municipalities and other generators of waste and provides an efficient method of disposing of waste ecologically and economically, while simultaneously extending, by use replacement, the lifetime of finite fossil fuel reserves currently employed in electricity generation.
Take a guess why the recent run didn't hold up.
a) Buying 20% of a company on the open market doesn't make the stock go up. (The schedule 13D/A, filed July 27, 2004, states that Diamond Ridge has notified Life Energy & Technology Holdings, Inc. (OTCBB:LETH - News) of its intention to acquire an additional 20% or 6,546,228 Shares of Life Energy common stock.)
b) LETH is falling because the rest of the market is falling.
c) No reason whatsoever.
d) LETH is a scam and "Diamond Ridgge" isn't buying crap.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
If you chose d you are right. You get to keep your money!
If you chose a,b, or c, LETH management has deceived you....be prepared to lose everything!
Timing
Actually I sold. Made my money.....and now I leave
Do I detect a bit of sarcasm?
If you want to invest in a total scam, be LETH's guest!
Why don't you Google "Diamond Ridge Advisors" and see what you find? Or I can save you the bore....The only thing that comes up is PR's that were put out by LETH. Why? Because this is a phantom funding scam. IT IS TOTAL BS. SCAM SCAM SCAM!
This chart is hardly impressive, especially considering that the stock is going to be completely worhtless in a matter of time: http://finance.yahoo.com/q/bc?s=LETH.OB&t=6m&l=on&z=m&q=l&c=
Timing
Diamond Ridge Advisors, Inc. Files Amended Schedule 13D/A on Life Energy & Technology Holdings, Inc.
Tuesday July 27, 12:33 pm ET
Filing Discloses 20% Ownership of Life Energy & Technology Holdings, Inc. Affirming its Intention to Acquire an Additional 20% of Life Energy & Technology Holdings, Inc.
BOONE, N.C.--(BUSINESS WIRE)--July 27, 2004-- Diamond Ridge Advisors, Inc. announced today that they had filed a Schedule 13D/A with the Securities and Exchange Commission. The schedule 13D/A, filed July 27, 2004, states that Diamond Ridge has notified Life Energy & Technology Holdings, Inc. (OTCBB:LETH - News) of its intention to acquire an additional 20% or 6,546,228 Shares of Life Energy common stock.
Diamond Ridge has been a financial supporter of Life Energy in the past. The intention to increase their holdings reinforces the commitment of Diamond Ridge to the direction of Life Energy and their confidence in the executive management team at Life Energy.
About Diamond Ridge
Diamond Ridge Advisors, Inc. is a North Carolina corporation whose principal business is investment in the securities of private and public companies.
About Life Energy Technology & Holdings Inc.
Life Energy (OTCBB:LETH - News; http://www.le-th.com) is rapidly becoming a leader in the environmental infrastructure and electricity generation markets. Life Energy's unique proprietary technology, EcoTechnology(TM), supplies energy through a profitable and environmentally safe process. The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) assists in solving the global waste problem by converting into clean, green electricity such waste materials as: Municipal Solid Waste (MSW), agricultural, effluent, medical, industrial, shale oil, sour natural gas and many other traditional and non-traditional waste materials.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The company does not spam or endorse spam, and has no control over third party spamming.
----------------------------------------------------------------
Contact:
Life Energy & Technology Holdings, Inc.
Dr. C.A. McCormack, 866-318-5380
www.le-th.com
----------------------------------------------------------------
Source: Life Energy & Technology Holdings, Inc.
27-Jul-2004
Other Events, Financial Statements and Exhibits
ITEM 5. OTHER EVENTS.
The Company has been notified that Diamond Ridge Advisors, Inc that they intendto acquire an additional 20% of LETH and have filed an amended 13-D.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit No. Description
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10.1 * SCHEDULE 13D Report of Acquisition. Dated and to be filed July27, 2004
22.1 * Press Release Dated July 27, 2004
you seem to be a real pro,you are the best
This is a "boiler-room" operation. If you e-mail enough people you can get anything to run. But the rallies don't last long. Watch it crah from here.
LOOK OUT BELOW!
Timing
Suckers Rally.
Don't get sucked in.
Use this as an opportunity to sell...or if you are short, short more!
THIS IS A SCAM!
UP ON NO NEWS!
SELL SELL SELL!
Timing.
On our way back up. Last Price 0.63
Change
0.16
Change %
34.04%
Tick Bid
0.68
Bid Size
2500
Ask
0.72
Ask Size
2500
Open
0.50
High
0.72
LETH .45 x .50 Weeeeeeeeeeeeeeeeeeee!
Wow! This Scam is tanking quicker than I thought.
Reality Strikes Again Baby!
Timing.
LETH .55 x .57 Weeeeeeeeeeeeeeeeeeee!
Keep tanking baby!
Timing.
LETH .61 x .64 Weeeeeeeeeeeeeeeeeee!
Are people finally catching on that this is a SCAM?
Timing Baby!
Post from another board. RagingBull Board
Come on Tommy, time's a waste'n.
By: bosocker
01 Jul 2004, 03:37 PM EDT
Msg. 2011 of 2024
>>I spoke to Thomas Dean yesterday concerning anyting he could share within legal terms. He told me that within 2-2.5 weeks further news will be released regarding more contracts.<<
Thousands have been reportedly sold? 6 in use? Why the disconnect?
Post from another board..Raging Bull Board
By: scinnovative
15 Jul 2004, 12:10 PM EDT
Msg. 2024 of 2024
Michelle,
I originally bought LETH on speculation, and did as much research as I could. When the price started dropping and I could find no proof of management's claims, I decided I better get out. I actually ended up breaking even when I sold around $2. I'm glad I did - it's much better than looking at a 65% loss now.
Granted, I am skeptical, but I still have seen no proof of management's claims. Whatever happened to the Louisiana unit that was supposed to be completed by April? Have you ever seen one of their units in operation?
I'll keep watching this company, and when I start to see signs that something real is happening, Ill jump back in. If their technology is real, and their claims are real, there will be plenty of time to jump back in. For now, as you put it, "I'll just sit on the sidelines and be a pessimistic bore."
Scott
Post from another board. RagingBull Board
By: bosocker
01 Jul 2004, 03:37 PM EDT
Msg. 2011 of 2023
I spoke to Thomas Dean yesterday concerning anyting he could share within legal terms. He told me that within 2-2.5 weeks further news will be released regarding more contracts. I asked about number of employees(12). I asked about number of operational Bioshere Systems(6). I asked about what he thought about the current slide in stock price. He told me to hang on until the next round of "significant" press releases and we should get some upward movement for shareholders. HELLO!!! We are at the 52 week low. I for one am loading up to average down for the next rise in share prices. Do whatever YOU want. Bash the stock lower or sell and leave. OR buy more and be happy. This company and their Technology is worth investing in. They have "partners whom I have checked out and talked to. The company is real and their Technology is something the whole world will want to use. I personally believe the bashing is unfounded, but if you can drive the price lower so I can buy cheaper "more power to ya". I don't really believe bashers affect stock prices though. How many people on this message board are buying or selling enough shares to make the price move? Thank you. Nuf said.
(Voluntary Disclosure: Position- Long; ST Rating- Buy; LT Rating- Strong Buy)
Fraud probe plea into firm associated with Reynolds
Albert Reynolds: held an interest in Jersey-registered company
A FIRM of builders has asked the Attorney General in Jersey to initiate a fraud investigation into a company associated with former Taoiseach Albert Reynolds.
Lawyers in St Helier, retained by the Derry-based contractors O'Neill Brothers, have requested the AG in Jersey to investigate Universal Management Consultants (UMC), a company where Mr Reynolds held an interest.
The Investigation of Fraud (Jersey) Law, 1991, gives the AG there special investigative powers to inquire into a suspected fraud wherever it is committed.
O'Neill Brothers Ltd is already suing Mr Reynolds, his business associate and the Jersey-registered UMC, in the Dublin High Court for the return of £600,000 it claims was advanced to fund two developments, one in Derry and the other in Co Dublin.
The Dail Committee of Members' Interests is currently inquiring into a complaint that Mr Reynolds has breached ethics rules, which require members to declare their business interests.
Mr Reynolds has denied any wrong-doing. He will defend the High Court action and, he says, he has fully complied with his responsibilities regarding the register of members' interests.
Mr Reynolds' involvement with O'Neill Brothers began in November 1997 when a Derry businessman, Noel Gallagher, who had arranged meetings between the former Taoiseach and Derry republicans before the 1994 ceasefire, asked the O'Neills to meet Mr Reynolds.
The O'Neills were very taken with his involvement in the peace process and they felt honoured to do business with him and his business associate, Patrick Russell.
The O'Neills claim they agreed with Mr Reynolds and Mr Russell to form a joint venture company, Hale Developments, registered in the UK, to develop an hotel and some 200 houses on the site of the Good Shepherd Convent in Derry.
NO AGREEMENT
Mr Reynolds, however, states that the joint venture company was to be set up by the O'Neills on one hand and UMC on the other, and that he never made any agreement with the O'Neills in his personal or private capacity.
A document prepared by a senior executive of the accountants Ernst & Young, listing the interests of UMC, says the promoters of this company include Albert Reynolds TD. The document also says UMC was involved in a joint venture in Sheffield, that it had a 30pc stake in Lazer Quantum Ireland and a 50pc share in Valemoor, which was developing houses in England.
The O'Neills paid £300,000 to UMC as their contribution to the joint venture and allege they have an agreement with UMC where it would provide the rest of the funding and bring a hotel chain to the Derry site.
RECEIPT
A receipt dated February 5, 1998, and purported to be signed by Mr Reynolds and Mr Russell on behalf of UMC, is among the exhibits lodged in the High Court.
Letters from Mr Reynolds on Dail and UMC headed notepaper are among exhibits in the O'Neills' High Court action to secure the return of £600,000 they provided to UMC for the two development projects.
According to Des O'Neill, some of his meetings with Mr Reynolds and Mr Russell took place in Leinster House.
In his defence, filed with the High Court, Mr Reynolds says he never acted in a personal capacity, as the O'Neills claim, and that the joint ventures were solely between O'Neill Brothers and UMC.
In effect, Mr Reynolds appears to be saying he was acting solely as an agent for UMC and that the O'Neills money was lost in Hale Developments, the joint company O'Neill Brothers founded with UMC, a vehicle for their ventures together.
Mr Reynolds denies agreeing to pay the O'Neills £250,000, as they claim, or that he is in breach of contract.
By SAM SMYTH
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Some people think they are above the law.
Invest in LETH and you will find out how to lose everything!
Timing
Many significant milestones have been accomplished by LETH. As LETH enters the next stage of its development, with the expected unit in Louisiana, I feel that LETH'S significant and specific knowledge will consolidate earlier successes that will further benefit shareholders.
In my opinion in the crusade of what we need are more dynamic companies like LETH and more people of vision and determination like Albert Reynolds.
Life Energy is rapidly becoming a leader in the environmental infrastructure and electricity generation markets. Life Energy's unique proprietary technology, EcoTechnology(TM), supplies energy through a profitable and environmentally safe process. The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) assists in solving the global waste problem by converting into clean, green electricity such waste materials as: Municipal Solid Waste (MSW), agricultural, effluent, medical, industrial, shale oil, sour natural gas, and many other traditional and non-traditional waste materials.
Enough said.
AVOID LETH!
Just look at their previous press releases and compare them to their revenues. You will find that the result is LIES LIES and more LIES....
Take any number of previous press releases. Back in May 2003, for example, this scam company fraudulently announced a non-existent contract which, of course, never happened!!!!!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Life Energy & Technology Holdings Inc. Completes a Fourth Quarter Sale of 12 Biosphere Process Systems to Middle East Client for $70.8 Million; Agreement Includes a Delivery Schedule for an Additional 36 Biosphere Process Systems Over the Next Three Quarters
Thursday May 29, 2003 9:00 am ET
UTICA, N.Y., May 29, 2003 (PRIMEZONE) -- Life Energy & Technology Holdings, Inc. (OTC BB:LETH.OB - News) and (Deutsche Borse DE:LFT) has consummated an agreement with its Middle East client, Kuwait Holdings, S.A. to accept delivery of 12 Biosphere Systems(tm). The agreement also includes a remaining 36 Systems that will be delivered over the next 8 months for $212.4.million. Kuwait Holdings, S.A. had already taken delivery of two other Systems in 2001.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Here you can see every quarter since that enormous scam-contract was announced: http://finance.yahoo.com/q/is?s=LETH.OB
... WHERE ARE THE REVENUES?
What a joke!
Timing
Life Energy's technology unlocks numerous large lucrative markets. There is an urgent worldwide need for cost-effective renewable energy sources and a corresponding universal need to solve critical problems in the disposal of waste. Life Energy's EcoTechnology , an economically feasible and commercially rewarding solution to a global problem, represents essential humanitarian benefits for both present-day and future economic and environmental needs.
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