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Stanton Scams? EFTI/USSE/USSP/USEI/OSSG

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Last Post: 8/15/2016 7:15:31 PM - Followers: 21 - Board type: Premium - Posts Today: 0



Multi-CEO John Stanton appears to have ties with a large number of companies. These companies include or may include EFTI[.ob] (update: defunct), OSSG[.pk] (update: now GRWT[.pk]), NNBP[.ob], USSE[.pk], SSTP[.pk], RENW[.ob], GSNH[.pk] (update: now DVAR[.pk]), IWDM[.pk], CYBR[.pk], USEI[.ob], ACMG[.pk], GRLY[.ob], NCSH[.ob] (update: now PGXC[.pk]), JMCP[.ob], ONYI.[ob], VTBD.[ob] (update: now REER[.pk]), (update 1/11/09) GETG[.pk] and (update 8/14/09) BLVT[.pk]. These companies have been notorious for destroying shareholder wealth but seem to keep investors' appetites whetted by putting out a continuous stream of press releases announcing deals and events but which most often never come to fruition.

This may not be a complete list of companies related to John Stanton. There also appear to be associations of various forms between all of these companies.

An article also recently appeared in Forbes regarding some the members of this group of companies. The article can be found at...

http://www.forbes.com/free_forbes/2007/0226/078.html

These companies often (but not always) focus on the socially-appealing "Renewable Energy" sector and tend to spend the vast bulk of their time on pushing the stock of their companies through press releases and promotion agencies such as Redwood Consultants, LLC. While most of these companies indicate that they are close to production, none ever seem to provide any indication that they even have a commercially viable product, few have shown any revenues whatsoever and all are operating significantly in the red. Funding appears to historically have been exclusively from shareholders. Of those that file with the SEC, the reports show that millions of dollars find their way out the door and all these companies seem plagued with setbacks which for various reasons stop them from making any progress toward becoming commercial.

The two exceptions to no revenues is Earthfirst (EFTI) and U. S. Energy Initiatives (USEI). However EFTI generated substantially all of its revenues as an electrical contractor, not through the renewable energy concept it heavily pushes. Likewise, U.S. Energy Initiatives seems to try to market itself as a company providing dual-fuel hybrid conversion kits for diesel engines but substantially all of its revenues seem to be derived from prototyping and designing electronic components. Both of these companies operate at continuous losses despite the revenue contribution of non-core business segments.

Here is a synopsis of some of these companies:

EarthFirst (EFTI.OB}
CEO: John D. Stanton
-604,010,294 shares outstanding, current price $0.10. (Update 8/3/08 current price is $0.003, recently moved to the pink sheets)
-Pushes "Catalytic Activated Vacuum Distillation" or C.A.V.D.
-Tried unsuccessfully for many years to use CAVD to render used tires into useful materials. Still unsuccessful. Currently trying to market a palm oil based biodiesel.
-Formerly Toups Technology, previous shareholders lost the bulk of their money.
-Accumulated Deficit - $71,470,920 (total losses since inception)

Nanobac Pharmaceuticals Inc. (NNBP.OB)
CEO: John D. Stanton
-Attempts to research nanobacteria.
-Hired WallStreetResearch for a research report on Nanobac
9/11/06. $0.10. 12 month target $0.91. Currently: $0.09. (Update 8/3/08 price is $0.017)
-WallStreetResearch used market capitalization prices of companies worth 3 to 7 times Nanobac to estimate Nanobac?s value. The report states the basis for their comparisons in valuing NNBP at $0.91: "All three firms listed in the 'Comp' table are publicly-traded comparables to Nanobac, in that they are all development-stage biopharmaceutical company focused on research and development, reporting recurring losses. Like Nanobac, they also have existing and pending patent applications as well as collaboration agreements with major partners. This is where the similarities end."
- Accumulated Deficit: $20,490,865

IOWorldMedia Inc. (IWDM.PK)
CEO: John D. Stanton
-WallStreetResearch Report 11/8/2006. Price: $0.80. 12-mo target: $2.28. Currently: $0.19. (update 8/3/08 price is $0.038)
-For valuation 'comparables' to estimate IWDM's worth, WallStreetResources used eight other companies as comparisons. Five of these eight companies were Google, Yahoo, Clear Channel Communications, XM Radio and Sirius Radio.
Accumulated Deficit - Non-reporting company.

U. S. Sustainable Energy (USSE.PK)
-CEO John Rivera has significant history with John Stanton.
-John Stanton and John Rivera together own 500 million of the 644 million shares outstanding.
-Company appears to have little in the way of assets other than a 'tube' for what appears to be simply for pyrolysis.
-Mr. Rivera has been working on this concept for at least eight years. Previously he ran an unsuccessful development-stage company called GWE Systems which had the same concept but pyrolyzed waste tires instead of the soybeans he's currently trying to profitably process.
-Got listed on pink sheets by reverse merging with defunct Laforza Automobiles
-Tried to reverse merge with CyberCare but failed. CyberCare shareholders lost all value. Company promised to compensate CyberCare shareholders in terms given with attempted reverse merger with Global Realty but that also failed and finally the company reverse merged with Laforza. CYBR shareholders are 'hopeful' of some compensation. USSE is now planning to reverse merge with Diversified Ethanol (ONYI.OB) to get off the pink sheets. Update: Reverse merger with ONYI.OB failed.
-Hired WallStreetResources to write report. 11/6/06. Price then: $0.42. 12 month estimate: $5.55. Current: $0.20. (update 8/3/08, price is $0.009.  CEO John H. Rivera recently received SEC action, complaint for alleged fraud.)
Accumulated Deficit - Too early and company doesn't report.

Sustainable Power Corporation (SSTP.PK).
-500 million shares will be owned by John Stanton and John Rivera when share dividend from USSE paid.
-Created and spun off by USSE. No identifiable assets but market cap purported to be at least $150,000,000 based on the addition of 644,000,000 shares from USSE dividend.
-USSE shareholders are expecting their dividend but currently can only buy SSTP shares on the market. Update: May 2007, SSTP dividend fell through and USSE decided to do a 2:1 split instead to 'compensate' shareholders.
- Accumulated Deficit - Company doesn't report
(Update 8/3/08.  Current price $0.029.  Controlling shareholder John H. Rivera recently received SEC action, complaint for alleged fraud)

Renewable Energy Resources, Inc. (RENW.OB) (Update: Changed to NGRN.OB, Craig Huffman is the CEO again).
CEO: Kenneth Brown, formerly Craig Huffman
-Appears to have ties to John Stanton
-Company paid EarthFirst (CEO: John Stanton) $100,000 for partial payment of a C.A.V.D. license but never proceeded with anything related.
-Former CEO stepped down, replaced by new CEO coming from EarthFirst.
-Company pushes a "low-impact hydro" unit which is basically a piston-driven machine which runs on water pressure.
-Routinely announces forward-looking press releases which invariably fail to happen. Has been working on concept for six years and currently has no product produced.
-Accumulated Deficit - $13,011,411
-Update: April 2007, company put in their 10-KSB that they are once again moving production back. This time to the second half of 2007 for the production of the initial ten units.
-Update: Aug 3, 2008.  Company recently changed it's name to NGRN.PK and did a 1-for-30 reverse split.  Stock is trading at $0.16.
-Update: Jan 11, 2009.  Company recently purchased C.A.V.D license and resumed putting out press releases again after a lengthy hiatus.

Bulova Techologies.
 - Linked to John Stanton


John D. Stanton is also the CEO of Online Sales Strategies, Inc. (OSSG.PK) and private companies, Pangea Ultima and Cast-Crete.

March 6, 2007: John Stanton transferred some of his share holdings from OSSG to another entity--VitalTrust (VTBD[.ob]). The assets transferred were as follows:

Trading Symbol ... Number of Shares ... March 5, 2007 Value
EFTI ... 120,000,000 ... $13,200,000
NNBP ... 20,000,000 ..... 1,800,000
USEI ... 20,000,000 ..... 1,700,000
USSE ... 225,000,000 .... 47,250,000
SSTP ... 225,000,000 .... 49,500,000 **
NCSH ... 36,000,000 ..... 24,120,000

** (update 8/14/09) SSTP shares were based on spin off of SSTP shares announced by USSE.  The spin off never happened.


Updated:
Trading Symbol ... Number of Shares ... March 5, 2007 Value ........ May 2008 value ..........................Jan 11, 2009 value of those original shares
EFTI ........ 120,000,000 ........ $13,200,000 ....... Defunct (-100%) .............................................................defunct (-100%)
NNBP ........ 20,000,000 .......... $1,800,000........ $500,000 (-72%) (now NNBPE.OB) ..........................$120,000 (-93.3%)
USEI ........ 20,000,000 .......... $1,700,000 ....... $40,000 (-97.6%) ............................................................$10,000(-99.41%)
USSE ........ 225,000,000 ......... $47,250,000 ....... $4,050,000 (-91.4%) ................................................$1,125,000(-97.62%)
SSTP ........ 225,000,000 ......... $49,500,000 ....... $6,750,000 (-86.4%) .................................................$6,525,000(-86.82%) (Update 8/14/09, these don't exist as the USSE spin off of SSTP shares never happened as announced by USSE.)
NCSH ........ 36,000,000 .......... 24,120,000 ........ $741,176 (-96.9%) (name change to PGXC.PK and 1-for-17 reverse split) ....$14,824(-99.94%)

The total value of these holdings based on the share price is $137,570,000. Much of this 'value' is tied up in USSE and SSTP. USSE's only assets appear to be a pyrolysis reactor tube (to heat material and condense vapors). SSTP, which was recently created and spun off by USSE (update, SSTP spin off failed), doesn't appear to have any identifiable assets at all. The share price leading to SSTP's extraordinarily large market cap seems to be simply a function of a very small float. The assets in SSTP shares transferred to VTBD are also valued based on the share price even though the bulk of shares aren't in the float.   (Update 8/3/08.  VTBD has recently changed its name to Renewable Energy Resources (REER) and currently has a price of $0.01, down from $0.16 at Mar 6, 2007)

(update 1/11/09)Relatively new on scene: ... Jan 11, 2009 value .... Aug 14,2009
REER[.PK] ............$0.031 (was VTBD) ...................................................$0.0045
PGXC[.PK].............$0.007 (was NCSH) ..................................................$0.01
NGRN[.OB]............$0.063 (was IHDR) ....................................................$0.023
GETG[.PK].............$0.92 .............................................................................$0.22
BLVT[.PK] (New add) ..................................................................................$0.45

Jan 11, 2009 NGRN (originally IHDR then RENW then RWER now NGRN) did a 30-1 reverse in 2008.

This also should spawn a list of some of the people involved.  Note: Only a court of law should determine fraud.  But if the people in this list show up somewhere on a stock you own, it might be worth a little caution as these people have demonstrated an uncanny ability in consistently destroying shareholder wealth:

John D. Stanton
Alexander H. Edwards III
Jens Dalsgaard
Dr. Matthew Zuckerman
Craig Huffman
James Thomas, Esq.
John H. Rivera

 (Update 1/19/09.  On Nov 26, 2008, Renew Energy Resources (REER) received a cease and desist order from SEC.  http://idea.sec.gov/litigation/admin/2008/33-8986.pdf )
 

 (Update 8/14/09.  New Green Technologies (NGRN.OB) announced CEO Craig Huffman and director James Thomas were stepping down.  George Ring is the new CEO and John Stanton himself became a director.)

This board was set up to discuss this group of companies associated with John Stanton and whether or not any of them have any merit other than momentum plays when they start their PR campaigns. It is difficult to talk about the relationships between John Stanton and these companies individually and in some cases the moderators of the individual boards are paid by the company involved to keep the board free from negativity.

This board will be unmoderated so positive and negative opinions alike will be allowed. The philosophy behind this is that readers can form their own opinions from what they read and don't need to be protected by a moderator. Adverse opinions can be refuted by other posters. Most on these boards are adults and are expected to act that way without supervision.
 

PostSubject
#198  Sticky Note 12/17/2012 55 JURY VERDICT as to John D. scion 12/17/12 07:31:31 PM
#119  Sticky Note new Stanton mugshot: transferred to Pinellas County MorningLightMountain 09/19/12 06:38:27 PM
#107  Sticky Note address mayhem, hide those assets????: MorningLightMountain 09/13/12 07:22:19 PM
#97  Sticky Note About this board: MorningLightMountain 09/12/12 11:35:45 PM
#255   JOHN D STANTON MorningLightMountain 08/15/16 07:15:31 PM
#254   next time you talk to Gurba, can you MorningLightMountain 07/28/16 05:22:34 PM
#253   wow, 322 ROEBLING, a popular address for Stanton MorningLightMountain 07/28/16 04:59:56 PM
#252   Maybe Martin Shkreli can share a cell with Stanton! Bob22701 12/19/15 12:14:26 PM
#251   Andrew Stack. slojab 12/11/15 08:55:37 PM
#250   There's always colateral damage resulting from these scams. slojab 10/17/15 04:57:56 PM
#249   to bad his associates like Birmingham, Kelly, Baruch, js8797 01/22/14 04:44:21 PM
#248   to bad his associates like Birmingham, Kelly, Baruch, Ibanksonit 01/10/14 04:05:18 PM
#247   Nine more to go. Hopefully. slojab 01/09/14 06:43:41 PM
#246   Happy New Prison Year, John Stanton: MorningLightMountain 01/09/14 05:54:43 PM
#245   In the Year 2021: MorningLightMountain 10/30/13 04:29:11 PM
#244   Stanton's New Home! Bob22701 08/13/13 08:24:55 AM
#243   Crooks always gets off light. slojab 08/09/13 09:41:52 AM
#242   Yes, but hopefully, he shares a cell with Bubba. slojab 08/09/13 09:38:53 AM
#241   he got off light...tax evasion was only one MorningLightMountain 08/09/13 08:59:17 AM
#240   I don't know - 10 years of free Bob22701 08/09/13 08:33:03 AM
#239   Prominent Hillsborough businessman gets 10 years for tax evasion MorningLightMountain 08/09/13 04:36:40 AM
#238   Hey, Stanton! Crime doesn't pay! slojab 08/08/13 06:17:50 PM
#237   PROCEEDINGS: CRIMINAL MINUTES - SENTENCING REFORM ACT MINUTES scion 08/08/13 05:12:29 PM
#236   08/08/2013 88 Minute Entry for proceedings held before scion 08/08/13 05:09:02 PM
#235   SENTENCING held on 8/8/2013 for John D. Stanton, scion 08/08/13 04:31:57 PM
#234   Pacer update 08 Aug 13 USA v. Stanton scion 08/08/13 04:28:59 PM
#233   Quote from the document: Bob22701 08/08/13 03:25:42 PM
#232   08/08/2013 87 EXHIBIT LIST by USA as to scion 08/08/13 03:03:17 PM
#231   Pacer update 08 Aug 13 USA v. Stanton scion 08/08/13 02:58:41 PM
#230   This could cause additional problems for him. slojab 08/08/13 10:53:15 AM
#229   08/07/2013 85 RESPONSE 83 Sentencing Memorandum by USA scion 08/08/13 10:44:19 AM
#228   Pacer update 07 Aug 13 USA v. Stanton scion 08/08/13 10:40:46 AM
#227   Hopefully, he helps some of his friends get slojab 07/24/13 07:46:49 PM
#226   If there is any justice in this world ubernano 07/24/13 05:01:00 PM
#225   the important thing is Stanton is in jail MorningLightMountain 07/24/13 03:26:49 PM
#224   Too slowly, alas. scion 07/24/13 02:33:51 PM
#223   The wheels of justice do indeed turn slowly, slojab 07/24/13 02:31:05 PM
#222   Pacer update 19 Jul 13 USA v. Stanton scion 07/24/13 01:08:49 PM
#221   mental health evaluation!!!!! MorningLightMountain 06/12/13 04:12:30 PM
#220   05/10/2013 78 Second MOTION to Continue Sentencing hearing scion 06/07/13 08:39:21 AM
#219   Latest Pacer update 10 May 13 USA v. scion 06/07/13 08:33:49 AM
#218   I forgot to mention Tom Bean, Rick Stanton joker999 04/30/13 03:08:35 PM
#217   Can anyone smell a snitch? I bet joker999 04/27/13 01:53:59 AM
#216   unbelievable!!!!....another delay..... MorningLightMountain 04/25/13 10:36:39 PM
#215   Latest Pacer update 04 Mar 13 USA v. scion 04/25/13 06:06:27 PM
#214   Criminy! Are they EVER gonna sentence the slojab 04/25/13 05:41:31 PM
#213   Actually it has now been changed to June joker999 04/25/13 05:35:56 PM
#212   Waiting with bated breath, scion! slojab 04/25/13 01:47:50 PM
#211   03/04/2013 74 NOTICE OF RESCHEDULING HEARING: The Sentence scion 04/25/13 01:44:33 PM
#210   03/04/2013 74 NOTICE OF RESCHEDULING HEARING: The Sentence scion 04/25/13 01:44:18 PM
#209   One week from today! slojab 04/18/13 02:36:33 PM
#208   no pi for Stanton today, what a pity!!!! MorningLightMountain 03/14/13 09:40:59 PM
#207   Pacer update 04 Mar 13 USA v. Stanton scion 03/12/13 12:28:18 PM
#206   Presently, he SERVES time in a federal prison. MorningLightMountain 01/17/13 02:09:50 PM
PostSubject