Sunrise Solar Corp.(fka SSLR)

[Wyatt Earp]

?

[Voices of Reason]

yes, sorry. <eom>

[ohmyohmy]

[TERRI] God only knows what will happen!!!!

[Terri2]

What does all this mean to us who bought their stocks. Do we loose everything we bought??

[Renee]

SSLR revoked:

http://www.sec.gov/litigation/admin/2013/34-69804.pdf

[Voices of Reason]

Thanks Janice - the sun sets on Eddie Austin Jr.....

[janice shell]

The SEC moves to revoke the registration of SSLR:

http://www.sec.gov/litigation/admin/2013/34-69386.pdf

[Voices of Reason]

FYI - Carolyn Austin, along with fellow Robert Hines (ref. SEC suspension of EVSO) have set up a new shop at OWOO: http://investorshub.advfn.com/One-World-Holdings-Inc-OWOO-26126/

[scion]

D. Sale of Sunrise Stock

26. On May 15, 2008 Sunrise issued two million restricted shares of common stock - 500,000 shares to Austin and 1.5 million shares to four entities owned and controlled by John Thomas Cloud (“Cloud”).

27. Austin did not file with the Commission a Form 4 to disclose and report his beneficial ownership of these shares.

28. The 1.5 million shares issued to Cloud constituted 24.4% of Sunrise’s outstanding shares. By virtue of his ownership of these and other Sunrise shares, Cloud was an affiliate of the Company.

29. On October 31, 2008, Cloud transferred 300,000 shares to a brokerage account in the name of Calex. Calex was owned and controlled by Carolyn Austin.

30. Carolyn Austin immediately began selling the Sunrise stock out of the Calex account. Between October 2008 and February 2009, Carolyn Austin sold the 300,000 shares into the public market in 283 transactions for proceeds of $174,471.

http://sec.gov/litigation/complaints/2012/comp22501.pdf

Notice JT Cloud's involvement as well on page 7: sec.gov/litigation/complaints/2012/comp22501.pdf

[Voices of Reason]

Notice JT Cloud's involvement as well on page 7: http://sec.gov/litigation/complaints/2012/comp22501.pdf

[scion]

SEC Charges Three for Their Roles in Manipulating the Market for Sunrise Solar Corporation Stock

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22501 / October 1, 2012

United States Securities Exchange Commission v. Sunrise Solar Corporation, Eddie D. Austin, Jr., and Carolyn Austin, Civil Action No. 5:12-cv-00918-OLG (W.D. Tx.)(September 28, 2012)

SEC Charges Three for Their Roles in Manipulating the Market for Sunrise Solar Corporation Stock

On September 28, 2012, the Securities and Exchange Commission charged Texas-based Sunrise Solar Corporation, its former CEO Eddie D. Austin, Jr. (Austin), and his wife Carolyn Austin for their involvement in a fraudulent market manipulation scheme.

The SEC’s Complaint alleges that between July 25, 2008 and May 26, 2009, Austin drafted, reviewed, and approved numerous false and misleading press releases that portrayed Sunrise as a thriving business operating in the solar power industry. Among other things, these press releases represented that the company had received contracts and was in advanced negotiations to provide solar power to numerous international businesses that, if completed, would generate millions in revenue. The Complaint alleges that these representations were false. In addition, the Complaint alleges that Sunrise filed, and Austin certified, two annual reports that failed to disclose Austin’s recent bankruptcy filing. Finally, the Complaint alleges that Carolyn Austin received and sold 300,000 shares of Sunrise stock in transactions that should have been registered with the Commission, receiving $174,471 in improper proceeds.

The SEC charges Sunrise with violating Sections 10(b) and 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 10b-5, 12b-20, 13a-1, and 13a-11 thereunder. It further alleges that Austin violated, or aided and abetted violations of, Sections 10(b), 13(a), and 16(a) of the Exchange Act and Rules 12b-20, 13a-1, 13a-11, 13a-14, 16a-2, and 16a-3 thereunder; and that Carolyn Austin violated Sections 5(a) and 5(c) of the Securities Act of 1933 (Securities Act). Without admitting or denying the SEC’s allegations, both Austins have consented to entry of final judgments permanently enjoining them from these violations. In addition, Austin is barred from acting as an officer or director of a public company and from participating in an offering of penny stock, and must pay a $40,000 civil penalty. Carolyn Austin must pay disgorgement of $174,471, plus prejudgment interest of $22,982. The settlements are subject to the Court’s approval.

SEC Complaint
http://www.sec.gov/litigation/complaints/2012/comp22501.pdf


http://www.sec.gov/litigation/litreleases/2012/lr22501.htm


Trading Suspensions: 34-60050 Jun. 5, 2009 Sunrise Solar Corporation

See also Order
http://www.sec.gov/litigation/suspensions/2009/34-60050-o.pdf

http://www.sec.gov/litigation/suspensions/2009/34-60050.pdf

[hcwinsc]

ANY INFO? I know that this is wishful thinking, but any information would be greatly appreciated. My sister and I recently received shares of this "business" through an estate and we would really like to know if there is any information regarding the company beyond what we have found on the internet from 2010. I understand the stock isn't worth anything, but I was hoping to find out if there has been an SEC investigation and/or conclusion to the matter. Again, any information is appreciated.

[wallwizz]

my previous post of sslr's phone number is non working..go figure. in my opinion and or guess this company was some sort of somalian scam, or possibly just some boys that never learned how to make and honest living!

[wallwizz]

Contact Us
Sunrise Solar Corp.
11815 I H 10 West Suite 110
San Antonio, TX 78230
Phone: [phone]
Email: [e-mail]

[zekel]

Not sure if anyone saw this award: http://www.sunrisesolarcorp.com/awards.html

The National Black Chamber of Commerce awarded Sunrise Solar Corporation and our [former] President/CEO Maurice Stone for Innovator of the Year.

Maurice is on the NBCC Energy Board - it is unclear if he self nominated himself for the award.

[Hink]

Thanks for the reply zekel. I was just hoping something positive was developing with them. On to the next one....

[zekel]

As you may be aware, the CEO of the company has gone back to his previous position as CEO of sister company NWND, which leaves SSLR with Kathleen Delaney and Eddie Austin, neither of which has any experience in the solar industry.

I concur, this company was portrayed to have a lot of promise, touting a "$150 million" portfolio in their press releases. It would appear from the last financials that they do not have any assets, having made puplic announcements to have sold their only tangile asset, the biodiesel plant in Poteet, multiple times to multiple parties (EVFL, GAEC, NWND, Cargill?) - it is unclear who, if anyone owns the plant at this point.

As you know, after the trading suspension by the SEC, the company claimed they did not know of any reason why they were being halted, and has been silent on the issue ever since - no financials, no press releases, no updates to the web site. In my opinion, this would indicate to the casual observer that this venture is done, without any hope of recovery. Best of luck to you!

[Hink]

Does anyone know anything about what's going on with this company. I've been a shareholder for awhile and haven't heard anything since the issue in June. I sent an email to the company over a month ago and got no resonse.
Can this company make a come back or is it done? This company was showing alot of promise and then.........

[zekel]

yes on all points.

[wallwizz]

what do you think, is this going to go sub zero? it looks like the managment is going to let it die on the vine, has anyone spoken with the company? unless some light is shed here i don't see much of a future for it.

[zekel]

More than just the cookie jar....looks like the plan to sell the Poteet plant to sister company NWND may have even more hair on it now....

http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24061

On or about October 3, 2006, SMS Envirofuels, Inc. ("SSLR", f/k/a “SMS”) executed a Promissory Note payable to Earth Biofuels, Inc. (n/k/a Evolution Fuels, Inc.) (“Evolution”) The principal amount on the Promissory Note was $788,000 which became due and payable on January 31, 2007. SMS failed to make the payments required by the Promissory Note. After notice of default was given, Evolution filed suit on the Promissory Note on November 20, 2008 in the 134th Judicial District of the District Courts of Dallas County, Texas. SMS failed to appear, and Evolution was granted Default Judgment in the amount of $1,097,211.20 on July 31, 2009. The Judgment includes pre-judgment interest, court costs and attorney fees, along with post-judgment interest of 5% per annum. SMS
developed a plant to produce bio-diesel from soybean oil. Evolution is now using all available legal remedies to pursuing collection on the Default Judgment.

[wallwizz]

this's looking like someone/s got caught with their hands in the cookie jar, i would think by now any honest company would have resoloved their problems and the public would of been informed. anyone have some info they'd like to share, alot of us have a good deal of cash tied up in this.

[skunksyard]

don't have a clue

[wallwizz]

whats this boards take on sslr, scam or ?

[skunksyard]

yup obvious to anyone who dd's it....also look at the video I put up in an earlier post.

[zekel]

Agreed - it is trading....with a caveat emptor rating: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=sslr

Pink OTC Markets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
•Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
•Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
•Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
•Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
•Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
•Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
•Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.
Consequently, Pink OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information (PDF) and until Pink OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.

[skunksyard]

yes saw that but for clarity it's trading today.

[zekel]

You are correct, however, it was recently temporarily suspended: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=sslr

[skunksyard]

I show SSLR trading

[zekel]

Sister company GAEC joins SSLR on the recently suspended list:

http://www.sec.gov/litigation/suspensions/2009/34-60410.pdf

[Wyatt Earp]

Skunksyard/RE: Been a long time

Lost your email. Please send to: [e-mail]. So nice to hear from you again. You in this stock?

Wyatt

[skunksyard]

watch the video and read the PR. The video came from the political board

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39623290

http://news.moneycentral.msn.com/ticker/article.aspx?Feed=BW&Date=20090601&ID=9966979&Symbol=SSLR

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38605700

[bradleydredge]

Seems the pinks are full of scams, I am learning a very hard lesson. Guess I am not the only one

[bradleydredge]

I hope you are right

[zekel]

"But if SNRS merge with SSLR I will be in the same boat as you" - there is no truth to that rumor about SNRS. Aside from both companies having the name "solar" in their company name, they have absolutely nothing in common. SSLR is nothing more than an idea on paper with no assets, no products, no contracts, no "$150 million portfolio", loads of debt, lawsuits, and an SEC investigation. Entertaining SNRS (or any other company for that matter), as a merger, is pure fantasy.

[wallwizz]

seems that way does't it, what i'm hearing doesn't sound to good. this bunch at sslr thought they could float to the top on the race card! doesn't work that way anymore, bs is bs!

[bradleydredge]

I feel sorry for anybody invested in this company. But if SNRS merge with SSLR I will be in the same boat as you. Nobody seems to know why SSLR did not go straight to greys after SEC closed them down (thats what usually happens after SEC steps in). Every word that SSLR comes out with has been a lie, get out if you can.....

[wallwizz]

i was hoping to get some closure, maybe there isn't any. is this comany legit or not? where is the news, the twenties are hanging on by a thread.

[bradleydredge]

Thankyou, I was aware of all that, my question was WHY is this not grey ? Does anybody know ? Normally after SEC suspension any company would go strate to Greys, so why not this one ?

[zekel]

Securities that are not listed on any stock exchange, the OTCBB, or the Pink Sheets are considered to be in the Grey Market. Transactions are processed independently and not centrally listed or quoted. Trades are reported to a Self Regulatory Organization (SRO) who then passes the data on to market data companies.

In the case of SSLR, it is apparently still on the Pinksheets despite the Caveat Emptor rating.

[bradleydredge]

Why hasn't this gone straight to the Greys after the SEC suspension like other companies who get suspended ?

[zekel]

Other than the word "Solar" in the company name, SSLR has nothing to do with the solar industry - they have no assets, no inventory, no production, no technology, 3 employees with no expertise, a grossly inflated press release claiming to have "$150 million portfolio" along with an SEC suspension to boot. Why anyone would buy/merge/invest in this company is beyond my comprehension - I believe the folks at SNRS would come to the same conclusion if they were even tacitilly interested on a whim.

[Wyatt Earp]

MikeDyr/RE: Thoughts

I have heard that SNRS and RCCH could become an item again!!! It is pretty much a known fact that RCCH has or is acquiring a Solar Company.

Wyatt

[MikeDyr]

There is speculation on the SNRS board that these two companies may be merging... Any thoughts?

[zekel]

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=sslr

Pink OTC Markets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:


• Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
• Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
• Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
• Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
• Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
• Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
• Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.

Consequently, Pink OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information (PDF) and until Pink OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use
care and due diligence in their investment decisions. Please read our Investor Protection page for more information.

[zekel]

Presuming a resumption of trading on the 19th, any bets on where the stock trading price will vary on that day?

Here is my wager:
High = $0.50
Low = $0.10
Close = $0.15

[Wyatt Earp]

Bigstud/RE: Quick

Damn quick without warning. Appears that the SEC is spotlighting some of the Pinks and actually checking to see if they are operating above board. We can hope we get back to trading.

Wyatt

[zekel]

Hardly a quick draw considering what I believe to be a history of false and misleading press releases:

August 1, 2008
Sunrise Solar Corp. (OTCBB:SSLR) is pleased to announce that it has entered the final stages of negotiations with several Korean and Chinese suppliers solar technology suppliers. The Company anticipates these negotiations will result in a significant number of additional innovative and cost-efficient products being available to the Company's customers. - as previously documented, this alleged supplier agreement with Barker Communications, was yet another shell company operating out of 1240 Blalock Road by the principals of this company. As evidence in the financial reports, no such supplier contracts exist.

August 11, 2008
Sunrise Solar Corp. (OTCBB:SSLR) is pleased to announce that is has joined America's leading trade association for companies making an impact in the Solar Industry - the Solar Energy Industry Association, SEIA - (www.seia.org) - SSLR has yet to make ANY impact on the Solar Industry.

August 13, 2008
Sunrise Solar Corp. (OTCBB:SSLR) is pleased to announce that its recently formed Solar Technology Advisory Board (STAB) has initiated the evaluation process for its first group of solar products. Upon completion of the 30-60 day evaluation process the Company intends to offer those products that pass its internal evaluation to customers through its interactive website. - SSLR has no products as evidence in their financial reports.

August 18, 2008
SSLR is pleased to announce that it is developing a carbon offset program in order to assist consumers, both individuals and business, in reducing, or eliminating, their "carbon footprint." A "carbon footprint" is the total carbon dioxide emitted as a result of a consumer's activities; including, energy consumption, driving, flying, and other fossil fuel based activities. The program is designed to be a web-based platform which will allow consumers to calculate their unique "carbon footprint" and purchase carbon offsets. If the results from beta testing are as expected the company anticipates launching the full scale platform in the 4th Quarter. - ridiculous from the start - in order to trade carbon credits, you in fact need to have assets to trade. As evidence by the lack of any such program ever developing, the program was a farce from the beginning.

August 25, 2008
Sunrise Solar Corp. (OTCBB:SSLR) announced today the introduction of a solar sunroof for automobiles. This unique technology replaces the traditional glass sunroof with an advanced solar replacement. The solar sunroof will generate electricity to recharge the vehicle's batteries while simultaneously cooling the car when parked in a hot climate or warm the car when parked in a cooler climate. - SSLR has no products, and this is yet another example of them pretending to be a company.

August 20, 2008
Sunrise Solar Corp. has sold the biodiesel operations of its wholly owned subsidiary SMS Envirofuels Inc. to an undisclosed buyer. Company officials anticipate recording a gain from the sale of about $580,000. Also, as part of the deal, the purchasers will forgive about $6.5 million in outstanding promissory notes, advances, accrued interest and other payables owed to them by Sunrise Solar. - this infamous press release was touted by both SSLR and its sister company, GAEC (f/k/a GFET) as being a win-win for both - the sale of course never happened as the Poteet plant was already committed to Cargill as collateral for default on a lawsuit judgement made earlier in the year.

September 2, 2008
Sunrise Solar Introduces Solar Building Brick. Sunrise Solar Corp. has brought to market its Solar Light Brick product, which promotes the integration of solar technologies into traditional construction materials. - SSLR has never had any products to bring to market.


September 8, 2008
Solar Corp. (OTCBB:SSLR) today announced the formation of its new Research and Development division. The new division will be lead by the Company's Director of Research, Dr. Jun Kim. Sunrise Solar will pursue the development of multiple new technologies designed to increase the efficiency of photovoltaic solar cell performance while utilizing new materials technology to reduce both the cost and weight compared to industry standard photovoltaic solar cells. - no such new technologies were ever developed.

September 22, 2008
Sunrise Solar Provides Solar Solutions to Water Park/Sunrise Solar Corp. has been tapped to provided advanced solar technologies for a new major waterpark and entertainment center near Lake Charles, La. Sunrise Solar Corp. (OTCBB:SSLR) today announced plans to provide advance solar technologies to a major new water park and entertainment center near Lake Charles, Louisiana. Sunrise Solar will develop and implement a comprehensive plan to provide solar water heating for the park's pools, slides, and rivers. In addition, Sunrise will design solar-powered lighting systems including entertainment oriented LED systems such as those found in major sporting venues and install auxiliary solar power systems for the water park. - this water park has yet to come to fruition, and as example from their financials, no such contract exists nor has it ever been "tapped".

September 29, 2008
Sunrise Solar Negotiates for $30 Million Contract/Sunrise Solar selected as a finalist in $30 million solar project. Sunrise Solar Corp. (OTCBB:SSLR) today announced that it is in advanced negotiations for the design and installation of a $30 million solar project as part of a major foreign capital city reconstruction and renovation effort. The intention is to provide 100% of the development's electricity requirements from solar power sources. Once completed this project will be one of the world's most "green" city centers. - As evidence from the financial reports, the company has never negotiated any contracts, especially none on the order of $30 million nor was it ever a "finalist".

October 6, 2008
Sunrise Solar Corp. has formed a “Green University’ to provide training for solar-installation engineers, solar-power production supervisors, solar-grid installation technicians and alternative-energy marketing consultants. - pure fantasy and in fact the name "Green University" was stolen name patented by another industry player.

October 28, 2008
Sunrise Solar Corp. (OTCBB: SSLR) today announced that it has entered into an initial agreement with the financial partners of a Brazil-based BioDiesel company to deliver solar power and heating to their first U.S. manufacturing facility. Brazil is the most energy self-sufficient nation in this hemisphere. They are now bringing innovative and proven new
technologies to a U.S. market starved for efficient alternatives for transportation fuels. - no such agreements were ever consummated.

December 01, 2008
Sunrise Solar Corp. (OTCBB:SSLR) today announced the opening of its first permanent international office, located in Beijing, China. China’s growing population is creating energy shortages amid rising demand. As a result,China is seeking to increase its installation of clean alternative energy sources such as solar power to its billion plus population. From its office in Beijing, Sunrise Solar will pursue solar energy projects throughout the Asiatic region. - as evidence in the financial reports, no such office has ever been opened.

January 7, 2009
San Antonio-based Sunrise Solar Corp. has been selected to provide solar power resources to four major hospitals in Brazil, the company said Wednesday. The project is part of a multimillion-dollar alternative energy development initiative. Brazil is a leading alternative energy producer with a strong focus on energy self-sufficiency. - as evidence from the latest financials, no such contracts exist.

February 2, 2009
SAN ANTONIO, TEXAS: Sunrise Solar Corp. (OTCBB: SSLR) has met with a U.S. research university and begun discussions regarding the acquisition of new solar technology. - no such new technologies have ever been acquired.

February 17, 2009
Sunrise Solar Corp. (OTCBB:SSLR) today announced that it will seek $40 million in financing from international finance consortiums for its previously announced projects in South America. The Company expects to meet with financing partners to prepare financing proposals in the next few weeks. Once this financing is in place, the company will be able to initiate project completion in Brazil. “We have a portfolio of projects now totaling more than $100 million,” noted Eddie Austin. - this outlandish press release implies two things - they need $40 million to proceed with what is presumably at least $40 million worth of new contracts, and also, stating they have a portfolio of "$100 million" is complete fantasy.

March 16, 2009
Sunrise Solar Corp. has created a new energy resources consulting division to help companies capture some of the billions of dollars worth of stimulus money approved by President Barack Obama. - "Billions" (not just "Millions") - SSLR has no employees capably of consulting.

March 27, 2009
Sunrise Solar Provides Update on International Solar Project Portfolio - one month after announcing they have a "$100 million" portfolio, this latest press release elaborates on their projects which now add up to between "$150-$160 million" - again pure fantasy.

[Bigstud is here]

Wyatt Earp- SEC was fast on the draw dont you think.

[zekel]

Stock tout back-peddles!:
http://www.stockguru.com/2009/06/sslr-federal-regulators-halt-trading-of-sunrise-solar%E2%80%99s-stocksan-antonio-business-journal/