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Can you explain this share distribution plan?
It looks like they want people to send their personal brokerage account information in to the company, with no promise of performance or delivery of dividend(?) shares attached. Am I reading that right?
Why didn't they just order a NOBO/OBO list and take care of all that? Don't they know who their shareholders are? This kind of report doesn't cost very much to order, from what I understand.
Different shareholders get different treatment?
Who is advising these people?
ATNE Charts
that appear to be non-functional and inaccurate.
Alternative Energy Technology Center, Inc. Effects Name Change, Symbol Change and Reverse Stock Split
THE WOODLANDS, TX--(Marketwire - August 1, 2008) - The Alternative Energy Technology Center, Inc. (PINKSHEETS: AETE) announced that effective today at the close of business, the Company will change its name to "Alternative Energy Technology, Inc." and begin trading under its new symbol (PINKSHEETS: ATNE). In addition, the Company announced a 1:50 reverse split of its outstanding common shares and an increase in the number of authorized shares of common and preferred stock to 500,000,000 and 20,000,000 shares, respectively. The reverse split and the increase in authorized shares will become effective at the close of business today as well.
Robert T. Kelly states, "The actions taken on June 23, 2008 and our subsequent submission to FINRA on June 9, 2008 are the result of Control Shareholder and AETE New Management having exhausted all avenues to interdict the conduct of ongoing criminal activities perpetrated by former officers and/or directors (and their associates) of The Alternative Energy Technology Center, Inc. f/k/a Mortgage Xpress, Inc." In order to curtail the sale of fraudulently issued shares of AETE common stock, New Management of AETE and its Control Shareholder made a decision to reverse split the common stock on a 1:50 basis. In making this decision the Company and New Management relied on advice from corporate council and AETE's Consultant.
"AETE has been in close contact with the Securities Exchange Commission, FINRA and various state regulatory and enforcement agencies, cooperating and providing related information ever since Control Shareholder and New Management discovered the criminal activities of Jonathan Gilchrist, William Carmichael and their cohorts," stated Mr. Kelly. He went on to say, "The company and New Management intend to vigorously and systematically pursue all those that have been engaged, directly or indirectly, in this illegal activity, which has caused substantial losses to the company, its investors and stockholders and significant damage to the reputation of AETE and its business enterprise."
The New Management of AETE would like the complete cooperation of all shareholders of AETE that purchased shares between December 2007 and July 31, 2008, as related to shares purchased from a Broker or Brokerage firm touting AETE's stock and AETE's stock touted by individuals, email spam and investor relations websites.
Associated delays in the FINRA approval of the AETE reorganization were directly related to demands by Depository Trust Company on two separate occasions to compel AETE, its Consultant and newly appointed transfer agent, Securities Transfer Corporation, to generate a letter signed by its Consultant and transfer agent stating that the fraudulent shares held in various accounts at Charles Schwab & Co., Inc. (Schwab), Legent Clearing, LLC (a Schwab company), Aurora Financial Services, LLC and its clearing firm Penson Financial Services were validly issued. This, not withstanding the clearly documented facts as presented to all parties showing the shares to have been fraudulently issued by Jonathan Gilchrist and William Carmichael under a Reg. D, 504 Offering on or about December 27, 2007. As a result of the delay by FINRA as well as demands by DTC, AETE has lost approximately eight weeks of valuable time executing its reorganization strategy as opposed to developing its business model.
Mr. Kelly stated, "It was discovered during an investigation undertaken by Control Shareholder, New Management and myself that beginning the first week of January and continuing into July 2008, AETE had been targeted for use as a conduit in ongoing criminal activities related to microcap stock fraud by former officers and/or directors of AETE and their associates. From on or about February 22, 2008 the Control Shareholder, New Management and I have been in regular contact with The Securities Exchange Commission Enforcement Division providing complete documentation on our internal investigation as it developed. The development of significant information on the disposition of the Reg. D, 504 stock offering came about through the analysis of a stock and money-laundering scheme initiated by Jonathan Gilchrist, William Carmichael, David Mordekhay and Shir Doron of Petach Tikva, Israel."
Mr. Kelly went on to say, "On information and belief, Jonathan Gilchrist transferred to Shir Doron shares of the Reg. D, 504 offering. An offer was then made to the New Management of AETE, by way of David Mordekhay, acting for an 'investment group out of Amsterdam/Israel' to provide funds through participation in a Private Placement Memorandum in the amount of $250,000 over a period of 5 months with the first $50,000 provided immediately and the remaining $200,000 in four $50K tranches. The plan was for the money for the PPM to be raised through the sale of the stock placed with Shir Doron during the time when Jonathan Gilchrist was manipulating the stock volume and value through the use of email spam and "investor relations" websites using false and misleading information and a website (www.altenergytechcenter.com) controlled by Jonathan Gilchrist (as Registrant) and designed by agents of Jonathan Gilchrist. The entire plan was to fund the PPM with funds from the sale of fraudulently issued Reg. D, 504 stock, in essence, funding the company with it's own money while gaining a larger number of shares of stock to be converted at a future date. Although this plan was interdicted in part, the eight-week delay referred to above with FINRA and DTC allowed Shir Doron to liquidate approximately 223,000 shares of fraudulent AETE common stock through the auspices of Aurora Financial Services, LLC."
As a means of eliminating the negative impact to investors and bona fide stockholders from the trading of illegal Reg. D, 504 shares and the 1:50 reverse split on bona fide shareholders of record in AETE stock, the Control Shareholder has decided to gift shares to those bona fide shareholders of record in a manner and under conditions that restore their positions in AETE stock. Bona fide shareholders of record would otherwise suffer substantial dilution subsequent to the 1:50 reverse split and shareholders who purchased the illegal Reg. D, 504 shares in the market would have possibly lost their entire investment due to the activities described above. All bona fide shareholders of record must be shareholders prior to the record date, that being Friday, August 1, 2008, and must provide AETE and Control Shareholder with documentation that substantiates the ownership of recorded shareholdings. The Control Shareholder is under no obligation, whatsoever, to honor any bona fide shareholder's request to receive the gift of shares, under any circumstance. Shortly after the Record date a letter of transmittal will be mailed to all shareholders of AETE, which will set forth the procedure involved with receiving each bona fide shareholder's new shares, gifted shares and/or warrants. All bona fide shareholders (if qualified) owning less than 500 shares will receive, in addition to the new shares and gifted shares, 10 warrants to purchase, in the aggregate, 2,000 new shares. Each warrant will be exercisable into 200 shares of the new common stock of Alternative Energy Technology, Inc. at an exercise price of $5.00 per share. Although no guarantees can be made, it is the intent of the AETE to file a registration statement with the Securities and Exchange Commission covering the common stock underlying the warrants. Such registration statement will serve to bring AETE into compliance with the Commission's required filings, in order to effectuate subsequent trading of the AETE's common stock on the Bulletin Board or higher exchange. All fractional shares held by Stockholders who own ten shares or more of the new common stock will be rounded up to the nearest full share.
The Alternative Fuels business model of AETE is structured around the development, construction and deployment of complete Fleet Mobile Vertically Integrated Biorefining Units to meet the transportation fuel needs of the country on a regional basis, placing the process equipment in close proximity to cellulosic biomass resources. The integrated proprietary technologies in these units allow AETE, through its anticipated subsidiaries, to emulate the process and product streams on a basis similar to that of traditional petroleum refining and/or chemical units. The New Management and staff of AETE are renewing its commitment to the enterprise model based on the following.
First, is the ratification of the Meridian Biorefining Technology License for cellulosic biomass processing which includes the simultaneous reduction of biomass to micro and nano particle scale range with the simultaneous separation of lignin through a Catalyzed Esterification process and further processing of the lignin into high value products including gasoline and gasoline additives. Second, its commitment to sustainable vertically integrated biorefining technology delivering multiple product streams on an expanded basis.
All of the actions described in this press release were taken by AETE's New Management and the Control Shareholder in order to bring greater value to the company and all of its bona fide stockholders. New Management, Consultant and the Control Shareholder wishes to thank all bona fide shareholders for their support in the past and their continued support now and into the future.
About Alternative Energy Technology Center, Inc.
The Alternative Energy Technology Center, Inc. (PINKSHEETS: AETE), based in The Woodlands, Texas, is a technology company focused on biofuels and alternative energy technologies. It is developing the first true biorefinery in the U.S. It will focus on technologies using renewable energy inputs from non-food energy sources and on technologies that can be scaled up to efficiently address the post-petroleum energy needs of the United States and abroad. AETE's integrated technologies provide the ability to convert cheap, abundant cellulosic plant material into a variety of fuel products that will allow AETE, initially, to efficiently address a part of America's energy needs. America's energy future must be built on renewable fuels that can be produced at a lower cost and AETE's vertically integrated biorefining technology delivers the answer to this pressing need.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Historical Prices
Date Open High Low Close Volume Adj
Close
2008/07/29 0.10 0.25 0.10 0.25 11,299 0.25
2008/07/28 0.30 0.30 0.25 0.25 700 0.25
2008/07/25 0.24 0.25 0.24 0.25 1,800 0.25
2008/07/24 0.10 0.12 0.10 0.12 4,000 0.12
2008/07/23 0.24 0.25 0.20 0.25 14,790 0.25
2008/07/22 0.15 0.25 0.15 0.20 17,000 0.20
2008/07/21 0.10 0.12 0.10 0.12 6,180 0.12
2008/07/18 0.12 0.16 0.10 0.16 133,968 0.16
2008/07/17 0.25 0.25 0.10 0.10 20,800 0.10
2008/07/16 0.10 0.15 0.10 0.15 23,200 0.15
2008/07/15 0.10 0.15 0.10 0.10 25,115 0.10
2008/07/14 0.17 0.25 0.15 0.15 13,170 0.15
2008/07/11 0.23 0.30 0.15 0.30 11,665 0.30
2008/07/10 0.15 0.15 0.15 0.15 705 0.15
2008/07/09 0.25 0.25 0.25 0.25 3,000 0.25
2008/07/08 0.25 0.30 0.25 0.30 800 0.30
2008/07/07 0.20 0.30 0.20 0.25 21,870 0.25
2008/07/03 0.45 0.45 0.26 0.26 100 0.26
2008/07/02 0.30 0.40 0.20 0.40 81,841 0.40
2008/07/01 0.35 0.40 0.25 0.30 32,600 0.30
2008/06/30 0.25 0.30 0.25 0.30 4,000 0.30
2008/06/27 0.25 0.25 0.25 0.25 3,000 0.25
2008/06/26 0.39 0.45 0.30 0.30 7,123 0.30
2008/06/25 0.40 0.45 0.34 0.34 9,120 0.34
2008/06/24 0.50 0.50 0.43 0.45 400 0.45
2008/06/23 0.30 0.50 0.25 0.37 8,820 0.37
2008/06/20 0.55 0.55 0.45 0.55 7,550 0.55
2008/06/19 0.50 0.50 0.40 0.45 5,800 0.45
2008/06/18 0.25 0.50 0.25 0.50 330 0.50
2008/06/17 0.25 0.45 0.25 0.35 1,550 0.35
2008/06/16 0.25 0.50 0.25 0.50 4,848 0.50
2008/06/13 0.44 0.55 0.35 0.35 1,010 0.35
2008/06/12 0.25 0.25 0.25 0.25 1,300 0.25
2008/06/11 0.45 0.50 0.33 0.50 8,000 0.50
2008/06/10 0.55 0.55 0.25 0.35 8,251 0.35
2008/06/09 0.75 0.75 0.30 0.30 10,250 0.30
2008/06/06 0.50 0.50 0.30 0.30 15,849 0.30
2008/06/05 0.40 0.45 0.40 0.45 8,415 0.45
2008/06/04 0.43 0.50 0.40 0.50 182,500 0.50
2008/06/03 0.30 0.50 0.30 0.50 7,174 0.50
2008/06/02 0.30 0.55 0.30 0.55 16,306 0.55
2008/05/30 0.40 0.50 0.35 0.35 14,570 0.35
2008/05/29 0.30 0.60 0.30 0.32 25,960 0.32
2008/05/28 0.30 0.40 0.30 0.40 7,000 0.40
2008/05/27 0.55 0.60 0.30 0.30 18,434 0.30
2008/05/26 - - - - - -
2008/05/23 0.40 0.40 0.40 0.40 8,796 0.40
2008/05/22 0.60 0.60 0.40 0.50 56,687 0.50
2008/05/21 0.51 0.65 0.25 0.25 7,550 0.25
2008/05/20 0.43 0.50 0.40 0.50 16,850 0.50
2008/05/19 0.40 0.45 0.40 0.45 2,825 0.45
2008/05/16 0.40 0.50 0.40 0.40 21,913 0.40
2008/05/15 0.45 0.55 0.45 0.50 15,280 0.50
2008/05/14 0.35 0.75 0.25 0.50 79,240 0.50
2008/05/13 0.80 0.80 0.40 0.55 55,384 0.55
2008/05/12 0.50 0.95 0.50 0.65 16,275 0.65
2008/05/09 0.95 0.95 0.70 0.95 70,616 0.95
2008/05/08 0.75 0.95 0.75 0.90 61,470 0.90
2008/05/07 1.10 1.10 0.75 0.85 26,620 0.85
2008/05/06 0.80 1.12 0.75 1.12 36,232 1.12
2008/05/05 1.25 1.25 0.90 0.95 148,040 0.95
2008/05/02 1.25 1.40 1.00 1.25 30,444 1.25
2008/05/01 2.00 2.00 1.00 1.10 100,814 1.10
2008/04/30 2.00 2.00 1.50 1.50 17,059 1.50
2008/04/29 1.95 2.00 1.50 1.76 36,137 1.76
2008/04/28 2.15 2.25 1.50 1.65 70,817 1.65
2008/04/25 2.25 2.25 1.70 1.95 27,823 1.95
2008/04/24 2.00 2.50 1.50 1.75 110,196 1.75
2008/04/23 2.25 2.50 2.00 2.25 46,125 2.25
2008/04/22 2.75 2.75 2.00 2.35 131,467 2.35
2008/04/21 2.25 3.00 2.00 2.25 127,535 2.25
2008/04/18 1.50 2.00 1.13 2.00 24,932 2.00
2008/04/17 2.00 2.00 1.00 1.13 19,554 1.13
2008/04/16 0.26 2.25 0.25 1.75 108,663 1.75
2008/04/15 - - - - - -
2008/04/14 - - - - - -
2008/04/11 - - - - - -
2008/04/10 - - - - - -
2008/04/09 - - - - - -
2008/04/08 - - - - - -
2008/04/07 - - - - - -
2008/04/04 - - - - - -
2008/04/03 - - - - - -
2008/04/02 3.73 3.73 3.50 3.50 775 3.50
2008/04/01 3.70 3.76 3.65 3.75 96,350 3.75
2008/03/31 3.70 3.70 3.50 3.69 66,999 3.69
2008/03/28 3.55 3.60 3.40 3.55 57,156 3.55
2008/03/27 3.60 3.60 3.42 3.60 137,586 3.60
2008/03/26 3.50 3.60 3.45 3.60 80,891 3.60
2008/03/25 3.40 3.50 3.35 3.50 85,325 3.50
2008/03/24 3.25 3.35 3.10 3.35 66,698 3.35
2008/03/21 - - - - - -
2008/03/20 3.05 3.15 2.90 3.15 27,047 3.15
2008/03/19 3.07 3.10 2.05 3.05 78,215 3.05
2008/03/18 2.79 3.05 2.75 3.05 90,891 3.05
2008/03/17 2.45 2.75 2.45 2.75 60,055 2.75
2008/03/14 2.35 2.41 2.35 2.41 2,054 2.41
2008/03/13 2.35 2.41 2.35 2.41 545 2.41
2008/03/12 2.35 2.35 2.35 2.35 1,445 2.35
2008/03/11 2.30 2.30 2.30 2.30 400 2.30
2008/06/05 0.40 0.45 0.40 0.45 8,415 0.45
2008/06/04 0.43 0.50 0.40 0.50 182,500 0.50
2008/06/03 0.30 0.50 0.30 0.50 7,174 0.50
2008/06/02 0.30 0.55 0.30 0.55 16,306 0.55
2008/05/30 0.40 0.50 0.35 0.35 14,570 0.35
2008/05/29 0.30 0.60 0.30 0.32 25,960 0.32
2008/05/28 0.30 0.40 0.30 0.40 7,000 0.40
2008/05/27 0.55 0.60 0.30 0.30 18,434 0.30
2008/05/26 - - - - - -
2008/05/23 0.40 0.40 0.40 0.40 8,796 0.40
2008/05/22 0.60 0.60 0.40 0.50 56,687 0.50
2008/05/21 0.51 0.65 0.25 0.25 7,550 0.25
2008/05/20 0.43 0.50 0.40 0.50 16,850 0.50
2008/05/19 0.40 0.45 0.40 0.45 2,825 0.45
2008/05/16 0.40 0.50 0.40 0.40 21,913 0.40
2008/05/15 0.45 0.55 0.45 0.50 15,280 0.50
2008/05/14 0.35 0.75 0.25 0.50 79,240 0.50
2008/05/13 0.80 0.80 0.40 0.55 55,384 0.55
2008/05/12 0.50 0.95 0.50 0.65 16,275 0.65
2008/05/09 0.95 0.95 0.70 0.95 70,616 0.95
2008/05/08 0.75 0.95 0.75 0.90 61,470 0.90
2008/05/07 1.10 1.10 0.75 0.85 26,620 0.85
2008/05/06 0.80 1.12 0.75 1.12 36,232 1.12
2008/05/05 1.25 1.25 0.90 0.95 148,040 0.95
2008/05/02 1.25 1.40 1.00 1.25 30,444 1.25
2008/05/01 2.00 2.00 1.00 1.10 100,814 1.10
2008/04/30 2.00 2.00 1.50 1.50 17,059 1.50
2008/04/29 1.95 2.00 1.50 1.76 36,137 1.76
2008/04/28 2.15 2.25 1.50 1.65 70,817 1.65
2008/04/25 2.25 2.25 1.70 1.95 27,823 1.95
2008/04/24 2.00 2.50 1.50 1.75 110,196 1.75
2008/04/23 2.25 2.50 2.00 2.25 46,125 2.25
2008/04/22 2.75 2.75 2.00 2.35 131,467 2.35
2008/04/21 2.25 3.00 2.00 2.25 127,535 2.25
2008/04/18 1.50 2.00 1.13 2.00 24,932 2.00
2008/04/17 2.00 2.00 1.00 1.13 19,554 1.13
2008/04/16 0.26 2.25 0.25 1.75 108,663 1.75
2008/04/15 - - - - - -
2008/04/14 - - - - - -
2008/04/11 - - - - - -
2008/04/10 - - - - - -
2008/04/09 - - - - - -
2008/04/08 - - - - - -
2008/04/07 - - - - - -
2008/04/04 - - - - - -
2008/04/03 - - - - - -
2008/04/02 3.73 3.73 3.50 3.50 775 3.50
2008/04/01 3.70 3.76 3.65 3.75 96,350 3.75
2008/03/31 3.70 3.70 3.50 3.69 66,999 3.69
2008/03/28 3.55 3.60 3.40 3.55 57,156 3.55
2008/03/27 3.60 3.60 3.42 3.60 137,586 3.60
2008/03/26 3.50 3.60 3.45 3.60 80,891 3.60
2008/03/25 3.40 3.50 3.35 3.50 85,325 3.50
2008/03/24 3.25 3.35 3.10 3.35 66,698 3.35
2008/03/21 - - - - - -
2008/03/20 3.05 3.15 2.90 3.15 27,047 3.15
2008/03/19 3.07 3.10 2.05 3.05 78,215 3.05
2008/03/18 2.79 3.05 2.75 3.05 90,891 3.05
2008/03/17 2.45 2.75 2.45 2.75 60,055 2.75
2008/03/14 2.35 2.41 2.35 2.41 2,054 2.41
2008/03/13 2.35 2.41 2.35 2.41 545 2.41
2008/03/12 2.35 2.35 2.35 2.35 1,445 2.35
2008/03/11 2.30 2.30 2.30 2.30 400 2.30
2008/03/10 1.75 1.75 1.75 1.75 700 1.75
2008/03/07 2.08 2.08 2.08 2.08 400 2.08
2008/03/06 2.08 2.08 2.00 2.08 4,729 2.08
2008/03/05 2.29 2.29 2.08 2.08 2,500 2.08
2008/03/04 2.27 2.36 1.99 2.00 14,485 2.00
2008/03/03 2.25 2.36 2.01 2.36 10,397 2.36
2008/02/29 2.25 2.25 2.25 2.25 200 2.25
2008/02/28 2.35 2.35 2.25 2.25 3,436 2.25
2008/02/27 2.35 2.35 2.35 2.35 400 2.35
2008/02/26 2.35 2.35 2.00 2.25 800 2.25
2008/02/25 2.31 2.31 2.15 2.25 1,832 2.25
2008/02/22 2.31 2.31 2.31 2.31 200 2.31
2008/02/21 2.26 2.30 2.26 2.30 35,776 2.30
2008/02/20 2.19 2.26 2.15 2.26 7,414 2.26
2008/02/19 2.19 2.19 2.19 2.19 1,250 2.19
2008/02/18 - - - - - -
2008/02/15 2.19 2.19 1.50 1.50 705 1.50
2008/02/14 2.19 2.19 1.31 1.31 1,005 1.31
2008/02/13 2.15 2.19 1.30 1.30 3,050 1.30
2008/02/12 2.12 2.12 2.12 2.12 2,600 2.12
2008/02/11 2.10 2.10 2.10 2.10 4,845 2.10
2008/02/08 1.32 2.11 1.25 1.35 7,402 1.35
2008/02/07 1.32 1.32 1.32 1.32 5,150 1.32
2008/02/06 1.32 1.32 1.32 1.32 2,750 1.32
2008/02/05 1.32 1.32 1.32 1.32 650 1.32
2008/02/04 1.32 1.32 1.32 1.32 300 1.32
2008/02/01 1.32 1.32 1.32 1.32 100 1.32
2008/01/31 1.32 1.32 1.32 1.32 400 1.32
2008/01/30 1.32 1.32 1.32 1.32 1,100 1.32
2008/01/29 1.32 1.32 1.32 1.32 2,250 1.32
2008/01/28 1.32 1.32 1.15 1.32 6,050 1.32
2008/01/25 1.10 1.26 1.10 1.10 6,103 1.10
2008/01/24 1.15 1.23 1.00 1.23 6,500 1.23
2008/01/23 1.15 1.15 1.05 1.15 6,400 1.15
2008/01/22 1.10 1.15 1.10 1.15 2,431 1.15
2008/01/21 - - - - - -
Well, I hope you were paid up front. In cash, not shares. lol
Be a part of the solution, not a part of the problem. Or else!
Interesting question isn't it. Only the shadow knows.....
Nobody is buying the stock.
I wonder if the management of this operation is going to be forced to start dumping a lot of shares so they can pay their consultants and other bills.
Be a part of the solution, not a part of the problem. Or else!
Historical Prices:
Date Open High Low Close Volume Adj
Close
2008/05/29 0.30 0.60 0.30 0.32 25,960 0.32
2008/05/28 0.30 0.40 0.30 0.40 7,000 0.40
2008/05/27 0.55 0.60 0.30 0.30 18,434 0.30
2008/05/26 - - - - - -
2008/05/23 0.40 0.40 0.40 0.40 8,796 0.40
2008/05/22 0.60 0.60 0.40 0.50 56,687 0.50
2008/05/21 0.51 0.65 0.25 0.25 7,550 0.25
2008/05/20 0.43 0.50 0.40 0.50 16,850 0.50
2008/05/19 0.40 0.45 0.40 0.45 2,825 0.45
2008/05/16 0.40 0.50 0.40 0.40 21,913 0.40
2008/05/15 0.45 0.55 0.45 0.50 15,280 0.50
2008/05/14 0.35 0.75 0.25 0.50 79,240 0.50
2008/05/13 0.80 0.80 0.40 0.55 55,384 0.55
2008/05/12 0.50 0.95 0.50 0.65 16,275 0.65
2008/05/09 0.95 0.95 0.70 0.95 70,616 0.95
2008/05/08 0.75 0.95 0.75 0.90 61,470 0.90
2008/05/07 1.10 1.10 0.75 0.85 26,620 0.85
2008/05/06 0.80 1.12 0.75 1.12 36,232 1.12
2008/05/05 1.25 1.25 0.90 0.95 148,040 0.95
2008/05/02 1.25 1.40 1.00 1.25 30,444 1.25
2008/05/01 2.00 2.00 1.00 1.10 100,814 1.10
2008/04/30 2.00 2.00 1.50 1.50 17,059 1.50
2008/04/29 1.95 2.00 1.50 1.76 36,137 1.76
2008/04/28 2.15 2.25 1.50 1.65 70,817 1.65
2008/04/25 2.25 2.25 1.70 1.95 27,823 1.95
2008/04/24 2.00 2.50 1.50 1.75 110,196 1.75
2008/04/23 2.25 2.50 2.00 2.25 46,125 2.25
2008/04/22 2.75 2.75 2.00 2.35 131,467 2.35
2008/04/21 2.25 3.00 2.00 2.25 127,535 2.25
2008/04/18 1.50 2.00 1.13 2.00 24,932 2.00
2008/04/17 2.00 2.00 1.00 1.13 19,554 1.13
2008/04/16 0.26 2.25 0.25 1.75 108,663 1.75
2008/04/15 - - - - - -
2008/04/14 - - - - - -
2008/04/11 - - - - - -
2008/04/10 - - - - - -
2008/04/09 - - - - - -
2008/04/08 - - - - - -
2008/04/07 - - - - - -
2008/04/04 - - - - - -
2008/04/03 - - - - - -
2008/04/02 3.73 3.73 3.50 3.50 775 3.50
2008/04/01 3.70 3.76 3.65 3.75 96,350 3.75
2008/03/31 3.70 3.70 3.50 3.69 66,999 3.69
2008/03/28 3.55 3.60 3.40 3.55 57,156 3.55
2008/03/27 3.60 3.60 3.42 3.60 137,586 3.60
2008/03/26 3.50 3.60 3.45 3.60 80,891 3.60
2008/03/25 3.40 3.50 3.35 3.50 85,325 3.50
2008/03/24 3.25 3.35 3.10 3.35 66,698 3.35
2008/03/21 - - - - - -
2008/03/20 3.05 3.15 2.90 3.15 27,047 3.15
2008/03/19 3.07 3.10 2.05 3.05 78,215 3.05
2008/03/18 2.79 3.05 2.75 3.05 90,891 3.05
2008/03/17 2.45 2.75 2.45 2.75 60,055 2.75
2008/03/14 2.35 2.41 2.35 2.41 2,054 2.41
2008/03/13 2.35 2.41 2.35 2.41 545 2.41
2008/03/12 2.35 2.35 2.35 2.35 1,445 2.35
2008/03/11 2.30 2.30 2.30 2.30 400 2.30
2008/03/10 1.75 1.75 1.75 1.75 700 1.75
2008/03/07 2.08 2.08 2.08 2.08 400 2.08
2008/03/06 2.08 2.08 2.00 2.08 4,729 2.08
2008/03/05 2.29 2.29 2.08 2.08 2,500 2.08
2008/03/04 2.27 2.36 1.99 2.00 14,485 2.00
2008/03/03 2.25 2.36 2.01 2.36 10,397 2.36
2008/02/29 2.25 2.25 2.25 2.25 200 2.25
2008/02/28 2.35 2.35 2.25 2.25 3,436 2.25
2008/02/27 2.35 2.35 2.35 2.35 400 2.35
2008/02/26 2.35 2.35 2.00 2.25 800 2.25
2008/02/25 2.31 2.31 2.15 2.25 1,832 2.25
2008/02/22 2.31 2.31 2.31 2.31 200 2.31
2008/02/21 2.26 2.30 2.26 2.30 35,776 2.30
2008/02/20 2.19 2.26 2.15 2.26 7,414 2.26
2008/02/19 2.19 2.19 2.19 2.19 1,250 2.19
2008/02/18 - - - - - -
2008/02/15 2.19 2.19 1.50 1.50 705 1.50
2008/02/14 2.19 2.19 1.31 1.31 1,005 1.31
2008/02/13 2.15 2.19 1.30 1.30 3,050 1.30
2008/02/12 2.12 2.12 2.12 2.12 2,600 2.12
2008/02/11 2.10 2.10 2.10 2.10 4,845 2.10
2008/02/08 1.32 2.11 1.25 1.35 7,402 1.35
2008/02/07 1.32 1.32 1.32 1.32 5,150 1.32
2008/02/06 1.32 1.32 1.32 1.32 2,750 1.32
2008/02/05 1.32 1.32 1.32 1.32 650 1.32
2008/02/04 1.32 1.32 1.32 1.32 300 1.32
2008/02/01 1.32 1.32 1.32 1.32 100 1.32
2008/01/31 1.32 1.32 1.32 1.32 400 1.32
2008/01/30 1.32 1.32 1.32 1.32 1,100 1.32
2008/01/29 1.32 1.32 1.32 1.32 2,250 1.32
2008/01/28 1.32 1.32 1.15 1.32 6,050 1.32
2008/01/25 1.10 1.26 1.10 1.10 6,103 1.10
2008/01/24 1.15 1.23 1.00 1.23 6,500 1.23
2008/01/23 1.15 1.15 1.05 1.15 6,400 1.15
2008/01/22 1.10 1.15 1.10 1.15 2,431 1.15
2008/01/21 - - - - - -
TMDI - same scam, same players. Interesting to note that Steve Price took 6 months to figure it out. Also interesting that his resignation took place last Friday...whatever happened to giving 2 week notice?
I will answer your questions in order as follows:
It seems like you have a pretty significant role in "damage control" for the company.
Answer
I was put in place to do just what I'm doing. Pay very close attention to how this scam was constructed and choreographed. To document it all down to the finest detail. And then make sure that every piece and scrap of information iw documented in an analysis and summary form to be turned over to the appropriate regulatory and enforcement agencies.
Based on the material you are posting, I would guess you are pretty heavily involved with the insiders operating the company.
Answer
Having access to all of the individuals who are positioned as "real management" in AETE goes with the territory. The material I am posting is being put in the public venue because, and especially with this bunch of theives, they have been operating for a long time without the kind of exposure and public challenge that they are now facing. This something very different for them to have to contend with. Typically, and this has been the case with at least three different companies set up to be scamed like AETE, the general route has been to hire on some law firm and spend large amounts of money trying to take them to court. You can't outspend these criooks, they already have all of the money (especially in the case of the hijacked 6 million shares) and can outspend almost anyone on the basis of "my lawyer can beat-up your lawyer. So the solution is to change the rules on them. That's the companies position and that is my job.
b]We have not heard from the SEC yet, have we?
Answer
The company is in close contact with the SEC on not only providing the materials required on the Subpoena, but in making sure that all of the documented materials that lay out the level of fraud that was intended to have been conducted on an ongoing basis is well understood by the proper authorities. Then it is to be compiled in a manner which can be made available online through the company web site. So long as what has been done to AETE (and several other companies) by the crooks is made as public as possible then the SEC and the Justice Department don't have any choice but to proscecute the illegal activities.
b]Any expected timeline for that?
Answer
What AETE will do is one theing and what the SEC's timeframe may be is another story alltogether. What the company has to do is (a) completely halt the movement of the illegal 504 Reg D stock in the market, and (b) recoverthat illegally issued 504 REg D stock back into the company as treasury stock, then (c) the company's business plan and commeercial operations model has to be put in place and functioning. AETE has to become a functioning commeercail entity and can not wait on what the SEC may or may not do or when they might move on any of this. There is absolutely no money to be made playing cops and robbers.
b]What do you expect them to say?
Answer
What has already been documented and deliverd to the SEC, the FBI, and enforcement agencies in at least three separate jurisdictions. It is expected that at some point there will be some kind of criminal action taken against the perps of the illegal activities associated with setting up AETE as a scam. Will they do anything in the short term? That is the million dollar question, literally.
It seems like you have a pretty significant role in "damage control" for the company. Based on the material you are posting, I would guess you are pretty heavily involved with the insiders operating the company.
We have not heard from the SEC yet, have we?
Any expected timeline for that?
What do you expect them to say?
Posted by: tippingpnt Date: Thursday, May 22, 2008 4:12:11 PM
In reply to: The Cap'm who wrote msg# 9 Post # of 18
No not involved with a hedge fund at all. As a matter of act I'm the senior investigatorn that has been working on this screwball deal for the last four months.
Everyone do their homework and you will find that Telemedicus is nothing more than a daisy chain of interconnected companies with Cloud, Gilchrist, Carmichael and others at their core.
The recent materialization of Lipid Labs (as having acquired Telemedicus) is also another creation of the Cloud operations. This is all just more smoke and mirrors. If you really take a serious look you will find that Eddy Austin whose name recently showed up as having taken over a number of these companies is nothing more than a front for Cloud. In fact Austin, was rumored to be a cousin of J. T. Cloud. He was moved from Baton Rouge, LA last December/January and started taking over some of the operations by being put into several different Cloud companies as CEO to provide a fresh face. I would think that you will see a number of "defections" in the near to mid term as well.
Of course if you check the SEC filings what you will find is that their great association with Texas A & M is based on a license agreement that was done the same way the agreement was done with AETE. They did an agreement with A & M, paid a little upfront as a fee and haven’t paid out a penny since that time, which is stated in their SEC filings. Invariably, what you will find if you look close enough is that throughout the morphing of Intrepid through LipidLaps and Telemedicus is that 09% of the companies that are shown to have been “acquired” were just shell operations that actually had nothing but a name and a little bit of literature written up on them. In some instances they had been formed and a little investment was laid out to give them just enough substance to pass cursory inspection. They were then used in terms of “having been acquired” as stated in more bogus press releases, serious stock was bartered away (typically to another Cloud insider and as with Gulf Ethanol and AETE a fraudulent 504 Reg D was used) and them the game goes on.
Up until now this has all just been a money making perpetual motion machine that has netted these crooks hundreds of millions of dollars. Now it would seem that their little ball of twine is beginning to become unwound.
Okay, thanks...
The AETE web page was not an authoized site, if you read the material that has been posted, Gilchrist was told to give it up and remove the site from the web. The web hosting company was also contacted and it was explained to them that the site had been being used in the perpetration of a fraud.
These guys (the crooks) aren't used to having the presure put on them that they are currently experiencing all across the face of their operations.
The company is working on an official web site that will present AETE in a manner consistant with the company's commercial intent in the alternative fuels industry as well as what can be presented in full disclosure of what has been being documented.
It will take several days to get some of this done but it will be up soon.
That's odd. There was content on the site when I looked at it last night...
OT ?: Another defection from a related stock.
May 24, 2008 - 9:04 AM EDT
Telemedicus' Chief Operating Officer Resigns
Telemedicus, Inc. (OTC:TMDI) announced today that chief operating officer Steve Price has resigned effective May 23rd, 2008.
“Steve did a great job and definitely will be missed,” said Thomas Cloud, chief executive officer of Telemedicus. Mr. Cloud continued, “We will seek his replacement and continue to progress the DREAMS technology to market. We now have moved the designs of the mobile and fixed platforms into a commercially viable form, fit and function and the company will begin the process of gaining FDA medical device approvals.”
About Telemedicus, Inc:
Telemedicus, Inc. (OTC:TMDI) is a publicly held company headquartered in Houston, Texas. Telemedicus is commercializing life saving mobile medical communications technology using software and communications capabilities, proven solutions for bi-directional audio, video and patient data communication between a remote unit such as a rural ambulance service, med-flight helicopter, or a remote location and the physician in a hospital trauma center.
Telemedicus is commercializing multiple platforms of life-saving mobile medical communications technology using software and proven communications capabilities. Called DREAMS™ (Disaster Relief and Emergency Medical Services), the technology turns practically any 9-1-1 ambulance, med-flight helicopter, clinic or medical transportation vehicle into a mobile trauma center or physician office. Through the DREAMS™ Intelligent Communications Manager (ICM), the doctor is able to utilize bi-directional audio/video and patient biometric data to provide immediate treatment or diagnosis through the medical technician in real-time. For more information please visit www.telemedicus.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Telemedicus, Inc., Houston
Media Relations
Thomas Cloud, 281-207-5413
Fax: 713-266-3701
investorrelations@telemedicus.com
Source: Business Wire (May 24, 2008 - 9:04 AM EDT)
News by QuoteMedia
www.quotemedia.com
Oh well, I guess they really DON'T have a web site. They have a placeholder.
Kind of like a bar napkin. Very handy to have around, absorbs a lot of slop, but is easily disposable.
Address lookup
canonical name www.altenergytechcenter.com.
aliases
addresses 205.178.152.30
Domain Whois record
Queried whois.internic.net with "dom altenergytechcenter.com"...
Whois Server Version 2.0
Domain names in the .com and .net domains can now be registered
with many different competing registrars. Go to http://www.internic.net
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Domain Name: ALTENERGYTECHCENTER.COM
Registrar: NETWORK SOLUTIONS, LLC.
Whois Server: whois.networksolutions.com
Referral URL: http://www.networksolutions.com
Name Server: NS13.WORLDNIC.COM
Name Server: NS14.WORLDNIC.COM
Status: clientTransferProhibited
Updated Date: 09-dec-2007
Creation Date: 09-dec-2007
Expiration Date: 09-dec-2008
>>> Last update of whois database: Sat, 24 May 2008 13:58:30 EDT <<<
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Queried whois.networksolutions.com with "altenergytechcenter.com"...
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Visit AboutUs.org for more information about ALTENERGYTECHCENTER.COM
<a href="http://www.aboutus.org/ALTENERGYTECHCENTER.COM">AboutUs: ALTENERGYTECHCENTER.COM </a>
Registrant:
IBF
1240 Blalock Rd., Ste. 150
Houston, TX 77055
US
Domain Name: ALTENERGYTECHCENTER.COM
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Record expires on 09-Dec-2008.
Record created on 09-Dec-2007.
Database last updated on 24-May-2008 13:57:59 EDT.
Domain servers in listed order:
NS13.WORLDNIC.COM 205.178.190.7
NS14.WORLDNIC.COM 205.178.144.7
Network Whois record
Queried whois.arin.net with "205.178.152.30"...
OrgName: InQuent Technologies Inc.
OrgID: INQT
Address: 150 York St, Suite 1900
City: Toronto
StateProv: ON
PostalCode: M5H-3S5
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Comment:
RegDate:
Updated: 2008-03-27
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OrgTechPhone: +1-703-668-4900
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# Enter ? for additional hints on searching ARIN's WHOIS database.
DNS records
name class type data time to live
www.altenergytechcenter.com IN A 205.178.152.30 7200s (02:00:00)
altenergytechcenter.com IN NS ns13.worldnic.com 7200s (02:00:00)
altenergytechcenter.com IN SOA server: ns13.worldnic.com
email: namehost.worldnic.com
serial: 0
refresh: 10800
retry: 3600
expire: 604800
minimum ttl: 3600
7200s (02:00:00)
altenergytechcenter.com IN A 205.178.152.30 7200s (02:00:00)
altenergytechcenter.com IN NS ns14.worldnic.com 7200s (02:00:00)
30.152.178.205.in-addr.arpa IN PTR w2k3-web30.prod.netsolhost.com 36000s (10:00:00)
-- end --
Gotta run, but I will look around later. Thx.
Yep, it does. Here ya go:
http://www.altenergytechcenter.com/
Not a lot of links to the material that was posted on this board.
So I would imagine at least some of that was non-public.
But I haven't looked that hard to find out.
Does this company even have a web site? I really don't know.
I think he may have had. He seems to be very well informed.
And now, back to AETE.
Does anyone think that the "investigator" that we see posting here had a hand in the preparation of todays press release?
SO lets see ... what is it that you think you know about AETE and its officers, Directors and shareholders?
Thanks, zekel. I'm sorry I didn't hear about it earlier...
And, I think a very interesting question that deserves a serious answer from the SEC as well as any number of enforcement agencies is why this type of activity cannot be contained any better than it is?
I think the answer to that is that the SEC generally regards penny stocks as an annoyance rather than a serious problem. Of course they know that serious crooks--including some organized crime figures--have always been involved in the pennies, but I'm not sure they understand that thanks to the Internet and online brokerages, playing penny stocks is now accessible to many more people than it was, say, twenty years ago.
I think they need to realize this, and need to increase their enforcement efforts. The establishment of a separate penny stock enforcement division would be a good first step.
He's bought and sold quite a few I believe. Doesn't seem like he wants much to do with running a company, just cleans up shells and sells them.
Yep. That's the guy. But I was thinking of him with reference to a specific stock; can't remember what it was.
LOL: The Alternative Energy Technology Center, Inc.: Retraction and Clarification of Statements Contained in Unauthorized Press Relea
Date : 05/23/2008 @ 12:35PM
Source : Business Wire
Stock : The Alternative Energy Technology Center, Inc. (AETE)
Quote : 0.4 -0.1 (-20.00%) @ 2:28PM
<< Back Quote Chart Trades
The Alternative Energy Technology Center, Inc.: Retraction and Clarification of Statements Contained in Unauthorized Press Relea
http://ih.advfn.com/p.php?pid=nmona&cb=1211568972&article=26503233&symbol=PINK%5EAETE
The Alternative Energy Technology Center, Inc. (OTC:AETE) wishes to advise shareholders and other interested parties that unbeknown to Senior Management various press releases had been disseminated to the public utilizing unauthorized methods. AETE wishes to retract and/or clarify those press releases and/or information disseminated through a conduit of websites.
On or about January 29, 2008, by virtue of a press release, listing David Mordekhay as the contact person, it was announced that AETE had procured a research facility in Woodlands, Texas, whereby AETE would continue commercialization and research of its biomass refining technology. Due to financial constraints and other related matters an agreement on this facility has not been contracted and may be available to AETE in the future, although no guarantee can be made.
On or about February 18, 2008, by virtue of a press release, listing David Mordekhay as the contact person, it was announced that AETE had terminated its joint venture agreement, dated December 14, 2007, by and between Gulf Ethanol Corporation (GFET) and Meridian Bio-Refining, Inc. a wholly owned subsidiary of AETE, due to material default by GFET with regards to the terms and conditions of said joint venture agreement, thus the “Intellectual Property and Sublicense Agreement”, having been previously submitted in writing to GFET was formally withdrawn and any and all relationships with GFET have been revoked, rescinded and withdrawn.
On or about May 7, 2008 AETE advised that Jonathan Gilchrist and related companies had been issued a “cease and desist” directive relative to conducting business on behalf of The Alternative Energy Technology Center, Inc. AETE had also demanded that Gilchrist take the necessary steps to ensure that all rights, title and interest to the web page, http://www.altenergytechcenter.com, be transferred to AETE. Such demands have gone unanswered, thus AETE intends to take the necessary steps to ensure that this website is shut down or ownership is transferred to AETE. Some of the information presented on this website is false and misleading as set forth below: “Carliwater, Inc. is an Israeli company to which we have licensed the use of our technologies for the purification and desalinization of water. Many parts of the world lack the fresh water resources needed to support growing populations and agricultural needs. Carliwater is working to deliver a cost-efficient technology for removing salt from seawater and delivering fresh, potable water to these nations in cooperation with The Alternative Energy Technology Center.” http://www.altenergytechcenter.com/company.html AETE, at the present time, neither owns nor has a license, exclusive or otherwise, to technology for the purification and desalinization of water, nor does AETE have any business relationship with Carliwater, Inc. as alleged on this website (http://www.altenergytechcenter.com). On information and belief, Carliwater, Inc. may be a business entity owned and/or controlled by Jonathan Gilchrist and David Mordekhay.
“Morgan Stacy, Inc. builds equipment used for materials separation and purification. AETE will be the primary R&D, engineering and construction partner for Morgan Stacey. Currently gas separation units are being developed for the oil field service industry. This technological platform is expected to be expanded to provide technologies to clean toxic wastes and for the more efficient processing of human waste products.” http://www.altenergytechcenter.com/company.html AETE, at the present time, neither owns nor has a license, exclusive or otherwise, to technology for the materials separation and purification of gas for the oil field service industry, nor does AETE have any business relationship with Morgan Stacy, Inc. as alleged on this website (http://www.altenergytechcenter.com).
"Quantum Refining, Inc. is a development stage technology company focused on developing new and revolutionary technologies for the refining of crude oil into transportation fuels, chemicals and plastics. Quantum refining has retained AETE as its technology development partner. They expect to deliver faster, cheaper, safer and more scalable refining technology within five years." http://www.altenergytechcenter.com/company.html AETE does not have any business relationship, whatsoever, with Quantum Refining, Inc., for the refining of crude oil into transportation fuels, chemicals and plastics, as alleged on this website (http://www.altenergytechcenter.com).
As set forth on hotstockmarket.com message boards, AETE adamantly denies any and all relationships with Cariwater, Inc., Morgan Stacy, Inc and. Quantum Refining, Inc, as referenced above and as alleged on the hotstockmarket.com message boards as set forth below: http://www.hotstockmarket.com/forums/showthread.php?t=59458&page=2.
AETE also commented on reports that individual investors had received unsolicited spam e-mails promoting AETE stock. Activity of this type, conducted by any individual, group or entity, has been without the knowledge or consent of AETE Management. Any compensation in cash or free trading stock associated with this activity was not authorized nor paid for by AETE.
AETE and its Management sincerely regret if any of the investing public have been inconvenienced or misled by any information promulgated by the website (http://www.altenergytechcenter.com), message boards and spam e-mails. Complaints have been filed with the appropriate regulatory agencies to ensure that these sites and their emanating claims are dealt with in the appropriate manner.
AETE also disclosed that it had been notified by McElravy, Kinchen & Associates, P.C. that the previously announced audit engagement commitment is being withdrawn, prior to the commencement of any work on behalf of AETE. AETE is presently seeking a qualified auditing firm and will advise shareholders when an auditing firm has been retained.
On or about April 3, 2008 and April 15, 2008 Gulf Ethanol, Inc. (GFET) announced that it had signed product development and distribution agreement with Vortex Ventures and GFET had ordered prototype cellulosic processing unit, respectively. On information and belief AETE believes that GFET may be violating a confidentiality agreement signed by GFET for the benefit of AETE, during the timeframe when AETE had entered into its joint venture arrangement with GFET. AETE intends to vigorously defend it rights, title and interest with respect to its technology and any breach by GFET.
About The Alternative Energy Technology Center, Inc.
The Alternative Energy Technology Center, Inc. (OTC:AETE), based in The Woodlands, Texas, is a technology company focused on biofuels and alternative energy technologies. It is developing the first true biorefinery in the U.S. It will focus on technologies using renewable energy inputs from non-food energy sources and on technologies that can be scaled up to efficiently address the post-petroleum energy needs of the United States and abroad. AETE’s integrated technologies provide the ability to convert cheap, abundant cellulosic plant material into a variety of fuel products that will allow AETE, initially, to efficiently address a part of America’s energy needs. America’s energy future must be built on renewable fuels that can be produced at a lower cost and AETE’s vertically integrated biorefining technology delivers the answer to this pressing need.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Careful, zekel, you'll scare Janice. She's not accustomed to receiving a warm welcome when popping in. That being said, I'm also appreciative for her presence.
Janice - it brings warmth to my heart to see you here - you are a legend.
regards,
zekel
In answer to your question there is a viable and legitimate technology at the base of the whole issue that is the foundation for a "Real Company." And, on the specifics of the information in your post none of these individuals have any free trading stock in AETE. All stock held by the original members of Meridian Biorefining received 144 restricted stock, non of which has had any filig associated with it requesting that the restrictions be lifted.
The question of a "real company" existing under the "wreckage" is directly related to the ability for management to bring the current problems under control, establish a viable business plan and move the company forward.
Stock Manipulation asside the current problems for the management has absolutely no productivity associated with it for any of them.
Answer to a hard question and very simple at that. Initially, Meridian contemplated entering into an LOI agreement with Gulf Ethanol that envisioned what had been presented as an opportunity to execute a reverse merger between the two companies.
That LOI agreement was just before expiring, and as it is now known, J. T. Cloud and Jonathan Gilchrist could and would not allow this to happen and Meridian was approached by Gilchrist with the idea of instead of a reverse merger a proposed joint venture agreement that on the face of it contained more desirable terms and conditions allowing Meridian to maintain the control over it's technology and the proposed operations of any process systems that would be constructed.
Unfortunately, what was soon to be learned was that J. T. Cloud, Gulf Ethanol, Jonathan Gilchrist and others around them had their own agenda that actually involved the effective hijacking of Meridian technology by the inference that Gulf had actually acquired the Meridian Technology as Gulf frequently claimed in their press releases which were written by Jonathan Gilchrist.
After the execution of the Joint Venture Agreement with Gulf Ethanol an agreement was entered into between Meriden and Goldbridge Capital for the acquisition of a publicly traded shell. This was the overlap of the plan of Gilchrist and Cloud in their agenda to manipulate and control the use of Meridian and eventually AETE in a well choreographed stock fraud. At this time it must be pointed out that the principals of Meridian already had in hand two LOI Term Sheets from a major investment group which while the terms provided substantial investment of funds they diluted the ownership of Meridian and the ownership of the company and it's technology to minority status for the principals of Meridian.
The ultimate decision by Meridian made the route of pursuing the reverse merger with a shell provided by Jonathan Gilchrist/Goldbridge Capital which would, under generally accepted circumstances, allow the company access to a wider range of funding and provide for the completion of processing equipment and establish production under the business model that had been worked out over a period of a year by Meridian Biorefining. Under these circumstances the stock price would have increased over time in relationship to the build out of process equipment and production growth as would reasonably be expected with any legitimate commercial enterprise.
Because of the non-performance on the Joint Venture Agreement and the fact that J. T. Cloud and Gulf Ethanol had not executed the associated License Agreement all agreements with Gulf Ethanol were terminated on January 14, 2008. All things being equal and without the knowledge of meridian management the reverse merger became the fall back position of Gilchrist and Cloud in maintaining their ability to conduct their ongoing criminal activity using Meridian in the form of AETE.
The stock exchange agreement between Meridian Biorefining and MSPR/AETE was executed on December 18, 2007. What was not expected nor foreseen was that the whole group around Jonathan Gilchrist and William Carmichael having absolutely perfected their scam scenario were already preparing AETE as their next "target company" having created 6 million shares of counterfeit stock in AETE through the execution of a 504 Reg D transaction on December 27,2007 which was accomplished midstream during the time between the signing of the stock exchange agreement and the alleged formal closing that was to transpire December 31, 2007 without the knowledge of Meridian Biorefining management.
The execution of the 504 Regulation D transaction was accomplished by Carmichael being the only consistent and continuing corporate AETE signature authority at the time and Jonathan Gilchrist switching roles in the two entities MXPR and AETE as it suited their needs in creating an environment where 6 million shares of stock were in essence counterfeited and stolen without the knowledge of the management of Meridian most of which became the new management of AETE. Stock register spreadsheets prepared by Carmichael and Gilchrist prepared on several occasions from the time of the execution of the stock exchange agreement only provided stock share numbers consistent with the stock exchange agreement. A demand was made for certification of stock register information to William Carmichael on or about February 24/25, 2008 which yielded the disclosure of the 504 Reg D transaction from Carmichael on February 26, 2008. This information provided from filings of MXPR resolutions and subsequent AETE resolutions signed by William Carmichael was the first time the documents had been made available to the new management of AETE.
During that same period of time it was determined that a complete due diligence investigation had to be undertaken by the new management of AETE to ascertain just what had been transpiring. This decision was made based on the claims established in the 504 Reg D transaction executed by Gilchrist and Carmichael on or about December 27, 2007 of the $15,000.00 payment by Gilchrist to Peter Lloyd for investor relations services which were not disclosed until a meeting on January 23, 2008. Basically the Gilchrist, Carmichael, Cloud, Uselton network has such a well established methodology for conducting these types of ongoing criminal activities that the can and do virtually hide a set of conduits that function in a parallel manner right alongside of the legitimate management of any company that they become involved with. This method and means of operations can be shown to have been used going all the way back to the companies in which Jack Uselton was sanctioned for this same type of scam in the late 90’s.
Right now there is a list of over 1005 companies that has been compiled, some of which were the basis of the Uselton indictments in July 2007 that upon close examination show this same type of method and means in the conduct of an ongoing criminal activity which includes Jonathan Gilchrist, William Carmichael, J. T. Cloud, Darrel Uselton, jack Uselton and a list of other participants that extends out to approximately 30 other individuals. That list and the associated link analysis that demonstrates the inter-relationship between these companies and their perpetrators is extraordinary in its scope, the level of their organization, and their ability to maintain and conduct these scams over a significant period of time.
The easy answer to your question of “why on earth didn't "senior management" have any idea what was going on?” is quite simple in one way and very complex in another. It’s one thing to feel that things “just aren’t quite right” at some point and then do what needs to be done and go to work in the manner that has been done and do a pretty complete internal investigation beginning with the first contact with the SEC and other enforcement agencies on or about the last week of January and the first week of February 2008 after developing enough information to be able to demonstrate the existence of a regulatory and/or ongoing criminal problem.
In effect these types of operations continue on a daily basis. If the web is surveyed for the number of press releases, or better yet, if and when someone spends the cash to subscribe to a service such as that found at www.stockpromoters.com you will find that there are over 750 companies that are currently being “promoted” by different groups that specialize in the promotion of microcap stock companies, most of which I would assume are legitimate business or have been established just as AETE was for the purpose of conducting a legitimate business that would grow or fail under its own power through the generally accepted phases of meeting commercial and market demands for a service or product. Then go to that same web site www.stockpromoters.com and look at the groups that are known for their activities as promoters in the pump and dump community and see how many companies they are promoting. What you will find is that in one fashion or another there are at 10- 20% of the companies that are currently being promoted (which does not include all of the known microcap companies in the market) that are probably being subjected to the same thing as AETE and other companies the names of which have been posted on this forum.
The world is full of traps, even some of the companies that start out without the problems that were uncovered by the management of AETE in short order become the target of other stock manipulation scams. The management of AETE acted on the available information, took the appropriate action in alerting the SEC and other enforcement agencies in multiple jurisdictions, and have also been forthcoming in its public approach to resolving the problems.
A better question is why is microcap stock fraud and stock manipulation a billion dollar a year business that involves everyone from the general public as investors, to traditional organized crime families and terrorist organizations. Another question is why is it that in the final nalysis it can be demonstrated that these groups that conduct these types of criminal activity are as well organized as the narcotics trade, the illegal weapons trade and the terrorist groups. And, I think a very interesting question that deserves a serious answer from the SEC as well as any number of enforcement agencies is why this type of activity cannot be contained any better than it is?
Janice, you mean back when a million bucks was really worth something?
Here's a partial list of Anthony shells. It may be buried, but I haven't run across any connection between Anthony and MXPR/AETE.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=25800300
Stock manipulation aside, does a real company dwell anywhere under the wreckage? Just wondering because the listed Principals of Meridian Biorefining haven't been mentioned as part of the manipulation scenario....yet.
From Nevada Business Entity Search.
Officers Include Inactive Officers
Director - ROBERT F BICKEL SR.
Address 1: PO BOX 4470 Address 2:
City: LAKE TAHOE (STATELINE) State: NV
Zip Code: 89449-4470 Country: USA
Status: Active Email:
President - BEN D CAMPBELL
Address 1: PO BOX 4470 Address 2:
City: LAKE TAHOE (STATELINE) State: NV
Zip Code: 89449-4470 Country: USA
Status: Active Email:
Secretary - JOHN M JOHNSTON
Address 1: PO BOX 4470 Address 2:
City: LAKE TAHOE (STATELINE) State: NV
Zip Code: 89449-4470 Country: USA
Status: Active Email:
Treasurer - STEVEN R TURKNETT
Address 1: PO BOX 4470 Address 2:
City: LAKE TAHOE (STATELINE) State: NV
Zip Code: 89449-4470 Country: USA
Status: Active Email:
Are you thinking about the guy that buys a lot of otcbb shells, gets all the filings up to date and them sells them?
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5851890
NO BIO AVAILABLE FOR CEO MICAHEL ANTHONY
hmmmm.... I remember Michael Anthony from somewhere (apart from "The Millionaire", of course), but I can't quite place him.
It has been said that members of the senior management of AETE made the demand of the SEC that the trading suspension of AETE stock be extended for the purpose of protecting the company, it's stock holders and the investing public while the internal investigation was being completed as well as that of any regulatory and enforcement agencies looking into the activities of the perpetrators. That obviously was not capable of being accomplished for reasons unknown at this point.
Easy answer: by law, the SEC can only suspend trading for ten trading days.
Hard question: why on earth didn't "senior management" have any idea what was going on?
What a mess!
Additional Uselton's (keeping with the all in the family affair that Darrel and Uncle Jack have kept up), include: Lorena, Penny, Frank, Michael and Scott Uselton.
ref.: http://www.rgm.com/articles/stockwatch5.html
Don't forget Mark, Jack ("The Honest Oilman) Uselton's son. He's an MM who works for Legacy in Oklahoma City. He played a minor role in the MTEI scam back in 1998.
Just to put a bow on it...
Ahead of the Bulls, Wall Street Grapevine, Pamplona, OTC Stock Exchange, Expedite Ventures and several others are all run outta the same den of vipers. When the heat gets turned up, they just use/make up another site.
I love to see the dots connected in a more formal environment.
hey bud how've you been long time no see
The REAL problem starts.....
When the IRS starts to take a look at these guys, it could get excruciating. The SEC may fine these guys and sanction them, but the IRS will devestate them.
Glad to see some of you doing very good work.
Gosh, is that a cut and paste? Where have I read all that before?
Quite frankly, you sound really concerned about your involvement with AETE, or you would not have come here to attack me and post all that.
I hope things work out well for you. And I really mean that.
"sancassano" character. They host and build web sites.
So maybe you had some other point about that?
Have you done business with them?
How would you rate their services?
Did they build the web site for AETE? Do they even have one?
http://www.sancassano.com/
Sancassano.Com Web Design is a team of talented and experienced Designers and Webmasters focused on creating and maintaining high-impact corporate Websites.
Our objective is to build sites that are effective, and we do that by getting to know your company, your industry and your goals.
Make us your choice if you need to market a service, sell a line of products, communicate with employees or members, or strengthen your corporate identity using the Internet.
We can produce and maintain a professional, sensible and effective Web presence for your company or organization.
Sancassano.Com provides e-business consulting services, helping companies improve their sites.
http://www.sancassano.com/aboutus.htm
So, does that information appear to be incorrect? You can point out any of it you feel is incorrect.
looks to me like that sancassano character is a very good site designer...you guys really missed your calling though, you should go to the local donut shop and start working on your detective careers
#msg-29300212
sancassano@hotmail.com
sancassano - Coincidence?
==============================================================
Posted by: pennypusher1
In reply to: mAjOr dAmAgE who wrote msg# 3239 Date:1/26/2008 5:08:08 PM
Post #of 17686
Registrant:
Bob Cotton
5348 Vegas Drive
Las Vegas, Nevada 89108
United States
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: MINERALSMININGINC.COM
Created on: 20-Jun-07
Expires on: 20-Jun-08
Last Updated on: 20-Jun-07
Administrative Contact:
Cotton, Bob sancassano@hotmail.com
5348 Vegas Drive
Las Vegas, Nevada 89108
United States
(702) 387-7242 Fax --
Technical Contact:
Cotton, Bob sancassano@hotmail.com
5348 Vegas Drive
Las Vegas, Nevada 89108
United States
(702) 387-7242 Fax --
Domain servers in listed order:
NS1.MIAMIMAIDS.COM
NS2.MIAMIMAIDS.COM
===========================================================
Posted by: 3Saints
In reply to: kraigger23 who wrote msg# 10060 Date:4/30/2007 9:50:36 AM
Post #of 28712
Registrant: AHEADOFTHEBULLS.COM
Sean Dougherty
2541 NW 25 St
Rochester, New York 14607
United States
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: AHEADOFTHEBULLS.COM
Created on: 13-Dec-06
Expires on: 13-Dec-07
Last Updated on:
Administrative Contact:
Dougherty, Sean sancassano@hotmail.com
2541 NW 25 St
Rochester, New York 14607
United States
(585) 507-8652
Technical Contact:
Dougherty, Sean sancassano@hotmail.com
2541 NW 25 St
Rochester, New York 14607
United States
(585) 507-8652
Domain servers in listed order:
NS1.MIAMIMAIDS.COM
NS2.MIAMIMAIDS.COM
===============================================
Posted by: liable
In reply to: None Date:1/24/2007 5:02:13 PM
Post #of 34488
Here's what the Turner Hughes site said in November 2005. The part I find pretty funny is their self proclaimed area of expertise that hasn't yet been able to benefit its own subsidiary.
In addition to our own experienced staff, Turner Hughes Merger & Acquisition Professionals has a network of affiliated offices throughout North America that allows for a wider range of prospecting and deal making activity. To learn how Turner Hughes can assist you with your business transfer needs, contact a Turner Hughes representative today.
Going Public
Reverse Mergers
Private Placements
Merger & Acquisitions
HomeCompanyServicesLoginResourcesHelp & SupportAbout Us Client List Commercial Real Estate Finance Mergers & Acquisitions Private Investment Banking Investor Relations Broker Register Broker Login Client Login Investor Login Company News Suggested Links Contact Us F.A.Q. Section Forms & Applications Employment Opportunities
Mergers & Acquisitions
Turner Hughes is engaged by either a seller or a buyer of a business for the purpose of assisting in the ownership transfer of all or a portion of the business operation. Typically, we are engaged to conduct some preliminary work in preparation for the actual merger or acquisition assignment. Such preliminary activities include:
- Establishment of Acquisition or Divestiture Goals and Criteria.
- Identification of Prospective Seller or Buyer Candidates.
- Strategic Review of Complementary Business Opportunities.
- Qualification Requirements of Potential Buyers.
- Profile Likely Sale Structure.
For this work and to secure the engagement of our firm, there is normally a modest engagement fee. Out-of-pocket expenses are also passed on directly to the client.
A major advantage of working with Turner Hughes on a merger or acquisition project is that our compensation is based primarily on our ability to deliver the desired results to you, our client. Except for the initial engagement fee, our compensation is based solely on a percentage of the value of the transaction that is accomplished. It is based on total assets transferred, and is negotiated prior to the start of the engagement. The client reserves the right to accept or reject any transaction that TURNER HUGHES CORPORATION has negotiated. Our transaction fee is not earned unless you, our client, are satisfied with the results.
Services provided by Turner Hughes to a "seller" include:
- Development of the Selling Memorandum.
- Valuation Analysis of the Business.
- Search and Identification of Strategic Buyers.
- Assistance in Structuring the Transaction.
- Advice on Issues through Transaction Closing Date.
Services provided by Turner Hughes to a "buyer" include:
- Identification of Acquisition Opportunities.
- Assistance in Valuation of Acquisition Candidates.
- Assistance in Arranging and Evaluating Funding Alternatives.
- Assistance in Structuring the Transaction.
- Advice on Issues through Transaction Closing Date.
In addition to our own experienced staff, Turner Hughes Merger & Acquisition Professionals has a network of affiliated offices throughout North America that allows for a wider range of prospecting and deal making activity. To learn how Turner Hughes can assist you with your business transfer needs, contact a Turner Hughes representative today.
Going Public
Reverse Mergers
Private Placements
Merger & Acquisitions
Home | Company | Services | Login | Resources | Help & Support | Site Map
Web Design & Development by Sancassano.com
========================================================
Posted by: Myself °¿°
In reply to: Buckey who wrote msg# 40114 Date:11/16/2006 12:18:55 PM
Post #of 57295
Whois info for, stonebridgefinancialservices.com:
http://precow.tucows.com/cgi-bin/whois.cgi
Whois Server Version 2.0
Domain names in the .com and .net domains can now be registered
with many different competing registrars. Go to http://www.internic.net
for detailed information.
Domain Name: STONEBRIDGEFINANCIALSERVICES.COM
Registrar: GO DADDY SOFTWARE, INC.
Whois Server: whois.godaddy.com
Referral URL: http://registrar.godaddy.com
Name Server: NS3.WINSAVE.COM
Name Server: NS2.WINSAVE.COM
Name Server: NS1.WINSAVE.COM
Status: REGISTRAR-LOCK
EPP Status: clientUpdateProhibited
EPP Status: clientDeleteProhibited
EPP Status: clientRenewProhibited
EPP Status: clientTransferProhibited
Updated Date: 27-Oct-2006
Creation Date: 03-Oct-2006
Expiration Date: 03-Oct-2007
>>> Last update of whois database: Thu, 16 Nov 2006 11:55:27 EST <<<
======================================================================================================
Whois info for, comtrustinc.com:
http://precow.tucows.com/cgi-bin/whois.cgi
Whois Server Version 2.0
Domain names in the .com and .net domains can now be registered
with many different competing registrars. Go to http://www.internic.net
for detailed information.
Domain Name: COMTRUSTINC.COM
Registrar: GO DADDY SOFTWARE, INC.
Whois Server: whois.godaddy.com
Referral URL: http://registrar.godaddy.com
Name Server: NS2.SANCASSANO.COM
Name Server: NS1.SANCASSANO.COM
Status: REGISTRAR-LOCK
EPP Status: clientDeleteProhibited
EPP Status: clientUpdateProhibited
EPP Status: clientRenewProhibited
EPP Status: clientTransferProhibited
Updated Date: 14-Jul-2006
Creation Date: 16-Nov-2004
Expiration Date: 16-Nov-2009
>>> Last update of whois database: Thu, 16 Nov 2006 12:06:10 EST <<<
===========================================================
Posted by: maninfla
In reply to: Growth And Value who wrote msg# 586 Date:9/8/2005 2:10:58 AM
Post #of 1757
DD post from some time ago...
[some info may be dated, but includes info you are discussing]]
***INVESTOR DD***
Union Equity Inc. is a national real estate holding company and developer.
GAG ON TA [all share info therefore hearsay]
interwest, 801-272-9294
homepage and PR's
http://www.union-equity.com/
Current Capital Change:
shs increased by 7 for 1 split
Ex-Date: 2005-05-17
Record Date: 2005-04-27
Pay Date: 2005-05-16
Dividends:
Amount: Div: Spin off; One 144 restricted share of Preferred Properties Real Estate Inc for every 10 shares held.
Pay Date: 2005-07-08
Record Date: 2005-07-01
NOTE: "willy wizard" compensated with 30M shares for promotion
compensation [if any] for "sterling" unknown, but history suggests he is as well
NO BIO AVAILABLE FOR CEO MICAHEL ANTHONY
lockup agreement?
"...during such lock-up period the undersigned may make transfers in private non-public transactions. This lock-up agreement is personal in nature and shall not be binding upon purchasers of common stock, where such purchase is made in accordance with the terms of this agreement..."
REGDEX filing 11/17/04
http://www.sec.gov/cgi-bin/browse-edgar?company=union+equity&CIK=&filenum=&State=&SI....
--------------------------
LEGAL & COMPLIANCE
corporate and securities law firm
laura anthony, founder
http://www.legalandcompliance.com/postsite.html
----------------------------
205 worth ave?
http://ragingbull.lycos.com/mboard/boards.cgi?board=UNQT&read=224
---------------------------
some registration/corp info:
union-equity web page:
Registrant:
Century Capital Partners, LLC
1501 S. Flagler Dr., Ste. 6-H
West Palm Beach, Florida 33401
United States
Registered through: GoDaddy.com
Domain Name: UNION-EQUITY.COM
Created on: 14-Oct-04
Expires on: 14-Oct-06
Last Updated on: 19-Oct-04
Administrative Contact:
Anthony, Michael michaelicon@aol.com
Century Capital Partners, LLC
1501 S. Flagler Dr., Ste. 6-H
West Palm Beach, Florida 33401
United States
5616553972 Fax --
Technical Contact:
Anthony, Michael michaelicon@aol.com
Century Capital Partners, LLC
1501 S. Flagler Dr., Ste. 6-H
West Palm Beach, Florida 33401
United States
5616553972 Fax --
Domain servers in listed order:
NS1.SANCASSANO.COM
NS2.SANCASSANO.COM
-----------------------------------
florida corp search:
CENTURY CAPITAL PARTNERS, LLC
PRINCIPAL ADDRESS
330 CLEMATIS STREET #217
WEST PALM BEACH FL 33401
Changed 01/06/2005
MAILING ADDRESS
330 CLEMATIS STREET #217
WEST PALM BEACH FL 33401
Changed 04/29/2004
Document Number
L01000007798 FEI Number
651103105 Date Filed
05/14/2001
State
FL Status
ACTIVE Effective Date
NONE
Last Event
AMENDMENT Event Date Filed
09/20/2002 Event Effective Date
NONE
Total Contribution
0.00
Registered Agent
Name & Address
ANTHONY, LAURA E ESQ.
330 CLEMATIS STREET
SUITE 217
WEST PALM BEACH FL 33401
Address Changed: 01/06/2005
Manager/Member Detail Name & Address Title
ANTHONY, MICHAEL
1501 S. FLAGLER DR. #6-H
WEST PALM BEACH FL 33401 MGRM
-------------------------------------------
Foreign Profit
UNION EQUITY HOLDINGS, INC.
Cross Reference Name
UNION EQUITY, INC
PRINCIPAL ADDRESS
205 WORTH AVE., STE 201
PALM BEACH FL 33480
MAILING ADDRESS
205 WORTH AVE., STE 201
PALM BEACH FL 33480
Document Number
F05000000319 FEI Number
201915692 Date Filed
01/10/2005
State
DE Status
ACTIVE Effective Date
NONE
Registered Agent
Name & Address
ANTHONY, LAURA ESQ
330 CLEMATIS ST., #217
WEST PALM BEACH FL 33401
Officer/Director Detail Name & Address Title
ANTHONY, MICHAEL
205 WORTH AVE., STE 201
PALM BEACH FL 33480 PSCD
difficult to say how many other corps are this m anthony
http://www.sunbiz.org/scripts/corofflis.exe
--------------------------------
"eden development" formed 3/28/05??
just 2 days before UNQT PR of so-called "acquisition"
Florida Profit
EDEN DEVELOPMENT GROUP, INC.
PRINCIPAL ADDRESS
6070 SUMMIT BLVD
WEST PALM BEACH FL 33415
MAILING ADDRESS
6070 SUMMIT BLVD
WEST PALM BEACH FL 33415
Document Number
P05000045489 FEI Number
NONE Date Filed
03/28/2005
State
FL Status
ACTIVE Effective Date
NONE
Registered Agent
Name & Address
WADSWORTH, JAMES JR
6070 SUMMIT BLVD
WEST PALM BEACH FL 33415
Officer/Director Detail Name & Address Title
WADSWORTH, JAMES JR
6070 SUMMIT BLVD.
WEST PALM BEACH FL 33415 P
some other wadsworth corps...
[with same address]
FWIW, the guy has obviously been around a while
WADSWORTH, JAMES T. J WADSWORTH & NELSON, INC. V67222
WADSWORTH, JAMES T. JR. WADSWORTH ENTERPRISES, INC. 598972
WADSWORTH, JAMES T JR. WADSCO, INC. P02000038436
WADSWORTH, JAMES T JR. THE WADSWORTH COMPANIES PALM BEACH, INC. P96000002192
WADSWORTH, JAMES T. JR. WADSWORTH ENTERPRISES, INC. 598972
WADSWORTH, JAMES T JR. WADSCO, INC. P02000038436
WADSWORTH, JAMES T JR. THE WADSWORTH COMPANIES PALM BEACH, INC. P96000002192
=================================
911 HOME SALES, INC.
PRINCIPAL ADDRESS
205 WORTH AVENUE
SUITE 201
PALM BEACH FL 33480
MAILING ADDRESS
205 WORTH AVENUE
SUITE 201
PALM BEACH FL 33480
Document Number
P05000071192 FEI Number
NONE Date Filed
05/16/2005
State
FL Status
ACTIVE Effective Date
NONE
Registered Agent
Name & Address
ANTHONY, MICHAEL
205 WORTH AVENUE
SUITE 201
PALM BEACH FL 33480
Officer/Director Detail Name & Address Title
ANTHONY, MICHAEL
205 WORTH AVENUE, SUITE 201
PALM BEACH FL 33480 P
http://www.sunbiz.org/scripts/cordet.exe?a1=DETFIL&n1=P05000071192&n2=OFFFWD&n3=0001&....
=============================
if "kingoffer.com" is part of UNQT
and therefore owned by UNQT SH's
why is the website owned by another anthony corp, century capital?
kingoffer.com
Registrant:
Century Capital Partners, LLC
1501 S. Flagler Drive, Ste. 6H
West Palm Beach, Florida 33401
United States
Registered through: GoDaddy.com
Domain Name: KINGOFFER.COM
Created on: 15-May-05
Expires on: 15-May-07
Last Updated on: 25-May-05
Administrative Contact:
Anthony, Michael michaelicon@aol.com
Century Capital Partners, LLC
1501 S. Flagler Drive, Ste. 6H
West Palm Beach, Florida 33401
United States
(561) 655-3972 Fax -- (561) 833-2845
Technical Contact:
Anthony, Michael michaelicon@aol.com
Century Capital Partners, LLC
1501 S. Flagler Drive, Ste. 6H
West Palm Beach, Florida 33401
United States
(561) 655-3972 Fax -- (561) 833-2845
=====================================
PREFERRED PROPERTIES REAL ESTATE, INC.
PRINCIPAL ADDRESS
C/O 330 CLEMATIS STREET
SUITE 217
WEST PALM BEACH FL 33401
Changed 06/17/2005
MAILING ADDRESS
C/O 330 CLEMATIS STREET
SUITE 217
WEST PALM BEACH FL 33401
Changed 06/17/2005
Document Number
P04000035392 FEI Number
APPLIED Date Filed
02/24/2004
State
FL Status
ACTIVE Effective Date
NONE
Registered Agent
Name & Address
ANTHONY, LAURA ESQ
330 CLEMATIS STREET
#217
WEST PALM BEACH FL 33401
Officer/Director Detail Name & Address Title
ANTHONY, MICHAEL
C/O 330 CLEMATIS STREET #217
WEST PALM BEACH FL 33401 P, D
---------------
more background, you need PDF capability
http://www.sunbiz.org/COR/2005/0617/50312185.tif
---------------
more...
http://www.sunbiz.org/COR/2004/0225/70265777.tif
-------------
and "associated" corps [via common officer]
SCHAFRANICK, PAUL INTERNATIONAL REAL ESTATE HOLDINGS, LLC M02000001808
SCHAFRANICK, PAUL FREEPURCHASE.COM, INC. P00000005030
SCHAFRANICK, PAUL DRY CLEANER CONCEPTS, INC. P01000113479
SCHAFRANICK, PAUL AFX ADVISORS, LLC L02000006499
SCHAFRANICK, PAUL INTERNATIONAL REAL ESTATE HOLDINGS, LLC M02000001808
SCHAFRANICK, PAUL DRY CLEANER CONCEPTS, INC. P01000113479
SCHAFRANICK, PAUL TITLE AMERICA OF PALM BEACH, INC. P04000169359
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more...
http://www.titleamericapb.com/
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As one of the most vocal critics from the start of this company, I believe I was duped into believing that Mordekay, Gilchrist, and Carmichael were the ones running the show. I am willing to admit that perhaps I jumped the gun too quickly and did not give Mr. Brown and the "real management" adequate credit from the start. I am confident that as evidence by their quick and swift action to clean house as well as subjecting themselves directly to the scrutiny of the SEC, was the appropriate move to gain the confidence of investors.
Unfortunately, as you so adequately point out, most start up companies do not have the wherewithall ($$) to fight these scams, especially in dealing with the aftermath and clean up when they are long gone (ref. ABZT, Spooz, etc...):
http://www.sec.gov/rules/petitions/4-500/rdnull071205.htm
http://www.spooztoolz.com/press_details.aspx?ContentID=109
http://dockets.justia.com/docket/court-txsdce/case_no-4:2007cv00356/case_id-489219/
The viability of any company should be measured on it's ability to produce product or service that is viable in the market place on a commercial basis. Convey it's story to the market through the reasonable meas that are available in it's required reporting under SEC regulations and the material that it can legitimately present about the company, its products and services, and it's management through a well maintained website. There is also the legitimate ability to place press releases that contain real information that is viable through the national business wire services.
AETE, had it been treated in the manner that it should have an was being demanded by the "real management of the company" would have been able to demonstrate to the market place the viability of it's technology to the marketplace in a reasonable amount of time and that technology would have been validated in operation by serious industry participants and academics. Instead the pump and dump crew had been moved in to run a parallel operation without the knowledge or consent of the senior management of the company.
I believe the documentation demonstrates that in fact the pump and dump crew placed their concentrated effort in the expenditure of cash and illegally obtained free trading stock shares and the efforts associated with that for the purpose of creating a story without substance through which they could and did run the stock up to a value of $3.75 in a very short period of time only to attempt to cash out as quickly as possible which was cut short by the reporting of the illegal 504 Reg D transaction. That of course didn't keep some illegally counterfeit stock from finding it's way into the market I'm sure.
It has been said that members of the senior management of AETE made the demand of the SEC that the trading suspension of AETE stock be extended for the purpose of protecting the company, it's stock holders and the investing public while the internal investigation was being completed as well as that of any regulatory and enforcement agencies looking into the activities of the perpetrators. That obviously was not capable of being accomplished for reasons unknown at this point. An unusual request to be sure but one that was made none the less.
The stock promoters, with Tim Dougherty and Expedite Ventures at the head of the pack continued to dump their free trading shares at the expense of the typical investor. This is criminal itself especially since Jonathan Gilchrist made the deal with Dougherty and then the reporting of the stocks were attributed to AETE which is a fraudulent act in itself by lying on a report to a federal regulator. It can only be hoped that Dougherty and Gilchrist get their n*ts crushed for this little scam. It didn't last as long or go as far as they wanted it to but it went much farther than it should have.
If you take a look another one of the same groups that Dougherty operates is touting Gulf Ethanol at this point as well. Coincidence? I don't believe so. Just more of Dougherty, Gilchrist, Carmichael, Cloud, Uselton and the rest of the crowd working the market hard to cash out as quickly as possible.
The recovery of AETE into a viable company is going to take a lot of hard work.
First the company has conducted it's own internal investigation of activities involving unauthorized and illegal conduct on the part of individuals who attempted to use AETE for their own peronal gain from the inception as a text book pump and dump scheme.
Second all of the information that has been gathered has been and will continue to be turned over to the proper authorities for the appropriate legal action under SEC Regulation, Federal Code and/or the state law in various jurisdictions.
3. AETE will have a lot of work to do in rebuilding it's reputation by establishing itself as a viable entity in the market place with everything in place and the decks completely scrubbed to move the company forward. This is typically difficult enough for a start up but will also have an added measure of difficulty depending on the view of the companies stockholders and the market as a whole.
All of this is going to have to be accomplished over time as it was conceived in the context of the origional business model for AETE. And, there is no way to assure anyone that it can be done in a week, a month or a year. Companies are built on hard work, integrity and the ability to produce a product or service in a commercially viable manner. This has to be accomplished over time delivering on real performance based issues.
Unfortunately there were some people who targeed the company for it's use as a stock manipulation play as they have done with other companies in the past. I think it would be fair to say that the repercusions of all of this remain to be seen in how the investing public views viable company activity in a measurable business model that delivers results which are peported over time as is required in SEC regulations.
There is no easy answer and as always there are details that may never see the light of day about everything that has actuially transpired in the cleanup of the company but the management will have to be as forthcomming and transparent as possible.
One big question is what will the market opinion be of a company whose management recognized that the company was being used as a scam and went to extraordinary lengths to not only make the commited effort to stop the illegal activities but to also make sure that the highest degree of cooperation was engaged in with regulatory and enforcement agencies.
It has been my observation that often companies who have been abused in the manner to which AETE was subjected have a very difficult time overcomming the stigma of those associations in the short term. The level of concentrated effort demanded takes its toll in many ways some of which are incapable of being measured immediately and there is always the potential for ongoing "targeting of the company" by unscrupulous groups such as those that heve been identified who were contracted by Jonathan Gilchrist for unauthorized stock promotion although this may not be the case for AETE in the future because of the specific "promoters" being reported to regulatory authorities.
There are and will be a lot of "ifs" that will have to be dealt with in the future. Any investor would have to look seriously at the appropriate facts and due diligence information on the company as it is provided through the porper channels before making any decision on the viability of investing in AETE of any othe company. One thiong that I would say also is that at the mkoment anything that has been stated through any stock promotional group needs to be considered with a jaundiced eye until more specific information is available from the company itself.
I have not received one stock spam email -- ever -- that was useful. All these tout web sites are crap.
Their objective is only to sell you the shares they get from a company (or other third parties); or they get cash outright to promote them, and will say and do most anything to be positive about the outlook for the stocks they tout -- until the contract ends. And when it's over, it's really over.
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