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appreciate the input to you and cap,m . wish i had found this sight earlier before i bought . I will drop the otc sight if that is the kind of information they send out in their e mails i could never beleive them again THANKS
Notwithstanding my personal opinion that the Company has been unfairly targeted by the questionable tactics of Gilchrist, Mordekhay, Carmichael, et. al....If I were an investor, I would want to know more about the share structure and financial health of the company. The latest information shown at: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=aete
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:
1. 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.
2. Spam — The security is the subject of spam promotion
having the effect of encouraging trading of the issuer's securities.
3. Investigation of Fraud — There is a known investigation of fraudulent activity committed by the company or insiders.
4. Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt): http://www.sec.gov/litigation/suspensions/2008/34-57600.pdf
5. Disruptive Corporate Actions — The security or issuer is the subject of disruptive corporate actions, such as reverse mergers or serial stocks splits and name changes without adequate current information being publicly available.
6. 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.
7. Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.
Since this stock is traded on the Gray Market, one also has to be concerned. Check out the SEC website for more common sense tips: http://www.sec.gov/investor/pubs/cyberfraud.htm
will be sub penny within 3 months
got burned at 2.50 just read allthe post was wondering if purchased at .25 would be a chance to regain or would this aete would go bust (opinions)
Investigative Notes
The Alternative Energy Technology Center, Inc.
Unauthorized Activities of Jonathan Gilcrhist, et at and Goldbridge Capitol, LLC.
April 24, 2008 – May 21, 2008
After consulting with our SEC Attorney The Alternative Technology Center, Inc (AETE) came to the conclusion that Jonathan C. Gilchrist, Goldbridge Capitol, LLC and numerous companies engaged in the promotion of AETE stock have breached SEC Regulations having issued Investor relations materials under an inadequate disclosure violation. During the commission of these activities Jonathan C. Gilchrist, Goldbridge et al also perpetrated stock manipulation fraud against the company AETE, it’s shareholders and the investing public by causing to be released fraudulent and misleading information in various press releases as well as fraudulently contracting with various investor relations web sites creating information used to cause reports filed under SEC Regulation, Rule 17 that investor relations events were authorized by and funded by The Alternative Technology Center, Inc.
Rule 17-b of the securities act of 1933 states the following:
It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
The senior management of The Alternative Energy Technology Center, Inc. (AETE) has not had any contact with any of the companies, groups, individuals or entities listed below who have engaged in the issuance of investor relations materials activities for any purpose other than to determine the circumstances by which such stock promotion activities were undertaken and by whom each company, group, individual or entity was contacted, under what claimed authority the activities were contracted, and what form of compensation was provided. Also, the senior management of The Alternative Technology Center, Inc. has never authorized any activity of the nature engaged in through unauthorized parties who conducted these activities.
The fraudulent and misleading information released by Jonathan Gilchrist, Goldbridge Capitol, et al through these companies, groups, individuals or entities resulted in an artificially inflated value and share volume of the company. It has also been determined that through various companies, groups, individuals or entities the illegal use of email spam was engaged in as is noted by the following :
AETE Yahoo Financials Message Board Posting –
Beware of the hype 25-Mar-08 04:03 pm
Funny how you can be a shell company one day and a "major" player the next. This thing is being pumped by several different snake oil salesmen. Expedite Ventures, Aheadofthebulls, wallstreetgrapevine, otc-advisors...we got all their emails. and what's hilarious is that they are all working out of the same boiler room....lol. Be very careful with this one
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As of January 23, 2008 it was determined that Jonathan Gilchrist, Goldbridge Capitol et al had engaged an individual identified as Peter Lloyd, address unknown in Florida using $15,000.00 in personal funds provided by Jonathan Gilchrist. The purpose of Gilchrist engaging Peter Lloyd was to provide investor relations services for The Alternative Energy Technology Center, Inc. (AETE) by distributing information through an investment news letter associated with a data base of investors owned by Lloyd. Gilchrist was informed on that date that he was not to engage in the expenditure of any funds for the benefit of the company (AETE), to contract for the services of any company, group, individual or entity or to disseminate information related to AETE under any conditions without the express knowledge and written consent of company senior management.
It was later determined during the course of the internal investigation undertaken by senior management of and security consultants to The Alternative Energy Technology Center, Inc. that the payment of $15,000.00 allegedly in personal funds to Peter Lloyd for investor relations services had in fact been an unsolicited expenditure of funds to establish a claim by which Jonathan Gilchrist, Goldbridge Capitol et al could illegally execute an 504 Regulation D transaction for a total of 6 million shares of stock in The Alternative Energy Technology Center, Inc. Some portion of the 6 million shares of stock as well as cash funds have been used by Jonathan Gilchrist, Goldbridge Capitol, et al have been compensated to various companies, groups, individuals or entities in the contracting of the unauthorized and illegal stock promotion activities. Listed below are the names and contact information for the various companies known at this time to have engaged in the unauthorized promotion of The Alternative Energy Technology Center, Inc. stock and having reported falsely that these activities were compensated and authorized by AET or in some instanced did not report any compensation as required by SEC regulations Rule 17-b of the securities act of 1933.
Companies engaging in Unauthorized Promotion of AETE stock –
Peter Lloyd – This is the individual that Gilchrist initially admitted to Brown and I that he had paid $15,000.00 to for promoting the stock when we had the meeting in The Woodlands at Biofuels Power offices on January 23, 2008. At that time Gilchrist got mad and left the meeting when I asked him just what he thought he was doing paying out money for “unapproved advertizing activities” and completely without the knowledge or approval of any of the officers or directors of the company. Gilchrist got righteously indignant, put on his coat and left the meeting. David Mordekhay tried to smooth things over with me by being an apologist for Gilchrist. Gilchrist already had everything that we see documented here in place at that time – I sent him an email of apology the next day so we could keep thing where we could find out what was actually going on. (This individual was identified in February when Brown Marks CEO of AETE questioned Gilchrist on the matter of how he justified the issuance of 6 million shares of free trading stock. He never divulged the fact hat he had put all of this other operation in place)
Sizzle Stocks (www.sizzlestocks.com) – This website was located over the Easter 2008 weekend while checking the web for any association of the AETE stock symbol on any web site. They have been promoting the stock on their “front page” showing a “target stock price” of $6.50 per share. This site was included in an email I sent out over the weekend. According to the www.stockpromoters.com site that listed this company, it was compensated $20,000.00 in cash for their services.
Registrant, Administrative and Technical Contact from Whois.com:
Officer:
Email: info@sizzlestocks.com
No Address Available
Delray Beach , FL 33445
(561) 927-7717 (Cell Phone)
Stock Market News Alert (www.stackmarketnewsalert.com) – This website was also located in the search over the Easter 2008 weekend. According to the www.stockpromoters.com site that listed this company, it was compensated $20,000.00 in cash for their services.
Registrant, Administrative and Technical Contact from Whois.com:
Officer: Marco Dalonzo
Email: info@stockmarketnewsalert.com
4892 Ncitation Dr
Delray Beach , FL 33445
561-829-8515
Companies mentioned in Message Board Posting –
Expedite Ventures (www.expediteventures.com) – Again, we are shown prominently as a “recent client” on this website with the same logo as shown at the previous site. The client “services” text is the same exact material as from the previous site so as the poster on the message board has pointed out these are being run by the same outfit.
Registrant, Administrative and Technical Contact from Whois.com:
Sean Dougherty (sean@dealflo.com) Phone: 585-454-6950
274 North Goodman St.
Suite B265
Rochester, NY 14607
Michael Maley (michael@expediteventures.com) Phone: 585-820-0596
117 Campbell Park
Rochester, NY 14606
Ahead of the Bulls (www.aheadofthebulls.com) – This website is very interesting; it would seem that there has been some serious graphics being designed by Mr. Gilchrist. AETE is prominently shown on the home page of this site as one of the “Ahead of the Bulls picks” with a “LOGO” that none of us ever approved the design or use of. When you click on the “AETE profile” under the logo then you are taken to a very long dissertation on the merits of The Alternative Energy Technology Center and it’s viability as a solution to the alternative fuels market. According to the www.stockpromoters.com site that listed this company, it was compensated 50,000 free trading shares of AETE stock for their services.
The Wall Street Grapevine (www.wallstreetgrapevine.com) – This site is set up as with the previous site with AETE as a prominent display on the home page with the same unapproved graphics as previously used. Also, when you click on the graphics on the home page you are taken straight to a “news” page with the same article as the one posted on the previous site above (actually clicking on the AETE graphics takes you to the article posted on aheadofthebulls.com). The interesting thing is that this article is not one that has been submitted to Brown or I for approval. In the sidebar (right hand side) is another article that when you click on it it goes to that article with another surprise at the bottom of the page – there one will find not only the link to The Alternative Energy Technology Center web site www.AltEnergyTechCenter.com but a “hotlink” that leads to the AETE website as a “Sponsored Link” as Green Stock Alert - AETE where once again we find that AETE is being promoted – it is a rotating “sponsored link”. This site has the AETE stock target price at $4.00 per share. There is no posting on www.stockpromoters.com showing the compensation for these services.
Important note: This site shows a link in the navigation bar at the left for OTC Picks (www.otcpicks.com), while this site does not show AETE as of yet, it is interesting that as one of their “featured companies” is Copper King Mining which is one of the companies that is associated with Derek Ivany who is the signatory on one of the “consulting agreements” signed with Dennis McLaughlin in December 2004 – Refer to the AOOR_McLaughlin Document inventory list. This also ties all of the individuals together in the same nest as well
Pamplona Picks (www.pamplonapicks.com) – This is the newest entity that has been used to do “newsletter” and “spam” operations on The Alternative Energy Technology Center, Inc. The posting on it appeared on the AETE Yahoo Finance Message Board –
There is no posting on www.stockpromoters.com showing the compensation for these services.
Pamplonapicks.com: Running with the Bulls: AETE, CHCG, VDTI 25-Apr-08 04:47 am
Pamplonapicks.com: Running with the Bulls: AETE, CHCG, VDTI
Rochester, NY, Apr 24, 2008 (M2 PRESSWIRE via COMTEX) -- Alternative Energy Tec. Cente. (PinkSheets: AETE), China 3C Group (OTCBB: CHCG), and Vitalcare Diabetes Treatment (PinkSheets: VDTI); are Pamplona picks!
PamplonaPicks.com's aim is to bring you running bulls; fittingly as the city it shares a name with hosts the "running of the bulls". Any questions or concerns feel free to contact us at info@pamplonapicks.com. Visit, PamplonaPicks.com, to sign up for our free daily newsletter, and to read our disclaimer.
Alternative Energy Tec. Cente. (PinkSheets: AETE, http://www.marketwatch.com/quotes/aete/?... )
Hot Stock Market (www.hotstockmarket.com) – This website has a group of postings that in at least one instance contains completely false and misleading information taken from the draft website that was put into play by Jonathan Gilchrist, Goldbridge Capitol et al referencing projects with companies that do not in fact exist. Reference to at least one of these companies had been suggested as a subject for a press release by Gilchrist and was dismissed by senior management of AETE. In a conversation with an individual who answered the phone when an attempted contact was made representatives were told that to find out any information that contact would have to be made with Mr. Dougherty of Expedite Ventures.
Registrant, Administrative and Technical Contact from Whois.com:
Market DD
Email: info@hotstockmarket.com
rt7z36ec3wa@networksolutionsprivateregistration.com
ATTN: HOTSTOCKMARKET.COM
c/o Network Solutions
P.O. Box 447
Herndon, VA 20172-0447
Phone: 570-708-8780
OTC Advisors (www.otc-advisors.com) – This site is a bit more clever, when you enter AETE on their search utility it takes you to a page where AETE is shown by itself with a statement :”AETE Is Forecast To Trend Upwards” and when you click on that apparent hotlink then you are directed to another scam software offering from www.autopilotpicks.com that wants you to buy some guys “hot-pick software for managing penny stock portfolios. They evidently haven’t placed anything as far as advertizing there yet but are only using the email broadcast system of this group as related by the poster from the AETE Yahoo Financials Message Board. This site has the AETE stock target price at $10.00 per share. This site is also linked from the Wall Street Grapevine site.
Registrant, Administrative and Technical Contact from Whois.com:
Domain Associates LLC
Eric Rice (ericrice3@comcast.net)
443-421-0000
Fax: +1.4102247773
2804 Broadview Terrace
Annapolis, MD 21401
OTC Stock Exchange (www.otcstockexchange.com) – This website is constructed similarly to the Sizzle Stock site and has the same text and formatting that was found there – the big difference is that this site has the “target price” on the AETE stock set at $10.00 pe4r share. AETE is once again shown prominently on the Home Page for the site just as with several others. Found this one by accident and the stock alert was just listed today according to their “alert list” page. This site was shown on the navigation bar to the left of the home page for The Wall Street Grapevine. The offices for this operation are less than 1 mile from the offices out of which Larry Kaplan(and all of Kaplan’s children) operated prior to his indictment – there are still two securities groups in that same address. Mario Iacoveillo Also operates out of Scottsdale, AZ. Michael Paloma also used part of the same group as Icoviello – All of the crooks are now in the same nest. .
Registrant, Administrative and Technical Contact from Whois.com:
Private, Registration OTCSTOCKEXCHANGE.COM@domainsbyproxy.com
Domains by Proxy, Inc.
DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States
(480) 624-2599 Fax – (480) 624-2599
Market Watch Guru (www.marketwatchguru.com ) –
According to the www.stockpromoters.com site that listed this company, it was compensated 50,000 share of AETE stock for their services.
Registrant, Administrative and Technical Contact from Whois.com:
Rowe, Kyle
nk6as3xs32d@networksolutionsprivateregistration.com
ATTN: MARKETWATCHGURU.COM
c/o Network Solutions
P.O. Box 447
Herndon, VA 20172-0447
Phone: 570-708-8780
The Alternative Energy Technology Center, Inc. Promotion Sites Posted at StockPromoters.com. –
Search Results for 'AETE'.
1. '3/3/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
2. '3/3/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
3. '3/4/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
4. '3/4/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
5. '3/6/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
6. '3/6/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
7. '3/10/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Market Watch guru
8. '3/17/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Market Watch guru
9. '3/17/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
10. '3/17/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
11. '3/18/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
12. '3/18/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
13. '3/18/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Ahead Of The Bulls
14. '3/19/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Ahead Of The Bulls
15. '3/24/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
16. '3/24/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Market Watch guru
17. '3/28/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
18. '4/2/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by OTC Stock Exchange
You can believe whatever you wish, Just passing some info you may find interesting. Whether you choose to believe it or not is your choice.
I do not think he is doing to well. The bottom line, religion aside, he was talked out his shares. Schiller gave up most of his also. It was better to get out and move on.
I think I would find religion too if I worked for Mordekhay, Cloud, Carmichael, and Gilchrist...so Oren sells diamonds now....nice change of scenary to focus on the "non-material" things in this world...how pious of him....
Insiders tell investors funny things all the time. I have read stories on iHub where CEOs flat out lied to folks, and they bought it hook line and sinker and posted it online.
OTOH, there are posters that would lie about anything on iHub, too, and would never disclose what they really know.
Stock message boards are rarely about truth, justice, and the American way.
Puffery. Posturing. Proselytizing. These words more closely describe what's really going on.
I find it funny when people parse exact words put up online by folks posting about a stock. Definitely attorney material, these folks are, because they focus on EXACT meaning of every word. No gray, just black and white.
IMO, 90% of the time, posters lie and for sure insiders lie to them. It's all cream puff with sugary icing on top. So between the two, what's the truth? Who knows.
They were restricted shares and I know it's going to sound weird, he didn't care about the money because of his religious convictions. He could not sell them anyway. I also know that he was talked into giving them back. That's all I know.
More importantly as it relates to the current management of GFET (and indirectly their dealings with AETE), why wouldn't their financial statments indicate that these shares were returned?
Thanks for the clarification. So why did Mizrahi "give back" 1.585 million shares when the stock was trading at around $2.50? Is he a philantropist?
Mizrahi has had nothing to do with either EATE and left GFET in December 06, after giving back all his shares.
Up until last week, my statements were factually correct as Schiller has been on their web site as part of the team. As of today, it would appear that they have now taken down their web site and are updating it - thanks for sharing.
There has been no public information on Mizrahi, so I appreciate the update on him as well.
As with the millions of shares they have issued to friends and company insiders at par value, with no public acknowledgement of services rendered, how can one presume that he provided any value/services?
I won't answer your post either, but your documents are wrong. You can't make assumptions and think that they are correct.
What is misleading Hawk is that what typically happens on these message boards is that individuals such as yourself take humbrage to the overall disclosure of the conduct of ongoing illegal activities. Your problem and to some degree the problem of people who get caught up in these deals is a bad case of selective ethics.
In the case of day traders the money to be made is the only thing that coundts no matter who else gets burned in the process.
Same problem with the guys who operate the Investor web sites who get paid in stock and then work dilligently geneerally using either hyped or completely false and misleading information constructed symantically to lead one into an wunwise investment of funds.
And of course you can't leave out the fact that everyone just wwants to make money the easiest way possible.
From now on I will not personally take the time to answer your posts my friend. The documentable proof speaks for itself and that's what your stuck with.
In deference to your assertions, I set up a "Goldbridge Capital" message board, where all may post about the entities and companies started, organized, failed, litigated, individuals, whatever associated with the bunch on Blalock Road in Houston.
The discussion here last few days that is not related to AETE may be deleted shortly.
I encourage those of you here to discuss Goldbridge, but not specifically AETE, copy and paste your work by looking here in your personal deleted message queue:
http://investorshub.advfn.com/boards/MyRemovedPosts.asp
paste it if you wish as a new message on this message board: #board-12642
http://investorshub.advfn.com/boards/board.asp?board_id=12642
I'm sure this discussion would be of great benefit to many people on iHub performing due diligence on the companies associated with the Blalock Road stock operators.
Additionally, you will note that I named 4 assistant moderators on this thread. Those so named may remain as an assistant if you wish. Or decline. It is up to you. Click here:
http://investorshub.advfn.com/boards/chair_board.asp?board_id=12642
To resign, click: "Resign as Assistant" in blue at the top.
All these assistant were named so that all can have access to moderator priviliges as this thread is started. THis is a no obligation matter. You may opt out at any time.
Best wishes to all.
I think should be clear and specially that those two have never has any involvement whatsoever with AETE or any ongoing association with the other individuals mentioned.
Because you speak of current terms and things changed in December, 2006. Some people left when they found out what was going on. Some of the people you mention had and have no knowledge of AETE and the cast involved in that company and related ones. Also you throw a bunch of companies and people together that is incorrect, You mixing and matching and that is misleading. What is happening now and some of the characters are different. Just don't assume things and throw out names without being sure what is happening now, don't throw things from the past because because they are not revel ant to what is happening currently. You cannot make judgments and assumptions on limited information that is incorrect.
Wrong again, about the share sales, you have incorrect info.
Regardless of the fact that they are no longer involved with GFET, the facts still remain that they were previously involved and on information and belief, sold lots of shares to innocent unsuspecting investors. Therein lies your big problem ...Im sorry their problem.
Your sources are outdated and incorrect, you can hurt people with copying and pasting old information from the Internet when you don't have all your facts straight.
You cannot throw names out there when your information is wrong. Copying names from a web site without further research is careless.
Those Web sites are out of date, Schiller and Mizrahi resigned and have had no association with GFET since January 2007
Yes, I can, but I won't, he lives in California, not associated to any of the companies you mentioned resigned in January, 2006. In fact he is unemployed and aback in school. Oren lives in Houston but sell Diamonds.
Hawk, I would suggest that you work off of the premis of why mess up a perfectly good criminal activity by allowing some details to be exposed.
I think I'd be very careful just how indignant you decide you want to be on any of these issues. The details are out there to be known although typically individuals such as yoruself have a tendancy to do a lot of name calling and try to intimidate people into not posting what is factual and true.
I would also suggest that if you actually know as much as you would want us to beleive then there is a real reason for the SEC and a couple of other agencies to want to talk to you as well. Boy, you need to amke all that wealth of information useful instead of blowing off steam here.
Hawk, You had better understand that more is known about that whole group than any one of them would want out on the street. Names, adddresses, telephone numbes, who they sleep with, who does their laundry.
Right now, as I type this, the whole thing is just about to come down around all these peopels ears who have been scamming not only legitimate business people but the general investing public at large.
Given you temperment on the subject, I would suggest that you may very well be either one of them or at a minimum one of the email scam artists that heve been supporting them for a long while. Either way, this is no longer the game that they want it to be and there are some very serious liabilities involved for the whole crew.
Some time later inthe day there will be another post here that lays out a bit more information on whose doing what to whome. If your interested, stick around, we work from documented sources not the fluff that snipes such as yourself try to bluff their way through on.
"Your post is misleading and wrong, you have included people that have never worked for those companies, don't own shares in them and have never worked at the Blalock office. It's a pity that you post that misleading garbage. I would verify your facts before posting."
Are we referring to:
Mark Schiller
http://www.zoominfo.com/Search/PersonDetail.aspx?PersonID=1066091170
OR
Oren Mizrahi
http://www.hotstocked.com/companies/g/gulf-ethanol-GFET-officers-53459.html
HAWK ... A little touchy aren't we. Does it matter where Mark Schiller resides or is it more important what companies he is or was affiliated with? You sound knowledgeable about Schiller and Mizrahi. Can you provide us with their current addresses?
Your post is misleading and wrong, you have included people that have never worked for those companies, don't own shares in them and have never worked at the Blalock office. It's a pity that you post that misleading garbage. I would verify your facts before posting.
Some of your information is wrong, Schiller has not resided in Houston for the past year and a half( Jan 2007) and Mizrahi resigned in Dec.2006, he has no involvement with any company either. Get your facts straight before you post.
It is my understanding that there are two separate accounting groups and an investigator involved that are doing a complete audit back into the origin of MXPR the company that became AETE.
It is also my understanding that stock cdertificates have been found in MXPR that confer stock to an individual by the name of Bruce Pollock or his niminees. As a point of information Pollock was a co-defendant with another indicidual named Harris Dempsey "Butch" Ballow whp is currently a Fugitive from the FBI in South America somewhere. Ballow (generally pronounced "Baleu" like the bear in Jungle Book)was indicted, tried and convicted of stock manipulation, wire fraud,money laundering, ect. in a Federal District Court in Houston. He was allowed out on bail and while awiting trial engaqged in the same activities that got him indicted and just before his sentencing took off for parts unknown.
It would be a pretty good bet that this kind of information ties Gilchrist, Carmicheal and the rest of the group to a much wider number of stock fraud artists on the basis of conducting ongoing criminal activities.
As I am not a premium member, I had no way to contact ... happy for the delete ... we all make mistakes. Thanks again
tippingpnt, is there an accurate outstanding share count available anywhere?
Looks like a fascinating tale is developing around AETE, consequently ALL relevant info is welcome on this board.
Robinhood2, glad to have new posters here BUT if the posts are duplicates or off topic, they'll be expunged.
Because I don't like the crooks in wallstreet.
http://forum.prisonplanet.com/index.php?topic=31108.msg127362#msg127362
Since this is your second post on iHub and I forgot to welcome you after the first one, welcome to iHub.
Why did you choose this stock as your first one to post about?
Rumor has it that these boys are headed to Costa Rica! Don't they have extradition favorable to the US authorities? ... YES!
Be seeing you’ll soon boys!
Thanks, zekel.
fyi - that would be me: elmoscuba = zekel. I have posted extensively on Yahoo Finance forums - mostly with GFET, TMDI, OXFD as they relate to AETE.
tippingpnt, do you have a link for elmoscuba?
From your post:
Just go back and read the posts here by elmoscuba and make your own determination on that subject.
Apparently, there is a list of promoters who got these shares, too, who were pretty active in pumping the stock.
I wonder if any of them post on iHub?
Found this over on another message board
Gilchrist and Carmichael hijacked 6 million shares of stock 14-May-08 08:46 pm
in an illegal 504 Reg D transaction. It was really slick and they almost got away with it and might have if they hadn't gotten greedy. The fact is that Gilchrist tried to pull this off by switching positions in the companies, MXPR - AETE at a time when he thought he could get away with it and using Carmichael as the only constant corporate officer at that time as Corporate Secretary, Carmichael signed the corporate resolutions so it would go through.
All of these shares were distributed among the generally known companies associated with Gilchrist and Carmichael so they could move them into the market more easily from multiple trading accounts.
They then sent these documents to the then transfer agent with a falsified Attorney's Opinion created in Gilchrist's office on Blalock Rd. by an attorney he keeps there for this purpose. What is amazing is that he based this on allegedly having paid out $15,000 to another crook Peter Lloyd for Investor Relations newsletter traffic which had already begun in February by Gilchrist's own admission. There was a real problem here because Gilchrist never paid the funds into the company but held the checks and they weren't deposited until March which was well after the illegal 504 Reg D and the issuance of the stock.
Gilchrist also went out into his normal world of the pump and dump and made deals with groups to do the normally accepted pump and dump email scam, some of which have been reported on this message board. What is truly interesting is that all of this was done according to a proven blueprint based on the previous activities of Darrel Uselton and his crew.
Their real problem at this point is that obviously they didn't pay very close attention to the last paragraph in the recent press release - all of this has been turned over the proper authorities for investigation.
6 million shares of counterfeit illegally issued stock is a lot for the market to absorb. Anyone out there buying should pay particular attention to this little fact. Some of the email spam operators were also paid in stock by Gilchrist of Carmichael or both and they have probably already pushed these shares out into the market. Some of these operations were compensated as much as 50,000 shares each for their services. And in each instance they are groups that have been identified with this kind of activity previously.
Kind of brings an entirely new meaning to Caveat Emptor doesn't it.
The AETE position is going to be precarious for some time based on just how much comes out as to the activities that have been disclosed in the recent press release.
My guess would be that a lot of information is going to be made public about the pump and dump activities of Gilchrist, Carmichael and a lot of their crowd. There has to be a lot taking place behind the scenes right now if Gilchrist et al have been canned. Generally these crooks don't take lightly to being exposed on their illegal activities so they will by necessity have to do anything they believe necessary to move the stock they have already put in play.
All of the players from Gulf Ethanol have a history of flagrant illegal activities in the companies that they set up for the stock play. Just go back and read the posts here by elmoscuba and make your own determination on that subject.
The real problem here is that if any of you think your going to out guess what they are doing in their pump and dump scheme to play the stock on the short side you will probably get burned as well so just be forewarned. If you think you can out play the players then be my guest.
What ever the management of the company is trying to do to clean up the company may not come to anything because the SEC typically is a day late and a dollar short (pardon the pun).
Remain curious.
O alright, I hear ya. Yeah I have never gotten into the whole shorting thing yet. Was just curious what brought you back to this board, I like to check in every now and then since I got stuck with some nice AETE parting gifts, lol.
I don't think there is ANY good entry point on this stock. It was and is a great short. I wish I could short pink sheet stocks.
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