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One of the craziest things I've seen in 20+ years on the OTC. Just when it looked like investors were totally screwed, Perkins worked his magic and they have now been given a reprieve. I mean, this was .25 cents 2 weeks ago....and....it is $25.00 today, all with a 50:1 reverse split still on the way.
I got to give Perkins credit, he's pulled off 3 of the most improbable stock runs, all without any kind of BS stock promotion or public hype, how he does it I have no frickin' clue.
The mm must be short no other explanation unless the reverse went through ...
What?? Who would be buying at these prices with a 50:1 reverse split coming.....that makes absolutely no sense, wow what a strange trading ticker.
I don't think it has r/s yet
no...the prices has steadily ballooned on ultra low volume and it is surprising there has not been a dump. In fact there has been no r/s since this was in the pennies a year or so ago...unbelievable. Hoping somethin similar happens to its sister shell ATIN
Did the reverse split already process through FINRA?? I'd assume so given the current pps, however, I generally check the DL a few times a day and don't recall seeing it, it's possible I could have missed it though.
looking green to me...seems folks simply missed the boat...
The company filed a complaint with the SEC. In the near future, trade in shares will be suspended. Be careful.
Well, I don't think it's a big surprise, I'd be bailing out too, knowing a 50:1 reverse split is on the way. I personally think the shareholders got a raw deal here, Perkins holds almost 90% of the o/s, he could have done a small r/s and/or retired some shares or something.....especially given the fact that many paid multiple dollars for this....instead they got bent and shafted without the courtesy of lubrication.
I don't own this, never have, but I don't like what happened here, especially when private Americatown shareholders were well taken care of in the deal.
ATMO (aka GREI) Stock Dump
Looks like 32,000+ shares got dumped and the price hit a new low of $.25 per share.
Reminds me of the old saying.... "Buy on the Hype, Sell on the News".
Americatowne cut their 3rd Quarterly Loss within the last year (3Q2016, 1Q2017, 2Q2017) and forensics on the numbers still indicates the only entities/individual(s) making money off this is Alton Perkins via his Private Entities (Yiliame and/or Perkins-Hsu). Losses would be higher if Yiliame was not front-loading Americatowne and then inflating the balance sheet only to be siphoned off bit by bit in the form of General Administrative Expenses. This time around though take a look at how 1Q2017 and 2Q2017 don't add up to what he reported as the first 6 months of 2017. If you do, you see the expenses are actually higher. Remove the Account Receivables from Yiliame and a truer picture becomes clear. Follow the money... and yet we see a new hype of creating a so called HQ in the Raleigh area with L.F.T.E. They have an $11 Million Fixed Capital Investment that must be made to that Ghost City Mfg Center in China due before December and now they are thinking of building a new piece of real estate. Well, Raleigh is full of empty office buildings (due to the Tech Bubble pop, housing disaster in 2008, and several large businesses scaling down), the last thing the area needs is a new office building. L.F.T.E also owns a number of buildings in the Morrisville area of which the Restaurant Americatowne treated their Shareholders/Exporters to as well as that company is an actual Chinese Importer/Exporter that has close ties to one of Alton's Executives and you'd think if Americatowne was getting into doing Chinese Export/Imports L.F.T.E. would be a serious client in these regards as they do Millions of dollars already with several Chinese Entities. Public Bill of Laden Records back this up. L.F.T.E. thru them a bone about 18 months ago and signed up for one of the Exporter Contracts, but no items have ever gone thru them and sold to the chinese.
Americatowne Posts Quarterly Loss for 2Q2017
Check it out:
https://www.bamsec.com/filing/165917317000402?cik=1606699
Merger with AmericaTowne Inc and share restructuring.
http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=26404
Effect on capital stock, page 5. One for one exchange after all is said and done.
https://www.sec.gov/Archives/edgar/data/1606699/000165917317000297/at8k_20170714.htm
Effective June 13,2017 Global Recycle Energy Inc., GREI, will change to ATI Modular Technology Corp., ATMO:
http://otce.finra.org/DLSymbolNameChanges
Street view of GREI Address.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=rfEy1lRj%252fA3gXPUtnD%252fMoA%253d%253d
228 Seahawk Street
Las Vegas, NV 89145
https://www.google.com/maps/@36.1710223,-115.2725495,3a,75y,275.96h,90t/data=!3m6!1e1!3m4!1sERhay32ESuD3e7wBADvZ_g!2e0!7i13312!8i6656!6m1!1e1
Pretty fancy place wouldn't you think???
ATI Modular (aka GREI) is currently part of a number of closely interlocked businesses controlled by one person Alton Perkins. The 8 employees mentioned are all pretty much executives in these entities with Alton being the CEO,CFO, etc in all of them.
There are a couple private entities, mainly Yiliame. Pay close attention to how money is moving between these private entities and the public ones. The key company though is AmericaTowne which has a bunch of shareholders who have created shell companies mainly in North Carolina which are providing the core revenue in the form of Exporter Agreements, then this money is being moved around and essentially moving out to the private entities controlled by Alton. Some of the executives were also either directly involved or were duped into a High Yield ForEx Ponzi Scheme in North Carolina. Its unclear if they were actually cleared or were not prosecuted due to lack of evidence but it was pretty clear the deals were very shady.
Alton has some questionable prior activity. Just google him and some should come up. Pay close attention to a lawsuit filed by Intagio Trading Network and his prior group of companies under BlackStocks Development via the SEC. Once he was sued, he shut these companies down and left the investors "holding the bag". He was sued by Intagio and an Active Judgement still exists against him and his ex wife for defrauding several Barter Business Participants. The SEC filed actions against Alton for a number of of his entities for failure to file and then Revoked the Stock(s).
Case File of Intagio vs Alton Perkins
https://www.plainsite.org/dockets/wr29rair/superior-court-of-california-county-of-san-francisco/intagio-trading-network-inc-a-delaware-corp-v-blackstocks-investments-inc-a-virginia-corp-et-al/
From-8-employees-down-to-1-employee.Concerning items from the most recent 10-K.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11967110
Our other administrative expenses for the year will consist primarily of transfer agent fees, bank and interest charges and general office expenses. The professional fees are related to our regulatory filings throughout the year and include legal, accounting and auditing fees. The equipment purchases and plant set-up are related to the materially definitive agreement with Jiangnan.
Based on our planned expenditures, we will require approximately $5,000,000 to proceed with our business plan over the next twelve months. If we secure less than the full amount of financing that we require, we will not be able to carry out our complete business plan and we will be forced to proceed with a scaled back business plan based on our available financial resources.
We intend to raise the balance of our cash requirements for the next twelve months pursuant to our agreement with Jiangnan by accessing upon request bank loans, bank guarantees and equity funding. Additionally, we may have private placements, shareholder loans or possibly a registered public offering (either self-underwritten or through a broker-dealer). If we are unsuccessful in raising enough money through such efforts, we may review other financing possibilities such as bank loans. At this time, other than our agreement with Jiangnan we do not have a commitment from any third-party to provide us with financing. There is no assurance that any financing will be available to us or if available, on terms that will be acceptable to us.
Even though we plan to raise capital through equity or debt financing, we believe that the latter may not be a viable alternative for funding our operations, as we do not have sufficient tangible assets to secure any such financing. We anticipate that any additional funding will be in the form of equity financing from the sale of our common stock. At the close of 2016, we are considering financing arrangements for our common stock. However, the arrangements are not final and we cannot provide any assurance that we will be able to raise sufficient funds from the sale of our common stock to finance our operations. In the absence of such financing, we may be forced to abandon our business plan.
On December 31, 2016, management conducted an evaluation of the effectiveness of our internal control over financial reporting and found it to be not effective subsequent to filing our Annual Report on Form 10-K for the year ended December 31, 2016 with the Commission. Management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Management has concluded that the Company’s internal controls over financial reporting are not effective. The material weaknesses identified relate to the lack of proper segregation of duties and the lack of sufficient qualified accounting and other finance personnel with an appropriate level of U.S. GAAP knowledge and experience. As we obtain additional funding and employ additional personnel, we will implement programs recommended by the Treadway Commission to remediate the material weaknesses.
Item 2. Description of Property.
The Company maintains an office at 4700 Homewood Court, Suite 100 in Raleigh, North Carolina, 27609 as its headquarters. It is currently in the process of scouting and researching locations for a facility in China. The North Carolina office is leased from Yilaime Corporation, a Nevada corporation doing business in North Carolina, and a related party to the Company. The North Carolina office consists of a 1000 square foot office space. It presently houses all eight employees of the Company and is being leased for $2,500 per month from Yilaime. The China location, once established, will serve as a manufacturing location. (Between Feb 13, 2017 to Apr 14 2017, the employee amount has changed from 8 employees to 1 employee.)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11873632
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11996256
Securities Authorized for Issuance Under Equity Compensation Plans
The Company agreed to issue Mr. Perkins, or his authorized designee, an option to purchase up to 5,000,000 shares of common stock of the Company per year at any time prior to the conclusion of the first year of the Employment Agreement, i.e. prior to 365 days after execution of the Employment Agreement, at a price of 1.5% per share of the closing price of the Company’s stock quoted on a major exchange or OTC Market one business day before purchase, and annually thereafter for a total of 5 consecutive years. The shares purchased under this option are subject to all rights and lock-up restrictions set forth in the Employment Agreement.
A/S increased to 500M per NVSOS Filing
Still climbing....was a penny at 52 week low
WTF is going on with this stock...now at 4 bucks on Ask.. almost 3 on bid
Still moving up...
GREI is on the move...had residual shares just sitting in account for years....never added when it was dead...now its back to life. Have no idea why...Other than folks are buying shares..
Something is up with CSCE.
GREI
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123066261
You got shares of this?
$GREI Current S/S Email Response. 10-Q filed yesterday
3 qtr 10-Q
http://www.otcmarkets.com/financialReportViewer?symbol=GREI&id=147175
1208 14th Street Suite 500 Lubbock, TX 79401 United States
http://www.globalrecycleenergy.com/
j.arcaro@globalrecycleenergy.com
Its hard to not consider this. OS and float are tiny. What has this Joseph Arcaro guy done in the past? Any stocks that went .50 1.00 after their split?
Watch out: Authorized Shares 250,000,000,000 a/o Jun 30, 2015
Outstanding Shares 16,575,716 a/o Jun 30, 2015
Hi room Anyone know of symbol (RNNM) RON MOTOR CO. EXOTIC SCORPION HYBRID! Breaks 200 m.p.h. barrier! making noise in the automotive industry! Just by the sound of (RNNM) makes noise in itself! Sounds like one 2 listen 4 on the automotive road!
April 15, 2008 - 7:09 PM EDT
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GREI 0.28 0.03
Today 5d 1m 3m 1y 5y 10y
Global Recycle Energy Enters Cotton Recycling Market: Changes Trading Symbol to GREI
GLOBAL RECYCLE ENERGY, INC. (FORMERLY CHARTER EQUITIES), (Pink Sheets:GREI), a Texas-based recycling company, today announced that it has redirected its business to focus on the cotton recycling market. Located in Lubbock, Texas, the Company’s primary focus is now the accumulation of cotton waste products from cotton growers which it further refines and separates to recapture unusable fibers, and then distributes those fibers for sale and use in China. Those fibers are used in combination with local products and produce a very durable, denim-like weave which is then sold to textile mills in need of the stiffer, more resilient fibers.
To align with this new corporate direction, the Company changed its name from Charter Equities to Global Recycle Energy, Inc. In addition, a restructuring of the corporate presence has been effected and new investment has been secured. The trading symbol was changed; effective April 15, 2008, to “GREI” and a 1-for-50 reverse implemented on that date. The Company also moved its state of incorporation from Arizona to Nevada.
Keven Yang has accepted the position as Global Recycle Energy’s President and Chairman, while O. C. Carrasco and Lin Yu have joined the Company’s Board of Directors. The Company is now headquartered in Lubbock, Texas with offices located at 1208 14th Street, Suite 500, Lubbock, Texas 79401.
Further information will follow shortly as the Company completes its business realignment.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects," "projects," "plans," "feels," "anticipates" and certain of the other foregoing statements may be deemed "forward-looking statements." Although Global believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the recycling and textiles industries, such as bad crop results for a season, poor collection and distribution of the cotton motes, under-performing milling and reprocessing by Global, and a lack of customers for the refined product to due decreased needs for the textile products that would result from these fibers, leading to a material decline in revenues which could cause the Company to delay or suspend planned recycling operations or reduce production levels; and risks relating to the availability of capital to fund expansion operations that can be adversely affected by adverse market demands or crop production levels, and declines in cotton fiber and textile prices and other risk factors.
Global Recycle Energy, Inc.
Keven Yang, President, 806-687-6664
Source: Business Wire (April 15, 2008 - 7:09 PM EDT)
News by QuoteMedia
thx, thats a new lesson learned, bookmarked that page
You betcha...sorry for surprise.
This site updates the lists daily for Symbol & RS changes..its a good page to check @ around update time @ 1:40 & about 1/2 before close. Can save one bottom....by selling before its too late.
Came out on todays "Daily List" on the OTC site.
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/14/2008&mkt_ctg=NON-OTCBB
where did u get that news, i couldnt find it in pinksheets.com or yahoo
2nd RS & symbol change in less than a year. Guess one knows what their business plan is.
RS is 1:50. New ticker is GREI
does this co. exist anymore, if u go to charterequitiesgroup.com, it takes u to yyz small business inc, no mention of charter equities, whatsoever, good lord, the damn thing seemed to hav sank without a trace
market is down, ceqi up 33%, whats happening
We had a small buy and then some selling into the bid price.
Is today a capitulation day on CEQI?
thx, touchwood and lets hope it stays green for everyones sake, still long way to go for me to break even
LOL. You have the Midas touch as the new Mod. First green day here in a long time. GL.
up 60%, whats up, bloomfield has stopped pumping this
Press Release Source: Charter Equities, Inc.
Charter Equities Steps Up for California Fire Relief
Tuesday October 30, 1:43 pm ET
Saddleback Subsidiary Offers Help and Special Programs
GILBERT, Ariz.--(BUSINESS WIRE)--Charter Equities, Inc. (Pink Sheets:CEQI - News) announced today that Saddleback Recreational Vehicles, Inc., a Charter subsidiary located in Colton, California, the heart of the recent San Bernadino fire range, set up a Disaster Relief Donation Center in their parking lot at their location. All non-perishable items and toiletries can be dropped off for Saddleback RV to distribute to the victims left homeless by fire. “We are located in the heart of this disaster and wanted to do something to help. Right now, we feel helpless and this is our way of doing something to make a difference in this devastating tragedy,” says Mike Sebastian, President of Saddleback RV. In addition to accepting donations and distributing the collected items to the homeless victims, Saddleback RV will be donating water and toilet paper to the victims too.
ADVERTISEMENT
Saddleback RV has employees and family members of employees in the afflicted areas. “This is truly an act of compassion. We have to do something to help. When disaster hits, it is a time for everyone to pitch in,” stated Mike.
In a television advertising campaign to begin Wednesday, October 31, 2007, Saddleback will begin offering special incentives and terms on their RV’s for Displaced Homeowners to assist them in their immediate housing needs.
For those wishing to contribute any non-perishable items and toiletries go directly to the designated drop-off center located in Saddleback RV’s parking lot at 755 Ashley Way, in Colton. Saddleback RV is located right off the I-215 and I-10 Freeways. For more information, log on to their website @ www.saddlebackrv.com for directions and information.
In addition to Saddleback and the RV acquisition plan, Charter currently invests in, owns and manages real estate in the Phoenix market through its other subsidiaries, Charter Investment Properties, Inc. and Charter Media and Marketing, Inc. www.charterequitiesgroup.com
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.
We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
Contact:
Charter Equities, Gilbert
Mat Curtner, 480-570-4913
--------------------------------------------------------------------------------
Sure seems like it. Glad you mentioned it! Thanks again :)
It's a great board. Anyone can learn a lot there.
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