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What happened to our moderator????????
So much for that financing being in place Cap!
This is the same dog it always has been.
As far as Lee goes..Leopards don't change their
spots either.
That 250 shares 'breakout' is looking pretty good about now! Where'd ya go Lee?
thank you lots.
I honestly have no clue what has been going on with it.
i see this for share count. maybe someone can give a tooter on it.
SHARE STRUCTURE (7/10/09) ~~
* 1B Authorized
* 12M Outstanding
* 9.5M Restricted
* 2.5M Float
* per Pacific Stock Transfer Co. 702-361-3033
any recent updates for us?
Empyrean Holdings, Inc. (EMPY)
Well this is the 1st I have been on in probably a month but I have been really busy. But yes, I am still around. Just not as much...
Looks like an MM might be starting to test the waters. 5-1000 share trades and 1-5000, up 100%.
Not going to be judge-jury over Mgmt's motives/intentions Otter...'jus here to make $$$...
The stock has run well in the past...and expect similar behavior...
Bot back in after last run...waiting a couple yrs for the Santa Barbara project...With the last 8K...it's starting to show some life...
Time will be the Teller...
GL
Sorry to chirp in here but I have to disagrre on that. Lee has made purchases like that before, they turned out to be either phantom purchases that fell through, or properties for his own personal use/gain.
Just be careful going forward here Capstar/Mick, its even going to be very hard to flip with only 2.5mm in the float, and if Lee starts P&Ding again it will be near impossible until its too late.
PS - Remember how he was going to capitalize on the Katrina rebuild? Why would a flat realestate market prove any different.
Well it looks like Lee got a few more to bite!
Hey I don't care if my shares go up, I won't be
even unless it's gets to 1.22. LOL
But I'll be damned if Lee gets any more from me!
No one is foolin anyone but the fools here Q!!! I did my DD through the Nevada Secretary of States office. All these companies can be found, including UCG,MRG,IMR AND HERITAGE...they all come back to Chmielewski. The spelling is off by a few letters so it takes some tenacity. They can also be found researching records for Laughlin, Burnett and a Parsons Law firm. Public records search...not brain surgery. Too bad Melchiori doesn't step forward. Maybe he could shed some light and connect a few more dots...
No that's scary! Leaving lee to manage things, just might as well cash in your chips now! My shares went from worthless
to utterly worthless.
Oh now there's a thought to make folks squirm...EMPY managing their own project. Hurry people, my bridge is now reduced to 20mil...
Apples 'n Oranges...
UCG was going to partner with the owners to develop the property...
Today EMPY is buying the property and manage the development themselves...
Pink Sheets showing it now b4 they were red x's. Still remain skeptical. Just like the Bill Melchiorre deal & everything that followed!
Is it just me or does anyone else find it odd that in 5/03 a deal is made for 3.4 mil to build a project with UCG named Heritage Oaks...project goes nowhere...so then in 2009 you claim to purchase the SAME property for 5.8 mil and put it on the project page as Bosque Del Mar????? And then call it a reduced price bargain???? You want DD??? Has Lee been doing his DD in Santa Barbara???? He needs to check out the statistics for foreclosures and short sales in the area. Just another project that will never go anywhere. If things are so bright with EMPY, pay the auditors and get the filings done. This is just another pump and dump scam. BTW I have a bridge for sale. Was listed for 10mil, but I will part with it for 15.
PinkSheets.com shows purchase agreement...
http://www.pinksheets.com/quote/filings.jsp?symbol=empy (click "filings")
SEC.com shows purchase agreement -
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6414943
o.k., i appreciate when you get it in. thanx.
Exactly my point headedup. Couldn't remember the '03 date.
So Mick...that's what I was trying to tell you! It's isn't
just from last years PR...WWWAAAYYY prior to any real estate
bust! He just took everyone for a ride to nowhere!
So when I said old news. I meant old because of it being prior
to 2007.
Financing is in place for the Santa Barbara project...To access the $10M Dutchess funding...Co needs to bring SEC filings up-to-date...get re-listed on OTCBB...and file their S-1...
Cap, let's not forget this same purchase agreement was in place several years ago (5/03) using United Construction. Back then the price was $3,400,000. What happened to that deal? Since when is 5.8 mil a bargain when you were supposed to have a deal for 3.4??? If it walks like a duck...
do they have the money for these filings?
Common sense has never been a part of EMPY,
so don't go there! He(Lee) has never completed
anything he said he was going to do. Not to mention all of those bogus licenses & construction co.'s
Does not make one too trusting after all of the misleading
statements(and that was being kind)that have been made over the years.
Nope Mick...Co needs to get off PinkSheets.com and back on OTCBB by bringing SEC filings up to date...
Plus Co needs to file an S-1 Registration Statement...
Qqbmed common sense dictates that the Co & Seller wouldn't embark on a $5.8M acquisition/sale without being satisfied financing would be in place
Cap..I just stated in my last post that this was old news.
12/08.....In 8 months we have not seen any volume to dictate
that or any filing to confirm it either!
pink sheets doesn't show the purchase agreement.
SEC.GOV is temp down.
Believe less than half of what you read & 80% of what you
see.
Q
Qqbmed - "Dutchess has committed to purchase up to $10,000,000 of the Company's common stock over the course of 36 months."
http://finance.yahoo.com/news/Empyrean-Holdings-Inc-Secures-iw-13816708.html?x=1
i wonder if Linchuck is still around on ihub?
we know about real estate buster. we have to consider all that is done and what is to be done now and da future imho.
i do understand real estate some. with freddie and fannie going bust by some dicators "real estate is a good buy if ya know true value."
fre fnm
re;
I think you're right Mick...Lee took advantage of the "recession discount" on CA property...
As I recall in talks w/Lee late '08/early '09...the Santa Brabara property had a price tag of $8M or more...
If the original price was $8M...and Lee just locked-it up for $5.8M...that's a 28% discount...That's shares/cash the Co could use else where...
I think you're right Mick...Lee took advantage of the "recession discount" on CA property...
As I recall in talks w/Lee late '08/early '09...the Santa Brabara property had a price tag of $8M or more...
If the original price was $8M...and Lee just locked-it up for $5.8M...that's a 28% discount...That's shares/cash the Co could use else where...
this financing is old news. I really question its validity.
the financing was b4 the real estate crumble, so
i remain very skeptical especially with Lee who
is a BS artist.
hi capstar, great. some have a different view here. i like to challenge that some.
i do my own dd and ta.
thanx for share count update.
check your pm for some updates.
That is the correct Share Structure as of July 10, 2009...per Pacific Stock Transfer Co...
it what i intend to do. i just don't be a para shoot jumper here.
If you have read all the posts, press releases, and researched this group and that isn't enough, then good luck to you.
i have to get more info than that.
Well Mick, if you have read all the information posted, read all the old press releases that NEVER happened (when RE was booming) then this would be a good time for you to just say "NEXT"!!
been in one that r/s , maybe two. some real estate is a tuff business today.
how many malls are in that situation?
you know money is hard to get today.
so in pr must be true for financing.
knock? i never call any company ever a pos.
i just say next!
I'm not knocking anyone here. So don't start that. OK....
I just post facts & Lee has had one shady deal after another! I'm sure others will verify those facts.
Take a look at any of his real estate deals, etc. ..
i was just going to ask this. r/s done here. thanx.
is this share count right?
SHARE STRUCTURE (9/15/08) ~~
* 1B Authorized
* 12M Outstanding
* 9.5M Restricted
* 2.5M Float[is this true?]
* per Pacific Stock Transfer Co. 702-361-3033
maybe they got purchases at low ball price. california , az., nevada are all in down real estate thing from over pricing in 2004/2005 boom to inflated evaluations.
i do like 8-k filings.
excerpt;
Finalized Purchase and Sale Agreement for EMPY's Bosque Del Mar residential project in Santa Barbara...
8K - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6414943
Bosque Del Mar project - http://www.goempyrean.com/residential.html
8K - $10M Dutchess Equity Line of Credit - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6025591
i have requested some items where some are from here.
hi cap, good morning to all. i see what ya mean here. very worth while read to all.
re;
Finalized Purchase and Sale Agreement for EMPY's Bosque Del Mar residential project in Santa Barbara...
8K - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6414943
Bosque Del Mar project - http://www.goempyrean.com/residential.html
EMPY needs to bring their filings up to current SEC standards...which will gain them access to their $10M Dutchess funding...
EMPY Secures $10M Equity Line of Credit with Dutchess Private Equity Fund - http://finance.yahoo.com/news/Empyrean-Holdings-Inc-Secures-iw-13816708.html
8K - $10M Dutchess Equity Line of Credit - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6025591
re;
i see some here don't like it hot!
i'm new here and i learn fast.
i'm not going to knock anyone here or anywhere else. there are some honest person in this small world of ours.
capstar is tops in my book for good dd and TA.
capstar is truthful imho.
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American Asset Development, Inc. (Pink: AADI)
500 N Rainbow Blvd.
Suite 300
Las Vegas, Nevada 89107
(702) 608-4140
Co WebSite - http://www.americanassetdevelopment.com
Investor Relations - ir@americanassetdevelopment.com
AADI has a multi-phase 5-year business plan that will result in a diversified US holding company composed of multiple subsidiaries involved in several high return industries. Management expects that in 3 to 5 years each subsidiary will be eventually be spun-off into its own independent publicly-traded entity to provide a more efficient risk/return model and increased liquidity for each related security.
Recent academic forecasts tell us that the world will see the consumption of food, water & energy double by the year 2030. Current solutions and infrastructures cannot meet those consumption levels and new technologies and processes must be developed to meet the worldwide demand.
Management's goal is to develop patentable technologies and engineer unique business solutions & infrastructures that will allow us to distribute products & services to market sectors worldwide.
On October 21, 2010, the Company entered into an Investment Agreement with Dutchess Opportunity Fund, II, LP. Pursuant to the Investment Agreement the Investor committed to purchase , subject to certain restrictions and conditions, up to $10,000,000 of the Company's common stock, over a period of 36 months from the first trading day following the effectiveness of the registration statement registering the resale shares purchased by the Investor pursuant to the Investment Agreement. Every effort continues to be made to catch up on its delayed 10-Q and 10-K filings to enable the company to regain its OTC Bulletin Board listing and file an S-1 registration statement with the SEC.
CORPORATE UPDATE - October 28, 2010 -
8-K - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7207278
1) Name change to - American Asset Development, Inc.
2) Applied for new Ticker Symbol
3) Re-Upped agreement w/Dutchess Opportunity Fund, II, LP for $10M line-of-credit
4) 61% approved (18,800,000 shares voted)
CORPORATE SUMMARY - November 1, 2010 - http://www.americanassetdevelopment.com/docs/20101101%20AAD%20Corp%20Sum.pdf
FILINGS / FINANCIALS
SEC - http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001076886&owner=exclude&count=40
OTC Markets - http://otcmarkets.com/stock/AADI/financials
SHARE STRUCTURE (5/6/11) ~
* 1B Authorized
* 30.8M Outstanding
* 28.3MM Restricted (5.5M from Float returned to "restricted" status)
* 2.5M Float (reduced from 8M)
* Pacific Stock Transfer Co. 702-361-3033
ENTITY DETAILS - Secretary of State, Nevada -
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=DTa7ualhngSDGbs1iU67qw%253d%253d
COMPANY LINKS ~~
Co WebSite: http://www.americanassetdevelopment.com
SEC Filings: http://www.pinksheets.com/quote/filings.jsp?symbol=aadi
KNOBIAS RADiAR: http://www.knobias.com/individual/public/quote.htm?ticker=aadi
CHART: http://stockcharts.com/def/servlet/SC.web?c=aadi
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