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Ditto Otter,
almost the same amount of time.
I'm surpised Mick! Any DD would have been screaming at you
stay away. This guy Lee is another theif.
Just read some of the old posts, That is if Cap didn't
delete all of the true posts by myself & others.
He has had one shady deal after another. Companies that
didn't exist or companies that after announced they faded away because of him & his cohort bleeding them dry.
Then still listing associates because of their reputation
that are no longer with it. Or were they ever?
I can go on & on, as I'm sure other can.
He reversed split this company and started another
with the proceeds which was not public, nor did shareholders
ever get any of the other company.
headedup can give you more as others! Everyone... give Mick
an idea of what Lee is all about!
Not sure anymore. Ive been here since 2001 and through 3 RSs. Averaged down a couple of times but not anymore. Looks like Lee is out of the woodwork again, the dumping should start by fall. With only 12mm OS and even less in the float any investor should wonder if any sort of volume shows up here.
oh thank you very much. you do TA and dd well.
Last time I talked w/Lee he was working the bridge-loan/restricted shares angle...That was two months ago...
I'll have'ta call this coming week for update...
wow! message cap. bridge loans easy to work with.
i'll see if i can expand on this item.
do you have a link or links?
ya can pm me on this.
Mick could be they're out shopping for a bridge-loan to cover costs of financials...in which case locking-up the Santa Barbara acquisition now makes sense...
I wouldn't be surprized the auditor has financials ready to go...and only waiting for payment...
wow,,,lots to bring updating financials.
$3500 to get on pinks listings.
hmmm any reason why? i'm new here.
Mick...
you didn't buy this POS did you?
IF NOT..DON'T
I'm sure everyone will recover nicely. After all, California's economy is booming. Especially multi million dollar homes. LOL Gotta give Terri Hourigan credit, she dumped the property before the Jackson family can open the Neverland Shrine, causing the locals to run like Hell!!!Bosque Del Mar here I come, can I qualify with CA's IOU's???????ROTFLMAO
Otter was that $4 PRE 1:50 RS (6/06)?!?...
Yowzah! LOL
Welcome back Mick...Nice filing today to lock-up the Santa Barbara residential project...
They need to file '08 Q3...audited annual 2008...& '09 Q1 financials to get re-listed on OTCBB...They'll then have access to the $10M Equity line of credit with Dutchess Private Equity Fund...
These guys work slow as they're short of cash...and probably need $100K-$125K for the completed three financials...
cap,,,believe or not i have this marked.
hi capstar,,,i'll mark forum. first time here for me.
averaging down might make sense
And all of us longs here only need a SP of about $200 to break even. LOL.
EMPY Share Structure -
7/10/09 -
1B Authorized
12M Outstanding
9.5M Restricted
2.5M Float
Pacific Stock Transfer Co - (702) 361-3033
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
Reading an IT article today reminded me of when I first bought in here. That was a couple of name changes and RSs ago and Empyrean was going to own much of the worlds fibre optic backbones (or so they said). With the internet on the verge of failing in the next couple of years (MJs death nearly took it down last week, and many analysts peg 2012 as the year that the internet will become 'full' as data size and transmission has by far outgrown most network's abilities), it looks like the time may have come for that idea. Too bad we're not in that line of work anymore.
LOL Otter :)
i think i will go according to hoyle. cards will tell a story here.
Mick, I think you should surf right on by this one.
Got screwed here & not even a kiss. Just read my posts
and others. They had fictitious contractors (not even licensed) just for starters & I could go on & on.
Another person here likes to pump this thing & it has
nothing! Nothing to at all. He also has reversed here
to try & start another entity that bag holders here wouldn't
realize anything from it. That's fraud!!!!!!!
Do what you wish bud, I just don't want to see you get conned like we did. Been holding this pig since 2005. Many of us have
already seen the crap from this so called CEO.
If you buy...GL.
Remember... don't take my word for it... not hard to find DD. I just post facts bud. I still have shares in this pig as I stated b4, so it doesn't do me any good either way.
This will probably get deleted so I hope your watching your IHUB mail.
Q
opps, just surfing tonight.
o.k., messenger below seems to know something here or does he?
Look Mick...all you have to do is go back and read some of these posts from just a few months ago. If you really feel like reading, go back a few years. These guys still owe their employees from 2008 over $200,000.00. Thats right...over $200,000.00 and they don't give a crap. This will get very ugly before it's done and you don't want any part of it.
Pinksheets...
now that doen't sound good. hmmm,
Mick, take it from somebody who's been here & seen it first hand. You don't want any of this.....not unless you can see it move. You don't have to take my word for it, just do some DD. This guy is a thief& will R/S you in a heartbeat.
so are they grey sheeter?
They need to get Financials squared away and filed w/SEC to re-qualify for OTCBB listing...
They'll then have access to $10M in Dutchess funds to move on their BizPlan (see "residential project" on Co website)...plus a variety of potential BizPlans...
what would you like for it to read?
are you a holder here?
check pm.
gotcha marked here.
Nice tight SS Mick...always moved well on News...
so another one fa us to watch? not bad reading here either.
best of da three for leverage buying, imo.
pm if something breaks lose.
Not yet Mick...They need to file an amended 2008 Q3...their 10K and 2009 Q1...then they'll have access to $10M credit line with Dutchess...
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6070782
is this rtg.? , cap? $0.0001 to 2,000?
Finally we have someone who's 'licensed'! LOL.
8K - COO & two BoD's appointed...
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6365098
EMPY Has filed their "reviewed" Q2 Financials...
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6187468
Now all they need is file their "reviewed" Q3 Financials for reinstatement on OTCBB...which will gain EMPY 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
8-K - $10M Dutchess Equity Line of Credit - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6025591
Might not be any movement until "reviewed" Q3...along with the 10K (due 3/31) are filed...
q, I didn't see that one...
the one I copy/pasted is the only one I was referring to.
Sorry about the mixup...it certainly wasn't intentional.
No my other post that was specific to EMPY was deleted
because of it being OT.
headeup123
I think some of it has to do with the reasoning why a person invested and how wide open their eyes were. Personally I dont remember exactly why I invested here. My usual strategies are simply to make money and, if you can believe it, usually involve little to no DD. Im not quite a chart trader but Im not a prudent investor either. Somewhere in the middle I guess.
Ive been through a few scams in my time and while its disappointing with the losses in the end it was my own decision to buy and AND stay in.
While I dont condone any type of scam be it market or otherwise I really have little faith in the SEC to do much and the reality to that end is that even if Lee goes to jail its still not going to recover anything for me so its hardly worth the effort. There is also the risk at getting your name out there by being involved in an investigation and thats also something Im not willing to do.
How do I sleep at night then? Well Ive heard far too many scam artists fall back on their trade and call it 'The American Dream'. Until that type of mentality changes I have no trouble with my own decisions. I simply try to stay out of the way.
Here's your complete post...
Posted by: qqbmed Date: Thursday, February 12, 2009 11:46:36 AM
In reply to: JaggT who wrote msg# 16953 Post # of 16955 [Send a link via email]
SEC has an interest in this scam. Contact headedup123.
That user has ALL info...contact ASAP.
Q
=================================================================
No mention of EMPY.
That post to OTTER clearly stated "EMPY"
and go to the EMPY BOARD!!!!!!!
I think they better learn how to read!
I guesss you can't read either!
Losing one dollar to that SCAM Artist Lee is unnacceptable!
Fry LEE! In the meantime BUBBA gonna get to know YOU!
Head...
The reason you're getting PMs from GSRE stockholders is that your alias was posted on the GSRE board this morning as a contact for info re; GSRE being a possible scam.
===================================================================
Posted by: qqbmed Date: Thursday, February 12, 2009 11:46:36 AM
SEC has an interest in this scam. Contact headedup123.
That user has ALL info...contact ASAP.
===================================================================
Sorry about the misunderstanding.
GLTY
Slo
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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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