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Up until the day he announced the deal he was responding to me within a couple of hours of my emails. Once the deal was announced and it was not what we all expected he stopped responding to all emails. What is going on behind the scenes I have no idea. Probably not much, if anything. To my knowledge none of the deals you mentioned and he has announced have come to fruition or have been completed. I doubt any will under present circumstances. He did tell me in his last email that he knows it is very difficult to get off the grey sheets. I don't think he is even going to try. As far as I know he is still attempting to sell off parts of the company to return some value to shareholders. I don't know if he has had any success selling any other parts although I believe the Cascade sale is a complete failure and will be surprised if shareholders ever do get those shares.
I, personally, have lost confidence in Parilla completely. I took my loss on the stock on Thursday and have moved on. I did so not only because I don't trust him any longer but also because I am getting worried about the liquidity in the stock from here on in. Volume is drying up and I believe it is going to get harder and harder to sell shares at any price. A hard and expensive lesson was learned here.
"While FRT* was suspended I did email a lot with Parilla. I got 4 emails from him. Since the shares are not suspended anymore I didn't get any more answers to my emails"
Parilla's job was to keep shareholders pumped to dump as many shares as possible on the open when suspension ended
Now that's done and over, shareholders are just candy
Doc Hollywood
While FRTD was suspended I did email a lot with Parilla. I got 4 emails from him. Since the shares are not suspended anymore I didn't get any more answers to my emails. Tried it several times but he is not responding. Don't know why. My emails are written friendly and the questions I'm asking are quite simple, e.g. what about the VaporVites ? The initial 5000 VaporVites should have been delivered in the first week of June and another lot of 10000 VaporVites by mid-June. The two deliveries are worth $1'200'000.00 . What about this ? True or a lie ?
Honestly I don't know what to think about him. Soon after FRTD shares got suspended he said that he immediately delivered the documents the SEC was asking and that the same day the SEC got everything they did ask for. True or a lie ?
He said many things that we can't prove and he didn't prove either. Why is he not talking about the VaporVites anymore ? That was the most important business for the company. The cash cow. What happened ? What ? Where is he ? Why is he silent ?
Many many ????????????
I doubt he even believes that lol
What!!!! Are you kidding ? How is this possible. ( ;
http://www.otcmarkets.com/stock/CSDT/quote
This statement from Parilla says it all.
management believes Cascade will have their past filings back to current status within the next quarter," stated Thomas Parilla.
I don't think that means this is a lock. ( :
Well I certainly don't think Parilla made a good decision choosing this company to do an asset sale with. However with things being where they are he may not have had many other options.
no honor among thieves, Doc?
I have called Cascade a number of times. Can't even leave a message on the vmail box.
That would certainly be welcome to all longs.
News coming nexst week.
Again, you are incorrect. The SEC registration process is a matter of public record. It cannot be done "in a day or two" as you claimed. It is an intense review process that will require a significant amount of time, up to several months or more, in order to satisfy the SEC comments and become effective.
But the point is likely moot, as CSDT seems like a zombie stock and not an actual party to FRTD's claimed "transaction". It looks like just more Parilla BS.
Personally I am beginning to think that Parilla got screwed over by CSDT himself. I think he got assurances that they would begin the process quickly to get their filings in and get current so they could deliver the shares as promised and in a timely manner. Since none of that is happening to our knowledge I think Parilla has a problem on his hands that he has to figure out a way to solve or the remainder of his credibility goes out the window. I have emailed csdt numerous times and, of course, have received no answer to very simple questions.
completely incorrect. we're back around to our discussion of section 5 of the 1933 Act. EVERY sale or issuance has to either be registered or exempt from registration. so let's simplify this - what exemption would Cascade rely on, since they don't have an effective registration statement?
Wrong IMO. As long as there are enough shares in the A/S or even if they simply increase the A/S there should be no reason for your 'several months' scenario.I am out of posts .Bye Bye Have a great weekend,everyone. That includes you!
Getting current in their filings will not be enough to permit them to issue free trading stock. We are right back where this thread started. It requires an effective registration statement with the SEC, which takes months, even assuming they are successful. Not "one or two days" as you claimed in your original posts.
Security laws don't prohibit Cascade from getting current with their filings.Period I have plenty of patience .
So, somehow your specific claim that the shares won't be restricted doesn't mean the shares will or won't be restricted?
Securities laws do not allow CSDT to issue any free-trading shares at this time. Period.
According to my Broker. LOL
Changing the subject again? That post made no claims about whether the shares would be restricted.That's a fact.I have proven you wrong as any reader can see. Now I'm done with this thread for today.BYE BYE
Yes, you did.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103443718
"There is no reason for them to be restricted".
A completely incorrect statement. On the contrary, there is absolutely no possible way they could NOT be restricted, as proven by several knowledgeable posters here.
You are wrong again. I never "claimed" anything.I simply passed on info I received from my broker.
The discussion thread was never about currently trading stock already in the marketplace. It was always about your claim that the CSDT shares issued to FRTD, and then distributed to FRTD shareholders, would be free-trading upon issuance. Which is a complete falsehood. CSDT has no free-trading shares to issue.
One more time ,you clearly stated there were NO free trading shares.Period.Here's you post,http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103487165
The shares are trading. That means free trading. So simple. Link? Just look at time and sales.LOL
One more time. I never said there were NO shares of free trading stock. Many knowledgeable posters here, have stated correctly that CSDT has not free-trading stock in treasury they can issue. We have proven that over and over. Which means your claim that CSDT shares issued for FRTD's assets would be free-trading is not factual.
There are no free trading shares simply cause there is no registration
If there is one, link it
Tia
I was not discussing securities law or their interpretation.I was disputing your claim that there were no free trading shares of Cascade stock,a statement that was clearly incorrect.Very simple.
We are forgetting that this stock already got their registration yanked
It's a dud
You are incorrect. I already proved that I am right. Securities laws are not open to interpretation, and specific procedures must be followed. CSDT has not followed the required processes, and therefore cannot issue any free-trading stock.
Fact is: I have all the patience in the world. I can easily wait for events to unfold.
I proved your statement about no free trading shares was wrong.No amount of deflection will change that.There are plenty of free trading Cascade shares available.Neither you nor any other poster has come up with any evidence to the contrary.Don't need any useless links to prove that.
Fact is this:
Without registration on dividend or "special dividend" issuance there is indefinite restriction in effect.
This is to protect investors against fraud and embezzlement.
Parilla however, is working with the largest scam masterminds you can think of, not all are smart, the dumb ones are in jail already - and since CEO Parilla is not particularly the sharpest tool in the shed, I am expecting him to join his buddies soon
If they are restricted with a limited time frame,I have no problem with that.All this speculation ,for me is pointless.I just want to see them in my account.Then the facts will be clear.
You proved nothing. Securities laws and regulations are not open to such interpretation. This is very basic information and not difficult to understand or prove. In order to issue free-trading stock, those shares must be registered with the SEC. CSDT has not registered any unissued stock. Very easy to prove, as there are no effective registrations as filed on EDGAR.
http://www.sec.gov/cgi-bin/browse-edgar?company=cascade+technologies&owner=exclude&action=getcompany
All stocks that Parilla name changed and divested out are restricted
Not 1 is free trading
why should this be?
It's another turd fraud pos wtf moment scam
CSDT
Your post was not factual,as I have proven.
As several knowledgeable posters have proven over and over, including myself, CSDT has no free-trading stock to issue. Any new shares issued would be restricted.
Your claims that the CSDT stock issued to FRTD would be free-trading are not factual.
No free trading stock? That's what you stated. What do you think is trading? LOL The buys and sells are 'Free Trading' Cascade stock.Claiming that there is no free trading Cascade stock is neither current nor factual.Do you dispute this?
Not 'shocked' at all. They will file and get current or they won't. Belief has nothing to do with it IMO
its not a loss until you sell...plain and simple...holding strong
another missed 8-K deadline for Cascade. shocking to say the least. I wonder if Parilla still "believes" they will get current in their SEC filings? does anyone else?
some "confirmed" information:
- no 1933 Act registration statement filed and effective for any current issuance by the company = no free trading shares
- delinquent in at least 6 filings (2 10-Ks, 3 10-Qs, 1 8-K) and soon to be 7 (when they don't file the next -required 8-K) = no way to resell restricted shares (no adequate current information under Rule 144)
- no one answering the Cascade corporate phone number and vmail full
- no PR from Cascade announcing the transaction
- no qualification to do business in California
Actually, those are factual statements based on current information. No registration statement, no free-trading stock. Period.
I agree, I prefer to wait also, and not listen to unconfirmed
information.
not wrong. any 1934 Act filings they make have nothing to do with whether or not the shares will be restricted. that's a 1933 Act issue and they have no 1933 Act registration statements on file that allow them to issue registered shares. the only relevance of their 1934 Act filings is whether the restricted shares will ever be tradeable.
no sense arguing anymore. you'll find out. and I'll go with my experience on this one. but if you're curious, you could call the SEC - the Chief Counsel's office in the Division of Corporation Finance will give you the same answer.
That is incorrect. DTC is a Self-Regulatory Organization (SRO) and have been granted certain legal regulatory authority. They are a regulator, in the same way Stock Exchanges and FINRA are regulators and have legal authority over their members and participants.
I understand perfectly well.You are wrong.Your assumptions are not based on any current info.I am content to wait until they file to get the correct and current info.
The SEC is the regulatory agency not the DTCC.
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Spectral Molecular Imaging, Inc., a wholly-owned subsidiary of Cascade Technologies Corp., is a development-stage, medical imaging device company, applying its proprietary hyperspectral-optical imaging technology--originally developed for satellite reconnaissance--to advance the early and accurate diagnoses of cancer and precancerous conditions. SMI is developing non-invasive imaging systems using its patented technology and other proprietary knowhow for improved clinical diagnostics, primarily in the field of cancer pathology. SMI's devices utilize high-resolution imaging, identification, and analysis of certain molecular, cellular, and tissue features via patented spectral-imaging approaches. We expect to provide services related to our primary products, including software modules and maintenance services, and to develop optical diagnostic products that operate in conjunction with surgical and/or evaluation procedures in real time. We believe that our technology will enable early detection and more reliable diagnosis of various diseases, such as melanoma, Barrett's esophagus (a condition caused by chronic acid reflux that can lead to esophageal cancer) and lung cancer. We expect that medical devices using or based on our developed technology can significantly improve long-term patient outcomes and may substantially reduce overall costs for the healthcare system. For more information, please visithttp://www.spectralmi.com.
The $190,172 grant was awarded by the Internal Revenue Service in collaboration with the U.S. Department of Health and Human Services (USDHHS) under the Patient Protection and Affordable Care Act of 2010. The QTDP grant program provides support for innovative projects that are determined by the USDHHS to have reasonable potential to result in a new therapy, reduce health care costs, or significantly advance the goal of curing cancer.
Cascade Technologies Corp announced that it has entered into a non-binding letter of intent to acquire all of the assets of AcuNetx, Inc. in exchange for common stock of Cascade. Completion of this proposed transaction is subject to numerous conditions including, without limitation, further due diligence, receiving shareholder and regulatory approvals, and negotiating and entering into a definitive assets purchase agreement.
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