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ROFLOL!!!....and, we live among them! :x
dking, please crawl back into your hole and call it a day. There cannot possibly be anyone on this earth as stupid as you are, you must really be pulling our chains. If not, tell them to up your meds at the home, you relly need it.
Got a E mail from Mr. Barrett. I told him no one has sent me a E mail proving it's a SCAM. Maybe he will read this board again and see that there a a lot of you saying it is and he could tell the world about all of you.
LOLOLOLOL - IT'S an OUTED SCAM - not to be confused with all the pinkies that probably are scams, this one has been identified and outed... Now, why would a market taker want to make a market in a known scam?
Why wouldn't they want not to make a market might be a better question?
Who would want to trade the outed scam?
Silly me... the same people who were trading it before it was officially outed, lolololol
That is SOP...the announcement the SEC made stated the company would have to redo their 15c211 process...which means they cleared out thier market makers and the company would then have to go back through the process to get market representation again.
They only need one then other can piggy back on that one.
Check out FINRA requirements concerning 15C211's
ummm bux, The SEC released it alright - straight to the Grey Mkt.
Clean Energy & Power, Inc. KEPI Grey Market / Common Stock OTC Markets has discontinued the display of quotes on www.otcmarkets.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:
¦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.
¦Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
¦Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
¦Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
¦Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
¦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.
¦Other Public Interest Concern — There is, in OTC Markets' view, a public interest concern.
Consequently, OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to OTC Markets Group's Guidelines for Providing Adequate Current Information (PDF) and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.
http://www.otcmarkets.com/stock/kepi/quote
LOL, probably can't find any market makers willing to touch it!
Trading suspension ended on Feb 9, 2011 according to SEC docs. Anyone know whats going on with this? Is it over?
We are on are way. One step at a time.
It's the lowest value that the stock can trade for according to the company's the set par price when the stock was issued. In kepi's case, I think it is .001 or .0001
What's PAR mean?
So...is this turd trading again?
DTCC Filing : 12K reinstatement for KEPI :
http://www.dtcc.com/downloads/legal/imp_notices/2011/nscc/otc/OTC-028.pdf
is this stock dead??? whats going on??
1 year filed, 3 more years to go, lol
Off-Balance Sheet Arrangements
Clean Energy and Power, Inc. has no off-balance sheet arrangements.
Material Agreements
The Company has contractual obligations to repay it debentures and notes payable
and to make payments under its operating lease agreement.
Payments due by period:
Contractual Obligation Total 2008 2009 and thereafter
Convertible Debt1 $ 4,509,049 4,509,049 $ -
Notes payable 107,658 107,658 -
Total Contractual Obligations $ 4,616,707 $ 4,616,707 $ -
1 - Convertible debentures matured in 2007 and were extended one year by written agreement. Subsequently they are all in default having matured and not been paid off or converted. Federal and State Tax Liabilities
The Company had been previously notified by the Internal Revenue Service (IRS) and the California Employment Development Department that the Company owed a total of $222,335 in back payroll taxes (including penalties and interest to date). The Company was also notified that the Internal Revenue Service had recorded a federal tax lien against the Company in the office of the Los Angeles County Recorder in the amount of $58,638 (which is a part of the total amount).
As of the statement date of December 31, 2007, the Company had made payment to the California Employment Development Department. The Company had also made partial payment and entered into a settlement agreement with the IRS. As of December 31, 2007, the remaining balance due to the IRS was approximately $180,000 including penalties and interest.
--------------------------------------------------------------------------------
Subsequently, at the date of filing, the balance due to the IRS is approximately $60,000.
mg - you got a link to that? TIA
NICE!! They finally filed, and it's FAR worse than I thought! Hilarious!
Go ahead and send me a E mail with proof it's a SCAM. If you have the proof I would like to see it. I would pass it on to Mr. Barrett who reports for Forbes. We could shut down KEPI once and for all. I will just forward your E mail to Mr. Barrett.
dking, have you noticed that you are the LAST person on the planet that thinks there is still a small glimmer of hope that this company is not a total fraud? Time to give up hope. As I've been telling you all along, blind faith is no way to invest.
It looks like this board believes that KEPI is a SCAM. I was told it is not a SCAM. It looks like I should have taken the word of this board over my source.
It's been a scam for years, the SEC shutting it down just confirmed it for all to see. Look at this...
cargo_hauler Share Monday, December 28, 2009 10:09:22 PM Re: Lynxrulesss post# 1197 Post # of 3256
Yea, same ole scammers, just a new name for the scam, lol
cargo_hauler Share Tuesday, December 15, 2009 11:58:33 AM
Re: naturalborninvestor post# 1195 Post # of 3256
LMAO-Pinkie SCAM ALERT!!!ITEM 8.01 OTHER EVENTS.
In a Definitive Information Statement filed with the Securities and Exchange Commission ("SEC") on June 4, 2009, the Company disclosed that it is delinquent in the following filings: December 31, 2007 Form 10-K, March 31, 2008 Form 10-Q, June 30, 2008 Form 10-Q, September 30, 2008 Form 10-Q, and December 31,2008 Form 10-K. The Company is now also delinquent in filing its March 31, 2009 and June 30, 2009 Form 10-Q's. The Company now expects that all these delinquent filings will be made by December 15, 2009 (instead of the previously disclosed October 30, 2009). This and other matters are discussed in the press release as of this date (attached as Exhibit 99 to this Form 8-K).
-The Company continues to work on bringing its delinquent filings current with the SEC. The change in management has caused a delay in the planned date of October 30, 2009 for bringing the SEC reports current. We expect to be completed with the filings by December 15, 2009.
We would expect the filings completed and current during Q1 2010.
invitro Share Thursday, January 17, 2008 12:27:47 PM
Re: None Post # of 3257
This has been a total scam. I wish I'd had the courage of my convictions and sold the final third of my position, but there's always a part of you that hopes you're wrong! I fully expect some bad news to come out in a few days, probably BK. This kind of price action is usually a precursor to very bad news. I've seen it so many times before.
At least I didn't buy any more when it was going up, otherwise I'd be holding a significant bag. Volume and price spread tell their own story.
GLTA
SammyTheBull Share Wednesday, November 26, 2008 6:12:55 PM
Re: None Post # of 3257
5G Wireless sanctioned by the SEC
www.sec.gov/litigation/admin/2008/33-8985.pdf
Anyone that used to follow them knew they'd fumble the whole BDC share scam eventually.
Mr. Barrett didn't say it was a SCAM. He used a post on Yahoo that said it was SCAM. He is in the clear. But by people reading his story people think it's a SCAM thanks to the poster on Yahoo. I am sure glad I am not in his shoes. To have a reporter on Forbes saying it's a SCAM and this person bragging about being the source of this just blows my mind.
So, what happens when this gets lifted off of the suspension?! Do you expect filings to come out?
I have no idea who this company is nor do I even care. I made a silly comment about them being the first stock of the year to be suspended.
Sorry it offended you but welcome to the stinky pinkie land.
GOD bless you.
lol, they know who a screen name is for simply congratulating a company for being the first stock to be suspended for 2011!
In regards to KEPI being a scam, well, the SEC suspended them for a reason and that is because they chose to not file ANYTHING for a long time.
Why is that? What are they hiding?
In regards to "you were told it's NOT a scam"...really? I take it the CEO told you this? Of course a CEO is going to tell you it's not a scam. lol
After 10 days of being suspended you will see this on the Grey Market with no L2 anymore and about a month later this will be revoked.
Sorry that you got caught in this but that's the nature of the game when companies refuse to file anymore.
Oh Gawd, that sounds like a tangled web they spun, and no doubt KEPI shares will be found to be part of the plot, imo.
Did this get suspended because of Shen and Gair's misdeeds with the former officers from BEHL? The former officers emptied the bank account and then apparently approached Shen, who was posting with Gair on the BEHL board, with the intellectual property of the company.
Will former BEHL holders now become holders of the KEPI shell as KEPI will be held liable for Shen's libel, insider trading, and illegal activites that were perpetrated with KEPI property, on KEPI's property, while Shen was employed in an official capacity as a KEPI officer?
It's amazing, the SEC steps in and stops it, but it's not a scam. I doubt it even trades again, if it does, it will probably be .001 or so, imo. I've seen this before, and it's NEVER a good thing. Oh well so be it...
"for some, they will go down with the ship, yelling out "hope" all the way down"
LOL - it's not enough for some, they will go down with the ship, yelling out "hope" all the way down.
THE SEC SUSPENDED TRADING - Isn't that enough?
Prove it. You say it's a SCAM I say it isn't. I say Clean Energy & Power, Inc. isn't a SCAM. I sure hope I am playing by the rules. It's not that I don't want to post it's that everytime I post I am afraid I am going to be banned.
I have to be careful what I say here. I know I Hub is watching my every post. There is no proof that this is a SCAM. This is a great Company with good management. I believe what they say is true. If anyone doesn't agree with me you can attack me but I can't say anything against you. I Hub has made that clear to me. I will play by the rules.
Don't pay attention to dking, the guy is out of his mind, truly. He actually thinks that this latest action by the SEC is a GOOD thing for stockholders and KEPI as a whole. WTF is that all about?!
Still a SCAM - get real - we've all seen the PR's and SEC filings that CURRENT MANAGEMENT reported about SEC filings that didn't happen... Can't believe you are still defending these scammers.
I agree with you. We all know this was a SCAM before it became KEPI.
Fraud....The company is a con and the SEC shut down trading.
This SCAM has been shut down for good... When are you going to admit, KEPI is done???
At this point, its just an administrative hearing to find out what the heck is going on with the filings. Probably will find out what a mess the auditors and previous management have made of the financial records and release them with prejudice. That's my guess.
What a great time to be a shareholder. This Company is in the right place at the right time. Now the whole world knows about it. They have the right people in place to run the Company. Thank you SEC for putting this Company on the map.
SEC begs to differ.
I asked this board why the SEC didn't stop this 7 months ago??
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51750431&txt2find=trading
mg - You and SRV made the FORBES article...CONGRATS! ;D
http://blogs.forbes.com/williampbarrett/2011/01/27/sec-issues-its-first-stock-trading-suspension-of-2011/?partner=yahootix
The Boston regional office is quickly cementing their place as the most serious and hard working of all the SEC regional offices.
There are literally hundreds of other stocks out there that have the same issues as KEPI had with the non-disclosure to back up company statements and late filings and broken promises. And there are literally hundreds of other stocks out there that are far far worse that get to continue trading on a daily basis because they are in other regions outside of Boston.
At this pace we'll only see 12 - 13 suspensions all year. That is not going to cut it if the SEC's goal is to deter scams from occurring especially when there are literally hundreds of companies far far worse than KEPI still in operation.
Green is definitely the new black in stinky pinky land just like Daniel Fisher stated back in 2007.
Related article with a nice shout out to SV-90:
http://blogs.forbes.com:80/williampbarrett/2011/01/27/sec-issues-its-first-stock-trading-suspension-of-2011/?partner=yahootix
William P. Barrett
Informer
SEC Issues Its First Stock-Trading Suspension Of 2011
Jan. 27 2011 - 1:50 pm
On its website, publicly traded Clean Energy And Power calls itself a “global clean energy developer” with a number of foreign projects and a commitment to providing investors with “transparency and confidence.” But that stated philosophy of openness does not extend to timely filing of financial statements with regulators.
The Securities and Exchange Commission said today that the last set of financials Clean Energy last submitted was for the quarter ending September 2007. The agency suspended trading in Clean Energy stock for two weeks–its first such action of 2011–and began an administrative proceeding “for the protection of investors” that could lead to the delisting of the firm’s shares.
The stock of the Warwick, R.I.-based firm had been traded in the Pink Sheets, a well-known den of many sketchy companies. But even before today’s SEC action, that market had had second thoughts, discontinuing the display of Clean Energy price quotations because of a “public interest concern.”
However, that apparently hadn’t stopped investors from buying and selling. Other data sources report a recent average daily trading volume of 250,000 shares. Not that the price is exactly up there. The latest quote is $0.0038, or 263 shares for one dollar.
The laws establishing the SEC give the agency the power to halt trading in any stock for 10 business days. A trading suspension frequently is a signal that SEC investigators are taking a cold, hard look at the company. Many such sanctioned companies never resume trading, meaning, the SEC says bluntly on its website, their shares “may be worthless.” As a matter of policy, the SEC declines comment on suspensions beyond its form press release or even to announce their end. Last year, the SEC temporarily suspended trading in 240 companies.
Federal securities law require most SEC-reporting companies to file quarterly statements within 45 days and annual statements within 90 days. But a surprising number of smaller outfits don’t. We’ve seen companies 14 years in arrears. The criticized-for-being-asleep SEC, whose own records presumably can identify laggards, has been stepping up its efforts to root out tardy filers.
Last June, Clean Energy issued a press release saying it was in the “final stage” of completing its audits for 2008 and 2009 and expected to be current in a month. That prediction has proved to be wildly optimistic.
Clean Energy President Dennis K. Shen told Forbes this morning the missing filings were due to the departure of two previous chief executives “on very bad terms” who took paperwork with them. He said the company was working to get current on its filings, which would include audited statements for 2007, 2008, 2009 and, by this spring, 2010.
“This company has been generating revenue,” he declared, but he declined to provide specifics.
Shen’s own profile on the Clean Energy website includes claims that an unnamed company he led a decade ago earned an award from “Earnest and Young.” This is an unknown organization, although it is possible it’s a reference to the well-known accounting firm Ernst and Young.
Clean Energy’s current CEO is Erwin Vahlsing Jr. His own bio on the company web site talks, among other things, about his previous experience in complying with financial disclosure requirements. He did not immediately respond to a telephone call seeking comment.
Clean Energy certainly could use some spruced-up financials. The last set on file with the SEC, for the third quarter for 2007, cited just $1,944 in cash, a negative net worth and a going-concern warning. For 2007’s first nine months, the company lost $3.8 million on revenues of just $730,000.
Its history suggests a continuing search for business meaning. According to its earlier SEC flings, the company was incorporated in 1979 as Tesmark, changing its name to 5G Wireless Communications in 2001. From trying to provide wireless Internet systems, it became an equipment manufacturer and then a provider of Wifi networks to hotels. In 2009, the firm changed its name to Clean Energy, unveiling a strategy of pursuing solar and wind energy projects in Europe.
The SEC action today quickly triggered a new round of withering commentary on Internet message boards that follow Clean Energy. Critics posted links to the trading suspension and delisting proceeding. “The SEC is going to shut this scam down, finally … or force them to file, which will have the same net result,” said a poster using the name mgccrx on Yahoo Finance.
Over at Investorshub, someone going by the handle of SRV-90 wrote, “Congrats to KEPI for being the first stock of 2011 to be suspended! What an achievement! LOL.”
http://blogs.forbes.com/williampbarrett/2011/01/27/sec-issues-its-first-stock-trading-suspension-of-2011/?partner=yahootix
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Clean Energy and Power, Inc. -- (KEPI.PK)
Clean Energy and Power, Inc. is helping take the alternative fuels and clean energy industry from the possible... to the profitable. The expert Management Team identifies fully developed environmental projects with the greatest potential commercial application, and deploys, oversees, and controls each operation to ensure its success.
Clean Energy and Power provides investors with the features most prized (and often lacking) in international, cutting-edge investing - transparency and confidence; each acquired company will become a subsidiary of CEP.
Why CEP
Very simple. Because CEP focuses on highly profitable clean energy projects that have high economic gain and reduced political and business risk. Right now we are focused on solar in European Union, particular in Czech Republic and Bulgaria. Compared to USA, developer and producer of solar energy in Czech Republic and Bulgaria receives up to 64 cents per kWh versus 14 in USA, with the price guaranteed by EU Government for 20-25 years, with no profit tax for 5 years, inflation protected by 2-3% per year growing price. Our projects provide 20% or more ROI and have virtually no risk attached to them. See for yourself below:
We sell power to E-ON, the largest utility, grid and Energy Distribution Company in Europe. To learn more about E-ON and the European program, please view here E-ON presentationor visit E-ON website.
Projects
Clean Energy and Power, Inc. today announced that it has completed registration of its subsidiary, Clean Energy and Power s.r.o., in the Czech Republic.
By establishing this subsidiary, the Company can now move forward with acquiring Power Purchase Agreements that have been issued in the Czech Republic for solar projects that remain undeveloped due to lack of funding. With rates of $0.63 US per kWh guaranteed for 20 years by Czech Republic and European Union, these opportunities provide higher revenue than found in many other locations.
A solar power project installed to provide electricity to the central grid of the Czech Republic under that country's Feed-in-Tariff. Marked today at 50.4 euro/cents per kWh, this tariff is guaranteed by the Czech State and backed up by European Union to the project owners for at least 20 years, with first the 5 years as tax "holidays", including zero profit tax.
Nominal power of approximately 1 MWp to provide electricity of 840 KWh to the grid.
Modules: Only TUV Rheinland certified poly or mono crystalline modules will be used. These modules will be supplied with 2 years of product warranty and 25 years of limited performance warranty. After 10 years 90% and after 25 years 80% of the nominal power is guaranteed.
Inverter: The inverters are certified to be connected to German, Austrian and Czech standards. They have to be grouped in three to comply with the three-phase-electricity grid. The inverters are supplied with 10 years extended warranty. The efficiency rate is higher than 97.5% based on Euro-eta measurements.
Mounting Systems: The mounting system is being made from Aluminum with some stainless steel components. The mounting solution will be adjusted to local needs in terms of wind, snow and ground conditions.
Cable, Connection Racks and Transformer: DC and AC-Cables are standard products, designed to have high throughput of electricity and low transportation loss. DC-cables are also manufactured to sustain high UV irradiation. The inverters are grouped to three and connected to a connection rack from where underground cables are being pulled to the transformer.
Approximately 180 km south of Prague, close to the city of Czesky Krumlov. Or 230 km from Vienna.
Bohemia Solar Project - III (2 MWh)
A solar power project installed to provide electricity to the central grid of the Czech Republic under that country's Feed-in-Tariff. Marked today at 50.4 euro/cents per kWh, this tariff is guaranteed by the Czech State and backed up by European Union to the project owners for at least 20 years, with first the 5 years as tax "holidays", including zero profit tax.
Project Phase 1: to provide 900 kWh to the grid.
Project Phase 2: to provide 1100 KWh to the grid.
Modules: Only TUV Rheinland certified poly or mono crystalline modules will be used. These modules will be supplied with 2 years of product warranty and 25 years of limited performance warranty. After 10 years 90% and after 25 years 80% of the nominal power is guaranteed.
Inverter: The inverters are certified to be connected to German, Austrian and Czech standards. They have to be grouped in three to comply with the three-phase-electricity grid. The inverters are supplied with 10 years extended warranty. The efficiency rate is higher than 97.5% based on Euro-eta measurements.
Mounting Systems: The mounting system is being made from Aluminum with some stainless steel components. The mounting solution will be adjusted to local needs in terms of wind, snow and ground conditions.
Cable, Connection Racks and Transformer: DC and AC-Cables are standard products, designed to have high throughput of electricity and low transportation loss. DC-cables are also manufactured to sustain high UV irradiation. The inverters are grouped to three and connected to a connection rack from where underground cables are being pulled to the transformer.
Location
Approximately 200 km south of Prague. Or 210 km west-north from Vienna
CEP, through its Czech subsidiary Clean Energy and Power s.r.o, has established business relationships with a number of strategic partners and solar industry leaders in Czech Republic and Europe, which are key to implementing successful projects and our long-term business strategy:
Management
Erwin Vahlsing, Jr. - CEO
Dennis K. Shen, President and COO
Erwin Vahlsing has extensive international experience in leading, building and managing finance departments in the manufacturing, service and construction industries. He is proficient in driving increased profitability through strategic planning, organizational development, critical decision making, cost-effective solutions and crisis management.
For the past ten years, Mr. Vahlsing has been CFO of ICOA, Inc., a leading provider of public access Internet services for the traveling public via WI-Fi He led ICOA's initial registration with the SEC and established their public reporting systems to comply with GAAP, FASB and Sarbanes-Oxley requirements.
Previously, Mr. Vahlsing helped bring a pager company to profitability. From 1998 to 2000 he was General Manager of a customer service call center, where he was responsible for a highly automated call handling operation. Under his management, the call center grew from 40 to 300 operators and to over $700,000 in monthly revenue. Prior to that he held financial positions at a number of Rhode Island companies, where he established systems to reduce costs and enhance operational efficiency. Mr. Vahlsing established a strong foundation for this work as a Senior Cost Accountant for an ITT division and a Controller for other companies; in both roles he implemented procedures for inventory and cash management, as well as multiple innovative computer systems.
Mr. Vahlsing received an MBA from the University of Rhode Island and a BS in Accounting from the University of Connecticut.
Results oriented executive with repeated proven record to be the top fastest growing wireless internet company in the region. (Awarded by Earnest and Young) Experienced in hiring, training, motivation and mentoring sales, technical, operational and support team in both the entry and executive level.
Consistent entrepreneur spirit in developing new wireless vertical markets in wireless internet. The go to person to solve customer issues, both from a procedural, customer support, and technical level. Developed cost effective technique to maintain customers in a dynamic wireless environment. Wrote the standard operating procedure and Technical manual for two wireless internet companies.
Experienced in M&A of companies in both the acquirer and acquired role. Successfully took a company public in 4 years from start up. Setup, design and implement one of the earliest (1996) metropolitan wide wireless network on Unlicensed broadband frequency.
Other Highlights:
Ernest and Young top 50 fastest growing company in 2001 as Chairman of the board and President
Silicon Valley Business Journal 'Top 50' Lists as Board of directors and CTO
Elena Kotunova, Managing Director
Clean Energy and Power s.r.o., a Czech-based subsidiary of CEP in Europe.
Ms. Elena Kotunova has extensive experience in operations and management with over 15 years in corporate administration, staff recruitment, office management, corporate affairs, and project development. Since 2007 until very recently Ms. Kotunova worked as a managing director of a Czech-based real estate and solar farm development company Glass Time. Between 2003-2007, Ms. Kotunova worked as an office manager and eventually as a managing director of an established Eastern European pipe distributor Mechanic Services with 22 office locations and over 180 employees. Between 1991-2003 she worked as a staffing specialist and eventually headed operations for an established Eastern European staffing agency Ancor Staffing. In 1991 graduated with Masters in Thermal Physics from the Samara State University.
http://www.cleanenergyandpower.com
Address:
111 Airport Road,
Unit 2 Warwick,
RI 02889
Phone: 401-648-0803 401-648-0803
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