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Give me a break, as I've said for over a year now, they LIED to the SEC... It's not nice to lie to the SEC, then keep lying in PR's, lol
Imagine. A clean energy company that operates overseas.
Cut and paste the biz description into dozens that trade on the pinks.
They should all be suspended.
Shen and bux were most likely double duped??
Finally the SEC got one before they got all the shares sold... oh well, this is about the third time around, but better late than never!
well bux, What'cha think of KEPI now?!!! We tried to tell ya....call Shen and see what he has to say. PFFFFFT!
It's about time. I don't think anyone can honestly say they didn't see this coming. Clearly this shows to the KEPI pumpers the true colors of this sham of a company.
Trading Suspension: 34-63782 Jan. 27, 2011 Clean Energy and Power, Inc.
http://www.sec.gov/litigation/suspensions/2011/34-63782.pdf
See also Order
http://www.sec.gov/litigation/suspensions/2011/34-63782-o.pdf
http://www.sec.gov/litigation/suspensions.shtml
KEPI halted. your 2nd one. well done
Congrats to KEPI for being the first stock of 2011 to be suspended!
What an achievement! LOL
SEC Trading Suspension : KEPI
http://www.sec.gov/litigation/suspensions/2011/34-63782.pdf
SEC Administrative Proceeding against KEPI :
http://www.sec.gov/litigation/admin/2011/34-63783.pdf
Figures you would hit the thread with a massive punch of common sence.
I never even thought of that, but makes absolute sence.
KEPI is still one I'm just sitting on and when one of my others spike I'm loading up big down here. This has the be the bottom and news will run this something feirce.
I got an e-mail alert fro 777 stock picks on ESLP, same deal as we have but they are just making land deals in Bulgaria. We have the farm in place and tapped into the Grid. Yes its a pump momo run noe .30 to almost .59 yesterday and still in pullback rally mode. We are so far ahead of this one. You can almost see the writting on the wall. We've been through all that junk they are just starting.
Ortco you should send your sales sharks over there and sell some pannels!
http://finance.yahoo.com/news/Euro-Solar-Parks-Announces-prnews-1703473940.html?x=0&.v=1
Lets go KEPI... Keep the buys coming in...
Which they haven't done yet, ever, since the inception of the company. They sure like to promise theat they are "very close to completing the filing" though.
Depends on whether they come through with the filings and revenues announcements.........
do ya think this type of energy stays in play this qtr?
Solar power companies do better in spring and summer as a rule!
I agree with you 100% on this. That's the problem with buying another Company or a shell. Things come up out of the past and the person or group that sold the Company are laughing all the way to the Bank. All the SEC does is slap them on the hand. The shareholders of the old Company got screwed and then turn into bashers and say the new Company is a SCAM. I have sent the SEC E mails about this and they don't seem to care.
Actually, KEPI is required by law to have their filings audited, they have no choice. They haven't published the filings because their auditors will not give them the results they are looking for. This is why they keep switching audit firms. The auditors will do an audit, and they probably issue a disclaimer of no opinion, which means they couldn't do a complete audit because there is a lack of financial information, or they are not being given what they need by management. This result IS satisfactory for the SEC to publish, but KEPI would never allow it, so they just switch to a new audit firm to see if they can get a different result.
Bottom line, KEPI can publish what the previous auditor reports contain, but it would be instant death for the company if they did. All of the previous audit firms have issued reports, which KEPI has. I would love to read those. Mark my words, you will NEVER see filings from this company.
Thanks Cbux for the update. It is appreciated.
When everyone who buys the POS loses money and they lie to the SEC about filings, lie to the shareholders about mergers, operations, and acquisitions, it's a SCAM!
And those perpetuating the SCAM are SCAMMERS... Why do you think there is this warning on the Pink Sheets? From the CEP filings link on the KEPI website.
http://www.cleanenergyandpower.com/index.php?page=investors
And why do you totally ignore the fact that the promised revenues have never been posted, the photos that the PR's say will be posted on the website are never posted, and the outstanding shares are never updated, but the barrage of shares hitting the bid continues unabated, and the so called LOI was never confirmed or any of the others confirmed either???
ANSWER THE ABOVE QUESTIONS or it remains A SCAM!!!!
The plain and simple fact is that KEPI could have put out filings at anytime they wished.
However, they made the decision to seek Audited filings, which are coveted by the market, but take long and are harder to obtain.
I have heard that the auditors are the last phase of completion and that the filings will be posted very soon (I know, we've heard before).
It has been difficult because of the poor records managment by the previous administration.
Anyways, KEPI is not a scam, but rather, is suffering from unavoidable delays.
BTW, I HEAR THEY HAVE REVENUES TO ANNOUNCE.
The CEO is doing his best to get all the records put together but it looks like the records are just not there. What do you expect for him to do. Just make stuff up. You know and I know you can't do that. If at the end of 2011 he can't find all the records then maybe there are no records. I would think that over this year he could get with the SEC and just tell them I can't find them. That maybe they were never there to start with. Yes maybe before KEPI this was a SCAM. But you have no right to say it's a SCAM now.
Insider Trading WarningThis company may not be making material information publicly available.
LMAO - this is from the CEP filings link on the KEPI website.... go ahead..
click on it..
http://www.cleanenergyandpower.com/index.php?page=investors
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
What is insider trading?
Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.
Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.
Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.
Why is Pink OTC displaying this warning?
Companies that are identified on pinksheets.com as having “No Information” may be placing their shareholders at risk of violating 10b5-1 insider trading rules. Pink OTC Markets recommends that investors wishing to place a trade in such securities contact the company to verify it is making adequate current information publicly available.
How can a company make material information publicly available?
Companies can make material information publicly available by registering a class of their securities and making current reports with the SEC.
Companies can make material information publicly available by qualifying under Rule 12g3-2(b) under the Exchange Act (“Rule 12g3-2(b)”).
For companies that are not subject to SEC reporting requirements under 12(g) or 12(b) of the Act, Pink OTC Markets provides the Alternative Reporting Standard to facilitate the availability of adequate current information.
Companies that post such information through the OTC Disclosure & News Service are able to conveniently and efficiently make their information publicly available on their quote page on www.otcmarkets.com.
The Alternative Reporting Standard is designed for companies to meet the minimum disclosure requirements under SEC Rules 15c211 and 144(b) and assist companies in protecting their affiliates from 10b5-1 violations. Companies are urged to seek the advice of experienced securities counsel regarding materiality and methods to make material information publicly available.
For more information about the Alternative Reporting Standard, please visit our Alternative Reporting Standard page.
Note: Companies may choose to provide current information on their corporate websites. Pink OTC Markets encourages affiliates, employees, insiders, or any person in possession of nonpublic material information about a company to examine the company's corporate website for current information, if they are not able to find it through pinksheets.com or in current reports filed with the SEC, to ensure compliance with Rules 10b-5 and 10b5-1. However, the warning message on the company's quote page on pinksheets.com will continue to be displayed. To remove this warning message, the company must meet one of the three standards listed above.
For an overview of insider trading, visit the SEC’s website at sec.gov/answers/insider.htm.
No problem, and those revenues he was reporting??? LMAO
And that LOI of whatever the latest thing he was buying? LMAO
This has been going on since Five G wireless, and some of us know it, but if you don't mind a company that always sells billions of shares down to .0001 and then reverse splits, and does it again and again, then you have found your company.
Good luck.
Saying it's a SCAM was the wrong word for you to post. You have yet to prove to me it's a SCAM. If the CEO says he is having a problem with finding all the records then I believe that he is. So you are saying this is a lie. Prove it. That's all I ask of you.
I trust the CEO of KEPI. It takes time to turn a Company around. When I invested in this I was looking at a two year plan. If by the end of this year things don't look better then I might sell my shares. I hope you don't think I am saying anything bad about you. I hope you don't think that I am attacking you in any way. I understand by me doing this post I can get banned from posting about KEPI by I Hub. Please don't turn me in. I need to learn how to play the game. I understand that I Hub will support you and not me.
If one likes investing in lies and more lies, this would be the perfect venue... Now, I've got posts all over this board detailing all the lies these scammers have made, not only in PR's but in SEC filings.
But for a quick DD, why don't you go back just to the PR's that are showing on I-hub and look for the lies..
I'll give you the link to the recent NEWS... and this has been going on for years, I have the posts detailed on this board, but if YOU are going to do DD, I'd advise you to find them.
http://ih.advfn.com/p.php?pid=squote&symbol=kepi
Clean Energy and Power, Inc. Letter to Update Shareholders
Date : 04/05/2010 @ 9:30AM
The Company has obtained the funds necessary for the auditors to complete their work. The Company expects to complete the filings of all delinquent reports with the SEC over the course of the next thirty to sixty days.
Clean Energy and Power Provides Update on Audit and SEC Filings
Date : 06/28/2010 @ 8:30AM
The Company is in the final stage of completing the audits for the years 2008 and 2009 with our auditors and expects to have this work completed by July 9, 2010. Subsequently, during the month of July, the Company expects to file its SEC filings for the periods up through fiscal year end 2009.
The Company expects its filings for the first and second quarter of 2010 will be completed and filed no later than August 15, 2010 at which point the Company will have caught up with all its SEC reporting bringing it completely current and therefore should be back on the OTCBB.
Clean Energy and Power Completes Deployment of Its Initial Solar Project in Czech Republic
THREE LIES IN THIS ONE!
Erwin Vahlsing, CEO of Clean Energy and Power, went on to comment, "this is exciting news for us and our shareholders and (1) our next step will be to begin reporting revenue. Mr. Shen just returned from the Czech Republic and (2) will be posting photos on Clean Energy and Power's web site so that our shareholders can see for themselves the progress being made. Additional updates will be forthcoming."
In other company news, (3)the audit is in its final stages and while we have anticipated the filings in the past and missed the projected dates, we should be posting the filings to the SEC's Edgar database before the end of the month. This has been a more complicated process due to the changes in management and the relocation of records which has led to added work verifying the activities of the past few years.
SO GO AHEAD AND BUY BUY BUY, BECAUSE THEY HAVE ABOUT A BILLION MORE SHARES TO DUMP BEFORE THE NEXT REVERSE SPLIT!
Thank you for that wonderful DD. I say it's not a SCAM.
Hey he was right about PPJE, and I don't see why the streak would stop. KEPI'n it real.
Sorry to hear about your losses... Maybe CD's are the right choice for you?
The last thing I heard was that the filings were being worked on. It seems its not that the filings aren't ready, but that the auditors won't certify them until additional documents are found that are lost by the old management team. Supposedly they were very close to certifying a few weeks ago.
He knows it's a scam!
Bux
What are you hearing lately on KEPI? You have gone very quiet here.
------------
it has been said in the last PR that updated filings for the PAST THREE YEARS will be filed very soon. That's what we're waiting for.
Also, I do believe they will be announcing revenues soon from the solar project.
Oops.. it is their COO not CEO who posts on the BEHL board. Still unprofessional.
I would be worried if I was invested in a company were the CEO spends time on other boards along with their CTO bashing another company. Very unprofessional. Classless and I also would not be surprised if the SEC is looking at KEPI.
$5 bucks is for America! The rest of the world gets the left overs. Chavez is cutting off what $5Trillion in oil reserves to America. Things may heat up across the Globe. Best to let America do what it dioes and drill. N Dakoda is sitting on the Mother load of crude and there will be your next gold rush if Oil stays high. Thing for America, we have a few back up plans.
Europe is sort of the ones needing KEPI
I deal with a china CO that sells these panels and sold a bog lot to germany I talk to the co at least 3 times a week, this stuff is selling KEPI I would think is in a good pos with the fuel prices going up so fast and all the talk is around 5 bucks per gal.
A glass half empty!
And...I will continue on w/ the KEPI story of lies, ad infinitum. GLTY, as well.
You sell this stuff, Are there Rare Earth material used in making these pannels?
If so, could that be one of the reasons Rare Earth materials have made such a big jump?, And China cutting off 40% of the World supply?
I know this could run big time, but they would rather loose money then make money. solar is a working product I would hope they can put out a post to prove this is a working Co.
Thanks for the reply! Although I've read your story adneauseam.
Thanks and good luck. There are killer plays out there.Don't let look into some Rare Earth plays.
LOL! My bad!! pawson, rawson, frank, roger.....ALL bad! lol
thanks for the correction, kennypooh - :P
Hi crystal!
FWIW
Roger Pawson = puppet master
Frank Rawson = BEHL CFO/Director
bux, I see you got your pom-poms out, and cheering away....your $$$. GLTY :)
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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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