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cypressknee you are so full of #@$t!!!!!!!! Stop pumping a dead stock. I would advise you all to dump now before you loose big time.
Not much else was discussed. I will follow up with more questions to Mr. Cantu shortly.
Cypressknee Did he give you any information on anything else at all?? We know site is not to be up and running till december. Thats why I can not believe the way advertising and releasing press releases.
Did he or you elaborate on what issues it may resolve? Thanks.
Newtrader
Got a call Mr. Martin Cantu. He apologized for the delays in responding and said they are overwhelmed with the response. He said the real time system due out soon will hopefully resolve these issues. It was a professional call. He did not sound defensive.
In the interest of fairness, it's important to note that CharterX appears to be a competitor, so some bias may be there.
However, their report does have the sound of being true, to my ears.
Just read this, not too nice...
Online Air Charter 'Broker' Connect-A-Jet Makes Wild Claims
13-Sep-2007
By Karen Di Piazza [CharterX Exclusive]
Texas-based Connect-A-Jet Inc., a Web-based air charter broker, says its new business is aimed "to eliminate the world of private jet charter brokers," and to provide the public with direct access to aircraft operators through one online portal--CAJ. Through numerous press releases and postings on its website, the company presents itself as the world's charter czar, professing it has affiliations with known companies for flight tracking services, aviation safety oversight, etc. CharterX has interviewed several companies named on CAJ's website or mentioned in press releases that disapprove of the broker's tactics.
CAJ Pink Sheets
CAJ says it will "single-handedly revolutionize the way the entire world travels by private aircraft." Martin Cantu, CEO of CAJ, stated in a press release, the "entire public" would have access "to every aircraft, within every fleet, of every charter company in the nation." On Aug. 23, CAJ announced it began trading under the symbol CAJT.PK (Pink Sheets). According to Investopedia, companies on the Pink Sheets are not required to meet minimum requirements or file with the U.S. Securities and Exchange Commission (SEC), which Congress created in order to regulate the securities markets and protect investors.
On Sept 4, CAJ started advertising its broker services on CNBC and in major newspapers, stating it received more than 250 charter requests. Each press release is followed by the company's alleged millions of dollars worth in aircraft inventory, and to accommodate the growing number of charter requests, now in the thousands, a significant number of charter representatives have been hired to handle the growing demand.
CharterX called Cantu several times for a response, but calls were not returned. Making every attempt to get through to this company, CharterX also called its reservation charter department; however, a recording said, "mailbox full, goodbye." CAJ's website does not provide anyone's name or company bio; Cantu's name was found on a press release.
CAJ's press releases provide contact information to its "investor relations," David Donlin. Several calls were made to Donlin, which CharterX discovered led to The Cervelle Group, LLC, in Altamonte Springs, Fla. A woman, only willing to give her first name, Jen, assured that Donlin would return calls within the hour; however, she declined to verify what Donlin's position was at TCG. After 16 hours passed, there was still no word from Donlin. TCG's website is absent of anyone's name or corporate bio; it states it handles financial relations counsel, public relations campaigns and other marketing services.
Where is CAJ getting its money, and what exactly do investors believe they're buying? Operators that CharterX talked to said CAJ's pitch is that operators are not charged to join; CAJ would make money selling charter flights receiving a commission.
CAJ's press releases promote that charter requests are real-time applications; within seconds, a customer can book a flight, pay and show up at the tarmac. As of going to press, the company's a real-time booking system doesn't exist; it's a manual, slow process. Its website says it plans to release its real-time booking platform in December. To test its current charter platform, this journalist requested an empty leg (a one-way flight) on a Gulfstream V, from Denver to Sacramento. An assuring email arrived saying a charter representative would be in contact--shortly. More than four hours went by; no one called. CAJ's press releases continue to state tremendous charter requests; however, the numbers of actual flights flown are not disclosed.
Aviation Companies Warn CAJ To Stop Putting Out False Claims
In another press release, CAJ said it launched its worldwide sales program, and began pre-contracting charter operators around the globe; it claimed it was negotiating an affiliate partnership with Scottsdale, Ariz.-based Aero Jet Services, LLC, a FAR Part 135 air carrier. On Sept.5, CAJ said Aero Jet joined its charter program, adding $40 million in aircraft inventory. Aero Jet President Mike Aaby told CharterX, "I have never had a conversation with Cantu and never gave CAJ permission to use Aero Jet's name in print. I'm sending a letter to this company telling them to stop using my name; we are not doing business with them."
After CAJ released a press release on Sept 6, stating it submitted a letter of intent to engage in a charter partnership with NetJets Inc., a Berkshire Hathaway company, Maryann Aarseth, vice president of corporate communications, told CharterX, "Our legal department has sent them a letter; we are not engaging in any partnership with this company."
Upon clicking CAJ's "track a flight," it claims one of its many benefits for private charter is its "affiliation" with FlightAware. That's news to Daniel Baker, founder and CEO of Houston, Texas-based FlightAware, who told CharterX he's never heard of CAJ.
"FlightAware has no affiliation whatsoever with this company," Baker said. "I'm stunned. I had no idea they were using our company's name--misspelled at that--and making all these claims about having a relationship with us. It's one thing to link to a company as an industry courtesy link; it's another thing to write all this stuff without our permission." FA's flight tracking services of both private and commercial air traffic in the U.S., free to the public, said its platform of flight arrival/departure algorithms is proprietary. Baker said he intends to have a letter sent to CAJ telling them to pull false information about his company from its website.
Cincinnati, Ohio-based Aviation Research Group /U.S. warns CAJ to stop using its name under the heading "safety." CAJ's website makes the claim that "all operators affiliated with CAJ are reviewed by ARG/US."
Joe Moeggenberg, founder and president of ARG/US, told CharterX, "We have absolutely nothing to do with this company; our legal department sent a letter to this company last week, warning it to remove all references about ARG/US from its website. I've received calls from concerned charter operators about CAJ's claims." He added that without permission, CAJ "copied and pasted information" from ARG/US' website.
CAJ's Claim To Eliminate The World Of Private Jet Charter Brokers
After being in business for a month or so, CAJ's claim that air charter brokers take up to four days to get back to a charter customer, only to tell them there is no aircraft available, is laughable at best. Maybe CAJ should reconsider its own operation and timely response to charter requests.
It's difficult to imagine that the British Royal Family would stop using UK-based Air Partner's exclusive, private jet travel service. Air Partner, which also has a strong U.S. presence, is a publicly traded company on the London Stock Exchange, and has been arranging private air charter for corporations, governments and individuals around the globe since 1961. The company has 210 aviation professionals located in 20 offices across four continents.
David McCown, vice president of marketing and business development of Air Partner, says, "We welcome companies that can truly bring value-added innovation to the air charter industry. Air Partner always stresses the importance of performing due diligence prior to doing business with any new company, which is applicable for the entire aviation industry."
It's also a stretch to imagine that CAJ could eliminate U.S.-based Air Royale International, established in 1994, with offices in New York, London, Hong Kong and Dubai--with clients such as CNN, Warner Brothers, Paramount Pictures and Fortune 500 companies.
"Reputable air charter brokers will always be in business; they have relationships with their customers as well as with air carriers; it's a team effort," says Wayne J. Rizzi, founder and CEO of Air Royale. "Air charter passengers want to deal with honest air charter brokers who have a proven track record of arranging safe, secure chartered flights. I know there are brokers out there that may not be what they claim to be, but I also know plenty who serve the aviation industry with integrity. This is a people business and it requires aviation expertise and customer follow-up."
Please email your feedback, news tips or press releases to CharterX news editor Karen@CharterX.com.
Petermic
Morning, The link I put in my previous post was very disturbing to me as well. Also, several on this board, including myself are getting no replies from CAJT.
But im not calling them fraud as of yet, but will be contacting companies from article, in order to verify information. Hopefuly, others here will as well so we have all the facts, whether pro or con.
Only with all information can a small investor have a chance in this market of today. Thanks and Good Luck To All!!
Newtrader
Dear CNBC:
You have an advertiser, Connect a Jet, a pink sheet stock being heavily promoted, including on CNBC.
This company has been exposed as a fraud and a scam by a reputable industry participant. It's important that you cease aiding this fraud.
www.charterx.com/resources/article.aspx?id=2946
Thanks for your attention.
thanks for that i didnt get a chance to read that ,, but i appreciate the heads up,, on that ,, whats ure feeling about that
Did you not read the link in the prior post? Seems like all or most of the CAJT partners deny being partners! They are almost being accused of lies and fraud.
www.charterx.com/resources/article.aspx?id=2946
patience will pay off with some good news here some day,, just have to sit back and eat popcorn and watch the movie,, good luck and god bless,, oh i forgot drink alot of water stay in shade and carry a big stick,,
Very interesting! Time for Mr. Cantu to speak up! Good question is where the money is coming from to pound ads on CNBC?
This link is a must read , concerning information on CAJT.
I am having problems entering link, would someone please type in and enter link for convenience of others. Thanks and good luck all.
www.charterx.com/resources/article.aspx?id=2946
Newtrader
Cowpatty.
Pink sheets.com list transfer agent as
Mahhattan Transfer Registrar
57 Eastwood Rd
Miller Place, NY 17764
Ph 631-585-7341
Good Luck
Newtrader
Does anyone know who the transfer agent is or will be? Also Is the Martin Cantu listed as CEO, Martin T. Cantu or some other Martin Cantu? Do we have a resume for this Martin Cantu?
If CAJT is legitimate, of which I think it it is, CAJT and share holders are sitting on a gold mine of travel service! Expedia, Travelzoo, CTRIP comes to mind! CAJT has the potential to greatly expand beyond simply "charter jet service"! Let us hope they execute on this travel platform! My big question is with such a great product/service, why not seek a more traditional entry with major exchanges to approach the publicly traded markets such as NAS., AMEX, NYSE.? Pink Sheets cast a shadow of apprehension from serious investors!
Can expound on GS being behind CAJT, or were you just making a funny?
careful
http://www.thestockpic.com/2007_06/
check the stocks they have profiled begore.. where are they now?
This email is from a friend of mine who is a pilot for a charter company in the Los Angeles area. FWIW
Good luck
Kemosabe
don't think CAJT is functional yet. They are only in the beta test right now. I think the company is trying to generate interest from customers first then go to the charter companies with their possible client list. Like i said its a good concept not sure who is running it, need more due diligence.
Couple things bother me about this company...1)Found out about it from midnight fax....2) The commercial IS pretty impressive but the size of the Ticker symbol at the end of the commercial bothers me somewhat....I've been burnt couple of times with scam stocks so I am somewhat apprehensive...However, scams are basically ALL talk and no action...to put a commercial on CNBC IS pretty impressive..I would imagine that another midnight fax will be sent out in the middle of the night which should raise this puppy again...sure sounds like a great idea....
While we await the OS /AS facts along with the Float of CAJT,
keep your eye on TFZP. Inovative product !
Good luck to all.
Ps. I think GS is behind CAJT too.
Does anyone have infor on number of shares outstanding, and float, issued by CAJT mgnt? My understanding from David Donlan in Ivestor relations there was 178 Mil shares outstanding, but didnt know Float Share numbers. Your input on this would be much appreciated. Thanks!
Newtrader
Cypressknee.
Thats great. Guess I misread your post. Hopefully his return call will be more timely than others have received, from reservations dept, Company offices, Or investor relations . Even though my return call from David Donlan earlier this week was very prompt. But not very informative. This isnt Davids fault in any way. Was very forthcomming with all infor he had. But was honest with me in that he had very little information. Good Luck All.
Newtrader
Mr. Cantu's call will be in regards to the stock. He is not going to book my flight. lol
Cypressknee.
You mean you finally got a real person in reservations?? And Mr Cantu the CEO of this company is going to call you back concerning a reservation!!!! This makes no sense to me that CEO would handle such a call. Just my opinion! Good Luck.
Newtrader
Got a call from another rep. She will provide my charter quote Sat. She said they are very busy and receiving hundreds of calls per day. Feeling a little better about having invested.
Thanks for the up date.
Just spoke with a rep. SHe took my flight request and said Mr. Cantu would be calling me shortly. Things looking up!
Katti
Their commercial is very professional on CNBC, and running more spots than most established sucessful business.
But before you get to enthusiastic! Please call IR, and go on site try to book a private jet, Then call company and see if you get any responce. If so would appreciate your sharing infor with board. Thanks, and Good Luck
Newtrader
hey just saw a commercial on CNBC for this.was $7.00 at one time wow..
Kemosaba
I do think if SEC isnt watching, they will in near future if CAJT continues to respond to investors and customers as they are as of today.
Still running the professional adds on CNBC, But seems not to be responding to any investor or customer request in any way. Hope Im wrong but this may be the pink sheet stock of the year, doing blatent stock manipulation.
Im very carefull about bashing, but I think this is a major train wreck just around the corner, And the shorts and insiders will pick up all the profitable pieces.
Good Luck To All !!
Newtrader
Martin Cantu is the CEO of Connect-A-Jet.com, Inc.
Hope this helps.
I'm considering investing in CAJT. Can anyone tell me who the CEO and/or board members are? I didn't find them listed in the IBOX
newtrader2007 I concur on what you stated. I wonder if the Feds are watching this outfit? What I can't understand, is why are you advertising on national TV, and other media, albeit you aren't even open for business.
Ciao
Kemo
Left message on Mr. Cantu voicemail. No call back yet. Also, when I called CAJT I pressed 0 and got "Thank you for calling AFM you've reached general delivery mail box please leave message" So I did and said I'm in need of info on CAJT and that I would like to book a flight!
Thanks newtrader,I try to stick to my guns
when it comes to investing ,Im not going to sugar coat it just
in an attempt to make a buck,I see some red flags that need some attention .Till then,Im on the side lines.Id sure like to now where all the employees they said they hired are located for starters,and why a real live person has yet to pick up the phone.
Seems to be another up day on PPS. I feel the only things moving share price at this time is the add in USA today, The CNBC adds, and very fluffy PRS from the company.
Imialover good to hear you have made a few on this stock, and agree is time to get out for downhill slide.
I just cant believe how his company is doing so much advertising and promoting this stock, and site not even up and working yet! Just my opinion. Good luck to all.
Newtrader
cypressknee.....Hmmmmm Sounds like a generic reply lol
Thank you for all of your input!
Ciao
Kemosabe
Email response from IR:
"The online platform is in the final testing phase and should be completed within the next 60 days according to the company. As for a lack of information, I apologize. Our company has been contracted to take calls from shareholders and prospective investors but we are only able to tell you what is already out there on pinksheets.com and the company's corporate web site - which is not much especially since CAJT is a non reporting pink sheet company.
Thanks for your interest...David Donlin"
I just sold mine,I will not get back in till some questions are cleared up.Im all for making $ and in fact have been in and out twice now and came out in the green ,but Im not going to stay in
here till we get clarification on their business.It was my bad not to have done better DD.At this point I feel fortunate to have gotten out with gains.
Have you called the number?
Have you spoken to IR,or tried calling Mr. Donlin?
zoofire surely you can bring more to the table than just posting every time you see a CAJT add on CNBC,or a news paper.
Why dont the answer the phone????
How do you feel about that????
ZOOFIRE,whats your take on getting a 'mail box'
when you call the number posted yesterday????
Thanks cypresslnee,and thanks for jumping on this in search of good DD.Im with you,this is a GREAT business model,and could really be huge if done "right",let me add that when I say I cant get a agent it was by phone,not over the web,perhaps you can on line,I also have not heard any thing back from IR as I mentioned yesterday I had left my number on Mr. Donlins MAIL BOX.
Exactly! I'll let you know what IR has to say about their service.
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