Flying Eagle PU Technical Corp. (fka FEPU)

[Mark]

It can go, just needs interest Lefty... Hope all is well with you.

[lefty18]

Up 20%. This stock kicks ass.

[Mark]

Grabbed a few more here on Friday's dip....appears someone wanted out.

[lefty18]

The party train sounds like a winner. Imagine if that was merging into SOON...

[mgland]

Rail idea being resurected. We are out of this from what I read in the Q
May 22, 2:47 PM EDT

4 plans compete to provide LA-Vegas train service

By DAISY NGUYEN
Associated Press Writer
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LOS ANGELES (AP) -- Competition to provide passenger train service between Southern California and Las Vegas is heating up, even though the last such effort to carry fun-seekers across the Mojave Desert was derailed by a lack of customers.

For years, backers of a proposed magnetically levitating train running from Disneyland to Las Vegas have traded barbs with a rival project that would take tourists from the California desert town of Victorville to the Strip on a high-speed train dubbed DesertXpress.

The "maglev" supporters call DesertXpress the train to nowhere because it wouldn't fully reach Southern California's population centers. Privately funded DesertXpress counters that a levitating train is a pie-in-the-sky concept that would cost billions in taxpayers' money.

Recently, two new companies have been touting party trains that promise to shuttle people from downtown Los Angeles to Las Vegas on existing track. They're fighting with each other over who came up with the idea first as they bid for railroad contracts.

Of the 36.4 million visitors to Las Vegas last year, 26 percent came from Southern California and a majority used ground transportation to get there, according to the Las Vegas Convention and Visitors Authority.

Even with a slump in Las Vegas tourism due to the recession, airline flights fill up on weekends and congestion on the main highway between the two regions is legendary.

On some days, the 270-mile, four-hour drive between Los Angeles and Las Vegas can stretch into a six-hour or longer grind in heavy traffic in the middle of nowhere. In real life, the groom in last year's bachelor party farce, "The Hangover," probably wouldn't have been able to speed back to LA in time for his wedding.

"There is demand for another form of transportation since these other forms are so congested," said Mary Riddel, an economics professor at the University of Nevada, Las Vegas.

Last month, Las Vegas Railway Express announced plans to acquire double-decker passenger cars and convert them into casinos on steel wheels. The proposed "X Train" would feature a sports bar, sushi bar and entertainment to keep passengers amused during the roughly 5 1/2-hour ride. An executive said a round trip on the "X Train" would cost about $99, and floated the possibility of allowing riders to gamble as soon as the train crosses the state line into Nevada. He predicted the train could start running by mid-2011.

A website for the train, featuring the disco funk sound of The Gap Band's "Party Train," shows computer renderings of the cars' interiors looking a lot like the lobby of a hotel casino.

Not long after X Train's announcement, a rival claimed the idea of a luxury train was stolen by X Train executives who looked at the business plan for the Z-Train (Its motto: "Once Z-Train starts, Z-Excitement Never Stops").

"We think we have the best plan, we're going to be most viable in the long term," said Bruce Richardson, a spokesman for Z-Train.

Richardson said Z-Train plans to target upscale passengers by providing gourmet meals, art exhibits, book signings, fashion shows, among other things. Tickets would cost about the same as airline tickets.

"We believe brand X is looking for a customer looking for a coach seat and a beer," Richardson said. "We're going to offer something that'll rival a private jet experience. We believe that our services are going to be so desirable that when the train gets to Las Vegas it's not about why it took so long to get there, it's a question of 'Oh, do we have to get off the train already.'"

The companies are locked in a legal battle while they face a bigger challenge in trying to convince Union Pacific Railroad, which owns a majority of the tracks between Los Angeles and Las Vegas, to let them use the right of way. Concerned about growing publicity about the party trains, Union Pacific issued letters last week denying it has had any serious negotiation to allow either company to operate on its tracks.

Union Pacific also does not endorse and will not allow gambling on its tracks, Jerry Wilmoth, the railroad's general manager of network infrastructure, wrote in the letters.

"If UP doesn't want gaming then we won't do it," said Michael Barron, chairman of Las Vegas Railway Express.

The concept of a party train to Nevada's gambling meccas isn't new.

Since 1992, a tour agency in Northern California has organized an annual winter "Fun Train" from the San Francisco Bay area to Reno, allowing passengers to dance and drink along the ride.

About six years ago, Amtrak asked the agency to operate a similar train from Los Angeles to Las Vegas to revive a train route it ended in 1997 due to declining federal rail subsidies and Amtrak budget problems.

The fun train to Vegas ended after one run.

"We got maybe six cars filled out of nine, we actually lost a lot of money by doing it that year," said Darrel Saunders, groups and reservation manager at Key Holidays.

Despite an advertising campaign in the local press, not enough people signed up, he said. Those who did complained about the six-hour ride and a lack of scenery on the desert route.

"People said there was nothing to see, which there wasn't," Saunders said. "We tried our best and did everything we could to get it to go. We got it to go but not with the amount of people that we needed to go."

----

On the Net:

http://www.canv-maglev.com/

http://www.z-trainltd.com/

http://www.xtrainvegas.com/

http://www.desertxpress.com/

© 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy.

[lefty18]

The promising part is that they continue to file and the share structure is very low. The Georges EmmerSon Caza part hasn't changed since last quarter. I haven't been able to find anything about Caza. What business is he involved in?

[53chevy]

Latest 10Q just filed............

"We now have an oral agreement with Mr. Georges EmmerSon Caza, of Beijing, China, regarding his obtaining control of our company."

http://www.sec.gov/Archives/edgar/data/861370/000101054910000323/sooner10q033110.htm

[lefty18]

I thought we had some potential here. The Cunninghams have been a major disappointment. What a waste of time this has been.

[LGL8054]

Look like this could be slow for the next year,
BM42 @ .18

As of February 8, 2010, there were 12,688,016 shares of the Registrant's
Common Stock, $0.001 par value, outstanding

[53chevy]

10Q filed; looks like Caza still wants the shell that McKay walked away from........he was always the money man for McKay anyway

As reported in our Form 10-K FYE 09-30-08 and as filed with the Commission
on a Form 8-K on July 28, 2008, we had signed a change of control contract with
Mr. Glen McKay of Toronto, Canada which, if the agreement had closed, would have
resulted in the company's pursuit of a business plan involving the purchase of
the monorail system in Las Vegas, Nevada, building of a high-speed railroad
between the monorail and an area near Los Angeles, California, and the
development of real estate opportunities in the adjacent areas.

The contract with Mr. McKay expired by its own terms without the change of
control having occurred.

We now have an oral agreement with Mr. Georges EmmerSon Caza, of Beijing,
China, regarding his obtaining control of our company. Mr. Caza proposes to
acquire several Chinese companies as subsidiaries of our company. The specifics
of his proposal are not yet determined. Until we enter into a formal agreement
with Mr. Caza, we propose to carry out our plan of business as first discussed
above. We cannot predict to what extent we might incur further operating losses
through any business entity, which we may eventually acquire.

http://www.sec.gov/Archives/edgar/data/861370/000101054910000078/sooner10q123109.txt

[LGL8054]

The State of Nevada received No FED Funds because the politicians DID NOT APPLY FOR THE GRANT for the Train, another screw up.

$8 Billion down the drain.

[LGL8054]

Tampa To Orlando Fla. 8 Billion from the FED's

[lefty18]

We're back on the Caza train. Please find us a thriving business for this promising shell, Mr Caza!

We now have an oral agreement with Mr. Georges EmmerSon Caza, of
Beijing, China, regarding his obtaining control of our company. Mr. Caza
proposes to acquire several Chinese companies as subsidiaries of our company.
The specifics of his proposal are not yet determined. Until we enter into a
formal agreement with Mr. Caza, we propose to carry out our plan of business as
first discussed above. We cannot predict to what extent we might incur further
operating losses through any business entity, which we may eventually acquire.

[lefty18]

Ah, thanks. I wasn't expecting it this soon.

[Mark]

SOON, 10K just out, have not had a chance to review it.

[lefty18]

Merry Christmas Sooner holders! Here's to hoping that the Cunninghams finally make this the year to remember for Sooner Holdings.

[The Rainmaker]

Might want to look at LCPM, they just announced a train deal... X train to Vegas. Not sure if this is the same guys SOON was talking to. They say train will go from Fullerton Ca to Vegas. Don't think they have the tracks built yet. Can't figure out what those X train guys are talking about.

Posted by: timmage Date: Tuesday, December 08, 2009 12:03:40 PM
In reply to: The Rainmaker who wrote msg# 16907 Post # of 16935 [Send a link via email] [Share on Facebook] [Tweet this post]
I remember SOON and the railroad, wonder who these guys are:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44302494

Posted by: Dream Date: Tuesday, December 08, 2009 11:47:08 AM
In reply to: RIGATONI who wrote msg# 134065 Post # of 134081 [Send a link via email] [Share on Facebook] [Tweet this post]
LCPM Check this out....

http://www.lasvegasrailwayexpress.com/

The "X Train" Inaugural New Years Eve. 2010 Run Will be an Historic Event! There has been no passenger rail service between these two demographic areas for almost 40 years! Join us for the celebration!

NOTICE IS HEREBY GIVEN that a Special Meeting of Liberty Capital Asset Management, Inc., a Delaware corporation (the “Company”), will be held on January 4, 2010, at 9:00 a.m. Pacific Daylight Time at the company’s offices located at 2470 St. Rose Parkway, Suite # 314, Henderson, Nevada 89074, for the purpose of considering and voting upon the following matter:


(1) To elect three directors of the Company to serve until the next annual meeting and until their successors are elected and qualified;


(2) To approve the Asset Purchase Agreement between Liberty Capital Asset Management, Inc. and Las Vegas Railway Express;



(3) To amend the Articles of Incorporation to effectuate a name change from Liberty Capital Asset Management, Inc. to Las Vegas Railway Express;



(4) To approve the adoption of the amended bylaws of the corporation changing the corporation’s primary business as amended in Proposal 2 ;



(5) To amend the Articles of Incorporation to increase the authorized common stock from 75,000,000 to 200,000,000;



(6) To ratify the appointment of Hamilton P.C., as independent auditors of the Company for the fiscal year ending March 31, 2010; and


(7) In their discretion, the Proxies are authorized to vote upon such other business as may properly come before the meeting or any adjournment or adjournments thereof.

[lefty18]

I like the sound of that. There are only 3 MMs below $5.00. When the deal gets done, this will move fast.

[ARBITRARY & CAPRICIOUS]

More selling...is the deal toast?

[Jitz]

looks like somebody stepped up to buy the cheap ones late on,

its getting to the time we will know one way or the other.

GL
Jitz

[lefty18]

It looks like some of the natives are getting understandably restless. Here's the buying opportunity for anyone hoping for a Christmas sale.

[Jitz]

someone liquidating? hopefully it doesnt point to the deal being off in the upcoming 10Q. eek!
could be a shake - gonna hold on anyway

[SOROS]

I hear McKay is still in there fighting. If he wins, it's multiple dollars, but that's the gamble, eh?

[ARBITRARY & CAPRICIOUS]

Is SOON still in play here? What ever happened to characters like McKay and Tripp. Is there any viable hopes of a deal or is the off and on optimism just to allow folks to slip out at reasonable levels.

Thanks

[Mark]

Looks like someone wanted out today...peanuts though...

[lefty18]

Me too Mark. Friday was a very encouraging day. Everything under .30 is getting gobbled up.

[Mark]

Hey Lefty, nice to see you here. Still holding my shares in this one....

[lefty18]

What a day here so far! There aren't too many shares left between .34 and the dollars.

[LGL8054]

LV SUN NEWS PAPER

Maglev money sparks a Gibbons-Reid quarrel
By J. Patrick Coolican (contact)

Friday, Sept. 18, 2009 | 2 a.m.


Chris Morris

Beyond the Sun
■Read the press release from Gov. Jim Gibbons' office
Sun Archives
■High-speed rail competition heats up with new funding (9-16-2009)
■Beyond Victorville: Coloradans covet high-speed rail, too (9-14-2009)
■DesertXpress train aiming for March construction start (9-1-2009)
■Forum to address DesertXpress train proposal (6-28-2009)
■High-speed train plan gets notice in D.C. (6-24-2009)
■Public or private, rail line will need major subsidies from government (6-14-2009)
■Maglev or DesertXPress, this could be your new ride (6-14-2009)
■Trade-offs between technologies include speed, cost (6-14-2009)
■Maglev train to press on without Reid (6-10-2009)
■Reid sides with Desert Xpress fast train option (6-9-2009)
■State sends no representative to talk on high-speed trains (6-5-2009)
■Obama outlines vision for high-speed rail network (4-16-2009)
■8 states seek stimulus money for high-speed rail (4-15-2009)
■No waste in rail dream (3-5-2009)
■Economic crisis an opportunity to be greener (3-1-2009)
■Vegas, Midwest seek the $8 billion for fast trains (2-23-2009)
■Calif. bond would launch bullet train project (9-26-2008)
Sun Coverage
■Archive of Sun transportation stories

Friday, Sept. 18, 2009 | 2 a.m.
When Senate Majority Leader Harry Reid announced his support for DesertXpress over a magnetic levitation train this summer, it seemed to end Nevada’s long-running train feud.

Reid was frustrated with the sluggish pace of planning for the maglev, envisioned as a $12 billion, publicly financed 300 mph dynamo that would carry passengers between Las Vegas and Orange County.

So Reid settled on DesertXpress, the 150 mph privately operated train financed in part with government loans that would travel to Victorville, the high-desert outpost 80 miles from Los Angeles.

But government programs can be Rasputin-like, such that even when one of the most powerful figures in Washington declares them dead, they stagger and stammer, but remain alive.

The train war has taken on new importance with President Barack Obama’s initial $8 billion investment in high-speed rail — the largest rail investment since the transcontinental railroad — to be spent on designated corridors, including Las Vegas to Southern California.

Nevada Gov. Jim Gibbons gave the flagging maglev some life this week with a news release claiming that the Federal Railroad Administration had approved a work plan, to be followed soon by $45 million in contracts, which would “enable final design, engineering and environmental approvals necessary to build the starter segment of ‘the fastest train in the world’ right here in Nevada.”

This had Nevada political and transportation circles buzzing, given Reid’s stated preference for DesertXpress.

Confusion and political infighting followed.

The Federal Railroad Administration “has made neither an award nor an announcement with regard to funding for maglev development in Nevada,” a spokesman said.

No doubt the agency wanted to avoid irritating Reid.

In fact, the money appears to be on its way now, after it was buried in a 2008 federal transportation funding measure, back when Reid supported maglev.

Gibbons’ office released e-mails from this summer that appear to show the Nevada Transportation Department corresponding with federal officials and attempting to clear up technical issues so the money could be released.

Gibbons, who is running for reelection in 2010 in a crowded Republican field, used the dust-up to take a shot at Reid, who is held in contempt by Nevada Republicans.

“Sen. Reid needs to walk his talk and do what is best for Nevada,” he said in a statement. “I am mystified by the fact that he is standing in the way of a project that will help working families and those families dealing with unemployment. I am trying to create jobs and stimulate the economy in Nevada. Sen. Reid should do the same.”

Gibbons’ shot at Reid isn’t merely political. It’s also personal. Republican image-maven Sig Rogich, a key DesertXpress backer, helped Gibbons win the 2006 election, but the two are now estranged. Rogich now leads a group of high-powered Republicans supporting Reid.

Reid spokesman Jon Summers shot right back at Gibbons, citing maglev supporters’ failure to get the project moving: “We have been talking about maglev for 30 years and Sen. Reid had been a supporter for a long time. But we have seen more progress by DesertXpress in the last couple of years than we have seen from maglev in three decades.”

Summers continued: “DesertXpress is set to break ground in the near future and stands to put Nevadans to work much sooner than maglev. This is another example of Gov. Gibbons picking political fights, and misleading Nevadans in an effort to distract from his own failed leadership.”

The political intrigue is even richer: Reid’s son, Clark County Commission Chairman Rory Reid, is the likely Democratic nominee for governor, and the opponent Gibbons would face should he prevail in the primary.

Neil Cummings, president of American Magline Group, said that with the necessary environmental, engineering and design work for the maglev to Primm, the company can begin the process of securing financing from public and private sources to build it.

Sun reporters Lisa Mascaro, David McGrath Schwartz and Richard N. Velotta contributed to this story

[LGL8054]

Morning Paper--------------------------------------------------------------------------------
Maglev train plan takes a puzzling turn
the magnetic levitation train proposal appeared to glide ahead of its rival desertxpress when the governor announced wednesday that the federal railroad administration released $45 million to nevada transportation officials to begin the project. but the "MAGLEV" train's momentum was stalled thursday when the railroad administration made an announcement of its own: gibbons' declaration was not true. "the federal railroad administration has made neither an award nor an announcement with regard to funding for MAGLEV development in nevada," said spokesman mark paustenbach. MAGLEV is competing with desertxpress to provide residents a high-speed train between southern california and las vegas. gibbons' spokesman, daniel burns, a...
http://www.lvrj.com/news/maglev-train-plan-takes-a-puzzling-turn-59721052.html 09/18/2009

[righty]

lol REMAIN CALM SIR LOL

[53chevy]

30's hit! SWEEEEEEEEEEEEEEET!

[53chevy]

LOL! Several of us are, or I wouldn't be holding the volume I am!

[righty]

I am playing "follow the rich white guy"

[berge]

lol....

[53chevy]

What the devil are you talking about? Your name isn't anywhere on the L2 screenshot!

[$BL$]

l2 has my name on the bottom how are you getting my l2 reporting you to ihub now!!!!!!!!!!!!!!!!!!!

[berge]

sure would appear that way....I always like "under the radar" buying... good sign

[53chevy]

There's some serious volume lately, pretty much going on under the radar. Something is definitely up!

[berge]

very sneaky buying, almost no bids showing...yet a lot of buys

[53chevy]

I'm showing 10 on the BID (LOL! - good luck with THAT!).........and I wonder how many it takes to clear out 34 & 35? Awfully green after that!

[berge]

L2

[TraderDog]

I see we are getting some slight volume the past 2 days. I would bet that someone has some info that will drive the stock into "go" mode.

[righty]

yes indeedly doodly, I have been mulling this over most of the day, makes no sense if it's a dead deal.

Fingers crossed on what has to be the biggest nail biter spec play of the year.

NO FEAR

[MinnieM]

SOON...That's an interesting bit of news. Thanks for posting it. I may have to reajust my sell order higher. Just a gut feeling. ;)




In Reply To '53chevy'
***Holy Crap! Someone just moved an $80K order through as ONE block! Order went through at 21c while BID/ASK was showing 15 x 26....and the BID/ASK never moved.....

Seems like a buy from the controlling MM's personal "stash" of shares, as that kind of volume at the pps sold surely should have been visible on the BID.........something good may be up, I hope, for someone to absorb that many shares all at once. ***

[53chevy]

Putting the marketable float below 2M shares, leading into news........

[lefty18]

Yeah the lower the float, the more attractive the shell becomes to a big buyer. It will also make this even thinner than it already is.

[53chevy]

Good to hear frrom you, Righty! Keeping my eye on EDGAR!

[53chevy]

That sale represented 15% of the float........and you only buy that many if you feel it will turn a profit. I hope it was Trip who made the deal!

[righty]

very interesting good eye chevy!