Gold Hill Resources Inc. (fka GULD)

[10 bagger]

Third request.. This was in one of thier PR Releases.. Is it true..???

In reply to: righty who wrote msg# 176 Post # of 236

Could you answer please..Where does it produce.. Does it have any production income..?? hank

I Follow: BBW.ax..http://investorshub.advfn.com/boards/board.aspx?board_id=15231..

Also:MMGW: http://investorshub.advfn.com/boards/board.aspx?board_id=5913

You posted: "Green Star Alternative Energy is an environmentally conscious, renewable energy producer.."

Where does it produce.. Does it have any production income..?? hank

[janice shell]

Really? And who is "Mike Andric"? Um, he's your new CEO.

[Rhubarb]

I fail to find any relavent connection between this company
And Mr Hammond

Issues with PXCE are not relavant to this stock board

If they were, i expect completion of the 14c may resolve many
of your issues

More On the forum topic of this thread

There are many notable companys both doing buisness as well
as encouraging buisness and investment In Serbia

http://www.siepa.sr.gov.yu/site/en/home/2/success_stories/

Much of it Seams to be stimulated by the countrys signing

of the Kyoto protocal in 2007

http://www.jeffersoninst.org/Documents/serbia_policy_paper.pdf


http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article3533101.ece

[janice shell]

Here's an even more interesting read:

SEC puts brakes on questionable B.C. stock deal

By David Baines, Vancouver SunMay 1, 2009
http://www.vancouversun.com/Technology/puts+brakes+questionable+stock+deal/1552525/story.html

A stock deal engineered by controversial B.C. chartered accountant Les Hammond has gone from ridiculous to sublimely ridiculous.

In September 2007, I reported that Hammond and a longtime associate, Mike Andric, had formed a company named Pax Biofuels Ltd. The company was incorporated in Delaware but run out of Hammond's home in North Saanich.

According to a registration statement filed with the U.S. Securities Commission as a prelude to going public on the OTC Bulletin Board in the U.S., Pax was going to raise money to build a biodiesel plant in Serbia, of all places.

The registration statement showed the proposed plant was just an idea. The company had no design, construction or operating contracts in place.

It was also unclear how the company was going to finance the project. The estimated capital cost was $5 million to $50 million, but the company had only $23 in its bank account.

Also, Hammond and Andric were former associates of Rakesh Saxena, who had fled to Vancouver after Thai authorities accused him of embezzling $88 million US from the Bangkok Bank of Commerce.

Neither Hammond nor Andric were accused of any wrongdoing, but there was no question they were keeping bad company. Saxena has spent much of the past decade shilling worthless bulletin board stock while he fights extradition to Thailand.

Hammond is no stock dabbler, either. He currently works as vice-president of mergers and acquisitions for Penn Capital Canada Ltd., a Vancouver firm that helps companies go public and raise capital.

Penn's "senior corporate counsel" is Vancouver lawyer Michael Seifert who, in a 1999 settlement agreement with the B.C. Securities Commission, admitted to illegal insider trading through offshore accounts and agreed to a $450,000 fine and a 12-year stock market suspension.

That suspension includes an agreement not to act as solicitor for companies that file documents with the B.C. commission or the TSX Venture Exchange until December 2011.

Meanwhile, the B.C. Law Society -- which is just now getting around to dealing with this matter -- has recommended Seifert be suspended from the practice of law for two months and assessed $25,000 in costs, but that has yet to be ratified by the hearing panel.

I don't think there was ever any question that Hammond is more interested in structuring stock deals than running a biodiesel plant in Serbia.

I think the project was simply a pretext for creating a nice, tight shell (Hammond and Andric ended up with more than 90 per cent of the stock) for some yet-to-be-determined promotion.

Sure enough, in December 2008, Pax announced it had been "unable to locate transactions in the biodiesel industry that were on terms favorable to us" and was therefore going to look for opportunities in the "clean energy market." Accordingly, it changed its name to Pax Clean Energy Inc.

But in February this year, the company switched gears and announced it is going to acquire Mobile Video Development, Inc., a New York-based company that is developing technology to enable mobile device users to share videos and pictures.

The acquisition is structured as a reverse takeover: Pax will issue so many shares to the shareholders of Mobile Video Development that they will become the controlling shareholders.

No financial statements have been provided and there is no indication that the company to be acquired has any operating history. But Hammond said that if his projections come true, the company would be worth $5 billion by 2010, a laughable proposition.

Stimulated by paid Internet hypesters, the stock rocketed to $9.99 by Tuesday. With 17.6 million shares outstanding (assuming the merger deal is completed), the company's total stock market value was now a fanciful $175 million US.

At that point, the SEC stepped in and issued a cease-trade order.

"Questions have been raised regarding the accuracy of publicly disseminated information concerning, among other things, an acquisition by the company, the value of the company after the completion of the acquisition, and the company's current and future financial condition," the SEC stated.

"The commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above listed company."

The cease-trade order lasts for 10 business days, or until May 11.

I couldn't reach Hammond on Thursday, but he earlier told Canada Stockwatch reporter Mike Caswell he had no idea why the SEC halted his company.

"I've got my lawyers speaking to them. If there is anything inaccurate, I'd like to know what it is," he said.

Accuracy is not the question. It's the paucity of information, and a deck of shares sorely stacked in favour of insiders.

[e-mail]

http://www.vancouversun.com/Technology/puts+brakes+questionable+stock+deal/1552525/story.html

[janice shell]

PXCE isn't; GSAE is, though I think the SEC should have suspended both.

[Rhubarb]

Interesting reading here !

OSCE Mission
Energy security is vital for the sustainable economic development and stability of a country. The inability to access energy
resources causes serious economic disturbances and political instability. In conditions of a global economy, disturbances
easily spread, precisely why it is of crucial importance to ensure energy resources on a lasting basis and to invest efforts to
reduce so-called energy poverty which affects transition and third world countries the most. The problem can be resolved
with the introduction of alternative, i.e. renewable energy sources. This would largely mitigate the problem, and would
produce the positive effect of assisting local economic development and the reduction of the emission of greenhouse
gases. However, what is needed for a successful solution is awareness about the existence of the problem, political will and
the ability to implement the solution.
The Organization for Security and Cooperation in Europe (OSCE) rallies 56 countries and, within its mandate in Serbia, since 2001
it has had the task of promoting and assisting the country’s comprehensive development, its full democratization and economic
sustainability. This is to enable partnership relations with neighboring countries and the country’s efficient inclusion in processes
of integration, with the implementation of the principle of sustainable development in the broadest sense of the word.


What measures has the OSCE Mission to Serbia
and Montenegro taken to draw the attention of the
authorities, as well as domestic and foreign investors to
such possibilities for investing?
- The OSCE Mission in Belgrade is endeavoring to offer
Serbia support for sustainable economic development. For
this reason it is promoting the potentials of renewable energy
in Serbia and it wishes to attract investors to invest in this
field. The OSCE – Mission to Serbia has established Serbia’s
potentials in renewable energy sources so as to bear influence
on the domestic professional public and the authorities
to create as best conditions as possible for enabling fresh
investments in this sector. In this manner we wish to stimulate
the development of the regional energy market, whereby we
also insist on renewable energy sources

http://www.promoney.rs/maj2008/OEBS.pdf

[stoxrock]

ROCK STEADY JANICE: SCAM ALERT IS ON..

[Rhubarb]

GSAE 3.25 x 3.30 last trade 3.22

[10 bagger]

Is it still trading..???

[PIZZABUSTER1]

are u putting youre seal of opinion on it

[janice shell]

the stock looks poised for a move upward though

Not for long, I'll bet. Both it and PXCE stink to high heaven.

[scion]

Market Medias was compensated $25,000.00 cash, for ONE month's service (April, 6th, 2009 to May, 6th, 2009), by a third party,
for the (GSAE.PK) profile, MARKET AWARENESS, "company material" and advertisement's regarding (GSAE.PK).

http://investorshub.advfn.com/boards/irp.aspx?userid=74525

[greedy__malone]

The profiles in this website or in "company material" are believed to be reliable; however Market Medias disclaims any and all liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of material facts from such advertisement.

Okay, so are we to believe that you will present any and all info you are given without determining the accuracy of such information and then disclaim any and all responsibility to the general public who you are targeting with such info?

[JJdivini]

Wow! Huge day.....

GREEN STAR ALTERNATI(Other OTC: GSAE.PK)
Last Trade: 3.40
Trade Time: May 1
Change: +1.16 (51.79%)
Prev Close: 2.24
Open: 2.60
Bid: N/A
Ask: N/A
1y Target Est: N/A
Day's Range: 2.60 - 4.05
52wk Range: 0.50 - 5.10
Volume: 19,930
Avg Vol (3m): 4,252.38
Market Cap: 89.25M
P/E (ttm): N/A
EPS (ttm): -0.01
Div & Yield: N/A (N/A

[righty]

read the disclaimer "g"

and get your facts straight

[greedy__malone]

righty do you or do you not stand behind your posts as being accurate and current?

Major questions have been raised, Market Media IHUB posters were, and are still posting dozens upon dozens of posts daily on multiple MOMO boards.

What has Market Medias done to ensure the GSAE info is accurate and current based on what transpired at PXCE and how these two companies are associated in more than one way?

It's a fair and valid question in light of the trading suspension on PXCE and the continued juicing of this stock on the typical MOMO boards at a time When a PXCE officer has become the CEO of GSAE and both companies have employed the same IR firm who in turn hired you to promo both companies.

Seems as if the most important thing right now is the protection of investors wouldn't you agree? All compensation aside, can you ensure the general public that your information on GSAE is both accurate and current?

[scion]

http://siriusregulus.com/

[10 bagger]

You post the release and if it's not true you should let everyone know that your client is just pumping trash to move the stock.. hank

You posted a release that contained this info..

You posted: "Green Star Alternative Energy is an environmentally conscious, renewable energy producer.."

Where does it produce.. Does it have any production income..?? hank

[righty]

You are quoting boilerplate precautionary verbiage from a pr.

Not me

[10 bagger]

In reply to: righty who wrote msg# 176 Post # of 236

Could you answer please..Where does it produce.. Does it have any production income..?? hank

I Follow: BBW.ax..http://investorshub.advfn.com/boards/board.aspx?board_id=15231..

Also:MMGW: http://investorshub.advfn.com/boards/board.aspx?board_id=5913

You posted: "Green Star Alternative Energy is an environmentally conscious, renewable energy producer.."

Where does it produce.. Does it have any production income..?? hank

[scion]

Green Star Announces Joint Venture With Notos and Sirius Regulus

SAN DIEGO, December 22, 2008 / -- Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) announces a joint venture with Notos d.o.o. - Serbian wind energy and power trading company - and Sirius Regulus d.o.o., Serbian real estate holding company. Many months of due diligence and negotiations have culminated in a strategic partnership that will give Green Star 51% ownership of all energy assets developed within this alliance.

http://www.greenstarae.com/

Notos d.o.o. - REVENUE PROJECTIONS
File Format: PDF/Adobe Acrobat - View as HTML
Notos d.o.o. - REVENUE PROJECTIONS. Fiscal Year Ended December 31. 2008. 2009. 2010. 2011. 2012. 2013. Revenues. Notos Wind Energy. Sale of Electricity

http://gaskinsco.com/notos-fin.pdf

http://gaskinsco.com/

[scion]

Corporate Blogs and 'Tweets' Must Keep SEC in Mind

Social Media Offer Immediacy and Spontaneity to Communications but Risk Running Afoul of Regulations

APRIL 27, 2009
By CARI TUNA
http://online.wsj.com/article/SB124078135070257099.html

An eBay Inc. effort to broaden communication through the popular TWITTER Web-messaging service highlights the hurdles facing corporate users of online social media.

The online auctioneer launched a corporate blog in April 2008. Two months later, blogger Richard Brewer-Hay began "tweeting" -- posting updates on TWITTER -- about Silicon Valley technology conferences, eBay's quarterly earnings calls and other topics.
[ebay and tweets] eBay

EBay lawyers require blogger Richard Brewer-Hay to include regulatory disclaimers with some of his posts.

The growing TWITTER audience also attracted the attention of eBay's lawyers, who last month required Mr. Brewer-Hay to include regulatory disclaimers with certain posts. Some followers think the tougher oversight is squelching Mr. Brewer-Hay's spontaneous, informal style.

His experience shows the tension that can arise as more companies tap social media to reach investors, customers and others. Eighty-one Fortune 500 companies sponsor public blogs, including Wal-Mart Stores Inc., Chevron Corp. and General Motors Corp., according to the Society for New Communications Research. Of those blogs, 23 link to corporate TWITTER accounts.

On Thursday, a Johnson & Johnson executive reported for the first time on the health-care giant's annual meeting via TWITTER, which allows users to post "tweets" of as many as 140 characters from devices with Internet access.

Such efforts raise thorny questions. Blogs and tweets can run afoul of Securities and Exchange Commission regulations on corporate communications. But sanitizing such posts risks hurting credibility with online audiences.

"This is all new to companies, and they're not sure where they can go," says Dominic Jones, editor of IR Web Report, an online newsletter for investor-relations professionals.
[Twitter] Twitter

Here are some big companies with corporate blogs that link to corporate TWITTER accounts:

Best Buy
Safeway
Cisco Systems
Toys 'R' Us
Dell
Johnson & Johnson
Wells Fargo
Microsoft
Time Warner
FedEx
New York Life Insurance
McDonald's
Oracle
Google
Avnet
Amazon.com
CBS
Texas Instruments
EMC
Monsanto
Whole Foods Market
Newell Rubbermaid
Symantec

Source: Society for New Communications Research

Note: Other big companies may have TWITTER accounts that are not featured on their corporate blogs.

The SEC boasts its own TWITTER account, and encourages companies to communicate to investors via the Web. In July, the commission said companies could disseminate certain information on the Web without issuing a news release.

But even some tech-savvy companies remain wary. Intel Corp. in May will be among the first companies to allow shareholders to ask questions via the Web and vote online during its annual meeting. But the chip maker avoids blogs and TWITTER for investor issues, because it fears violating SEC disclosure rules or inviting public criticism in a company-hosted forum, says Kevin Sellers, vice president of investor relations.

"There's always going to be a person with an axe to grind," he says. "Do we really want to sponsor that?"

Employees' online chatter has created problems elsewhere. Two Texas lawyers last year sued Cisco Systems Inc. and an employee for defamation after the employee in a blog accused the pair of criminal activity in a case against Cisco. The case is pending, and the employee left Cisco voluntarily later last year.

EBay hired Mr. Brewer-Hay in January 2008, as it sought to shore up its reputation among sellers on its Web site. It asked the social-media veteran to be an "internal reporter" to increase transparency and put a face on the company, says Jose Mallabo, eBay's director of corporate communications.

His informal tweets proved popular, attracting 1,400 "followers" today, up from 345 on Jan. 1. During a January conference call, Chief Executive John Donahoe told investors that eBay's Skype Internet-telephone service offered only "minimal" synergies with the rest of the company. "Watch this space," Mr. Brewer-Hay tweeted. On April 14, eBay said it planned to spin off Skype.

These days, Mr. Brewer-Hay is more restrained around financial matters. He posted around 75 tweets from his computer during eBay's quarterly earnings call Wednesday. Most repeated verbatim comments by eBay executives.

Users noticed a change. Mr. Brewer-Hay's prior tweets were "much more personal," says Sue Bailey, a follower who sells jewelry on eBay and writes a blog on e-commerce. In the past, she says, "it didn't feel like eBay tweeting, it felt like Richard tweeting."

Mr. Brewer-Hay says he's trying to stick to the script. "There's much more of a microscope on what I'm doing now," he says.

He and other corporate tweeters say the service offers companies many benefits, with manageable risks. Chuck Hollis, a vice president of corporate marketing at EMC Corp., says TWITTER helps him spread company news and track the opinions of employees, investors and outsiders.

"The immediacy can be breathtaking," he says. "You can't ignore TWITTER as part of your overall corporate social-media strategy, just like you can't ignore Google."

Corporate lawyers say companies should devise a social-media policy before adopting blogs or TWITTER. "All of the traditional ways that a company can get in trouble for making public statements" apply to the Web, says Lisa Wood, of Foley Hoag LLP.

She urges companies to include the standard disclaimers they use in other communications, as Mr. Brewer-Hay now does. Ms. Wood says companies shouldn't disclose financial information on TWITTER that isn't available elsewhere, and should make clear that opinions expressed by others in company-sponsored forums -- like comments on blogs -- don't represent management's views.

Write to Cari Tuna at [e-mail]

http://online.wsj.com/article/SB124078135070257099.html

[scion]

Name Mike Andric
Location San Diego, CA

Web http://www.greenstarae.com/

Bio Green Star is in the business of creating renewable electricity from the power of wind.

http://twitter.com/gsae

[greedy__malone]

With the recent suspension of PXCE by the SEC and considering one of the leaders of PXCE was named CEO of GSAE on the same day PXCE was suspended, coupled with the fact that the same IR firm is working both companies and that IR firm has paid alot of cash to Market Medias, What assurances can Market Medias provide this board that they are utilizing both accurate and current information regarding GSAE?

If no assurance can be made then why on earth is this company being juiced on dozens of MOMO boards similar to the way PXCE was prior to being suspended?

This appears to be very irresponsible behavior based on current events and known associations between these two companies.

[PIZZABUSTER1]

here we go gsae--- just got back i see we got some green to close the week out nicely---

[10 bagger]

"Green Star Alternative Energy is an environmentally conscious, renewable energy producer.."

Where does it produce.. Does it have any production income..?? hank

[Rhubarb]

Why yes, my contract is active,
thank you for noticing that "once" i missed that button
to include disclaimer, Perhaps i should request the post be removed from the board
because i missed that disclaimer click?

Just so no one thinks im attempting to decieve anyone ?

[Buckey]

wow quite a few posts on one stock. It is safe to assume you are being compensated to do so

[scion]

There are currently no wind power projects producing energy in Serbia. (Republic of Serbia - Ministry of Mining and Energy, "Renewable Energy Sources", May 2008). This fact provides the Company with a real and substantial advantage - Green Star will be the first wind energy producer in Serbia, and the Company will help shape the industry on a national level. Green Star will be the first to begin utilizing the 2000+ MW of wind resources available.

At present, Green Star is not aware of any other companies that have received the necessary permission and licensing to begin the process for the construction of wind energy facilities.

GSAE-bp-mar31
Properties -
Created:06/04/2009

Author: Jasmina Radosavljevic

http://www.greenstarae.com/images/stories/pdf/gsae-strategic_plan.pdf

Serbia's Capacity for Renewables and Energy Eciency
February 2009

7. The government of Serbia should shorten and simplify the complex series of permits necessary for wind and solar farms, and mini-hydro plants.
[...]
There is some potential to use wind energy in Serbia and currently the Ministry for Science and Technology Development is producing a wind atlas of the country. In the city of Vlasna, there is a 1 MW wind generator. Likewise, the municipalities of Kovin, Pancevo, and Bela Crkva have signed contracts in this area with private companies.
However, again the lack of a regulatory framework is holding up rogress.

www.jeffersoninst.org/Documents/serbia_policy_paper.pdf

[Rhubarb]

GSAE Prints 3.85 UP 71.9%

[righty]

Nice find

[scion]

Requests and inquiries regarding this business plan should be directed to GSAE
via the following contacts:
Green Star Alternative Energy Inc.
J. M. De Castro
Chief Financial Officer
1-866-955-4723
Email: [e-mail]

GSAE-bp-mar31
Properties -

Author: Jasmina Radosavljevic

http://www.greenstarae.com/images/stories/pdf/gsae-strategic_plan.pdf

CHAMBER OF COMMERCE AND INDUSTRY KRAGUJEVAC
Dr Zoran Djindjic 10/IV, 34000 KRAGUJEVAC
Tel:[phone] - 805 Fax: [phone] - 049
e-mail:[e-mail]

Jasmina Radosavljevic,

Assistant -Office of President of the Cnamber

http://www.kg-cci.co.rs/eng/kontakti-e.htm

[Rhubarb]

GSAE 2.75 x 3.50 Last trade 3.00

[Rhubarb]

Morning everyone,

[Rhubarb]

GSAE - Bid 2.24 Ask 2.70 Last Trade 2.70

UP + 20.5% Yes twenty point five percent

[scion]

[e-mail]
Usenet User Posts: n/a
01-20-2009, 09:37 PM

Seeking Accredited Investors or Funds
Please write [e-mail] with your appetite and
criteria. We provide financial consulting and market awareness for
public companies.

I just had an excellent oil & gas opportunity for those of you who
think oil will stay above $40 per barrel come across my desk. They
recently secured $50M in financing, with funding starting in
February. $100K (no more needed) for an accredited investor. Great
returns and considerations.

http://www.slashinvestments.com/showthread.php?t=161614

Seeking Accredited Investors or FundsNewsgroups

Subject: Seeking Accredited Investors or Funds
From: [e-mail]
Newsgroups: misc.invest.misc
Organization: http://groups.google.com
Date: Jan 20 2009 19:37:18
Please write [e-mail] with your appetite and
criteria. We provide financial consulting and market awareness for
public companies.

I just had an excellent oil & gas opportunity for those of you who
think oil will stay above $40 per barrel come across my desk. They
recently secured $50M in financing, with funding starting in
February. $100K (no more needed) for an accredited investor. Great
returns and considerations.

http://www.basicinvestor.com/newsportal/miscinvestment/article.php?id=8988&group=misc.invest.misc

DELMARSECURITIES.COM
Registrant:
Justin Beck
7867 Avenida Navidad #251
San Diego, California 92122
United States

Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: DELMARSECURITIES.COM
Created on: 13-Nov-08
Expires on: 13-Nov-10
Last Updated on: 06-Dec-08

Administrative Contact:
Beck, Justin [e-mail]
7867 Avenida Navidad #251
San Diego, California 92122
United States
[phone] Fax --

Technical Contact:
Beck, Justin [e-mail]
7867 Avenida Navidad #251
San Diego, California 92122
United States
[phone] Fax --
-----------------

[scion]

DELMARSECURITIES.COM
Registrant:
Justin Beck
7867 Avenida Navidad #251
San Diego, California 92122
United States

Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: DELMARSECURITIES.COM
Created on: 13-Nov-08
Expires on: 13-Nov-10
Last Updated on: 06-Dec-08

Administrative Contact:
Beck, Justin [e-mail]
7867 Avenida Navidad #251
San Diego, California 92122
United States
[phone] Fax --

Technical Contact:
Beck, Justin [e-mail]
7867 Avenida Navidad #251
San Diego, California 92122
United States
[phone] Fax --
-----------------

Justin Beck (AmatoMediaGroup)
A 28 year-old guy from San Diego, CA (US) who joined Digg on March 22nd, 2008

http://74.125.95.132/search?q=cache:H4Sku-Wod1UJ:digg.com/users/AmatoMediaGroup/history/shouts+amatomediagroup&hl=en&client=opera&strip=1

Amato Media Group

Specialist in the needs of publicly traded micro-cap companies.

Rick Amato's Experience
Radio Talk Show Host, Op-Ed Columnist, President- Amato Media Group
Amato Media Group

(Broadcast Media industry)

January 2005 -- Present (4 years 5 months)

Host of 'The Rick Amato Show' on KCBQ radio in San Diego (www.KCBQ.com) and of 'Inside the Story with Rick Amato' heard on Washington Times Radio and the Apple iPhone.

Write Op-Ed Columns for The Washington Times and Townhall.com.

President, AMG- Corporate Representation, Issues Advocacy, Media Services, Specialist in the needs of publicly traded micro-cap companies.

http://www.linkedin.com/pub/10/682/826

[scion]

SEC puts brakes on questionable B.C. stock deal

By David Baines, Vancouver SunMay 1, 2009
http://www.vancouversun.com/Technology/puts+brakes+questionable+stock+deal/1552525/story.html

A stock deal engineered by controversial B.C. chartered accountant Les Hammond has gone from ridiculous to sublimely ridiculous.

In September 2007, I reported that Hammond and a longtime associate, Mike Andric, had formed a company named Pax Biofuels Ltd. The company was incorporated in Delaware but run out of Hammond's home in North Saanich.

According to a registration statement filed with the U.S. Securities Commission as a prelude to going public on the OTC Bulletin Board in the U.S., Pax was going to raise money to build a biodiesel plant in Serbia, of all places.

The registration statement showed the proposed plant was just an idea. The company had no design, construction or operating contracts in place.

It was also unclear how the company was going to finance the project. The estimated capital cost was $5 million to $50 million, but the company had only $23 in its bank account.

Also, Hammond and Andric were former associates of Rakesh Saxena, who had fled to Vancouver after Thai authorities accused him of embezzling $88 million US from the Bangkok Bank of Commerce.

Neither Hammond nor Andric were accused of any wrongdoing, but there was no question they were keeping bad company. Saxena has spent much of the past decade shilling worthless bulletin board stock while he fights extradition to Thailand.

Hammond is no stock dabbler, either. He currently works as vice-president of mergers and acquisitions for Penn Capital Canada Ltd., a Vancouver firm that helps companies go public and raise capital.

Penn's "senior corporate counsel" is Vancouver lawyer Michael Seifert who, in a 1999 settlement agreement with the B.C. Securities Commission, admitted to illegal insider trading through offshore accounts and agreed to a $450,000 fine and a 12-year stock market suspension.

That suspension includes an agreement not to act as solicitor for companies that file documents with the B.C. commission or the TSX Venture Exchange until December 2011.

Meanwhile, the B.C. Law Society -- which is just now getting around to dealing with this matter -- has recommended Seifert be suspended from the practice of law for two months and assessed $25,000 in costs, but that has yet to be ratified by the hearing panel.

I don't think there was ever any question that Hammond is more interested in structuring stock deals than running a biodiesel plant in Serbia.

I think the project was simply a pretext for creating a nice, tight shell (Hammond and Andric ended up with more than 90 per cent of the stock) for some yet-to-be-determined promotion.

Sure enough, in December 2008, Pax announced it had been "unable to locate transactions in the biodiesel industry that were on terms favorable to us" and was therefore going to look for opportunities in the "clean energy market." Accordingly, it changed its name to Pax Clean Energy Inc.

But in February this year, the company switched gears and announced it is going to acquire Mobile Video Development, Inc., a New York-based company that is developing technology to enable mobile device users to share videos and pictures.

The acquisition is structured as a reverse takeover: Pax will issue so many shares to the shareholders of Mobile Video Development that they will become the controlling shareholders.

No financial statements have been provided and there is no indication that the company to be acquired has any operating history. But Hammond said that if his projections come true, the company would be worth $5 billion by 2010, a laughable proposition.

Stimulated by paid Internet hypesters, the stock rocketed to $9.99 by Tuesday. With 17.6 million shares outstanding (assuming the merger deal is completed), the company's total stock market value was now a fanciful $175 million US.

At that point, the SEC stepped in and issued a cease-trade order.

"Questions have been raised regarding the accuracy of publicly disseminated information concerning, among other things, an acquisition by the company, the value of the company after the completion of the acquisition, and the company's current and future financial condition," the SEC stated.

"The commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above listed company."

The cease-trade order lasts for 10 business days, or until May 11.

I couldn't reach Hammond on Thursday, but he earlier told Canada Stockwatch reporter Mike Caswell he had no idea why the SEC halted his company.

"I've got my lawyers speaking to them. If there is anything inaccurate, I'd like to know what it is," he said.

Accuracy is not the question. It's the paucity of information, and a deck of shares sorely stacked in favour of insiders.

[e-mail]

http://www.vancouversun.com/Technology/puts+brakes+questionable+stock+deal/1552525/story.html

[greedy__malone]

Let me make this clear one last time for anybody who doesn't know.

PXCE was halted by the SEC on April 28th. The two men who run PXCE are Les Hammond and Mike Andric.

Hammond and Andric were former associates of Rakesh Saxena, who had fled to Vancouver after Thai authorities accused him of embezzling $88 million US from the Bangkok Bank of Commerce.

Andric was named CEO of GSAE the same day PXCE was suspended by the SEC.

Both PXCE and GSAE are currently promoted by Market Medias and DelMar Corporate Communications is the current IR for both companies.

According to a registration statement filed with the U.S. Securities Commission as a prelude to going public on the OTC Bulletin Board in the U.S., Pax was going to raise money to build a biodiesel plant in Serbia, of all places.

The registration statement showed the proposed plant was just an idea. The company had no design, construction or operating contracts in place.

It was also unclear how the company was going to finance the project. The estimated capital cost was $5 million to $50 million, but the company had only $23 in its bank account.


Where is GSAE looking to build windmills again? Serbia is it? LMAO!!!!!!

[PIZZABUSTER1]

what are u talking about -- -- gsae -- nice play here -- im looking for the story to unfold---

[greedy__malone]

LOL, how long until this one is halted also?

Seriosuly? Maybe a couple of weeks?

Same crew running both, PXCE was halted on the 28th.

Same guys, same promo company and same IR company working both companies at the same time....LOL!!!!!!!

[PIZZABUSTER1]

the stock looks poised for a move upward though - and if team is orgnized and got the juice flowing we go nth

[greedy__malone]

PIZZA this is not a new team at all. Miodrag Andric has been involved in more than one failed adventure and was part of an $88 million fraud in Canada. He is a director of PXCE who was suspended by the SEC the same day he was named new CEO here.

His partner in the $88 million fraud case is the other director of PXCE....LMAO!!!!

Same IR company and the same promo company working both of these stocks.

PXCE used to claim to be a biodiesel company going after Serbian business....sound familiar here doesn't it? Where is this business trying to establish themselves? Oh, yes, it would be Serbia with the same crew who ran PXCE into a trading suspension....

How long before the SEC shuts this one down?

[PIZZABUSTER1]

MALONE WHO DOING THAT -- THIS IS A NEW COMPANY NEW TEAM --

[greedy__malone]

PIZZABUSTER you are not the least bit concerend that one of the men who runs PXCE was just promoted to CEO here the same day PXCE was suspended by the SEC?

And this man along with the other leader of PXCE worked together with Rakesh Saxena defrauding the Bangkok Bank of Commerce of $88-million? You know this right?

The only way Hammond avoided jail was to testify against Saxena. He told the judge that he had created a web of companies for the Thai financier that were part of a global shell game.

Now you have PXCE suspended and Miodrag Andric taking over here as CEO on the same day eh?

Certainly that raises an eyebrow. Oh, not to mention the fact that the same IR company is working both companies along with the same promotion company.....hello....ding-ding-ding......red flags flying like Chinese New Year!!!!!

[PIZZABUSTER1]

Wikipedia: Carbon credit KEY STUFF HERE
Carbon credits are a key component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). Carbon trading is an application of an emissions trading approach. Greenhouse gas emissions are capped and then markets are used to allocate the emissions among the group of regulated sources. The idea is to allow market mechanisms to drive industrial and commercial processes in the direction of low emissions or less "carbon intensive" approaches than are used when there is no cost to emitting carbon dioxide and other GHGs into the atmosphere. Since GHG mitigation projects generate credits

[greedy__malone]

Nothing definitive as of yet has resulted from that.

The rest is wait and see and supposition.

No, not at all. The SEC doesn't suspend good companies. Good companies comply. Suspension is reserved for those violaters who refuse to follow th rules and create a situation where the only possible way to prevent further damage is to suspend them, move them to the greys and either litigate them or watch them blow away in the wind.

Unless, of course, you have some suspension success stories you'd like to share?

[greedy__malone]

Isn't the new CEO here also an officer of PXCE? And wasn't he also involved in a little shell game a few years back in Canada? And wasn't the current CEO of PXCE involved in that shell game with him? Surely this has to raise an eyebrow as this stock was artificially inflated and dirty hands all all over this one as well?

Pax's directors are Mr. Hammond and a West Vancouver resident, Miodrag Andric. The two men are past associates of fugitive Thai financier Rakesh Saxena. In 1996, Mr. Hammond was the president of Asean Holdings Inc., a Vancouver Stock Exchange company that had Mr. Saxena as one of its largest shareholders. In July, 1996, when police arrested Mr. Saxena for allegedly defrauding the Bangkok Bank of Commerce of $88-million, Mr. Hammond was among those seated with Mr. Saxena's wife in court during his first appearance. Both men worked for West Shore Ventures Ltd., a private company run by Mr. Saxena.

In 1996, police charged Mr. Hammond with obstruction of justice in connection with the case against Mr. Saxena, but the charges were later dropped after Mr. Hammond testified against Mr. Saxena in court. In that testimony, he told the judge that he had created a web of companies for the Thai financier that were part of a global shell game. He had used registries of convenience from the Yukon to the Cayman Islands, he said.

Certainly PXCE being suspended and then one of the officers of PXCE who happened to be the head of the JV partner here shows up as the new CEO? The same IR company represents both of these companies and both are being promoted by the same promo company?

I'd have to say this would have the appearance of being just another shell game.

[righty]

Nothing definitive as of yet has resulted from that.

The rest is wait and see and supposition.

We shall see what prevails.

The above is simple opinion..as is yours.

[Risicare]

Do you think it is a bad sign that the other shell put out by these people was just suspended by the SEC? Considering how blatant the scam was there you would think the SEC is probably taking a look at this one also.