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GSAE ((1.73) +93%```strong of great news imo
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41979359
Green Star should soar today..IMO
The stars are aligning, the ship should WARP.
don't see one .yet....will check otcbb.com in a bit.
Forward Split coming for GSAE. Eyes are on this one. EOM
GSAE announces stock dividend
SAN DIEGO, CA, Sept. 29 /PRNewswire-FirstCall/ -- Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; "GSAE" or the "Company") (http://www.greenstarae.com/) announces that the Company's Board of Directors have authorized a dividend of 3 common shares for every 4 common shares held by stockholders of record. This stock dividend is being done to provide a benefit to our existing shareholders, including those who have financed us through the company's ongoing development. As of the date of this release, GSAE has 16.25M publicly traded shares and a total of 26.25M shares outstanding.
Mike Andric, CEO of Green Star Alternative Energy, stated: "Green Star is well positioned for significant and continued growth; and the Board's decision is part of our ongoing effort to broaden ownership and enhance shareholder value."
Common stock holders are not required to take any action relating to the dividend. Shares outstanding on the record date will be automatically adjusted on the books of the Company's transfer agent, Interwest Transfer Company, Inc., to reflect the change in share structure. Share certificates will automatically be distributed by the Company. Stockholders who hold their shares in street name should have their accounts adjusted by their broker. Holders should not destroy any stock certificates and should not submit any certificates to the Company or the transfer agent.
About GSAE
Green Star Alternative Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighbouring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation's first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.
FORWARD-LOOKING STATEMENTS
This press release contains 'forward-looking statements'. These are statements concerning plans, objectives, goals, strategies, expectations, estimates, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. In some cases forward-looking statements can be identified by the use of forward-looking words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates,' 'estimates,' or the negative of these words or other variations of these words or comparable words, or by discussions of plans or strategy that involve risks and uncertainties. Management wishes to caution the reader that these forward-looking statements, including, but not limited to, statements regarding the Company's plans, goals the estimates and assumptions, and the business strategy of the Company and other matters that are not historical facts are only predictions. No assurances can be given that such predictions and the estimates regarding mineral reserves, success of mining plans, or other projections will prove correct or that the anticipated future results will be achieved. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, the intense competition the company faces from others, and technological changes. Any one or more of these or other risks could cause actual results to differ materially from the future results indicated, expressed, or implied in such forward-looking statements.
DATASOURCE: Green Star Alternative Energy Inc.
CONTACT: 866-955-GSAE (4723);
NEWS! Stock dividend of 3 shares for each 4 owned.
Honestly, does this company have anything other than a promotion company who throws out a 14.87 price target? Not trying to start a huge fight here I'm asking this as a serious question.
Anywhere near $2 tomorrow would be amazing. I didn't expect it to pass $1 so quick. I thought maybe Wednesday
27k shares @.44 here. woohoo! that is one heck of a long term target. looking to see around $2 tomorrow.
Grass Roots Research and Distribution, Inc. Issues a 'BUY' Rating with a Long Term $14.87 Target Price for Green Star Alternative Energy, Inc.
Monday 09/28/2009 8:37 AM ET - Pr Newswire
Related Companies
Symbol Last %Chg
GSAE 0.49 36.11%
As of 1:48 PM ET 9/28/09
Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; "GSAE" or the "Company") (http://www.greenstarae.com) announced today a new research report has been issued on the Company by Grass Roots Research and Distribution Inc., Wall Street's leading independent research firm, with a "BUY" recommendation and a $14.87 long term price target.
For the full report please visit Grass Roots' website: WWW.GRASSROOTSRD.COM
About Grass Roots Research and Distribution, Inc.:
Led by D. Paul Cohen, Grass Roots Research and Distribution, Inc. is one of Wall Street's ELITE Independent Research Firms. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)).
Grass Roots Research and Distribution, Inc. includes PhD's, MD's, six CFA's (chartered financial analyst), three with CPA's (certified public accountant) and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. The Cohen Financial and Valuation Model, is used in all research programs. The model, an analytical and portfolio management system, is a 300,000 cell model in Excel, that contains (20+) equity valuations and three (3) cash flow analytical models. The model covers 9,000 public companies. For more information, readers can visit the company's website at www.grassrootsrd.com.
About GSAE
Green Star Alternative Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighbouring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation's first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.
Investor Relations: Toll-Free: (877) 257-GSAE (4723)
gsaeir@gmail.com
www.greenstarae.com
That means they will have plenty of shares to sell! It may run a day or two before it tanks.
I doubt they have any wind farm operating anywhere. Better read back a few posts and get the real story. If you dare buy it, and it happens to go up, sell it, then run to the bank.
Wow that took a swan dive.....timber!!!
I guess he's just as bad at auditing as he is at making films (tic) .Don't care what the story is on these pinks anymore. Just trade the price action. Get in quick, get out quicker.
Hmmm.... Did you know they employed auditor Michael J. Moore, who's just been sued by the SEC?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40946537
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40949920
Looks like the pump is on again. Stockmarketing Inc. spamming e-mails.
Compensation from the Disclaimer.
"WSCF has been compensated Sixty Thousand shares (Thirty Thousand shares for current services and Thirty Thousand shares for previous), by a third party, ... "
geopic, here is a huge recent one for GSAE (7/27/2009);
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=GSAE_072609
Good luck.
Market Media likely got paid.
Now, (Aug 4) The Green Baron has GSAE as its new 'Stock Pick'.
Likely getting compensation too.
g.p.
Quick question
Market Medias is expecting compensation of $25,000.00 cash, for ONE month's service (May, 8th, 2009 to June, 8th, 2009), by a third party for the (GSAE.PK) profile, MARKET AWARENESS, "company material" and advertisement’s.
Did Market Medias ever get paid for this campaign with GSAE?
GSAE News Green Star Engages Clayton, Dunning Global Partners LLC for Capital Raise
http://finance.yahoo.com/news/Green-Star-Engages-Clayton-bw-3438668900.html?x=0&.v=1
Zero Revenues.
$11,700 in total assets.
Just a shell.
jmo
Scull and Cross Bones nolonger on Pinksheets.com, glad we dont have Caveat Emptor Status anymore. Next move is to the otcbb which should be in a couple weeks IMO.
We read charts entirely different then. To each his own, in my opinion this stock has formed a nice bottom and the MACD is getting ready for a cross which should indicate a strong uptrend.
GSAE chart looks awful. Right stock? EOM
Chart looks awesome, should be a nice move from here by the looks of it.
http://stockcharts.com/h-sc/ui?s=GSAE&p=DAILY&b=5&g=0&id=p20817191863
Green Star Files with SEC for Fully Reporting Status
Press Release
Source: Green Star Alternative Energy, Inc.
On Thursday July 9, 2009, 8:40 am EDT
Companies:Green star alt egyGreen star alternative energy, inc.
SAN DIEGO--(BUSINESS WIRE)--Green Star Alternative Energy, Inc. (“GSAE” or the “Company”) -http://www.greenstarae.com- is pleased to announce that the Company has filed an amended Form 10 with the U.S. Securities and Exchange Commission (SEC) to become a fully reporting entity. This status will permit GSAE to obtain a listing on NASDAQ’s OTC Bulletin Board – a regulated quotation service that displays real-time quotes, last-sale prices, and market depth and volume information for over-the-counter securities.
http://finance.yahoo.com/news/Green-Star-Files-with-SEC-for-bw-106029981.html?x=0&.v=1
http://www.sec.gov/Archives/edgar/data/1462013/000108638009000030/0001086380-09-000030-index.idea.htm
Good luck.
I got an e-mail on this one...not sure if Can-Spam compliant...no volume on the stock
Some details are in the Ibox.
Serbia is one of the countries mentioned.
I always get suspicious when you have a Serb from someplace like Vancouver, with a very bad track record, doing a deal overseas.
GLTY
jmo
Hi, I was hoping someone could tell me in which countries Green Star Alternative Energy currently has wind turbines? How does this company currently stack up against some of the other major wind energy players? I really want to invest in this sector and this company is on my radar, any advice would be much appreciated, thanks!
GSAE Press Release: Green Star Progressing Towards Listing on OTC Bulletin Board
Press Release
Source: Green Star Alternative Energy, Inc.
On Monday June 29, 2009, 10:27 am EDT
Buzz up! 0 Print.Companies:Green star alt egyGreen star alternative energy, inc.
SAN DIEGO--(BUSINESS WIRE)--Green Star Alternative Energy, Inc. (GSAE:OTCPK or the Company ) -http://www.greenstarae.com- is pleased to announce that it is moving towards compliance with the U.S. Securities and Exchange Commission (SEC) and becoming a fully reporting entity. The Company plans to respond, this week, to the SEC request to file an amended Form 10. Subsequently, GSAE will obtain a listing on NASDAQ’s OTC Bulletin Board – a regulated quotation service that displays real-time quotes, last-sale prices, market depth and volume information for over-the-counter securities.
Related Quotes
Symbol Price Change
GAT.F 0.60 +0.10
GSAE.PK 1.00 +0.25
{"s" : "gat.f,gsae.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Mike Andric, CEO of Green Star Alternative Energy, stated, “Green Star will very shortly become a fully reporting company, and the OTC Bulletin Board will be a step towards a listing on a larger stock exchange.”
About Green Star Alternative Energy (GSAE:OTCPK)
Green Star Alternative Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighbouring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation's first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.
FORWARD-LOOKING STATEMENTS
This press release contains 'forward-looking statements'. These are statements concerning plans, objectives, goals, strategies, expectations, estimates, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. In some cases forward-looking statements can be identified by the use of forward-looking words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates,' 'estimates,' or the negative of these words or other variations of these words or comparable words, or by discussions of plans or strategy that involve risks and uncertainties. Management wishes to caution the reader that these forward-looking statements, including, but not limited to, statements regarding the Company's plans, goals the estimates and assumptions, and the business strategy of the Company and other matters that are not historical facts are only predictions. No assurances can be given that such predictions and the estimates regarding mineral reserves, success of mining plans, or other projections will prove correct or that the anticipated future results will be achieved. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, the intense competition the company faces from others, and technological changes. Any one or more of these or other risks could cause actual results to differ materially from the future results indicated, expressed, or implied in such forward-looking statements.
Contact:
Green Star Alternative Energy, Inc.Jesse De Castro, CFO1-866-955-GSAE (4723)info@greenstarae.com
http://finance.yahoo.com/news/Green-Star-Progressing-bw-21198351.html?x=0&.v=2
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001462013&owner=include&count=40
Good luck.
Last 8 Press Releases for GSAE;
Today, Wed, Jun 24, 2009
• Green Star Alternative Energy Announces Investigation into Caveat Emptor Warning
Business Wire (Wed 1:25pm)
Mon, Jun 22, 2009
• Wind Energy Specialist Joins Green Star/Notos Team
Business Wire (Mon, Jun 22)
Thu, Jun 18, 2009
• Green Star Alternative Energy's Recent Notable Developments in Wind Farm Market Spur Beacon Equity Updated Rating
Business Wire (Thu, Jun 18)
Wed, Jun 17, 2009
• Green Star/Notos JV Appoints New Project Development Manager
Business Wire (Wed, Jun 17)
Tue, Jun 16, 2009
• Green Star Alternative Energy Announces Removal Of Caveat Emptor Warning
Business Wire (Tue, Jun 16)
Mon, Jun 15, 2009
• Green Star Erects Wind Sensor at Belo Blato
Business Wire (Mon, Jun 15)
Mon, Jun 1, 2009
• Green Star/Notos JV Signs Agreement With City of Titel
Marketwire (Mon, Jun 1)
Wed, May 27, 2009
• Biden Visits Belgrade and Demonstrates Renewed Interest in Republic of Serbia, Announces Green Star Alternative Energy
Marketwire (Wed, May 27)
http://finance.yahoo.com/q/h?s=GSAE.PK
Good luck.
sure buddy...
some folks just neglect to read the fine print on some things they sign up for too.
if you got more then one from em...you likely signed up somewhere for something
AFTER ALL
i recall "somebody" here rambling on about a certain article naming our firm
see link- http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38256376
which was not the case...NOW WAS IT?
seems selective memory abounds these places
but then again it is real easy to deny it as well
but i suppose not quite as easy as it is to just guess an EMAIL addy.
YOU WOULD BE SURPRISED HOW MANY FOLKS SIGN UP FOR STUFF..THEN TRY AND DENY IT
JUST ASK, WE GET THEM ALL THE TIME
might wanna downgrade your "100% unsolicited" to
"i dont think i signed anything"
Nope, 100% UNSOLICITED, Righty and this week I didn't get anymore so maybe they got the hint I have ZERO interest in their spam.
I would have to say it is quite clear you signed up for it.
Unless you are suggesting some anonymous email outfit just guessed at your addy?
pullease
if you don't want pennystock info in your emailbox
DONT ASK FOR IT...
SIMPLE REALLY
I have several emails i use for filtering stock mails.
generally...I dont get a single email (out of thousands) that I did not ask for.
occasionally it has happened....but not to the extent you are laboring over.
this is precisely like the folks who sign up on our site asking for emails
then weeks later..try and report something we sent as spam
give it a rest
Agreed, he is excellent and knows the Vancouver scene very well. I don't trade penny stocks. Have no idea why I got spammed.
It started last month with spam hype on CERP, then APDN, then NGHI. This month it was EVII and GSAE.
David Baines is a Very Good reporter and is very in touch with the Vancouver markets.
If Baines is writing up a stock for being suspicious ... get out of that stock.
jmo
Mine catches most of them but these on EVII and GSAE did get thru earlier in the week.
My spam filter gets those, and straight to delete.
That's the one!
Have you gotten any spam e-mails from Beacon or other promoters on EVII or GSAE?
Serbian wind promotion sounds like a lot of hot air
Green Star's spam campaign brings 'skull and crossbones' warning
By David Baines, Vancouver SunJune 19, 2009
http://www.vancouversun.com/Technology/Serbian+wind+promotion+sounds+like/1711614/story.html
In Thursday's column, I reported that Beacon Equity Research, a penny stock tout firm out of Texas, has been hyping EV Innovations Inc., a Nevada company that trades on the dreadful OTC Bulletin Board in the United States.
My interest in EV Innovations (previously Hybrid Technologies Inc.) relates primarily to several local men who were promoting this company, most notably Aarif Jamani.
Jamani was a certified management accountant until several months ago, when he came under Vancouver police investigation in an unrelated stock bribery case and allowed his membership in the CMA Association to lapse. (In my column, I identified him as a former certified "general" accountant, which is incorrect.)
Working behind the scenes is Calgary promoter Salim Rana, who has a history of controversial dealings and is currently barred from entering the United States (for reasons that are not clear.)
EV Innovations is developing a lithium-ion battery technology for electric vehicles, but it has generated little in the way of revenues and much in the way of losses. As of Jan. 31, its cumulative deficit was $53.2 million US.
None of these negative features, however, has deterred the folks at Beacon, who have repeatedly demonstrated they will promote just about any piece of junk, as long as they get paid.
In 2007, Beacon analyst Victor Sula rated EV Innovations a "speculative buy" even though it was under formal investigation by the U.S. Securities and Exchange Commission.
This week, it was spamming prospective pigeons with puffy phrases like, "Put on your seat belt because we're ready for lift-off!" I thought that "Get ready for impact" might have been more appropriate.
Beacon's latest penny stock darling is another dubious Vancouver-connected company, Green Star Alternative Energy Inc., which trades on the "pink sheets" in the United States and purports to be developing wind farms in Serbia.
The brains behind this deal is Miodrag (Mike) Andric, a Serbian native who maintains a residence in West Vancouver. In the late 1990s, Andric worked as a bodyguard for Thai financial fugitive Rakesh Saxena, who had been charged with embezzling $88 million US from the Bangkok Bank of Commerce and had fled to Vancouver, where he has been fighting extradition ever since.
In April, Andric became chairman, president and CEO of Green Star, and promptly announced a series of "discussions" and "negotiations" with big-name companies in the wind-energy industry. Those announcements were promptly discredited by Carol Remond in her In the Money column for Dow Jones Newswires.
- On May 12, Green Star announced that its Serbian partner, Notos (co-founded by Andric) had met with executives from General Electric's GE Energy unit and suggested that GE Energy might work in partnership with Notos. Remond said GE Energy spokesman Daniel Nelson confirmed his company had met with Notos, but insisted those meetings "were part of a series of exploratory discussions" and "GE has no plans for further cooperation with Notos."
- On May 5, Green Star claimed it was in negotiations with Spain's Gamesa Corporacion Technologica, a leading manufacturer of wind turbines. Remond quoted Michael Peck, director of media relations for Gamesa North America, as saying, "We have no knowledge of Green Star and no knowledge of the information contained in the press release."
- On April 23, Green Star announced a "collaboration agreement" between it, Notos and Electrawinds. Remond said Marleen Vanhecke, in charge of public relations at Electrawinds, denied there was any agreement: "We just have a signed paper saying that we would speak with them. They have no deal with us."
When I contacted Andric in Serbia on Thursday, he insisted that Green Star's releases were accurate and he had the documentation to prove it. He may very well have documentary evidence, but I think it's clear these discussions and negotiations amount to little, if anything.
On June 4, Green Star hit another rough patch when the B.C. Securities Commission issued a cease-trade order against the company. The commission ruled that, even though the company is registered in Nevada and ostensibly based in San Diego, it has enough connections to Vancouver to make it a B.C. reporting issuer. That means it has to file regular financial statements, news releases and other documents with the commission, which it hasn't. (This cease-trade order has little impact on the company because it applies only to B.C. and the bulk of the trading occurs on the pink sheets, a U.S. over-the-counter market.)
Pink sheets had earlier placed its "skull and crossbones" warning on the webpage featuring Green Star due to the lack of information, but removed it after the company filed a registration statement with the U.S. Securities and Exchange Commission.
That filing included financial statements showing that, as of Dec. 31, the company had only $3,310 in total assets.
Once again, none of this has deterred the touts at Beacon Equity Research. They have been spewing a steady stream of spam, describing Green Star as "an emerging leader" in the wind energy industry and the "ONLY company able to GENERATE and sell its own wind energy."
And on Thursday, right on cue, analyst Victor Sula weighed in with his familiar "speculative buy" recommendation with a price target of $5.70 per share. (The stock closed Thursday at $2.45, up 50 cents, which shows that this sort of carnival talk works.)
The report's disclaimer helpfully pointed out that Beacon had been paid $30,000 by a Green Star shareholder, Equity Alliance International, and 30,000 shares by a company called Onyx Consulting Group, to manage a "comprehensive investor awareness program," including Sula's report.
The disclaimer says Sula's report should be viewed as a "commercial advertisement" rather than bona fide investment advice. The people behind Equity Alliance and Onyx Consulting are not identified. Andric said he didn't know who was behind the program, and even tried to convince me that he wasn't even aware anybody was hyping his stock. Perhaps they don't have Internet service in Serbia.
In any event, Beacon's b.s. has had an unintended consequence. On Thursday, Cromwell Coulson, chairman and CEOP of Pink Sheets LLC, told me he will reinstitute the "skull and crossbones" warning on Green Star's stock due to the spam campaign. You can't say you haven't been warned.
dbaines@vancouversun.com
http://www.vancouversun.com/Technology/Serbian+wind+promotion+sounds+like/1711614/story.html
Must be the same spam David Baines (Vancouver Sun) got again as he wrote them up today.
http://www.vancouversun.com (see Baines' column)
My last spam on EVII was on Tuesday and the last spam I got on GSAE was Wednesday. They must have figured out I don't eat Spam.
I got another email from Beacon on this one today.
Disclaimer says they received $30,000 and 30,000 free trading shares.
Beacon equity is nothing more than a bunch of cheap scam artists.
http://www.vancouversun.com/business/Serbian+wind+promotion+sounds+like/1711614/story.html
Beacon's latest penny stock darling is another dubious Vancouver-connected company, Green Star Alternative Energy Inc., which trades on the "pink sheets" in the United States and purports to be developing wind farms in Serbia.
The brains behind this deal is Miodrag (Mike) Andric, a Serbian native who maintains a residence in West Vancouver. In the late 1990s, Andric worked as a bodyguard for Thai financial fugitive Rakesh Saxena, who had been charged with embezzling $88 million US from the Bangkok Bank of Commerce and had fled to Vancouver, where he has been fighting extradition ever since.
In April, Andric became chairman, president and CEO of Green Star, and promptly announced a series of "discussions" and "negotiations" with big-name companies in the wind-energy industry. Those announcements were promptly discredited by Carol Remond in her In the Money column for Dow Jones Newswires.
- On May 12, Green Star announced that its Serbian partner, Notos (co-founded by Andric) had met with executives from General Electric's GE Energy unit and suggested that GE Energy might work in partnership with Notos. Remond said GE Energy spokesman Daniel Nelson confirmed his company had met with Notos, but insisted those meetings "were part of a series of exploratory discussions" and "GE has no plans for further cooperation with Notos."
- On May 5, Green Star claimed it was in negotiations with Spain's Gamesa Corporacion Technologica, a leading manufacturer of wind turbines. Remond quoted Michael Peck, director of media relations for Gamesa North America, as saying, "We have no knowledge of Green Star and no knowledge of the information contained in the press release."
- On April 23, Green Star announced a "collaboration agreement" between it, Notos and Electrawinds. Remond said Marleen Vanhecke, in charge of public relations at Electrawinds, denied there was any agreement: "We just have a signed paper saying that we would speak with them. They have no deal with us."
When I contacted Andric in Serbia on Thursday, he insisted that Green Star's releases were accurate and he had the documentation to prove it. He may very well have documentary evidence, but I think it's clear these discussions and negotiations amount to little, if anything.
On June 4, Green Star hit another rough patch when the B.C. Securities Commission issued a cease-trade order against the company. The commission ruled that, even though the company is registered in Nevada and ostensibly based in San Diego, it has enough connections to Vancouver to make it a B.C. reporting issuer. That means it has to file regular financial statements, news releases and other documents with the commission, which it hasn't. (This cease-trade order has little impact on the company because it applies only to B.C. and the bulk of the trading occurs on the pink sheets, a U.S. over-the-counter market.)
Pink sheets had earlier placed its "skull and crossbones" warning on the webpage featuring Green Star due to the lack of information, but removed it after the company filed a registration statement with the U.S. Securities and Exchange Commission.
That filing included financial statements showing that, as of Dec. 31, the company had only $3,310 in total assets.
Once again, none of this has deterred the touts at Beacon Equity Research. They have been spewing a steady stream of spam, describing Green Star as "an emerging leader" in the wind energy industry and the "ONLY company able to GENERATE and sell its own wind energy."
And on Thursday, right on cue, analyst Victor Sula weighed in with his familiar "speculative buy" recommendation with a price target of $5.70 per share. (The stock closed Thursday at $2.45, up 50 cents, which shows that this sort of carnival talk works.)
The report's disclaimer helpfully pointed out that Beacon had been paid $30,000 by a Green Star shareholder, Equity Alliance International, and 30,000 shares by a company called Onyx Consulting Group, to manage a "comprehensive investor awareness program," including Sula's report.
The disclaimer says Sula's report should be viewed as a "commercial advertisement" rather than bona fide investment advice. The people behind Equity Alliance and Onyx Consulting are not identified. Andric said he didn't know who was behind the program, and even tried to convince me that he wasn't even aware anybody was hyping his stock. Perhaps they don't have Internet service in Serbia.
In any event, Beacon's b.s. has had an unintended consequence. On Thursday, Cromwell Coulson, chairman and CEOP of Pink Sheets LLC, told me he will reinstitute the "skull and crossbones" warning on Green Star's stock due to the spam campaign. You can't say you haven't been warned.
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GSAE ~ Green Star Alternative Energy, Inc.
On January 19, 2011, De Castro Investments Inc. (" De Castro "), and Verdad Telecom, Inc., a Nevada corporation (the " Purchaser ") entered into a Stock Purchase Agreement (the " Purchase Agreement "), pursuant to which De Castro (collectively, the " Seller ") will sell to the Purchaser, and the Purchaser will purchase from the Seller, an aggregate of 34,900,000 shares of Common Stock (the " Shares "), which Shares represent 55.1% of the issued and outstanding shares of Common Stock and Seller's debt and liabilities. The Closing occurred on January 30, 2011. The Purchaser paid the aggregate purchase price for the Shares with personal funds. There are no arrangements or understandings among members of both the former and new control groups and their associates with respect to election of directors or other matters.
We provide executive financial
management for your company
Market Value1 | $411,694 | a/o Oct 10, 2011 |
Shares Outstanding | 63,337,543 | a/o Feb 28, 2011 |
Float | 28,437,543 | a/o Dec 31, 2010 |
Authorized Shares | 200,000,000 | a/o Dec 31, 2010 |
Par Value | 0.001 |
Shareholders of Record | 8 | a/o Mar 17, 2011 |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |