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Opening at Green Street Energy
Since Jeff Figlewicz
Remarks:
Resigned April 10, 2009
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Figlewicz Jeffrey Allan
1300 NORWOOD AVENUE
ITASCA, IL 60143
They will need a new VP-Finance & Corp Secretary.
Wonder who would like to be take this job?
With 13 of his movies being released in Cannes May 13-May 24, will Tony Cataldo have to miss the Cannes Film Festival to remain at the helm of GSTY and get the 10Q statement filed, and hopefully a conference call to update investors. (Since his co-producers the Dadon "clan" were involved in all 13 movies I guess there is really no reason for Tony to go if the Dadons make the trip to Cannes.)
If Tony really feels the need to go to Cannes he can always release the GSTY 10Q (outlining the first quarter results) and have the conference call discussing it the first week of May. Lets face it they aren't having to wait on any revenue statements. They just need to check the bank balance on 3-31-2009, and with share count already known both outstanding and "fully diluted", the only thing they need to do is to update stockholders on any possible financing with GE Capital or others, and explain why Nelson and Figlewicz jumped ship.
Heck they probably have all that info in hand and could file 10Q this week. (Perhaps before someone else resigns) (TIC)
Orson Wells once said of Paul Masson wine: "we will sell no wine before its time"
The tag was : "As soon as can get that stuff in the bottle, its time".
Maybe Jeff Figlewicz, recent GSTY resignee, will say the same about GSTY stock. "I will sell no GSTY stock before its time."
The tag being:
"Anytime the stock is selling for more than my nickel option price, its time."
OK Tony Cataldo, Mike Pruitt, Sade Panahi,and perhaps Bruce Neslon (if you GOT YOURS). Time to fess up with the mandatory form 4 filings showing your "good fortune " gained from your "fully diluted" deal when the $ 16,000,000 convertible debt was given to David Dadon for the option on his acreage and incresed the total fully diluted shres from 5 million at end of 2008 to 35 million at end of first quarter.
Jeff Figlewicz filed his on his way out the door. Now how about the rest of you?
Shares and/or 5 cent options available (if my math is correct) will be about:
Tony "Big Cheese" Cataldo approiximately 3,000,000
Sade "Tony's Boy" Panahi - Approzimately 600,000
Mike "Hooters" Pruitt - approximately 600,000
Bruce "First rat off the ship" Nelson approximately 900,000
(Unless he lost or reputiated the "fully diluted" gift when he resigned as a director on 4-1-2009.)
Now that Jeff Figlewicz resigned are Tony Cataldo and Gerry Dameron now the only employees of Green Street Energy?
Tony Cataldo run companies, always fun to watch.
Dropping like flies
LOL. Good find.
April 2009 -- Green Street Energy -- GSTY
Two directors resign Nelson and Figlewizc
Website has completely gone down
Nary a Peep from Tony Cataldo
No CEOcast interviews or Newsletter articles.
Figlewizc grabs his 600,000 nickel options on his way out the door.
Tony Cataldo disappeared from his last CEO job at VOIC in April 2008. Will GSTY be a repeat performance this year?
CEOcast.com
apparently this is last "coverage" of GSTY by Ceocast back on March 15,2009
Green St. Energy (OTCBB: MWAV), a company developing a portfolio of renewable wind energy assets, received news last week that validates its acquisition of a three-year option to acquire 4,840 areas of land located in Tehachapi to develop a wind farm. The neighboring 3,100 MW Alta Wind Project in Tehachapi, California was sold for $325 million, plus the assumption of approximately $65 million of outstanding letters of credits. According to reports, Allco Finance Group Limited, the project's owner, received over 60 indications of interest, with seven bidders invited to submit fully binding proposals. The project was estimated to have great value due to its access to transmission lines, which enticed Southern California Edison to enter into an agreement to purchase the energy produced by the project. Green St. believes that its acreage is located in an area comparably suited for wind energy production and that it will also have access to transmission lines when completed. Shares gained 24 cents on the week to close at $0.37.
a simple restating of PR by Tony saying how his "deal" was validated by success of a comeptitor who is actually up and running
and lets see again what Ceocast is getting for 6 weeks of inactivity from M-Wave, Inc. ten thousand dollars per month and two hundred fifty thousand shares of stock for a one year agreement.
According to this Jettrey Figlewicz picked up his 600,000 nickel options and apparently resigned on the same day.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001374461%2D09%2D000003%2Etxt&FilePath=%5C2009%5C04%5C28%5C&CoName=GREEN+ST%2E+ENERGY%2C+INC%2E&FormType=5&RcvdDate=4%2F28%2F2009&pdf=
Apparently they don't get free shares they get nickel option shares, if this filing is correct.Will they still get them after they resign?
Thats Nelson and Figlewizc down apparently. Who will be next?
Too bad they don't elect to stay on and try to work with Tony?
from 5 million to 35 million fully diluted shares and from cash in bank to apparently virtually none and a 16 million dollar debt for an "option" on acreage Tony has optioned from his film buddy David Dadon. (quite a quarter eh boys)
Tony needs to fess up now and let people know wht is going on. Is he still paying CEOcast $ 10,000 a month? If so maybe they can "break" the story.
PS Tony's SEC filing when done will show him getting 2.6 to 3 million shares or nickel options.
Only April news was Director Bruce Nelson resigning.
Website still down.
Tony Cataldo strangely "Silent". Why this hasn't happened since last April when Tony filed a 10K NT at VOIC and ran away, failing to file a 10K or even announcing his leaving the CEO position at VOIC.
Surely Tony hasn't got to that situation here in just one quarter at the helm.
Maybe he is finishing up the multi-million dollar financing deal with GE Capital, and is showing them his financial restraints by his silence and not "wasting" money fixing the website.
4,100 shares of stock sold between 4-1-2009 and 4-21-2009.
5,500 sharews of stock sold on 4-22-2009 at $ .25 down 16.66%
$.25 Tony's "Two Bit" stock.
I am still predicting the stock will be less than a dime by 6-1-2009.
Where are those Cataldo defenders who bought at $ .70 earlier this year?
bloodhound
I don't know any other way to look at it without further news or updates. 1st q report due in 4 weeks but what could they have possibly done so far? I mean if they can't even double check the webpage? I wish someone was paying me interest for an "option" to purchase some land of mine. JMHO
Say, anyone know how Tony's companies he has headed up since 2000 are doing
Here you go folks
Symbol Last
GSTY .25
VOIC 0.0004
MCET 0.01
BPTR 0.02
CBMCE 0.006
MEMI 0.0002
In chronological order going backwards from present company GSTY.
just give GSTY time, about 2 months I figure.
Runn
My theory:
Turek and the management of MWAV decided to obtain all the assets of MWAV and leave a new shell in place for the retail shareholders of MWAV.
The new shell would look good because it would have $ 455,000+ cash assets and no liabilities as Turek was to assume the liabilities when taking all the assets for the $ 455,000. (Didn't quite work out that way as the "shell" ended up with well over $ 300,000 in liabilities that weren't supposed to be there.)
They needed a special person to lead the new shell.
Hopefully he/she would possess the following qualities.
1. Had prior CEO experience
2. Was available
3. Was a great salesman
4. Had worked with Mercator before
5. Was a team player willing to "play the game"
6. Had so much bad baggage that he would make Turek and the boys look like saints and their actions quickly forgotten.
7. Had not spent time in jail (but was not averse to working with those who had)
8. Knew how to PR his companies "next great story"
9. Experienced at putting together insider "fully diluted" stock deals.
10. Had a history of taking care of himself and his friends.
When they put all the info in the computer only one man was qualified . Anthony J. Cataldo.
So in September just as Turek was putting together the "buyout" of MWAV Tony was brought on as a director.
In November he took over as Chairman replacing Turek. and on Dec 30-31, 2008. Turek and company left, and Tony and his cronies Panahi, Pruitt etc. took over the new shell.
Well obviously they needed a direction for the new shell.
Now we get into my theory. I believe that when Tony knew that he would be taking over a small shell company he started making plans.
I believe that he and his friend David Dadon set down and planned out the entire scenario even before Tony took over. Lets face it, son Barry Dadon registered domain name of www.greenstenergy.com on 1-6-2009 well before before the "new direction" was even announced.
I believe Tony knew that getting capital in any market would be difficult but particulary now and particularly with HIS past history. I do think that Pruitt probably made a pass at GE Capital as dragon man said in his posts, but I doubt anyone at GE Capital felt good about loaning money to a company run by Tony.
So Tony had a shell with $ 455,000 cash and $ 300,000+ in liabilities .
First set up the nickel options and the 10% fully diluted deal for Tony with another 9% for his friends. Notice that this was done effective 12-31-2008. (First things first)
Next he needed a story to tell. Well his pal David Dadon apparently had thousands of windy acres in California in his Nacelle Corporation. Man wouldn't a wind farm deal for the new shell make some sense.
Problem is that with only $ 455,000 in bank the deal to buy the land would be a challenge. No problem for Tony. He would buy the a 160 acre package with a million shares of stock valued at $ 250,000. This would look good on paper.
The real "coup de grace" was the packaging of the 4800 acres
for $ 260,000 cash and a $ 16,000,000 5% interest convertible note for just the "option" to buy. Got to admit. This was a real piece of work.
1. It puts $260,000 cash in Dadon's pocket **
2. GSTY now owes David Dadon $ 16,000,000 plus $ 800,000 a year interest just for the option.
3. Because of the way the contract was structured with Dadon getting convertible debt just for option Tony now receives 10% of the 29,000,000 shares that are convertible under the option with his "fully diluted" deal . That is 2,900,000 free shares for Tony payable by 4-10-2009. His cronies get 9% or 2,600,000 free shares payable by 4-10-2009.
Tony and his cronies by virtue of outstanding stock % they own and David Dadon by virtue of debt structure now control GSTY.
The retail stockholder owns stock in a shell that owns 160 acres of land as assets and that has $ 300,000 in liabilities from the 12-31-2008 start plus $ 16,000,000 in 5% debt owed to David Dadon just for the "option" on other land even if the company never purchases the land.
After paying Tony, Jeff, and Gerry for 3 months and CEOcast at $ 10,000 a month for three months how much cash do you think they have left. My guess is virtually none.
Minimal cash, huge debt and only asset is 160 acres of land that will probably fall back to largest debtor which would be Hmm David Dadon.
** $ 260,000 cash to David Dadon = 57% of the $ 456,000 cash MWAV started out with on 12-31-2008.
Is it any coincidence that David Dadon and Tony Cataldo are releasing 13 movies at Cannes in May from their old days in hopes of making some money that will not in any way benefit GSTY?
Is it any coincidence that 13 x $ 20,000 = $ 260,000?
Coincidence that Bruce Nelson left?
Coincidence that Barry Dadon registered new name 10 days before the company announced it?
Coincidence that the "fully diluted" shares gives Tony and his cronies virtual control?
Coincidence that the website falsely stated that Tony Cataldo and Magic Johnson were "Opening the New York Stock Exchange"
Coincidence that the website is now down.
Coincidence that CEOcast has been silent for 2 months as "mouthpiece" for GSTY.
Coincidence that Tony left his last CEO job by filing an 10K NT and fleeing the scene.
I personally think That Tony and David came up with the plan to lock up GSTY both in terms of stock and debt and give them enough money to release 13 of their joint films at Cannes this year.
Either that or this is one of the most "coincidence riddled" situations ever seen.
But thats just my personal opinion. Do your own Due Dilgence and draw your own conclusions.
Doesn't paint a pretty picture IMO.
Company's been awful quiet too on top of the website being down and ceocast hasn't ran any updates in 2 months now. The only real news has been the director who stepped down. I still can't believe such a huge "option" to buy so much land at such an interest rate. Why structure a deal like that? Maybe we can "cypher" the answer to that. JMHO
yep runn
1. On 1-06-2009 Barry Dadon of 23760 Oakfield Road, Hidden Hills CA purchased the domain name www.greenstenergy.com
2. Eight days later on 1-14-2009 MWAV buys 160 acres of land from David Dadon's Nacelle Corporation of 23760 Oakfield Road, Hidden Hills CA
3. Two days after this on 1-16-2009 MWAV changes the name of its company to Green Street Energy, Inc.
4. On 2-12-2009 Green Street Energy gives David Dadon's Nacelle Cotporation $ 260,000 cash and $ 16,000,000 in convertible 5% notes for an "option" to buy another 4800 acres in California.
We now learn that Tony Cataldo and David Dadon have 13 films they did together being released at Cannes Film Festival in mid May. (Now isn't that special?)
And apparently Barry Dadon's www.greenstenergy.com webiste featuring an incorrect caption on the Magic Johnson/Tony Cataldo photo on the front page is still not working.
Can someone pass this on to website owner Barry Dadon.
"This site is currently unavailable.
If you are the owner of this site, please contact us at 1-480-505-8855 at your earliest convenience."
and who knows why in January 2009 Lydia Dadon, wife of David Dadon opened a new company, called Nacelle Corp. Properties?
Good work bloodhound
Nothing like transparency lol.
VERY VERY interesting
I decided to have a look and see who owned the website www.greenstenergy.com and it is registered to:
Registrant:
Barry Dadon
23760 oakfield rd
HIDDEN HILLS, California 92115
United States
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: GREENSTENERGY.COM
Created on: 06-Jan-09
Expires on: 06-Jan-10
Last Updated on: 06-Jan-09
Administrative Contact:
Dadon, Barry barrydadon@gmail.com
23760 oakfield rd
HIDDEN HILLS, California 92115
United States
8182646214 Fax -- 8188843443
Technical Contact:
Dadon, Barry barrydadon@gmail.com
23760 oakfield rd
HIDDEN HILLS, California 92115
United States
8182646214 Fax -- 8188843443
Domain servers in listed order:
NS27.DOMAINCONTROL.COM
NS28.DOMAINCONTROL.COM
Well Dogies looks like Tony has had the Dadons involved behind the scenes almost from day one.
Maybe they are all over in Cannes preapring for the festival and don't even know the site is down.
Yeah folks this one is really starting to smell isn't it?
new message for www.greenstenergy.com
Now when you type in the Green Street's website address you are
redirected to http://sites.securepaynet.net/redirect_0.html where this message is displayed.
OOPS!
This site is currently unavailable.
If you are the owner of this site, please contact us at 1-480-505-8855 at your earliest convenience.
Somebody give Tony Cataldo a call and let him know. Maybe this was Bruce Nelson's area of responsibility before he resigned.
No Runn its stil down. WHEN it gets back up maybe he can PR it.
I'm kinda wondering with website down, lack of CEOcast coverage, and Bruce Nelson resigning if maybe Tony has already run out of money.
If so, it would set a world record even for Tony of sucking the money out of a company.
Or maybe Mike Pruitt has got that GE Capital loan all lined up.
I predict stock at under a dime before June 1.
bloodhound
Bloodhound,
Does that link work for you? I still can't get on their website.
Green Street does own 160 acres of California land . Best chance for stockholders not to suffer the long term fate of all prior Cataldo company stockholders is if gold, platinum, uranium, or oil is discovered on those 160 acres.
So far in April 2009 a grand total of 2300 shares of GSTY have been traded.
Only just over 350,000 shares have traded in all of 2009.
Heck, I bet even CEOcast.com is having a hard time cashing out their 250,000 free shares.
Ceocast gets from M-Wave, Inc.: ten thousand dollars per month and two hundred fifty thousand shares of stock for a one year agreement
Here is last newsletter "coverage" CEOcast they did for their free stock and $ 10,000 a month, back on 2-22-2009 almost 2
months ago.
"Green St. Energy (OTCBB: MWAV), a company developing a portfolio of renewable wind energy assets, continues to develop its wind farm operations in the Tehachapi, California area, as the company announced in a regulatory filing last week that it has entered into an option to purchase additional land in Tehachapi. Under the terms of the agreement, the company obtained a three-year option to purchase 4,840 acres of unimproved property in the Tehachapi region in exchange for a three year $16 million convertible debenture. The agreement follows the prior acquisition of a 160 acre parcel of land in the area which was given a power capacity factor rating of "Excellent" by a leading global energy assessment firm, suggesting that the acreage will provide especially favorable wind shear to be used to generate electricity. Green St. plans to move aggressively towards obtaining the necessary permits to allow wind energy production on its newly acquired acreage and expects resistance to be at a minimum due to a favorable legislative environment and the existing infrastructure of transmission lines in the region, in addition to the increased awareness amongst investors regarding the need for alternative energy sources which should serve to increase access to financing. Shares lost nineteen cents on the week to close at $0.45."
Don't you wish you could get $ 10,000 a month for releasing Cataldo drivel once a month or once every other month?
Tony does take care of his friends though.
I'll bet Michael Wachs (Ex-con who runs CEOcast) , David Firestone (Mercator Funds) and especially David Dadon (Nacelle Compnay and joint venture partner on 13 Tony Cataldo involved films being released next month in Cannes and receiptent of $ 260,000 of GSTY's $ 457,000 in cash) think that Tony "hung the moon".
On the other hand the retail stockholders of Senetek, Miracle Entertainment, Calypte Biomedical, Brand Partners, Multicell Technologies, and especially VoIP, Inc., not so much so.
Wonder what "Safe Harbor" Cataldo will tell us in his next pronouncement?
Perhaps an announcement that the website is again functional?
Serious question. Does anyone who reads this message board actually own any GSTY stock? Also has anyone actually bought any GSTY stock since Tony Cataldo and his cronies took over? If so, why? Please give us your reasons.
Good news !! The Green Street Energy (GSTY) website has been updated with all the Bulls**t removed. Please look at the "no spin" info available on the "facts only" website.
http://wwww.greenstenergy.com
Well I think we now know about Tony Cataldo. But what about the other employees. Lets look at VP Gerry Dameron, the experienced "Wind Guy". What info is available about his history.
http://www.windaction.org/news/15239
http://www.windaction.org/news/14315
http://www.climatebiz.com/feature/2008/04/30/can-rec-market-self-regulate-and-remain-credible
Definitely fits into the Cataldo business associate profile don't you think?.
Right in there with Dadon, Emmet, Furla, Firestone, and Michael Wachs.
Man you couldn't make this stuff up.
GSTY website http://www.greenstenergy.com still missing in action.
I'm sure we will find it though as I have the Coasters and Del Shannon helping us look for it;
while you are waiting for Grren Street to get its website fixed perhaps you will enjoy another site mentioning Tony Cataldo
http://www.corycataldo.com/FEATURES.html
Wonder where Tony gets all the money to produce all these movies?
www.greenstenergy.com is still down....
perhaps CEOcast.com should bhe notified eh group. They can announce it on the next newsletter.
You know." After 10 days of no stock sales and Bruce Nelson resigning as director the stock price of GSTY drops 50% to $ .15 on sales of 750 shares. Also the Green Street website http://www.greenstenergy.com is not functioning.
On a more positive note Tony Cataldo the CEO of GSTY and a long time friend David Dadon will be releasing 13 of their jointly produced films at Cannes in less than a month. By a very unique coincidence GSTY paid David Dadon $ 260,000 in cash and a 16 million dollar convertible note for an option to buy some of David's acreage in California."
Man you couldn't make this stuff up. No one would believe you.
Good news the bid is now up to $ .06 a share. ask still $ .30
when I type in www.greenstenergy.com this is what I get:
Not Found
The requested URL /samples/greenstenergy/temp/index.html was not found on this server.
Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
--------------------------------------------------------------------------------
Apache/1.3.41 Server at www.citruspixel.com Port 80
...................................................
Perhaps Mr. Pruitt or Mr. Ficklewicz can get this fixed.
LOL
Someone finally bought 750 shares and the bid immediately dropped to .02 fwiw.
Well Bloodhound
We both know its not the first time that a company he has led has had their website shut down.
HMM,
when I tried the Green Street Energy website (www.greenstenergy.com) just now it did not come up.
Maybe they decided to take the site down to remove reference to Bruce Nelson as a director.
Or perhaps to take off the Tony Cataldo and Magic Johnson picture of 9-14-2004 that was incorrectly labeled as "Opening the New York Stock Exchange". (it was actually the AMEX)
Or maybe they were late making the monthly payment on the website, who knows?
In lieu of the Tony and Magic Johnson photo. Perhaps a photo of
1. Tony thanking MEMI stockers for "not bringing weapons" to the stockholders meeting after he did a 900-1 reverse split.
2. A photo of Tony projecting 23-25 million in sales and a 5 million dollar profit for 2004 for Calypte Biomedical based on "orders on hand". ("Orders on hand" which he later had to admit did not exist in the next 10Q filing.)
3. Or perhaps his famous quote at Calypte where he said on several occasions: "Urine you could bathe in it, you could even drink it......"
4. Or perhaps a photo of Tony with his arm around David Dadon with caption." Tony Cataldo and David Dadon announce the release of 13 of their joint films at 2009 Cannes Film Festival."
5. Or Tony Cataldo states that VoIP,Inc. to reach cash flow positive in April 2007.(Needless to say THAT never even came close to happening.)
6. Tony Cataldo explains installing the "fully diluted" free share program for company insiders.
The only one that for sure won't appear will be one that says:
"Projection made by Tony Cataldo actually achieved".
The 5-15-2009 10Q ought to be doozie.
OOPs its 10 trading days since anyone bought any GSTY stock.
19 trading days when no one bought GSTY stock
9 trading days when no one bought stock in GSTY. Have the investors gone sane?
Maybe Tony could find a T. Boone Pickens article to VERIFY wind power to help jump start his stock. Nevermind the fact that GSTY has no revenue and no machinery in place on the 160 acres they own much less the 4000+ that are under option for $ 16,000,000 in convertible debt at 5% interest.
Tony Cataldo borrows a phrase from Barack O'Bama this spring.
"Yes we Cannes, yes we Cannes"
Makes you wonder if the same thing will happen here.
I hope not. Personally I enjoy reading the sec filings of his companies lol. JMHO
Hey lets be fair to Tony.
Sure he abandoned his CEO position at last compnay and left them twisting in the wind. And yes all of his companies he ran prior to that he left at stock prices lower than when he arrived there.
But he is also a director at Family Room Entertainment (FMYR). How is that working out?
HMM
LOS ANGELES--(BUSINESS WIRE)-- Family Room Entertainment Corporation (Pink Sheets:FMYR), "Company's securities as of March 27, 2009 have been delisted from quotation on the OTC:BB and will trade on the Pink Sheets due to the company's inability to report its second quarter 2008 results in a timely manner. FMYR also intends to file a Form 15 with the Securities and Exchange Commission to deregister the Company's common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended. The Company will file the Form 15 upon determination that the number of record holders to be less than 500 on such date. As a result of the filing of the Form 15, the Company's obligation to file certain reports and forms, including Forms 10-K, 10-Q and 8-K, with the SEC will be suspended. FMYR expects the registration of its common stock will be terminated 90 days after it files the Form 15 with the SEC. As a result of deregistration, the company's securities will not be eligible for trading on any national exchange or the OTC Bulletin Board; however, the company's securities may be eligible for quotation on the Pink Sheets by broker dealers.
FMYR's Board of Directors voted unanimously to file the Form 15 after careful consideration of the advantages and disadvantages of continued reporting to the SEC. Suspending the company's SEC reporting obligations will allow it to avoid the substantial expenses associated with reporting compliance."
Looks like the Cataldo "Magic" is at work there as well, doesn't it?
Would the directors and officers of MWAV that voted Tony as a director here and picked him to head the shell company Green Street Energy please step forward and give their explanation for doing so.
Is it: "We thought it would make Turek look good by comparison?"
Article about Tony Cataldo's last company where he served as CEO.
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 59750 / April 13, 2009
SECURITIES AND EXCHANGE COMMISSION SUSPENDS TRADING IN VOIP, INC. FOR FAILURE TO MAKE REQUIRED PERIODIC FILINGS
The Securities and Exchange Commission (Commission) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act), of trading of the securities of VoIP, Inc. of Altamonte Springs, Florida at 9:30 a.m. EDT on April 13, 2009, and terminating at 11:59 p.m. EDT on April 24, 2009.
The Commission temporarily suspended trading in the securities of VoIP because of questions that have been raised about the lack of current and accurate information concerning the securities of VoIP because it has not filed not filed an Annual Report on Form 10-K since December 31, 2006 or periodic or quarterly reports on Form 10-Q for any fiscal period subsequent to its fiscal quarter ending September 30, 2007.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 5515777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to VoIP securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information which may relate to this matter, he should contact Teresa J. Verges, Assistant Regional Director, at the Miami Regional Office of the Securities and Exchange Commission, at (305) 982-6384.
Question:
If Tony formally resigns as CEO and director(or worse doesn't formally resign but sneaks off into the night unannounced like his last CEO position at VoIP. Inc.) does he still get the millions of free shares "earned" based on his 10% "fully diluted" deal?
I made a mistake and wish to correct.
I incoreectly said that Tony Cataldo and David Dadon and family were relaesing 7-8 of their joint venture films at Cannes this year. That is incorrect.
Tony Cataldo and the Dadons are releasing 13 films at the Cannes Film Festival this year (May 13- May 24) according to this article.
http://tonycataldo.blogspot.com/search?updated-min=2009-01-01T00%3A00%3A00-08%3A00&updated-max=2010-01-01T00%3A00%3A00-08%3A00&max-results=13
I wonder if there is any significance to the fact that 13 x $ 20,000 = $ 260,000
Of course with GSTY's first quarter 10Q due out by May 15, 2009 and the customary Conference Call shortly thereafter to discuss these results, it is a pity Tony will be tied up with GSTY matters here and won't be able to make it to Cannes in time for the start of the Cannes film festival.
I guess Tony could release the 10Q on May 1, have the conference call and still have time to make the festival at Cannes. (Lets hope he doesn't make the trip on the GSTY expense account however.)
By the way anyone heard when the conference call to discuss 10K released 3-31-2009 will take place? Surely Tony will want to answer everyone's questions :
1. Tony's contract? salary, expenses etc.
2. 10% "fully diluted" deal for Tony with another 9% to cronies?
3. $ 10,000 a month to CEOcast(run by ex-con Michael Wachs) to "cover" GSTY?
4. GE Capital loan? In the works?
5. Does Bruce Nelson still get his 3% of the "fully diluted sales" considering he just resigned?
6. Did Tony get his free 2.9 million shares (based on convertibility of 16 million dollar "option" paid to good buddy David Dadon's company for California acreage) within 10 days of quarter one ending as per SEC filing.
I am sure Tony will want to give details on all of the above, aren't you?
Tony "I like my deal" Cataldo
By agreement with the Company, the Reporting Person is entitled to receive additional Common Stock grants from time to time during the calendar year 2009 to assure Reporting Person has the right to maintain beneficial ownership of the Company's Common Stock in the equivalent of a minimum of 10% (ten percent) of the fully diluted (issued, options, and warrants) shares of Common Stock. The Company will issue any additional shares to the Reporting Person pursuant to said agreement provision within ten (10) days of the end of a fiscal quarter. As of December 31, 2008, the Company had 5,117,185 fully diluted shares. Grants will be subject to shareholder approval at the next annual meeting.
...................................................
Wtth the $ 16,000,000 in converible debt (convertible to 29,000,000 shares) owed to pal David Dadon for the "option" to purchase Dadon's acreage in California, Tony picks up 2,900,000 "Free Shares" that should now be is his possesion as per SEC filing wording above (including issued,options, and warrants).
2.9 million free shares. Just in time too as Tony has 7-8 films premiering at Cannes Film Festival in about a month (May 13 - May 24). Or is that Re-Premiering Tony?
Perhaps Tony will be known as Tony "Wind Man" Cataldo at the Festival.
According to Yahoo Finance:
Total number of shares of GSTY stock purchased in April = 0
Total number of GSTY directors resigning in April = 1
Welcome to Cataldoville
Still no one clueless enough to buy stock in a Cataldo run company. Wonder if this will last all week?
Another day when no one bought any GSTY shares. Has everyone wised up to Cataldo?
First rat off the "good ship" Green Street?
b) Effective April 1, 2009, Bruce K. Nelson a director and chairman of the Company’s audit committee resigned from the Company’s Board of Directors to pursue other business interest.
I believe this was "3%" Nelson wasn't it?
Not much activity in the GSTY "pit" for the last couple of days. No one rushing forward to buy or sell shares.
I see the front page of the Green Street website ( http://www.greenstenergy.com )still has the incorrect caption of Tony Cataldo and Magic Johnson at New York Stock Exchange opening.
They were actually at the bell ringing of the American Stock Exchange (AMEX), not the NYSE.(Of course now that NYSE Euronext has bought AMEX in 2009 I am sure Tony will use that as "justification" for the caption on that 2004 photo.)
This "bell ringing ceremony" was on September 14, 2004 for Calypte Biomedical (AMEX: HIV). HIV Stock opened at $ .50 on AMEX in August 2004. It had dropped to $ .39 by the time of the 9-14-2004 bell ringing ceremony pictured on the website and 2 months later on 11-14-2004 it was down to $ .18 and Tony resigned with a million dollar golden parachute to "pursue other interests."
Guess being factually accurate is not a concern for Tony. Maybe be can label the photo and its description as "safe harbor" material. Extremely misleading at best, and knowingly false at worst, this type of "advertising" is par for the Cataldo course.
Nice find bloodhound,
If any single person that gets free shares decides to for whatever reason cash them in, this stock isn't worth a nickel IMO. Directors already resigning? Took almost a year for that to happen in his last company didn't it?
I don't blame Bruce Nelson for resigning.
Would you as a director feel comfortable telling someone that you as a director approved the giveaway of 19% of the company to insiders on fully diluted deals? (including 3% for yourself?)
Would you feel comfortable telling someone that you approved giving away more than 50% of the company's total cash and incurring 16 million in 5% debt for an "option" to buy land from CEO's movie buddy?
And one has to wonder just what insurance company was willing to write Directors and Officers insurance on a company headed by Tony Cataldo.
If by any chance the answer to that question is that no insurance company is providing Directors and Officers insurance, look for other directors to be making similar decisions to Mr. Nelson.
Maybe the answer to the question of what company provides the Directors and Officers insurance and what limits of coverage they provide can be answered by Tony at the next conference call and Q and A session. By the way when is the conference call to discuss the 10K scheduled for anyway?
Bruce quit too early. The first distribution of free shares is scheduled for this Friday April 10th, isn't it?
Tony Cataldo = Always fun to watch.
8K out!!!
(b) Effective April 1, 2009, Bruce K. Nelson a director and chairman of the Company’s audit committee resigned from the Company’s Board of Directors to pursue other business interest.
Question is does Bruce get to keep hois 153,000 nickel stock options and his 3 % of "fully diluted" shares granted to him?
By agreement with the Company, the Reporting Person is entitled to receive additional Common Stock grants from time to timeduring the calendar year 2009 to assure Reporting Person has the right to maintain beneficil ownership of the Company's Common Stock in the equivalent of a minimum of 3% (three percent) of the fully diluted (issued, options, and warrants) shares of Common Stock. The Company will issue any additional shares to the Reporting Person pursuant to said agreement provision within ten (10) days of the end of a fiscal quarter. As of December 31, 2008, the Company had 5,117,185 fully diluted shares. Grants will be subject to shareholder approval at the next annual meeting.
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Green St. Energy (OTCBB: MWAV), a company developing a portfolio of renewable wind energy assets, announced the results of an appraisal conducted by a leading global energy assessment firm, 3TIER, that have significant implications for the value of the company's newly acquired acreage in Tehachapi, California, a desert area known for its prolific production of wind energy. The independent report estimated the average wind speed at the Green St. Energy location to be 7.8 meters per second, or 17.5 mph. This means that the firm is 68% confident that the true wind speed at the location is between 14.5 and 20.4 mph. The report also estimated that the power capacity factor at the location, a common assessment tool for wind farm viability, is 40%, which is considered excellent by industry standards. Existing wind farms have been financed and successfully operated with capacity factors in the 28% to 30% range, suggesting that Green St. has acquired a property with significant potential for wind power generation. The report could help in attracting developmental partners and financing. The highly desirable characteristics of the acquired land, taken in conjunction with the high number of preexisting wind farms and infrastructure in the area could greatly enhance Green St.'s ability to generate significant revenues from the project. Shares closed up 29 cents on the week, finishing at $0.51.
Green St. Energy Completes Acquisition of Highly Desirable Property in Tehachapi, California to be Used as Wind FarmAccording a report issued by 3TIER, a leading global energy assessment firm, the estimated power capacity factor at the location, a common assessment tool for wind farm viability, is 40%. This rating is considered Excellent by industry standards. Many existing US wind farms have been financed and are being operated successfully at 28% to 30% capacity factors; thus, the Green St. Energy Tehachapi site rating by 3TIER indicates a wind power capacity that is approximately 33% greater than average standards for finance-able wind farms in the US market. The 40% power capacity rating is an annual average power capacity based on a turbine-type that is typical for the property.
"We are excited to acquire the first property in such a highly desirable area for wind to energy projects," said Tony Cataldo, M-Wave's Chairman and CEO. "We plan on moving aggressively to obtain the necessary permits to allow energy production on the farm. Due to the favorable legislative environment, existing infrastructure including transmission lines and strong interest from construction and development partners, we are optimistic that we will be able to begin energy production quickly relative to properties located in other areas of the country. We are also actively focused on completing the acquisition of the balance of the acreage from this owner."
About Green St. Energy
Green St. Energy has assembled a strong management team and advisory group with high level wind industry relationships with companies such as GE Wind, Vestas International, and the American Wind Energy Association. The company is poised to bring numerous high value assets into their renewable energy project portfolio over the coming 8 to 12 months. The firm can be contacted at: 123 Green Street, Suite 1000, Tehachapi, California 93561. CEO Anthony Cataldo can be contacted at: (310) 556-9688.
Additional details on the transaction may be found in the Company's 8-K filing. Actual results and the timing of certain events discussed herein could differ materially from those projected in or contemplated by forward-looking statements due to a number of factors, including but not limited to, the risk factors and other disclosures contained in M-Wave, Inc.'s annual reports on Form 10-KSB for the period ended December 31, 2007, and the other disclosures contained in documents filed by the Company with the Securities and Exchange Commission.
SOURCE: Green St. Energy
CONTACT:
CEOcast, Inc. for Green St. Energy Dan Schustack, 212-732-4300
Copyright Business Wire 2009
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KEYWORD: United States North America California INDUSTRY KEYWORD: Energy Alternative Energy Other Energy SUBJECT CODE: Contract/Agreement Merger/Acquisition
The FirstLook Report also estimated that the power capacity factor at the location, a common assessment tool for wind farm viability, is 40%.
This rating is considered Excellent by industry standards. Many existing US wind farms have been financed and are being operated successfully at 28% to 30% capacity factors; thus, the Green St. Energy Tehachapi site rating by 3TIER indicates a wind power capacity that is approximately 33% greater than average standards for finance-able wind farms in the US market. The 40% power capacity rating is an annual average power capacity based on a turbine-type that is typical for the property.
"We are excited that a leading energy consulting firm has determined that the wind speeds at the land are so strong," said Tony Cataldo, Green St. Energy's Chairman and CEO. "This has important implications for our ability to attract developmental partners and financing for the project. We believe there is significant upside potential for the Property and are confident that the infrastructure in place in Tehachapi, the long history of wind project success in the Tehachapi region and highly attractive characteristics of this land enhances our ability to generate significant revenue from this Project."
The Company also announced today that it has changed its name from MWave, Inc. to Green St. Energy to better reflect its current business and operations.
About Green St. Energy
Green St. Energy has assembled a strong management team and advisory group with high level wind industry relationships with companies such as GE Wind, Vestas International, and the American Wind Energy Association. The company is poised to bring numerous high value assets into their renewable energy project portfolio over the coming 8 to 12 months. The firm can be contacted at: 123 Green Street, Suite 1000, Tehachapi, California 93561. CEO Anthony Cataldo can be contacted at: (310) 556-9688.
About 3 TIER
3TIER is an energy assessment and efficiency company: the Firm provides the core data and knowledge for clients to make the best decisions regarding their investment in a renewable energy generation technology. The Firm uses sophisticated computer modeling systems, in-house expertise and reliable delivery mechanisms to forecast both the short-term intermittency and the long-term availability of renewable energy. The Firm provide utility-scale, scientifically based assessment and forecast products and services to our clients. Founded in 1999, 3TIER is a privately-held, equal opportunity employer based in Seattle, WA with offices around the world.
Additional details on the transaction may be found in the Company's 8-K filing. Actual results and the timing of certain events discussed herein could differ materially from those projected in or contemplated by forward-looking statements due to a number of factors, including but not limited to, the risk factors and other disclosures contained in M-Wave, Inc.'s annual reports on Form 10-KSB for the period ended December 31, 2007, and the other disclosures contained in documents filed by the Company with the Securities and Exchange Commission.
SOURCE: Green St. Energy
CONTACT:
CEOcast, Inc. for M-Wave Dan Schustack, 212-732-4300
Copyright Business Wire 2009
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KEYWORD: United States North America California INDUSTRY KEYWORD: Energy Alternative Energy Other Energy SUBJECT CODE: Product/Service
The corrected release reads:
M-WAVE ENTERS RENEWABLE ENERGY BUSINESS THROUGH DEFINITIVE AGREEMENT TO ACQUIRE OF LAND IN PROLIFIC AREA FOR WIND TO ENERGY PRODUCTION
Company to Change Name to Green St. Energy
M-Wave, Inc. (OTC BB:MWAV) or the "Company" announced today that it has entered the renewable energy sector by entering into a definitive agreement to acquire 160 acres of land to be used as a wind farm in Tehachapi, California, Tehachapi, located between Bakersfield, California and the Mohavi Desert is recognized as a prolific area for the production of energy from wind. The Company is also in negotiations with the same land owner to acquire an additional 4,840 acres. Some of the companies with operations in the area include GE Wind, Mitsubishi, Florida Power & Light, Horizon Wind Energy and Vestus. The Company plans to change its name to Green St. Energy to reflect its new operations.
Under the agreement, M-Wave will acquire the land through the issuance of 1 million shares of restricted stock. The land is located at the highest point of the ridge line in the area, which results in a higher level of wind.
"We are excited to acquire a highly desirable area of land in the wind capital of California," said Tony Cataldo, M-Wave's Chairman and CEO. "Tehachapi is the ideal location to develop wind farms, due to the proximity of transmission lines, highly desirable topography and friendly regulatory environment. We believe this land acquisition represents the initial phase of building a world-class renewable energy company."
Additional details on the transaction may be found in the Company's 8-K filing. Actual results and the timing of certain events discussed herein could differ materially from those projected in or contemplated by forward-looking statements due to a number of factors, including but not limited to, the risk factors and other disclosures contained in M-Wave, Inc.'s annual reports on Form 10-KSB for the period ended December 31, 2007, and the other disclosures contained in documents filed by the Company with the Securities and Exchange Commission.
SOURCE: M-Wave, Inc.
CONTACT:
CEOcast, Inc. for M-Wave Dan Schustack, 212-732-4300
Copyright Business Wire 2009
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KEYWORD: United States North America California Illinois INDUSTRY KEYWORD: Energy Alternative Energy Environment SUBJECT CODE: Contract/Agreement
Under the agreement, M-Wave will acquire the land for approximately $16 million, through the issuance of 1 million shares of restricted stock and a Note, convertible into a maximum of $16 million worth of restricted common stock, subject to limitations on conversion amounts and a floor of $0.53 per share. The land is located at the highest point of the ridge line in the area, which results in a higher level of wind.
"We are excited to acquire a highly desirable area of land in the wind capital of California," said Tony Cataldo, M-Wave's Chairman and CEO. "Tehachapi is the ideal location to develop wind farms, due to the proximity of transmission lines, highly desirable topography and friendly regulatory environment. We believe this land acquisition represents the initial phase of building a world-class renewable energy company."
Additional details on the transaction may be found in the Company's 8-K filing. Actual results and the timing of certain events discussed herein could differ materially from those projected in or contemplated by forward-looking statements due to a number of factors, including but not limited to, the risk factors and other disclosures contained in M-Wave, Inc.'s annual reports on Form 10-KSB for the period ended December 31, 2007, and the other disclosures contained in documents filed by the Company with the Securities and Exchange Commission.
SOURCE: M-Wave, Inc.
CONTACT:
CEOcast, Inc. for M-Wave Dan Schustack, 212-732-4300
Copyright Business Wire 2009
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KEYWORD: United States North America California Illinois INDUSTRY KEYWORD: Energy Alternative Energy Environment SUBJECT CODE: Contract/Agreement
M-Wave, Inc. Announces Asset Purchase Agreement
ITASCA, IL, Sep 11, 2008 (MARKET WIRE via COMTEX) -- M-Wave, Inc. (OTCBB: MWAV), a provider of international procurement services, and a virtual manufacturer of customer-specified electronic components, sub-assemblies, and consumer products, announced today that it has entered into an Asset Purchase Agreement (APA) with certain members of its management team which provides that the Company will sell substantially all of the operating assets and the Purchaser will assume certain liabilities of the Company.
On September 10, 2008, the Company announced that Anthony J. Cataldo had accepted appointment as a Class I Director, to hold office until the next stockholders meeting. Mr. Cataldo has joined the Board to evaluate and formulate the future of the Company after the anticipated consummation of the APA.
ASSET PURCHASE AGREEMENT
Joseph Turek, Chairman and CEO, and Robert Duke, divisional president of M-Wave, have formed M-Wave International LLC, an Illinois limited liability corporation (MWI) for the expressed purpose of acquiring the operating assets of M-Wave, Inc. for $500,000 plus assumption of all operating liabilities including but not limited to accounts payable, vendor contracts and employee obligations. Additionally, MWI will extend a $500,000 operating term loan with an effective interest rate of 12% due December 31, 2008. Upon the closing of the transaction, the Company's obligations under the loan shall be extinguished. The closing is conditioned, among other things, upon obtaining shareholder approval of the transaction.
The board of directors accepted input from an engaged third-party investment banker that deemed the transaction to be fair from a financial point of view to the Company. The Company had, as a publicly reporting entity, been losing approximately $30,000 per month throughout the calendar year 2008. As such, the Board of M-Wave believed it could not continue to operate without an infusion of capital. The availability of capital has been generally constrained in the presence of continuing losses.
The Company states there can be no assurances that the APA with M-Wave International, LLC will be approved by stockholders and become effective.
ABOUT M-WAVE, INC.
M-Wave provides supply chain services and sources printed circuit boards, custom electronic components, extrusions, assemblies, and non-electronic products from Southeast Asia. The parts and components sourced are utilized in a wide range of commercial and industrial electronics, contract manufacturing and other consumer products. M-Wave additionally offers domestic and international supply chain services for its second and third-tier customers.
Actual results and the timing of certain events discussed herein could differ materially from those projected in or contemplated by forward-looking statements due to a number of factors, including but not limited to, the risk factors and other disclosures contained in M-Wave, Inc.'s annual reports on Form 10-KSB for the period ended December 31, 2007, its report on Form 10-Q for the period ended June 30, 2008, and the other disclosures contained in documents filed by the Company with the Securities and Exchange Commission.
M-Wave's website is located at www.mwav.com.
Contact:
Jeff Figlewicz
Acting Chief Financial Officer
(630) 562-5550 ext 4720
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