Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That's because he pilfered the cash in record time and is better off waiting to take over at MTCH....Forget about OXIS....the shark will go to the chum(p) with the best chance at providing him and his pals income. Tony knows nothing about wind power, except the hot air that comes out of his mouth.
Wouldn't you like to see Big T on that new CBS show Undercover Boss, where CEO's go to work at their companies? Biggest question would be, which one of the 3 companies would he choose?
Less than 75,000 shares traded in last quarter about $ 7500 in total value.
Another dead company headed by Tony Cataldo.
Happy New Year bloodhound.
Quite the summary.
happy One year anniversary.
Tony was put in charge one year ago today.
End of year results
Zero Sales
All cash spent
No money in bank and still a $ 159 overdraft charge,
Website still down
Still owes well over 12 million on a land "option"
Except for required 10Q there has been nary a peep out of Tony Cataldo for the last six months.
happy One year anniversary.
Tony was put in charge one year ago today.
End of year results
Zero Sales
All cash spent
No money in bank and still a $ 159 overdraft charge,
Website still down
Still owes well over 12 million on a land "option"
Except for required 10Q there has been nary a peep out of Tony Cataldo for the last six months.
You know its bad when Tony can't find money to even buy lipstick for this Pig. And can't afford to pay himself back the $ 20,000 he loaned the company.
Looks like Dadon is tapped out on the money he wants to loan here as well.
Yep same old, same old.... nothing done by Cataldo and Co,
New Financing from Cataldo's $ 300,000,000 of available funding? ...Nope
Website back up?.. Nope
CFO replaced?...Nope
Any revenue from anywhere? ... of course not
Any cash in bank? ... Nope
Paid off $ 159 bank overdraft from last financials 3 months ago?.. Nope
What did show up.
Assets down $ 26,000 prepaid ;expenses down $ 9,000 and Deferred Finance cost (whatever that "asset" is) down about $ 17,000.
Liabilities
Current liabilities:
Accounts payable up over $ 62,000 in third quarter
Accrued Expenses up over $ 186,000 in third quarter (and apparently that doesn't include officers salaries as per going concern clause)
GOING CONCERN
As discussed above, the Company is in process of entering the alternative energy segment, focusing primarily on wind energy. In this regard, the Company has obtained land, has had prepared a feasibility study and has commenced raising funds and completing its business plan. The Company will require substantial funding to meet its goal of developing a wind energy farm. It is the Company's intention to raise capital through private placement of its common stock and through debt financing to meet the capital requirements of its business plan. The Company has no current revenues and expects it will require a substantial amount of time to develop its infrastructure and begin selling energy. The Company has discontinued accruing compensation for its officers until it completes a financing.
These conditions raise substantial doubt about the Company's ability to continue as a going concern. The consolidated financial statements do not include any adjustments that may result from the outcome of this uncertainty.
----------------------------------------------------------------
Also the convertible debenture in long term liability was increased by over $ 100,000
Net result was $ 350,000 in additional liabilities and $ 26,000 less in assets in third quarter. (Not sure whether the interest owed to Dadon on his note paid for land option, currently over $ 900,000 for the year is included in the liabilities column. It does show up in the 1.8 million dollar loss for the year however.)
No subsequent events to report.
One final item caught my eye as well.
The Company’s Chief Executive Officer has reviewed and evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 240.13a-15(e) and 15d-15(e) promulgated under the Securities Exchange Act of 1934) as of September 30,2009the CEO concluded that the Company’s current disclosure controls and procedures, as designed and implemented, are not effective due primarily to a lack of segregation of duties, in ensuring that information ..... Based on that review and evaluation, which included inquiries made to certain other employees of the Company, relating to the Company required to be disclosed in the reports the Company files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, including insuring that such information is accumulated and communicated to the Company’s management, including the CEO, as appropriate, to allow timely decisions regarding required disclosure. As a result of a change in business, the Company was delayed in completing the necessary information to make a timely filing of its report as of March 31, 2009. The Company initiated steps insuring it complied with the SEC filing requirements.
(b) Changes in Internal Controls
In the quarter ended June 30, 2009, the Company hired an accounting consultant to maintain its financial records and another consultant to assist in financial reporting for making required SEC filings. The Company's former CFO left the Company during the first quarter of 2009 and has not yet been replaced. The hiring of the consultants is expected to minimize any significant deficiencies or material weaknesses in internal controls from a financial close and external financial reporting perspective. No additional changes in internal controls were made during the quarter ended September 30, 2009 ( so it didn't appear to help)
_______________________________________________________________
Maybe being the CEO and Chairman of two companies and the the co-chairman of another is too much work even for Tony "I can handle it" Cataldo.
Except for bills mounting up it looks like Tony didn't do ANYTHING at GSTY in third quarter.
For the first time however he may have been paid exactly what he is worth. It appears he didn't draw a salary.
old GSTY can't seem to "get off the dime"
I think they got 5 calendar days starting with Monday even though it was the 16th. I think that's how it works if I'm not mistaken bloodhound.
Is Today The Day?
Lets see if November 14th is the prescribed due date for filing 10Q and:
the subject quarterly report of transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date;
Then today, November 19th, should be the day we see the 10Q right?
Yep Tony now 0 for 3 on filing a 10Q on time here . First second and third quarters.
He was also 0 for 3 in filing third quarter 10Q on time on Monday at all 3 companies he heads of co-heads namely GSTY, OXIS, and MTCH
Well I guess we can say he is "consistent" anyway.
Looks like
They filed for the extension bloodhound.
at Tony's other 2 chairman posts the companies filed 10QNT filings. Will this occur today for GSTY as well?
Or will they get a 10Q filed on time.
Or will Tony forget he is also Chairman and CEO here and not file anything making GSTY elible for a nifty E addition?
Odds of a 10Q filed on time on Monday?
Odds of 10Q on Time ... 25%
Odds of a 10QNT filed ...50%
Odds of nothing being filed...25%
Thats how I see it anyway..
Bloodhound
Action in GSTY stock in 4th quarter . Since 10-1-2009
12-Nov-09 0.10 0.10 0.10 0.10 0 0.10
11-Nov-09 0.10 0.10 0.10 0.10 8,800 0.10
10-Nov-09 0.10 0.10 0.10 0.10 2,100 0.10
9-Nov-09 0.10 0.10 0.10 0.10 0 0.10
6-Nov-09 0.10 0.10 0.10 0.10 0 0.10
5-Nov-09 0.10 0.10 0.10 0.10 0 0.10
4-Nov-09 0.10 0.10 0.10 0.10 200 0.10
3-Nov-09 0.10 0.10 0.10 0.10 300 0.10
2-Nov-09 0.10 0.10 0.10 0.10 0 0.10
30-Oct-09 0.10 0.10 0.10 0.10 0 0.10
29-Oct-09 0.10 0.10 0.10 0.10 1,100 0.10
28-Oct-09 0.10 0.10 0.10 0.10 0 0.10
27-Oct-09 0.10 0.10 0.10 0.10 600 0.10
26-Oct-09 0.10 0.10 0.10 0.10 0 0.10
23-Oct-09 0.10 0.10 0.10 0.10 0 0.10
22-Oct-09 0.10 0.10 0.10 0.10 500 0.10
21-Oct-09 0.15 0.15 0.15 0.15 0 0.15
20-Oct-09 0.15 0.15 0.15 0.15 0 0.15
19-Oct-09 0.15 0.15 0.15 0.15 0 0.15
16-Oct-09 0.15 0.15 0.15 0.15 0 0.15
15-Oct-09 0.15 0.15 0.15 0.15 0 0.15
14-Oct-09 0.15 0.15 0.15 0.15 0 0.15
13-Oct-09 0.15 0.15 0.15 0.15 300 0.15
12-Oct-09 0.10 0.10 0.10 0.10 0 0.10
9-Oct-09 0.10 0.10 0.10 0.10 0 0.10
8-Oct-09 0.10 0.10 0.10 0.10 0 0.10
7-Oct-09 0.10 0.10 0.10 0.10 800 0.10
6-Oct-09 0.10 0.10 0.10 0.10 0 0.10
5-Oct-09 0.10 0.10 0.10 0.10 13,000 0.10
2-Oct-09 0.10 0.10 0.10 0.10 0 0.10
1-Oct-09 0.10 0.10 0.10 0.10 0 0.10
Looks like 27,400 shares traded at $ .10 and 300 shares at $ .15 so far in 4th quarter.
Not exactly setting the world on fire.
Thank goodness tomorrow or Monday Tony will fill us in on all the happenings at the company when he files the 10Q.
$880 worth of GSTY stock traded today
Whoppee!!
Tony Cataldo has a furious last few months:
Here at GSTY he is still looking for funding to pursue the dream of a windpower farm in California and to maximize its situation with Patriot Wind, one of its pup companies. Getting website up and running and finding money to pay the $ 200,000 a quater interest owed to David Dadon on the "option to purchase" is an additional challenge. Still looking for someone to serve as CFO here as well. Still no details on what Tony's contract calls for here at GSTY. Finishing up 10Q due this week.
Over at OXIS where Tony is also Chairman/CEO and Sade Pamihi is also a director the direct mail canmpaign for their products has been declared a success by Tony and Tony has hired a law firm to pursue patent infingment claims. New financing done with October 2009 financiers giving these "investors" stock options at $ .05 on stock presently selling for $ .30 (some things never change)
Tony'S contract still not resolved 6 months after his hire according to 10k. Finishing up 10Q this week as well.
Over at MTCH where Tony just signed on as Co-chairman 2 months ago, and stock has dropped from $ .42 to present $ .08
sees a flurry of daily press releases in early October as well as co-chairman Bernstein selling his stock. "Safe Harbor" Tony right at home here and Sade signs on yet again as director of company. No details on what Tony's contract at MTCH.
Constants
1. All these companies are losing money
2. Tony is Chairman or Co-chairman at each and CEO at 2
3. Sade Panahi is a director at each company.
4. None of these companies have released what "Tony's Deal" is as respects what he is paid, perks etc.
In additioon at VOIC where Tony (as CEO) abandoned the company in April 2008, there is still no news on the billion dollar patent infringment suits being pursued by the Ball Law firm or the click to call Rasrclick company owned by VOIC.
Yes with all thats going on I bet Tony hardly has time to keep up with the 13 movies he co-produced with David Dadon or helping his son Cory Cataldo with his movie production career.
Will there be a 10Q NT in the near future on any of the above?
Tony, Gerry, Sade, and David Dadon are "holding down expenses".
No Press Releases
Only one (required) SEC filing
Website down
Tony and Sade take second jobs.
Maybe they have been working hard "under the radar" during this 3rd quarter to access the $ 300,000,000 of available funding they listed on their website (when it was up).
Maybe they have been signing contracts for their "pup" company Patriot Wind.
Maybe Tony and David Dadon as CEO and majority stockholder of the company respectively will head to Wall Street to get funding based on their stellar business reputations.
Maybe Tony will file the missing 10K from his prior company VOIC
Maybe Tony and David will make enough on "Jungle Juice" to fund this company.
To Tony and Sadegh?
Oh, it's cryin' time again, you're gonna leave me
I can see that far away look in your eyes
I can tell by the way you hold me darlin' Oooh
That it won't be long before it's cryin' time
Now they say that absence makes the heart grow fonder (fonder)
And that tears are only rain to make love grow
Well my love for you could never grow no stronger (stronger)
If I lived to be a hundred years old
Oh, it's cryin' time again, you're gonna leave me
I can see that far away look in your eyes
I can tell by the way you hold me darlin'. Yeah now
That it won't be long before it's cryin' time
Now you say you've found someone that you love better (better)
That's the way it's happened every time before
And as sure as the sun comes up tomorrow ('morrow)
Cryin' time will start when you walk out the door
Oh, it's cryin' time again, you're gonna leave me
I can see that far away look in your eyes
I can tell by the way you hold me darlin'. Alright now
That it won't be long before it's cryin' time
(That it won't be long before it's cryin' time)
Hello Matech!!
The Sounds Of Silence
Usually not a good sign from a Tony Cataldo company.
See VOIC
Tony, Sade, Gerry quietly and politely drawing a salary and working on plans to "Save" GSTY? (Well that and a couple of them getting second jobs, but hey thats what this economy is all about isn't it?)
Wonder when Tony will announce that he has "tapped into" that $ 300,000,000 of available funding he was touting on the company website (when it was up that is)?
Talk about zero action here. Only action was 10Q filing and fact that Tony and Sade found "positions" at Matech.
No $ in bank
Website down
No announcement of any funding
Heck if we hadn't stumbled across the Tony Cataldo site and the Dadon videos there would really be nothing going on.
I guess Tony and David will "fill us in" on 11-15-2009 when 10Q for 3rd quarter is due.
Say what you want... Watching Cataldo and his lackeys is an interesting avocation.
But as the Chinese curse says.... May you live in interesting times.
Interesting find bloodhound. EOM
Know the players at GSTY
I have stumbled across two web sites that specifically are devoted to CEO Tony Cataldo and to Majority Stockholder David Dadon.
In the interest of due diligence and public transparency the websites are :
http://www.hotstocked.com/officers/a/anthony-j-cataldo-34488.html
and
http://www.daviddadon.info
In fairness these websites while containing apparently nothing but public info seem a bit biased against these two men.
Since these are the two main people at GreenStreet, I invite others here to share any information or websites that would provide additional information about these two gentlemen and may provide the other side of the coin on these two.
There is also an interview on the Dadon Site with Jacob "I Don't Recall" Dadon, son of David Dadon that is a good watch.
Please draw your own conclusions.
Nice catch IMO. NM
Tony has taken Panahi over to $MTCH as a director.
Yep some things NEVER change
well well Tony Cataldo's second to last company $GSTY up from $.10 to $.15 on 300 share sale.
Tony Cataldo's last company $MTCH down six cents to $.115 on sales of 19 million plus shares.
Sounds about right.
Still Looking to get off the dime.
Anyone heard from CEO Cataldo, V.P. Dameron or majority stockholder Dadon lately?
GSTY
Can't seem to get off the dime..
A Study in contrasts...
Tony Cataldo is CEO here and Co-chairman of Matech (MTCH)
At Matech they have made 7 press releases in last 5 days anoouncing contracts and possible contracts for MTCH.
At GSTY the website is still down and except for the required 10Q in August, the stockholders have heard nothing from Tony.
(Naybe when you have spent all the cash and there is nothing to report ...)
Strangely Tony's "resume" at MTCH listed all his jobs except his CEO job here at GSTY, a very glaring (and perhaps very tellin?) omission
Gone are the Green Streets parched by the sun?
Where have you gone Charming Tony?
The answer my friend is blowing in the wind. The answer is blowing in the wind.
Stock price sitting on a dime. Other than Tony Cataldo taking a new job as co-chairman at MTCH (where interestingly the stock has dropped from $.42 to $.20 in less than 3 weeks since he signed on there. Typical Tony), has anyone heard anything he has been doing for GSTY in his CEO position here?
$ .20 up a nickel on 625 share purchase.
Ivesto or someone must have had an extra $ 125 to prop up the price today.
Anyone heard from Tony the Tongue lately?
Lets Just Say.
Your CEO has run through $ 750,000 cash in his first 6 months
Your CEO left his last job without an announced resignation and failed to file 10K there. Company now delisted. No income and assets auctioned off.
Your CEO has taken a new job as co-executive chairman (according to company filing) or co-chief executive officer (from HIS filing) at Matech MTCH
You haven't heard from your CEO since last 10Q and before that it was an announcement that the accountants quit and were replaced.
Your CEO has not foumd a replaceemnt CFO to replace the one that quit in April.
Your CEO has allowed the company website to go down ..again..
Your CEO's buddy and co-producer of 13 films now owns 70% of stock in company and Company still owes him over 12 million dollars (plus 5% annual interest) on an "option" to buy 4840 acres from him.
You still don't know what salary CEO is paying himself or his one employee .
Your CEO has given himself and his directors a "fully diluted" stock deal.
Who is your CEO?
I think we have it "narrowed down".
10 unanswered questions for GSTY
1. With zero money in bank on 6-30-2009 where was the $ 300,000 borrowed in May spent?
2. Who has been paying the bills since 6-30-2009?
3. What are Tony Cataldo and Gerry Dameron's salaries?
4. Why is the company website no longer up?
5. Why has Tony seen fit to take another job Co-chairman of Matech MTCH? Besides being CEO (and interim financial officer) of GSTY Tony has never formally resigned as CEO of VOIC, and is presently also a director at FMYR as well as being the co-producer of 13 films presented in May at Cannes by GSTY majority stockholder David Dadon. How many hours in a day are there for this hard working guy?
6. Has Tony found a way to tap into the $ 300,000,000 of funding he stated he had access to on the website (when it was up)?
7. Why has www.CEOcast.com not mentioned GSTY once in the last 6 months even though they have been under contract all that time at $ 10,000 a month? (Hey I would have not mentioned them for 6 months at 25% of that amount.)
8. Figlewicz has been gone since early April. Any replacement in sight?
9. Did Tony every get that 1.1 million dollar loan he earlier referenced?
10. Is that a fat lady I hear singing?
www.CEOcast.com the official "coverage' arm of GSTY (and pretyy much all of the "Tony Catald0" companies)
It appears that this is the last mention of Green Street Energy by CEOcast on March 16, 2009 a over 6 months ago.
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.
Nothing since then that I can find.
but yet the contract with GSTY calls for payment to CEOcast
"M-Wave, Inc. ten thousand dollars per month and two hundred fifty thousand shares of stock for a one year agreement,"
$ 10,000 a month for doing absolutely nothing?
Sounds like a Tony Cataldo employment contract to me.
IMHO Hiring Tony Cataldo to run your company is like hiring Mike Tyson to tutor you on dating etiquette.
What was the last Press Release here at Green Street? Was it the announcement that the accountants had quit and were replaced back in May? Or was that just an SEC filing?
Good for Tony to keep the stockholders informed don't you agree?
I believe the only Press Release from Tony was the recent announcement that he had taken on a new job at Matech.
Shades of BPTR announcement while Tony was at Calypte and the FMYR announcement while he was at VOIC.
Tony Cataldo = enough of a man for two companies. Does the work of three men... Larry. Curly, and Moe.
Wow! Tony Cataldo announces he is taking a job at Matech as executive Co-chair and price of GSTY goes up 100% and price of Matech drops by 20-25%.
Does not having Tony around full time double the value of GSTY stock?
New Reality TV show:
"Penny Stock Wheeler Dealers"
Learn the ins and outs of the "penny stock" world
A. Creative Financing
1. Discounted convertible debt with no floor.
2. The "ratchet down" clause
3. The "fully diluted" stock deals for select insider group.
4. Creative "option deals"
5. Free and cheap stock options.
B. Reverse Splits: how and when to use them.
C. Your IR team www.CEOcast.com
D. "Safe Harbor" wording, how to best use it.
E. Directors who to hire, who to fire.
F. Expense and Travel allowances for "key executives"
G. How to write up your "Golden Parachute" deal.
H. Offshore Lenders, details as to who and how to use.
I. How to push "Gross Profit" to the newbies.
J. CEO, CFO, Chairman, Co-Chairman , Executive Co-Chairman, and Director dutries and responsibilities (and pay) of each office.
K. How get Celebrity spokespersons and directors (an incomplete story)
L. How to "discard" companies once the cash is all gone.
Yes a reality show about the sordid underbelly of the stock market.
Putting J.R. Ewing and Gordon Gekko to shame as mere amateurs.
I think we all know who the resident "Emeritus" expert will be don't we.
No he probably just upped the number of free restricted shares. LOL
from earlier post:
Well, I am no thief, but a man can go wrong when he's busted
The money we had the first of the year is gone and I'm busted
The fields are all bare and there's no windmills to show,
Me and my family got to pack up and go,
But I'll make a living, just where I don't know cause I'm busted.
.............................................................
Apparently the answer is Tony will be "upping his income" by being Co-Executive Chairman at MATECH Corp (MTCH).
I can hear it now:
"I upped my income at MATECH. Up Yours!"
Tony Cataldo agrees to "help" another company.
LOS ANGELES, CA -- 09/09/09 -- MATECH Corp. (OTCBB: MTCH) (MATECH) is pleased to announce that the Company has appointed Tony Cataldo as Co- Executive Chairman of MATECH.
Tony Cataldo served as Chief Executive Officer and Chairman of VoIP, Inc. from September 2006 through April 2008. During the past five years, Mr. Cataldo has served as non-executive chairman of the board of directors of BrandPartners Group, Inc., a provider of integrated products and services dedicated to providing financial services and traditional retail clients with turn-key environmental solutions from October 2003 through August 2006.
Mr. Cataldo also served as non-executive co-chairman of the board of MultiCell Technologies, Inc., a supplier of functional, non-tumorigenic immortalized human hepatocytes from February 2005 through July 2006. Mr. Cataldo has also served as executive chairman of Calypte Biomedical Corporation, a publicly traded biotechnology company, involved in the development and sale of urine based HIV-1 screening tests from May 2002 through November 2004.
Prior to that, Mr. Cataldo served as the Chief Executive Officer and Chairman of the Board of Directors of Miracle Entertainment, Inc., a Canadian film production company, from May 1999 through May 2002, where he was the executive producer or producer of several motion pictures. From August 1995 to December 1998, Mr. Cataldo served as President and Chairman of the Board of Senetek, PLC, a publicly traded biotechnology company involved in age-related therapies.
"Mr. Cataldo brings an extensive knowledge of the public markets and corporate management, and will be instrumental in helping position MATECH into a leading global company," said Robert Bernstein, CEO of MATECH. "We are very pleased to have Mr. Cataldo on board and look forward to working with him on MATECH's exciting new developments."
About MATECH
MATECH Corp., formerly Material Technologies, Inc., was founded in 1983 and is based in Los Angeles. It is an engineering, research and development company that specializes in technologies to measure microscopic fractures in metal structures and to monitor metal fatigue. The Company has already completed significant work for the federal government -- generating $8.3 million to develop technology to detect metal fatigue in aircraft. It has also received $5 million in private investments. Building on that base, it is now marketing its technologies to companies and government agencies involved in the inspection of metal highway and railroad bridges. To learn more, go to www.matechcorp.com.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "revolutionary," "should," "ideal," "extremely" and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Contact:
MATECH Corp.
Robert Bernstein
310-208-5589
matech@matechcorp.com
www.matechcorp.com
Funny that Tony doesn't mention his CEO job at GSTY in his bio isn't it?
Step right up folks. and get your GSTY stock. 10 cents, one thin dime , one tenth of a dollar.
GSTY..... New Theme Song for Tony Cataldo.. "I'm Busted"
Our bills are all due and Dadon's interest too and I'm busted
The stock is down to a dime this time around, but I'm busted
The fundings dried up, the website went away
We got a big stack of bills that gets bigger each day
and I can't find a CFO to stay, cause I'm busted.
I went to David to ask for a loan cause I was busted
I hate to beg like a dog without his bone, but I'm busted
David said there ain't a thing I can do,
I spent all my cash in Cannes working our films too
And I was just thinking about calling on you 'cause I'm busted.
Well, I am no thief, but a man can go wrong when he's busted
The money we had the first of the year is gone and I'm busted
The fields are all bare and there's no windmills to show,
Me and my family got to pack up and go,
But I'll make a living, just where I don't know cause I'm busted.
I'm broke, no bread, I mean like nothing,
(TIC)
For amusement of the readers here.
GSTY..$ .05... finally hit a nickel.
The "option" price on all those fully diluted shares the "insiders" have. Only a 100 share trade. Was this a "signal"?
bloodhound
Maybe 2 mm's playing around with the same shares? You never know.
halleleuja!!!
another 1500 shares bought today at $ .20 ask.
Looks like there are still a few people left "who can be fooled all the time" still buying stock.
Followers
|
7
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
607
|
Created
|
10/18/08
|
Type
|
Free
|
Moderators |
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
-0-
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
-0-
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
-0-
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
-0-
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
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |