Gulf Alternative Energy Corp. (GAEC)

[Our-Street]

More on that "independent" CFA report. It seems that ol' Chet Gutowsky works with Southfield Energy Corp
http://www.southfieldenergy.com/our_team.html

which is located at
Southfield Energy Corporation
1240 Blalock Rd., Suite 150
Houston, Texas 77055

Gulf Ethanol lists their offices at "Suite 200"

Who else works at Southfield Energy? Why it's Jonathan Gilchrist, owner of Goldbridge Capital. Jonathan is the Chairman of the Board at Southfield among other things.

He also is the owner of Goldbridge Capital, a managing partner in Goldfield Energy, Chet's company.

Jon is a busy guy and also is the controlling shareholder in Hepplewhite corporation

http://sec.edgar-online.com/2007/04/13/0001372198-07-000052/Section10.asp

which owned(s) 2,000,000 shares of GFET.


Arms length, independent analysis? I don't think so.

Interestingly, Gilchrist also owns a boatload of AEND Stock and Chet Gutowsky has done a similar pump job on that stock with his "independent" analysis. Coincidence? I don't think so.
The company says he was not compensated.. So, do you think he did it for free??????????

I have looked for other Gutowsky analysis and found none.


There's more to come. Failures to disclose ownership.. questionable promotions with brand new companies... You know. typical pump and dump stuff.

All just my opinion, of course.. do your own due diligence.

[shortsinthesand]

just about every stock related web site you go to... Raging bull is where I first saw it even saw it on IH... Seen on my zecco trading site and a few more....

Its been out there like this since my original post on this board as that is the date I started following the stock.

-shorts

[Our-Street]

petermic - google hot energy stocks and look at the sponsored link at the top of the search page.

look on ihub it is blanketed here with those large banners at the top, bottom and also, if you are a free subscriber on the in-message banners. It is found on lots of other sites as well. They have been flooding the web with these ads. Of course, with the market closed and a weekend ahead, it looks like they are done for the day.

As they find out I am on to them, you may see them decrease or disappear entierly. We will see on Monday.

There is so much more.. volumes really.

[petermic]

shorts:

Where do you see this advertising for GFET? I want to see some.

thanks, Peter

[Our-Street]

They are stuffing their pockets with both hands and a shovel..242,000 shares traded today.. at above $1.80. You do the math. Someones pockets are being filled in a big way every day as more suckers buy into this stock. In fact, there is a big ad right below this as I post for it.

[shortsinthesand]

that would make sense from seeing the huge amount of advertising were seeing?

The nature of the ads are paid for in cash not stock so somebody has deep pockets....

-shorts

[Our-Street]

Probably one of the the same accounts the money is flowing into when stock is sold into the buying created. Someone is feeding the buying created an d I seriously doubt the company is paying for all the ads while the large shareholders are reaping the rewards.

[shortsinthesand]

they sure seem to have plenty of money for advertising?

where does it come from?

-shorts

[Our-Street]

OK - This stock is a scam!
I have done my DD and that is my opinion on the matter. Further I think it should and likely will be halted or subject to SEC action at some point in the future. Naturally, as a concerned citizen, I have reported my findings to the SEC. That is the responsibility of all members of the investing public.

GFET was founded by Jack and Darrel Uselton, two serial stock scammers who are currently facing criminal and civil charges for a massive stock swindle. GFET was not mentioned in those charges however.

The analysts report is corrupt. I will prove that in another post. The recent relationship with Meridian Biorefining looks bogus as can be. There is evidence of undisclosed ownership of stock. In general, there isn't much about this company that is straightforward except perhaps the most recent quarterly financial statement which confirms $16k in the bank and little else in the way of substance to this company.

At the center of this sits a group of guys with William Carmichael assuming low post position, in my opinion, and Tom Cloud sitting in the co-pilot's seat.. even though he is the designated CEO. I see Carmichael as the primary because it's his name on the press releases and someone is running this promotion. Since Carmichael is the deal guy with his name on a lot of deals, he seems the logical choice. Still, they are both knee deep into this deal.

I will get into more detail in subsequent posts. I just wanted to go on record.

[Our-Street]

Investors warned over pump-and-dump energy scams
Tue Oct 23, 2007 12:25 PM ET

By Jonathan Stempel

NEW YORK, Oct 23 (Reuters) - A U.S. securities regulator on Tuesday warned investors to be wary of scams touting huge potential profits from energy-related stocks, when the only people likely to make money are those running the schemes.

The Financial Industry Regulatory Authority said it has identified an increase over the last several months in the "pump-and-dump" schemes, which are pitched via e-mail, fax and cell phone text messages.

That increase dovetails with a surge in oil prices that shows no signs of abating, after prices doubled over the last two years. On Friday, the price of a barrel of oil briefly went above $90 <CLc1>.

"Scammers tend to take advantage of what's hot in the news," said John Gannon, a FINRA senior vice president of investor education, in an interview. "Oil prices have been climbing for quite some time, gas prices are always in the news, and scammers are pitching schemes to take advantage of investors looking for a quick buck."

In a typical pump-and-dump scam, a firm touts small, little-known companies -- the "pump" -- with baseless price predictions, misrepresentations and hyperbole.

The idea is to create artificial demand to boost companies' stock prices. Scammers then sell their own shares at a profit -- the "dump" -- causing prices to fall, and saddling investors with losses.

In one scam, investors were told to expect huge returns if they invested "RIGHT NOW" with a Texas energy company that had entered a venture with a $23 billion Chinese oil monopoly.

In another, investors were promised they could "stuff their pockets" by investing in a "Texas dynamo," turning a $5,000 investment into $26,500 in as few as four months.

Gannon said most investors know better, but that "it takes only a few for scammers to make money."

The U.S. Securities and Exchange Commission has warned of similar scams touting oil and gas investments.

Gannon said investors should "exercise skepticism," consider the source of a pitch, and determine whether the stock being touted trades on a major platform such as the New York Stock Exchange or Nasdaq. Gannon also advised people to review a company's finances and business prospects before investing.

"There are many global, blue-chip companies with well-diversified portfolios that investors can choose from if they want to invest in energy markets," Gannon said. "These companies have broad disclosures in regulatory filings, so investors can read that information and assess it."

FINRA regulates nearly 5,100 brokerages. It is the successor entity to the National Association of Securities Dealers.

[Our-Street]

That's how I came across it too.. They are blanketing the internet with those adds. They have been for a while now. It got to the point where I couldn't go anywhere without seeing their Google ad. Just Google hot energy stocks and see what you get under sponsored links. It was so heavy it made me curious and when I get curious, I do a little DD.

DD is like knitting.. it's very relaxing... but it's not like a box of chocolates cause you usually know what your gonna get.

[Our-Street]

Well, my nose knows.. this is a stinker all right. Here are a few facts.
Let's look at the founders, first
Darrel and Jack Uselton as nice a bunch of guys as you could hope to have come up with the "plan".

http://www.sec.gov/litigation/litreleases/2007/lr20187.htm

http://www.oag.state.tx.us/oagnews/release.php?id=2088

http://www.greenjobs.com/public/newsitems/news00369.aspx

Now that they are gone as officers, do they still have any interest in the stock? It appears so:

One of the largest shareholders is
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=11818
Firemark Capital, LLC
1947 Sparrow Ridge Road
Katy, TX 77450
4,407,400 common shares

According to NV records the sole manager is
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=VYFLg2lHGsXWyPzb83SwgQ%253d%253d

LORENA G. USELTON
The corp information sheet was filed with the Pink Sheets in September.

https://www.otcstockinfo.com/repository/653130/653130_FR19.pdf+firemark+uselton+gulf+ethanol&hl=en&ct=clnk&cd=3&gl=us" target="_blank">http://64.233.167.104/search?q=cache:93R7LKKoDSUJ:https://www.otcstockinfo.com/repository/653130/653130_FR19.pdf+firemark+uselton+gulf+ethanol&hl=en&ct=clnk&cd=3&gl=us
According to the company's 211, here is the beneficial ownership of Firemark
Control Persons;
e. Firemark Capital, LLC – beneficially owned by Darrel T. Uselton,
Chairman – 22%
IBIS Energy, LLC – benefically owned by Jack E. Uselton – 22%

Notice IBIS Energy is owned by Jack Uselton.

Unless they have divested themselves from these holdings, Uselton's may no longer be Officers but they sure are heavily involved in this deal with equity approaching control.

Do your own due diligence. I have no interest in the stock one way or the other. I just don't like scams.

But wait.... there's more.......

[Our-Street]

Hmmmm... very interesting. But wait.. sniff.. sniff... what's that smell?? Something's wrong here... I can tell.. let's see if we can find out what it is shall we?

[creede]

Very nice work on the iBox, up-down.

[RC51Dreamin]

To the moderator

Up-Down-- what are your thoughts on GFET and the current sideways/slight downward trend? Is it lack of good news or other in your opinion?

[RC51Dreamin]

Gulf Ethanol Advances Production Plans Based on Texas A&M Sorghum Plant

Monday August 6, 11:17 am ET


HOUSTON--(BUSINESS WIRE)--Gulf Ethanol Corporation, (OTC:GFET - News), has advanced its plans for an enhanced ethanol production facility along the Texas Gulf coast that could use the new sorghum plant developed by Texas A&M as its primary feed stock, Texas A&M University and Chevron Corp (NYSE CVX) recently announced the major new alternative fuels initiative.
The development of "freakishly tall sorghum plants" was designed as an ideal feedstock for Ethanol production by Texas A&M. "Standing nearly 20 feet tall, these plants are more than twice the height of regular sorghum and yield double the crop per acre. They can survive on little water. They have been bred not to flower, thus trapping more energy within." (Source: Brett Clanton, Houston Chronicle)

"This is a new paradigm for bioenergy production," said Bill McCutchen, deputy associate director at Texas A&M's Texas Agricultural Experiment Station.

The Department of Energy has announced nearly $400 million in funding for the establishment of three bio-energy research centers, "while oil companies including BP (NYSE BP), Exxon Mobil (NYSE XOM), and Chevron (NYSE CVX) have given money to universities for biofuels research."

"Because we see sorghum as the ideal non-food feed stock for ethanol production in Texas, we embrace the Texas A&M initiative as a key step forward in providing economical feed stocks for our Texas ethanol plants," JT Cloud, Gulf Ethanol's President explained, "The long term success of ethanol as an alternative fuel must be based on the development of efficient non-food sources for ethanol production."

Last month, Texas Gov. Rick Perry outlined a new bioenergy strategy that will encourage more research at state universities on noncorn ethanol and other renewables, with an eye toward getting them to market faster. As part of the effort, he pledged $5 million to Texas A&M for research.

About Gulf Ethanol Corporation

Gulf Ethanol is focused on developing ethanol production along the Gulf Coast. Gulf Ethanol is committed to using non-food feed stocks for the production of ethanol rather than corn or sugar cane, which have now been shown to be expensive fuel sources that negatively impact food prices. For more information please visit our homepage at: http://www.gulfethanolcorp.com/gulf_ethanol_investors.htm

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.



Contact:
Gulf Ethanol Corporation, Houston
William Carmichael, 713-461-9229
Fax: [phone]
[e-mail]

[RC51Dreamin]

Interesting Find-

Market Makers List

http://www.otcbb.com/dynamic/tradingdata/download/mmids.txt

[RC51Dreamin]

There is a link at that website to Level 2 quotes-

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=GFET#getQuote

Same three guys on the bid and ask. Shorts, one of them (HDSN) is on the RSHN quote.

[RC51Dreamin]

Hey Shorts, seen your posts over on RSHN... guess you're bored over there too!

[shortsinthesand]

I decided to get my toes wet here and opened a starter position.. Definatly looks interesting.

-shorts

[Double E]

Been looking at this to. Seems to be a little dilution here lately, but nice looking company.

EE

[shortsinthesand]

This stock looks pretty interesting. Seems to be un noticed currently.. Have to look more into this..

http://www.gulfethanolcorp.com/gulf_ethanol_investors.htm

-shorts

[miko1991]

I think they were a real estate development company before, then they changed plans

[dounome]

ok my man looks good to me.

[up-down]

This how I came across GFET

I just took this screen shot from a story on Forbes.com



I wonder who is paying for this? How did you find it?

[dounome]

Yo up we got same name same age,so whats up with this stock.

[dounome]

Yea I'm the first to post yes its DOUNOME.