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Thanx, Southern Girl. Great DD. eom
It appears that we are without legal representation.
Attorneys
David B. Cosgrove
COSGROVE LAW, LLC
1401 S. Brentwood Boulevard
Suite 560
St. Louis, MO 63144
314-725-3200
314-725-3275 (fax)
dcosgrove@cosgrovelawllc.com
Assigned: 12/07/2007
TERMINATED: 08/04/2009
LEAD ATTORNEY
ATTORNEY TO BE NOTICED representing Modern Energy Corporation
(Defendant)
Joseph F. Devereux, Jr.
DEVEREUX AND MURPHY
190 Carondelet Plaza
11th Floor
St. Louis, MO 63105
314-721-1516
314-721-4434 (fax)
jfdevereuxjr@devereuxmurphy.com
Assigned: 12/07/2007
LEAD ATTORNEY
ATTORNEY TO BE NOTICED representing E*Trade Financial Corporation
(Defendant)
Thomas E. Douglass
THOMPSON COBURN
One US Bank Plaza
Suite 26
St. Louis, MO 63101
314-552-6029
314-552-7029 (fax)
tdouglass@thompsoncoburn.com
Assigned: 11/29/2007
LEAD ATTORNEY
ATTORNEY TO BE NOTICED representing Scottrade, Inc.
(Plaintiff)
F. Scott Galt
ARMSTRONG TEASDALE, LLP
One Metropolitan Square
Suite 2600
St. Louis, MO 63102-2740
314-621-5070
314-552-4840 (fax)
sgalt@armstrongteasdale.com
Assigned: 12/07/2007
ATTORNEY TO BE NOTICED representing Merrill Lynch, Pierce Fenner & Smith, Inc.
TERMINATED: 12/27/2007
(Defendant)
Kenton E. Knickmeyer
THOMPSON COBURN
One US Bank Plaza
St. Louis, MO 63101
314-552-6000
314-552-7064 (fax)
kknickmeyer@thompsoncoburn.com
Assigned: 11/30/2007
LEAD ATTORNEY
ATTORNEY TO BE NOTICED representing Scottrade, Inc.
(Plaintiff)
Mark A. Mattingly
THOMPSON COBURN
One US Bank Plaza
Suite 26
St. Louis, MO 63101
314-552-6000
314-552-7000 (fax)
mmattingly@thompsoncoburn.com
Assigned: 12/07/2007
ATTORNEY TO BE NOTICED representing Scottrade, Inc.
(Plaintiff)
Edwin L. Noel
ARMSTRONG TEASDALE, LLP
One Metropolitan Square
Suite 2600
St. Louis, MO 63102-2740
314-621-5070
314-621-5065 (fax)
enoel@armstrongteasdale.com
Assigned: 12/07/2007
LEAD ATTORNEY
ATTORNEY TO BE NOTICED representing Merrill Lynch, Pierce Fenner & Smith, Inc.
TERMINATED: 12/27/2007
(Defendant)
Christopher T. O'Connor
MOLINE AND MEHAN, LLC
8015 Forsyth Boulevard
St. Louis, MO 63105
314-725-3200
314-725-3275 (fax)
coconnor@mehanlaw.com
Assigned: 08/03/2009
TERMINATED: 08/04/2009
LEAD ATTORNEY
ATTORNEY TO BE NOTICED representing Modern Energy Corporation
(Defendant)
Robert J. Osdieck
MOLINE AND MEHAN, LLC
8015 Forsyth Boulevard
St. Louis, MO 63105
314-725-3200
314-725-3275 (fax)
Assigned: 12/07/2007
TERMINATED: 08/04/2009
ATTORNEY TO BE NOTICED
Docket Text
Full docket text:
Docket Text ORDER: Re: [60] MOTION to Withdraw as Attorney ;attorney/firm Moline & Mehan and Robert Osdieck by Defendant Modern Energy Corporation. (O'Connor, Christopher) filed by Modern Energy Corporation, [61] MOTION to Withdraw as Attorney ;attorney/firm David B. Cosgrove/Cosgrove Law, LLC by Defendant Modern Energy Corporation. (Cosgrove, David) filed by Modern Energy Corporation ;
ORDERED GRANTED.
Signed by Honorable Henry E. Autrey on 8/4/09. (CSR)
WITHDRAW 2
UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF MISSOURI
SCOTTRADE, Inc., )
)
Plaintiff, )
)
vs. ) Case No.: 4:07CV01982 HEA
)
MODERN ENERGY CORPORATION, et al., )
)
Defendants. )
MOTION TO WITHDRAW
COMES NOW Moline and Mehan, of counsel in 2007 in the above-stated case by and
through its former associate attorney Robert J. Osdieck, and hereby moves this Court for an
Order now granting Moline and Mehan and Robert J. Osdieck, leave to withdraw as attorney for
Defendant Modern Energy Corporation (“Modern Energy”).
On or about July 22, 2009, counsel for Plaintiff filed its motion to reopen this matter as to
its desire to further litigate against Defendant First Public Securities Transfer Corporation,
alleging that particular defendant failed to abide by a permanent injunction issued in this matter
on February 7, 2008. No mention is made of Defendant Modern Energy. In fact, Plaintiff already
entered into a full and final settlement agreement with Defendant Modern Energy, ending the
involvement of Modern Energy herein. Unfortunately, Plaintiff has thereafter failed to file its
dismissal of Defendant Modern Energy. Therefore, Moline & Mehan, LLC, respectfully requests
this Court now issue its Order granting Moline and Mehan, LLC, and Robert J. Osdieck, leave to
withdraw as attorney for Defendant Modern Energy Corporation.
Case 4:07-cv-01982-HEA Document 60 Filed 08/03/2009 Page 1 of 3
Respectfully Submitted,
/s/ Christopher T. O’Connor
Donald J. Mehan, Jr., Fed # 3834
Christopher T. O’Connor, Fed # 5221979
MOLINE & MEHAN, LLC
8015 Forsyth Boulevard
St. Louis, Missouri 63105
Telephone: (314) 725-3200
Facsimile: (314) 725-3275
E-mail: dmehan@mehanlaw.com
coconnor@mehanlaw.com
Attorney for Defendant Modern Energy Corporation
REASSIGNMENT
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF MISSOURI
EASTERN DIVISION
SCOTTRADE, INC., )
)
Plaintiff(s), )
)
vs. ) Case No. 4:07-CV-1982 CAS
)
MODERN ENERGY CORPORATION, )
et al., )
Defendant(s). )
ORDER
On July 23, 2009 , the Honorable Charles A. Shaw issued an Order in the above styled
case directing the Clerk of Court to randomly reassign the above-captioned cause of action.
IT IS THEREFORE ORDERED that the above styled cause be reassigned to the
Honorable Henry E. Autrey.
7/23/2009 JAMES G. WOODWARD
DATE CLERK OF COURT
By: /s/ Karen Moore
DEPUTY CLERK
In all future documents filed with the Court, please use the following case number
4:07-CV-1982 HEA.
RECUSAL
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF MISSOURI
EASTERN DIVISION
SCOTTRADE, INC., ))
Plaintiff, ))
v. ) No. 4:07-CV-1982 CAS
)
MODERN ENERGY CORPORATION, )
et al., ))
Defendants. )
ORDER
Upon review of the Court file, the undersigned concludes that a status conference is
unnecessary as there are circumstances present in this case which might give rise to the need for
recusal pursuant to 28 U.S.C. § 455.
Accordingly,
IT IS HEREBY ORDERED that this case is transmitted to the Clerk of the Court for
random reassignment.
CHARLES A. SHAW
UNITED STATES DISTRICT JUDGE
Dated this 23rd day of July, 2009.
SCOTTRADE found liable in FINRA ARBITRATION
http://finraawardsonline.finra.org/turing.aspx?doc=42102
FINRA DISPUTE RESOLUTION AWARD
FINRA DISPUTE RESOLUTION
CASE: 08-03878
Micliael Scott loane, Sr., ("Claimant") vs. Scottrade, Inc., ("Respondent")
ATTORNEYS:
Claimant appeared Pro se, Mariposa, CA.
For Respondent appeared Ryan M. Blum, Esq., In-house Counsel, St. Louis, MO.
NATURE OF DISPUTE: Customer v. Member
DATE FILED: October 22. 2008
CASE SUMMARY: Claimant alleged that Respondent is withholding common shares of
Modern Energy. Claimant maintained that as a result of Respondent's actions he suffered
a financial loss.
Claim Data Award Data
Claim: $2,500.00 Award: $2,500.00
Injunctive Relief: refrain from holding stocks
Injunctive Relief: Denied
Filing Fee: $75.00 Filing Fee: $37.50
AWARD: The undersigned arbitrator has decided and determined in full and final
resolution of the issues submitted for determination as follows: 1)' Respondent is liable
and shall pay to the Claimant $2,500.00.
2) Claimant's request for injunctive relief is
denied. 3) Ail other relief requests are denied. 4) FINRA Dispute Resolution shall retain
the $75.00 filing fee that the Claimant deposited previously. 4) Respondent is liable and
shall pay to the Claimant $37.50 as reimbursement of 50% of the filing fee.
OTHER FEES: Respondent has paid to FINI^ Dispute Resolution the $150.00 Member
Surcharge previously invoiced.
Page Two
Award 0&-03878
Nick G. Tarteon Sole Public AftMlqr
AFFIRMATION
I, Nicic G. Tarison, hereby affirm, upon my oath as arbitrator that i ain the Individuat
describad herein «^q exeoitad this instrument, which is my oath and award.
!i3r5rTSrSon (Signature Dole}
May 13, 2009
Data of Senrice (For FiNRA-DR office use only)
PRESS RELEASE
PREACHERS COFFEE, INC. SIGNED A JOINT VENTURE AGREEMENT WITH MODERN ENERGY CORP. ON 36,103 ACRES AGRICULTURAL DEVELOPMENT INTEREST IN THE PHILIPPINES
August 3, 2009 - TAMPA, FLORIDA – Preachers Coffee, Inc. (OTC: PRCF and PCIO) and MODERN ENERGY CORP. (Frankfurt: ME2C.F) just completed a Joint Venture Agreement on the Technical Management and Operating Contract of a 36,103 Acres of Agricultural and Forest Land which is under a Community Based Forest Management Agreement (CBFMA) of the Government of the Philippines in partnership with the Manobo Indigenous Community Cooperative in the Philippines.
The Joint Venture Agreement has 25 Years CBFMA Contract and an indefinite extension since it was appropriated in an Ancestral Domain Land Management for the Manobo Indigenous Communities – who has the Ancestral Domain Rights to the land and their Community Cooperative was for purposes of Agricultural and Forest Management to improve their lives.
The Joint Venture Technical Management and Operating Contract of the said 36,103 Acres Property will allow Financial Assistance and Technical Management to be provided by Preachers Coffee, Inc. and Modern Energy Corp.
Rubber Trees for Forest Management plus Coffee and Jatropha Plants are prepared to be planted in the Agricultural Areas. Jatropha Plant produces seeds with oil used for making BIO-DIESEL.
Chairman of Modern Energy, John Winnick stated: The Preachers Coffee, Inc. joint venture with 36,103 acres of prime agricultural land in the Philippines is just one example of the global vision of green energy from Jatropha and cash crops such as coffee to further expand Modern Energy's footprint to the nearly 1,000,000 acres that it currently controls through its subsidiary, SSRDC.
Modern Energy is instituting the change that will provide Bio-Diesel feedstock for the Asian Pacific basin, developing the regions economics from a third world nation to a world class provider of alternative clean energy. The green energy will provide jobs and opportunity for growth on the eighth largest island population on earth and showcase the best of environmental capitalism.”
Chairman and CEO of Preachers Coffee, Inc. of mother company Delaware (Symbol: PRCF) and its spun off subsidiary Colorado (Symbol: PCIO), Nestor C. Buenaflor said that “this Joint Venture Agreement with Modern Energy Corp. will provide a very good Livelihood Program for the Manobo Tribal Communities and with the Jatropha Plants introduced as one of the cash crops will induce positive Environmental Impact because of Bio-Diesel Production.”
“We are not only cleaning the air because of Forest Management and Bio-Diesel from Jatropha Plant, but we also help lives of poor people in the remote areas of the world by them giving jobs and income”, added Nestor Buenaflor.
CONTACT:
Modern Energy Corp
John Winnick
Phone: 1-858-220-0243
Email: info@modernenergycorp.com
CONTACT:
Preachers Coffee, Inc.
NESTOR C. BUENAFLOR
Mobile Phone: +852-5315-7047
Email: nestorbuenaflor@yahoo.com
John Winnick's thoughts on "Space Launch":
The new economy will be the technology of transportation: The Rocket Age. With the clean up of space debris, reusable satellites, and hypersonic space transportation with companies like ours, Space Launch, Inc. There is to be a new railroad in the 2010 era just like in the 1890's. Hypersonic space transport is the new market. Everything Warren Buffet owns are insurance companies, and old technology like GE. There will always be good book value in these, though not part of the economic boom in the near future. Remember, Buffet missed much of technology and let Bill Gates get ahead of him based on only one company: Microsoft. Imagine where he would be if he bought, Microsoft, Oracle, or Apple early?
Overview
http://www.congoo.com/profile/John-Winnick
John F. Winnick, Chief Executive Officer President and Founder, Space Launch, Inc., Chairman of the Board of Directors. Mr. Winnick has served as President, and Chief Executive Officer of the Company since May, 2008. From 1975 to 1977, Mr. Winnick served as a special agent for Prudential Life Insurance Co. From 1978 to 1982, Mr. Winnick founded and managed Island Style, La Jolla, California, an ocean sports manufacturing and retail franchise. While at Island Style in 1979, Mr. Winnick produced and manufactured state of the art surf skis and surfboards including experimental Lifting Body scale model gliders. From 1982 to 1986, he has been sales manager for Computer Post selling Apple Computer; at Jade, Inacomp, and MicroAge specializing in Auto CAD systems, Compaq, IBM, and Novell Networks, bidding successfully for large government and GSA DOD Contracts. From 1986 to 1996, Mr. Winnick served successfully as a Commodities and Stock Broker, Registered Representatives and Managers with International Trading Group, Ltd., Thomas James, Associates, Inc., and Lam Wagner, Inc. He has been licensed with the National Futures Association ("NFA") Series 3, National Association of Securities Dealers ("NASD"), Series 7 and 63, and held Insurance and Annuities Licenses with the State of California. Mr. Winnick has capitalized the majority of Altus International Telecommunications Inc. and AltaTel International long distance call back telephone companies. Mr. Winnick was granted a design patent pertaining to the Space Launch vehicle with the aid of Dr. David Aufrichtig in May 29, 1990 (patent number: Des. 308,231). Mr. Winnick studied Political Science and Business Management specializing in Organizational Behavior, at Epsom College, Epsom, England, Whittier College, University of California at Santa Cruz, and San Francisco State University.
Per my phone call with John Winnick, he is organizing a merger between Space Launch and Modern Energy.
John Winnick Role:
Startup Looking: for Web Help
Location: La Jolla, CA (USA)
Startup: Space Launch, Inc.
Industry: Engineering
Year Founded: 2008
Legal Status:
Location: La Jolla, CA (USA)
Company Description: John F. Winnick President and Founder Space Launch, Inc. 470 Nautilus St. Suite 303 La Jolla, CA 92037 [
Dear Sirs, Enclosed are the PPM and business plan for Space Launch, Inc. Space Launch, Inc. intends to develop the world’s first orbital reusable launch vehicle (RLV) for the United States Department of Defense (DOD) and the global commercial launch market. The Company believes the U.S. government is initiating strategic programs for funding launch vehicle development over the next decade, and the commercial market will need to replace hundreds of antiquated satellites over the next few years. Commercial and DOD spinoffs include Space Launch’s hypersonic transportation: New York to Tokyo in 45 minutes accessing heliports with rocket planes fueled by “green” technology of hydrogen and oxgyen. A major commerical market for Space Launch is the manufacture of feed stock with a patent to be acquired producing hydrogen and oxgyen with by products of de-ionized water. A. David Silver, author of the The Venture Capital Sourcebook, states, "There have been a handful of inventions in the history of civilization that have by accident, circumstance, and purposeful research and development meaningfully altered history and catalyzed the unfolding of centuries of entrepreneurship and wealth creation. Three of these inventions have occurred in the last 25 years the semiconductor, recombinant DNA, and the satellite, and the effect has been one of combustible entrepreneurial energy that is transforming Western Civilization into a knowledge based economy." Space Launch, Inc. will be the “green” company to bring forth the satellite and transportation paradigm shift to our dynamic global economy. Please feel free to call or email for additional information.
Sincerely yours,
John F. Winnick
President and Founder
Corporate Fact Sheet
Home > Company > Corporate Fact Sheet
Modern Energy Corporation (ME2C), was established in 2006 in Wyoming as a development stage investment company with interests in mining and agricultural land in the Philippines and holds investments in American marketable securities.
ME2C is primarily oriented towards common and renewable energy resources. The company's activities presently focus on development of jatropha and palm oil production from plantations in the Philippines with future plans to develop its gold mining interests.
ME2C is looking forward to becoming a leading company in the alternative energy field and to continuing to develop other areas of sustainable energy, such as solar energy.
ME2C is committed to environmental protection, advanced research in the energy field and to harmony with the community.
John F. Winnick, Sr. has just taken over the leadership of Modern Energy Corp now serving as Chairman and CEO
What relationship exists between MDRG and ME2C?
Modern Energy Corp
470 Nautilus St. Suite #304
La Jolla, CA 92037
Phone: 858.220.0243
Fax: 858.729.0271
Modern Energy Corp trades on the third tier of the Frankfurt Stock Exchange as ME2C or ME2C.F. Modern Energy, established in 2006, is a development stage investment company with interests in Jatropha and Palm oils, mining and agricultural land in the Philippines, as well as investments in marketable securities. Now that the company has reorganized, its new management is beginning to execute on a business plan that is anticipated to generate increasing cash flow from aggressive initiatives involving its alternative energy properties.
The Company’s website at www.ModernEnergyCorp.com describes its work in the development of energy resources, presently focusing on development of Jatropha and palm oil production for bio-fuels from undeveloped plantations in the Philippines.
Modern Energy looks forward to becoming a leading company in the alternative energy field and continuing to develop other areas of sustainable energy, such as solar energy. Modern Energy is committed to environmental protection, advanced research in the alternative energy field, and harmony with the community.
Incorporated: 2006
Public Listing: 2007
Exchange Symbols: Frankfurt: ME2C
Common Shares issued & outstanding: 1,202,400,000
PALM OIL POTENTIAL (Biofuel)
Modern Energy's wholly owned subsidiaries are committed to producing bio-diesel through partnerships, joint ventures, leases, direct ownership and farming on more than 250,000 hectares (over 600,000 acres) of agricultural land on the island of Mindanao in the Philippines, much of which is suitable for growing palm oil and jatropha oil.
Palm trees are the most productive natural oil source in the world. A single hectare of oil palm may yield over 4 metric tons of crude oil, or nearly 5,000 liters (1200 gallons) of crude oil per hectare. Jatropha is the second most productive source at nearly 1000 gallons per hectare. (For comparison, soybeans and corn (maize), often heralded as top biofuel sources, generate only 118 and 45 gallons per hectare, respectively.)
If half of the Mindanao land were planted in jatropha plants and palm trees, in several years, after they mature, the company potentially could produce over US$200 million worth of palm and jatropha oil annually with current prices for palm and jatropha oil of US$400 per ton.
Biofuel is considered an eco-friendly source of energy, and reduces greenhouse gas emissions. Palm oil is an important source of biofuel because of its clean burning quality.
Sustainable practices and responsible methods of land clearance and cultivation could significantly reduce much of the unwanted impact on the environment. The land in the Philippines is not currently forested, but, after being planted with palm trees, the environment will benefit from the trees’ absorption of CO2 as it produces palm oil.
The company is currently negotiating with potential investors/partners that may invest in the potentially highly profitable and environmentally friendly palm oil and jatropha oil production enterprise.
MINING POTENTIAL
The Mindanao land in the Philippines also has access to mineral rights. There are potentially valuable quantities of copper, gold, silver, and other minerals. The company is assessing the property to determine which minerals are commercially viable for extraction in order to develop a business plan including attracting a well-capitalized partner.
Please visit www.ModernEnergyCorp.com for more information.
WHY INVEST IN MODERN ENERGY NOW?
*
Global demand for biofuel exceeds global supply
*
Environmentally conscious
*
Company has already paid 2 dividends and intends to pay additional dividends in the future.
*
trong shareholder growth potential from a three pronged front— Jatropha, Palm oil, biofuel feedstock production, and mineral rights exploration and development, and dividends of related companies and subsidiaries.
If you are waiting on your GPGD dividends, contact your broker for assistance.
DEMAND your dividends!!!
Has anybody received their GPGD dividends?
This was the response I got from ETRADE. Of course, no one at the 800 for Modern picks up.
Any suggestions on how to find out more about when we would be able to trade the preferreds?
Thank you for your message in regards to two positions in your E*TRADE Securities brokerage account XXXX-5072. Grand Pacaraima Gold CP is restricted stock so you will need to contact the transfer agent or the company to find out more information. For Modern Energy Corp New Ser B PFD, it is a preferred series B which usually means that it is an auction rate preferred and may not have a symbol. If you would like to trade this you will have to contact our E*TRADE Fixed Income department at 1-877-355-3237.
Has anybody received their GPGD dividend?
Call our illustrious president, teri norburt
This is making my porfolio go nuts!
up and down, I am having a hard time tracking
because of MDRG, when will it be ready for trading???
I am getting very pissed.
mdrg & gpgd didnt merge so there is no dividend e-trade gave me this information.
As of today, no GPGD shares in any of my Ameritrade accounts.
I e-mailed and asked about this company.Received a reply that there was no new news to report.
i think its still grey sheets
Now if I can just sell at .50's I would be good to go :)
What's up with the 0.003 trade ?
are we trading now ?
My GPGD showed up in my etrade today. One group of common and the other group restricted
Still not showing up in ETRADE either. The nerve to say don't ask anymore questions when you are a part owner in the company. How can they do this?
Another month and still I have no GPGD dividend. Further, I am unable to trade shares from my Ameritrade account. Where is President Norgrove with news??
I talked with the company rep last month. His name is Mr. Imemno. Per my conversation with Teri Norgrove, Imemno is the COO and he alone is running the company.
He told me to send a certified letter to my broker (Ameritrade) and demand that they sell my shares within a specified time frame. When they fail to comply, I should demand mediation.
He also mentioned a "sealed" agreement or judicial decree with/against scottrade that addresses their short position.
He talked about judge shaws' absurd judgement and how scottrade will have to cover their short position.
he claimed that the 2 dividends are not a problem with mdrg; rather a problem with the various brokerages, mm's, and/or DTC.
He told me not to contact MDRG with additional questions!
call the president of the co
Could this be any more of a slap in the face from .001 to now.0001 cents. Ameritrade woud not let me trade no matter what.
So now what
THUNDER
xithunder@hotmail.com
asleep...eom
no bid or ask? is this dead?
Good work, SG! eom
I talked with the company rep on Thursday. His name is Mr. Imemno. Per my conversation with Teri Norgrove, Imemno is the COO and he alone is running the company.
He told me to send a certified letter to my broker (Ameritrade) and demand that they sell my shares within a specified time frame. When they fail to comply, I should demand mediation.
He also mentioned a "sealed" agreement or judicial decree with/against scottrade that addresses their short position.
He talked about judge shaws' absurd judgement and how scottrade will have to cover their short position.
he claimed that the 2 dividends are not a problem with mdrg; rather a problem with the various brokerages, mm's, and/or DTC.
He told me not to contact MDRG with additional questions!
YOU CAN HAVE MINE....i CAN'T DO ANYTHING WITH IT!
Actually I want to purchase some more shares
at this level. but I can;t put a buy in with ameriturd
anyone ?
No shares of either dividend are in my ameritrade accounts.
I checked my Fidelity account tonight and my dividend shares were put back in my account.
My last email to MDRG came back as undeliverable.
Good work, SG! ~ASW~
I talked with Teri Norgrove this morning. SHE told me that the company is being run by the COO. His name is Mr. Ione (my guess as to spelling- she pronounced it eye-oh-nee). She also told me that he would return my call this morning. I received no call.
She works part time for an attorney.
I talked with Teri Norgrove this morning. SHE told me that the company is being run by the COO. His name is Mr. Ione (my guess as to spelling- she pronounced it eye-oh-nee). She also told me that he would return my call this morning. I received no call.
She works part time for an attorney.
I received them and then they took them back.
Terry Norgrove is no longer returning my messages. Is he still our president? Has anyone received either of the dividends?
Is Norgrove just another friend of a friend who thought being the president of a public co would be fun?
Does Norgrove have any business credentials? Any prior experience running a public co? Another part or full time job?
o.k. where are we here
anyone?
Teri probably doesn't know how to dilute. There's always a bright side. ~ASW~
I would only comment... thats a given.
The dividend we WERE given hasnt even traded a single share since they were issued... and removed. And MDNO wallows in obscurity with no MM representation, and my guess, no business model to speak of.
Look at the bright side... MDNO is a write-off for us, and MDNO is simply just a write-off for those who are on the payroll getting paid...
NADA.
I received several emails from teri norgrove, the new ceo. she is totally inexperienced and unable to manage a public company. she doesn't know anything about managing these dividends. where did she come from? was her qualification for this position anything more than her pulse?
i asked her for a direct phone number so that I could discuss our concerns. she refused to provide her # and told me (and ameritrade) to "leave a message" on the 800 line's voice mail.
I have BofA, and mine are gone as well.
Just contacted ETRADE, my shares are also gone from last week in Western Pacific. I'll let you know if I get the same response.
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Modern Energy Corp
470 Nautilus St. Suite #304
La Jolla, CA 92037
Phone: 858.220.0243
Fax: 858.729.0271
http://www.modernenergycorp.com/
Modern Energy Corp trades on the third tier of the Frankfurt Stock Exchange as ME2C or ME2C.F. Modern Energy, established in 2006, is a development stage investment company with interests in Jatropha and Palm oils, mining and agricultural land in the Philippines, as well as investments in marketable securities. Now that the company has reorganized, its new management is beginning to execute on a business plan that is anticipated to generate increasing cash flow from aggressive initiatives involving its alternative energy properties.
The Company’s website at www.ModernEnergyCorp.com describes its work in the development of energy resources, presently focusing on development of Jatropha and palm oil production for bio-fuels from undeveloped plantations in the Philippines.
Modern Energy looks forward to becoming a leading company in the alternative energy field and continuing to develop other areas of sustainable energy, such as solar energy. Modern Energy is committed to environmental protection, advanced research in the alternative energy field, and harmony with the community.
Incorporated: 2006
Public Listing: 2007
Exchange Symbols: Frankfurt: ME2C
Common Shares issued & outstanding: 1,202,400,000
PALM OIL POTENTIAL (Biofuel)
Modern Energy's wholly owned subsidiaries are committed to producing bio-diesel through partnerships, joint ventures, leases, direct ownership and farming on more than 250,000 hectares (over 600,000 acres) of agricultural land on the island of Mindanao in the Philippines, much of which is suitable for growing palm oil and jatropha oil.
Palm trees are the most productive natural oil source in the world. A single hectare of oil palm may yield over 4 metric tons of crude oil, or nearly 5,000 liters (1200 gallons) of crude oil per hectare. Jatropha is the second most productive source at nearly 1000 gallons per hectare. (For comparison, soybeans and corn (maize), often heralded as top biofuel sources, generate only 118 and 45 gallons per hectare, respectively.)
If half of the Mindanao land were planted in jatropha plants and palm trees, in several years, after they mature, the company potentially could produce over US$200 million worth of palm and jatropha oil annually with current prices for palm and jatropha oil of US$400 per ton.
Biofuel is considered an eco-friendly source of energy, and reduces greenhouse gas emissions. Palm oil is an important source of biofuel because of its clean burning quality.
Sustainable practices and responsible methods of land clearance and cultivation could significantly reduce much of the unwanted impact on the environment. The land in the Philippines is not currently forested, but, after being planted with palm trees, the environment will benefit from the trees’ absorption of CO2 as it produces palm oil.
The company is currently negotiating with potential investors/partners that may invest in the potentially highly profitable and environmentally friendly palm oil and jatropha oil production enterprise.
MINING POTENTIAL
The Mindanao land in the Philippines also has access to mineral rights. There are potentially valuable quantities of copper, gold, silver, and other minerals. The company is assessing the property to determine which minerals are commercially viable for extraction in order to develop a business plan including attracting a well-capitalized partner.
Please visit www.ModernEnergyCorp.com for more information.
WHY INVEST IN MODERN ENERGY NOW?
Modern Energy Corporation (ME2C), was established in 2006 in Wyoming as a development stage investment company with interests in mining and agricultural land in the Philippines and holds investments in American marketable securities. ME2C is primarily oriented towards common and renewable energy resources. The company's activities presently focus on development of jatropha and palm oil production from plantations in the Philippines with future plans to develop its gold mining interests. ME2C is looking forward to becoming a leading company in the alternative energy field and to continuing to develop other areas of sustainable energy, such as solar energy. ME2C is committed to environmental protection, advanced research in the energy field and to harmony with the community. John F. Winnick, Sr. has just taken over the leadership of Modern Energy Corp now serving as Chairman and CEO |
Preachers Coffee Inc. Announces Joint Venture Agreement With Modern Energy Corp. With Preachers' Agricultural Development Interest in the Philippines
36,103 Acres Agricultural Property Interest of Preachers in the Philippines to Be Developed for Cultivation of Coffee and Jatropha Plants for Biodiesel Production
TAMPA, FL--(Marketwire - 09/08/09) - Preachers Coffee, Inc. (Pinksheets:PRCF - News) (Pinksheets:PCIO - News) and MODERN ENERGY CORP. (Pinksheets:MDRG - News) and (Frankfurt:ME2C - News) announced the signing of a Joint Venture Agreement on the Technical Management and Operating Contract of a 36,103 Acres of Agricultural and Forest Land which is under a Community-Based Forest Management Agreement (CBFMA) of the Government of the Philippines, in partnership with the Manobo Indigenous Community Cooperative on Mindanao island in the Philippines.
The Joint Venture Agreement has a 25 Year CBFMA Contract and an indefinite extension since it was appropriated in an Ancestral Domain Land Management for the Manobo Indigenous Communities. The Manobo Indigenous Communities has the Ancestral Domain Rights to the land and their Community Cooperative was for purposes of Agricultural and Forest Management to improve their living standard. The Joint Venture Technical Management and Operating Contract for the 36,103 acres will allow financial assistance and technical management to be provided by Preachers Coffee, Inc. and Modern Energy Corp.
Rubber trees for forest management, in addition to Coffee and Jatropha plants, are being prepared for planting in the agricultural areas.
The Jatropha plant is valued as a very cost effective feedstock for the production of oil used for producing Bio-Diesel. But unlike other biodiesel crops, Jatropha can be grown almost anywhere -- from arid land to more fertile farms like in the Phillipines. It doesn't need much water or fertilizer, although the yield rises as more water is available, like in Mindanao, Phillipines. And because the Jatropha is not edible, environmentalists and policy makers don't have to worry about whether Jatropha diverts resources away from crops that could be used to feed people. By some estimates, the per-barrel cost to produce Biofuel using Jatropha -- about $43 -- is about half that of corn and roughly one-third that of rapeseed, two other leading materials for alternative energy. At those prices, Jatropha Biodiesel would be competitive with fuel made from crude oil without significant government subsidies.
Recently, an airline had a test flight using a 50 jet fuel/50jatropha Biofuel mix. When Jatropha seeds are crushed, the resulting Jatropha oil can be processed to produce a high-quality biodiesel that can be used in a standard diesel car, while the residue, called "press cake," can also be processed and used as biomass feedstock to power electricity plants or used as fertilizer (it contains nitrogen, phosphorous and potassium).
A significant differentiator of Jatropha versus other Bio-Fuel Feedstocks is that Jatropha absorbs carbon-dioxide while they are growing, effectively canceling out the carbon dioxide they release when they burn. The plant may yield more than four times as much fuel per hectare of soybean, and more than ten times that of corn. A hectare of Jatropha has been claimed to produce 1,892 litrers of fuel. Once the Jatropha seeds are dried out and crushed, these poisonous seeds yield oil which can be burned in almost any diesel engine -- with no modification. Recent studies show that Jatropha seed produces between 30 and 40 percent of its mass in oil.
Nestor C. Buenaflor, Chairman and CEO of Preachers Coffee, Inc. (Pinksheets:PRCF - News) and its subsidiary (Pinksheets:PCIO - News), said that, "This Joint Venture Agreement with Modern Energy Corp. will provide an improvement for the Manobo Tribal Communities on Mindanao, Philippines. And the positive contribution represented by the cultivation of Jatropha plants introduced as one of the cash crops for the production of Bio-Diesel offers a stable and sustainable future for our companies and the Manobo Tribal Communities. We are not only cleaning the air because of responsible forest management and Bio-Diesel from Jatropha, but we also improve the lives of poor people in the remote areas of the world by providing them with job opportunities and income."
Chairman of Modern Energy, John Winnick, stated, "The Preachers Coffee, Inc. joint venture with 36,103 acres of prime agricultural land in the Philippines is just one example of the Global Vision of Green Energy from the Jatropha plant and cash crops such as coffee and rubber trees for rubber, to further expand Modern Energy's footprint to the nearly 1,000,000 acres that our company currently controls through our subsidiary, Sultan Saud Resource Development Corporation (SSRDC). Modern Energy is pursuing a change in business plan to focus on providing Bio-Diesel feedstock for the Asian Pacific Basin and developing the region's economies from a Third World nation to a world class provider of alternative clean energy. This green energy initiative will provide jobs and opportunity for growth on Mindanao, the eighth largest island population on earth, and showcase the best of environmental capitalism."
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