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I didn't think it was malicious. I was just hoping that the crappy deal had been scrapped. But we've learned that this group releases information in mysterious ways - like waiting until about a year after they bought the TMXU shell before they informed the public that they were the buyers.
I see your point on that, but I don't think it was done with any malicious intent as the information appears to be correct.
I wish it was a different situation as I'm still dumb-founded about the crappy deal we got here.
They had already announced a definitive merger agreement with Solargen. Why bother updating pinksheets as TMEX USA when you are soon to become Solargen? Why not wait until the merger is complete, then update pinksheets with the correct information?
What information is false on pinksheets? It shows the new address, the current OS and krueger as legal counsel.
The reverse split and name change is missing, but that hasn't even been filed with the Secretary of State of NV yet, so I don't think they would put that information on pinksheets till it's official.
Good call. That makes sense. I'm not looking at it from the point of view of someone who banked heavily on them doing business as usual.
I just have to remind myself of WPRO to remember how that feels.
Desperation. They had orders in and bought a bunch of the shares that dump day and now want to put out a rumor based pump? Not sure, just speculating. I bet if you ask Brian, he didnt do it.
But why would somebody update it at this point? I understand someone updating a shell that has been dormant, but they've already announced a name change and a reverse split.
It seems kind of pointless to put out false information now.
Anyone can update PS. Just a matter of convincing them that your info is the correct info.
my understanding is that he was contacted after (I agree with you, yes the pinksheet update is puzzling)
I'm still puzzled by the pinksheets update. It looked like he was reconsidering if he in fact did the update. No hint of the reverse split or Solargen.
far more pompous people have taken the fall
it's not on me or you - sherer has the fiduciary duty to each of us
I'm told the fact is there is another very solid deal avaiable at far far less dilution for all.
what's the harm in considering it?
by not even considering, that's a breach of fiduciary duty all imo
Lawsuits aren't the way to go. Your boys are going to have to do a better sales job. You have to convince them that this is a better deal than the one they have on the table.
It's up to your team to make them an offer too good to refuse.
anyone can call sherer for themselves - he's the director
I'm told the fact is there is another very solid deal avaiable at far far less dilution for all.
what's the harm in considering it?
OK...I'll bite. Who are you hearing this from?
there is the strong appearance of a breach of fiduciary duty - if so, believe what you want. I know what I know. good luck
Sherer is a puppet for Cagan and McAfee. There will be no law suit. There isn't an attorney around that will take the case and good luck proving that they didn't do anything for those shares.
IMO
Sherer - the sole director. my bet is that there will a lawsuit. after all, there are laws against self dealing and this is a public vehicle.
the fact that they do not appear to even want to consider another deal is not consistent with Sherer fulfilling his fiduciary duty to all shareowners - imo, this along with the 50,000,000 share award seem to be real red flags for the the strong appearance of
self dealing.
Who are the TMXU people?
I hear these tmxu people are not open to even considering another deal.
That will work for me. It has to be better than the Solar company dealio
Smith has shares and has done many mergers. I'm sure he has a few still in his pipeline that could do very well here.
That is great news. I can't wait to see the announcement.
Question: what was the consideration given tmxu on the issuance of the 50,000,000 shares to Sherer's group just 2 days prior to the Solargen announcement? As a director, I am sure Sherer wouldn't be self dealing. Anyone know what the consideration was to tmxu?
You and I think alike..If Smith is involved he should know based on his ridiculous R/S plays from the past, this doesn't work..
Investors are more astute these days. Treating the penny players like they don't exist will burn a hole in a new company...The market is tough in general but many big investors have some play money down here and will not forget "the burn" when it come time to buy in a higher exchange..
If Brian Sherer is on the up and up, I think a deal here could be put together immediately for the benefit of EVERYONE. You are spot on with your kaboom comment imo.
Is it Mark Smith or Ken Eade? Either way I'm glad somebody with some pull is on our side here. The gold play might be more lucrative, although alternative energy is going to probably get a nice lift with the stimulus package.
If the RS got reversed and a new merger was announced, we would see a kaboom here.
The subject of Gold.
Yes, you see a lot of hucksters on the television trying to get people to sell their gold that is "gathering dust" or that is referred to as "old gold." What do you think they pay on the dollar? You think the public really cares when they are bound with credit and no job?
The United States is going the way of FDR with Obama's "new deal" recovery program. What really happened sixty years ago? The economy stagnated under FDR and his new deal until WW2 broke the financial strangle hold on our country. It was the war that broke the depression, not the new deal.
Now a partial reason for such deceptive ad's.
The price of gold will double or possible triple at some point, perhaps in two to three years. Inflation will be double digit. (Remember the Carter years? If not you have some D%D to do.) The USA with MASSIVE deficits will possible lose it's role as world leader of the financial markets. So what do you want to be in if this happens? Cash with little value or gold?
Somewhat speculative at this point in time, but yes, it can happen and most likely will. A gold company may be the ticket to some security. Think???
If everything is on the up and up with Brian Sherer, I would think he'd be very receptive. Don't you?
I'm told a letter was received by Brian Sherer today. I believe this could be an much much better deal without the massive dilution. This transaction involves a income producing gold property with a seasoned, reputable management team at the helm.
This is interesting news. Any idea how receptive Mr. Sherer was to the proposal?
Excellent post !!
What is Gold property? The merger with a dead solar company is somewhat underhanded. I would hope that Brian would merge with something that really would enhance the stocks value. There are so many loses that people can take with the pinks before they flee to safer havens, never to invest in RM again. Safer havens like cash is the trend now and maybe for years to come!
When Brian did the others listed in the I-box, I saw real value in the stocks at the time. With the current merger planned, I see a good name ruined for any future investments by those who trust in Brian's character and choices.
I just don't buy any garbage on the pinks but from those very few that have credibility and honesty in their portfolio. In this economy, I demand much more from those that make an offering of a security. Much more.
Ken.
UPDATE: This afternoon, my understanding is that a well heeled investor with about 1,500,000 shares of tmxu contacted Brian Sherer directly with a possible Joint Venture opportunity (Gold property). This would be far far less dilution (ie current tmxu shareholders would retain approximately 30-40% of the JV). I think favorable financing can also be available.
Mr. Sherer has a fiduciary duty to shareholders - I would hope he governs himself accordingly.
Any input from the board welcomed.
I know...crazy numbers. Been bid sitting lately to no avail, the well seems to have run dry here.
Float
11,836,213 as of Jan 5, 2009.... 2001 for 1 R/S per PR, float will be 5915 shares.....
It's a pink shell ......anything can happen in pinkie land I guess.
So does this mean that the info we received earlier is null and void?:)
Pinksheets update
http://pinksheets.com/pink/quote/quote.jsp?symbol=glce#getCharts
TMXU — TMEX USA, Inc.
Class Common Stock -
Par Value: 0.001
< Back
Contact Information Business Description
TMEX USA, Inc.
20400 Stevens Creek Blvd.
Suite 700
Cupertino, CA 95014
* Phone: 408-517-3307
* Fax: 408-873-0400
*
OTC Market Tier
Pink Sheets No Information
*
Business Stage
Exploration Stage Company
*
State Of Incorporation
NV
*
Jurisdiction Of Incorporation
United States
*
Year Of Incorporation
1987
*
Company Officers
Brian Sherer, CEO, President, Secretary
*
Number of Employees
1 as of Jan 15, 2009
*
SEC Reporting Status
De-Registered as of May 22, 2006
*
CIK
0001017435
*
Fiscal Year End
12/31
*
Estimated Market Cap
$256,545 as of Jan 23, 2009
*
Outstanding Shares
85,515,107 as of Jan 5, 2009
*
Authorized Shares
100,000,000 as of Jan 5, 2009
*
Number of Share Holders of Record
579 as of Jan 5, 2009
*
Float
11,836,213 as of Jan 5, 2009
*
Transfer Agent
Transfer Online
317 SW Alder Street
Portland, OR 97204
*
Legal Counsel
The Krueger Group, LLP
5771 La Jolla Blvd
La Jolla, CA 92037
The information provided here has been obtained from publicly available sources as well as directly from issuers in some cases.
Click here to update your company profile.
Part of the new crew Adam McAfee
ORGANIC PASTURES FRESH RAW DAIRY
Adam McAfee, MBA/CMA, Founder and Managing Member. Adam founded and serves as Managing Director for Park Capital Management, a ...
www.organicpastures.com/meetOurStaff.html - Cached
Well I canceled my sell order last night.
I am hanging onto my shares riding out the R/S & new symbol change. This will be the smallest float that I have ever been in....maybe some nice upside potential here.
Someone dove in took a chunk of .0039's EOD....have a good night
Still some sellers out there, but not a lot shaking free.
We have a ways to go before symbol change...no filings yet.
They said as soon as possible, they probably had the paperwork filed and ready to go last week imho....This month seems like a safe estimate.
rain: when is the r/s suppose to happen? Thanks
I'm thinking anyone averaged in under a penny will do very, very well with this one. They can take this as high as they want with only 6000 post split shares not owned by insiders. They get the stock up to $30-$40 or higher makes it a lot easier for them to do a private placement which is where their money comes from imho....Tried all day for some cheap ones on the bid so far got none.
Great point RM... feeling more hopeful of recouping some of the losses here.
Looks like there won't be any cheap shares shaking out here.....004-.005 may be as low as it will get.
Good point !!
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