Parabel Inc. (fka PABL)

[Fish4U]

Perhaps contact the stock trade company you deal with and ask them. Or consult with a lawyer that deals with company share holder issues.

[Jimbowslice]

I have been unable to get any information on what happens to our shares. Does anyone else have information or suggestions?

[Fish4U]

Well, I guess nobody has information regarding this matter yet.

[Fish4U]

Since they are a private company now, don't they have to come up with an agreed price to buy out the shareholders? What's the process? What's the time line? Shouldn't a shareholder committee be established?

[Jimbowslice]

So what do we do with stock now?

[Fish4U]

Interesting, type in Google News "Richard Branson Plant Protein". The CEO of Parabel is from England. He was the former CEO of Liberty Areospace ...getting a connection? Parabel becoming a private company, the timing of Branson's public statements? Parabel a private company easier than a public company dealing with SEC process. What are your thoughts?

[Fish4U]

As I recall there was about a $43 million market cap. Your knowledge what this means to share holders is very much appreciated.

[Fish4U]

So what does that mean to the share holders, they own shares of a private company now that can't be traded publicly?

[Renee]

The company is entirely at fault for not filing Financials. To be registered with the SEC every company is obligated to file a yearly audited 10K and 3 unaudited quarterly 10Q's.

With the company's stock registration revoked the company is now a private company that no longer has a stock ticker.

If Parabel wants to re-register they would need to file a FORM 10 that comprises audited data from the last audited 10K.

[Fish4U]

Of course the questions now are ..how did this happen? Who in the company is at fault? What is currently being done about it? When will this problem be resolved?

[Renee]

PABL revoked:

https://www.sec.gov/litigation/admin/2017/34-81813.pdf

[WildlifeTracker]

Renee, since you follow these. PABL is now trading in the gray market after suspension. Is that usual? In an earlier post you mentioned that PABL stock was probably going to be revoked.

What's the deal with the gray market after suspension?

[BigBlackDog]

The SEC is kind of like the 'powers that be' on boards. They selectively ignore some while attack others!

[WildlifeTracker]

It did have an unusual rise in price that probably interested the SEC. Good thing I sold a few weeks ago!

[Renee]

What an amazing coincidence, talking about the high risk of an SEC Suspension and then this morning the stock is suspended.

[Renee]

PABL SEC Suspension for severely delinquent Financials / Filings:

https://www.sec.gov/litigation/suspensions/2017/34-80638.pdf

Order:

https://www.sec.gov/litigation/suspensions/2017/34-80638-o.pdf


Admin Proceeding:

https://www.sec.gov/litigation/admin/2017/34-80633.pdf

[Renee]

The SEC has no apparent pattern for suspending delinquent registered filers. Some SEC Registrants can be delinquent only one year to receive an SEC Suspension and subsequent revocation of their stock registration while some SEC Registrants are delinquent up to 7 years before the SEC takes action. Of course, the SEC should have a predictable timeframe template for delinquent SEC Filers to file or automatically be suspended, but that has not occurred.

Once the SEC does suspend a stock for being delinquent in filing Financials and other filing obligations it is too late for the company to remedy the delinquencies, and in 100% of all SEC Suspensions for delinquent Financials ALL the suspended stocks had their registrations revoked....ALL of them, no exceptions.

So, although Parabel Inc. has so far avoided the SEC guillotine, if and when the SEC does suspend the stock the SEC Admin Law Judge will not accept any excuses and the PABL stock registration would be revoked.

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000927472&owner=exclude&count=40&hidefilings=0

Readers may study the following post to gain a comprehensive understanding of SEC Suspensions and stock registration revocations:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127559570

[dazetrader]

SEC has been increasing stock trading halts it seems. They most recently halted $AXST for being delinquent with their SEC filings https://www.sec.gov/litigation/suspensions/2017/34-80518.pdf

Renee, have you also noticed an increase in the amount of companies that the SEC has been halting recently?

[WildlifeTracker]

Sorry about your money. Looks like New Leaf went out of business around the same time, which seems inevitable as the brand seemed to confuse people into thinking it's "pure leaf tea." I could be that they made their money by selling shares? That would inspire the SEC to revoke their stock.

[dazetrader]

Since the company isn't doing anything about their delinquent SEC filing status, the company is at risk of a HALT and revocation! This could happen any day without giving investors any advance notice. This happened to me while investing in $NLEF, causing me to lose my ENTIRE INVESTMENT!

[WildlifeTracker]

Different company, different CEO, completely different product. Stock halt unlikely as the company is not doing anything that would trigger an investigation.

[Renee]

PABL is severely delinquent in their filing obligations, Financials and other filings. Thus, the stock is at very high risk of an SEC Suspension then revocation of their stock registration.

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000927472&owner=exclude&count=40&hidefilings=0

[dazetrader]

Petroalgae: $1.8 Billion Market Cap With No Revenues

Jun. 1, 2011 7:51 AM ET|4 comments| About: Parabel Inc. (PABL), Includes: AMFW, REFG, XOM

Petroalgae (PALG.PK) has a current market cap of $1.8B, net debt of $57M, total assets of only $4M, and last 12 months' net loss of -$38M. Petroalgae has not generated any revenues since inception in 2006.

Management is well compensated. The CEO's 2010 salary was $486k, and five other senior managers earned over $200k. Five senior officers also received an $11.4M accelerated stock vesting in the fourth quarter of 2010, although that was based on the current high stock valuation.

Petroalgae is developing a process to produce bio-fuels from algae and other micro-organisms. In open-pond bioreactors, the company or future licensees grow aquatic microorganisms at accelerated rates, enabling the production of two end-products: a fuel feedstock that can be used in refineries, and secondarily, a protein that can be added to animal or human food.

Biofuels have a lot of potential. It is a renewable energy source that is in ample supply. As fossil fuel supplies may diminish in the decades to come, biomass fuels (converting bio-waste to energy, or algae to energy) become more attractive.

Petroalgae's stock hit an all-time high of $33 back in 2009, when Exxon Mobil (NYSE:XOM) announced that it would spend $600 million to study the feasibility of algae-based fuels, although none of those funds have been directed towards Petroalgae. Since then, Petroalgae has announced some corporate partners, most notably Foster Wheeler (FWLT), although monetization of these agreements have not yet occurred. In fact, one recent licensee, requested a refund of its $2M escrowed license fee, which was refunded in January 2011.

Read the full article here: https://seekingalpha.com/article/272698-petroalgae-1_8-billion-market-cap-with-no-revenues

[dazetrader]

Chapter XI of the Federal Bankruptcy Code

Company History
Formerly=PetroAlgae Inc. until 4-2012
Formerly=Dover Glen, Inc. until 1-2009
Formerly=Voxel until 9-2008
Note=6-98 company filed petition under Chapter XI of the Federal Bankruptcy Code. Chapter XI case converted to Chapter 7 on 8-3-98 and all assets transferred to Chapter 7 Trustee in settlement of all outstanding corporate obligations. Case was closed on 5-14-02. The company is the successor company to the company that was in Chapter 7 bankruptcy and has been inactive since 8-3-98

PABL Security Details
Share Structure
Market Value1 $294,032,008 a/o May 01, 2017
Authorized Shares 300,000,000 a/o Dec 22, 2008
Outstanding Shares 106,920,730 a/o Aug 12, 2013
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 80,713 a/o Dec 22, 2008
Par Value 0.01
Transfer Agent(s)
Island Stock Transfer
Shareholders
Shareholders of Record 379 a/o Mar 30, 2012
Security Notes
Capital Change=shs decreased by 1 for 85 split. Pay date=09/24/2008.

[dazetrader]

Parabel_INC entity Status INACTIVE, REVOKED FOR ANNUAL REPORT.



http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=PARABEL%20F110000008411&aggregateId=forp-f11000000841-c0f511d9-f658-496b-9c2b-f5b28cba8c95&searchTerm=Parabel%20Inc.&listNameOrder=PARABEL%20F110000008411

[dazetrader]

$PABL 10-K (Annual Report) not updated since Dec-31-2012. SEC filings are very old, is it possible the SEC could permanently halt trading in this stock, due to the severe delinquency?https://www.otcmarkets.com/stock/PABL/filings

[dazetrader]

Is $PABL at risk of being permanently halted? Due to their delinquent status?

[dazetrader]

SEC announced the suspension of trading in securities
https://www.sec.gov/litigation/suspensions/2017/34-80405.pdf

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C.
SECURITIES EXCHANGE ACT OF 1934
Release No. 80405 / April 7, 2017
The U.S. Securities and Exchange Commission (Commission) announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m.
EDT on April 10, 2017, and terminating at 11:59 p.m. EDT on April 24, 2017:
1. Algeta ASA (ALGZF)
2. American Media Systems Co. (AMMS)
3. Apextalk Holdings, Inc. (APXG)
4. Art Boutique, Inc. (The) (ARTB)
5. Avatar Systems, Inc. (AVSM)
6. Billet Finder Inc. (BLTF)
7. Bookkeeper International Equities Corp. (BKPR)
8. Brandt, Inc. (BNDT)
9. CallKey International, Inc. (CKYI)
10. Cardiac Network, Inc. (CNWI)
11. Carolyn River Projects, Ltd. (CRPL)
12. China National Appliance of N. America Corp. (CNLC)
13. China Polypeptide Group, Inc. (CHPN)
14. China Redstone Group, Inc. (CGPI)
15. Clean Transportation Group Inc. (CLNZ)
16. Colonial Mirror & Glass Corp. (CMGC)
17. Connected Media Technologies, Inc. (CNCM)
18. Cotton & Western Mining, Inc. (CWRN)
19. Cross Atlantic Commodities, Inc. (CXAC)
20. Cryopak Industries Inc. (CYKIF)
21. Cyclon Capital Corp. (CYLO)
22. Dongsheng Pharmaceutical Int’l Co. Ltd. (DNGH)
23. Duravest, Inc. (DUVT)
24. Eastern Security & Protection Services, Inc. (EAST)
25. Easy Scripts Inc. (EYSI)
26. Emporia, Inc. (EPRA)
27. Enable TS, Inc. (ENTS)
28. Enzyme Environmental Solutions, Inc. (EESO)
29. FileWarden.com (FLWD)
30. Forever Enterprises, Inc. (FVEN)
31. Gambit Energy, Inc. (GMEI)
32. Goldenway, Inc. (GWYI)
33. Good Life China Corp. (GLCC)
34. GSM Fund Group Inc. (GSMF)
35. Hall of Fame Beverages, Inc. (HFBG)
36. Hammett (J.L.) Co. (HAMT)
37. Harrison-Ross Group, Inc. (HRGP)
38. Heathrow Natural Food and Beverage, Inc. (HRNF)
39. Henry County Bancshares, Inc. (HYCY)
40. Holiday-Gulf Homes, Inc. (HOGU)
41. Homeowners Financial Corp. (HOFC)
42. Stevens International, Inc. (SVEIA)
The Commission temporarily suspended trading in the securities of the foregoing
companies because of questions regarding the adequacy and accuracy of information
about the companies. The order was entered pursuant to Section 12(k) of the Securities
Exchange Act of 1934 (Exchange Act).
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that
they should carefully consider the foregoing information along with all other currently
available information and any information subsequently issued by these companies.
Brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the
Exchange Act, at the termination of the trading suspensions, no quotation may be entered
relating to the securities of the subject companies unless and until they have strictly
complied with all of the provisions of the rule. If any broker or dealer is uncertain as to
what is required by the rule, it should refrain from entering quotations relating to the
securities of these companies that have been subject to trading suspensions until such
time as it has familiarized itself with the rule and is certain that all of its provisions have
been met. Any broker or dealer with questions regarding the rule should contact the staff
in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202)
551-5777. If any broker or dealer enters any quotation that is in violation of the rule, the
Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information that may relate to this matter,
they should immediately contact Elisha L. Frank, Assistant Regional Director, or Jason
R. Berkowitz, Assistant Regional Director, Miami Regional Office of the Securities and
Exchange Commission at [phone], or Michael D. Paley, Assistant Regional
Director, New York Regional Office of the Securities and Exchange Commission at
[phone].

[WildlifeTracker]

Great interview about Lentein with the CEO of Clean Machine

[WildlifeTracker]

Clean Machine® Announces Exclusive Deal With Parabel To Launch Clean Green Protein™ With Lentein™

http://www.prnewswire.com/news-releases/clean-machine-announces-exclusive-deal-with-parabel-to-launch-clean-green-protein-with-lentein-300416792.html

[WildlifeTracker]

Website for Parabel's Lentein
http://www.lentein.com/

[WildlifeTracker]

Excellent video showcasing Parabel's first farm in Florida
https://www.facebook.com/LENTEIN/videos/1680114622005147/

[Renee]

PABL is severely delinquent in filing their Financials and corporate filing obligations to the SEC. On Feb. 20, 2015 the SEC suspended 8 stocks from the Delinquent SEC Filers list, and it is likely that more delinquent Filers will be suspended.

Since Jan 1st, 2010 the SEC has suspended over 1290 stocks for Financials delinquencies. All of those Suspended stocks had their stock registrations revoked.

Shareholders should contact the company and pressure the Mgmt to file their delinquent Financials because ALL shareholders would be wiped out IF the SEC suspends the stock.

PABL is on the list of delinquent filers:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110680509

[ofspring]

WOW $1.94 PABL NOW.....

[ofspring]

UP A BUCK....

[ofspring]

Up another 37%....

[ofspring]

INSIDER ACTIVITY
https://www.etrade.wallst.com/cgi-bin/upload.dll/file.png?z03880f0azc8ca220a0a5841bb851d434a26a31679

[$tock Rev]

*** Holding potential here..............

[brokeman442]

I know BEHL has one good CEO and they are being really secretive right now. I think something is brewing!

[sinbo]

i agree 100%

[bud_fox]

Keep an eye on SYNJ also. They are going to be a major play in the renewable energy sector.

[RonnieD]

yes. i have a friend who just a few weeks ago sold half his shares, holding the rest from VOXL/DVGL.
I think the share price is artificially inflated by manipulation, which is inexpensive when the float is microscopic. The issued shares that have not entered the market may still enter someday.
good luck with it.
On the positive side they are progressing in many ways.

[Entangled Proton]

Here we are almost 1 year later and the pps is 21.50 . You sold this one a little short. Don't see this often on the OTC. If the pumpers only new about this one. LOL

[justerx]

Nice Day

[anotherboat12]

BEHL is the next algae play that will make you rich. Its a start up thats going to really make waves in both the business world and the stock world.

[crystal clear]

So many eyes looking @ the algae world, another that I'm watching is BEHL.

[Flyguy30000]

Hi.. I am not an investor but I am looking for good companies in the bio-fuel space. Anyone have any insight on Petro Algae?

[greenman100]

what's up with the spread bid $8.00/ ask 105.00 ????

[di4]

PetroAlgae Hires International Sales Team as It Approaches Commercialization
Jun 4, 2009 10:00:00 AM
Copyright Business Wire 2009


Email Story Discuss on ZenoBank

View Additional ProfilesMELBOURNE, Fla.--(BUSINESS WIRE)-- PetroAlgae (OTCBB:PALG), a leading alternative energy company, today announced the addition of nine senior international sales executives to license its breakthrough commercial micro-crop technology system that enables large-scale production of clean fuel and food to customers in North America, South America, Europe, Asia, and the Middle East. The nine executives bring a wealth of experience to PetroAlgae having worked for companies including BP, ConocoPhillips, Cargill, Trinity Industries, Merrill Lynch and Syngenta. With these latest additions, PetroAlgae now employs 115 employees and is continuing to build its team as it prepares for commercialization. The Company noted that the additional new hires represented a 28% increase from its fourth quarter, ending December 31, 2008, when the count stood at 90.

"PetroAlgae's expansion is continuing at a rapid pace, undeterred by a harsh economic climate or the chill in capital markets," said PetroAlgae Chairman Dr. John Scott. "The company now has virtually all of the elements in place to meet its goal of bringing its micro-crop technology to market this year giving PetroAlgae the first-mover advantage in a multi-billion dollar renewable-fuels market."

Today's news follows PetroAlgae's recent announcement that it has established a Washington D.C. office and named three executives to work with the Obama Administration, Congress, non-profit groups and the business community to create a marketplace for clean, sustainable fuels.

About PetroAlgae

PetroAlgae (OTCBB:PALG), a leading alternative energy company, licenses a commercial micro-crop technology system that enables the production of clean fuel and food in an environmentally sustainable manner. Through a modular, flexible design construction, PetroAlgae enables a near-continuous growing and harvesting process of a wide variety of micro-crops suited to local climates, ensuring maximum growth rates. PetroAlgae's globally scalable system produces a cost-effective alternative to fossil fuels and high-value protein while absorbing carbon dioxide from greenhouse gas emissions. The Florida-based company is expected to establish first-mover advantage in the biofuels industry and offers a path to sustainable and clean energy independence while promoting local job growth.

If you would like to be added to PetroAlgae's investor email lists or have additional questions, please contact Haris Tajyar with Investor Relations International at [e-mail].

Forward Looking Statements: This news release may contain certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a number of factors, including the uncertainty of the launch of our commercialization strategy, risks associated with the licensing, development or acquisition of its technologies as well as otherrisks detailed in the Company's filings the SEC. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.




Source: PetroAlgae


----------------------------------------------
Media Contact:
Weber Shandwick Seattle
Katie Hays
425-452-5428
[e-mail]
or
Investor Contact:
Investor Relations International
Haris Tajyar
818-382-9702
[e-mail]

[di4]

PetroAlgae Opens Office in Washington D.C.
Company Appoints Three Executives to Continue to Build Support for Biofuels in Washington D.C.
May 19, 2009 10:00:00 AM
Copyright Business Wire 2009


Email Story Discuss on ZenoBank

View Additional ProfilesMELBOURNE, Fla.--(BUSINESS WIRE)-- PetroAlgae (OTCBB: PALG), an emerging renewable energy company, has appointed three executives to work closer with the Obama Administration, Congress, non-profit groups, and the business community to help reduce America's dependence on fossil fuels by creating a marketplace for clean, sustainable sources of energy. The three new appointments are Andrew Beck, who has joined the company as vice president of public affairs; Michael Gale and George Lyons, who have both joined the company as vice presidents of government relations.

"One of the most effective responses to the challenges of restoring our nation's economy and responding to our climate and energy crisis is a green recovery," said Dr. John Scott, Chairman of PetroAlgae. "These three talented individuals will lead PetroAlgae's discussions with the Obama Administration, Members of Congress and others in Washington to help educate the country on the ability of clean-energy to help create new jobs and contribute to the nation's economic recovery."

Mr. Beck will manage PetroAlgae's strategic communications, public outreach and media relations operations. Beck comes to the company from the U.S. Department of Energy where he served as director of public affairs. He also worked as the deputy associate administrator of public affairs for the U.S. Environmental Protection Agency.

Mr. Gale will manage PetroAlgae's interactions with government officials with a focus on energy, environmental, tax and international issues. Gale previously served as the president of Government Relations and International Trade Strategies. He also worked as vice president for international trade and government relations at Warnaco Inc.

Mr. Lyons will manage PetroAlgae's interactions with government officials with a focus on energy, tax, appropriations, and state issues. Before joining the company, Lyons served as a principal at the Gimga Group. Prior to that, Lyons served as the vice president of District of Columbia affairs at Pepco Holdings, Inc. and vice president of government and public affairs at Exelon Corp.

About PetroAlgae

PetroAlgae (OTCBB: PALG), a leading alternative energy company, licenses a commercial micro-crop technology system that produces clean fuel and food in an environmentally sustainable manner. Through a modular, flexible design construction, PetroAlgae enables a near-continuous growing and harvesting process of a wide variety of micro-crops suited to local climates, ensuring maximum growth rates. PetroAlgae's globally scalable system produces a cost-effective alternative to fossil fuels and high-value protein while absorbing carbon dioxide from greenhouse gas emissions. The Florida-based company is expected to establish first-mover advantage in the biofuels industry and offers a path to sustainable and clean energy independence while promoting local job growth.

For further information on PetroAlgae, please visit www.petroalgae.com.

Forward Looking Statements: This news release may contain certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a number of factors, including the uncertainty of the launch of our commercialization strategy, and other risks associated with the development or acquisition of new products or technologies and those risks detailed in the Company's filings the SEC. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.



Source: PetroAlgae


----------------------------------------------
Weber Shandwick Seattle
Katie Hays
[phone]
[e-mail]
or
Investor Relations International
Haris Tajyar
[phone]
[e-mail]