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OOHAH,
THANKS FOR YOUR INPUT. GOOD TO SEE DIFFERING POINTS OF VIEW ON WHERE THIS STOCK IS HEADING.
I THOUGHT GARY'S LATEST POST ON THE PECD YAHOO! BOARD WAS VERY INTERESTING TOO:
"You guys are killing me! Now we're down to the shareholders expressing wild ass dreams??? This company and its stock is going NOWHERE! You won't get a response, because these guys are packing up and moving out of their digs by the months end. Lease up. If some idiot comes along and dribbles a few bucks their way to keep the phones working they should be able to keep up the charrade a little longer. Look for the next PR outlining a new toxic financing arrangement. This in spite of my warning RS in person of the dangers of doing this. It won't be the first or last. Just keep those salaries and perks coming in every month until you bleed the investors to death. Thats whats happening here, folks. Havn't any of you noticed that there has been Z E R O mention of Tricon/Atlantic? It was all a scam. The whole bunch are crooks. We have been duped. Management will release nothing to you. It was rigged from the beginning.
Now, regarding Trump and all that bull@#$%. What a joke. First off the product doesn't work worth @#$%. It does nothing for odors. I am now in Florida, where my daughter has two cats. She has been using this crap for three months. When a cat @#$%s in that box, you have to run for the air freshener. And it tracks all over the house. Plus it costs waaaay to much. She is going to cancel her subscription this week. The product DOESN'T work as stated. That is why the company is going into the @#$%er. They changed their formula from what it was two years ago when I tried it and bought into this dump. It used to be a brown/tanninsh color, now its white and worthless. Their old packager is gone, they owed them a ton at one time, not sure if the debt was cleared up, but these boys in Dallas changed the product, got some other blender, and what they have now is crap. Other than the light weight aspect and the urine detector, they have nothing. Cat people are smarter than they imagined, just like your silly reference to Lennon's song. Sorry, dude, but you're going nowhere with that dream.
Gary "
Long Over Due; “MUST READ”
It is no secret that this company has been around for a long time. I have seen articles that date back as far as 1984. After many starts, re-starts, product iterations, distributions agreements, marketing gurus and corporate issues … It is in my opinion that the future of this company is just getting started and as far as I am concerned, the past is just that “the past”. You can’t change it, I can’t change it. However, we can learn from it and learn to watch the signs closer and become better educated as to what the signs tell us about a company. I believe the writing is on the wall this time around.
THE SIGNS… Let’s review
Reverse Stock Split:
A necessary evil, a capitalization restructuring was imperative to attract new capital from sources that could help propel the company in a new direction that it has never been able achieve before. Yes everyone knows that the resulting stock price from the split looked great but would never sustain that level. They never do and the split was not designed to increase the stock price. The company will have to execute and deliver in a manner that is has never done before. Then the stock price will stabilize to a level that substantiates the company’s level of performance.
Full Reporting:
On April 4, 2007, the company announced that they had hired auditors to begin the process to be a fully reporting company. This is very important. It is imperative that they move from the Pinks to at least the OTCBB. Nobody wants to invest in a company for the long haul if they do not have access to the necessary data to make logical decisions on investing, holding and selling the stock that they have invested in. I commend the company on this step and look forward to the announcement that the audits are hopefully completed soon.
Financing with TRICOR Holdings LLC:
Wow! In my view this is huge once you understand who TRICOR is. Then and only then you can begin to understand how big of a deal this really is. TRICOR’s primary principle is Engin Yesil. This guy is a mastermind in this space or any space for that matter. Just a few snippets about Mr. Yesil
http://www.prweb.com/releases/2004/5/prweb124291.htm
(PRWEB) May 8, 2004 --Two decades ago, Engin Yesil had his life all mapped out. He was
going to earn a degree in finance at the University of Florida, then return to Turkey to take
the reins of the family shoe manufacturing business Engin Yesil Footwear. But Engin Yesil
found the American tradition of entrepreneurship all too alluring. Much to his parents'
chagrin, he dropped out of college to stay in the United States and launch what turned into a
$75 million mail-order contact lens business. Then he took on telecommunications, founding
a $150 million wholesaler of prepaid calling card services and long-distance switching
networks in Miami called Radiant Holdings.
As an additional note, have you ever heard of PetMed Express Inc. Nasdaq: PETS? Go to
www.finance.yahoo.com, plug in the ticker “PETS”. Then on the left side look at inside
transactions. Yes Sir, TRICOR Holdings LLC, another success story brought to you by Engin
Yesil
What do the signs mean? Well for me they mean that this company has the opportunity and
hopefully will now begin to show some traction and will be able to execute and create the
value for its shareholders that they deserve. These are my opinions and are not intended to be
misconstrued as financial advice in one way or the other.
NOTICE:
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Reference is made in particular to the description of PECD.PK plans and objectives for future operations, assumptions underlying such plans and objectives and other forward-looking statements included in the information provided. Such statements, which contain terms such as “expect”, “believe”, “anticipate”, “suggest”, “plan”, “indicate” and similar terms of uncertainty, are based on management’s current expectations and beliefs and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. Factors which could cause such results to differ materially from those described in the forward-looking statements include the size and growth of the market for PECD.PK operations, regulatory approvals, the ability to fund its capital requirements in the near term and the long term, developments by competitors which could impact PECD.PK operations; armed conflicts and or terrorist activities which could affect the economy and or the public equity markets, effects of naked short selling and other market pressures; and similar related issues. All statements relating to operational results are hereby qualified in their entirety by the company’s filings, including its financial statement filings, under the Securities Exchange Act of 1934.
Hey, gang!
I've posted a survey on this board.
I would love to see your feedback.
RIPOFFREPORT.COM
FOUR PEOPLE WHO ORDERED THE FREE PERFECT LITTER SHARE THEIR EXPERIENCES:
Report: #307072
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Report: Pet Ecology
Category: Animal Services
Pet Ecology Stealing your money Dallas Texas
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Are you an owner, employee or ex-employee with either negative or positive information about the company or can you provide "insider information" on this company?
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Are you also a victim of the same company or person? Want Justice? File a Ripoff Report and don´t let them get away with it!
Pet Ecology
Phone: 888-854-8837
Fax:
14822 Venture Drive
Dallas, Texas, 75234
U.S.A.
Submitted: 2/7/2008 2:56:19 PM
Modified: 2/7/2008 2:56:00 PM
Tjmuse
Pemberton, New Jersey
They called me about ordering cat litter after I had tried a bag. I really liked the product and wanted more so I order 2 more bags which came to about $20. That was a month ago and I still do not have the littler. I have tried calling them and have e-mailed them several times. They have never once responded to me but they are quick to keep asking me to buy more. I'm glad I put the order on a $25 Visa gift card and not my normal card as I'm sure they would try to rip me off some more.
Tjmuse
Pemberton, New Jersey
U.S.A.
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Report: #297016
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Report: Pet Ecology
Category: Credit Card Fraud
Submitted: 1/4/2008 1:21:15 PM
Modified: 1/4/2008 1:21:00 PM
Big ogre
Sherman, Texas
In November, my wife ordered (on the Internet) what she thought was a free sample of Pet Ecology's cat litter product. They asked for a credit card to bill the shipping charges to. Well, the sample came and we were billed for the shipping. Then during the first week of December another shipment appeared at our door step. I called Pet Ecology and was assured that the shipments would stop. Out of my own stupidity, I went ahead and paid for the shipment with the feeling that this would be the end of the issue. Yesterday (1/3/2008), yet another shipment arrived.
After spending the better part of an hour on the phone with there automated system, I managed to speak with 'Tracy' who assured me that there was no record of my cancellation of their 'service'. Well, today (1/4/2008), yet another shipment has arrived. I called P.E. and waited in the customer service queue for 20 minutes only to be notified that the person at the extension was not available and I was requested to leave a message. I am now still on hold trying to talk to their sales department. I don't expect any better service.
In the mean time, I contacted my credit card company and lodged a dispute over the charge. I don't know what legal agency investigates this type of fraud but since I am retired, I have plenty of time to find them and initiate whatever proceedings are available and appropriate.
Whatever you do, don't buy anything from this company!
Big ogre
Sherman, Texas
U.S.A.
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Report: #295602
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Report: Pet Ecology Brands
Category: Advertising / Deceptive
Pet Ecology Brands, After sending emails to stop sending their product, they continue sending it and withdrawing money from my account. Dallas, Texas
*Consumer Comment ..Card Company May Help
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Are you an owner, employee or ex-employee with either negative or positive information about the company or can you provide "insider information" on this company?
Victim of this person/company?
Are you also a victim of the same company or person? Want Justice? File a Ripoff Report and don´t let them get away with it!
Pet Ecology Brands
Phone:
Fax:
14822 Venture Drive
Dallas, Texas, 75234
U.S.A.
Submitted: 12/30/2007 3:39:24 AM
Modified: 12/30/2007 3:49:55 PM
Old gray mare
Theodore, Alabama
When I first ordered a 'sample' of this cat litter I sent Pet Ecolog my card number to take the shipping and handling from my account. After that I have tried on two occasions to stop the shipments, they automatically send out orders and also deduct money from my account. I went on line today to check my account and found that Pet Ecology had deducted for another shipment. I keep telling my UPS delivery person to send it back. I am 71 years old and living in a small area on a fixed income and cannot afford to be taken advantage of like this. In early Dec. the fact that Pet Ecology deducted from my account caused me to be overdrawn on my account and it ended up costing me a total of 114.00 for NSF that I wasn't expecting.
The odor is awful from the litter. My cat refuses to use it. I hope someone can help me with this. I would be ever so thankful.
Carlene
Theodore, Alabama
U.S.A.
Submitted: 12/30/2007 1:52:31 PM
Modified: 12/30/2007 3:49:55 PM Nancy
Urbandale, Iowa
U.S.A.
Card Company May Help
Try writing or calling your card company and tell them to stop allowing the payments and why. They should assist you with this.
Nancy
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Report: #294456
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Report: Pet Ecology
Category: Pet Shops & Supplies
Pet Ecology/Perfect Litter Charged my CC after I cancelled order - CANNOT Contact for refund! Dallas Texas
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Pet Ecology
Phone: 972-759-8080
Fax: 972-759-8083
14822 Venture Drive
Dallas, Texas, 75234
U.S.A.
Submitted: 12/26/2007 10:10:10 AM
Modified: 12/26/2007 10:10:00 AM
Jenn
Newark, New Jersey
Someone convinced me to try this 'Free Trial' of 'Perfect Litter' (mistake number 1), so I received the 'Perfect Litter' and did not like it at all right away. I waited a week to see how the cats responded to it, then I cancelled the order (mistake number two.)
When I ordered this free trial, I agreed to terms & conditions: I had 2 weeks to try the product and if I wasn't satisifed I could cancel and would not be charged anything further or be sent any more litter.
I tried to call everyday after a week of receiving the litter. I could never reach anyone on the phone so finally I sent an email, cancelling my order (within the 2 week period as specified by the terms & conditions). I received an automated return email acknowledging my email.
A week later I noticed a Hold on my credit card for $37.90, not only did they charge me for more litter THAT I CANCELLED, but they charged me TWICE! The hold on my card lasted a week, when finally, the pending charge became a real charge for $19.85 (the monthly charge.)
I called customer service right away, I sat on hold for 31 minutes at a time, each time being sent to a voicemail after the 31 minutes. I called the 800 number to order a free trial, I finally got someone on the phone and explained the situation. I was transferred to customer service and was told I should receive a full refund within 7 days of refusing the delivery.
I have refused the delivery 2 weeks ago and still cannot get anyone on the phone to give me a status of my refund. Every time I call, no matter which option I choose, I sit on hold for 31 minutes and then get transferred to voicemail.
I am very frustrated and broke, it's Christmastime, I could really use an extra $20 this week. I hope they will respond to my Rip Off Report.
Jenn
Newark, New Jersey
U.S.A.
(1>CHARGES TO YOUR CREDIT CARD
If the charge was to your credit card (not debit card, check card, or checking account), contact the credit card company as soon as possible to request a dispute form. Consumers usually have a little longer to dispute fraudulent credit card charges (up to 6 months), but it is better to act right away. In this type of situation, credit card disputes are usually successful since fraudulent companies often won't contest the disputed charge. In rare cases, credit card companies will review disputes, but refuse to reverse the charges. If this occurs, complain to a manager and let them know you will be filing a report here.
Remember… Don't let them get away with it! Make sure they make the Rip-off Report .. The more Reports filed on a Company or individual, the more likely it is that the authorities, media and attorneys will want to take action.
And good luck… Let us know how you do!
From management: Helps explain the sudden appearance of 154,000 shares sold short. No rush to cover. The stock will at least halve before they even consider.
In connection with distributions of shares or otherwise, each Selling Shareholder may (a) enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the shares in the course of hedging the positions they assume, (b) sell the shares short and redeliver the shares to close out such short position, (c) enter into option or other transactions with broker dealers or other financial institutions which require the delivery to them of shares that this Prospectus offers, which they may in turn resell, and (d) pledge shares to a broker-dealer or other financial institution, which upon default, they may in turn resell.
Correction: I was mistaken when I stated that Jane Lorenzen filed a lawsuit against Pet Ecology. Apparently it was a different "ex-employee", my assumption was incorrect. I have explained my error and apoligized to her via private email.
I've got all the present employees hating my guts, I certainly don't want all the past crew doing the same.
Have any of you noticed that the lows are getting lower as we sit and watch this thing going through the slow death?
I'm sure most know the standard stock market trends to watch for:
LOWER LOWS, LOOK OUT BELOW.
gcollins4@comcast.net
Gary, could I please get your regular email address
Im glad im out of it. Now im very lucky that it was with a nice profit i got out.
I have spoken with Jane and she seems to me to be a fine person who was truly wronged by this company and she does have a lawsuit in place. The criminal past of Pet Ecology is legend and continues to be a factor in it's precarious position. If my estimates are correct, they are close to running out of cash soon. Their burn rate is attrocious.
Call them yourself to confirm any of this, including asking about ALL the pending lawsuits.
Gary
My goal is to be able to exit this stock at my entry points.
The markets will extract their own vengence in time.
I would suggest to you and all the shareholders make constant demands of the company to tell the truth. They have been evading all of my requests and are continuing to extract their salaries even while the ship is sinking. Those of you who choose to remain quiet and make assumptions that things are fine and that better times are ahead are making a huge mistake. These companies with shaky pasts are fully aware that their schemes can continue as long as the natives remain silent. Speak out, via email (and keep records for future lawsuits), call on the phone, send letters etc. Ask questions, learn more about the principles. Where are the numbers? Why can't you find anyone who uses the product? Why the silence?
Question for PLAINJANE
Is this blog true?:
They really slammed Jane Lorenzen and whacked her good on shares due her and I believe that she filed a lawsuit against them. According to the filing there are others that have done the same thing
Maybe your best revenge is to short the hell out of this stock?
Cuppy
Called Ralph yesterday, asked him if he could give me any reasons for not selling. His reply: "Gary, it's a free country, you can do whatever your want." End of conversation.
Kinda makes you wonder, doesn't it?
Someone on the new Yahoo board mentioned the "next" shareholders meeting. Trust me on this, there will NEVER be another meeting. Just like UGHO.OB. One meeting with all the toxic financing guys there and a total of TWO shareholders. Myself and another smuck who lived down the street with a couple of grand invested. Then three years without a meeting. Same thing will occur here. The ask is down to 1.20 this morning. The stock is finished. There are going to be a lot of people besides me kicking their collective asses for believing in a company like this. FWIW, we all deserved what is in store.
roger on the math correction. I tend to overlook stuff like that when I get in the rant mood.
Try 24 years ago - look at the date on that story - it is from 1984! The Dallas Times Herald went under around 1989, if I remember correctly. I wonder how the poster even got the text of this story - that paper never even made it to the digital age.
Cuppy
I think you mean the straight BULL SHIT !
Fourteen years ago and look where the company is. What amazes me more than anything, is that they are still in existence. The guy on the Yahoo message board hit it right. The company has seen more criminals than Elliot Ness! At the present rate of trading, I suspect it will take about two more years for these warrants and options and restricted shares to flush down the toilet, just like the litter. I am making an educated guess that the there are 10,000,000 to 15,000,000 shares issued at .05 to .15, pre-split. No one is going to wait any longer so the sell side is stacked to the roof. I won't lie to anyone, I'm there also. I'm going to be dropping my ask and get out. When the numbers are released, the gates will open.
I learned a long time ago, to sell ahead of earnings. Look at Taser! Outstanding results and the stock lost 28% on record volume. F*** this POS.
Management is an oximoron.
THE STRAIGHT POOP
Dallas inventor is clawing his way to the top
with a light, absorbent, flushable kitty litter
By Steve Smith - Staff Writer
The Dallas Times Herald June 22, 1984
MILD-MANNERED Ralph J. Steckel, with a gleam in his eye clinches his right fist and says, "We've got'em by the goodbers."
Who he has by the goobers are the various manufacturers of kitty litter, and why their goobers are in trouble is because Steckel runs a company that makes a new product called Kitty Lite, which he says is the first breakthrough in kitty litter in 30 years.
Lest you snicker at Steckel, be reminded that his market research shows that kitty litter is a $300 million a year business and that 70 percent of those people who use kitty litter for their their cats, that is are not satisfied with what their present litter does, or doesn't do.
Steckel's patented Kitty Lite looks pretty much like the old clay-based litter, but the pellets vary more in size and crumble more easily. It weighs much less than a 10-pound bag of regular kitty litter that is the same size as a 2-pound bag of Kitty Lite. Steckel says KItty Lite absorbs three times its weight, and a special enzyme combined with the mysteriouis main ingredient absorbs odors much more effectively. Both ingredients are biodegradable.
But Steckel, a transplanted Yankee living in Dallas, is most proud of the fact that Kitty Lite can be flushed down the toliet. Old kitty litter evidently can't, not without stopping up your pipes. You have to haul it out with the garbage, or bury it somewhere, I'm told.
These are pretty heady claims, and responsible journalism demands that they not be printed without verification. Steckel presented us with a test bag, which I presented to a pair of experts: My wife and our cat. The cat uses kitty litter, whidch my wife changes. I do not change kitty litter. I work on the car or mow the grass or light the barbecue grill. I do not change kitty litter.
I did consent to watch.
My wife poured Kitty Lite into the cat's box: she observed that it appeared dustier than regular kitty litter, which Steckel says it shouldn't. I wouldn't know the difference, but I wrote it down in ny notes anyway.
We fed the cat a bowlful of Little Friskies and waited.
Periodically we would tiptoe into the kitchen and peek into the cat box. Nothing yet. In the meantime I reflected on what a glamorous occupation journalism can be.
Eventually the cat came through. We knew when we heard her flinging Kitty Lite against the sides of her box in a good-faith attempt to cover up what she had just done.
We lifted the lid, and the cat looked embarrassed and slightly disgusted. So did we.
We did flush some Kitty Lite down the toliet, and down it went, and it didn't stop up the pipes.
So, as near as we were willing to investigate, Kitty Lite seems to work. And it seems to be selling. "We're growing so fast," Steckel says: a short story in Adweek magazine to handle Kitty Lite drew responses from dozens of eager agencies, Steckel says. THe product is a natural: How about, "We have a strange feline that Kitty Lite is the cat's meow." That's purrfect. He can send me a check for it later.
Steckel is working on a possible promotion with Operation Kindness, a non-profit group that helps find homes foe homeless animals. He hopes to offer a free supply of Kitty Lite to anyone who adopts a cat from them. Steckel spent 10 years working in Proctor and Gamble's marketing department, so he knows something about product promotion.
The factory, located in Vivian, La., can crank out about 50,000 bags a day, and Steckel hopes to be in full production soon. Vivan, he says, has the potential of becoming "the kitty litter capital of the world," which no doubt has the Vivian city fathers popping their buttons.
Though Texas is his main market, Steckel is selling Kitty Lite in California, New York and Florida, and is negoiating with a fellow who wants the West German franchise. Most of the larger grocery chains in Dallas carry Kitty Lite.
Steckel says his product is not the cheapest kitty litter on the market, nor is it the most expensive. It retails for between $2.79 and $2.99 a bag.
Finally, this has to be said: Steckel doesn't even have a cat.
Getting more pathetic by the day. Below pre split. What a joke!
I guess all that horse crap "sweepstake" PR did was humor the writer.
More of that slow steady selling again, this time at 1.70.
Sickening
If thats the bright side, I don't want to know what dark is like.
FWIW, my prior assesement of the future trading patters are quite evident this morning.
Here were the trades at 1.80
1200, 100, 700, & 1000. Thats 3000 even shares, a $5,400 payout just like that. Whats interesting to follow here, is that $ 1.80 is pre-split .15 of which there were about 50,000,000 shares given away at that number. You may also recall when I bought 250,000 shares from Mike Ritger for $ 37,500.00. Thats at .15. His cost? .10, same as his fathers holdings (5mil+) which were also received at .10. My point being that these guys and many many others have a zillion sell orders out there and its going to take years to absorb them. Anyone buying these shares is going to have to wait a loooooong time to see anything change, and I would suspect that the change will be negative. PECD fleeced all of its shareholders and they don't give a rats ass who gets stomped. That sell out spelled doom for PECB holders, there will be no money left when its all said and done. All of my shares are up for sale as well. I'm not waiting around forever.
Gary
Yeah, but look at the bright side, Gary. Some people are benefitting from this circus.
Ralph Steckel is getting $10,000.00 a month plus $500.00 in auto expenses and who knows what other benefits.
According to that SB-2 some of the other PECD people are getting paid well too.
But I'm sure they don't care a lick about the remaining suffering stockholders.
Grasping at straws. I don't think the public is buying into the product. Too expensive. I've seen greedy companies go bust for this reason all too often. How many of you have actually bought this stuff? Have you even tried to buy it? Not an easy task in itself. Mosts stores don't have it. I've done a lot of research on this, and I am not impressed with my findings. All this push to give these things away free on the internet in the hopes that these free loaders will sign up for the regular delivery is obviously not working. There are no numbers out there, in fact that is what is going to crush the company. Been a couple of years now and all we have is more talk. No action. Sorry, but I don't share your enthusiasm.
Don't give up just yet
http://www.1888pressrelease.com/perfect-litter-alert-national-sweepstakes-pr-d34g1p20d.html
(1888PressRelease) February 15, 2008 - DALLAS, TX – Pet Ecology Brands, Inc. (Other OTC:PECD.PK - News), a company committed to technologically advanced pet care products that meet today’s lifestyle and environmental needs, marks the entry of its highly acclaimed and multi award-winning Perfect Litter Alert™ eco-friendly cat litter into retail with the launch of a national sweepstakes.
Consumers are invited to visit www.perfectlittersweepstakes.com to enter the sweepstakes, which will award the grand prize winner $500 dollars in cash and prizes, including a 1-year supply of Perfect Litter Alert™.
Word I have is that this mickey mouse trading is going to continue for years. Restrictions are off the major holders and since their basis was .05 to .10 pre split they just have those orders sitting there at whevever the MM wants to play with and a few million shares and two to five years later, they will be out of the stock. I see ZERO to support owning this stock as an investment. My opinion, and there is nothing from the company that would warrant any other possiblity. From here out this is going to be a continual pattern. A few spurts along the way, but the overall trend is going to be flat to downtrending.
Anyone here want this job?
Gary
anyone out there have a guess when the financials will be released? Moment of truth is very close at hand.
gary
Is that some kind of joke? Havn't heard of such a thing.
Is this stock still considered active? Never know it looking at the volume and spread.
Hey, gang!
Don't forget to enter the Perfect Litter Sweepstakes!
All they want is your phone number, email,physical address and some personal information so they can put your name on a list and sell it to others.
WINNER LIST: To receive a winner list, mail a self-addressed, stamped envelope to be received by March 14th, 2008 to: Perfect Litter Sweepstakes, 1080 NW 163rd Dr., Miami, FL 33169
There are numerous companies listed at the address in Miami.
The saga continues. Curious to look at the year end numbers, which should be showing up this month.
Gary
Well, picked up four trades as of 11:00 AM Monday.
Gary,
Haven't found anything on the head cheese at Tricon - yet.
It has been two days in a row without any activity. Wonder if that will continue into next week.
I would really like contact information on the head cheese at Tricon. I have been told by Gerald Kieft that in his meetings with the man, he was enormously impressed with his backround and his intentions to move this product to major league levels. Another bothersome issue, is the lack of updated information on this "new" national exposure move that we have been hearing about for so long. And we still don't have an audited financial. It would be great to see that happen for the year end report. When I asked about an open letter to shareholders last year, he said he was "working on it." No time line, which everyone would like to see.
Watching level II and these measily trades is a joke. With no volume, I don't know why the MM doesn't just take an extended vacation. FWIW, there definately has not been a mad exit for the doors. With some honest release from the boys in Dallas, we could relax a bit, hopefully.
Gary
Gary,
Which majority shareholders do you want contact information on? I don't know any of them but I might be able to find contact information on them somewhere.
Keep up the good fight!
Forwarding my concern to Bob Saluzzo regarding the short sale. I usggested he forward that to their attorney, and he advised that he had donw so. This is a very troubling event. The fact that someone (I think it is Tbeck and Ron Williams) was able to short this stock 52,534 shares is unbelievalbe. Doing the math tells me that the amount ($100,000.00) might have to do with the lawsuit filed against the company listed in the filing. I would also guess that since this sale was run through a foreign exchange, that more will be forthcoming.
This company has absolutrely got to take this situation seriously. I have had no luck contacting the new majority holders. If anyone out there can help in that regard, please let me know. I have also made a complaint with the SEC regarding this trade, to ascertain if it was "naked" shorted.
Gary
Looks like we picks up a short position? Thats a new twist.
Short Interest Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue
Dec 31, 2007 52,534 154,411.77 14,012 3.75 No No
Dec 14, 2007 34 0.00 3,840 1.00 No No
Nov 30, 2007 34 0.00 3,543 1.00 No No
Nov 15, 2007 34 0.00 5,909 1.00 No No
Oct 31, 2007 34 -52.11 15,040 1.00 No No
Oct 15, 2007 71 100.00 24,678 1.00 No No
Don't know where they come up with 3.75 days to cover. Someone shorted $200,000.00 worth of stock. This is a major shit everyone. And thats no "naked" position !
Blog from Pet Ecology's Andrew Lermsider:
Our company Pet Ecology recently launched an amazing new patented cat litter called Perfect Litter “Alert” that can extend the life of your cat while protecting your family and the environment. We are seeking the input from Veterinarians to put a special vet program in place to distribute this product. We have found Perfect Litter leads to a better relationship with cat owners and their vets by letting owners know when their cat might be sick so their vet can save their cats life in time from a dangerous urinary infection. Perfect Litter began selling directly to consumers on the TV and Internet about 4 months ago and has sold to over 25,000 cat owners with a great response. Perfect Litter is a win for the vets and cat owners. We would like to see if Veterinarians would be interested in a program where you can recommend your customers to use the product and make a residual income off the sales of the product each month? We have developed a system that would allow vets to enroll customers online in our home delivery of the product and receive logins to view stats and commissions on sales. We just need to better understand how to make the final touches to the commission scale and vet promotions but need the input of the Veterinarians to complete this. Please contact me at andrew@petecology.com or through this blog if you would be interested to learn more. I have listed some additional details about the product and the websites so you can see more. Thanks for your time and have a great day. Andrew Lermsider Perfect Litter “Alert” features a built in sickness indicator that can warn cat owners when their cat might be sick with FLUTD by turning pink in color. Perfect Litter is made of earth friendly minerals so it does not contribute to the over 8 billion pounds of clay based cat litter that damages our landfills each year. Perfect Litter does not contain many of the harmful chemicals found in normal clay litter like silicon and sodium bentonite which we are now being looked at as possible health risks for pets and humans. In addition, this product is ultra light weight which allows us to ship it to cat owner’s homes for a convenient delivery service. It even clumps, is flushable, destroys odors and lasts longer. www.perfectlitter.com and www.petecology.com
"On December 10, 2007 we received a subpoena from the Securities and Exchange Commission to provide information and potential testimony regarding an entity named Axium Technologies, Inc. a company that is unknown to Pet Ecology Brands Inc. or its management. The SEC has requested any documentation and correspondence the Company has with the entity noted as well as an additional sixty four organizations and individuals that were listed in the subpoena, seven of which are known to Pet Ecology Brands Inc. and include the following:
· Our former investor relations firm and its president.
· A former board member of Pet Ecology Brands Inc.
· An investor in Pet Ecology Brands Inc. and corporate entities associated with that investor.
Counsel has been in contact with the SEC attorney responsible for this inquiry. Further we are complying with the SEC’s request and are in the process of assembling the information being requested."
NOTE: The first "connection" I see is that Axium Technologies(AXGI) is one of the featured companies of Gerald Kieft's Wall Street Resources website along with Pet Ecology and a handful of others. Several of the others were involved with Tbeck but I don't see any proof of that with Axium. I do notice that DOUBLOON has contributed to the AXGI board.
Any thoughts?
Going Concern
In their report in connection with our 2006 financial statements, our auditors included an explanatory paragraph stating that there is substantial doubt about our ability to continue as a going concern. We have incurred a net loss of $6,510,770 , and a negative cash flow from operations of $2,053,486 for the year ended December 31, 2006, and at December 31, 2006 we had a working capital deficiency of $2,108,556 and a shareholders’ deficiency of $14,127,367.
The Company incurred a net loss of $1,439,656 (unaudited) and a negative cash flow from operations of $1,299,758 (unaudited) for the nine months ended September 30, 2007, and had a working capital deficiency of $1,281,466 (unaudited) and a shareholders’ deficiency of $15,567,023 (unaudited) at September 30, 2007.
The Company recently completed the transactions contemplated by the Tricon SPA and the Tricon License Agreement. Such transactions had numerous benefits to us including increasing our cash and improving our liquidity.
There can be no assurance that our current cash position will be sufficient to sustain operations. The financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Our continuation as a going concern is dependent on the Company’s ability to raise additional funds sufficient to meet its obligations on a timely basis, to comply with the terms of its financing agreements and ultimately to attain profitable operations.
(From Page 66 of SB-2)
SB-2 Filed, as of today, according to pinksheets.com.
Sounds like just more PR bullshit. Nothing of substance in a long time. Emails to Bob Saluzzo regarding the audited financials are short. "Soon." When I mentioned a shareholders letter, he says," We're working on it." Short, but no commitment whatsoever.
Any comments from anyone ??
Gary
News
Pet Ecology Names Mark Ford Sales Manager
DALLAS, TX -- (MARKET WIRE) -- 01/15/08 -- Pet Ecology Brands, Inc. (PINKSHEETS: PECD) announced today the hiring of Mr. Mark Ford, former North American Sales Manager for M&M Mars Pet Division, as Sales Manager. Mark will manage all sales efforts for the "Perfect Cat Litter" brand, currently on television, and manage the Fat Free Doggie Treat business in retail accounts.
Ralph J. Steckel, CEO/President, stated, "This is the missing link in our infra-structure to build our business in the Retail segment. Our Television and Internet 'Home Delivery Program' is progressing very well and is growing beyond our expectations. These two business models work in tandem to open opportunities on all sales levels for the 'Perfect Cat Litter' brand, as well as our 'Fat Free Doggie Treat' business. We are pleased to have Mark to focus on these already successful initiatives." Steckel added, "We expect 2008 to be a milestone year for our products and want to report our progress in a fully transparent venue."
Pet Ecology Brands, Inc. develops and manufactures technologically advanced pet products that address environmental concerns and meet the lifestyle of today's pet marketplace. The company's Perfect Litter is a revolutionary patented cat litter that destroys urine odor, clumps, and is earth-friendly, while its K-9 Fat Free Dog Treats(TM) are the first fat free treats that meet the standards of the U.S. Department of Agriculture, and offer dog owners an effective means to provide their pets with a non-fat tasty treat
I have read quite about him prior to your posting. I believe that his association with Pet Ecology is long over, at least three years, I believe. I don't see his name anywhere, though he may well be holding a private position.
More info on Engin Yesil
The plot to connect the Kerry/Edwards campaign with al Qaeda
The plot to connect the Kerry/Edwards campaign to al Qaeda centered around a wealthy businessman of Turkish origin by the name of Engin Yesil. Yesil owned a company called Radiant Telecom, which specialized in prepaid calling cards and state-of-the-art money transfer technologies. Both of these functions, though generally used for legitimate purposes, were also ideal for the operations of al Qaeda, since they enabled them to place anonymous phone calls and conduct anonymous money transfers. In fact, Mohammed Atta’s suicide cells had used Radiant calling cards on numerous occasions prior to the September 11th attacks against the U.S. Consequently, Yesil was under investigation by the CIA and other federal agencies, although he did not know that.
Pet Ecology Direct leader has interesting past!
Grinding Into Dust
By ANTHONY LEWIS
Published: March 17, 1997
If you have tears, prepare to shed them. Not so much for the subject of the story that follows as for the humane tradition in our law, which is being sapped by Congress and the Attorney General.
Engin Yesil is a native of Turkey who came to the United States as a student in 1979. He married an American and in 1988 was granted lawful permanent residence. He lives in New York and has run a contact lens business.
In 1990 Mr. Yesil pleaded guilty to aiding the distribution of cocaine and was sentenced to six years in prison. After being sentenced -- not as part of a plea bargain -- he infiltrated a drug organization and, Federal authorities said, helped bring about ''many arrests and multi-kilogram drug confiscations.'' The U.S. Attorney in charge of his case praised his ''significant cooperation,'' and a judge said he had acted ''at great risk to his life.''
The drug conviction made Mr. Yesil subject to deportation. He asked for a waiver under a provision of law allowing the Attorney General to show mercy when there are ameliorating circumstances.
The Immigration and Naturalization Service found that he was ineligible for a waiver because, under technical rules of counting, he had not been a permanent resident long enough. The decision conflicted with a long-established interpretation of the law by the U.S. Court of Appeals for the Second Circuit, covering New York, so Mr. Yesil's lawyers petitioned for review there.
But in the anti-terrorism law enacted last year, and again in its immigration law, Congress provided that orders of deportation against people like Mr. Yesil, whether legally right or wrong, ''shall not be subject to review by any court.'' The Second Circuit dismissed his petition.
Mr. Yesil's lawyers then sought habeas corpus in Federal District Court in New York. Habeas corpus is an ancient writ that tests the lawfulness of anyone's detention. The Constitution gives it special status, saying that the writ ''shall not be suspended unless when in cases of rebellion or invasion the public safety may require it.'' But the Justice Department argued that Congress had, lawfully, barred its use in these deportation cases.
Last month Federal District Judge Denny Chin held that Mr. Yesil could test the legality of the I.N.S. decision by habeas corpus. He found that under the established law of the Second Circuit Mr. Yesil was eligible to apply for waiver of deportation. In his opinion, Judge Chin remarked on the ''inexplicable fervor'' with which the Justice Department had tried to deny Mr. Yesil ''any opportunity for judicial review.''
Happy ending? No. For the Government is now trying to invoke against Mr. Yesil provisions of the new anti-terrorism and immigration laws that wipe out the whole idea of waiver -- of mercy -- for those under orders of deportation.
That raises another question: Do the new laws apply retroactively, to people who were in the process of qualifying for waivers of deportation when Congress passed the new law? The Board of Immigration Appeals decided last year that they do not.
But Attorney General Janet Reno, in a rare action, overruled that decision. In an opinion issued last month, she ruled that the new bar to waiver of deportation must be applied to all previously pending cases.
The usual principle in American law is that people's rights are not wiped out retroactively unless Congress says to do so, which it did not say here. Attorney General Reno was unmoved by that principle, or for that matter by the human facts. One finds in her opinion no hint of understanding that what is at stake in taking a man from his family and home is, as Justice Brandeis said, ''all that makes life worth living.''
The new immigration provisions, extraordinary in their harshness, were pushed through Congress by people who do not like immigrants and want to punish them. But why is Janet Reno so relentless? My guess is that she wants to look tough these days -- but does not know the difference between being tough and being mean.
If charting means anything we should see a big pop in late February/early March. Take a look back three years. A definate pattern.
Happy New Year to those still with this stock. FWIW, 2007 was supposed to be a building year. So lets see if our luck will hold out in the coming month/year.
Gary
Yes. What worries me is that all we are getting from PEB is more of the non substance PR of times past. They learned their lesson as far as phony numbers on revenue that drove this stock to .80 with Ron Williams assistance. But so far I see nothing positive about the Tricon/Atlantic deal relating to a benefit to shareholders. A $ 590.00 gross profit for the whole quarter? Losses escalating? Going concern? Needing additional capital? Bob Saluzzo had no reply. That bothers me. And Gerald Kieft, likewise. I could be wrong, but I think that the 250K restricted shares I bought from Mike Ritger last June, may not have been a smart move. His father was holding about 5 mil and was not happy with the 1:12 split.
Now that the restriction is lifted (Dec.21) we may start seeing some liquidation take place. Friday may have been the start. All I get when talking to Bob is they are "getting closer" to the audited financials. Been hearing that over a year now. For the time being, it's a cat and mouse game. And we are the mice.
Gary
Both the deal and the national TV advertising campaign have launched after 3Q. Sorry for my inattention.
p.s. Gerald at WSR shrugged... You mean Gerald Kieft from Wall Street Resources?
Gerald at WSR shrugged the filing off, stating that they were for the 3rd quarter, before the deal kicked off. I don't buy that, because the sale of the stock is shown on the financials.
You can even see the increase in shares due to the peanuts they got from Tricon/Atlantic. Basically, they bought controlling interest for pocket change. Not sure why we got some shares moved today, I sold 10K at 2.40.
3491551106 Sell 10000 PECD Limit at 2.40, EOW Partially Filled:Filled Auto Routing
3491551106-P1 Sell 10000 PECD Limit at 2.40, EOW Partially Filled 1500 at 2.40 Auto Routing 2007-12-28 11:48:04
3491551106-P2 Sell 10000 PECD Limit at 2.40, EOW Partially Filled 4000 at 2.40 Auto Routing 2007-12-28 11:43:10
3491551106-P3 Sell 10000 PECD Limit at 2.40, EOW Partially Filled 2000 at 2.40 Auto Routing 2007-12-28 11:37:02
3491551106-P4 Sell 10000 PECD Limit at 2.40, EOW Partially Filled 2500 at 2.40 Auto Routing 2007-12-28 11:35:57
Got plenty left, needed some yearend money. These had a basis of .15 presplit, picked up $ 6 grand. Really should have grabbed the cash when we were at 3.50+. No big deal. Play em as ye see em.
gary
Frankly speaking, I still dont know how the Q3 report should be interpreted in context of the raising PPS. Maybe reduced net loss on YOY basis??? Thanks.
M.
Sure didn't take long to burn that cash infusion. Check out the G & A. Gone in no time. That "going concern" language has not been used before. So far, I fail to see any benefit from the Tricon/Atlantic buy out. Anyone want to share their take on this?
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