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See my comments on this stock from years ago..
Nailed this one early on
Guess so. They really do take forever.
Nearly 4 years since the SEC suspended PSON. Better late than never, I suppose.
SEC Charges Canadian Individual in Fraudulent Microcap Scheme
https://www.sec.gov/litigation/litreleases/2022/lr25411.htm
https://www.sec.gov/litigation/complaints/2022/comp25411.pdf
PSON registration revoked:
https://www.sec.gov/litigation/opinions/2019/34-86734.pdf
PSON SEC Suspension for severely delinquent Financials/Filings:
https://www.sec.gov/litigation/suspensions/2018/34-84241.pdf
Order:
https://www.sec.gov/litigation/suspensions/2018/34-84241-o.pdf
Admin. Proceeding:
https://www.sec.gov/litigation/admin/2018/34-84240.pdf
big push again for clean energy 2016 !!!! ka boom!
I LOVE IT!!!! ROCK AND ROLL B@TCH!!!!!!!!!!!!!!!!!!
hOUSTON STAND BY FOR COUNT DOWN!!!!!!!!!!!!!!!!!!!!!!!
here we go!!!!! loading up big time!!!! ALERT!!!!!!!
Sincere Question to the Board; WHAT "IF" The TECHNOLOGY Petrosonic Claim to have is REAL!! PRODUCING 1000 Barrels a DAY ?? WHAT Would THAT MEAN For The Company ??
1000 Barrel a day UPGRADE Technology ??
* I Have a Follow up question
Sincerely,
Levs
after tall this time, the process never worked:
PSON files 2014 Q3 10Q:
http://www.sec.gov/Archives/edgar/data/1451654/000149315214003658/form10q.htm
Revenues = 0
and it appears that, after tall this time, the process never worked:
Discussions with Sonoro Energy Ltd.
On July 27, 2012, pursuant to the terms of an Asset Purchase and Sale Agreement we acquired certain assets from Sonoro Energy Ltd., including technology relating to the treatment and upgrading of heavy oil by sonicated solvent de-asphalting, two sonic reactors and a solvent recovery system. Upon extensive testing of the Sonoro assets after the closing date, we determined that additional development was required to bring the purchased assets to the specifications that we were promised by Sonoro. We corrected the failures of the purchased assets and we are currently in discussions with Sonoro to mutually resolve our differences. If we are unable to resolve our differences amicably, we will consider pursuing our legal and equitable remedies.
$PSON DD Notes ~ http://www.ddnotesmaker.com/PSON
bullish
$PSON recent news/filings
## source: finance.yahoo.com
Fri, 22 Aug 2014 17:04:20 GMT ~ PETROSONIC ENERGY, INC. Financials
read full: http://finance.yahoo.com/q/is?s=pson
*********************************************************
Tue, 19 Aug 2014 10:02:33 GMT ~ PETROSONIC ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhi
read full: http://biz.yahoo.com/e/140819/pson8-k.html
*********************************************************
Wed, 13 Aug 2014 19:29:54 GMT ~ PETROSONIC ENERGY, INC. Files SEC form 10-Q, Quarterly Report
read full: http://biz.yahoo.com/e/140813/pson10-q.html
*********************************************************
Thu, 24 Jul 2014 13:55:00 GMT ~ Petrosonic Energy, Inc. Invents and Files Patent on a New Breakthrough Solution, Sono Hi-P
[Accesswire] - CALGARY, AB , Canada / ACCESSWIRE / July 24, 2014 / Petrosonic Energy, Inc. (OTCQB: PSON), an emerging leader in heavy oil upgrading and related technologies, would like to announce it has developed a ...
read full: http://finance.yahoo.com/news/petrosonic-energy-inc-invents-files-135500300.html
*********************************************************
Wed, 18 Jun 2014 18:30:30 GMT ~ PETROSONIC ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhi
read full: http://biz.yahoo.com/e/140618/pson8-k.html
*********************************************************
$PSON charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$PSON company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/PSON/company-info
Ticker: $PSON
OTC Market Place: OTCQB
CIK code: 0001451654
Company name: Petrosonic Energy, Inc.
Company website: http://www.petrosonic.net
Incorporated In: NV, USA
Business Description:
$PSON share structure
## source: otcmarkets.com
Market Value: $17,358,739 a/o Sep 26, 2014
Shares Outstanding: 80,738,321 a/o Aug 12, 2014
Float: Not Available
Authorized Shares: 843,750,000 a/o May 16, 2012
Par Value: 0.001
$PSON extra dd links
Company name: Petrosonic Energy, Inc.
Company website: http://www.petrosonic.net
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/PSON/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/PSON/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=PSON+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=PSON+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=PSON+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/PSON/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/PSON/news - http://finance.yahoo.com/q/h?s=PSON+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/PSON/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/PSON/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/PSON/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/PSON/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/PSON/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/PSON/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/PSON/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/PSON/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=PSON+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/PSON
DTCC (dtcc.com): http://search2.dtcc.com/?q=Petrosonic+Energy%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Petrosonic+Energy%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Petrosonic+Energy%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.petrosonic.net
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.petrosonic.net#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.petrosonic.net
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/PSON/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/PSON
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/PSON/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/PSON/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/PSON/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001451654&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/PSON/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/PSON/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/PSON/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/PSON/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=PSON&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=PSON
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/PSON/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=PSON+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=PSON+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=PSON
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=PSON
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=PSON+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/PSON/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=PSON+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/PSON.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=PSON
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/PSON/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/PSON/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/PSON/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/PSON/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/PSON
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/PSON
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/PSON:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=PSON
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=PSON
$PSON DD Notes ~ http://www.ddnotesmaker.com/PSON
At least it's in the U.S. where we can get a company tour.
Scam company files 2nd quarter 10Q:
http://www.sec.gov/Archives/edgar/data/1451654/000149315214002495/form10q.htm
Revenues = 0 again
Net Loss = $0.552 million
Wyoming?...what?
what happened to Albania?
http://ih.advfn.com/p.php?pid=nmona&article=63302349&symbol=PSON
starting the scam all over but this time in Wyoming?
ha!
good one
Yes sir, Tobin Smith is a lot like Mike Statler. PSON and PGFY are similar in that they both have been pumped by pros. IMO, stay away from both.
There are real CEOs with solid credentials and education with real corporations generating profits off of revenue in the hundreds of millions per year that do not rip off shareholders to that extent.
This is a mere stock selling scheme as I have reported in the past.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92796883
PSON files 2013 10K:
$0 Revenues
$2.6 million Net Loss
http://www.sec.gov/Archives/edgar/data/1451654/000149315214001096/form10k.htm
and this is the clincher, after 2 years of this nonsense, it turns out that it is not clear that the process can be commercialized. They are still in the lab simulation stage:
We completed the section of the Albanian facility dedicated to the sonication process during the first quarter of 2014. We expect to begin generating revenues during 2014 from utilizing the sonication technology. In September 2013 the engineering firm, Gas Liquids Engineering of Calgary, completed sonication tests in its Richmond, British Columbia facility. The results have been sent to a third party lab, Maxxam, located in Calgary, for separation and solvent recovery lab simulation. The results will be used to finalize the engineering and estimates of the asphaltene separation and solvent recovery equipment.
Of course I didn't. I knew a completely different person 30,years ago. Did you know Toby has an identical twin brother named Brian? He isn't in the financial business arena. What do you recommend I do with my shares, sell for an $8k loss now, or hold out for a possible comeback?
You do understand that Tobin Smith is widely known as one of the sleaziest promoters around, don't you?
I admit I was blinded by my admiration of my old friends success. I always said when I got my hands on a little money I would jump on one of Toby's recommendations. Guess I picked the wrong one. I tried contacting some of our old mutual friends to see if they knew how to contact him, but they had lost touch with him after he became successful. Should I take my $8k loss, or should I hold on to it hoping they don't go belly up?
So........
was there any reason why you didn't research how bad all of Tobin Smith's promoted stocks have done in the past?
I feel like a fool. I bought $10k of PSON at .95c last year, right after I saw Tobin Smiths pitch. I knew Toby personally back in 1983/84 when we were kids in Orange County, Calif before he was successful. I came into a little money and had always wanted to invest in one of his recommendations. Now it's almost a year later, and the stock is now at .17c...should I hold or dump it now? I'm not an investor, just someone who believed my old friend and took a chance.
Price dropped after the whole Tobin Smith mess. This just may be the bottom. IMO of this holds here for a few weeks we could see a climb back over $1.
PPS is moving up...
Can anybody find some info to support this current trend?
I have been searching with no luck.
So slammed in Canada, but free to scam in the US?
Scam company PSON files 10Q for the Sept 30, 2013 Quarter
http://www.sec.gov/Archives/edgar/data/1451654/000149315213002411/form10-q.htm
Zero Revenues for the quarter
Net Loss of $682,276
Then there is this:
On April 3, 2013 the Alberta Securities Commission issued a cease trade order against us because we failed to file an annual information form (“AIF”) for the year ended December 31, 2012. We filed the AIF on May 3, 2013. Thereafter, we made an application to the Alberta Securities Commission to revoke the cease trade order. The Alberta Securities Commission advised that they would not be in a position to revoke the cease trade order on the basis that we are the subject of an ongoing investigation by the Enforcement Department of the Alberta Securities Commission. The investigation concerns trading and promotional activity related to our securities. The cease trade order requires that trading or purchasing cease in respect of any of our securities until the order has been revoked or varied. We are cooperating with the Alberta Securities Commission in the investigation. If the cease trade order is not revoked by the time we need to raise additional capital, we may be unable to engage in sales of our securities to raise money. In that case, unless we are able to find other methods of financing such as, for example, finding a partner with the financial means to pay for some or all of the construction, we may not have the resources to complete the facility in Albania.
Has been Proven to Process a quarter cup; Where can I find the Patent ??
In answer to your question; it would be worth billions.
So far, the "technology" has been proven to process 1/4 cup of crude oil in a batch process
that is it
good luck coming up with a process that produces much more than that on a continuous basis
as an example, it would take 316 million 1/4 cups of oil to equal 100,000 barrels of oil
You would have to increase the sample size of the patented process by 316 million times in order to come up with a process that works continuously with 100,000 bbl/day
Let me ask a hyperthetical; What If this Company; or any other, had the Technology that Produce 100,000 Barrels a Day with the Technology Petrosonic claims to have ?; What do you think the company would be worth ?
* I don't believe this company has the technology; but if this technology did exist what would it be worth and why ?
You know I've been out since $1.20
Made good money off of this trade. You convinced me a long time ago.
PSON has traded today at .225, a 52 week low
how is it working out for you?
..and you and I both know from having performed real and proper DD that PSON eventually will have it's shareholders wallowing in the tripz's range soon enough... doesn't take too much effort to discover the POS's like PSON and so many others... all anybody really needs to do is figure out how to READ Filings!!! LOL!!
This company really isnt even a value at triple zeros.
JMO
Nice DD.. way to be!! PSON.. looks like stands for Pi$$ on Retail Shareholders IMO!!
RS likely... as peeps behind POS have already RS'd their other POS!!
1:2000 RS... expect Rapid RS 1:5000!! Go PSON GO!!! LMAO!!
Go to their website, it might have info for you there. Yes they have patents, but apparently no money.
here you go:
http://www.sec.gov/Archives/edgar/data/1451654/000114420413052761/v355678_s1a.htm
the patent is for a quarter cup of crude oil, not for the 1,000 bbls/day that this scam company is claiming will be in production sometime in 2014 now.
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