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More Info. on the Tax Judgement A-504-15 - Robertson v CRA
More information posted on the Tax Judgement A-504-15 on Ragingbull Web site. It appears to be a miss understanding of all the laws in Canada and BC.
http://ragingbull.com/forum/topic/1051818
Here is the link to the tax appeal information:
http://decision.tcc-cci.gc.ca/tcc-cci/decisions/en/item/120655/index.do
John Robertson Legal Issues posted on Raging Bull.
Someone is posting tax appeal and small claims legal information on the Raging Bull RGUS message board.
http://ragingbull.com/forum/topic/1051818
http://ragingbull.com/forum/topic/1051823
So, your wondering what the issue is with a director representing a Hells Angels member in a civil action. It's all about optics. US Federal organizations don't do business with companies that have connections to organize crime. Sure, the Hells Angels member is entitled to legal representation but the opposition leaders would have a field day with tax payer dollars funding a company with these connections.
It appears the board of directors for both Reg Technologies and REGI US is populated with some people with extra-curricular business dealings.
Directors’ Extra-curricular Activities
Director Suzan El-Khabit
++++++++++++++++++++++++
Director in Reg Technologies, Linux Gold and Teryl Resources.
Lawyer at a BC firm Wiebe Douvelos Wittmann LLP.
She is representing a Hells Angels patched member (plaintiff), and former Kelowna B.C. Chapter President, in a defamation law suit against a internet blogger.
News release “Hells Angel biker sues Surrey blogger for defamation: ‘First and foremost, I am a family man’” contains a “Notice of Civil Claim” (Legal File No. S-154411) filed by the Hells Angels lawyer Suzan El-KHabit. (National Post June 2, 2015, Keith Fraser of Postmedia News)
http://news.nationalpost.com/news/canada/hells-angel-sues-surrey-blogger-for-defamation-first-and-foremost-i-am-a-family-man
Director James Vandeberg
++++++++++++++++++++++++
Director in REGI U.S. Inc.; CFO in Reg Technologies.
No known practice or LLP affiliations.
James Vandeberg’s close scrape with the Legacy Oil and Gas pump and dump involving stock juicer (promoter) firms documented below:
http://web.kitsapsun.com/archive/2004/03-07/419049_znetix_lawyers_settle_lawsuit.html
http://seekingalpha.com/article/309174-legend-oil-managements-shady-past-suggeststrouble-ahead-part-1
http://seekingalpha.com/article/309245-legend-oil-managements-shady-past-suggeststrouble-ahead-part-2
http://seekingalpha.com/article/310681-legend-oil-greedy-insiders-are-the-only-onespositioned-to-benefit-from-this-overvalued-overhyped-oil-stock
I think the point your trying to make is the amount money left over after paying the principal (loan) to the mortgage company. I'm not sure how much money will be left over to complete the engine. The killer for this company is the high indirect costs, one blah blah and no dedicated blah blah.
The $1.2M investment from the Chinese investor Shaojun lasted 1.5 years. It should be noted that 45% of the Chinese funding disappeared in the first 4 months - as per the June/14 interim financial filing. A large portion went to pay outstanding loans, IOUs. I suggest you look at the financial statements for 2014 and 2015.
During 2014, the indirect costs were low because the rent, utilities consulting and director fees were being charged against the Teryl treasury. "The most recent 2 year cash flow drain from Teryl Resources in the servicing of the dental “insurance” plan by SMR Investments and KLR Petroleum." I didn't know a dental insurance plan, managed by a carrier or insurance company, needed to be serviced on a quarterly basis by two firms. I suggest you look at the consulting fees and director fees in the Teryl financial statements on Sedar. I find it very repugnant.
Except for a one time royalty cheque, Teryl generates zero revenues to date. There is cease trade order on Teryl for failure to file financial statements. This makes 3 or 4 companies with cease trade orders - Teryl, Minewest and Linux Gold. IAS Energy is having SEC issues.
https://www.sec.gov/litigation/admin/2013/34-68750.pdf
The carnage is piling up
Anyways, the Chinese money ran out around the end of August/15 - give or take a month. Between September and now, I suspect funding is coming from selling shares into the market and loaning the money back to the two engineering firms. But the well is drying up
Both Web sites are back online.
I still see the same "smoke and mirrors" information on the Web site.
Robertson Vancouver House Sold for $1.98M on 1/31/2016
The residential dwelling at 4040 Amundsen Place in Richmond BC sold for $1.98M. The MLS listing number is R2027472. I wonder what will happen to the proceeds from the sale. Will it be used to issue the odd 4.7M Minewest Silver and Gold Inc. shares owed to long term Reg Technologies share holders since Feb 11, 2011? Will the money be used to continue the engine development? Is the money being off-shored in Cayman accounts? Maybe it's to pay for legal fees?
I wonder if the vacation home in San Diego has sold. I would certainly like to know about that asset. Feel free to send any information to my yahoo account.
Director Contact Information
Apparently the regtech.com and regiinc.com Web sites are down. It is very disappointing that the contact information for company is not made available to "20 years" long term investors in RRE and RGUS. As a courtesy to long term Reg investors, here is the contact information for some of Reg Technologies directors. All this information is in the public domain.
John Robertson
++++++++++++
http://web.tmxmoney.com/company.php?qm_symbol=RRE
11780 Hammersmith Way, Suite 240
Richmond, BC, CAN
V7A 5E9
1-604-278-5996
Jina Liu
++++++++++++
http://ccfoe.org/contact_us.php
7880 Woodbine Avenue, Unit C
Markham, Ontario
L3R 4S1
647-797-2480
416-800-3989
Suzan El-Khatib
++++++++++++
http://www.wdwlaw.ca/Lawyers/Suzan-El-khatib.html
Wiebe Douvelos Wittmann LLP
1380-885 West Georgia Street
Vancouver, BC
V6C 3E8
Phone: 604-685-6864
Fax: 604-685-7878
Email: sek@wdwlaw.ca Less
Steering Committee Formation - Call to Arms
My name is Lawrence Clooney. I'm the owner of the account regshareholders@yahoo.com. I've filed 14 complaints with the BC Securities Commission and the TSX Compliancy Group over the past 6 months. Ten of the 14 complaints have been filed with the SEC. I've had dialogue with TSX Services Group, the transfer agent for Minewest, regarding the issuance of the Minewest Silver & Gold Inc. shares.
In addition to the above activities, I've authored a detailed educational package on the escapades of the two engineeering firms. This educational package has been sent to 3 Canada and US federal organizations.
My goal is to form a steering committee with like minded investors to drive revolutionary change into the two engineering firms before the market opportunity for ICE technology gets replaced. Feel free to contact me at the above e-mail address.
Minewest info on Raging Bull
Someone is posting Minewest Silver and Gold Inc. IPO information on RGUS message board that resides on Raging Bull web site. Minewest is another JR governed company with a cease trade order.
Reaching out
It has come to my attention that a disgruntled (large) shareholder maybe pursuing a lawsuit against REGRF/RRE and RGUS. I would like to speak to this individual, or group of individuals, about some events and information that maybe valuable in a lawsuit. To those people reading this post, feel free to forward this post to those individuals that may have knowledge of this disgruntled (large) shareholder or group of shareholders that maybe considering legal action. I can be reached at regshareholders@yahoo.com.
They appear to be completely broke.
The chances of somebody coming along, and taking what they've built, off their hands is anybody's guess. Due to a lack of transparency with this company, the viability or value of what they may have is a complete mystery.
Hard to believe that after all this time and effort the project has resulted in something completely worthless, but that may be the case.
If anybody has any ideas or information about the current situation, and want to share it, please do.
Are they going to report anything ever again? Might already be gone and we just don't know. How do we find out if RGUS just gave up? Call the SEC?
When they got the funds, from the Chinese company, it looked as if they could complete the
prototype testing.
I agree, the message you describe sounds very bad.
After all these years, they may have finally run out of string.
Dead in the water! Arnie's message when you call customer relations now says to call back and talk to none other than John Robertson, the president of the company.
Not a good sign.
This means the entire company is now just one guy. John Robertson.
And he has a total $491.00 left to spend...
Shame they never got to spin test the thing...
I'v never been through this before. How long will an exchange allow RegTech to remain listed before removing them? Years?
I guess this will be 2016's tax write off
I have been in this thing almost from the beginning.
I did sell all my shares during the pump and dump in 2006.
Foolishly, I got back in some time later.
I am somewhat amazed they have managed to keep pushing forward with this thing.
Having said that, my concern is that the infusion of money,
they received about 18 months ago, is now essentially gone.
I don't know how much more "testing" they have to do before they attempt to do a combustion test, and come up with some
performance numbers. Until that happens, I don't know that they have any idea if the engine will actually work or is commercially
viable.
There never seems to be any end with this thing.
I don't know where additional money will come from.
you dont get deals like these unless it works...
im not here to guaranttee any wealth, whatsoever...
i just think, they got 'this' (engine) now...
http://www.regtech.com/News_Releases/?newsID=211&yr=2015
all the best ;)
REG TECHNOLOGIES INC. AND REGI U.S., INC. ANNOUNCE ADDITIONAL TESTING ON THE 375 HORSEPOWER ENGINE
For Immediate Release: November 10, 2015. Vancouver, BC – REGI U.S., Inc. (OTC BB: RGUS, Frankfurt Stock Exchange: RGJ) and Reg Technologies Inc. (TSX Venture Exchange: RRE.V, OTC BB: REGRF) are pleased to announce that additional testing on the 375 horsepower diesel engine will be completed in Spokane, Washington. The U.S. customs paperwork was completed with Derringer Brokers to allow the engine to return to the U.S. The engine was transported to Spokane Washington and is being prepared for spin testing at various RPMs with full lubrication and cooling in preparation for combustion testing.
when the markets ready ;)
right bobby-js...
maybe some dont know, this is actually two companies
that will 'split' territory.... per their contracts...
a rotary engine...hmmmm
technology begs to innovate!!!!!!!
you never know what money might come......
one of the best prices ive seen, and i had shares long ago
sure we have a glut of fuel around the world now,
but when the pendelum slings the othe rway again
there will be a reckoning
great if you have money for nothing, a huge opportunity
if the world was perfect!!!!!!
both symbols, the us symbol and canada....
and dont forget thet have pumps, other products!!!!!!!
...
it might be a dead dog for trading, but a pot of gold
for rainbow longs!!!!!!
all the best!
http://www.regtech.com/News_Releases/?newsID=213&yr=2015
Scott,
No, I don't have anything.
One would think they might have something to share soon,
a picture would be nice.
All I need is to get to 34 cents to BE. Come on baby SPIKE!!!
Yeah. ARNIE says a lot of stuff. The email about the test bench is my last info. You got something new???
Scott,
I appreciate the post.
Could you be a bit more specific.
A week or two for what, exactly ???
Nice update from John Robertson. Kind of weird that it came from him and not investor relations. Maybe he is the only one left...
Hello? Bueller...Bueller.........Bueller...........................
Waking up? I know they are getting ready to test the engine in early July. Let me translate that for you... Add about 18 months to the above statement and that should be about right. See you all in 2018!
There was some more detailed information posted on the Yahoo
Message Board this morning.
FWIW, it appears things are moving forward.
Good progress report today. Expecting better news soon - new customer perhaps?
I don't think the comment about the piston engine is realistic.
However, if the engine, finally, does actually run at some point,
there will be significant share price appreciation from it's current, almost worthless, state.
One would think an update might be coming soon.
However, the history of this company is so poor, it's hard to be positive about them announcing anything meaningful.
I would love to be shocked.
Looking for news this week re: progress on prototype. It's been 2 and a half years but the China investment will cover the prototype costs now so perhaps they will complete it.
If it works it will replace most piston engines and more. See regtech.com for the prototype photos from recent history.
bobby-is
Thanks for posting the recent link.
The various message boards have been very quite for quite
some time.
I'm glad to see you're still around.
Maybe some day, before we all pass away, we will actually have something to be happy about.
Coming up a little from under the Radar.
http://virtualmoneyhoney.tumblr.com/post/114420925122/radmax-rotary-engine-twice-the-power-with-half-the
They have been YEARS just testing the seals???
Really, I just check back in every once in a while for some comic relief.
If you do some homework you will find that he had been working on this for almost 25 YEARS.
No sh;t, 25 years. It only took the U.S. 5 years to invent the A-Bomb!
Do I sound bitter? You bet. JR is clueless as well as the fact that he is not young. If it ever does work it won't matter to him cause he'll be dead.
I've followed this stock periodically for years now and several times I thought to myself; paralysis by analysis - this guy is a dead dog... then you get this kind of news. Obviously, someone believe this going to work and that someone wants to buy it. Where did this new release come from; their site? I've seen updates there before and no where else. Does their engine fit into world of electric cars or is this strictly designed for industrial use? Still kind of intrigues over the idea - Cheers
March 3, 2015
REG TECHNOLOGIES INC. / REGI U.S., INC. ANNOUNCE SUCCESSFUL DIESEL ENGINE TESTS COMPLETED
For Immediate Release: March 3, 2015. Vancouver, BC – REGI U.S., Inc. (OTC BB: RGUS, Frankfurt Stock Exchange: RGJ) and Reg Technologies Inc. (TSX Venture Exchange: RRE.V, OTC BB: REGRF) are pleased to report that based on recent successful testing of the new oil cooler design by Paul Porter, the Company's Chief Engineer, that it has issued a purchase order to EBCO Industries for 22 additional oil coolers. This will allow up to 375 hp rotary diesel prototype to be populated in all 24 slots.
Paul Porter Reports:
The new oil cooler design was tested in order to verify the new design. The first test results indicated that the vane seals were not being torn during installation and the leakage rate appears to be minimal.
The new installation tool works perfectly and allows for the insertion and removal of the vanes as many times as are needed with no detrimental effects on the vane seal.
The seals on the oil cooler performed as desired with no damage observed during the installation and removal of the oil cooler.
The seals appear to be working properly and create a sealed combustion chamber as needed for the engine.
Additional tests to commence on diesel engine working model:
Additional static and dynamic testing will be performed in the test fixture to determine the best configuration of all seals. This will also give indication of the expected life of the seals.
Additional oil coolers are being manufactured to allow the prototype to be populated in all 24 combustion chambers.
Development of facility requirements to begin dynamometer testing of the prototype.
This thing is Sooooooooooo over.
Is JR even doing anything with this still?
How F/:$&@g long can you take to test seals? IT's BEEN YEARS JUST TESTING THE F'ing SEALS!!!!
Chinese who invested in this got sold a steaming pile of Sh! T!!!
140k in volume. The most in years and we lost 30 percent... Looks like the jig is finally up.
Most likely the engine blew up when they tried to start it.
Chinese probably put a hit out on Robertson.
I saw that, seems ridiculous.
Who in the hell buys 235 shares of a 16 cent stock. That's $37.60 of RGUS.
Who does that???
For what it is worth.
May 2, 2014
REG TECHNOLOGIES INC. CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
For Immediate Release: May 2, 2014. Vancouver, BC – Reg Technologies Inc. (TSX Venture Exchange: RRE.V, OTC BB: REGRF) ("Reg") is pleased to announce that it has closed the second and final tranche of a non-brokered private placement of up to 9,900,000 units (the "Units") to raise up to $1,188,000 as described in its December 30, 2013 news release. 7,700,000 Units were issued in the second tranche closed on May 1, 2014 at $0.12 per Unit for gross proceeds of $924,000, with each Unit comprised of one common share and one share purchase warrant. Each one warrant shall entitle the holder thereof to acquire one additional common share of Reg, from treasury, at an exercise price of $0.15 per share for a period of three years from the date the Units are issued.
All securities issued in the second tranche are subject to a hold period expiring on September 2, 2014 in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws.
The subscriber of the units is China Zhongling Hangke New Energy Group Limited ("Zhongling"). Zhongling and its affiliates (the "Zhongling Group") is an organization engaged in research and development of new energy solutions. On closing of the second tranche of the private placement, Mr. James Vendeberg resigned from the Reg board to allow the appointment of Mr. Zhang Shaojun, President and Chairman of Zhongling, to the board. Mr. Zhang has been the Chairman of Zhongling Group since February 2012. Prior thereto, Mr. Zhang was the CEO of the Natural Brand Strategy Network, based in Beijing, China, from January 2007. From January 2003 to January 2007, Mr. Zhang was the President of Jun Xin Mining Group based in Guangxi, China. Mr. Jina Liu, who was appointed to the Reg board of directors on March 27, 2014, joined the Reg audit committee on May 1, 2014 to replace Mr. James Foley who resigned on March 27, 2014.
Net proceeds from the second tranche of the private placement will be used for fabrication and testing of the RadMax™ demonstration model, current obligations, accounts payable, including intercompany payables and general working capital purposes.
"We are very pleased with the investment by Zhongling Group," said John Robertson, President and CEO of Reg. "We hope Reg and Zhongling group can build a long term relationship which is mutually beneficial in our efforts to develop technologies to advance the electronic car market."