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I think his 15 minutes are over
The big red C, Curshen dood is the C.
who is the big C?
Hmmm, what's the Big C's involvement with Industrial Biotech at the present time?
A stock bribery probe initiated by the Vancouver police Financial Crimes Unit has expanded to Costa Rica.
On Oct. 29, Costa Rican police, accompanied by FBI agents, raided the offices of Red Sea Management and an affiliated company, Sentry Global, in connection with its on-going investigation of one-time Vancouver resident Jonathan Curshen.
As previously noted in this column, Curshen was arrested in New York on Sept. 4 after the U.S. Justice Department filed a complaint alleging that Curshen and an associate, Bruce Grossman, conspired to defraud investors.
The complaint alleged the two men paid secret cash kickbacks to a New York undercover officer posing as a middleman who was willing to recruit corrupt stockbrokers to recommend their clients buy shares of Industrial Biotechnology Corp., listed on the OTC Bulletin Board
The interesting aspect of this case, from a Vancouver point of view, is that the probe started in the summer of 2007 when Vancouver police launched a sting operation targeting Vancouver promoter and certified management accountant Aarif Jamani.
Vancouver police later brought in the RCMP Integrated Market Enforcement Team in Vancouver, who subsequently enlisted the help of the FBI.
According an affidavit sworn by Vancouver police Det. Const. Ann Fontaine, a Vancouver police undercover officer, posing as a drug trafficker who wanted to move into the stock market, contacted Jamani. After meeting Jamani, the Vancouver undercover officer introduced him to the FBI agent in New York, who was posing as a broker with a roster of wealthy clients.
Jamani then arranged for the "broker" to buy shares of Novori Inc., a Surrey-based junior whose shares trade on the bulletin board, in three separate transactions. The shares were sold out of Jamani-related accounts at Global Securities. The accounts were administered by Global broker and certified general accountant Scott Lower.
According to the affidavit -- which was sworn to obtain trading records from Global Securities -- Jamani, Lower and another Vancouver promoter, Bob Vukovich, paid secret commissions to the New York "broker" for finding buyers for their stock. No charges have been laid against any of the three men.
I have now learned that it was Jamani who led Curshen into this police spider web. Jamani introduced Curshen to the Vancouver undercover police officer who, in turn, introduced Curshen to the FBI undercover officer in New York. Curshen subsequently met with the New York undercover officer in an FBI boat moored in New York Harbor in October 2007.
Curshen was arrested in New York on Sept. 4. Five days later, he posted a $1.2-million bond and was released from jail. He remains in the United States.
Jamani is still in Vancouver. In addition to being under police investigation, he is under formal investigation by the Certified Management Accountants of B.C.
Lower continued working with Global Securities until last week, when his registration as a broker was terminated. The Certified General Accountants Association of B.C. has issued a public advisory noting that he is under police investigation.
dbaines@vancouversun.com
© The Vancouver Sun 2008
Washington, D.C., Dec. 7, 2007
<duh!>
- The U.S. Securities and Exchange Commission announced today that it filed civil actions alleging securities fraud in five separate kickback schemes uncovered by an FBI sting operation conducted pursuant to a recent cooperation agreement between the FBI and the Commission.
The defendants are insiders or promoters of publicly traded companies who made stock sales to a hedge fund in exchange for illegal kickbacks to an individual whom they believed to be the hedge fund manager, but who was in reality an undercover FBI agent. In related criminal prosecutions, the United States Attorney's Office for the Southern District of Florida today announced the criminal indictments of 6 individuals involved in the schemes.
"This case illustrates the Commission's ability to work together with criminal authorities in creative ways to uncover fraudulent schemes and to protect our markets," said Linda Chatman Thomsen, Director of the SEC's Division of Enforcement.
David Nelson, Director of the Commission's Miami Regional Office, added, "The Commission will continue to target corrupt practices in the securities industry in South Florida, and provide resources where necessary to ensure that those who engage in illegal schemes will be found and prosecuted. Our office worked closely with the criminal authorities and provided information and technical assistance throughout the FBI sting operation in order to minimize harm to innocent investors."
The SEC charged a total of 10 individuals, who reside in South Florida, New York, California, and Nevada, with securities fraud: Vincent Cammarata, Rex A. Morden, Affinity Financial Group, Inc., William L. Haynes, Efrim Gjonbalaj, Real Asset Management LLC, Mark Foglia, Western Financial Services, Inc., Virgil G. Williams, and Sean P. Sheehan. According to the SEC's complaints, which were filed in the United States District Court for the Southern District of Florida, the five schemes involved sales of securities in publicly traded companies to a purported hedge fund. To make the sales, the defendants agreed to pay kickbacks to the individual managing the hedge fund. In fact, there was no hedge fund and the purported manager was an undercover FBI agent in the sting operation.
The Commission's complaints allege that, in each case, the undercover FBI agent purporting to be a hedge fund manager told the seller or promoter that the kickback had to be kept secret, because buying stock in exchange for kickbacks would violate his fiduciary obligations to the hedge fund. The FBI agent also told the seller or promoter that he had created a phony consulting company to which the kickback could be paid pursuant to a consulting agreement. The sellers or promoters were told that the consulting entity did not exist, that no actual consulting work would be performed, and that the phony consulting arrangement was simply a means to secretly funnel a kickback to the purported hedge fund manager. All of the defendants agreed to pay a kickback. With one exception, the defendants actually paid the promised kickback after the hedge fund bought the stock defendants were promoting. Every buy transaction had a material effect on the stock trading volume of the companies in question.
The complaints allege that all of the defendants violated the antifraud provisions of the federal securities laws, specifically, Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In addition to permanent injunctions, the Commission is seeking an order that defendants Cammarata and Haynes disgorge ill-gotten gains, with prejudgment interest, and an order imposing civil money penalties on all defendants. The Commission is also seeking an officer and director bar against Williams and penny stock bars against all the individual defendants.
Haynes was previously enjoined from further violations of the antifraud and registration provisions of the federal securities laws following his participation in a $7 million offering fraud. See SEC v. Global Asset Partners, Ltd., Case No. 01-8862-CIV-Middlebrooks (S.D. Fla.), LR-17173. In addition, Haynes was previously barred from associating with a broker-dealer based on the entry of the permanent injunction. See In the Matter of William L. Haynes, Exchange Act Release No. 34-45820 (April 25, 2002).
The Commission acknowledges the substantial assistance and cooperation of the United States Attorney's Office for the Southern District of Florida and the Federal Bureau of Investigation, West Palm Beach division, in investigating this matter. The Commission's investigation is ongoing.
# # #
Know your customer.
Brazen burks!! The hubris of these guys!!
I'm utterly amazed@ with all those connections and global a$$ets ___no-one ran the names *** UNBELIEVABLE!!
Ciao ciao rouge mer.
What are these guys? Brazen idiots? Did nobody think to contact the appropriate mookies to make sure that they weren't dealing with an FBI agent?
Did they not verify their informants? Did they not check these people out.
Oh well, all another day industrializing biotech. See them in two years after they have a lesson in how not to get caught.
United States Attorney
Southern District of New York
FOR IMMEDIATE RELEASE
OCTOBER 23, 2008
CONTACT: U.S. ATTORNEY'S OFFICE
YUSILL SCRIBNER,
REBEKAH CARMICHAEL
PUBLIC INFORMATION OFFICE
(212) 637-2600
STOCK PROMOTER SENTENCED AND EIGHT OTHERS CHARGED IN INTERNATIONAL STOCKBROKER BRIBERY SCHEMES
MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, and MARK J. MERSHON, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced today that PHILIP WONG, a Canadian-based stock promoter who pleaded guilty earlier this year to conspiring to commit securities fraud and securities fraud, was sentenced to 21 months in prison by the Honorable COLLEEN McMAHON of Manhattan federal court. Mr. GARCIA and Mr. MERSHON also announced the unsealing on Tuesday, October 21, 2008, of an Indictment in Manhattan federal court charging WILLIAM CURTIS with conspiring to commit securities fraud and to commit commercial bribery as well as substantive securities fraud in connection with a separate stockbroker bribery scheme. WONG’s sentencing and the Indictment against CURTIS follow the filing in September 2008 in Manhattan federal court of four criminal Complaints charging seven other individuals with conspiring to commit securities fraud and commercial bribery.
The charges against WONG, CURTIS and the seven other defendants are the result of a wide-ranging FBI undercover investigation of related stockbroker bribery schemes involving US-based, Canadian-based and Costa Rican-based stock promoters and stockholders. The four criminal Complaints unsealed in September 2008 charged JONATHAN CURSHEN and BRUCE GROSSMAN of a Costa Rica-based company, GLENN GROSSMAN, STEVEN COHEN and SHAY KEREN, a/k/a “David Schmidt,” principals of Manhattan-based Onyx Consulting Group, JOHN ZANIC, a Canadian-based stock promoter, and JASON JADIDIAN, a Queens, New York-based stock promoter, with conspiring to commit securities fraud and commercial bribery. All seven individuals were arrested in September 2008.
PHILIP WONG SENTENCING
According to documents filed in WONG’s cases and statements made during the guilty plea and sentencing proceedings: WONG previously pleaded guilty in July 2008 to conspiracy and securities fraud charges filed in an Indictment and an Information. The charges in the Indictment and the Information arose out of separate schemes in 2002, 2006, and 2007, to pay secret cash bribes to stockbrokers in order to induce them to cause their retail customers to buy and hold stock in the following companies: SecureWare, Inc. (“SecureWare”) in 2002, eNotes Systems, Inc. (“eNotes”) in 2006, and Jake’s Trucking International, Inc. (“Jake’s Trucking”) in 2007. With each of these bribery schemes, confidential informants (“CI”s) working at the direction of the FBI posed as corrupt stockbrokers. The CIs had a series of recorded conversations with WONG about an agreement to accept secret cash bribes that would be paid by WONG in exchange for the stock purchases. Pursuant to those agreements, in July 2002, WONG transferred $4,200 in secret cash bribes into an undercover FBI bank account in exchange for the sale of approximately $10,000 worth of SecureWare stock. In 2006, among other things, WONG caused the transfer of approximately $13,585 worth of secret cash bribes to an undercover FBI bank account in exchange for the total sale of approximately $69,700 worth of eNotes stock, and a later bribe of $10,000 for the sale of an additional $100,000 worth of eNotes stock. In addition, in 2007 WONG caused the transfer to an undercover FBI bank account of approximately $10,000 as a cash bribe for a CI’s purchase of approximately $34,980 worth of Jake’s Trucking stock into the CI’s “customer” accounts.
In addition to his prison term, Judge McMAHON sentenced WONG to two years of supervised release and criminal forfeiture of $197,710. During today’s sentencing, Judge McMAHON described WONG’s stockbroker bribery schemes as a “very serious crime” that impacted the integrity of the financial markets. WONG has been in federal custody since his February 11, 2008 arrest.
WILLIAM CURTIS INDICTMENT
According to the Indictment against CURTIS unsealed this week, over a three-month period from July through September 2007, CURTIS agreed to pay secret, cash bribes to a CI. The CI posed as a financial advisor who, in exchange for the bribes, would convince “investors” to purchase common stock of G&S Minerals, Inc. (“G&S”) that CURTIS and his co-conspirators controlled. In recorded conversations, CURTIS specifically agreed that the cash bribes would not be disclosed to the CI’s “investors,” and that the amount of the bribe would be 30 percent of the purchase orders placed by the CI’s retail customers for G&S stock. In September 2007, according to the Indictment, after purporting to sell to retail customer clients a total of over $63,000 worth of shares of G&S common stock that CURTIS had provided, the FBI received from CURTIS two cash kickbacks totaling approximately $19,000, which represented approximately 30 percent of the value of the G&S stock purchased by the CI from CURTIS.
JASON JADIDIAN COMPLAINT
According to a criminal Complaint filed on September 16, 2008, JADIDIAN, who was arrested on September 18, 2008, agreed to pay a secret, cash bribe to stockbrokers and an FBI agent acting in an undercover capacity (the “UC”) in order to convince them to buy, on behalf of retail customers, Tecton Corp. (“Tecton”) common stock that JADIDIAN was promoting. The UC posed as another promoter who, in exchange for the bribe, would recruit stockbrokers who held accounts on behalf of their retail customers, and with whom the UC would share the bribe. In July 2008, after the UC purported to have induced retail customer clients to buy approximately 80,000 shares of Tecton common stock that JADIDIAN had provided, JADIDIAN transferred from an account in British Columbia, Canada, a secret cash bribe of $5,000 to an undercover FBI account in New York City. The amount of the bribe represented approximately 27 percent of the value of the Tecton stock sold.
JONATHAN CURSHEN & BRUCE GROSSMAN COMPLAINT
According to the criminal Complaint that was filed on September 4, 2008, CURSHEN and BRUCE GROSSMAN schemed to defraud investors in Industrial Biotechnology Corporation (“IBC”) common stock by paying secret cash kickbacks to the UC, who was posing as a middleman willing to recruit corrupt stockbrokers. As part of the sting operation, in a series of recorded conversations, CURSHEN and BRUCE GROSSMAN agreed with a middleman, an FBI agent acting in an undercover capacity (the “UC”), that the UC would recruit corrupt stockbrokers at brokerage firms who were prepared to buy IBC stock from CURSHEN and BRUCE GROSSMAN and sell that stock to the brokerage firms’ retail brokerage clients in the United States. The FBI eventually purchased about $76,000 of IBC stock from CURSHEN and BRUCE GROSSMAN. In return, CURSHEN and BRUCE GROSSMAN agreed to, and eventually did, wire secret cash payments to the UC and the stockbrokers totaling approximately $19,000, or 25 percent of the value of the IBC stock they believed had been sold to retail customers.
GLENN GROSSMAN, STEVE COHEN, SHAY KEREN & JOHN ZANIC COMPLAINTS
The criminal Complaints filed in September 2008 against GLENN GROSSMAN, COHEN, KEREN and ZANIC charge them with scheming from March through September 2008 to defraud investors in Guyana Gold Corporation (“Guyana Gold”) by paying secret cash bribes to an FBI agent acting in an undercover capacity as a middleman, (the “UC”). According to those Complaints, as part of the sting operation, the UC agreed to recruit stockbrokers who were prepared to buy Guyana Gold common stock from GLENN GROSSMAN, COHEN, and KEREN and sell that stock to the brokerage firm’s retail brokerage customers in return for secret cash payments to the stockbrokers totaling approximately 23 percent of the value of the stock sold to those customers, while the UC received seven percent of the value of the stock sold. As part of the scheme, from May through August 2008, GROSSMAN, COHEN, KEREN and ZANIC paid the UC and the “stockbrokers” whom the UC had purportedly recruited bribes totaling approximately $21,800. The bribes represented 30 percent of the nearly $75,000 worth of Guyana Gold stock the UC’s “stockbrokers” had purchased in trades using an undercover FBI account. In September 2008, ZANIC transferred $100,000 to the same undercover FBI account as a cash bribe to induce the UC and the UC’s stockbrokers to purchase additional Guyana Gold stock.
WONG, 48, is a resident of Vancouver, British Columbia, Canada.
CURTIS, 49, is a resident of Naperville, Illinois. He surrendered to the FBI yesterday in Los Angeles, California. CURTIS is out on bail and his case is assigned to United States District Judge GERARD E. LYNCH.
JADIDIAN, 24, is a resident of Queens, New York. He is out on bail and his case is pending.
CURSHEN, 43, is a resident of Sarasota, Florida and Costa Rica.
BRUCE GROSSMAN, 50, is a resident of Maitland, Florida. They are both out on bail and their case is pending. GLENN GROSSMAN, 33, and COHEN, 35, are residents of Long Island, New York. KEREN, 38, who is also known as David Schmidt, is a resident of New City, New York. They are all out on bail and their case is pending.
ZANIC, 48, is a resident of British Columbia, Canada. His is currently detained and his case is pending. If convicted of the charge contained in the Complaints,
JADIDIAN, CURSHEN, BRUCE GROSSMAN, GLENN GROSSMAN, COHEN, KEREN and ZANIC each face a maximum sentence of 5 years in prison, as well as a maximum fine of $250,000. If convicted of the charges contained in the Indictment against him, CURTIS faces a total maximum sentence of 25 years in prison.
Mr. GARCIA praised the work of the FBI, the Vancouver Integrated Market Enforcement Team of the Royal Canadian Mounted Police, and the United States Securities and Exchange Commission for their assistance in this investigation.
Assistant United States Attorneys ALEXANDER J. WILLSCHER, VIRGINIA CHAVEZ ROMANO, WILLIAM J. STELLMACH, LISA BARONI and RAY LOHIER are in charge of the prosecution.
The charges contained in the Indictment and the criminal Complaints are merely accusations, and the defendants are presumed innocent unless and until proven guilty.
08-269
###
You did. I think. Cant be certain.
well after the reverse split i only have 7 shares...so i cant even sell them bc they arent worth .02...lesson learned...im a lot more comfortable trading stocks like cogo....
Hello Bullonly, Yes I to was inthat sinking ship without a life preserver. I posted early on the reeformation to warn hard working people to be aware. Not out of vengence but to help others. I was kinda ignored and saw that same hope and wishes from good people. Sorry to see this junk again. Ket Out while you can and write it off on your taxes. Thank you
dont wonder about me one bit,IBTY sacked me for over 1000S of $ and took me out of trading for well over a 1 1/2 years because i had zero money left,heck i even had to get a part time job at wal mart working nights because i lost money with these basts..yea i still have whats left of my shares 7 total maybe after the rs split,i use them now as a reminder,to never trade oks again,i am back trading,but dont even look at pks,and i urge anyome here to do the same..the pes are too compelling with good companies tradin on Nyse and nas to mess with fake companies. sure i was on this board a lot,and my research with their former website showed this company may have had a shot with all the talk of alt energy,,each day down .001,slowly ate away til the end. i am man and i sucked it up,lesson learned IMO,
there stocks down to two cents now....going down faster than ibty....time to start a new company.....line up suckers...to be bled dry again......
SO Now you Know The Rest Of The Story.
if you have time.
SEEM FUNNY TO ME THAT YOU ??? ACTED THE WAY YOU HAVE... /HAD...
Even how / what you have said , seem very funny... WOW , multi Post and all... To seemingly to have been the Saviour, of this Stock So many Times....?
Only then to "all of a sudden " do what you have done.
Also I wonder about Bull Only... and all the other POS here.. "W.T.F." is right......
If the FBI ask me... I have, Humm Maybe what they ask for.? Maybe Not.
Vision Green.
Remember this pumper. LMAO
These thiefs need to be prosecuted and incarcerated for a long tme ....maybe things will change when Obama takes over...some one needs to start the change....crooks like these and all tyhe others raped us...would like to see them get it up the ass with no vaseline, in the pen....
and further,i was a successful trader,trading mainly mid $10 stocks til i ran across the BS spewed here,,and somehow got sidetracked,,well between ibty and BHUB both of them took me for everything i had..IBTY,now IBOT,,was once .0003..remember that...ill never trade any pink or >ob stock again...
what a crock of crap..ibot or ibty reversed split and took almost all my shares,,i had several hundred thousand..now i have 7,,yep 7..dont con these newbies out of more money, this company is part ofwhat is wrong with this stock market right now,,greed and lack of concern for their shareholders....
GENIUS! what gave you the first clue?
DO NOT TOUCH IBOT.
OK. So how on earth does a pathetic 3500 buys all pitched at .37 then get closed at .53, .54 and .55 respectively?
How does 3500 buys VS 20050 Sells push the PPS UP! And by .17!!!
Want to explain this?
This is riddled in something rotten. I've been burned a bit here, hopefully no one else will have to go through it.
DO NOT TOUCH IBOT.
100% concur. Attorneys need to be paid I suppose eom
Here they go again. Mark my words ladies and gentleman, where on the slide and there's no recovery. Get your money and run. I wish I had done this 8 months ago. There is still a chance to safe your skins. Please dont forget this post. If I'm wrong. There will be a big apology, but I doubt it very very much,,,,, Thanks
Would it be possible to Post a Picture of the Work Completed At the Trinidad port? And what Facility IBC will be Using?
I think This a loan Would Boost My Confidence.. And Shareholder Value.
PS .. It may be very Important to have Andy In some of the Pictures...
Don't get me wrong ! This is an Incredible Idea.. One that I would still Invest Again.. But Not With Crooks.
P.S.S. I am so disappointed. Sometime I think the Only Fuel, That is truly Renewable... It's The fire of Hell.
Make it good or have fun Shoveling.
They are not successful Yet, Nor are the Holding I have in this.
I am so .. Upset. Even If I thought these Guys are Crook's @ Least I thought there was a Chance to see some sort of return on My Past Investments, But the Feds did mess that up also..
I thought there was Volume.
Also what happen to that web site Rcc.
http://www.renewablechemicalscorp.com
maybe someone can rent that site. it say available/offer from go daddy.com
I also feel there is not good news because there has been NONE from the Company.
Also if you look at the Company Info on pink sheets...
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ibot
Outstanding Shares
38,023,000 as of Jul 17, 2008
Authorized Shares
500,000,000 as of Jul 17, 2008
When there was so many who lost it all before??
Does the history of shareholder failure with these Sarasota guys mean anything to any of you? Why have they suddenly become successful with this new story and symbol change in IBOT.
A leopard never changes his spots, remember that.
Who is the "back office person"?
Whose Back office was the back office person working in?
How and Why did he have access to the Cookie jar?
Was the Cookie jar in Sarasota or Costa Rica?
What exactly is the cookie jar?
How do you know he/they were previously under investigation?
I may well have plenty more questions about the origin and source of this Pinkie especially seeing as who got pinched in the raid
Any audited financials on the horizon?
even fixing Pink Sheets would be a step in the right direction
The bottom line here a back office person who had already been under investigation was caught with his hand in the cookie jar too many times and the last one was in was IBOT,bad luck for the company but does not involve company.
Guys
The bottom line here a back office person who had already been under investigation was caught with his hand in the cookie jar too many times and the last one was in was IBOT,bad luck for the company but does not involve company. I have told this boad many times read what their potential is buy a few thousand shares not go crazy and sit on it for 6 months and i think you will be very happy. their industry is the future. present problem is that they need revenue and it probably won't happen until 1st quarter 09. that is when the tridinad port will be finished for dehydration. at the same tiem they will be working on funding the plant with contracts lined up. it is one of those stock you through a few bucks in and don't look at it for months and go wow here we go. I believe in this company, the management and thier business plan
I feel sorry for that guy.
The President of the company
Watch for tomorrow, You could be right.
Anyone here, have any Proof Of any Company Knowledge of Stock Manipulation, Or is this just some sort of conspiracy here?
Also Why are there some on this Board Seemly have such a Delight in other investors sorrow? I see it all the time on this Page... So sad.
LOL_ some guys just dont know when enough is enough.
The way I see it it's about to go Ape Sh1t. Just look at what is happening, volumes of 8000 - 12000; ppl who have are holding, those that dont have are finding it hard to buy. I've had buy orders in at .40, .50 and .55 and NOTHING has gone through. One batch went through at .80, obviously. Tiny little buys of 100 - 500 have gone through and at the same bid of .40, .50 and so on. There is one long queue and it will start moving. Ask and Bids are down as N/A using Thinkorswim. Clearly something is going on to wind up for a shift. Either way. And I think it will be up. Watch this space.
Location: Florida
Listed: Pink Sheets
Guaranteed: Con Job
Nothing new.
Your living in dreamland.
Here's what I think.
IF the FBI investigations lead to a false PPS, then the FBI is also responsible for the millions that people have spent investing in this company whilst the FIBI were themselves manipulating its value.
If this is the case, then I would expect also that the FBI will be forced to buy back all the shares for lets say, $1.20, and then return said shares to the management of CEGE, for lets just say, 1c per share.
The company then is back in control of the shares and are free to now resell and rediscover their real market value.
The FBI of course will now also owe the company millions and millions, especially since their activities have cost the company millions.
Make any sense?
Think about it, while the FBI were tinkering around, this company was employing staff based on its products and its success in the market. Who is going to cover those staff? Who will continue to pay their salaries if this share price should not recover? Which I think it would, why else would the FBI have picked this company?
Conclusion? Either way, fasten your seat belts, this is going straight back to the $1.20 zone!
I'm sure glad I dumped the few thousand shares I had left at $1.18 after the 1 for a gazillion r/s. Once a piece of crap, always a piece of crap.
What's happening here? No movement, no bid, no ask, nothing...
it might go up if the FBI step up and buy some more!!!
Anyone prepared to hazard a guess on IBOT today?
maybe.. I just look at ur posts all negative Y.
Acronym Definition
PROLLY Probably
What is Prolly?
What's going on here, the Ask and Bid say N/A?
the boss of the future ex company.....
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Trading Symbol: RNWB
The Renewable Corporation
Our Mission: to offer the highest quality of products and services in our industry while maintaining profitability and customer retention levels of 90% or more.
The Renewable Corporation (TRC, trading symbol RNWB) was established in 2004, adopted its present name in 2008, and is based in Lake Park, Florida. The company develops and supplies products, services, and technologies that use efficient, renewable resources. TRC management knows there is significant interest in clean, green, and lean methods that offer superlative quality at a cost that is a reasonable alternative to traditional choices, and will have a less hazardous impact on the environment and human health.
The Renewable Corporation family of companies integrates sustainable manufacturing and distribution with cutting edge research and proprietary technology to provide the most advanced line of products and services available.
TRC management actively seeks out partner companies and individuals that are engaged in similar, forward leaning efforts. The company encourages creative synthesis and the inspired application of ideas in unexpected places. Discovering new solutions to existing and anticipated problems is the corporation’s primary goal. The Renewable Corporation portfolio already contains multiple patents and patented products. One of which is a coating system through provided Ecosmart Surfaces & Coating Technologies that completely seals in asbestos surfaces - encapsulating all hazardous materials in the process.
Continued support for national manufacturing and small business is also at the heart of The Renewable Corporation charter. TRC management believes that innovative individuals and businesses will invigorate our economy and drive sustained growth into the future as the knowledge continues to evolve. TRC management believes that our products, processes, and services will create many jobs, both at the individual and corporate level.
The Renewable Corporation management has assembled an exceptional leadership team to establish the company’s position at the forefront of environmentally friendly business, and to guide its efforts. Their expertise includes new business development and financing, international sales and marketing, industrial renovation, molecular biochemistry, and biotechnology.
SUBSIDIARIES
Ecosmart Surfaces & Coatings Technologies: Surfaces Division
Ecosmart surfaces has a customized, extremely durable flooring system that is applied with a patented process. With this system, a completely different looking floor can be applied over most existing hard flooring surfaces. They can replicate the appearance of a variety of traditional substances, such as wood and stone, using an environmentally friendly technique, and can include decorative elements such as a logos or other inlaid artwork sealed into the polymer finish coating. The durability, cleanliness, and other benefits make it suitable for virtually any location, including hospitals, and the installation process requires very little in the way of preparation. Existing flooring need not be removed, and it is not necessary to leave the premises during the application.
Ecosmart Surfaces & Coatings Technologies: Coatings Division
The coating subsidiary manufactures and distributes Nano-technology glass coatings applicable to virtually every industry for corrosion protection, self-cleaning, self sterilization, slip resistance, chemical resistance, anti-graffiti, energy and cosmetic improvement. The coatings can be used on virtually any surface thereby creating the properties of a glass surface, no matter what is coated. So, graffiti can be cleaned off a church mural because the surface being cleaned is glass and not paint. Likewise, mold cannot attach to a coated surface as there are no nutrients or voids to provide adherence. The coatings are particularly suited for the flooring, automotive, marine, medical, home, and industrial applications. With current economic conditions, Ecosmart coatings provide a significant value added for restoration and longevity.
Renewable BioScience Technologies
The BioScience subsidiary has revolutionary technology in skin protection from the sun, industrial UV sources (such as welding), and reducing collateral damage from medical radiation treatment. The patented technology strips out the four nucleotide code molecules from DNA strands and uses them in a system that can provide 99.9% protection from DNA damage, which is the cause of aging and skin cancer. A second technology is a delivery system to not only house the nucleotides, but also, a hydration agent that is time released to infuse uniform hydration into the skin for up to 10 hours. The near perfect hydration level off loads the skin’s repair mechanisms, freeing them to work on repairing other imperfections, resulting in significant anti-aging and rejuvenation benefits. The resulting products are a DNA based SPF-30 day cream; an anti-aging and rejuvenating night cream featuring the hydration system, Chinese herbs, and aloe; a medical radiation protection and healing cream for use by dermatologists in radiation therapy for skin cancer; a rejuvenating DNA protection cream for the tanning bed industry for DNA damage protection.
E³ “Cubed”Corporation
The E³ “Cubed” Corporation is an interactive, online, direct sales organization that trains merchant representatives; consolidates and provides green industry information and recommendations; evaluates, selects and sells premium products and services; and offers assistance with related government rebate and incentive programs. Proprietary technology was used to create an innovative portal to provide access to goods and services across the spectrum of efficient energy and resource use in an accessible and credible format.
Renewable Technology Holdings, Inc.
The Renewable Corporation owns and uses a considerable amount of intellectual property. Several distinct creations with exclusive rights are incorporated into the company’s products and processes. All the patents and other proprietary material are maintained in this holding company, thereby reducing any attendant risk to the other subsidiaries and the parent company.
Summary
EcoSmart Surface Technologies to Provide Flooring for VA Medical Centers and Military Facilities
The Renewable Corporation Acquires Assets and Patents of SMT Manufacturing, Inc.
Renewable Signs Term Sheet with Dr. Yin-Xiong Li for Exclusive Licensing Agreement
The Renewable Corporation has appointed Gary R. Smith President, CEO and Director
The Renewable Corporation acquires Assets and Patents of SMT Manufacturing, Inc.
The Renewable Corporation Appoints New Directors and Officers
Gerald C. Parker, Chairman of The Board
Gerald C. Parker is the Chairman of The Board of The Renewable Corporation. He has more than 30 years of experience in the development, funding, and management of successful companies and is a well-known Internet visionary. Mr. Parker helped found a number of companies, including Credit Information Systems, which was sold to Equifax in 1986, Florida Gulf Capital, St. James Capital and Inktomi Corporation, a company that obtained a $24 billion public market valuation.
Gary R. Smith, President and CEO
Mr. Smith is a corporate leader, manager, and consultant with extensive business experience in top management positions and more than three decades of operational experience as manager and CEO for leading automotive and auto finance organizations.
He was President and CEO of First Choice Auto Finance and the Florida Finance Group in St. Petersburg, Florida for 20 years, and he spent another 7 years as President and CEO of Smart Choice Automotive Group, with over 3,000 employees, 5 divisions, and 30 locations statewide, including Eckler Corvette Industries.
Mr. Smith was also President and CEO of Long Island Gaming, LLC in Freeport and Bay Shore, New York for 4 years. In 1991, at the age of 38, he was the youngest ever to be selected as The National Quality Dealer by the National Independent Automobile Dealers Association. Mr. Smith also served as President of the Florida Automobile Dealers’ Association in 1994.
Manpreet Singh, Chief Financial Officer
Mr. Manpreet Singh began his career after he earned a BS in Accounting from Arizona State University, W.P. Carey School of Business. Upon his graduation from Arizona State, Mr. Singh worked in the mining and metals industry for several years, which is where he gained valuable experience and knowledge in the fields of public company accounting and SEC reporting. His experiences also include holding the key position of Financial Controller in the healthcare and consumer financial world and later moved on to become the leading professional working as the CFO and Principal of Long Island Casino, Inc.
Mr. Singh is also a co-founder of Merchant National Processing, LLC and Payscout, LTD. He brings to the team of merchant service professionals, his ability to apply tenacious improvements and develop new technologies, procedures and policies to maximize on the success of Merchant National and the variety of merchant services that are offered through the company.
Gary D. Alexander, Corporate Secretary
Mr. Alexander has extensive experience initiating public and private offerings for small companies. His expertise includes professional accounting services with “go-public” transactions, private placement syndications, and mergers and acquisitions. He has led and participated in projects in a variety of industries, including internet services, telephone and VoIP services, children’s media, aviation, commercial and residential real estate, restaurants, the petroleum industry, medical practices and facilities, as well as entertainment and music.
1313 S. Killian Drive • Lake Park • FL 33406
545 8th Avenue, Suite 401 • New York • NY 10018
office. (561) 328-6488
fax. (561) 328-6739
Trading Symbol: RNWB
For information on becoming an investor for Ecosmart Surface Technologies, contact Gary D. Alexander.
Phone: (772) 380-4320
Email: IR@therenewcorp.com
Gary D. Alexander
Gary D. Alexander brings more than 30 years of experience in the accounting and investment field. Mr. Alexander has extensive knowledge initiating public and private offerings for small companies. His experience includes professional accounting services with “go-public” transactions, private placements syndications along with mergers and acquisitions. In addition, Mr. Alexander has a vast experience in forensic and reconstructive accounting and litigation matters appearing with council at “Mediation” and/or with a “Special Master” representing NASD Broker Dealers as an auditor and consultant. He has led and participated various projects some which include but not limited to the petroleum industry, internet services, telephone and VoIP industries, medical facilities as well as the entertainment and music industries.
Mr. Alexander holds a Bachelor of Business Administration (Accounting) degree from Florida Atlantic University, Boca Raton, Florida. Throughout his career, he has served as a member and chair of various charitable organizations working in his community in an effort to help provide services to those members less fortunate.
Market Value1 | $35,551,366 | a/o Jun 04, 2013 |
Shares Outstanding | 209,125,682 | a/o Mar 31, 2013 |
Float | 46,258,546 | a/o Mar 31, 2013 |
Authorized Shares | 250,000,000 | a/o Mar 31, 2013 |
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