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broke dude leaves $50 tip......OK......
Stanton has been spotted occasionally. He enjoys high-end steak restaurants, his ex-wife said. One waiter at an Austin, Texas, restaurant remembered Stanton because he flirted with her and gave her a $50 tip, Susan Stanton said.
Fugitive Tampa businessman John Stanton has many people on his trail
http://www.tampabay.com/news/courts/fugitive-tampa-businessman-john-stanton-has-many-people-on-his-trail/1239313
TAMPA — It seems like everybody in the world is looking for Tampa businessman John Dargan Stanton III.
His ex-wife. Her private investigator. U.S. marshals. Hillsborough sheriff's deputies. Reporters. The IRS. Perhaps even some folks representing him. His bankruptcy attorney says he has no idea about Stanton's whereabouts and hasn't talked to him in more than a month.
In what may be one of the strangest episodes involving a Tampa Bay business leader, Stanton continues to elude capture after eight months with an arrest warrant on his head in a case in which his ex-wife's lawyer calls him "the national poster child for deadbeat dads."
Once worth $269 million, Stanton now claims he is broke. He faces a six-month jail term after a judge found him in contempt in December for not paying his former wife support and alimony.
His ex-wife, who said she is owed more than $10 million, has even offered a $1,000 bounty for his capture.
Stanton's bankruptcy attorney, Paul DeCailly, said he has told Stanton he should turn himself in. But Stanton is clearly not following that advice.
Meanwhile, the bankruptcy that Stanton filed in December is proceeding without his participation. Stanton has refused to attend any creditor meetings. At one of those sessions, police waited to arrest him if he appeared. An IRS representative sat quietly in the meeting room, too.
A trustee in May filed a complaint against Stanton objecting to the discharge of any of his debt because Stanton failed to disclose substantial information in the bankruptcy. Those failings, the complaint said, "constitute false oaths made knowingly and fraudulently in connection with the case."
Stanton is accused of not following a judge's order to file his 2009, 2010 and 2011 tax returns and of failing to disclose that he was an officer or director in seven companies, among other problems noted.
DeCailly, who said Stanton has done nothing improper in the bankruptcy, said he can sometimes reach his client by leaving a message with an intermediary. "It's obviously not the preferred method of communication," he said.
A message seeking comment for this story was sent in that manner, but Stanton did not call the Tampa Bay Times.
Susan Stanton, the ex-wife who now lives in California with their 13-year-old son, said her ex-husband will stop at nothing to avoid paying the money he agreed to hand over during a 2011 divorce settlement.
He's willing to destroy his own life, she said, to leave her penniless.
"John isn't afraid of the law," Susan Stanton said. "For him, it's all about control. It all started out as a vendetta against me."
Stanton has denied all wrongdoing.
• • •
The Stanton story didn't start out like a dysfunctional soap opera. John Stanton's life was one of achievement and success.
He was formerly the president of Cast-Crete Inc., a building materials company in Seffner that earned $1 million a week in profit as Florida development boomed in 2006.
He is a former U.S. Army sergeant with a Purple Heart and a Bronze Star for rescuing a downed helicopter pilot in Vietnam. With a master's degree in business from the University of South Florida, he earned one of the highest scores in the nation among those taking the certified public accountant exam.
He was once close to the late Ralph Hughes, a Tampa power broker who hired Stanton at Cast-Crete. Hughes' name frequently made the news in 2010 and 2011 when it was revealed he bankrolled an Arkansas house for the wife of former Hillsborough County Commissioner Jim Norman.
Stanton delved into philanthropy, including a $1.5 million contribution to his son's Independent Day School.
But that world no longer exists for the 63-year-old Belleair resident.
In December, a state court judge found Stanton guilty of five criminal contempt charges and sentenced him to six months in jail in absentia. In March, a bankruptcy judge ordered Stanton's arrest for not attending creditor meetings.
In the bankruptcy, Stanton claimed assets between $100 million and $500 million and liabilities of no more than $50 million. He owes the IRS $4.2 million.
While his ex-wife said he has undoubtedly hidden millions in assets to thwart her efforts to collect (Stanton's attorney said that is nonsense), the government has suggested Stanton may have significantly inflated his assets.
Stanton holds stocks that "the United States believes … may have values considerably smaller than those (Stanton) assigns to them. … The one publicly held stock, Bulova Technologies Group Inc., appears from Internet references to have a value of two cents a share or less and is not widely traded," the government said in a Feb. 12 motion.
• • •
So where is Stanton hiding?
Texas private investigator Philip Klein, hired by Susan Stanton, said John Stanton's ability to access fast cash is hindered as a fugitive, and his associates are now more willing to cooperate with investigators.
"We feel he is probably getting increasingly desperate," Klein said. "I think that people, when they start running, they think it's a game at first and then the game turns very, very serious very, very quickly. He's now starting to capture the gravity of the situation. We're imploring him to turn himself in."
Klein said it is believed that Stanton is using prepaid credit cards and throwaway cellphones.
The investigator said FBI agents have questioned some people who know Stanton, but he isn't sure if that means the FBI has joined the search.
Stanton has been spotted occasionally. He enjoys high-end steak restaurants, his ex-wife said. One waiter at an Austin, Texas, restaurant remembered Stanton because he flirted with her and gave her a $50 tip, Susan Stanton said.
Susan Stanton said she saw his picture on somebody's Facebook page in December. He was in a moving truck, presumably driving out of Florida, she said.
Klein said he believes Stanton is armed and could be dangerous.
DeCailly, Stanton's attorney, said that characterization was just laughably untrue. "He's armed and dangerous over a marital dispute?" the attorney said. "I highly doubt that. Do I think he's going to barricade himself in a house to avoid arrest? No."
The bankruptcy will take years to resolve, DeCailly said. And in the end, it will only be the lawyers who collect any money, he said.
"Nobody," he said, "is going to collect anything."
William R. Levesque can be reached at levesque@tampabay.com or (813) 226-3432.
If he's seen
Anyone with information about John Stanton's whereabouts can call 911 or the U.S. Marshal's Service toll-free at 1-877-926-8332.
Wanted Fugitive John Stanton, III
877-Wanted2
(877-926-8332)
_______________________
Home Page
Investigators from the US Justice Department, the State of Florida and Texas Civil Investigators are currently hunting the "Millionaire Deadbeat Dad" John Stanton, III. We need the publics help to capture him and extradited back to the State of Florida.
http://fugitivejohnstanton.com/Home_Page.html
http://fugitivejohnstanton.com/Media_Information.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75819901
I wonder if Stanton is looking for a new hideout after the dilution at RNDR yesterday!
GLTA
Bob
Fugitive Tampa businessman John Stanton a no-show at bankruptcy meeting
Times staff
In Print: Saturday, January 21, 2012
http://www.tampabay.com/news/fugitive-tampa-businessman-john-stanton-a-no-show-at-bankruptcy-meeting/1211699
Fugitive businessman Stanton a no-show at Bankruptcy meeting
John Stanton, the fugitive Tampa-area businessman who once claimed a net worth of $269 million, failed to appear at a meeting of his bankruptcy creditors on Friday. Stanton was sentenced to six months in jail last month after he was found guilty of criminal contempt for failing to pay his ex-wife millions in alimony and child support. So far, Stanton has refused to turn himself in. Tampa police waited at the entrance of the federal building where the creditors' meeting was scheduled just in case he appeared. The meeting was continued until Feb. 8. If Stanton doesn't show up then, his bankruptcy case could be dismissed.
John D Stanton FUGITIVE videos (WANTED: REWARD OFFERED)
Fugitive Tampa Bay businessman says he is being treated unfairly
(Stanton, who riped off countless people is being treated "unfairly"....boo hoo.....also, ironic is his "proving a negative" with all the smoke and mirrors he engaged in...)
By William R. Levesque, Times Staff Writer
In Print: Thursday, January 5, 2012
http://www.tampabay.com/news/courts/civil/fugitive-tampa-bay-businessman-says-he-is-being-treated-unfairly/1209187
TAMPA — It has been three weeks since a judge issued a warrant for the arrest of prominent Tampa Bay businessman John Stanton for a willful failure to pay millions in child support and alimony.
Stanton has so far failed to surrender. His former wife says he's hiding in the Orlando area with his girlfriend and has offered a $1,000 reward for his capture.
But in a telephone interview on Wednesday with the Tampa Bay Times, Stanton scoffed at the notion that he is a fugitive. He said his ex-wife, the courts and the media have unfairly tarnished his reputation and portrayed him as a villain.
"I certainly don't feel like I can be a fugitive from justice when no justice took place," Stanton said. "I think what has been done to me is totally inappropriate and unfair. … I've been portrayed as the bad boy of Tampa Bay business, which I think is kind of humorous."
After a court hearing that ended Dec. 15, Stanton was sentenced to about six months in jail by a Hillsborough County judge on criminal contempt charges for what the court said was a willful failure to pay $6 million in child support and alimony. Stanton, his ex-wife's attorneys say, now owes a total of $10 million.
Stanton said his sentence will be reversed on appeal. Asked if he would surrender if the appeal were lost, he said, "At the end of the day, if I have to deal with it, I will deal with it."
Stanton, 63, called the Times after a request for an interview was made through his bankruptcy attorney. Stanton refused to divulge his whereabouts during the interview, and the caller ID number display was blank.
He also indicated he was in negotiations that will make his legal difficulties "go away." He declined to provide details.
His ex-wife, Susan Stanton, who lives in California, could not be reached to comment.
One of her attorneys said there have been no negotiations with Stanton or his attorneys to resolve the battle over child support and alimony.
"Gee, that's news to me," attorney Michael Lundy said when told of Stanton's comments. "He's grasping at straws. I do not understand how a man could choose to go down that road."
Stanton was a politically influential philanthropist who moved among Tampa Bay's business elite. He served as president and a major stockholder in the Cast-Crete Corp., Florida's largest maker of precast concrete products used in construction. His net worth was once pegged at $269 million.
The company rode a Florida building boom that at one time generated $1 million a week in profits.
But the IRS has opened a criminal investigation of Stanton over Cast-Crete's failure to file tax returns from 2003 to 2007, a period in which the company recorded profits of $127 million. Stanton "siphoned" millions to himself while stonewalling tax agents, the IRS said.
But in divorce proceedings, Stanton said he has been a victim of the housing downturn who has no income outside a Department of Veterans Affairs pension of less than $600 a month.
Bankruptcy filings by Stanton say he has at least $100 million in assets, but his attorneys say those assets are not liquid and cannot be quickly turned into cash.
In the interview, Stanton said he wants to repay all his creditors and insisted he isn't hiding assets. His wife's attorneys, he said, cannot prove otherwise.
"But how do you disprove a negative?" Stanton said.
Stanton said his ex-wife is living better than he is, a claim Susan Stanton has emphatically denied. "I live kind of a meager existence compared to what people think," he said.
William R. Levesque can be reached at levesque@tampabay.com or (813) 226-3432.
MLM, you should take the mod spot on this board and update it.
Since Stanton isn't about to change his ways, people need constant awareness of where he is and what he's doing.
And who he's doing it with.
The company I posted to Risicare about, SPRA (the equestrian based residential subdivision idea) has undergone a change and is now an online poker site called Rounders (RNDR).
Although it was shown that a guy named Don Baruch took it over, we find out months later that Stanton is still there. Along with Stack.
Interesting note on Stack. The property SPRA tried to buy (which would never have fit the bill for their purposes and in fact wasn't even zoned for commercial use) ended up buying the property! It's real intended use was, as I suspect, for his own private residence all along. It's just so much nicer when you can buy it with company money. ( :
Say, do you suppose Dog The Bounty Hunter would go after Stanton for $1000?
Stanton videos:
One of Stanton's companies not mentioned in the iBox is SPRA. He tried to buy a property in order to start an equestrian-themed residential subdivision.
He didn't get the property so now it's been transferred to another guy who is a semi-professional poker player. The new company direction is pretty lame.
A poster on the board though says Stanton isn't out of the picture. He says the new CEO is Stanton's puppet.
maybe related to this???
his fingers were in so many pies, it's amazing.....
Stanton said he hasn't spoken to federal authorities, but did give a deposition Thursday in the Ambler case.
He didn't reveal details of his testimony, citing a confidentiality agreement between attorneys in the case. But he said when he spoke to Hughes' son two years ago, he told him he couldn't help.
Stanton said he never saw any documentation of a gift or loan from Hughes to Norman, and never discussed it with Hughes.
http://www.tampabay.com/news/politics/legislature/article1125255.ece
PS: wow, read these comments
http://www.tampabay.com/news/politics/legislature/article1125255.ece
STATUS: STATUS - IN JAIL
Name: STANTON, JOHN DARGAN
DOB: 09/21/1948
Booking #: 10054546
Arrest Date: 11/04/2010
Race: W
Sex: M
Ethnicity: N
Remark
5 MNTHS 29 DAYS
http://www.hcso.tampa.fl.us/PublicInquiry/ArrestInquiry
(type Stanton,John in the box)
http://www.hcso.tampa.fl.us/PublicInquiry/ArrestInquiry/ViewArrest?id=10054546&k1=8cd501717522fdc&k2=LTQxNDUxMDgwOA%3d%3d
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56616552
John D. Stanton got popped yesterday
By: Coup Zombie in FAKE | Recommend this post (0)
Sun, 07 Nov 10 12:57 PM
Boardmark this board | Franklin, Andrews, Kramer & Edelstein Msg. 25134 of 25139
1 charge of contempt of court. Castcrete case related.
I expect the St. Pete Times will have more tomorrow or Tuesday.
A brand new year, more new names and ticker symbols, business as usual. 2008 wound down with none of those companies showing anything in the way of profits of any sort but hype is alive and well and never in short supply. Trawling for inexperienced investors with cash as usual.
RWER changed to NGRN and is still trying to push out shares.
GETG probably deserves to go on the list due to the company's associations. GETG is still trading at $1.00 but I'm guessing the days are numbered there.
So this year's winner for the highest return of any of these companies listed is NNBPE, which outperformed the others by only losing 72% of its market value over the past year.
The saga continues as Stanton et al trawl for new investors willing to trade their money for dreams.
Well, every single one of those companies either closed up, changed their names or are continuing on their downward spiral. To bad it's not possible to short these types of stocks. The ability to short would probably greatly reduce or elimate the ability of shady companies to take investors' money.
Looks like EFTI has been relegated to the pink sheets and slid to $0.005/share. Per the 10QSB, it sounds like the 'equity' may be parsed out to others. Laurus, CNC, possibly Ultra Green. I don't doubt Mr. Stanton will fold the company soon. So if that happens, what's the new startup going to be--or is he going to focus on one of his other companies?
stanton caught .jr`s slid so far
but his turn is looming
One of the companies tied to Mr. Stanton, RENW ,seems to be showing some life in the PR department. About a year and a half ago, RENW purchased part of a C.A.V.D. license from a subsidiary of EFTI (CEO: Mr. Stanton). This past February a new CEO Kenneth Brown, who came from EFTI, was installed.
Their primary product, the EC V, is just a big piston-powered engine running off pressurized flow. RENW has been pushing this concept for six years as a "green" energy source to utilize 'wasted' sources of pressurized flow. The EC V is the functional equivalent of a micro hydroturbine except much less efficient and has many, many more moving parts than a turbine. Basically their product is a piece of crap that they seem to be using to convince shareholders to part with their money. Needless to say, they haven't sold anything (except shares--and lots and lots of those) in the six years of their public existence. They've actually been working on this concept much longer but were public for only six years.
Recently, however, RENW released another PR that the EC V was once again underway (like many times in the past). The last time they did this was after the stock languished to $0.04 with about 70 million shares outstanding. Their PR campaign drove it up from $0.04 to $0.61 in just a few months. Now the share count is closer to 200 million and the share price is at $0.02. It looks like they may be gearing up for another pump campaign. The situation looks very similar to where it was a year and a half ago. There's a possibility that there may be money in this stock as a trade.
Looks like EarthFirst is going through another pump campaign. This time announcing a MOU for a ten CAVD plant sale in the Caribbean and in Europe.
For those who know the game here, it's a given that this memorandum of understanding will fall apart. I don't see anywhere that EFTI can go with this so I'm guessing that's the end of that stage of the pump. It doesn't seem to me like there's a semi-solid opportunity to trade for profit at this time. It's probably better to keep watching.
U.S. Securities and Exchange Commission Investigation...
The text below from the SEC appears to be an investigation into potential insider trading during the proposed merger between USSE and ONYI (Diversified Ethanol, Inc.). A little background--over the past year or so, Mr. Rivera and his company engaged in a number of failed proposed mergers including mergers with CYBR, GRLY, ACMG and ONYI. The respective stock prices surged on each proposed merger announcement and subsequently dropped sharply after each of the proposed mergers fell apart (the reasons for the mergers failing remains largely unexplained.) The SEC apparently believes there may have been insider trading for at least the proposed ONYI merger.
---
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20182 / July 5, 2007
SEC v. U.S. Sustainable Energy Corporation and John D. Stanton, Civil Action No. 1:07-CV-1547 (N.D. GA filed July 2, 2007)
Commission Files Subpoena Enforcement Action Against U.S. Sustainable Energy Corporation and John D. Stanton
On July 2, 2007, the Securities and Exchange Commission filed an application with the United States District Court for the Northern District of Georgia for an order to enforce investigative subpoenas served on U.S. Sustainable Energy Corporation, a privately-held Florida corporation located in Seffner, Florida ("USSE-FL"), and John D. Stanton, a resident of Tampa, Florida.
The Commission's application and supporting papers allege that on May 3, 2007, the Commission issued a Formal Order of Private Investigation entitled In the Matter of U.S. Sustainable Energy Corporation. According to the Commission's application, USSE-FL and Stanton have failed to comply with validly issued and served subpoenas for documents relating to this investigation, which involves, but is not limited to, a separate but related corporation known as U.S. Sustainable Energy Corporation, which is headquartered in Mississippi ("USSE-MS"), and others. The investigation relates to possible false and misleading statements by companies engaged in merger discussions, possible insider trading activity, and other possible securities law violations.
A hearing on the Commission's application has not yet been scheduled.
http://www.sec.gov/litigation/litreleases/2007/lr20182.htm
EarthFirst seems to be trying to pump up their stock price again. It seems that their PR's aren't getting the reception they've gotten in the past, though.
Seems that someone has been pushing up VitalTrust (VTBD) slowly, a few thousand dollars at a time. The spread has been very wide, though. Currently it's $0.40 by $0.50. The stock has gone up an enormous amount in the past three months despite the total value of the underlying securities held by VitalTrust nose-diving. Based on that, I'm pretty sure VTBD is still being played. The share price certainly isn't going up due to an increased value.
The Superhero Justice League Team America is pleased to offer a formal invitation to all independent superheros to join us in this new board.
The penny world needs your selfless heroic bravery and exceptional skills. This forum will serve as the professional exchange of knowledge and Due Diligence related to rooting out all those in the evil underworld who pray on innocent investors.
The contributions of international Superheros such as yourself enrich the strength of the Justice League through enhancing the diversity of perspectives and content represented. The Justice League values the opportunity to learn from and with our international Superhero colleagues.
http://www.investorshub.com/boards/board.asp?board_id=8807
Looks like VitalTrust (which recently recieved many of Stanton's assets from OSSG) is starting to put out press releases more frequently.
Giff, it would be one thing if the information in the IBox was inaccurate but it sounds like you're just complaining because it doesn't spin Mr. Stanton in a positive light. Readers can certainly visit the individual boards of the companies involved if they want to hear only the positive spin.
Mr. Stanton and the other CEO's which work with Mr. Stanton have made an inordinate number of broken promises and unrealized claims while leaving many much poorer shareholders in their wake. You can believe it's only because of the high-risk nature if you want but there is a really, really long string of failures. I looked and I can't see any successes with these 'new technologies' which in many cases are just technologies invented hundreds of years ago but recycled. Coal gasification, pyrolysis, pistons and cylinders to harness hydro power, etc....
A person could say that these recycled ventures were just stupid and that they didn't do any research before starting them. However, if you look at a potentially darker scenario, you could speculate that since Mr. Stanton and his colleagues seem to have gotten rich without ever producing any profits in their companies, ripping off shareholders might be his schtick.
Looks like EarthFirst is up over 100% to $0.10 since that 'message to shareholders.' Volume picked up quite a bit. SSTP is up a bit too.
Whether these get pumped up to a really good price or not, it's good to not become a long-term shareholder believing in their story. There were too many bagholders who got left in the dust with Stanton's companies.
Giff:
I agree with some of what you post.....but much I do not.... IMO, the person who has harmed Mr Santon's reputation the most is Mr Stanton......he has a long history of not delivering, and making it about as confusing as possible to understand who owns what in his intertwinded plethora of Cos and associations (there are many examples, but a few you are probably familiar with: remember the IHDR license payment for CAVD, and the bewilderment over who received it????.....the two USSEs???....the mysterious shift of CAVD to USSE because JR owns the CATALYST, which I thought was the C in C-A-V-D)......its not like there has just been one strikeout here, there is a LONG HISTORY of many expectations, and little concrete (pun) rewards for shareholders......unless you traded the stocks.......then there is always the chance a CYBR-like situation could happen, where you can't even do that, but must hope the promise that shareholders will be taken care eventually (or maybe their heirs, at the time-frames typical of Stanton and Cos)......
Then there was the non-merger and non-reverse of EFTI, which shareholders were anticipating for HOW LONG, then zip, nada....except for the accomplishment of tanking the stock price while-you-were-waiting.....
I won't even begin to start with the dilution pollution of shareholders net worth......and who usually benefits from this.....along with the money-circle loans and debt....
Today, he cancels the CC for another week.....which immediately sets off alarm bells in my head....
And yes, this Pissed me off big time to once again wait with my #### in my hand waiting for JS to tell me something at a schedule HE has touted....obviously, I would not be so angry if behavior like this was unique, but it is more the rule than th exception.....ask EFTI shareholders about the joke of the "alternate Friday" updates.....
I can't speak for ALL JS Cos, but EFTI is supposed to be the flagship......
Nice post giff. Agree.
Giff wasn't gonna post over here anymore...but noticed it's still around...
First, you can visit the OSSG and EFTI boards for that chart posted in the box. I'm requesting Matt to remove it from here.
I did request this board be shut down, but apparently I lost that argument.
The title of this board is unfair to Mr. Stanton. In fact, I consider this libel because this is a falsehood that is harming Mr. Stanton’s reputation and his company shareholders.
I'm not paid by Mr. Stanton, nor anyone related in anyway to any of Mr. Stanton's companies. I'm offended by the IBOx lie that I am paid. THe USSE board mod is paid and admits that fact. YOu can visit any other Stanton board and comment without deletion.
Some of the comments in that box are flat-out stupied! What is the purpose of a public company? A cheap form of financing to start or grow a business. Mr. Stanton funds these companies with cash and receives equity. In a few cases, they choose to use convertible debentures. When your trying finance your company to grow you always are going to put the best light on the product. Have you ever heard of a company CEO saying... "Well dog gonnit... We ain't sure this juice gonna be made cause this be da first machine every built! So just go on out there a pick up a few of them shares ta so when can welder together!"
In these high risk businesses, things don't always go as planned. It's just flat wrong to go around calling someone a scammer!
True, Mr. Stanton has had a dry spell, now go over to the OSSG board and fill out the survey... We all can have a good ole talk after the 1st!
http://www.investorshub.com/boards/board.asp?board_id=6974
The way I understood it was that CYBR was a shell for USSE to trade. Then CYBR went up in smoke. So now according to Mr. Rivera, those share holders would be compensated somehow. When though, nobody knows.
Thank you. That's about how I had figured it.
The EFTI EME acquisition proved to be profitable, for the most part, in terms of actual revenue and cash influx.....but the dilution that followed was abysmal......
As far as making money on JS and JR, IMO, the best way is to trade them, like almost all OTCBB and Pinks......I don't think JS and JR have a monopoly on this type of over-the-counter behavior.....one positive thing though, unlike most of these penny stocks, EFTI has a positive shareholder equity, which is almost unheard of for an OTCBB or Pinky.....
PS: See I-hub "The Dissent" board where I posted examples of some of JR's (purported) posts made on Raging Bull......
I hope this helps....
I've been wonderng about that deal with JR and CYBR. Discussion of the topic is limited on the USSE board. Ancient history, irrelevant, blah blah. If it's on-topic to this Stanton board, I'd like to know more. Can you share or provide a link? I don't really care much whether Stanton is a pump-and-dumper; I just assume that he is, having been involved in that many penny stock promotions. In fact, it's difficult to imagine a scenario in which he is not in the business of fleecing the investors in the companies he's involved in. Has any of his ventures actually made any money any other way?
"""We all know your paid by nuclear energy to bash USSE/SSTP so give it up."""
You sure are quick on the trigger to make accusations about a person, with no evidence.....and you call yourself "Support USA Now", but act about as Un-American as they come, with comments like that, and you eagerness to squash freedom of speech....here, read this when you get a chance, since you act like a hypocritical zealot:
http://en.wikipedia.org/wiki/First_Amendment_to_the_United_States_Constitution
PS: Ask the folks on the USSE board about JR and CYBR, if you have the smalls......then see if your post is deleted by selective use of the "off topic" excuse......
You and your kind disgust me, especially with the use of Patriotism and Religion as a casual tool for financial gain, while breaking the rules that these concepts represent....GOD BLESS USSE and SSTP???....SHAME on you!!!!!
From the I-hub USSE board
Posted by: Support USA Now
In reply to: None Date:2/22/2007 10:20:46 PM
Post #of 30862
Gentlemen,
I just got out on bond. I see you guys had fun today.
God Bless America!
God Bless USSE/SSTP!
PP, that filing was on behalf of Laurus fund and it was an amendment of a previous filing. The 75 million was filed for long ago and then updated as the shares were issued. This last filing was clearing the last 34 million. No prize for this but it wipes out the last of the toxic funding.
EarthFirst may also be another interesting situation. John Stanton recently issued an upbeat 'message to Eathrfirst shareholders.' However not even month earlier he also filed to sell 75,679,135 common shares. To me that sounds a bit like a hunter blowing on a duck whistle trying to get ducks to fly in. The ducks don't seem to have come into view yet but with that much ammo loaded, a few shareholders might lose a lot of their feathers.
Potential interesting situation...
Mr. Davis at Maximus Communications, a company set up to promote USSE, just posted this today:
http://www.investorshub.com/boards/read_msg.asp?message_id=17365134
SPC (Sustainable Power Corp) is SSTP[.pk], a company which was recently conjured up out of thin air by USSE and which supposedly will be building plants to run off USSE's fuel. It's unclear whether SSTP has any assets at all at this time. Currently USSE shareholders were promised one share of SSTP for every share of USSE they own but apparently USSE shareholders haven't received shares yet. The number of trading shares are currently much, much lower than they will be once USSE shareholders get their SSTP shares.
Given the situation, it's possible that USSE will be trying to pump SSTP shortly--although Mr. Davis isn't usually very reliable. Undoubtedly it's in USSE's best interest to keep the SSTP share price high so it stays higher longer. SSTP may be the next candidate for a press release pumping campaign.
Yea right who you kidding.
I previously worked in nuclear power and was a management consultant for a nuclear utility for a while. Currently I have no ties to any utility and I'm certainly not being paid to post.
There was a time when I would have thought it would be just conspiracy theory that any company would pay anyone to post but then I see on the USSE board that the moderator got over $20,000 worth of restricted stock from the company just to be the moderator. I don't know why that would be considered a good use of shareholders' money if the company was genuinely trying to move their process toward commercialization.
We all know your paid by nuclear energy to bash USSE/SSTP so give it up.
Re:<You must be kidding, get a life! USSE/SSTP is 100% legit.>
Really?!?
Let's recap USSE's situation...
- USSE's statement of value is that they can get five gallons of BIOFUEL from a bushel of soybeans where everyone else can only get 1.5 gallons of BIODIESEL. A statement which says absolutely nothing. Company refuses to make direct statements of the viability of the fuel as diesel.
- USSE faked having an agreement with Oppenheimer for financing late last year.
- Claimed that Turnkey, the company headed by Mr. Davis, was the joint venture partner of Pratt & Whitney. P&W denied any relationship with Turnkey whatsoever
- Said revenues would come in eight to ten weeks--that was stated in October.
- Pays the moderator to keep the IHub USSE board to minimize negativity (moderator got 100,000 restricted shares justfor being a moderator per his own admission.)
- claims products from their pyrolysis-type process totaling about 950,000 BTU from a bushel of soybeans. A standard bushel of soybeans only contains 534,000 BTU to start. Violates conservation of energy law if true.
- Company spokesperson who also posts on USSE board refuses to answer why they claim more BTU's from a bushel of soybeans than is physically possible.
- Company claims to be focusing on electrical power production but, per e-mail with company spokesperson, the company has done no empirical testing to determine how much electrical or mechanical energy can be obtained from a bushel of soybeans.
- Even though the company can't even tell anyone how much electrical energy can be obtained from a bushel of soybeans, they claim to have potential customers inundating them with interest and USSE claims to be considering building large power plants to run off their fuel--a step which fools many shareholders into believing they already have a commercially viable product.
For SSTP, they were conjured out of thin air by USSE and the company doesn't indicate there are any assets whatsoever in SSTP. SSTP is trading at $0.21 and will have at least as many shares as USSE since the dividend is supposed to be 1 for 1. That makes a market cap of about $140,000,000 for a company which doesn't seem to have any assets. When those dividend shares start trading, SSTP will probably take a tumble.
You must be kidding, get a life! USSE/SSTP is 100% legit. What oil or nuclear company is paying you?
Giff:
It says "Scams?".....but I agree that's a little harsh....
BTW, how do you feel about what JS did to us with the EFTI Caste-crete non-merger.....as far as I can see, the only result of it was tanking the stock price while like 9 months of limbo took place.......all for something that never took place....
Hey Murphy89...
just make post on each company.. good and bad...
To title this board as "Scam" is unprofessional.
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Multi-CEO John Stanton appears to have ties with a large number of companies. These companies include or may include EFTI[.ob] (update: defunct), OSSG[.pk] (update: now GRWT[.pk]), NNBP[.ob], USSE[.pk], SSTP[.pk], RENW[.ob], GSNH[.pk] (update: now DVAR[.pk]), IWDM[.pk], CYBR[.pk], USEI[.ob], ACMG[.pk], GRLY[.ob], NCSH[.ob] (update: now PGXC[.pk]), JMCP[.ob], ONYI.[ob], VTBD.[ob] (update: now REER[.pk]), (update 1/11/09) GETG[.pk] and (update 8/14/09) BLVT[.pk]. These companies have been notorious for destroying shareholder wealth but seem to keep investors' appetites whetted by putting out a continuous stream of press releases announcing deals and events but which most often never come to fruition.
This may not be a complete list of companies related to John Stanton. There also appear to be associations of various forms between all of these companies.
An article also recently appeared in Forbes regarding some the members of this group of companies. The article can be found at...
http://www.forbes.com/free_forbes/2007/0226/078.html
These companies often (but not always) focus on the socially-appealing "Renewable Energy" sector and tend to spend the vast bulk of their time on pushing the stock of their companies through press releases and promotion agencies such as Redwood Consultants, LLC. While most of these companies indicate that they are close to production, none ever seem to provide any indication that they even have a commercially viable product, few have shown any revenues whatsoever and all are operating significantly in the red. Funding appears to historically have been exclusively from shareholders. Of those that file with the SEC, the reports show that millions of dollars find their way out the door and all these companies seem plagued with setbacks which for various reasons stop them from making any progress toward becoming commercial.
The two exceptions to no revenues is Earthfirst (EFTI) and U. S. Energy Initiatives (USEI). However EFTI generated substantially all of its revenues as an electrical contractor, not through the renewable energy concept it heavily pushes. Likewise, U.S. Energy Initiatives seems to try to market itself as a company providing dual-fuel hybrid conversion kits for diesel engines but substantially all of its revenues seem to be derived from prototyping and designing electronic components. Both of these companies operate at continuous losses despite the revenue contribution of non-core business segments.
Here is a synopsis of some of these companies:
EarthFirst (EFTI.OB}
CEO: John D. Stanton
-604,010,294 shares outstanding, current price $0.10. (Update 8/3/08 current price is $0.003, recently moved to the pink sheets)
-Pushes "Catalytic Activated Vacuum Distillation" or C.A.V.D.
-Tried unsuccessfully for many years to use CAVD to render used tires into useful materials. Still unsuccessful. Currently trying to market a palm oil based biodiesel.
-Formerly Toups Technology, previous shareholders lost the bulk of their money.
-Accumulated Deficit - $71,470,920 (total losses since inception)
Nanobac Pharmaceuticals Inc. (NNBP.OB)
CEO: John D. Stanton
-Attempts to research nanobacteria.
-Hired WallStreetResearch for a research report on Nanobac
9/11/06. $0.10. 12 month target $0.91. Currently: $0.09. (Update 8/3/08 price is $0.017)
-WallStreetResearch used market capitalization prices of companies worth 3 to 7 times Nanobac to estimate Nanobac?s value. The report states the basis for their comparisons in valuing NNBP at $0.91: "All three firms listed in the 'Comp' table are publicly-traded comparables to Nanobac, in that they are all development-stage biopharmaceutical company focused on research and development, reporting recurring losses. Like Nanobac, they also have existing and pending patent applications as well as collaboration agreements with major partners. This is where the similarities end."
- Accumulated Deficit: $20,490,865
IOWorldMedia Inc. (IWDM.PK)
CEO: John D. Stanton
-WallStreetResearch Report 11/8/2006. Price: $0.80. 12-mo target: $2.28. Currently: $0.19. (update 8/3/08 price is $0.038)
-For valuation 'comparables' to estimate IWDM's worth, WallStreetResources used eight other companies as comparisons. Five of these eight companies were Google, Yahoo, Clear Channel Communications, XM Radio and Sirius Radio.
Accumulated Deficit - Non-reporting company.
U. S. Sustainable Energy (USSE.PK)
-CEO John Rivera has significant history with John Stanton.
-John Stanton and John Rivera together own 500 million of the 644 million shares outstanding.
-Company appears to have little in the way of assets other than a 'tube' for what appears to be simply for pyrolysis.
-Mr. Rivera has been working on this concept for at least eight years. Previously he ran an unsuccessful development-stage company called GWE Systems which had the same concept but pyrolyzed waste tires instead of the soybeans he's currently trying to profitably process.
-Got listed on pink sheets by reverse merging with defunct Laforza Automobiles
-Tried to reverse merge with CyberCare but failed. CyberCare shareholders lost all value. Company promised to compensate CyberCare shareholders in terms given with attempted reverse merger with Global Realty but that also failed and finally the company reverse merged with Laforza. CYBR shareholders are 'hopeful' of some compensation. USSE is now planning to reverse merge with Diversified Ethanol (ONYI.OB) to get off the pink sheets. Update: Reverse merger with ONYI.OB failed.
-Hired WallStreetResources to write report. 11/6/06. Price then: $0.42. 12 month estimate: $5.55. Current: $0.20. (update 8/3/08, price is $0.009. CEO John H. Rivera recently received SEC action, complaint for alleged fraud.)
Accumulated Deficit - Too early and company doesn't report.
Sustainable Power Corporation (SSTP.PK).
-500 million shares will be owned by John Stanton and John Rivera when share dividend from USSE paid.
-Created and spun off by USSE. No identifiable assets but market cap purported to be at least $150,000,000 based on the addition of 644,000,000 shares from USSE dividend.
-USSE shareholders are expecting their dividend but currently can only buy SSTP shares on the market. Update: May 2007, SSTP dividend fell through and USSE decided to do a 2:1 split instead to 'compensate' shareholders.
- Accumulated Deficit - Company doesn't report
(Update 8/3/08. Current price $0.029. Controlling shareholder John H. Rivera recently received SEC action, complaint for alleged fraud)
Renewable Energy Resources, Inc. (RENW.OB) (Update: Changed to NGRN.OB, Craig Huffman is the CEO again).
CEO: Kenneth Brown, formerly Craig Huffman
-Appears to have ties to John Stanton
-Company paid EarthFirst (CEO: John Stanton) $100,000 for partial payment of a C.A.V.D. license but never proceeded with anything related.
-Former CEO stepped down, replaced by new CEO coming from EarthFirst.
-Company pushes a "low-impact hydro" unit which is basically a piston-driven machine which runs on water pressure.
-Routinely announces forward-looking press releases which invariably fail to happen. Has been working on concept for six years and currently has no product produced.
-Accumulated Deficit - $13,011,411
-Update: April 2007, company put in their 10-KSB that they are once again moving production back. This time to the second half of 2007 for the production of the initial ten units.
-Update: Aug 3, 2008. Company recently changed it's name to NGRN.PK and did a 1-for-30 reverse split. Stock is trading at $0.16.
-Update: Jan 11, 2009. Company recently purchased C.A.V.D license and resumed putting out press releases again after a lengthy hiatus.
Bulova Techologies.
- Linked to John Stanton
John D. Stanton is also the CEO of Online Sales Strategies, Inc. (OSSG.PK) and private companies, Pangea Ultima and Cast-Crete.
March 6, 2007: John Stanton transferred some of his share holdings from OSSG to another entity--VitalTrust (VTBD[.ob]). The assets transferred were as follows:
Trading Symbol ... Number of Shares ... March 5, 2007 Value
EFTI ... 120,000,000 ... $13,200,000
NNBP ... 20,000,000 ..... 1,800,000
USEI ... 20,000,000 ..... 1,700,000
USSE ... 225,000,000 .... 47,250,000
SSTP ... 225,000,000 .... 49,500,000 **
NCSH ... 36,000,000 ..... 24,120,000
** (update 8/14/09) SSTP shares were based on spin off of SSTP shares announced by USSE. The spin off never happened.
Updated:
Trading Symbol ... Number of Shares ... March 5, 2007 Value ........ May 2008 value ..........................Jan 11, 2009 value of those original shares
EFTI ........ 120,000,000 ........ $13,200,000 ....... Defunct (-100%) .............................................................defunct (-100%)
NNBP ........ 20,000,000 .......... $1,800,000........ $500,000 (-72%) (now NNBPE.OB) ..........................$120,000 (-93.3%)
USEI ........ 20,000,000 .......... $1,700,000 ....... $40,000 (-97.6%) ............................................................$10,000(-99.41%)
USSE ........ 225,000,000 ......... $47,250,000 ....... $4,050,000 (-91.4%) ................................................$1,125,000(-97.62%)
SSTP ........ 225,000,000 ......... $49,500,000 ....... $6,750,000 (-86.4%) .................................................$6,525,000(-86.82%) (Update 8/14/09, these don't exist as the USSE spin off of SSTP shares never happened as announced by USSE.)
NCSH ........ 36,000,000 .......... 24,120,000 ........ $741,176 (-96.9%) (name change to PGXC.PK and 1-for-17 reverse split) ....$14,824(-99.94%)
The total value of these holdings based on the share price is $137,570,000. Much of this 'value' is tied up in USSE and SSTP. USSE's only assets appear to be a pyrolysis reactor tube (to heat material and condense vapors). SSTP, which was recently created and spun off by USSE (update, SSTP spin off failed), doesn't appear to have any identifiable assets at all. The share price leading to SSTP's extraordinarily large market cap seems to be simply a function of a very small float. The assets in SSTP shares transferred to VTBD are also valued based on the share price even though the bulk of shares aren't in the float. (Update 8/3/08. VTBD has recently changed its name to Renewable Energy Resources (REER) and currently has a price of $0.01, down from $0.16 at Mar 6, 2007)
(update 1/11/09)Relatively new on scene: ... Jan 11, 2009 value .... Aug 14,2009
REER[.PK] ............$0.031 (was VTBD) ...................................................$0.0045
PGXC[.PK].............$0.007 (was NCSH) ..................................................$0.01
NGRN[.OB]............$0.063 (was IHDR) ....................................................$0.023
GETG[.PK].............$0.92 .............................................................................$0.22
BLVT[.PK] (New add) ..................................................................................$0.45
Jan 11, 2009 NGRN (originally IHDR then RENW then RWER now NGRN) did a 30-1 reverse in 2008.
This also should spawn a list of some of the people involved. Note: Only a court of law should determine fraud. But if the people in this list show up somewhere on a stock you own, it might be worth a little caution as these people have demonstrated an uncanny ability in consistently destroying shareholder wealth:
John D. Stanton
Alexander H. Edwards III
Jens Dalsgaard
Dr. Matthew Zuckerman
Craig Huffman
James Thomas, Esq.
John H. Rivera
(Update 1/19/09. On Nov 26, 2008, Renew Energy Resources (REER) received a cease and desist order from SEC. http://idea.sec.gov/litigation/admin/2008/33-8986.pdf )
(Update 8/14/09. New Green Technologies (NGRN.OB) announced CEO Craig Huffman and director James Thomas were stepping down. George Ring is the new CEO and John Stanton himself became a director.)
This board was set up to discuss this group of companies associated with John Stanton and whether or not any of them have any merit other than momentum plays when they start their PR campaigns. It is difficult to talk about the relationships between John Stanton and these companies individually and in some cases the moderators of the individual boards are paid by the company involved to keep the board free from negativity.
This board will be unmoderated so positive and negative opinions alike will be allowed. The philosophy behind this is that readers can form their own opinions from what they read and don't need to be protected by a moderator. Adverse opinions can be refuted by other posters. Most on these boards are adults and are expected to act that way without supervision.
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