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another CEO issue: couldn't pay back shareholders and was in another violation of failing to disclose risks https://portal.ct.gov/DOB/Enforcement/Securities-Orders-2/Tirex-Corp--Threshie-John--Consent-Order
current CEO charged with securities fraud 5 years ago: https://www.sec.gov/litigation/litreleases/2016/lr23707.htm
what matters not how old the article is but how around those involved are still there.
Like if someone commits a crime 40 years ago of grand theft, will you give that person money? There's a risk that they would still steal.
Someone - anyone tell if the people involved are still around?
Yes it’s old news but shows how much fraudulent activity was happening with this company and the CEO got away with it.
Not sure what’s going on now, but looks like that article was written over twenty years ago...
tirex accused of fraud https://www.tirebusiness.com/article/20000410/NEWS/304109972/tirex-accused-of-fraud
just do no one else buys this jankiness
Nice find. They are looking for credit and in 2020 their revenue was $28K
For everyone thinking that there hasn't been anything happening for many years, they did file a duns number in May 2020 https://sec.report/CIK/Search/TXMC
What happened to this stock price?? I was hoping for a nice run up.
Also9 found this ...
https://rucothel.com/
Also9 found this ...
https://rucothel.com/
This is what I found ...
https://www.rubbernews.com/assets/PDF/RN86420218.pdf
This is what I have found so far.
https://www.recyclingproductnews.com/article/35819/michelin-begins-construction-of-its-first-ever-tire-recycling-plant
And this
https://www.globenewswire.com/news-release/2020/02/20/1987970/0/en/Outlook-into-the-Global-Tire-Recycling-Downstream-Products-Market-to-2028.html
Has there been a change in leadership or what. If they can turn crumb rubber into powder it can be mixed in asphalt. This will make asphalt last longer because it can expand and contracts. Looking for feedback.
This one moves on air. Think she’s just getting primed & ready. GLTA!
It’s been at .0001 for years and last 60 days or so it’s got legs. lol
Do you know who’s buy this stock? I don’t have access to level 2 trades
so they jump up and buy .0008 and .0009 when there are .0006's there?
I have no idea but I like it. I’ve been holding this stock for quite sometime now.
Someone please tell me what is going on.
High volume today. Who’s buying??
Is the 2 billion OS figure accurate? Anyone know?
Good possibility - wouldn’t surprise me one bit. This sleeping Giant could wake up w/a bit of news or NONE. But slow accumulation off of no news doesn’t usually lie. Time will tell ...
Perhaps someone is planning to buy the shell for a merger?
This one is starting to intrigue me. 3s continue to get hit, but nothing to see here, lol
Tirex-mrp.com
What’s with MRP? Use to be TCS.
The only thing that changes with this company is its website name.
you had my heart beating a little
The last post that I made was wrong, I stand corrected
Rumors tirex has been brought by lehigh tech.
Has anyone receive back their money from John according to SEC John was order to pay back everyone. I'am referring back to the post back to December 2019 waiting for feedback.
How would it benefit us as shareholders to hold on to this if action is being takin' against John? Class action law suit? Also, don't understand the steady volume of 2s/3's being hit if this stock is actually dead in the water. TD Ameritrade has this at no bid when that's not the case. Seems like someone knows something...
No will not sell this mess because of pending actions against John and company with SEC. Read the the post back in December 2019. just wait
Looks like a good time to get out if you want out, IMO. 3's getting hit. Someone slowly accumulating cheapies. I'll take some 1s and 2s if nobody wants them. Jus' sayin'...
I never receive my money back from John. Everybody was to receive back according to SEC. I like to receive feedback from others about this
Just someone throwing money away. A fool don't know anything. It remind me of myself 30 years ago. $12,000 I wish I had it back.
no way some random ass bought that
A new sucker is born every day. Sad, I trusted them.
Why is tirex still trading with no future
Why is tirex still trading with no future
A Wilton man who raised more than $580,000 by selling penny stocks over 10 years in a company that never sold a product has agreed to pay more than $770,000 in reparations and fines for selling unregistered securities, the Securities and Exchange Commission announced Thursday.
The SEC filed charges against John L. Threshie, Jr. on Wednesday in federal court because he spent years selling stocks without the oversight of SEC regulators.
While private companies are allowed to sell stocks to "sophisticated" investors, who have a net worth of at least $2.5 million or earn more than $125,000, the SEC said Threshie did not inquire about his approximately 100 investors' financial status.
Threshie is CEO of Tirex, which developed a tire recycling technology that freezes scrap tires and breaks them apart into rubber crumb, steel wire and fiber.
[Business] Developer must invest $5M in 15-story office tower under tax-fixing agreement approved by Hartford council »
The complaint said that Threshie is the only full-time employee of Tirex, and has been the president and CEO since 1999.
"Despite having attempted to sell or license the TCS system since at least 1993, Tirex has never built or operated a commercial TCS system and has never successfully monetized its technology. It no longer has any functioning equipment or other tangible assets and is in extremely poor financial condition," the SEC said.
But the regulators said Threshie regularly emailed investors with progress reports, saying that Brazil was close to signing a contract, for instance.
The SEC suspended trading in Tirex securities on November 12, 2015.
Threshie also agreed he'd never sell penny stocks again, and that he would not solicit investments in Tirex without providing a copy of the complaint the SEC filed and the judgment against him.
Threshie's fine is the amount he collected from investors, interest, and a civil penalty of $50,000.
https://webcache.googleusercontent.com/search?q=cache:nD_UjBye2GAJ:https://www.courant.com/business/hc-sec-fine-tirex-20161222-story.html+&cd=1&hl=en&ct=clnk&gl=us&client=safari
John is retire so why do you think tirex will never go anywhere I've been with this stock for 30 years and the only reason I don't sell it is to serve as a reminder never to buy another penny stock in the future. John started this process in 1987 so he to old to do anything.
John is retire so why do you think tirex will never go anywhere I've been with this stock for 30 years and the only reason I don't sell it is to serve as a reminder never to buy another penny stock in the future. John started this process in 1987 so he to old to do anything.
Has anyone been able to get filled at .0001? Interesting how someone was slapping it at .0004 (several mill in volume) a few weeks ago and Td ameritrade currently has it at no bid.
www.lehightechnologies.com
Guys, I'm at a loss. Why would someone buy a million shares of txmc..I feel we are on the verge of something great..Help me out give me some insight.
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300million scrap tire = 6Billion Gallons of OIL link
Video Add below:
22 Gallon of oil to make one tire
• Burning is wasteful of resources. It requires approximately 22 gallons of oil to make one tire (http://www.govlink.org/nwpsc/tires.htm). If we scrap 300 million tires per year in North America, this means 6,600,000,000 gallons of oil. This is about 150 million barrels of crude which at, say US$20 per barrel translates to US$3 billion per year (old figure $20/barrel we are going to $100/barrel).
http://www.tirex-tcs.com/enviro.htm
(Here is where gets interesting, the shredded tire has to have high quality to meet the standard to be used as fuel and here is where TXMC comes into play their technology has been designed for this separating the metal and creating the quality needed.)
http://www.tirex-tcs.com/competition.htm
Picture from website:
Microwave turns Tires into Oil Video
After the metal has been separated the product can be turned into oil/gas by a microwave system that can be added to the TCS system by Tirex (which uses cold air "FREE", doesn't use liquid nitrogen which is what is being used now and it is very expensive) .
http://www.youtube.com/watch?v=RJYa42zYZ2I&feature=player_detailpage
Click Here for Press Release Tirex has developed and owns the technology that is a U.S. and Canadian patented, semi-cryogenic tire recycling process, known as the TCS System. It is environmentally friendly, economically viable (even without tipping fees), and reduces scrap tires into -5 to -30 mesh (or finer) clean crumb rubber with a uniquely smooth morphology and saleable, intact steel wire and fiber. Tirex's proprietary process, that doesn't use liquid nitrogen, freezes the rubber and then passes it through it's patented "fracturing mill" which "breaks" the rubber apart, instead of cutting it, exposing the whole strands of steel and fiber, and leaving a value added crumb rubber, we call RutexTM, that is best suited for extrusion molding recycled rubber products and higher end performance surfaces. Tirex's full scale TCS prototype was accredited in 2001 by Recycle Quebec. In 2002 Tirex awarded Simpro S.p.A., an internationally certified high tech manufacturer and supplier, with a license agreement to exclusively manufacture the TCS technology and nonexclusive marketing rights. Tirex and Simpro welcome all governments, companies and investors interested in our business of bringing to market what we believe is the most economically viable and environmentally friendly tire recycling process in the industry. http://www.simpro.it/home.php?argid=49&pagid=18?=en Article on Tirex by The Connecticut Post Safe Harbor Statement: Certain statements made in this release may contain language describing the plans, goals, strategies, intentions, forecasts and expectations of The Tirex Corporation that may be referred to as "forward-looking statements." Several important factors could cause actual results to differ materially from those in such forward-looking statements, and Tirex could encounter unanticipated obstacles and delays in developing products, service offerings and markets. |
![]() | Rubber, steel and fibre coming out of the fracturing mill on its way for separation. |
20-30 mesh Crumb Rubber | ![]() |
![]() CLICK ON THESE TWO VIDEOS SEPARATELY TO VIEW: 1. Video of The TCS prototype in operation (If you have a slow internet connection, you may prefer to right click on link and save for viewing later) |
Company Overview:
The Tirex Corporation (TXMC) is engaged in the business of developing for sale, license or lease an environmentally safe patented "turn key" cryogenic tire recycling system, known as the "TCS System" The TCS System was designed and developed by us and separates tires into clean and saleable rubber crumb, steel wire, and fiber. The Company was incorporated in Delaware on August 19, 1987 under the name "Concord Enterprises, Inc." The Company's name was changed to "Stopwatch Inc." on June 20, 1989 and to "Tirex America Inc." on March 10, 1993. On July 11, 1997, the Company's name was changed to "The Tirex Corporation". Since 1993, our core business has been to develop and to initiate marketing efforts by sale or license of an environmentally friendly cryogenic tire recycling system, which we intend to sell to recycling companies and governmental agencies to enable them to recycle tires. We have devoted much of our earlier efforts to completing the design and development of our first production model and raising the financing required to do so, but for the last four years, our efforts have turned to marketing. The Company has generated only very limited revenues from operations and is still in the development stage.
The TCS-System (as copied from Simpro S.p.A.'s web site)
Simpro also means ecology. An example is the industrialization of this plant, capable of recycling rubber from used tires, by separating the former from both steel and fiber of the structure.
Doing this, the steel can be reused in foundries, the fiber returns to the textile industry, whereas the high-purity rubber is shredded into multi-sized rubber, according to the intended use: the preparation of bitumen for asphalting streets (so as to reduce the noise level), as well as the rubber industry (as processable raw material), are the major applications. The technique is based on the very-low-temperature cooling (through refrigerated air and without using nitrogen) of tire parts previously shredded, which, once they have become crystalline due to the cold, are fractured by a special-purpose mill. After this, a system of vibrating sieves, together with electromagnets, separates rubber, steel and fiber. At the end of the line, one or more mills, depending on the plant capability, pulverize the rubber into the wanted size.
There are different versions of this plant, according to the number of tires to be treated. The systems, in any case, are custom-made according to the customer's requirements.
The plant is turnkey supplied and complies with the law in force within the Country in which it is installed. Simpro offers, also for this kind of plants, a complete after-sales service, including the training of the involved personnel, the periodical maintenance, if required by the customer, as well as an emergency service in case of failure or breakdown.
http://www.simpro.it/home.php?argid=49&pagid=18?=en
http://www.simpro.it/admin/upload/documento/20050329_100859_schedaverde.pdf
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TCS System vs competing technologies
- Ambient technologies tend to produce coarser crumb rubber, lower rubber yields as well as higher rubber contamination levels. This translates into lower revenues generated per tire processed. - Ambient technologies require extensive equipment to shred, cut and granulate tires which involves very significant maintenance costs and down time (frequent knife and blade sharpening and replacement, for instance). - Ambient systems generate high energy costs
- Tirex cryogenic competitors need to freeze tires with very expensive liquid nitrogen. - Tirex has proven that to produce crumb rubber cryogenically, all that is needed is to freeze rubber below its "glass point", i.e. the temperature under which rubber can be shattered like glass. Any additional cooling translates into costly wasted cooling energy. - The most important difference between Tirex cold air based system and liquid nitrogen is the very cost of liquid nitrogen, which is 2 to 3 times more expensive than cold air. In addition, liquid nitrogen is not readily available everywhere in the world (contrary to air !)
TCS Technology advantages in a nutshell
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![]() POLITECNICO DI TORINO DIPARTIMENTO DI GEORISORSE E TERRITORIO To kind attn.: Mr. Mauro Gallo Rosso Simpro S.p.A. Via Torino 446/A 10032 Brandizzo (TO) Turin, 31st October 2003 Re.: "Theoretical certification of the Cryogenic Tire Disintegration Process US Patent No. 5,735,471" In comparison with other disintegration processes, the innovations of the Cryogenic Tire Disintegration Process, US Patent No. 5,735,471, are: · Conventional cryogenic systems make use of chemicals for freezing the tires, firstly shredded by means of blades and then subject to a further disintegration phase within a hammer mill. Through this operation, rubber, but also steel, are pulverized, fibers are chopped up to such a size that the sieves get clogged and the rubber is trapped. Maintenance costs and energy consumption of the hammer mill are high because the system, besides the rubber, also disintegrates the steel which, being in such conditions, does not have any economic value. The fluff separation requires an air suction system able to remove also 15% of the crumb rubber. Liquid nitrogen or other chemicals are very expensive and dangerous when stored and used. · Room-temperature shredding systems require cutting and grinding systems. In such conditions the energy consumption is very high, as well as the investment costs needed for the machinery. Through this solution, rubber, but also steel, are pulverized, fibers are chopped up to such a size that the sieves get clogged and the rubber is trapped. Maintenance costs and energy consumption of the hammer mill are high because the system, besides the rubber, also disintegrates the steel which, being in such conditions, does not have any economic value. The fluff separation requires an air suction system able to remove also 15% of the crumb rubber. The crumb rubber being obtained is generally a very bad quality product. · The cryogenic tire disintegration process, US Patent No. 5,735,471, consists of 2 parallel lines (one for the tire sides, one for the treads) equipped with a cryogenic chamber, cooled at -90°F through cold air at -170°F, in which is a fracturing mill (subject matter of the patent) made up of two contra-rotating cylinders supplied with projections which enable a selective rubber fracturing by leaving the steel and fiber sizes basically unchanged. Therefore this solution generates a remarkable energy saving, a high-quality and high-output crumb rubber and makes the steel saleable, as it is not disintegrated during the shredding operation. The Geo-Resources and Territory Department of the Polytechnic of Turin intends to perform some tests on a pilot system which is going to be manufactured at Simpro S.p.A. in order to assess the quality of the products being obtained and to assign a corresponding market value. In consideration of the installed technology, in any case, the separation of the three different phases - rubber, steel and fiber - is certainly optimized, thus obtaining products with a better quality in comparison with the ones existing on the market. Such theoretical analysis is furtherly confirmed by some documents (LBHA Inc. and Xerus Inc., see enclosure), certifying the quality of the rubber produced through the cryogenic tire disintegration process, US Patent No. 5,735,471, by a pilot system of Tirex Corporation located in Quebec, Canada. On behalf of the Polytechnic of Turin, Geo-Resources and Territory Department Prof. Mariachiara Zanetti Prof. Giuseppe Genon |
Importance of the Patent. Breakthrough patents, which explore whole new areas of technology, or are the first to find answers to long-standing problems, are the most valuable. Examples of such patents are Edison's light bulb, Benz's automobile engine, Cohen's polymerase chain reaction (PCR) patent, the first photocopier, or possibly an invention yet to come, such as a definitive cure for AIDS. In these cases, the patents would be so innovative that they give the owner a complete monopoly over an entire industry and are extremely valuable, often worth billions of dollars. Although most patents never reach these heady heights they are nevertheless valuable in that they can force a competitor to start innovating to keep pace with new and improved technologies and products in the market, or conversely to a license from a patent owner who has will to do so. Incremental patents, which make only small advances over existing products, are usually the least valuable though this may not be always so. A question that is often asked in relation to an incremental or breakthrough patent when endeavoring to put a price on it is 'How much would my competitors pay to use my protected product or process?'
20-year potential monopoly. Patents that are just beginning their life and which have longer to run on the their potential monopoly position understandably will have more value. It is rare that a patent nearing the end of its term will cause a great threat to its competitors. It is almost certain that they will have devised technologies or products of their own by then that will not interfere with the patent owners monopoly position. In addition, one has to take into consideration the potential business life of a patent, i.e., the duration which a patent is likely to be economically useful, if other subsequent patents are providing better alternatives to it.
Patent Significance. Every patent has its own significance in a particular area and will usually form part of an overall IP strategy either to maximize its earning potential or to allow other patents to maximize theirs. Examples of such patents are those that are used to block other key players from gaining a foothold in a market. Yet other examples are those patents that are additional to an original patent and rely on the protected matter in the original patent to successfully operate. It not uncommon for drug companies or telecom companies to take out further patents protecting a strong first generation of patents, thus securing a big chunk of a market and the ability to negotiate licenses and royalties from the protected, but much desired technology.
http://www.wipo.int/sme/en/documents/valuing_patents.htm
__________________________________________________________________________________________________________________________________________________________________________________________
Tirex Employees:
The management structure of Tirex continues to reflect the focus of the Company, to wit, a provider of advanced technologies to the environmental protection and remediation sector chain. As the Company progresses through the various stages of vertical integration, key personnel will be added with expertise in those functions which are not yet part of the current managerial requirement.
John L. Threshie, Jr., President, Chief Executive Officer and Chairman of the Board
Common Shares Outstanding:
Market Value1 | $761,400 | a/o Feb 18, 2011 |
Shares Outstanding | 2,233,499,756 | a/o Mar 01, 2011 |
Float | 1,008,296,487 | a/o Mar 01, 2011 |
Authorized Shares | 2,500,000,000 | a/o Mar 01, 2011 |
Par Value | 0.001 |
Share Structure A/O 03/01/2011
2,233,499,756 Outstanding
- All directors and officers as a group (4 persons) 225,203,269 15.48% (10K 03/31/11)
- % of Shares Owned by all Large Block Holders 999.99M
http://www.dailyfinance.com/company/tirex-corp/txmc/nao/institutional-ownership
- Projected Float= 1,008,296,487 (Distributed between 670 shareholders/float = less then 2million each)
2,500,000,000 Authorized
______________________________________________________________________________________________________________________________________________________________________________________
The Road to Sustainability Rubberized asphalt is a high-performance alternative to traditional paving material. As a mix of asphalt and recycled rubber derived from scrap tires, rubberized asphalt is longer lasting, safer, less costly, and friendlier to the environment.
Resists cracking and rutting.
Cracks in asphalt are caused by vertical or horizontal movements beneath the overlay as a result of traffic loads, temperature fluctuations, and shifting earth. Rubberized asphalt reduces the occurrence of cracking with superior elasticity. Rubberized asphalt is also stiffer than conventional paving, which resists rutting and increases pavement life.
Improves skid resistance. Decreases splash and spray.
The safety of rubberized asphalt is greatly improved as a result of several unique attributes. Pavements made from rubberized asphalt exhibit greater skid resistance, and decreased splash and spray in wet conditions.
Decreases maintenance costs. Requires no additional capital investment.
In use for more than 40 years, rubberized asphalt is laid using the same equipment as traditional asphalt in most cases and the longer lasting properties reduce long-term maintenance costs. Plus, utilizing recycled rubber derived from scrap tires provides a reliable and consistent supply of material.
Rides quieter. Reduces stockpiles of scrap tires.
Noise pollution on highways and interstates continues to increase as traffic levels increase. However, rubberized asphalt is proven to reduce noise levels by upwards of 5 decibels. And rubberized asphalt provides an outlet for between 500 and 2,000 scrap tires per lane mile of pavement. So, for a 1-mile section of a four-lane highway, between 2,000 and 8,000 tires are creating a longer-lasting, safer, and more cost-effective roadway.
________________________________________________________________________________________________________________________________________________
Contact Information:
Tirex Corporation
1771 Post Road East
Westport, CT, USA 06880
Phone: 203-292-6922