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My letter back from SEC (I think they are) is pasted below.
They told me they do not work for me.
I include text from a letter to the lawyer who told me to
write them after it, to show why I wrote Hartford.
And posts #6586 and #6687 show my contract
with Tirex and John Threshie.
Regarding post #6793, I know a lot
of people on that list of investors.
None seem to have much money
(except maybe the girls).
So I do not see how SEC
will get the $700,000 from
any of them.
"John Knox" was a man in his 70's or 80's.
He lived in a tiny attic room in the
boarding house with me for 2 years.
He complained of many health problems like Gout.
He drove a tiny beat up compact car.
In 2014 he spent a week in the hospital
and when he got back the land lord
Barbara Rose told me he was moving
to Carolina (or maybe it was Virginia)
to die from what he had.
"Uncle Richard (Threshie)" lives in
a one story shack in the woods,
and has to share it with his brother John.
When Deering Rose called the Westport
police to have me removed from the
Rose's boarding house,
John Threshie offered to let me
stay in that house in the woods
but I refused because it only
had two bedrooms and was not
very comfortable.
John has only an old beat up
car with back windows that
never worked.
Thus if Tirex got $500,000
over a decade, and now
is requested to pay $700,000,
I wonder where all the money
is or is going to come from.
I know little about money
issues like this.
Even so, unlike everyone
at this forum, I consider
the government responsible
for the loss of my $5000,
not Tirex or myself. The email to the
lawyer below explains that.
Sincerely,
Erik Bergren
[URL=http://s61.photobucket.com/user/erikbergren/media/ReplyFrom_SEC_zpsm07qbwmz.jpg.html][/URL]
'===================================
Lawyer's letter pasted below:
Erik Bergren <erikbergren@yahoo.com> 07/07/15 at 3:24 PM
To
Richard Frankowski
Message body
I am sending this email to you
in case you are interested in the progress I obtained since
our discussion of November 18, 2014.
>" You may want to consider calling your state's securities commission. "
I wrote to the commission in Hartford, CT.
I got essentially nothing back.
The attached letter from the New York Attorney General's office
must be due to that letter of mine (since this was my only activity about stocks)
but I do not understand the point, meaning, or purpose of this letter,
or it's connection.
In about January 2015, the CEO (John Threshie)
of that penny stock company asked me
if I or any body in my family had contacted SEC
because they made him go through a check up
that was unpleasant (I think he said some sort of tax check up process)
and I said yes. He said not to talk to them again;
talk to him instead.
I guess the only further progress that I can make
is to post the documents on the web where
the other people who's money was also stolen
were complaining ("the investors hub").
Such as:
"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94279866
capricorn1964 Wednesday, 11/20/13 07:57:31 PM
Re: None
Post # of 6486
URGENT!! In the beginning of the year I paid John Threshie $2500 for shares of Tirex stock and I've never received the shares. I have tried to contact him to no avail.
Has this happened to any other investors?? What's the deal here??
"
In hidesight:
I do not know anything about stock trading or the laws
governing them, but I do know that if a company
takes thousands of dollars from an individual
under an agreement;
on company letter head and signed by the CEO,
that states to that individual:
"If at any time you wish to recover any of your
investment Tirex will gladly trade your shares and reimburse
you."
and then states to that same individual regard that same money:
"I'm sorry, but public companies don't reimburse investments in stock. Hopefully, dividends,
sooner than later!"
as my attached documents had shown,
then they must be punished by the system which
supports there existence, or else that system is
harmful to us.
Thank you for your interest and encouragement Richard,
Sincerely,
Erik Bergren
SEC002 .pdf
$TXMC Is-TireX about-to move-again, its death-rattle?
Is there anyone here who senses a final TireX move ?
Say to $0.0025 or even higher -- however fake and
specious and fraudulent the deal, as history shows ?
Until2017
6016
Fortunately I bought WDRP at that time.
At least Tirex was good for something.
Any one remember WDRP message 6016, need to look what it did today.....just sayen
$TXMC Someone is-desperate for Tirex-shares ?
Yes you are correct
My theory is that the guy buying the large chunks,
is buying daily - - sometimes getting a few - - and
sometimes getting many.
See the data :
https://www.google.com/finance/historical?q=OTCMKTS%3ATXMC&authuser=0&ei=3QKKWMmRHJCBevzYmfAI
Until
Hmmmmm...... the way these were bought tells me someone was desperate for some shares....
$TXMC NitWit Behavior Writ Large
Symbol
TXMC
Last
0.0003
Change
0 (0.00%)
Bid
0.0001
Ask
0.00
High
0.0003
Low
0.0003
Volume
3,475,000
Time (ET)
1:29:20 PM
Repeating the same stupid behavior is not
beneficial. - - - - Not one single bit of it !
Until2017
$TXMC UNELIEVABLE imbecile IDIOT moron BUY
And at THREE no less ! ! ! !
Symbol
TXMC
Last
0.0003
Change
0 (0.00%)
Bid
0.0001
Ask
0.00
High
0.0003
Low
0.0003
Volume
2,600,000
Time (ET)
11:59:09 AM
Until2017
$TXMC Nitwit who-thinks he-knows something
Nitwit who thinks he knows something
. . . . . . . is still buying Tirex :
Symbol
TXMC
Last
0.0003
Change
+0.0001 (+50%)
Bid
0.0001
Ask
0.00
High
0.0003
Low
0.0002
Volume
251,500
Time (ET)
3:14:30 PM
Until2017
Here is the address and hours for Tirex as posted on the Tirex Corporation Official Website:
HOURS & INFO
3999 Mission Boulevard,
San Diego CA 92109
1-202-555-1212
Lunch: 11am - 2pm
Dinner: M-Th 5pm - 11pm, Fri-Sat:5pm - 1am
That address is for Catamaran Resort Hotel and Spa in San Diego!
https://www.catamaranresort.com/
Maybe JT has a new gig going? Or, he has run out of marks on the East Coast! I wonder what he has for dinner specials tonight?
$TXMC Mysterious-buyer still-active as-of-01112017
Symbol
TXMC
Last
0.0001
Change
-0.0001 (-50%)
Bid
0.0001
Ask
0.00
High
0.0003
Low
0.0001
Volume
823,000
Time (ET)
1:03:51 PM
NEXT ANNOUNCEMENT is sooner than we all expect.
Until2017
$TXMC Only-reason 2017 Tirex-website is up&running
http://www.tirexcorp.com/
THE ONLY REASON THIS "2017" TIREX WEB-SITE
IS UP AND RUNNING IS THIS :
The creators and purveyors of the TireX TCS system
hope to make an announcement of yet another new
deal.
Like ( most recently ) the GRSI deal or ( of old ) the
Malaysian deal, when TireX Shares ( TXMC ) made
a run for the money .
In the GRSI deal, the shares ran to $0.0040 or so .
In the Malaysian deal, the shares ran to $0.0120 or so .
There's money to be made ( for some few people )
when this Tired TireX Turkey stock makes its final run.
For me ( and you I suspect ) there's losses to be made
up during the coming run.
I am not saying that TireX will succeed, or sell a system.
I am just saying that a run -- now overdue -- is coming.
Be alert. ... The race goes to the swift.
Until2017
$TXMC 500 shares yesterday Thursday
I think the shares went at $0.0002. ... That's only ten
freakin' cents. ... AND NOBODY WOULD BUY 500
SHARES FOR TEN CENTS and pay a commission
too , right ?
So some deductive reasoning is in order : ... There
is an unknown person who has a standing order for a
million shares -- or 2 million -- or even 5 million at some
limit ( a limit price on the order )
Some days he is lucky and gets scads of TXMC shares.
Some days he is unlucky and gets ten cents of shares
and pays a commission, for me the commission is $8.95
This makes sense, because occasionally ( too frequently )
when I have an order for a million shares of some loser
stupid stock, some damned MM shoves 137 shares up
my caboose, screwing me quite badly, as you can see.
But you cannot use the "all or none" qualifier on a TXMC
buy, so you have to place the order for the 1M shares ,
and hope for the best.
Review the daily buying of this clown here :
https://www.google.com/finance/historical?q=OTCMKTS%3ATXMC&ei=96FvWNGMAc_IeeaPtNgL
Remember, it is easy to see why someone would sell the
TireD TireX TurkeY TerriblE stock.
But why would anyone anywhere anytime buy it ?
Until2017
$TXMC Fake Malaysian GRSI deal in 2017
We need a new deal in 2017 - - even if it's another
fake Malaysian GRSI deal ( like deals in years gone
by ) FOR THIS REASON :
To boost the TXMC price to $0.0010 ( and beyond )
so each of us can exit our MASSIVELY LOSING POS-
ITION(s) in this fine freakin' year of 2017
Until2017
$TXMC One more FAKE DEAL announcement
Think back on the GRSI deal that never actually happened.
Or the long long ago Malaysian deal that never happened .
Or all of the FAKE DEALS in the intervening years ! ! ! !
IMO follows : ... TireX has one more announcement to go
in 2017. ... Another FAKE DEAL that will not really happen.
It is upon the announcement of the NEXT FAKE DEAL
that TireX will rise enough for some, or all, of us to exit.
NOT TO BE MADE WHOLE ! ... But to get some cash for
our slop stock - - and to exit with that cash.
Keep your eyes peeled and your ears clean. ... Wait for it.
Until2017
$TXMC FAKE TireX TCS system
Nobody cares about the FAKE TireX system being offered :
http://www.wwrequip.com/equipment/d150105
Real balls to call that fake a TireX system, because
Tirex is actually "non-cryogenic", duh !
Here is the "OFFICIAL" TireX site :
http://www.tirexcorp.com/
Anyway, who knows what might happen next ?
FINAL NOTE : ... To me, claiming to have and sell a
TireX system is too strange. ... Why would you claim
to be selling a system with ZERO INSTALLED BASE ?
Until2017
$TXMC Recent SEC complaint re:TireX
https://www.sec.gov/litigation/litreleases/2016/lr23707.htm
https://www.sec.gov/litigation/complaints/2016/comp23707.pdf
None of this is mentioned in the "OFFICIAL" TireX site :
http://www.tirexcorp.com/
NEITHER IS THIS COPYCAT :
http://www.wwrequip.com/equipment/d150105
http://www.wwrequip.com/equipment/d150105
http://www.wwrequip.com/equipment/d150105
Real balls to call that a TireX system, because
Tirex is actually "non-cryogenic", duh !
JT Latest :
https://www.linkedin.com/in/thresh54
He seems to be a nice-enough guy who has been
unable for 20 long years to sell one TCS system.
Until2017
$TXMC
The person whose post I was responding to did
not post the name. .... It is fair to assume he/she
would have posted it publicly if they wanted to
I was respecting the poster's desires. . And I would
respect anyone's desire for privacy.
The names I revealed were law-breakers, & I was
forwarded the PRIVATE THRESHIE EMAILS by a
person who did not request that I keep the names
private.
Again, look at the post I was responding to, & you
will see that .the poster could have revealed . the
name - - - had that poster wanted to do so.
iHub does have expectations of privacy for posters
- - if the shill was an iHub poster, the name cannot
be revealed without violating the iHub TOS :
http://investorshub.advfn.com/boards/Terms.aspx
It is an extensive read and worth reading in full, IMO.
Until2017
Why PM?
We all have inquiring minds and would like to know.
Until.... you had no problem posting a bunch of names and people you don't even know. Why are you pulling a Threshie now?
Call me stupid, but please PM me with what
you are referring to.
This week PMs are working for everyone, me
and you too.
Until2017
I wonder if JT will take his shill down with him, or take a bullet for him? I think many, if not most, know who I am referring to.
$TXMC OPEN LETTER TO John Threshie
WHAT HAPPENED TO THE $582,000 you raised selling
unregistered securities. ? ? ?
Mr. Threshie,
As you may be aware, Tirex has not filed a financial
statement in the last ten years. .. So we shareholders
do not know what has happened to the money that was
raised by selling shares. .. WHAT HAPPENED TO
THAT MONEY ?
A simple question, and a simple answer will suffice.
A simple answer detailing each dollar spent of that
small fortune. .. Let me be perfectly clear, you could
have used that as the down payment on a small-scale
demonstration system.
WHICH WOULD HAVE LED TO A SALE. .. Undoubtedly !
Signed
Discouraged Shareholder
Sitting on a 100% LOSS
Until2017
$TXMC BOTH LINKS for future reference
https://www.sec.gov/litigation/litreleases/2016/lr23707.htm
https://www.sec.gov/litigation/complaints/2016/comp23707.pdf
Until2017
$TXMC LINK to the ACTUAL COMPLAINT
https://www.sec.gov/litigation/complaints/2016/comp23707.pdf
Please read this whole sorry and gory work of art.
In it, in paragraphs 15 through 23, it mentions and
quotes extensively from the PRIVATE EMAILS of
which I spoke in my Regulation FD Violations expose.
In a funny ( not funny HA HA ) and weird way we
are all lucky not to have received these emails.
We might have been sukced in to send him more of
our cash money green.
ATTEMPT TO PASTE THE WHOLE COMPLAINT , below :
UNITED STATES DISTRICT COURT
DISTRICT OF CONNECTICUT
__________________________________________
)
SECURITIES AND EXCHANGE )
COMMISSION, )
)
Plaintiff, ) Civil Action No.
)
v. )
)
JOHN L. THRESHIE, JR., )
)
Defendant. )
__________________________________________)
COMPLAINT
Plaintiff Securities and Exchange Commission (the “Commission”) alleges the following against defendant John L. Threshie, Jr. (“Threshie”):
I. SUMMARY
1. This case involves the unregistered offering and sale of securities in a Connecticut-based company called Tirex Corporation (“Tirex”) by Threshie, the Chief Executive Officer (“CEO”) of Tirex, in violation of the registration provisions of the federal securities laws.
2. Since 2006, Defendant has offered and sold hundreds of millions of shares of Tirex stock to at least ninety-four individuals in at least nine states. Defendant’s offers and sales of Tirex securities were not covered by registration statements filed or in effect with the Commission or an applicable exemption, as required by the applicable securities laws.
Case 3:16-cv-02103 Document 1 Filed 12/21/16 Page 1 of 8
2
3. As a result of this conduct, Defendant has directly and indirectly violated, and unless restrained and enjoined will continue to violate, Sections 5(a) and 5(c) of the Securities Act of 1933 (“Securities Act”) [15 U.S.C. §§77e(a) and (c)].
4. The Commission brings this action pursuant to its authority under Section 20 of the Securities Act [15 U.S.C. §77t(b)] and seeks an order:
a. finding that the Defendant violated the securities registration provisions of the federal securities laws;
b. permanently restraining and enjoining Defendant from committing future violations of Sections 5(a) and 5(c) of the Securities Act;
c. barring Defendant from participating in a penny stock offering;
d. prohibiting Defendant from participating in unregistered securities offerings except for purchases or sales of securities listed on a national securities exchange for his own account;
e. prohibiting Defendant from directly or indirectly soliciting or accepting funds or anything of value from any person to whom he provides or has provided any information about Tirex without first providing such person with a copy of a) the Commission’s filed complaint against him, b) any judgment that the Commission obtains against him in this matter, and c) the Commission’s November 12, 2015 Order of Suspension of Trading in Tirex stock;
f. ordering disgorgement and prejudgment interest from Defendant; and
g. ordering Defendant to pay civil penalties.
Case 3:16-cv-02103 Document 1 Filed 12/21/16 Page 2 of 8
3
II. JURISDICTION AND VENUE
5. The Commission seeks injunctions and disgorgement pursuant to Section 20(b) of the Securities Act [15 U.S.C. §77t(b)] and Section 21(d)(5) of the Securities Exchange Act of 1934 [15 U.S.C. §78u(d)(5)]. The Commission seeks the imposition of civil penalties pursuant to Section 20(d) of the Securities Act [15 U.S.C. §77t(d)]. The Commission seeks a penny stock bar pursuant to Section 20(g) of the Securities Act [15 U.S. Code §77t(g)].
6. This Court has jurisdiction over this action pursuant to Section 22(a) of the Securities Act [15 U.S.C. § 77v(a)].
7. Venue lies in this Court pursuant to Section 22(a) of the Securities Act [15 U.S.C. §77v(a)]. Tirex’s principal place of business and Threshie’s residence are in Wilton, Connecticut, which is within this district.
8. In connection with the transactions, acts, practices, and courses of business described in this Complaint, the Defendant has directly and indirectly made use of the means and instruments of transportation or communication in interstate commerce or of the mails to sell or to offer to sell the securities of Tirex.
III. DEFENDANT
9. John L. Threshie, Jr. is an individual residing in Wilton, Connecticut. Threshie has been the President and CEO of Tirex since 1999 and is currently its only full-time employee.
IV. FACTUAL ALLEGATIONS
10. Tirex is in the business of marketing what it describes as a patented, environmentally friendly tire recycling technology (the “TCS system”) that purportedly reduces scrap tires into saleable rubber crumb, steel wire, and fiber by freezing the rubber and breaking the tires apart.
Case 3:16-cv-02103 Document 1 Filed 12/21/16 Page 3 of 8
4
11. Tirex’s securities, under ticker symbol “TXMC” were previously quoted on OTC Link (formerly “Pink Sheets”), operated by OTC Markets Group, Inc. It has registered offerings of common stock with the Commission under the Securities Act. The securities transactions that are the subject of this complaint were not registered with the Commission.
12. Threshie is the CEO and only full-time employee of Tirex. He has been the President and CEO of Tirex since 1999 and has been affiliated with Tirex since 1995.
13. 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. Tirex’s only current business function is searching for a business partner to secure financing for and build a TCS system.
14. Threshie has regularly emailed existing investors describing Tirex’s purported progress toward selling a TCS system. Some emails encouraged the recipients to invest more money. Some emails also asked that the recipient share Threshie’s invitation to purchase securities with anyone the investor knew who might be interested in investing.
15. For example, in an October 28, 2015 email, Threshie lists expenses he needs to pay immediately, states if these expenses are not covered he will need to work elsewhere putting Tirex in “do or die situation,” and urges, “[t]ell your investor friends (and you) I’ll go as low as .0002/share – eg: $500 = 2.5M shares! Personal checks okay[.]”
16. In a February, 1, 2014 email to investors addressed as “friends of Tirex,” Threshie announces that the Brazilian government has approved a project related to a TCS contract and asks, “[p]lease refer to me any investors interested in purchasing shares direct from Tirex so I can keep this thing moving forward!!”
Case 3:16-cv-02103 Document 1 Filed 12/21/16 Page 4 of 8
5
17. In a November 6, 2013 email to investors, Threshie forwarded email correspondence with Tirex’s business partner and a consultant, writing, “[a]s you can see below we are moving closer to a TCS sales [sic] in Brazil. … I realize some of you have put in more than your share, however, pass the news along to new investors…”
18. In a November 13, 2007 email to investors, Threshie wrote, “Many of you have generously contributed and we understand you may wish to remain at your current level. We would appreciate it, however, if you would approach any new investors you know of that may be interested. If you’ve got investors offer them Tirex @ 1/2 cent/share and to contact me directly.”
19. Certain of the Commission’s securities registration rules allow for the sale of unregistered securities if the investors in the securities offering meet the standards for being an “accredited investor” with a certain level of income or net worth or a “sophisticated investor” with sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment.
20. In soliciting investments or otherwise offering for sale unregistered securities, Threshie did not ask prospective investors for financial information about themselves or take any other steps to determine whether they are accredited or sophisticated investors before accepting their payments. At least two investors are unaccredited.
21. Since at least 2006, Threshie has been selling securities in Tirex pursuant to a letter agreement he provides to investors at the time of their investment. The letter agreement states that in exchange for payment, shares of Tirex stock will be issued when Tirex effects a share authorization.
22. The letter agreements with investors were on Tirex letterhead and signed by Threshie as President and CEO of Tirex.
Case 3:16-cv-02103 Document 1 Filed 12/21/16 Page 5 of 8
6
23. Threshie typically transmitted signed copies of the letter agreement through email. Investors typically returned countersigned copies to Threshie through email.
24. According to Tirex’s audited and unaudited financial statements for fiscal years 2006 through 2015, Tirex’s proceeds from sales of securities to ninety-four private investors located in nine different states via letter agreements totaled almost $572,000 (Tirex’s fiscal year runs from July 1 through June 30). For the remainder of calendar year 2015 through March of 2016, Tirex received an additional $10,000 from nine private investors as documented in the letter agreements. The total amount Threshie has raised in unregistered securities offerings since 2005 is $581,815.00. No registration statement is on file or in effect with respect to these sales.
25. Between January 2013 and March 2016 alone, Threshie sold about 464 million shares of Tirex stock via letter agreements.
26. No registration statement is on file or in effect with respect to, and no exemption applies to, the transactions alleged in paragraphs 1 through 25.
V. CLAIM FOR RELIEF
Unregistered Offer and Sale of Securities
(Violations of Sections 5(a) and 5(c) of the Securities Act)
27. The Commission restates and incorporates by reference paragraphs 1 through 26 above.
28. Threshie, by engaging in the conduct described above, directly or indirectly made use of the means or instruments of transportation or communication in interstate commerce, or of the mails, to offer to sell or to sell securities, or carried or caused to be carried through the mails or in interstate commerce, by means or instruments of transportation, securities for the purpose of sale or for delivery after sale, when no registration statement had been filed or was in effect as to such securities, and when no exemption from registration was applicable.
Case 3:16-cv-02103 Document 1 Filed 12/21/16 Page 6 of 8
7
29. By engaging in the conduct described above, Threshie violated, and unless restrained and enjoined, is reasonably likely to continue to violate, Sections 5(a) and 5(c) of the Securities Act [15 U.S.C. §§77e(a) and (c)].
PRAYER FOR RELIEF
WHEREFORE, the Commission respectfully requests that the Court:
A. Issue findings of fact and conclusions of law that Threshie committed the alleged violations.
B. Enter a permanent injunction enjoining Threshie from directly or indirectly:
1. Violating Sections 5(a) and 5(c) of the Securities Act, 15 U.S.C. §§ 77e(a) and (c);
2. Participating in the offer or sale of any security in an unregistered offering, except for purchases or sales of securities listed on a national securities exchange for his own account; and
3. Soliciting or accepting funds or anything of value from any person to whom he provides or has provided any information about Tirex without first providing such person with a copy of a) the Commission’s filed complaint against Threshie, b) any judgment that the Commission obtains against Threshie in this matter, and c) the Commission’s November 12, 2015 Order of Suspension of Trading in Tirex stock.
C. Order that Threshie be barred from participating in an offering of penny stock, pursuant to Section 20(g) of the Securities Act.
D. Order that Threshie disgorge all ill-gotten gains, including prejudgment and post-judgment interest, resulting from the violations alleged herein.
E. Order Threshie to pay civil penalties under Section 20(d) of the Securities Act, 15
U.S.C. § 77t(d).
F. Retain jurisdiction of this action in accordance with the principles of equity and the Federal Rules of Civil Procedure in order to implement and carry out the terms of all orders
Case 3:16-cv-02103 Document 1 Filed 12/21/16 Page 7 of 8
8
and decrees that may be entered, or to entertain any suitable application or motion for additional relief within the jurisdiction of this Court.
G. Grant such other and further relief as this Court may determine to be just and necessary.
Respectfully submitted,
SECURITIES AND EXCHANGE COMMISSION
By its attorneys,
/s/ Frank C. Huntington_________________________
Frank Huntington (Mass. Bar No. 544045)
Senior Trial Counsel
Alicia M. Reed (N.Y. Bar No. 3914596)
Counsel
Jennifer Cardello (Mass. Bar No. 657253)
Counsel
Martin F. Healey (Mass. Bar. No. 227550)
Senior Trial Counsel
Boston Regional Office
33 Arch Street, 24th Floor
Boston, MA 02110
(617) 573-8960 (Huntington direct)
(617) 573-4590 (fax)
HuntingtonF@sec.gov (Huntington email)
Local Counsel:
John B. Hughes (Fed. Bar No. CT 05289)
Assistant United States Attorney
Chief, Civil Division
United States Attorney’s Office
Connecticut Financial Center
157 Church Street, 23rd Floor
New Haven, CT 06510
(203) 821-3700
(203) 773-5373 (fax)
Dated: December 21, 2016
Case 3:16-cv-02103 Document 1 Filed 12/21/16 Page 8 of 8
<<<<<<< End of Document Insert Section >>>>>>>
Until2017
What is so confusing
and irritating is the "supposed" progress over the years, that was actually public information, and made it look so real.....
Threshie's visit to the capital and support to the recycling bill.
Actual news reports about a TCS system coming to TN and MO, how it will bring in jobs, and then.......nothing.
Simpro has it on their website.
I did further due diligence over time and came across names like Wanderport (WDRP - now into cannabis related products) where nothing ever happened.
Just a big WTF!
I agree with the statement about why he never tried to start up his own business using the TCS and grow it from there.
If his intentions from the start was to be a slime-bag then it's about time he got his.
$TXMC REASONS-why TireX NEVER-sold a system
Here's one, the easy one : ... THERE IS NO SYS-
TEM ANYWHERE in the world to see a demo of the
crumbling operations in actuality.
I always thought that JT should go all-in and build a
small -- but FULLY OPERATIONAL -- demonstration
system.
WHICH BRINGS ME TO MY POINT : ... What has JT
done with the $582,000 that he raked in selling TireX
unregistered securities ? ... Wine women and song ?
HE COULD EASILY have used the $600K as a down-
payment on a small, FULLY-OPERATIONAL, demon-
stration system.
Which just might have led to an actual sale, . Ya think ?
Until2017
$TXMC Reg.-F.D. VIOLATION investor list
Reading the news post 6821 here, this morning, by
SCION :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127344445
. . . . . . . . . light finally dawned on my THICK DENSE
SKULL :
The thirty or so investors whose names I posted here
in the last ten days -- were all investors who had plac-
ed funds DIRECTLY WITH John Threshie, for shares
to be issued at some UNKNOWN TIME in the future.
((( As in NEVER ! ! ! )))
Which is why they got private email updates, cuz
they gave JT cash. .... Too simple. .... And I'd bet the
rent that one of them got weary of waiting for a payoff
and signed an official S.E.C. complaint . . . .
P.S. : ... J.T. is broke. ... How he gonna pay the fine ?
Until2017
Wondered the same thing !
$TXMC Trading cessation order in 2015
The "Cease Trading" order was lifted
shortly after it was imposed.
Had it not been lifted, there would have
been no trades at all.
QUESTION : ... Those of us who invest-
ed directly, might we be re-imbursed from
the fine proceeds ?
Until2017
$TXMC Illegal sale of Securities scam
Doesn't it just figure ! ! ! !
Thanks for the post, I have been too busy E.O.Y.
at work these days to follow the stock news sites.
Will Tirex finally die, NOW & FOREVER, Amen ?
Will my Regulation F.D. complaints just be piling
on ?
Until2017
Have to assume this SEC action is the last nail in the TXMC coffin and ZERO left for us shareholders/beneficiaries.
If the SEC stopped trading over a year ago,
"The SEC suspended trading in Tirex securities on November 12, 2015.),
what were all those dozens of trades posted throughout 2016?
Wow! What does that mean for us shareholders?
SEC Charges CEO of Connecticut-Based Company for Offering and Selling Unregistered Securities
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23707 / December 21, 2016
Securities and Exchange Commission v. John L. Threshie, Jr., No. 3:16-cv-02103 (D. Conn. filed Dec. 21, 2016)
SEC Charges CEO of Connecticut-Based Company for Offering and Selling Unregistered Securities
The Securities and Exchange Commission today announced that Tirex Corporation's CEO has agreed to pay over $770,000 to resolve charges that he violated the registration provisions of the federal securities laws through the offer and sale of Tirex's securities.
The SEC's complaint, filed in federal court in Connecticut on December 21, 2016, alleges that, beginning in 2006, John L. Threshie, Jr., of Wilton, Connecticut, raised almost $582,000 from at least 94 investors by offering and selling securities in Tirex, a company that markets a purported tire recycling system. According to the complaint, Threshie regularly emailed existing investors describing Tirex's marketing activity and, in some instances, encouraging the investors to invest more money and asking them to share his invitation to purchase stock with anyone who might be interested in investing. No registration statement was on file or in effect with the SEC with respect to this offering of securities, as required by the applicable securities laws.
The SEC suspended trading in Tirex securities on November 12, 2015. Prior to the trading suspension, Tirex securities were quoted on OTC Link operated by OTC Markets Group Inc.
The SEC's complaint charges Threshie with violating Sections 5(a) and 5(c) of the Securities Act of 1933. Threshie consented to the entry of a final judgment imposing permanent injunctions and a penny stock bar and requiring him to pay disgorgement and prejudgment interest of $722,281.60 and a civil penalty of $50,000. The judgment also prohibits Threshie from participating in any sale or offer to sell securities in an unregistered offering other than for his own account and from soliciting or accepting funds from any person to whom he provides information about Tirex without providing a copy of the SEC's complaint, the judgment entered against him, and the SEC's November 12, 2015 Order of Suspension of Trading in Tirex stock. The settlement is subject to approval of the court.
SEC Complaint
https://www.sec.gov/litigation/complaints/2016/comp23707.pdf
https://www.sec.gov/litigation/litreleases/2016/lr23707.htm
TXMC
Tirex Corporation (THE)
Caveat Emptor
Common Stock
Grey Market
OTC Markets Group Inc. (“OTC Markets”) has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) for one of the following reasons:
1) Promotion/Spam without Adequate Current Information — The security is being promoted to the public, but adequate current information about the company has not been made available to the public. Promotional activities may include spam email, unsolicited faxes or news releases, whether published by the company or a third party.
2) Investigation of Fraud or Other Criminal Activities — There is an investigation or other indication of fraudulent or other criminal activity involving the company, its securities or insiders.
3) Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt).
4) Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
5) Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the company has not made adequate current information available to the public.
6) Other Public Interest Concern — OTC Markets Group may determine that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion, spam or disruptive corporate actions even when adequate current information is available.
SEC Suspension of Trading Nov 12, 2015
http://www.otcmarkets.com/stock/TXMC/news/SEC-Suspension-of-Trading?id=118974&b=y
Can we just get this off the ground , look at something like $CHIT... it will be worth nothing soon , this needs to be done here and then gtfo
$TXMC OFFICIAL TIREX WEB-SITE ADDRESS
Go here :
http://www.tirexcorp.com/
Go down on the right to "HOURS & INFO" and you see
the address :
3999 Mission Boulevard,
San Diego CA 92109
1-202-555-1212
Lunch: 11am - 2pm
Dinner: M-Th 5pm - 11pm, Fri-Sat:5pm - 1am
CLiCK ON THE LIGHT-BLUE ADDRESS, and it takes
you here :
https://www.google.com/maps/place/3999+Mission+Blvd,+San+Diego,+CA+92109/@32.7897691,-117.2548778,17z/data=!3m1!4b1!4m5!3m4!1s0x80dc01ef06cbee2f:0x2a1e26889f65cdbb!8m2!3d32.7897691!4d-117.2526891
Which looks like the dive in Puerta-lakka for the drug
cartel.
The phone number ? ... I heard that one on the CHIPs
TV serial : ... 1-202-555-1212
At least they have a decent lunch-time , , , , ,
Until2017
$TXMC Volume 11-21 to 12-01
Look at Tirex volume in October :
https://www.google.com/finance/historical?q=OTCMKTS%3ATXMC&ei=5EpQWPnILo29e83Rr9AM
And especially in the short November 21, 2016
to December 01, 2016 period.
SOMEONE KNOWS that SOMETHING's UP !
JMHO, as always
Until2017
$TXMC Fake GRSI deal announcement
Look at what happened to the price of TXMC just
after the GRSI announcement, about 3 years ago.
The date that is stuck in my head is April 25, 2013 :
I was right about the date, I just googled it :
http://www.tirex-tcs.com/04-25pressrelease.html
The price went to the moon relatively speaking.
That's why we await the next announcement, real
or fake, for good or for bad, for whatever it's worth.
A quarter-cent ? .. A half cent ? .. I have not
seen a full-cent for Tirex since the fake Malay-
sian announcement in 2008 or 2009 I forget
exactly.
The 27 million share day means that an announce-
ment is brewing, but not quite ready to pop.
Until2017
Ive got 1.2 ready to go at anything above .0014
$TXMC Why file an SEC REG.FD complaint?
Here's why — TireX has never been about closing a
contract, making a real sale — or generating revenue.
Tirex, for 20 years, has been an announcement machine :
(1) Make a fake announcement ( e.g., GRSI )
(2) The stock POPs
(3) Then sell shares into the rise.
People that knew about the GRSI announcement — IN
ADVANCE — were able to buy B4 the announcement,
and sell into the rise.
TIREX VOUME SPIKED in the days before the GRSI
announcement. ... Look at the historical data.
DID YOU KNOW ABOUT THE GRSI ANNOUNCEMENT
BEFORE IT HAPPENED ? ... I did not. and. neither did
you.
Those who did made money. ... NOT YOU !
If you know about the next FAKE announcement, at
the same time as all other investors, . you may have a
chance to unload some of your shares.
THINK ABOUT THAT 27 MILLION SHARE DAY ! . And
what it really meant. . WHO REALLY KNEW WHAT ?
FILE A COMPLAINT !
Until
$TXMC Five people filed SEC complaints re:Reg.FD Violations
Five people have contacted me privately that they have
filed Regulation FD violation complaints using the SEC
Complaint form online.
It would help us all if five more -- or even ten or fifteen
more people filed similar complaints.
I believe that the SEC will more likely respond to, or
act upon 20 similar complaints than to just 1 complaint.
Thanks
Until2017
$TXMC After filing SEC-Complaint send an email to JT with the following information :
(1) Send him a copy of the list of 31 names in post 6811
(2) Tell him to update that email list to include you
(3) TELL, don't ask, JT to send you all emails sent
. . . PRIVATELY to the 31 shareholders so far in 2016 .
(4) Tell him also that if you don't receive all 2016
. . . PRIVATE EMAILS, you will complain to the SEC
. . . a second time.
Be firm but polite. ... Don't be obsequious or grovel.
JT has maintained a SPECIAL SHAREHOLDER
email list for three years at least, which is illegal.
Do not threaten JT with fines or prison... Leave that
for the SEC to do.
Tell JT to go to Investor's Hub and read the TXMC
posts
Until2017
$TXMC Filing a TireX SEC COMPLAINT for Reg.FD violations
https://www.sec.gov/complaint.shtml
https://www.sec.gov/oiea/Complaint.html
Fill out the complaint form in the link above.
SAY THIS IS A REGULATION FD VIOLATION !
Tell the SEC that you have proof that the following
ShareHolders are getting .. PRIVATE .. EMAIL .. UPDATES : ..
(01) Lou Muro ( likely an insider )
(02) Henry Meier
(03) Michael Ash ( a previous insider ? )
(04) Gregory McAndrews
(05) Fred Lehrer ( SEC attorney ? )
(06) Caren Camp
(07) Larry Tate
(08) Avery Reed
(09) Robert Bursiewicz
(10) Pamela Vasquez
(11) Mark Lazar
(12) Gary Romaka
(13) Bruce Kubeck
(14) Ken Kubeck
(15) Alan Steen
(16) Richard Threshie
(17) Scott Schaake
(18) John Knox
(19) Charles Threshie
(20) Randy Weatherford
(21) Deering Rose-Threshie
(22) Barbara Rose
(23) Ron Pickett
(24) Richard Todd
(25) Jeff Pinkham
(26) Richard Hurstfield-Meyer
(27) Lawrence Culliford
(28) Gerald LeRoy
(29) Jim Blanton
(30) Tom Steen
(31) Clint Steen
YOU DO NOT HAVE TO MENTION iHub postings .
The S.E.C. will dump JT's email records and send
him and his wife and children and brothers and his
cousins and uncles and aunts here :
https://www.bop.gov/locations/institutions/dan/
I have heard unofficially that the FEDs will
not go after JT's grandparents in any way.
Until2017
$TXMC EVEN MORE Regulation FD Violations Listed
https://en.wikipedia.org/wiki/Regulation_Fair_Disclosure
================================================
TIREX ..SELECTIVELY ..RELEASES ..INFORMATION ..
To ..FAVORED ..INVESTORS.... ,.... and not to other,
less-favored investors.
FIRST FIVE SHAREHOLDERS LISTED :
(1) Lou Muro ( likely an insider )
(2) Henry Meier
(3) Michael Ash ( a previous insider ? )
(4) Gregory McAndrews
(5) Fred Lehrer ( SEC attorney ? )
NEXT SIX :
(1) Caren Camp
(2) Larry Tate
(3) Avery Reed
(4) Robert Bursiewicz
(5) Pamela Vasquez
(6) Mark Lazar
SEVEN MORE NAMES :
(1) Gary Romaka
(2) Bruce Kubeck
(3) Ken Kubeck
(4) Alan Steen
(5) Richard Threshie
(6) Scott Schaake
(7) John Knox
SIX MORE NAMES :
(1) Charles Threshie
(2) Randy Weatherford
(3) Deering Rose-Threshie
(4) Barbara Rose
(5) Ron Pickett
(6) Richard Todd
SEVEN MORE NAMES :
(1) Jeff Pinkham
(2) Richard Hurstfield-Meyer
(3) Lawrence Culliford
(4) Gerald LeRoy
(5) Jim Blanton
(6) Tom Steen
(7) Clint Steen
TireX in CONSTANT VIOLATION of Reg. F.D.
https://www.sec.gov/answers/regfd.htm
https://www.sec.gov/rules/final/33-7881.htm
https://en.wikipedia.org/wiki/Regulation_Fair_Disclosure
================================================
This violation of the Fair Disclosure Rule has been
continuous for more than 3 years. ... Easily proven !
Think about this for a while, & then add your name to
the chorus of complaints being made to the S.E.C. !
( Regarding Regulation F.D. VIOLATIONS )
Until2017
I have the email address for him.
Seems real enough to me.
https://en.wikipedia.org/wiki/David_White_(actor)
Where it says this :
Did you mean: David White (actor)?
Click on the blue : David White (actor)?
https://en.wikipedia.org/wiki/David_White_(actor)
Until
Lots of Threshies on that list. I wonder if Larry Tate is a real name?
$TXMC MORE Regulation FD Violations Listed
https://en.wikipedia.org/wiki/Regulation_Fair_Disclosure
================================================
TIREX ..SELECTIVELY ..RELEASES ..INFORMATION ..
To ..FAVORED ..INVESTORS.... ,.... and not to other,
less-favored investors.
FIRST FIVE LISTED :
(1) Lou Muro ( likely an insider )
(2) Henry Meier
(3) Michael Ash ( a previous insider ? )
(4) Gregory McAndrews
(5) Fred Lehrer ( SEC attorney ? )
NEXT SIX :
(1) Caren Camp
(2) Larry Tate
(3) Avery Reed
(4) Robert Bursiewicz
(5) Pamela Vasquez
(6) Mark Lazar
SEVEN MORE NAMES :
(1) Gary Romaka
(2) Bruce Kubeck
(3) Ken Kubeck
(4) Alan Steen
(5) Richard Threshie
(6) Scott Schaake
(7) John Knox
SIX MORE NAMES :
(1) Charles Threshie
(2) Randy Weatherford
(3) Deering Rose-Threshie
(4) Barbara Rose
(5) Ron Pickett
(6) Richard Todd
TireX in CONSTANT VIOLATION of Reg. F.D.
https://www.sec.gov/answers/regfd.htm
https://www.sec.gov/rules/final/33-7881.htm
https://en.wikipedia.org/wiki/Regulation_Fair_Disclosure
================================================
This violation of the Fair Disclosure Rule has been
continuous for more than 3 years. ... Easily proven !
Think about this for a while, & then add your name to
the chorus of complaints being made to the S.E.C. !
( Regarding Regulation F.D. VIOLATIONS )
Until2017
$TXMC Need some action
I believe - - but have only one piece of evidence - -
that the next pump is near beginning.
That 27 million share day is the only evidence so
far in 2017.
Look at the sticky-note I posted a while ago. ... It
is POST 6506 "deals signed" . . . .
The next "announcement" pump is overdue !
GLTA and Happy Holidays ahead !
Until2017
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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
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
| |||||||||||||||||||||||||
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.
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Contact Information:
Tirex Corporation
1771 Post Road East
Westport, CT, USA 06880
Phone: 203-292-6922
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