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Should have seen the Q this AM.
I hope they don't slide back to their delinquent ways!
One more day till Pink Sheets.
Anyone still in FRDM??
CPWY (Clean Energy Pathways) See Ibox for more info. at http://investorshub.advfn.com/boards/board.aspx?board_id=5795
CPWY (Clean Energy Pathways) Up 16% Friday, closed at .035. Earnings of .03/share released for 2011. Volume heavy Thursday and Friday. 2012 run beginning.
CPWY (Clean Energy Pathways) Business Description - BFO-1,2,3,4 and 5 a renewable fuel for Turbines, industrial boilers, and heater systems, renewable fuel for the replacement of petroleum diesel fuel, solar hot water systems, solar pv, retrofitting, weatherization, energy audits.
"Now that Freedom Environmental is officially a fully reporting company on the Bulletin Board, we anticipate that it will be more vocal with news. Today, FRDM announced a new contract that we have reprinted below. FRDM stock appears to have stabilized near .04 per share, and with a new IR firm recently hired we expect a steady climb from this price. We think it is a good time to take a fresh look at FRDM."
From the Green Baron report
Freedom Environmental Services, Inc. Signs Service Contracts With 14 Sonny's Real Pit Bar-B-Q Franchisees
Freedom Environmental Services, Inc., one of Florida's only 100% "Green" grease and wastewater collection, processing, and recycling companies (OTC: FRDM), announced today that it has signed service contracts with the first 14 Sonny's Real Pit Bar-B-Q restaurants to provide ongoing grease trap maintenance and the collection and processing of yellow cooking grease.
"Our operations team has attended the Sonny's franchise conference and they are doing a great job at building long-term relationships with an outstanding group of restaurant operators," stated Michael Ciarlone, COO of Freedom Environmental Services, Inc. "Sonny's Bar-B-Q has more than 150 restaurants in the South and we are excited about the opportunity to earn their business."
Mr. Ciarlone went on to say, "More and more companies understand the full range of services that we offer the food service industry and appreciate the fact that we are one of the only companies that actually processes all of the cooking oil that we pick up so that it can be reused as a biofuel feedstock. The oil can then be reused which helps our country's dependency on foreign oil and keeps the used oil from being dumped into local landfills. Good for the customer, good for the environment and good for the country..."
Freedom Environmental Services is proving to be one company in the "Green Sector" of the stock market that is showing substantial top line revenue growth and operational profitability.
About Freedom Environmental Services, Inc.Freedom Environmental Services (www.freedomwaterservices.com) is one of Florida's only 100% "Green" grease and wastewater collection, processing, and recycling companies headquartered in Orlando, Florida. FES provides the most comprehensive, cost-effective and reliable treatment systems and services. FES provides full capture and processing of organics and grease from both commercial and residential accounts. FES processes all wastewater and grease, normally sent to a dump site, and produces a reusable bio-fuel feedstock. Working in conjunction with the Department of Environmental Protection, major utility providers, and local health departments, FES provides Wastewater and Storm-water System Management, Grease and Organics Collection, Processing, and Disposition, Commercial Plumbing and Water System Management, Septic service and maintenance, lift station maintenance, line jetting and excavations.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature or which relate to future events and are subject to risks and uncertainties. In many cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms and other comparable terminology. These statements are only predictions. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors. The forward-looking statements made in this press release relate only to events as of the date of this release. We undertake no ongoing obligation to update these statements.
CONTACTS:
Marmel Communications, LLCMarlin MolinaroInvestor Relations702-434-8692mmolinarofc@aol.comIR@freedomwaterservices.comwww.FreedomWaterServices.com
SOURCE Freedom Environmental Services, Inc.
SATM news on carbon credits out
Current now. Look for imminent uplisting soon
http://ih.advfn.com/p.php?pid=nmona&article=50722578
SATM now GESI current Nevada Filing
https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=g5I9wBxJq1ps5DT9Y%252bcfEw%253d%253d&CorpName=GREEN+ENERGY+SOLUTION+INDUSTRIES%2c+INC.
building a Green 20MW power plant with financing in place, free feed stock in the form of recycled railroad ties, Gov grants and carbon credits......check it out...
I've had a lot of distractions this last week. I'm moving a family member from my old mailing address to a nursing home.
OK, on watch for me if it gets into 6s
I haven't paid any attention to it today. Mostly waisted my time on FDMF. I need to get some scap metal loads ready to go for the company and I keep getting side tracked. Yesterday I got wrapped up in a Goog support room discussing things like link tracking for the new website, then got involved in the DEN/ PITT game.
I need to turn the PC off anf go get done what I need to get done.
At least you know I was reading it. A lot of money in Waste Management, but's a little hard to get people interested it.
Thx Adm, changed it
You have WMI in the Ibox. What company would that be ?
I did like the webcast and have been adding under 04
No details on the filing yet
News. New PR company, and some form 4&5
It's available now.
Don't see it listed yet
Don't know, do you need to be a member?
CAN ANYONE LISTEN TO WEBCAST ON GREEN BARON YET?
adding slowly myself
I too dropped 25 percent
I agree. The next financials won't be here until March/April.
That's 4 months. If they don't issue some significant PRs, I think it drifts down to $0.03. I lightened up today by 30%.
I still beleive in the company and their bisiness model, but the revenues and earnings for 3rd Qtr were dissapointing. Many here were expecting the co. to post a profit, and instead they lost more than 2nd Qtr. Company's credibility took a hit.
I think 2012 will be a good year, but many questions remain.
GLTA
We need some good news..or we will drop thru holiday's...did you see volume sold in the low 2's
My concern is between now and spring when end of year report is due...we need some pr,s or we will slid down in the 2,s. Imo
Well they took some writeoffs, maybe something in the works???
I don't see how they are going to be profitable by end of year as stated...
Thought about adding but we may drop further between now and end of year..they need some good news,did not read much in last report..
Got some 04s
Table of Contents
Competitive business conditions, the issuer’s competitive position in the industry, and methods of competition
The industries in which we compete and intend to compete are highly competitive and, especially in the area of biofuel production, characterized by rapid technological advancement. Many of our competitors have greater resources than we do.
We compete in our current areas of operation by offering what we believe to be superior service at competitive prices. We also intend to be competitive by acquiring operating companies in the Waste Water Services sector and developing commercial applications to convert the collected waste into fuel and organic nutrients (fertilizer).
Sources and availability of labor, raw materials and the names of principal suppliers
Labor required to provide these services are made available either through existing employees or by subcontractors, depending on the demands of the project and availability of resources.
The supplies and materials required to conduct our operations are available through a wide variety of sources and are currently obtained through, a wide variety of sources.
Capital Resources
We are party to no binding agreements which would commit us to any material capital expenditures. We plan to attempt to acquire operating companies in the Wastewater Services sector and develop commercial applications to convert our vertically collected waste to energy and organic nutrients (fertilizer) and build and operate a significant waste collection and treatment plant in Central Florida.
We are currently investigating opportunities regarding the acquisition of companies in the Wastewater Services sector as well as the leasing or acquisition of companies in the Wastewater Services sector.
In the event that we enter into a binding agreement to either (a) acquire a company or companies in the Wastewater Services sector or (b) lease or acquire companies in the Wastewater Services sector we believe we will be required to undertake significant capital expenditures. Historically, our sources of liquidity have been (a) Revenues from operations (b) Loans from senior officers and (c) Bank Line of Credit.
In the event that we are required to raise additional cash from outside sources, we may issue equity securities or incur additional debt. There is no assurance that such funding, if required, will be available to us or, if available, will be available upon terms favorable to us.
Results of Operations for the Three and Nine Months ended September 30, 2011
Revenues for the three months ended September 30, 2011 were $1,422,018, as compared to $1,001,093 for the three months ended September 30, 2010. Revenues for the nine months ended September 30, 2011 were $4,378,747, as compared to $1,137,215 for the nine months ended September 30, 2010. This increase was primarily attributable to our acquisition of Brownies Waste Water Solutions, Inc. and the purchase and deployment of a substantial amount of equipment from Clean Fuel LLC. The Clean Fuel LLC equipment acquisition allowed us to grow substantially. The Brownies business combination was effective in providing a strong presence in Florida; however, we had to update much of the business and revenue model to make Brownies a competitive business in this industry.
Cost of goods sold for the three months ended September 30, 2011 was $1,110,311, as compared to $142,096 for the three months ended September 30, 2010. Cost of goods sold for the nine months ended September 30, 2011 was $3,004,779, as compared to $195,786 for the nine months ended September 30, 2010. This increase was due to the major equipment purchase from Clean Fuel LLC, which increased our costs, and our acquisition of Brownies in July 2010, which expanded our business in 2011, but not the first six months of 2010. The revamping to make the Brownies business model competitive in the industry also contributed to the increase in 2011 costs.
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Table of Contents
General and administrative expense for the three months ended September 30, 2011 was $567,073, as compared to $753,113 for the three months ended September 30, 2010. General and administrative expenses for the nine months ended September 30, 2011 were $2,002,229, as compared to $2,514,793 for the nine months ended September 30, 2010. The primary reason the expenses decreased was that in 2010 we had a substantial amount of non-cash, non-recurring expenses related to the issuance of common stock for marketing and consulting expense, which was partially offset by higher salary expense during the 2011 period.
Interest expense for the three months ended September 30, 2011 was $28,046, as compared to $70,792 for the three months ended September 30, 2010. Interest expense for the nine months ended September 30, 2011 was $135,161, as compared to $1,312,748 for the nine months ended September 30, 2010. During 2010, we issued shares of the Company to certain debt holders to satisfy outstanding notes payable and recorded additional interest of $46,401 and $856,146 of interest expense, which represented the excess of the fair market value of the shares issued over the carrying amount of the debt satisfied, during the three and nine months ended September 30, 2010. During the nine months ended September 30, 2010, we also recorded $112,500 of interest expense related to the amortization of debt discount, versus $32,704 during the same period of 2011.
Net loss for the three months ended September 30, 2011 was $293,509, as compared to $20,894 for the three months ended September 30, 2010. Net loss for the for the nine months ended September 30, 2011 was $791,718, as compared to $2,944,451 for the nine months ended September 30, 2010. The primary reason the losses decreased was that in 2010 we had a substantial amount of non-cash, non-recurring expenses related to the issuance of common stock as described above.
Liquidity and Capital Resources
Our cash (used in) provided by operating activities was ($249,846) and $44,317 for the nine months ended September 30, 2011 and 2010, respectively. The decrease is mainly attributable to the acquisition of Brownies Waste Water Solutions, Inc. and the costs incurred to update much of the business and revenue model to make Brownies a competitive business in this industry.
Cash used in investing activities was $190,052 and $58,674 for the nine months ended September 30, 2011 and 2010, respectively. We acquired new equipment for our company in 2011.
Cash provided by financing activities was $338,663 and $302,126 for the nine months ended September 30, 2011 and 2010, respectively. During the nine months ended September 30, 2011, we received proceeds from notes payable and lines of credit of $813,007 from unrelated third parties and $68,800 from related parties, repaid notes payable and a convertible note of $605,826 and received net proceeds from warrant exercises of $50,000.
The Company has a net loss for the nine months ended September 30, 2011 of $791,718, an accumulated deficit at September 30, 2011 of $21,271,322, cash flows used in operating activities of $249,846 and needs additional cash flows to maintain its operations.
http://www.secinfo.com/d1C3V5.q4d.htm#c3h1
I haven't read through the filings in a thorough manner yet. However, something came to mind as I was reading the ongoing litigation's the company finds itself involved in, what a perfect platform iHub would offer to Harvey Blonder, Gary Goldstein, and Robin Bailey.
"Table of Contents
The Company became aware that one of the shareholders of Brownies Waste Water Solutions, Inc., Gary Goldstein, prior to the acquisition, allegedly misappropriated $15,000 of the Company’s funds (the “Funds”) by attempting to transfer or pass through funds of an unrelated bankrupt company through the Company’s bank accounts to disguise them as services Brownies was to perform when in fact it was an attempt to disguise it as legal services for the shareholder. The Company contacted Bank of America who was the single largest creditor in the unrelated bankrupt company and returned the funds to the bankruptcy court. The Company contacted the Bankruptcy Trustees Office as to the action of the shareholder and they are investigating the shareholder to determine the next course of action. The Company is investigating the accounting records to determine if there are additional improprieties prior to the purchase of Brownies. If the Company finds additional improprieties, the Company will contact the proper regulatory authorities.
The Company became aware the sellers of Brownies failed to disclose in the Asset Purchase Agreement additional liabilities of $89,000; which included an outstanding invoice of $21,000 for required cleanup in Orange County, Florida, $18,000 of unpaid personal property taxes, and $57,000 owed to Shelley Septic, Inc. The Company is investigating if there are any additional undisclosed liabilities in the acquisition of Brownies and has sought legal counsel to determine the next course of action.
Mr. Borish and companies under his control personally forgave the following debt and other liabilities to consummate the acquisition of Brownies Waste Water Solution, Inc. on July 17, 2010:
Notes Payable Shareholder
$ 405,819
Notes Payable Resort Marketing
84,300
Accrued Interest
181,266
Accounts Payable
89,421
Visa RBC Centura 1702
5,934
RBC Centura 1694
7,079
Accrued Interest
362.
Accrued Compensation-CEO
368,183
Accrued Payroll – CEO
99,717
Advances by Shareholders
5,075
Total Debt Forgiven and Recognized as Additional Paid-In Capital in the Accompanying Consolidated Financial Statements
$ 1,247,155
The Company is a Defendant in a pending litigation with Harvey Blonder, Gary Goldstein, and Robin Bailey v. Freedom Environmental Services, Inc., and Michael Borish, individually. This case is pending in the Circuit Court of the Ninth Judicial Circuit, in and for Orange County, Florida, Case No. 2010-CA-026477-0 related to the acquisition of Brownies Waste Water Solutions in July 17, 2010. The Original Complaint was dismissed on a Motion to Dismiss Failure to State a Claim and the Court allowed the Plaintiffs to file an Amended Complaint. The Amended Complaint was filed on June 3, 2011 which alleges – Declaratory Relief, Fraudulent Inducement to Enter a Contract, Negligent Misrepresentation, Breach of Contract Warranties, Accounting, and Rescission of Purchase Agreement. The Company considered this litigation frivolous and vehemently denies all allegations. The case in pending in State Court and the Company is vigorously litigating this case.
On January 1, 2011 the Company entered into a one year yellow grease purchase agreement with Delta Integrated Industries LLC ("Delta"). In that agreement the Company agreed to sell fifty thousand gallons of yellow grease per month to Delta. This agreement was voided as Delta submitted a check for $67,000 that was drawn on an account with insufficient funds. Delta has filed a Complaint related to this voided agreement but has never served the summons on the Company which makes the Complaint invalid and the Company believes it will ultimately be dismissed by the Court for lack of service."
http://www.secinfo.com/d1C3V5.q4d.htm#c3h1
Freedom Environmental Services Releases 3rd Quarter 10-Q Showing a 385% Increase in Revenue for the 9 Months Over the Same Period...
Freedom Environmental Services (OTC QB: FRDM) announces that the 3rd quarter 10-Q quarterly filing is complete and the company is current with all filings.
Freedom Environmental Services showed a 385% increase in revenues for the first 3 quarters compared to the first 3 quarters of 2010. For the 3rd quarter sales were up over 40% compared to Q3 of 2010. Freedom also reduced the loss for the 9 months by more than 73% with a substantial portion of the loss being non-cash and non-recurring in nature and created by items such as one time stock issuances in-lieu of cash and depreciation. The company uses a 5 year depreciation schedule for major equipment items and this accelerated method accounted for nearly half of the company's losses.
Michael Ciarlone, Freedom COO stated, "We are very excited about the progress we have made over the last year. Completing two major acquisitions, reworking their business models, re-educating customers, and cleaning up past issues related to each company that existed prior to the acquisitions is no small task. The acquisitions completed last year and execution of our business plan has created a base to grow on for years to come." Mr. Ciarlone went on to say, "We are dedicated to not only growing this company but increasing shareholders value for our investors. And now that we have successfully integrated these great companies we will begin educating investors and Wall Street to the true value of Freedom Environmental and the tremendous potential of our business model. We believe that our stock is very undervalued at this point in time and we are excited to share our story with Wall Street."
"While the economic climate is challenging for many businesses today, we expect to have a record year of both revenue growth and profitability," stated Mr. Ciarlone, "and we look for an even better year in 2012 with increased profitability. We firmly believe our business is recession proof because the services we provide to major companies are required regardless of the economic environment."
About Freedom Environmental Service
Freedom Environmental Services (FES) is one of Florida's only 100% "Green" grease and wastewater collection, processing, and recycling companies headquartered in Orlando, Florida. FES provides the most comprehensive, cost-effective and reliable treatment systems and services. FES provides full capture and processing of organics and grease from both commercial and residential accounts. FES processes all wastewater and grease, normally sent to a dump site, and produces a reusable bio-fuel feedstock. Working in conjunction with the Department of Environmental Protection, major utility providers, and local health departments, FES provides Wastewater and Storm-water System Management, Grease and Organics Collection, Processing, and Disposition, Commercial Plumbing and Water System Management, Septic service and maintenance, lift station maintenance, line jetting and excavations.
www.freedomwaterservices.com
Investor Relations – 1-855-FRDM-INFO
SOURCE Freedom Environmental Services
Stk talk only, no bashers here
Hah Ha ! g2nec,did "you know who " try to post ? And you deleted him? That makes my day ! Good man.
This board is about what waste stocks are being traded to include news. This is not a board for bashing, bashers will not be tolerated.
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