Wastmasters Inc. (fka WAST)

[WillyWizard]

Piper IHUB is slowly growing. RB's growth was slow at first. IHUB will be a better site to post at one of these days. Eventually the posting on this thread will build. I started the thread to obtain chairmanship so no bad taste posting will ever take place. This is not a free for all bash this guy and that guy thread.

Willy

[WillyWizard]

Piper,

My boss is slowly alientating me. He has said over and over I make to much money. Therefor he has an excuse to take programs away I took years and a lot of time to develope. He has cut my sales 30% to 50% in the last 7 months and just took another program I started away. He hired a stripper from a strip joint down the road and is trying to help her out and make her look good. Yep thats a fact believe or not. Things could change drasticly for me in the future.

Willy

[sfbpipers]

Willy and John, its time to get someone else posting on this board. Willy, how many boards do you post on? Seems you must not be selling many Honda's these days, as you are always on line. LOL

Piper

[WillyWizard]

WASTEMASTERS INC
Form: SC 13D Filing Date: 4/2/2001


TO DOWNLOAD A PRINTABLE VERSION OF THE FILING, CLICK THE 'RTF' BUTTON


SELECT FONT SIZE 1=smallest2=smaller3=larger4=largest CLICK THE 'ENTER' BUTTON


TYPE: SC 13D OTHERDOC
SEQUENCE: 1
FILENAME: glob13d.txt


OTHERDOC AVAILABLE Series=glob13d.txt Ver="": Document is copied.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

--------------------

SCHEDULE 13-D


Under the Securities Exchange Act of 1934


WASTEMASTERS, INC
(Name of Issuer)


Common Stock, Par Value $0.01 Per Share
(Title of Class of Securities)

William Tuorto
3 Broad Street, Suite 300
Charleston, South Carolina 29401
[phone]
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

December 31, 2000
(Date of event Which Requires
Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13-G
to report the acquisition which is the subject of this Schedule 13-D,
and is filing this Schedule because of Rule 13d-1 (b) or (4), check the
following box. [ ]




(1) Name of Reporting Global Eco-Logical Services,
Inc.
Persons. S.S. or 65-0405148
I.R.S.Identification
No. of Above Person

(2) Check the Appropriate
Box if a Member of a (a)
Group (b) X

(3) SEC Use Only

(4) Source of Funds OO

(5) Check if Disclosure
of Legal Proceedings
is Required Pursuant
to Items 2(d) or 3(e)

(6) Citizen or Place of
Organization State of Florida

(7) Sole Voting
Power 15,000,000 shares

Number of Shares (8) Shared Voting
Beneficially Power
Owned by Each
Reporting (9) Sole
Person With* Dispositive
Power 15,000,000 shares

(10) Shared
Dispositive
Power

(11) Aggregate Amount
Beneficially Owned by
Each Reporting Person 15,000,000 shares

(12) Check if the Aggregate
Amount in Row (11)
Excludes Certain Shares

(13) Percent of Class
Represented by Amount
in Row (11) 9.79%

(14) Type of Reporting
Persons CO



Item 1. Security and Issuer

This statement on Schedule 13-D (the "Statement") relates to
shares of the common stock, $0.01 par value per share (the "Shares"),
of Wastemasters, Inc., a Maryland corporation (the "Company"), whose
principal
executive offices are located at 205 South Bickford, Oklahoma City,
Oklahoma
73036.

Item 2. Identity and Background

(a) This Statement is filed by Global Eco-Logical Services, Inc.
("Global") a corporation organzied in the State of Florida.

(b) and (c)

The principal business address of Global is 3 Broad Street, Suite
300,
Charleston, South Carolina, 29401. The principal business of Global is
waste
management services.

(d) The Reporting Person, during the last five years, has not
been convicted in any criminal proceedings (excluding traffic violations
or similar misdemeanors).

(e) The Reporting Person, during the last five years, has not
been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceedings was or is
subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.

(f) Global is organized in the State of Florida.

Item 3. Source and Amount of Funds or Other Consideration

Global acquired 15,000,000 shares of the Company's Common Stock as
a result of a sale of three Global subsidiaries to the Company on October
1, 2000: Tri-State Waste Disposal, Inc., Lisbon Landfill, Inc., and All
Waste Disposal Service, Inc. Global entered into a Lease/Purchase and
Management Agreement on September 15, 2000. The Agreement contained an
option to purchase the corporations for 15,000,000 shares of common stock
of the Company. The Company exercised the option and closed on the
acquisition on October 1, 2000.

Item 4. Purpose of the Transaction

Global acquired 15,000,000 shares of the Company's Common Stock
as a result of a sale of three Global subsidiaries to the Company.

Item 5. Interest in the Securities of the Issuer

(a) and (b)

Global is the beneficial owner of 15,000,000 shares of the
Company's Common Stock, which totals 9.79% of the outstanding Common Stock.

(c) None

(d) None

(e) None

Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer

None.

Item 7. Materials to be Filed as Exhibits

None.


SIGNATURE


After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Statement is
true, complete, and correct.


/s/ Richard D. Tuorto, Sr.
RICHARD D. TUORTO, SR. as President
of Global Eco-Logical Services,
Inc.



Dated: March 21, 2001

Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).

[WillyWizard]

My position in this company has been built up. I am waiting patiently for a filing to see if this company will survive. We will soon see.

Willy

[WillyWizard]

Why Penny Stocks

Written By,

Hal Engel for

http://willywizard.com

The world of stocks is a complex world for many investors. The Microsoft’s of the world are the only companies many hear about. The world of the Penny Stock could be considered the lost world of the investment community.

Many analysts and stockbrokers only recommend stocks they feel are well known to the investment community. They do this for their own protection for fear of potential lawsuits. These analysts and brokers focus on Large Cap Stocks, and the Penny Stock Markets are considered a lost world. The stigma associated with the Penny Stock Market is normally considered a very high-risk market where the investors will lose all their investment. Many investors don’t have a clue that many brokers will not be able to charge a full commission and will be paid only a partial commission if they allow their clients to buy a penny stock. This is true at many full service brokerage firms. A broker should realize there is a place in every portfolio for risk investments such as penny stocks. A small portion of your portfolio can be utilized for a penny stock investment. The potential rewards are worth the risk.

The penny stock investor is looking for the new Microsoft or Yahoo. The dream of the penny investor is to search out and find these young unexplored companies before the mainstream investment community is aware they exist. It is easy to buy something that has made its day of fame and has increased from the penny stock level to many multiples above their first trading day. It is tougher to seek out and find the potential dream stock when it is in its infancy. The penny stock company is usually an unknown under-capitalized company. Also, the penny stock investors like the companies they invest in, are normally small, capitalized investors. These types of investors normally do not have thousands of dollars to invest but they want to start investing so they chose penny stocks for affordability.

Recently we have all witnessed the decline in many DOW and NASDAQ securities. Some of the securities in these markets were trading at extremely high valuations to their actual worth. Many were known companies and the darlings of all investors. Investors bid company’s share prices to extremely high prices. What happened next was the investors came out from under the ether and the sell-off began in early 2000. Many of the company’s prices have fallen from the $100 levels to under $15 in the last 18 months, some even into bankruptcy. For these companies to go from the lows they trade at today back to their old highs will be a long struggling advance in share valuation. The penny-stock investor has a greater chance for quicker percentage gains than the investor in the blown apart Blue Chips/NASDAQ Markets and may reach their objective a lot quicker. Penny Stocks are primarily listed in two markets, the OTCBB and the Pink Sheet Markets. These two markets have their own set of rules and are avoided by many. You can read about both these markets at http://www.otcbb.com

OTCBB Example

In this section I look at one stock I own at this time. What better way to see what this writer looks at then to look at one of his positions, as an example, a highly speculative turn-around investment. Keep in mind it is easy to use an example of a stock that has already made a move but this is not what a penny investor is looking for. The mentioned stock has not made a move as of the time this article was written.

Trading on the OTCBB Exchange is WastMasters Inc., symbol WAST currently priced approximately .06 cents to .07

A few years ago this company was trading as high as $3.00 but experienced severe cash flow problems from a fast pace acquisition strategy of acquiring problem waste-related companies. The CEO was forced to resigned and was sued. At this time new management stepped in control of the company and inherited all the past problems that came with the company. They started a slow process of rebuilding. The company was forced to the Pink Sheet Exchange from the NASDAQ Exchange for non-reporting while this restructuring was completed. Over time, they regained their fully reporting status and were eventually re-listed on the OTCBB Exchange. The company has filed all SEC filings on time since its re-listing. When a company survives such adverse conditions their chances of a successful return to previous valuation is worth investment risk capital. This is the type of penny stock play speculation penny stock investors look for.

Risk VS Return

Penny stocks are very risky but the rewards can be extremely attractive when one considers the percentage of a possible return. The penny stock holdings in your portfolio can be the most potentially rewarding segment of your portfolio. Looking at the $30 dollar stock that needs to move to $60 for a 100% return makes one wonder how many of these high dollar stocks have this kind of a chance in the markets we are currently looking at today. When you look at a penny stock trading for pennies verses the high flyer trading for many dollars it makes you wonder which is the better choice. How hard will it be for the $30 dollar stock that must move to $60 dollars for a one 100% percent return verses the .10 cent stock that needs to move to .20 cents for a 100% percent return? This is big question all penny stock investors ask themselves.

How to Find Penny Stocks

The biggest challenge for an investor looking for a penny stock company to investment in is where to start. Many investors start by roaming the Internet researching sites such as http://willywizard.com that provide many tools for the OTCBB & Small Cap investor. Sites like this are totally dedicated to OTCBB & Small Cap Market. Just a few selections at this site are a SEC Training School, OTCBB Most Actives, Free Edgar, Bloomberg and high quality charting services. This site also provides many articles that warn the investor about unscrupulousness found in the Penny World.

There are many Yahoo Clubs that focus on Penny Stocks. The largest Penny Stock & Small Cap Club is the Willy Wizard Club at http://clubs.yahoo.com/clubs/willywizard

This club boasts a membership of over 3500 members that post about their holdings on a monitored post board. Once an individual reads about a stock he can go directly to the founder’s site at http://willywizard.com and research the stock mentioned. This is a combination that is impossible to find anywhere on the Internet.

The next step many take is to travel to various post boards such as http://investorshub.com or http://ragingbull.com and researching what is written about the company.. Investorshub.com is a monitored site with virtually no spam or derogatory posting. Raging Bull is a free-for-all board that has many posters that only care about themselves and decent information is hard to find. Between the two the reader can get an idea about a stock but don’t make buying decisions by what you read on these post boards.

Charting

Charting is always important. This was briefly mentioned in the last section but is worth an entire dedicated section. At http://willywizard.com there are many charting sites available. Penny Stocks should not be bought at their highs. Penny Stocks are very volatile and almost always have a correction. Downside risk is very important. Always try to limit downside risk. Risk vs Reward is very important. This is why many investors chose penny stocks.

Once an investor locates a potential penny stock investment a chart should be looked at. If the investor, after all other research, likes what he has read, then he should see where the share price is in relation to 1 year, 6 months and 3 months on the chart. If it is at its high, start to watch and be leery of a purchase until it backs off and forms a sideways bottom pattern. Too many investors get excited and plunge into an investment before they should. A good article on this at the WillyWizard.com web site is entitled, "Buy Low and Sell High". This article should be read. Read the article and try to buy low and sell when the share price rises. Don’t buy at the highs like many do every day. Here is a chart on the stock mentioned in the last section: http://quotes.barchart.com/chart.asp?sym=wast&code=BWIZARD It is trading at it’s lows in anticipation of the company financials to be released.

Diversification

One rule all penny stock investors should always follow is diversification. They should spread their investments over five or six stocks. The old saying "not to put all you eggs in one basket" is a rule all penny stock investors should follow. This limits risk of loss of all available investment capital in one stock. Also, with diversification the investor has higher probability that, at some point in time, one of the stocks held will move. The odds are better holding six companies then holding one company. All investors understand diversification.

Sell ½ Rule:The Holy Grail

The sell ½ at 100% return is the Holy Grail Rule for all penny stock investors to follow. Penny stocks can move up very fast and be very volatile. Because of this volatility, they can move lower just as fast after a brief run up in price. If the penny investors would discipline themselves to always follow the simple rule of selling ½ of their position when a stock moves 100%, they would help to eliminate loss of all gained profit when the stock corrects. No stocks move up forever. We all wish they would, but they don’t. At a 100% move, like all stocks, a penny is normally considered over-bought and will generally correct.

Once you have sold ½ your position then your original investment is taken off the table so the remaining shares are all profit. In other words, you own the remaining shares for free and your original investment is ready to invest in the next potential 100% penny mover. The term used by many penny investors for these free shares can be entitled, "The House’s Money". In some sense it is like going to Las Vegas and rolling the dice. If you’re a winner and want to let the position run, do it on someone else’s money, not your own.

Recognition

Penny stocks are virtually unknown to many investors. This is a huge problem for many companies that trade on the OTCBB and Pink Sheet Exchanges. Many of these companies need recognition and how do they get it? This is where they seek awareness campaigns and try to find a media device to use. Many of them move towards Stock Profilers.

Stock Profilers own web sites where they place company profiles. Many readers visit these sites daily. At these web sites the reader can learn about a company the web site owners are working with. They also have large email based lists they use to send out company provided information to the general investment community. This is direct marketing to a potential investor. Because of the fast growing Internet, companies find stock profilers less expensive than Investors Business Daily or other papers that charge high prices for ads. A Company profile, sent out by a stock profiler, is not going to get lost within hundreds of ads.

To summarize the content: There is a place in every portfolio for risk investments such as penny stocks. Everyone should be aware that the full service brokers avoid penny stocks for their own motives. Also, the analyst sticks to a company that has a lot of researchable information available. This makes his job easy compared to searching the OTCBB listed stocks for a potential winner. Finding the potential winner can be done through web sites that dedicate themselves to OTCBB & Small Cap Investors. These sites supply the necessary tools for the penny investor to do research through charting and various research links. To avoid losses and set backs the penny stock investor should always be diversified in 5 or 6 positions and sell ½ of a position with a 100% move. These moves are common with penny stocks and when the penny investor holds many positions the chances to own a 100% mover is much better. The central point of this article is very simple, it’s called risk verses reward in investing. Penny stocks are just that, a risky investment with possible large percentage rewards, short term and long term. The rewards can be fast and percentage returns much higher than the DOW or NASDAQ listed stocks.

Hal Engel is the owner of http://willywizard.com Permission is given to the reader to copy and place this article where they feel it will help others understand Penny Stock Investing. The article must be posted in full or a link to it. Please honor the time and work a writer puts into writing articles. Thank you.

Readers Caution: This writer is not a licensed investment advisor or analyst nor does he give out buy or sell advice to anyone. No analysis has been made by this writer about the financial condition of any business contained within this article or other factors about the Companies which may appear in the reviews or articles contained herein.. Investments in small cap companies are generally deemed to be highly speculative and do involve substantial risk, making it appropriate for readers to consult with professional investment advisors and to make independent investigations before acting on information published by WillyWizard.com. Investment in small cap companies could prove to be high-risk investments with the result of loss of part or total principal investment. Past performance is not necessarily an indication of future performance. Each individual investor must determine for his or herself how much profit or loss they feel comfortable with. Currently the writer is not compensated by either of the companies mentioned in this article but does hold positions in both securities mentioned in this article. The writer does reserve the right to be compensated by either of the mentioned parties in the future which compensation may include shares of stock in the Company or cash payments. The writer will announce any stock compensation if received within the disclaimer at http://willywizard.com This writer makes no representations, warranties or guarantees as to the accuracy or completeness of the statements made regarding the companies or stocks mentioned in this article. The writer does hold positions in both securities mentioned in this article. The writer reserves the right to increase or decrease his uncompensated common share ownership interest in the securities mentioned in this article at any time. This writer owns approximately 78,000 shares of WAST and 150,000 shares of June 1999 #144 restricted shares None of the above share should be considered compensation, all shares were purchased by the writer.

This Writer Warns ALL Who Buy Any Stock That They Risk Losing All Their Money. Pink Sheet Stocks and OTCBB (Over the Counter Bulletin Board) often involve low-priced, thinly traded stocks. It is possible or even likely that moderate subscriber activity can artificially increase the price of the stocks profiled at this web site or sent out in emails. Furthermore, securities under $5.00 sold on the OTCBB traditionally fall within the designated securities rule if a broker where to recommend the stock triggering mandatory disclosures concerning the risk of such investing. Such disclosures are available for viewing on the OTCBB web site at: http://www.otcbb.com

Copyright 2001

[WillyWizard]

WAST is a stock I have held for many years. I just put it in the closet and stopped buying it. I am hearing rumors this company is about to turn the restructuring corner they have worked on for two years. Just to continue operations for two years while restucturing is a monumental achievement in itself.

Wastmasters Inc is trading on the OTCBB: Symbol WAST apx. .06 cents offer. I have purchased from .10 to .063 the last few weeks. I am very comfortable owning this stock at this time.

Willy

[WillyWizard]

John,

Here is something I can share with you. You remember the #144 shares we argued about? You said they were all being canceled and I said that was incorrect. Recently I have been in discusion with the WAST attorney about this issue. I own 150,000 shares of those #144 shares. I had to provide trade confermations on how I obtained the common shares I originally traded for the restricted shares to prove I legally obtained them. This is about over and we are told that all legally obtained shares are going to be reissued to holders.

The total amount was somewhere around 65,000,000 #144 issued. I am told between 12 million and the high 20 million will be honored. This will put a huge amount of shares back into the coffers of WAST. These shares then can be used to buy ... :). I'll leave it at that.

Thank you,

Willy

[WillyWizard]

John,

I pulled the humweeble out of the body shop today. It has been a long time since I have driven it. I think I will take it to the shop next for a quick tune-up. I'll keep you posted when it is ready to run the race. The tune-up should be done soon.

Willy

[WillyWizard]

John,

All I have is he said and they said but when I get factual data I will share it. Until then all I can say is we should start to keep a very close eye on WAST again.

I think about 75% of what you and I went tit to tat about at SI might be finally going to take place. I know you remember what we were in disagreement over. Lets just watch and see.

John I have been holding stock in this company since its original name F & E Resources. WAST was merged into F&E and down hill ever since. Just maybe it is time to start climbing the hill again. :)

Willy

[jmhollen]

Well, why don't you share what you know about that.....

John

[WillyWizard]

I would call. I don't know if you can get anyone from the old company. This is about to turn a major corner.IMO

Willy

[jmhollen]

I believe you mean "..engines..", don't you?

As I recall, two of them were joined in the middle using the HandyMan's Secret Weapon..!!

Guess I'll give Utah a call, and see "..wassup..".

[WillyWizard]

John,

I would start to keep any eye on WAST. The humweeble's engine is getting tuned up. It will be running soon.

Willy

[WillyWizard]

Hello Jim,

WAST needs to clear up the #144 issue. Also the #144 issue in regards to CICG is a bit cloudy again. I would like to hear more about this soon.

Willy

[jmhollen]

WasteMasters To Break Ground On First Coal Recovery System -- 11:13 AM EDT

EL RENO, Okla., Oct 20, 2000 (BUSINESS WIRE) -- WasteMasters, Inc. (OTC BB:
WAST). Appalachia Environmental Recovery Inc., a subsidiary of WasteMasters of
Delaware, Inc., a subsidiary of WasteMasters Inc. (WAST.OB) announced the start
of construction of its first coal recovery and environmental reclamation system
at New Lexington, Ohio. Groundbreaking is set for Monday, October 23rd.

CONTACT: The Investor Relations Group, New York
 Juan Dominguez or Dian Griesel Ph.D.
 212/736-2650

[jmhollen]

WasteMasters, Inc. Acquires Philadelphia Waste Assets for $4,340,000

Business Wire October 18 2000 12:46AM PT

EL RENO, Okla.--(BUSINESS WIRE)--Oct. 18, 2000--WasteMasters, Inc. (OTC BB: WAST) announced that it completed the acquisition of the Mid-Atlantic waste operations of Global Eco-Logical Services, Inc. (Pink Sheets: GECL). The operations consist of a commercial and industrial collection, recycling and transportation business in Philadelphia, New Jersey and surrounding markets, along with a 141 acre construction and demolition landfill in Eastern Ohio.

The Company purchased the operations from Global in a transaction valued at approximately $4,340,000, consisting of 15 million shares of common stock, valued at $2,250,000 based on the recent market price of $0.15 per share, and the assumption of long-term indebtedness with a principal amount of $2,090,000.

Based on the audited financial information provided by Global, the operations are estimated to generate $2,800,000 in annualized revenues, positive operating earnings, and include approximately $5,000,000 in fixed assets. The landfill was recently re- permitted, having airspace reserves well in excess of 10 million cubic yards. The useful life of the landfill is estimated at 20 years, before any additional expansion or development.

Leon Blaser, Chief Executive Officer, stated: "The Global deal represents the first results from the hard work that we have put in over the past year to restructure the Company and create shareholder value. We expect to announce in the near future additional positive news for shareholders, including the completion of our reorganization as a Delaware corporation, the settlement of additional material liabilities and the infusion of new capital into the Company, as well as additional acquisitions to complement the operations acquired from Global."

[WillyWizard]

I hope this thread keeps to the subject of WastMaster Inc. and does not turn into a BS thread like the Raging Bull WAST thread. This is a monitored thread so no slams are allowed. Please stick to the facts.

WillyWizard.com