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Stay away from any company associated with James E. Shipley, George Roth, Michael Roth, Russell Kidder, Tim Connelly, and their associates. They are liars, scammers, and deceptive characters who are only in the penny stock business for personal gain without regards to the success of any company they control or their stock holders.
I have conversed and met with these guys and their attorney with the exception of Michael Roth with who I have had many conversations by phone and emails and Tim Connelly that I know about from Russell Kidder his friend and business partner.
I have had successful litigation at extreme cost, yet they have not been deterred and continue to plague the uniformed investor in the OTC market. The SEC provides no help to personally stop this and others like them because it is only a regulatory body and as such will not prosecute individuals for violations of their own regulations. That is always left to others. So don’t ever expect help from the SEC should you file a complaint. Your only chance at recovering the swindle that occurs is to personally litigate against those responsible. This is the only thing that seams to frighten them. Unfortunately, this is expensive and time consuming and often not pursued.
Consequently, the SEC is of no concern to these people. They can only stop the trading of a company stock like ACLH for gross promotions and misleading statements. In doing so, they only hurt the stockholders but rarely the management, directors, and other people who ruined and milked the company of its’ assets prior to any SEC action. They simply abandon the company and move on to their next victim after playing along and claiming to be innocent,.
I am still owed millions of shares of BCLE from a number of preferred stock conversions that management failed to honor and refused to comply with contractual obligations
secured by agreement. Michael Roth as CEO and President and his predecessor James E. Shipley, ran the company into the ground while depleting the assets provided by investors who bought into their scheme and false lies.
The only purpose of this group is to raise money then steal it from the investors /stockholders. It has happened time and time again with many companies in their control through false promotions, insider trading, shell manipulations, and pump and dump schemes with outside partners.
This is not the first time and will probably not be the last time they hurt people for their own means. Just be aware of the facts of what these two-faced individuals can do before you invest. In my opinion , they all belong in jail for their deeds and suffering they have caused others yet nobody seems to care and that is why they continue to do it.
Stay away from any company associated with James E. Shipley, George Roth, Michael Roth, Russell Kidder, Tim Connelly, and their associates. They are liars, scammers, and deceptive characters who are only in the penny stock business for personal gain without regards to the success of any company they control or their stock holders.
I have conversed and met with these guys and their attorney with the exception of Michael Roth with who I have had many conversations by phone and emails and Tim Connelly that I know about from Russell Kidder his friend and business partner.
I have had successful litigation at extreme cost, yet they have not been deterred and continue to plague the uniformed investor in the OTC market. The SEC provides no help to personally stop this and others like them because it is only a regulatory body and as such will not prosecute individuals for violations of their own regulations. That is always left to others. So don’t ever expect help from the SEC should you file a complaint. Your only chance at recovering the swindle that occurs is to personally litigate against those responsible. This is the only thing that seams to frighten them. Unfortunately, this is expensive and time consuming and often not pursued.
Consequently, the SEC is of no concern to these people. They can only stop the trading of a company stock like ACLH for gross promotions and misleading statements. In doing so, they only hurt the stockholders but rarely the management, directors, and other people who ruined and milked the company of its’ assets prior to any SEC action. They simply abandon the company and move on to their next victim after playing along and claiming to be innocent,.
I am still owed millions of shares of BCLE from a number of preferred stock conversions that management failed to honor and refused to comply with contractual obligations
secured by agreement. Michael Roth as CEO and President and his predecessor James E. Shipley, ran the company into the ground while depleting the assets provided by investors who bought into their scheme and false lies.
The only purpose of this group is to raise money then steal it from the investors /stockholders. It has happened time and time again with many companies in their control through false promotions, insider trading, shell manipulations, and pump and dump schemes with outside partners.
This is not the first time and will probably not be the last time they hurt people for their own means. Just be aware of the facts of what these two-faced individuals can do before you invest. In my opinion , they all belong in jail for their deeds and suffering they have caused others yet nobody seems to care and that is why they continue to do it.
This company, its' management and especially the Roth's and their associates, are charatans of the worst kind.
Well, it finally looks like all BCLE management has jumped the ship. Email is no longer functional and all phone contacts for Michael Roth have been eliminated. Why it continues to trade is beyond me? Only reason is the stock is being dumped.
This is a public company and if it has been or is being liquidated it is the responsibility of BCLE management to let the stockholders know. If anyone has further contact information for either Michael or George Roth, please post it. Do not be involved with any company that these characters have an association. They are only interested in selling stock for personal profit and not making any company succeed.
As a public company, the BCLE shell itself is generally worth a substantial amount of money. Any further information anyone can post regarding BCLE needs to be done so the stockholders may be informed as to what is and has happened to this company. Thank you.
Just an update for all you concerned stockholders. I received an email from Mr. Roth yesterday. After talking with their transfer agent, Continental Stock Transfer, I was informed that the transfer agent will not issue any stock because the company continues to be in the arrears for many months and will not provide an attorney's opinion as requested to do so. Also, the information provided to the transfer agent is incorrect and not current. More continued lies,deception, and delays from the management of BCLE. Be careful about investing in this company.
I am not here to dash anyone’s hopes. On 11/27/12, I received a response from Mr. Roth from an inquiry concerning a vastly late, over one year, promised preferred stock conversion involving millions of BCLE shares. He said that the company was once again in the arrears with Continental their transfer agent, blamed hurricane Sandy for the delay of issuing the stock, and he regretted the circumstances.
IMO, Mr. Roth has no intention of moving the company forward. Most of the assets of BCLE have been depleted and management has no plan. Mr. Roth has no time or desire to engage in the recovery of BCLE while continuing to fail in his fiduciary responsibility to me and the stock holders. He could care less if the company succeeds. It is obvious to me, he is looking for a way out at this time.
I challenge him to reply to this posting and to inform the stockholders what are his intentions for BCLE.
Everyone,
Have you noticed that both Bio-Clean International Inc and Green Bridge Industries are in default with the State of Nevada. More indications these companies have no money to continue business and that Michael Roth, Lewis Kurtz, and White are just game players. None of these people are to be trusted to do the right thing for the stockholders for they play only for their own personal gain and the gain of their associates. As a group, they have hurt many unsuspecting investors and should be avoided. They represent the worst in management,deceptive practices, and have little personal intregity towards the companies they promote. Their actions cannot be disputed or condoned. GLTA
Mr. Roth has no integrity and little care for the stockholders of BCLE. I have directly spoken and communicated with him on many occasions. Since assuming the CEO position in February 2010, he has not moved the company forward nor has he improved its position in the market place. He accepted the position as a favor to rescue his long time friend James E. Shipley who was the previous CEO and who ran the company into the ground. It was not the first time that Shipley and his associates were in trouble with the SEC.
As a penny stock player, IMO, he and his associates are predators hiding behind unscrupulous attorneys and caring little about legal and contractual commitments or the stockholder. They are masters at procrastination, lies, and deceptive PR’s which serve the purpose to fleece the poor unsuspecting investor of his money.
They do not care about the stockholders or whether the company they manage will succeed, so stay away from any organization in which Mr. Roth and his associates are involved. It is factual that they owe me and others I know millions of shares of BCLE common stock which they refuse to issue and have failed in their fiduciary/contractual responsibility to do so by not complying with conversion requirements stipulated in several preferred stock Certificates of Designations. Legal action is imminent.
I shall continue to make this post on a regular basis until Mr. Roth and the BCLE management team fully complies with their contractual obligations and the millions of common shares are issued or legal action commences. This is their final opportunity to come clean in this matter. I challenge Mr. Roth to provide a response on this forum to this posting. GLTA
Please be careful about involving yourself with BCLE. BCLE owes me a substantial amount of common stock associated with a preferred conversion involving a large number of shares for which they have not delivered. Essentially, there has been a Breach of Contract going back to December 2011. Two complaints have been filed with the SEC. Many communications with Michael Roth have not resolved the matter and further action is pending.
The latest PR announcement may not be material. Check out Kyrgzy Alumina Inc. for their place of business as listed in the NV records and notice that George Roth, the father of Michael Roth, is involved as an agent. George Roth contracted with another company I was associated with as a major stock holder for thousands of dollars and never performed in accordance with the contract, yet took the money. Michael Roth has run BCLE since assuming the CEO position as a favor to James Shipley his long time friend who also founded and managed BCLE and caused many losses to the shareholders not only of BCLE but other penny stock companies he headed.
IMO, both the Roth’s, Shipley, and their associates are not to be trusted, penny stock game players, and shysters of the worse kind. It would not surprise me, based on many years of knowing these characters, that this PR is fallacious and the Officers listed are not to be found. I would be glad to admit being wrong if the company can show it is all legit and beneficial to BCLE.
It is my understanding that the business address as listed for Kyrgzy in the Nevada records is currently occupied by Air Touch Japan a cellular company. Stay away from BCLE. Demand current information. Perform your own due diligence before investing in this company and do yourself a major favor.
Does anyone have a working phone number for this company? Thanks
Yes, they are making moves but in what direction? Have you noticed that the BCLE website at biocleaninternational.com is unavailable. Did they pay their bill? GLTA
Mr. 305,
It is obvious that you have not read all my postings. I am a shareholder in BCLE. I am only looking for the execution of proper business practices, filings, notifications and updated information on the company which has been completely lacking the same for many months. I commend BCLE management for the new postings and their efforts; however, what I see is questionable and subject to further due diligence and review.
No games being played here, just honest analysis. I strongly hope that they are moving forward with the company to the benefit of the shareholders. You need to do your due dillegence and check out the information provided in the report. At that time, notice that Mr. Roth did not sign the report and I ask why. Also, no updated financials were included and have not been posted for over a year as required by NRS78. You should not make any assumptions and stick to your technicals. GLTA
Where did you get a copy of the preliminary annual report dated 10/31/11 to post? It has been removed from their website already for more updating and no longer available. I noticed and I suspect they did, after failing to proof the document, that there were factual and conflicting errors therein. What kind of game are they playing with the shareholders?
Let’s all agree. The loyal shareholders of BCLE have been fooled. A case in point. Has everyone read the words of confidence and wisdom by Mike Roth, CEO and President, posted on their website (biocleaninternational.com)and dated February 11, 2011? This was the first substantial communication from BCLE management after February 2010, when Mr. Roth assumed the leadership position, and occurred nearly one year after the resignation of James Shipley, his long time associate. Personal conversations with Mr. Roth and email documentation indicated that he was completely unprepared to assume his new position and uninformed about the company, its’ operations, or past history. Why he accepted the position is a question that needs further explanation.
It is now many months after that and the following items in this letter are still pending: 1) The postings on Facebook are two and contain wrong company information and no details about company activities; 2) There are no postings listed on Twitter; 3) There has been no PR or annual report to confirm the significant revenue from the Joint Ventures referred in the letter to bolster their fundraising efforts. What is more important, “What did BCLE have to give, i.e., assets, stock, etc., for any agreement for the Joint Ventures"? It was recently stated in a PR that BCLE would have to assume some of the debt of one of the companies. Did a dilution occur? 4) There has been no major changes in important status of the company in the OTC documentation since 2009; 5) He stated, these matters would be resolved in a short amount of time and they have not.
Referring to the shareholders, what did he mean that he appreciated our patience? Does he really expect any shareholder, or potential investor for that matter, to believe in the credibility and competency of management after such treatment, not answering his phone, no further updates or comments, referring any answers to email inquiries (info@biocleaninternational.com) be provided by the company attorney, and failing for over 9 months to follow through on those items emphasized in his letter? Who else does he work for? What other companies does he own or manage? Is BCLE a full time position for him?
Mr. Roth needs to reexamine his efforts and any plan he has to move the company forward. As head of the BCLE management team, his ultimate responsibility is to the shareholders which appears to be surely lacking in scope.
Beware that technical’s are subject to interpretation. You are to be commended and respected for staying by your principles and again, I hope your conclusions are correct for the sake of all; however, you are wrong about me being bitter and loosing money on BCLE. I want the company to succeed. Let me say that I have an inherited interest in this company. My comments may help the unsuspecting investor, and what concerns me mostly is to provide current, honest, and accurate information about the company so others can make an informed investment decision. Just consider that principle, character, legitimacy, and transparency are important concepts that BCLE's management seem to ignore for their own personal benefit and to the detriment of the shareholders. IMO, it is just a game they play and success of the company and concern for the stock price and shareholders are not their number one priority or may be no priority at all. GLTA
I truly hope you are right for all the shareholders; however, knowing the people with past and current involvement in BCLE, I have no faith in them or your technical’s.
It is not possible to anticipate what this management team is doing, if it is to the benefit of the company, or outright mismanagement of the company assets. They refuse to provide basic information about this public company, and until they do, I would not expect a major rise in the stock price in the near future. I believe legitimate market makers are even afraid of this stock.
Some of the items that need clarification and updating immediately are the number of authorized shares, the number of shareholders, the number of outstanding shares, and the number of shares in the float in order to provide any prudent investor/trader with confidence to play with the stock. An annual report as required by the State of Nevada, updated OTC information, truthful and verifiable PR’s, an independent audit, and openness would be a great help to provide more interest.
IMO, management does not follow basic business principles and required regulations and therefore are not to be trusted. There is always a chance that the stock may be diluted in the near future. GLTA.
A slight spelling correction, the company BCLE merged with in accordance with Nevada records was Remuda Inc and not Remudo Inc.
Sorry for the misinformation.
Does anybody know the real story on what is currently happening at BCLE under the leadership of Michael Roth? I suspect not since numerous inquiries to the same have resulted in no response. Why would anybody buy this stock without current information? It is in the hands of the market makers and until they decide to move it forward or exit, nothing will substantially happen with the company stock price.
Broken promise after promise to update the OTC information is a norm for BCLE and its’ management. Comments documented by emails from Michael Roth (CEO) and Robert Huston III (Part-time Company Attorney) have indicated to me that up-to-date information would be forthcoming soon and that was many months ago. Simply stated, nothing but lie after lie and further procrastination.
I would like to know were the assets of BCLE have been allocated? The State of Nevada corporation law requires that a financial report on the company be publicly filed annually. The last such limited report was September 30, 2010. I would like to know more about the recent merger with Remudo Inc. This merger was filed with the State of Nevada on 06/28/11, and the surviving entity was Bio Clean International Inc., with $350.00 the cost of the filing fee. There is little information about Remudo Inc. and after contact, its’ CEO/President refused to make comment, but one would suspect that if this action helped the financial standing of BCLE, at least a PR would have been issued. This does not pass the smell test.
There are more than one subsidiary appearing in past PR’s and in the Annual Report posted on the BCLE website on which there has been no follow-up information. These include Bio-Clean Energy Inc. and Nipatech Energy Inc.
Concerned shareholders need to contact the company at info@biocleaninternational.com and demand more information. Currently, they are still listed as defaulted with the State of Nevada and do not have a CA foreign company registration making the continuing conduct of business operations questionable. Managements credibility is low. It seems they can pay for a filing fee for a useless merger yet cannot pay the fees to update the OTC Information for the benefit of the shareholders.
Anybody. I see that BCLE is trading and being purchased below the par value. I don't see this very often. Can anyone explain how this can happen and what it really means? Thanks.
TavyCal,
You are right that there is no hope for this company. The shysters took everyone's money and they have vanished into the system. Have you noticed that ACLH is no longer a registered corporation and has defaulted in NV. You can thank Russel Kidder and his associates, especially James E. Shipley for this.
Anonymous777,
On the IHUB message board, you are listed as the moderator for BOCL, ACLH, and BCLE. Maybe you are the one who can explain the connections between these companies since BOCL management and other related posters maintain there is none. Any insight you can provide would certainly be beneficial to potential investors.
TradeLong,
You are right about some start-up companies. At the same time however, it may be hard to believe that “players and penny scammers” exist and often do not have a plan for company success nor do not want the company to even succeed. They play the OTC only to make the fast dollar then abruptly leave as fast as they entered after sucking up all the assets of the company. This happens everyday in the OTC markets.
Knowing the characters involved with BOCL and those behind the scenes, IMO they have little concern for the shareholder whatsoever and the unsuspecting investor. As I indicated previously, until proven otherwise, this is purely a “traders” stock and to be very cautious. Meaningless PR’s and announcements may serve as the backbone to hyping the stock price for a future sell-off. While having the appearance of “looking good” to those who might buy in, don’t believe everything you read without further due diligence of the companies, partners, joint ventures, and behind-the-scene individuals involved in the transactions.
IMO, given the past and current financial condition of BOCL as reported, there is no other explanation for this stock to raise 200% in one day unless it is being pumped and manipulated by the market makers and possibly insiders for a quick payoff. The group has arranged to have enough stock under their control to easily accomplish this task. I have seen these exact same tactics used in several other OTC companies associated and managed by some of the same individuals in this group where the shareholders were left holding a virtually worthless stock and incurred substantial non-recoverable losses because the company failed miserably under their management. This was due to either complete incompetence or may have been purposely planned.
BOCL may look to be legitimate; however, I am of the opinion the management are “players”. Mr. Marchi won’t even answer a few simple questions. Be aware of all the parameters before you make a trading and/or investing decision and believe what you so choose.
Torgay,
I believe it is you have the facts wrong. Please check the BOCL website and notice they have as a parter a product called "Green Rhino". This product is produced by American Bio-Tech Cleaning Inc (ABT) which is a wholly owned subsidiary of ACLH. ACLH purchased ABT from BCLE in February 2010. Another PR indicated that BOCL paid BCLE 3M shares of BOCL commmon stock for the Bio-Clean, Inc name which they used before changing it to Global NuTech Inc. What do you mean there is no link between these companies. Three of the major shareholders in BOCL as reported in a previous company information sheet are James Shipley (as an individual), Financial Capital Group LLC (James Shipley) and View Point Capital(John Connolly). Get real.
Where do you get your information about the strong financial condition of this company? Anyone contemplating an “investment” in BOCL needs to read the audited annual 10K report posted on April 15, 2011 in its entirety. When considering the history of its management, related partners, current financial condition, and general business practices, IMO, why anybody would “invest” in this company is beyond comprehension and common sense. This penny stock is for the “traders” and unscrupulous market-makers. The conclusions of the independent auditors as stated in the report are, “These matters raise substantial doubt about the Company's ability to continue as a going concern.” Do your due diligence, read the report, and make your own conclusions and trading decisions. Be careful with this group.
Where do you get your information about the strong financial condition of this company? Anyone contemplating an “investment” in BOCL needs to read the audited annual 10K report posted on April 15, 2011 in its entirety. When considering the history of its management, related partners, current financial condition, and general business practices, IMO, why anybody would “invest” in this company is beyond comprehension and common sense. This penny stock is for the “traders” and unscrupulous market-makers. The conclusions of the independent auditors as stated in the report are, “These matters raise substantial doubt about the Company's ability to continue as a going concern.” Do your due diligence, read the report, and make your own conclusions and trading decisions. Be careful with this group.
Do you know about NuTec Energy Inc, a subsidiary of Global NuTech Inc, and the recent PR which indicates it has signed a letter of intent for a joint venture with Wagley Oil & Gas Inc? NuTech Energy Inc is an active private NV corporation that has listed E.G. Marchi as the President, Secretary, and Director. It is not an established and prolific company but another arm of BOCL and Marchi. The address is listed as the same for Global NuTech Inc in Huntington Beach, CA. It does not have a city license or a CA foreign corporation registration either, yet is doing its’ business in CA. I have attempted to contact BOCL and Marchi requesting he return four inquiries initiated by phone and email. I have been ignored for several months.
There is an established relationship that can’t be ignored between BOCL, ACLH, and BCLE and/or their executive management, officers, consultants, directors, and it has been reported by public PR’s and published financial statements that they have a substantial amount of stock holdings in each other.
Wagley Oil & Gas Inc, a recently announced BOCL joint venture partner, is a Texas business only formed on March 14, 2011 and not a well establish and prolific business entity either. A director of this company is Tim Connolly, Russell Kidder’s cohort and long time associate in many OTC Market companies, who played an important role in ACLH as a consultant for Corporate Strategies Inc.
BOCL may be following the same pattern with the same individuals who continually produced, hyped, and promoted deceptive PR’s for BCLE and ACLH which led to their difficulties, ACLH’s SEC sanction and grey market status, BCLE management departures, stock sell offs after the pumping of the stock through friendly market-makers, transferring of assets, and subsequent questionable joint ventures, reorganizations, and name changes.
There was little concern for the shareholders of BCLE and ACLH who have suffered losses in the hundreds of thousands of dollars. These relationships do not inspire confidence in BOCL, whatever their motives may be, and their willingness and/or ability to succeed in the long run. Since BOCL is the only reporting company of the group, Mr. Marchi has the burden to keep their shareholders and the public honestly informed, answer all questions about the company, and to provide further explanation about current and/or past relationships with BCLE and ACLH which he continues to ignore.
IMO, all the “traders” may make a few dollars on the bounces and dips created by devious market-makers, but for all you “investors”, be aware of these relationships and consider placing your money elsewhere. All the information presented is contained in the public record and can be obtained by anyone doing proper due diligence for the above companies and their management personnel. GLTA
BOCL’s management just doesn’t get it or they do and prefer to purposely evade basic business ethics. If they can’t get their business in order, how can anyone expect to believe any PR that comes from BOCL? Have you read the recent 10K report filed on 04/15/11? The company at that time, had a make up of their solely owned subsidiary E-Clean Acquisitions Inc and its joint ventures of Enzyme Bio Sciences LLC and the Higa Corporation. This accounted for 225M, 50M, and 36M of their outstanding stock.
Is this some of the stock being referred to in the reorganization noted by the recent PR?
What does the recent PR announcement do for BOCL? It perpetuates their game. Treasury stock is not an asset if it's the companies own stock because they haven’t attained any new wealth, they’ve simply reclaimed paper attaining the rights to apiece of there own company. Treasury stock is considered a contra-stockholders equity account. So it gets deducted from the stockholder’s equity account on the balance sheet to arrive at the true stockholder equity balance. Is this another PR ploy to possibly draw in the unsuspecting investor to the company?
Global NuTech Inc, has no Huntington Beach city license, a current NV corporation registration, but no CA foreign registration. E-Clean Acquisitions Inc, has no Huntington Beach city license, a defaulted NV corporation registration, and no CA foreign registration. Enzyme Bio Sciences LLC has no Huntington Beach city license, a current NV corporation registration, but no CA foreign registration. Higa Corporation has no Orem UT city license, a defaulted NV corporation registration, and no CA foreign registration. What does this say about BOCL business activities, management, and their joint venture partners? It is simply an avoidance of local, State and Federal requirements that all such businesses must comply in order to legally conduct their businesses.
A friendly warning, as an investor, stay far away from this stock. Remember that behind the scenes participating as stockholders/consultants in the company may be James E. Shipley, Russell Kidder, and their associates. Look what happened to BCLE and ACLH under their direction! Do your due dillegence and GLTA.
Not likely at this time.
Begin,
Your questions are great so keep posting. Once again, having 5% of the outstanding shares is immaterial with regards to receiving a copy of the current stock ledger. If you are a shareholder of any NV corporation regardless of how many shares you own and have owned them for 6 months prior to the request, a company must provide you a copy of the current stock ledger within 5 days of your request. NSR 78-105 allows you to collect $25.00/day should they fail to do so. The 5% applies to any other person, not necessarily a shareholder, should they desire a copy. Realize that there may be a small charge for the copy. In BCLE's case, if the company updated and posted to the Pinksheets regularly with current information regarding the number of outstanding shares, number of shares in the float, number of shareholders, etc., there would be no need to examine the stock ledger. We have essentially had no credible information about BCLE since November 2009.
Begin,
I hold a substantial amount of convertible preferred stock and have no choice but to hold. NSR78-105 allows any shareholder of record for 6 months prior to the request to obtain a copy of the stock ledger of a Nevada Corporation within 5 days of the request. The 5% requirement applies to any person, not necessarily a shareholder, who can obtain authorization of 5% of the current shareholders.
Begin,
That is a good question. I obtained a copy of the stock ledger but it was outdated. All the current stock holders should post there concerns and if they desire, request their own copy of the stock ledger from BCLE IAW NRS78-105 as part of the public record. In the one I received, several familiar names associated with past BCLE management, ACLH, and BOCL had millions of shares; IMO, however, this is not current information because the company has failed to keep the required records IAW NRS78-105 and provide them to a shareholder as per his rightful request. This is the connection I mentioned between individuals associated in some manner with each of the foregoing companies. The legality and manner by which BCLE, ACLH, and BOCL continue to conduct themselves as business entities and public corporations is certainly worth more scrutiny. GLTA
TO ALL BCLE SHARHOLDERS,
I believe that things may get worse at BCLE. We are being toyed and played with by Mr. Roth, his board of directors, and their counsel Mr. Bob Huston. And don’t let anyone tell you that there is no connection between BCLE, BOCL, and ACLH.
There has been essentially no information from a credible source at BCLE since November 2009. Requests for specific clarifications of the company status have been ignored from several posters on this board. It is obvious that the new management and directors of BCLE could care less about the shareholders and IMO continue to ignore their fiduciary responsibilities.
This is an update to my posting #4361 where Mr. Huston specifically stated in an email to me that certain actions regarding BCLE would be completed within a time frame identified in the posting. The identified actions have not occurred.
I sent a follow-up email to Mr. Huston and Mr. Roth on 01/06/11 containing the following request and again there has been no response. The contents of that email are as follows:
“The time has passed that you indicated certain actions would take place with BCLE. Please confirm that the account with Continental Stock Transfer is no longer in the arrears and is now up-to-date. Please confirm that BCLE now has in their possession a current stock ledger as required by NRS78-105. Please confirm that BCLE has obtained all the required licenses and registrations required to conduct business in CA. Please confirm that the updated pinksheet information has been submitted for posting to the Pinksheets site. Please confirm that a PR announcement of the current company status and its plans to move forward will be issued shortly. Please confirm the company’s status in pursuing Mr. Shipley for back compensation and other matters associated with his reign as Chairman, CEO, and President of BCLE. Thank you for your time and consideration. I wish you a happy New Year.”
As previously requested many times, the company assets and location thereof, after Mr. Shipley’s and his Board’s departure and the installation of Mr. Roth as Chairman, CEO and President, 11 months ago, have not been verified to the shareholders. Again, because of the lack of transparency, IMO, this is not a stock to be purchased. IMO, the only way BCLE can move forward is by bringing new investors into the company. Ask yourself, who is going to invest in a company that lacks transparency and integrity and has incompetent and dishonest management. It is unfortunate and a shame that the shareholders of BCLE, their families, and friends have lost thousands of dollars because of the actions of unscrupulous and self-serving individuals.
I suggest that any concerned shareholder contact the company counsel, Mr. Huston III, at (Tel): 949-719-0565, (Fax): 949-719-0565, (Eml): bob_huston@yahoo.com and Mr. Roth, at (Tel): 714-610-9347, (Eml): mroth@sccllc.net, and request a full explanation as to the items presented above, otherwise, you might want to consider that your investments are probably unrecoverable. There are several posters at the ACLH message board now considering and others calling for a lawsuit against Mr. Kidder and his management of ACLH. If it should be necessary, consider joining an action against BCLE as well. GLTA
TO ALL BCLE SHAREHOLDERS,
I have recently been in contact with BCLE’s counsel, Robert Huston III, about several matters. Michael Roth (CEO) and his team refuse to talk and provide any information regarding the company since Shipley’s departure. I have been scorned with disrespect, disdain, and unfairly labeled for making threats for only wanting to be treated fairly and honestly with regards to some serious questions about the company operations. Rather strange for a Public Company.
BCLE is no longer located at its’ second “virtual office” of 30021 Tomas St. in Rancho Santa Margarita. They left this office on November 1, 2010. They have not had an “actual” office since before February 17, 2010 when Shipley skipped and Roth took over. The company’s present location is anyone’s guess.
I have been informed in an email by Mr. Huston that the Pinksheets should be updated by the end of next week with new disclosure information.
Since September 7, 2010, they were suspended by their transfer agent, Continental Stock Transfer, for being in the arrears. Obviously they had “no assets” to satisfy their bills. A question all BCLE shareholders should be asking and which needs answering is, where did all their assets go?
Has anyone tried to sell any stock after September 7, 2010? I spoke with the Chief Operations Officer of Continental, Mr. Gress, and he said they would not perform any transactions until they had been paid. Mr. Huston once again assured me that Continental would be up-to-date within a week.
In accordance with several sites, like Trading Direct, there were over 6M shares of BCLE traded between September 8 and December 2. These transaction must have been broker to broker and out of the DTC account. On a copy of the stock ledger I received, the DTC account contained over 114M shares. What it now contains is unknown. With this type of trade, unless the buyer specifically requests a certificate, the transfer agent would never have a record of who the buyer and seller were. You might gain access to the NOBO list, but probably not all the names of the stockholders could be identified who have placed their stock in the DTC.
With regards to the simple things, IMO, BCLE has been shutdown since Shipley’s departure. No information and little progress has been made to move the company forward. I was told by Michael Roth that the company had no assets when he assumed the helm. I told Mr. Huston that it is the responsibility of the company to determine where the assets went and to investigate Mr. Shipley and his management team, make a determination, and report to the stockholders. I requested the resignation of Mr. Roth and his Board unless such action was taken.
Mr. Huston said that he represents both the BCLE company and Mr. Shipley, as a past officer, because of the requirements of the by-laws to indemnify management. I made it clear that I thought this was a conflict of interest and would not apply if there was any determination of actual wrongdoing.
BCLE is currently in violation of several regulatory statutes which include NR78-105, Nevada Corporate law, that requires the company to “annually” update the shareholders list. I recently requested a copy of the stock ledger and was provided one dated 10/30/2009 after two months of badgering. The excessive delay included insisting I was not a shareholder of record, among other things. This was an absolute joke. Other regulatory items include the failure to register as a California “foreign” corporation, essentially making it illegal to conduct business in the state where they say they are located, and the failure to pay business taxes by not obtaining local city licenses. As far as Federal and State taxes, it is anyone’s guess.
IMHO, this stock is a risky investment because of the lack of transparency by management and questionable business practices.
I suggest that any concerned shareholder contact the company counsel, Mr. Huston III, at (Tel): 949-719-0565, (Fax): 949-719-0565, (Eml): bob_huston@yahoo.com and request a full explanation as to the items presented above. I hope everyone has a great Holiday Season and a safe New Year. GLTA
Ares just called me regarding BOCL. It seems he was hired about 2-3 weeks ago as their IR person and is no longer associated with ACLH. It is obvious from the conversation, he either does not know much about BOCL or is afraid to convey information until it is approved by the powers that be. I asked several questions regarding the relationship between BOCL and BCLE and he would not provide the answers and could only forward them on to Mr. Marchi for guidance. Respectively, he said he would return my email request once he received the information.
He didn’t know the names of the company’s general and securities counsel's and this makes me very uneasy. One interesting item is he confirmed that James E. Shipley of Bio-Clean International Inc. (BCLE) fame has been hired as a consultant for the company. Watch out for this individual. Until more transparency is exhibited, IMO stay far away from this company.
IMO, before I would invest more money into BOCL, the company needs to be more transparent and provide additional information about their operations. In accordance with recent announcements, BOCL recently formed another private corporation called E-Clean Acquisitions Corporation (EAC) as a subsidiary to do its bidding with other subsidiaries and joint ventures. It was reported that it was EAC who signed a joint venture with the HIGA Corporation (private corporation). It appears from the records this corporation only recently filed with the State of Nevada on 11/12/2010. Little information is mentioned about the HIGA Corporation, its’ history, products and services, other than its business is rubber products on the Form 8-K. HIGA is not mentioned on the BOCL website even though the agreement was finalized on 10/31/2010. How could an agreement be finalized between EAC and HIGA when HIGA was not even a corporation in good standing with the State of Nevada until 11/12/2010? It appears BOCL provided HIGA 36M shares of common restricted stock having an affect of diluting the value for all BOCL shareholders. Something just isn’t right and a further explanation is needed.
These characters never put up actual funds for anything. The acquisition of subsidiaries and joint ventures are always done with the exchange of company stock. The same pattern of Pinksheet behavior occured with BCLE and ACLH while both of these companies supposedly have stock in BOCL. Be careful and don’t believe everything that is stated in any PR or on their website until further information is known. The PR’s and joint ventures could be just fluff to mask what is actually going on within this company. Everyone considering more investments in BOCL needs to search out the answers to these questions and post any information on the message board for the benefit of all the shareholders and potential investors. Contact Mr. Marchi for further clarification at 714-373-1930 or info@globalnutechinc.com. Insist on BOCL providing the name of the company counsel and securities counsel. There is no reason why this shouldn’t be a part of their Pinksheets information or the public record. GLTA.
Has anyone done their due diligence with regards to BOCL? In accordance with the company disclosure of September 20, 2010, James Shipley has 8M shares of BOCL, Financial Capital Group LLC (Shipley and friends) has 12M shares, and Viewpoint Capital LLC (Connelly/Kidder) have 12M shares. These are the same characters who managed and were involved with ACLH and BCLE and we all know what happened to these companies. IMO, BOCL is being set up for the pump. It may suffer the same fate of failure as with BCLE and ALCH. The shareholders are the least of their concerns. The games these individuals play within the Pinksheets with BOCL is no different than those they have done several times in the past. I have personally sent four emails to Mr. Marchi during the past week for clarification on the current relationship of BOCL and BCLE and have not received a response. They simply ignore the situation. They will not provide the name of the company counsel and securities counsel so they can be contacted. Does anyone know who they are and if so please post it on the message board? There is no transparency by BOCL management. Those shareholders who purchased this stock when it was previously at the $.67 level on 11/09/2009, have lost thousands of dollars. Do you really think that your investment will be recovered before these characters take their money and run and ruin this company as was the case with ACLH and BCLE? Just be warned to do your due diligence and make your own investment decisions using all the tools available for that purpose. Don’t always believe what is stated in any PR.
I don’t believe that the SDVOSB status was touted; however, it was never reported that they were no longer a disabled veterans qualified business. They have removed the icons on their website but when going to I-HUB this morning, BCLE is still being shown as having that status. It has been confirmed by email to another shareholder by Mr. Huston, the company counsel, that BCLE is no longer a SDVOSB.
There was little information coming from BCLE management after November 2009. In fact, when you called the BCLE number it was being answered by employees of ACLH, a later suspended company by the SEC. There was no one to talk with, namely Shipley, Finn, or Dunne. Between November 2009 and February 17, 2010, Shipley and Finn were not on friendly terms. I have talked with John Finn. It appears the dissatisfaction resulted when Shipley failed to provide all the contracts that were promise and money being received was going to BCLE (Shipley) leaving out ABC. John Finn always owned American Bio-Clean corporation (ABC) and was the qualifier for the SDVOSB. What is important is that it was stated that BCLE owned 41% of ABC. When Shipley and group skipped on February 17, 2010, it was indicated that ABC was no longer a subsidiary but would remain on the books as an investment only.
IMO something really stinks about what took place and why Shipley and group left so abruptly. As a large shareholder in BCLE, my question is what did BCLE receive for its 41% of the private corporation owned by John Finn? How did the agreement benefit the shareholders of BCLE? IMO BCLE probably received little for or an inequitable exchange of assets to let John Finn walk away for fear of legal action. Knowing Jim Shipley for many years, I’m sure Shipley made out just fine while the shareholders got screwed once again. As a veteran myself who invested in this company, I would suggest all veterans call or email Mr. Roth and Mr. Huston and request an explanation of the above. At the same time, request they answer the questions posted in message #4330 on this board. Mr. Roth can be reached at mroth@sccllc.net or 741-610-9347 and Mr. Huston at bob_huston@yahoo.com or 949-710-0565.
Nisbo, you have all the right to be mad at BCLE management. They have not been a SDVOSB since the February 17, 2010 announcement and the installation of Michael Roth as the new CEO. All the veterans who invested in this company need to contact Mr. Huston and demand that Michael Roth provide answers to the questions in Rockyracoon's posting #4330. His contact information is in post #4342. With their willingness ho hide behind an attorney and not provide accurate and current information about the company, the shareholders are simply being played with and ignored. IMO, BCLE is now a very risky investment. It is your money and not theirs that is or has already evaporated away or been placed in the pockets of unworthy characters.
Before Mr. Shipley skipped and when Michael Roth was appointed the new CEO on February 17, 2010, BCLE supposedly had 41% of the common shares of American Bio-Clean Corporation (ABC). It was ABC who was the qualifier as a disabled verterans business. The PR also stated that the status of ABC was modified on the books from one of a subsidiary to an investment only. IMO, what really happend was that John Finn who owned ABC and Shipley got into a disagreement that resulted in the departure of John Finn and the termination of their relationship. It is yet to be determined what BCLE received for their 41% for the shareholders. I expect it wasn't much but an agreement for Finn to depart and not litigate the matter. Once again, the shareholders were screwed because of Shipleys actions as the CEO. I have been told that BCLE is no longer qualified to be a disabled verterans business.