Almost certainly a scam.Money will be required up front at some stage.Google SEC and check 'company' details.Meanwhile,see below for results of fraudsters trial. Genuine claimants may yet see some recompense.



On July 23, 2013, U.S. District Judge Mary Scriven imposed the following sentences: Paul Robert Gunter (64), 25 years in federal prison; Simon Andrew Odoni (56), 13 years, 4 months in federal prison; and Richard Sinclair Pope (55), 4 years, 9 months in federal prison for their respective roles in the investment fraud and money laundering scheme. In accordance with U.S. law, these individuals will serve at least 85% of their sentences (absent very special circumstances currently not present). The Judge also ordered all three to forfeit their interests in real property and bank accounts in the U.S. and abroad as well as personal property purchased with proceeds from the fraud scheme, and entered money judgments in excess of $137 million against Gunter and Odoni.



According to evidence and testimony presented at trial, from at least July 2004 through at least March 13, 2008, victim-investors wired more than $127 million to bank accounts controlled by Gunter in the Middle District of Florida. The defendants also bilked victim-investors out of another $10 million via a FOREX currency trading scheme. In lieu of a restitution order, the Judge granted the government’s request to use seized assets, which include approximately $5 million in U.S currency and a variety of real estate and personal property including an airplane, vessels, and vehicles, to help compensate victims for their losses through a process known as “remission”. The U.S., through the Asset Forfeiture and Money Laundering Section (AFMLS) and a claims administrator, will be contacting as many victims as possible regarding their investments in entities linked to the defendants. Remission of forfeited property to the victims will more efficiently and effectively serve the goal of victim restitution in this particular case. We reiterate our commitment to returning to fraud victims any property that is forfeited to the U.S., in accordance with applicable law. As the remission process moves forward, updates will be posted to this website.



Charges are still pending against the remaining defendant, Lawrence S. Hartman (a/k/a Larry Hartman) who was recently expelled and deported by Nicaraguan authorities. He is now in U.S. custody. Mr. Hartman is currently set for trial in September 2013.



Website link:



http://www.justice.gov/usao/flm/programs/vw/gunter/usvgunter_UPDATED.html

Gunter update

http://www.justice.gov/usao/flm/programs/vw/gunter/usvgunter_UPDATED.html

Gunter update

http://www.justice.gov/usao/flm/programs/vw/gunter/usvgunter_UPDATED.html

For anyone remaining with a long memory the Gunter et al trial is finally under way after multiple delays. The 'group' are accused of malpractice by the SEC in their 'set-up and dealings re Mobile Stream....one of GBRCs' 'acquisitions'.

http://www.justice.gov/usao/flm/programs/vw/gunter/usvgunter.html

After multiple delays GUNTER et al trial finally under way.

http://www.justice.gov/usao/flm/programs/vw/gunter/usvgunter.html

Recent update....

http://www.justice.gov/usao/flm/programs/vw/gunter/usvgunter.html

Recent update...

http://www.justice.gov/usao/flm/programs/vw/gunter/usvgunter.html

After 6 years of 'fun' with GBRC (and other companies), I've managed to get a bit more 'savvy' re investment basics, but for in depth info re legal issues etc others are much more able. Both Ihub and Yahoo boards have accessible history to answer most queries you might have and the SEC filings will certainly provide all the information you would need to gain insight into the murky depths of GBRC, as orchestrated by our erstwhile CEO Frank Pringle.

You also could try asking our current moderator, Hawk Hogan, to give you the benefit of his experience re GBRC. As a previous employee he was in a position to fully 'understand' the intracacies of recovering oil using Microwave technology as applied to used tyres,general waste, tar sands etc. His viewpoint is well known by many!

As to status quo with GBRC...as far as I am aware trading remains suspended. It does not look like there is any way back at this point. I await with interest the court case you posted about....kick-off in January 2012 (if no further delays)and should take about 3 months. As far as I know Pringle has not been named with regard to charges made and it remains to be seen if he is called in any way to the hearing.If fraudulent practices (re MSRM stock selling by the defendents) are proved it is difficult to see how senior officers of MSRM/GBRC will not be subsequently questioned.
You asked how issues could slip through.....by way of one example, if you refer to the S1 of 2008 you will see great detail re the MobileStream Liquidating trust which was set up to look after the rights of MSRM stock holders after the GBRC acquisition. That trust is a legal body which to date has failed to provide the necessary protection. Set up conditions do not appear to have been adhered to....so no surprise there then....

Unfortunately it looks like the Microwave technology as applied by GBRC was flawed....so unless someone comes along with money and a solution then final rites surely cannot be far away.

This from the prospectus summary of GRC SEC filing (S1A) 22nd Oct 2008.
"On December 31, 2006, we acquired the assets of Mobilestream Oil, Inc.
("Mobilestream")pursuant to a plan and agreement of reorganization dated
November 28, 2006 (the "Mobilestream Acquisition Agreement") between the Company
and Mobilestream. At the time of the Mobilestream acquisition, Mobilestream was
controlled by Frank G. Pringle, our Chairman, and at the time of the
acquisition, our President and CEO. No Mobilestream stockholder was a party to
the Mobilestream Acquisition Agreement. We issued to Mobilestream 11,145,225
shares of our Common Stock. We also issued 35,236,188 shares of our 2006 Series
of Convertible Preferred Stock to Mr. Pringle. Lastly, we issued to Mobilestream
common stock purchase warrants (the "Mobilestream Warrants") to purchase shares
of our common stock on the basis of 1 Mobilestream Warrant for each 3 shares of
either Mobilestream common stock or preferred stock exercisable at $4.75 per
share for a period ending on December 31, 2007. Subsequently, our Board of
Directors extended the exercise date of the Mobilestream Warrants to December
31, 2008. We also assumed Mobilestream's liabilities which were minimal."

GRC aqcuired Carbon Recovery (CRC)and Mobile Stream (MSRM) in September /December 2006 respectively. A number of issues re the acquisition were dependent upon the registration of the newly acquired stock..... application for which was submitted to the SEC in February 2008.However, a 'Declaration of Effectiveness' from the SEC was never achieved by GRC and so MSRM/CRC stock holders have claims remaining against GRC.

IMO this is relevant to the USA v Gunther et al case because non-USA resident MRSM holders who have made a formal 'declaration of interest' to the court will be eligible for compensation if the USA prevails, although their MSRM shares remain apparently part of GRC stock,notwithstanding the above.

August update for Gunter et al proceedings

http://www.justice.gov/usao/flm/vw/usvsgunter.html

16th August update

http://www.justice.gov/usao/flm/vw/usvsgunter.html

Status Update 13thMay 2011

http://www.justice.gov/usao/flm/vw/usvsgunter.html

Update

http://www.justice.gov/usao/flm/vw/usvsgunter.html

Or even the MSRM IHub link


http://investorshub.advfn.com/boards/board.aspx?board_id=6289

You may well be correct re the conversion point but I cannot see any reason why the SEC were not able to indicate so (without compromising any imminent issues).I chased them long enough for answers with nothing publicly forthcoming and surely long suffering investors were due something to explain the situation.

MSRM update



http://www.justice.gov/usao/flm/vw/usvsgunter.html

MSRM fraud case delayed another month

http://www.justice.gov/usao/flm/vw/usvsgunter.html

International Power Group ltd (IPWG) and International Power plc (IPR on LSE)

IPPLC has interest in expanding it's power station production into Tihama...an area bordering the red sea split between SA and the Yemen, specifically in Jizan in south west SA... see following link:

http://www.marine-news.net/Saudi_Aramco_to_Invest_USD1_Billion_in_Six_Captive_Power_Plants-i21728.html

IPWG has also seemingly shown interest in Jizan but in waste to energy rather than power production as apparently evidenced by the much posted 'IPWG' links on the subject.
However, it seems that any progress only got as far as commissioning by the SA authority. Now, although there are various interpretations for the word commission eg in Wikipedia, the Oxford English version gives a first option as 'the giving of authority to a person to perform a task' ie in the IPWG case not necessarily meaning the completion of a plant.

So, presumably, if IPWG really did look at SA as well as many other sites there appears to be no evidence that anything was ever built...anywhere.This, to me, seems the most likely current scenario...which no doubt IPWG could confirm.

Further update to MSRM case

http://www.justice.gov/usao/flm/vw/usvsgunter.html

Further update to MSRM case


http://www.justice.gov/usao/flm/vw/usvsgunter.html

Correction to today's announcement..(typo only)



http://globalresourcecorp.ir.stockpr.com/recent-news/detail/583

Very possible although elaborate.....guess anything is accepable if it is legal and gets cash in...wonder how high it bounces? You never know...we might get registered next!!LOL

GRC responds to UAF auction claim



http://globalresourcecorp.ir.stockpr.com/recent-news/detail/573

This is what we want to see.....up 4.3% so far


http://www.tase.co.il/TASEEng/General/Company/companyMainData.htm?subDataType=0&companyID=002028&shareID=01082379

DB...I read only the second link in Scan's Yorkville info (when it was first posted) and this was about a deal with Orckit...so I made no report here. On accessing the first link (after now seeing your comment)it definitely confirms yet a further amount in the deal with YA. You may well be right about the price 'holding'. Expect Monday and Tuesday to be more 'interesting' than Q1 in May, pps wise. As I mentioned a few weeks ago still no efforts by TJ to align reports with other 'like' companies. Maybe operating with two exchanges is the main reason but in this electronic age surely earlier than 6 weeks is possible.

Welcome to this board Glen......more people more 'action' ....

Chardan report from Globes now available:

http://www.globes.co.il/serveen/globes/docview.asp?did=1000580034&fid=1725

Rewards will be all the sweeter.....

TWSRF up 21%

That's good to hear! We should therefore start motoring soon....

Nasdaq shows nice 5% 'up' start

Apparently, Jay Sritsva, Chardan Capital Markets has set the ball rolling....have'nt traced article yet.

Q2 soon


http://www.towersemi.com/ir-events.html

Down and up day on Tase.

http://www.tase.co.il/TASEEng/General/Company/companyMainData.htm?subDataType=0&companyID=002028&shareID=01082379

UP is best

Nice partial recovery after over reaction to the Lebanon skirmish.

Apparently WS single most important requirement for strong company support/acclaim is revenue....even more than earnings, but I suppose that accepts other standard criteria are satisfied. Here's to continued debt reduction.

3 working days to Q2

10th will soon be here......

Hopefully....and results to match those of other semis should do it, but grant money would be icing on the cake and give the right message to those institutional investors we still need on board.

Agreed.....but there is a time issue for warrant holders so here's to significant progress towards black figures.....best aided by continuing upward sales/deals and reduction of that historical debt. Positive grant news would also be very supportive but not vital. Unless the Q2 results are outstanding ie much better than estimated (which maybe we would have heard about by now)then I think pps movement is likely to be similar to post Q1. Strongly upward pps is long overdue for those ever patient longs. Earnings 10th not 2nd.

Globes announce TJ not in favour of acquisition at present....



http://translate.google.com/translate?u=http%3A%2F%2Fwww.globes.co.il%2Fnews%2Farticle.aspx%3Fdid%3D1000578480&sl=iw&tl=en&hl=&ie=UTF-8

and $1 by when........end of year?