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In 2008, sales were $290k, with a cost of goods at $250k resulting in a gross profit of $40k before operating expenses of $254k resulting in a net loss of ($214k).
In 2009 (YTD thru 2nd quarter), sales were $224k, with a cost of goods at $187k resulting in a gross profit of $38k before operating expenses of $166k resulting in a net loss of ($131k). Factoring in the announcement in November 2008 of the introduction of the "Evolution 300" which allegedly will save 33% in cost of goods savings, one could theoretically project the resultant year end optimistic results as follows (I recognize this is just a guess, but we have nothing additional to go on since 3rd quarter financials are delinquent):
2009:
Projected sales = $448k (double 1st 2 quarters)
Projected cost of goods = $312k ($187 + ($187 x (1 - 33%))
Gross Profit = $136k
Operating expenses = $332k ($166k x 2)
Net loss = ($196k)
From the EVSO press releases, it is unclear what the actual volume of sales that were completed across the two years, but by my tally, there was 5.734MW announced in 2008, and 8.5MW announced in 2009 (representing a 33% increase in sales). Therefore, the resultant profit increase is probably overly optimistic, especially in light of the ongoing operating expenses not being trimmed and the addition of personnel and ongoing advertising blitz, resulting in a net loss that may be too optimistic - again just a guess, but probably not too far off.
Issuance of another 2.5 million shares of stock for the 1st 2 quarters of the year to fund ongoing operations does not excite me from a share valuation standpoint. This is probably yet another analysis that could be performed by others, but at the end of the day, penny stocks are primarily about promotion, and not actual financial performance.
Congrats on the trading - you have done well (doubled) if you started from the 1:500 split back in September! Only $17.80 to go to reach the high from a year ago if you were a former OXFD shareholder!
Today's press release:
"Dec. 14, 2009 (Business Wire) -- Emerging Healthcare Solutions, Inc. (PinkSheets: EHSI) took another strong step forward today with its announcement of a licensing agreement with Telemedicus, Inc. Telemedicus owns a proprietary medical communications technology that provides a resource that could be of strategic importance under the new $1 Trillion health-care bill making its way through congress. "
Unfortunately, the Telemedicine technology apparently being acquired from it's sister company, NWND (f/k/a Telemedicus, TMDI.pk, which is also run by EHSI's CEO, Kathleen Delaney), has not proven to be a developed technology. In fact, the licensing agreement TMDI had with the University of Texas had expired the end of 2008 after TMDI welched on making ANY payments towards its initial $70k license fee (renegotiated from not paying the fee in 2007 either) for a technology that was never brought to fruition! In fact, the 2009 licensing fee of another $70k appears to be due by the end of this year, and subsequent annual $100k licensing amounts appear to be in question. Here is more specifics from the NWND financials:
"Those grants [for the technology] have recently expired [2008] and we are seeking a buyer who has the necessary resources to bring this technology to fruition".
So in a nut shell, Delaney is transferring the unlicensed and undeveloped product from NWND over to EHSI - with no one and no cash to develop the potential resource, and no indication that they intend to honor any of the licensing agreements.
Furthermore....the technology is still subject to pending litigation:
"On May 31, 2007, Emtel, Inc. filed a lawsuit against us (Emtel, Inc. v. Lipid Labs, Inc., Specialists on Call, Inc., Tele-med Dox, LLC DBA Telemeddox, Inc., and Doctors Telehealth Network, Inc.) in the United States District Court for the Southern District of Texas Houston division, filed May 31, 2007, Case 4:07-cv-01798. The lawsuit claims that the Telemedicus technology infringes upon a patent held by EMTEL. Company counsel feels that we will prevail upon the merits of the case and that the lawsuit will not materially affect the execution of our business plan."
News release:
Dec. 8, 2009 (Business Wire) -- Emerging Healthcare Solutions, Inc. (PinkSheets:EHSI) today announced the expansion of their services to include communications and software technologies related to health care. In addition to treatment solutions, EHSI expects to see substantial improvements in patient care and significant reductions in health care costs from new communications and software technologies.
Examples include requirements under consideration for electronic medical records and electronic prescriptions. These technologies are targeted to be an integral component of reduced health care costs. The internet has revolutionized how business gets done in the last 15 years and it is not set to impact health care. Huge profits await the winners in this race.
EHSI will work with health technology companies to maximize their profits under the new government programs. We are positioned to help healthcare technologies companies with strategies needed to compete and win.
Commentary opinion - it is unclear from the press release how they are "positioned to help healthcare technologies companies with strategies needed to compete and win" ?? Without any employees with technical or medical background experience, no products, no business plan, no track record, and no assets or meaningful cash, this claim seems unrealistic to me.
Cryptic press release from EHSI:
December 04, 2009
"Emerging Healthcare Solutions, Inc. (PinkSheets: EHSI) today announced the Company has entered into discussions with a Houston-based medical company relating to its patented, and patent pending, genetics technologies. Emerging Healthcare expects the negotiations will result in the companies agreeing to work together to deliver these cutting edge stem cell technologies to national and international medical markets. "
Only specifics related above is where the company is [Houston]
No specifics on who that company is?
No specifics on what generic "genetics" or "stem cell" technologies it is?
No specifics on timeline of when the negotiations are expected to yield results?
No specifics on how the company intends to deliver these technologies to market?
No specifics on why this is important enough to be in a press release (potential revenue)?
actually, the numbers are not good, but not necessarily bad either for the short term:
"Price and moving averages has closed above its Short term moving average. Short term moving average is below its mid-term; and below long term moving averages. From the relationship between price and moving averages; we can see that: this stock is NEUTRAL in short-term; and BEARISH in mid-long term."
The company has updated their website: http://www.nationalwindsolutions.com/
A few noticeable items:
Website: "NWND develops clean energy solutions for Alternative Energy Companies focused on energy security in America."
Financials: "We are currently in the development stage."
Website: "The Company delivers expertise and leadership to its clients and partners with innovative leaders to realize new solutions to the world energy crisis"
Financials: "We have no full-time employee and no part-time employees."
Website: "NWND works with client companies to develop new energy technologies and the strategies to make them profitable."
Financials: Sales = $0
Website: "we have chosen to work with multiple companies and technologies"
Financials: The company has no products.
Website: "We provide management expertise and technology so our clients can capture this opportunity"
Financials - see above - no employees or products.
Website: "Strong client retention levels"
Financials: No sales.
Website: Corporate address still shows erroneous San Antonio address of "1815 IH 10 West, Suite 110 San Antonio, TX 78230....The Company is headquartered in Sugarland, Texas, near the Gulf Coast."
Financials: "1240 Blalock Road, Suite 110, Houston, TX, 77057 [not in Sugar Land]"
Website: "We provide strong relationships and experience in the development of alternative energy resources across most industry sectors"
Financials: Kathleen Delaney and Maurice Stone have no such experience.
Website: "We deliver business management experience, strategic design expertise and strong industry relationships....Our core service is our expert management consulting service for organizations planning alternative energy generation facilities both in the U.S. and overseas"
Financials: Are we to assume that SEC suspended companies SSLR and GAEC qualify for this statement?
Website: "In the end, it’s always about the money."
Financials: "we suffered cumulative losses since we re-entered the development stage of $7,789,503 and a working capital deficit of $928,514 at June 30, 2009....Additional financing is required to continue operations. Although actively searching for available capital,the Company does not have any current arrangements for additional outside sources of financing and cannot provide any assurance that such financing will be available."
On the positive note, the company seems adept at putting abundant superlatives to attract new investors on it's website:
"BILLIONS OF DOLLARS LOST TO OUR ENEMIES"
"Billions Lost, Billions to be Gained"
"America fought for freedom from the tyranny of British rule hundreds of years ago. Today, with the help of our shareholders, we begin the fight against the tyranny of a world energy cabal that strangles the economy and lifestyle of millions of Americans."
"Tyranny comes in many forms"
"The next wave of future winners is coming up the trail RIGHT NOW!"
"Pioneering the Path to Tomorrow's Energy"
"Pioneers on the New Frontier."
"...we can benefit from the winners without being hurt by the losers"
Not sure if anyone saw this award: http://www.sunrisesolarcorp.com/awards.html
The National Black Chamber of Commerce awarded Sunrise Solar Corporation and our [former] President/CEO Maurice Stone for Innovator of the Year.
Maurice is on the NBCC Energy Board - it is unclear if he self nominated himself for the award.
Commentary opinion on press release:
"Emerging Healthcare Solutions, Inc. today announced their American health care initiative." - details not provided.
"Fifty million new patients are set to explode on the healthcare system with the passage of national healthcare legislation." - EHSI does not elaborate on how they intend to take advantage of this situation.
"Congress has announced that one trillion dollars in new spending will be created by their national health care program." - the implication that EHSI will get part of this "trillion dollars" is intriguing, yet totally without substance as it applies to the company.
"EHSI will work with health care companies to maximize their profits under the new government programs. We are positioned to help healthcare providers, medical technologies and servicing companies with new strategies needed to compete." - It is unclear how the company will actually implement such a strategy without any experience in the medical field and no employees.
"BILLIONS will be made by the winners in the New Healthcare Economy." - EHSI does not proclaim to be one of those "winners"
"A new wave of smaller health related companies are poised to grow rapidly by delivering products and services that society wants and needs quickly. Healthcare spending is the third largest component of the U.S. gross domestic product (after government and real estate), and will reach $2.8 trillion in 2011." - again no specifics on how the company will actually capitalize on this revalation.
"Higher prices and fees--especially for prescription drugs, medical devices, and medical services--and aging baby boomers are fueling growth. The Census Bureau estimates that the population 65 years of age or older will increase 50 percent over the next 20 years." - relavancy to EHSI?
"The largest players in the Dow Jones U.S. Healthcare Sector Index are Johnson & Johnson, (NYSE: JNJ), Pfizer, Inc. (NYSE: PFE), and Merck & Co. (NYSE: MRK). All are expected to see expanded revenue under the various national health plans currently working their way through congress." - noticeably absent from this list is EHSI.
"Emerging Healthcare Solutions, Inc. is a company dedicated to providing guidance to participants in the healthcare industry. Our primary goal is to give you a roadmap showing how to realize enormous profits from the changes occurring right now in the healthcare industry." - EHSI provides roadmaps - trying to move in on the service station approach?
Emerging Healthcare Launches Health Initiative
Dec. 1, 2009 (Business Wire) -- Emerging Healthcare Solutions, Inc. (PinkSheets:EHSI) today announced their American health care initiative. Fifty million new patients are set to explode on the healthcare system with the passage of national healthcare legislation.
Congress has announced that one trillion dollars in new spending will be created by their national health care program. EHSI will work with health care companies to maximize their profits under the new government programs. We are positioned to help healthcare providers, medical technologies and servicing companies with new strategies needed to compete. BILLIONS will be made by the winners in the New Healthcare Economy.
A new wave of smaller health related companies are poised to grow rapidly by delivering products and services that society wants and needs quickly. Healthcare spending is the third largest component of the U.S. gross domestic product (after government and real estate), and will reach $2.8 trillion in 2011.
According to estimates from the Centers for Medicare and Medicaid Services, annual healthcare spending increased an average 8.3 percent during the past two years, and should grow 7.3 percent annually through 2011.
Higher prices and fees--especially for prescription drugs, medical devices, and medical services--and aging baby boomers are fueling growth. The Census Bureau estimates that the population 65 years of age or older will increase 50 percent over the next 20 years.
The largest players in the Dow Jones U.S. Healthcare Sector Index are Johnson & Johnson, (NYSE: JNJ), Pfizer, Inc. (NYSE: PFE), and Merck & Co. (NYSE: MRK). All are expected to see expanded revenue under the various national health plans currently working their way through congress.
About Emerging Healthcare Solutions, Inc.
Emerging Healthcare Solutions, Inc. is a company dedicated to providing guidance to participants in the healthcare industry. Our primary goal is to give you a roadmap showing how to realize enormous profits from the changes occurring right now in the healthcare industry. Our common stock is traded under the symbol EHSI.
For more information, visit http://www.emerginghealthcaresolutions.com.
GWND is stated to be on the Grey Market per Pinksheets:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=gwnd
"There are no market makers in this security. It is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult."
Updated Corporate contact info
Emerging Healthcare Solutions
5847 San Felipe
Houston, TX 77057
P: 713-461-9229
The address is the same as for:
DIVERGENT TELECOM SOLUTIONS, INC
HOUSTON AVENGER, L L C
IRIDIUM CAPITAL, LTD.
All of these companies are tied directly back to Andrew Farmer, Kathleen Delaney, Maurice Stone, Eddie Austin, RJ Bono and others through Peninsula Holdings (PHGTA) - a defunct company which ran into litigation problems through the years.
Many of you know Delaney (CEO of EHSI), Stone, and Austin through their affiliation with SEC recidivists Darrel and Jack Uselton. In particular the association with recently suspended security GAEC.pk by the SEC has in fact the same phone number as above.
According to the initial company filings, here is what is known about EHSI:
August 2009 - name change from Oxford Funding (OXFD.pk) to Emerging Healthcare Solutions, Inc.
Address is 1240 Blalock Rd, Suite 200 (same address as recently SEC suspended sister company, GAEC.pk)
Number of Beneficial Owners: 7
Named Beneficial Owners stated in filings: 2
What they do: "EHSI is a development stage business with a unique ability to acquire life science technologies and bring them to emerging small and medium-sized companies that are struggling or needing another product line to gain market share. EHSI leverages the experience of its management team and relationships with larger companies and universities worldwide to work with clients to identify new product opportunities or services that will increase shareholder value and provide new revenue streams.
In addition to its primary goal of introducing companies to revolutionary technologies, EHSI is also able to assist companies with raising the capital necessary to implement these new technologies, via both public and private financing sources."
Management Team and technologies present to implement above stated leverages: "We have no full-time and three part-time employees. We do not have any products as of the date of this report." Kathleen Delaney - Executive Officer & Sole Director - attorney with one known experience in the industry (now defunct company - MyHealthy Access: MYHA.pk)
The company's only assets were the mortage portfolio owned by the predecessor named company, OXFD. All of these assets were sold for roughly $2 million (netting $0 after cost). From a year earlier, these assets were valued at $2.6 million according to their financials.
The company now states that it has no subsidiaries. However, the year before, it showed an acquisition of subsidiaries from related parties for 8 million shares and shows no mention in the current financials of disposition of same.
Operations Plan: "We have no cash and we rely on shareholder loans and sales of common stock to pay our operating and research and development expenses. We are currently developing our plan of operation and will disclose that plan once finalized."
Financial health: "we suffered continuing losses from previous operations of $675,873, and have an accumulated deficit during the development stage of $2,716,768 as of September 30, 2009 and a working capital deficit of $356,818 at September 30, 2009. These conditions raise substantial doubt as to our ability to continue as a going concern."
No mention of the disposition/asset sale of the "$100 million" Oxford Opportunistic Hedge Fund that was publically announced as having been "fully subscribed".
As you may be aware, the CEO of the company has gone back to his previous position as CEO of sister company NWND, which leaves SSLR with Kathleen Delaney and Eddie Austin, neither of which has any experience in the solar industry.
I concur, this company was portrayed to have a lot of promise, touting a "$150 million" portfolio in their press releases. It would appear from the last financials that they do not have any assets, having made puplic announcements to have sold their only tangile asset, the biodiesel plant in Poteet, multiple times to multiple parties (EVFL, GAEC, NWND, Cargill?) - it is unclear who, if anyone owns the plant at this point.
As you know, after the trading suspension by the SEC, the company claimed they did not know of any reason why they were being halted, and has been silent on the issue ever since - no financials, no press releases, no updates to the web site. In my opinion, this would indicate to the casual observer that this venture is done, without any hope of recovery. Best of luck to you!
Synergy is not a China based company and is in fact a company created by Brett Weiss, former CEO of AESO (fka Notch Novelty) incorporated in Wyoming. Synergy is controlled by Weiss and his buddy Brock - the company is known to sell fuzzy board novelty equipment and does not appear to have any solar products.
It is my belief that this is yet another ploy by Kaapke to infer that EVSO is a solar company, when in fact the company has no solar products to sell. Perhaps the novelty business is more lucrative?
For clarity, please note that this same site also states "this stock is NEUTRAL in short-term;
and BEARISH in mid-long term." which is a bit contradictory to their "buy" rating system.
this "other" company is yet another shell company created by William Carmichael, who previously brought you GAEC.pk (suspended by the commission) as well as other notable notorious companies such as NWND.pk/TMDI.pk, the Professional Directors Institute, OXFD.pk/EHSI.pk, iExhalt, EXOU.pk, Corporate Secretary Services, CyberLaw, AEND.pk, APWL.pk, and the American Song Book company. It has been alleged by the legitimate management of ATNE.pk that Carmichael stole 6 million shares of their company. Not exactly a ringing endorsement of ethics for "Proven" - a company that appears to have also stolen verbatum much of their website from yet another company. The flashy picture of the bio-generator vessel is a joke - it is open ended and not flanged up to any working generator! Nothing more than a glorified BBQ pit in my opinion!
yes on all points.
More than just the cookie jar....looks like the plan to sell the Poteet plant to sister company NWND may have even more hair on it now....
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24061
On or about October 3, 2006, SMS Envirofuels, Inc. ("SSLR", f/k/a “SMS”) executed a Promissory Note payable to Earth Biofuels, Inc. (n/k/a Evolution Fuels, Inc.) (“Evolution”) The principal amount on the Promissory Note was $788,000 which became due and payable on January 31, 2007. SMS failed to make the payments required by the Promissory Note. After notice of default was given, Evolution filed suit on the Promissory Note on November 20, 2008 in the 134th Judicial District of the District Courts of Dallas County, Texas. SMS failed to appear, and Evolution was granted Default Judgment in the amount of $1,097,211.20 on July 31, 2009. The Judgment includes pre-judgment interest, court costs and attorney fees, along with post-judgment interest of 5% per annum. SMS
developed a plant to produce bio-diesel from soybean oil. Evolution is now using all available legal remedies to pursuing collection on the Default Judgment.
Robert Kaapke is ranting anti-American sentiment again today, while taking pungent stabs at our President with statements such as this: "Talking about change is very different form actually changing; we want to be part of real change and that is why we are setting down our roots where real change is taking place.".
Why any God fearing, hard working American would invest in a company such as this that subscribes to the principles of sending our jobs overseas is beyond me. Maybe it is the fact that their Chinese company is not really a Chinese company, but rather a shell set up by Brett Weiss in Wyoming?
no offense intended!
What a croc!
Systems Management Solutions (SMSG which later became SSLR) owned the plant. SSMG was initially managed by Thomas Cloud II and Robert Wilson who took it through a couple of iterations before it gained control of the plant at Poteet.
They first tried to sell it off to Dennis McLaughlin III at EBOF, then that deal fell apart. When that deal was initiated, it was reported that the plant had been put into operation and they were unable to make it work because of the costs associated with the feedstock. Based on what I have heard from others intimately familiar with the deal, McLaughlin came into the deal with an agreement to provide a line of credit that they could use to acquire feedstock for the purpose of processing "biodiesel" for EBOF. Then it was alleged that McLaughlin renigged on payments to Cargill which is what brought on the litigation against the whole group at SMSG and EBOF.
SMSG made a couple of token payments, and then went into default on the settlement. The payments were made by McLaughlin and EBOF because they were the ones who were liable on the "Line of Credit". This is where it is alleged that McLaughlin renigged the second time - first on maintaining the payments on the line of credit and then on the litigation settlement payments that were agreed to.
During that time period, SMSG (SSLR) made an announcement to sell the plant to GAEC (f/k/a GFET) in early 2008. The announcement that SMSG was going to sell the plant to GFET was done sometime during the month of January 2008 - several months after Cargill slapped a lien on the plant. At that same time, AETE.pk/Meridian issued a Letter to J. T. Cloud (Thomas Cloud's father) recinding all agreements on January 14 because of a "material default" when they refused to make the schedueled payments to Meridian on the technology Liscense Agreemnt with GFET (JT's company). The whole charade was never to be as SSLR already knew it could not transfer ownership of the plant to GAEC without the Cargill lein being removed.
This is a very serious problem for the following reasons -
First, the plant has been shut down completely since December 2007 and has not produced any product. All operating employees, according to the SSLR financials, were discharged and are no longer with the company or the asset. There was also a problem with the cleanup of this facility just as with the EBOF plant in Oklahoma.
Second, it is reported that the price of $3 million is artificially inflated because of the condition of the equipment after being out of operation for something approaching two years during which time the equipment has deteriorated substantially. The whole plant would probably not bring scrap price by the pound at this point if a real set of engineers did an evaluation of the facility. According to the last financials, NWND has less than $30k of assets and cash - it is unclear how they have paid for such a large asset.
Third, with the Cargill Lein in place nothing is going to happen with this facility until that lien is satisfied.
Fourth - this is the 2nd attempt by SSLR to sell the plant to a sister company that will benefit from the sham announcement when they know there is a lien on the plant - a situation that is already under close scrutiny by the SEC (ref. GAEC and SSLR trading suspensions)
CNFO, in an apparent move to inflate its stock price (ref. rise from about $0.40 to $1.10 in Jan/Feb), made the following announcement in January - unfortunately, the deal was a complete fabrication on the part of David Mordekhay and the rest of management (Schulman) with outlandish representations that "This is a huge industry and we feel this could become a very profitable additional income stream for the Company".
Premer Resources (PRER.pk), is a company with no assets, no employees, and no business in Canada in the Oil sands industry. In fact, Premer is nothing more than a website created by Mordekhay/Gilchrist to give the illusion that CNFO was doing deals with large corporations. It should also be noted, that PRER was just deleted per FINRA OTC Equity Securities Deletion Notice, 08/03/2009: http://www.pinksheets.com/pink/marketactivity/corpActions.jsp?index=3
Here is the referenced January 29, 2009 fake article:
http://findarticles.com/p/articles/mi_m0EIN/is_2009_Jan_29/ai_n31333466/?tag=content;col1
CNFO Expands Technology to Clean Water From Tar Sands
Business Wire, Jan 29, 2009
MIAMI -- Centriforce Technology Corp. (OTC:CNFO) announced today that it has been engaged by Premere Resources Corporation to develop a new application of its desalination technology to clean waste water from heavy oil and tar sands processing. Large amounts of brine water are created in the processing of heavy oil. CNFO will adapt its desalination process to clean this waste water so that it may be reused instead of discarded as an environmental waste product.
Forty percent of Canada's oil production is from tar sands. The large amount of salt water produced in this process has become an increasing threat to the environment. CNFO's technology will address this threat by separating the clean water from the pollutants so that the fresh water can be reused. This will reduce the amount of water consumed in production and the amount of environmental waste produced by the process. There is more oil stored in tar sands than in all conventional reserves combined. Production of oil from tar sands is expected to increase significantly in the next several years.
"We look forward to addressing this important environmental issue through the adaptation of our desalination technology to clean waste water from heavy oil production," stated Matthew Schulman, President. "This is a huge industry and we feel this could become a very profitable additional income stream for the Company," he added.
"Solar power will be the future energy source"..... rah rah rah..... this of course, has nothing to do with SSLR, a company that does not produce any products, and has a management team (of 2) that has no experience in the industry.
Perhaps the reluctancy is tied to the fact that TWO of EVSO's sister companies have been recently suspended by the SEC for questionable press releases and websites:
GAEC: http://www.sec.gov/litigation/suspensions/2009/34-60410.pdf
SSLR: http://www.sec.gov/litigation/suspensions/2009/34-60050.pdf
Agreed - it is trading....with a caveat emptor rating: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=sslr
Pink OTC Markets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
•Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
•Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
•Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
•Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
•Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
•Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
•Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.
Consequently, Pink OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information (PDF) and until Pink OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.
You are correct, however, it was recently temporarily suspended: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=sslr
Sister company GAEC joins SSLR on the recently suspended list:
http://www.sec.gov/litigation/suspensions/2009/34-60410.pdf
EVSO's sister company, GAEC, is the 2nd company to be suspended by the SEC (ref. SSLR):
SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 60410 / July 31, 2009
SEC SUSPENDS TRADING IN THE SECURITIES OF GULF ALTERNATIVE ENERGY CORPORATION
The U.S. Securities and Exchange Commission today announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Gulf Alternative Energy Corporation, at
9:30 a.m. EDT, July 31, 2009, through 11:59 p.m. EDT, on August 13, 2009.
The Commission temporarily suspended trading in these securities because of questions regarding the accuracy of statements made by Gulf Alternative Energy Corporation in press releases to investors and on its website concerning the quality of the company’s technology and the company’s business prospects and agreements.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 5515760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to the securities of Gulf Alternative Energy Corporation until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider prompt enforcement action.
If any broker, dealer, or other person has any information which may relate to this matter, they should contact Christopher Ehrman, Branch Chief, at (202) 551-4590, or by email at ehrmanc@sec.gov.
GAEC suspended by the SEC:
Jul 31, 2009
Pink OTC Markets News Service
Washington, D.C.— SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 60410 / July 31, 2009
SEC SUSPENDS TRADING IN THE SECURITIES OF GULF ALTERNATIVE ENERGY CORPORATION
The U.S. Securities and Exchange Commission today announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Gulf Alternative Energy Corporation, at 9:30 a.m. EDT, July 31, 2009, through 11:59 p.m. EDT, on August 13, 2009.
The Commission temporarily suspended trading in these securities because of questions regarding the accuracy of statements made by Gulf Alternative Energy Corporation in press releases to investors and on its website concerning the quality of the company’s technology and the company’s business prospects and agreements.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 5515760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to the securities of Gulf Alternative Energy Corporation until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider prompt enforcement action.
If any broker, dealer, or other person has any information which may relate to this matter, they should contact Christopher Ehrman, Branch Chief, at (202) 551-4590, or by email at ehrmanc@sec.gov.
Pinksheets has just downgraded GAEC to their dreaded "Caveat Emptor" rating:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=gaec
Pink OTC Markets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
•Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
•Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
•Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
•Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
•Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
•Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
•Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.
Consequently, Pink OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information (PDF) and until Pink OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.
Repost from my post on the Yahoo board:
Part 1 -
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_E/threadview?m=tm&bn=79156&tid=185&mid=185&tof=1&frt=2
Part 2 -
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_E/threadview?m=tm&bn=79156&tid=185&mid=186&tof=1&frt=2
Latest financials reported last week are reminiscent of the same boiler room tactic by management to operate this company like their own personal ATM, as they have used with sister companies GAEC/GFET, SSLR, OXFD, NWND/TMDI, AEND, MYHA/ITPD, and others....:
In April 2009, the Company 223,000 shares of common stock valued at $137,709 to management.
In April 2009, the Company sold 5,000,000 shares of common stock at $0.01 per share (i.e. "free") in a private placement for gross proceeds of $50,000.
In June 2009, the Company sold 1,000,000 shares of common stock at $0.01 per share (i.e. "free") in a private placement for gross proceeds of $10,000.
"But if SNRS merge with SSLR I will be in the same boat as you" - there is no truth to that rumor about SNRS. Aside from both companies having the name "solar" in their company name, they have absolutely nothing in common. SSLR is nothing more than an idea on paper with no assets, no products, no contracts, no "$150 million portfolio", loads of debt, lawsuits, and an SEC investigation. Entertaining SNRS (or any other company for that matter), as a merger, is pure fantasy.
This whole business about sending off to an independent lab, however belated the news release is, is simply bogus.
The measure of how effective their process is cannot be measured by standard scientific material composition tests. They have to subject the material to a comparative test of what the material composition was prior to it being subjected to their "alledged" pre-treatment and what characteristics were retained by the material after the testing. This is true for the free occuring sugars first and then for all of the rest of the compositional molecular strucutres of the materials.
After all of this then the material has to be subjected to a fermentation vs time vs mass basis which will then give you the ability to make a definitive determination of the continuous flow fermentation volume that can be done. The CFFV can only be calculated from another set of variables that are strictly related to the strain of microbe being used as the fermentation medium and the enzyme loading that is required for conversion of the higher order cellulose and hemicellulose to be broken down.
Of course Mr. Shearer nor Ms. Delany do not have any knowledge or technical experience for establishing controlled procedures, let alone know how the process even works, nor how to design and build a continuous flow fermenter. Assuming even on the surface that they are trying to actually develop a legitimate operation, there is also a problem with one very critical issue - they still haven't beat the molecular bulk density equation to the degree that they are not going to have some serious economic problems based on transportation and handling of the material. So even if they have magically stumbled upon a pre-treatment process that does what they claim to do, they do not have a practical application until that issue is solved!
Furthermore, if they have managed to replicate ATNE's technology, then it would appear that they have a big problem as violating the signed NDAs they previously have with them: http://findarticles.com/p/articles/mi_m0EIN/is_2008_May_12/ai_n25406262/
The question can be simply answered by asking Microlab this question:
"Does the samples contain esterified lignin?". If the answer is "no", then the samples provided to them are stolen directly from ATNE as their process separates out the lignin from the process. If the answer is "yes", then GAEC is not doing anything new and simply taking existing process technology (i.e. Vortex Ventures equipment) - either way, the answer will implicate GAEC as a complete hoax.
Securities that are not listed on any stock exchange, the OTCBB, or the Pink Sheets are considered to be in the Grey Market. Transactions are processed independently and not centrally listed or quoted. Trades are reported to a Self Regulatory Organization (SRO) who then passes the data on to market data companies.
In the case of SSLR, it is apparently still on the Pinksheets despite the Caveat Emptor rating.
The market was obviously unimpressed with this lame attempt by management to portray itself as something more than David Mordekhay's wet dream....
Other than the word "Solar" in the company name, SSLR has nothing to do with the solar industry - they have no assets, no inventory, no production, no technology, 3 employees with no expertise, a grossly inflated press release claiming to have "$150 million portfolio" along with an SEC suspension to boot. Why anyone would buy/merge/invest in this company is beyond my comprehension - I believe the folks at SNRS would come to the same conclusion if they were even tacitilly interested on a whim.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=sslr
Pink OTC Markets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
• Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
• Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
• Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
• Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
• Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
• Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
• Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.
Consequently, Pink OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information (PDF) and until Pink OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use
care and due diligence in their investment decisions. Please read our Investor Protection page for more information.
Presuming a resumption of trading on the 19th, any bets on where the stock trading price will vary on that day?
Here is my wager:
High = $0.50
Low = $0.10
Close = $0.15