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Seems to me as though the filing was definitely trying to fluff up the resume of a glorified real estate agent.
Is he who you were picturing as an aggressive energy company executive who will lead a fledgling company without a penny to its name in an uphill struggle towards success?
It appears much more plausible that some folks behind the scene were encouraged by the recent activity brought on by some not-so-bright investors thinking this company could benefit from Japan's unfortunate fate and decided to fire up the ole' con again by introducing a new patsy.
I share your frustration, even though my position is miniscule at best. IRS and SEC probably don't care enough about this small a fish, given that none of the protagonists of the near-demise of the US financial system wound up in prison or fined. Next to that financial fraud, this one does not even register.
Which brings me to the (unfortunate) next point of the attorney. He/she will take a look at the financials and the company history and quickly calculate that any percentage of nothing equals nothing.
The only justice for shareholders here is the extremely remote event of criminal litigation, but as stated above and with most of the perpetrators residing US jurisdiction, it is very unlikely.
Interesting.
If the company is dissolved, where is my minuscule ownership share of their "vast" resources? All tongue in cheek, of course.
Too bad most of us didn't heed the warnings of the more pink savvy investors here. I have made a fair amount buying, holding and trading stocks, options and ETFs on higher exchanges, but my forays into pink sheets were an utter disaster.
In retrospect, it was a great education, but it came at a steep price.
I can see how you would find my posts boring.
After all, you and your cohorts have spun tales of imminent plant openings, connections to profitable comanies, impending short squeezes and so on.
In the end, they were just tales.
What I haven't figured out is whether you are just uninformed or if you willfully distorted the truth for personal gain.
You tell us which shoe fits.
Agree, but with Alex you can't repeat this message often enough. After all, we are talking about the guy who is expecting an impending short squeeze here.
He must have forgotten to look up this tidbit:
Short Sales
Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue
Jan 31, 2011 834 0.00 1,192,039 1.00 No No
Jan 14, 2011 834 0.00 1,357,740 1.00 No No
Dec 31, 2010 834 -66.65 8,234,861 1.00 No No
http://www.otcmarkets.com/stock/EVFN/short-sales
It's gonna get awfully tight in here when the guy holding the 834 shares short needs to cover and runs for the exit (or is it 834 guys holding 1 share short apiece). Luckily, it'll only cost him a dime.
Earth to Alex:
There is no business here. We're beyond debating whether or not it is viable, it is simply gone. They vacated the office, Willie's Place is bankrupt, the location of the "Flagship" station is available for rent...
Go ahead and try to contact anyone via phone or e-mail. They have fled the scene of the crime, and sadly, they will get away with it.
One would think so.
Having Exxon in their pocket sure was helpful. What a piece of work this guy is. That last ditch pump they put together a couple of months ago shows how low this guy is willing to stoop. Luckily for all, it looks as though he finally ran out of rope. This thing is dead.
Has anyone heard of Alex lately?
Given the company overpromised and underdelivered for years and finally went silent when there were no more half-truths to spin and sell, what could possibly go wrong with investing here?
I haven't had an investment in here since 2006 or 2007, so I don't have anything at stake here. For the record, I lost a modest amount of money in AOOR so I do have an axe to grind...
It's one thing for a company to try and fail, it is something entirely different if they don't even try and are only trying to enrich themselves. What honest company issues 10-Qs discussing the opening of a plant at a time the EPA forced permanent closure?
What do you want proof for? The EPA document on Durant - search an earlier post of mine. Or google EPA and Durant Going dark - see OTC pink and see when the last filing is dated.
I can take pictures confirming the other two items if you insist, but it really doesn't matter. I have driven past both locations twice in the past 10 days and it has been confirmed by a few other Dallas residents on various boards besides me.
This has nothing to do with whining. Your comments of 'something is brewing' are ten times as speculative as the facts I lay out, and they are dangerous to those that don't have the ability to verify facts for themselves. I rather not see anyone else lose their hard earned money here.
By the way, who is my best friend? Is this the old basher routine again? For the record, that is not needed here. Management has wrecked and bungled this thing to such a degree that the history of PRs and the amount of money the company lost throughout its illustrious history are the best bash.
So if you didn't at least insinuate that there might be the possibility of a trade at $0.10, then what was your point in raising the issue? As I can tell from your other posts, it appears you are trying to conjure up a last minute pump for one reason or another.
Wouldn't it have been nice if DM at least gave you some ammunition to sucker in some new unsuspecting souls?
Instead, he gave you no PR for almost a quarter, he also gave you the move out of the corporate office (presumably into his basement - if we had those in Texas), the final and official dismantling of the 'flagship station' (checked it lately? EVFN coming soon sign gone and replaced by a for lease sign), going dark from a financial reporting standpoint, the death of Durant courtesy of the EPA (somehow DM failed to mention that publicly) and no other meaningful progress whatsoever.
You may be an optimist, but it appears that you would have to be a medium to communicate with this company because for all intent and purpose, it is dead.
Seems like another sound business decision brought to you by the folks that hired a message board clown as IR:
Why pay the franchise tax when it comes due when I can wait and suffer additional penalties. Clearly the way to go...
Just face the (near) inevitable conclusion:
This company and its management are a joke. They are clueless at best and unethical at worst. For an investor, that's like having the choice between lethal injection and the electric chair.
Either way, it ends badly.
Because the company is worth about $500k in scrap value of that so-called plant at Moses Lake.
In keeping with the modus operandi of this company, the company will have given away any value it might have had in compensation and selling and administrative expense before it all ends.
If you allegedly sit on 4 billion worth of gold, what do you need bonds for? They couldn't post that massive load of gold as collateral or find a local bank that can see, audit and verify the existence of the assets to arrange for financing?
This is a terribly lame excuse. This company has been a huge joke from day one. It is plain to see for all, given that almost none of the grand plans have panned out.
Gold more than doubled since the heydays of 2006 and somehow this company can't finance any equipment?
What happened to the $0.55 buyout that would have valued the company at $100m (the same company that claimed to reach $900m in annual revenue)? Is this the company that can't purchase any equipment because the bashers killed the public appetite for their bonds?
Get real.
So let's get this straight:
There are posters that have sent personal information a few times and are still out in the cold.
You on the other hand have never sent anything but you have posted a share count on a public forum. Based on that information, they chose a Western Union location that was convenient to you and sent the appropriate amount?
That doesn't sound the least bit odd to you? I guess you are not in receipt of a dividend, but in receipt of a bribe.
You are technically correct, although I would argue that the willingness of the company to dilute has not changed at all.
It is the unwillingness of investors to support the shenanigans of this management team that ultimately stopped the dilution machine.
I think you are splitting hairs, especially when knowing that their English may be too insufficient to order a happy meal.
Either way, not sure if it makes a difference. Buddy is putting himself at risk legally speaking, and the Russians are probably having a good laugh.
For the umptieth time, I have a hard time believing that. Stock issuances carry registration numbers. Just find the registration numbers that correspond to the time Parkin was doing his thing, and you are there. Or you can go all the way to the certificate lot number level. I guess perpetuating that lame story of evil old management vs new squeaky clean is still getting traction with some of you.
Besides, management does not distinguish between air or real shares in their alleged buy-back(s) and how they intend to reward their insiders. If they don't care, why would you?
No real surprise there. I bet there is a minimum of three ounces on that bus any given time.
Makes you wonder why he wouldn't consider to use some room spray or light a candle when he gets close to the border. It's not rocket science Willie...
Have you concluded your examination of the EPA document yet? Given it is only one page, I thought it would be reasonable that even you can work your way through it in about 4 days.
I am anxious to hear your conclusion since you are not interested in mine.
Not surprisingly, this is one convoluted PR.
How does buying back shares from stuckholders that are way underwater protect their interests and why don't they use the cash instead of repurchased shares to finance the merger?
What does one have to do with the other?
And why don't they use the shares they intend to repurchase for the employee incentive program?
Just more BS, and apparently they found another group of suckers that bought in on the spike.
Yeah, that EPA really does produce 'rubbish'. Who is the EPA anyways...
You bore me. Your English is terrible, your German is terrible, your points are beyond useless. This is such an obvious case and everyone but you can see it.
Interesting to note that you haven't been able to produce a single well-articulated and reasonable argument as to why you believe in this company. I wonder if your analysis of the EPA document will get you to a different conclusion than any other rational human being who ever laid eyes on this document. By judging your mental aptitude, I assume that you will figure out that Durant is no more in about a month.
I know I am the pot calling the kettle black by stating that you just like to bitch on a message board, but at least I have done my homework and have a couple of points to make. So far, you are striking out every time you come to the plate.
I have watched this thing for a long while, mostly because I feel that since I got suckered in in 2006, I have an axe to grind with Management. But for anyone who got here after 2008, this has been an open and shut case. And for those arriving in 2010, well, if you still think this is the greatest deal since sliced bread, best of luck to you.
Don't you guys have scams over there you can invest in? I heard Russia is full of them, so that would be geographically more appropriate.
Wie schon vorher gesagt, ich bin Kosmopolit. Das bedeuted dass ich nicht nur Amerikanische aber auch Deutsche, Franzoesische, Englische, Irische, Asiatische und andere relevanten Nachrichten studiere.
Ich weiss welches Land meinen Passport ausstellt und meine Geburtszertifikat unterschrieben hat. Ist mir letztendlich egal ob du mich als deutschen oder Amerikaner ansiehst, da du anscheinend keines von beiden bist. Nehme an dass du bei 'wie man euch verarscht' an dich selbst anlehnst.
Let me get this straight:
You ask for proof because you don't want to take anyone's word for it or avail yourself of the experience that these posters have made.
Then irrefutable proof is delivered and you bitch again? Get a freaking life. I certainly hope you invest a ton here. You deserve everythign you have coming to you.
Vollspack?!? Jaja die Hauptschule.
Da anscheinend weder Deutsch oder Englisch deine Muttersprache sind, kann ich nur hoffen dass zu zumindest eine Sprache ordentlich beherrscht.
Hoffentlich wird bald der Hartz IV gekuerzt so dass deinesgleichen von den Foren verschwindet.
Bin mir immer noch nicht sicher ob Du mich als Deutschen beschimpfst. Eigentlich ein tolles Land (mit Ausnahme von einigen 'Buergern'). Ich nehme es als ein Kompliment fuer meine Deutschkenntnisse. Eigentlich schon seltsam dass einer der seit 20 Jahren die Sprache nicht mehr spricht sich besser als ein einheimischer ausdruecken kann.
Isn't it strange that the three most ardent supporters of this companies are 2 Belgians and 1 German?
Naturally, their geographical distance and language barrier allows them to derive superior conclusions to ours who drive by the Dallas HQ that is shut down, the flagship station that never was or the plant that never will be again.
DM must have run out of dreamers here in the States and found another source.
Just because you are such a swell guy, take a look at the EPA document:
http://oaspub.epa.gov/enviro/fii_master.fii_retrieve?fac_search=scsc_id&fac_search_type=Beginning+With&postal_code=&location_address=&add_search_type=Beginning+With&city_name=&county_name=&state_code=&epa_region_code=&sic_code_desc=&sic_code=&all_programs=YES&chem_name=&chem_search=Beginning+With&cas_num=&program_search=1&report=1&page_no=1&output_sql_switch=TRUE&database_type=AIRS%2FAFS&fac_value=4001300019
Naturally, to you this is just another document this basher has fashioned out of thin air. luckily, the word permanently translates well into your native tongue.
It appears that you are just another German who is either unwilling or unable to learn from history. Didn't that get you folks in trouble before?
Also, please note in the following link that the company has lost $225 million of shareholder money since inception, has over $41 million in liabilities and $0 in cash.
http://www.otcmarkets.com/stock/EVFN/financials
Looks like a winner to me.
Before this degenerates too much, let me introduce to an American idiom that every high school kid can understand:
SCOREBOARD
Haha, tut mir leid dich zu enttaeuschen, bin aber leider Amerikaner der in Deutschland geboren wurde. Im gegensatz zu Dir fuer den es wohl nur einmal alle drei Jahre zum Ballermann reicht bin ich einfach ein Kosmopolit.
In wessen Arsch sollte ich denn kriechen? Den meiner Landsleute?Du bist doch der Auslaender in einem Amerikanischen Forum, und darueberhinaus ist es offensichtlich dass du keine Ahnung hast. Hast due eigentlich jemals einen Finanzreport dieser Firma gelesen?
Schnell, renne zum Admin. Ist ja bei euch Deutschen gang und gaebe. Wenn man selbst nicht kann ruft man die Administration zur Hilfe und versteckt sich dann um sich vor der eigenen Verantwortung zu druecken. Hat man ja viel Praxis damit in eurem Lande. Falls mir die Admin die Ohren langzieht, muss ich mir dann auch noch einen gelben Stern an die Brust heften? Es sieht ja so aus als ob sich alte Gewohnheiten sich niemals aendern.
Have you paid any attention to what is going on with this stock? Obviously, they haven't produced a drop of fuel since 2006 when their plant failed abysmally and couldn't be brought up to scale. I think the bio-diesel also had quality issues. Although they claimed that Durant would reopen in Q1 2010 (think about it for a moment), nothing happened and nothing will. That would cost money and the company doesn't have any...
You can quickly verify by looking at their financial reports. Instead of spending money on fixing the plant (see lack of Capital Expenditures in the filings) they sold equipment (see sold equipment in the SCF - investing section).
The plant is a ghost town and if you search for longer than a minute on Yahoo, you can find where the EPA shut it down for good.
Do some freaking research before you open your mouth on this board.
To say it in a language you understand: Die Firma existiert nicht und hat keine Produktionsanlagen. Die Vorstandsetage sind Betrueger und Du bist darauf hereingefallen. Tut mir leid fuer Dich, aber wer nicht liest und recherchiert hat selber Schuld.
Last I remember, the company stated an ex dividend date of 12/31/2009 prior to the whole fiasco unfolding. What difference does it make you are a long-time holder? Oh, I forgot, they do things differently in Russia...
I don't ever recall a scenario when dividends were weighted over period of ownership, plus it would me a much tougher issue to prove.
One more time Mr. President:
- Learn to communicate in English
- Get audited by a reputable American accounting firm
- For Pete's sake, don't do anything that redefines absurdity for at least two weeks in a row
Problem solved.
Was that so hard?
It appears from your post that you imply that an investment in this stock was not the problem but rather the timing?
Can you look at the chart and point out to me when the timing in EVFN was opportune? Keep in mind that no retail investor was ever able to sell when this stock produced a few short-term "spikes" on its long descent.
I wish you, Alex, Tarka or any member of the European crew would actually step up and tell the board why you believe in this management team and what tanglible task they have accomplished over the past 5 years rather than coming on this board and telling us all that we are bashers and this is a gem.
In case you haven't heard, the 'coming soon' sign has been officially removed from the flagship location in Dallas and rumor has it the company has been kicked out of its offices for non-payment of rent. Hope you are not holding out hope for Durant.
If you want to read more about the history, lies, misinformation and other assorted non-sense that is associated with this company, read the link below. It is obvious to me that you have performed no research on this company whatsoever. Exactly the type of sucker DM is looking for.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51006687
That's pretty neat.
Now the company decided to arbitrarily divide the singular class of common stock into various tiered tranches of preferred shares based on duration of ownership?
Yet another unprecedented move by one of the most 'ahem' unconventional companies I ever have had the displeasure of discovering.
However, I give it a 10 out of 10 on the entertainment scale. This company is simply the gift that keeps on giving.
Please send $5,000 to DM and you will receive your franchising kit in the mail...
Maybe that will allow the company to finally pay the phone bill.
You do understand that this article is critical of biofuel producers, don't you?
Luckily, as that shoe doesn't fit this outfit here, no harm done.
It really is very simple:
If you want to be treated like a big boy company that is publicly traded in the US, behave like one.
File your reports with the SEC and get your financials audited by a real accredited accounting.
If you want to play the 'we do things differently in Russia' card, delist from the US market and list your shares in Moscow. When in Rome, do as the Romans do.
Problem solved and credibility gap bridged.
"Show me anyone else who has verifiable financials or is asked to have their financials verified."
It's called an audit and it is one of the cornerstones of American capitalism, the stock amrket and publicly traded companies. If you are referring to pinkie scams, your point of which one of them is having their financial statements verified is well taken. The stock market at large is a different story.
As to your point of an investment bank, that was less of an issue of lack of audits but rather due to the complexity and the opaque nature of the securities the banks had on their balance sheet. The auditors failed to understand the riskiness of the assets, but that does not mean that there was no audit requirement or a lack of an audit.
If Aurus is on the up and up, hire a credible public American accounting firm. These guys may not fully understand the intrinsic value of a synthetic CDO that's made up of the riskiest tranche of a bunch of crappy liar loans, but they will be able to tell us whether Aurus is for real.
And that alone will ensure that this will never happen. If anyone recalls, back in the day Aurus faked an audit opinion allegedly rendered by RSI Top Audit which later turned out to be forged. Sounds familiar?
So what you are telling us that the first thing a company should do with an unsolicited offer is to post it on a website prematurely rather than to authenticate it or to discuss terms with the customer.
What is this, the Mickey Mouse Club? This board's capacity to make excuses apparently knows no bounds.
Sure, and because Steve Jobs built Apple out of his garage makes every other garage entrepreneur a sure bet.
It just really fits with this company and its long list of PRs and endeavors: It may just be legit, but it sure doesn't pass the smell test.
I'll go one further: Why is the website of the German company hosted in Russia and the language is English?
Besides, let me try the following argument, just for kicks: All the hoopla around Aurus stems from the fact that there is an offer at hand. Let's not worry whether ficticious or factual for a moment. Given that we live in uncertain times which increases the demand for gold to the degree that the price per ouce surged over the past 18 months, was there ever any concern that Aurus would find a buyer for what they could produce?
The question has always been whether they have any gold at all, and that question remains unanswered to this day.
Nice to see you again.
Hope you didn't hold your breath waiting for that short squeeze.
Astute as always.
Buy all you can.
Once again my brilliant European friend, you seem to not understand what exactly you are posting:
Indeed there is a short interest position of 2.4 million shares as of September 30, which equates to 0.02% (!!!) of the 11.4 billion shares outstanding. Expressed as percentage of daily volume, it comes out to 14.6% or 77 minutes worth of average daily trading volume.
If you consider this a condition ripe for an impending squeeze, I wish you the best of luck.
Boring but true.
Which one of your many outlandish and extremely naive comments or predictions have ever come to fruition?
This thing has been dead for years, and for some reason, DM pulled a rabbit out of his hat by exciting and rejuvenating a new batch of suckers in 2009. To this day, I don't understand what these guys saw here. At any rate, most of them have since seen the error of their ways, except for a couple of holdouts in Belgium.
Do you ever ask yourself why you invest in and publicly support a company whose stated goal it is to open one(!!!) gas station after destroying hundreds of millions of dollars in shareholder value?
Take a look at the retained earnings of AOOR/EVFN/BMGI/SWRS/EVLN and the rest of the alphabet soup. Not a winner in the bunch.