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MSRM price holding....GBRC continues to fall. Is this a planned move finally towards price ratio of 7.13 or just pure coincidence?
Although not as fast as GRC
'Stream' continues to fall
Interesting reading Tik....knowledge is all.
First real MSRM action in 2008 today looks like mostly selling!
I've previously had prompt and helpful replies from JD but with subject matter more technical and not particularly aiming at a companies behavior. However, lack of a reply so far would maybe support your findings. I'll at least try to get some response.I expect Michlaw's 3 weeks is not a problem for anyone.....it's just that it's never just that is it?
Considering the 'legal' answer from GRC to Foggs efforts re Aston Rowe etc, you may not be too far wrong there DM. I would like to be wrong on this...
Hopefully, things may be a little clearer when I get something back from the SEC...until then hands are just a little tied.I don't have legal knowledge in this area and if we all are to consider some sort of action, Fogg's opinion is valid...we need someone on this board who has.
DM did you see KP's response to that?
And thats yet another two months, Tik, to wait for a company that constantly fails its shareholders in regard to shareholder information and much more. If they have insufficient capital ie not enough big money in ...how can they risk conversion with the likely pull out by such as us.In fact are they legally obliged to ever convert?
A lot of MSRM restricted holders should be able to sell at the end of Feb '08 (irrespective of conversion )because of 2years holding. By not converting GRC restrict selling by a lot of these holders 'cos of the likely big loss they would incur at present MSRM price.
The 2007 summer shareholder letter has now disappeared from the GRC website. Wonder why? No information to shareholders since then. No feedback about progress with Hawk 10 trial. No this...no that. Its easy to get negative but with this firm its almost impossible not to.
I've consulted with the SEC about the legalities of a no. of these issues. I eagerly await a response.
Odds on its a scam.....I've had several like this in the last 2 years. They will want some money up front at some stage!
Keep well away in my opinion.
For check using the SEC try Jim Daly at
oiea@sec.gov
Did the same before Xmas DM and included FP but still got the usual party game of 'pass the parcel'. My posting of 'filing in early 2008' was an assumption from info in the last SEC filing, rather than something from 'whoever in GBRC' (and we all know how truthful these have been)and it remains to be seen just how accurate that is. I tend to agree with the posted viewpoint that filing must be imminent based on the apparent GBRC objective to list on AMEX. However,it seems 'anything can be said' with this company but little is meaningful. I guess as we move into January feelings will start heating up again. It is long past time GBRC was upfront and honest with its long suffering shareholders....by information and action
I made the post after looking at several sites, aries, and it was just that all showed last trading as at 31st DEC. Nothing had been changed until today including no volume info.I guess that is how it is until a trade is made.
'Stream' trading again......not sure it really stopped.
Thanks aries.....I've just come back on board. I did'nt have time to do any DD earlier today, KP, but it looked like encouraging news on first read in Google Finance.
Sydney 'deal' looks good!
Meanwhile, also interesting is no apparent trading by MS today,(at least nothing showing yet)Is this significant? in relation to the long awaited.......
DM - The 2008 thrust from Tire Chef makes for interesting reading but does'nt really change anything with regard to GBRC and posters on this board.I cannot understand the reason for his continuing posts with the same theme ....unless the objective is to gain support from investors already interested/invested in the discussed technology.
As you have already mentioned,if JP has a beef with FP & Co then he should chase them. If there really was a legal issue,I'm sure it would be resolveable in some way.....maybe even collaboration between the two.
I cannot see that JP's motive is completely altruistic.
HNY
The deal with 'PROOF' in the latest report seems to indicate completion of registration for shares (other than those specific to the PROOF contract) within next three months...based upon the statement 'filing with SEC by early 2008'.
Lots of 'in depth' reading in this last 8-K!
Believe me Rin,I would love to be completely wrong on this issue but events this year seem to indicate otherwise, not least JA's continual reluctance to at least update shareholders by legal routes.
You touched on MSRM as a holding company......I've tried on a number of occasions to ascertain if ALL current MSRM shareholders will gain bonuses as a result of this holding or are they (bonuses)only for those shareholders who have held eg for two years.I can never get any answer either to this or any number of questions!
If you were to refer to the last financial report the company(s) do not have a great deal of spare capital and have no visible revenue coming in(until Hawk 10 is proved and being sold).This,to me, means they cannot risk everyone pulling out and causing an obvious problem:or am I missing something simple?
As I mentioned in a previous post maybe its just that the lawyers have found some serious issues which have to be sorted before filings are proceeded with. IF THIS IS THE CASE WHY ON EARTH CAN'T THIS COMPANY JUST TELL US?
With you on all of that RIN but don't see much point. I'm no legal eagle but surely if successful would only take cash from shareholders.
I guess most posters would only believe conversion if it actually happened. The writing has been on the wall for some time...no response from JA meant no good news. False statements meant problems with progress.
I can't see conversion ever taking place until MSRM/GBRC either 'proves' HAWK 10 etc or gets some big investors on board cos as I have been muttering about for some time 'how can they convert if they risk losing what capital there is left in the company'by shareholders abandoning ship.
Like DM I have been chasing JA without success this week. I have put some significant questions to him. A reply is awaited:telephone call did not work. It would also have been helpful to get a reply from posters to this board re my question in a previous posting,even if it was a 'dont know!'
Just been revisiting the 'Shareholder Letter' on the GBRC website.
If GBRC were ready (via Law Firm) to file SB-2 registration form by Aug14 it is fairly obviously not the SEC that is causing the delay if they have not yet received anything to date....their deliberations follow receipt. So, just what has happened/not happened to bring things to a halt re submission! Has the Law Firm come across something amiss.....
cont.
if it was going to be 'damaging' to MSRM/GBRC.
For me 'up front' info as far as is legally possible would remove the bulk of frustration amongst shareholders.It would also relieve JA of all the hassle he most likely receives.
Meanwhile, did anyone ever find any answers to the presence of Biotech Medics and Primedge under the MSRM banner? They appear under Bloomberg which never seems to show just what the connection is with MSRM, and this is the MSRM which continues to trade KP!....did it ever stop?
This was one of my many queries via email to JA way back in Feb this year, when I used to get responses......I guess when things 'hotted up'for JA et al and whether or not he really had no time to answer any form of communication his best way forward was seemingly constant procrastination. Also, he was highly unlikely ever to say anything
MSRM price up again:GBRC price down again.
Maybe when difference in price is a factor of 7.143 we may see registration/transfer!!
Rock on!
We should all get together for a shindig if and when everything is sorted.......(shame its a long way to the US)
Thanks DM.......reason I asked was to do with interesting postings between you and Joedebull.Also, I tried JA again last week without success and I wondered if your previous good response from him was maybe to do with your background. Meanwhile, you did'nt reply to the Joe/Frank puzzle. You seemed to be saying they were the same entity on the Global board but yet were asking what the answer was on Mobile board. Appreciate your thoughts on this. Did you get anywhere with JA?
DM,
Your posting 820 on this board does'nt seem to match with the content of 850 on the Global board,which I had difficulty in interpreting anyway.Could you explain and may I also ask...are you in Oil or Land or both? (This after reading DM/Joedebull postings on Global board)
Forgot to ask if any non US shareholders have had any success with Mr.Paul Gilgallon of United Capital Group....who is supposed to be their contact rather than JA. My efforts this summer produced no response.
Also, Fog, for anyone considering getting the legend lifted and selling MSRM stock.....they would lose out on the bonus from GBRC to MSRM shareholders on merger/takeover/whatever...so I guess we.......... wait.............. (my stock now two years old)
to continue...(got cut off in editing)
..that we have two similar technologies which are just different in specification. What is important is the speedy route to commercial success for MSRM/GBRC.
Meanwhile, as Tapper highlights, we again have misinformation from JA...what a surprise. Perhaps,DM,all posters supporting this board should have a rota to telephone/email/fax/etc Mr.A. to try and secure some accurate info ....even if this means receiving it via public disclosure. Or maybe we all should chase him....again
All shareholders with restricted stock,Fog,(as u probably know)can seek to sell that stock by applying to have the legend lifted....provided they have held for at least 1year. Details are in http://www.sec.gov/answers/restric.htm
This, of course , is hardly rewarding from a 'no loss' point of view, since the present MSRM price guarantees such a loss for those overseas investors who purchased at higher prices.
Fear not fog.....
Not sure if Mr.J.Pringle has altuistic reasons for his postings, but as I see it he's probably trying to engender support for his own technology. Whatever, it' irrelevent, really, cos if Mr F.Pringle's patent's' are bona fide then all it means is that
Tire Chef Inc.-Calico Rock,United States
www.tirechef.net
DM...'Patent achieved by Fall 07' posted by HH on another board in August this year....before he was banned from posting by GBRC on 'protection against insider trading' grounds.
KP...I took plenty of 'action' re both Mobile Stream and Global Resource officers,long before I joined this board:I gave up in frustration this summer. I thought your comment was more in tune with a certain other board,linked in one of your postings. As I keep saying, accurate/timely/regular investor updates would remove most of the concern and conjecture expressed on most boards. eg the Shareholder Letter on GRBC website describes submission of registration documents taking place shortly after June 31st quarterly 10-QSB form was filed(this due by 14th August.)It is now November 13th and DM mentions file submission this week! Have we had anything from JA without chasing..have we ****. Should submission actually occur (believe JA when it happens) the usual time to completion of registration with the SEC is 90 to 120 days-this again taken from Shareholder Letter.On that basis it would appear that transfer is at least 3 months away if at all.
Interesting Dirtman,
Are you therefore able to say whether you were a US shareholder who held non-restricted stock? If not, then it means that you have been able to secure 'lifting' of restriction! If this is the case, is it possible for you to detail please?
Back in Feb this year JA said that I could sell MSRM stock should I wish (UK client) but there was no point in testing this statement at that time since MSRM share price meant an excessive loss.I was intrigued by the offer as well, since restrictions were supposedly in place until 2years had expired(full details re S-restricted stock are available from SEC)
The 'promised' transfer to GBRC of course would remove the restriction problem, but I cannot see that happening until the first Hawk has proved successful and sales start producing capital:otherwise all restricted stock holders would likely sell and cause a real problem. I still feel better/more regular investor updates from GBRC would be beneficial for both companies and investors alike. It would also,perhaps, remove the need that JA seems to have when confronted by frustated callers of issuing regular meaningless promises, which only succeed in alienating shareholders and driving potential investors away!
Two years for me!
From what I've seen on Bloomberg,Dragon, I dont't think MSRM shares have ever stopped trading.....Maybe I'm missing something.....I did previously query with messrs Pringle and Andrews the relationship between Biotech Medics/Primedge and Mobile Stream but got no response. I also asked whether the share prices of MSRM & GBRC were significant(ie difference between the two) in determining whether a transfer would ever take place:no response to this either.
With no postings referring to this, either my thinking is wrong or no one knows.Anyone anything to add on this?
Khal....this is identical to one of the several fraudulent approaches re MSRM shares that I have had in the last 12months.(one even used/had access to the SEC registration number for a bona-fide, retired investment adviser.)This was checked for me by Jim Daly of the SEC who I found very helpful in these matters. However, I'm afraid if money has been paid.... Apparantly, entities using this approach and others do not necessarily reside in the US but just use it as an 'acceptable/believable cover for their operation. If it looks too good to be true it will most likely not be. Sorry this is not good news. Please do speak to Jim.
Thanks Rin.....I'm with you on all of that: and it looks like 'spot on' to to you Fogg.
Here's to a very merry Xmas for all of us(courtesy of GBRC)
Mostly last post but also 'cos current posts are centred around your MSRM submissions.
Wonder if JA ever gives any attention to sites such as this?
Roll on January!
SE Durham
Did you have a look at Bloomberg.com?