Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
*interesting* how such analysis can be so routinely debunked and yet the story is never changed or corrected.
edit>>> control of a stock can be *outlasted*
really. Interesting you say that. just as interesting as history repeating itself. EXPH executives have been caught in so many lies it is laughable and ignoring them and instead calling these people men of high integrity is exactly the definition of *blind trust*.
tell me, how many EXPH products are presently available to the public?
N O B L E C O N F E R E N C E !!!!!
Perfect example of Solid DD.
actually, when info is challenged and proven to be inaccurate there then becomes an expectation from the one disseminating the misleading information to take corrective measures. For example, specific laws, how they are applied, and the terms of such trade contracts have clearly proven that *short sale volume* includes a majority of trading ORIGINATING from a long seller and thus perfectly natural. This debunks any theories generated from that metric that the stock is being *controlled* by short selling.
if you disagree, please provide substantiation (beyond personal belief) to refute those assertions.
is there a CEO yet? You can say all you want but results are what counts and even in reduced communications they still failed to meet the expectations of what they claimed. To most, that implies that there is deception in play (i.e. Red Flag).
Didn't Graham promise shareholders that he was working with the SEC on getting the trading freed up? Wasn't that a long time ago now? I wonder what happened.
ain't happening. They get a volume pump on the news and it disappears directly after. the pump news allows the PPS average to rise allowing for the subsequent days selling to be done at a higher average price.
Anybody with any understanding of a financial filing knows that the filing was pure BS. Profit by agreed dilution to replace debt is not profit. How you get $160k in profit on $3000 in revenues is real interesting math and to think this is a sign of future profitability.....
only if you use creative math.
Answer 2 - From doing my research, that was the reason why Rainbolt jumped ship. Personally, I didn't see it as a strong reason, but I must admit that I do like being able to have investors to speak to their CEO once in a while to get a better pulse on what is "really" happening. If they generate the production of oil that some of us is expecting, it wouldn't matter if you or I was the CEO; investors would see the potential in ZLUS as an investment simply because it will come down to the fact of an old saying that… ”all money is green.”
that was not the responses I read after the PR. I was reading responses like We are profitable and will remain profitable. Nothing in that filing supports that claim.
Yea, those $3000 in revenues and a special deal to eliminate debt for shares is a great financial filings. I love how all those here were claiming "we are profitable and will stay profitable". I guess they didn't read the financials. LMAO
lets see, $3000 in revenues distributed over 1.4 billion shares represents what for a PPS?
Why consider the truth when the intention is to falsely pump garbage. he has admitted to why the post was made and it has nothing to do with facts or the truth.
the seller entered the order at the beginning of the day and told the MM to work the order not knowing what trade volume today would be. the MM worked the order thru the day and sold what was asked. The t-trade at the end of the day was the calculated cross price based on the average price of all trades executed and agreed upon margin. these trades are posted EOD due to this calculation factor and because it is a cross.
I read the document and it was laughable. No bankruptcy judge has the authority to force the SEC or FBI to hand over anything.
I also want to know who this Jay Booth character referenced in the document is that has all this damaging evidence. funny no other authority has such evidence.
The real story:
when it is a buyer the T-trade is marked higher than the market as the MM buys at what ever price then can and then sells to the intended buyer at some price higher than the aggregate price they paid making their profit. (i.e. MM buys at average of 0.0015 and sells to buyer at 0.0016 making that fraction of a penny) When it is a seller, they sell below price again allowing the MM to sell higher and then profiting on the buy off the real seller at a lower price (i.e. MM sells at an average price of 0.0014 and buys from the seller at 0.0013 making that fraction of a penny for their efforts).
The reason you see t-trades is because the trades are not riskless principle trades (MM trades executed at same price in cross) but negotiated for MM profit and thus at a different price. So while t-trades can be from buyer or seller the direction of the cross tells you which one it was.
In this case, since the cross was below the low for the day it was a seller dumping 5+ Million shares. Probably the guy the company said would continue to dump shares and the PR let him dump it higher than he otherwise would have.
The T-Trade represents a large investor that dumped stock and represents what he/she sold the stock to the market maker at. The market maker took the order to work the sale and was given a fixed profit. (i.e. they worked the sale of these 5+ million shares out above 0.0013 and then crossed the trade at 0.0013 to the seller with the seller giving the market maker a few pennies per share for the effort)
At March 31, 2010, the Company had not achieved profitable operations, had insufficient working capital to fund ongoing operations and expects to incur further losses. These circumstances raise a substantial doubt about the Company’s ability to continue as a going concern. Accordingly, all assets and liabilities subject to compromise have been segregated in the Consolidated Balance Sheets and classified as Liabilities subject to compromise, net, at the estimated amount of allowable claims. Liabilities not subject to compromise are separately classified as current and non-current. Revenues, expenses, realized gains and losses, and provisions for losses resulting from the reorganization are reported separately as Reorganization items. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations. Management believes that the Company may not be able to obtain additional funds from debt or equity financing due to current economic conditions.
After evaluating the current economic circumstances and investment climate, management believes that it is in the best interest of the company to exit the financial services business. Management plans to generate revenue through the exploration and development of oil and gas wells and sell the commodities. The Company has identified all of its assets and liabilities prior to July 22, 2010 for liquidation. The two operating subsidiaries will continue to sell health and wellness products and operate a multiple media related business, including a print publication, Internet URLs and launching a commercial broadcast network.
As of December 31,2009
RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2009 COMPARED TO THE YEAR
ENDED DECEMBER 31, 2008.
We generated $68,296 in operating revenues for the year ended December 31, 2009 compared to $721,296 in operating revenues for the year ended December 31, 2008. This is because of lesser brokerage commissions generated during the year ended December 31, 2009 compared to year ended December 31, 2008. During the year ended December 31, 2009 and December 31, 2008, we incurred operating expenses of $1,774,065 and $6,375,714, respectively, a decrease of $4,601,649 because of decreased operating activities. We incurred $1,213,236 in interest expense during the year ended December 31, 2009 compared to $4,213,568 in interest expense during the year ended December 31, 2008 because of interest expense on the decreased liabilities as of December 31, 2009. Interest expense of $1,213,236 included a non-cash component attributable to increase in principle amount of a note payable to a shareholder penalty. The net loss figures for the year ended December 31, 2009 and 2008 were $5,994,582 and $12,075,516, respectively.
They never had anything to give. If you notice, this entire run was manufactured by stories and insinuations made outside of anything the company itself has said. The company hasn't reported anything because there is NOTHING to report. they do not even have an office or a functioning website. there are no filings to be had because this company was done - kaput - out of business long ago.
Feel free to find any documented evidence of buyout offers, drilling, deal making, revenues, etc... reported by this company. Manufactured BS is what suckered people into this pig and after the short run is over, the stories left with the volume and the PPS.
The Company does not see any need to and it does not have any plans to do a reverse split of the common shares in 2011. As of January 10, 2011 the Company's current common stock share structure is 1.5B authorized shares and 1,390,162,856 outstanding shares. Increases in shares issued have resulted from extraordinary opportunities to settle outstanding legacy debt and the Company will continue to be opportunistic at issuing equity to pay off debt. The Company believes this is a critical process to the future of the Company and elimination of debt will continue to be a top priority for CoreStream Energy in 2011.
The Company's Q1 filing for 2010 will be submitted this week while its Q2 is expected to be filed within a few weeks. The Company intends to be current during 2011.
you haven't seen the filings? Hmmm...I could have sworn that one of the first commitments out of Aults pen was that the first set of financials would be out last Friday. I guess he can't even stay honest a week huh? We are now approaching March and beyond the 60 days Rainbolt promised on fully reporting. wonder why Rainbolt didn't leave ault ready to go. Could it be that Rainbolt refused to file false documents? Maybe Rainbolt is working with that SEC attorney out of New York (initials BB)
who says Kepco is still involved? I thought ZLUS hired a new crew. the affiliation to Kepco was theorized to be Rainbolt.
The last Form 4 filed had Ault at 4 million shares. He then went to over 160 million without a filing. Why then would you believe what this bankrupt, non-transparent, person has to say? The man is banktrupt and the company dead, how do you think he keeps his wife happy with her rich lifestyle? My bet, he sells stock.
You are assuming he had not been selling since leaving the position. For all you know he sold a boatload of stock and in taking over this new role merely issued himself new shares as replacement.
I was looking thru the filings and I do not see that Ault is keeping up with his Form 3's and form 4's.
This
http://sec.gov/Archives/edgar/data/1085129/000122752810000128/cei10k123109.txt
Doesn't match the last form 4 filed.
http://sec.gov/Archives/edgar/data/1085129/000125529409000225/xslF345X03/primary_doc.xml
come again!!! No really, come back over and let us all in on what you think now.
really, I think I heard that somewhere before. Oh yea, it was when I was disclosing that and you were denying it. LMAO
patchman, here’s why your DD is flawed…
As the founder and manager of two domestic hedge funds, Mr. Ault directly invested fund capital in several oil and gas ventures, including Plains All American, Plains All American Pipeline, LP, and Sheridan Energy. "Given our backgrounds and contacts it only made sense that we would open an energy trading unit,"
But he did put out a press release telling you how he plans on losing your money again. Isn't that good enough for you?
when exactly was the last time Ault put out financials? the last one was done by Rainbolt and that was 6 months ago. notice how Rainbolt said they would be current in 60 days and Ault has already stretched that to "in 2011". Being only February he has 10 months to disappoint you.
lies about his credentials
lies about his total leave from Corestream
lies about when financials would be reported
and apparently lies to his investors based on lawsuits filed against him.
quite impressive.
On February 20, 2009, Zealous Holdings, a wholly owned subsidiary of Zealous, Inc. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Central District of California Santa Ana Division (the "Bankruptcy Court"), Case No. 09-11425 ES. Zealous Holdings will continue to operate its business as "debtor-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.
gee, you don't sound like the euphoria pumper here --- interesting how that works. your tone here is 180 degrees of what you are saying on the ZLUS board. Is that because you need them to keep buying to protect your behind?
How does an investor recoup their investment? If it is not via stock (which is your typical means), it is a cut in the profits and it would be a big cut up front. Don't think a fund puts all this investment up front without collateral and of will expect that their repayment/profit comes ahead of any interests to shareholders.
If the investor gets stock than all your calculations are based on the wrong O/S. The O/S just doubled to pay down some of the debt so what do you think will be needed to finance basically starting a new business? maybe the dilution has already started which would be why Ault gave a stale date in the last PR for the O/S.
But of course when calculating future valuations I typically see mistakes made by estimating all sorts of future revenues, sometimes crossing into multi-year revenues - but I have yet to see dilution to get those revenues ever factored in. If you have to dilute to gain the revenue than the dilution has to be part of the equation; Right?
lets see:
Corestreams management has a checkered past ---- check
Corestream fails to maintain proper filing status under existing management ---- Check (remember, ZLUS is delinquent since before Rainbolt took over)
Corestream does not proxy investors for changes in articles of incorporation and freely adjusts A/S when they want to ---- Check
Corestream's market trades with volatility on light volume ---- Check
Corestream puts out false and misleading PR's that run the market and future activities fall short of promises in the PR's ---- Check
Corestream has no revenues but does have "large investors" of unknown origin and undisclosed deals ---- Check.
Corestream sells shares to pay debt ---- Check
Finally, Corestream has a group of supporters who will always claim that the end of the rainbow is near regardless of events that take place ---- Check.
And so why is this not your typical pinkie?
you have missed that these investors are "institutional investors" and thus they are not as smart as your average penny stock investor. These investors are willing to fully finance all operations (since ZLUS presently has no cash and no revenues) and give most of the profits back to the company/shareholders because they heard the shareholders were really nice people. these guys even hold Ault in high regard because when he cheated them last, he finally did commit to settle (via dilution to shareholders) and make them clean.
Really?
1. This is not a NYSE Company, it is a non-reporting pinkie.
2. Ault is anything but a credible individual as evidenced by his litany of lawsuits and scandals.
3. Aults resume and 8K filings have nothing to do with the SEC approving them. the SEC approves nothing filed, they take action against something filed being fraudulent. The fact that the SEC contacted me as late as December relative to Ault means they are certainly interested in the man. Not sure when Angel may have spoken to them as that was long before my time.
4. Those investors, they invest for returns and investments like these come via stock shares (kinda like that massive dilution between August and January was an investment for shares). What was it 500 to 700 Million shares worth of investment now sold into the last Rainbolt hype?
5. "named" people hired by the company somehow makes the company real? really? many pink sheet company's including ZLUS have hired people as window dressing to a con. everyone here has experienced it and some more than others. Biggest con in the world.
I could go on but my valuation certainly differs from yours on this.
ZLUS - a good stock in play for fraud. check it out. research the management turnover and you find a great con job in the making. the play is oil - as every good penny pump is either oil or gold. Most amusing are the hypocrite shareholders who are now fully backing a CEO who 6 months ago left the company and they all called a con man piece of scum. Now that he is back - he is boy genius.
ZLUS - never so much fun and excitement as seeing a bunch of stucks squirm.
Check these out. Ault not only keep his experience straight but he has several resumes with different employment terms for the same company.
Monday February 21 Press Release
Mr. Ault brings over twenty-one years' experience in various aspects of the Oil and Gas Industry including capital formation, finance and trading which are directly applicable to the identification, analysis, investment, and operational objectives of CoreStream Energy, Inc. and its plans for future growth. More complete descriptions of Mr. Ault's and Mr. Graham's relevant business experiences can be found in the recent 8K.
Friday, February 18, 2011 8K:
Milton C. Ault has over twenty two years experience in various aspects of the Oil and Gas industry including capital formation, finance and trading. Early in his trading career he made investments in numerous oil and gas companies, such as Mesa Petroleum. While at Dean Witter, he raised money for several limited partnerships active in the sector and was instrumental in the generation of syndication capital for emerging exploration, drilling, pipeline and refinement companies including Ferrellgas Partner, L.P. In 1996, while at Prudential Securities, he actively traded oil and gas futures, securities and invested in energy related companies. In 1998, while at Strome Susskind Securities he was involved in oil and gas investments. For the next ten years, as the founder and manager of two domestic hedge funds, Mr. Ault directly invested fund capital in several oil and gas ventures, including Plains All American, Plains All American Pipeline, LP, and Sheridan Energy. His experience and existing relationships in oil and gas financing, trading and investing are directly applicable to the identification, analysis, investment and operational objectives of Corestream Energy, Inc. and its plans for future growth.
November 2010 (When he became an office of AGEL)
Milton C. Ault has served as the President and Chief Executive Officer of the Zealous, Inc., from August 2007 until June 4, 2010, and a member of Company's Board of Directors since October 2007. Between June and July 2007, Mr. Ault was President of the Company. Between July 2007 and August 2007, Mr. Ault was the Executive Vice President of the Company. As of May 2008, Mr. Ault is the chairman, director, Chief Executive Officer and President of ASNI-II, Inc., a wholly owned subsidiary of the Company. Mr. Ault was the Chairman, CEO and President of Zealous Holdings, Inc. from June 2005 to May 2008. Mr. Ault is the manager and Chief Investment Officer of Zealous Asset Management, LLC, a wholly owned subsidiary of the Company. Mr. Ault was a registered representative at Strome Securities, LP from July 1998 until December 2005. He was elected to the board of directors of Patient Safety Technologies (formally Franklin Capital Corp.) in July, 2004 and became its Chairman and Chief Executive Officer in October, 2004 where here served until January of 2006 and again from July 2006 to January of 2007. Mr. Ault has been a member of the board of directors of IPEX, Inc, since May 2005 and served as interim Chief Executive Officer of IPEX, Inc, between May and July 2005. Mr. Ault was Chief Executive Officer of Digicorp, Inc., a publicly traded corporation, from April 26, 2005 until September 30, 2005 and he served as Chairman of Digicorp from July 16, 2005 until September 30, 2005. In November of 2005 Mr. Ault became Chief Executive Officer and President in November 2006 of Zealous Capital Markets, LLC (formally, Ault Glazer Bodnar Securities), a subsidiary of the Company formed in June 2005. Mr. Ault has also held positions as a director and interim Chief Executive Officer at certain portfolio companies held by the Company or its subsidiaries from time to time. Mr. Ault currently holds the series 7, 24, and 63 licenses.
Mr. Milton Ault, III is the Chairman and Chief Executive Officer at Ault Glazer & Co Investment Management. Mr. Ault also serves as the Chairman of the Board and Chief Executive Officer of Ault Glazer & Co., Inc. He co-founded Ault Glazer & Co in 1998 and also serves as a controlling and managing member and the Chief Investment Officer of Ault Glazer & Co., Inc. Mr. Ault has been in the investment banking and asset management industry for over 16 years. Through his activism experience, he acquired Franklin Capital. Mr. Ault became the Chief Executive Officer of the firm and restructured it from a BDC to successful medical device company called Patient Safety Technologies, Inc. From May 26, 2005 until July 13, 2005, he served as an Interim Chief Executive Officer at Tamarack Ventures Inc. Mr. Ault was an Interim Chief Executive Officer of Ipex, Inc., from May 26, 2005 to July 13, 2005 and of DigiCorp, Prior to Reverse Merger with Rebel Crew Films, Inc., from April 26, 2005 to September 30, 2005. He served as the Chief Executive Officer of Patient Safety Technologies Inc., from October 22, 2004 to September 2006. From July 1998 to June 2005[/b], Mr. Ault was a registered representative of Strome Securities, L.P. While there, he was involved in portfolio management and worked on several activism campaigns including Taco Cabana, Jack In The Box (formerly Foodmaker), and 21st Century Holdings Co. Prior to founding Ault Glazer, Mr. Ault served as a Portfolio Manager and regional institutional financial Advisor for Prudential Securities from February 1996 to July 1998. From November 1992 to February 1996, he served as an Institutional Account Executive for Dean Witter Reynolds Inc. Mr. Ault has been a Director of Ipex, Inc., since May 26, 2005. He served as the Chairman of Patient Safety Technologies Inc., from October 22, 2004; Franklin Capital Corp; and Digicorp from July 16, 2005 to September 30, 2005. Mr. Ault was a Director of Tamarack Ventures Inc., since May 26, 2005. He served as a Director of Patient Safety Technologies Inc., from July 2006 to September 2006.
On November 10th, 2010, the Company entered into an MVNO Mobile Virtual Network Operator Agreement (herein "MVNO Agreement") with Vonify Inc of Toronto, Canada and Georgetown, Grand Cayman Island, BWI (herein "Vonify") and MVNO Mobile Virtual Network Operator Corp (herein "MVNO") of New Westminster, Canada for a license to provide all the "Services" of the Vonify Network to third parties, in the medical marketplace in the USA. The Vonify Network includes those integrated mobile switching facilities, servers, cell sites, telecom and internet connections, billing systems, validation systems, gateways, landline switches and other related facilities used to provide the Services. The Services to be marketed by Cytta are defined as wireless telecommunications services for the Global System for Mobile (GSM) communications. In exchange for the MVNO Agreement, Cytta issued 250,000,000 shares of the Company's common stock to Vonify on November 10, 2010. This transaction will result in Vonify becoming a greater than 10% shareholder of the Company. In connection with the transaction, a controlling shareholder of Vonify became a Director of the Company.
Subsequent to the transaction, the Company determined the carrying value of the licensing agreement to be less than the fair value of the asset. As such, in accordance with ASC 350-30-35 the Company has determined that the asset is fully impaired and has been written down to zero as of December 31, 2010.