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The Q should be out this week and the website the following week. That is how this is going to be played out IMHO.
What does Sunoco have to do with EMLL?
I understand that the Sunoco pipeline runs along the terminal site and at one time the terminal was one of the places on this pipeline distributing petroleum. Online you can read anything. The terminal is going through a transition period and Khoo states that he is interested in giving the operation to a biofuels company in Chicago or just sell oil from there, like before. My DD shows that the County is a great place to move petroleum products, is not controlled by any one oil company, has many trucks and traffic along Highway 11 and is off Highway 80. The site is near Wilkes-Barre and not far from Scranton. It is also close to the nuclear power plant(PSE&G).
The pipeline is essential to keeping expenses down as the alternative ways of getting fuel to the terminal are more costly.
I researched the town it is in and found that Berwick, Pennsylvania is the home to Wise potato chips( salsa is good too). Guess one way to make potato chips and biofuels? You use used vegetable oil. Guess how much used( and dumped=free) vegetable oil Wise goes through in a year. I will research this. The company must know this. Wise Foods is less than 2 miles away. The main expense for any bio diesel operation is the commodity used to mix with the oil. This is the reason many bio diesel terminals went under. they used soybean oil. When soybeans went up in price the profits for those companies plummeted. So, many chose other mixes like vegetable oil, waste grease, tallow, jatropha, etc. That is why the big oil companies are spending billions of dollars starting algae bio diesel operations. Algae is self contained and you control your own source of commodity permanently. Algae bio diesel can be DD'd on Youtube or Google.
In the past year www.bioenergywiki.net has opened a great site.
Th maximum allowable sales of that 2 billion in one year is 1% every 90 days. That is 20 million shares every 90 days. That is $10,000. at todays prices. I think he wont sell unless the price is at least ten times this. So you are safe.
It is the wife's job to always say "No",
then when it works out to say "I told you so".
Just say "your right darling this stock is no good",
and when it quadruples she will always say " you did not buy more? I told you you should".
Dilution is based upon need and then greed.
Current dilution was carefully planned and
gave the needs of the company their cushion
for payback, expenses and deposits.
Any further dilution would bring the stock to
.0001. The company is aware of this and so
are their advisors.
5 billion as stated in Nevada filing amendment of July 2010
2.692 will show as the OS. That is 692 in float. There are many here that own 5 million shares each. I imagine that half the float still owned by flippers and MM's with a fairly decent short position. So, any serious buying( lets say $150,000. worth) will take this baby to .003 or more. The shorts will cover fast.
This prediction is for September.
In September the 10Q is out.
It seems the insiders have quit the dilution since last Wednesday.
The dilution is the approximate cost of the shell, deposits on acquisitions, and initial expenses.
post #5184. I found this link on the net.
www.worldgreenenergysymposium.us
It shows the alternative energy event that takes place this October 21 in Philadelphia that was part of your DD.
I agree that anyone attached to EMLL that attends this show will not have an effect on the pps of the stock. The company is trying to add content to the press releases. By attending this show they imho add substance to their previous release that they are speaking to biofuel company's that want to lease or venture at EMLL's site.
EMLL site is located 20 minutes from Wilkes-Barre.
The terminal is about 1 mile from the PSE&G nuclear power plant that creates most of the electricity for the eastern part of the state of Pennsylvania.
post #5184 vlftraders
I read your DD and called various people on this. Mr. Shainberg told me that his family sold the terminal to El Maniel and he has nothing to do with the company other than the transition phone calls to various agencies that needed to know about the transfer.
I would like to see more PR in the trade magazines on the biofuel connection. Maybe the company can update us on the Chicago company that will lease or partner in the Pennsylvania property.
I see you have posted 11,400 posts in past 7 years. What do you do for fun?
Ironman likes biofuels.
This sounds like World War ll.
Gen. Patton: "We must break through".
Sgt. York: "If we dont break through, all is lost".
EMLL room: "The sky is falling....... it's blue skies again.....are we red...... are we green?
impressive
looks good for next week
What does Chesapeake Energy, EMLL, Pennsylvania, have in common? Do some DD and figure it out.
They all sit on top of the Marcellus Shale natural gas fields.
Cut and paste Marcellus Shale into a Google advanced search and that will be your DD for the day.
It will take the rest of the day to get rid of the flippers.
kanina, I would rather talk to you than Hollister. You sound better
Everyone should continuous post here to make us #1 on the Boards.
One thing all should know now. The 8K is out and we know the reason of the delays. So, no one here should repeat call the lawyer as he and the new auditor are working on the Q. The Hollister guy wont return your call anyhow. So, it is up to us to make EMLL the #2 Board today or if lucky #1 board . As the stock reaches .001 and stabilizes the Q will come out. Maybe next week.
The Q will confirm the acquisitions and type of dilution( we already know the number is 692) and we go slowly North from there. Remember that September 30, 2010 is the fiscal year end and the annual report is the next filing after this Q is out.
oongratulations all for the patience.
Gerrard Hollister is usually hired for damage control. He became very active as a name on these IHub boards as of end of July by being hired by 3 companies almost at the same time period. All three had one thing in common. Exactly what happened to EMLL; share dilution and a fast series of news releases. I read many of the posts on these stocks as related to Hollister. He has responded by email to many of these people who were crying that the sky was falling. Therefore, based upon all 3 situations at once I assume he has fielded 1000 emails and calls. Do not expect him to respond to 'panic rooms'. His answer to all is the same.....The Company is doing it's best under the circumstances and the investor should stop acting like a flipper on every rumor or tic movement.
What goes up comes down all the time no matter what.
What goes down goes up only if new buying comes in.
The Q will not create the buying as the 8K only stopped the bleeding. The dilution looks like it ended.
So, it is our turn to help, not hurt, the company by creating a sense that medium term( long term I know is too much to ask)investing is why we are here.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended September 30, 2009(*********)
Commission File No. 333-148988
EL MANIEL INTERNATIONAL, INC.
The next filing is the Q that reflects through June 30, 2010 only. Subsequent acquisitions and share structure events of this magnitude are almost always reported as well.
The TA will never tell you anything. The last week should tell us this. He is gagged. The attorney was a bit more helpful but only as to the float number and that only after numerous phone calls from everyone in here.
Yes. The next filing will be the Q for the June 30 period. The subsequent event area at the end of the accounting notes will reflect some of the recent post June 30th activities of the company. these activities will not only be the acquisitions but also should include some language on the share and debt(?) structure that led to an increase in the float to about 692 million shares. I also believe that the annual report is not a fiscal year end December 2010 either. So the next filing after this is the annual report.
The 692 number is accurate and the Q shall reflect it.
The 692 number is accurate.
GetSum, my analysis tells me that at the latest the Q will come out by september 15.
Thank you. #2 was based upon 15 years of reading these things.
very good post
Jedi, that is impossible. The Q cannot and will not be out for at least a week. No auditor alive ever did that after just being hired. So, give them some slack.
I am confident in the fundamentals of the company and the Q will reflect this.
As we now know the reason for the delay it should be obvious then that the Q cannot just appear immediately. In all cases a new accounting firm allows for a transition to take place based upon the reasons given in the attachment letter of the previous resigned auditing firm. From this letter we can surmise that more than just
'lack of internal controls' were the issue.
It seems that an accounting analysis of what the debt and share structure were at issue and possible disagreement between management and auditor.
In any case the new auditor would not have been hired unless they not only understood but mostly agreed with managements reasons and accounting analysis. So, I am not worried at all that the Q will be out within a reasonable time without the regulators permanently pulling the OTCBB plug on them.
message #4697. I just returned from a meeting. Glad to be of assistance.
more 5's than 4's so what support? We need volume. When you see volume you will know the announcement is about to come out. The news is probably just a stall tactic like a new Officer or something with a side statement about why the Q and websites are in progress.
Maybe Kais can get us a airline ticket to Singapore. I want to meet the mah jong players and give them a piece of my mind.
After I collect the triple
Gimme dat 3 baby. I told you I would start collecting the triple