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Very Simple - because Adler grew aggravated working for free while Wagner drained the checkbook evrytime a dollar came in and Arnold was protecting his prized investment being Wagner in this deal, Adler didn't get thrown out he left and took a lot with him on the way out.
Old management and new management are no different basically, with the exception of the CEO everyone is the same. Wagner, Chuck Arnold whos really pulling the strings and making all of these bad deals, Thomas and Denos. Catala is a flunky and a puppet who used to work for Wagner as his bookkeeper.
Charles Arnold personally put Adler in to the job as the CEO as they have been friend for years.
This deal was south of the border way before Adler was the CEO. Rememebr before Adler was the ultimate crook and orchestrator of this band: Mark Klok. People should do some DD on Mark Klok companies that he was involved with Ken Denos, John Thomas and Cheyne Gardner on. I also heard that there is an investigation into certain illegal notes given to Asher from Wagner his wife and friends via Alto group holdings. Also heard a rumor that FLST has lied about the source of the payments to AFI from FLST and their origin. I heard they really came directly from MArk Klok and Alto along with Cheyne Garden and Ken Denos taking the funds from Alto's Checking account. Oops!!!!! I hope I didn't reveal to much about some other ongoing investigations I heard rumors are happening.
of course it is until they need to issue stock or convert their notes to stock
oh yeah and at 60% of the market price.
I think they were trying to pump the4 stock up because when the notes convert its a whole lot less stock to issue at the 60% of conversion.
All good points but with one very big FACTUAL exception. FLST authorized was in fact 200,000,000 as you stated but the FACTUAL error is that it was that high only before the 100-1 reverse then it was 20,000,000 and it was increased not decreaed
You are completely wrong, the P/R from Nov 21st said NOTHING about COMPLIMENTARY services that you are now saying and quite contrary says specifically that FLST has started booking revenues as of that date.
Now you are saying the services were COMPLINENTARY AND NOT REVENUE GENERATING.
Please clarify for all of us.
To your knowledge will we or wont we see Revenues book on the 10q as were stated on the Nov 21st P/R.
Has FLST booked revenues from Global in 2013????????? and if so how much
The word COMPLIMENTARY is very scary and sounds like a big potential backtrack !!!!!!!!!!!!!
My opinion which is based upon the repetitive P/R that was announced yesterday which was basically the same fluff P/R as Nov 21 is that they used these P/R fluffs so that either Peak one or other that they either owed stock or hace stock in exchange for notes could unload, beaucase they must have known that the sell off was coming and if it started at 3 cents they would be sub penny by know with out the big P/ R announcement
Don't know what TIA means and I am not law enforcement to say if they are or not, I can only give my opinion and in my opinion they are
already reported the abuse to the SEC, just not sure how to report or send to IHMadmin
Yes but none that I can share publicly--- right now atleast!!!!!
How about the millions of shares that they already own from the last conversions. And they are selling because they are owed shares but can not ever have more than 10% at any one time
Please go back and read the filings and youll see
B-I-N-G-O
and its only the beginning, the P/R is really the same as the old one about revenues from GLobal
A few questions and thoughts about Global selling to 1 time for 2m.
If Global was to be FLST's Savior because they were so big, how could their entire value only of been 2m US????
Who is to say that 1time plans to further Globals plans even with a Miami route, they might just be looking for a cheap Asset to bolster their domestic service.
They are a low cost carrier and seem to not be interested or involved in long haul INTL flights
WHo is to say that they will still use FLST as they are already established with their own suppliers and service professionals.
DO we know if FLST will be out of the picture now completely, especially since the whole FLST/ GLobal arrangement ( which hasn't done anything as of yet anyway) was based upon Ron Finger and Sean's relationship and Ron Fingers being given stock in FLST.
If FLSt was in a JV with Global do they profit or receive any funds from this transaction to help their cash flow.
I know its only a movie but if anyone watches Wolf of Wall Street then you'll understand why FLST and mostly all Penny stocks will never make it!!!!!!!!!
thank you and I am sincere
Not sure what I actually did, however if I did something wrong I am truly sorry and will modify my behavior to correct it. I am not a spammer at all, I believe my messages are on topic and if I did something wrong please let me know so I can make sure to avoid it.
has anybody else heard that Wagner had all the fuel companies in 2012 return his deposits that he had on file with them to the tune of over 150k in cash because he needed the money. I heard this was done before the final merger as well.
Wouldn't the company be able to sell fuel if he didn't do that?
I believe truly that the only way this company can make it and survive is if Wagner beats his federal charges and can actually take this whole thing over properly. He cant do it with the charges hanging over his head and cant properly take the reigns. Wagner is the most honest and capable of the bunch regardless of what his indictment says.
It would be a long shot at best but in my opinion the only shot
It gets scarier
On June 13th stock price was $2.00
On April 9th stock price was $3.00
Todays price $.04 cents
I have to restate my opinion, All indications say moving up, it has proven itself worthy of all of the comments made in support of this stock and how amazing it will do.
Just kidding this is a slippery slope !!!!!!!!!!
:) maybe you should find the same DD sources I have, there's a lot more to all of this that they tell me as well. Which is why I laugh at all of the posts by people with blinders on just blindly loving this stock and ignoring all of the real facts
I never said they were served anything, I was just responding to a post, I have no idea at all. You should ask thew though if they are behind on rent and if so how much.
It's all public for anyone who looks for the truth, they 2 people mentioned are in several filings and it is record in the county that they sued FLST and settled.
As for the issuance of the shares that to is public and was just posted as a filing today!!!!
nothing inside I promise, just some hard work to find the truth ouit about what they are saying
You asked the wrong question!!!!!
They might be accurate that no eviction notice has been given--Yet!!!!!!
you should asked if they are current or behind on the rent and if son how far behind are they?
they are big into semantics and not whole truths or facts
they wouldn't have to file because their stock is owned individually not together so together it is over 5% but individually it not
It's actually Mark Fisher and Julian Levya, they filing is a typo. Mark Fisher was Sean Wagner's aviation attorney who was owed a lot of money from when Sean was still AFI. Julian Levya is Sean's neighbor who used to give Sean large amounts of cash when he was AFI and wasn't paid back by Sean so FLST settled and gave both of them stock as FLST and Sean were sued over the debts, So anyone saying FLST wont be or isn't responsible for AFI or Sean Wagners debts is full of *&^%$#@ because they are and this stock issuance is proof that they are. Hold on to your seats this is just the beginning of what is coming.
Did you all see the good news for our current company value!!! Today they just increases the authorized shares from 50m to 150m? If they weren't going to dilute then why increase???????? Im guessing that it has something to with certain debenture conversions and monies and stock owed but that's just my guess. They owe Asher a lot of money and/or stock.
I am not saying that they are doing anything wrong by selling as it their legal right as I might do, what I am suggesting is that it is an awe full large amount of shares that CAN be traded in relationship to the total amount outstanding. It appears as if 80% of all stock is owned by insiders or very close people, that's all
If my numbers were incorrect than please correct them for us as I took them straight from the filings with the SEC.
Even if it runs it cant sustain itself as a majority of shares are owned by insiders and they will dump and the stock will dive again, and that's even assuming it could go up but I doubt that as well.
I took the following figures from their public filing, I rounded off for simplicity but here is a breakdown.
3mill + owned for now by Asher
1mill + owned by peak 1
1.8 mill + owned by Canadian investor for putting up money to buy back Peak 1 debenture
1.4 mill+ owned by Summit Trading/Charles ARnold
500k+ Russ Adler
500k+ Mark Klok
300K+ Lorne Kalisky
9.3mill + Sean Wagner
5.9mill+ Julian Levya and another creditor presumably Jason Boyd
2 mill+ unknown owners for services rendered
5 mill+ for consulting services rendered
also doesn't include the issued stock to Global which I cant remember but believe it was around 2.7 million shares
Doesn't really matter as the board of directors is all for show, the only with any say or voting authority is the holder of the golden 200 shares
either Wagner or Thomas.
John Thomas holds and controls the 200 shares until such time as Wagner pays for it, so the crazy reality is that John
Thomas, an already sanctioned attorney for fraud and mis appropriation of funds. and whos had several companies delisted from the SEC for a numerous of vioaltions and who is currently being sued for fraud and for issuing knowingly false opinion letters is the sole decision maker and controlling party to this company.
hes not cleaning up anything lets be real , he didn't clean up Peak One, they did another debenture to get the money to pay it off because the terms were so horrible, so all they did was extend the debt to someone else with bad terms for themselves.
400,000 x 2.80 = over 900,000
what do you mean continue , how about start.
If as you say, it is a New business, new business model, new contract, new day then why did FLST need to buy out AFI and all of its debts and issue 75% of its stock away etc....
checkout who's been selling. and the prices they were sold at
this says a lot also why is Summit trading and Chuck Arnold 10% owners of this company???????????
Videos and Presentations
FLSTFuelStream, Inc.
OTCQB Logo Common Stock OTCQB 0.06790.002 (2.86%)at 9:45:00 ESTReal-Time Best Bid & Ask0.056 / 0.0678(1 x 1)Why is size 1?
OTC Disclosure & News Service
No Insider information has been published via the OTC Disclosure & News Service for FLST
No data found
SEC Transactions Last 2 Years
Trans Date Filer Ownership Type Price Shares
May 7, 2013 WAGNER SEAN
Officer direct Sell 2.80 29,000
Apr 24, 2013 WAGNER SEAN
Officer direct Sell 2.05 350,000
Feb 25, 2013 SUMMIT TRADING LTD
Beneficial Owner (10%) direct NA
Nov 13, 2012 LEY JUAN-CARLOS
Officer direct NA
Oct 16, 2012 WAGNER SEAN
Beneficial Owner (10%) direct Acquisition (Non Open Market) 0.01 1,826,622
Jan 18, 2012 WAGNER SEAN
Beneficial Owner (10%) direct NA
Dec 14, 2011 ADLER RUSSELL BRUCE
Officer direct NA
Results Per Page 102050
AFI was out of business basically and not selling fuel to anyone. They cashed in all of their collateral they had with the fuel companies and had completely stopped fueling any planes. Their revenues fell from 22 million to virtually nothing overnight. THye have judgements against them for not paying fuel bills and garnishments etc.....
Considering all of the cast of characters involved that I mentioned have a long history and a trail of companies being set up just to trades stock I believe says enough.
The company has lived off selling stock for the past 2 years. They have done 30k YTD of revenues, They brought in over 400k from stock sales or debentures and have done nothing but pay personnel and salaries, they never used it to buy fuel or the revenues would be higher. They keep saying the business is there if they had money for fuel but they did have money for fuel and did nothing positive with it.
They have been issuing stock like water to consultants who haven't produced anything positive to deserve millions of shares or the revenues would be more than 30k.
AFI was a mutli million dollar fuel supplier when they had big credit lines with fuel suppliers and terms and letters of credit with fuel suppliers as security and were given payment terms.
Now they have a black eye in the industry, no credit facilities, cashed in and liquidated before the merger all cash deposits and Letters of credit, no one jumoping to loan them real money to get started again etc.....
they are not generating enough revenue to pay their own bills as you suggested would be good.
They are the legal requirement of the SEC on all Rule 144 stock in order to remove restrictions and make the stock tradable. Every single transaction where stock was sold or pledged as part of any financing that took place needed this letter in order for the deal to proceed. It is basically a qualified attorneys legal opinion as the legality of making restricted stock free trading
Problem is there is a huge conflict of interest for an any attorney who is also an affiliate, majority share holder or possibly in this case the control block holder to write their own opinion letters, they are supposed to be completely independent based upon the requirement s of the SEC.
He has been already suspended from the commodities and futures exchange for fraud and is being sued currently for issuing illegal and knowingly fraudulent opinion letters.
Not a good thing.
John Thomas companies:
Just last year 2 of his companies , Alto and Scorpex that he was involved in were suspended from the SEC on the same day for improper and incorrect issuance of press releases as well as strong concerns about the companies issuance of stock and other major anomalys. Interesting that both of these companies also included Ken Denos, Chene Gardner whom also are invlolved in FLST.
This doesn't include NYMET, Hidalgo mines. ummg, vcan etc....
the list just keeps on going and going. but the only thing that remains constant are the players. do your DD
don't know his email, send it to me and I will
The problem is that the attorney you are referencing has a long history of regulatory problems including if you google it fraud and misappropriation of funds. He also has a history of providing knowingly false legal opinions and is being sued currently for fraud. He has set up at least 5 other companies who are currently trading at below a penny or have been removed from trading all together from the SEC for violations. This same attorney and ex CEO was also the owner of the shell previous to this merger and stands to gain a lot from this stock price moving up.
I would be surprised if this same attorney is not under an active investigation into his dealings and if he isn t squarely on the radar of many regulatory agencies.
A few thoughts hopefully someone can email Catala about:
It appears that only 1 of 2 scenarios is 100% accurate:
1- Wagner holds all of the actual control in company
If this true than the indictment and potential future problems for him are a major concern for us shareholders and the company has been putting on some pretty deceptive vibes to make people he is nothing more than a salesman and it would proven they were and are wrong.
2- Attorney John Thomas holds the controlling interest in this company and he holds the 200 shares.
If this is true and I doubt it he would be violating many SEC rules and cannons of ethics by providing opinion letters on behalf of a company he holds controlling interest in and that would be a major conflict of interest. He has a history already of being barred from CFTC and also being sued for fraud by providing knowingly false opinion letters.
Wouldn't the holding of these 200 shares and ultimately the full control of this company be a material fact subject to an 8k. I would think the public would be entitled to know this information as it is the most relevant missing piece of information needed to see the potential for the future of this company.
Why was Charles Arnold/ Summit Trading issued another 1 million plus shares from the company for consulting:
what could he of possibly done for a company with almost no revenues and unable to obtain any financing to be worth 1 million more shares over his 333,000 already issued to him.
I hope that we as shareholders can get answers to these questions
Hopefully for him and his family you are correct but I am concerned because the star witness is his cousin who was already convicted on the same indictment and was his bookkeeper.