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BEHL - Eco Waste Control
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Do a web search for "Eco Waste Control" and your only results are from the recent BEHL press release.
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The Eco Waste Control website was just registered on June 22, 2011:
www.ecowastecontrol.com/
Registrant:
EcoWaste Control
12868 Via Latina
Del Mar, California 92014
United States
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: ECOWASTECONTROL.COM
Created on: 22-Jun-11
Expires on: 22-Jun-12
Last Updated on: 22-Jun-11
Administrative Contact:
Litwak, Ed cosm@sbcglobal.net
EcoWaste Control
12868 Via Latina
Del Mar, California 92014
United States
917 940 3000
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The Eco Waste Control business entity was just created on 6/27/11
It was registered with the NV SOS and still doesn't have any officers appointed:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=%252bDiKuIXEkW%252bnd9KXrtPOfQ%253d%253d&nt7=0
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Let's research the people, phone numbers, and addresses connected to the entity:
Ed Litwak
12868 Via Latina
917 940 3000
858-481-2207
12868 Via Latina is a private residence
917-940-3000 is a New York based cell phone number
858-481-2207 is a Del Mar number
Other companies associated with Litwak, 12868 Via Latina, 917-940-3000
Satellite Today
Pacificap Entertainment Holdings Inc
Cavalcade of Sports Media Inc.
Stakool, Inc.
Cornell University
Raptor Technology Group, Inc.
Here is a 2003 press release announcing a proposed merger between Cavalcade of Sports Media Inc (CVOS) and Pacificap Entertainment Holdings Inc (PFEH) signed by Ed Litwak
http://ragingbull.quote.com/mboard/boards.cgi?board=CVOS&read=7
The merger ended up happening and Pacificap Entertainment Holdings Inc (PFEH) was the surviving entity.
In 2007 Litwak raised the Authorized share count to 3,000,000,000 then diluted it down to no bid.
PFEH is still a publicly trading company
http://www.otcmarkets.com/stock/PFEH/company-info
The Nevada business entity has been revoked:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=FKJqHuFMEr9kuWmPP%252frZHQ%253d%253d&nt7=0
PFEH IHUB forum:
http://investorshub.advfn.com/boards/board.aspx?board_id=2842
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The newly appointed Vice President is Brian Zola. Karen Prentice is the Secretary, Treasurer and Director.
The company will be announcing a new President & CEO; in the meantime Brian Zola will take the role of interim President & CEO effective immediately.
Karen Prentice is Ed Litwak's daughter:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51991738
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43435650
She is a former beneficial owner of Pacificap Entertainment Holdings Inc (PFEH) back in 2002 when it was still called Cavalcade of Sports Media Inc (CVOS)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=1819101
Looks like the history of PFEH is almost as scammy as BEHL
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Brian Zola is proving a little more tricky to track down. He could be a Los Angeles resident with a very small connection to film.
I haven't figured out his connection to the Litwak/Prentice family or any BEHL insiders.
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The first immediate red flag surrounding the press release is that a group with no history of any involvement in bio waste control have formed a brand new entity that suggests it will be involved in bio waste control. That industry is much more inline with Dennis Fisher (fka Mark Haines)'s past and former areas of interest connected of the BEHL shell and its insiders.
I think the best thing for investors to do is keep an eye on the BEHL business entity:
http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P07000098713&inq_came_from=NAMFWD&cor_web_names_seq_number=0003&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=BIOCENTRIC&names_filing_type=
Depending on which filings is right there were either 20,000,000 preferred shares outstanding (according to the attorney letter) or 95,000,000 preferred shares outstanding (according to the quarterly report).
Attorney Letter:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=44583
Quarterly Report:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=44582
Maybe some preferred share certificates were lost like what happened to some of Roger Pawson's CBYI preferred shares?
Probably no coincidence that both CBYI and BEHL use the same attorney.
Each preferred share converts into 2 common shares.
20,000,000 preferred shares = 40,000,000 common shares
95,000,000 preferred shares = 190,000,000 common shares
Either way if converted at the current $.0001/share price those preferred shares would have almost no value. Insiders can't make much money selling common stock at $.0001/share.
According to a recent FL SOS amendment the preferred shares no longer require a 2 year waiting period to be converted. They only require the unanimous approval by the Board of Directors.
http://sunbiz.org/pdf/88827264.pdf
This "merger or acquisition" could be the ideal front for a reverse split allowing for the insiders to profit that much more off of the BEHL shareholders whether through preferred share conversions or just a fresh new round of dilution.
Looks like someone needs to be directed to this post once again. LOL
Quote:
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Some types and description of lies that can easily be recognized that the ones behind this ticker BEHL has done and/or continue doing.
Discussing the particulars of every instance (that are many) may be a waste of time. It is up to any prospective BEHL investor or trader to do that research for themselves. It can easily be done and any amount of common sense or intelligence can quickly see the myriad of BEHL lies.
To discuss with or point out to "longs" or "stuckholders" that already know, just refuse to see, or to any continued low life promotion/promoter is quite pointless.
Quote:
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Lying by omission
One lies by omission when omitting an important fact, deliberately leaving another person with a misconception. Lying by omission includes failures to correct pre-existing misconceptions. Also known as a continuing misrepresentation.
Big Lie
A lie which attempts to trick the victim into believing something major which will likely be contradicted by some information the victim already possesses, or by their common sense. When the lie is of sufficient magnitude it may succeed due to the victim's reluctance to believe that an untruth on such a grand scale would indeed be fabricated.
Barefaced lie
A barefaced (or bald-faced) lie is one that is obviously a lie to those hearing it. The phrase comes from 17th-century British usage referring to those without facial hair as being seen as particularly forthright and outwardly honest, and therefore more likely to get away with telling a significant lie. A variation that has been in use almost as long is bold-faced lie, referring to a lie told with a straight and confident face (hence "bold-faced"), usually with the corresponding tone of voice and emphatic body language of one confidently speaking the truth. Bold-faced lie can also refer to misleading or inaccurate newspaper headlines, but this usage appears to be a more recent appropriation of the term.
Contextual lie
One can state part of the truth out of context, knowing that without complete information, it gives a false impression. Likewise, one can actually state accurate facts, yet deceive with them.
Economical with the truth
Economical with the truth is popularly used as a euphemism for deceit, whether by volunteering false information (i.e., lying) or by deliberately holding back relevant facts. More literally, it describes a careful use of facts so as not to reveal too much information, as in speaking carefully.
Exaggeration
An exaggeration (or hyperbole) occurs when the most fundamental aspects of a statement are true, but only to a certain degree. It is also seen as "stretching the truth" or making something appear more powerful, meaningful, or real than it actually is.
Fabrication
A fabrication is a lie told when someone submits a statement as truth, without knowing for certain whether or not it actually is true. Although the statement may be possible or plausible, it is not based on fact. Rather, it is something made up, or it is a misrepresentation of the truth. Examples of fabrication: A person giving directions to a tourist when the person doesn't actually know the directions. Often propaganda is fabrication.
Lying in trade
The seller of a product or service may advertise untrue facts about the product or service in order to gain sales, especially by competitive advantage. Many countries have enacted consumer protection laws intended to combat such fraud.
Lying by obsolete signage
Examples are the continued use of old stationery that has printed information such as a previous telephone number, or advertising that remains painted on a wall after an enterprise has ceased business.
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Holding on to shares at this point for some hopeful event to get any money back does not take in the effect the inevitable R/S. The inevitable R/S or even the ticker going to absolute NO VOLUME with NO BID. Time that it will take, one could have put that money, even though it is a loss with BEHL, to some other better use or better hope at least.
Once a R/S happens or there is not even the million here or there shares getting bought, there will not even be the money the shares are worth at this point. Given that worth is not much now, but will more than likely be worth even less later and even harder to get rid of them.
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http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64841861
That’s sure is quite short of the stated 48% (pretty bad math there), and more like around 14%. But like I stated a few trades can be put in and there is a small use for flipping, could use more volume for my style, but can’t always have everything. A little longer term, doesn't really look so great. Not anything to do with me, it is what it is, and I’m not the type to deny (like some do) when a couple of weeks it is in a downtrend and it has got a little push or bounce from the bottom of that downtrend.
But it has a ways to go to match the last roll. From the last high top it was down about 51%, meaning it needs about a 102% increase from the low of the bottom to just match. It’s done about half that right now, so again good job to any respectable trader getting any of it. Given that a big portion of the volume is just the paid promo/momo team or other non common retail sources, and is one of the reasons I stated it’s “a cautious game at best”.
But here’s the rest of the post that comments of “thanks” was given, and “you’re welcome”.
I've got a close of .0227 last Fri.
Close of .0259 Today
Guess that needs some creative accounting to put some misleading spin for exuberant percentages on that one. Use the high of today and low of last Fri, that will sound better.
Way down from the high of the last peak or push of three weeks ago at .034.
Volume isn't the greatest. It may be up a bit for the average, but depending what days you use, it still isn't very good for the average volume during the times of promo pps push for the last tops in the last few months. Along with the elusive .03 still out of reach.
Guess the BNPD promo/momo team better step it up and use some more funds. Kudos to any of the common "Joe" or "Jane" trader that manages some profit on all the BNPD hype. Still a very cautious game at best, the harder the hype, the harder and faster the fall will be. Always something or some that will destroy any run, usually the pinky promo team right when they are at the height of their promo (who of course at the same time say they would never LOL).
Too bad the company can only try to fluff up some already old wells that they had a lease on. But those wells are historically very Low or NO-producing wells (see I-Box for links) and the only thing that is going on is Gouger transferring the cost of sitting there on them to the shareholders of a pinky shell IMO.
Gouger is having a hard time doing even that. After stating in a PR "in the following days" on 5/20/11 over two months ago, still no sign of any SEC filings except paid BNPD promo team stating the same over and over every day.
Gouger has done nothing but have a hard time, including with his oil business. Constant violations and failing reporting standards for even the little bit of oil business he has done in the last few years (again see I-Box for REAL DD and links, all hype aside). But that is again nothing new; Gouger has had a history of permit and safety violations even before this particular lease was taken over about three years ago.
I've got a close of .0227 last Fri.
Close of .0259 Today
Guess that needs some creative accounting to put some misleading spin for exuberant percentages on that one. Use the high of today and low of last Fri, that will sound better.
Way down from the high of the last peak or push of three weeks ago at .034.
Volume isn't the greatest. It may be up a bit for the average, but depending what days you use, it still isn't very good for the average volume during the times of promo pps push for the last tops in the last few months. Along with the elusive .03 still out of reach.
Guess the BNPD promo/momo team better step it up and use some more funds. Kudoos to any of the common "Joe" or "Jane" trader that manages some profit on all the BNPD hype. Still a very cautious game at best, the harder the hype, the harder and faster the fall will be. Always something or some that will destroy any run, usually the pinky promo team right when they are at the hieght of their promo (who of course at the same time say they would never LOL).
Too bad the company can only try to fluff up some already old wells that they had a lease on. But those wells are historically very Low or NO-producing wells (see I-Box for links) and the only thing that is going on is Gouger transfering the cost of sitting there on them to the shareholders of a pinky shell IMO.
Gouger is having a hard time doing even that. After stating in a PR "in the following days" on 5/20/11 over two months ago, still no sign of any SEC filings except paid BNPD promo team stating the same over and over everyday.
Gouger has done nothing but have a hard time, including with his oil business. Constant violations and failing reporting standards for even the little bit of oil business he has done in the last few years (again see I-Box for REAL DD and links, all hype aside). But that is again nothing new, Gouger has had a history of permit and saftey violations even before this particular lease was taken over about three years ago.
But as far as just trading, there might be or has been a trade or two which doens't have anything to do with the viability of the company but only on paid promotional tactics or BNPD momo that can be mustered up. And to that I wish "Joe" or "Jane" good luck.
You mean BirdCrudGang. The penny.com want a be. Bunch of jokers. They have been responsible for turning this stock into a pump and dump. They must have some more shares to get rid of and going to try to do another spike. Sure wouldn't fall for it.
At least they admitted that I was right last week when I stated BNPD was in a downtrend. Has been for about two weeks now. I also stated about the paid promo that appears on posts on this board that creates those spikes and was right when I stated that it was at the top of one last Fri and many technicals were indicating another dip. Exactly what happened. Also went lower on higher volume.
This thing is forming similar appearance to a Pump and Dump chart with lower highs and lower lows. Coming down to match the last longer term low of about a month ago. Problem is is that time it was above the 50 day and bounced off of it, now it has plunged below and with it has many negative techs where they were positive for that last low. Plus, many are just getting aware of the paid promo tactics and MOMO is more scarce.
But shorter term 5 tick trend candles definitely show downtrend and the only thing BirdPooStock is going to do is maybe get another spike to sucker some into buying their shares. Maybe good for another day trade if the birdpoo can pull it off.
Did you see only one well that was operating? On the website
http://www.rrc.state.tx.us/data/online/index.php#
There is an interactive map that shows the well placement.
Which one is the picture of?
Do you have pics of the permits for each of the four wells? What are the permit numbers with the corresponding API#'s.
Three of the wells are about 100ft or so from each other, the other is a little bit farther from the others.
I'm not questioning your word, just was looking for pics of the different wells and the permit numbers that went with each of them.
I did get pics of the permits and all that.
Where are you getting those numbers? Is there some documented report or just off the PR by the company. The field is not getting anything close to that 20 bpd and I really doubt that it will. Not on any 30 day basis anyway. And there is doubts that it has a reserve anywhere near the amount the company has PR'd. It's almost a given that any pinky PR is over stated and one must take that fact in view when certain projections are given.
At any rate, whatever the bpd is or will be has to be shown on documented reports, so will be interesting to watch for that.
Where are the costs coming from. Are they expenses from any audited financials of BNPD? Or are there any links to verifiable data confirming that maybe what it should be or is. Of course, some wells don't do as well as others when it comes to getting the last of the oil out and expense to operate low producing wells are considerably more than better producing wells in relationship of expense per barrel of oil.
Also lets be clear on what exactly "ownership" is when it is "working interest".
WORKING INTEREST: The right granted to the lessee of a property to explore for and to produce and own oil, gas or other minerals. The working interest owners bear the exploration, development, and operating costs on either a cash, penalty or carried basis.
“Working Interest” means an interest in an oil and gas lease that gives the owner of the interest the right to drill for and produce oil and gas on the leased acreage and requires the owner to pay a share of the costs of drilling and production operations. The share of production to which a working interest owner is entitled will always be smaller than the share of costs that the working interest owner is required to bear, with the balance of the production accruing to the owners of royalties. For example, the owner of a 100% working interest in a lease burdened by a landowner’s royalty of 12.5% would be required to pay 100% of the costs of a well but would be entitled to retain 87.5% of the production.
BNPD (Gouger) is 25% "working interest" in lease paying the operator Tejones (Gouger). Shareholders of BNPD (no such thing as TXOM, just wishing and hoping at this point, which are not very good investment strategies) are paying Gouger (Tejones Operating Corp) whatever Gouger wants to pay himself.
Since Gouger (Tejones Operating Corp) hasn't been able to do much for years besides the same wells PR'd in the way of oil operations and these wells don't seem to put out much, are probably not very efficient when compared to the expense of operating to production of oil, and not have a whole lot of profit, it only seems fitting that he buys up some low end pinky shell and have shareholders pay for any operations.
Operations that he has been doing there already. Working, "re-working", whatever one might want to call it, he in fact has been there for some time verified by documents and reports.
In this business, one can call every day going back in and beginning to re-work the wells. Looks like just procedures of the industry, nothing spectacular thats for sure. And these wells seems like such small puddles of oil in comparison. On a thirty day basis, average barrels per day for the last report was only a few barrels per day.
I know oil prices are up, but I just don't think thats going to cut it for the amount of "working" the wells it's going to take to get the last of the puddles out. If it did, Tejones wouldn't need to work with a pinky shell, he would just go and make some money with the oil. But share selling a pinky shell is a lot less work and a lot easier and more profitable I guess.
Production reports, when Tom Gouger as Tejones Operating Corp has been working or "re-working" the wells, any lack of proper permits, etc can be and have been verified by may "eyes" witnessing and can be further documented here:
http://www.rrc.state.tx.us/data/online/index.php#
Again here are the numbers and data one can use to search through any reports, permits, actions, etc., etc for these wells.
Operator name: Tejones Operating Corp
Operator # 841338
Lease or RRC # 01090
Field #22897001
Lease name: Bryan Estate
API#03902624 #1; API#03902625 #2; API#03902626 #3; API#03902627 #4
http://www.rrc.state.tx.us/data/online/index.php#
One should expect BNPD (no ticker change yet, but it is Gouger) to be out there and Tejone Operating Corp (or Texas Oil and Minerals) to have some operating equipment out on the site.
It is about the ONLY site that Gouger has been operating and producing oil from for about three years now. Although it has not been much in comparison to how much is really needed to substantiate any PR forward looking statements or validate any exuberant or even decent pps.
Don't mean to belittle any effort or time to snap a few pics of the site, maybe snap a pic of the current and valid permit for each of the wells if possible. Not sure if they are even following the proper permits or safety regulations since Gouger has had a history of violating those rules and regulations.
Probably it would be good to compare with other sites that are actually pumping good business and plenty of oil and see how the site compares.
But the bottom line is how much oil is actually produced and the expenses that BNPD (not TXOM until there are filings showing at OTCBB.com) for example is paying itself Tejones Operating Corp to operate it. Only 25% "working interest" is BNPD or Texas Oil and Mineral and any profits Tejones does for their service is Gougers and not the shareholders; nor does Tejones services depend on profit from the wells and can get paid their fees from shares sold in BNPD whether BNPD shareholders profit or not.
Checking of production reports, permits, etc, etc can be quite helpful in any real DD on the company. Like I said they should be out there, the majority of anything that Gouger been doing with oil is out there at that site, even though it hasn't been much compared to the rest of the oil industry. In the bottom of the pack group for oil production and this site is also in the bottom for the majority of profitable oil operations.
So it shouldn't be any surprise or oddity that they are at least still in fact there. It matches to all the production reports. But now the shareholders are going to foot the bill and pay them to continue to work these measly producing wells that by the reports are again falling in production on the average monthly numbers.
And one can go to the Texas authority site and correlate that this field is about the only oil producing operations for Gouger and get every month for years back such as this one. But Tejones reports will compare to the field production report given for the entire time since Gouger took it over.
http://www.rrc.state.tx.us/data/online/index.php#
Looking like that pinky "sweet deal" for the ticker owners more all the time. Seems like there is an "owning" (25%) of a "working interest" lease with a company, BNPD (Texas Oil and Minerals) that pays itself and owner of the operating company (Tejones Operating Corp) with shareholders "financing" through shares of a public pinky company. Public companies are "financed" through selling either directly or indirectly of shares, nothing new about that.
Sure looks like this paying by itself (Tom Gouger and Texas Oil and Minerals, BNPD i.e.: shareholders) is paying itself (Tom Gouger and Tejones Operating Corp) to operate the wells. Not saying anything is a scam or illegal, but not so sure that it's such a "sweet deal" for shareholders and somewhat like the fox guarding the henhouse.
Wells (the “henhouse”) that have not done quite the production as what BNPD PRs want to impress upon the public it seems. Listed here is the production for 2010 and 2011 for that Bryan Estate which correlates to the income of Tejones Operating Corp production which for the most part were only this site. Now of course I'm sure there is more data and would hate to have anyone take anything out of context, just trying to figure this out. There should be some expense to those operations and what profit from the disposition and it should be fully disclosed and with some rare pinky transparency with verifiable links or documents.
I do understand that the "forward looking statements" are trying to submit that with some fancy dancy process and/or equipment that there will be some better production. But this is just a report of what the Bryan Estate did do. Not sure how many hours a day or how many days per month they actually operated at this point to get that "average per day" mark of 12 barrels that was PR'd or exactly what numbers they used. But averaging these numbers are considerably less than the 12 barrels just using even 20 days per month, and they should at least be operating that many days per month.
Also, like a pinky stock pps, it can go up and down with oil production numbers no matter whether it’s in a downtrend or uptrend. But there is an observation that the numbers of the two wells already in production as stated by the PR that the trend of oil production is going down and average per month is falling and the fact that the “future looking statement” only falls in the current average per well when all four wells are worked from their numbers. The increase of production is only by just getting the additional two wells going.
The initial production from the first two wells when they were returned to production last year was 12 barrels of oil per day without cleanouts or treatment. We feel with that removing the paraffin buildup and the cleaning out of the sand screens will increase the production from all four wells to between 20-32 barrels per day.
The Bryan Estate property presently contains 4 wells all of which are expected to be worked-over and cleaned out and brought online over the next 1 to 2 months.
Maybe the bold got missed, also goes for ones who really might know some good DD on oil production, leases, confirming that oil production, processes, or lease and profit capabilities specifically for BNPD, Texas Oil and Minerals and the State of Texas area in which they supposedly operate.
A couple of requests for input from the DD board with going over a little with BNPD. It has been oil company play with a purchase of a shell that was long ago a soft drink company that had gone dark quite a ways back with it just being a shell with no product, no officers, and only an empty shell when purchased by Tom Gouger.
And of course the thing is being pumped to have some great pps value of a ticker change and pumping oil to and from the moon (a little sarcasm of course there). A simple ticker change that has been being over rated now about every day, all day, for about 2 months and has yet to come about. But it does bring up a couple of questions for this board with anyone that might have some good DD or info regarding a couple of things.
Please, I'm not asking for any debate with any pumper clowns, carnival barkers, or circus turkeys, (nor will I waste my time getting into any debate with the like), but some real input from anyone who might have some intelligent thought on it I would welcome.
One; within the time of being a dark shell, the story immerges that the shell owner Pulver gives, issues, sells, whatever millions of shares to his then buddy Roger Pawson. For whatever reason, any deal between Pulver (original owner of BNPD shell) goes funky and they seen to not be so much buddies anymore. Pulver sells the shell to Tom Gouger, Texas Oil and Minerals and word comes about via the pumpers that those shares in question were cancelled or put a temporary freeze on them.
Now the question is that what options does Gouger have, a word is that it is Gouger that has to either now get a court order to continue any “freeze” or cancellation or do some other means to have the TA give some sort of statement or legal doc on those shares. Another word since it is really Gougers move to do something, that Pawson can just wait and have those BNPD shares once again to sell. Of course part of the pump is that since no one can link to any court docs or law suit from Pawson that the shares are safe and there won’t be any future selling or effect on the pps when there is.
But there is some thought that there won’t be any ticker change until these shares are accounted for and this issue taken care of, and that it is Gouger that needs to have any action looked for and that to just continue to “circus turkey call” out that there is no lawsuit found is of course just trying to hide the fact that these shares are an issue. Now I can’t see these shares that were supposedly issued by the TA to Pawson just being able to magically disappear. And I can’t see any of the three (Roger Pawson, J.D. Pulver, and Tom Gouger) wanting or letting this get to the courts or any lawsuits. But wonder what some thoughts were on all of it.
Of course the company BNPD isn’t coming forth with any full disclosure or transparency with the issue, but that can be pretty much expected since it has put itself right in the middle of the dubious pinky market where the largest majority by far is more in business to sell shares than really succeed in any real company business.
......they are required to, but they have not done so. See those are two different things, required to do so, yet they have not done so.........Fact remains that Texas Oil and Mineral has not filed with the SOS of Texas so therefore they cannot legally conduct business in the State of Texas. The date of 1982 is still valid, it is a current status for Texas Oil and Mineral that it is not in good standing with the state of Texas. It could be 1992, 2002 or 2009 and yet it still would be a valid status. .............Misleading is stating the "not in good standing" status has no bearing on current operations.
Maybe a little help.
Tom Gouger has been working that site and leases since about 3 years ago, so that part is nothing new:
Operator name: Tejones Operating Corp
Operator # 841338
Lease or RRC # 01090
Field #22897001
Lease name: Bryan Estate
API#03902624 #1; API#03902625 #2; API#03902626 #3; API#03902627 #4
If any of those numbers or names are pasted on a sign.
Production report for the last month reported which was May for Tejone Operating Corp
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65547944
Continuing on regarding BNPD and their future looking statements of production and profit abilities for actually doing business of pumping oil (to or from the moon or anywhere else). The hype is all about the four wells that BNPD (Texas Oil and Minerals) has got and that’s showing that oil will indeed be pumped to and from the moon, or at least profits will be. (Ok, again being a little sarcastic, but just can’t help myself sometimes with these pinks.)
There was a PR on 6/1/11 stating this:
Texas Oil and Minerals, Inc. (OTCMARKETS: BNPD) announced today that it has entered into a Letter of Intent to purchase a working interest the South East Texas Salt Dome. Under the terms of the agreement and pursuant to future definitive agreements, Texas Oil and Minerals will acquire a 25% working interest in the Bryan Estate which is part of the Damon Mound Field located in Brazoria County, Texas.
The initial production from the first two wells when they were returned to production last year was 12 barrels of oil per day without cleanouts or treatment. We feel with that removing the paraffin buildup and the cleaning out of the sand screens will increase the production from all four wells to between 20-32 barrels per day.
The Bryan Estate property presently contains 4 wells all of which are expected to be worked-over and cleaned out and brought online over the next 1 to 2 months.
Our consulting geologist Hal Basham will be researching and re-working the existing information on this field to determine if there is still a viable location to be drilled on this lease. This might also require us to purchase some existing seismic should it be available.
The drilling of a new well to the depth of 3,200 would give us an opportunity to look at the 4 different pay zones in this field at a cost around $350,000. Initial production would be around 50 barrels of oil per day giving us a payout in approximately four months with a positive cash flow of $18-20,000 per month to Texas Oil and Minerals interest. The Damon Mound is a Salt Dome so the existing field rules allow us to drill on one acre spacing for any new location.
Tom Gouger, CEO of Texas Oil and Minerals, stated, "Our agreement marks our entry into building a sustainable portfolio of oil producing properties. The Brazoria County property is already a highly productive area and has the potential to be further exploited to increase shareholder value in the near future and long-term."
The final contract is in its final days due diligence period and is anticipated to be finalized June 1st or soon thereafter. The negotiated total purchase price for the 25% working interest in the properties requires a US $50,000 down payment to be paid following execution of the definitive agreements.
Texas Oil and Minerals (OTC MARKETS: BNPD), www.texasoilandmineralsinc.com, is very happy to announce today that they have finalized the purchase of a twenty-five percent working interest in the Bryan Estate Leases located in the Damon Mound Field in Brazoria County Texas.
The Damon Mound field is located on a Salt Dome which was discovered in 1915 but not developed until 1925. Since that time there have been hundreds of wells drilled, which produce from a number of different horizons including the Het Limestone, Catahoula, Frio, Vicksburg and the Miocene.
Tom Gouger, CEO of Texas Oil and Minerals, stated, "The dome has produced over 5.6 million barrels from these sand with the average well producing around 60,000 barrels per well. We feel that we have around 11,000 barrels still to be recovered from the existing four wells on the lease from the sands we are presently producing from."
"While field rules for drilling new wells are regulated by the Texas Rail Road Commission and most wells require between 5-20 acres for a drilling location for wells drilled to a depth of 3,200 feet, with this field being a Salt Dome we only need 1 acre for location. This will provide us with the possibility of drilling a new well should our consulting geologist find a viable location or if he finds a good prospect from an old well bore to reenter." Gouger added.
Texas Oil and Minerals, Inc., ("Texas Oil") (OTC Pink: BNPD) announces that it plans to begin a work over of the four wells located in Brazoria County, Texas. On June 13, 2011, Texas Oil entered into an agreement to purchase a 25% working interest in the Bryan Estate Lease which is part of the Damon Mound Field. Texas Oil and Minerals with their team of geologists and engineers are structuring the procedure for the work-over and wash out of the existing wells on this lease. www.texasoilandmineralsinc.com
"We are excited to begin the work over on the Bryant Estate leasehold," said Texas Oil and Mineral's CEO, Tom Gouger. "The work-over rig and wash tank should be on location within the next three weeks to pull each well and make any repairs that are needed to the rods and tubing. We will then use the tubing to wash down to the top of the sand screen and spot chemical that will dissolve the paraffin. This will be repeated on each well and will take about two weeks to complete."
After completion this should bring them to full field production to an average of 20 barrels of sweat crude oil per day.
"Were excited about the increase in production revenues that will show on Texas Oil and Minerals next quarter balance sheet," added Gouger.
A couple of requests for input from the DD board with going over a little with BNPD. It has been oil company play with a purchase of a shell that was long ago a soft drink company that had gone dark quite a ways back with it just being a shell with no product, no officers, and only an empty shell when purchased by Tom Gouger.
And of course the thing is being pumped to have some great pps value of a ticker change and pumping oil to and from the moon (a little sarcasm of course there). A simple ticker change that has been being over rated now about every day, all day, for about 2 months and has yet to come about. But it does bring up a couple of questions for this board with anyone that might have some good DD or info regarding a couple of things.
Please, I'm not asking for any debate with any pumper clowns, carnival barkers, or circus turkeys, (nor will I waste my time getting into any debate with the like), but some real input from anyone who might have some intelligent thought on it I would welcome.
One; within the time of being a dark shell, the story immerges that the shell owner Pulver gives, issues, sells, whatever millions of shares to his then buddy Roger Pawson. For whatever reason, any deal between Pulver (original owner of BNPD shell) goes funky and they seen to not be so much buddies anymore. Pulver sells the shell to Tom Gouger, Texas Oil and Minerals and word comes about via the pumpers that those shares in question were cancelled or put a temporary freeze on them.
Now the question is that what options does Gouger have, a word is that it is Gouger that has to either now get a court order to continue any “freeze” or cancellation or do some other means to have the TA give some sort of statement or legal doc on those shares. Another word since it is really Gougers move to do something, that Pawson can just wait and have those BNPD shares once again to sell. Of course part of the pump is that since no one can link to any court docs or law suit from Pawson that the shares are safe and there won’t be any future selling or effect on the pps when there is.
But there is some thought that there won’t be any ticker change until these shares are accounted for and this issue taken care of, and that it is Gouger that needs to have any action looked for and that to just continue to “circus turkey call” out that there is no lawsuit found is of course just trying to hide the fact that these shares are an issue. Now I can’t see these shares that were supposedly issued by the TA to Pawson just being able to magically disappear. And I can’t see any of the three (Roger Pawson, J.D. Pulver, and Tom Gouger) wanting or letting this get to the courts or any lawsuits. But wonder what some thoughts were on all of it.
Of course the company BNPD isn’t coming forth with any full disclosure or transparency with the issue, but that can be pretty much expected since it has put itself right in the middle of the dubious pinky market where the largest majority by far is more in business to sell shares than really succeed in any real company business.
Number two issue is about actual oil production and site or oil leases that are pertaining to all the wonderful common pinky PR fluff and hype of gobs and gobs of oil and profit that BNPD is going to have in the future. But since there are links and some pics of docs and it has its own subject I’ll put that on the next post and leave any questions, answers, or opinions to this one for now.
Still not going to take care of the BS that is going on behind the scenes with the problems of this ticker and transfer of the shell. That is another issue and again it won't be waved away by simple BNPD hype saying it will. The SEC or FINRA doesn't pay any attention to that. And by the way, just looked and no new filings with SEC or OTCBB.com. Looks like we might just be getting another fluff PR of "soon", or "next week" or some other misleading BS fluff statements.
Daily trend candles, bulk of trades have been settling for lower price. Yes it could turn up again for short term, but it may not.
5 tick trend candles (since we are talking current "trend"). Yes we get spikes partially instigated by BNPD paid promotion and trying to keep this thing from sinking below supports, but for the week ("current trend") the line is downward. IFTRSI, PPO, CCI, TMF, COG all indicating another downward dip.
Like I said it can be interpreted anyway one likes and infinite number of ways, with infinite of different charts and it depends on time frame and style of trading. I trade and interpret charts for me and I profit that way for the most part. But anyone can be misinformed by pinky hype as they please. Or choose to go on all nite with silly chart arguments, good luck with that, but again everyone should do their own for their own money.
Still not going to take care of the BS that is going on behind the scenes with the problems of this ticker and transfer of the shell. That is another issue and again it won't be waved away by simple BNPD hype saying it will. The SEC or FINRA doesn't pay any attention to that. And by the way, just looked and no new filings with SEC or OTCBB.com. Looks like we might just be getting another fluff PR of "soon", or "next week" or some other misleading BS fluff statements.
We can discuss technical after technical, I've been around so long that I know enough to know that the simple technicals are used and abused by company paid hype and promoters and used as fodder for about anything.
One day the pps closes green on a downward trend and it’s used as "look we broke the 20 Day" "whoopee" and another day when it closes negative the remarks are "well, the close doesn't portray the worth of the company and can't be paid much attention too".
Both kinds of statements have been used on the BNPD hype. Instead of wasting time discussing the literally hundreds of hundreds of technicals, my only point is that when anyone says green on a chart, it can be said red in some other technical, and vice versa. And it can go on all day and night.
What I know (since you asked) is profitable for me and my management of my money and I would suggest to anyone that once it is learned the basic knowledge of a chart or its technicals to expand that knowledge and learn so much more and do it for oneself, not just go on all the BNPD penny.com want to be and paid advertising.
At this point, BNPD is on a general downward trend with shell share transfer problems and two months since the original hype of a simple ticker change and down 50% from the high of that time. And so what that the ticker changes, big deal. The pps could change and go up a bit, but all I've seen is profits that can be gotten in hrs or days and no real long term positive aspects.
Again there is no real transparency or full disclosure with this company and only found in fluff PR's that are always misleading and paid promotional teams with just words, but never the real thing.
Along with my knowledge of charts and many, many of its technicals is the fact in the pinky world, BNPD included, is that the stronger the hype and stronger any uptrend is, the harder it falls in the longer term and that holds true no matter what technical one wants to talk about.
Why some say charts are worthless down in the pinks, and it is partially true in many cases. But to learn to interpret certain technicals in ways that are much more advanced than the basic common simplicities are a good thing to thrive for and that is what I know and would suggest to anyone to know it as well.
Maybe, you might be right. Just never know, but it can also continue down with its current trend just as easy. Depends on whether one is "trading" or "investing" and how much risk one wants to take on and in what time frame. Definitely have some negative issues that are coming into play on this one.
And red is red. About two months ago, this thing topped out at .044, now down about 50%.
Yes, that topping the 20 Day by about .0003 was real exciting. Especially since the 20 Day has been on a downward slope for about 30 days now. Makes that close above a bit easier to get at EOD when the 20 Day is coming down to meet it. LOL
Again, I wouldn't suggest to anyone to hold their breath for any lawsuits, not to say they couldn't happen, just wouldn't hold my breath for them.
What I will expect is for sometime in the future selling of some "mysterious" shares or "mysterious" reasons and this problem be somehow attempted to be pushed away in a dark closet covered by BNPD promotional means so that no one will be looking at it.
Sorry about the mistake, looking at trend candles for a moment there. High of last Fri .028 high this Fri and how much percentage down? Along with generally most shares selling for lower with a downward trend. For the bulk of the shares, RED, RED, RED on the week.
BNPD RED for the week. High and close of this Fri is lower than of last Fri.
One of the comments going around is that Pawson just needs to sit and wait; it is Gouger that has to initiate some court order to follow through with some temporary action.
But I doubt too many will really know all of what went on when Pulver gave those shares to Pawson or all the specific details attached to the issuing, and I'm definitely not going to defend either and try to distinguish differences of who’s a crook or a thief.
Many will not pay attention to what will happen to the shares and it will have every effort to have hidden any problems to the general public by all involved.
But it does and will bring attention by any regulatory entity and with the increased scrutiny of these transferred shells, may continue to be an issue. Whether or not one wants to believe that these shares were "stolen" or not, the real fact is that they were issued and are floating around like some sort of stinky goo on a scum pond. They just don't go away with a magic wand or the mere statements of BNPD hype.
That’s just the way it is with these shells. I've stated before that they are getting to be like used TP and too many of them should have been flushed long ago. There are always some issues involved with them, just the way it is.
IMO, I don't think any of these guys really want it in the courts (i.e.: on Pacer) and common sense would tend to think that some other means would be used in order to move on and have the issue settled. I would half expect some sort of note or debt listed, but who really knows at this point.
What exactly that is going to entail is all part of the waiting game. But any real and total disclosure and/or total openness from the pinky company will only be found on BNPD hype and paid promotional ads, twits, misleading fluff PR's, etc in "future looking" or hype words only.
Reality, it is what it is.
Very true, the clearer head is most always sitting on the sidelines looking in.
If only it was reasonable to short a penny stock. It sure would be an easy target, thats a guarantee win with something like that.
But, for most retail, it isn't, one would have to get the shares to short and pay out big time in order to even try to do it. It just isn't feasiblele and way too much hassle for the most part.
But if it was, there is nowhere but down in pps for that to go and then guess what? Increase in A/S in order for more share selling business profit. Very vicious circle for any normal "investor".
I wasn't a bit surprised either and expected it not to. One can blame the two months of delay on the Government or even "vacations", but BNPD is going to have to get the BS between Pawson and Pulver settled out, and that is quite the stickler. But I would suspect both of them are going to be selling shares in the future. Of course all IMO and no thanks necessary for it.
But whether or not there is acceptance to the fact of a mess between Gouger, Pawson, Pulver, and the shell, it will still continue to get in the way for a bit longer and agree its just a waiting game. Of course results of the game and its connection to the pps and share structure of BNPD is always debatable.
The BNPD hype and positive will express that there is no problem and oil will be pumped from the moon and others will admit that there very well might be a problem and have certain effects on any future pps. But it does continue to be a waiting game.
Yes I agree, glad that post was also given.
History is very important. It can tell us where we've been and sometimes give us an idea where we are headed.
Back in the pre-publicly trading days while BioCentric Energy was still known as BCEI, the officers of BCEI were closely tied with a company known as Sustainable Power Corp (SSTP). Sustainable Power Corp (SSTP) was a company founded and run by John Rivera.
investorshub.advfn.com/boards/board.aspx?board_id=7478
BCEI and SSTP did a PR together in June of 2007:
Friday June 15, 2007 5:20 pm ET
HUNTINGTON BEACH, CA--(MARKET WIRE)--Jun 15, 2007 -- BioCentric Energy, Inc. (BCEI), as a follow up on our prior release dated June 8th, announces today delivery occurred from Iowa of 20,000 pounds of DDGS -- the by-product of Ethanol production -- to Sustainable Power Corp (Other OTC:SSTP.PK - News) in Natchez, Mississippi.
The demonstration will entail utilizing the fully scaled Hydrolysis Pyrolysis unit, the same of which will be installed in BECI's Mason City, Iowa facility. The Rivera Hydrolysis Pyrolysis Solution demonstration will blend 50% ethanol Dried Distiller Grains Soluble (DDGS) and 50% imperfect soybeans to produce their bonding agent to build E-Diesel.
A host of the top minds in the biofuels arena will view this process next Tuesday in Natchez. Some of the attendees include Mr. D. Rodriguez - National Commissioner of Energy from the Dominican Republic, and Admiral Rahamas Lora, who will accompany Mr. A. Zucco - Secretary of Energy from the Dominican Republic.
The entire Board of BioCentric Energy will be on hand including Paul McGuire, whose thirty-eight year tenure includes being Senior Business Manager for General Electric in the development of cogeneration, Syngas and distributive power projects in the western United States and Canada. While there Mr. McGuire obtained Six Sigma - Green Belt Certification from the General Electric Company.
Other attendees will include Mr. Jerry Bloom, who recently accompanied California Governor Arnold Schwarzenegger on his trade mission to China to promote the integration of alternative energy into China's resource plans, and is a Plasma Gasification Specialist in Process Engineering for Ethanol & Syngas. Finally, yet most importantly, he is a representative from U.S. Military Procurement Department, who expressed extreme interest in the low heat signature attribute delivered in the Rivera Hydrolysis Pyrolysis Solution biofuel.
Mr. Tortorice, President of BCEI, stated, "For an exact replication of our plans in Mason City, we had the DDGS feedstock shipped from our future supplier in Mason City and have retained an independent laboratory to document the entire process. We also have a film crew coming down to create a documentary of the Rivera Solution. Now is our time for rapid plant deployment, which will replicate this low-cost Cellulosic Ethanol solution throughout our great country."
Jack Tortorice went on to state this morning, "We at BCEI know what Mr. Rivera has created and what an impact the Rivera Hydrolysis Pyrolysis Solution will deliver for our country. This assembly of knowledgeable humanity is to map out the delivery mechanism for our part to energy independence and fulfilling our mission. We at BCEI gratefully consider this daunting task as the culmination of our professional careers... inform, educate, build trust and deliver the business that SSTP so highly deserves."
John Rivera was touting a pyrolysis solution biofuel in the article and BCEI was claiming that they too were installing Hydrolysis Pyrolysis units similar to the Rivera unit at their Iowa facility.
John Rivera also rain another company at the same time called U.S. Sustainable Energy Corp (USSE) now known as Zeons Corp (ZEON). His big claim with this company was the Rivera Fuel Process (RFP) which he claimed gave a fuel with less than 1% water content. Others, competitors have 15 to 30% water. RFP has reformulated, changed the chemistry, and used the hydrogen in that 30% water to form more high energy fuel output with a higher btu count than can be gotten with the 30% water biofuel competitors.
http://investorshub.advfn.com/boards/board.aspx?board_id=332
This September 5, 2008 PR from Biocentric Energy remains me a lot about some of the John Rivera claims about creating fuel and electricity:
Web exclusive posted Sept. 5, 2008 at 1:31 p.m. CST
California-based BioCentric Energy Inc. announced Sept. 2 that it has agreed on the terms and conditions of a Memorandum of Understanding to merge with AutoMax Group Holdings Inc. When the merger occurs the company’s name is expected to become BioCentric Energy Holdings.
BioCentric Energy Holdings is currently developing a biomass project though it’s subsidiary, BioCentric Energy Microwave LLC. The project involves developing a solution that utilizes a proven technologically advanced microwave solution to produce energy from waste products. According to Dennis Fisher, BioCentric Energy’s president and chief executive officer, the company has identified two waste products with a high oil yield. Although Fisher said he can’t name the products due to confidentiality concerns, he said the products are generally considered worthless waste.
Fisher said one product is organic and can yield 65,000 gallons of oil per day. The other product contains oil and has components that can be used to make syngas. BioCentric Energy has already secured the property and technology needed to manufacture the products, and is negotiating ten-year feedstock contracts for both products. “Once that comes to fruition, the actual machinery itself is sitting and ready to go,” Fisher said.
The project is designed to create electricity and oil, which can be used to produce biodiesel. Fisher said the oil produced from the products falls between soybean oil and rapeseed oil in quality, and doesn’t come from a food product. The facility will be located in near Houston, Texas, and is expected to begin producing in May or June 2009
And from an archived version of the BioCentric Energy web site from 2008:
http://web.archive.org/web/20070623145414/www.biocentricenergy.com/Home_Page.html
I guess the fuel stuff never worked out as planned. What ever happened to the Iowa facility?
John Rivera's Hydrolysis Pyrolysis Solution and Fuel Process (RFP) turned out to be nothing but frauds as were most of his claims he would release about his companies in press releases and filings. He is currently in litigation by the SEC for his false claims and pump & dump scams included false PRs about mergers and dividends.
You can read more details about it here:
http://www.sec.gov/litigation/complaints/2008/comp20648.pdf
I have been told by sources that John Rivera has a lot of influence on Dennis Fisher. I just wonder how much.
Well stated. It was very gracious of you to even give such an explanation of whether or not "you owned shares". There seems to be quite the ridiculous notion that someone has to own shares or even want to in order to discuss a stock, its promoters, or insiders. The posts of "move on", "why are you here" kind of BS is just totally illogical and only used as fodder for pumper clowns.
These boards, unless specifically for something else other than the particular stock or company (and include many companies or stocks), are for discussion of that particular company and its people behind them like paid promoters, shell owners, officers, etc.
There is no "admission" (with exception of course to non free boards) required for discussion or reason to be there and anyone has every right to come in and discuss and put out information or give their opinion on any particular stock and their insiders.
There is also can be a line drawn sometimes what the actual "company" owns and what the insiders or shell owners own. For example, Pawson many times has been stated not to be an actual officer, but does have many involvements with several "companies" (term in which used very loosely) including BNPD, and definitely has an effect with shares owned and sold and does have effect in the pps of each of those "companies".
But all this interest in whether or not anyone has shares of any company is more or less irrelevant and only maybe a very small part in one’s own decision to have any.
Factual reasons why one does or doesn't might have more relevance and again it was very gracious of BB to give those.
And the link to Scions board where I picked it up.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65466549
Along with the wait while the "rinse and repeat" goes through the proccess, here is the connection with BEHL and Rivera.
Does anybody know when or how Dennis Fisher took over as President of BioCentric Energy Inc?
I was reading through this old press release from 2007:
investorshub.advfn.com/boards/read_msg.aspx?message_id=28410212
Sustainable Power Corp Delivers for the Skeptics
Friday June 15, 2007 5:20 pm ET
HUNTINGTON BEACH, CA--(MARKET WIRE)--Jun 15, 2007 -- BioCentric Energy, Inc. (BCEI), as a follow up on our prior release dated June 8th, announces today delivery occurred from Iowa of 20,000 pounds of DDGS -- the by-product of Ethanol production -- to Sustainable Power Corp (Other OTC:SSTP.PK - News) in Natchez, Mississippi.
The demonstration will entail utilizing the fully scaled Hydrolysis Pyrolysis unit, the same of which will be installed in BECI's Mason City, Iowa facility. The Rivera Hydrolysis Pyrolysis Solution demonstration will blend 50% ethanol Dried Distiller Grains Soluble (DDGS) and 50% imperfect soybeans to produce their bonding agent to build E-Diesel.
A host of the top minds in the biofuels arena will view this process next Tuesday in Natchez. Some of the attendees include Mr. D. Rodriguez - National Commissioner of Energy from the Dominican Republic, and Admiral Rahamas Lora, who will accompany Mr. A. Zucco - Secretary of Energy from the Dominican Republic.
The entire Board of BioCentric Energy will be on hand including Paul McGuire, whose thirty-eight year tenure includes being Senior Business Manager for General Electric in the development of cogeneration, Syngas and distributive power projects in the western United States and Canada. While there Mr. McGuire obtained Six Sigma - Green Belt Certification from the General Electric Company.
Other attendees will include Mr. Jerry Bloom, who recently accompanied California Governor Arnold Schwarzenegger on his trade mission to China to promote the integration of alternative energy into China's resource plans, and is a Plasma Gasification Specialist in Process Engineering for Ethanol & Syngas. Finally, yet most importantly, he is a representative from U.S. Military Procurement Department, who expressed extreme interest in the low heat signature attribute delivered in the Rivera Hydrolysis Pyrolysis Solution biofuel.
Mr. Tortorice, President of BCEI, stated, "For an exact replication of our plans in Mason City, we had the DDGS feedstock shipped from our future supplier in Mason City and have retained an independent laboratory to document the entire process. We also have a film crew coming down to create a documentary of the Rivera Solution. Now is our time for rapid plant deployment, which will replicate this low-cost Cellulosic Ethanol solution throughout our great country."
Jack Tortorice went on to state this morning, "We at BCEI know what Mr. Rivera has created and what an impact the Rivera Hydrolysis Pyrolysis Solution will deliver for our country. This assembly of knowledgeable humanity is to map out the delivery mechanism for our part to energy independence and fulfilling our mission. We at BCEI gratefully consider this daunting task as the culmination of our professional careers... inform, educate, build trust and deliver the business that SSTP so highly deserves."
There is no mention of Dennis Fisher in that article.
John Rivera - that is an interesting name with some history. Didn't realize that Tortorice, McGuire, and Fisher had a connection to John Rivera. I'll be looking into that a bit more.
This article is from the merger with the AutoMax shell:
www.biodieselmagazine.com/article.jsp?article_id=2715
BioCentric Energy, AutoMax Group Holdings merge
Web exclusive posted Sept. 5, 2008 at 1:31 p.m. CST
California-based BioCentric Energy Inc. announced Sept. 2 that it has agreed on the terms and conditions of a Memorandum of Understanding to merge with AutoMax Group Holdings Inc. When the merger occurs the company’s name is expected to become BioCentric Energy Holdings.
BioCentric Energy Holdings is currently developing a biomass project though it’s subsidiary, BioCentric Energy Microwave LLC. The project involves developing a solution that utilizes a proven technologically advanced microwave solution to produce energy from waste products. According to Dennis Fisher, BioCentric Energy’s president and chief executive officer, the company has identified two waste products with a high oil yield. Although Fisher said he can’t name the products due to confidentiality concerns, he said the products are generally considered worthless waste.
Fisher said one product is organic and can yield 65,000 gallons of oil per day. The other product contains oil and has components that can be used to make syngas. BioCentric Energy has already secured the property and technology needed to manufacture the products, and is negotiating ten-year feedstock contracts for both products. “Once that comes to fruition, the actual machinery itself is sitting and ready to go,” Fisher said.
The project is designed to create electricity and oil, which can be used to produce biodiesel. Fisher said the oil produced from the products falls between soybean oil and rapeseed oil in quality, and doesn’t come from a food product. The facility will be located in near Houston, Texas, and is expected to begin producing in May or June 2009.
Dennis Fisher is listed as the CEO on 9/2/08. So sometime during that 15 months Tortorice left and Fisher took over. Need some help from the BEHL history buffs on this forum.
After BioCentric Energy took over the Auto Max Group Holdings, Inc shell from Daniel Motsinger they did an SEC filing.
On November 6, 2008 Biocentric Energy Holdings, Inc (BEHL) did it's first OTC filing
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=18101
OFFICERS AND DIRECTORS:
a. Dennis Fisher,Director,CEO&President
b. Paul McGuire, Chief Technical Advisor
c. Dennis Shen,Director&COO
d. Russell Noel, Onsite Construction Manager
Period end Date; October 17, 2008
Number of shares authorized; 200,000,000
Number of shares outstanding; 132,089,018
Freely tradable shares (public float); 48,189,466
Total beneficial shareholders; 4
Total number of shareholders of record; 110
PREFERRED STOCK HOLDERS:
Natalee Tortorice 554,000
Nicolette Tortorice 554,000
Nector Maris 74,246
Dennis Fisher 250,000
Nancy Lane-Fisher 250,000
Jack Fisher 100,000
Michael Fisher 100,000
Benjamin Fisher 100,000
Bernice Roth 100,000
Nector Maris100,000
Tony Pintozzi 82,606
Terry Adams 300,000
Kurt Peet 157,500
Bob Nagy 7,500
Brett Wooller 7,500
Dennis Shen 115,000
Paul McGuire 30,000 Mike Bacon 117,648
RESTRICTED STOCK HOLDERS:
Natalee Tortorice 2,000,000
Nicolette Tortorice 2,000,000
Nector Maris 7,548
Nancy Lane-Fisher 3,000,000
Dennis Fisher 2,000,000
Jack Fisher 2,250,000
Michael Fisher 2,250,000
Benjamin Fisher 2,250,000
Bernice Roth 2,250,000
Nector Maris 67,548
Tony Pintozzi 2,196,563
Terry Adams 7,126,900
Dennis Shen 2,000,000
Kurt Peet 3,741,623
Mike Bacon 300,000
Paul McGuire 230,000 Russell Noel 200,000
Bob Nagy 178,173
Company Treasury 36,003,437
Employee Fund 1,217,208
BENEFICIAL OWNERS (5% or more):
DANIEL MOTSINGER 83,573,295
BAF CONSULTING 11,250,000
POWER NETWORK, INC. 10,291,005
STARR CONSULTING INC. 8,750,000
Two Tortorice's show up among the list of preferred shareholders which makes sense since Jack Tortorice was the former CEO.
Paul McGuire is still there as an officer.
And Daniel Motsinger shows up still as a beneficial owner as the former owner of the AutoMax shell.
Since we're just waiting for debt to be bought up here and the inevitable fluff PR and R/S with this toxic shell transfer, an interesting event regarding one of the old involvements with BEHL.
SEC Wins Summary Judgment Against Biofuel Scammer
Jul. 22 2011 - 10:05 am
http://blogs.forbes.com/danielfisher/2011/07/22/sec-wins-summary-judgment-against-biofuel-scammer/
The long, strange career of would-be biofuels pioneer John H. Rivera came to an end yesterday when a federal judge in Mississippi granted the Securities and Exchange Commission a summary judgment against Rivera, barring him forever from the penny-stock business.
From the beginning, the facts behind SEC vs. Rivera were almost too good to be true — for a journalist. I came across Rivera when I was poking into the the profusion of green-energy scams in late 2006 that sprang up in first flowering of biofuels mania. Rivera was a small-time hustler who had a history of promoting tires-to-energy schemes, among other things. He saw his main chance arrive when biofuels became a national priority. Faster than you can say “unregistered stock,” he whipped together a publicly traded outfit called U.S. Sustainable Energy Corp.
You gotta give the man credit: He was committed to his version of reality. In an interview Rivera would have been smarter to have skipped, he tried to convince me his magical process could convert soybeans into biodiesel at a rate that defied the laws of physics and chemistry. When I told him I had already consulted the leading experts in the exact process he claimed to be using, and they said his numbers were nonsensical, Rivera simply told me the experts were wrong.
The SEC followed a year after my story with a lawsuit accusing Rivera of penny-stock fraud.
The recitation of facts shows just how much a determined scamster can get away with in the public markets, especially when the SEC only pursues a fraction of these cases. One SEC lawyer told me the agency simply can’t justify the expense of going after penny-stock swindlers, since even a clear-cut case like Rivera’s can occupy a trial lawyer’s time for months or even years.
In Rivera’s case, he told bold-faced lies about how he had souped up a centuries-old process called pyrolisis to produce millions of gallons of biodiesel. He also put out a press release saying he’d secured the backing of a major investment bank — false — and that he’d recruited a director named Dr. David Crow, who promptly ordered Rivera to retract the announcement when he found out about it.
The biggest mystery in the Rivera case is why it didn’t involve John Stanton, the Tampa penny-stock promoter who provided financial backing to Rivera and many other dicey operations. Stanton put out press releases promoting USSE and lent the company $3.3 million. When I got him on the phone, briefly, he explained he didn’t back Rivera’s USSE but another company that just happened to have the same name. He couldn’t explain the public company’s filings identifying him as a backer, and quickly ended the interview.
Stanton’s name isn’t mentioned in the Rivera summary judgment. Nor are the names of any of the shady brokers and intermediaries who allowed Rivera to sell millions of shares in USSE during its prime. Instead of focusing on whether a longtime hustler with a history of making grandiose statements about his scientific process could really defy the laws of physics and chemistry, the SEC should have spent its time figuring out who facilitated the sale of so much worthless stock on the open market.
The summary judgment says Rivera could be ordered to disgorge his profits from the scam and pay fines and pre-judgment interest at an Aug. 8 hearing. It would be interesting to know how much money others made on the spread between what Rivera got for his shares and what the suckers on the other end ultimately paid.
http://blogs.forbes.com/danielfisher/2011/07/22/sec-wins-summary-judgment-against-biofuel-scammer/
The debate of how much "protection" by the law or governing bodies may be up for debate. But the fact that there needs to be some is not. Also when there is an obvious lack of “protection” in comparison to the rampant scams and lack of real business other than to just sell shares for the personal benefit of the ones who doing the scamming, then more “protection” (more regulation and/or enforcement) is definitely warranted.
The theory of we all need to take our own responsibility and cannot protect the less intelligent, weaker, less experienced, more naive, etc from themselves can only go so far. If we did not have laws, courts, etc against thieves, muggers, and crooks and only say that people need to be stronger, more in shape, trained, carry more guns, gets irresponsible in itself.
Again the question is "how much" or what kind and then the real big one -- enforcement with proper priorities and not succumb to the financial abilities of the violators, but instead attack those abilities and create proper means to collect the costs from those violators by any means possible. Along with a goal of making the fact that crime should NOT pay due to one of the problems, especially in the pinky market, the crime so often does.
But there is validity in that we as a society, all need to take more responsibility in our actions and some of those responsibilities are in fact to govern, give structure, and give tools and opportunity for others to learn and choose the proper “personal responsibilities” of their own. It can also be said that it is also each of our responsibilities to protect the weaker, less experienced, more naïve and elect, put in place, and give support to better means and more attention to the rampant misuse of the pinky market.
Also it includes the “personal responsibilities” of the ones in authority like the SEC, FINRA, and other regulatory entities to do their job that we as a society give them to do. And it includes all of our “personal responsibilities” to give them the power or means to do it.
A “personal responsibility” may include one speaking up against the abuse, and help make aware and expose that very abuse. It definitely is not a good “personal responsibility” to be a pumper clown and support the abuse and the scams of this degraded pinky market.
Just a couple of articles that I posted on Scions board that may be of interest on money to SEC and FINRA. Of course the subject discussed in the articles is always up for its own debate.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64822387
Very true. They also give out hours and hours of entertainment, and BNPD has become quite entertaining.
Well now lets get the bid up where it shows what one will pay for it. LOL
Oops. Now look what happened. The ask and bid dropped.
Low volume is one thing, but practically no volume is another. Guess that "old" BNPD hype and promotional act isn't working so well. Can always throw in a couple of more "ticker change, ticker change, ticker change", or some other chorus sounding BNPD statements. Maybe that will do it.
Don't tell me that over hour "old" trade of 309 shares is going to be the paint of the day and week? At least someone can paint a more current trade than that "old" one. LOL
But maybe it can be the "old" junk statement of "MM's signal". With all of this "old" talk, I would half expect it.
But come on now, there some more .02's there to paint with to not make it so "old". LOL