Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
All you gotta do is pick up the phone! Call and check it out for yourself! I've posted the numbers and the contact...do your own dd. Then you can either KMA or appologize...either way IDGAF! Its your money!
He's got to do more than issue a PR when this hits the fan. These guys play for keeps (for Soviet Union). They want their money...and they will do what they need to do to get it!
I beg to differ with you..at least you know the truth! If you cant handle it, maybe you'd do the opposite with a lie:
Hey, just off the phone with the Uzbek tax authorities, the po is REAL and all is hunky-dory!
Then the bomb gets dropped and you blame me again for posting BS....Lose-Lose situation dont you think?
I see some real positves here, not so much in the current or of some folks projected price...but the volume for today. Low considering a f/s, with less than 2 hours to go...this should have been more than double. Maybe a late run...we'll see.
THis is GOOD news though. Less shares to be issued in the f/s and when this company does more (as expected) and the sales for these counties take hold, watch the money flow.....will need a new truck to cary it to the BANK!
DOnt count on it. GLTY if you stay in this...expect Federal and possibly multi-national news soon. If Dima's agent goes to the address, as I've suggested to him to visit the Canadian and US Embassy and file official complaints, they may go public...this will rock this stock to the core....hate to see it...for the SH's.
Well, there are 136 companies in Tashkent that officially have 2-NDFL's filed and NONE at the address posted on the PO, AND NONE that are named "Toshkent Overseas."
As an FYI, I suggested Dima write to or visit the Canadian and/or US Consulate's office and file an official complaint. If its in the US' office, count on the FBI and IRS getting involved.
quite honestly, i think there are more things going on behind the scenes. couple scenarios to think about:
1) if the A/S turns out to be a LOT more than posted (remember, this is a pinky), then maybe the company sold off enough shares to literally buyout all the SH's....or
2) if not 1, then consider the company IS the MAJORITY owner of the shares. what if they vote "No" on the sale? your shares have tanked, no buyout....
For 2, thats why I've asked earlier if the company (in good faith) would make their proxy public, considering they issued a PR suggesting the SH's accept the buyout. "Show Me" comes to mind.
As posted earlier, the best thing for ALL concerned is "for the buyout to happen." Will save a LOT of Jail Time!
Either way, I see this getting investigated (now) as a Recognized Government will make a trip to the US and Canadian Consulate's office and file a complaint about the TAX, which will result in people being held accountable.
Maybe another CC. He needs to address very serious issues.
who is this vndm?
PEACHMAN, the volume's kinda low compared to what you had thought, you think we have a late run or think the price is stable for the F/S?
I think the .0071's are running out...maybe we see an upswing for a short while?
Tell that to Newmont Mining out of Denver, who's been doing business there for years...shut the operation down-one of the world's most productive mining operations!
Check it out for yourself.
ALmost forgot...Dima mentioned the "Registration Number" is not correct, as well as the signature block will also be done in 2 languages and printed.
Like he said, he will be dispatching an agent to the address...this could spell trouble..he's also got my contact information.
Cheers
Yeah, pick up the phone and call yourself! BEFORE you call someone a liar!
"MUST READ-MORE NEWS"
Ok all, I decided to roll up my sleeves and do some real old fashioned digging! I've been on the phone and fax today and just finished up.
I've had a problem with this "Toshkent" sale for quite some time and decided to start there. I've had concerns over the "PO Concept" knowing the legal ramifications and the tax codes of the former Soviet States and their specific guidelines toward foriegn investors.
It appears my thoughts were correct. First, a PO will NOT DUE in this country, where a CONTRACT has to be in place before a PO will be accepted. This has to be signed and blue stamped with both companies and the bank (or both banks which may be the case), plus if it involves a "foriegn company" as defined by Uzbekistan Tax Law under Resolution No.ПП-744 of 12 December 2007 (hereinafter referred to as “Resolution 744”), which updated rates for certain taxes and obligatory payments. In this case, there WILL HAVE TO BE 2 CONTRACTS, to adequately address BOTH COUNTRIES TAXES, AND, where there is a TAX TREATY with that country, then it will be decided WHO GETS THE TAX and WHO GETS THE TAX DEDUCTION!
So I called the Uzbekistan Tax Authorities in Tashkent (+998 71 295 0820) and was referred to (+998 71 295 0058) and spoke with the Cheif Tax Prosecutor for Tashkent, Dimitri Ryoadugiun (spelling???). In addition to whats required above, the following would apply:
-1-4% Retail Tax (Uzbekistan)
-1% City Tax (Tashkent)
-18% VAT (Value Added Tax)
The Tax Authorities (for all Companies and their individual employees) are also required to provide a completed form "2-NDFL, Tax Declaration" for all business transactions AND is a fundamental requirement for ANY BANK doing business in Uzbekistan to make ANY payment!
So I asked if a 2-NDFL form was provided for Toshkent Overseas. He looked in the database and found NONE! Then I asked if a 2-NDFL form was filed for Patriot Energy" and the SAME ANSWER-NONE! Now that his interests were peaked, he asked if I had proof of a sale. Yes was my answer and I faxed him a copy of the PO that was posted and called him back.
He explained that there are SEVERAL issues with this, first, the PO HAD TO BE IN 2 LANGUAGES, with a statement of which language had legal precedent! Second, the PO would have to reference a CONTRACT NUMBER, BANK ACCOUNT NUMBER FOR PAYMENT and WITH A CERTIFIED STAMP BY THE BANK accepting the responsibility for PAYMENT, as well as the RECEIVING BANK's SWIFT/IBAN NUMBER and ACCOUNT NUMBER, then finally addressing WHO/HOW THE TAX IS ADDRESSED!
To be quite blunt, I knew this because I oversee the CSR and Socio-Economic Development for my company in Kazakhstan and Russia. In many cases, the laws are mirrored with minor differences in the CIS (former Soviet Union).
So here's what will happen now. The Uzbekistan Tax Police are going to dig into this and see about this Toshkent Overseas Sale with Patriot Energy. He has the website and this web address on how to find details on this PO. WIth his copy of the PO, he will be checking into the address and the person that signed the PO and will be demanding the tax payments that go along with it.
This only confirms what I suspected from the beginning, this whole deal is a SCAM and I've provided the numbers for you to call and check it out for yourself! You will need to say:
"Nada Pangliski Pidivochik Bezhousta" (Need and English Translator Please) for them to get an English Speaking person on the phone. Then ask for Dimitri and he's a good guy and will be glad to field you questions. I speak Russian fairly well, so I dont need one. They speak Uzbekistan and quite a bit of Russian, but they will understand what you need and I told Dima (Dimitri) there may be more calls to him.
This is such a mess folks. I hate to send bad news like this, but find it necessary to keep you all informed.
Good Luck.
PS, I will be traveling through Dubai on the 3rd and will have a 5 hour layover and WILL BE LOOKING INTO THE DUBAI COMPANY! Let you know what I find out from my Real Estate Friend who's meeting me at the airport.
yeah and if you try and use that ticket, goofy will meet you at the airport.
yeah, this is typical, attack the messenger and not the issues. zambia, when you gonna address the issues and stop hammering people.
"Hard on Issues and Soft on People!"
i quite agree. nothing verifiable. fire that doesn't burn...
wait and see how the major SH votes on the proposed buyout. good excuse to cover it up.
this company's about as transparent as a lead wall...even superman cant see through it.
when i want your opinion about where and what i post, i'll ring ya right up.....NOT! first of all, i made money. second, i was all for this stock and then found out the real deal...last, you put your claws into me and not the issues....when will YOU or anyone else address them. You say "saying them over and over dont make them true" then tell me which one I've EVER posted was NOT TRUE? You wanna controvert my claim, do it with FACTS and not with your emotional outburst.
I think this is another shell game. Company buys its own stock with another shell company....puts information on the street about a hostile takeover.....leads all the way through the tangled web already created....toshkent, marmara....even looking back at all the rest of the pr's...florida, pennsylvania....
Even when I contacted the Pennsylvania group, in the back of my mind, I knew something wasn't right, so I sent another email to them and asked for them to clarify "who" was on one of their boards.
THey told me a different name...pi$$ed me off!
Just an fyi, I am being considered for a high level position for the new pipeline for Gazprom & ENI, which will run through Turkey. I will be in touch with their authorities within the next week. I will ask them point blank.
Last part. Less than 2 hours ago, I've been in touch with my Security Chief (again) about this. He tells me, "there are no GOSTS or SNiPs requested for in Russia for anything relative to an "Oxygenator" or anything from Patriot Energy, Toshkent or Marmara." Ergo, no way this product can be distributed or installed in a vehicle, because it'll NEVER get beyond customs without the GOST or SNiP Certification. He also tells me "this is the same for Uzbekistan" as their regs are inherently the same.
So, this is BS and I'm glad I sold out. Buyout...huh! No way!
yeah, I wont get much sleep over the PR we're waiting for...
Yawn. Hello all, I'm back for my twice per month check in. I see no news lately. Some reorg going to happen....wonder who's getting cut. Probably the Geologists huh...lol. Trim the payroll huh...lol.
I see that we have a new PR group. Any news from them on the previous posts? THis company gonna deliver on SOMETHING?
I see we have another PR due out.......Yawn, Stretch and YAWWWWWWWWWWWWN again. Ok, just wanted to see if we were gonna get our divs, see if the company had its web up (yet), see if the "buy-back" was going to happen......and I see...NOTHING, NADA, NECHIWAS NYETO, NIX...in several languages.
I also see on the market depth....loads of people selling, no bids....still....amazing!
GLTA
Completely agree! The drive behind this doesn't have to be earth shattering, but I expect the PR's over the next 6 months to a year to really spell to be major impacts to the stock...
Ok,can you send me the link again? The other link took me to a yahoo site with the PR.
Thanks in advance,
Phil
Amen.....I mean AMNE to THAT!
Wait until Arnold gets ahold of this in California...Wait until Palin gets this in Alaska...the Feds will eat this up..see the Gov't contracts igniting on this...non-toxic insulations...infinate r....this has sooooo many levels...
I really dont see this stock staying on the OTC for much longer...your thoughts?
So what are you trying to say LOLOL. Just spell it out...it'll make you feel better! LOL
How much insulation is used per house? COnsidering in just these 3 counties, we're looking at 2.4M homes. Even if half are built or upgraded, this could be very lucrative.
Glad to own this stock! Buying more this morning....see how this fares on June 1st. Looking good so far. Cant wait to see the financials on this company after 3Q.
Cheers
Quite frankly, no matter what the numbers are, AMNE knows how this will pan out...they've put a cap on it and know what their limits are.
So I'm comfortable with knowing its being managed. THere's no way AMNE will allow this to get out of their control.
GLTA
Well, I'm bought in a 3.25M shares and waiting. WIsh I was like PEACH, who has 35M....who'd be in a good position in about 3 1/2 weeks. But, I'm ok and still going looooong on this one. Wish I had more cash to invest in the is one...I'd be livin' right. CHeers and GLTA!
Gone Fishin'!
Oh no...no more buying of this lame stock for me. I'm out! I made my money and am sitting on the sidelines. No way I go back in, just currious.
Quite personally, I dont think this will happen. Too many answers this company needs to provide....with the truth and the facts.
I sent an email to Mark Newbauer, their media relations guy, as posted below. If he responds in time, I'll post for all to call in. Hope to see (or hear) you there.
Cheers & GLTA
Mark,
Many of the SH's are wondering why the telephone number and the time of the CC today isn't posted????? Can you please send and post the time and call in number (as well as the code) for the SH's?
Thanks in advance,
Phil Schaefer
Shareholder
Agreed. Just wanted some clarification on the stocks issue. Wondering how the stock will do today. Would love to attend this meeting today.
Anyone filing criminal action yet?
THanks and if someone has the number (rather than joining another site) please send it...thanks
I saw a question asked (by a single mom) last week about the buyout stuff. If the buyout is still on, so the people who sold out are out??? of the vote (which I undersand), but not out of the buyout itself, because all the shares have to be bought.
One other clarification, especially for today's meeting, is the price. Is it .57 US or CAD?
Like I said, and as far as I'm concerened, no way this Marmara has the money to buy out a company for $200+M US or CAD.
I hope everyone does well, it will be interesting to see how this shakes out.
I think so to. I think this will recover once the F/S is dodne. We'll see come June 2
When infinate r gets public recognition the county sales will go crazy, along with the sales that go with it. Cant wait to see this.
GLTY