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They are supposed to have started drilling on the first well back in September. No word on the status of that well. Have they started others? Have they been delayed? Santa is going to bring Rainbolt a lump of coal if we don't get any word. I'm gonna call them up and see if there is ANYTHING I can glean.
That's the problem. We have had NO WORD of any kind on the debt, if the first well has produced anything. For this to be a "new" company, Chris should be a little more proactive in providing some kind of news. A whole quarter has gone by and we haven't heard jack.
I'm personally giving them the benefit of the doubt. My patience only goes so far. What really is my main problem is this. I "vouched" for Rainbolt on this board after doing some DD of my own on him. Now, with no news of anykind since Aug, I'm extremely disappointed in where we are.
I've called Corestream up and left a few messages since August and rainbolt has never returned any calls. I live and work close enough to corestream that I may pay them a visit to find out anything. If they will actually talk to me.
GET THE CRASH CART IN HERE! CLEAR!!!!!
We've been expecting since Sept.
Buy something Lumb owns... No thank you.
Okay. So, I've been out of the loop for 4 months with FFGO/NMGL. Has there baen any concrete, Lumb proof, legally binding documentation that NMGL will be the "dividend" from the FFGO deal? If so, will we be able to sell it before it gets down to the current FFGO pps?
(sarcasm ahead) I wonder when I'll get my shares for NMGL that were converted over from the FFGO trade? (SCAM, SHAM, FRAUDULANT DEAL, CON JOB, RINSE AND REPEAT OF PREVIOUS LUMB SCHEMES, ETC)
I can't wait to be able to sell my shares that Lumb and stooges gave me for the FFGO deal. I'll be able to sell them for $4.50/pps! I'll be rich! I'll be able to retire. I'll be half as rich as Lumb! I'm so glad I got into this bonafide 35:1 profit deal! (okay the number isn't exact, it's a sarcasm, deal with it)
Now I'm going to go buy that ocean front property in N. Dakota with my profits!
As I said waaayyy back in May/June, we've all been Humphried (humped). I tired to pay them a visit at the address listed in the box above, they had moved out the week before. I personally think that daddy passed the felonious torch to junior. For "safe" keeping.
Nearly all attempts I've made in the past have proven fruitless in talking to anyone. You can go back through my previous posts to see what has been done. I think this is a POS of a rotting POS that should have been made to disappear from all the boards and trading halted so no others get taken in and left holding the bag.
Sounds good. As I stated earlier, I'm holding and hoping for the best.
Not to be rude, but, I was saying the EXACT same thing 5 months ago. Now, I'm just holding and hoping for the best.
If the jerks that be can screw us little guys over and they make a profit, they're going to do it.
So much for that battle cry.
I see no positive indicators. Until Rainbolt delivers some results, this thing is going to flounder.
LTNS iblong2. I am calling this just words and propaganda. I want results. I'm not bashing anyone or saying anything negative. I just have lost faith in rainbolt due to lack of any news besides this lawsuit. 90 days and there is no word of any progress.
Chesapeake Bay Energy literally started construction and is drilling a natural gas well lass than a 1 1/2 miles from my house and less than 5 miles from corestreams corporate headquarters. They have done this in less than 60 days. I get news of this quicker than anything. Doubt me? Call up Cheseapke Bay Energy and ask them. Contact the cities of Grapevine and Euless, TX and ask them. NEVER DOUBT ME ON THIS!
Euless
Planning and Development
201 N. Ector Dr.
Euless, Texas 76039
817-685-1623
This is pretty much a slap in the face to all us investors.
I've been away from the boards and nothing really is new except this lawsuit. I'm HIGHLY disappointed in corestream and chris rainbolt. regardless of what's going on, this is the only news out of the last 90 days (give or take a few for the anal retentive). AN update as to the status of the first well would have been out of common courtesy for us shareholders.
Until things change, I don't have any faith in corestream. I'll hold onto my shares, for the time being. More or less, for the fact that I don't plan on selling at a loss.
They are by default. Typical.
Here's your email:
CoreStream shareholders and investors,
Today news of the filing of a law suit by Zealous Asset Management against Patient Safety Technologies (PSTX) was released. ZAM is one of the entities of Zealous which was placed in the Escrow Account when the company was changed to CoreStream Energy and the business plan was shifted to complete new management and dedicated to oil and gas /energy sector. As the Escrow Account continues to settle situations and divest of those entities this suit was just one of the lingering activities deemed appropriate. The company feels very confident about this suit and if successful it's expected to yield unexpected significant benefits to the new company CoreStream and its business ventures.
I have noted that speculation is all over the place on chat broads as to the effect of this suit on CoreStream going forward. I'm told that management only sees positive results coming from it with no new downside in a worst case scenario. I personally view it as a very positive step.
CoreStream shareholders and investors,
Today news of the filing of a law suit by Zealous Asset Management against Patient Safety Technologies (PSTX) was released. ZAM is one of the entities of Zealous which was placed in the Escrow Account when the company was changed to CoreStream Energy and the business plan was shifted to complete new management and dedicated to oil and gas /energy sector. As the Escrow Account continues to settle situations and divest of those entities this suit was just one of the lingering activities deemed appropriate. The company feels very confident about this suit and if successful it's expected to yield unexpected significant benefits to the new company CoreStream and its business ventures.
I have noted that speculation is all over the place on chat broads as to the effect of this suit on CoreStream going forward. I'm told that management only sees positive results coming from it with no new downside in a worst case scenario. I personally view it as a very positive step.
. It is my bad and hard to unring bells but I'm going to try to with this feeble effort!
I would ask you to do three things for me - use this as the email about todays' law suit, 2) delete the original, and 3) please don't post the wrong number/personal number anywhere.
CoreStream Energy shareholders and interested investors,
Today news of the filing of a law suit by Zealous Asset Management (ZAM) against Patient Safety Technologies (PSTX) was released. I have included a link to the release and the text at the bottom of this message for your convenience.
ZAM is one of the entities of Zealous which was placed in the Escrow Account when the company was changed to CoreStream Energy and the business plan was shifted to complete new management and dedicated to oil and gas /energy sector. As the Escrow Account continues to settle situations and divest of those entities this suit was just one of the lingering activities deemed appropriate. The company feels very confident about this suit and if successful it's expected to yield unexpected significant benefits to the new company CoreStream and its business ventures.
I have noted today from calls received and my readings that speculation is all over the place on chat broads as to the effect of this suit on CoreStream going forward. I'm told that management only sees positive results coming from it with no new downside in a worst case scenario. It is a significant event so a PR was warranted but should suggest no changes to the plans previously announced. I personally view it as a very positive step. A successful suit could bring additional downstream dollars to CoreStream to hasten new development projects - and that's always good if and when.
As a reminder, Chris Rainbolt, CoreStream CEO, can be reached directly at 214-624-5200.
As always, let me know if you do not wish to receive such communiques in the future and I will delete you from the investor list.
Regards,
Gary
Gary Patterson
714-369-2933
***************************************
http://finance.yahoo.com/news/Zealous-Asset-Management-LLC-iw-617924739.html?x=0&.v=1
****************************************
Press Release Source: Zealous Partners On Tuesday November 16, 2010, 6:00 am EST
FOUNTAIN VALLEY, CA--(Marketwire - 11/16/10) - Zealous Asset Management, LLC, Managing General Partner for hedge funds Zealous Partners, LLC (ZP) and Ault Glazer Capital Partners, LLC (AGCP) (collectively "The Funds") filed a lawsuit in Orange County Superior Court today, Case Number 30-2010-00424948, and have retained Arash Shirdel, Esq., Managing Partner of the Pacific Premier Law Group in Newport Beach, California. Mr. Shirdel will pursue their claims against Patient Safety Technologies, Inc. (OTC.BB:PSTX - News) for breach of contract, breach of good faith and fair dealing, common counts-monies lent, intentional misrepresentation, fraud and tortuous interference, Dr. Louis Glazer, Board Member former Chief Executive Officer of PSTX.OB, major shareholder and Co-Founder of PSTX.OB, for fraud and tortuous interference, and Ms. Melanie Glazer, both major shareholder and Co-Founder of PSTX.OB for tortuous interference. Also named in the lawsuit is Stephen Bodnar a former partner in Ault Glazer Bodnar Acquisition Fund, LLC.
The suit alleges irreparable harm suffered by The Funds, Zealous Asset Management, LLC ("ZAM"), managing General Partner of The Funds and Zealous Holdings, Inc. ("ZHI"), parent of ZAM, as a result of the tortuous interference and misrepresentations made by the Glazers and management of PSTX.OB, about the financial strength of PSTX.OB and PSTX.OB's ability to service debts to The Funds. The lawsuit also alleges that due to the Glazer's controlling positions in the management of the AGCP and ZP, and as major shareholders in PSTX.OB, the Glazers were in unique positions to influence the decision making and actions of all of the companies and funds involved, often to the detriment of ZP, AGCP, ZAM and ZHI.
From 2005 to 2006, ZHI, through its wholly owned subsidiary AGCP, made loans totaling $2.4 million to PSTX.OB. ("The Loans") on which PSTX.OB defaulted. On or about March 2007, as a result of PSTX.OB'S default on The Loans, PSTX.OB approached AGCP in order to remove The Loans from default status. On or about June 2007 PSTX.OB and AGCP agreed to enter into a new agreement and remove The Loans from default status ("Convertible Note"). Shortly after entering into the Convertible Note, on or about March 2008, PSTX.OB again defaulted, this time on the Convertible Note.
In early 2008, prior to the collapse of world financial markets, Zealous Trading Group, Inc (ZLUS), the publicly traded parent of ZHI, with the full and enthusiastic support of the Glazers as ZLUS board members with control interest, made an internal decision to move into the Adult Entertainment Industry. To reflect the Company's change in direction, ZLUS changed its name to Adult Entertainment Capital, Inc. In response to and as a result of published articles, members of PSTX.OB's board and management became apprehensive of the company's affiliation with the Adult Entertainment Industry and threatened legal action if PSTX.OB's name was mentioned in association with Adult Entertainment Capital, Inc. and the Adult Entertainment Industry in general.
In order to appease PSTX.OB's board, the Glazers, as members of both the board of directors of PSTX.OB and ZLUS, urged AGCP to modify and further discount the outstanding Convertible Note (Modified Agreement). As a result of the Glazers' intimate knowledge of AGCP and with knowledge that a default by PSTX.OB on the Modified Agreement would lead to AGCP's collapse, PSTX.OB, with the approval of the Glazers, intentionally defaulted on the Modified Agreement to AGCP. PSTX.OB's intentional default on the Modified Agreement interfered with AGCP's ability to satisfy its own debts and resulted in the eventual bankruptcy of ZHI. Additionally, PSTX.OB has defaulted on preferred stock interest payments owed to ZP. After two years of unsuccessful settlement attempts and the bankruptcy of ZHI Zealous Asset Management, LLC, Ault Glazer Capital Partners LLC and Zealous Partners, Inc. have reluctantly decided to pursue legal recourse against Patient Safety Technologies, Inc., the Glazers and Mr. Bodnar.
About Zealous Partners, LLC, Ault Glazer Capital Partners, LLC and Zealous Holdings, Inc.
Zealous Partners, LLC, and Ault Glazer Capital Partners, LLC are independent Delaware Corporations and investment funds managed on behalf of Zealous Asset Management, Inc. and its parent company Zealous Holdings, Inc. whose parent is CoreStream Energy, Inc. f/k/a Zealous, Inc. Zealous Holdings, Inc. is a Nevada Corporation and a financial holding company and parent of Zealous Asset Management, LLC, a defunct company, and a wholly-owned subsidiary of CoreStream Energy, Inc. f/k/a Zealous, Inc. Zealous Holdings, Inc. is currently involved with bankruptcy proceedings.
This slag heap of a POS is actually moving? Man, am I gonna be glad when some sucke...someone buys my shares from me.
I LIVE! Much to some posters' amazement. I've been doing that silent running thing. Nothing has changed from what I've seen. I'm actually surprised that they haven't given an update as to the status of the first well.
I'm neutral on my opinion of corestream. IMO, they've had ample time to post some news on how things are going. Is silence a good or bad thing? That is a rhetorical question unless it can be answered by FACT, not opinion or inuendo.
Okay, now let the bashers have their fun. With or without their games, corestream will sink or swim on how WELL the WELL will do. Pun intended.
This is old news you posted. You are right that we should be hearing something very soon about how the first well is doing. I'm going to keep the bashers crossed in hopes that we get good news sooner rather than later.
I wonder how many feet they can drill per day. Anyone got an idea?
I've been away for a few weeks from this board. I've also been interviewing around the DFW metroplex for various companies and came to an interesting conclusion. It MAY be a good sign of Corestream's potential and definitely for the industry as a whole. I've had 4 small oil and gas exploration companies wanting to interview me for an IT position. They ALL have had explosive growth and are hiring like crazy. My specific job field is predicated upon there being a large computer user environment. 2 of the companies started business less than 4 years ago. One with over 300 users. Exxon has even started to post positions for IT.
Check the job boards to verify my "claims". If you dig and know what to look for, you'll know I'm not throwing out a bunch of hype.
Going by what I've found, "if" and once Corestream starts to tap into wells and pumping out petroleum, they are going to start growing big time. Translation - profits and pps going sky high!
I personally feel that it will go up. But!!!! There is always the risk that it won't go to pennyland. Time will tell. Corestream definitely isn't a short term play, long term, "high risk". As it is with any new company.
Oh, I take a break from the board for a few weeks and see the same people here who won't give CoreStream a chance to be divested of the Ault "legacy".
It will. I've got faith in Corestream. Unlike any of my other stocks. As the old addage goes, "If I would've known then what I know now..."
We know SOMEBODY is being an A-hole when tanked the pps. No excuses except greed. IMO.
It's about time this slag of a pps went back up. Now, let's keep doubling it each day for the next couple weeks and stay there.
It's supposed to be posted shortly.
We need news to get this baby running. Divestment a done deal, The first well is producing oil/natural gas, the O/S is down, the company is fully reporting, how much the debt is reduced after the divesting, or other scenarios.
It appears that we'll be trading sideways until something happens. They mentioned in the CC yesterday that they will be releasing the new website address in the next few daze (days).
Buzz turn into selling this POS of a POS shell. The humphries definitely "HUMPHRIED" us all.
The audio from the conference call should be up shortly as it was on the last conference call.
I wished I could've gotten some questions in for the conference. They'll eventually get answered. The conference call did prove that Ault is not involved with Corestream, except for helping with the divestment of the "health and wellness" assets. Muck, that CC knocked the wind out of your sails in regards to the attacks on Corestream. =)
I'm working on it. They have to violate the TOS for a ban to go into effect. Let them continue a little longer.
Once the FFGO shareholders are able to sell their stock in NMGL, the PPS is going WAY down. Just my prediction. 230+ shares? LMAO!!!
I just went over the 10K of the suits against Ault. I stand by my opinion about him. Good-bye. Good riddance after we complete the divestment. I can almost hear the toilet flushing about the old ASSets.
What else would you expect? They won't stop until they have been trounced royally by fact and the truth. Even then, they'll still try sniping from the sidelines.
Rhetorically speaking, I don't get people as you were responding to. What is their agenda? Scare the emo-traders? Pick up cheaper shares? Personal vendetta against whomever is/was in the company they are attacking? Just causing general chaos because that is what gives them their cheap thrills?
Regardless of what they are trying to do. I think Corestream has plenty of potential. With an oil and gas exploration company, they can make TONS of money.
Here's another oil and gas company that I found out about Monday. They are located in the DFW metroplex, same as Corestream. They are about to tap into their first well of the country of Ghana. By year's end, their staff at their corp. headquarters is going to double. BY THE END OF THE YEAR!!! How often do you hear that? Not too often. They are running things right and found some vast oil fields to drill. NO THIS IS NOT CORESTREAM I'M TALKING ABOUT! It is strictly a comparison of what COULD happen to Corestream. Besides, it's a private company.
As I was trying to say yesterday, "IF" Corestream were to be ran like the way Ault did the old ZLUS, the players in the oil industry won't do business with them. If you get a bad rap, you're going to be marginalized. I've seen it happen.
Oh, and to the person that said they can't find out much about Chris Rainbolt. have you tried google?
=http://www.google.com/search?q=chris+rainbolt+oil+and+gas&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
You're replying NOW after four months? LOL!
That's what you've been saying each and every month that I've been on this board. NO results.
Chris was introduced at the last CC. It would be nice if the Corestream management were present to answer questions. I think today's CC is more for giving a status on the divestment of the old assets and to help silence critics like muck.
From what I understand, he's helping with getting rid of the old assets and going with Angel. Corestream's success will be based on how much oil their wells produce. The more oil and natural gas they sell and the lower the operating costs are, the better the profits.
I interpreted the information as this CC is only about getting rid of the old assets and the such.
I'm with you on how you feel about Ault. "If" the lawsuits are with merit and he's found liable, he should pay for it BIG TIME. What I think you're missing is the fact that we're trying to tell you to give CORESTREAM a chance. Ault isn't in any capacity to run or ruin Corestream. He's being left in the ashes of what WAS ZLUS.
As I've said before. I have PERSONALLY never met an Ault I liked. (A family from Indiana). I don't trust someone with that last name. I'm sure there are a lot of people with the last name Ault are perfectly good people. Just not the ones I've had any type of dealings with, rather personal or financial.