Retired
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.
preamp:
Absolutely not. They're out a helluva lot more than am I. No, I think they fell under the spell of the LB BS line -- over and over and over again. That is one of the very reasons I refused to call and speak with the chump -- I might end up believing him -- and then end up feeling like an ass. Actually, though, what's the difference? I haven't dumped any of my shares, haven't spoken with Balak and STILL feel like an ass.
I really do think that Balak's day of reckoning at the hands of the SEC isn;t too far off.
mlf: The 50k block was probably our latest PR firm cashing in their "payment" prior to their earth-shattering news release. Let's see, 50k @ about 6 cents -- $3 grand @ 2 for me and 1 for you -- sounds about right, eh?
I would love to know what "The Great Balakini" had to say to therooster and logman to convince them to make a 180. If there's one thing this charlatan is capable of doing, it's convincing people that something's happening. Most here have built up an immunity to that sh!t though. Wish I had built it up several dollars per share ago
I thought of a new use for the surreal battery -- space travel. Could even produce a TV show on the premise -- call it "Powertec Balaktica". Balak could play Hans Solo, or is it Napoleon Solo (I get my shows mixed up) and Wolf could play, who else, Wolf Vader. Only this time, Vader wins!
I just get so damned upset with this layabout outfit that I could bloody throw-up sometimes.
peep:
If you are -- in any way, shape or form whatsoever -- a man (or person) of your word, please, please let the very last sentence of your last post be factual.
Well said, peep. I was thinking exactly along those lines myself.
It wasn't meant to be an answer. Why the question was posed to me to begin with is a mystery to me. Further, there will be no answers until such time as the illustrious balak bandwagon has its ass spanked out of town. You don't seem to grasp that the status of EVERYTHING is a total question mark at this time. All I know for some degree of certainty is that the only group that has assisted us financially (Catella) in the form of footing the bill for the testing over there is ready willing and able to pony up some dough for some plates. Their offer is apparently being shunned by you-know-who. Balak passifying (sic) AS is not going to happen. As far as 31,000,000 shares being a small number -- not at 0.08 cents it ain't.
peep:
Unlike a lot of folks, AS recognizes a lying punk when he sees one (hears one). If YOU were the inventor of such a product, how would you take today's state of affairs? I would love to know how anyone with as much class as AS ever got hooked up with balak to begin with. I doubt seriously if the rift between them will ever heal. The question is -- will that rift damage what little there is left of this company?
Dateline Vancouver:
And what a week this has been for President, CEO, CFO, COO, Director and all around businessman extraordinaire, Lee Balak.
First was the purge of ex-President Wolf Meyerfeld from the high throne of Powertec President. Next was a whirlwind shopping spree for attire appropriate for the sudden inauguration. A new pair of stone washed, relaxed fit Wranglers were chosen along with a new leather trench coat. The end result was a stunning look that crossed between Steven Seagal and Wyatt Earp. To finish the "I'm not really a pussy" look, Lee's long, flowing, somewhat feminine-looking locks were bunched into a tight ponytail.
All was now ready for the sometimes emotional swearing-in ceremony, which was attended by dignitaries from throughout Vancouver. This took place, appropriately, on the US's Presidents Day. There wasn't a dry eye in the house as Lee placed his hand on the Bible and spoke the words; "I, state your name, promise to uphold the position of President of Powertec - etc. etc., so help me God."
One final item was on the shopping list for our President-elect, a new car. After all, no self-respecting President of a company that can't find its ass with both hands would be caught dead without a flashy new ride. At press time, the choice had been narrowed down to the Ferrari, Maserati or Porsche. We will interrupt your program with a news flash once the final choice has been made.
Next was a trip to the company vault where Lee took quick inventory of the number of shares still in the treasury. He wanted to be certain that no hanky-panky had taken place in his three-month absence. The next order of business was the selection of a new PR firm for the timely execution of the many, many News Bulletins to be coming out of Powertec. The firm chosen must include an expert in the art of deciphering just exactly what Lee's sometimes mystically spelled and grammatically challenging notes are actually stating. "There will be no more ‘fuzz' in our bulletins." stated Balak recently.
THIS JUST IN:
According to a source who has asked to be kept anonymous, Balak has left Vancouver and is traveling, in disguise, to Las Vegas, Nevada for a meeting with ex-Director and inventor of many products now in use, Alvin Snaper. Secrecy is necessary as there is apparently a warrant out for Balak's arrest in Nevada. It is reported that Balak is going to attempt to "make nice" with Snaper in an attempt to have the warrant lifted.
Film at 11
dfh: Reading these articles having to do with electric cars is stimulating and depressing at the same time. Stimulating in that we COULD be in the right place at the right time and depressing that we've got Captain Kangaroo spearheading our company for us.
Put this in the FWIW department: Remember Bill McNerney? Remember how he dumped all those shares to pay for treatments as he was in ill health? From what I've been led to understand, the only thing he was sick of was Balak. He bailed out and sold his shares as a result of his dislike for good ol' LB.
Five more years! Five more years!
I would suspect that we should be seeing something in the line of a fuzzy PR any time now -- fresh from the Vermont Teddy Bear factory (for extra fuzz). Balak has to get the stock up a little in order to dump some and pay some bills -- not to mention score a little walk-around money. Been a bleak couple of months for the little guy.
therooster: Sorry, old timer, but comparing the negativity here to the RB board is lame. Further, inferring that this negativity is driving away investors needs a crutch as well. There ARE NO new investors! As far as RB is concerned, remember when the OBC list was as long as your arm? What drove those legitimate investors away? Couldn't have been inaction, could it? Couldn't have been total lack of results week after week, month after month, year after year, could it? Couldn't have been Director2's vague, cryptographic posts that something was imminent YEARS AGO, and never happened -- couldn't have been that, could it?
IMO, we had a chance for the brass ring with Balak out of there. Now, all we've got is the bull's derriere. Well, apparently he's got your mind poisoned just like you say Snaper did. So, when nothing happens -- not if, WHEN nothing happens -- you'll know he did it to you again. Hope I'm wrong but doubt that I am. We shall see.
Stay healthy, old timer.
mrafi: Curious, say what? He refers you to Snaper or Bill McNerney? I thought that was a PWTC property. Thoughts, anyone?
El Birdo! Long time, no hear. You have email, dude.
hotdogs: Thanks for that. I vaguely remembered the Mikro with a "K" but thought it sounded a bit communist, so I kept with the "C" lol. At any rate, I went thru the entire article and saw nothing in it that indicated where the dough went that everyone "donated" -- what a surprise, huh? Just chalk it up to PWTCP (Powertec Phenomenon).
MicroDry. Remember the third shell in this 3 card monte game? I wonder what ever became of all that money that was "shelled" out a couple of years ago to get this project going. Gas for the Ferrari? Could be. Don't forget, that was back with the OLD LB. We now have the New and Improved LB -- ready to leap tall buildings in a single bound -- faster than a speeding bullet -- more powerful than a locomotive. It's Super-B, disguised as a mild-mannered Steven Segal wannabe, fighting for truth, justice and the Canadian way.
Oh, I digress. Anybody hear what happened with the certificates for the MicroDry project?
mlf: roflmao! How about "Joe Cash Cow" instead of Joe Millionaire? or maybe "The Price is a Fright" or how about "Wheel of Mis-fortune"? Geez, this could be some great material and funny as hell if only there was any humor in the situation.
Best regards,
hock: "Yeah right. It's too friggin easy to make those unrecorded side deals w "consultants" and other ilk, and have benefits stream back to the source. Pulleeeeze!"
I've been dancing around that possibility without coming out and saying it. But, I've damned well been THINKING it! How many pukey little outfits were there that came out with one paragraph, self serving NOTHINGS and then merrily cashed in their 250,000 shares? Too many over the years.
Balak must really think he has something going for him by forcing the board's hand on the issue -- knowing full well that the majority of shareholders who know or think they know something are less than amorous of him and his crap. He must also know that Wolf is going to push the SEC thing reallll hard if he smells improprieties.
Show and tell time, Balak. It had better be good, in writing, result in immediate revenues and solid partnerships and totally on the up-and-up.
logman: So tell me -- when the days without tangible results turn into weeks and the weeks into months -- etc etc. etc. -- will that be considered a "breach of faith"? You campaigned long and hard for the removal of this pretender and have now flip-flopped. In almost 6 years, he's taken the company from just north of $5 to just north of $.05. The only one who can possibly say they're further ahead today than when the company was formed is HIM -- and perhaps some of those PR firms that were paid handsomely for NOTHING.
My "breach of faith" was an accident which you would have discovered if you'd read my email. I won't apologize again!This turkey's "breach of faith" will be all part of his master plan to get thru life living high on the hog without having produced a damned thing. Try that in your business -- see where it gets you.
You might be the first to welcome the putz back, and rooster the second, but it'll take some solid performance to get my vote of confidence. I daresay that goes for a lot of others here as well.
NXcell Schmexcell -- show me the money! Not a lot to ask after all this time, huh?
dfh:
Don, Balak back in again? A very bleak day indeed.
5 more years! 5 more years! Haven't felt this low since Clinton was re-elected.
Okay, Balak. How many shares is THIS going to cost the treasury?
Actually, I'm a BIG fan of John Wayne. Wish he could have been to the big get-together today to officiate.
Gulfbreeze -- ROFLMAO -- eom
mlf:
I'm not so sure that Balak's shares are easily liquid. If that's the case, he can go home, but not take his ball and bat, especially if Snaper's using his leverage to keep that from happening.
I don't think Wolf is a quitter and cannot be bought off. He has a substantial stake in the company in the form of market shares purchased several years ago. Nope, the whole parcel of them are going to have to grow the hell up and do what's right. Failing that, it's class action lawsuit time, IMO.
Tex: It was a lease -- known to some as the "pimpmobile".
hotdogs: Oh you're right that the man has made some whopper mistakes, all right. His temperament probably endears him to not a lot of folks sometimes. He has, however, run companies of much larger magnitude than this little pretender and I doubt that he wishes to stay on as prez for very long -- just long enough to get the thing going and bring a real player into the picture. Like it or not, there was a time that Balak and his methods were necessary. At this particular point in time, WM is probably the man for the interim period. It's a shame that "Forever in Bluejeans" can't recognize that and just get the hell out!
PS Your boy got back just in time for a real nice snow storm. Phooey!
Peace, my friend.
Peep: That was an excellent post! You managed to get the whole scene wrapped up into one very accurate paragraph. I really, honestly wish all your posts were so succinct. ;)
Well, Big_Tex, if the battery ain't real, you've hung that Stetson on the wrong steer. Further, even visionaries have to eat and right now, we don't have enough money for bird seed. If you can find that "battery man" that'll work for nothing, I'll bet even Balakini would step aside for his presence.
Some responses to some of the posts from yesterday:
Oris: You certainly are in the cat-bird seat. If you recall, however, my opinion of Balak has been lower than whale crap for many years now. Unfortunately, I am, make that WAS, in love with the stock and the technology -- both of which are now covered with patina where once a brilliant shine caught everyone's attention.
POB: Getting up the scratch for a lawyer might just be a whole lot more expensive than anyone thinks. Maybe a Private Detective would be more in order. I'll just BET there'd be some filth dredged up that begs to be shone the light of day. Jim Rockford, anyone?
Hotdogs: Yes, what I passed on certainly DID sound like Hasher. Hell, it came from him. Do I believe him? Yes, as a matter of fact, I do. Do I think that Wolf is doing a good job? School's still out on that one. I do know that he put in a helluva lot of effort on our (and his) behalf as a simple shareholder. His taking you to task for your digging a year or so back stung you then as it does now, I can understand that. If this ship was to actually lift-off the launching pad someday with him at the controls and make it all the way to -- say -- $5, you'd STILL be critical, Ray Charles could see that. As for his 3 month tenure as president, so far, no good. That one month hiatus that he took could end up being his downfall. The fox was in an unguarded henhouse all that time. I can't conceive of taking the reins of a troubled company then shagging-ass for a month. Bad timing, Wolf! BUT, he's been in the position for 3 months -- Balak was in there for close to 5 years -- which leads me to my next response;
logman & therooster: For five years, Balak has been blowing smoke up our asses. I would like either of you, or anyone else for that matter, to cite a single closed deal as a result of his efforts. When the plumes of smoke dissipate from around those dealings, there's nothing there. "The Great Balakini" might be more apropos for our illustrious ex-prez. Rooster, you're taking Balak's word over Alvin Snaper's?? Apparently the smoke is still being puffed. BCRI is the latest recipient of Balakini's magic act. I'll be much more impressed when that Montana get-together regarding the Joiner project happens and is witnessed by logman. I respect the fact that you guys are loyal to the man, but the proof is in the pudding. Snaper is an accomplished inventor with many solid, tangible products produced today as a result of his efforts. Balak is, IMO, an accomplished liar with an equal number of proveable lies to his credit. I see no reason to doubt the former.
Mr. Balak, IMO, has had his wings clipped and is feeling high-life withdrawal. When I posted some time back that he had been tooling around in a $150k Ferrari, I was wrong. the damned car was a $350k Ferrari -- all paid for by the company treasury. No, Balak hasn't sold a single share -- at least none that are in his name. Why would he have to? All of his expenses were being paid for by the company. Well, the lifestyle has been down-graded and, IMO, he's gonna do whatever he can to get it back. We, unfortunately, are the losers in this endeavour.
Tex: A very fine solution to the problem -- hire a battery guy. What do you propose this dude be paid with? Unfortunately, however, that IS the solution.
Harry Kolo: No offense taken, don't blame anyone for wanting confirmation. Would seriously doubt, however, if Hasher posts on the matter. You can, however, give the lad a shout at -- 604-801-6689 -- and ask him yourself. Now, I recognize that there are two sides to each and every story. Always will be and always has been. Given the LB track record, and the fact that AS had that warrant sworn out -- verified by several people here -- the balance of the fiasco makes perfect sense. It would be by sincere hope that someone from BCRI monitors this little group of ours and checks into that situation. Maybe they'll get a different look at this quagmire and release the plates.
Gather 'round folks. I've got some gruesome details to relate -- and y'all ain't gonna like them.
We've all suspected for the past several months or longer that there was trouble in paradise between Balak and Wolf. After a lengthy conversation with Hasher, it is apparent that is, in fact, the case, and it is a whole lot worse than we could even begin to know.
For the present, the Swedish deal is not dead -- but certainly on "hold". It seems they need 100 plates over there either to get started or just for further testing (damn! there's that word again). Anyway, a price tag of $9500 was agreed and the Swedes were ready to pony up the dough for the plates -- which were to come out of BCRI. Well, it isn't happening. Why? Because Balak has instructed BCRI NOT to. Even though Wolf has the Europe thing signed, sealed and in his back pocket as HIS, Balak has apparently convinced BCRI that he (Balak) would be taking over Europe shortly. The power struggle is on -- but wait -- there's more;
Apparently Wolf has fired off a letter to the SEC which alerts them to the following:
1. Balak is impeding the progress of the company to the detriment of the shareholders. He has not come to grip with the fact that he is no longer president of this company and is thwarting Wolf's efforts at every turn.
2. There IS a warrant out for Balak's arrest in the state of Nevada for passing bad checks.
3. Evidently Snaper DID, in fact, resign from the company a year ago which was totally ignored by Balak.
4. To date, the necessary books that are the president's responsibility have not left Balak's hands as was supposed to take place when Wolf became president.
Another point, which I am unclear on is the "missing" $50,000. Someone, I'm not sure if it was Wolf or not, is looking into THAT little piece of skullduggery as well.
There is a "Director's Meeting" slated for 2/12. At that time, Balak is going to try to have Wolf ejected as president and himself re-assigned. It appears as if the Directors are split down the middle -- 2 for Balak (himself and a dude named Bryson Farrell (sp?) and 2 for Wolf (himself and Hugo Pomrehn). Until such time as someone is declared the clear winner, we, the shareholders are taking this thing smack in the face. Can you guys possibly imagine -- after all the freaking crap we've gone through over the years -- it comes down to a damned pissing contest.
Letters are received by the SEC probably every day from disgruntled shareholders. However, when the President/CEO sends them a letter, one would think that an investigation might and probably would ensue. It wouldn't surprise me in the least if the trading is halted until this thing is resolved.
I just know that -- for what it's worth, I sincerely hope Wolf comes out of this the winner -- can't see how it could come out any other way. Balak has gone from fabricator, liar and queerer of deals to a pathetic creature who tries to bung up the works if he can't play the way he's used to playing. Oh yeah, if the warrant is accurate, he's no better than a common thief too.
My gutts are in turmoil and by now I would guess some of yours are too. Better that we all know what's what, though. Sorry it was me who took the bull by the horns and passed it on. DAMN!
Re: Peep's answer to Mvn's query. I guess that answers that! Anyone got an aspirin?
OT OT OT
A stock broker, on his way home from work in NY City, came to a dead stop in traffic and thought to himself, "Wow, this traffic seems worse than usual. Nothing's even moving."
He notices a police officer walking back and forth between the lines of cars, so he rolls down his window and asks, "Officer what's the hold up?"
The officer replies, "Hillary Clinton is just so depressed about all of the New Yorkers making her the butt of so many jokes, she stopped her motorcade in the middle of the freeway and she's threatening to douse herself in gasoline and set herself on fire. She say's her husband is running around on her more than ever and the Democrats told her to forget about the presidency in 2004. So we're taking up a collection for her."
The broker asks, "Oh really? How much have you got so far?"
The officer replies, "About 4 1/2 gallons, but a lot of the folks are still siphoning."
Don,
We've got to ask ourselves what in the hell would we accomplish by getting a large enough voting block together to effect change? Where are we going to find someone to take on the responsibilities at hand with little or no pay? How would WE be in a position to get anything done at all? I'm afraid we're stuck with the present situation for the duration. It's easy to become more and more jaundiced as time goes on and I hope Wolf recognizes that, although his efforts behind the scenes are probably slowly but surely yielding the desired results, 4+ years of the Balak regime have left most of us with a real sour taste in our mouths. Further, it sounds to me like he's (Balak) still spinning yarns. What are we to believe these days? Please drop a dime, Wolf. Whether it be you or Hasher, the mushroom mine is on the verge of rebellion here.
mlf: I just hope that the term "battery" isn't long gone from the human vocabulary by the time it's actually produced.
Trainz
It seemed to be part of an "All too familiar, feed the starving with anything even remotely resembling positive possibilities and watch the thing go up (albeit briefly)." cycle.
Again, same sh!t, different year!
Trainz
Another shuttle disaster this AM. May God have mercy on their souls.
Trainz
Same shite, different year. eom
Trainz
Well, that was quite a ride. From over a half-mil to -0- (thus far today) in volume. I feel like I just got on the roller-coaster ride, buckled up and was told to get off the ride, that it was all over. I miss something? Other than my dough, that is? Back to the mushroom mine.
Trainz
peep22:
My personal belief is that anything LB is doing is predicated on his attempting to redeem himself. I think Wolf is in firm control and that LB's efforst, aside from trying to raise cash, are strictly mustang. Sure is getting interesting, though. Would be a helluva lot MORE interesting if the PPS was over a buck and heading north.
Ah, life in a mushroom mine -- dark to say the least.
Trainz
therooster:
No need to repent, old timer! I mean, you sink thousands and thousands of bucks into something and expect something, ANYTHING to come of it, particularly when the technology and promise is there. Instead you get, well, you know.
Nope, sitting around feeling all warm and fuzzy while my investment goes to shite isn't my cup of tea either. Not only do I personally endorse your outbursts, but I feel they were probably pretty darned accurate.
Teemeup suggests that management gets their crap in a pile and matures. Yep, that about sums it up. Nobody needs to hear that there are warrants out for the arrest of the person who, directly or indirectly, holds a big chunk of this company's future in his hands. Nobody wants to hear that the inventor of our "products" is no longer "with the company". Most of all, however, nobody wants to be treated like a mushroom, kept in the dark and fed sh!t for months on end -- but it's all happened.
Again, if not for the technology, what a POS this would be!
Trainz
OT OT -- A little levity:
A man returning home a day early from a business trip got into a taxi at the airport. It was after midnight. While enroute to his home, he asked the cabby if he would be a witness. The man suspected his wife was having an affair and he intended to catch her in the act. For $100, the cabby agreed. Quietly arriving at the house, the husband and cabby tiptoed into the bedroom. The husband switched on the lights, yanked the blanket back and there was his wife in bed with another man. The husband put a gun to the naked man's head. The wife shouted,
"Don't do it! This man has been very generous! I lied when I told you I inherited money. He paid for the Corvette I bought for you. He paid for our new cabin cruiser. He paid for our house at the lake. He paid for our country club membership, and he even pays the monthly dues!"
Shaking his head from side-to-side the husband slowly lowered the gun. He looked over at the cab driver and said, "What would you do?"
The cabby said, "I'd cover his ass up with that blanket before he catches a cold."
Trainz