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I have had a buy in at 3 for the last ten minutes. Nobody wants to fill it.
I'm getting excited. We always see some volume before a nice run.
I am maneuvering assets to increase my stake.
I say smart investor.
It is actually 1/5 of the float.....20% of the shares are Fred's
Holding back 1 single progress payment is hardly a deadbeat move..... The mistake here was not holding back more payments.
Who did those emails come from? Allan?
When you are in business, you have to look in the mirror and decide what you are best at, and what others can do better.
Take Lowell for example. Lowell should listen to everybody except his own brain when it comes to legal matters/contracts/anything other than welding tanks together.
Aziz paid an engineering and procurement contractor, because they are experts, to decide whether or not the project was proceeding in a reasonable manner. Those experts ($125k worth of experts, so it wasn't an off the cough remark) said don't pay that guy another penny.
Aziz payed TMC to be the experts. The experts said "don't pay Lowell".
Aziz DID NOT WITHOLD PAYMENT.
Turning Mills Consultants did.
I was curious if Allen were getting a cut. You were listed as a strategic partner over there.....
I was also curious if you were going to refund all $312,500 if you sold the unit for $1.8million. Clearly no restocking fee would be warranted.
Thanks for your reply.
Exerpted from a previous post:
My main interest was in selling more. I also take R&D deals cheap to expand our product line. I ended up designing a very robust system and went over budget on my nickel. The container, glycerol gasification, and dry wash polishing were added which greatly reduce the operating cost. The hardware cost me at least as much as they were paying me. The labor, engineering, design, overhead etc were not covered. I hoped to recoup that by making it a 6M GPY down the road and getting the upgrade dough. We planned on going to market after that at .30/gal or 1.8 Million.
I find it interesting that Fitz seemed to want to make up all of his R&D costs on the 1st unit.....That would be like buying a $100million F150 (if you got the 1st one).....then everyone else getting them for $6k.
Are you around tonight? I'd like to chat about this some more. Grab a beer, kick back, and type a few characters.....
I didn't realize you were his spokesperson. It seemed from previous posts that Allen was going to get a cut.
Tough break on AIG. So you wanted all 1.8M for it? If you had sold it for $1.8 million, you were keeping all of that?
That is an interesting bit of information. If you were to sell it, who would have kept the difference in the $1.8 million value. It appears that you and Allen were working together to sell it....thats cool....whatever it takes to make the thing go away.
Thanks for the reply again. What are your thoughts on this:
http://www.amelotholdings.com/our-businesses/technology-and-innovation.html
Interesting NEW INFORMATION:
http://www.amelotholdings.com/our-businesses/technology-and-innovation.html
Won't that automatically give AMHD relief from stay?
This board has only been here for 5 years. I have read every post. I do believe that Fitzsimmons is wrong here.
Lowell (apparently nicknamed Todd), what are your thoughts on the AMHD/TMC settlement?
Where do you come up these false statements?
Amelot Holdings, Inc. (PINKSHEETS: AMHD) announced today that it has removed Andrew L. Schwab as its Corporate Secretary. According to the company, without any notice, Mr. Schwab vacated his offices, disconnected his office telephone, fax and personal cell, took down his website, and left no forwarding address with the U. S. Post Office.
Amelot Holdings has filed a formal complaint against Mr. Schwab with the Departmental Disciplinary Committee, Supreme Court, Appellate Division, in New York City, asking for return of legal fees paid and payment of other expenses incurred by Amelot as a result of his actions.
100% WRONG:
Amelot Holdings, Inc. (PINKSHEETS: AMHD) announced today that it has removed Andrew L. Schwab as its Corporate Secretary. According to the company, without any notice, Mr. Schwab vacated his offices, disconnected his office telephone, fax and personal cell, took down his website, and left no forwarding address with the U. S. Post Office.
Amelot Holdings has filed a formal complaint against Mr. Schwab with the Departmental Disciplinary Committee, Supreme Court, Appellate Division, in New York City, asking for return of legal fees paid and payment of other expenses incurred by Amelot as a result of his actions.
Do you mean Lowell? Who is this Todd guy?
I am curious what your thoughts are on the TMC settlement?
Lowell filed bankruptcy personally. Fitzsimmons Systems did not file.
I bet if the contract were even remotely favorable to Lowell, he would be posting it all over this board.....just like he said he would.
Change orders are not change orders until the contract is amended. If the contract never changed, then Lowell was 100% obligated to build to the contract.
But ZERO biodiesel processors, Lowell.
Well we all know for a fact that there are $312,500 worth of parts on Lowell Fitzsimmons shop floor.....
Right....the United States has the WORLDS BIGGEST IRS......because of the simple to figure tax laws......I'm being a tad sarcastic.
Basically you cannot boil down AMHDs income or asset situation based on one piece that may or (more likely) may not even be relevant (not interpreted properly).
I'm off to play with my 1 year old. Have fun out there girls.
Well we know $125k of the debt was TMC. We do not know how much TMC took to settle.
We do know that the company now looks $140k better to lenders and investors.
I'm not trying to be mean, but can you re-write that post and re-submit? I have no idea what you are trying to say.
It makes no difference. $140k of debt is off the books. I one hope the settlement amount was well under that. That would indicate that Fred is a savvy negotiator that will bring the company forward.
Well they obviously didn't pay $140k for a $125 debt to TMC.....so you think maybe, just maybe, other debt was also settled?
The PR states he purchased all of his shares:
Mr. Guarnieri has purchased and fully paid for all of the shares he owns. The recent purchase of shares is restricted for a period of one year, after which they can only be sold using the "Dribble Rule" which allows selling by an insider of not more than one percent of the Outstanding per quarter.
Furthermore the PR states that Fred has never taken any compensation and will not be taking compensation in ANY form:
"To further strengthen Amelot's position and to show my continued faith, support and confidence in the future of the Company, I have renewed my employment contract for another one year term and will accept no compensation for this period. I would also like to add that I have received no compensation in any form from the Company since becoming President and CEO in June of 2009. All monies received by Amelot have been used for paying down debt and taking measures to build substantial future revenues. I will continue working hard and doing everything under my power to increase shareholder value," concluded Fred Guarnieri, President and CEO.
AGAIN you are WRONG
Amelot Holdings, Inc. (PINKSHEETS: AMHD) today announced that through the issuance of 315 million shares of the Company's common stock, liabilities from its balance sheet have been decreased by over $140,000.
Alright.....From the 1st paragraph.....
Amelot Holdings, Inc. (PINKSHEETS: AMHD) today announced that through the issuance of 315 million shares of the Company's common stock, liabilities from its balance sheet have been decreased by over $140,000.