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It would be very helpful if MT addresses the whole issue of IRA shares when he clarifies the process he is asking each of us to follow.
MT has not replied to my recent email inquiry on this subject. So maybe you could suggest that he does address this issue when you speak to him.
Thanks.
4God, please clarify.
>These shares cannot be put in certificate form without paying severe tax or penalty.<
Incorrect!
Exorcist, I'd be interested in hearing your perspective on another group of long term holders. The ones who bought shares in their IRA accounts.
These shares cannot be put in certificate form without paying severe tax or penalty.
Thus...
"Once we have the number of shares in certs equal to the O/S, I will declare the remaining shares (shorted) in the system as bogus."
Thanks... MT!!
The CEO Blog now contains a heading for "Financial Supporting Documents."
Nothing posted there... yet.
MT and the execs seem disturbed about the recent share price.
Remember the quote... " We have met the enemy and they are us."
Just curious whether MT is back from Panama?
Maybe Panamersa is making history.
But at least one brokerage house is telling MT to "shove it."
And at least one mm continues to do whatever it cares with the price of our shares.
Let us all cross our fingers and hope that Panamersa's management and legal staff are wise enough to overcome what may be a totally corrupted market.
Site still available from the East Coast.
Why don't you try going directly to the press release page.
http://www.geo-tec.net/press.htm
Site is back up.
They have added the last two press releases. Not sure what else.
Nope.
Maybe, just maybe, they're getting ready to unveil what they're up to.
I can think of no other stock that has so many unrealized and unappreciated assets.
In my imagination each week I envision some poor shareholder who, for years, has held on to this stock waiting...waiting...waiting and finally being forced to sell his dream for a crippling loss.
And after lunch, in Panama, do they
siesta??
Cash dividends are practically unheard of from pinks. Most of these guys can barely make it from payroll to payroll.
But this company just might be able to pull it off.
If so... problem solved.
MT has impressed me as one who can and does think outside the box. I very much doubt he entered the pink sheet game without knowing that this stock would be shorted to smithereens. So it's an approach like this suggested dividend that he would have considered a long time ago.
Let's watch and see what he does.
While we wait for the audited financials how about thinking a bit outside the box.
What if, instead of a buyout, the board announces the start of a quarterly dividend of... say... $0.001 per share.
It'll cost the company much less cash than a buyback.
It'll scare the bejesus out of the shorts who'll have to come up with the same amount for each share they've shorted.
And it just might get this stock trading at a price that's a reflection of the company's real value.
Cash is better than good. It's death to the shorts.
Most pinkies can hardly breathe, their so strapped for cash.
This one has the $$$ to strangle the shorts.
The fastest way to turn this shorting situation around is to announce the first of a regular series of cash dividends.
It's the last thing the shorts would expect... but they'll be forced to match the dividend for their short positions each time one is paid.
The decision about a buyout can be delayed until after the first or second cash dividends are paid.
The real count of shorts is probably already available to MT based on the responses he got for broker's nobo lists.
This may be what stimulated the latest announcement about the board preparing to discuss a buyout.
But don't fool yourself by thinking that the shorting situation was a shock to MT and the rest of management. These guys are as sharp as they come.
My guess is that they expected the current situation and are just playing out the next steps in a well thought out plan.
The only ones to be surprised are us, the shareholders, and the shorts. I have a hunch there are some real surprises in store.
Neither a buyout or going private now makes a lot of sense.
Until a few months ago, this operation was private. They got involved with MT and PYPR to gain access to the US markets.
Then, they raised tens of millions in the pan american markets. Those funds should be certified in the forthcoming audit.
They knew they had access to the pan american funds before entering the US markets... so the PYPR move (now PNMS) had bigger objectives than just allowing a near term buyout.
--------
Discussion of a possible buyout certainly brings attention to the claimed assets of this company. But actually allowing a buyout to happen makes the whole PYPR/PNMS deal look like a fools foible.. and we're not dealing with fools!!
What you suggest presupposes that the small cap markets are legitimite. If you believe this you have a lot to learn... and it may cost you a lot of money.
There's a good reason that many brokers who manage serious money will not let their clients buy any pink sheet or bb stocks.
Even when more knowledgable investors override their broker's advice, the investor is required to sign a form stating that this purchase is his idea... and not the brokers. This form releases the brokerage house from any liability that may ensue as a result of this purchase.
Bottom line of what I'm saying is that simply "buying back" even a billion shares of this stock will only result in an additional billion shares being shorted...
UNLESS the shorts are convinced that they will really have to cover (a VERY UNLIKELY situation!!)
One way to do this is to have audited results showing that the corporation is capable of paying a large dividend. Not normally the case with a pink sheet... but conceivable here.
Another way might be to issue the dividend and prove that it has sufficient value that investors demand all of theirs.
If the nobo results show that extensive shorting has taken place then a buyback now is just a gift to the shorters.
Wouldn't it be nice if the board's micromanagers showed half the intelligence that MT has?
Copied from Another Board - Posted Tonight
---------------------
Chris123
HSM Enthusiast
Join Date: Nov 2005
Location: Tennessee
Posts: 726
I got the chance to speak with Bradley Ray and Bill Richardson today!
The demo in Belle Vernon went excellent! Several shareholders were
there as well as some government officials. The official were from EPA
that cheered Geo-tec on. The EPA has had an on going up hill battle with
gob piles, pollution…. They now say Geo-tec has the answer…….
the fortune 100 company was there as well as other coal producers in the
area that got to see first hand this technology and the preliminary results.
The DEP/EPA were there having Geo-tec run test on coal samples and will be publishing the reports shortly.
Some results that I could remember:
waste Coal BTU 3800 before 13500 after Sulfur reduction of 85% and Mercury
reduction of 45%.
It was an unexpected treat to talk with Bill Richardson today and to hear first
hand the scientific information that his father worked forty years on and himself now 20 years as their plans are coming to fruition.
Bill’s insight as to where this technology well take us is nothing short of astounding.
Geo-tec is a short term monster and a long term household name! JMHO
We will also soon hear household names associated with Geo-tec…….
New Daily Highs as the market flounders? This has gone on long enough to make me wonder whether we're seeing the beginnings of a takeover.
We may be a bit antsy looking for the prices to push up to $0.003 and beyond... but imagine how the Latin American's feel.
You know, the ones who paid $0.04 apiece for 2 billion of them.
And somehow, I think they'll exert a lot more pressure on management than we could ever hope to exert.
When the market is open you can get 15 minute delayed bid/ask prices here:
http://www.allstocks.com/html/free_level_2_pink_sheet_stock_.html
I love it!!
Final sale of the day.
100 shares at $0.0029
Wow. That adds up to 29 cents!!
Who makes this stuff up?
Hint:
02/15/2007 16:18:23|S2|PNMS|PYPR|Panamersa Corporation|Paypro Inc|02/16/2007|**|||u
OK... I take it back. The first 6 minutes are garbage. But the next 20 minutes provide some real insight into what Geotec has and does.
http://www.mn1.com/mp3/getc020507.mp3
Chris, good to learn that we're back in the well stimulation business.
Heard the interviewers clearly. Bradley was mute.
With PR like this, the shorts must be shivering in their boots.
Latest News
Geotec Thermal Generators, Inc. Announces Technology and Coal Site Demonstration to Shareholders of Record, January 31, 2007
DELRAY BEACH, Fla., Feb 07, 2007 /PRNewswire-FirstCall via COMTEX/ -- Geotec
Thermal Generators, Inc. (Pink Sheets: GETC) today announced that it will
demonstrate the Company's enzyme/protein technology, on a date to be announced
in the near future, for shareholders of record January 31, 2007. The
demonstration will be held at the Holiday Inn and the TecEnergy, Pennsylvania,
LLC., (a wholly owned subsidiary of Consolidated Energy & Technology Group,
Inc.), offices in Belle Vernon, Pennsylvania. There will also be a site visit to
TecEnergy, Pennsylvania, LLC's, Banning #4, 483 acre coal site.
Geotec will demonstrate the enzyme/protein technology and the TecEnergy
exploration and evaluation machine. The Company believes that this qualifies as
a Clean Development Mechanism (CDM), as defined under the Kyoto Protocol. Each
Geotec project will obtain a carbon neutral footprint through revegetation and
reforestation. Utilizing this plant growth for biofuels will further Geotec's
goal to be carbon neutral to offset the amount of carbon dioxide emissions.
On November 28, 2006, 421 projects had been registered by the CDM Executive
Board as Clean Development Mechanism (CDM) projects. These projects reduce
greenhouse gas emissions by an estimated 104,124,494 ton CO2 equivalent per year
(for comparison: The current emissions of the EU-15 are about 4,200,000,000 ton
CO2 equivalent per year). Around 70 % of these CDM reductions come from N2O
reduction projects and HFC oxidation projects. Most of the remaining credits
come from landfill gas related projects, and from hydropower and biomass
projects. In Europe, the estimated cost of switching from coal to gas could be
in the order of 40-50 euros ($51.93-64.91) per tonne CO2 equivalent.
On January 18, 2007, eight Northeastern US states were involved in the Regional
Greenhouse Gas Initiative (RGGI).
Regional Greenhouse Gas Initiative is a state level emissions capping and
trading program. It is believed that the state-level program will indirectly
apply pressure on the federal government by demonstrating that reductions can be
achieved without being a signatory of the Kyoto Protocol.
Participating states: Maine, New Hampshire, Vermont, Connecticut, New York, New
Jersey, Delaware, Massachusetts.
Observer states and regions: Pennsylvania, Maryland, District of Columbia,
Eastern Canadian Provinces.
Geotec Thermal Generators, Inc. (Pink Sheets: GETC) is a Green Energy Technology
Company. Geotec has operations in the United States and Argentina and utilizes
proteins and enzyme technology to chemically convert hydrocarbons to
commercially higher value coal. The technologies are also used to purify
hydrocarbons, such as coal or oil, of heavy metals and other contaminants such
as sulfur, arsenic and mercury to prevent or correct pollution in the air, water
or soils. In addition, hydrocarbon contaminated soils can be re-vegetated and
re-forested.
Statements in this release, which relate to other than strictly historical
facts, including statements about the Company's plans and strategies, as well as
management's expectations about new and existing products and services,
technologies and opportunities, market growth, demand for new and existing
products and services, are forward-looking statements. The words "believe,"
"expect," "anticipate," "estimate," "project," "intend" and similar expression
identify forward-looking statements that can speak only as of the date hereof.
This press release contains certain forward-looking statements regarding Geotec,
its business prospects and results of operations that are subject to certain
risks and uncertainties posed by many factors and events that could cause
Geotec's actual business, prospects and results of operations to differ
materially from those that may be anticipated by such forward-looking
statements. The Company assumes to obligation to notify of any changes, other
than material events as required by the Securities and Exchange Commission.
Readers are urged to carefully review and consider the various disclosures made
by Geotec in this new release and other reports filed with the Securities and
Exchange Commission that attempt to advise interested parties of the risks and
factors that may affect Geotec's business.
Geotec Thermal Generators, Inc.
Bradley T. Ray
(561) 276-9960
info@geo-tec.net
www.geo-tec.net
SOURCE Geotec Thermal Generators, Inc.
CONTACT: Bradley T. Ray of Geotec Thermal Generators, Inc., +1-561-276-9960, info@geo-tec.net
URL: http://www.geo-tec.net
http://www.prnewswire.com
www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
Reading an MBA thesis is only required if you want to buy these shares for mills.
When the entire business plan is laid out for us, I'm looking to see share prices $$$$$$$$$$$.
Snickerke, thanks for trying to bring some perspective back here. The last few days, I've read such drivel here that I don't know what to make of the posters.
If management is really trying to put together a multi-country, multi-enterprise conglomorate, we, the benefactors of their vision and hard work, should give them a bit of breathing room.
Even the dividend they promised is a novel idea. If the brokerage community is fighting it... no surprise. Look what Ameritrade is doing to prevent new buying.
A little non-cooperation with our management is the least you'd expect from the brokers and mm's to avoid exposing what may be a huge short position.
As to those "investors" who feel discouraged, I strongly suggest that they sell and move on to whatever stocks really fit their investment fancy.
If you don't believe in management and you aren't prepared to wait months or years, you shouldn't be here.
I also suggest that you listen to the Bradley Ray interview on
http://www.wallstreetreporter.com/
You have to register to hear it. But registration is free.
I sense that we'll soon see lots of filings and lots of announcements.
New site now up
www.geo-tec.net
Also, ceo interview on wallstreetreporter.com
Here we go!!
"Not fast enough for some apparently but it is changing quickly."
When it comes to those that play with pinks... there's lotsa newcomers to the game... expecting easy riches... and a few successful traders/investors... scarred but much richer for their experience.
Yup, I've seen quite a bit about what's starting up in Panama and Costa Rica... but the charter of this group includes lots more countries. What, praytell, might be going on in these other countries?
I'm not sure what to make of the 30% because I don't know what businesses we're in or what which group owns these businesses. Maybe, by Feb 15th, when we see some financials, the story will begin to unfold.
We may be better off buying these shares just like we are.
What you suggest sounds much like the central american's buying pdr's .... at $0.04/share.
Right now, what I think we're seeing is, the company wants access to the US financial markets, so they bought a shell... pypr... which is rapidly being renamed, redefined and populated with a substantial collection of businesses.
My expectation is that the redefinition will happen very quickly.
When it does, and we learn just how subtantial a collection of businneses we own and how profitable they are, sub-penny prices will be memories.
Nothing I've seen here suggests to me that MT is just reacting to the flow.
Instead, I sense that he's playing out a well planned script.
It's always been obvious that he divy is meaningless unless MT can create real demand and show that it's got value.
Tune in tomorrow for what I hope to be a real doozy!!
Wouldn't it be interesting if, somehow, MT showed that the dividend really does have value in his interview, tomorrow?
He seems to have cleaned up the confusion of passport numbers and account id's. So a declaration of real substance might just be the next straw in this puzzle.
From Panamersa Site
---------------------------------------
It's Dividend Day!!
January 22nd, 2007
We are issuing dividends today, January 22, 2007 as advertised.
I know that going through this dividend process has been an experience for all of us. Each time we will refine the process and do a better job to make it a very effortless experience.
I know many of the shareholders had questions or did not understand why we needed some of the information. we asked for. It might be helpful if you knew that just because both the Application for membership in the Fundacion and the Broker Certification form were on the same website does not mean the information is used and passed between the company and the Fundacion. The Fundacion has very strict laws in place and does not share personal information with the company or anyone for that matter. The Company however does pass on the Certified Shareholder list to the Fundacion.
I realize we had a couple of fields on the forms that we actually did not need. Therefore all shareolder broker account numbers submitted have been deleted.
If you have not registered for the dividend yet. Please do so now!! I will extend the time you can register until midnight January 31, 2007 Just because the dividend date is today is not my intention our company’s intention that anyone miss this dividend. Some of the information from the brokerage firms has not been recieved, but I expect there will be a lot of the brokers submitting them today.
NOTE TO ALL DIVIDEND HOLDERS: Corobici Wildlife Refuge Dividend Holders have no Tax liability, including property tax, ever to Costa Rica on a federal or local level..
As this process continues I will post here, any additional comments or things you should be aware of concern receiving your dividend.
CEO
I'm not even thinking of giving up.
The management has made three sec filings in November, three more in December and one more in January. That's a sign of a very confident management team that knows exactly what they're doing.
My guess is that they'll update their site when they're ready to publicly reveal what's been accomplished. And it'll be a real eye-opener.
I've been holding this stock for a long time. For me it's all or nothing.
In the 1/17/07 president's letter by Pedro Borges Fiol, both sites are identified as belonging to panamersa.
My guess is that the .com site belongs to the Texas operation; while the .net site belongs to the Panama operation.