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Hello mr. blackbird
yes, unfortunately all that paperwork process is what will take the longest. But looking at the bright side of this situation, maybe this will buy time and when we get back on the pinks we will have a much better production report as well. I don't know, I am just trying not be so negative. The sun will shine for us again, when? I do not know, but I hope it does soon.
anyone in magelland today?? :::)))Lets make conversation...
Tomorrow is the two weeks anniversary of trading in the greys. Everyday I check pinksheets.com for any new update (it sucks to be waiting on something you do not know when it's coming) hoping to see a new pr, but nothing. I figure it will take another couple of weeks to at least get an official pr.
All I can keep saying at this point is that I hope they do not take much longer (longer than another two weeks) to go back to pinkiland.
I know it's more of the same, but at least she is replying to emails:
The company is working with legal counsel to resolve this and will issue an update when able. In the meantime, day to day operations are continuing. Please do not hesitate to continue to contact me.
Regards,
Karen Willoughby
Investor Relations
866-365-4724
This email is intended only for the use of the individual(s) to whom it is addressed and may be privileged and confidential.
Unauthorised use or disclosure is prohibited. If you receive This e-mail in error, please advise immediately and delete the original message.
This message may have been altered without your or our knowledge and the sender does not accept any liability for any errors or omissions in the message.
Mobiaus, at 12:33 I sent an email to Karen and I just received a reply from her at 3:23. Keep emailing her, she will reply.
October 7th was the last email I received from her.
"the National Association of Home Builders is out with its monthly sentiment index at 1 pm. Economists are looking for a slight increase to a reading of 20 for October, versus 19 in September."
http://www.cnbc.com/id/33376177
Thank you BT, I appreciate your reply.
I have TDA as well, which screen shows you the trades at .00005?
well here we have our beloved MMs with their 100 codes
At this rate we will see .0002s today
::::)))))
I guess we'll have to wait until Nov. 30th to know how many shares we will get.
any thoughts???
Evolution Fuels to Dividend Common Shares of Southwest Resources, Inc.
GlobeNewswire
posted: 10 MINUTES AGODALLAS, Oct. 16, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that the Company will dividend 1.5 million shares of the Company's ownership of common stock of Southwest Resources, Inc. (Pink Sheets:SWRS).
On October 16, 2009, the Company executed a settlement agreement with Southwest Resources, which owed a debt to the Company related to a transaction during the third quarter of 2006. The settlement involved the exchange of shares of common stock in Southwest Resources for forgiveness of the debt.
As Evolution Fuels' current business focus is on the establishment of retail renewable fuel stations, the Company's management has determined to provide its shareholders with any potential upside in the equity ownership of its 1.5 million shares of Southwest Resources common stock through a dividend of the shares to its shareholders. Any shareholder of record owning at least 50,000 shares of Evolution Fuels common stock as of November 30, 2009 shall be entitled to receive a quantity of the 1.5 million shares of Southwest Resources common stock proportionate to their ownership of shares of Evolution Fuels common stock. The dividend of shares of Southwest Resources shall be in certificate form and will bear a restrictive trading legend pursuant to Rule 144.
Such dividend shall occur after Southwest Resources has published its Initial Company Information and Disclosure Statement and current financial statements to the Pink Sheets website and achieved the tier ranking of "Current Information."
About Evolution Fuels, Inc.
The Company endeavors to market renewable transportation fuels at retail fuel stations that will provide blends of ethanol ranging from 10% to 85% (E10 to E85), and biodiesel blends from 5% to 20% (B5 to B20). The Company's plan calls for the development of a chain of renewable fuel stations that extend from Texas to Mississippi that will be a combination of "Evolution Fuels"-branded fuel stations/convenience stores and western-motif truck stops modeled after the Willie's Place Truck Stop in Carl's Corner, TX. The Company's Web site is www.evolution-fuels.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
CONTACT: Evolution Fuels, Inc.
Media & Investor Relations
Randy Hepler
866-765-4940
investors@evolution-fuels.com
Touché...heels...touché
I am glad I have TDA, I have never had a problem with them especially when it comes to pinks.:)
It could be both. What I am thinking is that while they (Magellan) fix the Sec's mess and work on getting back on the pinks, they are also processing the name change all together. Just my opinion.
Hi blackbird, is there a way that you could call them and ask them what is that all about?? (I am not telling you what to do, I just think it would be better for you to know the reason of the change) I have TDA and it shows no change, also shows all the trades it's had so far.
I also think that we will eventually get back on the pinks, but we must be patient.
ok, maybe not today..:(
we could see a 0.0002 ask today..:), big volume so far.
Great answer Ace.
Go EVFL!!!!!
Well, you can see it displayed under volume and/or if you have TDA, the 'last sale' screen shows the time and amount of the trade. I hope this helps..
I think so too.:)
Hey all-Something is up. There is Pre-Market trading activity already...:)))
WOW!!! awesome publicity, thank you SAT.
Hi everyone
Did you notice the 9mil blocks that traded after hours?
In my opinion we must be closer to finishing the BB, especially with the release of today's news...that's what I just think.
Good Night All
ALL We Got Great NEWS!!!!!!!!!!!!!
http://money.aol.com/rtn/pr/evolution-fuels-executes-letter-of-intent-for-first-fuel-station/rfid260233839?channel=pf
Ditto...:)
Since we are trading in the grey market now (and really there's no regulation) my guess is that is going to be as erratic as it could be until we get back on the pinks.
Windfall I share the same feeling you have, I think we will see news today...
Heels, thank you for your encouragement...:)
I too think MGLG eventually will get it right, it could be a lengthily process though, which now continues with the clearing of this awful situation, which at the same time is connected with getting back on the pinks. However, I think that the same way sudden (bad) things happen in pinkiland, a sudden great thing/news will be released soon...at least that is my prayer now...
Have a great day...
I do not understand how this individual is still out there and continues doing harm, here is the last paragraph:
"The hijacking case is not the first time the SEC has sued Mr. Boock. On Nov. 22, 2002, he agreed to pay $429,619 in disgorgement and penalties for the Leah Industries Inc. fraud. In that case, the SEC claimed that Mr. Boock disseminated news releases falsely claiming that PricewaterhouseCoopers had audited Leah's third quarter financial results, when it had not. He subsequently sold 540,000 shares, generating proceeds of $323,443. The SEC says Mr. Boock has not paid the fine."
I as well have TDA and on Wednesday when MGLG resumed trading I noticed that the price on the bid (0.0003)and ask (0.0004) was not moving, while trades were going through. I realized trading was not the same, then reading through different posts I learned about the grays.
I have invested $4,900.00, not as much as others but it hurts to see it vanished. I feel compassion for those who are in the same situation with MGLG.
Heels I appreciate most of your postings I think you are even more objective than Ordinarydude (no offense) and also I think you would be a much better moderator for this board.
Take Care...Good Night, Tomorrow will be a better day!!!
Pink Sheets Grey Market Tier
There are no market makers in this security. It is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
http://www.pinksheets.com/pink/otcguide/investors_market_tiers.jsp
Brian540, I have a free account, I can't PM you back.
Thank you for your reply.
Hi Biran540, based on your comment it seems to me that you know about greys more than I do (first time I am in this situation).
Could you please give me a little summary on how greys behave?
I would really appreciate it.
Thank you.
ok. I do not know about any of you, but I prayed for this stock to resume trading (if it goes to 0.0001 is another topic), and my prayer has been answered. So, publicly I thank you JESUS for answering my desesperate prayer...
there is a trade!!!!! 15,000 @ 0.0003
I just checked the other 16 companies that were halted with MGLG, and there is no activity on any of them, maybe we have to wait longer for it to start trading again...if so.
I was able to place a sell order at 8:53 this morning
Wednesday we'll be up and running...
Not yet, but probably it will start trading soon...JMO