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pompie, Everyone knows that...
as it was stated QUITE prominently by management so no one could possibly assume otherwise. You obviously know this, yet you keep trying to insinuate it's an 'issue' that should be of utmost concern to shareholders.
It is not.
No cash, paper value only?
Most likely due...
to no revenue numbers being released yet. The quarterly report info covered only share exchanges in preparation for future projects.
Then why the depressed price and volume?
Forget it, pompie...
Like I said...There is NO GSRE short interest.
http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=GSRE&selected=GSRE
I know what the disappointing price is after blockbuster financials. Shorts must be in control here.
pompie, What's the reason...
for your unfounded allegations in two separate posts today?...
Exciting, on huge volume. Don't give in to the shorts!
No need to worry. As soon as the shorts leave the price will come back up! This may go back to its recent low of 0.0013 because of heavy shorting.
You know that isn't true...RIGHT?
Just so everyone knows...
I held no position with TNOG and hold no current position with GSRE. I've been a shareholder since 6/20/05...my last transaction was on 9/14/06. My only interest here is the same as everyone else's...future financial gain.
No more...no less.
Everyone ~ When completed...
the FAQ pages on the GSRE web site should provide all info pertinent to genuine prospective shareholder queries. Should anyone have a reasonable question not covered there, GSRE IR will gladly expand the FAQ to cover it.
i.e; To my knowledge, there are NO intermediaries between GSRE IR and the public at large...self-styled or otherwise.
Like many small start-ups on the Pinks, TNOG had a spotty record marked by incompetence, obstruction, and probable malfeasance. Now, under new management and with a new direction as Green Star Energies, Inc., it has an excellent chance for future success.
Every enterprise has its doubting thomases...Pinkies more than most, it seems. Let's not permit the naysayers to cloud GSRE's chance for a bright future.
kro, NOBODY 'fears' you...okay? e/m
Knock it off, kro...
Pretending you're important enough to demand the undivided attention of the CEO of Green Star Energies any time you feel like it is pure hokum. I'm very sure Mr. Toth will fully answer all shareholder questions as he sees fit...time permitting, of course.
Poor pompie...
Maybe that disclaimer is there to cover their butts when 'mistakes' occur...ya think?
Nice try! That's a standard disclaimer, just like GSRE puts out with their filings and PR's.
Liar ~ 1,551,108 @ .0021...
0.0021 50000 OTO 15:54:57
0.0021 500000 OTO 15:49:51
0.0021 500000 OTO 15:37:24
0.0022 106318 OTO 15:36:12
0.0022 250000 OTO 15:36:10
0.002 34000 OTO 13:53:50
0.002 5790 OTO 13:38:45
0.0024 5000 OTO 12:23:53
0.002 100000 OTO 12:00:19
Jan...
As long as the shell holds unassigned shares, it has value until BK is declared. That's why a scam stock's AS & OS #s are identical...no restricted shares, the shareholders are the sole owners of nothing.
The value of a stock is defined by the 'property' ($, real estate, machinery, products) it holds.
Reserve/restricted/unsold shares are 'property'...& taxable. The IRS never forgets.
As long as those shares...
remain unreleased, they'd better.
You actually Believe that SLJB has filed a tax return for 2008 or any year since 2005???
Wow.
jmo
The one item...
that'll show everything is SLJB's 2008 US tax return.
earnie, Doing what I described...
is the cheapest way I know to keep a shell 'live' tax-wise...& for other purposes. Yes, it's frowned upon...but quite legal.
Not necessarily...
As long as the unissued amount's status remains unchanged.
But if shares are Issued by SLJB .... Transfer Online must be advised to effect the issuance.
And the O/S shares have not changed.
What you are suggesting they did is an Illegal Act.
SLJB was a public company and its officers MUST keep its Transfer Agent current with issuances.
jmo
********************************
True, unless...
they're restricted by majority as net corporate holding in lieu of real property.
True, unless...
they're restricted by majority as net corporate holding in lieu of real property.
Treasury stock are Unissued .. by definition they are neither restricted or unrestricted as they are awaiting the purpose of their issuance.
jmo
Way ahead of you...
There is no Notice of Sale of Restricted Shares. (prospective or otherwise)
earnie, If you dig a bit...
I believe you'll find those shares to be restricted.
You are still a little wrong ... the issued shares can have both restricted and unrestricted shares making up its total.
256 Millions shares are simply unissued or available for issuance. So-called treasury shares.
jmo
Investopedia explains Treasury Stock (Treasury Shares)
Treasury stock is often created when shares of a company are initially issued. In this case, not all shares are issued to the public, as some are kept in the companies treasury to be used to create extra cash should it be needed.
earnie, Actually, WAY more important...
than you realize.
If it can be believed that is the case (i.e. that the Nevada SOS site can not be updated until all fees are paid and SLJB was in arrears by July 2007) then someone increased the Authorized Shares by 125 Million shares via Directors Resolution subsequent to July 2007 and informed Transfer Online but could not get the changes effected at Nevada SOS.
Hmmmm .. interesting.
jmo
You are quite correct...
I should have posted:
total AUTHORIZED is 850 million.
Total ISSUED is 594 million.
...Leaving 256 million shares UNISSUED/RESTRICTED.
earnie, As I stated earlier...
in post #299809:
"The NV record is wrong because it can't be updated until all fees are paid."
I asked Aaron White about the discrepancy of the Authorized between Transfer Online's tally of 850 Million and that on the Nevada SOS site of 725 Million and all he could think of is that maybe Transfer Online or Nevada SOS was not informed of a number of the changes that occurred on SLJB.
hmmmmm
Shareholders...
You need to understand that I have no knowledge of whether or not SLJB will ever be viable. Everything I've posted is the result of simple business practices common to corporations.
RMing CCT ITT into the shell following closure of the OSC final hearing is JUST AN EDUCATED GUESS on my part as it's what any businessman would do...primarily because of the tax advantages & the easing of personal liability issues inherent in any business enterprise.
No comment...
Now you know why I've neither bought or sold any SLJB shares since June, 2006 and will happily prove it upon receipt of subpoena.
Jan, I won't say that...
due to possible, tho highly unlikely, liability issues. I can say they have no need to 'take over' anything as it's always been theirs.
Is that to say that you believe the "six insiders" (who are they?) are going to take some affirmative action to take over the corporation (a/k/a shell)?
pumpie, THANKS...
for finally showing your weak grasp on reality.
...It took you long enough.
Jan, I don't doubt it one bit...
But, as he isn't one the six insiders...his opinion re; the use of the shell really has no bearing.
All that may be well and good but it's neither here nor there...according to Steve Sulja, there will be no merger, reverse, sideways or otherwise.
If the shareholders want to captain this Titanic, there are methods of doing so. But whining of a message board isn't going to cut it.
Don't count on Steve Sulja to bail water out of this sinking ship. He wants nothing to do with it. I'm not saying that's right or wrong, but it's a fact as he has told me this several times.
Ignorance is a sad affliction...
What you characterize as GSRE 'selling' isn't possible...
Unless someone is BUYING.
Kinda forgot that, didja?
ROFLMAO!!!
Jan I'm not saying...
the current shareholders don't 'own' the shell. The question is...WHO has control thru MAJORITY ownership?
If you add the holdings of the six insiders to the AS, does that give them true majority status? Quite likely.
*IF* SLJB was a true scam as alleged, all the owner(s) needed to do was release the AS for public sale and walk away...leaving the shareholders holding the empty shell. The fact that wasn't done indicates they have future use for the shell.
Before they do any RM, they'll increase the AS to guarantee their majority rights to prevent a takeover.
Sorry, but you got some incorrect information from Aaron, if indeed that is what he told you. Here are some fundaments about public corporations:
http://financial-dictionary.thefreedictionary.com/Publicly+traded+corporation
Public Company
A company issuing stocks, which are traded on the open market, either on a stock exchange or on the over-the-counter market. Individual and institutional shareholders constitute the owners of a public company, in proportion to the amount of stock they own as a percentage of all outstanding stock. Thus, shareholders have final say in all decisions taken by a public company and its managers, especially through its annual shareholders' meeting. Public companies have greater access to financing than other companies, as they have the ability to issue more stock. However, they are subject to greater regulation: for example, they must file 10-K reports with the SEC on their earnings and they are more likely to be subject to corporate taxes. A public company is also called a publicly-traded company.
*****************************************
http://wiki.answers.com/Q/Who_owns_a_corporation
The shareholders own a corporation. This can range from a single shareholder in a closely held corporation to hundreds of thousands of shareholders in a publicly traded company. Stockholders may be individuals or what are called "institutional investors," such as mutual funds, retirement plans and insurance companies.
CORR: SLJB AS = 256 million shares.
earnie, enough w/the parsing games, okay...
'Share Ownership' has no bearing on company administration...ESPECIALLY on the pinks.
I know you are wrong.
Steve Sulja can not possible own ALL of SLJB Nevada.
How do you explain your shares if that was the case?
Basic Share Structure 101.
And I have talked to Aaron in the past and while I can not remember the number of shareholders I believe that there are greater than 500 shareholders of record.
jmo
AGAIN earnie, ask Aaron...
The NV record is wrong because it can't be updated until all fees are paid. The AS is 850 million shares.
Wrong again.
Authorized shares per Nevada are 725 Million.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=3jTAXTqYdC80kvn1T3%252fB8Q%253d%253d
Basic DD 101
jmo
SLJB AS = 260 million shares...
MORE than enough reason for a RM.
Call 503.227.2950...
Simply ask Mr. White. You'll find my info to be QUITE correct re; ownership *AND* AS.
earnie, You're wrong...
I just talked to Aaron White. The owner of the shell effectively owns and controls the AS. SS is the owner of the SLJB shell.
You had said that Steve totally and completely controls the authorized shares of SLJB.
I have proven to you that he does not.
The total SLJB AS...
remains at 850 million...does anyone remember what the OS is?
earnie, Are you trying to say...
that ALL of the AS have been issued by the TA and are owned by shareholders? If so, please verify.
Slo ... I KNOW you will find that Steve Sulja does not have total control and ownership of the Authorized Shares of SLJB Nevada.
How can he???
After all ... you have long claimed to own shares.
And the shares trade publicly with many claiming in the past to have bought.
Stop and think about what you post maybe.
jmo
earnie, Are you claiming...
that SS and Gurmani would accrue no financial gain by bringing their private company public thru the empty shell?
Slo .... again ... SLJB Nevada is owned by its public shareholders of which you claim to be one.
The poster from Elmira claims to have 29 million shares.
Newfrost claims to have >10 million shares.
etc. etc.
Steve has told some that he holds NO shares in SLJB Nevada.
ITC LLC is not the subject of this board but it is Steve and his partners private company that has NO relationship to SLJB.
jmo
earnie, I think you'll find...
that that SS, the shell owner, has total control and ownership of the AS.
No .. you are totally incorrect.
SLJB Nevada is a public company of which the Sulja's have very few shares, if any.
PV and AD kept the bulk of the shares for themselves and their nominees.
The vast majority of the shares are in public hands, not in Steve's hands as you state.
jmo
earnie, I don't know...
what brought it on, but your honest and clear summation of the real issues surrounding SLJB, despite your caveats, is most appreciated.
Thank you.
The story is that Steve (the minister) and his family got scammed by PV for some time before he convinced them (as their friend) to do the pubco deal. Sales to Loftwerks that were never paid for apparently put Sulja's and their business in Harrow in a precarious position financially prior to the scam.
Nope ... the minister is going to walk ... having been scammed too.
He does not want to perpetuate the scam by doing any business with an Entity he does not want and does not understand public markets.
***************************************************************
It is A STORY that one poster who seemed to know a lot of inside information from being close to PV.
It made some sense as to why the little lumberyard was in such dire straits before lending its name to the Public shell.
Take it for what it is worth.
**************************************************************
It is a Plausibe scenario of past events.
Far more plausible that some of the reverse merger news that some subscribe to that is coming out of Elmira.
John...
Jon, it does, but why isn't anyone pushing this agenda, or are they? It seems Steve isn't!
They are. BUT, until the OSC hearing process is finalized & the empty shell legally cleared of any hint of wrongdoing, there's no sense in proceeding with a RM.
How could shareholders convince Steve to "do the right thing".
We can't.
May be too late when the OSC and SEC finalize their business. Seems folks are hoping he does, why not take a stance and make sure he does ...
To my certain knowledge, the SEC has no current interest in either SS or the Nevada shell as both are obviously clean.