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That makes sense, but the burning question still remains. Is using a LLC that you own to buy a foreclosed home at a discount from a bank legal?
I understand that but doesn't it look like the LLC bought the property from a bank auction at a steep discount, only to have the previous owner living and operating out of it? How does this work? If I'm wrong or missing some sort of transaction or court doc, can you perhaps explain?
I saw he chose to represent himself in court for that. Most of the time people decide on this because of cost.
The law often uses archaic terms with which most people are not familiar in divorce proceedings. One of the most common terms, In Pro Per, appears on most court filings in divorce cases in San Diego. In Pro Per, or more specifically In Propria Persona, appears after the heading “Attorney For:” and literally means “for one’s self.” In Pro Per is used in California when a person acts as his/her own attorney in a legal dispute.
This fiasco with the foreclosed home happened just a few months ago. Court reports show dates April 2014 on the documentation links through their search engine.
http://156.42.40.50/UnOfficialDocs2/pdf/20140276915.pdf
http://156.42.40.50/UnOfficialDocs2/pdf/20140276913.pdf
http://156.42.40.50/UnOfficialDocs2/pdf/20140276914.pdf
It makes sense how a young fella can buy a $700k+ home at the time, because it was in the middle of the housing bubble where home loans were passed out like Halloween candy to those that couldn't afford it.
Here's Bradley's relationship to A&R Ventures.
https://opencorporates.com/companies/us_az/L17602380
Again, how is this not fraud? Don't most states have laws about this, if not at the federal level?
Even if not fraud, this is a major ethical question people should be asking. Given the poor ethics of previous GESI leadership and goons, is unethical behavior something that sits easy with folks?
What's this about?
The CEO has certainly had his fair share of hard times. The past 6-7 years have been rough. I do hope he can rise out of the fire like a phoenix, but damn, he's got a lot of things stacked. I'm wondering if he wasn't ware of the additional liabilities hes taking on thanks to Gordon and Bruce :(
Is that even legal? Foreclose on a property that you own, get an LLC you're tied with (a manager/exec at the buying LLC) to buy it from a bank super cheap, and allow you to continue living/operating there?
How is this not fraud? That's one hell of a way to refinance your mortgage.
I just tried to call and email Mr. Bradley Dautremont again, but the email account is full, and so is his voice mail. Its been like this for quite some time. I wonder what's going on?
Also, I found this on bloomberg. Looking through edgar to see if any other paperwork has been filed with the SEC to determine if this ticker is legit or just a bug on bloomberg.com
http://www.bloomberg.com/quote/SCYF:US/profile
Also, as many of you know I have been in regular touch with a few SEC attorneys. Those of you holding certs will need opinion letters in order for the certificates to be deposited. If you remember correctly, Bruce Pollock and associates stated that the shareholders would have the opinion letter and all other obstacles taken care of in order for certificates to be deposited.
I hate to say this, but after speaking to several attorneys, including a few new ones in South Florida that I've established rapport with, none of them are optimistic about these certs being able to get deposited since in their opinion GESI is a shell and has been for some time.
Funny thing though.. every new attorney I speak to knows about Bruce Pollock, and the words "serial scammer" come up quite a bit. That's not a lie by any means, considering he's been indicted for securities fraud.
Trusting Bruce Pollock or Muscle promoters with anything stock or money related is like having a dingo babysit your kids.
Do you have a link to the info about his property no longer being in foreclosure? If so, good for him, but I'd still like to read it.
Also, are those licenses you came across still valid? I saw a few expired and then there's the issue with the Better Business Bureau & lack of competency license. I'd like to get to the bottom of those.
Its legal to run a business out of a foreclosed home. Perfectly legal, but the legality of this tidbit isn't whats important. Its simply the fact that its being ran out of a foreclosed home that's the bigger issue. That's a bit odd considering the fabricated hype around the company's new direction.
PR's cost money to put out, although its not much money. That's what makes the video event a non-event, if they can't even afford to inform the public.
Answer to Question #1: Bruce Pollock and Craig Huffman. Bruce bought a lot of SATM debt, and I also have emails of him admitting to be in possession of SATM's accounting books, which tells me that he was in a position of power sometime during the transition, and clearly continued to be post SATM-to-GESI transition. I'm fairly confident that the majority of PPM shareholders will also agree to this statement.
It wasn't over a year ago. It was as recent as Q1 of this year. You were also in there.
Brad is still associated with Gordon, Bruce, and Trailer Trash King because they own a shitload of shares. Blue Corn Productions is serial scammer Bruce Pollock's masquerade company to hide his operations. They're a majority shareholder of GESI.
Except for the vast majority of businesses in the United States, because they aren't public but yet they're making money.
I'm not convinced Bradley is another scammer like Bruce and his associates, but he does have a rather difficult past to explain, and there's a lot of unanswered questions. The email account for IR is also full because they don't clean it out or respond to people. I got a notification of a failed delivery due to that when I tried.
The real DD has been posted several times, shawhub. Its also a sticky.
let me make that easier for you to find.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103326648
It wouldn't surprise me if that guy he's working with was behind the insider trading and stock manipulation that occurred for 2 weeks leading up to the PR. Why would anybody take business or stock advice from someone living in a trailer park that solicits people on Skype for money?
I'm pretty sure you know how to reach me through other means if you are really interested in this info. You've done so before.
Why go public if you're making a ton of money as it is? This is simple math here. Take X barrels of oil times Y ($100 per) and that equals Z. Even if its just 500 barrels per day, that's a ton of money. Companies often go public in order to raise capital, but with the kind of figures we're talking about here that's really not necessary. Also, the cost of these wells isn't that expensive either. There's an entire show on the History Channel/Learning Channel about this sort of stuff. The costs of these wells have gone down quite a bit, and the US is on track to be the largest producer of oil in the world.
I sure can. PM me for more details.
A failed stock promoter that lives in a trailer park which was deeply involved in GESI when Gordon MacKay was CEO has admitted to being in communication (one way or another) with new GESI management. This is was also a partner/associate of Bruce Pollock and Gordon MacKay. He was on their payroll (compensated) and is not on the 8K that lists the PPM shareholders. This person refuses to get an IRP notice as well despite being compensated by GESI (payment was negotiated by Bruce Pollock), which is kinda required. This promoter even met Bruce, Kenny, and Gordon in Vancouver, Canada when negotiating compensation.
I'm also sure the accounting books will reflect just how much this person was compensated by GESI, along with other parties.. and what other activities Gordon and his associates may have been involved with. There's really no other reason I can think of as to why he would actively deny the shareholders access to those books unless it was to cover something up that he wasn't supposed to be doing in the first place.
What's in it for ME?!?!?!?
That really doesn't surprise me. He tried to extort several shareholders into giving him money or shares otherwise he'd intentionally mess up Gordon MacKay's offer to hand the company over back around February/March.
I can actually quote him, and other shareholders were on the phone as my witness.
"What's in it for ME?"
He said this about six times in a row, then told me to get back in touch with him when I had an offer. He put his own needs first over the shareholders, as usual. He was also compensated by GESI but has no IRP either, and his name isn't in GESI's filings for the PPM like the rest of us. Nothing but a bunch of lies and unstable, unreadable ramblings.
Sounds like something Bruce Pollock would do.
What a loser. He lives in a trailer park. Boasting about owning 3 trailers, when their tax records show $12,000 to $20,000 a piece isn't something to boast about. Why people keep following this person and taking stock tips from him is anybody's guess. He obviously isn't doing as good as he says he is, otherwise he'd own 6 trailers :)
I hope he produces on the promises GESI has failed to deliver on. Shareholders are still waiting on a lot of items.
Or will GESI continue to ignore their legal requirements?
Why no PR?
Second even if a lawsuit was filed what value is in it for the shareholders, the company needs to have money to access in order for the shareholders to obtain anything.
Using time more productively would best be done to avoid a lawsuit by breach of contract, which GESI is definitely in the wrong. This breach only intensifies because of the language in the contracts GESI had with shareholders that states any sort of reorganization, merger, bankruptcy, etc.. results in an immediate payout to the class A shareholders.
Not gonna be surprised at the number of posts today. Lets just see what happens.
http://www.courtminutes.maricopa.gov/docs/Lower%20Court/112011/m4959602.pdf
http://justicecourts.maricopa.gov/FindACase/caseSearchResults.asp?lastName=Dautremont&FirstName=&DOB
He also failed at keeping/acquiring a competency license required to run a construction business.
http://www.examprep.org/arizona_contractors_license/
Meanwhile at a trailer park...
Oh yeah? I think Brad should be in a hurry to worry about the past, because he's got plenty of skeletons in the closet, and the PR on the 12th was really not that honest about his situation or past.. in addition to that there's also this:
The principal and all accrued but unpaid interest on this Note shall become due and payable immediately if any voluntary or involuntary, bankruptcy, insolvency, reorganization, receivership, assignment for the benefit of creditors or similar proceeding is commenced. At the option of the HOLDER, the principal and all accrued but unpaid interest on this Note may be declared to be due and payable immediately if the issuer engages in any liquidation, winding - up, or dissolution, or if the Issuer fails to pay any and all interest and other amounts (Including shares upon conversation agreement) owing under this Note on the date that such payment is due. A merger, reorganization, sale of all or substantially all of the assets of the Issuer or other transaction in which majority control of Issuer is transferred to non-affiliates will be treated as if a liquidation.
This Note is convertible and assignable at the option of the HOLDER, in whole or in part but in round lot increments of Ten Thousand shares or more, at any time after the date of the Note into fully paid and non-assessable Class A voting no par value common shares of the Issuer (the “Stock) with the Notice of Conversion set forth herein duly executed, at a rate equal to the applicable conversion price as set forth herein. The conversion price shall be equal to (A) the average closing bid price over the preceding five consecutive trading days prior to the date of written notice of conversion by HOLDER (in each case “Notice”),. (B) The Note HOLDER and the Maker can equally and mutually decide on the price per share at time of NOTICE. However, the HOLDER retains the right to choose between the formulated method of conversation as stated and the negotiated price prior to Shares being issued.
TSLA - An Intergalactic SpaceBoat of Light and Wonder.
Talk about a massive regular paycheck for options traders ;) That's some serious w00t material.
Meanwhile, I'll leave you guys with some humor about just how bad ass this company is.
http://theoatmeal.com/comics/tesla_model_s
Speaking of scammers, do you remember that guy Bruce Pollock tried to get people invest with that ran some gold mining business?
Well, Michael Skillern is now facing 55 years in prison. He's also a Houston guy, just like another one of Bruce Pollock's friends, Bill O'Rourke (also an indicted scammer that served a prison sentence).
http://m.ice.gov/news/releases/1403/140303tampa.htm?f=m
Seems like Bruce knows a lot of people like himself.
GESI CEO Mr. Dautremont DD, insider trading, and stock manipulation info.
His construction business has an F with the Better Business Bureau and is running the business out of a foreclosed home. Why did he get an F from the BBB? Failure to have a required competency license. At least little was known about Gordon when he was put in charge of GESI by an indicted OTC/Pinksheet pump & dump scammer in Houston. The new GESI website is full of copyright violations and the owners of the content have been notified. I do expect GESI to receive many cease & desist letters from the copyright owners legal counsels this week.
http://www.bbb.org/central-northern-western-arizona/business-reviews/contractors-general/dautremont-construction-inc-in-scottsdale-az-1000012994
http://images.angrylender.com/docs/azmcts/2014/01/28/20140056717_rdf.pdf
Read that again. He failed to get a COMPETENCY license for his LLC. How on earth does he plan to run a publicly traded company which is even more difficult to do, and is higher maintenance than an LLC? Partner up with Bruce Pollock? That's almost as bad as taking stock tips from someone in a trailer park.
http://win.azroc.gov/forms/details.asp?license=242319
http://www.eastvalleytribune.com/get_out/article_af2cb561-983d-5e50-9e72-c8eef6e3ab1c.html
This guy is getting screwed over by whoever put him in charge of GESI, just like Gordon got screwed by Bruce Pollock, who put him in charge of GESI. Thse people don't care about anything but profiting as much as they can regardless of who they throw under a bus or hurt in the process.
I'm almost 99% certain Bradley is in way over his head here and that he's being fed nothing but lies. In short, this guy is being manipulated.
Even the SEC attorney I spoke with when Gordon MacKay was discussing handing the company over to his shareholders wouldn't touch GESI due to its tremendous liabilities, and those liabilities don't go away just because someone new is in charge. This is also outlined in the legal language in the GESI PPM that was signed by former GESI CEO Gordon MacKay.
Whoever put him in charge doesn't care what happens, even if it ends up costing Bradley his marriage and life savings. They certainly didn't mind lining their pockets at the cost of the shareholders life savings.
I also happen to know that one of Bruce Pollock's associates that was actively involved and compensated by GESI is still involved and in active communication with Mr. Dautremont. This associate of his was actively involved in scamming shareholders out of hundreds of thousands of dollars of their money and worked actively with the Pollocks and their business partners during the process. This person is permanently banned from iHub and refused to get an IRP notice after being compensated by GESI. This promoter and active agent of the Pollock family is extremely unstable and anybody working with this person should proceed with EXTREME caution. The individual has actively been soliciting shareholders for money and has done so as recently as last week.
Furthermore, there's clear evidence of stock manipulation and insider trading which the authorities will love, especially since GESI will be even easier for new securities monitors for the regulators the higher up it goes or the more publicity on this site it gets. They monitor this site daily as part of their job. Its only a matter of time before GESI is halted.
INSIDER TRADING, STOCK MANIPULATION, AND SECURITIES FRAUD CHART:
The company has been dormant since August 2013, and if you think about it, its been dormant a lot longer than that. A publicly traded company that has been in the low .001's, often with no volume suddenly shoots up 200%+ and nearly hitting 0.004 on no news, filings, or substantial events? That's insider trading and coordinated efforts to commit stock manipulation. Even conspiring to do so is a big legal nightmare for those who participated.
One of those members is Bruce Pollock, who also bought SATM debt and is in possession of SATM's accounting books, who then also got involved with GESI and put Gordon into position as CEO via Craig Huffman. I also have emails with him admitting to being in possession of the accounting books.
Being on the iHub breakout list is great for the shareholders! That means even more people will come here and see all the FACTS that have been discovered about GESI's wrongful activities and how they treat investors. The regulators and authorities that view this site as part of their job to monitor securities fraud will also notice! Yay! The TX State Board of Securities Enforcement Division already does, and they work closely with other states and feds that have jurisdiction over this!
This just keeps getting better & better.
I love being a positive person!
I do, and can put you in touch with an enforcement attorney handling the investigation if you would like.
That "great news" was debunked by shareholders when they found out that the CEO operated a failed construction business with an F rating from the BBB with expired licenses, and failure to get a construction competency license, and less than 4 years experience. If you can't run a LLC, you will not be able to run a LEGIT publicly traded company. That "great news" put 850,000+ shares through GESI on PR day and it couldn't break above 0.003.
Being a positive person doesn't mean you have to ignore facts. Trading and investing smart means that you listen to facts.
Time heals? Its been over 2 years. Still waiting on GESI to deliver on what they promised, despite having a legally binding contract that opens them up to class action lawsuits. So tell me, how much more time do we have to wait before the shareholders are healed?
How high do you think the PPS would go when the class action lawsuit bankrupts the company, the feds halts the ticker, regulators hand out fines, and law enforcement make arrests? I'm not talking about local police departments. I'm talking about the FBI. This isn't a what if scenario. This is actually in progress.
Ignoring facts is a very silly way to trade.
I agree, realtalk. Cheerleading here is only contributing to the quite obvious insider trading and stock manipulation. The authorities were warned that this would happen by many shareholders. Its funny that its happening exactly as many of us told them it would months ago.
I'm taking down more names here to add to the ongoing investigation involving GESI, Gordon, Bruce, and others.
Insider trading & stock manipulation. Numbers don't lie.
Time won't make GESI's liabilities go away, or a class action lawsuit from its shareholders :)
A fella, lets call him Foghorn Leghorn, said the same thing about Bruce Pollock's involvement in GESI. Look forward and not back.
That was the stupidest bit of advice to give anybody, because Bruce Pollock screwed GESI shareholders over just like he did in the past, and in other stocks.
That's as stupid as taking stock advice from a fella living in a trailer park.
Agreed.
It looks like there's a pattern here. The same thing that happened over 2 years ago with Gordon is happening again under a new name.
Why do traders love this stock? Completely ignoring facts about the state of GESI and its new CEO?
Sad...
Traders and investors are 2 different things.
Shares outstanding = 308M? That's an increased risk of a R/S. A aeverse split will occur at some point down the road. Could be next week, could be next year, but it will happen. Even with GESI's aspirations of uplisting with $50M in funding (despite using a fake SEC accountant), they still would have had to R/S to get there.
Unless this company intends to be the next Google or Apple, a R/S will indeed happen. The more the OS goes up, so does the risk of this happening sooner rather than later.