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BUT BUT.... they are “cautiously optimistic the project will be funded”. LOL!!
That is an exact quote from their last update. They haven’t managed to get one thing done in over 11 years and even stopped filing reports, but people think some sort of miracle is coming by the way of funding.
He starts his so called update with “By contrast”. By contrast to what? The beginning makes zero sense as does the rest of that badly written garbage.
Yet they continue to sucker people in and spam multiple stock boards daily with “GCEI ALERTS”.
Running out of words to describe this scam.
TBLT launches on Amazon!
LAKE FOREST, CA / ACCESSWIRE / April 15, 2019 / ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), a designer, manufacturer and distributor of innovative tools and accessories to the building industry, today announced it has achieved a key step in the implementation of its global online and e-commerce marketing strategy through the launch of its Amazon online storefront. ToughBuilt has also qualified as an Amazon Prime partner, which means its products are eligible for free shipping, including unlimited free two-day shipping for Amazon Prime members.
Canada imposed a CTO because it’s a worthless shell company and they don’t even do the bare minimum to meet requirements. So all Canadian investors, including myself are stuck with shares that are completely worthless. Just like yours will be soon when it’s delisted. But it’s your money, so good luck to you.
Yeah they did have me brainwashed for a while too. It’s heading to greys and delisting, but enjoy penny flipping in the meantime. Not ONE deal closed in 11 years and massive dilution, 100% scam.
*their. In 4 years you haven’t learned the difference between there and their. Everyone should do THEIR own DD. And yes they absolutely should, because then they would actually understand the scams Renken, Bentivoglio and buddies are running.
Can you please send me the name of the person at FINRA you’ve been talking to and contact info? Between GCEI, ECGI, and STNN their scam shell companies are no longer amusing.
Except for the fact that NONE of it is actually true. Read past PRs and company updates for the past 10 years and see for yourself what they have accomplished so far. Dilution and a Cease Trade Order. Look at the number of shares outstanding. They have ZERO income.
There are literally millions of other companies out there you can invest in that are NOT scams unlike this one.
Have you taken a look at their financials? The insane number of shares outstanding and how much cash they actually have? None. In over 11 years they haven’t made one penny. Zero income and not one thing accomplished. They can’t even manage to file the appropriate paperwork. It stays afloat purely on bs PRs, hence OTC PINK with shell company warning. But good luck to you!
Renken and his lackey somehow pushed volume to 1.9M and drove price up by 23%? Craziest thing I’ve seen in a long time. Watch all the suckers that will jump on board. Can’t fix stupid.
Good to hear from you again! This will not trade in Canada again and we can’t even use it as a tax loss since it still trades in the US. For sure it’s good to see green in the account, but let’s face it - that money has been dead for 4 years.
I’m fed up with the constant lies and decided to actually do something about it, so I am looking into the process.
My email is still the same, I’ll try to see if I still have yours!
You call it ATM I call it scam... adds up to the same thing. They put out one PR after another and it never amounts to anything. Even the PRs are getting sloppy, with the last one I stopped reading after the second “tremendous” because it was so badly written. They need to answer to their shareholders about the CTO. I’m putting together a package with all the past info and emails I have, and filing an official complaint with FINRA and OTC markets as well. Might not get me anywhere but eventually someone will put a stop to Renken’s games. He belongs in jail, along with the rest of them.
Your link is broken. As it happens that article was in my local newspaper here in Halifax and I remember it well. It was in 2013 and it never came to anything just like all the other misleading PRs GCEI has released.
You just sent me a broken link that goes nowhere. Just about sums up GCEI.
Can anyone on this board show me one deal GCEI has completed in the last 11 years? Anything positive they have accomplished other than massive dilution and a Cease Trade Order in Canada?
Anyone? Anything? No I didn’t think so. But sure keep dumping your money into it.
My pile of emails go back to 2014. When he promised that they would file all paperwork necessary going all the way back to 2011 to resolve the Cease Trade Order. Here we are 5 years later, nothing filed, not one deal closed, absolutely nothing accomplished. He said he had a team of accountants/auditors. Complete joke.
Hey back!! :) Awesome to hear from you!! It’s been years and I stopped checking on this ages ago because really... what’s the point?! It’s just one lie after another from IR, and investors are stuck with this garbage since it was banned in Canada.
This is the last I heard from Renken, a year and a half ago:
From: rlrenken61@aol.com
Date: October 30, 2017 at 1:52:16 PM ADT
To: kat
Subject: Re: Global Clean Response
Sorry to be so slow in answering you. Brian is no longer with the company, and i hope our audit army is still alive. We are aiming for the GAAP and IFR audits to be completed by the end of the year, don't even ask the years of fighting to get back to fully reporting status. We are current on a non audit basis where you can look at our annuals and quarterly which will be replaced by the audits. After GAAP audits the company will file a Form 10 for reinstatement as a fully reporting company. The projects in our news release and management discussion are still in progress, 10 years and believe or not we are almost there which i thought two years ago, if you have any questions which you would like to discuss all our numbers are the same. investor relations 713-852-7474. I know it sounds stupid but hang in. rr
As you can tell it was pure garbage and I am just fed up. In over 4 years they couldn’t get their act together and file the appropriate paperwork to resolve the CTO?? I do still have the contact info for a lot of people but haven’t been in touch... if anyone is interested in legal action for sure we could look into it! Hope you are doing great!!
You can try calling FINRA's Operations Department at 866-776-0800 and report this for the scam that it is. Blacklisted in Canada for over 4 years , but they are still scamming people in the US. Time to wake up people!
Good one Danny :)
To be clear this company has accomplished absolutely nothing over the past 10 years. Not one deal finalized. How they continue to sucker people in is beyond me. Nothing but a shell company.
O R thanks for the message. I do not have pm but please inbox me your email address. Thanks.
Hey Danny, I got so fed up with the misinformation and complete disregard for Canadian shareholders that I stopped following this board last year. 2 and a half years to get paperwork straightened out is pretty much laughable.... What happened to the army of auditors and lawyers involved? Ridiculous.
I'm not sure how much (if any) to believe regarding these recent PRs. Not one deal finalized in the last 5 years, not one penny of revenue. Nice of them to keep trying I suppose?
Hope you are having a good summer!!
Does anyone have information on the Canadian CTO?? Has management done anything productive to resolve the cease trade order that's been in effect for over 2 years? If you have any insight/info please post. Thanks.
Where does your number for floating shares come from?
You are kidding, right? That PR is now almost a year old, with ZERO recent information available. The only "news" is additional defaults. Since you are the "GCEI info guy" how about posting something useful for a change?
Lol JFB... if I let every fruitcake get under my skin I'd never make it at work...even for a day.
No, the AMF doesn't have them by the balls, why on earth would they even care? They need proper filings and that is all. As far as I know a team of auditors in Montreal has now finished reviewing 2012 and 2013, and it has been submitted. 2014 to follow shortly. Like you say there is processing time and even after submission it will still take some time. It's been almost an entire year for the CTO and no one is impressed. Still... nothing to do but wait.
First off, I fail to realize absolutely nothing, and have never ever blamed anyone else for my decisions. Since my position in GCE is tiny, and I mean really really tiny, it would be a stretch to call it a "misfortune". I've done my own research and made my own conclusions like many others here. If I did lose every penny, I still would not spend every day on this board like you and your buddy tacky, whining constantly. Is there even a possibility of you two finding a new hobby? You post the same thing over and over and over and over and over and over and over.... I'm assuming you get the point. No one cares. You desperately need to take your own advice and move on. Don't you have a family or friends you could spend time with? Or another occupation???
Thank you for your repeated "warnings". They are about as useful as our favourite pumper's redundant posts. But let me thank you AGAIN for your continued public service announcements, and your genuine concern for all the "longs" as you like to call them. I always say that sarcasm is the lowest form of wit, sadly I sometimes sink to your level. Let's stick to our former agreement and not interact.
Hope you enjoyed the random links. Never mind the actual questions you addressed to our self-professed "GCEI Info Guy". Strangely he never has any answers, but responds with an overload of useless links to completely irrelevant junk. Funny or maddening??
Annual report filed today: http://www.otcmarkets.com/stock/GCEI/filings
Float is 15.3623M as listed by RBC. I was told by IR that this figure is incorrect but they haven't bothered to update it.
Glad we are all friends again :) Blatantly demonstrating only that there is more than one way to get answers. Since IR is silent why not try a different approach? Did the exact same thing with Seneca and told the board the deal was dead. IR didn't have the courtesy to let us know last time, so why not check for myself now? Easier. Faster. Consequences? Maybe I no longer care. They can easily just tell me that they are under a confidentiality agreement and I'll be perfectly fine with that.
JFB has anyone to your knowledge tried to call the target company? Might just be a whole lot easier to get an answer out of them instead of IR who suddenly seems to have become deaf and mute all at the same time...
Just wondering if it might be easier just to call them to see what's up?
You have got to be kidding me. Never mind the completely random links, now another "rock and roll insert whatever month here...." Are you sure you at least got the year right this time? Is it an early April fools joke? Cause it's getting pretty tiresome.
Great news, thanks for posting. Sounds like there has been quite a bit of progress on many fronts. I'm pretty sure no one here expected any major developments over the holidays, so the late January closing date seems a lot more realistic.
The same goes for the CTO, since none of our government/financial agencies really work here in Canada between Christmas and the new year (trust me, I work for them and it's a ghost town), I'd expect to see the CTO resolved sometime in late January as well. Hopefully no later.
Overall, I think it's a fantastic update; for once it's actually realistic and contains substance.
Agreed, RBC is certainly not the authority. But they don't simply just invent numbers out of thin air for their own amusement.
Float on May 20, 2014 was 24.3803M
Float on June 2, 2014 was 20.3623M
Float today is 15.3623M
I am just looking for an explanation for the decrease. How does this happen?
Agreed OMD, my point was just that if there is a 72% drop in share price, usually you would expect to see some kind of input from the company. An update of some kind... but with GCE it's nothing but silence. It's frustrating to say the least.
Since I'm at a loss as to why the float would be 5 million less, can you explain it to me? How does that happen? Companies do buy back shares from the open market... but why would GCE do that when they just increased the A/S? What am I missing??
Yeah that's correct... just confirmed it at RBC. Float at 15.3623M... Decreased as in company insiders picking up shares on the open market for dirt cheap?? That hardly seems fair, though it does explain the silence. The more it falls the cheaper it gets to pick them up... Sure hope I'm misunderstanding all this because it seems awfully sketchy! Someone correct me please!
If you would have properly read my original post, you would have realized that is exactly what I was asking for. An updated "forward-looking statement". That's all I was asking for and not because they are legally obligated; believe me they are not, but to provide an update to show some goodwill towards their shareholders. It's nice to see that they have finished the SEDAR filings, but a management update is long overdue.
Either way, wishing everyone on this board including you a Merry Christmas and hopefully a good New Year.
I have read some of your posts and I do not share your opinions in general. Also, I believe you are wrong, as a pink listed company they are not obliged to correct prior press releases. Every single one of their PRs is followed by a safe harbor statement, specifically stating that they are merely forward looking releases as is common practice for all publicly traded companies.
Statements in this release may be regarded, in certain instances, as "forward-looking statements" pursuant to certain sections of the Securities Act 1933 and the Securities Exchange Act 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties, which could cause actual results or events to differ materially from those currently anticipated, including, but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting Global Clean Energy, Inc. and its business. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein. Global Clean Energy Inc. will not republish revised forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
That's great. However that tweet is over 2 months old. I find it curious that there is absolutely no response, no updates from management with regards to the fact that GCE's stock has dropped by 72% over the last 3 months. CTO has been in effect for almost 7 months. I'm pretty sure I speak for (almost) everyone on this board when I say that this is no way to run a business. Maybe an open letter to shareholders, or any kind of an update would be appropriate.