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BREAKING NEWS: GCEI FINALLY INVESTIGATING DAMAGE DONE TO COMPANY
This just in! GCEI is investigating claims it may have for "damage" to the company!
Oh wait, it's dated September 16, 2014... ?
But that was three years ago?
Is that right?
That can't be right?
How could they have spent three years or more doing this if they believe people are out there actively damaging the company? Has GCEI been derelict in its duties to shareholders by allowing damage to the company to continue unabated for three years?
Must be some case to take three years to find an attorney to sue! Everyone knows how hard it is to file a lawsuit!
http://www.otcmarkets.com/stock/GCEI/news?id=88052
Global Clean Energy, Inc. Management Update
Sep 17, 2014
OTC Disclosure & News Service
Humble, TX -
HOUSTON, TX, September 17, 2014; Global Clean Energy, Inc. (OTC PINK: GCEI) is updating its shareholders as to recent events regarding its Chief Financial Officer and Founder.
On September 16, 2014, Kenneth Adessky, a director and Chief Financial Officer of Global Clean Energy, was notified that a stay of the suspension of his license pending appeal was granted by the Court of Quebec. Mr. Adessky has been reinstated to practice law in Quebec. Global Clean Energy has again amended its 2nd Quarter statement to reflect the decision of the Court of Quebec in response to the judgment of a Disciplinary Committee of the Bar of Quebec.
The board of directors of Global Clean Energy has and will continue to support Mr. Adessky and confirms that the claim against him was without merit and his handling of the matter was in the highest regard for his fiduciary responsibility.
Earl Azimov, President and CEO stated, We are extremely pleased with the judgment and are looking into the damage which certain parties have attempted to inflict on our company. We have never as a board doubted the integrity of Ken or his interests in building value for our shareholders.
Global Clean Energy, Inc. is a waste-to-energy conversion solutions company, focusing on using available and developing technologies to convert waste into commercially viable energy, a process the company refers to as Reforming Environmental Salvage into Clean Usable Energy (R.E.S.C.U.E.). GCE is the industry's most diversified aggregator and system integrator bringing solutions to the plastics, rubber, anaerobic digestion and platinum group metals recovery industries. GCE focuses on existing technologies with a track record to provide its feedstock network with reliable solutions.
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.
Someone should go back and look at how long GCEI has been "investigating" lawsuits.
Putting aside that they appear to just be making this stuff upon, even assuming they did a REIT, its the REIT that would have $30-50 million of value, not GCEI. Do you not know how REITs work, buddy?
This thing has scam written all over it. They have failed to produce a single promised development.
LOL. We are already past the midpoint of the third quarter. GCEI is now so brazen in lying to shareholders that it is putting out statements that are already untrue when made.
Does OTC have a stop sign up for GCEI yet?
Seems right especially with how friendly the new administration is to clean energy LOL too funny
WHAT ARE EVERYONE'S PREDICTIONS FOR THE FILING?
My prediction is they have shown no progress on anything and it's just more promises
Lol 7 calendar days late. They are out of compliance
I am saying it right now. They will never sue anyone. If they did, they'd have to produce all of their business records and be deposed under oath. Then their scam would be revealed.
Hey glens why is GCEI delinquent in filing its quarterly report?
The LATE report is due today. Will GCEI blow it again? Can't be good news. No one releases good news on a Friday!
No news in months.
Quarterly report late and overdue.
No assets.
Huge liabilities.
No business.
Huge dilution.
No patents.
Things are look good indeed!!!!!!
Agreed. No one would short a sub penny stock like this. Exposure to limitless losses in exchange for the opportunity to make 0.003 at most. No one would make that trade.
This is gonna get ugly
Funny too that they still want to file it even later than five calendar days late. Five calendar days after 8/14 is 8/19 but they are trying to give themselves to 8/20. What a gong show.
Must be really good news if it's late!!
Another late filing!!
Close of business is upon us. The report is due. Where is GCEI?
The report is due today but nothing posted yet. Will GCEI be late yet again?
LOL. That's a bot-generated article. LOL
Indeed. Why would anyone buy a stock where even its biggest supporters cannot say what to expect?
1jk1 - Have you given any thought to my questions? Should shareholders being suing GCEI for letting damage occur?
Unwillingnsss or inability to set any expectations for GCEI says a lot about what we should expect in the report.
I think Steve Mann has, you should ask him.
1jk1 - I am still waiting for a response to my question. You seem to have insight into the company's thinking on lawsuits. Can you explain why they would wait 9 years if they have good claims? Also is GCEI to blame for not filing a lawsuit earlier? If there really is damage being done to the company, shouldn't GCEI have sued long ago for an injunction stopping people from continuing to damage the company? In that vein, should shareholders be considering lawsuits against GCEI's board and management for failing to stop the alleged harm at the earliest possible date? They have stated that this has been going on since 2008 and they have evidence to bring claims, yet they've done nothing. Seems like shareholders may have a good corporate waste or negligence claim against the people running GCEI. What are your thoughts? TIA for your response!!!
Hey jk-- why is it taking the company 9 years to file a lawsuit? Seems like GCEI management is not very diligent. Or maybe they are having a hard time finding an attorney stupid enough to take their bullshit case.
Lol 1,000 shares traded at 0.0052. A $5.20 trade. Really heating up!!!
What, pray tell, "should" the filing say?
Surely! No one would ever paint the tape in a penny stock on light volume!!!
Why hasn't GCEI filed its quarterly report? Does it take that long to add up all the big fat zeros in their balance sheet? Zero assets, zero patents, zero contracts.
Love how GCEI has been radio silent despite promising updates and you are taking it as a good sign.
What's is your move if and when the quarterly report is more of the same?
Is GCEI still in business or are they fully defunct?
Nobody is making money on this stock except the insiders running the scam.
Basis for your statement ??
Where is the news?
What happened to the daily predictions of imminent news?
Things are really looking down for GCEI when GCEI shareholders resort to shoot the messenger tactics because they no longer can defend GCEI.
Can any GCEI shareholder give us their realistic, objective take on the state of GCEI?
Getreal,
Are you concerned that the number of shares sold over the past few months is roughly equal to the number of new shares management issued to themselves? Doesn't it seem like they are unloading their free shares?
TIA.