OMO, are you saying the amounts below were issued in preferred stock?

While I don’t think it’s game over, it sure looks like it’s close. I’m still holding out hope for a functional DGU at some point. I’m puzzled as to why Richard would Tweet what he did, and put verbiage in a presentation that implies the DGU is finished and in production. That presentation will live forever on the Internet. Richard is obviously a smart guy. I find it hard to believe he would purposely lie in a document that is available via a simple Google search. Of course, I don’t know the man, and I’m assuming he has a conscience. I haven’t found anything (yet) to prove otherwise, other than these questionable actions he’s taken with Cirque.

Two things really bug me about the way this transpired.

First, no communication from Roger to the shareholders. No phone calls or emails answered or even acknowledged, no blog post updates, etc. Does he even realize he’s the CEO of a public company?

Second, Roger and Richard were taking a salary of ~21k per month, and once additional funding was unavailable Richard jumped ship. Has anyone here been part of a startup? I have. It wasn’t a public company, so we couldn’t tap the equity market. I (and others in the company) took the bare minimum each month for salary, and put all that we could into building the business. The plan was to take the minimum today, in hopes of taking much more in the future. It appears that R and R did the opposite…take a fairly hefty monthly salary for as long as they could find someone to give them money, then when no one will give it to them, find another job. At least it appears Richard did that, who the heck knows what Roger even does since we never hear anything from him. The one thing I know is that he took that salary for 3+ years.

I still have shares that I bought over 3 years ago that I’m way underwater on, so please, hold the idiotic IHub it’s obvious you’re “a basher/a paid basher/have ulterior motives/a short/working for the shorts” comments.

All IMHO.

According to the filings they were indeed getting paid a salary, unless I'm reading it wrong.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119920469

How do you know this Iceman?

They indeed have accrued salary (which is laudable), but they have also paid themselves in cash (according to the latest 10-Q).

It's all part of the CRQE mystery. $3 in the bank, phone doesn't work, no shareholder updates, etc. VS. verified partnership with NOC, recent Fosgitt presentation implying the DGU is near completion, encouraging Fosgitt tweet, etc.

Quite a mystery it is. Good thing is that someday we'll know the truth.

ALL IMHO.

Thanks OMO. I misread the Reg D doc. I thought that the company would have to produce filings only if the offering was greater than 7.5 million. That is incorrect. Appreciate the explanation. GLTA.

O/S increased dramatically since yesterday. At least we can look at the latest filing and figure out who is converting, and approximately when they will be done. Question...do people want to know this information or should I just keep it to myself?

As of 1/15/16 1:54 pm, CIRQUE ENERGY shows an I&O of 361,420,617.

As of 1/14/16 1:45 pm, CRQE.PK shows an I&O of 344,717,897.

O/S increased since yesterday (but not much, and certainly not worth much money at these prices):

As of 1/14/16 1:45 pm, CRQE.PK shows an I&O of 344,717,897.

'learningthetruth' said:

Thanks for sharing E... O/S still remains UNCHANGED TODAY.

just confirmed. 343,709,019.

My, how things have changed since the passing of Joe. Joe always either took my call or called me back to talk. Now the main phone number is out of service. How sad.

I have a number for David Morgan but I don't want to put it on a public message board. If you want it, give me an email address and I'll send it to you.

OMO, I don't see any evidence that the shares were issued under Reg D (there are no Reg D filings). However, there has to be some reason that Union Capital and Odyssey Research made them file.

The OTC short report doesn't indicate the actual short interest BBB. The short interest here is nil. Ask OMO about the viability of shorting penny stocks, it looks like he has looked into it. GLTA.

All IMO.

Thanks for the laughs BBB. Good luck to us and everyone else who has invested their hard earned money in this management team.

RIP David Bowie. Saw him in 1983 and he put on a great show. A real showman and innovator.

ALL IMO.

Of course not.

I didn't read it that way Bemis, but I could be wrong. I will read it again this weekend.

cero9, IMO prudent businessmen would have negotiated payment alternatives with Porter, LeVay & Rose for the money rightfully owed to them. It is not prudent, especially with the public/private relationship, to go to court with anyone.

I agree that this has been a great ticker to make money on the last 2 years. I don't believe for a minute that management is working for its shareholders.

The salaries are on page 11 of the latest 10-q, below the section that includes accrued salary and wages.

Sorry, should have added IMO. Out of curiosity, what do you think I was lying about?

Looks like it's a share conversion day today. Have to meet the payroll of ~$55,000/month somehow I guess...the clowns have to feed their families.

Hoping there is indeed actual work going on under the umbrella of the private company. They better be able to generate revenue fairly soon, because even shylocks like JMJ and Adar Bays won't lend to them if their share price gets too low.

Just when I thought these clowns couldn't get more unprofessional, they get sued by their old PR company for not paying them. I guess it wasn't a 'calculated and strategic decision' to 'bring PR back in house' huh? One of the clowns just didn't pay the bill. I guess there wasn't money to pay it. Oh, but everyone has gotten their salaries though. Those have never been in jeopardy. ~$21,500/month for Roger and Richard. And they're so busy working that the head clown can't even find the time to update shareholders. Amazing.

dwms07 - if you don't mind me asking, what service do you get your level 3 from? Thanks.

Not prying, and careful not to badger. Should this stellar management team be reminded they are running a public company, and should at least make an occasional effort to acknowledge and/or update shareholders? Don't believe for a second that all of their projects are under such strict NDA's that they can't mention, even in a vague way, what they are working on.

Thanks for the info valleyview. Can you let me know who at Cirque you contacted? I have contacted everyone whose email address and phone number I can find, but haven't gotten any responses recently (last 3-4 months or so). I've spoken with Mr. Morgan in the past, but have not gotten a return call/email recently either. Thanks.

dwms07 wrote:

Yes... if there is global collapse, the book value is still $9.62! This is preposterous.

THINK SHORT SQUEEZE. Believing in a short squeeze here is also preposterous.

Today is the day! Maybe, but if it isn't, this still looks like a good long term bet.

GLTY

Two things I always got a kick out of regarding this picture. First, you can see the top of what appears to be a slot where you can put money into the converted skill crane game...sorry, I mean hydrogen fuel cell. Second, it looks like a tube is coming out of the game/cell and it's connected to the guy in the blue shirts um, swim suit area. I always wondered if that was for input or output.

Shorts are irrelevant to a company that executes.

Truer words have never been spoken, Hugodrax.

It’s unlikely they are under an agreement for all of their projects that includes a stipulation that they can’t say anything at all about them. Possible, but unlikely.

A simple blog post update saying they are still working on the projects and will announce updates when possible would end needless (and possibly incorrect) speculation about their activities. I’d rather see a blog post vs. a PR since I think PR’s should be used only when there is something definitive to announce. And they cost money, where a blog post is free. Yes, PR's are more formal, but it seems bush league to PR a 'shareholder update'.

Good luck to all.

While I appreciate the dialog with Mr. Fosgitt, it's time for an update from the company. The agreement with NG terminated on 11/14. Yes, it's possible that it's continuing, "if still under consideration by NG senior management". It's also possible that it has been terminated with an unfavorable outcome.

Instead of letting the shareholders speculate, the company should provide an update. It doesn't even have to be detailed, just something to let the shareholders know how the plans are progressing. A simple blog post would suffice.

It's time for Cirque to act like like the public company that it is.

Silly IHub for sure. My broker was pounding the table for FONR at 10 and below. I'm glad I listened. He believes it's going much higher. We shall see.

11 million market cap? Should probably post correct information, don't you think?

Thanks guys. I'm not in the habit of checking otcmarkets. Appreciate the information.

Anyone able to get a current share count from David Morgan? After he instructed the TA to not give out the information any longer, he was quick to respond to my emails. I've sent him 3 in the last week and a half he has not responded to. I don't want to badger him, but it is important information and should be readily available.

Firmer CEO? lol is right. Have a good weekend hatexxii.

How's that's for progression and spelin

Pretty much what I expected.

It's here:

http://www.gasification.org/events/2015-gasification-technologies-conference/2015-conference-program/

It's encouraging that Mr. Fosgitt is presenting and representing Cirque. It's not encouraging that Mr. Morgan is not returning emails/calls, and is late on filings. And yes, he has returned emails/calls in the past, and no, I'm not badgering him.

A short blog update would be helpful, and it's not hard or very time consuming to do.

November is quickly approaching. At least we'll know where we stand with NOC by the end of November, which will also shed light on the future (or lack of future) with the DGU's.

Add to that list that the transfer agent isn't allowed to give out the share count anymore. Someone want to put a positive spin on that?

These guys are running out of time with NOC. November is approaching quickly.

"The outstanding balance for Green Energy Renewable Solutions is 255,098,531 as of 5/22/15 10:22am" per Melissa at Corporate Stock Transfer.

The math is interesting ghostinthemirror.

190k/25m = .0076. .0076 is 30% of .0253 It seems management thinks the share price will be .0253 by 7/10, or they think they'll have the cash to pay back Mr. Morris by 7/15.

I was wrong about management taking money from the notes as salary, they are accruing salaries per the 10-k and 8-k. This is laudable and encouraging. They took some class B stock as consideration for accrued salary. Much better than using note money.

Very sorry to read about Joe DuRant's passing on. I talked to him twice, and he seemed like a straight shooter. Thoughts and prayers to his friends and family. RIP Joe.

GLTA. Seems like EWRL is close.

ben123456 said:

Why isn't there more open exchanges on both sides?

Because this is IHub. Open exchanges that discuss both pros and cons don't happen on IHub. Real analysis and research happens on private boards and emails between people who welcome open exchanges...not on IHub.

Not that it matters, but I'm long ANY. GLTY.

From the 10k:

For the year ended December 31, 2014, the primary contributors to the net loss of $3,600,619 were executive and directors’ compensation of $1,120,202

I haven't had time to look through all of the 10k yet. The DGU's better come to market soon, these guys need to start making money.