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BTW...Nobody other than people here have ever talked about a share reduction.
cutting the stake is the equivalent of dilution.
If you give up your percent ownership of future production you impact PPS because PPS is based on future revenues. A 75% stake in $100 Million is #$75 Million but a 50% stake is only $50 Million.
If you dilute, you are diluting based on expenses incurred. Lets say that is $2.5 Million so you dilute $2,5 Million worth of stock at a discounted value.
Which one is worse is dependent on the deals.
Actually, the way I saw it, the news reported something that was not previously reported; CoreStream reported in a press release that they owned a 75% stake in this well but this last PR announced that they sold some percentage of that 75% stake (large or small is not known) to unreported third party investors. What we do know is that the 75% stake is something smaller than 75%.
will do. I am preparing my response and I was looking for this infamous "SEC counsel" he keeps referring to but never actually names.
he actually admitted to the disciplinary committee that he did not serve Sykes because after the arrest the firm had decided to withdraw from the case. Problem is, the Judge denied that request and thus they are obligated by law to represent their client to the best of their abilities. In this case the Judge said no so Heller just walked away unofficially instead of officially and he put that in writing.
when it is trading at 0.0001 there is little wiggle room to play.
Nope, sorry.
I have to make a rebuttal response to a response Alan Heller made to the NY Bar association regarding my complaint filed. in his response he spoke of being in contact with Spongetechs "SEC counsel". I am trying to figure out who exactly that is [i.e. counsel representing Spongetech in the SEC charges last January].
you should see what Heller wrote. quite amusing. He has a hard time keeping his story straight. He even accuses me of extortion before the bar for contacting him with regards to an out of court settlement on my counter-suit filed.
Does anybody here know who the SEC Counsel is for Spongetech from last January?
so how does one find out whether the O/S has changed due to all this recent activity. The last 10 filed clearly shows this company was essentially a shell with no functioning business. so how did this great oil and gas exploration materialize with no cash on hand and no revenues to generate the capital.
how much was that health and wellness really worth after looking at the 10 filed regarding it's operations?
http://sec.gov/Archives/edgar/data/1085129/000122752810000128/cei10k123109.txt
From the Consolidated financials: Total revenues for the year ending 2009 = $68,296.
Total assets = $82,061.
So how much are all these divestments really worth? The tax write-off's on the business losses are not part of what gets sold and that is the real value to these business operations.
They used to. i used to get it from them all the time.
what is the production on these 30 wells?
Do you know what the A/S or O/S is? They are not current with the State of Nevada regarding their registration so you can not trust what is listed as an A/S. Transfer Online never returned my calls/messages regarding the O/S.
CoreStream Energy will have an investor update the week of January 3, 2011 discussing major events with respect to both its past business assets and debts and its emerging oil and gas projects. The Company thanks its creditors and investors for their cooperation and support this past year. The Company will continue to keep its shareholders, its creditors and the public informed as more progress is made and news develops.
Actually, this is what they said about what information they were to release this week.
IRVING, TX -- (Marketwire) -- 12/22/10 -- CoreStream Energy, Inc. (PINKSHEETS: ZLUS) f/k/a Zealous, Inc. announced today that it has entered an agreement to sell Zealous Interactive, Inc. including its premier site, TheAdultSpot.com to a private equity group. The deal does include all of the online assets and content along with TheGreekTrader.com, a site the company has incubated over time and features over 500,000 items for sale. Further details of the deal will be disclosed during the week of January 3, 2011.
Yea, it would be interesting to know if these are the same individuals that have contacted BEDA about the trading irregularities. My bet is that they are not.
is there a CEO yet?
my wife was looking to change out the kitchen. any idea where i can look at/buy this garbage?
P/E is applied to companies with an E. There is no way to calculate a P/E on a company that loses money.
You don't get to multiples until company's are cash flow positive. You are putting a multiple here like it were Exxon. this is a barely reporting pinkie. There is no E in P/E when the company is operating at a loss.
so who has been selling 50 million shares a day?
so now you know the float? how is that? BTW PPS has nothing to do with float but O/S.
Transfer Online did not give me the O/S today. does anybody know the latest?
Because I have been lied to by corporate IR's many times. They are merely the mouthpieces to their paychecks. Kinda like a pennystock promoter - they promote what they are paid to promote. Did any IR from a penny stock fraud ever tell you a negative thing or disclose it was a fraud? Not a single one.
The jury is still out on this one IMO
you show me the laws that show where a reporting company (as this one is) does not have to file material events. Non-reporting may have that option but this is not a non-reporting company. they just filed a delinquent 10Q in August 2010.
if you ask ALL the people here you would know that nobody here trusts Ault for shit. Look at the last 10 filed to see the list of lawsuits against him for defrauding people. He is now the executive of Angel Acquisitions which in itself was nailed by the SEC for fraud.
Real answer: If they are legit yes. They have yet to prove total legitimacy in my eyes to date.
I hear Old management vs. New management. I see:
1. Expired Nevada Registration due to lack of interest/cash.
2. Securities violations relative to filing of material events.
3. Complete lack of transparency on terms of business dealings
4. Questionable relationship between Rainbolt and prior executives.
5. So far, lack of validation on CEO published education.
6. Last 10 filed represented 12/09.
and yet this company fails to disclose such material information to their shareholders. Do you think those private investors know what shareholders do not?
It is interesting that all this trust is being placed on new management when the company has failed to properly disclose the terms of the lease, disclose the terms of their lawsuit settlement, disclose the terms of the sale of assets, or disclose the terms of the partnerships entered into.
It seems that they only disclose what they want you to see and let you speculate on the rest. Rainbolt and his resume never even disclosed that he was a director of Zealous (ZLUS) since 2009 as listed in the last 10 filed.
well somebody else here reported that coreStream was financing this with partners that would either receive stock or receive a percentage of the well - which is why todays PR no longer claimed a 75% stake.
As an investor I would want to know what my cut in all this was. From all I can gather, ZLUS has nothing to bring to the party if KEPCO was a Rainbolt company outside the scope of Corestream previously.
Until June, CoreStream was merely Zealous and Zealous was a failed company under several subsidiaries under bankruptcy or near bankruptcy. They likewise had a list of open lawsuits longer than most arms. Rainbolt was a director of that company.
was there a reverse merger into another company that was not publicly announced? I see no way they acquired all this property with no revenues from prior operations and a significant amount of legal liabilities.
Read the last 10 filed and explain how all this happened without dilution and without cash on hand. Since Rainbolt was a director of Zealous before the takeover,why didn't this access to capital come back then?
Do you discount any of this based on ownership and investor involvement?
I assume these assessments are all based on 100% ownership and we know that they own less than 100% on this well and their investors will either get their profits in percentage ownership or in shares (dilution) reducing the PPS vale either way.
did i call you a liar as you have called me? Nope.
Thank you for verifying the info I received. I was asked by an investor to look for Chris under the name John. I was looking for Chris Pryor Rainbolt and offered up Pryor as an alternative to records. I now understand that the CEO is John Christopher Rainbolt. when speaking to her she seemed to insinuate that there were no Rainbolts in the timeframe offered but I could have misinterpreted he response based on her first response.
Potential over O/S and growth of O/S. Do you know the O/S structure and what was given up for this lease? I was looking for it in a public filing but it has not been reported.
I doubt it unless you spoke to a different person than I. The nice lady I spoke to stated that there was a very tight leash on what they could say legally about this issue to investors. All she would say is that Kepco operating and Corestream did have relationship on a permitted site as I reported last night.
tell me, if the company could not define their percentage (per their PR) how do you have it?
I believe you said the same elsewhere - was it SAEI or CYCA
My bet is that it was in part people who hate to hold pennies over a weekend but it was also the language in the PR.
The PR clearly insinuates that the ZLUS stake in this endeavor is less than the previously reported 75% based on what is owed to the other undisclosed investors. I guess you have to wait until the end of the month before you know what percentage goes to ZLUS.
investors are never the first in line for anything. The system views investors as - invest at your own risk unfortunately.
If the SEC recovered money in an enforcement a portion could go to investors based on what it was recovered.
lets talk facts, you are investor here because......? Opportunity in a growing business? Has their BUSINESS grown? Do you see that the investments and the direction they have taken have been positive to the balance sheet (dormant TMH).
Look up Rhodes - no great success story there.
The reason this company is not folded up and gone is because as long as graham keeps it alive he gets a paycheck paid for by shareholders. If you have evidence that there is more to it, feel free to show it. Certainly doesn't show up in any financials filed.
Because they announced they were under investigation. If at the conclusion of an investigation there are no findings of fault a REAL company lets their shareholders know that the investigation concluded without a finding.
Regardless of where the stock itself is, where are the REVENUES? Where is the income from this great acquisition in TMH? You know, that $2 Million revenue business? Where is all the revenue claimed to be coming from the health care reform program?
BEDA is trading where it is because they have been a completely failed business since day one and they (yes Graham) abused the share structure of a public company. HE created the TA that HE now claims defrauded him. That TA did this business for one company and one company alone - BEDA. That TA's second phone line was a number paid for by BEDA.
lets face it a year later and this company, and the performance of this company, is exactly where it was before - nowhere because it never was a company with growth. PERIOD!
any CEO yet?