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No not getting squeezed at all, my point was the manipulated penny stocks and trend analysis do not mix. Enjoy the quick rise, but ask yourself what is going on? who is buying?? who is selling?? Why the sudden increase?? May be a pump coming, but still the CEO is late on his filings, still a cease trade order in Canada, Supposedly sold the plant, got suckered into a deal which fell through with diversified ie phoenix, still has not one, not one PR that has come true that can be verified. So why the sudden increase? Manipulation or a soon to be pump, either way someone wants to increase the price to get others to think "something is going on" so they buy more so those that bought now can dump there shares at a huge profit. NO news from the company, no product, no reports, no sales, no plant, no rent, no money, no reason for the last few days. Yes I said it would plummet today, so I missed it by a day or so, just wait and see.
You and others should already know that the formulas used by market club and others do NOT work with penny stocks. Yesterday I'm sure it said down trend due to the drop, today it will say uptrend because of the manipulation. After tomorrows plummet it will change to down trend. Trend analysis only works with the large, steady companies that trade on the major market boards. Just look at any stock that was a pump and dump and you'll see the trend reports mean nothing, and are a trailing indicator as it only sees what happened yesterday.
Let's take a look at the two statements: Wonder who's lying. Was it signed or not??
From CPOW's PR:
September 8, 2011 - Regina, Canada - Clean Power Concepts Inc. (listed as CPOW on the OTCQB) ("Clean Power" or the "Company") is pleased to announce that it has signed a favorable long-term feedstock agreement with Ashcroft Diversified Bio Oil Inc. ("DBO") of British Columbia to supply the Company with crude canola oil for the manufacturing of its successful MOPO brand of eco-lubricants and fuel conditioners.
And now Ashcrofts PR:
Although CPOW had previously announced an LOI wherein the Company contemplated providing a limited supply of crude canola oil to CPOW, this proposed LOI has been terminated and no formal or informal off-take agreement between the Company and CPOW has been signed.
CPOW's Latest: Unfortunately not from the CEO, of course who expects anything but positive, yet unsubstantiated PR's from Shenher? So all who are interested read below and ask yourself, "now what"?
http://www.prnewswire.com/news-releases/ashcroft-diversified-bio-oil-inc-ceases-all-associations-with-clean-power-concepts-inc-132661998.html
Ashcroft Diversified Bio-Oil Inc. Ceases All Associations With Clean Power Concepts Inc.
ASHCROFT, British Columbia, Oct. 26, 2011 /PRNewswire-iReach/ -- Ashcroft Diversified Bio-Oil Inc ("Diversified Bio-Oil" or the "Company") wishes to clarify and correct certain statements that have been published regarding its association with Clean Power Concepts Inc. ("CPOW").
Neither Ashcroft Diversified Bio-Oil Inc., nor any employee or related business entities are in any capacity associated with CPOW, Michael Shenher or any members of CPOW's staff. Although CPOW had previously announced an LOI wherein the Company contemplated providing a limited supply of crude canola oil to CPOW, this proposed LOI has been terminated and no formal or informal off-take agreement between the Company and CPOW has been signed. Ashcroft Diversified Bio-Oil Inc. has no intention at any time to enter into any form of business relationship with CPOW.
Andrew Mckinnon, CEO of ADB calls CPOW a wreck and CPOW can't be saved: See article below, this answers a few questions.
http://www.vancouversun.com/story_print.html?id=5591782
Ashcroft seed stock deal is risky business
By David Baines, Vancouver SunOctober 22, 2011
As I have noted many times before, seed stock deals are risky business.
They are alluring because they offer the opportunity to for early investors to get in on the ground floor, while the company is in its formative stages, and cash out at much higher prices when the company goes public.
The risk is that the company will never go public, and the shares will be essentially worthless. Also, these sorts of companies are not obliged to provide financial statements or other disclosure documents, so seed shareholders often have no idea what happened to their money.
Ashcroft Diversified Bio-Oil Inc., which was incorporated just two months ago, is promoting the sale of seed shares. It held a meeting in Ashcroft on Oct. 6 and about 40 people attended.
At the meeting, company founder and president Andrew R. McKinnon described how the company is planning to build a $6-million canola seedcrushing plant in Ashcroft.
He said the company would initially sell $500,000 worth of seed shares at 15 cents each, then a further $4.5 million worth of shares at 35 cents each. Within a year, the company would go public on the Canadian National Stock Exchange.
Construction would start within weeks and operations would commence early next year. The plant would generate $94 million in gross revenues and $9.3 million in gross profits during the first year alone.
In an interview with the Kamloops Daily News, McKinnon acknowledged that the timetable is "really aggressive," but a lot of the groundwork had already been done.
It must have sounded attractive to those in attendance, but I have discovered some worrisome background information.
In his PowerPoint presentation, McKinnon noted that the company has a letter of intent from a Regina company, Clean Power Concepts Inc., to buy the canola oil it produces.
Clean Power is headed by Regina businessman Michael Shenher. He is also listed as chief operating officer of the Ashcroft company. This is worrisome because he has a history of promising much and delivering little. In April 2008, he and associate Troy Metz announced their company, Canadian Green Fuels Inc., would build a $50-million biofuel plant - the largest in Canada - near McLean, Sask. It would produce up to 200 million litres of biodiesel per year, and generate $300 million in gross revenues per year.
The plant was never built, however. Then in June 2009, the U.S. Securities and Exchange Commission accused Metz of defrauding investors in an unrelated bulletin board company, Prime Time Group Inc., by issuing false and misleading press releases. Without admitting or denying the allegations, he settled the matter by agreeing to a five-year ban from the U.S. penny stock market.
Canadian Green Fuels changed its name to General Bio Energy Inc. and in February 2010, it went public on the bulletin board through a merger with a made-in-Vancouver shell company. The shell company then changed it name to Clean Power. Shenher became president, but Metz was not listed in any capacity. (There is no indication he is still involved with the company.)
Financial statements show the company was a basket case. During the year ended April 30, 2010, total revenues were only $372,628 and the net loss $573,761. The company's working capital deficit was well over $1 million.
But Shenher had all sorts of big announcements. On Dec. 27, 2010, he announced that Clean Power had signed a letter of intent to supply the Chongqing Grain Group Ltd. of China with crude canola oil. He said this would potentially generate more than $400 million US in sales over the next 10 years.
This news was heavily promoted by Internet tout services such as Pennystocksuniverse.com and Awesomepennystocks.com, and the share price rocketed from a nickel to 45 cents on heavy volume.
This alarmed the B.C. Securities Commission. Since Clean Power had been created from a Vancouver shell company, it was classified as a reporting issuer in B.C. and, therefore, under BCSC jurisdiction.
Starting on Jan, 14, the commission issued four temporary trading halts and cease trade orders against the company, mainly for disclosure deficiencies, but also because of circumstances "that could result in other than an orderly trading of Clean Power's securities," which is usually a reference to dubious stock touting activities.
The stock has since slumped to two cents, and the company has continued to underperform. During the year ending April 30, sales more than doubled to $909,728, but the net loss also increased fivefold to $2.9 million.
In August, Shenher hired Phoenix Alliance Corp., a B.C. financial advisory firm, to advise the company on a corporate restructuring plan. The principal of Phoenix is Andrew McKinnon, who is now pitching the Ashcroft bio-oil deal.
The following month, Shenher had good news. He announced that Clean Power would buy canola oil from Ashcroft Diversified, starting in January at 5,500 litres per month and increasing to 20,000 litres by the end of the year. "We are happy to have made such quick progress in our process of corporate renewal," Shenher said in a release. He didn't mention that the Ashcroft plant didn't even exist.
It certainly sounded like a promising relationship, but in an interview Friday, McKinnon said he concluded that Clean Power as "a wreck" and "couldn't be saved."
He also said he had a dispute with Clean Power over compensation and severed all relations with it. He added that Shenher, who had been listed as chief operating officer of Ashcroft Diversified, ceased any involvement with the company "a week or so" ago.
This strikes me as bad news for Ashcroft's seed shareholders. After all, Clean Power was supposed to be buying the plant's canola oil production. What would happen now? I tried to clarify these matters, but McKinnon refused to talk and Shenher didn't return any of my calls.
The whole thing strikes me as a confusing mess. Prospective investors should tread carefully.
dbaines@vancouversun.com
Time to check the pdf file again as I copied a page below, the part about the LOI with MOPO is no longer part of their Milestones slide. Check back often as it keeps changing, from Mike being COO and the "new guy" being an advisor to no mike, no advisor, and now no MOPO. Wonder what's next. Seems CPOW is being pushed to the curb. ADB will try to accomplish what CPOW was unable to. Or they are setting up for another massive pump and dump as the first one with CPOW was so successful. Wonder what Mike has to say about it. Where is the Chinese cavalry that so many were waiting to see?
Jack any more words of wisdom from Mr Shenher, I believe his last two emails to you were the financial reports were coming soon, and the cease trade order was going to be removed soon. Before that, he would release news that he hoped the investment community would like.
Oh and to look at the post about Mikes "recent" email in reference to Mike being largest shareholder, either that post was a lie , the email was a lie or the PR about the 60 million shares being given away was a lie.
I guess, since Phoenix CEO is the owner of Ashcroft (ADB) wonder what advice he's still giving CPOW? Probably not much, so much for restructuring.
Coffin+Nail+ADB Hammer=RIP
Entered into a lease agreement for facility site.
?Negotiated agreement with two international grain trading companies for canola seed supply and canola oil & meal off-take incl risk management plan.
?Open order for equine bedding which creates significant revenue from canola bran and screenings (generally considered a waste product that results from the oilseed crushing process).
Good information from Jacks other board he moderates, explains the numbers he keeps posting:
Courtesy of a post made by phrantic on teve board:
"(Courtesy of a post made by pantherj)
The daily short interest report from FINRA is as widely misinterpreted as any report ever put out. Yet, once a few basics are understood, it becomes very logical. The huge short volume seen in the daily reports are almost instantaneously covered; within a few milliseconds or a few hours at worst. The best explanation of this report, that I've ever seen, was posted by "Dave Patch" of "Investigatethesec.com."
Posted by: patchman Date: Wednesday, March 03, 2010 6:31:31 PM
In reply to: fourkids_9pets who wrote msg# 648 Post # of 951
Short Sale Volume Reporting’s are deceiving.
I spoke to FINRA today and found out some very interesting things that until now I did not fully understand. I knew there was something wrong with this transparency of information but was not 100% sure what it was. I think I have my answer and it was enlightening.
I was first directed to the Notice to Members memo dated 9/29/2009
www.finra.org/Industry/Regulation/Notices/2009/P120045
The individual I spoke with wanted to make clear that to maintain proper trade volume reporting accuracy, a trade with multiple legs in the trade would only be reported once in the volume reports. The example given would be.
Investor A is long 100 shares and wants to sell. They enter the order through their broker that is routed to a market maker. That market maker will go out and sell the stock into the market before they have bought the stock from you/your broker to close out their account. They do not take possession first as there is no guarantee they can sell the order into the market. By this Notice, the actual sale INTO the market is a short sale because the market maker sold the stock into the market BEFORE they had purchased the stock from you. It is a technicality since they know there position will be closed out minutes later when they go in and buy your shares. To avoid doubling up on trade volume and distorting the picture, only the sale into the market (consolidated tape) is recorded and not the second leg which was the sale transaction between seller and market maker.
So, this is why the short sale volume is high but also why the FTD’s and bi-Monthly short interest reports are not showing any indications of this volume. The short isn’t really a short it is the execution of a long sale by a market maker."
What happened to Shenher???
See the link of the new company that previously listed Michael Shenher as COO. Not anymore!!!
http://www.diversifiedbiooil.com/resources/111011_adb_business%20plan%20summary%20and%20financing_web.pdf
CPOW also no longer mentioned, instead now saying:
"LOI with MOPO Environmental Lubricants for oil off-take contract used as feedstock for additives, lubricants and nutraceuticals."
All now very questionable, especially since they don't expect production to start until: "Operations: Start-up with immediate revenue/positive cash flow once operation of crush plant commences (expected start date February/March 2012)." and "ADB’s crushing plant will start production in the first quarter of 2012."
So now ask yourselves just what is CPOW now? Why the change? Why Shenher no longer COO? Why CPOW not mentioned? CPOW even a company anymore??? Mike Shenher leasing land for new plant, not CPOW so CPOW doesn't benefit at all??? Diversified Bio oil, IPO???? If this comes to fruition, CPOW won't be able to compete with this new company. Too Bad, Let's hear the positive spin on this as you all seem to be quiet on my other points. Have a great weekend.
Goldbugger, not trying to impress you or anyone else. But I am interested in how long you are going to keep up the short squeeze scenario, which won't happen here. If any indication of a short covering is given, it sure won't be very high for those that bought during the pump. Also since you continually think I have BS biased boring stories, how about giving us your positive spin on the following, or maybe I missed something positive:
1) Annual Report, submitted late, was incorrect, supposedley "inadvertently". (not buying that one) Still not completed.
2) Quarterly report, Very Late
3) Canadian Cease Trade Order still in effect. Fees yet to be paid, documents yet to be filed. www.bcsc.bc.ca
4) CEO's PR about hiring Phoenix, and then forms a new company
with Phoenix's owner, to become COO without informing investors. What do you feel about this apparent conflict of interest?
5) Lawsuit from his Montana Plant debacle. From his 3 June PR: "Given the estimated re-commission costs required in Culbertson, Montana plant we felt it more cost effective to focus on making scalable enhancements to Regina capacity". You'd think he was smart enough to do the cost analysis prior to signing the lease, guess not. Also why did he make this "small" enhancement when he knew he was selling his plant? And exactly what enhancement was made???
6)Wuhan Haitong Shipping and Logistics Co. PR in May. Real or BS?
7) Joint Venture Agreement, dated April 29, 2011 (the "Agreement") with Chongqing Grain Group. Real or BS? Proof that he went to China and proof that Chinese Delegation visited CPOW?????
8) His supposed hiring of multitude of high profile people only for them to never be hired, any of them. Including the Brazilian connection, California connection, Alabama connection etc etc
9) His new plans not to crush seed but buy oil from the new company and concentrate on MOPO, neutraceuticals, while at the same time as COO profiting from the sales to his own company without any checks and balances to the CPOW investor?? How can this be good? Transparency not existent.
10) New company possibly not producing until at least Feb (if at all) so CPOW won't have a product until well after that. Thus no income, only expenses, yet he profited from the sale of Regina plant and will be paid for rent on new plant.But why can't he get his raw product from another source to continue his "product development and marketing"? Why wait for this new company?
11) Hiring of NEW advisor 45,000 year plus 60 million shares, are you ready to discuss dilution yet?
12) Lack of information on what CEO paid Phoenix for their work?
13) Company with no cash, no income, no product, no assets with a market cap of $$6.8 million???
14) The history of this company dating back years of PR's and 8K's that have not come true. Honest issues or possible deceit?? Each investor has to decide this one.
15) What happened to IBA, remember they said they sold millions of shares to investors between .09 and .12. I can imagine why they left. What do you think??
16) And finally, if you never heard of CPOW before and was not invested through the nose with great losses, what would be your true reaction to all of the above. Can you honestly say, this company is going places time to buy buy buy. Or would you say, this company has too many problems, too many integrity issues, no solid business plan, no product, no customers, no people, STAY AWAY?????
When you can come up with decent positive arguments, your comments may hold more weight, until then, saying "eventually" and not engaging in proper discussion as to the facts, you only limit your ability to effect your reader. And I do agree with you about who will get the last laugh, it will be "mike" but at the expense of those that continue to blindly support him. I welcome your arguments.
Just read previous post of mine prior to the one you reference. I was talking about short's and covering low and used .022 as the example and lo and behold the next days trading closed at .022. That's all.
.022 mmmmmmmmm now where did I see that before? Coincidence??
What you need to know is what total percentage of outstanding shares are currently short? Without that you know as well as I do that the MM's can buy and sell, short at will. But still the low volume, the low pps is not conducive to a rise in pps because of any type of squeeze. As you can see there has been activity beyond shorting, there has been some buying and selling, could be that smaller percentage is short covering, especially when it drops to near lows ie .022. shorts can cover low as long as someone out there is tired and willing to salvage what they have and sell. So I don't foresee any buying pressure in the future that would get any "short" MM worried, or any reason why the pps would rise at all.
You see when you look at the previous couple of months, Mr Shenher puts out a PR about his relationship with Phoenix to realign his company yet failing to inform investors he's partnering with the owner of Phoenix and establishing a new company, one that will supposedly sell oil to CPOW. "Red Flag" That's not being honest, not being transparent, and NOT going to make any investor happy as to how this information came to light. Suddenly he sells one property, moves to another, one that Shenher owns and rents to the company, yet becomes COO of the company supposedley using that same plant to process seed to sell to CPOW when CPOW was the one who all this time supposedly processed the seed themselves? Yet the CEO states he needs to focus on the profitability aspects? MOPO??? neutraceuticals??? There is no confidence in the investment community when things like this continually happen. To remind you, I asked many questions, none of which have been answered. Strange don't you think for a CEO with only 5 people that he would be begging to get information out to the investment world. And has anyone found out why IBA suddenly disappeared from the scene?????? How many shares were given to Phoenix for their work??? Have a great weekend.
I'm sure you've already read this as I posted the link long ago (see below), but this is fact. My original point is that over the last month the average shares traded only amount to a few thousand dollars each day, even if all were shorted that would not be a significant holding to create your short squeeze as is done in the major stock markets. Do you think that even if you wanted to sell, you'd be able too? Sure if you take the bid price and drive the pps down, but if you have a limit order with current activity, it won't happen. You will do more to drop the PPS than anything else and gaining pps is very doubtful, unless another mass emailing happens, you will not have the buyers to purchase your shares. Use today as an example. 85,700 shares traded, at current pps was only $2,228.00. That's not going to raise the pps in the future, and all the bagholders from last years pump cannot sell there shares unless they wish to accept the bid rate. And one last item Goldbug, what biased data? It's all true.
http://www.pumpsanddumps.com/p/its-pump-dump.html
11. CLAIMS OF SHORT POSITIONS
Sometimes you'll hear that a particular penny stock will rise because of a tremendous short position in the stock and an upcoming short squeeze. We'll say it again. Large short positions in penny stocks don't occur because it is almost impossible for anybody outside of a market maker to take a significant short position in a penny stock. There has yet to be the penny stock that had a rise in price because of a short squeeze. Very few brokerage firms will allow you to short penny stocks and those that will encounter so many restrictions that it is impossible for a significant short position to exist.
Jack, message board update is needed:
Company's Products & Markets: Currently not producing anything.
Location: SOLD, no longer a Regina location, Website grossly outdated so to quote it is irresponsible.
PREMISES: SOLD
As of 16 February 2011:
AUTHORIZED SHARES: 1,000,000,000
OUTSTANDING SHARES: 240,077,763 (Needs updating)
RESTRICTED SHARES: 111,029,763 (Needs Updating)
FLOAT: 129,048,000 (Needs updating)
Jack, the short squeeze is a good theory, and only a theory, but very doubtful any will have much effect, look at the average amount of shares traded over the last month, just a few thousand dollars a day, covering that will make little difference. All those people that have hundreds of thousands of shares purchased during the pump are looking for an increase so they can sell which will in turn drive down the price. And with such a small interest in this stock, no one buying, those investors will have an impossible time getting rid of their shares. Really, with no production until ??? who would buy???
Just because the financials will be released is no sign of any strength, remember since the first 10K came out it has since been deemed unreliable, which means the next audited version will be worse and the quarter report overdue will be worse than that. With no production until ??? and a new company forming, I'd keep an eye out for the IPO of the new company and hope current investors get a good exchange if they merge,and which company will be the subsidiary of the other?? if not and they remain seperate companies, CPOW's future is in question as to just what it will be doing. If seperate, and Mr Shenher CEO of one and COO of the other, I doubt the investor will be number one, expect gross conflicts of interests. Anyway, watch for another mass emailing if the two "companies" combine. But I've already posted who will profit from that move. Have a great week.
No it has not, please reference below link to the British Columbia Securities website:
http://www.bcsc.bc.ca/issuerinfo.aspx?partyid=227462
Proposed Ashcroft factory goes against industry wisdom: The direction CPOW CEO is heading as COO of Ashcroft:
Brought to light on other board, very interesting again to CPOW's CEO's decision making or advisory talents.
http://www.kamloopsnews.ca/article/20110930/KAMLOOPS0101/110939986/-1/kamloops/proposed-ashcroft-factory-goes-against-industry-wisdom
Production May start in February, so what is CPOW doing until then??
As you can read the last statement of this link, the beginning of more disinformation?????
Jack any email from Mr shenher or is he still in China??
Let's look at the connection here for the new Diversified Bio-oils company that CPOW CEO is now involved in: See below for profiles found on the net:
Andrew Mckinnon, Phoenix alliance corp
Jayram Hosanee, Mineral Hill Industries
Pamela Keck, Phoenix alliance and Mineral Hill Industries
Michael Shenher, Hires Phoenix Alliance???
Robert Morrison, CEO Greenlabs
Brian Nevins: ????
Andrew Mckinnon:
Andrew McKinnon
CEO at Phoenix Alliance Corp.
Location
Vancouver, Canada Area
Industry
Investment Banking
Andrew McKinnon's Overview
Current •ceo at Phoenix Alliance Corp.
Jayram Hosanee (CFO):
Jayram Hosanee
CFO/Controller at Mineral Hill Industries Ltd
Location
Canada
Industry
Accounting
Jayram Hosanee's Overview
Current •CFO at Golden Dawn Minerals Inc
•Chief Financial officer at Mineral Hill Industries Ltd
•CFO/Director at Nass Valley Gateway Ltd
Pamela Keck (corporate development):
PamelaKeck
Business Analyst & Consultant Vancouver, Canada Area | Capital Markets Current: Consultant and Business Analyst at Phoenix Alliance Corp. Past: IR/PR Coordinator at Mineral Hill Industries Ltd., IR Consultant at Small Cap Invest Ltd. Education: University of Pretoria/Universiteit van Pretoria, Fachhochschul-Studiengänge Kufstein Tirol Summary:Management Consultant with broad experience in all aspects of restructuring and refinancing, as well as a deep understanding of the public market...
Robert Morrison: Advisor
Robert Morrison's Overview
Current •CEO at GREENLAB ENERGY CANADA INC.
Past •Retired as Managing Director remain shareholder at GREENLAB GLOBAL QSTP LLC.
Has a website but Copyright is 2008, and no contact information listed. Supposedly sold his company in 2004 to Patch International (otcbb: PAII) CEO David Stadnyk, a penny stock company that's website ends in 2008, with only one report found at the SEC dated 2003, and ticker symbol now invalid. So probably never happened. Stadnyk now involved in Guerrero energy another penny stock company. This puts into question just what the actual deal was between Mr Morrison and Mr Stadnyk. Not that it matters in the penny stock world.
This all may be a good thing for current investors, individuals pooling their assets together for a common cause. But only look for a rise in PPS from a massive pump, especially since the next quarter after this will show nothing as operations have been shut down. If anyone has information on Mr Nevins feel free to post it.
Wonder if Jack can get an answer from MR Shenher as to what he's doing? Have a great weekend all
Goldbug, what do you think about the following, from Yahoo msg board and some information that has confirmed my thoughts:
read the pdf
http://www.diversifiedbiooil.com/resourc...
Andrew McKinnon (CEO, President and Founder)
Michael Shenher (COO)
Jayram Hosanee (CFO)
Pamela Keck (Corporate Development)
Brian Nevins (Business Development)
Robert Morrison (Advisory Board)
Some familiar names in there ??
Michael Shenher (COO) of course
and Robert Morrison (Advisory Board)
the same guy CPOW hired.
With CPOW only selling products with a revenue like $8000 a year
selling it from a garage from prestigious residential neighborhood, cpow will just be an empty shell, and the game starts all over in Ashcroft but now listen in Canada or a dual listing
also from the pdf
"LOI with Clean Power Concept Inc(CPOW)
for oil off-take in order to facilitate CPOW’s 50,000MT / year contract with Chongqing Grain Group CoL td."
Financing was a horrible deal, just look at the specifics and restrictions. Never approved by SEC. But more importantly, I got this from yahoo board. Thanks to that individual for the following. Go to this link:
http://www.kamloopsnews.ca/article/20110928/KAMLOOPS0101/110929725/-1/kamloops01/ashcroft-eyed-for-canola-plant
Andrew Mckinnon CEO of Ashcroft Bio, is the same Andrew Mckinnon who is CEO of Phoenix the restructuring firm CPOW is using. So exactly what is going on. Like was said on the other board, this company has CPOW concentrating on selling its health line and mopo products but they themselves are building a 6 million dollar crushing facility to sell oil to CPOW? I'd say the CEO owes a lot of answers on this item. More than a little restructuring going on.
Good luck with this one, wonder where Mr Morrison fits in with his 60 million shares. Look for a merger acquisition to happen in January and hope for a pump, if that happens Mr. Morrison will be very wealthy, so will the Shenhers, and Mr Mckinnon. Those currently holding may benefit but only at the expense of those who buy into the pump. Anyway, you may get your wish soon, or CPOW's shares will be converted to Ashcroft shares such as 1 for every 1000 of CPOW's. Ashcroft is trying to get his company listed on Canadian exchange. Time will definitely tell on this story.
Thank-you!
Thanks for the info, makes the Coincidence less of one. May prep the way for a merger and acquisition and another pump. Those that are generic in their praise can't tell you, just hopeful, they lost a lot of money in the pump. That's fine but you notice what happened when I brought up the three points in my previous post, no discussion whatsoever as to the points, not about the Ashcroft PR and possible planning, not about the renting new plant, nor the 60 million shares being given, supposedley to a new president of a new division, with a company that stopped work for the next 3 months. They have no argument to support their opinions. Market Cap is huge for all companies, but it is true, pump and dumps and greed make people forget the basics. Market cap of 9 million dollars to a company that is renting the land and building so Company assets are nil. Actuall assets belong to Mr Shenher, thus he is protecting himself.
So RU8 and Steve 5, No not shorting, and I really don't care what you think, but glad you came in to the discussion, how about your opinion of the questions I've brought forward instead of personal attacks,because if that's all you have its pointless. Just like all your previous insults on this board and others, with no basis for any of your assertions.
And for Steve 5, Mr Shenhere has everything in it?? He pays himself 80 thousand a year on the backs of investors, plus the rent on the property, his company takes a tax loss and he get's wealthy. 140 thousand a year. Hopefully he's selling his regina property to pay off the business debt and fund his defense for the Montana debacle. Oh yes, I understand the annual report was wrong but that is no reason for the quarterly report to be as late as it is. Quarterly reports don't need to be audited. You mean no one else suspects trouble here? IBA suddenly disappears after getting millions of shares?? Phoenix got how much??
Good Luck to you and have a great week.
First for RU8, no not in company before but for anyone that has done any type of research on this company you've already read all 8k's and PR's that the internet has to offer including the name changes and issues.
For Jack, we discussed PE ration, we know in a startup company that doesn't matter. But this company is going on what 7 years?? But Market cap means everything, its the value the investment community put on the company, and you really think this company is worth tens of millions of dollars with debt he can't pay and no income??
First this is a company that has an 8 million dollar market cap with no production for the next 3 or four months. I think the pps will fall to a penny or less based on the amount of shares, lack of activity, unpaid debt in arrears, possible pending lawsuit, inaccurate 10K, very late 10Q, and so many unanswered questions. But for the last 10 months pr's and 8k's have been published and not one of them has come to fruition. Not Alabama, Not Montana, not the hiring of management, IBA is where and what happened? Financing plan went south, Phoenix is doing what? No proof China delegation ever came to Canada, no proof China is or has been involved with this company. So what happened?? That's up to the reader to decide and based on that take a chance or wait until something actually does happen like Mr Shenher says it will. He states that he had regulatory issues and thus he's moving?? That was also the case several years ago, so history is repeating itself. In January will he be crushing seed or buying oil? Will he be creating fish food, or making health products? Your money your choice.
Where do you think it should be? Add 60 million shares to the current 274 million, 334 million shares plus whatever they paid phoenix let's say a total of 340 million shares, at a current price of .028 and that gives this company a 9 million dollar value, with no income. Remember every 2 cent rise in pps causes market cap to increase by 6.8 million dollars. If you can justify that go ahead.
Seems noone wants to discuss recent 8k so here goes.
First from their recent PR about Ashcroft Diversified Bio Oils: Under the agreement, BDO is to supply Clean Power with crude canola oil from its 300MT/day oilseed crushing facility in Ashcroft, BC starting January 2012
Now from recent 8K in reference to the new building: The term of the lease (the "Term") shall be commencing on January 1 st , 2012
Mr Shenhers PR with no 8K filing states Ashcroft will provide Oil to CPOW beginning January. CPOW stopped production of their old facility 30 July with no production until January. Coincidence? is Ashcroft becoming CPOW? Will these two "companies" combine or are they already one in the same. How do these two relate to each other? Is there anything more than a paper trail for Ashcroft?
Is the location the same for Ashcroft's facility and this new facility?
2nd point:
Seeing that Dr. Freeman was named president of the biofuels division which never happened. Why is Mr Shenher reporting that Mr Morrison is now president of our Green Lab Energy Canada Division". Mr Morrison already owns (cofounded) Greenlab Global QSTP Group of Companies. Does Mr Shenher create divisions when "hiring" new people? Does this make sense? and 60 million shares?? That's a great percentage increase in available shares even if restricted, eventually they'll be on the market. Dilution That is if any of this is true.
Wonder how many shares went to Phoenix and when IBA starts to sell their millions of shares.
3rd Point:
Annual report was inadvertently submitted??? Mr Shenher and 4 other employees, wonder who Inadvertently submitted the form, like it was an honest mistake?? I warned those that would listen the report must be audited, and now not only that is late, but the Q report is MIA.
No need to respond, I know your feelings, just thought I'd bring these points for discussion.
Alright, I'll try to explain to you one more time. I'm well aware of the SEC filing NTN-10Q, which states they only get a five day delay. That date is past and still no report. That's a Fact. Second, the Cease Trade Order is for several items including failing to pay required fee and failing to file annual financials. That's a Fact. See previous mentioned website for specifics.
All I was stating is timeline and Facts as per SEC and BCSC, nothing more. Do with it as you may. Your opinion is no biggie and that's ok. But please explain the dark forces that prevented the CEO from paying his required fees and submitting his required financial reports. You are saying "they are dealing also with the cease trade order". All they have to do is submit the required information and pay the fee for Canada, and file their quarterly report to the SEC. Remember the Quarter ended 31 July, 51 days ago; The fiscal year ended 30 April, 153 days ago. Is there a Dark force preventing the filings? I think the dark force is within.
Read the filing again, the report that is late to the SEC is the 10Q, therefore only five calendar days is given to file; the 10K issues is with the Canadian Securities Commission. Get more details at the website www.bcsc.bc.ca. The 10Q is officially late unless filed by midnight tonight. Good Luck to you. May you have a prosperous week.
Check here for CPOW Cease Trade Order status:
http://www.bcsc.bc.ca/issuerinfo.aspx?partyid=227462
15 days?? as per NT 10Q: or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; that would be Monday.
What's humorous is that the CEO is late filing his late report, should have been filed by the due date, 14 Sep. So why wait till Friday?? The actual delay is only five days from the original due date so it is now due on Monday. Does that make sense?
Regulations are Canadian, see www.BCSC.BC.CA website for specific information.
1st quarter(May, June, July) 10Q due today. Will we see it?? 45 days after 31 July.
From SEC:
Form 10-Q shall be used for quarterly reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)), filed pursuant to Rule 13a-13 (17 CFR 240.13a-13) or Rule 15d-13 (17 CFR 240.15d-13). A quarterly report on this form pursuant to Rule 13a-13 or Rule 15d-13 shall be filed within the following period after the end of each of the first three fiscal quarters of each fiscal year, but no report need be filed for the fourth quarter of any fiscal year:
a.
40 days after the end of the fiscal quarter for large accelerated filers and accelerated filers (as defined in 17 CFR § 240.12b-2) ;and
b.
45 days after the end of the fiscal quarter for all other registrants.
Add one more question to my list,
Who owns the land that Ashcroft DBO is building upon??
Let's do an honest assessment here, of course this is my assessment you can choose to agree or not, questions below:
First I don't see this as having anything to do with the JV and here's why. Reread the JV, that was to "leasing or acquiring one or more 200,000 to 300,000 metric-tons facilities suitable for crushing; and (iv) expanding or building 850,000 metric-tons crushing facilities build or expand facility to provide Oil to the chinese with CPOW providing the tonnage of seed for the operation." CPOW also required to come up with 150 thousand dollars to start the JV and will only get 5 percent of profit. You cannot equate the recent PR with this JV information. The latest is for another company providing oil for CPOW to conduct MOPO operations? The two are totally different. Nothing in the PR said anything about China or the JV.
Questions that need answered:
1) Who owns Ashcroft Diversified Bio? Company only mentioned in this PR. I have not found anywhere else.
2) How will CPOW pay for the raw Oil to start the MOPO manufacturing process? Just what will their cost be for 5500 liters? They currently do not have cash to pay their current bills.
3) Who is going to finance the initial purchase of this oil?
4) Who is doing the management tasks of MOPO production, packaging, marketing, logistics, arranging for retail shelf space, Internet Sales, Website update?
5) Since Ashcroft is new, what contracts will or do they have for Seed?
6) Where will Ashcroft get the money for plant build and operation? Seed purchase, Inventory, employees, overhead?
7) 10K states CPOW has 5 employees and the CEO, Is that enough to conduct mopo ops or will more be required?
8) What will the purchase requirement be for CPOW's contract with Ashcroft? How much oil per day, week, month???
9) Mr Shenher stated himself a new facility would take years to build and start producing, so how does this happen now in 5 months?
10) In Pr it states: ".. for the manufacturing of its successful MOPO brand of eco-lubricants and fuel conditioners." How do they quantify "successful"?
11) In PR: "Initial estimates are for 5,500 litres of crude canola oil per month, gradually increasing to 20,000 liters per month by the end of 2012." How much MOPO products will this create? How much profit per 1000 liter is expected?
12) Will CPOW Shares be used as trade instrument in any transaction with DBO?
Now, again, just my opinion:
Be careful here, if you see the two companies merge with another name change it could be another bait and switch, CGF to CPOW to ??? If Mr Shenher is starting another company as has been suggested, CPOW may be left out in the cold. Though this could set up for another massive pump which would benefit alot of people currently invested but hurt the "new" investors as all pumps do. All have a great weekend. Remember the fallen!!
You can't be serious. My example here is a fact, 8K or the 10K is wrong, either they did pay prior to 29 April or they didn't. How do you dismiss these so easily? Either he hired the management team or he didn't? Which one is the truth? The 10Q, due next week, will show whether or not he's paid his debt in arrears and where they are in the potential lawsuit with Montana plant. These are currently more important than China, remember what Phoenix said, restructuring to focus on......
Jack, first in reference to your below comment about the last three months and the execs: Its not a matter of who the execs are but the integrity of the CEO sending out PR's and 8K's that are not true. Of course some will say well he was going to hire all those people and then decided none of them would be hired. A bit far fetched don't you think? I've read alot in the last 6 months, after the pump when the "past" was brought up a lot of people stated the past is the past, just wait till March 15th, 1 April and so on, yet nothing has happened and the past keeps repeating itself. The 10K speaks more volume than any PR will ever say. Now let's look at an anomaly I found this morning, first statement is from 8K second is from 10K:
8K dated 5 May 2011, with date of 29 April: "The parties have contributed an aggregate of Three Million Dollars ($3,000,000) to the Joint Venture, of which the Company has contributed five percent (5%) and CGC has contributed ninety-five percent (95%)."
Latest 10K: The parties have agreed to contribute an aggregate of Three Million Dollars ($3,000,000) to the First Joint Venture, of which the Company is committed to contribute five percent (5%) and CGC is committed to contribute ninety-five percent (95%).
The 8K stated that the funds were already paid, the 10K show's still to be paid. Nothing other than this on the 10K, so why in April did this 8k say they already paid?? An oversight?? I doubt it, look at what the pps was doing in April. Items like this is why the "exec" situation is so important, it goes to the heart of integrity. But now they have to come up with 150 thousand dollars for their 5 percent, no money, no financing?? Have a great weekend. And Dr Freeman is where??? Probably a good thing he is now concentrating on the MOPO products.
Oh the paranoia is getting more and more on this board, worse than Yahoo. I like the discussions, that is what this board is about, correct?, or did I land in a CPOW Cheerleading course where no one can have a different opinion??? What kind of a board would this be if everyone just waived their pom pons and said Go Mike Go, while all the time your money evaporates? Would like to know why noone here has any answers to the basic business questions that should be answered before you invest, yes I know it's a speculative stock, but be honest, none of you heard of this stock prior to the Pump,just like me, I had no clue of this company and lately I've studied many pump and dumps past and present; You were looking for that get rich quick windfall, unfortunately the majority of you have lost money, some of you more than you should have, so you are angry, and My points bring up the idea that you may have just made a classic pump and dump mistake. I have no agenda here. But the fact that I anger some of you while only discussing key points about this company, may give you reason to reevaluate your investment criteria. Some times it is hard to face the facts or lack thereof. Anyway, Still no answers to any questions?? How about something factually positive that can ebb my pessimism, none?? Now that's sad.
Finally, with 133 shareholders of record as per 10k, and only 65 people following this board, nothing said by anyone here makes one bit of difference to the market, this stock or the pps. If you think otherwise, you overestimate the importance of this board. Only three entities will make a difference, the CEO and the SEC or the BCSC. You all have a great Labor Day.
Don't be so sure, look at optl now at .0003 low of .0001 and in receivership. PPS can go a lot lower, hope for the best plan for the worst. CPOW "restructuring", question will this stay as an informal or progress to a formal restructuring?
I'm sure you already know, but I have zero shares, bought earlier and sold for a nice little profit and was waiting for another opportunity to buy, but as I've watched this stock and the actions or inactions of this CEO, I have not seen any indication that this company is worth anywhere near the 6 million dollar market cap it currently has. The past PR's, 8K's lack of information, lack of VERIFIABLE PR's and 8ks, unknown reason why CEO did a three for one dividend just prior to the pump, Unknown management team that just disappeared along with the IR firm, financing deal that made no sense, and I'm sure that's dead as no SEC approval has ever been given, poor decisions to lease Montana plant with no money, paying with shares causing dilution, and a CEO that still pays himself over 80K???? An unaudited annual report, a supposed JV with China, yet restructuring to concentrate on MOPO products, and health line??? I'm assuming the JV's are dead also, so.....This all leads me to keep an eye on this company. Of course I've already listed the many questions that should be answered by this CEO prior to anyone investing. To think everything is on the up and up here would be very gullible. Maybe once these questions are answered I'll feel better about this company and jump in again, but until that happens, I wait and see.
Now lets see if the 10Q comes out on time, should be published NLT 15 Sep. Maybe we'll see what that "small improvement" of the plant entailed, and how much that cost.
Would also like to know how many shares were used to pay Phoenix. And have a great weekend. Maybe you can shed some light on the positive aspects of this company you see.