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Jack, a little angry this morning? Its a holiday weekend enjoy. Market is going down, so great buying opportunity for well established stocks. No one wants his operational plans but when he puts out a PR of hiring all these "experts", CFO, Business managers, then the 10K comes out that ended two months after this management team hiring with no mention of it, really stinks to high heaven. If they were hired granted, like I said, an 8k should have been submitted, but if it's important enough to do a PR to "hire" then it should have been important enough to his investors to do another PR with the change. You see "Mike" did a three for one dividend just prior to the pump. Why did he do this, to help lebed and sykes? I don't think so but I do believe he did it to pump up his stock, but that didn't work so his financing went out the window, his montana deal went out the window, and so much for August JV starting? NOTHING this CEO has said has happened. Just what is the "small expansion"?? What happened to IBA?? I did notice they (IBA) moved from Carlsbad to Del Mar Ca, changed their Facebook "established" date to 2011 even though their website has a copywrite of 2010 and has not been updated. And if you google them only a couple of other companies have used them one recently as of 15 Aug. Anyway, Don't you think Investors deserve this information. Supposedly hired Dr Freeman when he announced the "deal" for alabama. No mention of him again, and just what is the bioenergy department of CPOW or whatever division Dr Freeman is in charge of?? Montana was a huge mistake, but all is well with Mike. He gives himself over 80,000 dollars a year plus the rent he charges his own company. So he has it made, he's not risking anything. His company can declare Ch11 or the equivilant and he still owns the property and can still pay his employees. So for those that want to overlook these details are NOT doing any type of DD they are just hoping for a financial windfall. But even Hope has to be based on something tangible. When you find it, please let me know. But again, have a great weekend. No reason to take this personal, I'm not asking anyone to back down, this is a discussion board correct?
Hey Jack, thought I'd come over here to see what's happening on your other board. But I'd like to answer your mystery comment. My comments are below.
"Why people are buying other stocks and not this one is a mystery best understood by God or the wind devils."
From the recent 10Q:
Item 1 Page 7
As shown in the accompanying condensed financial statements, the Company incurred a net loss of $1,622,378 during the six months ended June 30, 2011, and as of that date, the Company’s total liabilities exceeded its total assets by $23,719,945. Those factors, as well as the Company’s reliance on financing from its majority stockholder, H.F. (Gerry) Lenfest
Recent 10Q Item 5 Page 9:
5. NOTES PAYABLE AND LINES OF CREDIT – MAJORITY STOCKHOLDER
"Since November 2, 1989, TelVue has funded its expansion and operating deficit from the proceeds of the sale of shares of TelVue’s common stock and Class A Redeemable Convertible Preferred Stock to Mr. Lenfest, TelVue’s majority stockholder, and from loans from Mr. Lenfest."
1989??????? And still showing a loss every month???? Ok so not that anyone cares, For me its simple, and in my opinion this is a Tax write off for your majority stockholder, plain and simple. Not to mention he will get the interest ($4,148,489)off all the loans he's made.
This company was formed in 1986 and still showing a deficit, doesn't this seem a little bit like an investment to avoid?? and with so many clients????????
Ok now back to the other board. Good Luck here, I see only a few people here as well. Have a great weekend.
"some of it borders on inside information" Are you kidding me, these questions are not even close, Please explain which ones they are. And this as opposed to the CEO emailing you that the China JV may be kicking off in August???? How's that going for you. That is an example of inside information. Now Granted, there never was an 8K filing for the hiring of his "management team" only a PR, but when I wrote IBA, Jon Boyd wrote "As far as we know Mr Edge is still the CFO". So the question is who's lying to whom? Have inquired to IBA several times in the last month with no response, no response from Mr Edge either. Seems maybe a little too much liability finger pointing may result if anyone breaks silence.
Please remeber Phoenix is a restructuring firm, IBA is an IR firm, they can both be hired by a company doing two totally different functions. One does not have to get rid of one for the other. But why no 8K or PR...oh that's right, that would be the honorable and honest thing to do for the shareholders.
And to my dear friend Goldbug. Please get a grip, if you and Jack think I am living in Canada for another firm please I beg you to call this individual. Such a foolish insinuation you are making. Please call, or better yet, visit the company and make your accusations in person. Subpoena his computer and email addresses. That should prove interesting if not lible and embarrassing.
And lastly I haven't ever received an answer to any of my questions so why do you think I actually expect answers now. And, Jack, no one is pointing fingers at you, but since the CEO answers your emails and no one elses you are the key point of contact. I still get the "I'm in China" response."
So what happened to the professionalism here, so much for that. I'm here waiting on those answers, like I said I would do. I'm sure you're a man of your words and submitted those questions. I'll make it easy and just stick with two for the CEO and one for you. First for the CEO, Is IBA still the IR firm? And secondly, why was the PR published stating he had a new management team yet the 10K has proven that to be false? And for you, when are you / IHUB going to update the IHUB CPOW information to reflect current outstanding shares, Current Management Team, and current company info as per recent PR / 10K? Thanks Jack, have a great day.
What deals? I'm still waiting on proof a china delegation ever made it to Canada and Proof the ceo went to china. Also CPOW does not nor have they ever had the upfront cash to start these JV's, Shares don't work when partnering with someone else, cash talks and they don't have it. Financing deal was horrible. 5 million dollars in debt? a loan in arrears? Hard to come up with even the 5 percent they are required to pay for the JV (if there ever was one).
But still waiting on Jack to ask the CEO those questions, and standing by for the answers. And just what happened to IBA?? Roswell??
Anyway, for the 133 shareholders of record good luck, for others expecting answers or updates from "Mike". The 10K is all you should need, the 1st quarter report should be here mid September (45 days after quarter ends)
All took five minutes, these are questions that I and others have asked since the pump and/or PR's published. Questions I asked of you in the past and even statements by you, ie China Delegation. Other questions not on the list is the Website update, and a few others we've discussed before. So did not take long at all. But thanks for offering to send to the CEO. IBA does not answer anymore,so hopefully you'll get specific answers. You see only way to change peoples minds are to honestly answer questions specifically without the general comment spin. To which you yourself have commented on repeatedly about the lack of information coming from CPOW. So I asked those questions, they are nothing new. But if you can shed some light on them please do so. Thanks.
For the others commenting on them, if they have answers I look forward to them as well, or a comment on why these questions are so unimportant. Such as why did the CEO pay himself rent before paying his creditor? Why are the interest rates so high on all of his other debts listed? Why publish a PR two months before the end of the fiscal year referencing management team, yet nothing is mentioned in the 10K? You see there are many more questions to ask.
Yes I'm on my way out, but given the opportunity to ask the questions I'll remain for the answers. For the conspiracy theorists, you will never know how wrong you are. And I'm called dilusional?? What happened to the professional discussion abilities of this board??
Let's add a few more questions. I could pick apart the financials but here's a couple more you can ask:
How does he justify a pay of 89,300 while not paying his bills?
What is his total compensation from CPOW for pay and rent?
He only has 15000 dollars worth of raw material and a total of 43500 dollars worth of inventory down from 174,797. How will he regain inventory to continue operations?
Working Capital Assets now 206,485 down from 374,421. Why the decline and what is his plans to turn this around.
Current Liabilities are 2,800,556 up from 2,102,715. How does the CEO explain the loss of assets but an increase in liabilities?
And to Jack: Your Revenue / Sales comment is skewed. Revenue includes Tax Credit, Sales are 909,000 but at such a massive cost.
Since you asked here are my questions you can ask the CEO. I look forward to the answers:
1) What happened to Mr Edge as CFO, was he ever hired, if so when?
2)If not or let go why no 8k to report change to principal officers or directors? Compensation? (PR 9 Feb 2011)
3)What is the status of Mr Mcdonald, Dr Freeman, Mr Carter? Why are they not mentioned in 10K? As per PR of 9 Feb 2011
4)Are they part of CPOW and if so what is their compensation?
5)What happened to Alabama plans? Current Status?
6)Is IBA still CPOW’s IR Firm?
7)What is the status of Roswell Financing?
8)Did the SEC ever give approval of Roswell Financing arrangement?
9)Why wasn’t the annual report audited?
10)Will the 1st Quarter 10Q be submitted on time?
11)Will it be Audited?
12)Who was in the Chinese delegation that came to Canada? Pictures?
13)Does he have the transcript of his speech in China?
14)How will CPOW pay for JV startup cost of 5%? (Payment to CGC for JV: $150,000 which is 5 percent of 3 million dollars )
15)How will CPOW pay for second JV startup cost of 30-40%
16)Why are there only 5 Employees, down from 12?
17)What is the current output of meal and oil?
18)Who are CPOW's customers?
19)What is the status of MOPO products and other Health line?
20)Why did he as CEO authorize a 3 for 1 Dividend just prior to the pump?
21) What was the "small" improvement recently performed in Regina Plant? Specifically.
22) Is CPOW still providing biodiesel via their own pump?
23 What is his guidance for revenue per share in the next year?
24) He has a debt in arrears, is he paying himself rent on time?
25) When does he expect to pay this overdue debt?
26) How many shares are being paid to Phoenix Alliance?
Jack, In my opinion a company that just reported that they are in arrears for over 21 thousand dollars for not paying a 2000+ monthly payment, only 5 employees down from 12??, no explanation as to CFO and others that they purported to be part of CPOW which is now shown to be untrue/or no 8K reporting change of principal officers or directors, (I've mentioned this over and over) over 270 million outstanding shares now?? Possible lawsuit pending from Montana plant???, Expenses now more than twice as much as revenue??? Only 5 percent of JV? Which I now question,Where will they get the cash to pay the upfront cost?? No information on Alabama plant, Dr Freeman, Mr Mcdonald, Mr Carter?? And still with a market cap of over 8 million dollars you say it's undervalued??? Making money??? I'd say they are losing money and diluting shares as they continue to pay with shares. Shares to IBA, what happened to them, Shares to the financing company, What happened to that, and now shares to Phoenix?? Over 5 million in debt?? and finally only 133 shareholders??? I've been pessimistic before but this annual report just finalized any decision for me to jump back in. So with this, I look forward to your explanation as to why you feel this is undervalued? If it is all about China, I wish you well. And I did not see this as an audited report. Stock price 10x's more because of the massive newsletter pump shortly after the 3 for one share dividend. I will move on now so good luck to you and CPOW I wish you all well.
Very ugly report, makes every PR and 8K come into question as to its validity. I posted a few notes on yahoo board, but you can read for yourself that this report is very negative. Michael Shenher and Cory Turner only ones listed in compensation and only 5 full time employess, so much for Randall Edge, Mr Macdonald, Dr Freeman, etc. This board needs to be updated to accurately reflect the officers of CPOW. An though I skimmed it quickly I never saw where this 10K was audited. Audit expenses paid for 10Q's but nothing I saw showed this report to be audited by a third party, though please correct me if I'm wrong. Company is in default for lack of payment, expenses increased over 300 percent while revenue only increased 144 percent. Shares being given away, so to speak, creating dilution that to the best of my knowledge were never reported to the SEC. Now I leave it for you to read and interpret. Time to move on, I wish you luck.
If I have done my math correctly 15 day extension ended on Saturday midnight, so my opinion is that it should have been posted Friday. We will see if the report is posted today by close of business. As the CEO said on 21 July the report was almost complete then, so if it is not, you should see a report at www.bcsc.bc.ca The link below is their past noncompliance information, you can also review their past stop trade orders etc on this website. Not sure what is going on at CPOW, but my opinion, and I could be wrong, that problems vaguely mentioned by the CEO only preempted the lack of the report. We will soon see.
http://www.bcsc.bc.ca/issuerinfo.aspx?partyid=227462
Let me add another point, you are referencing the email that the CEO sent to the IHUB facilitator. No official news ever came of this. So you are relying on that as your basis for the Dual Listing???? Just remember the CEO also stated that the audit and registration statement "are nearly complete" and that was 21 July, 4 weeks ago, here we are on the verge of noncompliance with the 15 day extension expiring tomorrow, yet still no report".
You also stated: "At least this perspective fits better with what Mr. Shenher has said he is doing." You base this on an email. ANd how many CPOW investors actually read this board because those that don't have no idea about the dual listing statement. Yet you ignore what he said in his press release, one that all investors may see. So you are correct there are those that only pick out the information that support their opinions instead of doing non-biased, assessments on all available information.
A reminder of the CEO's email: (I've already discussed the other points of this email ie "non-public" concerns and the Average down comment) Oh yes, is hiring Phoenix Alliance what he was referencing as news that will be well received? To restructure, fix problems, and hurdles??? Sure didn't answer any questions!!
"lots on the go, as well on the corporate structure side, IR side and making the company more investor friendly, we are working on doing a dual listing in canada, and the audit and registration statement are nearly complete for the annual return. Expecting the Chinese here to kick off the JV in August, i don't think any of this is non-public, but i see this period as opportunity to downward average if people got in at a higher price, we will have some news out shortly that I hope will be well received and answer a lot of questions."
Not bashing at all, but look at Mr Shenhers own comments in the PR that announces the hiring of Phoenix. He DID NOT say anything about dual listing, don't you think he would have if that's the reason why he hired that firm. Wouldn't you expect the CEO to say, we are going forward with our duel listing and therefore have hired Phoenix to implement our strategies?, BUT NO HE DID NOT. Go back and read the CEO's own comments. "hurdles and restructuring" has nothing to do with dual listings. The agreement was for Management Consulting, now go back to my post which is from Phoenix' Management Consulting page as to what they offer. There was no agreement other than MANAGEMENT CONSULTING. Why are you connecting dots again that don't exist? All your links are meaningless as they do not apply.
We will see when the annual report comes out (if it does) exactly how much debt they now have. And what other issues may be going on. IBA quiet-not listed in PR's anymore, CFO???, Macdonald??, China??, Cash to start JV's (remember the 5 percent required). We should know Monday, if no report then we will definitely know.
I read his statement and to me it says alot. Some say it was only to facilitate the dual listing. I disagree as if that was the case the CEO would have stated that, period. But he talked about hurdles and restructuring so I believe what I have below is more accurate based on Mr Shenher's own comments. Anyway, I have asked IBA to comment on this as it seems they are no longer involved in PR's from the company, just look at the last couple, IBA is not listed as IR firm(?) Look at Phoenix Alliance realm of expertise. From their website under Management Consulting page: (I highlighted a few key words, phrases)
We have the ability to put together a cross-disciplinary team that includes both, operational and financial executives experienced in crisis management, turnaround management, restructuring and insolvency. We bring integrity, experience and leadership to a distressed business. Our team of consultants can work as advisors to management by providing recommendations and counsel, or get involved in the day-to-day operations. Either way, our goal remains the same: helping to develop and implement a plan to stabilize your company.
Phoenix Alliance Corp. provides the leadership and direction to quickly assess the situation, analyze cash flow, stabilize operations, communicate with equity holders to build consensus, and address the work environment and morale of employees. Our team of professionals will meet with creditors, vendors, banks and lenders to re-establish the creditability and trust necessary to negotiate additional time, implement a recovery strategy, and fully explore all corporate options.
We assist companies with their corporate and financial development in all aspects as they become successful businesses. Phoenix Alliance Corp.'s team can help develop the plan, define the strategy and tactics, and assist in the implementation and execution so our clients will reach their corporate goals and increase shareholder value.
As former operating executives, we understand the practical aspects of how to get things done in an organization. Our hands on mentality and skill in driving a company’s social architecture to change are our hallmarks!
If you are dissatisfied with your company's performance, please contact us for more information on our Management Consulting services.
It was only a matter of time. Though dropping into the .04's intraday took a bit longer than I expected it is there now. Expect continued lower pps unless company steps in and gets their annual report out soon and the 1st quarter out on time. We'll see where it ends at the end of the day but breaking through the .05 level is very significant.
I have yet to receive any confirmation in reference to Mr Edge. I've attempted to contact him several times. Latest note I received from Jon Boyd of IBA July 1st was the following:
"As far as we know, Randall Edge is still the CFO. Feel free to contact us on our Toll Free number provided below for any questions,
Thanks,"
Jon Boyd
Interactive Business Alliance
866.525.4714
Very strange that they did not confirm or deny anything. But an answer like "as far as we know"?? Raises a red flag for me. Put this along with Mr Shenher's form 4 filing where he lists himself as CFO and either Mr Edge is no longer CFO, if he ever was, or there are some major problems going on. Without any firm information it leaves the investor guessing once again. I look at what we know. Mr Edge, when running for office never listed his position of CFO on his election website/facebook page, he does not have it listed in his current profile on his Randall Edge Business website.
We will see what happens when the annual report comes out next week (if on time) it's due on the 29th. I'd say pps may drop into the .04's prior to report and if no good news or is late again may even drop further. But continued lack of information or confirmation makes it very difficult for investors to continue to hold on.
I found out today in reference to Randall Edge the supposed CFO of CPOW, link is below, that shows he was in Management roles of Brecknock Brewing Company 2009-2010. His Linkedln page says he was the CFO of that company. The same brewery that CPOW bought, then sold?? This resume also does NOT have him listed as CPOW's CFO and his linkedln page does not either. Does anyone have any past information about this. Just wondering how all this plays together. Seems these two have a past, and it may be a good thing, I'm just not sure.
http://randalledge.blogspot.com/search/label/Vitae%20%28Resume%29
Would be nice if CPOW hands out their annual prospectus which would list the management, who they are, the positions they hold and the amount of shares they own. Wonder if they are having an annual shareholders meeting??
Will we finally find out about, Edge, Mcdonald, Freeman???
Still no word from IBA, has anyone received a response lately of any significance?? My last question to Jon Boyd was why in Mr Shenher's form 4 filing is he listed as the CFO amongst the others. Oversight or is Mr Edge gone. If Mr Edge is gone why no 8K filing for change of principal officers or directors?
Also interesting to find out is if in fact the Financing is still going forward as Montana plant was being rented at the time the agreement was signed, once montana fell through the financing may have followed as we should have heard by now if they received approval from the SEC. I understand about the filing of the S1 form but why the delay? Anyway, good luck, and hopefully we'll see the annual report by 29 July and the first quarter report shortly thereafter. If audited they will tell alot.
No, not another word, after several attempts I figured what's the use, they are the PR arm of The CEO and rightfully so, so I'm not going to get anything from them. It's obvious they follow this board since they referenced one of Stockscouts posts so I'm sure even though I feel my questions were legitimate, they won't answer them. I'm pretty much done with CPOW, posted a few in yahoo the last couple of days. But with the China story on NPR, I'm going to take my money elsewhere and not worry about following CPOW. Maybe in a year I'll check back.
Both your links are the same article are they not? just different news agencies picked up the report. Anyway, I see nothing about chongqing food group listed, again you post a lot of the competitors that have been moving on this since 2006. I'd like to get current info on what Chongqing is doing, but from this article it seems since they are not listed. Have they lost market share as I read an article from 2008 that they were one of the largest??? Am I correct or did I miss something here.
No Jack, but for those that refuse to believe that CPOW is in fact a penny stock for a reason, acting like it is the next google etc, every once in awhile you have to engage that thought process. Therefore, I was making a point that even if you consider this a legitimate forward growing company it is still overvalued.
With the JV's I see competing forces that may not be able to be performed at the same time. I see if it happens CPOW only getting 5 percent of the profit, on the other I still don't see how they will get a dime. If we are to give the Chinese that much credit for past research, I'd give them credit that they will establish themselves in Canada, and kick CPOW to the curb, easily done with a company that has no cash. Anyway, "long and deep research and negotiations????? Were you part of the planning process, and just who from China ever made it to Canada? I'm still waiting on proof anyone actually showed up.
First lets keep apples with apples. A price of .07 puts the CPOW market capitalization at 16.8 Million dollars. That's the value the market has placed on this company. yes you can argue its for future potential, but if this was the case it's still overvalued. This is a company that has two JV's that may happen, a financing deal which is horrible and at these current prices will cause mass dilution if volume increases since there are many restrictions on the Roswell deal.
As far as PE ratio I hope we all understand that but as you state, this company has no profit, has posted negative numbers since inception and has quite a bit of debt. So take earnings lets say of 1 million dollars, multiply by a PE of 18 divide by total shares available, which is over 240 million, but I'll use 240, which is right at .075 per share. Of course you can look at past earnings or future earnings.
You can also say that using a PE of 18 is way to high where a number of 12 would be more likely as this company has no real assets. That would price the stock at .05, a more realistic price IF they actually had enough revenue to make a profit. Therefore the current price is still too high.
Now lets say financing goes through and the shares outstanding become 340 million, utilizing a PE of 12 with 2 million in earnings (increased earnings due to financing cash on hand for expansion) would equal .07 cents. You see even if you double the amount of earnings with the increase in shares due to the financing agreement raises the PPS very little. (yes these numbers are argueable but I think realistic) So for those who think this is going somewhere on its own soon, think again. You may have to wait three to five years. Now that's reality. But like you said, they have to become profitable first!!
No they stopped replying to my questions. They also were not listed as the contact in the last PR. Makes you wonder, but not to repeat myself you can read my previous posts of what I think of IBA. They are definitely controlled by CPOW's CEO, as they should be, so I doubt anyone will hear from them anytime soon.
No I don't believe they are serious, I believe this was a pr to take peoples minds off the Montana fallout. This does nothing for the company. First as mentioned, you have to have the input supplies, then a customer to sell to. This fish feed is nothing new, read bio of CPOW and you'll see it's already mentioned as a possible byproduct. Mr Shenher states it is a small step forward, but to what end? The PR is very vague it states a possible increase of 2 million in revenue, revenue means nothing if it costs 3 million to create? I honestly don't think this will amount to anything but further overhead costs for this quarter with zero revenue created. We should find out in August when 1st quarter finances are released, if they are released.
Anyway, if they were serious they'd give the investor more detailed information. This PR does nothing but make smart investors ask questions that I doubt CPOW can answer.
I agree, this has been in their previous reports and is nothing new, but why are they highlighting this part as their slight improvement. I'd really like to know what their current output is, if anything, and what percentage of the meal product will go to this, what is the current market and who would be the customer. Is this more profitable than cattle feed?? And just what is the profitability that Mr Shenher sees from this. Just announcing what they did really means nothing. No reason to upgrade if you don't have a customer waiting for the product, there must be a demand for this to make sense, though with all other pr's this company continues to be vague as I believe that's all they can be as they have no specifics to give.
Yes I agree, but did you notice the latest PR? Does not have IBA as the Contact, does not have their information on the bottom like the last one, and actually references CPOW's website which we all know is NOT up to date, still show's copywrite of 2007. The PR before this had Jon Boyd and IBA listed as the CONTACT, yet nothing for this PR? Did IBA get fired??
It has never really been a long term investment for me, that's why I jumped in and out when I did. This company is intriguing and for awhile seemed to be doing all the right things. But when you dig deeper you see all the pitfalls, those I have previously mentioned. But I stick with it to see if they can turn this around. I will wait until the financials come out. Honestly this annual report I foresee more debt, less revenue. The next quarter I hope to see improvements but not if the information flow is non existent. They lost money with Montana, they gave away over 8 million shares to Roswell for the finacing fee's, there is no sound financial discipline from what I can tell. Tey should be concentrating on using what they have to full capacity, marketing their product, and once successful then expand. I'll watch until the first quarter financials, only out of curiosity do I stay that long, after that you won't see me around unless this company show's honest improvement ie profits. After five years they should be profitable but we will see. Hopefully this will all change for the better. Though we do see things differently, I see no fundamentals being followed, nothing positive going forward. This company needs cash and they need it quickly or both JV's will fall through. And I never heard from Mr Edge, Still don't know what Dr Freeman or Mr Mcdonald is doing for CPOW. Haven't heard from IBA since my initial emails. Have heard nothing from Roswell Financing. All seems to me to be very negative, and the only PR they put out is that they are doing a "slight" improvement with a possible revenue increase of 2 million (never mentioned anything about profit). Just how are they increasing revenue and why such a vague pr? It's their standard operating procedure. So that's why I'm more negative, but nothing is impossible so I do stay hopeful, cautiously so.
That's the problem with people believing everything they read, one poster posts supposed responses from IBA, which were clearly wrong, everyone assumes what they want putting their own spin on it. I'm not sure why people just don't make phone calls themselves and find out first hand. Phone calls do work.
Anyway doesn't this statement about the recommission cost bother you? You would think that MR. Shenher and Mr Edge would have done their investigation into this before signing a lease agreement. CPOW's public reply, unfortunately, in my opinion is bull. They didn't get the financing, they don't have the money to rent the facility, much less the increased cost in personnel, raw materials and other overhead expenses. Would have been best for CPOW to take one small step at a time. Of course I believe now, they needed to feed into the pump, in order for the financing deal to be worthwhile, unfortunatley it didn't work. So now you have two supposed JV's with china, one requires 5 percent payment up front, and the other 30-40 percent?? No money to pay 10000 dollars a month rent and people believe these two jv's will come to fruition? Problem is that even Mr Shenher states a new facility would not be running until at least April 2014, plus the latest jv is only to look at a feasibility study doing..... I still don't see how CPOW can make a profit on logistics, when the chinese group owns all the assets. But stay positive, maybe someday all this will work itself out. Right now I think reality is starting to sink in for some. CPOW is now a day trade as opposed to any long term investment until they become profitable. Have a great week.
So what you are saying is that CPOW, because of a little bad weather in Montana, are giving up on the potential Jet Fuel contracts that you and Stock scout have been toting for months, which was millions and millions of dollars in revenue to this "small expansion" which possibly might add 2 million in revenue (profit being nil). That they are giving up on a contract with a company who has 85 percent of the seed contracts throughout the area for this?? Remember your other posts where you assumed so much, Connecting all your dots?? Montana crushing seed to provide oil to Alabama to make jet fuel, etc etc?
I think most of us here are intelligent enough to see through this. As I believe, there is no financing, which has been discussed in detail, they have little money, actually they are in debt according to their last 10Q, and had to report something positive once the Montana shortfall became public (which they still haven't reported), to prevent a mass exodus. The upcoming Financial report will say it all. As each day goes by, literally, I become less and less excited about this company, but time will tell, this next financial report will confirm my feelings.
With this news you have to wonder just where they will get the cash to fund their 2 JV's. So you posted: "Once other key steps are taken as CPOW advances, we will continue to get informed, as we did with that one." So what in your opinion are these key steps? And you say CPOW is advancing????? And I've already said what I believe was the reason for this PR. Oh and wait a minute, we will continue to get informed?? I'm still waiting for the first time. Remember IBA hiring was never reported by CPOW and neither was Montana deal gone bad.
Not a good day for CPOW. My pessimism is holding strong, just wish something from CPOW would prove me wrong.
There is never a good reason not to file 8K's. The problem is this, CPOW does not report bad news. They did not report on Alabama, that date of closing came and went. No information on the IBA hiring because he had to use Shares to do so, never a PR. No information on Montana failure, who would want to report on that. No information on what CPOW's management is doing, if anything. No information on status of financing (obviously not good)especially since he already gave what 8 million shares to Roswell as per 8K?? No information on any product output of any kind. IBA started giving info within 24 hours, then they had a conversation with MR. Shenher the day they responded to my email, now nothing in weeks. No reason for it other than Mr Shenher will not report anything but his tweets leaving it to some of you to interpret. The current link you post means nothing to CPOW. The other post about an amount of Revenue means nothing because you have to determine what the profit is? 5 % of nothing is still nothing. But even with a huge number, CPOW has no cash to pay their initial 5 percent of one JV and the 30-40 percent of the other JV, if in fact they can be accomplished as was mentioned on another board. One JV states an anti competitive clause(??). Wishful thinking ie tweets from CEO does not a good company make. I'm looking forward to the Audited Annual report where it should state, institutional ownership, Shares management owns, ie Freeman, Edge, Mcdonald. If not audited that will say volumes..... No Good Reason at all.
Roswell Financing: I have just emailed Chuck Whitehead at Roswell Capital Partners to see if I can gain any insight into the financing arrangement process of CPOW's financing. IE has it been approved / disapproved by the SEC. Not saying they will be able to tell me anything but I'm concerned that the loss of the Montana Plant will adversely affect the financing deal which in turn affects all the other JV's where money is required. CPOW needs over 230,000 Canadian dollars just for the latest JV, not to mention chongqings requirement of that JV which will probably be in the millions. This next Financial Report will be interesting, let's hope more than reprints of past PR's.
My questions were, What is the status of the plant, why did the plan not get finalized as scheduled, what is Dr. Freeman doing for CPOW, what is Dr. Freemans Salary and how many shares does he own. Exactly who owns the alabama plant? Anyway, I think its all a mute point if there was positive news it would have been reported.
Jack, one more note, the IR firm did not respond, My response was from Great Plains themselves. I haven't heard from IBA in two weeks.
Jack, It's not the IR company, they will only put out information that they are authorized to. So I'm sure that conversation they had with "Mike" probably was a hush order to not say anything as Montana plant was one of my top questions to find out about. As with any PR company any information must be approved by CEO so thus the silent treatment ever since that day. The point is now is we have no clue about Alabama plant, and Dr. Freeman, I've asked twice, no response, and probably will never know why this also failed. The IR company they hired is more of a "pump" vehicle if you read their website. From IBA's website main page:
"We understand the importance of shareholder communication, open market volume, and market cap valuation. Pinksheet and OTC securities are classififed as Designated Securities (This means that a license broker will not solicit your stock). If the investment community is unaware of your company, how will they be able to invest? Our team of professionals are able to communicate your company's fundamentals as an investment opportunity in a professional, urgent, and timely matter."
Therefore, they cannot fulfill their mission by reporting negative items. This IR firm is strictly the PR arm of Mr Shenher. Another disappointment. So therefore, confirmation of all PR's will need to be done by the investors, ie, did in fact a china delegation come to Canada????? etc etc. Not using this IR firm but contacting related companies specifically. Good Luck, Not a good day for CPOW
Confirmation from Great Plains. I emailed them this morning and here is the response. So, no more jet fuel?? Not enough cash on hand to pay rent? No wonder IBA would not comment on the Montana plant, so I can't even put much weight in what they say as it does no one any good to withhold that information. But like has been said many many times: Never report bad news. Now what???
John,
We can confirm that we have terminated the lease on the Culbertson Crushing Plant and that Clean Power Concepts does not occupy the facility.
Regards,
Holly
On Jun 1, 2011, at 11:57 AM, John Dean wrote:
Good Afternoon,
As a potential investor of Clean Power Concepts, I have heard that the Culbertson Montana Crushing Plant rental agreement has been terminated. Can you please confirm this.
My quote, and I think a good one, lol, was just to draw attention to even SEC filings 8k's especially can be fraudulent or not completely truthful. NO I am NOT saying CPOW is that way, not at all. But the weight that you put into those can not be as much as the financials. Audited Financials are FACTS. 8K's contain a ton of forward looking statements that could change drastically. Even the current JV's have potholes in them ie If so and so can't complete their agreement, then ..........
I would say that you use the term undervalued a lot. If you look at the market capitalization of this company along with the past financials, i'd say its slightly over valued. The problem is as has been pointed out, even with all the JV's with 240 million shares and very little profitability if any (we'll find out soon enough) it will be very difficult to raise the pps. Look at other 240 million dollar cap stocks and see what they are bringing in for revenue and profit, what assets they own. We all have to be realistic in our assessments and take emotion out of it. But let's be honest this is a penny stock and extremely volatile, so I wish you luck.
Talked to the attorney this morning, As a lawyer he stated nothing in the 8K specifically addresses using shares / diluting shares to hire firms such as IBA. But he did make comments like, it should be disclosed, and "it is a business call". He did say that he will continue to look into it as just because the 8K is not specific there may be a precedence (sp) out there that may give more detailed information. So that's it for the moment, but it still doesn't make sense why there was no formal, even a PR, to announce IBA as the IR firm. That would be cheap and very important for the investors. Who know's.....
You must still be careful, Enron had SEC filings, Lehman Bros had them, and look where they are now. SEC Filings of Possible JV's are not as important as the quarterly and annual financial statements. These, to me, hold much more weight than any other report. Jv's can fall through for numerous reasons, not having money is one. 10Qs and 10A's must be audited by a third party verifying accuracy for me to consider them valid. Just remember:
The person using blind faith can't see where he's been, much less where he is going.
Called the SEC Attorney yesterday morning and left a message and he called me back yesterday afternoon when I was unavailable. Will try again today. Hopefully I'll have some information today for everyone.
SEC UPDATE:
Last week I received a response from the SEC Attorney saying that an 8K is not required just to hire an IR firm, but did not address the method of payment ie 500,000 shares. So I sent another email to them specifically asking about the method of payment. I received an email this morning, surprised as it is a holiday, from the attorney asking me to call him directly to discuss this issue. I will call tomorrow and see what he has to say.