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Exactly grits142 and that is why it is much easier and much, much cheaper to simply reverse split the shareholder base out of the equation.....that's how it is done in the scammy world of pink sheet stocks....especially "electively" NON-Reporting Pinks.
RINSE AND REPEAT....that's where the money is.
Hmmm..at first glance they appear to be small scale porta potties.
Perhaps one of the movie studios is doing a remake of THE WIZARD OF OZ and ordered miniature porta potties?
"retail deal with these great products.."
Are they elephant urns? TIA
Yes...Less sales=less losses in EXPO-World.....break even should arrive as they shutter the entire operation. Hope this helps.
Of course no patent is needed to sell products in a store...
However, claiming patent pending status may not have had anything to do with selling products in a store....maybe the patent pending status PR was meant to sell something other than a product.....shares maybe?
On a side note...if you were the CEO of a Hammer manufacturing Company in need of money....wouldn't claiming you had a patent pending, game-changer-Hammer help you pump and dump shares of your company? TIA
I believe I stopped off at the Patent Office to use the bathroom after attending a lie fest in North Wilkesboro....I did not notice The ETC patent on display however there may have been Dog houses on display in the Mens room....I think the Dog Houses were interchangeable and easily convert into a windmill. IMO
Perhaps you should check with the friendly folks back at the Hardware store...maybe they could hook you up?
The KEY WORD being of course......ANTICIPATES... here, let me give you a prime example:
Dateline- OCTOBER 19, 2009: Mr. Harrs stated "The company ANTICIPATES STRONG operational performance for 2009 and to post a PROFIT at year end."
How did that "ANTICIPATES" play out? TIA
Tip of the iceberg regarding Noble Trenham.....
Dashjiam V. Trenham Case # BC117223
US District Court-District of Columbia Civil Action # 87-2037:
SEC V. First Wilshire Management Inc, Frederick Astman And Noble Trenham.
Claim of Violation of the Anti-Racketeering Laws: Morgan,Olmstead,Kennedy & Gardner Inc V. Trenham, Noble ET AL,
Case # C717414
imo
LOL.....priceless...simply priceless.
All of the above...read the limited fins....despite management electing to omit substantially all disclosure.....the picture is rather clear...no? TIA
Along with information forwarded to the IRS (Recently)relating to the BCC "acquisition" etc.
rawrthis.....the rent factor is through the roof....FOREVER...due to the fact they no longer are buying the facility..the rent factor tripled....had they stayed the course the facility would be paid off based on what they have paid in rent since "selling" the facility....OUCH
ya may want to check manager salaries for fiscal 2009...then compare that to the NEW ROSTER of managers...OUCH......to portray this company and it's management as getting a handle on expenses is pure fantasy.
WRONG Kentec...LOL WOW! If you don't believe me call 800-241-0148...ask for George....LOL
The pattern is rather simple...their losses grow with increased income....with this being the case...the company should simply close up shop and you can then shout out loud that they have reached the break-even point.
the company is shrinking...hope this helps.
Precisely IMO why "management has elected to OMIT substantially all of the disclosures and the statement of cash flows required by generally accepted accounting principles."
Does Wilkes Holdings play ANY role in this?.....anyone?
Well put sir. My thoughts EXACTLY!!!
Thanks for the expert eye view into this subject jrdig7...much appreciated. So basically this new to D&D displays equipment, which was PR'd recently, is commonly utilized machinery in woodshops.....so indeed the new arrivals could have come from Builders Choice...no? TIA again...thanks...experts like yourself are quite the value to have!
The question posed to you was in regards to the "NEW" machinery...as for the SH meeting....no reason to attend...I read the recap PR and read the financials.....perhaps I'll wait for a movie version as well.
CIMA...hmmm.....did ANY of the NEW machinery now in D&D's possession come from Builders Choice Cabinets and Countertops?
Better hope NOT.
TIA
I read the financials......and compared them to past financials...who's bright idea was it sell the facility resulting in building rent expense to basically TRIPLE??
Thanks for the info springroll...so no real guessing needed to see what this will mean to future earnings...again thanks.
given the company's continuing legacy of operating in the RED....in your opinion should the incoming CEO demand immediate repayment from JD and Glenn regarding the loans the 2 amigos took from the company cash register? Thanks so very much in advance
So you are saying certain indicators point to when money was tight...okay......in your opinion how tight was money when JD and Glenn took "loans" from the company cash register? Thanks so very much in advance.
Manageable?? Yes..... if by this you mean a continued strategy of selling shares to cover expenses. No profit...and this is NOT a start up. Not good IMO. This company incurs debt with each and every order they fill.
When will JD and Glenn repay the company for the loans they took?
LOL...yep....kudos indeed.....20+ years of chasing non-existent oil seeps, Millions and millions of dollars wasted with no meaningful drilling, unpaid bills in the millions, shares outstanding out the whazoo, deadline to drill fast approaching,and Bendall is threatened with a Wind up order by a contractor who just simply wants to get paid for services rendered.
A "feather in the cap"??? "Leadership"?? LOL!! WOW!
IMO
ya sure about that righty? Malcolm may regret filing the latest 10-q.....it appears to be...well....DEFICIENT
IMO
See post #18049. That should clear this rather simple issue up for you....Then simply do what many others here have suggested.......
Be PATIENT....perhaps the SEC will weigh in on the matter??
imo
#1- GSLM is a private company and wholly owned subsidiary of EEGC.
#2- How is GSLM described in EEGC filings? Is GSLM described as the FOCUS of EEGC operations? TIA
#3- Legal proceedings concerning subsidiaries absolutely require disclosure when the legal action is considered material..as in not a legal action considered to be NORMAL in the every day course of business. Would you consider a WIND UP hearing a normal legal event that transpires on a every day basis? LOL
FACT: The last 10-Q filed covered the period ending JUNE 30, 2010.
FACT: Bendall and GSLM were notified on JUNE 16, 2010 of the WIND UP application filed by HUNT ENERGY yet NO MENTION of this in the 10-Q. Odd...don't you think.
Is the Great South Land Minerals website still up and running?
IMO
Really? Are we the subject of a wind up hearing on Tuesday?
Funny, I think you'll find that GSLM is the subject of the Wind up hearing...you do understand what a Wind up hearing is ...don't you? TIA
Again, MALCOLM will HIT OIL...Malcolm will open the hood to his automobile, pull out the dipstick, insert the dipstick back in and he will strike oil. However, Malcolm striking a few quarts of 10w40 pennzoil located in his auto will not make me eat my words...even if Malcolm uses a high grade synthetic blend. Hope this helps
A forensic examination into GSLM's finances would indeed be quite revealing IMO. And that appears to be where this is all headed. Bendall has a choice...pay Hunt or face a detailed and investigative look into GSLM covering the past 4 years.
on a side note I think you will find that Bendall issued PR's stating that the $50 million funding was intended for further exploration of the Tasmanian basin and the DRILLING of Bellevue #1 and Thunderbolt #1 exploration wells among other things.
GREAT QUESTION rigman.
Instead of using this to fund drilling Bendall chose to PR his "intent" to do so. Time is quickly running out on GSLM and Bendall IMO.
GSLM is facing a Wind up Hearing, what led up to this? Is this the result of sound financial leadership on the part of Mr. Bendall? When is enough...enough?
Bendall PR'd a &50 million line of credit he planned on using to fund the company's drilling venture. Bendall PR'd flare gas technology worth billions yet zero proof.
Please list out tangible accomplishments performed by Bendall which deserve continued shareholder faith and continued shareholder confidence in Bendall. TIA
The only oil Bendall will hit involves his automobile and a dipstick. IMO
I think Bendall already has his solution.....it was announced a few days ago...the re-acquisition of Monarch Holdings-a dormant shell.... this gives Malcolm a vehicle to sell shares through....bye-bye GSLM IMO.
I agree, a thorough look into Malcolm and GSLM is exactly what the doctor ordered IMO.
And it appears that is exactly what we will get: This has been in the works for a while and MALCOLM knew it.
http://www.search.asic.gov.au/cgi-bin/gns030c?acn=068_650_386&juris=9&hdtext=ACN&srchsrc=1
click search under the "START DATE" "END DATE" document search. hope this helps
I agree. If Malcolm indeed does have access to a $50 million line of credit perhaps now would be a fine time to tap into it and get Hunt paid in full. On the other hand if the line of credit does not exist Malcolm will have to answer some tough questions posed by shareholders IMO.
This could indeed turn very ugly.
NOPE... if the Liquidator steps in it is too late for Bendall to say ANYTHING.....the Liquidator takes charge of any and all GSLM possessions....and the Liquidator does his/her research regarding any and all transactions during the last 4 years....and the Liquidator has the power to reverse any of the transactions that took place over the last 4 years....Bendall needs to satisfy Hunt between now and the scheduled hearing IMO.