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11's came and went...wooohooo!!
Funny, how the GOP debate on FOX news was the highest rated debate and this one slides right under the radar. None of the liberal blogs are even mentioning it today. What a farce. I think that this is going to be the Republican's election to lose. The DEMS have no platform to stand on other than feel good ideas like Universal healthcare. Still, I have not seen anyway to pay for it other than reinstating the bush tax rate cuts. However, no one is asking th obvious quesiton, what happens when that money runs out? HOw then are we going to pay for it?
-faz
The Democrats, Lost in Translation
Former Alaska Senator Mike Gravel usually plays the angry man role at the Democratic presidential debates. But on Sunday, it was New Mexico Gov. Bill Richardson vs. Univision, the Spanish language network that sponsored one of the odder debates of the primary campaign.
"And I do want to say at this point that I was under the impression that in this debate Spanish was going to be permitted because I've always supported Univision all my career, but I'm disappointed today that 43 million Latinos in this country, for them not to hear one of their own speak Spanish -- (applause) -- is unfortunate," Richardson said. "In other words, Univision has promoted English only in this debate."
He then began speaking in Spanish, only to get cut off by the moderators. "The rules that the seven candidates have accepted for this debate is that everyone is going to communicate in English," one responded, "and everything would be translated into Spanish. Thank you very much."
The rebuke didn't stop the governor and only Latino candidate from speaking in Spanish. In the press room after the debate, both Richardson and Sen. Chris Dodd (D-Conn.), the only other fluent Spanish speaker of the seven candidates, both answered question after question in Spanish.
While picking this fight on camera allowed Richardson to speak more about his heritage, Univision had informed the candidates months before the debate answers would be in English and reminded them repeatedly before the debate, when Dodd and Richardson both started speaking in Spanish while testing their microphones. If Richardson had gotten his wish to speak Spanish, it's unlikely Hillary Clinton and Barack Obama would have showed up to the debate in the first place, defeating the purpose for Richardson.
The format of the debate made it a bit complicated: moderators asked questions in Spanish for the television audience, which were translated into earpieces in the candidates' ears and on screens for 3,000 people in the basketball gym where the debate took place. Then the questions would be answered in English in the room, translated into Spanish for the Univision audience. Obama seemed to have the most trouble. During one of his answers his earpiece was falling out and he continually struggled to put it back in.
http://blog.washingtonpost.com/the-trail/2007/09/10/the_democrats_lost_in_translat.html
I didn't even know when this debate was. What a joke. So much for trying to make a move towards assimilation. Why is there a Spanish speaking television station in the US?
-faz
.11's are up!
Seeing some movement this morning. Just need to get some volume coming though and we can move much higher!
360k in first hour. Keep it up!!!!
The UK continues to go down the tubes!!!! Go Socialism!!
Plans to ban plasma TV's
By ONLINE REPORTER
September 09, 2007
THE Conservatives will propose banning plasma screens and other energy-guzzling electrical goods in a report to be unveiled next week.
The proposals target white goods like fridges and freezers, as well as TVs, personal computers and DVD players that use too much energy or operate on stand-by.
The ideas come from a Conservative group set up by David Cameron to develop policies to protect the environment and although the measures to make household electrical appliances more energy efficient are not binding on Mr Cameron, they are thought likely to be warmly received by the Tory leader.
The group will also suggest scrapping Gross Domestic Product (GDP) as a measure of the nation’s success in favour of a model that measures people’s happiness drawn up up by Friends of the Earth.
Under the proposals, a cap could be set on the energy use of each electrical appliance, and those exceeding limits could be banned from sale in the UK.
A new labelling requirement could be introduced to inform consumers of products’ annual energy consumption compared with other similar appliances.
And there could be a ban on electrical goods with stand-by lights which can stay on indefinitely. Some 2 per cent of Britain’s total electricity use is currently taken up by appliances left on stand-by rather than being switched off.
The proposals are set to be unveiled on Thursday in the final report of the Tories’ Quality of Life Policy Group, chaired by former Environment Secretary John Gummer and green activist Zac Goldsmith, a Conservative spokesman confirmed.
Prime Minister Gordon Brown has already announced his ambition to “eliminate” the stand-by function on appliances, which was blasted by the Government’s energy review last year as a waste of electricity.
The report is expected to focus on plasma-screen TVs as particularly wasteful of electricity, and it is thought that many models would fall foul of proposed energy cap unless dramatically more efficient technology is developed.
Householders are also expected to be offered tax cuts potentially worth thousands of pounds to make their homes more energy-efficient.
Mr Gummer warned: “We live in a joined-up world and yet we organise our lives in silos. The imperative of global warming demands that we change that approach utterly - not just governments, but businesses, groups and individuals.”
http://www.thesun.co.uk/article/0,,2-2007420012,00.html
Currently, UK residents pay £135.50 for a license to have a TV. That is right, they have a tax of $270 (with current exchange rate) just to won a TV. This was one of the hardest taxes for me to justify paying while I lived there. Now it looks like they may crackdown even more.
-faz
Lots of volume early!!!!!!!!! Nice!
Hillary Clinton's Campaign Contributor Facing Tax Trouble
IndoLink ^ | 9/9/07 | By John Solomon and Matthew Mosk
Sant S. Chatwal, an Indian American businessman, has helped raise hundreds of thousands of dollars for Sen. Hillary Rodham Clinton's campaigns, even as he battled governments on two continents to escape bankruptcy and millions of dollars in tax liens. The founder of the Bombay Palace restaurant chain, Chatwal is one of a growing number of fundraisers in the 2008 presidential campaign whose backgrounds have prompted questions about how much screening the candidates devote to their "bundlers" while they press to raise record amounts.
Chatwal's case reached from his native India to New York City. The IRS pursued him for approximately $4 million in unpaid business taxes, while New York state placed a lien seeking more than $5 million in taxes. He forfeited a building to New York City on which he was delinquent on property taxes and was sued by federal regulators seeking to recoup millions of dollars in loans from a failed bank where he served as a director.
Across the ocean, three Indian banks forced him into U.S. bankruptcy, and he was charged with bank fraud. He was out on bond when he showed up in India in 2001 during a visit by his longtime friend Bill Clinton.
Yet none of the legal and financial woes -- occasionally touched on in American or Indian newspapers or highlighted by political opponents -- raised red flags inside Hillary Clinton's fundraising operation. Chatwal recently said he plans to help raise $5 million from Indian Americans for Clinton's presidential bid.
Asked whether anything in Chatwal's background caused concerns about his activities on behalf of the campaign, Clinton spokesman Phil Singer answered, "No." He declined last week to be more specific, saying only that major fundraisers are routinely vetted "through publicly available records."
http://www.indolink.com/displayArticleS.php?id=090907021214
-faz
Nice...we are in the "POWERZONE!!"
I love ajcmstocks' charts. Looking good for next week. Glad I loaded up on Monday and Wednesday last week!
-faz
If the German's get it, why is it so hard for us to?
Germany considers increased spying on Muslims
By Matthew Schofield | McClatchy Newspapers
Posted on Thursday, September 6, 2007
BERLIN — After thwarting what might have become a "massive" attack on American installations, German authorities will review ways to fight homegrown terrorists, including a proposal to allow Internet spying on all German converts to Islam.
The search for seven other suspected members of a German cell of the Pakistan-based Islamic Jihad Union continued into Thursday night, with investigators saying only that they knew who they were seeking.
Anti-terror police arrested three men in a village in central Germany Tuesday, outside a vacation cabin where they were suspected of building a bomb. Germans were shocked to learn that two of the alleged bombers were native-born and had common German names, Fritz and Daniel. All three were unemployed and living on German government benefits, but other details are sketchy.
Fritz came from an upper middle class background, and German media reported that he converted to Islam about 10 years ago. His mother was a doctor, his father owned a successful business, and he's married and attends a technical college in Ulm.
"Daniel", who like Fritz hasn't been further identified, was known for angering his neighbors in Saarbruecken by praying loudly every three hours, but little else is know about him or "Adem", the Turkish-born third suspect.
This was "something new, and not in a good way," said Col. Christopher Langdon of London's International Institute for Strategic Studies. They "came from the white German population. They were very traditional German residents who converted and radicalized. These bombers were not Pakistani or Moroccan. That is raising eyebrows."
Anti-terror forces had been concerned primarily with first or second generation Muslim immigrants — not white Europeans.
Guenther Beckstein, the interior minister in the German state of Bavaria and a conservative leader of the southern wing of Chancellor Angela Merkel's Christian Democratic Party, has called for a new law authorizing online surveillance of Islamic converts.
"Germans converting to Islam should be watched because they tend to show particular fanaticism in order to prove worthy of their new religion," he said Thursday.
The number is growing, according to the German Islam archive. In the last decade, only about 300 Germans each year converted to Islam. But in 2005, the number rose to 1,000, and it jumped to 4,000 in 2006.
As shocked as they were by the arrests, the idea of spying on other Germans unnerves many in civil-rights minded Germany, where government surveillance recalls memories of Adolf Hitler.
Gisela Piltz, a Liberal Party member of parliament, said she thinks it unwise to infringe on civil liberties so soon. She noted that while it was a shock to hear of a suspected Islamic terrorist named Fritz, it also was a shock this summer to hear of alleged terrorist doctors in England and Scotland.
"There is no pattern, and while we were perhaps the first to be attacked by Islamic terrorists from our native populations, it was only a matter of time. Terrorists are not poor, they are not stupid, and they do not want to get caught."
Karl-Heinz Kamp, a terrorism expert at the Konrad Adenauer Foundation, a right-of-center research center in Berlin, said the political debate on civil liberties versus security shouldn't be framed by a single plot.
"The bigger lesson here, of course, is that Germans are now an international terrorism target," he said. "That their names are Fritz and Daniel is shocking, but only means that the known spectrum of terrorists has now increased."
This week in Copenhagen, Danish authorities arrested nine people on charges of plotting terror attacks, and Kamp and other terrorism experts believe the frequency of attacks in Europe is increasing.
Magnus Ranstorp, Chief Scientist for the Center for Asymmetric Threat Studies at the Swedish National Defense College, said that while security forces don't release information on all thwarted attacks, there are known to have been at least 40 and perhaps has many as 50 since Sept. 11, 2001.
"This is what we can expect for the future: The attack plots are going to come fast and furious," he said. "And, as is clear in both these attacks, they're operating in new vistas. Terrorism in Europe is a part of life now."
http://www.mcclatchydc.com/homepage/story/19539.html
Funny how the Liberal mindset is independent of the country in which they live. I am all for a complete crackdown of mosques in this country. I am not sure of another place where the government protects the teaching of hate so vigorously...well, maybe democraticunderground.com. LOL!
-faz
I love this one too:
Russell Industries Acquires American Uranium Mining Company
HOUSTON, Jun 19, 2007 (BUSINESS WIRE) -- Russell Industries, Inc. (Pink Sheets:RSDS) announces that it has acquired American Uranium Mining Company, formerly Ithaca Industries, Inc (Pink Sheets:ITHI). The Company owns 68 Uranium Mining Claims located in the Briger Jack section, San Juan County, Utah. "This acquisition is synergistic with Russell Industries' focus on the Uranium market and will increase our holding company's assets to 322 Uranium mining claims which will now encompass 6,440 acres in San Juan County," said Rick Berman, who will be elected President and CEO. Ithaca, a publicly traded company, will continue to have its stock quoted on the pink sheet market. Russell Industries will announce the new symbol and date trading will begin in a future press release.
So AUMN was Ithaca until it's name change to American Uranium Mining INC. When was it ever AUMC? When was it ever American Uranium Mining Company? Unbelievable.
-faz
Looks like the good ol' boys in the industry started to feel the heat. I can't imagine that we are going to be trading in the single digit pennies for too much longer.
-faz
This is a damning PR:
Russell Industries: -American Uranium Mining Company (AUMN.PK): New Symbol and Reverse Split
HOUSTON, TX, Jul 05, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that its most current acquisition, American Uranium Mining Company (formerly Ithaca Industries) will be trading under its new symbol AUMN.PK and will have a 1-45 Reverse Split of its common stock effective at the opening of business today. RSDS acquired AUMN, which owns 68 Uranium Mining Claims located in the Briger Jack section, San Juan County, Utah in June. "This acquisition is synergistic with Russell Industries focus on the Uranium market and will increase our holding company's assets to 322 Uranium mining claims which will now encompass 6,440 acres in San Juan County."
Wow, that is a doozie!! I know that there is a Safe harbor statement, but damn, there is no way that it could cover errors like this!!!
-faz
Does the math on the balance cash flow sheet add up?
So Berman is reading this board then...hmmm...I wonder if after he posted that to pinksheets, he must have slipped the word to us and watched us react so we could uncover all of his mistakes. Then, he fixes them and resubmits the document.
Awesome!
-faz
Notice in the email response to Loof:
Item 4. EXACT TITLE AND CLASS OF ISSUER’S TO BE QUOTED:
The Issuer has two (2) classes of equity securities authorized: preferred and common stock. The common stock is quoted under the symbol AUMN.PK.
...and in the document on pinksheets:
Gotta love it! What a joke.
-faz
Could be a good thing for Baltia,
American Lion Seeks Russian Lioness
Article Tools Sponsored By
By JOHN VAROLI
Published: December 17, 2000
AS the lights dimmed, dozens of young women flooded into the Hollywood Nights club on Nevsky Prospekt on a Wednesday night early in December. The club's tawdry plastic and metal interior is decorated with film stills of Marilyn Monroe in ''Gentlemen Prefer Blondes,'' and at the entrance, each of the Russian women accepted a glass of Russian champagne. Some sipped nervously, considering where to sit. Others, who knew the ropes, sat confidently at tables.
The music was low to allow people to chat without shouting. And so the hunt began.
Men flitted among the women, eyes wide open, smiling, happy to be prized figures at this party, where some 20 American men enjoyed the company of nearly 120 Russian women between 18 and 45, many dressed in short skirts and tight pants.
It might sound to some like a brothel, but it was a mixer organized by a company based in Phoenix called A Foreign Affair, which describes itself as an international marriage agency. The party was one of many organized that week at Hollywood Nights by competing companies in the booming trans-Atlantic lonely hearts business.
Scores of marriage, dating and introduction agencies have sprung up in the last decade to cater to the demand of Western men for Russian wives and girlfriends. The business exploits complementary stereotypes: that Russian women are more passive and dutiful than their American counterparts, and that American men can offer Russian women economic stability and a lush life abroad.
The mail-order bride industry is at least as old as the 19th-century American West. What has sparked this boom is the Internet, which nearly all companies use to connect potential mates. Most agencies work similarly. Men view photos and descriptions of prospective brides on the Web, and read their comments (Sample: ''I am a pretty, long-legged blonde . . . I would like to meet a handsome, intelligent, warm and enterprising gentleman''), then request their addresses for a fee ($9 each for the first two from A Foreign Affair at www.loveme.com; $7 after that). The women are recruited through ads in local newspapers or by word of mouth. The companies organize tours to meet the women, like this month's two-week St. Petersburg visit for $3,250.
''There is a very big and growing demand for Russian women,'' said Larisa Buchinskaya, who is married to Andrei Yakovlev, a leading Russian ballet dancer, and who opened the St. Petersburg-based International Acquaintance Service (www.idealmarriage.com) in April after friends in France told her that interest in Russian women was strong in their country.
''In the past six months, and with almost no advertising except for just being on the Web, we have over 1,000 girls in our database, who are getting a total of about 200 letters a day from American and European men.''
An Internet clearinghouse for mail-order brides, goodwife.com, links to 137 agencies specializing in women from the countries of the former Soviet Union, up from 69 agencies in early 1998. Women from Asia, particularly the Philippines, are the next most popular.
Many men seeking wives among Russian women are swayed by stories of their beauty, femininity and devotion to husband and family, traits they say women at home lack.
''In Russia, most American men feel they are the big lion king, and there's a beautiful, tender lioness willing to share the lair with them,'' said Oliver Moensh, 63, a lawyer from San Diego, who attended the Hollywood Nights mixer. He was married to an American woman for a year 14 years ago, but is now looking for a wife in Russia. ''When I walk into the club, the choice of so many splendid available women makes me feel liberated,'' he said.
The wish of Russian women to leave for foreign shores is fueled by their country's poor standard of living, as well as by a Russian male population plagued by alcoholism, violent crime and a life expectancy of 59 years, and falling.
''The American man appears to be a knight in shining armor, who takes the girl away from this miserable reality,'' said Yana Hickman, a Russian who, with her American husband, James Hickman, directs Miss Russia Internet (missrussia.com), a Dallas-based marriage agency. It caters exclusively to millionaires, charging them $10,000 to meet five women on an eight-day visit to St. Petersberg, boasting that it screens all the women, unlike other agencies, whose women, the Web site states, are ''lured off the street by promotions that promise free food, drink and a ticket to America.''
http://query.nytimes.com/gst/fullpage.html?res=9904E1DD1639F934A25751C1A9669C8B63
If business was booming in 2000, imagine what it would be like in 2008 when Baltia flies directly to St. petersburg!!
-faz
I hear that . This could get very interesting and unless there is full disclosure of what happened with this acquisition, I have half a mind to start speaking with a few attorney friends.
This appears to be blatant deception. I was willing to let the increase in A/S go as Berman did it legally and did not tell us, but this is different. He has informed his shareholders of one thing, but has done another. That to me is deceptive with the intent to deceive.
I will be all over this one. This ain't right...and I've had enough of what ain't right.
-faz
Get em while they're hot!
-faz
Yep,
I am going to be all over this like white on rice in a glass of milk in a snow storm this weekend!!!!
Berman is going to have to give some answers here. The only email response I got from his was that it was clear the two companies were separate. Hmmmmmmm....
Well, I will make it my personal mission to get to the bottom of this now!
Have a great weekend! I need a beer!
-faz
Righty,
From the June 18th PR:
HOUSTON, TX, Jun 18, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that it has acquired American Uranium Mining Company ("AUMC"). AUMC owns 68 Uranium Mining Claims located in the Brigerjack section, San Juan County, Utah. "This acquisition is synergistic with Russell Industries focus on the Uranium market and will increase our holding company's assets to 322 Uranium mining claims which will now encompass 6,440 acres in San Juan County," said Rick Berman, President and CEO. AUMC, a publicly traded company, will also have its stock traded on the pink sheet market. Russell Industries will announce the new symbol and date trading will begin in a future press release.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 322 Uranium Mining Claims as of June 18, 2007.
Why AUMC? Where is that ever mentioned? I would like to see exactly who the claims where purchased from as I don't think AUMC or Ithaca ever had them. I think they bought the shell company, and then staked some claims and called the RSDS'.
So it almost looks like RSDS bought AUMC and then when it started trading under AUMN, Berman bought it out yet still continued to quote the 68 claims as part of Russell Industries portfolio. So on the next financial report, we should see the payment to RSDS by Berman for AUMN.
-faz
Yeah, but the 10 million shares he owns is common stock. Didn't the document indicate that common stock is under RSDS?
So does he own 10 million shares of AUMN valued at $11+ million or is it 10 million shares RSDS at $3k?
I still don't understand that statement of the common shares are quoted under RSDS.
Any thoguhts?
-faz
August 14th is the first time Berman backs away from the mention of owning 322 claims and instead indicates that it is only 254:
Russell Industries: Russell Industries begins drilling
HOUSTON, TX,, Aug 14, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that it has purchased drilling equipment and has begun drilling as per its permit approved by Bureau of Land Management in July. The Company received approval for its Plan of Operations for uranium exploration on its Cache Claims in San Juan County Utah. The permit was approved by the Division of Oil, Gas and Mining for the State of Utah and allows for 33 holes, one wet and 32 dry to be drilled. The Company expects a second permit to be approved this week. "The purchase of this equipment is a major step for a development company like Russell Industries. We will now have the ability to validate the proven and probable reserves of this claim area and our other claim areas as permits are approved. We will then evaluate our options regarding strategic use of these assets," said Rick Berman, President and CEO of Russell Industries.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims as of August 14, 2007.
From the June 18th PR:
Russell Industries: Russell Industries: Acquires American Uranium Mining Company
HOUSTON, TX, Jun 18, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that it has acquired American Uranium Mining Company ("AUMC"). AUMC owns 68 Uranium Mining Claims located in the Brigerjack section, San Juan County, Utah. "This acquisition is synergistic with Russell Industries focus on the Uranium market and will increase our holding company's assets to 322 Uranium mining claims which will now encompass 6,440 acres in San Juan County," said Rick Berman, President and CEO. AUMC, a publicly traded company, will also have its stock traded on the pink sheet market. Russell Industries will announce the new symbol and date trading will begin in a future press release.
This is clearly misleading as the PR states that Russell and not Rick Berman will determine when it will start trading and what the new symbol will be.
This is out of control!!!
-faz
Also, from the July 25th PR.
Russell Industries: Permit received
HOUSTON, TX, Jul 25, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that it has received approval for its Plan of Operations for uranium exploration on its Cache Claims in San Juan County Utah. The permit was approved by the Division of Oil, Gas and Mining for the State of Utah and allows for 33 holes, one wet and 32 dry to be drilled. The Company has applied for two other permits and expects receive the second by August 13. The Company is reviewing proposals for the purchase of drilling equipment. "We are pleased with Bureau of Land Management's approval of our permit. We are looking forward to being able to validate the proven and probable reserves of this claim area," said Rick Berman, President and CEO of Russell Industries.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 322 Uranium Mining Claims as of July 16, 2007 and recently acquired American Uranium Mining Company (AUMN.PK).
Where does it say: Owns a mojority interest in 322 mining claims and that AUMN was recently acquired by Rick Berman!!!!
Errr.
-faz
Righty,
I am not clear at all how AUMN common stock can be trading under RSDS.PK. What does that even mean? This is very frustrating and I believe there may be some legal recourse based on the PR from June 19th. That PR clearly states that RSDS acquired AUMN not Rick Berman. So he was lying about who acquired it which would mean that he put out a false PR with the intent to increase PPS, which I think is illegal. What a joke!
-faz
Fantastic!!!!!! I love it!
-faz
So, you are doing this one as well, huh? Did you get the two sites as a package deal or was Berman so happy with your initial product on RSDS that he gave you this one as well?
I am looking forward to more info on it.
Thanks for the update and keep up the good work!
-faz
Wish all the charts for the stocks I own looked like that!!! LOL!
Good close today. I will be looking to exciting things next week.
-faz
News:
Form 8-K for TRUE NORTH ENERGY CORP
7-Sep-2007
Entry into a Material Definitive Agreement, Financial Statements and Exhib
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On August 31, 2007 our newly formed, wholly owned subsidiary, ICF Energy Corporation ("ICF") entered into a Purchase and Sale Agreement (the "Agreement") with Prime Natural Resources, Inc., a Texas corporation ("Prime") whereby ICF agreed to acquire certain oil and gas properties and related assets (the property and assets are hereinafter collectively referred to as the "Assets") of Prime located in Brazoria County, Texas for $3,500,000 (the "Purchase Price"). The Assets include the Devon Fee Gas Unit and the O'Leary Unit No. 1 and cover an aggregate of approximately 1,150 acres. The Assets include 2 producing wells with an estimated 2 BCF of recoverable gas and also include 3 additional exploration prospects in the Old Ocean Unit in Brazoria County, Texas. The properties are currently producing approximately 1 million standard cubic feet per day of gas and 10 barrels of oil per day, net to the Asset owner. Present cash flow from the Assets is approximately $200,000 per month after taxes, royalties and operating expenses. The Purchase Price is payable $2,800,000 in cash and $700,000 in shares of our restricted common stock (the "Shares") valued at the average closing trading price of our common stock for the 10 trading days immediately preceding August 31, 2007. Under such valuation, we will be required to issue 1,928,375 Shares to Prime. Prime has been granted piggyback registration rights with respect to the Shares. Upon closing, the Agreement will be given retroactive effect to July 1, 2007 (the "Effective Time").
The cash portion of the Purchase Price is subject to upward adjustment based upon the amount of all costs and expenses paid by Prime that are directly attributable to the ownership, maintenance, development, production or operation for the Assets during the period of time between the Effective Time and the closing date. The cash portion of the Purchase Price is subject to downward adjustment in an amount equal to the sum of (i) the amount of all proceeds received by Prime that are directly attributable to the ownership, maintenance, production, development or operation of the Assets after the Effective Time excluding proceeds from any sale subsequent to the Effective Time of merchantable hydrocarbons in storage above the pipeline connection at the Effective Time, and (ii) the aggregate amount of all suspended funds as may be increased or decreased by Prime prior to the closing in accordance with Prime's accounting practices consistently applied. The Purchase Price is also subject to adjustment by an amount equal to any net gas imbalance (including production, sales, processing and transportation imbalances) existing as of the Effective Time and to adjustment for property and other taxes. The maximum permitted downward adjustment to the Purchase Price is $350,000.
Subject to the conditions stated in the Agreement and unless the parties agree otherwise, closing of the Asset acquisition must occur no later than September 21, 2007 provided that if all of the closing conditions have not been satisfied or waived by such date or any extended date, the party whose obligation to close is subject to the conditions that have not been satisfied or waived has the right to extend the date of closing for successive periods of up to 5 business days each until such conditions have been satisfied or waived or until the Agreement has been terminated. Notwithstanding the foregoing, either party may terminate the agreement at any time after September 30, 2007 if the closing has not occurred by such date. We are currently negotiating funding that will allow us to close the Asset acquisition although no assurance can be given that we will be successful in this endeavor.
http://biz.yahoo.com/e/070907/tnen.ob8-k.html
-faz
Correct, my error. He was impeached which is analogous to an indictment by a grand jury. He just was not convicted by the Senate.
As for Vitter. No I am no happy with the fact he is still in office. I think he should have resigned. My point is that is a weak example to refute the argument I was making about Republicans cleaning house when there is indictments and criminal charges/convictions.
Retracing to the 50 day MA. Should see this hit 93 or 93 then bounce back above 100.
Bush, Roh Have Testy Exchange at Summit
Sep 7 08:12 AM US/Eastern
By DEB RIECHMANN
Associated Press Writer
SYDNEY, Australia (AP) - President Bush's talks with South Korean President Roh Moo-hyun ended on a sour note Friday not over the war in Iraq, but rather the Korean conflict that ended with a truce more than five decades ago.
As Bush began to wind down his stay at the Asia-Pacific summit, Roh challenged him to make a declaration to end the Korean War. That conflict ended in a truce in 1953, not a peace treaty, so the two sides technically remain at war.
The awkward exchange occurred during the first in a series of sit- downs that Bush had here with leaders from Pacific Rim nations. He also spoke Friday with Russian President Vladimir Putin and will meet on Saturday with the leaders of Japan, Indonesia and Australia. Protesters plan a march through the city on Saturday, a day after scuffles broke out between riot police and some demonstrators.
Bush's talks with Roh focused on the six-nation negotiations to get North Korea to give up its nuclear ambitions. Soon after the mini diplomatic incident, Christopher Hill, the U.S. envoy handling the talks with Pyongyang, announced that nuclear experts from the U.S., China and Russia will travel to North Korea next week to survey nuclear facilities due to be shut down.
Bush said that during his talks with Roh, he reaffirmed the U.S. position that Washington will consider the war formally over only when North Korean leader Kim Jong Il actually dismantles his nuclear program.
Whatever Roh heard Bush say through his translator, it wasn't good enough.
"I think I did not hear President Bush mention the—a declaration to end the Korean War just now," Roh said as cameras clicked and television cameras rolled.
Bush said he thought he was being clear, but obliged Roh and restated the U.S. position.
That wasn't good enough either. "If you could be a little bit clearer in your message," Roh said.
Bush, now looking irritated, replied: "I can't make it any more clear, Mr. President. We look forward to the day when we can end the Korean War. That will end—will happen when Kim verifiably gets rid of his weapons programs and his weapons."
The White House immediately downplayed the testy exchange and said the meeting went smoothly.
"There was clearly something lost in translation," National Security Council spokesman Gordon Johndroe said in a rushed e-mail to reporters.
"I really think the interpreter must not have conveyed the president's comments entirely clearly," Johndroe said. "The president made clear in his opening remarks that he told Roh that the U.S. is committed to a peace agreement once North Korea complies."
And despite Roh's challenge for Bush to make a declaration to end the war, the war was not between the United States and the North but between the North and the United Nations, and Bush alone could not end the war with a simple declaration. "As we say, `all parties involved,' " Johndroe said, when asked about the mechanics of achieving a peace treaty.
In June 1950, the U.N. Security Council, acting on a resolution advanced by the United States, adopted a resolution calling on its member states to help South Korea repel an invasion by the North.
U.S. troops commanded by Gen. Douglas MacArthur went to battle on the side of the South Korea troops in a war that went on until late July when the fighting stopped, and an uneasy truce has been in place ever since.
The Bush-Roh photo-op began with the usual diplomatic pleasantries.
Bush said he and Roh had a "friendly and frank" discussion. He thanked South Korea for providing support for the wars in Iraq and Afghanistan and spoke optimistically about negotiations that the United States, South Korea, Russia, China and Japan are having to pressure the communist regime in Pyongyang to end its nuclear programs.
The president noted Roh's upcoming meeting with the communist leader and urged him to tell Kim that he needs to honor his agreements.
Bush said that in his meeting with Putin, the two leaders talked about missile defense and fishing.
Moscow bitterly opposes a U.S. plan to base an anti-missile radar system in the Czech Republican and interceptor missiles in Poland. Led by Putin, it has reacted forcefully against the idea, saying it would spark a new arms race and a repositioning of its missiles. Putin has proposed instead that Russia and the United States share a Russian- rented radar station in Azerbaijan and that missiles could be deployed at sea or in nations such as Turkey.
At Bush's side, Putin asserted that the leaders had agreed that experts from the two sides should meet again and travel to Azerbaijan. Bush made no comment on this.
"We have once again said that it is necessary that our experts meet again very soon and make another trip to Azerbaijan to the Gabala radio location station," Putin said. "By saying this, we confirm that the process of our joint work on this—in this direction—is under way."
Bush chose not to talk specifics at the U.S.-Russia photo-op. Instead, he noted how Putin had recalled his recent stay at Bush's parents home in Kennebunkport, Maine. Putin said they both believe it would be fun to go fishing together in Siberia.
"For a minute, I thought he brought up the Kennebunkport visit to remind me that he was the only one who caught the fish," Bush said.
Earlier in the day, though, Bush took a jab at the rollback of democratic reforms under Putin's leadership.
"We'll continue to work with nations like Russia to advance our shared interests while encouraging Russia's leaders to respect the checks and balances that are essential to democracy," Bush said in a speech to business leaders at the summit.
http://www.breitbart.com/article.php?id=D8RGK1E01&show_article=1&image=large
This goes back to one of my posts on another site.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22654603
4 common sense points to war:
1. Rules of war: War is the only effective means for defeating evil.
2. In war there is no such thing as excessive force.
3. Using only the amount of force necessary to win, ennsures that you will lose.
4. The U.N. does not prevent war. It prevents war from working by stopping it before there is a definitive result. (see: Korea, Israel, Lebanon and Hezbollah) In doing so it invalidates the sacrifices of blood and treasure.
-faz
Guess that 504 is still ongoing. Whoever posted that it was supposed to be over on the 31st of August please post the email response from the CEO? I think that would be acceptable now that we know it is a untrue.
Thanks,
Susie,
I commend you for that. I enjoy a good debate. I consider myself a traditional conservative, however, I like to use facts when I debate. That is really the thrust of my original post. I respect your opinions and I have read some of your posts. I agree with you on some thins and not on others.
Thanks for the honest, calm and low on talking point rhetoric exchange. I look forward to any conversations in the future.
-faz
I am with dak on this one. I have a set of shares that I am going to flip. We are not going to trade out of these levels until we get a good PR that has significant detail and leaves few unanswered questions. This will generate the volume that we need to climb out of this rut.
-faz
Thanks.
Starting to see some good volume coming through in the .085's. Just need to keep up the pressure to breakout and climb above .10.
Once we see double digits, I think that we will start to get some increased attention. I am trying to eat up another chunk of the tiny float today!!
-faz
Supervisor Ammiano drafting legislation for ID card for illegals
Wyatt Buchanan, Chronicle Staff Writer
Friday, September 7, 2007
San Francisco Supervisor Tom Ammiano is drafting legislation to create a city identification card for immigrants unable to get traditional ID cards, a move likely to anger advocates of tougher immigration enforcement.
The cards would be accepted by all city agencies and organizations that receive city funding. Ammiano plans to introduce the legislation within a couple of weeks. He also is trying to persuade financial institutions to allow residents to use the cards to open accounts.
"There is a large community who contribute, and there are not a lot of safeguards around their (immigration) status, their piece of mind and their ability to participate," Ammiano said, adding that the card would be available to all people living in San Francisco regardless of their immigration status.
San Francisco could be the first large American city to have such a card. New Haven, Conn., has such a program, and New York City is considering one.
Ammiano said the impetus for the city cards came from the immigrant community, which asked for his help. Illegal immigrants who are victims or witnesses of crime often do not report the incident because they have no identification and fear deportation. Identification also is needed for many services, such as city health care.
San Francisco already has a sanctuary policy for immigrants, which means no city agency, including the police, will assist the federal government to deport people. So-called sanctuary cities have become a major issue among Republican presidential candidates.
Mitt Romney, the former governor of Massachusetts, has been attacking former New York Mayor Rudy Giuliani - including during a debate Wednesday night - over his city's sanctuary status. Romney broadcast a radio advertisement in Iowa and New Hampshire, where a voice-over states, "Immigration laws don't work if they're not enforced. That's the problem with cities like Newark, San Francisco and New York."
Later in the ad, Romney himself says that as president he would "cut back federal funds to cities that provide sanctuary to illegal immigrants," a pledge he repeated at the debate.
Mayor Gavin Newsom has been resolute in defending San Francisco's sanctuary status, and on Thursday his spokesman said Newsom supports Ammiano's idea for a card, which could be used for libraries, golf courses, public transportation and other services.
"The mayor strongly believes that this identification card should be extended to all San Franciscans, regardless of their immigration status," said Nathan Ballard, the mayor's spokesman.
The card also would be available to homeless people who prove they live in the city through a letter from a social service agency, Ammiano said. Currently, single-room-occupancy hotels require guests to leave an identification card at the front desk to enter the premises, which has been a burden on homeless visitors, Ammiano said.
Elderly people, youth and transgender people who face barriers to getting identification also would benefit from the card, he said.
New Haven began issuing the cards this summer. The application for the card is a simple form on which people can request that the information remain confidential. The card allows users access to the library and other public facilities and to put up to $150 on the card to pay for parking meters and for purchases at 50 stores in the city.
One immigrant-rights advocate said she had a "good feeling" about the cards becoming a reality in San Francisco.
"While they would not provide people permission to drive, and people aren't able to use them outside of San Francisco, they will really help undocumented immigrants ... with day-to-day functions," said Renee Saucedo, co-director of the San Francisco Day Labor Program, a project of La Raza Centra Legal.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/09/07/BAUAS0O6Q.DTL
San Fransicko is out of control. Maybe this is a way to get the illegals to come forward and then slap the cuffs on them. Nahhhh. The Fed needs to come in and intervene here. This sanctuary city is going off the deep end!
-faz
Very well, the whole "Jersey Girls" thing was definitely blown way out of proportion by her. I don't think she put down all the 9/11 firefighter's wives, just the 4 most visible in the media. I don't think the comments were tasteful or even warranted. On this we agree.