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I know this is not related, But does anyone have any advise or direction on how to proceed on this garbage left behind in my account? I is bad enough I bought in with CTXI / MHUS with an average price of 0.0048! Trying to generate funds as my wife is pissed with my current loss with this stock and 2,000,000 shares! I will continue to post any info about this stock I hear from Flannery.
100,000 AMEROSSI INTERNATIONAL GROUP
RESTRICTED SEE 03076L106
AMSNZZ Stock(US) $0.00 USD
350,000 JUPITER GLOBAL HOLDINGS CORP
REORG RESTRICTED PAIVIS CO
JPHCXZ Stock(US) $0.00 USD
3,000,000,000 PEARL ASIAN MINING INDUSTRIES
PREFERRED SHARES PER DTC
PAIMDZ Stock(US)
From: Jwfworld@aol.com [Add to Address Book] Flag Message To: willmorg135@peoplepc.com
Subject: Re: What is going on? MHUS
Date: Feb 6, 2007 8:17 PM
It will give us revenue and a chance to be profitable even before the MicroCars gets more solidly defined. The Global Vision guys are real pros, with long histories of success in what can be a tough business. I will publish their resumes as soon as the contracts are signed.
It is a good move for us, even it if looks like our interests are scattered.
I want to thank all for the support. I wasn't really looking for allot of attention. But thank you anyway! I was was however ready to give up on any posts or sharing bits of information on this stock situation we are all in. I Truly believed this would be around 0.02 by now when I first bought in at 0.0088, then 0.0071, 0.0048, 0.0035. A total of 2,000,000. I should have sold!
I have tried to share information to people like myself who may have made the same mistakes? I am also hoping someone in return will return the good deed if they hear something? I hope we all make money on this in the months ahead! Flannery is sometimes honest, but in the end he will do anything he has to make money for himself or his companies!
This has hurt allot of us with the unexpected dilution of this stock.
We will soon be hearing about the company's new plans of diversifying
and a progress report on how Micro Cars is bringing in interest and possible future contracts???
Part of me wants to get out at .0015 and eat this loss! My wife will kill when she finds out!!!! Another side of me is still hopeful this will reach 0.01 in 3-4 months?
I do not spend allot of time on this board. Mainly browse late at night. I only posted or replied 4-5 times in the past 3 months. Good luck everyone!
Doesn't anyone want to hear very important news and information?
I have replied and posted here 6-7 with nobody paying any attention and completely ignoring anything I say?
This will be my last reply and post. There must be a personal click to this forum. Fine with me! I have received 3 emails from Jeff Flannery in the past 3 days. I will share my info with any wise people out there who still believe in honest people trying to help each other!
Here are answers to 2 of those 3 questions I sent: Read all below bottom to top. This will explain things in action......
From: Jwfworld@aol.com
To: willmorg135@peoplepc.com
Subject: Re: What is going on?
Date: Feb 4, 2007 8:25 PM
Yes, there is strong interest... but there are so many factors with each situation -- local governments, banks, sometimes even US or international agencies.... that it will take some time. But it will happen.
In the meantime, we will look at other options and possibilities.
Jeff
From: Jwfworld@aol.com
To: willmorg135@peoplepc.com
Subject: Re: What is going on?
Date: Feb 3, 2007 6:29 PM
Hi Bill -- I will be making some announcements this week about what we are doing. Basically I am going to begin diversifying while we continue working with MicroCars. But I am looking to bring in revenues faster into the company. The MicroCar deals will take some time to get to production.
At these prices it does not take much to look like a lot of dilution is going on.
Jeff Flannery
There will be a new P/R per Flannery this week and also in a week or two about news and company direction? I think it will either help keep value at a more stable low price of about 0.001-0.0012 or cause a brief run up for a few days. But it will not be the huge news we are hoping for! It will not get me my needed 0.048
just to break even!!! Stupid me......
I should have sold!
There will be a new P/R per Flannery this week and also in a week or two about news and company direction? I think it was either help keep value at a stable price. 0.001-0.0012 or cause a brief run up for a few days. But it will not be the huge news we are hoping for!
This shoud be 0.01! Read below
ISSN: 1391 - 0531 Sunday, January 14, 2007
Financial Times
Micro Cars Ltd gets UNDP order for 30 minivans
Sri Lanka’s Micro Cars, Ltd has received a purchase order from the United Nations Development Programme (UNDP) in Sri Lanka for 30 Micro Car minivans, an official statement said.
The Micro Cars minivans generally retail for about US$10,000. However, terms of this sale were not disclosed, MicroHoldings US, Inc said in the statement issued from its San Diego headquarters.
MicroHoldings this week acquired a 40% equity stake in Micro Cars Ltd and hold the international license for Micro Cars vehicle and plant sales.
Jeffrey Flannery, CEO of MicroHoldings US, Inc said, “This order, from the local office of an international organization with the size and stature of the UN, is strong validation of the value that Micro Cars has developed in its line of vehicles. We also believe this demonstrates that Micro Cars can compete on an international level from the critical standpoints of production, quality, cost and service.” Established in 1995, Micro Cars, Ltd. is Sri Lanka’s only automobile manufacturer with a line that includes a sedan, a coupe, a minivan and a four wheel drive pickup truck. The Micro Cars facility at Peliyagoda is labour intensive, unlike U.S. and Western plants that rely on expensive automation and robots. The system was designed for countries such as Sri Lanka that have low labour rates but a need for high quality, inexpensive vehicles, the statement said. The company was established by veteran automobile engineer, Dr. Lawrence Perera, who struggled in the formative years to get the project off the ground in the wake of stalling bureaucracy.
It has its own Patent for small city cars which are made affordable to the general public and also cater to various other market segments through assembly of a variety of a range of vehicles catering to the ever growing automobile market within the country.
It is also involved in concept design projects for small hybrid vehicles, electric cars, diesel multiple units for railway.
The board of directors comprises Dr. Perera – Founder Chairman, Roy De Silva – Director, C. P. Guhashanka – Founder Director/ Marketing and Sabri Wahid – Director/Finance & Administration
Under the deal with MicroHoldings US, Inc, announced on January 8, the US company would pay $300,000 in cash over the next six months to Micro Cars. Shareholders of Micro Cars will also receive warrants in Holdings, exercisable after two years.
The statement quoted Flannery as saying the move to bring the parties together was the result of working together for over a year and seeing the benefit of establishing a closer working relationship. The Micro Cars plant is currently producing about 35 to 40 cars per months and has the capability to produce as many as 600 per month. The company also assembles a SUV under license to the Korean car maker SsangYong and sells that vehicle for about US$40,000 per unit.
Copyright 2007 Wijeya Newspapers Ltd.Colombo. Sri Lanka.
This should be .01
Nobody would disagree with you this stock has potential and will run sometime! But the reality is this stock should be at 0.007 - 0.009 right now on the news, PR's and signed agreement.
Instead, because of Flannery's diluting this stock to raise money which he has other means to do so, when this does finally make its run on a good new PR, it will start off from 0.0009!
So even at a 100% increase, it will only be 0.0018 instead of its true value without dilution to 0.018!!!!!
Myself and other bought in at an average of 0.004
How amusing is that to you?
All this for $300,000? I would think Flannery who is the CEO of 4 other companies, should be able to finance this money on his own rather than dilute this stock to such a low we are all loosing allot of money! Many bought in at 0.005 - 0.007. We believed in this stock and Flannery,s promises! Now we are stuck and have lost 5K to 10K whoever bought in at the above price?
Someone needs to call and really press Flannery for answers and an honest outlook in the months ahead.
We all should have chipped in and raised the $300,000 overselves and bought the 40% of MicroCars!!!
I can't believe this guy can't raise $300,000 on his own? Instead
he us taking money away from our families!!!!
All this for $300,000? I would think Flannery who is the CEO of 4 other companies, should be able to finance this money on his own rather than dilute this stock to such a low we are all loosing allot of money! Many bought in at 0.005 - 0.007. We believed in this stock and Flannery,s promises! Now we are stuck and have lost 5K to 10K whoever bought in at the above price?
Someone needs to call and really press Flannery for answers and an honest outlook in the months ahead.
We all should have chipped in and raised the $300,000 overselves and bought the 40% of MicroCars!!!
I can't believe this guy can't raise $300,000 on his own? Instead
he us taking money away from our families!!!!
I agree. But why this is so low in price is a mystery?
I doesn't make sense with the good PR's!
I am in at an average of .0048! I should have known better to sell and later get back in.
I hope Flannery is half as honest as he displays in his emails to me? If not, I will lose allot with my 2.5 Mil shares!
My wife will kill me!!!!!!!!!!!!!
No I do not feel comforted by the response from Flannery.
I do think this will break out sometime in the future when and if they sign a good deal? But I do not think this will move above .003 for 2-3 months now? Hope I am wrong as I bought most of my shares at .0045!!! I should have sold......?
Tanya and Yury
Thank you for your note. I stand by what I told you before: this is a very volatile stock in a brand new company. We have so much work to do to get the business side stabilized. It will be at least another three months before we can foresee bigger developments for the company. But we are moving forward.
At the same time, I have made it clear to shareholders that the stock is being diluted -- not by me personally, but shares have been issued to noteholders for debts owed to them and to raise a small amount of money for operations. As the financials reflect, I have been using relatively very little money to run this company while we get operations going. To date we have raised less than $120,000 for the entire year!
I can't explain the slide in the stock price. Many market makers had large blocks of stock in this company long before I took control. I would be speculating, but I assume a good bit of the trading comes from them. For example, much of the current slide happened during a time when I did not issue one share of stock to anyone and I know for a fact that no one I had issued stock to in the past had any holdings. If the stock suddenly went up, I would not have a better explanation for that either. No one can really predict what will happen and why at this level.
I will share some developments with the public come the new year. I truly wish the best for you and your family.
Jeff Flannery
Tanya and Yury --
Thank you for your note. I stand by what I told you before: this is a very volatile stock in a brand new company. We have so much work to do to get the business side stabilized. It will be at least another three months before we can foresee bigger developments for the company. But we are moving forward.
At the same time, I have made it clear to shareholders that the stock is being diluted -- not by me personally, but shares have been issued to noteholders for debts owed to them and to raise a small amount of money for operations. As the financials reflect, I have been using relatively very little money to run this company while we get operations going. To date we have raised less than $120,000 for the entire year!
I can't explain the slide in the stock price. Many market makers had large blocks of stock in this company long before I took control. I would be speculating, but I assume a good bit of the trading comes from them. For example, much of the current slide happened during a time when I did not issue one share of stock to anyone and I know for a fact that no one I had issued stock to in the past had any holdings. If the stock suddenly went up, I would not have a better explanation for that either. No one can really predict what will happen and why at this level.
I will share some developments with the public come the new year. I truly wish the best for you and your family.
Jeff Flannery
The agreements are for the following:
No money will come to CTXI from any sales from Micro Cars Sri Lanka or any business that they generate on thier own.
READ MESSAGE FROM FLANNERY BELOW WHEN I PUSHED THE ISSUE:
(1) Question? You will only gain sales and revenue from foreign new contracts?
Centrex will offer the MicroCars system on a license basis. MicroCars will provide support in design and engineering of the physical plant, training of workers, assistance in materials procurement and management, training in the use of special manufacturing, assembly and quality control technologies, as well as assistance in marketing and government relations. Centrex will receive a percentage of the license agreements it is able to negotiate with parties in other countries, as well as a percentage of royalties or other fees that are associated with each new transaction for a term of three years.
(2) Question? If you own 51%, why will all the above have to be
negotiated on a indiviaial basis?
No, it is just that this is a new type of deal for many of these countries and we will have to look at each one separately for right now. But we will realize all revenues and share in the profits from each of these according to our percentage ownership. We will know a great deal more once we complete the first transaction.
(3)Dr.Lawrence Perera CEO Transmec Group. Will not answer any my question for 5-6. He forwards this to Flannery
(4) This deal is only for 3 years as you can see above.
(5) CTXI may have some inquiries from the following countries?
Nepal, Bhutan, Syria and Sudan. But do you realy think any real sales or volume will take place from the above possible contracts?????
(6) We need contracts with Eastern Europe or smaller smaller European countries. Another answer to another question from flannery below:
I have a few Russian friends living in the USA who may buy into your stock. They feel this could be a great fit for that part of the world! Just an FYI....
Question? Do you plan to look at developing countries in Eastern Europe?
Answer: Would love to.
This seems like not a priority?
(7) How can Flannery be the CEO and runs 3 other companies at the same time?
How can be possible???
Will Morgan
I had high expectations. But I am now convinced Flannery os a crook and he is the only person who really makes money on the 4 companys he is CEO of!
I think this will have a nice run when some good P/R comes out and may reach .0075? I do not see big news coming out yet to run past .01 for a few months. Allot of this is based on the email from Flannery, parent company and my personal opinion. read below:
The fact is that our stock value will not increase with internal sales from Sri Lanka. CTXI receives no revenue from sales within
this country. Only new agreements with other countries. The most profitable is Eastern Europe and it seems Flannery is no currently looking in this direction.
I had been in contact before all this hype here got started with the Sri Lanka chamber of commerce, and Micro Cars Parent company.
The parent company will not even reply to my questions or advice! See below......
lawrence@trans-mec.com
Reference to your mail if you need any more information I think its better you getting touch directly with Mr. Jeff Flannery, who handles all shareholders/ investors inquiries.
Warm regards,
Dr. Lawrence Perera
Here is a reply from Flannery dated 5 weeks ago:
message dated 10/23/2006 5:10:54 P.M. Central Standard Time, wilmorxxx@yahoo.com writes:
(1) Question? You will only gain sales and revenue from foreign new contracts?
Centrex will offer the MicroCars system on a license basis. MicroCars
will provide support in design and engineering of the physical plant, raining of workers, assistance in materials procurement and management, training in the use of special manufacturing, assembly and quality control technologies, as well as assistance in marketing
and government relations. Centrex will receive a percentage of the license agreements it is able to negotiate with parties in other countries, as well as a percentage of royalties or other fees that are associated with each new transaction for a term of three years.
(2) Question? If you own 51%, why will all the above have to be
negotiated on a indiviaial basis?
No, it is just that this is a new type of deal for many of these countries and we will have to look at each one separately for right now. But we will realize all revenues and share in the profits from each of these according to our percentage ownership. We will know a great deal more once we complete the first transaction.
(3) Question? You will get no assets from business sales directly from Sri Lanka?
No, just revenues from the new agreement.
(4) Micro Cars also will be using French and German technology and manufacturing complete trains for Sri Lanka. This sound very interesting? Will you get involved in this technology?
We just represent it.
(5) I have a few Russian friends living in the USA who may buy into your stock. They feel this could be a great fit for that part of the world! Just an FYI....
Do you plan to look at developing countries in Eastern Europe?
Would love to.
(looks like Eastern Europe is not a current priority?)
The fact is that our stock value will not increase with internal sales from Sri Lanka. CTXI receives no revenue from sales within
this country. Only new agreements with other countries. The most profitable is Eastern Europe and it seems Flannery is no currently looking in this direction.
I had been in contact before all this hype here got started with the Sri Lanka chamber of commerce, and Micro Cars Parent company.
The parent company will not even reply to my questions or advice! See below......
lawrence@trans-mec.com
Reference to your mail if you need any more information I think its better you getting touch directly with Mr. Jeff Flannery, who handles all shareholders/ investors inquiries.
Warm regards,
Dr. Lawrence Perera
Here is a reply from Flannery dated 5 weeks ago:
message dated 10/23/2006 5:10:54 P.M. Central Standard Time, wilmorxxx@yahoo.com writes:
(1) Question? You will only gain sales and revenue from foreign new contracts?
Centrex will offer the MicroCars system on a license basis. MicroCars
will provide support in design and engineering of the physical plant, raining of workers, assistance in materials procurement and management, training in the use of special manufacturing, assembly and quality control technologies, as well as assistance in marketing
and government relations. Centrex will receive a percentage of the license agreements it is able to negotiate with parties in other countries, as well as a percentage of royalties or other fees that are associated with each new transaction for a term of three years.
(2) Question? If you own 51%, why will all the above have to be
negotiated on a indiviaial basis?
No, it is just that this is a new type of deal for many of these countries and we will have to look at each one separately for right now. But we will realize all revenues and share in the profits from each of these according to our percentage ownership. We will know a great deal more once we complete the first transaction.
(3) Question? You will get no assets from business sales directly from Sri Lanka?
No, just revenues from the new agreement.
(4) Micro Cars also will be using French and German technology and manufacturing complete trains for Sri Lanka. This sound very interesting? Will you get involved in this technology?
We just represent it.
(5) I have a few Russian friends living in the USA who may buy into your stock. They feel this could be a great fit for that part of the world! Just an FYI....
Do you plan to look at developing countries in Eastern Europe?
Would love to. (looks like not a current priority?)!!!
The avaerage small car price in Russia is $10,000+!!!
Sent to Flannery Late last night. Hope to get a reply?
Something isn’t right with this stock and activity?
Very Important. Please read below. This effects you also............
There is no logical way this should be dropping in value. On your recent P/R, this should be trading at 0.015 or higher!!!
Something crooked is working behind the scenes to keep this down?
You need to react quickly before you blow this stock and company for yourself and stock investors! As for future car deals, who is going to invest and sign a contract with a company with a sub penny value??????
Some Serious and Concerned Investors..........!
Jwfworld@aol.com
Mon, 23 Oct 2006 18:31:57 EDT Subject: Re: CTXI and Micro Car Questions......? To:wilmorxxx@yahoo.com
In a message dated 10/23/2006 5:10:54 P.M. Central Standard Time, wilmorxxx@yahoo.com writes:
(1) Question? You will only gain sales and revenue from foreign new
contracts?
Centrex will offer the MicroCars system on a license basis. MicroCars
will provide support in design and engineering of the physical plant,
training of workers, assistance in materials procurement and
management, training in the use of special manufacturing, assembly
and quality control technologies, as well as assistance in marketing
and government relations. Centrex will receive a percentage of the
license agreements it is able to negotiate with parties in other
countries, as well as a percentage of royalties or other fees that
are associated with each new transaction for a term of three years.
(2) Question? If you own 51%, why will all the above have to be
negotiated on a indiviaial basis?
No, it is just that this is a new type of deal for many of these countries and we will have to look at each one separately for right now. But we will realize all revenues and share in the profits from each of these according to our percentage ownership. We will know a great deal more once we complete the first transaction.
(3) Question? You will get no assets from business sales directly
from Sri Lanka?
No, just revenues from the agreement.
Micro Cars also will be using French and German technology and
manufacturing complete trains for Sri Lanka. This sound very
interesting?
(4) Question? Will you get involved in this technology?*
We just represent it.
Any feedback on this message I received? Whats your thought on the debt for shares?
Jwfworld@aol.com Add to Address BookAdd to Address Book Add Mobile Alert
Date: Fri, 13 Oct 2006 18:05:58 EDT
Subject: Re: Centrex Inc. and MicroCars
To: wilmorxxx@yahoo.com
CC: lawrence@trans-mec.com
Mr. Perera is referring to the Letter of Intent that was signed between Centrex and MicroCars. We are working on the final agreement now which is why it has not been released.
The shares are coming from old noteholders who are converting their debts to stock. These are people and agreements that preceded my taking over as CEO.
We will keep you informed as the events close and we can state these things publicly.
Thank you.
Jeff Flannery
CEO
Centrex Inc.
I have had success contacting the Sri Lanka Chamber of Commerce and parent company of Micro Cars.
I will submit parts of these emails for view. it seems like a done deal? I just can't undertstand why
Flannery hasn't posted the press release???
Dear Mr. Will XXXXXX
Noted your contents, and confirm that we have already signed up agreements with Centrex. Mr. Jeff Flannery's press release is based on these agreements.
Warm regard
Dr. Lawrence Perera
Chairman / CEO
----- Original Message ----- From: wilmorxxx*yahoo.com
To: <lawrence*trans-mec.com>
Sent: Friday, October 13, 2006 4:21 AM
Subject: Important Question about Micro Cars LTD?
ayoni*chamber.lk wrote:
Hi Will, attached is a mail from Micro Cars, copying a mail sent to
you by Centrex CEO. Hope you are in receipt. However, I trust this confirms the
relationship between Centrex & Micro Cars.
Cheers!
Ayoni
(Ms.) Ayoni Waniganayake
Senior Assistant Secretary General
The Ceylon Chamber of Commerce
Tel : +94 11 2326096 (Dir)/2380156/2433148
Fax : +94 11 2449352
www.chamber.lk
Subject: Re: Information On Micro Cars LTD?
To: wilmorxxx*yahoo.com
CC: ayoni*chamber.lk
From: ushantha*chamber.lk
Date: Wed, 11 Oct 2006 11:19:13 +0600
Dear Will
Pls find the contacts of Micro cars and their web for your reference.
Dr. Lawrence Perera
Chairman/CEO
94 773667650
lawrence*trans-mec.com
Mr.Guha Shankar
Director Marketing
94773667652
guha*trans-mec.com
web - http://www.trans-mec.com ( unavailable for a couple of days due to an update)
I have had success contacting the Sri Lanka Chamber of Commerce and parent company of Micro Cars.
I will submit parts of these emails for view. it seems like a done deal? I just can't undertstand why
Flannery hasn't posted the press release???
Dear Mr. Will XXXXXX
Noted your contents, and confirm that we have already signed up agreements with Centrex. Mr. Jeff Flannery's press release is based on these agreements.
Warm regard
Dr. Lawrence Perera
Chairman / CEO
----- Original Message ----- From: wilmorxxx*yahoo.com
To: <lawrence*trans-mec.com>
Sent: Friday, October 13, 2006 4:21 AM
Subject: Important Question about Micro Cars LTD?
ayoni*chamber.lk wrote:
Hi Will, attached is a mail from Micro Cars, copying a mail sent to
you by Centrex CEO. Hope you are in receipt. However, I trust this confirms the
relationship between Centrex & Micro Cars.
Cheers!
Ayoni
(Ms.) Ayoni Waniganayake
Senior Assistant Secretary General
The Ceylon Chamber of Commerce
Tel : +94 11 2326096 (Dir)/2380156/2433148
Fax : +94 11 2449352
www.chamber.lk
Subject: Re: Information On Micro Cars LTD?
To: wilmorxxx*yahoo.com
CC: ayoni*chamber.lk
From: ushantha*chamber.lk
Date: Wed, 11 Oct 2006 11:19:13 +0600
Dear Will
Pls find the contacts of Micro cars and their web for your reference.
Dr. Lawrence Perera
Chairman/CEO
94 773667650
lawrence*trans-mec.com
Mr.Guha Shankar
Director Marketing
94773667652
guha*trans-mec.com
web - http://www.trans-mec.com ( unavailable for a couple of days due to an update)