says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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How much plastic has the Flagship Monster eaten in the past 3 years?
Can you ballpark it for us?
What the World needs more than anything, is fewer Scam Artists like those that created and promoted TRTN/JBII/PTOI.
Just-in-time inventory management at work:
Country Of Origin South Korea
BRAKE PAD MATERIAL(COMPOSITE OF RUBBER AND GLASS)
Weight (LB) 1,056
Arrival Date 2013-11-30
https://www.importgenius.com/importers/plastic2oil-of-ny-1-llc
"We shut down our fuel production late in the fourth quarter of 2013....."
The company says 4Q revenue will be $5.7 to $7.7 million
Are they lying about that?
you mean when EcoNav was acting as some sort of MIDDLE MAN???
EcoNavigation Transaction
On January 2, 2015, we entered into four related agreements with EcoNavigation, LLC (“EcoNavigation”) in connection with the supply of plastic-to-oil, or P2O, processors by the Company to EcoNavigation, and the Company’s related license of certain P2O technologies, supply of catalyst materials and provision of maintenance and other services. The obligation of EcoNavigation to purchase any P2O processors and to perform its other obligations under the agreements are contingent upon successful completion of a pilot program and other contingencies described below. The four agreements, which are described in more detail below and attached as exhibits hereto are: (i) an Equipment Supply Contract, (ii) a Technology License and Referral Agreement, (iii) a Catalyst Supply Agreement, and (iv) a Monitoring, Maintenance, Repair and Upgrade Agreement (collectively, the “Processor Agreements”).
The Processor Agreements establish the Company as the exclusive supplier of processing equipment to be used by EcoNavigation, which is engaged in the business of processing plastic feedstock for the purpose of creating fuel. However, the Company may sell its processors or may enter into licensing agreements with other companies in the future, insofar as the Processor Agreements are not exclusive as to the Company.
Equipment Supply Contract
The Equipment Supply Contract provides for the purchase of P2O processors by EcoNavigation from the Company. Assuming the satisfaction of the contingencies described below, EcoNavigation will purchase a minimum of six processors within three years from the execution of this Contract. Further, not less than two processors, and up to four processors, may be ordered by EcoNavigation as part of its initial order (“Initial Order”). The amount to be paid by EcoNavigation to the Company under the Initial Order will be between $5 million and $10 million, depending on the number of processors ordered.
Technology License and Referral Agreement
The Technology License and Referral Agreement provides that the Company will grant EcoNavigation a non-exclusive license in the United States for a twenty-year term to use and apply certain technology owned by the Company for the processing of plastic feedstock using the processors purchased by EcoNavigation from the Company pursuant to the Equipment Supply Contract. In exchange for the license granted, the Company will receive a monthly royalty equal to five percent of the gross revenues from sales by EcoNavigation of fuel and other byproducts generated by the processors. This Agreement also provides for an escrow of certain know-how related to the catalyst, which will be automatically licensed to EcoNavigation in the event of certain failures by the Company to meet its obligations under the Catalyst Supply Agreement so that EcoNavigation may seek an alternate catalyst supplier until the failure is remedied.
Catalyst Supply Agreement
The Catalyst Supply Agreement provides that, for the same term as the Technology License and Referral Agreement, the Company will supply the catalyst needed by EcoNavigation for all processors purchased from the Company. EcoNavigation will pay the Company $0.50 per pound for the catalyst, subject to Consumer Price Index adjustments.
Monitoring, Maintenance, Repair and Upgrade Agreement
The Monitoring, Maintenance, Repair and Upgrade Agreement provides that, for twenty years from the operational commencement of the last processor supplied to EcoNavigation, the Company will perform monitoring, special maintenance, and upgrades in connection with the processors purchased by EcoNavigation. EcoNavigation will pay for parts and labor in accordance with a schedule set forth in the Agreement.
and...Revoked
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
09/19/2016 09:03:11 12(j)Registration Revoked by SEC 09/19/2016 09:03:00 NRDSQ Nord Resources Corporation Common Stock Other OTC
Revoked
Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
09/19/2016 09:02:08 12(j)Registration Revoked by SEC 09/19/2016 09:02:00 ANOS Anoteros, Inc. NEW Common Stock Other OTC
Revoked!
Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
09/19/2016 09:02:45 12(j)Registration Revoked by SEC 09/19/2016 09:03:00 TEXX Emperial Americas, Inc. Common Stock Other OTC
Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these forward-looking statements.
"Wuzzent Me" - Heddle, et al
FINRA Deletion
09/15/2016 16:27:23 CUSIP Suspended 09/16/2016 00:00:00 RENS ASPA Gold Corp. Common Stock Other OTC
He already 'sold' them once, to that ice cream scooper guy and the convicted ponzi scheme felon
plus 4 more machines besides!
How'd that work out?
Bordynuik also was barred for five years (from March 18, 2013) from acting as an officer or director of a public company.
https://www.sec.gov/litigation/litreleases/2013/lr22735.htm
Due to the many factors and uncertainties involved in capital markets transactions, there can be no assurance that we will raise sufficient capital to allow us to resume operations in 2016, or at all.
Finally some truth seeps out.
Here's my thinking
Involve LLC is sitting on ~4.5 million shares of CAPCD. They're willing to part with about a third of those for around what they paid, 15 cents, back to Capstone.
Why should I offer 3 times that in a bid?
Let Involve LLC come to me, I say. They may not. Fine. They may feel a need for some quick cash at some point.
Anyone else is free to push the bid if they feel the need. That's how a market works.
Nobody selling at this price.
Why is the PTOI board lacking the Company filings and news in the banner area?
oh whats this??? OH LOOK! They just retired 100 million shares......
Better look again. They 'retired' restricted shares from an insider or insiders. There was no open market buying.
Oh, and since you've been gone, they gagged the Transfer Agent, and raised the A/S by a BILLION shares.
Have you figured out who Alonzo Pierce is yet?
Bow thanks for the revolutionary support. The bottles continue to move!
Orlando expecting revolutionize customers this weekend and during tastings. pic.twitter.com/4sTrKx24Sd
— BlockQuarry Corp (@blockquarryco) July 1, 2016
reference to "selling" was about preferred shares,
Unfettered HorseHockey.
Bordynuik surrendered his 1,000,000 preferred shares in 2014; he didn't sell them.
1. Mr. Bordynuik was a party to a letter agreement (the "Letter Agreement") with certain investors (the "Investors") in a May 2012 private placement, which Letter Agreement contained certain restrictions on Mr. Bordynuik's ability to vote his shares of Series A Preferred Stock. Prior to the filing of this Form 4, the Letter Agreement was terminated upon the receipt of waiver/rescission notices from the requisite number of Investors required under the Letter Agreement's terms. On May 30, 2014, Mr. Bordynuik returned 1,000,000 Series A Preferred shares to the company for cancellation. For further information, see the Issuer's Current Report on Form DEF 14C filed with the Securities and Exchange Commission on May 29, 2014. On May 10, 2014 Mr. Bordynuik returned 650,000 options from the 2012 Long-Term Incentive Plan to allocate more shares in the plan for future staff and directors.
https://www.sec.gov/Archives/edgar/data/1381105/000121390014003893/xslF345X03/f4051014bordynuik_jbi.xml
Those preferred shares had some sweet liquidation preferences, too, a fact which old Johnny withheld from the investing public.
Do you really believe that Heddle and Bordy would share any equity in the new venture with the stuckholders in PTOI?
Not a chance. Heddle will zero out the accounts in Chapter 7, take the 20 Iroquois site, and if the local grant money is good, let Bordy set up shop there for a cut of the new pie.
Shareholders get left holding.
He told the Niagara Falls Urban Renewal Agency that he has invested $850,000 in cash in the planned project at the Union Carbide site.
Money he banked selling his shares in 2012, quietly, while his paid shills were telling everyone to buy, buy, buy!
SuckerZ!!!
Just think, $175,000 of that would have put the FlagShip back on line, turning that 10 year contracted free plastic into liquid gold.
Nah, second thought: Bordynuik didn't get rich dumping good money into scams.
Scams are for Rubes to put money in.
Man, if Cavoda gets in the Australian market, the sky's the limit. Daughter just got back from there. They drink plenty!!!
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3,150,000 shares at 0.029 would bring 91,350 to the company
if that many shares were optioned (as I recall, most options were awarded to exercise at 0.029).
Since the shares have split, that's 210,000 shares at 0.435 per share.
They've used a Form D to cover the optioning and sale of that many shares, my guess.
Nah, it's just me, sitting naked in my shorts, off shore on my yacht
I printed up 100 million air shares yesterday, and the rubes just keep bidding the stock up. They keep buying, I'll keep selling air shares. None can stop me, for I can not be detected. Better pull your certificates. Think that will stop me? Hah! Go ahead, I dare you. Ask for your certs.
Like Archimedes said: Give me where to moor my yacht, and I will NSS the Earth.
Well, I just hooked up the air compressor to the laser printer...
Gonna print me up another 100 million air-shares.
Gonna sell em abusively into the market from my off-shore yacht.
If that's what it takes to get this to trip zeros, so be it.
And there's nothing that anyone can do! Muhahahaha!
1) They need the cash to close a hole in their current accounts and any new product build for future sales.
2) $250,000 of the note could go to buying back 25 million shares from Involve LLC at a penny a share, which otherwise might be dumped on the market. I think Involve LLC has ~67 million shares in total.
Looks to me they've sold their rights to any of the AC Kinetics patents/royalties and their equity interest in AC Kinetics
for a note worth 1.5 million at 3.5% interest.
First look:
Involve LLC gave an option to the company to buy back up to 25 million shares at a penny a share, in 5 million share increments.
The AC Kinetics investment is being bought out for 1.5 million dollars (getting a note, not cash), and royalties are going away for the Kinetics products (the power LED bulbs, I think.)
Also: there may have been some legal action between the parties, which has been resolved via these deals.
They have about ~30 quarterly/annual reports to produce to get 'current'.
C'mon, use your heads. This is a pure pump and dump scheme.
They aren't going 'current'.
Any idea when that 2014 Annual meeting is going to happen?
How's that 2014 AGM coming along?
Do we have a date for that yet?
When they tried to process the Madison County waste plastic
it fouled the machine, taking the machine offline for cleaning. The bulk of the test plastic had to be hauled off to the landfill for disposal.
JBI/PTOI then told Madison they'd have to come up with cleaner plastic if they wanted to process it through JBI's machines.
Madison County told them to take a hike.
Of course PTOI didn't put forth a proposal. It would have been laughed at, and then landfilled.
Maybe the requisite 3 million share sale is done.
I had figured it would be around the first week of July.
If it is done, then Heddle can get on with the business of liquidating the company, and making himself whole.
What does "Alonzo Pierce" have to do with ISBG?
http://www.otcmarkets.com/stock/ISBG/profile
Company Officers/Contacts
Terry Williams CEO
Alonzo Pierce President
Kristina Mahoney-Brown Secretary
Company Directors
Alonzo Pierce
27 seconds to spare :)
http://www.sec.gov/Archives/edgar/data/1381105/000149315216010225/form10-q.htm
In your mind, Z
which was the bigger pyrolysis scam: USSE or TRTN/JBII/PTOI?
coldest winter in decades does have a tendency to shut down lots of businesses, which it did.
Bald faced Lie. It was not the coldest winter (actually, December 2013 was when the machine quit working). It was actually fairly mild for the area.
It broke down because they forgot to heat the cooling water, so it wouldn't freeze.
Only Rube Goldberg would be proud of that kind of design.
The machines are available for process runs for potential customers.
Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. An additional $300,000 of startup working capital will be required to resume operations mainly for hiring operational personnel and incremental overhead expenses. At March 30, 2016, we lacked the working capital or access to bank credit to make these repairs. We are reviewing our financing options, including the sale of shares of our common stock or other securities, in order to allow us to obtain sufficient funds to make the required repairs and resume pilot operation of our processors to support processor sales.
No new partner is identified. The 10-K language includes little that wasn't included in the press release except the above quote.
It can't hurt that oil is trading above $41 a barrel, either....
company reinstated on NV sos and NEW ceo showing thats different from OTC markets on NV sos