Reading about the Woozle effect....
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So. Let me be sure I understand this.
Corewafer Industries finally announces the settlement between Core Wafer Systems and Sandia Technologies. However, nmcourts.com shows the settlement was achieved a month and a half ago and I daresay the filing to postpone the trial suggests it was in the works two months ago.
But TODAY it's NEWS? Huh.
Okay, so, what have Gary, et al, been doing for the past couple months? It certainly doesn't appear to have been "rebranding" the website as claimed on Facebook. The website looks just as amateurish as ever. (And they're a 'software' company? LOL) They did delete some negativity from the Facebook page 'tother day. WOW. That's exciting. Not. One 8 hour old Twitter post: 'Exciting Times Ahead!' Gosh, that tells us a lot. Not. What have they been doing?
They've had a month and a half to get the merger ready to complete, but there are no filings in Nevada or New York…so what EXACTLY are they doing and what can an investor REALISTICALLY expect?
Before investing, I strongly suggest this read:
http://www.sec.gov/investor/pubs/pump.htm
Updated how? Looks exactly the same lame to me. They didn't even bother to add a link to the Q2. "Read More" button still doesn't do anything! What am I missing??
What a bunch of idiots. August 22 someone declares on Facebook, "We are starting work on rebranding the various corporate sites. We will release them once we are happy with the design and integration. Thank you!" Nearly a month later, they suddenly replace what little they did have with a Joomla template???
Seriously???
BTW, in case you haven't noticed, thetadelta.com, a site which is owned by Greg Miller (remember he's the Core Wafer Systems representative on the BOD) went BLANK weeks ago. Remember, Theta Delta was to be a "third party revenue stream" even though it wasn't registered for business in any state and had no factory.
Meanwhile, metawafer.com has gone, shall we say, "nebulous." The metawafer.com site is owned by Louis Deancono, mystery man who will own the majority of Corewafer Industries IF the merger ever happens.
While I'm updating here, NEEL is still not authorized by the DOT and that other trucking company y'all own some part of, NEX Global USA, is no longer authorized. So how, as stated on Facebook, they are "working on increasing our customer base and fleet" is just another WAFR mystery!
Third quarter is almost over - $12 million pro forma revenues - TICK TOCK!
Okay then. I won't get excited about it.
wateroven, have you looked at Ubon's facebook page? I can't find any questions nor any responses regarding Mamas Direct there.
Which claim is that?
Could you be more specific? What exactly is "coming together"? Links please.
How amusing...I just checked the Facebook page and whaddayaknow, on Aug 22 someone posted this from their mobile:
No one is buying into it except...
...PAPA sure saw a lot of shares change hands the last few days.
One might almost think Jim's hosting dinner parties somewhere...
Are you saying that my posts are performing a service for the community? Thanks! That's very sweet of you.
AP-i-Yi!!
Maria
What I can't figure out is why, if the merger is still in the works and if CWS is actually producing any sellable product and if General Thomas P. Stafford is out there energetically selling CWS products, why don't they all seem to care about the BRANDING of their products.
http://corewafer.com/ hasn't changed all year that I can see. It lists obsolete products and doesn't promote "current" products. It provides a UPS post office box for its Main Office address. Cortera, Manta, and LinkeIn all have outdated information, which no one cares enough to update. Why? And absolutely NO mention of a merger with APII on Corewafer.com. One might almost think CWS was dead. Or that someone lost the password. Or fired the employee with the password.
APII finally plastered their really impressive (not) new Corewafer Industries logo all over their Facebook page. Wow. Great branding there. And their website? What a joke! TWO - count them - TWO slideshow photos, one of which is a discontinued Agilent 41000 series product. Then try clicking on the "Read More" button. Yup. Nothin.
Which appears to be what this scam has now - nothing. Not even enough momentum to put out another deceptive PR.
I think the best answer to your question is this quote from martinsi, post #22014, June 19, 2012:
This claims 10-19 employees AND an office in Albuquerque. I can assure you that office closed a LONG time ago.
http://www.manta.com/c/mtx10sw/core-wafer-systems
This claims the office is in Waseca, MN with 10-20 employees:
http://start.cortera.com/company/research/k7r8jvl4m/core-wafer-systems/
Core Wafer Systems own website doesn't mention MN as an office location even though it IS the address given in the Nevada registration. The CWS website says "Offices in California, New Mexico, Thailand, India and Taiwan," although there is NO office in Albuquerque and the office address given in California is a UPS post office box.
This is really curious: http://www.yellowpages.com/milpitas-ca/mip/metawafer-technologies-470963787
Make sure you notice that Corewafer Inc. is also mentioned on the right side of the page above at the same address: 1072 Yosemite Dr, Milpitas, CA 95035. Not Corewafer Industries. Not Core Wafer Systems, Inc.
Corewafer Inc. and Metawafer Technologies. Metawafer Technologies also now claims the copyright on the ThetaDelta website.
I mean, what's with that?
Blow Me Away Media is in default with the Secretary of State in Nevada. This link should work:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=yOv94McPoMikKW5ZS83UIw%253d%253d&nt7=0
If for some reason it doesn't, this link will get you to the Nevada Secretary of State website business search page:
http://nvsos.gov/sosentitysearch/
The default status appears to mean that their license expired on July 31, 2012. Jim may just be late and will correct this. Or maybe not.
BTW, if you'd like a really useful website, the link below for Corporate Creations will take you to a page where you can search in any state. Typically pennies are registered in Nevada, Delaware, and Florida, but sometimes they're registered in other states.
https://www.corporatecreations.us/States/
If, for example, you check Mama's Direct in Nevada, you'll find that Jim reserved the name last year in Sept (expired in December, 2011), but didn't actually register Mama's Direct until June, 2012. That might sound good IF he hadn't claimed that it was already registered in a PR way back in January, I think.
Q2 was posted July 17. Not a word, not a sign in the month since. Blow Me Away Media is in default in Nevada. Somebody revoked the liquor license transfer for the restaurant in the Riverwalk Building in Pueblo. According to the Q2, Papa Bello added a half million in additional paid in capital and a related party loan. And, word is, none of the investors in Pueblo have proof that they bought shares.
I wouldn't exactly consider any of this proof that Jim hasn't quit or that he is doing anything for the benefit of investors. In fact, I'd say he's turned off the scamboni, taken the keys, and walked away.
If you remove "Goodwill" (which is what you tell people you have when you have nothing else) and correctly add the entries, Stockholders' Equity is a negative half million and NOT $2 million as reported in the Q2.
IMO.
Current Assets:
Cash 148,825
Inventory 25,432
Property and Equipment 58,125
Other assets 15,463
Total Assets 247,845
Current Liabilities:
Accounts payable 11,990
Accrued liabilities 17,348
Capital leases payable 16,758
Related party note payable 250,000
Preferred Stock Equity 3,000
Common Stock Equity 10,358
Additional paid-in capital 250,000
Accumulated deficit 214,100
Total Liabilities 773,554
True Stockholders' Equity -525,709
Total Liabilities and Stockholders’ Equity 247,845
The merger will happen or it won't in the second half of 2012. Based on observations I've already posted, I'm pretty certain any CWS intellectual property worth having will NOT end up in Corewaffer Industries even if there is a merger.
Thanks to doggone, we know who is driving the 'scamboni' here. It will be at work soon, smoothing the ice in the hopes that investors won't notice just how thin the ice really is.
Knowing NOTHING about the issue that went before the Florida court, I am wondering instead about Gary's competence or lack thereof. His story regarding this keeps changing. Is he incompetent or is he dishonest? Why the correction (in both places in the document) from $54,607 and $354,607 (yup, not EVEN consistent in the Q1) to $1,000,000 in both references in the Q2?
In the Q1, it was a settlement offered by APII. In the Q2, it is a "summary judgment in the amount of $27,167.95 plus attorney’s fees." What is the TRUE story?
Perhaps you believe everything that comes out of the mouth of a person whose story continually changes. I don't.
"A Second Quarter of resounding distress for Papa Bello Enterprises"
When does the PR come out? Or for that matter the Q2?
And what's the deal with this? Did Gary just forget?
Q2:
Q2 filed with a squeak heard in Shanghai.
If one compares the Q1 and Q2 side by side, it's a bit like watching sand dunes move. A little more sand here, a little less there. Q1 numbers are mysteriously revised in the Q2; a figure reported elsewhere in the document is taken from a different line in the consolidated balance sheet on the Q2 than it was in the Q1; etc.
Does the person(s) writing this thing know what they're doing? Seriously, it took a month and a half to report sales of $105,976 for the three months of the second quarter?
I was right about one thing. No merger.
So what? What does it matter what Teresa McW - or whoever - claims on a FB page. The deadline for filing the Q2 was today. It's late.
Sigh. No Q2. I am so bummed.
But not at all surprised. Does anyone know when the Yield sign will appear?
AP-i-yi!!
Maria
Gosh. You are so right. My bad. LOL
I don't know what, if any, legal rights you have, but if I were in your shoes I would start here:
https://www.coloradoattorneygeneral.gov/departments/criminal_justice/securities_fraud_unit/securities_fraud_report_form
I will warn you that in my experience complaints, or threats of complaints, to governmental agencies are fairly effective with reasonably reputable companies; not so effective with companies who just don't care. But it's still worth a try...
GLTY
Q2!! Q2!!
(This is just like the morning of Christmas Eve when we got to open one present.
What will be in it?
Will it be fun to play with?)
Post it! Post it!
Why so slow???
POST THE Q2 ALREADY!!
How odd that the much touted PDQ-WLR and PDQ-WARp are listed on ThetaDelta's website AS THOUGH they are ThetaDelta products with NO mention whatsoever of Core Wafer Systems.
How equally odd that PDQ-WLR is listed on Core Wafer Systems website in a way that can only be described as listless. And PDQ-WARp isn't listed at all.
I think that were I COB of the "merged" companies, like General Thomas P. Stafford might be, I would object to this.
But I've never been to the moon, so what do I know?
I thought PDQ WLR and PDQ WARp were Core Wafer products. Apparently not anymore:
http://www.thetadelta.com/product-and-solutions/software/test-libraries.html
Wasn't this the intellectual property worth $50M?
Uh-huh.
Based on what information? A reassuring text message from Jim?
I believe you're thinking of this:
Say, whatever happened to Theta Delta, the "third party" revenue stream? Remember this PR? I don't believe you'll find it in the ibox anymore. http://www.prnewswire.com/news-releases/core-wafer-systems-adds-third-revenue-stream-with-third-party-alliance-138848779.html
Back in April, Theta Delta's website was copyrighted by 8Wolf Technologies which is associated with Louis De Ancona and therefore not a "third party."
Today, Theta Delta's website is copyrighted by "Metawafer Technologies." Metawafer Technologies isn't registered for business anywhere that I can find, anymore than Theta Delta was, but it does have a website: http://metawafer.com/ and a really spiffy logo with a ® (though I can't find a trademark registration for it). Alas, Metawafer.com is currently down while it "migrates."*** But the logo says "Characterization + Reliability Systems Powered by parallel measurements." Hmmm...sounds a bit like what CWS did...er, does.
The website is registered to Louis De Ancona. See http://whois.domaintools.com/metawafer.com
My current take on WAFR is this: No merger, now or likely ever. Louis has turned his attentions and energies to Metawafer. And who knows where the CWS intellectual property will end up? I bet Louis does.
ONE NEW CAVEAT: The "72 hours" for migration have turned into at least 300 or more since I posted this originally. Maybe Louis is being courted by Gary to keep him in the deal...or not. Maybe Metawafer.com is as dynamic (not) as Corewafer.com, Louis's other website.
Back to the Q2, I suppose the CFO might be out in the parking lot, even as I type, counting all the new NEEL trucks.
However, those trucks, if they exist at all, are probably down in Florida hauling for the other trucking company APII, I mean, WAFFER hasn't even mentioned to its stockholders.
Oh, it was a cut and paste, remember? And weren't those of us who questioned the $738 million in "free trading shares" silly to make such a fuss over a little typo by the CFO? I mean, anybody could make that mistake.
I sent a question about that to the SEC, btw. Took the SEC a month or more to respond and the response was unimpressive. (Here's a hint, kids: the SEC doesn't give the back end of a rat how much $$ you lose on a penny stock, no matter how crooked or inept or crooked they might be…)