Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Posted by: adams75
In reply to: old retailer who wrote msg# 76 Date:6/6/2006 7:07:56 PM
Post #of 5955
I BOUGHT 10,000 (RSPG) TODAY @ 1.29
Despit the market moving down every single day...RSPG always find the way to move up for the past few weeks.
I did add today 10,000 to my over all position.
Good Luck
Not to mention the paid mailers from Scott Fraser, usually a horrendous sign of things to come.
Looks like only 1000 shares traded in Frankfurt, unless I am mis-reading. It did predict today's US move though.
Do you know more about this?
Thanks guys - please excuse my natural skepticism about bb stocks - there are exceptions to every rule, of course.
Peter
=DJ IN THE MONEY:Promoter Under SEC Probe Touts Beverage Creations
Wednesday, February 20, 2008 2:49 PM
By Carol S. Remond
A Dow Jones Newswires Column
In many ways, Beverage Creations Inc. is typical of the many budding companies hoping to make it big.
Full of dreams and short on cash, this St. Paul, Minn., company trades under the ticker symbol BVRG on the unregulated Pink Sheets market. Beverage Creations is hoping to make a splash with a new sport beverage called bio2TONIC, "the only water product that comes with an inhalable shot of oxygen attached to its core."
While Beverage Creations' claimed benefits of combining water and oxygen might sound intriguing - relief from fatigue, stress, jet lag, altitude and alcohol sickness and increased mental acuity - there are a few reasons investors should take a major time out before purchasing the company's stock.
Earlier this month, the shares of Beverage Creations were touted in a mass mailer financed by Wynn Industries.
Wynn Industries' principal Jason Wynn is no stranger to readers of "In The Money." In two columns last year, Dow Jones Newswires highlighted Wynn's role in the promotions of ConnectAJet.com Inc. (CAJT) and Alchemy Creative Inc. (ALMY), two companies whose stock prices have since taken a dive.
In the case of ConnectAJet, the Securities and Exchange Commission in October temporarily halted trading in the company's stock, warning the investing public about "manipulative forces or deceptive practices."
A court document filed in federal court in Texas shows the SEC in investigating Wynn and others for unregistered sales of securities, among other things. Wynn's lawyer, David Clouston, said his client believes that his activities in ConnectAJet "were entirely proper." Clouston said Wynn denies selling unregistered stock or distributing stock to third parties.
Anthony Christmas, a spokesman for Beverage Creations, said Wynn was one of two investors who bought into Beverage Creations' convertible debt offering last July. Beverage Creations declined to provide the name of the other investor or give details of the offering.
Whatever the terms of that debt deal were, one can bet that Wynn bought stock on the cheap - in the case of ConnectAJet he bought 10 million shares for $100,000, or 1 cent a share - and is attempting to profit by raising investors "awareness" in the company and its product.
"Fuel your portfolio with BVRG! Cash In On The $19.2 Billion Sports Drink Market," screamed the brochure mailed from Dallas.
Unabashed like most touting sheets, the promotional mailer forecasts extraordinary gains for those investing into Beverage Solutions' stock with a "profit potential of 275% to 350%" in the next 30 to 60 days.
According to a disclaimer, Wynn Industries received 3.3 million shares of Beverage Creations, which may be sold at any time. The disclaimer contains the usual warnings about investors performing their own due diligence before buying the stock and notes that Wynn Industries paid $370,000 to produce and distribute the mailer.
Spokesman Christmas said Beverage Creations has nothing to do with the stock promotion and that Wynn isn't providing any services to the company. Christmas said the company plans on drafting a letter asking Wynn to cease his activities.
Wynn's promotional activities aside, there is another reason investors might want to exercise caution.
While Beverage Creations claims to have "entered into discussions" with Coca Cola Enterprises Inc. (CCE), Coca Cola Co.'s (KO) bottling partner, in a press release on Feb. 11, neither company appears to have been talking with the company.
A spokesman for Coca Cola Co. said the company has no knowledge of any relationship with Beverage Creations.
Beverage Creations became a publicly traded company through a reverse merger with a corporate shell called Granite Golf Group Inc. in September. The company said in a disclosure statement filed with Pink Sheets that as of the end of December it had $12,506 on its bank accounts and inventories worth about $96,000. The company listed accounts payable of $43,000, credit cards bills of about $14,500. It also listed as long term liabilities some $545,250 in notes payable.
The company had 56.8 million shares outstanding at the end of 2007 with Chief Executive Robert Wieden and Chief Operations Officer Patrick Dado each holding 21.6 million shares.
It's unclear how Beverage Creations plans to finance its recently announced acquisition of bottling and production facility Encore Labs Inc. Company spokesman Christmas was unable to immediately provide details of the planned purchase. While Christmas said Encore Labs is located in Minneapolis or St. Paul, no company bearing that name appears to be incorporated in the state of Minnesota.
Wynn declined to comment about his involvement with Beverage Creations and referred all questions to his attorney.
In late December Wynn unsuccessfully attempted to block an SEC subpoena seeking access to his banking records.
The Commission provided details of its otherwise non-public investigation into ConnectAJet and people associated with the company in its reply to Wynn's court challenge.
The SEC said in a court filing in the U.S. district Court for the Northern District of Texas, Dallas, that it's investigating whether the "registration and/or antifraud provisions of the federal securities laws have been or are being violated by ConnectAJet.com Inc. or any of its officers, directors, partners, subsidiaries and/or affiliates" in connection with the offer, sale or purchase of securities issued by ConnectAJet."
The Commission said that it has "information tending to show that Wynn and others have sold, or participated in the sale of securities issued by ConnectAJet as to which no registration statement was or is in effect or on file with the commission."
The securities regulator also said it has "information indicating that Wynn and others misrepresented and failed to disclose to investors and potential investors in ConnectAJet material facts regarding" the company.
"Obtaining Wynn's bank accounts is a key step for the Commission staff to unravel, and if necessary and appropriate, halt illegal and fraudulent activities surrounding ConnectAJet," the SEC said.
"Records may help demonstrate the amount of money Wynn has received from the potentially illegal sales of ConnecAJet stock and/or promotional activities in connection with the offer, purchase and/or sale of ConnecAJet stock," the SEC added.
A federal judge sided with the SEC in late January, finding that the records requested are for a legitimate law enforcement inquiry and denying Wynn's motion to challenge the subpoenas.
A spokesman for the SEC declined to comment.
(Carol S. Remond is an award-winning columnist who won a Gerald Loeb Award in 2005 for best news service content with "Exposing Small-Cap fraud," a series of articles that described how three small companies unscrupulously pumped up their stocks.)
-By Carol S. Remond, Dow Jones Newswires; 303-997-5783; carol.remond@dowjones.com
Is the huge market cap of this bb stock justified? Do they have some magic technology that's better than everyone else? How can $500mm mkt cap be justified on this tiny company?
Anyone want to take a stab at this?
Thanks jonesie re the charts technique. I haven't had a chance to try it out yet. I will though. Thanks again.
Re Flyer - I would post it, but someone sent it to me as a fax and the resolution and contrasts are not great. Anyway, it's just a lot of hyperbole, save for the Wynn shares. Sorry I can't be more helpful.
Jonesie, how do you put together those multiple charts and post them? That's a great view.
If you have time later on, let me know, please.
peter
=DJ IN THE MONEY: RemoteMDX Stock Down 34% In Heavy Volume
By Carol S. Remond
A Dow Jones Newswires Column
Game over at RemoteMDX (RMDX).
The stock of this Utah-based security device company had been on a
tear after large insider Vatas Holding GmbH visited fund managers late
last year to rally support.
RemoteMDX stock took off after bullish Vatas managing director Lars
Windhorst told fund managers that he planned to have the stock of
RemoteMDX trade on the Nasdaq stock exchange, where it would garner
more attention and support.
A security has to have a bid price of $4 a share or above for 90
consecutive days before being eligible to trade on Nasdaq.
Alas, while RemoteMDX' shares traded at or above that threshold for
a short period of time, the stock quickly faltered and dropped below
$4 in late December.
Through its SecureAlert subsidiary, RemoteMDX offers TrackerPal, an
ankle bracelet combining cellular and global positioning system
technologies that help law enforcement officers track offenders.
RemoteMDX stock topped at $4.22 a share on Dec. 7 but closed below
$4 on Dec. 27. The stock was recently trading around $2 a share, down
34%, or $1.02, on the day.
Perhaps coincidentally, support for RemoteMDX' stock appear to
falter after Windhorst was involved in a plane accident in Kazakhstan.
According to published reports, Windhorst's plane stopped over in
Almaty for refueling and collided with a building on takeoff. A pilot
was reported dead and Windhorst was reported to have been injured in
the crash.
Windhorst and SecureAlert's President Randy Olshen weren't available
to comment despite numerous telephone calls seeking comment.
Windhorst is quite a celebrity in his native Germany. He was hailed
as a wunderkind entrepreneur in the 1990s when he started his own
electronic company at 16 years old. He later fell from grace as his
business faltered and he was forced to file for personal bankruptcy in
2003.
Perhaps alarmed and or distracted by its sharp price drop, the
company in a corporate press release issued early Thursday came up
with a new accounting term to highlight its financial performance.
While investors might be familiar with earnings before interest,
taxes, depreciation and amortization or EBIDTA, RemoteMDX appears to
be the first company to use "loss before research, depreciation and
amortization" to describe its performance.
RemoteMDX reported "being operationally positive cash earnings on
total revenue of $6,005,545" for the quarter ending Dec. 31. "When
compared to the same period ending Dec. 31, 2006 that showed $988,237
in revenues, and a loss before research, depreciation and amortization
of $4,934,427, RemoteMDX shows impressive financial growth as it
continues to execute on its Business Plan."
According to its quarterly report filed with the SEC Thursday,
RemoteMDX had $7.7 million in cash at the end of December with total
assets of almost $22 million. For the last quarter of 2007, the
company reported a gross profit of $1.4 million and a loss from
operations of almost $4.6 million.
The company burned through $1.3 million in cash in the quarter
ending Dec. 31 and carries a "going concern" warning.
Short sellers, those investors who bet that the price of a security
will decline, have long been critical of the company. There were 12.8
million shares of RemoteMDX sold short on Jan. 31.
A short selling Web site called Citron Research, formerly known as
Stock Lemon, highlighted alleged issues with RemoteMDX in early
December.
Asked about Citron Research's report on the company, SecureAlert's
president Olshen in December declined to comment and said that the
company would issue a formal response via email. Olshen didn't reply
to an email request, nor did he respond to several phone messages.
Citron Research and other short sellers have peered over RemoteMDX'
reported sales, raising questions about several large clients.
Among those is Security Investment LLC, a company which accounted
for 48% of SecureAlert sales in the three months ended Dec. 31, 2006.
The company reported net sales of $835,000 that quarter.
Online records show that a company named Security Investment
Holdings LLC was incorporated to do business in the state of Utah on
Dec. 12, 2006, 19 days before the end of the quarter.
The company was registered by C. Eugene Gronning who happens to be a
RemotedMDX shareholder. Gronning didn't reply to several telephone
calls.
(Carol S. Remond is an award-winning columnist who won a Gerald Loeb
Award in 2005 for best news service content with "Exposing Small-Cap
fraud," a series of articles that described how three small companies
unscrupulously pumped up their stocks.)
-By Carol S. Remond, Dow Jones Newswires; 303-997-5783;
carol.remond@dowjones.com
TALK BACK: We invite readers to send us comments on this or other
financial news topics. Please email us at
TalkbackAmericas@dowjones.com. Readers should include their full
names, work or home addresses and telephone numbers for verification
purposes. We reserve the right to edit and publish your comments along
with your name; we reserve the right not to publish reader comments.
(END) Dow Jones Newswires
02-14-08 1601ET
Copyright (c) 2008 Dow Jones & Company, Inc.
- - 04 01 PM EST 02-14-08
This piece explains the Wynn involvement very nicely:
A Car Salesman, A Mortgage Banker And Connect-A-Jet
Wednesday, September 19, 2007 11:14 AM
By Carol S. Remond, A Dow Jones Newswires Column
A car salesman and a mortgage banker are behind Connect-A-Jet.com Inc. (CAJT), a high-flying Pink Sheets company that claims it's about to become the first online booking platform for private jets.
The company's stock price jumped to about $3 a share in the last couple of weeks, giving it a stock market value of around $465 million. Pretty amazing for a company yet to start business, one bereft of information about its financials and insiders and one seeminly run by people who lack aviation or travel experience,
Connect-A-Jet became public through a merger with Venture Capital Inc., a corporate shell which last filed required information with the Security and Exchange Commission back in 1992.
From the time it began trading on Aug. 23, Connect-A-Jet stock has been heavily promoted through spam faxes and emails as well as advertisements on CNBC and in USA Today.
"Connect-A-Jet (CAJT): Set to Take Off," screamed two full page ads in the newspaper. "The missing piece in corporate aviation," "Join Early Investors and Buy CAJT Now Before the Rest of Wall Street Gets In," the ads went on.
Connect-A-Jet has also made big claims in a number of press releases, alleging deals or alliances with well-known and experienced private jet operators, including Executive Jet Management, a NetJets and Berkshire Hathaway Inc. (BRKA) company.
But some of the company's supposed partners told Dow Jones Newswires that they have nothing to do with Connect-A-Jet and have told the company to stop using their names. Others said they had agreed in principle to rent their jets to Connect-A-Jet when and if the company requested it, but have yet to do any business with the company.
"Our lawyers are talking to them. We are not doing business with them and didn't authorize them to use our name," said NetJets spokeswoman Maryann Aarsetti.
Meanwhile, Aviation Research Group/US Inc. President Joe Moeggenberg told Dow Jones that his company asked Connect-A-Jet to stop using its name on its Web site. Connect-A-Jet claims on its Web site that all operators affiliated with the company are reviewed by ARG/US.
What the ads, the spams or the corporate press releases didn't tell would-be-investors is that Connect-A-Jet is the brain child of Jason Wynn, an online entrepreneur who also happens to have paid for some of the promotional activity that spurred the company's stock price and trading volume.
According to information posted on his Web site http://www.wynnindustries.com, Wynn "was primarily focused on the automotive industry, selling new and slightly pre-owned luxury-high line vehicles to the public via the Internet." That information disappeared shortly after this reporter reached Wynn on his cell phone. Wynn's name and telephone number can still be found on online car ads.
Wynn told Dow Jones that he developed the Connect-A-Jet concept and sold it to Martin Cantu. Wynn said he couldn't remember when the sale took place and declined to say whether he sold any of his Connect-A-Jet shares. He said he's a consultant for the company and doesn't have anything to do with day-to-day operations.
According to disclaimers on the USA Today ads promoting Connect-A-Jet, Wynn Holdings paid $39,500 to Discovery Stocks to place these advertisements and others. "Wynn Holdings received 10 million shares (of Connect-A-Jet) stock that may be sold in the market at any time, without notice, for multiple purposes...," the disclaimers stated. The ads ran on Sept. 4 and Sept. 5.
Asked how Cantu's past professional experience as a mortgage banker and lawyer prepared him to run a private charter company, Wynn said Connect-A-Jet's chief executive officer has "plenty of aviation experience."
Martin Cantu and Susan Cantu, who is listed as company secretary on corporate information provided to Pink Sheets, didn't return several telephone calls seeking comment. Steve Clark, head of Discovery Stocks, the Texas-based stock promotion outfit hired by Wynn to hype Connect-A-Jet, didn't reply to an email seeking comment. Pink Sheets slapped a skull and bones warning sign on Connect-A-Jet's information page on http://www.pinksheets.com after it received a spam fax about the company.
Martin and Susan Cantu are both listed on Connect-A-Jet's April 27 incorporation document in Nevada.
According to information available online, Martin Cantu is a lawyer in good standing in Texas where he has been practicing since 1984. Connect-A-Jet's corporate address appears to be Cantu's law office. Court documents show that Cantu has in the past acted as a court appointed lawyer on several cases in that state.
It's unclear when Cantu transitioned to mortgage banking, but a 2005 press release from the U.S. Department of Labor shows that he and Specialized Financial Services Inc., doing business as SFM Mortgages Co., were sued for violating the Employee Retirement Income Security Act by failing to timely remit $19,156 in employee contributions to the plan between Dec. 2001 and June 2002.
According to information filed with the SEC, Cantu is also president and CEO of Lion Capital Holdings Inc (LCHL) and CEO of Montview Equity Inc., itself the owner of Trian LLC, a mortgage banking firm.
In April, North Carolina's Commissioner of Banks suspended Trian's mortgage lender license, preventing the firm from doing business in that state after the surety bond securing its license was cancelled.
Trian and AFM Mortgage Bankers, another lender that appears to be controlled by Cantu, share the same address and telephone number as Connect-A-Jet.
Wynn referred all questions about Connect-A-Jet's operations to Cantu. Wynn acknowledged paying for the USA Today and CNBC advertisements but said he had nothing to do with spam emails and faxes. He said that part of his agreement with the company was to stay on as a consultant and help build investors awareness.
Wynn said he doesn't remember when Wynn Holdings LLC, the firm that paid Discovery Stocks, was created, but a state filing shows that the firm was registered in November 2006 in Minnesota.
An incorporation document shows Connect-a-Jet was registered in Texas in January 2007 with Wynn as managing member. Wynn's name also shows up on Connect-A-Jet's Internet registration. The address listed on that registration is that of AutoLink, a car dealership in Dallas. A woman answering the telephone at AutoLink said Wynn had been using "one of our offices" but moved out "about four months ago."
A link on Wynn Industries' Web site redirected visitors interested to learn more about Wynn Air LLC to Connect-A-Jet's Web site. The sites http://www.Wynnindustries.com and http://www.connectajet.com used similar plane images before Wynn Industries' Web site was slapped with a "We are doing maintenance on our site. Please check back soon" sign shortly after Dow Jones contacted Wynn about his role at Connect-A-Jet.
According to its Web site, Wynn Industries "integrated the concept of connecting people through the Internet using several companies: Wynn Air LLC, Wynn Vest LLC, Millennium Auto Collection and Beverly Hills Imports."
Wynn Vest on its Web site claims to want "to 're-invent' the way the world seeks and provides capital. In the very near future, people from all around the world will be able to obtain capital from many diverse sources through the utilization of this site." It's unclear whether the firm was ever involved in any deals.
Connect-A-Jet's stock, which began taking a tumble late last week, was recently trading at $1.99 share.
(Carol S. Remond is an award-winning columnist who won a Gerald Loeb Award in 2005 for best news service content with "Exposing Small-Cap fraud," a series of articles that described how three small companies unscrupulously pumped up their stocks.)
By Carol S. Remond; Dow Jones Newswires; 303 997 5783; carol.remond@dowjones.com
(END) Dow Jones Newswires - 09-19-07 1114ET
I appreciate the civil replies from you guys on the "other side of the aisle".
My due diligence is done. CCTC is worth about nothing in my opinion.
Good luck with your trading.
Prior to Monday, February 11, it had barely traded at all. Still barely trading, really.
Posted by: AngusYoung
In reply to: None Date:2/11/2008 12:11:40 PM
Post #of 247703
CCTC up 63% to $14 now. Still cheap!!!!
How much do you think this technology is worth?
Does the $750,000 for 25% deal in 2006 have any impact on your evaluation?
Wait... BVRG is one of your favorite stocks? That's the Jason Wynn promotion?
Received a paper promotion re BVRG yesterday in the mail. Wynn Industries received 3,500,000 shares. Jason Wynn is the same guy involved with CAJT - Connect A Jet.
Good luck with this one.
And here is a valuation of SAMI per one of the CEIW acquisition documents - dated January 2006:
CEI shall pay to SAMI Seven Hundred Fifty Thousand Dollars ($750,000)(the "Cash Payment") and issue Three Million (3,000,000) shares of CEI's rule 144 common stock (the "CEI Stock") to SAMI in exchange for the assignment by SAMI of a twenty-five percent (25%) interest in SAMI's patented clean coal technology, patent # 6,447,559 herein
referred to as the "SAMI Technology", including any subsequent improvements thereto, to HOLDINGS.
http://www.secinfo.com/dUuzd.v22.u.htm
Now that's a far cry from $4 billion.
Still, common sense would lead one to surmise that a technology worth $4 billion would have found a partner stronger than Consolidated Energy in the 8 years since the patent was granted.
There are some pieces missing from this puzzle, in my view.
The history of transactions between Mr. Hunt and CEIW, the common board members, and CEIW's bankruptcy, do raise some questions that need answers.
Here's another factoid:
From 1996 to the present (as of 2004), Mr. Guthrie has served as President of Saudi American Minerals, Inc.
http://sec.edgar-online.com/2004/03/30/0001179350-04-000020/Section12.asp
CEIW has some of the same board members as CCTI, per the CEIW website. The two I see are Mr. Jennings and Mr. Baker. What the implication of this might be I don't know.
It's certainly unusual for the same people to be involved with two public companies, one worth $4 billion and the other bankrupt. Particularly odd since the bankrupt company once owned, or almost owned, the technology of the $4 billion company.
http://www.ceiw.net/contact/contact.htm
Corporate Headquarters:
76 George Road
Betsy Layne, KY 41605
ph. 606.478.1333
fax 606.478.8353
Company E-mails:
Dave Guthrie (CEO)- dguthrie@ceiw.net
Robert Chmiel (CFO) -rchmiel@ceiw.net
Barry Tackett (Controller)- btackett@ceiw.net
Joseph Jacobs (Secretary)- jjacobs@ceiw.net
Dr. Edward Jennings (Board)- ejennings@ceiw.net
Carl Baker (Board)- cbaker@ceiw.net
Tim Stobaugh (Board)- tstobaugh@ceiw.net
Scott Griffith (Board)- sgriffith@ceiw.net
Jesse Shelmire (Board)- jshelmire@ceiw.net
David B Guthrie (PR/Marketing)-dbguthrie@ceiw.net
On July 12, 2007, Consolidated Energy, Inc. (the “Company”) filed a Voluntary Petition under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Eastern District of Kentucky (the “Court”). At this filing date, the Company is serving as "debtor-in-possession".
Effective July 12, 2007, the Company has engaged Vulcan Services Corporation (“Vulcan”), subject to the approval of the Court, to manage the Company during the period that the Company is operating pursuant to the Bankruptcy Code. The principal terms of the agreement, which is subject to supervision and direction by the Company’s Board of Directors, are Vulcan will (i) be responsible for day-to-day oversight of operations of the Company, (ii) provide personnel, (iii) provide oversight of the coal mining operations, relationships with employees, customers and vendors, and (iv) manage the mines, processing plant, and other facilities.
CONSOLIDATED ENERGY, INC.
Dated: July 17, 2007
By: /s/ Joseph Jacobs
Name: Joseph Jacobs
Title: President and Chief Operating Officer
May 1, 2006
Joe Jacobs
Consolidated Energy, Inc.
76 George Rd
Betsy Lane, KY
Dear Mr. Jacobs,
At the request of Consolidated Energy, Inc. Board of Directors, Saudi American Minerals, Inc. has agreed to expedite their option in an agreement dated December 30, 2005.
Under an agreement signed between Consolidated Energy, Inc. and/or CEI Holdings, Inc. and Saudi American Minerals, Inc. signed on December 30, 2005, where SAMI has at its sole discretion the right to cancel the agreement with CEI.
Please be notified by this letter that SAMI has exercised their rights to terminate and declare this Agreement null and void. Any Agreement that SAMI has with Consolidated Energy, Inc. and/or CEI Holdings, Inc. is hereby cancelled, null and void as of May 1, 2006 per Corporate minutes attached.
Sincerely,
/s/C.J. Douglas
C.J. Douglas
Agreed and accepted
/s/Joseph Jacobs
Joseph Jacobs, Secretary, Consolidated Energy, Inc.
I believe this is the same patent which CCTI holds - not sure if it's the only one or the most important one.
Consolidated Energy Completes Merger with Saudi American Minerals Inc
Business Wire, June 11, 2003
Energy Editors/Business Editors
CORAL SPRINGS, Fla.--(BUSINESS WIRE)--June 11, 2003
David Guthrie, President and CEO of Consolidated Energy, Inc. (OTCBB:CEIW) (CEIW) (The Company) provided an update today confirming the completion of the pending merger between The Company and Saudi American Minerals Inc. (SAMI), a Nevada Corporation. After eleven years of research and testing SAMI is the owner of United States patent no. 6,447,559 B1 for a clean coal technology whereby Bituminous, Sub Bituminous and Lignite coal can be burned more cleanly. This technology greatly reduces particle emission pollution associated with current coal combustion technology.
SAMI has an executed contract with the Egyptian Government to develop all the coal reserves in Egypt and utilize its clean coal technology to reduce their particle emissions making the Egyptian Coal Exportable for marketing. The joint venture agreement is a fifty - fifth (50 - 50) joint venture. One mine has been developed at Maghara, in the Sinai Dessert.
Mr. Guthrie confirmed that the merger agreements have been signed. Mr. Guthrie also confirmed that an S-4 will be promptly filed with the SEC. An effective date on the S-4 will be forthcoming.
For additional information please contact David Guthrie purduedwg@comcast.net President Consolidated Energy, Inc. or call 317-887-1116.
http://assignments.uspto.gov/assignments/q?db=pat&pat=6447559
Mr. Hunt had an agreement years ago to sell this technology/patent to CEIW. CEIW is now a pink sheet stock priced at $.01. That sale was never consummated I think.
The patent is 10 years old, at least.
Mr. Hunt had various other interactions with CEIW.
Oops, I mean Larry Hunt, don't know why I said Jim. At least I didn't say Mike, cuz that would have been really embarassing!
Hannah Energy appears to be Jim Hunt's coal company:
http://projects.washingtonpost.com/fec/specials/mccain/by-date/2006/apr/11/by-employer/
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=9
The CCTI research is headed by Larry Hunt, a coal-mine owner and operator for many years in the fields of Kentucky and West Virginia.
After years of research, engineering and testing, the technology seemed to work. In 1998, Hannah Energy, a Texas corporation, bought the rights to the technology. That same year, Hannah Energy traded the rights to CCTI for stock.
Hannah Energy, Inc
236 College St, Paintsville, KY 41240-1098, United States
Phone: (606) 789-1110
SIC:Coal Mining Services
Line of Business:Coal Mining Services
Detailed Hannah Energy, Inc Company Profile
This company profile is for the private company Hannah Energy, Inc, located in Paintsville, KY. Hannah Energy, Inc's line of business is coal mining services.
Company Profile: Hannah Energy, Inc
Year Started:2005
SIC #Code:1241
Est. Annual Sales:$15,000,000
Est. Employees:20
Est. Employees at Location:20
Contact Name:Larry Hunt
Contact Title:President
http://www.manta.com/coms2/dnbcompany_0m4qt5
Seems a bit out of proportion. Thought maybe I was looking at the wrong financials or something.
Are you guys discussing the CTUM that shows $118,000 of assets on its balance sheet and sports a market cap of over $50 million?
You people must be joking (or lying).
Let's look at some reality.
Have you looked at their financials? .... They have nothing.
Is there any competitive advantage that this company holds? ..... No.
Is this even a company, with one employee? .... Not really a company, no operations to speak of.
What should the market cap be versus what it is? .. Fundamental value of perhaps $1 million versus the $400 million it is trading at.
Would anyone invest in this company? .... NO!!
Silly...shows how ridiculous the OCT BB really is.
Wow, I'm so glad I was part of you saving some money. That is cool! Thanks for saying thanks.
DRAZENOVIC GEORGE
700-205 - 5TH AVENUE SW
CALGARY A0 V2P 2V7
2. Issuer Name and Ticker or Trading Symbol
Sun Cal Energy , Inc. [SCEY]
common shares 41,986,750 D
common shares 02/05/2008 S 10,000 D $ 0.95 41,976,750 D
common shares 02/05/2008 S 30,000 D $ 0.96 41,946,750 D
common shares 02/05/2008 S 20,000 D $ 1 41,926,750 D
common shares 02/05/2008 S 20,000 D $ 1.01 41,906,750 D
How do you define properly? Sell at the the first big sign of sell-off?
oops, SCEY shares dropped 34% today. Gads, who would have thought!
I forgot I was the moderator! That's just because I started the topic.
LOL, right.
What brings you to this thread?
Tornado Gold share price has dropped from over $1.10 in 2006 to $0.14 today.
Coincidentally (or not) TOGI also had a paid mailer sent out for $450,000. In 2006. When the share price was waaayyyy higher.
Then, after the mailer, the stock plummeted. What a coincidence.
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=22713636
George Drazenovic – Secretary and Director
Mr. Drazenovic was appointed as our Chief Financial Officer, Secretary, Treasurer and Director on March 23, 2006. He resigned as our Chief Financial Office and Treasurer on August 1, 2007. Since October 18, 2006 Mr. Drazenovic has served as the Chief Financial Officer, Treasurer, Secretary and Director of Sun Cal Energy Inc.
Since March 28, 2006 Mr. Drazanovic has served as the Chief Financial Officer of Tornado Gold International Corporation. Since, January 24, 2007 he has also served as a director of Tornado Gold International Corporation. From 2001 to 2005, Mr. Drazenovic was the Financial Manager, Engineering Services for BC Hydro. From 1995 to 2000, Mr. Drazenovic was the Manager – Accounting for Queensboro Investments. Mr. Drazenovic earned his Bachelor of Arts in Economics from the University of British Columbia in 1991, a Diploma in Financial Management from the British Columbia Institute of Technology in 1993, and a Masters of Business Administration in Finance from the University of Notre Dame in 2001. He also obtained licensing as a Certified General Accountant in 1997 and is a CFA Charter holder (Chartered Financial Analyst) since 2001. Mr. Drazenovic is a member of the Certified General Accountants of British Columbia and the Vancouver Society of Financial Analysts.
So here's a guy who has little to no experience in Oil & Gas, and no significant wealth as fas as I can tell.
Yet here he is with 42 million shares of SCEY stock - worth over $50 million. He has been selling 20,000 or 40,000 shares per week which is very nice coin for him.
DRAZENOVIC GEORGE
700-205 - 5TH AVENUE SW
CALGARY A0 V2P 2V7
2. Issuer Name and Ticker or Trading Symbol
Sun Cal Energy , Inc. [SCEY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director X 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
02/04/2008
1.Title of Security
(Code V Amount (A) or (D) Price
common shares 42,026,750 D
common shares 02/04/2008 S 30,000 D $ 0.92 41,996,750 D
common shares 02/04/2008 S 10,000 D $ 0.91 41,986,750
SCEY is worthless - pure pump and dump. Scott Fraser and John Myers - what more evidence could you want.
The price has been rising hugely over the past week, and on no news. Pure pump. $100mm market value of stock. $6mm of leases purchased in the last year.
Maybe I should buy some leases, pay a million to pump my stock, and then sell it to the public. Nice was to make money, except for that conscience problem.
Nothing there.
I'm sorry, I guess I thought I was reading the SCEY board. My error.
SCEY spam not reported at qwoter.
http://www.qwoter.com/spam.php
Could you perhaps post the spam you received?
thanks
Yahoo board is quite active - yahoo seems to be open to BB stock message boards now.