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Actually....I did point out what the suit was about - reread my post: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98448216
perhaps the rose colored glasses you are wearing missed the post?
I don't recall bringing up any of the amounts at all... but now that you are splitting hairs as to who the judgment is really against - from the May 18, 2009 Writ of Execution filed with Harris County, it does in fact hold Trent personally liable for $2929.73 plus $176.36 interest (total of $3106.09), but you fail to mention the judgment is also for $435,000 plus $35,000 interest and other attorney fees against his company, Engenyx Software Corporation - a corporation that he was one of a two man operation (http://www.dandb.com/businessdirectory/engenyxsoftwarecorporation-richmond-tx-6428497.html ).
At the end of the day, fraud is fraud - claiming he is not an officer of the company, or that the penalty wasn't that much, or that his felony conviction for more fraud is more than 10 years old, doesn't really matter, does it - once a con, always a con in my book.
"....Remember this! The SEC only cares about criminal histories of execs (which Daniel is not) back to 10 years...."
Is there any statute of limitations on integrity?
...What the h*** does the CEO past lawsuit from and the founder going to jail 15 years ago have to do with dolls?...
Well...for starters, the offenses continue even after he served time for his felony conviction - example - this one from just 7 years ago:
2007 - Case No. 2007-70109; In the 280th Judicial District Court of Harris County, Texas–In this case, Mr. Fiddler represented Natalynn Dunson-Harrison, who alleged that Trent Daniel and Engenyx Software Corporation promised her the CEO position in the company, while never intending to allow her to perform the duties of a CEO. She also alleged the company failed to pay her salary and constructively discharged her in violation of her employment agreement with the company. The jury verdict resulted in a judgment against Engenyx Software Corporation for breach of contract damages and a judgment against Trent T. Daniel for fraud damages.
The pattern seems disturbing - this is not a one time offender: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97228439
fyi - As has been their pattern for the last couple of filings, they will likely file a late notice (NT 10Q) the day before it is delinquent (March 14), with the a request for a 15 day extension - which means you should not have to wait beyond the end of March to see that 10Q.
"FACT7 lawywers do not audit financials, accountants do, if you do not get that basic reasoning and logic, you have to look that one up for your self to get the FACT..."....just an FYI, do a little google search on Steven Plumb, CFO for BMRK
You forgot the "massive" (...85 and counting...) followers on twitter and the "guess the interviewer" teaser.....
FTTN made this same analogy about foreign investment a few years ago in Poland: http://www.researchviews.com/energy/oil-gas/exploration-production/NewsReport.aspx?ArticleID=483165§or=Exploration%20and%20Production
The company never followed through with any actual deals. Why should we believe this latest announcement is nothing more than more fluff from a CEO who has no oil and gas experience?
The company has no revenues and has incurred about $1.3 million in losses since inception: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9673818
This company is currently incurring about $1/4 million per quarter in G&A expenses, which includes the salary for Sydney Jim, a former tennis star and arcade/go-cart operations employee before landing this gig as CEO.
The only "sales" the company has managed to execute are a number of toxic convertible notes, convertible at $0.01 and $0.05.
The company states in the financials that they need to raise an additional $400,000 over the next 12 months to stay in business, presumably through additional convertible notes. If executed on the same favorable terms ($0.05/share), we are looking at another dilution of about 8 million shares (current outstanding is only 12 million), in addition to the remaining convertible notes that have already been issued.
"...Seems like the company has had much success with their other products ..." - which "other products" are you referring to as having a "success"? This one man company has no products or revenues nor any successes.
Based on what? another reverse split so we can..."Yeah. Well, the strategy of the reverse split is, in order to attract the kind of financing that is non-diluted, you have to get your stock price out of the dilution zone, okay? And that's bottom line."....
my "bottom line" question...is $0.13 kinda sorta out of that dilution zone?
The enforcement division of the SEC? how about the IRS?? Trent's parole officer? Quizno's Subs taking orders for lunch? I give up - Tell me!
I call that a flat out lie - there is no way any single well, let alone FTTN's 1.4% interest, will ever produce 4 MBO, 60 BCF of gas. Historically, you cannot find a single instance of such crazy reserve estimates in South Louisiana.
This is the same overly optimistic exaggeration that FTTN touted about their 1% interest in the Little Cedar Creek Well in Alabama.
Seriously? With 33,000+ posts are you that guillible or a paid shill?
How many shares do you think they issued to have that "professional decorator"? How about the shares issued to defray the cost of (at least) 5 roundtrip airfare tickets (IAH/NYC), hotel rooms, meals, cab fare, promo shirts, ToyFair entry/booth fees, etc?
Just curious - where are they on the exhibitor floor?: http://s23.a2zinc.net/clients/TIA/ToyFair2014/Public/EventMap.aspx?shMode=E
10Q results:
Total outstanding shares increased for the quarter from 11.8 million to 13.1 million (dilution 11% increase) - most all of these shares were issued via $0.04 convertible notes (or about $0.07 on the dollar discount).
Assets (evaluated and unevaluated O&G properties) descreased for the quarter from $462k to $363k (decrease of 21%)
Liabilities increased over the quarter from $217k to $406k (an increase of 87% primarily attributable to increased convertible notes)
Oil & Gas sales for the quaerter increased from $24k to $32k (an increase of $8k)
Expenses increased over the quarter from $83k to $217k (an increase of 161% primarily attributed to G&A for this one man operation).
For the three months ended December 31, 2013, the Company had a net loss of $380,521 (note: this exceeds 100% of the assets of the company) and negative cash flow from operating activities of $117,240. As of December 31, 2013, the Company has negative working capital of $145,026.
On October 11, 2013, we entered into a joint venture agreement with Biofuels Power Corp. The purpose of the joint venture is to explore business opportunities in the natural gas conversion business. Biofuels Power Corp. will operate the joint venture. Under the terms of the agreement, we will contribute introductions and consulting with respect to marketing and introductions for business. In addition, we will fund up to $100,000 in monthly contributions of $20,000. These contributions are solely at the discretion of the Company. In exchange for the contributions, we will receive common stock of Biofuels Power Corp. at two-thirds of the market price of the common stock.
During the three months ended December 31, 2013, we contributed $25,000 to the joint venture. Although the Company feels that this is a viable investment, management has determined that it had to impair the investment in the joint venture with Biofuels Power Corp. There are no financial records which would support the valuation of the investment. As a result, we recognized a loss on the impairment of $25,000 during the three months ended December 31, 2013. - WOW! So over the period of the quarter, management in their infinite wisdom, decided to invest in Biofuels Power Corp, a venture which they admid have no financial records to support spending shareholder money, and then quickly realizes, OOPS, we made a mistake and they need to impair the investment as a write off - brilliant financial fudiciary responsibility on that deal!
Calcasieu Parish, Louisiana prospect - On August 12, 2013, the Participation Agreement was amended to reduce our working interest to 1.8%. As a result, our share of the drilling cost is expected to be approximately $181,000. The Company has paid $143,264 of its share of the costs of the well to date. We will receive 1.4% of the revenue from this well.
Lake Boeuf Field in Southeast Louisiana - The project has been indefinitely suspended.
For clarity, Trent Daniel is under no obligation to disclose any criminal past he may have allegedly been involved with - since he is not an officer of the company (he is only a consultant/founder/significant shareholder), and the fact that the following statement only applies to the past 10 years - this statement from the financials does not apply to him (even though some might think it would have been pertinent info to disclose!):
"Involvement in Certain Legal Proceedings - To the best of our knowledge, none of our directors or executive officers has been convicted in a criminal proceeding, excluding traffic violations or similar misdemeanors, or has been a party to any judicial or administrative proceeding during the past ten years that resulted in a judgment, decree or final order enjoining the person from future violations of, or prohibiting activities subject to, federal or state securities laws, or a finding of any violation of federal or state securities laws, except for matters that were dismissed without sanction or settlement. Except as set forth in our discussion below in Item 13, “Certain Relationships and Related Transactions, and Director Independence,” none of our directors, director nominees or executive officers has been involved in any transactions with us or any of our directors, executive officers, affiliates or associates which are required to be disclosed pursuant to the rules and regulations of the SEC."
Well if he is, then Thomas has recruited some stellar, world class partners with Trent Daniel:
2011 – Case # 201129542 - ALIEF INDEPENDENT SCHOOL DISTRICT vs. Daniel, Trent T. (INDIVIDUALLY & DBA IMAGINE INTERN (Harris District Court 133). Delinquent Tax Suit on Home – status: active
2007 - Case No. 2007-70109; In the 280th Judicial District Court of Harris County, Texas–In this case, Mr. Fiddler represented Natalynn Dunson-Harrison, who alleged that Trent Daniel and Engenyx Software Corporation promised her the CEO position in the company, while never intending to allow her to perform the duties of a CEO. She also alleged the company failed to pay her salary and constructively discharged her in violation of her employment agreement with the company. The jury verdict resulted in a judgment against Engenyx Software Corporation for breach of contract damages and a judgment against Trent T. Daniel for fraud damages.
2003 - Case # 200037267 – Computer Media Services Corporation vs. Daniel, Trent T (DBA Credit First Financial (Harris County District Court 080)
Civil suit – status: disposed with unknown results
2001 – Case No. 01-DCR-034138 – 268th District Court, Fort Bend County, Texas.
Felony – Forgery. Status – unknown outcome.
1996 – Case #072984101010 - The State of Texas vs. DANIEL, TRENT T. (Harris County District Court 184)
Felony – Forgery – 1 year confinement Federal Prison released in 1999
1995 – case # 955124401010 - The State of Texas vs. DANIEL, TRENT T. (Harris County District Court 11)
Misdemeanor – Theft ($20-$200) – dismissed/charges dropped
1993 – Case # 067117701010 - The State of Texas vs. DANIEL, TRENT THOMPSON (Harris County District Court 184)
Felony – Credit Card forgery – couple months in jail – Jefferson County Correctional facility
Links to above (plug in his name to the search fields): http://www.hcdistrictclerk.com/eDocs/Public/Search.aspx?Tab=tabCriminal
http://tylerpaw.co.fort-bend.tx.us/Search.aspx?ID=100&NodeID=100,101,102,103,104,105,110,200,201,202,203,204,205,206,400,401,402,403,404,405&NodeDesc=Fort Bend
Ripoff reports on Trent T. Daniel: http://www.ripoffreport.com/reports/directory/imagine-international
LOL - someone broke open their toddler's piggy bank to buy one share!
I would not be surprised if Thomas Cloud was involved. For those not familiar with the cast of characters, Thomas Cloud is the son of John Thomas "JT" Cloud who passed away not too long ago. JT was one of the main leaders in penny stock scams who set up dozens of companies as sort of his own personal ATM for "loans" - he would often put minions into the CEO position to give the appearance of being a real/legitimate company. Several examples of his legacy continue today in companies like NTRR, RBCC, OBJE, OMVS, DOMK, BLFR, HORI, ASCC, QUAN, FTTN, GTSO. Along with his fellow miscreants Kathleen Delaney, Jack & Darrel Uselton, Robert Hines, Maurice Stone, Eddie Austin Jr., John Shearer, Robert Federowicz, and others, he would sometimes use his own son, Thomas, to put into a position to effectively raid the company assets - primarily through convertible debts and preferred shares. Those scam operations are alive and kicking, even today.
Eventually, the SEC caught on and suspended a few of his ventures (EVSO - see Robert Hines, EHSI, GSLO, ONYX, GFCI, and others), including the one run by his son Thomas at Gulf Ethanol Corp (GAEC/GFET).
Regarding OWOO, it is unclear if Thomas is involved, but clearly, OWOO has many of JT's players (Robert Hines (OWOO independent Director), Maurice & Stepanie Stone, John Shearer, Carolyn Austin (wife of Eddie Austin)) that have been in the mix from the start. Whether the new kids on the block (Melton, Trent, et.al.) were unknowningly duped by this clan, or are complicit in the plan is yet to be determined.
Funny that you should mention Lake Charles gambling (as opposed to Las Vegas or any other gambling venue). Eddie Austin Jr. & his wife Carolyn P. Austin, Maurice & Stephanie Stone - all associated with this company, have a long time history in Lake Charles - in particular for using their law practice in Lake Charles as a vehicle for stealing funds from clients for gambling debts: http://minnlawyer.com/wp-files/pdf/opa081257-0526.htm
Ooooh...so exciting... a secret, unnammed "game changer", with unknown reserves/production figure estimates, with unknown working/revenue interest that will take this overhyped company to yet "another level".... could the company be any more vague in their press release??
More bogus fluff from the fluff master....
lovelockelectric - best of luck to you on your visit. By all accounts, the Zanker Road "worldwide corporate headquarters" is nothing more than a phone bank to redirect calls to Robert Federowicz and Kathleen Delaney in Houston. In my opinion, Paul Watson is nothing more than a figurehead minion for these Beneficial owners of the company. If in the off chance you actually get a live discussion with Mr. Watson (or anyone else answering the phones), suggest asking about the many failed promises by the company such as:
Fake Mongolian Mining Venture (REEM)
Alaskan mining venture with Diamond V
Failed Chery Minerals, LLC ventuire
Fake e-waste mining subsidiary company (Global Cell Buyers, LLC) created by Kathleen Delaney's friend, Jammie Hawkins.
Non-esxistent Profit Participation Agreement with Integrated Smart Solutions, Inc
Arizonan mining venture that never happened
Promises of a Tungston recycling venture
Fake Beijing Bullion venture (a company created by Delaney and associates)
Promised Biofuels ventures
More importantly, ask about why the G&A is so high for this one man operation and why all the convertible debt?
Ticker symbol back to OWOO ("D" dropped).
Regarding the Yahoo Board (and even here at times), I am not so sure about the theory of Trent being out there with multiple aliases - that sounds more like the work of SEC recividist Eddie Austin Jr. (husband to OWOO convertible debt holder Carolyn P. Austin) and OWOO Director, Robert Hines (also former CEO of SEC halted EVSO).
This company started out smelling fishy when you look at the original holders of the shell (see page 39): http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8246773
Notable people on this list include a band of miscreants that have had a number of stinky pinkys that were suspended by the SEC:
Maurice Stone
Stephanie Stone
John Shearer
$0.20?? is there a reverse split coming?
Seriously...have you done any DD on this one man trash mining company?
"...With oil holdings in these four states, the company is positioned to benefit from this strong surge in demand..." - HUH??
If the company is not increasing supply (reference reduction in holdings in its Lousiana asset), how exactly do they intend to benefit from stronger demand with less supply?
Trent said it best...ya know...social responsibility over financials....
...What our job is. You know, we have a financial responsibility and then we have a social responsibility. Financial responsibility is create value for our shareholders. But the social responsibility is to never lose focus on the fact that we are changing little girls' lives....
OWOOD celebrity dolls inspire to change little girls' lives!:
http://stoopidhousewives.files.wordpress.com/2013/03/cynthia-dummy-arrow.jpg?w=640
DY-NO-MITE!!
Ooooo weeeee ..... all this secrecy around this "well known" department store that Robert is "thrilled" about has me reminiscing about that scene from Christmas Story about winning a "major award"!: http://2.bp.blogspot.com/-3BvTRyak-gs/T02SMfGIXxI/AAAAAAAAAuQ/a2tm-iMvWSk/s1600/christmasStory_mrParker_1024x768_121920080205.jpg
Is this really "news" or just the latest puffery from Robert about his "feelings"?....
sampa - here is a template for a suggested response - I do not endorse Timmy Sykes, but thought the circumstances are applicable to your situation: http://www.timothysykes.com/2010/03/my-response-to-shaquille-oneals-cease-desist-letter-shaq-vs-the-truth/
BERX symbol and name change to Breitling Energy Corporation, Inc. , symbol: BECC effective 1/22/14: http://www.otcbb.com/asp/dailylist_detail.asp?d=01/21/2014&mkt_ctg=OTCBB
"....Leveraging a portfolio of successful brands..." - does having just ONE product count as a "portfolio"?
"...A recount of First Titan’s acquisition strategy and how it added assets in Louisiana and Texas in 2013..." Uh-oh....did you happen to read the part in the just released 10K that they reduced their net revenue interest in their Louisiana asset to 1.4%?!?
"...Takes Action on Department of Energy Forecasts"?? - HUH?? - they issued a press release saying how excited they are? That is NOT "Action".
So let me get this straight, FTTN is excited about acquiring new assets at an inflated (natural gas) asset price?
"...recognizing the probability of significant return on investment from the company’s assets..." - HUH?? What "Return on Investment" are they talking about? To date, the company has far outspent what trickle of revenue it brings in.
This whole press release looks like Federowicz has been dipping into the Gluten Free Vodka too much....
QS - just curious - when does the promo end?:
FTTN: QualityStocks, an affiliate of DreamTeamGroup, will receive $50,000 from FTTN per quarter [$150,000] for 180 days of advertising, branding, marketing, investor relations and social media services provided by QualityStocks and affiliate DreamTeamGroup Business Brands.
"The Company had no revenues for the six months ended November 30, 2013"....the broken promises story (Musclefoot, IR Charger, etc) continues........
I was referring to their sponsor page (click on "Sponsors"). I now see after much digging on their website that the "preview Party" on Thursday night (not the main event) is in fact showing RWB Vodka as a sponsor.
"We plan to announce some exciting new milestones in the coming days." - no doubt Maui Jim is going to announce the grand opening of a head shop on the campus of CU to sell his new line of bongs....
<YAWN> ...about a month ago, RBCC announces new President and CEO (press release signed by then CEO and President Patrick Brown). RBCC still has yet to file an 8K on the new change in management....the new President is a registered nurse - no doubt a roommate of Cindy Morrissey....guess that makes her qualified to be CEO of a major biotechical innovating/fish farm company like RBCC.....nothing to see here...move along....
Maybe you should ask Scottrade to deliver your one certificate so you can force the evil annonymous shorters to cover their position!
From the interview Mr. Daniel gave a couple weeks ago concerning the R/S:
Mr. Daniel: Yeah. Well, the strategy of the reverse split is, in order to attract the kind of financing that is non-diluted, you have to get your stock price out of the dilution zone, okay? And that's bottom line. And like that example I used earlier, with the $10,000, you have to get your stock price to a point where, first of all, there's value behind that. Because a lot of companies do a reverse split, and it's just kind of a wash, rinse, and repeat cycle, where, you know, they do the reverse and then they keep doing the same diluting of the financing in order to, you know, get money for whatever purposes; building a business, or to pay employees, or pay executives, whatever. So, that's not the right approach. What you do, is that you do the reverse and then you bring value. The value that we're going to be bringing behind, the new stock price will be, first of all, overseas distribution; new distribution deals, sales numbers, okay? New media coverage, new promotional efforts; so, things that create momentum. Because a reverse split that's done and there's no momentum to move the new stock price forward, you're just wasting your time, okay?
Does having no trades thru the 2nd day of the R/S split qualify as "no momentum"? You know? Okay?