Trying to make a buck and learn on the way.
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Thanks Gilda, I completely agree with everything you are saying.
In addition to what you are saying, I've also been trying to point out that besides this management not being current on financial statements, they also have a history of lying to their shareholders and not following through in the companies that they run (IMO that kind of stuff matters in a momentum driven pinksheets market even if it doesn't matter as much as sound financials etc.). At this point I am just trying to warn others so that they don't fall into the same trap I did with this management team and lose a significant amount of money.
There are a lot of issues with this management team, but afterall pennystocking is "dumpster diving" as Doubloon so eloquently put it so it is to be expected. You win some, you lose some. Unfortunately, this is one of those management teams with a very sketchy track record filled with lies and deceptions. Maybe they will miraculously turn things around in this company but so far they seem to be continuing that same track record with this company with their false promises of staying current on pinksheets, and their false statements about how they had "acquired" 45% of Hybridine.
A quote from Gilda99 (the full post can be found over at the "not-so-sister" company's board):
Student, while I realize that A**L and MEVT share the same management team, I’ve never paid any attention to MEVT since they haven’t issued annual financial statements (at least according to pinksheets.com) since their fiscal year ended March 31, 2007 – more than three years ago!!! That’s an automatic disqualifier for me.
Accordingly, I’m not surprised at whatever is going on with MEVT. Financial statements represent management’s scorecard, at least in my opinion, and buying into any penny stock without seeing current financial statements, ESPECIALLY FOR THREE YEARS RUNNING, is just asking for trouble. You can say that these stocks are literally only pennies per share, but they may well be worthless if they have no assets, no business, no business plan and no responsible current financial reporting – all pretty fair indicators that management is not on its game.
Personally, I don’t see much value in management by press release; been there, done that. I’ve lived in a world of autopsying failed businesses and many share some of the same characteristics – starting with inadequate internal controls, poor financial reporting and get-rich-quick management.
Yes, if we had good volume this would move up to the 35-40 cent range. But we haven't had good volume in over 10 months, and the only way we get good volume is if PSC were still around to pump us again..... just like in the past. This management has really screwed us all here and we're just stuck holding and hoping month after month.
Getting back to the .35-.40 base setup shouldn't be too hard, right? Not if there's any decent money flowing in anyway.
I'm not sure how anyone can still trust this management team with all of the shady dealings and lies they have made to their own investors in the past in this company and in other companies.
Please look into the history of this management team, the lies they have made in press releases for AWSL, the lies they have made in press releases for the other companies that they run, and please be careful so as not to lose your hard earned money with this management team as many have in the past (including myself).
The writing is clearly on the wall for anyone willing to take the time to do their due diligence on this management team. You will be shocked at the level of scumbags the management team of AWSL really are when you see the many lies they have made in public press releases about forward splits, acquisitions, and financials.
I wish everyone good luck in their endeavors, and please be careful where you invest your money.
Couldn't agree with you more Gilda, thank you for your words of wisdom here in AWSL. It's always nice to get a straight-forward, honest opinion from a knowledgable investor.
Still no word from MEVT management. It has now been well over 5 months since we have heard anything from this management team. That is a very bad sign in the pinksheets.
No problem. Links are provided below.
Just one quick thing first...... these two press releases from AWSL have really been bothering me recently because they sound truly incredible, but I have heard nothing more.
http://www.marketwire.com/press-release/Atlantic-Wind-Solar-Inc-Contracted-Carry-Out-Renewable-Energy-Feasibility-Study-Morton-1206994.htm
Did AWSL really EVER have a contract with Morton salt company or was that also just another lie from this management team?
Call or e-mail Morton Salt for yourself and find out (1-800-789-7258 http://www.mortonsalt.com/contact_us/ask_ms.html ). I did.
Also, in this press release from over a year ago, AWSL management says that they have submitted ALL documents to make their status "Fully Reporting" on the pinksheets and, "The Company intends to maintain this status going forward through requisite routine filings."
http://www.marketwire.com/press-release/Atlantic-Wind-Solar-Inc-Submits-Documentation-Required-Elevate-AWSL-Listing-Status-1216701.htm
Yet, when I check here on Pinksheets.com on AWSL's status it says, "Stop. No Information. WARNING"
http://www.otcmarkets.com/stock/awsl/quote
Was this also just another lie from this management team? They certainly haven't maintained the status they promised to their shareholders. All it would have taken was "requisite routine filings".
Anyway, back to the links you requested........
Here are some of the press releases where this management has lied about a 47.5% Hydridine acquisition which they never completed. The final link is the press release where they actually admit they had never actually acquired Hydridine but rather had only "initiated the process"..... Not a coincidence that this lie coincided with AWSL's peak stock price.
http://www.marketwire.com/press-release/Atlantic-Wind-Solar-Inc-Acquires-Major-Shareholding-Hybridyne-Power-Systems-Canada-Inc-1224856.htm
http://www.marketwire.com/press-release/AWSLs-475-Owned-Hybridyne-Power-Systems-Canada-Inc-Provide-Renewable-Energy-Pizza-Pizza-1179770.htm
http://www.marketwire.com/press-release/AWSLs-475-Owned-Hybridyne-Power-Systems-Canada-Inc-Change-Energy-Inc-Execute-Promising-1180814.htm
http://www.marketwire.com/press-release/AWSL-Rooftop-Solar-Division-Demonstrate-Its-Superior-CIT-Technology-Newmarket-Ontario-1199054.htm
http://www.marketwire.com/press-release/AWSL-Subsidiary-Hybridyne-Power-Systems-Canada-Inc-Hopes-Win-Major-Solar-Power-Contract-1223637.htm
http://www.marketwire.com/press-release/AWSL-Canadian-Subsidiary-Hybridyne-Power-Systems-Canada-Inc-Receive-Purchase-Orders-1170487.htm
http://www.marketwire.com/press-release/Atlantic-Wind-Solar-Acquire-60-Interest-Its-CIT-Manufacturer-AIM-Global-Energy-Inc-1197282.htm
Here is the link to the press release where the AWSL management team lied to shareholders in other companies they controlled about a forward split which first was "delayed" for a couple of weeks after the date of record of the split, and then just never happened without a single word from the management team.
http://www.marketwire.com/press-release/MSE-Enviro-Tech-Corp-Declares-35-for-1-Stock-Split-FRANKFURT-MEH-1176270.htm
http://www.marketwire.com/press-release/MSE-Enviro-Tech-Corp-Commences-Deliveries-Its-New-Anti-Fire-Product-MSE-Fire-Inhibitor-FRANKFURT-MEH-1182951.htm
There was never any follow up after that second press release where the forward split was just delayed for "a few weeks" (which came out after the date of record).
I'm just going to post one more link, although I could continue to post links of the lies this management team has made about acquisitions in other companies as well.
Below you will find a press release about an acquisition this AWSL management team made when they were running one of their other companies, but as you can see from the second link, it was also a lie as there is still no mention of the company's product on the website even though this management team supposedly acquired this company and this website 8 months ago (I confirmed this by calling the acquired company on different occasions and was never able to place an order for the product the AWSL management team said the company would be selling).
http://www.marketwire.com/press-release/MSE-Enviro-Tech-Corp-Acquires-Janus-Products-Corp-A-Marketer-Internet-Seller-Anti-Fire-FRANKFURT-MEH-1186279.htm
http://janusproductscorp.com/
Besides some of the the obvious information that many would like to see with this speculative stock (financials etc.), there's also the issue that this management team has a history of failing to deliver with their companies.
In my opinion, when investing in a speculative play it is also very important to know/research the history of the management team to see whether or not they have delivered in other deals. Not only has AWSL's management team failed to deliver with their other companies, but they have actually lied to shareholders (about forward splits and acquisitions) in public press releases.
It is interesting that now this management team has continued their track record of lying about "done deals" in this company with their PRs about their supposed acquisition of Hybridine. I'm still shocked that management would actually say that they own 47.5% of a company (in multiple press releases) when that information is completely false and they had actually only "initiated the process" of acquiring them.
There are plenty of troubling signs we have seen with AWSL, but also some potential. It will be interesting to see what happens in the future and if this management continues with their lousy track record of lies or steps up to the plate and delivers.
I am wondering if the volume is finally returning...
I see it there too, I am curious as to why they removed the link to the news from their front page. It's weird because a few days ago you could access that link directly from their front page but they have since removed it. It just seems odd to me because obviously it is still accessible (through the link you posted) but for some reason they have decided to not let people access it from their actual home base website of http://www.bluwoodglobal.com/ .
Maybe we're reading too far into this recent absence of a link (like we do everything) but it just seems strange to me that they would have it available directly from their website and then remove it.
Here is the response to the previous quote. This response was written by hginoug.
Amazing how you know so much of this BS about lawsuits etc yet cant get any answers to any of students questions on splits, sales etc etc. How about my simple question today in that all that great info on the bluwoodglobal web site has disappeared? why? IHUB board was boasting about it and now its gone? pls dont tell me MSE lawyers wanted that news to be hidden? when is it some of you insiders will start telling the truth about the business operations; which at this point seems like zero. If they have a suit why dont they state it like their other company did A**L? Why all the secrets? because it's just BS to hide behind. Update a simple web site with their new product line; how hard is that? You figure any lawsuit would be about MSE making their own product because it seems like this management tries to steal product lines like they have with A**L and find themselves in a lawsuit. Start proving some facts. Student has been begging for answers and everyone thinks he is just whining. You mention fraud, lawsuits, well it seems like this management already has the SEC attention; so my guess is that there isnt any news because they dare not put out any more BS ie split, sales, product line because that certainly would bring the SEC down on them.you guys keep hammering the other company..let it go its old old old news....transparency is one thing they have that seems to be miles away from happening at MSE!
Interesting information about the supposed "court issue" that MEVT management is involved in.
This is a quote from no.itall, I had nothing to do with this information but supposedly this was shared by IR and thus anyone should be able to get this same information by calling IR.
The suit is obviously going to be against the directors, who reside locally. Did you know that joel gardner incorporated another company also by the name of PCL right after they dissolved the original PCL ? what does that tell you ?
Did you know its joel gardners signtature on the contract ? Did you know that originally the deal was with MGON, but joel wanted the payment to go through pcl? Did you know that the payment of 6 mil shares was mostly issued to joel gardner's family and friends ? you will see what i am talking about. This gardner guy thinks he has the system beat by closing the company, but it doesnt work that way. Fraud is not that easy, especially when we as shareholders are the ones who have been ripped off by this guy. Just call IR, they will be happy to explain all the details.I truly believe they have no reason to lie about this stuff.These aren't excuses, this is fact.
It is pretty straightforward how this slimy management could have made out like bandits. They falsely told everyone a forward split was going to occur (among other things) so that they could get the stock price to shoot up and then they sold lots of shares and obviously nothing they said ever came true because they were lying the whole time. Of course PSC made out like bandits too, but the masterminds behind everything would have been MEVT management (who do you think paid PSC to pump this thing afterall).
Very true, although it still doesn't change the fact that no matter what has been posted on this board or will be posted on this board, the management of this company has been screwing over its shareholders and lacking transparency. They are at the very least.... a huge disapointment, at worst....lying, thieving scumbags who have scammed us all and made a ton of money back in October then decided to let things slowly peter out so as not to be charged with fraud.
It's actually kind of brilliant if you are in their shoes.... build tons of hype on A**L so everyone thinks you are incredible, then tell everyone you are buying a new company with a great product and tons of contracts, and then promise a forward split and pay PSC to pump the hell out of all this. You get the price to shoot up over $1 so you make a ton of money while you were lying to investors about everything and then just keep stringing the whole thing out until it slowly dies so that it doesn't look like it was management's fault because it was "outside forces" conspiring against MEVT and MEVT management was obviously making a valiant effort all that time to revive things. Yet all along, MEVT management got rich and are laughing at the poor shareholders who were stupid enough to believe them....
MEVT's new motto should be:
Welcome to the pinksheets everybody, you've officially been screwed.
True, MG*N is a piece of spit.
It's a horrible comparison because both companies are complete pieces of spit, but the point I was trying to make (albeit not a great one) is that a RS is almost always seen as a negative and will lead to a drop in price (after the RS from the new PPS). Therefore, I was pointing out that MG*N had that reverse split (and it should have lead them to drop a lot from the price after the RS which it did, but we didn't even need that negative RS to drop down to the point we are at today.... it is really sad that now both MG*N and MEVT are at the same levels and MEVT didn't even need the negativity of a RS to reach those levels, we found other ways to be a really spitty company with a really slimy management. Most MEVT investors were expecting more from this management rather than them turning out to be scumbags like the management in MG*N.
Take it for what it is, a pointless and crappy comparison (sorry) because both companies are pretty crappy in their own rights anyway. All I was trying to do was point out that no one would have expected MEVT to be at the same level as MG*N 8 months down the road (even with MG*N's RS)..... and yet here we are. It is truly dissapointing on MEVT's side (nothing really to do with MG*N except another way to measure our progress by comparing our PPS to theirs).
And all along we knew that the MG*N management were complete d-bags, unfortunately, it has become very clear and we've all had to learn the hard way that MEVT/EPRO management are also huge d-bags. Afterall, our management used to be in bed with Gardner, and they have ended up pulling crap that is just as sketchy as the crap Gardner has pulled.
It is very sad that these guys turned out to be the scumbags that they did, there was such potential here before they started lying to and deceiving their own shareholders. Now we're at the exact same level as crappy MG*N and we didn't even need a RS..... things are not boding well for us.
I don't really have anything to say in response to the belief that your God is steering you in the right way as far as your decisions go. If that is partially what your investment strategy is based on then the more to you and I wish you good luck and profits.
I will say this, if MEVT/EPRO has God on its side as you may believe, then there can only be good things in store. I'm just not sure how God might view the lies that have come from this MEVT/EPRO management about forward splits etc, hopefully (for our sakes) this management is still in good standing despite their many deceptions.
Only because you have been averaging down (obviously a very smart thing to do if you think this thing is going back up). You are in the red though.
it just needs some buy volume and presto, we're back to .30s and .40s
They can choose to support the bid if they so please. They have chosen not to. But even more egregious than that is them keeping their shareholders in the dark (and hiding behind excuse after excuse) as the stock price continually plummeted to new lows month after month. These guys are truly slimy scumbags and have proven it time and again in this (MEVT/EPRO) stock.
Unfortunately, if there was ANY evidence to the contrary of their sliminess, I know everyone who has been praying for a miracle here would have certainly shoved that evidence in my face already. There really is nothing to say though because the writing is clearly on the wall and they have screwed their shareholders over and over again.
If that's the case then we will both be profitable, so theoretically I can't wait for it either. Unfortunately, I live in reality and I understand that this was just another pinkie bust. Some people just haven't come to terms with it yet. It is truly disappointing, but you live and you learn.
You're catching on now... :)
Obviously, you must have missed my numerous posts explaining how I am planning on writing this off as a tax-loss because I know it is no longer going anywhere and the management has decided to screw their own shareholders.
However, I still hold the right to post my opinion of my investment and to warn others so they don't fall into the same trap we all did and get screwed over by this slimy management.
The "enemy" as you have referred to them are clearly our own management.
They are the ones who have lied to us, they are the ones who have made many false promises to us, they are the ones who chose not to support the stock price as it fell below the crucial .30 support (yes they made a conscious decision to let it fall below that crucial mark and even said those exact words to a shareholder), and they were the ones who decided to keep shareholders in the dark as the stock price continually plummeted to new all time lows. And guess what...... now the stock price is down over 90%, and this management still continues to disrespect their shareholders.
I don't know how you could more clearly be an enemy to your own shareholders, it is really ridiculous if you take a step back and look at the situation.
Could you please reiterate your point then?
I have never once said anything positive about Joel Gardner's company and have constantly said that the guy is a lieing thieving scumbag (go back and read my old posts if you don't believe me). Anyone who would infer that I am one of his "boys" would clearly be mistaken. We all know that his company is a complete piece of spit and he is a d-bag.
Unfortunately, it has become very clear and we've all had to learn the hard way that MEVT/EPRO is also a complete piece of spit and MEVT/EPRO management are also huge d-bags. Afterall, they used to be in bed with Gardner, and they have ended up pulling crap that is just as sketchy as the crap Gardner has pulled.
It has been over a week now...... but I haven't seen any progress like you said there would be. Hmmmmm...... maybe I should just wait 2 more weeks again? IR told me this stock would be worth $5 in exactly 2 weeks!!! Yay!!! Unfortunately, everything else IR has said has never come true either, I'm certainly not holding my breath this time......
Just more lies and deceptions by this scumbag management and ALL of their cronies. Truly a disappointment.
Averaging down is one thing...... however, I can guarantee you that we won't be getting any NEW money invested here. Any new investor can clearly see the writing on the wall with this management and the slimy stunts they have been pulling with their shareholders.
Call it whatever you wish to call it, but facts are facts. The management of MEVT are clearly a bunch of scumbags and everyone knows it. No one in their right mind would invest their money with these guys after the stunts they have pulled with their shareholders and this company.
I'm not so sure if Bluwood Intl is part of their own scam or not.....
If you check their website they direct you towards a LOT of data and research that they had done by a private company on their Bluwood coating with a fire inhibitor. However, all of this research was done in 2008 with the Hartindo AF21 fire inhibitor. If they say they only make product with MEVT's new FI88 fire inhibitor then why do they direct us to tons of data using Hartindo AF21 fire inhibitor from 2008 but claim it is current? Not to mention that they aren't even affiliated with the ACTUAL MANUFACTURER of the Bluwood product ( http://bluwood.com/ ).
MEVT certainly has a track record of doing business with some sketchy companies.....
Should we all still "just be in this for the EPRO shares". I thought someone said the SEC already approved this and EPRO would be up and trading in April or May at the latest according to someone's "timeline"? What happened to the whole EPRO thing? More lies and deception from management and those who want you to trust this scumbag management. Are we still waiting for EPRO to clear DTCC after more than 3 months (not the 2 weeks some suggested)? Something seems fishy here.... wait, EVERYTHING seems fishy here.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49723307
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49747142
Just wait another 2 weeks and all of your pain and depression will go away because MEVT will magically be worth 2 dollars at that time. Trust me because I heard it directly from IR. Just 2 more weeks.......
If MEVT was a true pinkie bust, this would be a heck of a lot lower than .09.
Ouch, if our goal is now just to keep this above a penny...... well, ouch. People on this board just a couple of months ago were saying this should be above 1 dollar..... You can see how far we've come in all this time..... I feel our pain.
From "keepin' it above 1 dollar" all the way to "if we could just keep this above 1 penny". Well, it's only a 100 fold decrease in our stated goals..... things could always be worse.
Here's to keeping this above one penny!!! Woohoo!
Hold the line where? Above a penny?
People here were saying the same thing when this was at 0.65, then at 0.55, then at 0.45, then at 0.30, then 0.20, then 0.10..... This thing has certainly not held any line at all.....
You're not worried at all? Check the stock price, ouch!
I would be EXTREMELY WARY of ANY investor in this stock who says he is not worried about the current state of this company. Man oh man have some people been duped by these scumbags.
The price of this stock is down over 90%! No one ever said anything about this "timeline" you are referring to. No one has a timeline here, we all know it's going nowhere! The management are all crooks, the price per share has fallen over 90% while the management left all their long shareholders in the dark without any news and without delivering on A SINGLE PROMISE they made to their shareholders (and they made A LOT OF PROMISES). No one still trusts these guys enough to invest their money...... one would have to be either delirious or just plain stupid at this point. Just another pinkie bust filled with scumbags for management...... until proven otherwise.
Have you checked the stock price lately man?
This management has sat idly by and directly insulted its shareholders as they have let the stock price slip into oblivion. These guys are scumbags, IF this product was real and LEGIT then this stock price would not be where it sits today, I can guarantee you that.
This is the pinks, and you know it just as well as I that this management has had absolutely no regard for their shareholders and are all a bunch of slimy scumbags. The writing on the wall is clear and everyone can see it. We've all been duped here and we've all lost a lot of money on these lying scumbags. What can you say, you just have to learn from your mistakes and be more wary in the future of scumbags like this management.
Very true..... at least some people on this board are finally acknowledging the fact that this management are a bunch of scumbags, it's about time. These guys have truly treated their shareholders like pieces of spit, and it's pretty disappointing since they have let the potential and momentum this stock had back in 2009 completely disappear. But, just as you wisely said H-Tex, this is the pinkies, so what did we expect from these guys.... we should have seen these scumbags coming a mile away.
It's just excuse after excuse after excuse with these slimy liars that we unfortunately must call our management.... and now they're hiding behind "lawyers" after all the other bullspit we've had to put up with from them?
Wow, the stock price falls to its all time lows and all they can say is they are going to keep quiet because lawyers told them to. They don't seem to understand that keeping quiet got them to this point in the first place with the stock price dropping from the 0.60 level to 0.01! Or maybe they do understand...... and that's why they are all a bunch of scumbags.