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.
but it appears to me that the only gains will be to the seller.
Have you requested an order form? It explains this part clearly.
Yup, and it's completely genuine.
Lots of this kind of stuff goin on around here these days, as Energy Source is making a strong effort to regain traction for the better of all it's shareholders.
I have no reason to ask him. My request for shares is in already. :)
Nope it is the company that selling shares, and Megas is sole officer now. Relax.
Possibly, that is the cost to produce rather than the value of the catalyst itself. $0.01/liter would be impossible and you know it. Just needs further clarification, imo.
It would be great if you could help out the company any way you can.
Nah, I just copy/pasted from the letter.
SHAREHOLDERS REQUIRING CLARIFICATION RELATING TO ANY OF THE ABOVE PLEASE CONTACT tpm@energy-source-inc.com
Not sure about that. News regarding new contracts and/or financing can hit the wires at any time.
That is beyond pathetic, yet makes perfect sense.
Not if the intention is to move the show elsewhere.
Slim chance, bud. I foresee 6 processors running full blast by June. I'll be adding at every opportunity.
Nonsense.
ADDED! WOOHOO!
Ok, so which shares is CH referring to in the first paragraph here?
http://www.let-bcit-trade.com/Files/CHComm/2011-11-11%20Email%20and%20Fax%20to%20Montal%20at%20DTCC%2011%20Nov%202011.pdf
Those are Pino shares? If so how many?
Oh wait, are those the March Indy certs? I think I get it now.
Do you think the DTCC will actually send back the certs? Sounds like an important step.
So Pamela was banned for just 3 years? Wouldn't a life time ban be more appropriate? Where is she currently working?
Fidelity is also using the TA excuse.
I just emailed you a PDF of that letter.
Thinking this through again, it is actually Megas/ES that should be turned a favor (not us). Think of what an enormous break the brokers got already. Why shouldn't the SEC help the company itself now? Give me one good reason.
So what do you make of that? Are you saying that something big may be happening behind the scenes? Or a you saying that SEC is flat out stonewalling the company, and can now be proven?
They protected the brokers by suspending the buy-in rule. Now I think they owe us one. It's outrageous that they may side with brokers on everything. But can they really do anything? Can they actually force the brokers to buy the shares from the company?
As far as I can see you are being skeptical right now for no good reason at all.
BYE.
Based on the foregoing, the Division of Market Regulation will not recommend enforcement action to the Commission if a Firm does not take charges to its net capital arising from transactions in the Security that the Firm entered into before the Trading Halt.
Each Firm, however, must take all applicable net capital charges for transactions in the Security entered into after the Trading Halt terminated. Any Firm that wishes to take advantage of this relief first must alert the staff of the NASD and explain the facts and circumstances surrounding its need for the relief that this letter provides.
Huh? Can I get your own take on that?
Etrade, Amertrade, Schwab, and Scottrade for starters. I think those firms alone probably account for the vast majority of shares sold. Kinda ruins the Broker/MM distinction doesn't it?
Masta: Remember the DTCC meeting...
when both Megas and Sytner showed up in NY and the whole R/S proposal was rejected? Do you remember what the DTCC was asking for in order to lift the global lock? The share number, etc. I looked for it on the L-B-T site. Nothing mentioned about the meeting in the time-line.
In your opinion, if the brokers did not commit fraud like you are saying (I disagree), and the FTD's are only around 250mil, then why aren't we trading? Why not just open the doors???
Oh, and why did the DTCC ask Megas to cover something like a billion shares???
Goodnight.
They sure did. With a blatant publicly made warning too.
Nope. Not according to my broker. Sorry.
BCIT will play out one way or the other.
Agreed. And it won't be "POOF" like some people are hoping.
Yes, and you still seem to struggle on who the real victims are.
Because the majority of what she says has ZERO relevance to where we are now, and what we are trying to achieve. I can only imagine how badly she wants to see this fail. She owns no shares remember? Not that anything she posts will have any effect on the outcome here....lol.
But it DID happen and that is exactly what everybody is NOW trying to resolve. I don't see how what you are saying is even relevant. What is your point?
It would be absolutely ridiculous not to aim higher than a simple refund. Although if that is what it comes to, then that will be that.
Nope 7-8 emails now and no replies. That is the only email address I have.
Well they must have been blind when the 8/16 DTCC notice was released to "all participants". How could that not have sent them a enormous red flag. Wouldn't you think at that time they knew all the shares they had been selling were backed by nothing but air? I guess they were way too busy to check on that... yeah right!
And they kept selling them!!!
t2h:
Can I ask who your contact @ etrade is?
Is it ebarhart? courtney.eberhart@etrade.com
That's who I have been sending emails to.
January 11, 2006, the Oklahoma County District Court enters an “Order Approving Settlement Agreement”, which settles the claims between the Company, Mario Pino, his associates and affiliated entities, Capital Growth Financial, L.L.C. and JH Darbie &Co.
In accordance with the settlement, the Company is owed certain sums in respect of the proceeds received through the sale of invalidly issued shares of common stock, and the Company issues 25,025,000 shares of common stock to JH Darbie &Co. and 219,723,000 shares of common stock to Capital Growth Financial, L.L.C. for an aggregate sum of 244,748,000 shares to be deposited with the DTCC in satisfaction of JH Darbie &Co.’s and Capital Growth Financial, L.L.C.’s short positions.
Apparently they were never deposited??
The number of shares won in the original Oklahoma lawsuit from Cap Growth or Darbie. If I remember correctly it was somewhat lower than the 245 million. 237 or something like that. Just guessing.