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O/T: Another wacked-out Al Quaeda camel jockey gets a grip on reality; "...Resistance is futile - you will be annihilated..."!!!
One of Saudi Arabia's most wanted militants surrenders
An Islamic militant suspected of involvement in suicide bombings in Saudi Arabia has turned himself in to the authorities.
The official Saudi Press Agency said Mansour bin Mohammed Ahmed Faqih was on a list of 26 most wanted issued by the government.
Authorities have been trying to crack down on members of the militant group al-Qaida, believed to be behind suicide bomb attacks in May and November which left more than 50 people dead.
John
O/T: Another wacked-out Al Quaeda camel jockey gets a grip on reality; "...Resistance is futile - you will be annihilated..."!!!
One of Saudi Arabia's most wanted militants surrenders
An Islamic militant suspected of involvement in suicide bombings in Saudi Arabia has turned himself in to the authorities.
The official Saudi Press Agency said Mansour bin Mohammed Ahmed Faqih was on a list of 26 most wanted issued by the government.
Authorities have been trying to crack down on members of the militant group al-Qaida, believed to be behind suicide bomb attacks in May and November which left more than 50 people dead.
John
I'm just supporting the Board, not following the company.
John
O/T: ONEBGG ("..Obewan..") has created a nifty little website. Check it out.
It's Up & Going, Please Pass This Around:
... http://tinyurl.com/39kgx .
Lots Of Fun Custom Simile’s, Over 130 Fun Buttons!!!
Please pass it around; it's a lot of fun!!!
... Gary
John
O/T: ONEBGG ("..Obewan..") has created a nifty little website.
Check it out.
It's Up & Going, Please Pass This Around:
... http://tinyurl.com/39kgx .
Lots Of Fun Custom Simile’s, Over 130 Fun Buttons!!!
Please pass it around; it's a lot of fun!!!
... Gary
John
O/T: ONEBGG ("..Obewan..") has created a nifty little website.
Check it out.
It's Up & Going, Please Pass This Around:
... http://tinyurl.com/39kgx .
Lots Of Fun Custom Simile’s, Over 130 Fun Buttons!!!
Please pass it around; it's a lot of fun!!!
... Gary
John
While Doofus Demoncrats & The (W)itch dabble, dribble, and dawdle over non-issues, the US Military stomps the crap out of Al Quaeda ragheads.... ("...GOooooooooo GDubya..."!!!)
KABUL, Afghanistan — The U.S. military said Tuesday it killed 10 suspected rebels and captured more than 100 other people in a four-week old operation it has billed as the largest since the fall of the Taliban (search) two years ago.
Two Afghan soldiers also were killed, while two Afghans and two coalition soldiers were injured in action during Operation Avalanche (search), which ended Monday after four weeks, a military spokesman said.
The operation involved more than 2,000 U.S. troops in an area of southern and eastern Afghanistan the size of California, though there were no major skirmishes. U.S. troops and soldiers from allied nations such as Romania (search) carried out hundreds of patrols and searches, uncovering weapons caches and making arrests.
"Most important is what didn't happen," Lt. Col. Bryan Hilferty said at a news conference, citing the reopening of a key highway to the south that has been plagued by militant attacks and an apparent slowdown in attacks on aid workers. He gave no details on when the arrests were made or under what circumstances the rebel suspects were killed.
Still, the start of the operation was overshadowed by the deaths of 15 children in raids on suspected militants. In both cases, the chief suspect escaped.
Avalanche was also supposed to keep militants on the defensive during a historic constitutional convention, or loya jirga, which began in the capital, Kabul, more than two weeks ago.
So far, the gathering has gone ahead without any serious disruption.
Still, at least five rockets have been fired into the city, and on Sunday, four Afghan intelligence agents died in a blast as they attempted to arrest a suspected terrorist carrying explosives.
None of those incidents occurred near the convention, which is guarded mainly by members of the new Afghan National Army, a U.S.-trained force which currently numbers about 7,000 men.
The new army took possession Tuesday of 24 new trucks donated by India, the first of 300 vehicles including jeeps and ambulances pledged by Delhi last year.
Brig. Gen. Thomas Mancino, whose National Guard unit is leading the training, said the vehicles would fill shortfalls in equipment hampering the Afghan army from getting more involved in combat operations.
. 10 suspected rebels and captured more than 100 other people in a four-week old operation it has billed as the largest since the fall of the Taliban (search) two years ago.
Two Afghan soldiers also were killed, while two Afghans and two coalition soldiers were injured in action during Operation Avalanche (search), which ended Monday after four weeks, a military spokesman said.
The operation involved more than 2,000 U.S. troops in an area of southern and eastern Afghanistan the size of California, though there were no major skirmishes. U.S. troops and soldiers from allied nations such as Romania (search) carried out hundreds of patrols and searches, uncovering weapons caches and making arrests.
"Most important is what didn't happen," Lt. Col. Bryan Hilferty said at a news conference, citing the reopening of a key highway to the south that has been plagued by militant attacks and an apparent slowdown in attacks on aid workers. He gave no details on when the arrests were made or under what circumstances the rebel suspects were killed.
Still, the start of the operation was overshadowed by the deaths of 15 children in raids on suspected militants. In both cases, the chief suspect escaped.
Avalanche was also supposed to keep militants on the defensive during a historic constitutional convention, or loya jirga, which began in the capital, Kabul, more than two weeks ago.
So far, the gathering has gone ahead without any serious disruption.
Still, at least five rockets have been fired into the city, and on Sunday, four Afghan intelligence agents died in a blast as they attempted to arrest a suspected terrorist carrying explosives.
None of those incidents occurred near the convention, which is guarded mainly by members of the new Afghan National Army, a U.S.-trained force which currently numbers about 7,000 men.
The new army took possession Tuesday of 24 new trucks donated by India, the first of 300 vehicles including jeeps and ambulances pledged by Delhi last year.
Brig. Gen. Thomas Mancino, whose National Guard unit is leading the training, said the vehicles would fill shortfalls in equipment hampering the Afghan army from getting more involved in combat operations.
ATNG Promotes Fatigue Pack
(Source: Business Wire)
12/30/03 15:33
FENTON, Mich., Dec 30, 2003 (BUSINESS WIRE) -- ATNG Inc. (OTCBB: ATNG) announced today that after twelve years of development, the Blue Kiwi Fatigue Pack(TM) is available for purchase in the first phase rollout.
Several last minute changes slowed the web site and advertising campaign. We signed a $720,000 advertising contract as part of the first phase. The ads will run Nationwide, beginning in newspapers and magazines, then moving to radio and TV. The ecommerce aspect of the web site will be up and running next week according to our IT Department. We expect the support systems to be debugged in mid January.
Our primary goal is to provide a top quality product that works. Feedback from initial customer trials has been very exciting. According to James Barger, President of Blue Kiwi Inc., comments have included: "After taking the Fatigue Pack(TM) for several days, I've noticed that I don't need my allergy medicine as often." and "After just one week of taking your product, I am waking up earlier and feeling more rested." Barger states, "We realize these are just two comments but they are what we want to hear. We are committed to providing the highest quality products and services that have a positive impact on the health of our clients."
During January we will shift from clinical applications through a few select practitioners to the mass market. We also have much to do to clean up the systems.
About ATNG
ATNG has several acquisitions of profitable or soon to be profitable companies in the works. Our web site will continue to provide updated information to those interested in our progress.
Web site: www.atnginfo.com
Contact Information: ir@atnginfo.com
SOURCE: ATNG Inc.
CONTACT: ATNG Inc.
Robert Simpson, 810-714-2978
ir@atnginfo.com
".....Ruhhhhhhhh Rohhhhhhhhh..." - another CLINTON-ERA screw-up comes to light.....!!!
Infected cow's age suggests lower risk
By Elizabeth Weise, USA TODAY
WASHINGTON — The Washington state cow infected with mad cow disease was born four months before the United States and Canada instituted bans on feed containing potentially infectious material, U.S. Department of Agriculture officials said Monday. The determination that the cow was more than 6 years old — not 4, as originally thought — is good news for the U.S. meat industry.
Feed that included cooked, ground-up cattle parts was legal in both the USA and Canada until August 1997. Ron DeHaven, USDA's chief veterinarian, said research has shown that eating this kind of feed is "the primary, if not the only way" the disease is spread from animal to animal.
The infection of a 4 -year-old cow would indicate that the feed ban wasn't working, but an older cow could have eaten infected feed.
This means that while there might be stray cases of mad cow disease from the use of infected feed in the late 1990s, it is likely that very few of those animals are still alive because most U.S. beef cattle are slaughtered at 18-24 months old. The only cattle likely to have been alive prior to the feed ban would be the smaller number of dairy cattle and breeding bulls prized for milk output or excellent genes. Such animals are allowed to live as long as 10-15 years, said Deb Roeber, a beef specialist at the University of Minnesota.
The infected Holstein was one of thousands of dairy cows imported from Alberta, Canada, in 2001. The USDA hasn't confirmed the exact number. DeHaven said this weekend that the department will turn its attention to those cows after it has found the 81 cattle that came into the USA with the infected cow. U.S. officials originally thought they were looking for 73 cows.
Mad cow disease, or bovine spongiform encephalopathy, is a concern because humans who eat tainted tissue can get a brain-wasting illness, variant Creutzfeldt-Jakob disease. Officials have said, however, that potentially infectious tissue from the infected cow's brain, spinal cord and nervous system was removed at slaughter.
A recall of 10,415 pounds of meat produced at Vern's Moses Lake Meats in Moses Lake, Wash., on Dec. 9 — the day the infected cow was slaughtered there — is going well, said Ken Petersen of the USDA's Food Safety Inspection Service. More than 80% of the meat went to Washington and Oregon, and all major retailers that received it have been notified and have notified customers.
The recall has been extended to Alaska, California, Hawaii, Idaho, Montana, Nevada and Guam. But Petersen said that in each of those areas, there may be as few as one retail outlet affected.
Copyright 2003 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
http://www.usatoday.com/money/industries/food/2003-12-29-mad-cow-age_x.htm
".....Ruhhhhhhhh Rohhhhhhhhh..." - another CLINTWIT-ERA fudge-up comes to light.....!!!
Infected cow's age suggests lower risk
By Elizabeth Weise, USA TODAY
WASHINGTON — The Washington state cow infected with mad cow disease was born four months before the United States and Canada instituted bans on feed containing potentially infectious material, U.S. Department of Agriculture officials said Monday. The determination that the cow was more than 6 years old — not 4, as originally thought — is good news for the U.S. meat industry.
Feed that included cooked, ground-up cattle parts was legal in both the USA and Canada until August 1997. Ron DeHaven, USDA's chief veterinarian, said research has shown that eating this kind of feed is "the primary, if not the only way" the disease is spread from animal to animal.
The infection of a 4 -year-old cow would indicate that the feed ban wasn't working, but an older cow could have eaten infected feed.
This means that while there might be stray cases of mad cow disease from the use of infected feed in the late 1990s, it is likely that very few of those animals are still alive because most U.S. beef cattle are slaughtered at 18-24 months old. The only cattle likely to have been alive prior to the feed ban would be the smaller number of dairy cattle and breeding bulls prized for milk output or excellent genes. Such animals are allowed to live as long as 10-15 years, said Deb Roeber, a beef specialist at the University of Minnesota.
The infected Holstein was one of thousands of dairy cows imported from Alberta, Canada, in 2001. The USDA hasn't confirmed the exact number. DeHaven said this weekend that the department will turn its attention to those cows after it has found the 81 cattle that came into the USA with the infected cow. U.S. officials originally thought they were looking for 73 cows.
Mad cow disease, or bovine spongiform encephalopathy, is a concern because humans who eat tainted tissue can get a brain-wasting illness, variant Creutzfeldt-Jakob disease. Officials have said, however, that potentially infectious tissue from the infected cow's brain, spinal cord and nervous system was removed at slaughter.
A recall of 10,415 pounds of meat produced at Vern's Moses Lake Meats in Moses Lake, Wash., on Dec. 9 — the day the infected cow was slaughtered there — is going well, said Ken Petersen of the USDA's Food Safety Inspection Service. More than 80% of the meat went to Washington and Oregon, and all major retailers that received it have been notified and have notified customers.
The recall has been extended to Alaska, California, Hawaii, Idaho, Montana, Nevada and Guam. But Petersen said that in each of those areas, there may be as few as one retail outlet affected.
Copyright 2003 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
http://www.usatoday.com/money/industries/food/2003-12-29-mad-cow-age_x.htm
The "..Eye-talian.." Enron saga expandes...........
SEC Charges Parmalat Agency Says Italian Firm Defrauded U.S. Investors
By Carrie Johnson
Washington Post Staff Writer
Tuesday, December 30, 2003; Page E01
The Securities and Exchange Commission yesterday sued Parmalat Finanziaria SpA, accusing the Italian milk and cookie maker of defrauding U.S. investors in what regulators called "one of the largest and most brazen corporate financial frauds in history."
Parmalat fraudulently offered $100 million worth of unsecured notes to U.S. investors this year at the same time it inflated its assets by at least $5 billion and understated its liabilities, the agency contended in court papers filed in Manhattan. Parmalat's American depository receipts trade in the over-the-counter market in the United States. The company, which makes long-lasting milk and Archway cookies, among other products, maintains an American headquarters in New Jersey and has other operations across the country.
Trouble at Parmalat was initially disclosed Dec. 19, when the company revealed that a U.S. bank had no record of a $4.9 billion account allegedly maintained by a Parmalat subsidiary based in the Cayman Islands. A source close to the company says the accounting irregularities have surpassed $8 billion and could grow.
The company filed for bankruptcy protection Dec. 24, and founder Calisto Tanzi was taken into custody over the weekend on suspicion of making false statements and committing fraud. Italian prosecutors yesterday argued that Tanzi knew about long-running accounting tricks at Parmalat and encouraged a judge to incarcerate the 65-year-old Tanzi in a Milan prison while they continue to interview witnesses, according to an Associated Press report. The judge said he would rule on the request today.
Tanzi, who has faced extensive questioning from Italian authorities in recent days, was not charged in the SEC civil complaint. But the court papers provide fresh details of conversations Tanzi, former chief financial officer Luciano Del Soldato and other executives had as late as Dec. 9 with representatives from an unnamed New York private equity firm to discuss a possible leveraged buyout of Parmalat.
During the meeting, Calisto Tanzi's son Stefano Tanzi, who is a senior executive at the company, admitted that Parmalat had far less cash on hand than it had reported, the SEC complaint said. Del Soldato told the bankers that Parmalat's debt had ballooned beyond what was reported on its balance sheet, according to the court papers. Officials at the New York firm urged the Tanzis to publicly disclose the deterioration in the company's financial position, but they refused, the SEC said.
"We are protecting U.S. investors," Linda Chatman Thomsen, a deputy enforcement director at the SEC in Washington, said in an interview. "They raised a lot of money in the U.S. markets." The SEC is seeking disgorgement of ill-gotten gains and undisclosed civil penalties, Thomsen said.
A spokesman for Parmalat declined comment yesterday.
The rapid response by the SEC is yet another example of the agency's attempt at "real-time" enforcement -- intervening to stop an alleged fraud soon after it is uncovered in an effort to minimize damage to investors. In the past year, the SEC has quickly moved to sue WorldCom Inc. and HealthSouth Corp. for alleged violations of securities laws.
Besides the bank account whose existence was later denied by Bank of America Corp., Parmalat also falsely told U.S. investors earlier this year that it used excess cash balances to repurchase debt worth $3.6 billion, when in fact it had not done so, according to court papers. In all, since 1998, shareholders and bondholders in the United States invested nearly $1.5 billion in Parmalat, the SEC said.
The quickly expanding scandal at Parmalat has also turned unwanted attention to Grant Thornton, one of the world's biggest accounting firms. Grant Thornton in recent years has lured scores of clients away from larger rivals, in part by promoting its clean image amid a series of financial scandals that helped bring down competitor Arthur Andersen LLP.
Yesterday two officials from Grant's Italian unit said they had agreed to meet with prosecutors examining their work for Parmalat. Investigators are probing what nearly 20 executives, auditors and employees at Parmalat knew about the Cayman Islands bank account and other, more sophisticated financial structures -- including one dubbed "the black hole" -- that Parmalat executives allegedly used to bury debt and possibly enrich themselves, according to a source familiar with the investigation.
Lorenzo Penca, head of Grant's Italian branch, and Maurizio Bianchi, an audit partner, issued a statement yesterday saying they would meet with prosecutors and denying that they had any connection to "illicit behavior" at the Italian food giant. At the same time, Grant Thornton International, an umbrella organization for the firm's global operations, said it had launched an internal investigation into its Italian unit. Spokeswoman Nan Williams said she would not comment further. Grant Thornton has contended that it is the victim of a fraud committed by others.
Grant Thornton's foreign operations are a loose coalition of offices in 110 countries, employing about 21,500 workers across the globe. Last year Grant billed almost $2 billion, with its U.S. unit taking in $459 million in revenue, a leap of about 25 percent from the year before.
Each of Grant Thornton's branches has its own insurance, and branches do not share profits, making it more difficult for plaintiff lawyers to contend that Grant's U.S. arm should be on the hook for possible breakdowns in Italy, said Chicago-based accounting consultant Allan D. Koltin, who has done work for Grant Thornton in the past.
Grant Thornton SpA, the firm's Italian arm, had reviewed Parmalat's books for years before it turned over the reins to Deloitte Touche Tohmatsu in 1999 after Italian law forced a switch in auditors. Grant Thornton continued to audit Parmalat subsidiaries, including Bonlat Financing Corp., a Cayman Islands unit that regulators describe as being at the center of their investigation.
Those numbers are most likely completely bogus.
Until you mentioned the poll here, I had never heard of it. Hence, it's most likely that the "..poll.." was spammed all over the WWW's homosexual network as a protest against the AFA - and the results reflect that. Much the same as "..Hillary's.." goofy polls are mostly taken by her hand-picked personal campaign staff, N.O.W. FemiZazi's, and skunks.
Let's wait until Gallup, Harris or some other professional pollster comes out with legit numbers, and see what the outcome "...really..." is.
John
The Eye-talians are apparently a little smarter than our SEC boys and Fed cops.
They dragged the Boss SOB in for questioning, then the Judge had him arrested. Saves a lot of trouble, and avoids having to track the slimers down in Aruba or wherever.
John
Europe's Enron............
Judge Orders Parmalat Founder Arrested
Sun December 28, 2003 12:00 PM ET
MILAN (Reuters) - An Italian judge on Sunday ordered the arrest of Parmalat founder Calisto Tanzi on suspicion of market rigging and false auditing, judicial sources said.
Police picked up Tanzi on Saturday for questioning under a 48-hour detention order issued by prosecutors in Parma, near the headquarters of the global food group, which is engulfed in a multi-billion-euro accounting scandal.
Prosecutors from Milan and Parma questioned Tanzi in Milan's San Vittore jail for more than six-and-a-half hours on Sunday over suspected fraud, criminal association and market rigging, judicial sources said.
The Milan judge later issued an order, requested by Milan prosecutors, to arrest Tanzi, enabling authorities to keep him in custody for questioning beyond the 48 hours in the detention order.
Investigators planned on Monday to continue interrogating Tanzi, who is suspected of having misappropriated hundreds of millions of euros from his family-controlled firm, the judicial sources said. Tanzi has not been charged with any crimes.
http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=4050497
Hi,
Please check your iHub MailBox in the blue bar at the top of your screen.
As a purely speculative play, there would be a possibility of good gains if or when Tirex closes one of the potential sales that are still being worked. South America is probably the best opportunity, Puerto Rico is still on the table, and there was considerable interest in Europe and China orginally.
The cryogenic technology has been proven in both the laboratory ( including US Gov't DOE Labs ) and practically at the old Tirex plant. The TCS-1 system that was used was an "..R&D.." set up, never intended to be a commercial production system. It did produce clean crumb of fine grain quality, a sample of which I have personally handled.
For a period of time, in an attempt to generate operating income, the R&D system was used to process tires in Canada. As expected by those of us with "..factory floor.." engineering, construction, start-up, operating and retrofitting experience, the R&D machine's material handling and screening system system ( located after the cryo processing chamber ) caused some problems as it was not specifically designed to work with the TCS-1 in a constant production mode. There were also some TCS components that failed in service ( not unexpected )due to age and the company did not have enough cash at that time to purchase replacements.
To produce a production grade TCS-1 or TCS-2 the auxiliary components would be purchased new and specifically mated to the process by Simpro in Italy. Simpro has all the drawings, bills of materials, specifications, process specs, operation and maintenance manuals, etc. http://www.simpro.it/simprouk/indexuk.html
Systems like this would be test run and debugged at the factory for quality assurance, then broken down and shipped to the customer's site. It would then be reassembled, tested, and run by factory technicians until the owner's operators were ready to take over. There is nothing new about this methodology, it's done every day by huge corporations like P&G, Coors, Nestle', Philip-Morris, H-P, Motorola, etc.
Contrary to the inexperienced and inaccurate opinions of some, such systems are financeable even as a 'brand new technology' when the customer has good credit and sufficient collateral assets are present. Likewise, there may be development funds available from national or regional Government incubator efforts attempting to promote new technologies. Since I am directly involved in those kind of negotiations with Government agencies from time, I can assure you it is "..do-able..". Simpro's name would carry a lot of weight in such negotiations, just as someone like LeTourneau
( http://www.letourneau-inc.com/ ) would, who has developed custom equipment systems for years ( i.e. for the Panama Canal ). A new type of mobile concrete or asphault plant would be an example of something that would about the same challenge. No real rocket science involved, just good design and execution required using industrial grade materials, methods, and controls.
I don't know if Tirex will eventually make it or not, but their technology is as good as anybody else's out there - probably better. There's absolutely no reason that they couldn't make it, IMHO. That's why a number of Long-Time Tirex Bashers have apparently been collecting "...scardy-shares..." gleaned from bailing longs and intentionally discouraged newbies for an extended period of time.
Under the circumstances, I rate TXMC a "...Spare Casino Money Only..." speculation. It might be a good back-up plan to stand ready to accumulate if/when news and relisting takes place - for those not wishing to accumulate shares under the current circumstances.
The "..FAT LADY.." has not yet sung for Tirex, so stay tuned................. DYODD.
John
Judging from the Palm Springs area court docket, you'll be in a very long line...!!!
Those are BYOPB&J and cooler events, just like the infamous QBID '..l(a)unches..'.
John
Actually..........
The Puerto Rican deal is still a possibilty, but it's simmering on the back burner at this point in time. It is more likely, should they succeed, that the first sales will be made in South America, where the priciples involved have direct ties with the financial institution that will finance the project.
As Dave has mentioned, Tirex is still making its filings; which is somewhat encouraging - 'quitters never win'. Any downpayment on a system will provide the funds needed to pay the MM fees to get the reinstatement forms submitted and have them quoted on the OTCBB again. The company is currently on the Gray Sheets, as I understand it. Hence, the rather funky spread.
Tirex is certainly a Spare Casino Money Only consideration at this point, but their technology is sound. You might want to sign up for an email News Alert service like http://www.newsalert.com/ so that if a sale is made you'll know about it ASAP.
John
"....Wrrrrronnnnnnnnnnkkk..."!!! You failed.
But, Merry Christmas anyway....!!
"......Arrrrrrrrrgh, Matey...............
A Merry Christmas to ya, ya ol rascal.........
and same to everyone else...!!!
John
O/T:
A Holiday "..Ha ha.." from the gang at QBID....: #msg-1999224
John
Thanks, Dave,
Same to you.
John
Hi jc,
It is probably a result of all those Pocketbook MAD paperbacks by flashlight under the covers..........
No extra charge. And, ...............Merry Christmas...!!!
John
The night before Christmas - a la QBID.............:
"T'was the night before Christmas and all through the house
...not a PR was being edited by that fat, lying louse...
The stockings were hung by the chimney with care....
in hope Fedex would bring certs, worthless as they are...
The chlidren were nestled all snug in their beds,
while visions of sugar-plums danced in their heads.
Dicky Wiener in his 'kerchief and Fat Fwankie taking a crap...
were about to settle down for a long winter's "..nap...".
When out on the lawn there arose such a clatter,
B-17 tires crushed pup-tents - sending cold pizza a-splatter...!!!
Fwankie sprung a leak - drowning Dicky in schmatter, as
skunks threw up, and some tripped over dark matter....
Away to the window, stockholders flew like a flash,
tearing open the shutters and throwing open their sash....
The moon on the breast of the new-fallen snow
Gave the lustre of mid-day to objects below,
When, what to their wondering eyes should appear,
But a bulbous pink carriage and eight tiny nude queers,
With a pudgy old driver, fumbling furtively with his pricque,
we knew in a moment it must be Fwankie Olsen's schtick,
More rapid than eagles his coursers they came,
(..someone will have to clean that mess up later..)
And he whistled, and shouted, and called them by name:
"Now, DASHER! now, DANCER! now, PRANCER and VIXEN!
On, COMET! on CUPID! on, DONDER and BLITZEN!
(..We'll take a short Commercial break -
while they get back off of each other..)
To the top of the porch! to the top of the wall!
Now whack it, and whack it, and whack it – ya’ll…!!!
As dry leaves that before the wild hurricane fly,
When they meet with an another, they mount in the sky,
So up to the house-top the coursers they blew,
With the coach full of Vaseline and Fat Fwankie too.
And then, in a twinkling, I heard on the roof
The prancing and pawing of each little goof.
As I drew in my hand, and was turning around,
Down the chimney Fat Fwankie came like a clown.
He was dressed in pink fur, from his head to his foot,
And his clothes were all tarnished with ashes and smut;
A bundle of certs he had flung on his back,
And he looked like a hooker just opening her pack.
His arse how it twinkled - its dimples so glare-y!
His cheeks were like roses, his nose like a cherry!
His droll little mouth was twisted up like a HO,
And the scum on his tummy was as white as the snow;
The stump of Dick Wiener held tight in his teeth,
And the stench of it encircled his head like a wreath;
He had a broad face and a huge bloated belly,
That shook, when he chortled like a bowlful of jelly.
He was chubby old grunt, a left-leaning old elf,
And I laughed when I saw him, in spite of myself;
A wink of his eye - and a limp wag of his wrist,
Soon gave me a clue to double my fists;
He spoke not a word, but went straight to his work,
And fired up the Xerox like s scheming old jerk,
And laying his finger aside of his nose,
He stuck his thumb up his arse and up the chimney he rose;
He sprang to his carriage, to his gaggle gave a giggle,
And away they all flew like the down of a thistle.
But I heard him exclaim, ere he drove out of sight,
"HAPPY 2003 - YOU’VE BEEN WELL SCREWED TONIGHT..!!!"
BURMA SHAVE
Investigators Outline Parmalat's Efforts to Hide Liabilities
By JOHN TAGLIABUE
Published: December 23, 2003
MILAN, Italy, Dec. 23 — As the Italian government and the board of Parmalat eased the Italian dairy giant toward the local equivalent of Chapter 11 bankruptcy, Italian magistrates said today that they had sketched the broad outlines of a tangled financial scheme dating back more than a decade and involving offshore front companies to falsify Parmalat's books.
The investigators said that many blank areas of the outline remained to be filled in, but that their information revealed efforts stretching back at least to Parmalat's public offering of shares in 1990 to hide from investors a mass of liabilities that over the years had swollen to perhaps as much as $11 billion.
Many questions remain unanswered, but the debacle prompted the government in Rome to pass a decree this afternoon to make it easier for Parmalat to reorganize while enjoying protection from its creditors.
The government said Parmalat's new chairman and chief executive, Enrico Bondi, would be named commissioner to draw up a reorganization plan under government supervision. It said Italy would ask the European Union for permission to help Parmalat continue running its industrial operations and to help farmers in Italy who have been hit by the company's cash shortage.
Mr. Bondi, who last week replaced Parmalat's founder and chairman, Calisto Tanzi, was expected to convene the company's board this evening to approve a court filing for protection from creditors. That became unavoidable after Parmalat, with 35,000 employees in 126 factories worldwide, stunned investors on Friday when it said that documents from Bank of America showing a deposit of 3.95 billion euros, or $4.9 billion, representing almost two-fifths the company's total assets, were forged.
The government's decree was a modification of Italy's Prodi-Bis restructuring law, which gives companies time to sell assets to avoid bankruptcy.
Magistrates spent the day questioning Fausto Tonna, one of roughly 20 current and former Parmalat executives and others who are under investigation for possible fraud. Mr. Tonna, who was chief financial officer for 16 years before he resigned in February, was a principal architect of Parmalat's tangled financial structure. He was also a director of Bonlat Financing, an offshore finance company controlled by Parmalat that investigators say is at the eye of the investigation.
"We have a rough outline," said Francesco Greco, the chief magistrate. Mr. Tonna, who entered the magistrates' offices with his coat pulled over his head and baseball cap pulled down over his face, refused to answer reporters' questions.
Parmalat appears to have created finance companies in the Antilles already at the end of the 1980's essentially to dump liabilities it sought to hide from investors when Mr. Tanzi sold shares in the company to outside investors, according to people close to the investigation. Mr. Tanzi holds about 51 percent of Parmalat shares; the remainder is traded on the Milan stock exchange.
At the time, these people said, the Parmalat group, including the offshore finance companies, was audited by the accounting firm Grant Thornton. In the mid-1990's Italy introduced a sweeping overhaul of its financial system that required Italian companies to rotate their auditors every nine years. So in 1999 Parmalat brought in Deloitte Touche to replace Grant Thornton.
Before doing so, however, Parmalat effectively closed down the Antilles-based companies, replacing them with Bonlat, which was registered in the Cayman Islands. Yet while Deloitte assumed responsibility for the Parmalat group, the auditing of Bonlat remained in the hands of Grant Thornton.
Parmalat, in information for investors, describes Bonlat as a treasury center. But people close to the investigations called it a "garbage can," where Parmalat parked all manner of liabilities accrued at its various subsidiaries around the world. On its balance sheet, Parmalat declared Bonlat to be in possession of assets that included the 3.95 billion euros supposedly held by Bank of America. In fact, Bonlat's assets appear to have been non-existent, appearing only on paper, the people said.
Investigators said that despite intense questioning of company officials and the advisers, many questions remained unanswered. On Monday, Mr. Greco and his team heard Gian Paolo Zini, an Italian lawyer and adviser to Mr.Tanzi who divides his time between Milan and an office on Park Avenue in New York. But they said it remained unclear when exactly Parmalat devised the offshore scheme for masking liabilities and which liabilities it originally sought to hide. Nor is it clear who thought up the idea, whether Parmalat financial officers, advisers like Mr. Zini, or perhaps Mr. Tanzi himself.
Investigators have also been trying to find out whether Parmalat repurchased 2.9 billion euros of bonds that it claimed to have done. People close to the investigation said Mr. Tonna said it had not.
In addition, although Parmalat said it expected a payment of $589.9 million on Dec. 4 from Epicurum, a hedge fund based in the Cayman Islands, investigators said only $1.4 million of Epicurum's assets had been found.
Investigators said that some of the evidence points to the possibility that auditors at Grant Thornton knew of the scheme to hide liabilities at Bonlat. They point to the decision to maintain Grant Thornton as Bonlat's auditor, even after the rotation to Deloitte.
A spokeswoman for Grant Thornton in London said the firm was cooperating with the investigation. The spokeswoman, Nan Williams, recalled that it was Grant Thornton that in part set the present events in motion last December when it wrote to Bank of America asking for confirmation that the Bonlat account existed. In March, Grant Thornton received from Parmalat documents on Bank of America letterheads confirming the accounts. But Bank of America subsequently declared the letters forgeries.
The bank denies any involvement and filed a criminal complaint today with the investigating magistrates. A spokeswoman for the bank said the complaint related to the possible forgery of bank documents.
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"This is a juncture for the leaders in the region," says Musa Shteiwi, director of the Jordan Center for Social Research in Amman. "Those who are falling farther behind in the development process will have to think about the way they are running their societies ." Dr. Shteiwi says pictures of jubilation among many Iraqis will remain with Arab leaders and "will add to other elements that are redefining their relations with their constituencies."
"...An epiphany.." would have been a much better choice of words, IMHO
(3a) http://dictionary.reference.com/search?q=epiphany Ha ha ha ha ha ha ha.......!!!
John
"This is a juncture for the leaders in the region," says Musa Shteiwi, director of the Jordan Center for Social Research in Amman. "Those who are falling farther behind in the development process will have to think about the way they are running their societies ." Dr. Shteiwi says pictures of jubilation among many Iraqis will remain with Arab leaders and "will add to other elements that are redefining their relations with their constituencies."
"...An epiphany.." would have been a much better choice of words, IMHO
(3a) http://dictionary.reference.com/search?q=epiphany Ha ha ha ha ha ha ha.......!!!
John
Hussein's fall sends ripples through Mideast
Dictator's capture amplifies American power in the region, even as President Bush says use of force is a 'last resort.'
By Howard LaFranchi / Staff writer of The Christian Science Monitor
WASHINGTON – When President Bush said "good riddance" to Saddam Hussein after the deposed Iraqi dictator's capture, he could have been speaking for Arab leaders and governments.
As many Arab experts note, nobody in the region ever liked the guy.
But at the same time, Arab leaders are responding to the definitive fall of one of the region's longest-lasting leaders in a nuanced manner. And that, experts add, means fallout in the region is likely to unfold slowly - and be carefully camouflaged to obscure any suggestion of being in response to something accomplished by the occupier of an Arab country.
"If leaders from the region have been largely silent on Saddam, it's because they really have no good options in terms of a public position to take," says Mark Palmer, a vice-chairman of Freedom House and a specialist in the mechanics of dictatorships. "If they welcome it, they seem to be encouraging these overthrows. But if they're negative about it, they look like they're siding with [Mr. Hussein]."
The Iraqi despot's qualifications for "most tyrannical" outstrip those of other autocrats in the region. Still, there must have been some musings on the order of "Could that ever be me?" as the video of Hussein's disheveled hair and beard being inspected by an American doctor ran on Arab satellite channels.
"This is a juncture for the leaders in the region," says Musa Shteiwi, director of the Jordan Center for Social Research in Amman. "Those who are falling farther behind in the development process will have to think about the way they are running their societies ." Dr. Shteiwi says pictures of jubilation among many Iraqis will remain with Arab leaders and "will add to other elements that are redefining their relations with their constituencies."
At the same time, Arab leaders have to deal with the humiliation, often keenly felt by their people, of having an Arab leader brought down in so ignobly.
"There is a surreptitious embarrassment that this fellow who was a problem for so many was allowed to be a leader for so long, and that his downfall had to come from the outside," says Clovis Maksoud, a longtime Egyptian diplomat and now Middle East expert at American University in Washington.
For the region's leaders, he adds, "It was a reminder that these days, dealing with the US means being humbled."
For US, force remains a 'last resort'
Yet for Arab regimes that keep a close eye on Washington - virtually all of them - there must also have been some sense of relief in words spoken by Bush. At his press conference last week - in reference to whether North Korean leader Kim Jong Il should take a lesson from Hussein's fall - the president said that military power is his "last choice.... I'm reluctant to use [it]."
That will have been noted particularly in Syria, some experts say, where the regime of Bashar al-Assad was shaken by a "Syria's next" tone that flowered in some segments of the administration after Hussein was run out of Baghdad last spring.
"The case of Bashar is specific to Syria, but it is also typical in that the response is complicated by mixed motivations," says Michael Hudson, director of the Center for Contemporary Arab Studies at Georgetown University in Washington. "He didn't like Saddam. But the Syrians also feel they were double-crossed by the US after the Iraq war."
Syria has been providing Washington with useful intelligence on Al Qaeda, Mr. Hudson says. "They hoped to get off the terrorism list, but instead they find themselves in more trouble with Washington," with the passage of a Syria Accountability Act this fall that requires punishing measures against Damascus.
Regional ripple effects
Saddam's capture is likely to reinforce the priorities and preoccupations that others of Iraq's neighbors were already watching out for, experts say, including:
• Iran, favoring the emergence of a stable and geopolitically nonthreatening Iraq, will continue to maneuver for a friendly - and Shiite-dominant - regime to result from its neighbor's transition. In what was perhaps the quickest response among Iraq's neighbor's, Iran said last week it wants any trial of Hussein to take up Iraq's war crimes. The Iranian government said it wanted an international tribunal to take up "the crimes of the dictator," adding that besides the Iraqi people, others have grievances to take up in an international venue.
• Saudi Arabia is worried that Hussein's capture and trial could further tarnish the image of Iraq's Sunni Muslims - who have ruled the country despite their minority status - and weaken their claims to an important role in the country's future governance. The Saudi regime, which had already responded to Hussein's fall by loosening the tight reins it keeps on the kingdom's Shiites, shudders at the thought of a pro-Iranian Shiite regime next door. But Saudi rulers will have been heartened, experts say, by calls from some US officials and commentators to now draw Iraq's Sunnis away from the chimera of the old regime and into the promise of a new Iraq.
• Hussein's capture by US forces - and any sense in the region that his trial will be orchestrated by the US - will reinforce the reluctance of Iraq's neighbors to deal with the US-appointed Iraqi Governing Council. That reluctance, some experts say, is one more factor prodding the US to speed the transition to full Iraqi sovereignty.
The US wants Iraq's neighbors to facilitate the transition. For example, the US sees reducing Iraq's international debt as crucial to its economic stabilization and growth. This was exemplified last week by special US envoy James Baker's trip to secure commitments from European nations to forgive or restructure Iraqi debts.
But Arab countries hold a much larger slice of the Iraqi debt - about two-thirds of $120 billion - and will be key to making any debt reduction meaningful.
Spread of democracy?
Freedom House's Mr. Palmer says his experience in Eastern Europe tells him that the spread of democracy in the Middle East will accelerate because "the fall of one dictator in a region unavoidably sends ripples through" neighboring countries.
But American University's Mr. Maksoud cautions that a transition benefiting the region could be slowed if democracy and economic reforms are perceived as following American orders.
"Even among pro-American governments the US is seen as having lost the art of persuasion and having replaced that with the power to dictate," he says. "Saddam's demise alerts them to steps they have to take. But they won't admit it," he adds, "especially if looks like its driven from the outside."
Hussein's fall sends ripples through Mideast
Dictator's capture amplifies American power in the region, even as President Bush says use of force is a 'last resort.'
By Howard LaFranchi / Staff writer of The Christian Science Monitor
WASHINGTON – When President Bush said "good riddance" to Saddam Hussein after the deposed Iraqi dictator's capture, he could have been speaking for Arab leaders and governments.
As many Arab experts note, nobody in the region ever liked the guy.
But at the same time, Arab leaders are responding to the definitive fall of one of the region's longest-lasting leaders in a nuanced manner. And that, experts add, means fallout in the region is likely to unfold slowly - and be carefully camouflaged to obscure any suggestion of being in response to something accomplished by the occupier of an Arab country.
"If leaders from the region have been largely silent on Saddam, it's because they really have no good options in terms of a public position to take," says Mark Palmer, a vice-chairman of Freedom House and a specialist in the mechanics of dictatorships. "If they welcome it, they seem to be encouraging these overthrows. But if they're negative about it, they look like they're siding with [Mr. Hussein]."
The Iraqi despot's qualifications for "most tyrannical" outstrip those of other autocrats in the region. Still, there must have been some musings on the order of "Could that ever be me?" as the video of Hussein's disheveled hair and beard being inspected by an American doctor ran on Arab satellite channels.
"This is a juncture for the leaders in the region," says Musa Shteiwi, director of the Jordan Center for Social Research in Amman. "Those who are falling farther behind in the development process will have to think about the way they are running their societies ." Dr. Shteiwi says pictures of jubilation among many Iraqis will remain with Arab leaders and "will add to other elements that are redefining their relations with their constituencies."
At the same time, Arab leaders have to deal with the humiliation, often keenly felt by their people, of having an Arab leader brought down in so ignobly.
"There is a surreptitious embarrassment that this fellow who was a problem for so many was allowed to be a leader for so long, and that his downfall had to come from the outside," says Clovis Maksoud, a longtime Egyptian diplomat and now Middle East expert at American University in Washington.
For the region's leaders, he adds, "It was a reminder that these days, dealing with the US means being humbled."
For US, force remains a 'last resort'
Yet for Arab regimes that keep a close eye on Washington - virtually all of them - there must also have been some sense of relief in words spoken by Bush. At his press conference last week - in reference to whether North Korean leader Kim Jong Il should take a lesson from Hussein's fall - the president said that military power is his "last choice.... I'm reluctant to use [it]."
That will have been noted particularly in Syria, some experts say, where the regime of Bashar al-Assad was shaken by a "Syria's next" tone that flowered in some segments of the administration after Hussein was run out of Baghdad last spring.
"The case of Bashar is specific to Syria, but it is also typical in that the response is complicated by mixed motivations," says Michael Hudson, director of the Center for Contemporary Arab Studies at Georgetown University in Washington. "He didn't like Saddam. But the Syrians also feel they were double-crossed by the US after the Iraq war."
Syria has been providing Washington with useful intelligence on Al Qaeda, Mr. Hudson says. "They hoped to get off the terrorism list, but instead they find themselves in more trouble with Washington," with the passage of a Syria Accountability Act this fall that requires punishing measures against Damascus.
Regional ripple effects
Saddam's capture is likely to reinforce the priorities and preoccupations that others of Iraq's neighbors were already watching out for, experts say, including:
• Iran, favoring the emergence of a stable and geopolitically nonthreatening Iraq, will continue to maneuver for a friendly - and Shiite-dominant - regime to result from its neighbor's transition. In what was perhaps the quickest response among Iraq's neighbor's, Iran said last week it wants any trial of Hussein to take up Iraq's war crimes. The Iranian government said it wanted an international tribunal to take up "the crimes of the dictator," adding that besides the Iraqi people, others have grievances to take up in an international venue.
• Saudi Arabia is worried that Hussein's capture and trial could further tarnish the image of Iraq's Sunni Muslims - who have ruled the country despite their minority status - and weaken their claims to an important role in the country's future governance. The Saudi regime, which had already responded to Hussein's fall by loosening the tight reins it keeps on the kingdom's Shiites, shudders at the thought of a pro-Iranian Shiite regime next door. But Saudi rulers will have been heartened, experts say, by calls from some US officials and commentators to now draw Iraq's Sunnis away from the chimera of the old regime and into the promise of a new Iraq.
• Hussein's capture by US forces - and any sense in the region that his trial will be orchestrated by the US - will reinforce the reluctance of Iraq's neighbors to deal with the US-appointed Iraqi Governing Council. That reluctance, some experts say, is one more factor prodding the US to speed the transition to full Iraqi sovereignty.
The US wants Iraq's neighbors to facilitate the transition. For example, the US sees reducing Iraq's international debt as crucial to its economic stabilization and growth. This was exemplified last week by special US envoy James Baker's trip to secure commitments from European nations to forgive or restructure Iraqi debts.
But Arab countries hold a much larger slice of the Iraqi debt - about two-thirds of $120 billion - and will be key to making any debt reduction meaningful.
Spread of democracy?
Freedom House's Mr. Palmer says his experience in Eastern Europe tells him that the spread of democracy in the Middle East will accelerate because "the fall of one dictator in a region unavoidably sends ripples through" neighboring countries.
But American University's Mr. Maksoud cautions that a transition benefiting the region could be slowed if democracy and economic reforms are perceived as following American orders.
"Even among pro-American governments the US is seen as having lost the art of persuasion and having replaced that with the power to dictate," he says. "Saddam's demise alerts them to steps they have to take. But they won't admit it," he adds, "especially if looks like its driven from the outside."
.
Sounds like a plan..........
John
Interesting..............
OBTW: You forgot to O/T your post, ...but we'll let it slide this time.
Have a fun week.
John
You know, Gord.........
If you swapped your repetitive insertions of 'mature' for the term 'intelligent' you would be a dead ringer for one of iHub's more infamous toe-tagged former denizens.
Let's see how much lower that share price goes over the next several weeks, and I may snag a few shares for my collection just for the sake of gambling on this potential shell play with you. In the interim, you really ought to scooter out to Spokane and see what's up - it's a premiere form of DD.
John
O/T: You should keep an eye on QBID tomorrow, if the long rumored NTI News comes out it could be a real hottie.
ps: IDNW would be a better bet however: http://www.stockta.com/cgi-bin/analysis.pl?symb=IDNW&num1=39&cobrand=&mode=stock
TOS away, Gord.
When you take what someone says and subsequently present it in a distorted context looking to generate a response that supports your personal ENGY agenda, you are probably going to get called on it. If you don't like having that happen, don't do it.
When are you going to quit shuffling warmed over SEC filings on a corporation that is doing no more than keeping the OTCBB doors open, and go out to Spokane and investigate what's really going on...?!?
You're not going to continue telling everybody what you deduce from rather old public data, when currently available T/A doesn't support your position, ...are you...???
John
You can be as suspicious as you wish. Just don't presume that anyone on iHub has to dance to your discordant tunes, presumptions, obfuscations, or twisted constructs intended to promote innuendo - veiled or otherwise. If you are interested in word games, I'd suggest RB as a much better locale for that kind of stuff. The ture "..Masters.." of that bogus art have long since been sent back to other quarters of the WWW to practice their prevarications.
An electrical contracting firm run by an experienced individual can apply as much of the revenue as that person feels appropriate to improving tool inventory and mateial stocks, upgrading office furnishings and equipment, updating vehicles, adding depth to the company motor pool, providing bonuses to deserving project managers, foremen or journeymen, providing social gatherings for the employees to celebrate ongoing successes, etc.
If I were in Cory Colvin's position, considering how has and is being treated by others, I would purchase gold-plated pencil sharpeners formerly used in Saddam's palaces for the tool crib before I would permit skimmable profit to rise above a minimally acceptable trickle. Now that's just me, but with the previously indicated exposure I've had to the electrical industry it probably wouldn't be a good idea to bet against that possibility.
You can shuffle your after-the-fact SEC filings until you can qualify as an official "..rustler.." for Rush, that data is only what someone's account wants you to see. Or, you can go to Washington state, get to know the territory, visit with all the parties past and present, and find out what's really going on. Life is all about choices.
John
General Information:
When this board was created back on 03/04/02, ENGY was actively engaged in building, testing, and improving an SBR anaerobic digester system in Tillamook, WA. Additionally, Mike Funk was a principle of the company and actively traveling to build synergies that would hopefully lead to expansion. Mr. Funk was also personally providing development funding that he shut off at the worse possible time, just as the latest improvement modifications to the SBR digesters at Tillamook were in the "..start-up.." phase.
Unfortunately, the USDA/NRCS support funding to help dairy and CAFO farmers purchase AD's for their manure management needs has never materialized. Subsequently, many state DNR or environmental protection agencies (..by any other names..) have not enforced some existing regulations - unless a situation was absolutely critical. This is primarily due to the financial burdens already imposed on cash-strapped farmers.
It is my understanding and judgment that little progress will be made in farm-based AD's until the USDA/NRCS EQIP portion of the current farm bill is finally funded. And then, there is still a problems with local politics. EQIP funding of manure management systems for CAFO's will have to compete with other "..bike path.." and "..babbling brook.." improvement issues deemed more important by local non-technical residents on the committees. If the CAFO farmer involved is not in the "..in crowd.." in his baileywick, receiving the EQIP funding may be highly unlikely - hence marketing AD's to those potential clients becomes very unattractive. Ergo: the small to moderately large CAFO famer market for SBR-type digesters is currently dead.
Apparently due to questionable stock distributions prior to the involvement of Tom Bowers, and the subsequent leaving or dismissal of previous principles, other major investors and/or investment bankers appear to be unwilling to fund completion of the Tillamook SBR AD, or to fund the repair of the company.
This situation has resulted, to the best of my understanding, in the non-payment of various equipment suppliers, consultants, officers, and employees - resulting in pending lawsuits or wage-hour claims currently filed or to-be-filed; published or not.
As one of these consultants appears to be the patent holder of the AADS process, retention of ENGY's license to construct AADS digesters may be a real problem. Without that license, ENGY is now dead in the water. IMHO. The only market for these high-perfomance and high first-cost digesters is with large meat packing and other major industrial process customers having digestable waste streams.
Colvico, an independent and successful arm of ENGY, is the only functioning entity involved. Cory Colvin seems very unlikely to allow any but the most meager of funds to move from Colvico to ENGY, just to keep ENGY alive as an entity.
An issue has been raised that my perspective on this company has changed from a possible BUY when they were making progress, to a HOLD at best if investors are still in. "...No kidding..."!!! "..WAIT AND SEE.." would be a good plan for the uninvolved at this juncture, IMHO.
If I were going to buy a Ferrari that was in good condition, it could be considered a good plan and/or investment today. If the dealer's kid subsequently took the car out on a date and "..wrecked it..", it's unlikely that my interest in buying that car would continue. Things change and 'stuff' happens; which is why one should never become emotionally involved in - or irratioanally attached to - mini-Microcap stocks.
Please DYODD x2 with ENGY. The original technology package was great, but the execution of it is now unlikley.
**************************
Recent Poster Update:
As per ENGY's most recent 10QSB for the 1/4 ending September 30, 2003: "Due to a lack of funds available from continuing operations in ENGY, the development of the bio-waste business has been suspended, until the cash required to operate this segment of the Company is available."
AND
"If the Company does not obtain additional financing, it would be unable to continue its development and marketing of the bio-waste sector."
The revenues for the company are primarily from Colvico Inc, a wholly owned subsiduary.
The most recent 10QSB for the quarter ending Sept. 30, 2003 can be viewed here: http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001052918%2D03%2D000295%2Etxt&FilePath....
Or for a snapshot of the financials one can look here: http://finance.yahoo.com/q/is?s=engy.ob
If you want your posts to remain don't be using intentionally insulting terms that you can't substantiate.
When ENGY started out they had good technology package and a good idea in hand. This discussion board was started when the price was around $0.02 and it rose as high as $0.06 while they were ligitimately pursuing their published business plan.
When the US Government failed to fund the 2003 Farm Bill, the company (..Funk & Loven..) went nuts with stock jiggling and failed to add needed capital instead of adjusting to new circumstances and approaching large agribusiness and industrial customers who could afford their systems without government grants. Tom Bowers attempted to turn this company around in that manner, but all the former get-rich-quick's hid their money and let the company founder.
Apparently the plan was to buy back the leftovers for pennies on the dollar, assuming that Colvin let it go bankrupt. Where they really screwed up was assuming that the license to use the AADS technology would still be available after they failed to perform on advancing the cause or generating/paying the royalties.
Now ENGY has nothing other than through its electrical contracting subdivision, and that subdivision doesn't want to be part of the previous whole.
Here's the current T/A...:
Overall - Short - Intermediate - Long
Neutral - Bearish - Neutral - Neutral
http://www.stockta.com/cgi-bin/analysis.pl?symb=ENGY&num1=39&cobrand=&mode=stock
IMHO absolutely nothing of practical value is going to happen with ENGY unless the silent partners/major investors shuffling around in the background ante up in excess of One Million dollars to put the show back on the road. Likelihood: nil to none. Immediately upon adding that capital, 1/2 of it will immediately need to be applied to past due materials accounts, consultant fees in arrears, past due executive salaries, employee salaries that were undelivered, the cost to complete the purchase of and overhaul the engine-generator at Tillamook that Mike Funk ran out of warranty, the cost to complete and start-up the Tillamook unit, etc. Either all that is done, or law suits and mechanic's liens will shut them down they day they take a step forward.
Unlike yourself, or the nattering nerf-weebles on RaginBull, the "..Powers-At-Be.." at ENGY know this, which is why they are sitting on their hands - and Cory Colvin is operating as if they don't exists ince they don't know a kilowatt from a cow's arse.
ENGY is basically dead in the water (..as other than an electrical contractor..), and any changes in the price are the direct result of stockholder share shuffling or MFMMM fidding, IMHO.
<bFor anyone wanting a reliable alternative source for T/A analysis on this stock, please seek out 'omnitrader' or some of the other guru's on iHub and them nicely to run the number for you.
John