Actually, just ask an M. Friedman economist. But nice try...

MisterEC

I was making a joke to the level of the most rediculous I could make it. We are on the same page.

Naw...just the democrats forcing the European and Asian banks to make giant loans to poor people. Just like the $700 billion to cover giant loans to poor people in the US. Will we ever learn...

reprint on LIBOR experience

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32596878

Under the radar implications of LIBOR jump.

I'm not hearing much yet about the companies whos day to day workings are tied to and fluxuate under the direct umbrella of LIBOR.

I have personal experience as CEO of a group of closely held compainies. We had $50 millions to $100+ millions in revenues and +/- $75 millions in direct LIBOR based loans eminating from a northern European bank. This hands on gives me some insight in the LIBOR links. We were operating under several stand alone loan packages and with several tranches within those loans. The long term loans were in US$ and priced at LIBOR plus ~ 2 1/4%. These reset quarterly.

Here's the kicker: We had US$6 Million to US$10 Million in working capital...usually near fully drawn. All priced at LIBOR plus margin range ~+/- 2 3/8. The current LIBOR huge increases is tantamount to the Mortgage ARM resets in it's instant and huge jump in unavoidable costs to business. Businesses already have this money and now will be required to pay what is looking like a 200% - 300% increase in interest costs for money already drawn. Way outside any reasonable budgeted costs.

So 2 things...1. Clearly, based on LIBOR, banks just don't want to loan MORE money. and 2. They already have lots of accounts with money already drawn with adjustable interest exposure. There is the potential that whoever is in this circumstance will get seriously wacked by interest costs to a point that could begin to tip over (ala real estate collapse) non banking firms highly leveraged or living on the margin.

Just something to pay attention to in the fine print details going forward if LIBOR remains anywhere near these levels.

reprint on LIBOR experience

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32596878

Under the radar implications of LIBOR jump.

I'm not hearing much yet about the companies whos day to day workings are tied to and fluxuate under the direct umbrella of LIBOR.

I have personal experience as CEO of a group of closely held compainies. We had $50 millions to $100+ millions in revenues and +/- $75 millions in direct LIBOR based loans eminating from a northern European bank. This hands on gives me some insight in the LIBOR links. We were operating under several stand alone loan packages and with several tranches within those loans. The long term loans were in US$ and priced at LIBOR plus ~ 2 1/4%. These reset quarterly.

Here's the kicker: We had US$6 Million to US$10 Million in working capital...usually near fully drawn. All priced at LIBOR plus margin range ~+/- 2 3/8. The current LIBOR huge increases is tantamount to the Mortgage ARM resets in it's instant and huge jump in unavoidable costs to business. Businesses already have this money and now will be required to pay what is looking like a 200% - 300% increase in interest costs for money already drawn. Way outside any reasonable budgeted costs.

So 2 things...1. Clearly, based on LIBOR, banks just don't want to loan MORE money. and 2. They already have lots of accounts with money already drawn with adjustable interest exposure. There is the potential that whoever is in this circumstance will get seriously wacked by interest costs to a point that could begin to tip over (ala real estate collapse) non banking firms highly leveraged or living on the margin.

Just something to pay attention to in the fine print details going forward if LIBOR remains anywhere near these levels.

Under the radar implications of LIBOR jump.

I'm not hearing much yet about the companies whos day to day workings are tied to and fluxuate under the direct umbrella of LIBOR.

I have personal experience as CEO of a group of closely held compainies. We had $50 millions to $100+ millions in revenues and +/- $75 millions in direct LIBOR based loans eminating from a northern European bank. This hands on gives me some insight in the LIBOR links. We were operating under several stand alone loan packages and with several tranches within those loans. The long term loans were in US$ and priced at LIBOR plus ~ 2 1/4%. These reset quarterly.

Here's the kicker: We had US$6 Million to US$10 Million in working capital...usually near fully drawn. All priced at LIBOR plus margin range ~+/- 2 3/8. The current LIBOR huge increases is tantamount to the Mortgage ARM resets in it's instant and huge jump in unavoidable costs to business. Businesses already have this money and now will be required to pay what is looking like a 200% - 300% increase in interest costs for money already drawn. Way outside any reasonable budgeted costs.

So 2 things...1. Clearly, based on LIBOR, banks just don't want to loan MORE money. and 2. They already have lots of accounts with money already drawn with adjustable interest exposure. There is the potential that whoever is in this circumstance will get seriously wacked by interest costs to a point that could begin to tip over (ala real estate collapse) non banking firms highly leveraged or living on the margin.

Just something to pay attention to in the fine print details going forward if LIBOR remains anywhere near these levels.

actually chunks:

14:08:22 - 30mm
2mm
5mm
4mm
9mm
9mm
1mm

14:08:26 - 30mm
9mm
9mm
9mm
3mm

unfortunately just a phart in a whirlwind...but makes good theater

Who is this guy...from the 9/26 8K


Mod Hospitality, Inc.



By: /s/ Frederic Richardson
Name: Frederic Richardson
Title: President

From another thread...

Edited for spelling/clarity

Posted by: Ayock Date: Tuesday, September 23, 2008 1:36:09 AM
In reply to: --------- who wrote msg# 35545 Post # of 35589

Privatize the profits and socialize the debt..nice work if you can get it. Then double dip when the distressed properties "distribution team" turns out to be the same guys who realized those privatized profits...

If I was a conspiracy freak (which I am not but probably should be...), I'd say I smelled a rat.

Read: "The Shock Doctrine, The Rise of Disaster Capitalism" by Naomi Klein. Great piece on the Milton Friedman Univ. of Chicago school of economic models of total privatization and the abilities to use social/political shock events to ram down on the populous otherwise totally unacceptable political/economic agendas. Agendas that have sat in someone's desk drawer waiting for the next unfathomable crisis in order to implement...think big fans like Pinochet - Chile, Paz - Bolivia, Suharto - Indonesia, maybe some others who have used the smokescreen of catastrophe to behave badly but can't think of who off the top of my head.


"When all you have is a hammer, the whole world looks like a nail..."

Paying for fuel in the tank is a common practice in the ship business. I have bought and sold commercial vessels to 300' Often having to pay near 6 figures for fuel in the tank. Real money.

Privatize the profits and socialize the debt..nice work if you can get it. Then double dip when the distressed properties "distribution team" turns out to be the same guys who realized those privatized profits...

If I was a conspiracy freak, I'd say I smelled a rat.

Read: "Shock Doctrine, the rise of disaster capitalism" by Naomi Kline. Great piece on the Milton Friedman Univ. of Chicago school of economic models of total privatization and the abilities to use social/political shock events to ram down on the populous otherwise totally unacceptable political/economic agendas. Agendas that have sat in someone's desk drawer waiting for the next unfathomable crisis in order to implement...think big fans like Pinochet - Chile, Paz - Bolivia, Suharto - Indonesia, maybe some others who have used the smokescreen of catastrophy to behave badly but can't think of who off the top of my head.

reread my post...w/ameritrade

filling buys @ 0.00009

test buy results & filled almost instantly:

"For your order to buy 910000 shares of CBAY at 0.0001 limit, good for today:

You bought 910000 shares of CBAY at $0.00009 on 09/10/2008."

Nice OBV...worth a watch

(no position)




"When all you have is a hammer, the whole world looks like a nail..."

I'm watching for info on CBAY distribution as part of the warehouse and distribution contract with BNPD.

I don't have any "inside" info, just connecting some dots...

This Bionic Tonic connection is interesting:

CBAY and BNPD share the same IR agent...

From CBAY:" The company has
retained the services of Dale Baeten at Investing In Stock Market, Inc., as the
company IR contact."

From BNPD Ihub ibox:
Bionic Products Inc. (OTC: BNPD)
Dale Baeten, Investor Relations
920-418-0153



Bionic Products, Inc. Shareholder Update

LAS VEGAS, NV -- (Marketwire) -- 08/22/08 -- Bionic Products, Inc. (PINKSHEETS: BNPD) ramps up for major worldwide distribution of LadyPink(TM) and Bionic-Tonic(TM). Bionic Products, Inc. to be featured on Network broadcast to 91 million worldwide viewers.

Bionic Products, Inc. announced today that the Company has began worldwide distribution of its flagship products' Bionic-Tonic(TM) and LadyPink(TM) Energy Drinks.

Distribution channels are quickly opening throughout North America and the global arena. Distribution channels are diverse, ranging from Retail outlets to some of the hottest nightclubs in Las Vegas.

According to the Senior Vice President and Director of Bionic Products, "Response to our worldwide promotion has been overwhelming and we expect to see positive results in cash flow and earnings in the near term as we expand both supply and distribution channels in quick order. I also look forward to announcing our official PRODUCT LAUNCH on a Worldwide Television Program that receives an estimated 91 million viewers to be announced at a later date. The name of the program is to be announced one day prior to airing to make sure Bionic Products as well as our Network Broadcaster are not overwhelmed with calls and inquiries."

Bionic Products Inc. also would like to draw attention to its newly launched website http://Bionicproducts.us. Bionic Products Inc. recently received notice of interest through its website from our brave men and women of the US Armed forces and has already begun shipping free samples to help them maintain focus in Afghanistan.

About Bionic Products, Inc.

Bionic-Tonic(TM) and LadyPink(TM) are refreshing energy drinks that provide an increase in energy without the calories and sugar. Our products contain the finest ingredients available to assist metabolic levels and burn calories. The power and energy drink along with shot-size boosters business is one of the fastest growing sectors in the entire beverage industry. Bionic Products, Inc. is a Nevada Corporation formed for the purpose of discovering, developing and marketing breakthrough energy drinks and bottled water that will enhance the health and wellness of consumers.

The company's common stock is traded on the OTC under the symbol: BNPD. For more information or a copy of Bionic's research report, please visit www.bionicproducts.us. Or www.ladypinkdrink.com

Forward-Looking Statements

This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.


Contact:

Bionic Products, Inc.

702-966-0239

Or www.midweststockconsultingllc.com

www.Stockdealings.com/


All this info may be only worth what you've paid for it...

A

Storage and Distribution

Cal-Bay International Secures Storage & Distribution Contract For Bionic Products Natural Energy Drinks
Date : 08/27/2008 @ 1:44PM
Source : Business Wire
Stock : Cal-Bay International, Inc. (BNPD)
Quote : 0.0004 0.0 (0.00%) @ 9:30AM


Cal-Bay International Secures Storage & Distribution Contract For Bionic Products Natural Energy Drinks




Cal-Bay International, Inc. (OTC: CBAY) today announced the company management has secured a two-year storage and distribution contract for Bionic Products all-natural energy drinks. (Bionic Products is a publicly traded company (OTC: BNPD)) Melinda Rice, Acting President for CBI stated: “We have today signed two year storage and distribution contract for Las Vegas based Bionic Products all Natural Energy Drinks. Cal-Bay has secured a 12,000 square foot warehouse facility in N. Las Vegas under a lease to purchase agreement. This impressive facility is less than 2 years old and has multiple loading docks in a premium N. Las Vegas commercial business park. This contract will ensure revenues from day one for Cal-Bay.” Bionic Products confirmed the first 20 Pallet shipment is scheduled to arrive in Las Vegas on Friday August 29th.

About Bionic Products, Inc. (OTC: BNPD) Bionic-Tonic and Lady Pink are refreshing energy drinks providing an increase in energy without the calories and sugar. Our products contain the finest ingredients available to assist metabolic levels and burn calories. The power and energy drink business along with shot size boosters is one of the fastest growing sectors in the entire beverage industry. Bionic Products, Inc. is a Nevada Corporation formed for the purpose of discovering, developing and marketing breakthrough energy drinks and bottled water that will enhance the health and wellness of consumers. Bionic Tonic & Lady Pink Energy Drinks are scheduled for launch in September with a 5000 strong National Network Marketing Group and the products are currently available directly from the company. For more information or a copy of Bionic's research report, please visit www.bionicproducts.us.

FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements.



<< Back



Cal-Bay International, Inc. Historical Chart Cal-Bay International, Inc. Intraday Chart
Period
1 month 2 months 3 months 6 months 1 year 2 years 3 years 5 years
Line Line (Square) Candlesticks Bars

warehouse activity and drink pics





from the BNPD board:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31892469






"When all you have is a hammer, the whole world looks like a nail..."

EBOF charts









"When all you have is a hammer, the whole world looks like a nail..."

Sept. 22 '08 and EBOF

EBOF will get some national buzz off this coast to coast on one tank of biofuel attempt. Worth a watch.

http://www.willierun.com/theRun.html

...Secures Storage & Distribution Contract For Bionic
Products Natural Energy Drinks

trucks?

Who needs soap operas when you have this saga on a watch list.

Was seeing the last few days of chart activity and thinking there was a decline in the level of distribution. But, today's activity makes it look like the big seller is still at work.

Just needs a little more juice to break and hold above the 10dma. macd is just barely peeking above the -0- line so trend is still just a baby.

pink delayed L2 free sites? Anyone.

Nice chart developing

Tony F M. Can you put up the EBOF chart

looks like a bottom is in and a turn is in progress

TIA

A

Sun Cal Energy Announces Commencement of Commercial Gas Sales

From Its Sibley 84 #1 Well in the West Gomez FieldLast update: 8/20/2008 9:00:08 AMSAN FRANCISCO, Aug 20, 2008 (BUSINESS WIRE) -- Sun Cal Energy Inc. (SCEY), an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River Basin of Wyoming, is pleased to announce that the first of several wells to be drilled in the multi-pay prospect in the West Gomez Field, the Sibley 84 #1 well, has reached its target depth, and has been placed into commercial production. On August 16, gas initially flowed from the well at a rate of 2.7 million cubic feet of gas per day. The on-site engineers subsequently increased the choke to 16/64" from 12/64" resulting in a flow rate of 4 million cubic feet of gas per day. The well was then shut-in to install a separator to facilitate the handling of any fluids that may be produced with the gas. Final shut-in pressures were 4,400 psig and 760 psig on the casing and tubing-head respectively. Continuing on this success, the operator is expected to begin drilling operations shortly on a second well located on the same block, the Sibley 84 #2 well, as it was staked last week following the completion of all road and lease construction work. As stated by George Drazenovic, CFO of Sun Cal Energy Inc.: "We are excited that the Sibley 84 #1 well has been completed and brought into production. This is yet another significant milestone for our company and shareholders as we continue to build cash flow and realize the potential of our oil and gas assets. We look forward to even greater successes, particularly on our high impact assets in California and Wyoming." Having produced in excess of 5 TCF of natural gas, the West Gomez Field is one of the most prolific gas plays in the United States. The prospect, "83 84", consists of two re-entry wells, the Gulf-Baker 83 #1 (originally owned by Gulf and operated by Getty Oil Co.) and the Sibley 84 #1, as well as a new well, the Sibley 84 #2, on a 1280 acre lease in Pecos County, Texas. Based on published production data and geological and engineering calculations, recoverable reserves are estimated to be more than 27 billion cubic feet of gas and 50,000 barrels of oil. Sun Cal's interest will be 2% while any cost over-runs will be assumed by the operator. The 83 84 Project is adjacent to proven production properties operated by the world's leading oil and gas producers including Exxon Mobil Corp., Conoco Phillips Co., Chevron USA Inc., Hunt Oil Co., Chesapeake Operating Inc., Cimarex Energy Co. and Texaco Inc. Supported by a data review of the Composite Borehole Compensated Sonic Log from Schlumberger, Gamma Ray & Sidewall Neutron Porosity Logs, drilling and completion reports, and the production history in the area overall, the 83 84 Project could produce upwards of 6,500 MCFGPD and 80 BOPD. Further Information Shareholders and prospective investors are encouraged to visit Sun Cal Energy's website: and download Sun Cal Energy's Investor Summary. Please feel free to call investor relations toll-free at 1-800-798-8334 to receive a full corporate investor's package. About Sun Cal Energy Inc. Sun Cal Energy Inc. is a publicly traded independent oil and gas exploration company with headquarters in Calgary, Alberta, and an operational office in San Francisco, California. Sun Cal Energy aims to secure and develop a portfolio of oil and gas properties throughout America. The company is strategically placed in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana, and the Green River Basin of Wyoming. Sun Cal Energy Inc. trades under the ticker symbol: SCEY - "Sun Cal Energy Inc. - Providing Energy Solutions to America." On behalf of the Board Lewis Dillman, President and CEO Forward-Looking Statements Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas resources, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission. Cautionary Note to U.S. Investors The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this news release, such as "prospective resources", "stock tank oil initially in place", "STOIIP", "likely recovery factors", "recovery factor" "prospective reserves", "prospective resource", "risk", "likely reservoir", "recoverable oil", "possible resource", "potential reserve" and "recoverable reserve potential that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure in our annual report on Form 10-KSB and quarterly reports on Form 10-QSB available from us or the SEC." This release contains information about adjacent properties on which we have no right to explore. We advise U.S. investors that the United States Securities and Exchange Commission's oil and gas guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that oil and gas deposits on adjacent properties are not indicative of oil and gas deposits on our properties. SOURCE: Sun Cal Energy Inc.
Sun Cal Energy Inc.Lewis Dillman, CEO, 1-800-798-8334Investor Relationsir@suncaloil.comCopyright Business Wire 2008 Copyright © 2008 MarketWatch, Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.

News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wi

Form 4 Sept. 6,'07 dates

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5440911

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response... 0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940




1. Name and Address of Reporting Person *

CAL-BAY INTERNATIONAL INC 2. Issuer Name and Ticker or Trading Symbol

CAL-BAY INTERNATIONAL INC [ CBAY ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director __ X __ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)

PO BOX 502548 3. Date of Earliest Transaction (MM/DD/YYYY)9/6/2007
(Street)

SAN DIEGO, CA 92150-2458
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Cal-Bay International, INC. - Common Stock 9/24/2007 9/24/2007 P 700000000 A $0.0003 1900000000 D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CAL-BAY INTERNATIONAL INC
PO BOX 502548
SAN DIEGO, CA 92150-2458 X X President & CEO


Signatures

SYED HASAN RIZVI 9/24/2007
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Watch the Bio-Willie History Channel video below...

To the woodshed...

anyone out there know how much more the big seller has to dump?

Tony_f_M can you throw up the EBOF chart...thx

EBOF 8K & news out

http://ih.advfn.com/p.php?pid=nmona&cb=1216148357&article=27339468&symbol=NB%5EEBOF

Earth Biofuels Restructures Debt on Biodiesel Facility

DALLAS, Jul 15, 2008 (BUSINESS WIRE) -- Earth Biofuels, Inc. (OTCBB: EBOF) today announced a restructuring of certain promissory notes which has resulted in the reduction of $4,000,000 of senior secured debt on its biodiesel production facility located in Durant, Oklahoma. This reduction is part of the Company's plan to produce biodiesel at the facility using yellow grease and animal fats feedstocks.
Through the execution of an Amended and Restated Credit Agreement, Guarantee and Collateral Agreement with Fourth Third, LLC as part of the Company's liquefied natural gas ("LNG") spin-off transaction announced last week, an existing $9,000,000 Promissory Note with Fourth Third was replaced by a new $5,000,000 Promissory Note with Fourth Third. The new $5,000,000 Promissory Note is secured by Earth Biofuels' biodiesel production facility in Durant, Oklahoma. The $4,000,000 debt reduction was converted to the $34 million Promissory Note held by Fourth Third from PNG Ventures, Inc., which is secured by PNG Ventures' LNG processing facility in Topock, Arizona.

Earth Biofuels is actively pursuing an engineering upgrade to its Durant biodiesel facility to allow for the pre-treatment of high free fatty acid ("FFA") feedstock oils and to increase its production capacity to 20 million gallons per year.

Earth Biofuels, Inc. endeavors to produce and distribute biodiesel fuel and cellulosic ethanol through wholesale and retail outlets. The biodiesel fuel is sold under Willie Nelson's brand name, "BioWillie(R)." The Company's Web site is www.earthbiofuels.com.

Forward-Looking Statements Disclosure

This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.

SOURCE: Earth Biofuels, Inc.




CONTACT: Earth Biofuels, Inc.
Shawne Horn, 866-765-4940
investors@earthbiofuels.net

Copyright Business Wire 2008

stalled at 10dma

EBOF...wide B/A spread, be careful.

EBOF +33% on 2 mill vol.

EBOF near a tradeable bottom?

EBOF the more I look at this the better it looks for an accumulation:

PNG Ventures Acquires LNG Business in Exchange for Stock
1:42p ET July 8, 2008 (Business Wire)
PNG Ventures, Inc. (OTCBB: PNGX) today announced the closing of a share exchange with Earth Biofuels, Inc. (OTCBB: EBOF) whereby PNG Ventures has acquired Earth Biofuels' liquefied natural gas ("LNG") subsidiary, Applied LNG Technologies USA, LLC ("ALT") and its related entities in exchange for the transfer to Earth Biofuels of a majority ownership of PNG Ventures.

ALT's LNG business includes its vehicle-grade LNG production facility located just across the California border in Topock, AZ. The Topock facility is the largest vehicle-grade LNG production facility in the western United States. Also included are the LNG supply contracts with numerous commercial and municipal fleets along the California coast from Oakland to San Diego. These fleets' use of LNG as a transportation fuel for their converted vehicles provides lower fuel costs and compliance with the strictest state clean air initiatives in the nation.

"PNG Ventures will continue to operate the LNG business under the name, 'Applied LNG Technologies,' or 'ALT,'" stated the Company's interim CEO, Kevin Markey. "ALT will continue to provide reliable product delivery to its current customers. We are aggressively pursuing the growth of ALT through production expansion and new agreements with new domestic and international customers."

Over the past 10 years, use of LNG as a fuel for large municipal truck and commercial fleet vehicles has gained popularity in certain transportation markets due to its substantial price advantages over petroleum diesel fuel. The price advantages are primarily due to the cost of natural gas compared to oil and the various state and federal tax incentive programs that encourage the use of LNG. Fleet operations that utilize a common refueling station make the most sense for LNG use by a fleet operator.

Another advantage of LNG as a transportation fuel is the significant reduction of emissions of greenhouse gases and particulate matter compared to petroleum diesel use. Internal combustion engines that run on LNG emit 20% less greenhouse gases, 50% less nitrogen oxide (NOx), and over 70% less particulate matter than equivalent engines running on petroleum diesel. In September of 2006, the California ports of Long Beach and Los Angeles adopted the San Pedro Clean Air Action Plan, a sweeping plan aimed at significantly reducing the health risks posed by air pollution from port-related ships, trains, trucks, terminal equipment and harbor craft. The Clean Air Action Plan accelerates the efforts of a California Air Resources Board pollution reduction plan by requiring faster replacement of existing cargo-handling equipment with new equipment that will meet the toughest U.S. Environmental Protection Agency emissions standards. The use of LNG is a logical and economical solution for fleet operators to comply with this plan.

PNG Ventures, Inc. produces liquefied natural gas ("LNG") from its production facility in Topock, AZ and distributes its product to municipal and commercial transportation markets in the western United States. The Company's new web site is currently under construction. ALT's website is www.altlngusa.com. PNG Ventures currently has 11,398,309 common shares issued and outstanding, no preferred shares or warrants issued and outstanding.

Forward-Looking Statements Disclosure

This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.

SOURCE: PNG Ventures, Inc.

PNG Ventures, Inc. Kevin Markey, 214-634-6246 Interim CEO

NCEY here's why its getting wacked (no position):


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http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ncey
click on "Filings"



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 7, 2008

New Century Energy Corp.
(Exact name of Registrant as specified in its charter)


Colorado 1311 93-1192725
(State or other jurisdiction
of incorporation) (Commission
File Number) (IRS Employer
Identification Number)



5851 San Felipe, Suite 775
Houston, Texas 77057
(Address of principal executive offices)

Registrant’s telephone number, including area code: (713) 266-4344

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))












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Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.



On June 30, 2008, certain obligations of New Century Energy Corp. (the “Company,” “we,” and “us”) owed to Laurus Master Fund, Ltd. and its assigns and agents (“Laurus”), including a Secured Convertible Term Note entered into on June 30, 2005, in the original principal amount of $15,000,000, which had an outstanding balance (not including any accrued and unpaid interest) of approximately $12,000,000 as of March 31, 2008 (as amended and restated from time to time, the “Convertible Note”) and a Secured Term Note entered into on September 19, 2005, in the original principal amount of $9,500,000, which had a balance of approximately $6,351,391 as of March 31, 2008 (as amended and restated from time to time, the “Term Note”) became due. The Company failed to repay the outstanding amounts of the Convertible Note and the Term Note (the “Notes”) on June 30, 2008.


Pursuant to the terms of the Notes, the Company had three (3) days to cure any default in repayment of the Notes, which cure period expired July 3, 2008, and which Notes remain unpaid as of the date of this filing. As such, the Company is currently in default of the Notes, which default may trigger an event of default and default payments equal to an additional 30% of any amounts due (the “Default Payments”) under the other outstanding promissory notes, warrants, options and other related agreements which the Company has previously entered into with Laurus and parties affiliated with Laurus (the “Laurus Agreements”).


Payment Default Notice and Short -Term Forbearance Agreement


On or around July 7, 2008, Laurus communicated notice of the Company’s event of default under the Notes, alleged event of default under the other Laurus Agreements, and the fact that the Laurus Agreements began to accrue interest at the default rate (as provided in each Laurus Agreement) beginning on July 3, 2008, to the Company.


Laurus also agreed to forbear from exercising its rights and remedies (other than the implementation of the increased rates of interest and the requirement that the Company pay Default Payments) under the Laurus Agreements until 5:00 PM (New York time) on July 18, 2008 (the “Forbearance Period”), or such later time as Laurus may agree in its sole discretion. Laurus did not agree to forbear from administering the credit facility and/or from collecting, receiving and/or applying proceeds from the Company’s accounts receivable to the amounts owed to Laurus. The notice also stated that in the event the Company is able to repay the amounts owing to Laurus and under the Laurus Agreements prior to the end of the Forbearance Period, Laurus would waive any default interest and the requirement that the Company pay the Default Payments. The above terms are not binding on Laurus in the event that an event of default has occurred under the notice, including if an event of default other than those described above have occurred under any Laurus Agreement, if any representation made by the Company under any Laurus Agreement was false in any material respect when made, the Company’s failure to comply with any covenant in any Laurus Agreement, and/or if any person or entity other than Laurus exercises any rights to remedies against any of our assets or properties.


The Company is actively seeking alternative financing and is currently in ongoing discussions with Laurus regarding the entry into a separate forbearance agreement (the “Forbearance Agreement”) pursuant to which the Company plans to seek to stay Laurus’ enforcement of the defaults and provide the Company sufficient additional time (approximately sixty (60) additional days from the end of the Forbearance Period) to either (a) refinance amounts due to Laurus; or (b) restructure its currently outstanding liabilities with Laurus through the entry into new notes with Laurus. The Company is also in discussions with various third parties regarding alternative financing for the Company.


The Company can provide no assurances that it will have sufficient funds to repay the amounts due under the Laurus Agreements, following the Forbearance Period or during the term of any Forbearance Agreement, assuming one is entered into; and/or that the Company will be able to obtain any additional third party financing to repay its current obligations owed to Laurus and its affiliated parties. In the event the Company is unable to stay the payment of the Laurus debt beyond the Forbearance Period and/or obtain alternative financing, the Company could be forced to abandon its current business activities, sell or transfer a substantial portion of its assets to Laurus, Laurus could take control of substantially all of the Company’s assets and/or the Company could be forced to declare bankruptcy.







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SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



NEW CENTURY ENERGY CORP.
Date: July 8, 2008 By: /s/ Edward DeStefano
Edward DeStefano
Chief Executive Officer














"When all you have is a hammer, the whole world looks like a nail..."

S&P turn on fibs math...

My fibs math suggest that 5 fib waves down from 5/19/08 1440.24 is complete and the S&P is on it's way upward for a correction of that whole move.

This jell with anyone else's math? These numbers are actuals with the projected fib turns in brackets:

W1 5/19/8
1440.24
1373.72
actual distance travelled

W2 5/27
1373.07
1406.32 - actual (1398/1414 fib range .382/.618)

W3 5/29
1406.32
1304.42 - actual (fibs - 1.618*W1 = 1298.76)

W4 6/24
1304.42
1335.63 - actual (fibs - .382 = 1343 )

W5 6/25/8
1335.63
1260.68 - today 7/1/8 (fibs - W5 = W1 1269.11)

correction of whole move of
1440.24 @ 5/27/08 down to
1260.68 @ 7/1/08

suggests turns to watch:
.236 = 1303.06
.382 = 1329.27
.618 = 1371.64

break .786 at 1401.81 to suggest new bull impulse.

All just for fun and imho...probably worth what you're paying for it...

PSPN spread $0.25 x $3.49 $3.50 last...

post split crazy