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Absurd they averaged 383,333 class b shares a month to pay 5 employees in 2009 .....thats 3.8 million regular shares a month just to pay 5 employees - $798,000 dollars a month ! Just in shares !
So this year 4 months in there would be 15.2 million shares added to YOUR pot ! Refusing to drink the koolaid ...we should be asking for these guys heads on a stick ..are you kidding me ?
"As an investor, I really don't care how much Parsons and Parrish take out of the pot, as long as we are taken care of also. I hope the first quarter will set us on the path to prosperity and an ever increasing PPS."
I have to strongly disagree quite simply the score for 2009 is
Investors "-" $8,047,871
"5" Employees "+" 11,476,321
To the others seriously its not whining its fact.....are you guys kidding me - who thinks this is o.k. ?
And dont forget those past 2009 numbers were with a tax credit push - which we dont have now so I am sure sales arent booming. W O W ..once I had time to really sit down tonight and crunch the numbers this is in the crapper for sure IMO ...just look at those compensation figures - that kind of says it all in a nutshell.
I have totally done an about face ....Only in America ...lose $8,047,871 in a year BUT pay 5 employees $ 11,476,321 in compensation based on todays dismal .21 close and tank your stock price leaving us all - 30%.
Parrish, Parsons how do you sleep at night, Karma buddies Karma thats all I have to say ....I hope you do get busted - as others said in the past this is now a diluted p.o.s. like most pinks and you guys are laughing at us all the way to Parrishs bank. The pair of you should step down immediately and be ashamed ...american greed at its best - you are whats wrong with American business today - shell games and b.s. and tweaking facts and numbers the working stiff paying for it all in the end ...
THE COMPANY LOST 8 MILLION DOLLARS BUT 5 EMPLOYEES GOT 11,476,321 !!!
Compensation JUST TO EMPLOYEES
$ 370,000 Parrish compensation that is public knowledge
$ 396,321 Parsons compensation that is public knowledge
$ 1,050,000 straight stock
$ 9,660,000 class B's converted * 10
_____________
11,476,321 in employee compensation and stock
FACTS TO BACK IT UP from the fins ...
Parrish : $370,000 Payments made to Delta Energy Resources under this arrangement for the year ended 2009 totaled $370,000, of which $100,000 is reflected in the accrued compensation liability at December 31, 2009.
Parsons : $396,321 Additionally, the Company pays Mr. Parsons individually for management services rendered. Expenses for the management services of Mr. Parsons for 2009 totaled $396,321, of which $100,000 is reflected in the accrued compensation liability at December 31, 2009.
5,000,000 shares valued at $250,000 were issued to employees for services rendered in 2009 (TODAYS VALUE 5000000*.21 = 1,050,000)
4,600,000 Preferred B Shares valued at $2,720,000 were issued to employees for services received in 2009; "TIMES 10" = 46 million shares (TODAYS VALUE 46000000*.21 = 9,660,000)
"net loss for 2009 was $8,047,871."
And lets not forget 2 customers are apparently 91% of the companies sales....I guess all those negotiations , power plant test burns here and there , d.o.d. talks, cemex talks and the like havent really paid off yet if 91% of our rev came from 2 contracts ala wiregrass and old castle.
"During 2009, 100% of the Company’s recorded sales were derived from transactions involving sales to customers, primarily in the paving industry... Revenues generated from two customers accounted for 91% of total revenues for the year ended December 31, 2009."
Im with you cheap ...the cage didnt rattle much today ....volume didnt show people bailing in droves so that probably means something....first quarter results will be my trigger as well .....I still dont like the double and triple dipping among officers though......
Salary
Equity
Commissioned sales
Have to disagree Nath they are in the pot ...whether they can be converted / exercised next week or in 3 months they are part of OUR pot which I wasnt aware of - were you ? (Not attacking you in any way )
"During 2009, the Company issued 7,900,000 Preferred B Shares, each share of which at the option of the holder thereof, is convertible into ten (10) shares of the Company’s common stock. Of this amount, 1,000,000 Preferred B Shares valued at $500,000 were issued to non-employees for goods and services received prior to 2009; 4,600,000 Preferred B Shares valued at $2,720,000 were issued to employees for services received in 2009; and 2,300,000 Preferred B Shares valued at $4,673,000 were issued to non-employees for goods and services received in 2009. The valuation for Preferred B Shares issued for goods and services received was determined based on multiplying the number of Preferred B Shares by ten (10) and then using the closing common stock price on the date on which a performance commitment first existed."
Issued class b's are convertible into company stock at a multiple of 10 .....
"During 2009, the Company issued 7,900,000 Preferred B Shares, each share of which at the option of the holder thereof, is convertible into ten (10) shares of the Company’s common stock. Of this amount, 1,000,000 Preferred B Shares valued at $500,000 were issued to non-employees for goods and services received prior to 2009; 4,600,000 Preferred B Shares valued at $2,720,000 were issued to employees for services received in 2009; and 2,300,000 Preferred B Shares valued at $4,673,000 were issued to non-employees for goods and services received in 2009. The valuation for Preferred B Shares issued for goods and services received was determined based on multiplying the number of Preferred B Shares by ten (10) and then using the closing common stock price on the date on which a performance commitment first existed."
Nath, he is right according to the fins the shares issued in liue of payments are convertible into regular shares at a multiple -times 10 ...so 7.9 mil * 10 conceivably = 79 million shares unless I am missing something here....so that is in effect a way of disguising dilution isnt it ? I am not trying to be a conspiracy theorist but his numbers jive .....does everybody agree ?
Looking at the fins the executive compensation seems very creative..... sales commissions
to Parsons Energy on top of his corp. compensation,
fees to Parrish and his company and .12 a gallon commission to Freedom Fuels which I really dont care about - only seems fair - BUT I do not like how if xpgh is aquired or merged in the future (which I think will happen down the road )
the aquiring company must buy Freedom Fuels as well ?
So we apparently own a stake in Freedom it appears. That could get ugly if someone at Freedom thinks their company is worth more than it is if an offer is made on the table to buy XPGH by someone .........
Mike also floated the company with his own money it looks like for awhile (which is a good sign) BUT was paid back B U T at what interest rate though isnt stated ?
I really dont like the complicated and layered compensation going on with Parsons and Parrish...arent EQUITY STAKES enough for them already ?
We knew the 7 + mil shares in 504s were issued- of course we knew someone was gettting them.
In my opinion it doesnt matter who got them - they were already spent money, we all knew it ,
it sucks, its a ton of money but its always good to be the king.
On the plus side if you are paying these guys strictly with stock - its in their best interest to steer the companies share price upward.
This peelback is temporary and the stock will rebound relatively quick IMHO. Today is shaking out the short termers ........ I expect some heavy buying volume in the coming days.
2 mil in the bank, FINALLY THIRD PARTY verifiable revenue, almost 7 million in sales in just 6 months - not bad . WE WERE NOT LIED TO ABOUT THOSE NUMBERS.
We need....
SOME F-ING "SHAREHOLDER" PPS RESULTS "FOR THE REST OF US" IN THIS FIRST QUARTER 2010 FROM OUR "8 MILLION DOLLAR TEAM" ..... lets try to refer to them as the "8MDT" from now on in posts. I hope they are reading this....... its time to PAY your shareholders as you already made your money.
Exactly thats short term day traders dumping shares .......2.x million in the bank after basically 6 months of biz and having to payout employee equity stakes - sounds good .....I am holding I expected it to peel back today as people are tired after 5 months of waiting for the "doozy".....this is normal people were looking for a quick hit .....look longer term- it looks good.
On the contrary are we sure of those dilution numbers ?
I just think they would have told us in a pr of any major milestones or contracts to build up the pps leading to audited financials .... as a result I think the fins will be perceived as ho hum tomorrow and with all this buildup over the last 5 months people will sell on bland news..thats my theory ...I am a buy and hold guy and not a swing or day trader ...I am holding long on this one but its my gut feeling for "tomorrows" news. I am no expert and truly hope I am wrong and everybody wins tomorrow (including me).
Q: At this point can we rule out any squeeze activity- effect one day before the "news" ?
Ok lets have some fun... I will start it off....tomorrows close and volume prediction ...add to this email so we have a list on one post ......p.s. I wish everybody luck tomorrow.
Spike007 close .25 volume 275 k
408k volume over the last few days and today just normal volume 1 day before "doozy" day ha ha ....hmmm I guess everybody here has purchased all they care too at this point ? Makes me think this wasnt new money coming in or was mm's prebuying as you said banking on a run .......maybe new money will come in after good financials are released - thats the only way I see this moving out of this channel...... Mr. Buffet evidently ignored my pleas yesterday he doesnt want to be in bio .....
An s-1 has to be filed which apparently has not yet ..... anybody got an update on that s-1 status ?
WIKIPEDIA "Form S-1 is an SEC filing used by public companies to register their securities with the U.S. Securities and Exchange Commission (SEC). The S-1 contains the basic business and financial information on an issuer with respect to a specific securities offering. Investors may use the prospectus to consider the merits of an offering and make educated investment decisions. A prospectus is one of the main documents used by an investor to research a company prior to an initial public offering (IPO). Other less detailed registration forms, such as Form S-3 may be used for certain registrations."
On January 4, 1999, the SEC approved the OTCBB Eligibility Rule. Securities not quoted on the OTCBB as of that date will be required to report their current financial information to the SEC, banking, or insurance regulators in order to meet eligibility requirements. Non-reporting companies whose securities were already quoted on the OTCBB will be granted a grace period to comply with the new requirements. Those companies will be phased in beginning in July 1999 and by June 2000, current financial information about all domestic companies that are quoted on the OTCBB will be publicly available.
he procedures followed by The OTCBB Filings Department for determining a company’s compliance status with respect to the Eligibility Rule are as follows:
Determine Compliance - To be compliant with the Eligibility Rule, a company must be:
Registered with the SEC under Section 13 or 15(d) of the Securities and Exchange Act of 1934 ("Act"), an investment company registered under the Investment Company Act, an insurance company described in Section 12(g)(2)(G) of the Act, or a bank or savings association that is not required to file reports with the SEC.
AND
Current in its required filings. To be current, an issuer must have filed its latest required annual filing and any subsequent quarterly filings. In the alternative, an issuer may be deemed compliant if it has filed a Form 10 or a Form 10SB and has cleared all comments by the SEC.
I think the best chart day for volume was ~8.55 million shares on 4-13-09 ....do you guys think we will top that volume a day this week ? My gut feeling is we need to pick up some "new" money coming in and its volume in order to move ....yesterday at 188k isnt even close history wise :( ...is everybody in as deep as they want to be? Mr. Warren Buffet - Oracle of Omaha - Sage of Omaha where are you ? You need to be in bio buddy :) ....Thumbs up xpgh.
Countdown... only 4,800,000 more shorts to cover in the next 3 days..... ;) .
Cents lets hope so ...... I actually feel management heard us loud and clear regarding transparency...like I said before their job is 2 fold- build the business, build up the pps...you cant do half the job.
Is it really too much to ask for an investor E-newsletter ? The old unaudited monthly revenue reports and trending put us around 10 million dollars in yearly revenue.
X2...hopefully moving forward XPGH investors will never be in the dark regarding financials for "5" months straight..... If anybody here thinks that is acceptable I beg to differ.....they have publicly stated they goofed - took longer than they thought - lets forgive them and move forward. Things important to me now....
1.) We get numbers each month starting now and the corporate transparency WE WERE PROMISED is back.
2.) We file and move to the otc as promised.
3.) The company shows continued sales growth ...I dont need to know customers names - just show me the figures on your statements to back up your claims.
Lets move forward guys ...we are all here to make money and believe in xpgh, its crew and smell a winner.
When I contacted them recently- 2 times -I got absolutely nothing but a canned response ........no facts- NOTHING to go on. So if for some reason you are privy to things the rest of us are not maybe in the future you could help out your fellow investors and share what you know to help promote this company and its stability.......
Ok guys we have a date ...I agree with cheap lets try to hold back our frustrations and judgements until then...we have all been in terrible limbo for the last x months here and airing our frustrations daily and arguments have ensued among us ...BUT its obvious XPGH knew we were all pixxed because they even mentioned us in the announcement today-publicly . Sort of a round about apology ? I will take that as a plus from Mr. Parsons, Parrish and Blackmon.
BUT believe me if they miss another date or the numbers are substantially different than what we were told or lead to believe over the last unaudited 12 months the floodgates are open to airing out all our dirty laundry.............
I really hate hearing of posts being removed - it kind of makes me wonder how free of a forum this is sometimes as I am a big believer in freedom of speech,presenting opposing thoughts and or theories.....
"We appreciate our shareholders’ patience as we have worked diligently to complete our 2009 audit,” stated Mike Parsons, President and CEO.
Charles Blackmon, CFO, added: “Given that this will be our first set of audited financial statements, the process took longer than we initially expected. We look forward to releasing the audited financials next week.”
Thanks Money Central.com for communicating with XPGH shareholders.
Guess I better cancel those limit order sells at least until 6 days from now :) .
I have to agree somethings up ...my "guess" is sales tanked after the bio credit expired......"if you cant say anything nice dont say anything at all" may be in play here ....Personally I am tired of excuses,tired of empty sales leads -empty p.r.'s , tired of cheerleaders defending their broken promises on the fins , close to cashing it all out on the next slight uptick...... this stock has proven it moves on favorable news. As a business developer you have a vested interest and RESPONSIBILITY in building pps value AND the business ...the pps could easily be perked by some pertinent ongoing or new sales info and they cant even give us that for whatever reason. ....IMO.
I feel like I am watching someone flatline in an e.r..........
Hey I went to pinksheets today and poked around.....just in case nobodys seen this- older numbers from 2009 .....
They still have Dalmy listed as the attorney 9-28-09.
Estimated Market Cap
$11,930,199 as of Apr 28, 2010
Outstanding Shares
49,709,162 as of Nov 30, 2009
Float(shares)
5,237,411 as of Feb 12, 2009
Authorized Shares
190,000,000 as of Nov 30, 2009
Number of Shareholders of Record
548 as of Feb 12, 2009
At what point are they officially late on filing any required s.e.c. docs and or notifying investors of the state of the company ? According to the s.e.c. edgar site the last filing activity I think was around sept 2009 which was some 504 activity. As a pink do they not have to file "anything" regarding the financial state of the company ? Its hard to believe for 7 months a company can run without reporting a single thing to the s.e.c. while using investors money ?
Thanks "6" .
I have to agree this board and its talk are not that influential on our stock price ...maybe a small percent but believe me movers and shakers dont pay attention to this street level talk...
...IMO what is killing us right now is the sudden and total disconnect from shareholders and the TOTAL lack of respect this company is showing for its shareholders... That isnt a negative spin - it is a fact.
and ps thanks for the dd nath .
For us XPGH newbies was there some sort of stock offering to long term XLPI shareholders when XPGH was formed ? If so what were the details ? Is that where the restricted stock people own came from ?
I know but we need the ying and yang because every now and then something legit comes through...you just have to sift through the noise .....
According to http://www.biodieselmagazine.com/plant-list.jsp? the Agri Source LLC plant exists and its status is currently producing. Its capacity is 3 MMgy. However their website says 10 Mmgy.
However a recent poster here said he worked right behind it, had a family member working there and they were just producing glycerine if I recall correctly....... so who knows ....J
Knees I am lost and I am DD pooped out and giving up digging ...I cant find anything else out there for bonafide xpgh sales which is kind of scary and suspicious because I would imagine every Tom Dick and Harry using xpgh products would want the green hungry press today to know they are doing their part and going green. I did find an interesting article where Perdue farms was actually looking at heavily getting into bio production through investments , acquisitions and or partnerships for use in their processing boilers. I couldnt find a link to xpgh however...so the bottom line is there is no proof out there of any multiple sales - useage relationships on the net , we are totally in the dark, Harrison has a house Parsons sold him, its scary to say the least, lets hope there is some honesty and integrity left still in this world and in this company.
Im in ONLY because of Parrish....I have absolutely nothing else to go on....success by proxy ?
Actually I believe it is his 2nd house in Dothan and he has roots there...the other is on the golf course - Royal Highlands....maybe his grandkids are going to live and work at xpgh too ;) .... lets hope so. Xpgh is great
I ran that scenario also and it sounded good to me at first .... but I got to thinking I probably would not float the company over a hump with my own "personal" money if I was in his shoes. I think I get money elsewhere to pay for that and keep my personal finances out of the mix ....makes sense ? I am still in 100% by the way ...maybe I am foolish.....going over those prs (which arent visible on their website now ) the only thing that has happened was old castle ...the rest cemex,dod,feedstocks,power plants in VA,Korea we have absolutely NO THIRD PARTY PROOF. So why am I still here ? Parrish plain and simple.
Its weird the site is still up but none of the press- p.r. links from the past work - coincidence ? Hmmmmmm.
Whats more important to me is the relationship exists.....not the dollar figure or specifics - I merely dug it up and put it out there and offered an opinion ........ Parrish is the only shred of success I can verify within this company and keeps me here in the meantime without press releases and audited numbers. Thats why "I" think its an important post.
What was interesting was that the sale was for $500 as stated in the paper but according to public property records there is a $529,000 dollar house sitting on it...sounds like a loan or property transfer in lieu of ????? . Which isnt necessarily bad it just means there is a relationship for sure between -in my opinion upstanding-successfull businessman Parrish and Parsons in my eyes. XPGH is great - just wanted to make sure my post stays as well.
I had further "Public record" details of that real estate transaction but someone deleted my post. I think its relevant here on the board because it involved Parsons and Parrish. It was a "public record" from the Houston County Property Appraisers Office. I would hope this board and or its moderator believes in freedom of speech and the posting of public-government records involving two of the key players within OUR company xpgh. If it doesnt we are in trouble.
I found a real estate transfer between Parsons and Parrish in the Dothan Eagle newspaper :).....see here bottom of page.... $500 ?
http://www2.dothaneagle.com/dea/news/for_the_record/article/real_estate_transfers42/109933/
I found another in the same area that was $370,000 in 2008
Danny R. Sims, Roger Adkinson, Lot 20, Block A, Ludlum Cove, $370,000, 10/03/08.
So Harrison did quite well on this transfer
To borrow another posters catch phrase -now thats funny right there. I am not even going to respond.