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As I have said before, welcome to iHub.
Sending out false and misleading information is the name of the game here for the majority.
I don't take too much offense to that, it's just people trying to make a buck by mis-leading their fellow man. That IS the new American way.
Now if it can be proved that someone from the company (ie Carole or Angelo) is on here doing that, that is different.
We should really focus on getting some concrete evidence together against the company as opposed to witch hunting fellow posters who likely where just caught up in the hype and/or lies that were spewed by the company.
It is Carole who files those and she has been late almost every time, sometimes with 2nd grade grammar mistakes in the letter to ask for an extension.
Will be interesting to see if it ever comes out because I think the extension period is for a month so a lot could happen in that time.
What ever happened to that Rollins guy that was the subject of their last PR? He was supposed to be some industry veteran who would lead the pool management...
Well that means they have picked up production some on the spring line that was sold out previously which is a start. Until they get a much larger inventory, they can't really be sold out of much if they want to expand, especially if they want new outlets.
You are right. We need hard evidence. I have spoken to some people and am positive XGEN is pretty much entirely a scam but we need some real evidence. I know JB and CM have said they have hard evidence from talking to a bunch of subs and former employees but this needs to be documented in some way...
I haven't seen his name pop up in a long time. I take it he doesn't work for XGEN/WPNV anymore? I have long thought there was actually never really a windpower solutions. It was a proposal company with many experienced players in the wind industry who all dropped out when financing fell through, except Carole and Corky. I know this from correspondence with one of the original founders.
If you are on a speaking basis with Nick for real and he is telling you these things along with what Corkey said, we have a very legit case against XGEN for defrauding investors. I hope what you say is true and if so, lets go after them.
Also, I was always nervous when I first used google earth to look at their listed address as it seemed like a private residence...
That is likely the case. He was released right after and didn't receive all of his stock payment. So, as I have asked on here before, was it a ploy between Nelson and the possibly fictional Tony Power that Carole had no idea about? or was she on board?
You are right, this is about Energy Arventis. However, it was an XGEN press release. Either the company did absolutely zero research into EA before making a 'deal' with them and releasing this PR or they knowingly released misleading information. Either is not good.
Remember when this news hit? Huge volume went through with almost no PPS movement and within 2 days the PPS was dropping. Odd how that happened when the movement had previously always been on 'thin' resistance as a low float stock would be. So you think maybe a 'consultant' who was paid in large amounts of shares and was involved in the PR release could have possibly manufactured volume and temporary price pressure to be able to unload all his shares and bank a large amount of money? He could have banked as much as 500k based on how many shares he was paid in and the PPS at the time.
Energy Arventis has obtained over $180 million in funding commitments to build a vertical axis wind turbine farm with over 100 60KWH turbines.
This portion, for starters.
http://www.formationsdirect.com/companysearchlist?name=G4-ENERGY+LIMITED&number=08519348
http://www.endole.co.uk/company/08519348/g4energy-limited
Here are a couple links to the very limited information one can find about Energy Arventis and G-4 Limited which is what Tony Power now 'runs'. Upon looking up the address on Google Earth, you will find it is clearly a personal residence. Now that isn't in itself damning but this 'company' has zero revenue, one employee, is out of his house, and no history in the wind industry and yet they have obtained 180M in funding? Also, vertical axis turbines are an obsolete technology that no one builds anymore. At the time of the PR I thought maybe places in Europe that still build vertical axis turbines but have since spoken to a colleague from England and they are 100% obsolete in Europe now also as they just don't provide the same efficiency that horizontal axis turbines do.
So the question is, how can a company that has one employee and 0 revenue that has never installed a wind turbine have 180M in secured financing for building an obsolete technology???
If you have been able to find out anything more on EA or Tony Power please let me know as my DD has led to rather limited results...
Everyone seems to want that Amazon news, as do I, but what needs to happen more than anything is a major increase in production. This will go nowhere without it. Alec has reached a point where demand is WAY above supply and has made real progress in getting his product noticed, more so than many think. However, what good is product awareness and exposure, or new retail outlets, if there is no actual product to sell.
First and foremost, he needs to concentrate on upping production, probably by a factor of 10 at least, especially if/when Amazon and all his other outlets and awareness methods go through.
Here is the only reply I have ever received about my inquiries into the Arventis 'deal'.
On Sat, Jan 17, 2015 9:11 AM CST Carole wrote:
>Hi Eric
>We will be filing the annual report Wed. We moved the Cameo offices into Paddock and had some issues with the server all is well now. We are updating the Paddock website and implementing an advertising program. The wind project is still going through gov't issues kinda like the Keystone Pipeline. We will be putting out a press release next week. We are still very much alive and looking out for our shareholders best interest. Regards
>
>Carole
>
This is obviously stonewalling and/or absolute lying as: 1. Energy Arventis no longer exists, if the ever really did, so how can the deal still be going through government issues? 2. This is nothing like the Keystone Pipeline which has environmentalist opposition, this is the type of project that would have environmentalist approval. The Keystone pipeline was never a matter of funding as it already has 3 phases complete and is being done by actual huge companies with actual huge revenues.
Yeah. I got into this with the same long mindset. Had a feeling there would be a pop short term and will be more. I will take small profits when those occur but am holding base long term.
Agreed. I just want to see quarterly filed on time and look at the convertible notes section. It dropped by 170k from the Sept 30th report to the EOY report filed in April. Interested to see if this is a trend to take anything from (ie. elimination of old debt from previous company) or just a random thing.
I see that now. My bad. Just didn't see any posts in awhile.
That and the quarterly report to be filed on time. At this point, can't take away too much from the numbers on the report but would be nice to know they will consistently be filed on time and there is one thing worth looking at that I am waiting to see on the next one.
I get the distinct impression those 3M shares that just went through were yours. Welcome. Still waiting on Amazon availability and latest Q report just for starters here...
Hello new board member. No, no one disputes that Tullo is involved, have you read any of the posts the last few months? The Belmont website hasn't had Angelo Tullo listed on there for at least 3 years and maybe never as I only starting looking into them 3 years ago. It has his son listed and belmont & Carole both denied any involvement with Angelo which is why I originally doubted claims he was involved with XGEN. However, that was quite awhile ago and before I was positive that Carole is completely full of $hit and corrupt. I now am pretty certain that when the original WPNV team couldn't get the legit funding they needed back in 2010, it was Carole who decided to push on with corrupt funding with her only intention being to pump it up and line her own pockets.
Do we know if/when we will see the first quarter report? Isn't it due this week?
Does anyone on here still have open communications with Alec? A couple months ago he was emailing many people on here but they have seemed to all disappear....
So it is apparent that not only was the 'wind deal' a complete fabrication but the pool business is also. They have 'bought' these companies on paper with stock and have actually not completed any pool projects and have become mostly just a front for her and Angelo to sell off stock and make profit while putting up doctored quarterly reports. If that is the case, and it seems it is, we should go after Carole in some way. Those things, along with monitoring this site and probably creating false statements and information on here are precisely why every investor on here has gotten screwed.
If Corkey is willing to tell you these things and I have heard similar things from Spa Man and an ex-business partner of WPNV, don't we have some legs for a civil action suit or is that just ridiculous to suggest?
Well, I do know she lied to me at least once or twice and had a ridiculous response to questions about the fake deal with the fake Arventis company that never really existed. I will look it up a quote it but it is asinine. The last thing she told me is that she has no idea who u are. I believe that is a lie also although not sure as it is clear u have a bit of a hidden agenda still also. Let's just be out with it and go after Carole.
I think that eventually you are correct. This has the potential to have a base at minimum 10x higher that this but until there is an increase in stockholder awareness and overall sales the flippers will have a few more opportunities to profit. I expect a couple more run ups with falls unless we see something big soon.
I want to see the first quarter financials released to see that this will be regularly reporting on time. Amazon of course, but an increase in production is necessary to support any more business that Amazon may create, they don't have enough product to support the word-of-mouth and iHub consumers currently so to expand through amazon and the other outlets they talked about in the last PR, they need to ramp up production right now...
It looks like the only bomb being dropped is a giant poop on the bid. Need something to turn this around soon...
I know that what you say is correct about the negative stuff going on but Mr. Mutt has a point. There is still quite large revenue for a penny stock, especially one trading under 1 cent yet I have never seen you mention this. If anything you have only suggested that the financial statements are false.
Also, I like that you are looking into things deeper and hope you eventually let us know more of what you find but have always found it odd that someone with such a large position posts so frequently with negative stuff. I know there isn't too much positive to post but are the repetitive posts stating the same stuff 5-10 times a day necessary. Not sure how that helps the situation, which is what Mutt is trying to say I believe.
I knew about the Spa Man deal falling apart as I have spoken to Roger Abdin (aka spa man) and things were not good. I didn't get all the details but he was really displeased with the way XGEN treated him and the company. Looking forward to more detail.
Carole has never answered my questions about SpaMan and has stopped talking to me all together this year. I am really not sure what her deal is. Last question she answered of mine was "I have no idea who Jack Brown is".
I wonder why you obsess over going through posts on iHub? With all the other access to court records and contacts who have confirmed really bad business practices and Tullo's involvement, why not focus on that instead of some over zealous posts on here? Just curious.
Also, ever wonder why this stock has never moved up (since the initial pump 2 years ago) even when there have been periods of strong buying pressure? Yet the slightest amount of selling always drops the a$$ out of the PPS?
Maybe insider shorting and selling of payments given to 'consultants' in the form of stock??
Yep. That's the thing here, minimal risk with potential for huge rewards. There will be cycles here where this jumps to the double zeros with increased volume and goes back down but there is progress being made within the company and if some of the retail deals and international shows the company is getting involved in (per last PR) provide a spark in demand, production could go nuts as trendy type things take off fast. Never know.
Actually, I don't believe that is true in this case. He is open and honest which is never seen in these companies and he is legit about wanting to create a successful business. However, the question remains, is he getting played by someone else (ie. Peachtree)?
That would be a much better reason than having no means of real production in any quantity.
It is time for the level of production to step up big time. They need to have availability and not just 'limited' products.
Looking stronger and ready for move back up but ask not ready to fall yet, still 10M strong and getting replenished with each hit.
I for one bought more and re-bought after this PR came out. I was suspicious from the start due to the fact that these were vertical axis wind turbines and the vertical axis technology is considered by most in the wind industry to be obsolete. The smaller size and the fact that they were supposedly being built in Europe gave it a little credence as there are smaller vertical axis turbines there, but in the US, the big horizontal axis turbines are all there is.
I know many others bought on this news as the volume went nuts for like a week. It was met with a lot of selling however and I suspect certain 'managerial' people in XGEN were dumping shares and probably shorting the stock at that point.
What initially got me to buy was the gearbox repair and rebuild aspect which they pumped up quite a bit also and never followed through on, not one contract as far as I know...
I will definitely participate because I am certain this was fraud and my initial inclination that Carole and Corkey weren't necessarily involved and it was on the IR guy Tom Nelson is not there anymore. This is due to repeated attempts to communicate with them and never receiving any answers about this whatsoever.
Currently they seem to replace each large lot bought with a new one of similar size. With all the volume from here all the way up to 15s in the last month, once these large sellers are out, the resistance at each tick should go way down...
5M of bid just got turned into ask slap. 7M more at 6 and maybe this can start to breathe again...
You gonna let anyone in on this plan of yours? When I've asked you about it before, you have been dismissive and not talked about it.
We know that the 27M deal was manufactured but the question is, aside from the DD some of us have done on Energy Arventis & Tony Power, what solid evidence do we have to prove this was a scam? Don't get me wrong, I know that it was but what ammo do shareholders have to go after them?
Well let's just say, for $hit$ & giggles, PEACHTREE Is Selling their 100M OR 190M shares. So what, they are liquidating their loan repayment and that would be taken care of and bought by new investors. How are some people on here & Twitter claiming that Peachtree owns control over entire AS? Where the hell did they get that info from?
Well if that is the case then you are talking about dilution as they would be converting shares from the AS to the float and selling. They were paid 90M shares for helping with the shell purchase, where do you see that they have more than that??
Nope, not now. It was however when this was being run up two weeks ago. It kept fluctuating by huge numbers and after the run hit a snag, it disappeared entirely. I don't think there is any kind of dilution going on but Peachtree could be selling their shares. Most likely continued capitulation though.
That seems obvious, watch how much it fluctuates. Someone, through CSTI, was doing the same thing during the move up. Showing huge bids they never intended to buy at to get the PPS to move up by showing fake support.
They are obviously succeeding in their quest to shake shares. Ask is being manipulated big to cause more selling. Was happening to the bid on the move up.
My question is still about the 'derivative liability' chart in the financial reports.
Comparing the sept report with the annual, that total went down by 190K, would be interesting to see if something similar happened when we get first Q report this year.
Have no idea why so much selling though, it could definitely be Peachtree...
It's possible. Really don't know how there is so much selling at these prices after such good news. I know many that bought into mini pump have capitulated but don't think that accounts for all of this prolonged selling. I mean 22M more down here today, wtf. We were only getting like 2-3 million a tick on ask last time up!!!!
I agree with you but am unsure about whether or not anyone that came on this board was someone from the company. I know Tom Nelson came on here for a bit & brought the pump squad for hire who posted 1000x a day but besides that I tend to think everyone has just been trying to put their investment in a good light to potential investors. I Def could be wrong. Definitely keep me in the loop once we hit the class action stage.