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From carmelbeach over at RB:
Litigation Release: SEC v William Jacobson
http://www.sec.gov/litigation/litreleases/2009/lr21345.htm
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21345 / December 22, 2009
Securities and Exchange Commission v. William Jacobson, Case No. 2:09-cv-00669-EJL (D. Idaho filed December 22, 2009)
SEC Charges Idaho Mining Company and Former CEO with Illegal Stock Scheme
The Securities and Exchange Commission today filed settled charges against an Idaho mining company and its former CEO for improperly financing their struggling operations through the illegal distribution of millions of shares of stock to investors.
According to the SEC, Atlas Mining Company, a publicly-traded company, and former CEO, Chairman and President William Jacobson, used various means to sell stock in contravention of the federal securities laws, and concealed the improper sales by filing false documents with the SEC.
The SEC's complaint, filed in federal district court in Idaho, alleges that, from 2002 to 2005, Jacobson caused Osburn, Idaho-based Atlas Mining to sell millions of shares of stock to the public while evading the disclosure and registration requirements of the federal securities laws. Among other things, the SEC alleges that Jacobson issued stock to family members and companies he controlled, who then resold the stock to the public and funneled the money back to the company. Similarly, the SEC alleges that when a 2003 public offering failed to raise sufficient funds before expiring, Jacobson unlawfully "parked" nearly 10 million shares with various friends, family members and affiliates so they could be sold at a later date. According to the SEC, these improprieties allowed Atlas Mining to raise financing without providing complete and timely information to investors as required by law.
The SEC further charges that Jacobson caused Atlas Mining to make false statements in its SEC filings concerning the improper stock sales, coupled with additional financial irregularities.
The SEC's complaint charges Jacobson with violations of the antifraud and registration provisions of the federal securities laws, as well as reporting, internal control and certification provisions. Without admitting or denying the Commission's allegations, Jacobson consented to settle the charges and agreed to a permanent injunction against future violations of the federal securities laws, a $50,000 penalty, an order barring him from serving as an officer or director of any issuer for a period of five years, and an order barring him from participating in any offering of penny stock for a period of five years.
In a separate administrative proceeding, Atlas Mining, now known as Applied Minerals, Inc., consented to the entry of a cease-and-desist order barring violations of certain registration and reporting provisions of the federal securities laws.
SEC Complaint
http://www.sec.gov/litigation/complaints/2009/comp21345.pdf
Green Energy Resources to Buy Stake in (unidentified and completely anonymous)New England Pellet Mill
Another vapor PR from Mr. Murray.
No indication of the size of the stake - or is an outright purchase as the first line of the PR indicates, in contradiction to the title of the PR? , the name of the mill. the location of the mill, or indeed any details that would enable an independent obsever to determine whether this PR was a tissue of lies like all Mr. Murray's PRs, or uniquely for him contains an element of truth.
In the circumstances, I think we can safely assume it's a tissue of lies like all Green Energy Resources' other public announcements.
NEW YORK, NY -- (Marketwire) -- 12/21/09 --
Green Energy Resources (PINKSHEETS: GRGR) looks to purchase a fully operational New England wood pellet mill
Terms of the purchase were not disclosed and are subject to financing. The mill has capacity to produce upwards of 10,000 tons monthly and could generate approximately $24 million dollars annually in gross revenues for the company. Green Energy Resources is a supplier of the mill with wood biomass. The pellet mill has excellent logistical location for export, and domestic supply. The Pellet manufacturer is currently producing bagged pellets for the US retail wood stove markets. The acquisition would greatly enhance Green Energy's ability to meet a growing US commercial demand and a very competitive European export market
In other news, President Obama and other world leaders agreed to international emissions reductions on Friday in Copenhagen, Denmark. The breakthrough should pave the way for final passage in the US Senate of the "Cap N Trade" bill which passed congress in June. The accord is significant both in terms of anticipated green jobs it will create in the US and because US power generators are expected to move towards compliance in 2010. Green Energy Resources predicts US Coal Power generators will eventually turn to co-firing utilizing pellets by 2011
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995
Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings, ship availability, fuel costs and other risks
CONTACT: Green Energy Resources Joseph Murray, 631-375-7921 joe.murray@greenenergyresources.com www.greenenergyresources.com or Worldwide Financial Marketing, Inc. USA Investor Relations Int'l: 1-954-360-9998 Nat'l: 1-866-360-9998 Info@wwfinancial.com www.wwfinancial.com
"I know something is up. I got a call back from Scott Toblin Friday at 7 est. It was a returned call from december 14th.
That is all I will say.... "
I just hope no one has forgotten the importance of adhering to the requirements of Reg FD.
I'd hate for anybody to run into problems with our securities laws at any time, let alone at this festive period.
"And you are posting this here why?"
If you mean the information concerning penny stocks and the scams that surround them, then advice and information from SEC has always been relevant and worthy of consideration.
But in addition, I have detected a very slight undercurrent among some long-term shareholders of disillusionment with their company and its management, and the vague suggestion that they might be re-evaluating their core beliefs that led them to buy FASC in the first place several years ago.
Under those circumstances, I don't think it's inappropriate to provide food for thought. The capacity of rational human beings to change their mind when faced with irrefutable facts and arguments is still less than those of us who strive for the universal adoption of the Scientific Method would like, but it is not entirely negligible.
Which is a good thing, I think, even if others disagree. Upton Sinclair is eloquent and informative as to the motives of that latter group.
"Try reading the coffee grounds.."
Alternatively try reading Wikipedia:
"The SEC notes most of the same about Internet message boards, where fraudsters claiming to be unbiased investors who've carefully done their due diligence may in fact be company insiders, and that a single person or a small team can create the appearance of a huge interest in a stock simply by creating a huge number of aliases, while banning the most vocal or perceptive critics of these offerings."
http://en.wikipedia.org/wiki/Penny_stock
or the SEC themselves:
"www.sec.gov/investor/pubs/pump.htm"
Lot of buying going on here today...
That will be why the pps is skyrocketing......
I think you momo players need to find a different target - this one's been done to death, and any likely victims for the old P&D have already been fleeced.
The real story here? Failed technology (if indeed it was ever intended to be anything other than a front for the Rochester NY Mafia), venal and incompetent (or highly competent but utterly corrupt management, depending on the real business model) in cahoots with the so-called toxic financiers, MegaDilution and some of the most transparent MB "supporters" ever seen on a scam penny stock.
Shame the SEC is otherwise engaged, I always think. But there you go.
"This Post is in my opinion."
Actually, it's mostly Joseph Murray's lies, regurgitated for public consumtion on this message board, and as such worthless, just like his PRs, his accounts and his mythical contracts and indeed his non-existent business.
Odd that this so-called "NEWS!" :
1) Isn't news at all. It's all been released before, and the positive sounding bits are as much lies now as they were before.
2) Doesn't mention the 10 to 1 reverse split, which according to previous PRs is due imminently.
3) Is regarded by some posters as worth presenting in a positive way on this or any other MB, when we all know that Joseph Murray is a crooked liar, and all his PRs are crooked lies.
"Why would you choose to be the moderator on a stock that is a scam?"
Because studying likely scam stocks is a hobby of mine, and there's no law that says you have to be an apologist for the stock, or even a paid mouthpiece for the people behind the scam to be a board moderator on iHub.
Some people find that somewhat irritating, for reasons that can be readily understood, but there it is.
"I take it that you don't invest in stocks at all?"
You take it wrong, then. But I do try to avoid "investing" in stocks which are designed to rob the private retail shareholder.
I guess I'm just eccentric like that.
"Very little downside here."
Actually, as I suspect you might find to your cost later, the potential downside here is 100% of whatever the sum you have wagered on this stock is.
And that's enough downside for anybody.
"Intimidating or insulting posters is not part of study in any persons view."
Couldn't agree more. I wish it didn't happen, but some folk are so over-committed to FASC I guess they can't help themselves.
I tend to look at it as not intentionally malicious (unlike FASC's lone supporter over at IV who is definitely and indeed definitively malicious) and generally let it go.
I suggest you do the same.
"Regarding the funding from Xcel Energy and the Minnesota House of Representatives, the active marketing of the KDS Micronex via JP Steel Plantech via tradeshows, and the mention of the KDS in QL Resources' annual report, would you say FASC, in terms of technology, has reached a level of acceptance generally unseen in most penny stocks?"
No. Whether it's Congresswoman Slaughter's pork barrelling on behalf of Biophan, Natural Nano's tie-in with the US Naval Research Laboratory, Green Energy Resources many multi-million dollar contracts, Atlas Mining's "purchase" of mythical halloysite clay (allegedly processed by a KDS machine), Enron's and Worldcom/MCI's many links with the "great and the good", dubious companies both small (penny stocks) and large can always arrange a fig leaf or two to make themselves appear respectable.
LoIs, contracts, JVs, mentions in annual reports, notable figures on Advisory Boards - none of these things amount to a hill of beans unless and until they are translated into sales and profits. And if there is a stream of such announcements with no concrete positive outcome for the shareholders of such companies, then I (and others) begin to wonder why.
"If yes, are your primary concerns the lack of communication with shareholders and the long term trend of a declining share price?"
See my answer to your first question. I see both of those as symptoms of a deeper malaise, connected with what I think is the true business plan of FASC's "management".
Thank you for the courteous framing of your question, and I hope you will treat my reply in the same light.
"I guess in light of your "experience" and your nasal sensitivity you will be moving on to other greener pastures."
Nah, I like it here studying FASC - it's one of my hobbies.
Sorry to disappoint you.
P.S. Ever see the movie "Bad Day at Black Rock"? I recommend it thoroughly.
"It makes me wonder what else is going on elsewhere behind the scenes."
I think a number of us wonder about that. Generally when a publicly quoted (and owned) company is essentially silent for so long, you know that whatever it is that's going on that you don't know about is unlikely to be good from the private retail shareholders' perspective.
When you rely on the message board community to read the runes (and in some cases, always in a positive way, in spite of the clear evidence that the only indicator that matters, the long term pps, offers) then in my experience, something is rotten in the state of Denmark, or in this case,
Something is rotten in the State of Nevada (or is British Columbia?)
"some of the converted warrants, upon exercise into common were sold and that has "artifically" held the price down."
Has it occurred to you or any of the other HDVY longs here that someone may be holding the pps up while the warrants are exercised (and sold pretty darn quickly thereafter), and when when they're done, they'll let the price fall?
Just wondered.
"GET WITH IT!"
One of the (very few) Board rules here is "No shouting" and I'd be grateful if you would observe this elementary courtesy in the future.
TIA.
BTW, I don't believe the majority of penny stocks are transparent scams to rob private retail investors and give the proceeds to shadowy groups of private individuals who obviously have a lot of practise at this type of thing.
NNAN is exactly that type of company, however, and while that makes it an appropriate subject for my hobby of studying both scam companies and those who promote them, and may make it an appropriate trading vehicle for those traders with an exquisite sense of timing and more than their fair share of luck, it also makes it a very bad investment prospect indeed.
And once more, we do not learn with whom this magnificent $300 million contract was struck.
I wonder why?
Unless of course it's because there is no such contract, except in what passes for Mr. Joseph Murray's mind.
Shame the SEC are otherwise engaged, really. Let's hope no one is dumb enough to fall for Joe's lies in the mean time.
Indeed.
Toxic convertibles, usurious interest rates and the prospect of MegaDilution. What's not to like?
Natural Nano have another 4,910,600,000 shares they can issue before they run out of authorised float (and then they can authorise themselves some more, just like they did last time).
Just think how much fun Longview and Platinum can have shorting NNAN (using their convertibles as cover) driving the pps down even further and then demanding even more convertibles under the terms of the 8k you just linked to. Why, it's a license to print money.
Which is just what Platinum did until they ended up as majority owners and unable to play that game directly.
Hence the advent of Longview, who I absolutely guarantee you will have several principals in common with Platinum -in practise if not on paper.
Pleximer is a product no one wants, as the infinitesimal sales have shown, and as many of us predicted long before it was launched.
It does, however, give a fig leaf of respectability to hide the true intent of NNAN's "management" - to take as much of your money as possible and put in their pockets.
In fairness, it must be said that the Rochester "mafia" have been highly successful in this endeavor, using both Biophan (BIPH) and Natural Nano (NNAN) as their vehicles.
BTW, I predict a reverse split being announced either this month or next - the numbers of shares outstanding will be just a bit too scary for them when they start reaching the billions.
I love it when the moomentum players pick up on a transparent scam like NNAN, hype it all over the MBs, and pretend they've done some DD and like what they see.
The sad fact is that Natural Nano is one of a cluster of penny stock scams run out of Rochester NY.
The current owners are the previous toxic financiers -who turned out to be close associates (i.e. the same people) as previous management, placed by Technology Innovations, the LLC behind these vehicles for transferring private retail shareholders' money into their hands. Like most toxic financiers, they played both ends by shorting the bejasus out of the stock while taking huge tranches of shares as payment and then dropping the pps further. Entirely legally, although utterly immorally, of course.
You might want to check the authorized float number against the current float, and wonder how that financing next year is going to be paid for.
Biophan had the same momo players behind it last year - they all bought in at 1.4-2.5 cents. Sadly the price declined to about 1 to 1.2 cents where it has stayed ever since leaving a lot of momo players holding the bag. Some of ther new names here are somewhat familiar because of that flurry of activity.
Most players are now aware of the nature of Biophan and its sister stock Natural Nano, so you are unlikely to find greater fools even with this momentum play (of course, some of those posting will be NNAN apologists pretending to be new investors - that's one of the things that makes investigating penny stock scams such fun).
And the fact that revenues are below negligible, that the company is run and majority owned by the so-called toxic financiers who drove it into the ground in the first place - who actually turned out to be tthe same folk as the founding company, TI!- that they've done nothing but mislead and lie throughout their existence, or that they are pimped by some of the most consistent liars on the Internet, the fcat they've just gone pink, and therefore "dark" - none of this screams caveat emptor to you?
Because it should.
Natural Nano has no real product, and no real business plan beyond bleeding the private shareholder dry.
While they've pretty much achieved the latter, there's always room for one more on board, ready to be fleeced by the Rochester NY mafia.
2-Dec-2009
Other Events
Item 8.01 Other Events
The Company received a OTCBB Delinquency Notification, dated November 24, 2009, from Financial Industry Regulatory Authority (FINRA) indicating that the Company's common stock will be removed from quotation on the OTC Bulletin Board, effective as of the opening of trading on December 3, 2009, as a result of three late filings (its Quarterly Report on Form 10-Q for the quarters ended March 31, 2009, June 30, 2009 and September 30, 2009) in a 24-month period. The Company was delinquent one day in filing its Quarterly Report on Form 10-Q for the quarter ended September 30, 2009, which triggered the Notification. The Company has decided not to formally appeal this decision by FINRA.
Indeed.
The selflessness involved in publicising this stock, which to the untutored and unenlightened eye appears merely to be a unpromising and unrewarding stock, and to do this year after year after year, beggars belief.
"10 % dividend !!!!!!!!!! News out (and reverse split). I love it !!!"
Don't you think you should tell your chums here and on the "THE NEXT LOTTO and INTRADAY PLAYS" message board that it's a stock dividend, not a cash dividend - that is that they will be in possession of 10% more useless GRGR shares after the so-called reverse split, which is highly likely to include massive dilution (or at least to allow the issued shares to come closer to the official float, which I suspect is already much lower than the real number).
And to mention that 99% of companies that undergo a reverse split lose value massively in the weeks and months following the split.
Come to think of it, you might also mention that Green Energy Resources is doubtless a scam and that its CEO, Joseph Murray, is a semi-literate crook.
PS Anyone tell me what's a "CUSSIP" number? Another intrusion from a parallel universe where Traflagar Square and the Artic Circle are real places and Mr. Murray is chock full of integrity and honesty? Where GRGR is a real company rather than the scam it is in this Universe?
Sorry, this was originally an inadvertent duplicate of the previous post.
Now I'm here, though, I will just point out that I don't believe the $20 million sales figure for 2009 posted on that PR any more than I believe the multi-hundred million dollar contracts announced in India, Europe or Timbuctu, or Joe's single-handed Balto-like rescuing of the entire population of ice-locked, frozen and starving Northern Scandinavia using his personal fleet of ice-breakers with a small modicum of assistance from International Rescue (Murray-Birds are go!)
Here's a classic Murray-ism:
"Green Energy Resources averted major debt in 2009 by obtaining loans against its letters of credit."
Uh? Run that by me again, please, Joe.
"Green Energy Resources averted major debt in 2009 by obtaining loans....."
Yeah, that's what I thought you said, Joe.
Now I know this secret, my household finances will be transformed for ever. I will avoid indebtedness by taking out loans.
That oughta do the trick.
A 10% stock dividend is worth exactly what the stock will be worth post-R/S, always assuming SEC or one of the States' Attorneys General doesn't close this scam down first.
I'm just suprised he didn't go for a 100:1 R/S, or even a 1000:1.
Assuming it makes 5 cents post R/S, I expect that to hold for, say, 2 microseconds before it goes sub-penny once again.
I will predict however, that Mr Murray will use the "stock dividend" as a pretext to expand the authorised float (which I suspect is already much less than the issued shares) dramatically, so that he can continue to sell shares at will when he needs some pin money, or cash to pay his escort girls/boys/transvestites*.
*Delete where and if applicable.
"I don't care about the other companies that you mentioned."
That's odd.
Although this indeed the FASC MB, to discuss First American Scientific Corporation in all its splendor,I distinctly remember first encountering you on the Biophan iHub MB, where you posted several times.
In fact there was a time you agreed with me, about the fact that there was nothing to stop Biophan's "management" buying their own shares on the open market, and paying off their "toxic financiers" (who of course were pretty much the same people as the Biophan "management").
And just last year you posted to MBD:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32401061
That would be the same MBD who posted this message:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37473344
None of this would have been discussed on this MB if you hadn't chosen to misinterpret my sincere desire that sambeaux should not regret his decision to increase his selling price for FASC stock as being my motivation for posting here.
But if people ask me questions that are related to stocks like FASC, then I honestly think I'm entitled to answer, and I suspect people could legitimately question the motives of anyone who tried to suppress that debate.
That's the beauty of the First Amendment, I guess.
"what the average life spam of a "scam penny stock" has been during your time of having this hobby?"
It varies tremendously.
One of the companies I mentioned, Viragen, was in existence for 25 years, during which time it plundered shareholders and other lenders to the tune of hundreds of millions of dollars, as well as stringing along cancer sufferers with endless promises of revolutionary cancer cures just round the corner. Like the other pseudo-biopharmaceutical company on that particular list, Aphthon, at one time it had a NASDAQ listing before doing the customary descent through AMEX, OB and ultimately bankruptcy. Some were started as recently as 2004 - Biophan and Natural Nano for example- and started as OB companies and have only recently gone "Pink" in the case of Biophan; Natural Nano remains OB.
In fact the only one of the stocks I listed that started life as a Pink Sheet stock and will remain as such until its founder is prosecuted and imprisoned (one hopes sooner rather than later, but the SEC is so busy these days) is Green Energy Resources.
There are many others I didn't list which have gone bankrupt and are now gone - I would estimate their average lifespan to be 5 to 8 years as an actively traded stock, with some dragging on off the main exchanges for a year or two after that.
"Yes, we've heard the same story many times. Thanks for sharing it again...and again...and again...and again."
Perhaps instead I should post something stunningly original about how there will be great news in the next 10Q/10K and that sales in Korea/Japan/Malaysia will drive FASC to new heights. Or that wood chips or algae are the new future. And that any longs should hold...and hold...and hold...and hold...in the hope of a better future.
But then again, you chose to ignore my previous posts about why I post on this and other message boards, and to attribute motives to me which were not my actual motives, so perhaps I can be forgiven for repeating a message which it seems you and others had missed.
"You are only interested in protecting shareholders here and
everywhere else where someone will listen to your admirable sounding altruism."
Nah, again you haven't been reading my past posts when people like rj2 have asked me about my motives very carefully. I have consistently posted on this message board and on the other MBs where I post as voldemort2001 that my motives are purely selfish.
One of my hobbies is the study of likely scam penny stocks - I derive pleasure and satisfaction from the forensic study of such stocks and those who promote them.
That occasionally some individuals have saved sums of money in some cases numbered in the many thousands of dollars is merely a beneficial collateral effect.
The fact is that most "true believers" are impermeable to reason and only realise they've been had when it's too late. Ask the folks who "invested" in Biophan, Natural Nano, Viragen, Aphthon, Green Energy Resources and all the other scam penny stocks I've posted about.
"Sounds like you guys are mad at Sam for moving up his bid."
Nah, not me. Don't really care what happens to the FASC share price on a day-to-day basis one way or the other, although I will wager that the long term direction will only be further down - that's based on my experience of a whole bunch of penny stocks with similarities to First American Scientific Corporation (whatever did happen to that name change that you dudes got so excited about?).
But for his sake, I just hope Sam doesn't come to regret listening to that "advice".
"Lack of liquidity"??
Typical of your naysaying negativity about this fine stock.
Why, around $1000 worth of FASC shares were traded yesterday alone. In a single day.
That's 67,800 of those little puppies.
And talking of puppies, that $1000 would hardly buy you 67,800 sheets of Cottonelle! Talk about value for money!
Who's laughing now, eh, misery guts?
PS Some folk will try to tell you that those 67,800 shares weren't really traded, but were due to the Market Makers batting shares to-and-fro among themselves in an effort to manipulate the market round this wunderkind of an investment.
That's just trash talk to try to put you off. Don't believe what you read from these bashers about the Market Makers.
In my search for this latest Pink Sheet filing I came across this gem from a GRGR PR in 2007, which I had previously missed:
"European Expansion
Green Energy Resources opened an office in London, UK in October at Traflagar Square. The office is expected to increase European visibility and sales."
http://findarticles.com/p/articles/mi_pwwi/is_200711/ai_n21097908/
Just so no one is confused, "Traflagar Square" should not be confused with Trafalgar Square, the emblematic location which typifies London in the minds of many international visitors.
No, Trafalgar Square does not house any office accomodation of any sort apart from the National Gallery.
As I'm currently domiciled near London, I shall double check next time I'm in Trafalgar Square to make sure no one's erected any temporary office accomodation next to the National Gallery, or on top of the spare plinth they sometimes use for art installations there.
And the odd thing is that there is no place at all called Traflagar Square in London. It appears to be entirely fictional - a figment of Mr. Murray's imagination.
In this respect it is at least consistent with Green Energy Resources' PRs, claimed contracts, revenues and profits as well as the honesty and integrity of its founder and CEO, Mr. Joseph Murray. Entirely fictional and non-existent.
PS - I couldn't find this latest filing -I'd be grateful for a link if possible. Some amusement would be most welcome in these troubled times and I also want to see if Mr. Murray has got the hang of using Benford's Law yet to at least make it vaguely plausible that his "accounts" aren't entirely fabricated. TIA.
"We need financials"
With respect, what you need are audited financials.
The "accounts" that Mr. Murray has filed with Pink Sheets previously are clearly entirely fictitious.
A new set of these bogus accounts would simply be another piece of evidence that can be used against him in any criminal or civil action, both of which are fairly certain events in the coming months or years. This is, in all probability, why Mr. Murray has not bothered cooking up a new set of numbers, even though the previous ones took him less than half an hour to fabricate, judging by the transparent inconsistencies and errors in them.
And as audited accounts would demonstrate beyond reasonable doubt that Green Energy Resources is a fraudulent enterprise run by a crook, I think it's unlikely in the extreme that they will ever be forthcoming.
Given that Mr. Murray is a known associate of proven penny stock scamster "terryhallinan", no one should be surprised by this turn of events.
"out of the million of people working in the financial industry, 246 people made it to be a Vp for GS"
Actually, Don, it's a lot more than that. The current number of VPs is at least 246. I don't doubt that the list of past and present runs into the thousands, and I'm sure that many of them are highly successful, intelligent people.
None of which detracts from my factual observation that ex-GS VPs are not exactly as rare as hens' teeth. A few of them may even not be Masters of the Universe material, difficult though that may be to believe. If the most you manage with GS is $1.5 billion, then you're slightly up on the post-room guys, but not much.
"where are you on that list?"
Well, Don, I have to say that I've never worked in the Finance Industry, let alone for Goldmann Sachs (I prefer to make things rather than to arbitrage things, but I understand that others feel differently) therefore I'm not on that list at all.
"in fact, where are you in life... period. what's your success story?"
That sounds a bit confrontational, if you don't mind me saying so, Don. Now I know that as an ex-contractor for Health Discovery Corporation (still listed as hosting their website last time I looked) who was partly paid in shares, and that as the part-owner of a PR/Advertizing/IR Agency, you might perhaps want to work for them again, and that you have a deeper attachment to them than most of us, but courtesy costs nothing.
I hope you will understand, Don, if once more I decline to publish my personal details on the Internet for public consumption: as you know from our long correspondence over the years on the RB message board for HDC, one of my hobbies is to make a study of likely scam penny stocks and those who promote them.
It may come as a shock to you, Don, but some of the shadowy figures behind such scams (the Bonanno family are just one of the specialists in this field) are less than fastidious in covering their tracks and defending their ventures.
So, I'll just stick to posting facts about the penny stocks I investigate, using this and my voldemort2001 ID, if that's all the same to you.
Thanks, Don.
"I had to do a double take on this resume.And just this part
He went on to become a Vice President at Goldman, Sachs & Co. "
Just as an FYI, there are at least 246 current VPs at GS. And heaven knows how many ex-VPs:
http://www.jobs-salary.com/vice-president-salary-of-goldman-sachs-co.htm
"maybe I will just give the shares to some of you guys"
It's a kind offer, but I already stocked up on Cottonelle.
I just love that puppy! (The Cottonelle puppy that is, not the KDS, obviously.)
"At these cheap low share the investment is not too risky.... "
Somewhat muddled logic, if you don't mind me saying so. The potential downside of GRGR as an "investment" is 100% of what you invest.
Given that the CEO is a liar and a crook who posts fraudulent PRs and registers forged "accounts" , I would say that a buy and hold strategy on Green Energy would actually be a racing certainty to lose your entire investment.
I have to admire your positive outlook in the face of all the facts, but I'm sure I don't understand on what it could possibly be based.
Or in the immortal words of DeForest Kelly:
"It's worse than that, FASC's dead, Sam"
Or something like that anyway.
"your rememberances of biophan history are inaccurate
and unrelated to whatever future biph may have."
Really? Which bit is that you disagree with, and that you claim is inaccurate?
That all the money raised from shareholders and from toxic finance went to Lanzafame, Weiner, TI, the Anstadts and Iriquois?
That the Myotech CSS/Myovad device languished on the shelf with none of the millions raised on the pretence of developing the product actually used for that purpose?
That it was unethical and illegal for the CEO of Biophan to sell technology that had been valued on BIPH's books at over $10 million for $250,000 to another newly minted private company of which he is President at the same time as taking BIPH "dark" to make it even less transparent than before?
That the role of MyoCardioCare Director tetrahedron/Max Bialystock/ Marc Bileski in pretending to be an ordinary investor rooting for BIPH's management and then emerging as a Director of MCC is also highly suspect?
Or that BIPH's management past and present are either incredibly incompetent or they deliberatley planned to rip the shareholders off?
Or was it one of the other statements I've made?
Do please tell.
If you would care to be more specific (and perhaps a little more polite but that's optional), I can point you in the direction of the evidence that substantiates what I say.
TIA.
"he sold to a company who requested his assistance in
breatheing life back into the mcc technology of which
he has quite a bit of background"
As far as I know, when Biophan first began to be involved with the Myotech CSS device all those years ago, the device was in reasonably good health. Then they raised millions and millions of dollars ostensibly to bring it into even better health, nay rude good health, and onto an expectant market. After all, that's what the "management" of Biophan promised to do with all that money they raised over the years, and when they eventually purchased the complete rights to the product.
However, instead they made sure that money went to themselves via outrageous salaries and six figure bonuses, to TI, to the Anstadts and to their toxic finance chums at Iriqouis.
Having made themselves and all their friends into millionaires, they then claimed poverty and demanded yet more MegaDilution. There are still some on some message boards (IV, since you ask) who blame the shareholders for the failure of BIPH's management to actually invest any money behind developing the Myotech CSS device and for the management's propensity to give any ready cash the company had to themselves and their cronies.
That people would seek understanding and forgiveness of Mr. Lanzafame's actions in selling the technology to MyoCardioCare for a knock-down price because BIPH needed the money reminds me nothing more than of the dude who murdered both his parents, then asked for clemency on the grounds he was an orphan.
Frankly the MCC (aka Myovad aka Myotech CSS aka Cash Cow for Weiner and his known associates such as Mr. Lanzafame and Iriqouis)wouldn't need "breatheing life back into" if Mr Lanzafame hadn't been involved in actively suffocating it for the past five years or more.