Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"Dr. Barnhill went without a salary to get us by"
I've seen that claim on these MBs several times, and I know where and by whom it was first claimed.
Problem is, it's not true.
The closest you will find to any kind of salary sacrifice was a brief period where Dr. Barnhill deferred a part of his salary, nothing like the whole amount, for a few months, but he then repaid himself the difference in another few short months. He never went without a salary for any period at all.
What is striking is actually the opposite. For a man running a company whose shareholders have been howling in the financial wilderness(and indeed information vacuum wilderness too) for so many years, he is exceptionally well remunerated.
With his base salary, bonuses and his highly unusual (not to say irregular) 10% cut straight off the top of HDC'c revenues (not profits, but revenues!)he is paying himself like he's a highly successful CEO who has rewarded his loyal shareholders well.
Well, so far he's not, and he hasn't.
And if the past several years are anything to go by, he never will.
"The Ibox is updated as of May 7,2010."
So I see.
You might want to include the information that there is no "new management team", as claimed. Ted Zucchini left as COO, receiving a pay-off from then CEO David Platt. Then a few months after, Platt left, in turn received a six figure pay off, and was succeeded as CEO by - you guessed it, Ted Zucchini, who got to hang on to his severance as well as receiving nice shiny new pay packet.
Other than that rather unsavory game of musical chairs, there has been no substantial changes in what passes for PRWP's management team.
In the interests of full disclosure, you might also want to mention in the iBox that Davanat, PRWP's lead candidate has never been the subject of a controlled clinical trial, nor has it ever completed any of the Phase II clinical studies upon which it embarked. Best as can be determined from PRWP's somewhat gnomic PRs, the last patient entered into any kind of study with Davanat was over three years ago.
It may also be worth posting Adam Feuerstein's factual account of some of the issues with PRWP's credibility:
"Alex M. writes, "A colleague mentioned he had been persuaded to buy Pro-Pharmaceuticals(PRWP.OB) a few years back, and after years of languishing in losses, he's wondering whether it's actually a real company with a real drug candidate, Davanat, or whether it's an out-and-out scam or somewhere in between... Do you have a view on this company? I'm a huge admirer of your column, and have to admire anyone who flushes CEOs of companies like Generex(GNBT) and Cell Therapeutics(CTIC) out of the woodwork in the way you have. I suspect that makes you eminently qualified to comment on Pro-Pharmaceuticals."
I called the public relations people working with Pro-Pharma on Wednesday asking for slides and/or published articles so that I could review the phase II data on Davanat in colon cancer, the drug's lead indication.
Pro-Pharma's spokeswoman explained to me the company hasn't presented or published any of the Davanat data (from a study conducted in 2004-2006) because the FDA places "serious restrictions" on publishing clinical data without the agency's approval.
"Since Pro-Pharmaceuticals is in the design stage of phase III based on its phase II study, the company has not applied to the FDA regarding publishing the [phase II] clinical data," the company spokeswoman told me in an email, after she consulted with Pro-Pharma's chief scientist AnatoleKlyosov. [I'm not identifying the spokeswoman because she's nice and is just doing her job. No need to embarrass her any further.]
Naturally, the biotech B.S. detector chip implanted in my brain went into red alert mode after hearing that cockamamie excuse for not sharing old phase II data. The story doesn't get any better after reading what little Pro-Pharma has said publicly about Davanat. Pro-Pharma claims to have run a phase II study enrolling 25 patients with advanced colon cancer treated with Davanat and the chemo drug 5-FU in which the median overall survival was 6.7 months, or 46% higher than the 4.6-month median overall survival for patients treated with best standard of care.
Except that survival advantage is totally made up because the study treated all patients with Davanat and 5-FU, with no control arm to perform any credible analysis of a survival benefit. Pro-Pharma acknowledges this in the fine print of its corporate slides, stating that the 4.6-month median overall survival for patients treated with best standard of care comes from a "recent publication" i.e. someone else's clinical study.
Davanat is supposed to increase the amount of chemotherapy that can be administered to a patient while also decreasing the side effects. After looking at the sparse clinical data available on Davanat, my confidence level in the authenticity of these claims is rather low.
Pro-Pharma seems to operate on a shoestring budget, which has forced the halt to several other studies of Davanat. It's not entirely clear if any of the Davanat studies were ever completely finished per design; Pro-Pharma says it stopped the phase II colon cancer study, for example, because "we achieved our objective."
Um, but usually, companies complete patient enrollment and treatment before conducting an analysis and concluding that a study's objectives were met. For some reason, Pro-Pharma operates clinical trials backwards. Maybe this is why it's the only company in all of biotech that needs FDA permission to present or publish phase II data?
On Wednesday, Pro-Pharma said it was moving ahead with plans for a commercial launch of Davanat in Colombia. That's Colombia, the country in South America. Apparently, Colombia President Alvaro Uribe is really excited about bringing Davanat to all Colombians suffering from colon cancer.
Alex, I hope you have your answer. --
Reported by Adam Feuerstein in Boston.
Hope this helps to give a balanced picture of the current state of play with Pro-Pharma.
You nailed it at last.
If one looked at who was pimping it for years, then one could have avoided all this unpleasantness.
This is what happens when economic terrorists get their hands on shell companies and get a mixture of paid message board supporters and over-invested true believers to do their message board dirty work for them.
I think of them - the collective of "management", their financiers and supporters that prop up all typical penny stock scam jobs- as the US Financial wing of Al Qaeda, for the damage they do to confidence in our economy.
I'm sure Bin Laden is proud of his acolytes in penny stock scam land.
"I've done enough due diligence to be convinced this company is for real and Davanat is the only drug, when used in conjunction with widely used chemo treatments such as 5-FU, that will significantly reduce Serious Side Effects such as mucositis while, at the same time, enhancing the effectiveness of the chemotherapy treatment-their studies to date indicate that 50% more of the chemo drug gets into the tumor and it stays 50% longer."
Really? Perhaps you could share with the rest of this where the data to support this statement comes from. I thought I'd done enough due diligence to establish that such data is not available via any abstract or publication, let alone demonstrated by double blind placebo controlled study published in a peer-reviewed journal that would be the only conclusive evidence of such a claim.
In fact, such claims are made by PRWP's management on a frequent basis, but have no grounding in factual reality whatsoever. As Feuerstein demonstrated (and some of us knew this already) the lack of data and the incompleteness of the Phase II studies that PRWP have done with Davanat is indefensible.
http://www.thestreet.com/story/10741455/3/biotech-stock-mailbag-aspenbio.html
As is the plugging of the "compassionate use" program to cancer sufferers via paid plugs on Internet radio stations.
"All of these old posts relate to a management team that was replaced over a year ago."
Nah, they don't. They relate to the crew currently masquerading as PRWP's "management".
All that happened was that they found a way to siphon off some monies first to Zucchini when they let him go as COO, complete with compensation.
Then they repaid the favour by giving Platt a six figure pay off and re-instating Zucchini, this time as CEO. Natch, he didn't pay any of his previous compensation back.
That's where most of the "friends and family" money went rather than for the completion of studies that would show they at least pretended to be a serious biotech company.
"Time will tell who is right and who is wrong."
I already know. PRWP is a poorly disguised pump and dump operation, possibly with organised crime involvement.
The Street's Adam Feuerstein nails Pro-Pharmaceuticals:
http://www.thestreet.com/story/10741455/3/biotech-stock-mailbag-aspenbio.html
Thank heavens Alex M wrote to Adam to ask him to look at this most suspect of companies
From the Yahoo! Message Board, a post that would explain a lot:
"IMPORTANT-Regarding BROKERAGE SOLICITED RECOMMENDATIONS
We are interested in who bought, or was solicited to buy, this security as a result of broker recommendation yesterday.
We are suspicious of a broker assisted "pump and dump" taking place.
In spite of this suspicion, at this time we are in no way saying, or implying, that such has, or is actually taking place
I have been victim of similar schemes twice in the past and lost a significant amount of money both times.
I know of two other such individuals at the same brokerage house as I that were called yesterday.
I did not buy this time, but am trying to gather enough information to collectively address this type of market abuse with my brokerage firm and further action if necessary.
News was officially released April 28, 2010 @ 8AM EDT
Stock price declined after news for the following 5 hours after market opening.
There were 2 waves of buying on April 28.
One beginning @ approximately 1:30PM EDT
One beginning @ approximately 3:30PM EDT
We have also scanned and read most of the Yahoo Finance posting board pages for this security going back over the course of the last 48 hours.
There is possible indication that details of this press release were revealed, or discussed here, prior to official press release April 28, 2010 @ 8AM EDT.
Please do not send your name at this time.
We are only interested in:
1-The name of the brokerage firm that called you,
2-The time the brokerage firm called you.
Again, please DO NOT send your name or any personal information @ this time.
Yahoo will not allow email address in message
Will post website link later in day"
One pump from a courtesy visit to a Latin American narcorepublic's current regime and the stock jumps over 50%?
And that in spite of the fact there's no evidence that Davanat works at all.
And I mean literally no evidence.
No controlled trials, no complete Phase II, not even a decent pharmacodynamic/pharmacokinetic study, just years of lies and bluster.
You wouldn't want to get long on this one. It's really just a question of whther SEC or FDA get round to them first.
Today's good news:
"Press Release Source: Green Energy Resources On Wednesday April 28, 2010, 12:26 pm
NEW YORK, April 28, 2010 (GLOBE NEWSWIRE) -- Green Energy Resources (Pink Sheets:GRGR - News) received a $25 million dollar, 5 year, 1 million LOI from a Dutch company to create an eco -- green coal in the USA. The Dutch company is already producing a prototype in Europe. The Dutch company, in conjunction with Green Energy Resources, plans to develop two locations in the US, one in the Northeast US, the other in Texas. Green Energy Resources has been working since 2005 to develop a torrified pellet/ briquette that can be readily transportable and premixed with coal for co-firing. Green Energy Resources believes it is a major breakthrough for the company. Initial shipments of wood will be delivered to the Netherlands for manufacturing using American hardwoods. Shipments will commence in 2010 with deliveries to Netherlands this summer.
Note that the Dutch company, in common with every other party Mr. Murray pretends to have done a deal with, is anonymous.
I have deleted the boilerplate, as it doesn't exonerate Mr. Murray from his out-and-out fraudulent activities, of which this PR is but the latest example.
"i can do this all day my friend"
No you can't. I recommend you re-read my post about the ToS before you post anything that contravenes them again.
TIA.
OT: Message from Moderator:
While contrary views are welcome here, posters are reminded of iHub's ToS, specifically with respect to personal attacks and to references to deleted messages:
http://investorshub.advfn.com/boards/complex_terms.asp
Thank you for reading these. It will save us all time if you adhere to these, which are not unusually onerous.
Incidentally I am particularly a stickler when it comes to bullet number 8.
So how many shares did you get stuck with in your untiring search for the next 5-10 bagger?
http://investorshub.advfn.com/boards/profile.asp?user=157610
With both BIPH and NNAN, the old pump 'n dump has been so overdone so many times, that the peaks get smaller last longer and the inevitable retreat results in lower lows each time.
Traders in stocks such as these need an exquisite sense of timing and more than their fair share of luck.
"IMMENSE POTENTIAL here,huge patent news."
In my view they should also try to tell the truth, for fear of invoking bad karma otherwise.
Just ask all the momo traders still holding BIPH at 2 cents plus from the last P&D on that sister stock of NNAN.
"Don always took care of their website so if he isn't being paid right now why bother making adjustments to their site."
Don has said he hasn't been paid for his work on HDVY's website for several years now, and nor, he says, does he get paid for all the good work he does posting advance notice of Dr. Barnhill's and (ex-chair of HDVY's Scientific Advisory Board) Dr. Fritsche's speaking engagements across the Internet.
Or for being listed as HDVY's PR contact.
Under the circumstances, you could certainly understand if Don's pro bono efforts on Dr. Barnhill's behalf have ended at last.
And yet it would be uncharacterisic of this most altruistic of PR agency co-owners to leave poor Dr. Barnhill in the lurch just now.
Just because the vast majority of HDVY's SAB have left in the past year doesn't mean that Don will also be the kind of rat who would abandon a sinking ship.
Not when they're so close. Only two and a bit years behind the timelines that ltdcoverage thought were reasonable in the days when he claimed to be an objective party in this matter.
Looks pretty obvious to me, not to mention not particularly inventive, but clearly a few folk were impressed by today's PR from everybody's second favorite Rochester-based front outfit for shadowy "entrepreneurs" and toxic financiers such as Technology Innovations and Platinum, Natural Nano:
NaturalNano has Second Patent in the Energy Sector Issued
ROCHESTER, N.Y., April 16, 2010
GLOBE NEWSWIRE
NaturalNano, Inc. (Pink Sheets:NNAN) (Frankfurt:N3N), announced today issuance of a second patent, 7,679,883 dealing with use of its proprietary Halloysite materials (HNT™) in high performance energy storage devices called Ultra Capacitors
Our first patent, 7,400,490 for Ultra Capacitors comprised of Mineral Microtubules, takes advantage of the extremely small size and high surface-to-volume of Halloysite, as well as its chemical stability, to provide improved electrolyte performance in high energy storage capacitors such as ultracapacitors and supercapacitors. These devices hold the potential to surpass batteries in applications such as hybrid and pure electric vehicles, cordless tools and appliances, and other distributed power applications due to their long life, extremely fast recharge times, and lower environmental impact at the end of their useful life.
CEO James Wemett said, "The newly issued patent goes into further detail, including use of activated carbon, conductive polymers, and carbon aerogels." Wemett continued, "We believe this patent will position us well to target a quickly growing market segment that not only benefits our company but could be a significant contribution to the 'green' initiative." "Both these patents are available for licensing," Wemett stated.
"I'm still looking for a moderator thanks."
Me, me! Pick me!
Blah, blah, blah:
$36 Million Deal for New High Energy Woodchips for Green Energy Resources (GRGR); Super Woodchip Superior to Coal
GOTHAM, April 12, 2010
GLOBE NEWSWIRE
Green Energy Resources (Pink Sheets:GRGR) received 2 new orders for high energy woodchips valued at over $36 million. The super charged woodchips produced in excess of 16,000 BTUs in lab tests and up to 19,000 BTUs at 0% dry. The woodchips are equal or better than most grades of coal without the carbon emissions. The tests were conducted by an independent 3rd party international scientific testing agency (SGS) and the U.S. Forest Products Testing Laboratory rated the woodchips among the highest in North America. The contracts are contingent on successful trial orders. The woodchips will be shipped from Texas in the 2nd qtr.
2010 Hurricane Season
7 land falling hurricanes are predicted for 2010 according to the U.S. Storms Prediction Center. Green Energy Resources is making preparations to obtain as much volume of wood as possible from any storms that hit the U.S. mainland. Discussions are currently underway with FEMA contractors. Green Energy Resources is looking to secure upwards of 5 million tons in 2010[via that well-known source of high quality wood chips, www.texashuntfish.com]. The volume would make Green Energy Resources the largest supplier and source of energy feedstock in the United States. The wood will be used for several export markets, the largest of which is India. Green Energy Resources received an LOI for up to 7 million tons, valued at approximately ½ billion dollars annually, from India last fall. Green Energy Resources is waiting on power plant retro fits to begin making shipments which are expected to be completed at any time [color=red][sure they are Joe, sure they are].[/color]
Eco-Green Coal
In 2005, Green Energy Resources developed an exclusive concept and product to promote co-firing, a premixed blend of biomass with coal. The U.S. market was not ready in 2005 to commence co-firing and was scoffed at by one of America's largest coal producers. Finally, in 2010, US trial testings at coal power generators are getting underway. Green Energy Resources has found a [color=red][anonymous][/color] European partner to develop and produce the product in the United States. Two locations are being currently considered.
Even the historical "information" contained herein is suspect, the statements in this release that are forward-looking statements are complete fabrications that are not even remotely protected by 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 company's actual results in future periods to differ materially from forecasted results, especially as our CEO, Mr. Joseph Murray is a congenital liar who files false accounts and makes up stuff for his PRs with the express intention of misleading current and potential "investors", otherwise known as "marks". 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 - and the aforementioned fact that our CEO is a certified sociopath."
CONTACT: Green Energy Resources at The magic Kingdom
Joseph Murray
The 10K pretty much speaks for itself:
Continued unprofitability:
"As shown in the accompanying consolidated financial statements, the Company incurred a net loss for 2009 of $1,507,190 and had negative working capital of $5,960,528 and a stockholders' deficiency of $5,906,179 at December 31, 2009."
Going concern warning:
"Since inception the Company’s growth has been funded through combination of convertible debt from private investors and from cash advances from its former parent and majority shareholder Technology Innovations, LLC. These factors, among others, may indicate that the Company will be unable to continue as a going concern for a reasonable period of time. The Company's continuation as a going concern is dependent upon its ability to generate sufficient cash flow to meet its obligations, to obtain additional financing and, ultimately, to attain successful operations."
Sales revenue actually down 2009 vs 2008:
"During the twelve months ended December 31, 2009 and 2008, the Company recorded $81,045 and $271,844, respectively in revenue for samples, products and funded development. The decrease in revenue of $190,799 since 2008 resulted from a decline in orders and shipments of sample products from funded development."
Deeply conflicted "love triangle" of Technology Innovations, NNAN's friendly toxic financiers Platinum and NNAN's sole employee continues:
"Our current Board member, James Wemett is an equity holder of Technology Innovations, LLC, which previously owned 56.3% of our outstanding common stock.
On August 21, 2008 the lease for the Company’s business offices was assigned to Technology Innovations, LLC, releasing the Company from the related obligations for that agreement."
Dilution of 42% during the year:
"Balance at December 31, 2008 67,007,045
Balance at December 31, 2009 98,882,045"
Mind you, given the number of shares they're authorised to issue, this number can grow a lot from there. And given that they use the shares as currency, they probably will (which means Platinum/TI can make even more money from legitimately shorting them. And doubtless will.)
More good news. NNAN is no longer delinquent with its 10K:
NaturalNano, Inc. Announces Filing of the Form 10K for the Year Ended December 31, 2009
ROCHESTER, N.Y., April 12, 2010
GLOBE NEWSWIRE
NaturalNano, Inc. (Pink Sheets:NNAN) (Frankfurt:N3N), a developer and marketer of extended release technologies and industrial supplier of polymer additives based on naturally occurring nano materials, today announced the filing of its Annual Report on Form 10-K for the year ended December 31, 2009.
In 2009, the NaturalNano team continued progress on a range of promising development projects with Fortune 500 companies. Highlights include NNAN delivering its initial commercial order to worldwide leading private label cosmetics manufacturer Fiabila for use in its nail polish products. Fiabila is committed to use NaturalNano's environmentally friendly Halloysite Natural Tube (HNT) technology for the foreseeable future. NaturalNano shipped another order of special HNT materials during first quarter 2010. These nail polish products with HNT are available at Wal-Mart, CVS, Target, and Walgreen's under the Sally Hansen Brand.
"We are particularly pleased to have achieved the realignment of the business and begin the turnaround in 2009 while reducing our operating expenses by $4.2 M. Going forward, we continue to see that the recession does not seem to be hindering the high level of company contacts we are receiving," said James Wemett, CEO of NaturalNano. "We continued to sell samples in 2009 into 2010 and are receiving modest revenues from the ongoing feasibility work. We are confident that the core business is now stabilized and look forward to making significant progress in 2010."
CEO Wemett continued, "We also intend to continue our efforts to expand our business opportunities by identifying technologies for an acquisition that complements our core business. Our goal in 2010 is to be a well respected nano solution company with increasing revenue and profitability. We remain appreciative of the support and the patience of our investors and are working hard to repay that support by increasing shareholder value."
This, for comparison, is the PR that accompanied 10K filed in April 2009. Spot the differences:
ROCHESTER, N.Y. – April 16, 2009 – NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N), a developer of extended release technologies and supplier of polymer additives based on naturally occurring nanomaterials, today announced the filing of the Form 10K for the year ended December 31, 2008.
In 2008, The Nano team worked on various development projects with Fortune 500 companies. Fiabila’s commercial order, announced April 14, 2009, is a result of our team’s development efforts in 2008 and is a validation of our core technology of extended release in consumer products. These technologies are unique to NaturalNano and covered extensively by our patent portfolio. One of strategic focuses for 2009 is the conversion our joint development partnership arrangements into commercial orders. We will also be looking for opportunities to license our extensive patent portfolio in product application areas. Our current patent portfolio is displayed on our website (www.naturalnano.com). During 2009, we will be working to strengthening our management and research teams as we continue to seek commercialization opportunities for our unique proprietary technology.
“The recession does not seem to be hindering the high level of company contacts we are continuing to receive”, said James Wemett, CEO of NaturalNano. “Companies are paying more attention to our specialized technology of halloysite tubes which are natural occurring, non-toxic, and environmentally friendly and importantly, are not carbon based. There is a growing awareness and interest, across numerous industry applications, of our extensive patent coverage in the extended time release area.”
I'll post some "highlights" from the 10k shortly.
"So hey, we agree today!!"
Heavens to Murgatroyd, guys, get a room!
Here is another dispassionate look at the Feuerstein/Generex situation:
http://pipeline.corante.com/archives/2010/04/07/generex_and_their_insulin_spray_just_hype.php
On boards like this (and AGEN would be another example)Feuerstein gets a bad press.
I think that's because people don't like to suffer from buyer's remorse, and therefore cognitive dissonance takes a firm lead over rational thought.
And someone will always pull up the odd occasion when he's been wrong.
But the fact of the matter is that he's far more often right than wrong. In fact, look at AGEN. Look at DSCO. Look at ABPI.
And he seems to be right about Generex and its Indian approval too.
Which makes me wonder why everyone wants to discount his views on HDVY:
http://www.thestreet.com/story/10683805/1/biotech-stock-mailbag-health-discovery.html
"You can always sell and move on and then you'll be happy."
Ever see the movie "Bad Day at Black Rock"?
I always wonder why any slightly enquiring person visiting the message boards of stocks like HDVY is treated in just the same way as John Macreedy in the aforesaid film.
Today's leading candidate for the fiction prize for 2010 (bound to be won by one of Joe's PRs, question is which one?):
"Green Energy Resources Moving to San Antonio, Texas; 'GRGR' to Represent African Rubber Tree Growers
SAN ANTONIO, April 7, 2010
GLOBE NEWSWIRE
Green Energy Resources (Pink Sheets:GRGR ) is moving to San Antonio, Texas. Texas remains the U.S. energy capital and San Antonio enables the company to expand, manage, develop and ship orders of its new high 16,000 BTU energy woodchips out of first rate gulf coast ports. The high energy woodchips can replace coal at about half the cost of coal. In addition, Green Energy Resources is seeking to set up the largest scale carbon offset forestation project in the United States working with south Texas Ranchers. The high energy chips are the way of the future for both the U.S. and European markets, according to Green Energy Resources CEO, Joseph Murray. Green Energy Resources plans to shift its entire operations to San Antonio but will retain its New York City address.
The Next Great Energy boom is woodchips. 1 billion tons needed.
51% of all U.S. electric power is generated from coal. The U.S. consumed approximately 965 million tons of coal for electricity in 2009 (down 10% from 2008). Co-firing at a 10% blend ratio (woodchips or pellets) will require approximately 100 million tons of new woodchips to meet demand annually. Over the next 10 years, that's 1 billion tons of woodchips. The demand does not include wood required for direct burn biomass plants (also increasing in number) or other utilizations such as wood ethanol or gasification. Green Energy Resources has been positioning for the U.S. market for 6 years developing a delivery supply network. Coal will become increasingly more expensive as mines in Appalachia are already being tapped out, creating even greater opportunities for wood in energy.
LIBERIA, Africa
Green Energy Resources has agreed to represent rubber tree plantation owners looking to rotate their trees. "GRGR" is offering 10,000 Hectacres of rubber trees for energy to global buyers. The plantation owners are a start up operation in
terms of biomass and need to obtain financing for chipping equipment to begin production, likely to take around 6 months. The company is offering a million tons over a 5 year harvest period.
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
212 730 1496
joe.murray@greenenergyresources.com
www.greenenergyresources.com"
Liberia, eh? Anonymous group of plantation owners, eh? Wonder how Joe came across these guys?
Still, I see Joe was so moved by the Texan hunting community's response to his urgent plea for woodchips -at "top dollar" prices, natch - that he's moving the whole operation down to San Antone.
Given that Joe claims to own most of the North East Seaboard with his extensive shipping operation in NJ and beyond, that's got to hurt his transportation costs.
I'd also repeat my remark from yesterday that the Texas demographic doesn't necessarily take kindly to be conned by snake oil/wood chip salesmen, and Joe needs to watch his back in those parts, where concealed gun ownership is virtually an essential requisite for full citizenship.
Seriously, though, I wonder what it is that would prompt SEC to do their job, close this transparent scam down and put Joe behind bars where he belongs?
I wonder why some posters on the subject of FASC, that is those who object to any opinion that FASC stock may not be the next Microsoft, are always so keen
1) to limit your response before you've even had time to answer the question "Please don't give the standard ..... response."
2) always to imagine that the person they're interogating will claim philanthropy as their motivation (""Saving the world from FASC") as if it was inconceivable that anyone could have motives other than personal gain for posting on MBs such as these
3) that such contrary voices should go away and leave the stock's supporters to promulgate their views unopposed? "Why do you keep hanging around here???????"
I can only begin to imagine what the reason might be.
In the meantime,if I had a penny every time I'd been asked why I post on a message board such as this, together with another penny for every time it was (wrongly) assumed my reply would be about helping people before I'd even had time to answer, why, I could have bought several thousand FASC shares.
Thankfully, I'm smarter than that. Oh, and I didn't get a penny each time anyway.
"On GNBT board, they said HDVY had been attacked in the past by that Adam Feuerstein guy at TheStreet. Is that true?"
No. He wrote a factual account of HDVY's prospects and of the hype surrounding those prospects.
However for the HDVY true believer (or paid supporter, for that matter), a factual account is the same thing as an attack.
In any case, judge for yourself:
http://www.thestreet.com/story/10683805/biotech-stock-mailbag-health-discovery.html
"Our conversation on that yahoo MB apparently is being called "paid pumping" by this board."
No, it wasn't called "paid pumping". I speculated as to whether or not the paid pumpers who used to operate on behalf of Natural Nano's behalf
(or more accurately on behalf of privately held companies Technology Innovations and toxic financiers Platinum, both of whom used Natural Nano as a mechanism to siphon off cash from a public company into private pockets)
on both the Yahoo! and Raging Bull message boards had staged a comeback. If that speculation is unfounded, then I'm pleased.
"I am honestly inquiring about how you decided that NNAN is a scam?"
Here's a place to start:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35742199
Another question you can ask yourself is why Natural Nano conspired with Atlas Mining's previous management, now definitively proven to have been crooks, to announce the completely fictitious purchase of halloysite clay. The answer to that one isn't too difficult, once you know the MO of TI and Platinum (and Iroqouis for that matter).
A tip of the hat to Jerseybair over at Yahoo!, who has revealed Mr. Murray's source of wood chips:
http://www.texashuntfish.com/app/forum/29052/BUYING-Mesquite-woodchips-and-other-woodchips/Let-s-Talk-Texas-Outdoors-Classifieds-Buy-Sell-Trade;jsessionid=512B6104D7F4401FD2702B1414AB5D35
Yep, Joe's multimillion dollar export business and associated International Rescue activities are dependent on replies from other subscribers to that well-known hive of commercial activity, that vital world center for commodities trading, that social networking site beloved of ambitious entrepreneurs, I kid you not:
Let's Talk Texas Outdoors
Frankly, given his track record, I'm surprised Joe willingly consorts with a community that probably boasts a higher proportion of gun ownership than most.
Given that he's a fraudster who has deprived many of thousands of dollars through his lies, false accounts and dishonesty, I would have thought that was tempting fate just a shade too far.
"Guess people just don't understand"
Legendary investor and all round Capitalist hero (and I mean that as a great compliment) Warren Buffett once said:
"If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy."
When folk are investing, as opposed to trading, in penny stocks, they need to think about that maxim.
"I would like more information on why prior efforts failed."
Because there were no prior efforts.
Once Biophan paid for some of the Myovad device (one of its several names during its protracted existence), and took it under its wing, all development stopped. if you research the product, you will see that all the animal work and the famous Bonnie work all took place before the rights were acquired by Biophan. Nonetheless, Biophan's "management" raised several million dollars on the pretext of paying for new research, much of it from toxic finance on crippling terms.
Then they gave this money to a shadowy group of Rochester insiders, including Technology Innovations, a LLC set up with the primary intention of stripping all the assets from public companies such as BIPH and NNAN, and giving it to corrupt figures such as Michael Weiner, BIPH's first CEO. He touted (false) insider information on MBs such as this, and ultimately bought himself a lavish mansion - and expensive private back surgery- on the proceeds.
His right hand man and successor, John Lanzafame, pulled much more than a million in salaries and bonuses (all while the pps went to hell in a handbasket), while paying the same shadowy group several millions dollars(of shareholders' money, natch) for the total rights to the Myovad device. When finally the shareholders rebelled and cut off the toxic finance well by refusing to sanction MegaDiltuion, he then sold the rights that he had paid those same millions for, to a new company-MyoCardioCare -CEO? One John Lanzafame, for next-to-nothing, and rewarded message board loyalist tetrahedron (aka Max Bialystock aka Marc Bielski), who would hear no ill of BIPH's fine management, with a Directorship of MCC.
They will never develop the newly christened MCC3000 device, but they will use it as an excuse for fundraising.
Then, history teaches us, they will steal those funds and use them to enrich themselves.
It would certainly pay to do some DD before "investing" in BIPH, or the inevitable floating of MCC.
And if you do that DD, then you certainly won't want to throw any money away on this stock.
Call me unreasonable in my expectations, but aren't timelines supposed to include, well, timelines? You know, dates and other things that indicate when these things will be achieved?
At the moment they're conspicuous by their absence.
I love the way that "Formation of MCC" is included in the past development program, as if it was always planned to sell off an asset - one that had been valued at over ten million dollars - for a few thousand bucks to BIPH's own managers and to insider Max Bialystock aka Marc Bielski.
Almost as if it was part of a carefully considered strategy!
Actually, come to think of it, it probably was part of a carefully considered strategy, to ensure that what few assets Biophan shareholders still possessed were siphoned off to the worthy chaps running Biophan who had already who turned it from a $3 pps to a 1 cent stock while running through in excess of $20 million of shareholders' funds.
Well done chaps in charge of Biophan!
Some posters still think you're great (but I'm not one of them as you may have surmised).
"You're causing me to be more bullish on FASC."
With respect, history has taught us that there's literally nothing that doesn't make you more bullish on FASC, to the extent that's it's difficult to imagine anyone more bullish.
So I can't say I'm surprised that you remain a avid fan, even though as I've demonstrated, over the years FASC has shown itself to be a very bad investment indeed.
"FASC pps has been starting a climb in combination with its increasing sales.
Thanks for pointing that out for us. "
Your thanks are misplaced - I didn't highlight that in my post. Normally you read my posts carefuly (presumably to ensure they adhere strictly to the iHub ToS, and a good thing too) so I'm surprised you read something that wasn't there.
I in fact referred to FASC's unfortunate history, which while having the occasional (lower) peak among the troughs, on a scale of years rather than months shows an inexorable decline.
For example this day ten years ago, the FASC pps was 45 cents.
Five years ago it was 3.7 cents.
Today it's 2.6 cents.
I always think investments should be gauged over the long term, not days, weeks or even months.
Of course, trading is a different matter, but I don't pretend to be a trader, and I don't think most FASC longs do either.
I would like to ask some posters if in fact it wouldn't it be kinder and a better way to provide an education for the young (for example children, godchildren or others who we would like to see offf to a good start in life) in the perils of penny stock "investing" to show them your FASC statement for the past several years, and ask them to work it out for themselves, rather than to encourage them to invest in the stock personally?
And as for promoting FASC stock via Facebook, (apart from the legality or otherwise of providing stock investment advice on a public forum like social network sites) I do hope any posters doing so disclose what a terrible investment FASC has been historically.
I know misery loves company, but I do wish some posters would have more sympathy for their intended targets.
And a final quote pertinent to FASC and messages about FASC on this very MB:
"It is error only, and not truth, that shrinks from inquiry."
There seems to be a misapprehension over at the Yahoo! MB for Natural Nano - apparently a couple of posters over there think NNAN may be a bona fide nanotechnology company rather than the transparent scam it is in reality.
Now, there's every chance that in fact they are simply paid agents for NNAN's puppetmeisters trying to drum up some business from unsuspecting passers-by; after all, that was NNAN's standard modus operandum in the past.
On the other hand they might be genuine individuals who are going to lose everything on this Rochester mafia scam.
My question is, should we warn them?
What do others think??
A new low......
even for Joseph Murray who on previous occasions has plumbed some pretty low depths, attempting to make money out of the gravest of misfortunes. As a card-carrying pantywaist liberal, I used to blanch at some of the more intemperate threats of physical violence that are periodically offered to Mr. Murray over at the Yahoo! MB, but I'm beginning to sympathise with some of the more extreme measures proposed:
"Green Energy Resources (GRGR) Offers Emergency Fuelwood to Haiti; Seeks Green Partners
NEW YORK, March 11, 2010
GLOBE NEWSWIRE
Green Energy Resources (Pink Sheets:GRGR) is offering to deliver shipments of fuelwood to Haiti; 75-80% of the population uses wood for energy, including for cooking and heat. Most citizens have no access to the power grids. Fuelwood is one of the highest priority items as a result of the earthquake. Green Energy Resources is seeking private, government or UN, sponsors from the US or around the world to partner with in the supply and transport of fuelwood to Haiti. Green Energy will coordinate sourcing efforts from around the United States, including big cities like NY, Philadelphia, and Washington DC that can help by donating storm damaged wood they cleaned up this winter. All sources and locations are welcome. The wood must be chipped clean and delivered to a barge or ship loading facility. Sponsor funding will be utilized to defray ship transportation, import duty and labor costs. Green Energy Resources could supply upwards of 1 million tons (about $50 million) over the course of 2010 to assist in the recovery efforts. The initiative is solely Green Energy's and not part of any established relief effort. Green Energy Resources is an environmentally friendly company working to protect global forests, not cut them. The company sources its wood from storm damage, urban wood waste streams, tree farms and recycled wood."
Firstly those of us who have studied GRGR's history know this is simply a lie. It has shown itself incapable of shifting even a container or two of wood chips from NJ ports; a logistic exercise on this scale is way beyond it, even if it weren't in reality merely an attempt by Joe to move his pps up a cent so he can dump a few million more of his (almost literally) infinite float.
Secondly the issue with any relief effort in a situation such as that in Haiti is not about supplies, but about co-ordination. The more separate parties that get involved ("The initiative is solely Green Energy's and not part of any established relief effort")the more complicated and likely to fail the position on the ground becomes. If this PR were true, it would likely make things much worse.
In reality, of course, it's simply a tawdry, disgusting and immoral attempt to make fast bucks on the back of other people's suffering and misery.
No wonder amoral hucksters Joseph Murray and "terryhallinan" are such staunch allies.
"I think they are still trying to squeeze out some sellers, and are having a difficult time of it. (Which would make sense to anyone following this company)."
Actually it makes no sense to me at all, and I do follow this company, for reasons I've rehearsed (on request, I should add) many times.
Call me irrational, but I just don't buy this evil-market-makers-trying-to-bilk-true-FASC-longs conspiracy theory.
More likely FASC is just a badly run company that flounders around in the single penny range because that where it deserves to be. Period.
Jeez, Joe, at least try and keep your lies consistent with each other.
From an earlier press release:
"Green Energy Resources averted major debt in 2009 by obtaining loans against its letters of credit."
From today's work of fiction:
"No debt".
Quite apart from Joe's earier financially illiterate contention that he had "averted debt" by "obtaining loans", there's something of an obvious discrepancy here.
The reason that the GRGR share price suffered during 2009 is not because it "was adversely impacted in 2009 via a 504 to raise capital that diluted share value" or even that "The Company fell behind in updating its financials in 2009".
It's because Joseph Murray is a criminal running a criminal conspiracy to defraud private investors and people are now beginning to realise this fact.
We learn that the mythical new order is allegedly "loaded on a freighter bound for Europe".
I wonder to what part of Yoorp the new woodchip order is being shipped?
Perhaps Traflagar [sic] Square where Joe has falsely claimed GRGR has an office?
Maybe to Sweden, an order doubtless given to Joe for what he claims was his heroic single-handed redemption of the troubled Swedes when they ran out of essential supplies and were rescued by him last year (I'm not making that last bit up, I promise. Joe is though: http://www.prnewswire.com/news-releases/green-energy-resources-develops-breakthrough-heat-treating-methodology-for-woodchips-signs-a-50-million-export-supply-contract-and-undertakes-emergency-supply-mission-using-icebreaker-ships-to-rescue-northern-scandinavian--town-65738022.html).
If the SEC or State Securities bodies could ever be bothered to look at Green Energy Resources, Mr. Murray would certainly be found guilty of wire fraud. He's also guilty of manufacturing false accounts and press releases.
No wonder Mr. Murray's fan club includes the Internet's most dishonest and unethical stock promoter, "terryhallinan".
Looks like our brand new management intends to go into compettiton with that well-known penny stock scam, Natural Nano, as you can see from the PR below.
I have a couple of problems with this.
The first is that there is no significant demand at all for Natural Nano's Pleximer product, which incorporates a very similar additive to Dragonite.
The second is that I'd like to think that the company formerly known as Atlas Mining was being run as a mining company, not as a business-to-business seller of polymer additives derived from assets they may or may not be able to mine from their propoerty Dragon Mines.
I'm glad I didn't buy any AMNL stock.
At best this is a severely misguided attempt at business diversification. It could also be a a tactic designed to keep investors on board while the insiders milk the stock, and indulge in illegal activities.
That's what "Jake" used to do.
I'd hoped for better from the new management.
Applied Minerals Inc. Introduces Dragonite™ to the Polymer Composite Market
Date : 03/01/2010 @ 6:30AM
Source : Business Wire
Stock : Applied Minerals Inc. (AMNL)
Quote : 0.75 0.0 (0.00%) @ 8:04AM
Applied Minerals Inc. Introduces Dragonite™ to the Polymer Composite Market
Applied Minerals Inc. (OTCBB:AMNL), a leading global producer of Halloysite Clay, is pleased to announce that it has completed trials incorporating its Halloysite Clay as a drop-in additive for reinforcement in polymer composites. As a result of these trials, the Company has filed a Provisional Patent Application with the USPTO for a novel method of producing a halloysite-polymer composition that (i) eliminates two costly steps typically used in the compounding process and (ii) produces improved properties to other polymer composites reinforced with (a) Halloysite Nanotubes utilizing other composition methods, (b) chemically treated MMT Organo/Nanoclay and (c) certain traditional fillers. Examples of these property improvements are identified in the table below.
Properties of Reinforced Polypropylene Homopolymer With 10% Filler
Specific Values (Value/Density) Halloysite Using AMNLProprietary Method MMT Organo/Nanoclay Tensile Strength, psi 6400 5615 Flex Strength, psi 8429 7429 Flex Modulus, tangent, kpsi 329 340 Notched Izod Impact ft-lb/in 0.73 0.63 Applied Minerals intends to market its line of Halloysite products under the Company’s DragoniteTM brand name. The DragoniteTM line will consist of different grades of Halloysite Clay products tailored to enhance the property performance of each target application, in a cost competitive manner.
The DragoniteTM group of products is led by its first offering, Dragonite-XRTM, a drop-in additive specifically engineered for polymer reinforcement. Composites formed with Dragonite-XRTM exhibit not only high stiffness but also high tensile and flex strength, all with a low density and retained toughness. The Company is currently exploring joint development opportunities with compounders interested in producing a line of polymer composites incorporating Dragonite-XRTM.
According to Andre Zeitoun, CEO of Applied Minerals, Inc.: “We believe that our Dragonite XR™ Halloysite Clay product, combined with our patent pending method of compounding, provides the polymer composite industry a large-volume production of high-performance, eco-friendly material with a cost-performance ratio that enables the manufacturer to compete favorably with traditional fillers. In addition to the polymer industry, we are making great progress with our product development engineers demonstrating the benefits of Dragonite™ products for various targeted end market applications. We anticipate launching new product datasheets in the near future.” Advantages of Dragonite XRTM in Composites
Lower density than conventional fillers results in reduced weight of finished products.
Naturally exfoliated morphology provides ease of dispersion at loadings up to 40% without a need for organo-treatment. This results in lower raw material, mixing, and quality control costs compared to organo clays.
Increases both the stiffness (modulus) and strength of composite with minimal changes in impact strength, weld line strength, and viscosity.
Improves fatigue resistance and drop impact resistance compared to chopped glass fibers.
Acts as a nucleating agent with 8°C increase in crystallization temperature, even at 1-3 wt% level, resulting in faster cooling and cycle time.
Improves thermal stability: 20°C increase in the decomposition temperature in TGA.
Increases time to ignite, reduces peak heat release rate, and improves char density when added at 5-10 wt% with other conventional flame retardants.
Lower shrinkage than organo clay and lower warpage than chopped glass fiber and mica.
Increases stiffness and toughness of thermoset compounds.
Tubular morphology enables the entrapment of active agents followed by their controlled release at predetermined rates.
Halloysite is an inorganic material that is non-toxic and biodegradable.
Lower cost than organo clay.
A detailed marketing brochure for Dragonite-XRTM is available to interested parties on the Company’s recently launched website www.appliedminerals.com.
Some posters have indeed responded to my question about their expectations for the First American Scientific Corporation 10Q expected imminently.
I was, however, also interested in the expectations of some posters who haven't yet replied to see if they share the "my stock, right or wrong" attitude that some posters seem to have, or if instead they will not be pleased if the past record of non-profitability and unfulfilled potential continues forever.
Presumably there must be some FASC longs who have set standards that they expect the custodians of their FASC investment, the current management, to achieve beyond merely repeating the failures of the past few years?
"Will be interesting to see if the 10Q gives any connective clues as to his purchases and changing developments."
All of which reminds me: with which (prospective) measures will FASC longs be judgung the forthcoming 10Q?
Sales revenue? If so, what's a reasonable range to hope for?
Profit? Presumably any would be considered a good omen, albeit one that's been missed consistently in spite of forecasts from some posters to the contrary.
Number of KDSs sold and booked as sales? (Or will machines placed on trial, or intentions to buy be judged as adequate as they seem to have been previously?) What's a reasonable expectation? 6? 4? 2 (again)?
JVs and parnershipos created and consummated? How many? Which do you expect news from, and what kind of news?
It's important to monitor one's investments and adjust one's position according to actual performance versus a reasonable set of targets, I find.
Just holding on to an investment desperately hoping that one day it will come good, is not only a very bad investment practise, it's bad for the psyche too.
And it encourages grifters and scam artists, who know they can get away with stuff they really shouldn't be allowed to because no one will hold them to account..
"Note that they will never respond directly with any detail about any of the specifics of FASC information that we provide"
I have often been very detailed in my analysis of the "specifics" posted here.
For some reason these detailed posts tend to disappear within seconds, although I note some of them got recycled yesterday (they even have a nice colored logo next to them, to show how Green they are)- even without the benefit of one of FASC's legendary KDS machines.
I have to say that I don't set as much store as some posters have said they do do in trawling through the Internet searching for each and every mention of the legendary KDS.
I still believe in the quaint notion that a shareholder's management should keep that shareholder informed spontaneously, without the shareholder having to scrape, second guess and generally practise divination in order to guess what might be happening. After all, it is the fidiuciary duty of the shareholder's employees at FASC HQ to keep them informed.
The second reason I am unimpressed by unceasing eforts of others to find something good to say about FASC is precisely because that it what it is - an attempt to find anything that can be interpreted as favorable to FASC.
To ignore all the negative stuff, like their association with the fraud perpetrated by ALMI and NNAN, like the fact that certain of the company's officers hide behind their foreign nationality to avoid their reporting responsibilities to SEC, like the fact they promise things (name change anybody?) that never materialise and that they are desperately poor at communicating with their shareholders - even, it seems at returning phone calls with any regularity seems foolish -positively dangerous in fact.
And to overlook the small fact that their business model fails to achieve profitability even after all these years seems to take selectivity to a perverse level.
If what few positives can be found are accentuated, all the warning signs are ignored ,then inevitably someone will receive a very unbalanced picture of FASC.
I believe the unfortunate way things have turned out for FASC longs, as opposed to the predictions for success that have been made on this MB for years, is illustrative of this inconvenient truth.