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What's the deal with EPRO? Is that thing still going to move forward? When are we getting that EPRO dividend everyone said we were getting instead of the forward split? Oh wait....... I forgot, this management is just a bunch of scumbags...... oh well.
True, and I am so glad to see proof of this deal, it's about time we got some (even if it's not from our management). However, I am now concerned about the discrepancy of when this deal actually took place as it certainly affects the trustworthiness of MEVT management. We were told by our management on January 5th, 2010 that they had already received an order for the new fire inhibitor from Bluwood Intl..... however according to Bluwood Intl they NEVER signed any deal for the fire inhibitor until May 11th, 2010. Someone is obviously lying, and if we are going on past records it's probably MEVT management again.
Additionally, Hartindo never claimed to be involved with Bluwood Intl. so why would we have even thought they would be involved with Bluwood Intl in any way shape or form like you suggested in your post? The issue with our other deal, Janus Products Corp., whom our management said we actually bought, is the one that is incredibly sketchy. According to our management, we own Janus Products Corp and they have begun to sell our MEVT fire inhibitor, however they are completely unreachable by any means necessary, AND Megola claims that Janus Corp is a distributor of their hartindo products rather than our MSE Enviro Tech Fire Inhibitor. Plus their website still says they are selling Hartindo.
We need some clarification on a lot of things from this slimy management still, but at least this news from Bluwood Intl is a start.
Always be wary of those who seem to have more knowledge about AWSL than what is made publicly available.
http://investorshub.advfn.com/boards/AboutIRPs.aspx
"IRPs are iHub Members considered to be an Investor Relations Professional. IRPs are professional businesspersons providing investor awareness, investor relations, or any other compensated promotional service or activity relating to a publicly traded stock. IRPs may be compensated by either the public company or some other interested party to provide those services, and include persons who are contracted by other IRPs. "
You may want to look to some of the other companies Trahan and Baldwin "run" in regards to why there is so little volume here even though they have been releasing tons of news that seems incredible. It should tell you something when they are releasing news that seems out of this world and yet the market isn't responding. They have quite a record of releasing news for companies that for some reason/excuse just never comes to be.
It has become more than clear that we have already clearly "seen" what will happen with this stock.
Someone said "We Shall See" over 7 months ago too...... the price is down over 90% since that last time someone said "We Shall See".
Will we see it go down another 90% in the next 7 months since someone has again said "We Shall See"?
What do you make of it?
There's an MEVT press release entitled "MSE Enviro-Tech Corp. Commences Deliveries of Its New Anti-Fire Product -- the MSE Fire Inhibitor" from 7 months ago http://ih.advfn.com/p.php?pid=nmona&article=40967107&symbol=NO^MEVT .
If we have ALREADY COMMENCED DELIVERY of our new fire product, why is there ABSOLUTELY NO EVIDENCE that this product even exists???? Let alone, any evidence that we have actually delivered it to anyone. Has this management been lying all along?
Just another pinkie bust........
Anyone else a little worried about the fact that we have supposedly acquired Janus Products Corp. according to an MEVT press release http://ih.advfn.com/p.php?pid=nmona&article=41210605&symbol=NO^MEVT, but it is impossible to reach Janus Products Corp by phone, e-mail, or any other means?
Does this company actually even exist? There's certainly nothing to support there existence other than a website. You can't even order anything from their website and you certainly can not contact them by phone or e-mail. What is our management trying to pull here? Could they have been lying to us all along?
Has anyone else noticed this disclaimer about MEVT on the MGON website?
Megola Inc. Disclaimer Regarding MSE Enviro-Tech Corp.:
MSE Enviro-Tech Corp., or any of its subsidiaries, partners or affiliates, has no claim or rights to the Distribution, Marketing, Manufacturing or Procurement of any Hartindo Anti-Fire(TM) Product. Any such claim, announcement or press release that infers otherwise is false. Megola is not under any litigation or judicial claims with regards to any prior agreements or engagements.
There is NO timeframe here, none at all, this is going nowhere, the management are all crooks, the price per share has fallen over 90%, the management left all their long shareholders in the dark without any news and without delivering on A SINGLE PROMISE they made to their shareholders (and they made A LOT OF PROMISES). No one still trusts these guys enough to invest their money in MEVT or EPRO...... one would have to be either delirious or just plain stupid at this point. Just another pinkie bust...... until proven otherwise.
In other news...... MEVT ask might have gone to $1.01 (due to market makers bailing), but the price is still in single digit pennies...... Hmmmmmm, that kind of tells us that the $1.01 ask meant absolutely nothing other than the fact that even the market makers know the stock is completely dead due to the fact that the management are a bunch of crooks. Just another pinkie bust......
Highly doubtful..........
If these guys actually had the miracle product they said they did and it was actually cheaper than the Hartindo products like they said it was, then we would have heard about it and sales etc. long long ago, and we would no longer be battling over the Hartindo rights anymore either. We would have left all of that behind us if we ACTUALLY had our own product like they said we did. Just more lies from this management.
What's even stranger is that it is impossible to reach Janus Products Corp by phone, e-mail, etc. I have tried calling numerous times and when you put in the extension (no matter which extension or department you put in) you are always told by a nice automated voice that they are unavailable and then disconnected. This management here has SOOOOOO much to clear up it's not even funny. I have a feeling this thing isn't ever going anywhere if the things this management has tried to pull in the past are anything to go on. This management has not delivered on ONE SINGLE PROMISE they made to us shareholders. Truly a sham.... oops, I mean shame.
What settlement are you referring to?
Sorry to hear about that Sky. I'm praying for a speedy recovery for you.
My bad, I shouldn't have used that word. It should have been exchanged or something else rather than sold, I misspoke. The Hartindo rights were bought from PCL (not MGON or Gardner individually) and the MEVT shares (the purchasing price for the rights) were given to PCL, not Joel Gardner individually or MGON.
What is interesting is that MGON was involved in this deal (but weren't the ones the rights were purchased from, that was PCL) because MGON already owned non-exclusive rights to distribute Hartindo in the United States (and exclusive in the rest of North America).
What is really interesting is that the so called "exclusive" rights (which is how it was termed in the contract) which were sold to MEVT weren't actually exclusive. This is because the contract also said that the previous deal between PCL and MGON (where MGON could distribute Hartindo in the United States non-exclusively) would still stand as long as it did not interfere with MEVT's rights to distribute the Hartindo product in the United States. If you ask me, that makes no sense at all because then MEVT's rights weren't actually exclusive from the very beginning and they knew it. It is very confusing and a horribly drawn up contract because it is very unclear. Here's the link (below) to the original Trilateral Agreement between MGON, MEVT, and PCL (which was in the EPRO 10k, just scroll down to Exhibits A and B and make sure you read the ENTIRETY of both exhibits).
It's also interesting that in the contract it says that the contract will not be made publicly available without the written consent of MGON and MEVT..... I wonder if MEVT (or EPRO) ever got the written consent from MGON to make this thing publicly available a couple months ago...... highly doubtful.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7185280
Not according to all the official documents and contracts. But, IF (huge if) MEVT can prove that they went to JG, then I guess they might have a case. However, all official SEC documents, filings, etc. clearly show that the shares were sold to PCL.
Thanks for the clarification. Why would the lawsuit have to be against Joel Gardner? The official documents (or at least press releases and filings) I have seen have all said the rights were bought from PCL (not Joel Gardner) and thus the shares were paid to PCL as well.
If Joel Gardner somehow got his hands on those shares personally through PCL (because he was on the board and they gave those shares to him or whatever happened) and then he sold them, doesn't that just put PCL at fault still? Something doesn't add up here. Either way it seems as though this Gardner is a complete scumbag, I'm just not sure anything can come from this since all the dealings were with PCL and PCL is now "disbanded".
Do all of these rules about litigation apply in Canada as well? And IF (big IF because you can't really trust these guys anymore) there is actually a lawsuit etc. occurring, could it be taking place in the Canadian court system rather than the American one?
In order for most of this board to actually believe there has been some sort of litigation taking place, I think we need to see some sort of proof. There never seems to be ANY proof of ANYTHING when it comes to this management here in MEVT. Hopefully, someone a little more savvy than myself can figure out some sort of proof of this legal proceeding (maybe e-mail Trahan or whoever and ask WHERE this "legal proceeding" is taking place so we can get some sort of document etc). Anyway, it's just a thought..... Good luck to all.
The e-mail seemed pretty clear, "The issued and outstanding shares is approximately 17m shares. I am not sure what A/S is." But who knows, I guess if we wanted to give them the benefit of the doubt we could just say maybe he was off by a million or so. But if you are receiving an e-mail from IR or management you would hope their statements in regards to OS etc. would be completely accurate. Who did you receive the e-mail from? Brent O'Connor, Trahan, or someone else?
BTW, thank you for sharing that with the board.
More excuses for this management. The excuses that are made for this management are really unbelievable especially when this management just throws it back in shareholders' faces. If we didn't see the red flags before, this is surely the time to see a red flag. Everyone kept saying the OS was unchanged etc. etc., guess what.... the OS was not unchanged, it increased. Perhaps a taste of things to comes.
EDIT: After I made this post, the post it was in response to was changed so that it was no longer ONLY trying to make excuses for this management. The change is appreciated.
I guess no one has any comments about the OS being recently increased here even if only by approx 1.1 million (see post #12606). I thought that the OS not changing was the thing everyone had been touting for so long with this stock...... UH OH, you know what that means...
What do you think about management increasing the OS to approx 17 million according to that letter? Dilution or something else? It can't be good, but then again at this point nothing is good with this stock. It really is a shame that management has let this stock go to waste, this had such potential when it was around 0.35-0.50 back in the early part of the year and end of last year. Oh well, what do you expect on the pinks.... we all should have seen it coming a mile away.
Didn't the last press release say the issued and outstanding shares was 15.9 million? Where did this new extra million plus shares come from? Is this the beginning of dilution (the last thing we needed at this point), or is this something else entirely different?
Without any transparency from this management, I think we have to assume the worst (especially with the previous lies and sketchy dealings of this management here in MEVT).
Here's to hoping the dilution has not begun.......
It went to .02, why wouldn't it go to .01? This is going to get there and all of the experienced investors around here know it (which is why most of them left long ago).
This management has done absolutely nothing for it's shareholders, there are so many red flags here it's unbelievable that some people still can't see them. It has nothing to do with diluting, it has everything to do with this management lying to shareholders and completely cutting them out of the loop.
I always find it interesting when some people decide to compare this stock to other stocks and justify to themselves and others how this isn't a scam or a bust just because there is no dilution. Guess what? This is its own stock with its own consequences and doesn't have to be a scam or a bust in the same way some other pinksheets stocks are (through dilution) to still be a scam or a bust. If you still believe this isn't a bust just because there's no dilution, then I feel for you.
This is pretty much just a complete POS now and will continue to fall unless this management decides to get off their ashes, become transparent, deliver on promises they made long ago, and start treating their shareholders with respect. They have A LOT of air to clear..... and until they do, we will continue to fall... the only real question is how fast and when will we fall below .01.
True, I guess .01 is the next one on the list. Once we hit .01 or subpenny, it is really going to sting. And you know it's coming eventually, anyone who has ever invested in the pinksheets knows it's coming sooner or later here. It is truly a shame what this management has done to its investors.
Right, just like we've been "waiting" on a forward split, and "waiting" on shares from EPRO, and "waiting" for updates on Janus and Bluwood Intl, and "waiting" on pretty much anything you can imagine.
That's always the excuse this IR and management like to throw out there..... and yet, look at what the stock price has been doing when we are supposedly "waiting". We hit .02 today, that's right 2 cents.
It's crazy to think that long ago this management was hinting at uplisting! This stock is unfortunately going nowhere... now it's official (if it wasn't before) and it's probably still going to go lower.
Notice that ever since that 1st big lie from management back in January (about a forward split which never happened) this has just steadily dropped and management has decided to completely shut its loyal shareholders out of the picture. I hate to say it, but this is just a sign of what's still to come...... lower and lower.
I feel your pain..... we all do here. This management has really screwed us all.
(yes, yes, know one needs to remind me that we ultimately pushed the buy button, I understand that. But many of us pushed it under some false pretenses.)
I apologize if this was already discussed, but what exactly did you file in regards to MEVT? TIA.
You don't need me to convince anyone that management is lying and this stock has been a POS (trust me no convincing of anyone is necessary). Just look at the facts, the PPS, and the press releases. Tell me what has come true that this management said would come true and tell me what the PPS has done..... No one needs anyone to tell them anything about this stock, the writing is on the wall and obvious.
Why is selling MEVT off at these levels BS? The company has given us no indication that they are still moving forward here and thus there is a very likely chance that this will be dropping even lower. Thus, why is it BS to sell off at these levels if this is probably going even lower and you may be able to buy in even cheaper?
This is BS though imho.
How low can this go? This was bound to happen sooner or later with the way this management was completely disrespecting its shareholders. I'm surprised it held up this long where it was with the blatant lies and lack of transparency from this management. I unfortunately predict that this baby is only going lower...... the signs have been there ALL ALONG. Here comes that tax-write off!
I completely agree with your sentiment that the MEVTers will get screwed in the deal somehow. It seems that if this management ever does move ahead with the product they have supposedly created (which at this point I seriously doubt), that it will be in EPRO alone and all of the MEVT shareholders will be left in the dust. Management doesn't seem to have any need or reason to include MEVT from this point forward.... Good luck to you Marnyen.
They stop BELIEVING the lies management is trying to shoot out their ashes, and they start demanding that this management steps up to the plate and delivers on the promises they made to their shareholders months and months ago. They stop making excuses for this management when it is clear that management is at fault.
I never said don't sell. I also never said to sell. You are putting words in my mouth again. Please reread my posts and be accurate if you are going to discuss what I have said on this forum....
I have always said that... reread some of my old posts... I've always said I hoped for the best and there was always hope....
Some of the events that you refer to as lies, I put into context and understand the rationale behind it.
There's always hope.... in every situation. The facts, previous lies, false promises, and incompetency from this management in MEVT point us to rationally believe that this management will not deliver, however, there's always hope.
BTW, I am making significant gains elsewhere, ask your friend bnfkdb4 if you don't believe me, because he has been making some of the same gains I have been making on other stocks. Thus, the tax write off I receive from MEVT (if it goes nowhere as I expect) will be useful for 2010.
On another note, it's interesting that you think I still qualify as a "new investor" in this stock when I have been invested in it since October 1st, 2009....