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BERX Quarterly Report
Oil & Gas Revenue for the quarter = $25k
Operating costs and interest expenses for the quarter = $1.8+ million
In June 2012, the Company acquired the N. Edna field for total cash consideration of $200,000. The single well in the N. Edna field was not producing at the time of purchase.
As of September 30, 2012, the Company has accumulated losses of $9,463,413 since inception and negative working capital of $875,653
The company has a number of convertible debt notes, too numerous to mention, but can be found here: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8926333
GTSO Quarterly Report Out:
O/S shares increased by 4.5 million to 35.7 million total
Physical assets of any kind (mining, etc) = $0
Revenue = $0
Cash = $5277
Stockholder deficit = $620,901
On October 1, 2012, the holder of the $517,673 Convertible Note Payable assigned principal in the amount of $135,000 to three entities ($45,000 each). On October 15, 2012, the new holders of the $517,673 Convertible Note Payable elected to convert principal in the amount of $135,000 into 4,500,000 shares of common stock - in other words, this toxic debt conversion was done at $0.03/share
On October 30 2012, we entered into an agreement to acquire Global Cell Buyers, LLC. Global Cell Buyers was acquired by GTSO Resources, LLC, for the purpose of expanding recycling and urban mining operations from cell phones to other electronic waste for the purpose of mineral recovery. GTSO Resources also plans to expand the brand name of Global Cell Buyers leveraging its parent operations Green Technology Solutions, Inc. The purchase price is $10,000 which will be paid $5,000 in cash and $5,000 through the issuance of 41,667 shares of common stock of GTSO. - I guess this means cash reserves are now down to $277?
We incurred a net loss of $1,176,905 for the nine months ended September 30, 2012, and had a working capital deficit of $494,310 as of September 30, 2012
Our monthly cash requirement amount is approximately $25,000, and as of September 30, 2012, cash on hand would fund operations for less than one month
Quarterly Report results:
Cash in the bank $1,588
Liabilities and stockholder deficit = $1,571,905
Outdated "Nature of Business" statement: National Clean Fuels, Inc., formerly National Wind Solutions, Inc., Telemedicus, Inc. and Lipid Labs, Inc., (“NCF”, “the Company”, “we” or “us”), has acquired and hopes to continue to acquire and commercialize technologies developed at major universities. We are traded under the symbol NACF.
Robotic assets = $0
Revenue = $0
The company has suffered cumulative losses since they re-entered the development stage of $27,361,847 and have a working capital deficit of $1,426,370 at September 30, 2012.
The company has a plethora of convertible notes outstanding, too numerous to mention but can be found here: http://www.otcmarkets.com/financialReportViewer?symbol=QUAN&id=94975
Subsequent events:
On November 1, 2012, the holder of the Convertible Promissory Note effective March 31, 2011 assigned principal in the total amount of $78,000 to two different entities. On November 7, 2012, those entities notified the Company of their intent to convert principal in the amount of $78,000 into 2,600,000 shares of common stock.
Get lost spammer
"With funding almost in place" - what kind of company commits to drilling without funding in place?
"The promising reserve estimates for both assets have FTTN predicting a highly successful 2013 for the company and its shareholders" - the reserve estimates are irrelevant without classifying them as "proven", "probable", "possible", or "unproven". The reserve estimates are also irrelevant without having any indication as to what their working interest (i.e. percent cost of drilling/operating) or net revenue interest (i.e. payout revenue interest) in any of their prospects. As this statement refers to shareholder value, we have no idea how FTTN intends to pay for these prospects as they only had $2,142 of cash on hand from the last financials.
Further note from the latest financials regarding its prospect in Calcasieu Parish, Louisiana: "The Company has paid $40,000 of its share of the costs of the well to date. The Company does not have cash on hand in order to fully satisfy its obligations under the Participation Agreement and is currently seeking additional required financing"
Wow - is this amateur hour? You are actually promoting the launch of a website that is not even complete and filled with gobble-de-goop and no IR products?: http://ircharger.com/product/solapad-for-ipad/#simple2
Tech Specs for SolaPad for iPad
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Annual report out (and it ain't pretty...):
O/S increased from 45 million (post stock split) to 62.250 million !
This increase was attributable to: On December 6, 2011 the Company received $34,500 in exchange for 17,250,000 shares of common stock, at a share price of $0.002.
Comical change in business focus - originally slated for Prenatal-Postpartum Supercare Centers - now into supporting that business line by promoting a new line of vodka (really?? - I can't make this stuff up!)
As of July 31, 2012, we have one employee (Cindy Morrissey) - She will be paid $10,000 per month ($120k per year) for her services to the Company.
On July 20, 2011, we issued 45,000,000 shares of our common stock to our sole director and officer (Morrissey) at $0.0002 per share for aggregate proceeds of $9,000.
As of the date of this filing, there were three holders of record of our common stock. That just goes to show you that there are at least two suckers in this world.
The Company anticipates it will require around $500,000 to sustain operations and implement its business plan over the next twelve months. The company has $1243 in cash assets.
The business address is:
495 GRAND BLVD., SUITE 206, MIRAMAR BEACH, FL, 32550
Coincidentally....this is the same business address for RBCC
"However, it will probably be shorted back to .05 soon enough..." - OUCH!
Symbol change to ASCCE due to delinquent filings: http://www.otcbb.com/asp/dailylist_detail.asp?d=11/14/2012&mkt_ctg=OTCBB
"DoMark Experience + Under-Performing Companies = Recession-Resistant Growth" - LOL, I never saw that - I guess one component of the equation is true "Under-Performing"
"DOMK Rescues the Good Idea??" - seriously - where do I begin to pick this apart....?
"DoMark is able to bring in the financial and human capital that so many startups need" - $29k in cash and one employee - that ought to take them pretty far!
"DoMark is focused on filling that gap, by carefully researching and acquiring private firms" - to date, the Company has not acquired any such firms (Solawerks Inc ("Solawerks"), Musclefoot Inc. ("Musclefoot") and Domark Canada Inc. ("Domark Canada") were newly formed subsidiaries - not newly acquired private firms). In fact, even more troubling is the $6 million DOMK has set aside for licensing fees for the Barefoot Science product (which captured a mere $4,593 in sales last quarter).
Seems like FTTN is getting into funding robotics now....lol...(OOPS!!):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81503547
Classic QUAN press release!:
"“FTTN is ready to begin the funding phase of the development,” said Quantum CEO Robert Federowicz. “We’re making good progress toward a deal, and we expect to announce a definitive agreement with CDS very soon.”
idiots.....
8 pages? I am surprised the company could fill up that much....
OBJE symbol and name change to OBJ Enterprises, Inc (OBJED) effective tomorrow with the 1:40 reverse split: http://www.otcbb.com/asp/dailylist_detail.asp?d=11/12/2012&mkt_ctg=OTCBB
WHAT??!?? No Power Hour today??!? cherrob - say it isn't so!
Not a single post after 2 solid days of several hundred posts??!? 12 trades for the entire day and down double digits - yikes - guess DOMK did not pay their marketing bill....
Nothing to see here... more along....
http://scrapetv.com/News/News%20Pages/Business/images-2/tumbleweed-through-ghost-town.jpg
To the various aliases of the serial poster(s) on DOMK (specifically: Pencanzington, Kirimi, RIPPER, tommyboyboy, jedijazz, ZipCash, geraldr, cherrob, mrbizzard, $$MAKING$IT$$, pivotpoint1) - with all the zeal and zest you guys hyped today, why such the poor showing and ending up in negative territory?? I thoought you were promising this was going higher?? Let me guess, was it the "evil shorters" trying to get cheap shares?
"DOMK Power Hour" - simply breathtaking, 5 trades totalling less than $1900....
This turd is going nowhere - 22 total trades for the day.
"It is our mission to become a leader in the emerging and ultra-profitable mobile device accessories market." - leading from behind is not gonna work, is it?
If the market was such an "ultra-profitable" market, why do the cost of sales exceed the revenue?
"Solawerks is positioned to capitalize on the evolution of global communications and information technology by working with the world’s most forward-thinking companies to develop and market exciting breakthroughs with the promise of long-term financial growth" - do you actually believe in this tripe?
Let's look at the facts:
The company has $29k in cash - not exactly "positioned to capitalize"
SolaWerks is not exactly one of the "world’s most forward-thinking companies" - in fact, their solar case products are available from a number of other reputable companies - one with real products already on the market, assets, and capital to support: http://www.google.com/search?q=solar+iphone+5+case&hl=en&biw=1422&bih=688&tbs=cat:2353,pdtr0:745984%7C745985&tbm=shop
Regarding "long-term financial growth" - DOMK clearly states in their financials that "the Company has inadequate working capital to maintain or develop its operations".
The prospects are rather dim, the company has ongoing lawsuits, a seemingly infinite amount of debt to "Infinite Funding", and a clear lack of direction, having just bit off $6 million for the licensing fee of Barefoot Science.
"DOMK is current with all filings" - only after being consistently delinquent on numerous filings and needing to file numerous revisions due to chronic mistakes:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8865477
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8799882
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8719768
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8339206
This whole mess on the 21 million restricted shares that became free trading is just the tip of the iceberg on this mess.
Those Pictures you refer to are of the old version of the SolaCase (iphone 4), which in fact never made it into consumers hands. The Company has been doing the old bait and switch by selling off an even older version of the product called the VOLT Case. The VOLT is leftover inventory from GSLO after they were suspended by the SEC.
More on the sloppy handling of the VOLT/SolaCase here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76556026
"SolaWerks leverages proven leadership" - SolaWerks is run by its sole employee, Michael Franklin. When you refer to his "proven leadership", let there be no doubt where he led at these SEC suspended companies:
EVSO: http://www.sec.gov/litigation/suspensions/2011/34-64612-o.pdf
GSLO: http://www.sec.gov/news/press/2011/2011-120.htm
ONYX: http://www.sec.gov/litigation/suspensions/2012/34-66262-o.pdf
for DOMK, is it "4th time is a charm?"
"I think the new case is pretty cool" - where did you see this new case that has yet to be released?
Be specific - what are the "Lot of things in the fire here"?
When does having a "cool website" turn into their "revenues exceeding their cost of sales and overbloated G&A"?
As a reminder to new investors, the restrictive legend on approximately 21 million shares has just come off:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73816036
SCAM ALERT!!! - clearly you are correct - the pump and dump is in full swing with nearly a 100 posts immediately following QualityStocks initial post.
For those gullable enough to actually consider investing in this stock, consider the following regarding these recent SPAM posts.
1. Several of these spam posts exclaim DOMK's business model includes Armada Sports - a division that was sold off long ago - clearly these spammers have no idea what the company does.
2. Several of these spam posts exclaim the 16% gain yesterday and profess the chart is turning upwards, and gaining momentum, blah blah blah. The reality is this turd has been on a downward spiral since the last pump and dump. the 16% gain was accomplished off a single trade of about $2800 to paint the tape at the end of the day.
3. QualityStocks clearly indicates that they are being paid to tout the stock - nothing wrong with that of course except that they fail to disclose their compensation when you visit their website.
4. This new SolaCase is in fact nothing new other than being reworked to fit the iphone 5. Clearly the financials show that their meger $20k in sales for the last version shows that this product is not exactly a hot seller. Those on this board that actually bought the older version in large part state that the product does not work and that the company will not honor refunds - not my words, but actual professed buyers of the product.
5. The prospects for the company are bleak. The sales of SolaCase are a losing proposition - the cost of sales exceeded the revenues ($23k vs $20k) - further more the company has an exploding G&A ($788k in the last 3 months ), and the company has further diluted the O/S by shelling out $6 million in licensing rights for Musclefoot (GOOD GAWD!).
6. Michael Franklin, the guy pushing these new SolaCases, has a clear history of running afowl in the penny stock world - one only has to look at his involvement with these three SEC suspended companies GSLO, EVSO, and ONYX.
"What $DOMK does: Domark International, Inc. owns and operates Armada Sports & Entertainment, Inc. Armada is a sports marketing company engaged in owning, developing and conducting made for television sports & entertainment events. Armada currently owns The Golf Championships, a series of unique competitions in the sport, known as The Million Dollar Invitationals, The World Putting Tour Championships, and the Celebrity Challenges." - gee....next time you get paid to spam a company, it might be helpful to know what they do (here's a hint - look at the financials....)
lol - yeah, someone killed their piggy bank to paint the tape at the end of the day....
"SolaWerks has taken into consideration voluminous feedback from many current SolaCase and SolaPad users in bringing its next generation products to the market." - would this be off of the voluminous sales for the 1st generation which totaled $20,345 on cost of sales of $22,976 (not including the $788k of G&A for the three months covering these sales)??
"The next generation SolaPad and SolaCase have been engineered to incorporate new features and capabilities designed to make Apple customers' iPhones or iPads much more powerful and functional." - yes.....functional would be nice this time around....
"Most of all, we are excited about our beta customer feedback and fully expect that the next gen models will be our most popular release yet." - LOL...those that bought the original GSLO made VOLT (after their SEC suspension: http://sec.gov/litigation/suspensions/2011/34-64612-o.pdf )....er...I mean DOMK made SolaCase .... are now dubbed "beta" customers...
QualityStocks - plesae update your disclaimer on DOMK so that we know how much your compensation is - much appreciated: http://www.qualitystocks.net/disclaimer.php
JOHNB3 - which "strong news" are you referring to? This company has no assets, no money, no mining expertise, and a history of broken promises.
"...they appear to actually do something and it involves tungsten..." - NO - they do not!
Regarding last week's "acquisition" of Global Cell Buyers (GCB), you do know that this is yet another sham company created by Kathleen Delaney out of their Houston office. GCB is run by Jammie Hawkins, a long time web developer for Delaney. Jammie has no such experience in running a cell phone buying/recycling program - in fact she does not appear to have ANY business experience.
The company is on the Grey Market - it is toast, never to return. Suggest writing off your investment for a capital loss on your taxes. My condolences on your investment....
thanks SOCOM - where could one find these other grants from institutions not shown in the financials?
From the financials (http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8782803 ), AMBS has received total grants of $370,716 from the MJFF. This money has already been spent on research. Adding in the $27,900 from the University of Mass, the grand total of $398,616 - well short of the "well over a million dollars" you claim. If there are other grants received that are not in the financials, please advise.
"AMBS HAS A CURE FOR Parkinson's disease !!!" - this is factually incorrect, sorry.
"They have millions of dollars in grant money coming in" - well...no, that is factually incorrect. From the 8-K, the University of Massachusetts will contribute only $27,900 to the Study: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8876987
The 8-K announcement is shown below. As an observation, this is the type of beneficial financing that AMBS needs to focus on instead of the dead end prospects with RBCC. This announcement does not make me a "raving fanatic" of AMBS as an investment as one should still be concerned about the $1.175 million loan they are in default on (as well as other vendor obligations), but nonetheless, I would characterize this as a positive step forward:
On 17 October 2012, Amarantus BioSciences, Inc. was awarded a Translational Research Grant award from the University of Massachusetts' Pioneer Valley Life Sciences Institute's Center of Excellence in Apoptosis Research (CEAR). With award of the Grant, Amarantus agreed to collaborate with the University of Massachusetts to conduct a study to exploit publicly available genomics databases to identify potentially new therapeutic targets for Mesencdphalic Astrocyte derived Neurotrophic Factor, or MANF-based therapeutics, and then validate those hypotheses in cell-based laboratory research, which could lead to the identification and patenting of therapeutic indications for MANF beyond what has already been reported. MANF is a protein that corrects protein misfolding, one of the major causes of Apoptosis, or cell death.
The collaborative agreement between Amarantus and the University of Massachusetts requires the University of Massachusetts to contribute $27,900 to the Study and Amarantus to contribute financial and in-kind support up to $61,000. Any invention made solely by Amarantus from the Study will belong to Amarantus. Any invention made solely by one or more employees of the University of Massachusetts will belong to the University. Any invention made jointly will be jointly owned by Amarantus and the University of Massachusetts. Should the University of Massachusetts obtain a patent on an invention it created from the Study, Amarantus has licensing rights under the terms of the Agreement between Amarantus and the University.
The collaborative agreement provides for cancellation by either party for a material breach of the agreement incurred for thirty (30) days after notice of a breach. The University of Massachusetts may also cancel the agreement immediately upon notice to Amarantus of termination of the Grant.