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Hunter6110,
And you forgot Ray Brown's infamous words in a shareholder letter in 2002 where he said "We're days away from pouring gold."
ROTFLMAO
midnite,
No.
knowles,
WRONG again...... REAL Judgment....
http://www.utcourts.gov/records/weeklyreports/current/dispjudge/weekly_judgments__jun25_2009-jul17_2009.csv
Look in the Salt Lake City District Court list, case #90904361.
fourkids,
"now .. unlike ronning .. i don't believe
every trade done on aerp .. was the co.
actually diluting .."
NEVER once did I ever say that the total trading volume in AERP was attributed to every share being a diluted share by Aero.
EarnestDD,
Looks like the Aero lawsuits are getting 'cleaned up'.
ROTFLMAO
Default judgment!!!!!
American Distribution Centers appears to be the shipping company that Aero used.
fourkids,
I really don't know postiively who may have control of the Preferred A shares and attached warrants. However, by a little deductive reasoning ---- Javelin is now obviously in control of AERP(always have been). I don't think that they are stupid enough to leave those shares in the hands of Gregg Geddes, who is being prosecuted on 4 fraud charges, and, facing a personal bankrupcy. They may have another 'front' guy. These shares, and TTR-HP, were transferred to Geddes, Traveller's friend and neighbor, as a matter of convenience at the time, and, I would bet dollars to donuts he is no longer in control of those shares.
I'll dig into your other questions - maybe tomorrow as I'm nursing a very sore hand right now, had an operation on it today.
spydrwb,
You forgot that the recovery will not be 100%. Give them the benefit of the doubt at 92%. Plus, they have a 5% NSR to pay.
So lets see....
Gross =
9.03 x 0.92 x 949 x 0.95 = $7,490
1491 x 0.92 x 13.63 x 0.95 = $17,761
Total gross = $7490 + $17761 = $25,251
Shipping costs approx $1.30/mile
Approx 475 miles
= $618
Mining costs approx $125/ton --- 200 tons = $25,000
Milling and processing costs - unknown
RYMM processing costs - unknown
Now from what we do know ----
$25,251 - $618 - $25,000 = Negative $367
Additional loss -- milling and RYMM processing.
fourkids,
"and if *ronning*
thinks .. that aerp is at the 5B level .. again"
As I have previously stated, I believe they are at the 5 bil mark on the OS. I also believe that there is some shorting of the 2.6 billion currently going on. That seems like a no-brainer as we know that Aero must RS the stock in order to pay off the debts in order to make it a clean shell.
So when the RS happens it automatically vests the 2.6 bil. warrants included with the 100,000 Preferred A shares. These shorted shares can then be covered at a lower price after the RS for a handsome profit.
I also believe that the 100,000 Preferred A shares, with warrants attached have been transferred to another entity, probably one we all know and despise.
EarnestDD,
The technology is encumbered by Richard's UCC, so I guess that it's really up to him as he can call in his chips at any time.
Loanstew...
Absolutely agree.
fourkids,
I agree with your evaluation....
"again i would
expect this *stock* to head back to the
pk's over the course of the coming months"
That would definitely negate the requirement to file wouldn't it.
Darkness looms.
fourkids,
"as for peacock ... i've always been a
big believer in karma .. and my guess
is he and his .. will eventually face
*reality* .. "
I'm also sure Javelin/Peacock will get theirs. They are a named party, along with Traveller, in the Unico suit which is for a minimum of $20 mil.
News:
Krause Kalfayan Benink & Slavens, LLP Announces Filing of Derivative Lawsuit Against Unico, Inc. (OTCBB: UNCO) Officers and Directors
SAN DIEGO, Aug. 15 /PRNewswire-FirstCall/ -- Krause Kalfayan Benink & Slavens, LLP filed a derivative lawsuit yesterday in San Diego Superior Court on behalf of Unico, Inc. shareholders charging Unico, Inc.'s officers and directors with gross negligence and breach of fiduciary duty in connection with dozens of cookie-cutter settlements with Unico creditors that caused significant harm to Unico.
Unico, Inc. (http://www.unicomining.com) is a publicly-traded company in the precious metals mining business with offices at 8880 Rio San Diego Drive, 8th Floor, San Diego, CA 92108.
The lawsuit alleges that under the leadership of Unico's Chairman of the Board Ray Brown, CEO Mark Lopez, and CFO Ken Wiedrich, Unico issued 72 convertible debentures to third parties ('creditors'), primarily located offshore in the Turks and Caicos, during the past four years. Although the debentures were convertible to common shares at a share price of 50% of the prior day's closing price, Unico entered into settlement agreements with the creditors which required it to issue shares at conversion prices of 8% to 20% instead.
According to the lawsuit, the settlements were not products of arms-length negotiations. Instead, defendants colluded with the creditors utilizing court-approved settlements as cover to issue hundreds of millions of freely-trading and cheaply-obtained shares to the creditors under a securities registration exemption, Section 3(a)(10) of the Securities Act of 1933. Section 3(a)(10) provides that securities issued in exchange for bona fide claims where the terms are approved by a Court, need not be registered for offer or sale with the Securities and Exchange Commission ('SEC'.)
The lawsuit points out that all of the settlements were approved by a state court in Sarasota, Florida, a jurisdiction with no connection to any of the parties and without notice to Unico's shareholders. The attorney representing Unico in the Sarasota actions and the attorney for the third-party creditors share the same office space in Sarasota.
Also named in the lawsuit was Shane Traveller, who is Ken Wiedrich's son-in-law and Traveller's company, Javelin Advisory Group, Inc., a consultant to Unico. Traveller was recently named as a defendant in an SEC civil action and has been a principal of other publicly-traded small-cap companies.
The suit seeks not less than $20 million.
About Krause Kalfayan Benink & Slavens, LLP: KKBS is a boutique law firm located in San Diego, CA representing consumers, shareholders, and businesses in individual and class action litigation. Partner Eric J. Benink is a former enforcement attorney for the Department of Corporations, California's state securities regulator.
SOURCE Krause Kalfayan Benink & Slavens, LLP
Source: PR Newswire (August 15, 2008 - 9:33 AM EDT)
fourkids,
"curious
to see how the *overage*
on the issued and outstanding
turns out ~"
First of all, it would NOT surprise me in the least that the 100,000 Preferred A shares that were given to Geddes, aka Flo-Co, have propably already been transferred to another entity, possibly someone associated with Javelin/Peacock/Traveller.
Then, following a typical Javelin maneuver, shorting the 2.6 Billion shares represented by the 100,000 Aero Preferred A shares, knowing full well there was a reverse split coming that would automatically trigger the vesting of the warrants and subsequent conversion of the warrants to shares, thus the shorts could cover at a lower price.
So it is possible to dump more shares than the current Authorized Shares, which I believe is happening now.
This whole thing wreaks of fraud, to say the least, and all you shareholders have grounds for a class action lawsuit, similar to the one Unico, Inc shareholders have initiated.
momentum858,
How much does Unico currently owe....
Let's see.....
Accounts payable $ 1,108,453
Wages payable 109,332
Accrued expenses 400
Reclamation obligations 161,434
Accrued interest payable 33,008
Accrued interest payable - related party (Note 2) 954,992
Taxes payable 98,999
Debentures payable,(Note 3)578,417
Debentures payable-related party net of discount (Note 2) 7,231,003
Total $10,275,988
The bulk of these current liabilities, over $8 mil, are owed to insiders.
Now just where do you think any 'revenue' generated will go???
Oh, by the way, There isn't enough 'stuff' there to pay these debts off. Guess that leaves the share selling scam.
knowles,
"No one knows exactly where the absolute top is,
not even a seasoned investor!"
However, we all know where the absolute bottom is!!!!
fourkids,
Did you ever think of the possibility of someone shorting the 2.6 Billion shares represented by the 100,000 Preferred A shares, knowing full well there was a reverse split coming that would automatically trigger the vesting of the warrants and subsequent conversion of the warrants to shares????
EarnestDD,
Or maybe like some other Javelin/Peacock companies --- a 1:2000 reverse split
fourkids,
Since the May 1 cutoff date when there were
3,437,045,822 shares outstanding, there have been 2,453,923,391 total shares traded.
fourkids,
I believe that the OS is at least 4.9 bil
doughboytrader.
Class
Outstanding at May 1, 2009
Common Stock, $0.0001 par value
3,437,045,822 shares
Since May 1, the company has dumped a massive amount of shares on the market and the current OS should be VERY near the 5 Billion authorized.
It would be nice if the ibox were kept current as there is a lot of VERY false info there.
knowles.....
WRONG again on at least two counts.
1) "Stock price remains status quo since November 2008,"
The trading range in November 2008 was $0.0002 to $0.0004.
Todays trading range was $0.0001 to $0.0002
That equates to a minimum of a 50% loss in value of AERP shares.
2) "What are we talking here, one one-thousandth of a penny?"
No we are not. $0.0001 = one one-hundredth of a penny.
Another 60 mil shares dumped in the last quarter, about 42% dilution.
"As of July 5, 2009, the issuer had outstanding 202,750,052 shares of its common stock, $0.001 par value per share."
The Unico Jokebook has been posted......
http://www.sec.gov/Archives/edgar/data/1110737/000102317509000208/f1stqtrq53109changesaccepted.htm
Andrew Ethan Beyer, Aero's IR, must be fed up with annoying phone calls and must be screening his calls.
ROTFLMAO
tecch10000,
I do tend to agree with you that the OS is probably quite a bit higher than that being reported. It happened in the past and no reason to suggest anything different is happening this time.
tecch10000,
And just to put the dilution in perspective ----
the 132+ million shares issued by Unico just since the last reverse split are equal to ----- ready for this -----
6,600,000,000,000 of the original Unico shares ----
That's right --- 6.6 TRILLION shares equivalent.
tecch10000,
It only includes up to June 4, 2009
"The Registrant had 141,784,859 shares of common stock, $0.001 par value, outstanding as of June 4, 2009."
The important thing here is they have already diluted over 132 mil shares since the last reverse split ----- and the dilution machine continues full speed ahead.
fourkids,
"i was being generous
giving every trade
done since may 1st to
the co. re: dilution"
Let's see --- since May 1 there have been a total of 2,238,863,271 shares traded.
If as you say: "every trade
done since may 1st to
the co. re: dilution"
then all of these shares would have been added to the OS giving a total of 5,695,909,093 OS --- which is over the 5 bil AS.
I did NOT presume that every share traded was dilution from the company ---- only 65% which was based on previous trading patterns and info contained in the 10-K's and 10-Q's Your assumption was 50%.
fourkids,
Your analysis guess of the OS as of today at 4,425,791,678 shares is quite flawed.
As of May 1 there were 3,437,045,822 OS as you state.
Since May 1 thru today there have been 2,238,863,271 shares traded.
Your assumption of only half of that number being dilution is very low based upon previous trading patterns. It's really more like approx 70%+ being dilution.
Assuming only 65% being dilution that is 1,455,261,126 shares.
Added to the OS at May 1 brings the total approx. OS to 4,892,306,948.
Any way you look at it Aero has just about maxed out their AS.
Next stop ----- Reverse Split. (A massive one, at least 500:1)
momentum858,
Better to check the past 7 years of 'behavior' ----
1) Dump 5 bil shares
2) 100:1 reverse split - (now 50 mil shares OS)
3) Dump an additional 4.9 bil shares
4) 500:1 Reverse split -- (now 10 mil shares OS)
5) Dump more shares - OS now 142+ mil. and growing
Total pump and dump scam here.
luvofmoney,
"How does one go about making money off of a reverse split?"
In the VAST majority of cases you DO NOT make any money via reverse splits.
Example ---
Before the reverse split:
1,000,000 shares at $0.0001 = $100.00
After a 2000:1 reverse split
500 shares at $0.20 = $100.00
However, what most generally happens after a reverse split, the company continues to dilute and the share price will continue to fall from that new price point right back to where it was before the reverse split.
There are exceptions, they are few and VERY far between --- and AERP is NOT the exception.
fourkids
"all i can say is ~ some of us <aero sor>
have never relied on *ir's* info/insight
for our *DD*"
However, on NUMEROUS ocassions you told people to "call IR" for info or 'clarity'.
knowles,
"Volume at 36,615,500 shares
Last sell up 100%"
Typical end of day PAINT JOB
And out of 36,615,500 shares sold that end of day paint job of 590,000 shares was the ONLY sell at 0.0002 ---- all the rest at 0.0001
"Meat, potatoes and gravy" LOL
EarnestDD,
It appears that Aero has max'ed out the Authorized and any volume from this point on is dumpage by longs.
McCoy's specialty, massive reverse split, is not far away.
Hunsaker is scheduled to appear in court on July 6th.......the Court appearance is.....A DISPOSITION HEARING related to the Weapons charge...LOL..... (I remember someone saying these charges were thrown out)
Disposition Hearing: "A HEARING WHERE A DEFENDANT IS SENTENCED AFTER CONVICTION."
DISPOSITION HEARING DRA 081402981 Other Misdemeanor
DRAPER CITY ATTY:
VS.
HUNSAKER, BRYAN R ATTY: NAKAMURA, BLAKE A
OTN: DOB: 02/28/1972
MA - THREAT/USE OF DANGEROUS WEAPON IN FIGHT - 11/15/08
MB - THREAT AGAINST LIFE/PROPERTY - 11/15/08
> NO OTN NUMBER <
So much for Hunsnaker's 'upstanding character'!!!
Bobby,
McCoy appears to be Javelin's/Peacock's action guy when it comes to RS's. He has been involved with most of the Javelin/Peacock companies since day one and has been behind a couple of the RS's.
See posts 157791 and 158265, then start doing your DD on the other companies and you will see a definite pattern of 'events'.
Bobby,
McCoy is a Javelin/Peacock guy 100%.
As to whether or not that's good, I guess it all depends on your objectives. Personally I believe it's a disaster for the longs.
The Authorized shares are just about maxed out so look for a massive RS soon, one of McCoy's specialties.
My condolences Bobby.
tree man,
To take total control you need 50.1% of the voting stock.
Hunsnaker CONveniently gave away future total control via the 100,000 shares of Preferred A shares he paid Flo-Co to take over TTR-HP. Those shares have warrants attached that convert to 2.6 billion shares of AERP, or 52%
fourkids,
"oh and if the witty *inference*
is that i'm pushing folks to buy
shares of aerp ~ let me set you
*straight* re: that flat out false
*impression*"
WRONG fourkids,
You have been posting stuff like 'congrats' on people buying for a long, long time --- all the way down I might add.
There have been at least 25 posts since Oct 08 stating "congrats to the longs who added today ~ " or something VERY similar --- and many, many more previous to that.
This is nothing more than blatant encouragement for buying and holding. There's NO other way you can spin that.