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Thank you. I sent a copy of my email to that address as well. As of yet I've had no response from info@enviroxtract.com, but I didn't really expect a reply before Monday at the earliest.
Again, if and when I receive a reply, I'll provide details.
My email has been sent, so I suppose I'll see how forthcoming EVXA is these days. My last three emails were sent in November, none of which received any reply.
I asked some very specific questions and the reply (if any) should give some idea of what the situation at EVXA is at the moment.
No, I've never had anyone actually answer the phone at EVXA. Perhaps others have had more success lately, they'd apparently gone to ground after the third reverse split last time I called.
Even if I did get someone on the phone who could and would answer these questions it would be irrelevant since it wasn't in writing. He said, she said esentially. I will try to see if I can get an email reply with specific details about majority shareholders and any restrictions on these shares, but I doubt that I will.
I'd like to see something publicly documenting insider holdings, but there hasn't been an SEC filing from these guys since Paradiso's REGDEX in 2008.
Ok, fine. Which officers and how many shares? What are the restrictions? Who else has significant holdings?
So what parties hold the majority of the shares? Are the shares they hold restricted?
10-Q out today. A couple of things that I saw stood out.
Avro is farming out work on some Arkansas wells:
I don't see where the CEO said there would be no reverse split. In fact, I don't see where the CEO has said or done anything. He hasn't even provided a bio for their website.
I'm sure that will take a while though. It's tough to write good fiction.
Edit: The statement wasn't on the page when I first looked, now it's back. Weird.
Yes, but you already had the answer to that from the last time you asked ( http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65951155 ), so I think the question itself is a red herring.
This isn't about one person making badly timed trades or poor decisions. This is about the pattern of behavior that exists with EVXA and everyone involved.
Let's stick to the facts of what is happening and has happened here.
Well, at least they are staying true to form. I can't find anything about "Colten Energy, LLC" outside of that PR. Not a website, not a business address, nothing. Odds are this is another outfit that exists only on paper that EVXA pays "licensing fees" to. The question that is never answered (well, a lot of questions go unanswered) is what exactly are they licensing and who is getting paid?
Edit:
Well, I found something:
https://wyobiz.wy.gov/Business/FilingDetails.aspx?FilingNum=2010-000587866
They've been around since 7/30/10.
They're pumping away over on the EVXA board. Wow, I don't even know where to start there. If you held 500,000,000 shares of this garbage in early March of last year, the splits would have left you with one share. Yes, one.
They took on the CEO of Creationworks Inc. after they acquired that outfit. Never heard of them? Neither had I. As far as I can tell, they only exist on paper.
http://www.sunbiz.org/pdf/03439449.pdf
I think they still pay $8,000 a month for a technology license from Extractive Technologies:
http://extractivetechnologies.com/index.html
As far as I can tell, that website is the all there is to the company. If anyone can find more, have at it. I can't.
Just for laughs, compare that web page with EVXA:
http://www.enviroxtract.com/index.html
Needless to say, they haven't filed anything with the SEC since they were Cambridge energy:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1041633
An interesting side note there. If you look at the scanned PDF of the REGDEX that was filed in 2008, you find that the president of Cambridge at that time was Don Paradiso, who is currently EVXA's legal counsel.
It just goes on and on with the same players involved (as much as they talk about "new management") and the same sleight of hand.
I noticed this evening that I had two emails in my spam box pumping GRDC. Fresh stock plays (the dollar sign for an 's' lets you know they mean business!) apparently has a short term target of .75 from .03 yesterday.
Yeah, the chart looks exactly like you think it does.
A lot of things I have been watching (and holding) were red today. Basically, once the sky doesn't fall, this should trend back up IMHO.
As shells go, this is one of the better ones. They did a good job clearing up past debts and making this much more attractive to merge into.
What are your thoughts on the possibility of a reverse split?
I wondered that myself seeing how the rest of the market faired today. Some sort of follow up on tightening up accounting and retiring shares could go a long way too.
Has anyone checked with the TA to get an updated share count?
I'm just too damn lazy ;P .
So how long before the dead cat bounce that someone tries to pump?
The fact that this thing hit .01 after the gulf oil spill was just based on wishful thinking as well. They had nothing to back up what they claimed to be their business. Nothing, nada, zip.
Send out fluff pr, dump shares, R/S.
Lather, rinse, repeat.
Feel free to look at my recent posts and the links provided in them if you want to know what my opinions are based on.
I'll be surprised if this isn't without a bid in six months.
Wow, pretty underwhelming here today.
Apparently this is on hold (at best):
RW filed 8/4/10
http://www.sec.gov/Archives/edgar/data/1407384/000095012310072328/0000950123-10-072328-index.htm
15-15D filed 8/11/10
http://www.sec.gov/Archives/edgar/data/1407384/000095012310076079/0000950123-10-076079-index.htm
Old news at this point, but it'll save somebody time digging around.
If they ever do decide to go public (and I'm not holding my breath) it might be worth looking into.
Has anyone tried to run with the "fully reporting pink" angle while failing to mention that PUNK hasn't filed a 10-Q in over a year yet?
I've seen worse, but I wouldn't try to call a bottom here either. These guys really have to start drumming up some more revenue, or they'll have to sell shares to keep the lights on.
It's certainly headed in the right direction. If the 10-Q looks good and they can provide something to dispell the doubts about their accounting, this will be back to where it was a few weeks ago.
Whenever I see something like this I have to wonder how this is padding the pockets of the company officers. There is no way that whatever it is that boost is doing is in any way beneficial to the company, certainly not $50,000 a months worth.
I just can't figure out if these things are coercion, collusion, or some mix of the two.
8-k out on operations and financial condition. Seems like they're trying to run a tighter ship, but purse strings probably have gotten a bit tighter on them lately so really what choice do they have?
I don't know the time limit, but from what I've seen companies generally follow with the 10-Q within two weeks, sometimes much sooner.
Yeah, I think I'll steer clear. I generally can't do much intraday (well, I can this week because I hurt myself...) and my timing tends to be back asswards when I try.
I've been bitten enough times by insufficient DD and trying to time something that I knew had no substance.
Of course there were usually folks raising red flags, some of whom frequent this board. But did I listen? Nooo....
I think you patience will pay off. TLB isn't really in bad shape, and the earnings release next month might be better than expected.
Wow, rough couple of days here. I suppose it could be the price being driven down to trigger stop losses, but odds are people are just bailing. With the general bloodbath lately, I wonder how many bigger fish are cutting this loose to free up cash.
There should be a 10-Q out very soon, maybe folks are expecting bad news? Maybe the S-3 has folks running for the hills?
Anyone have thoughts on this one?
What is the deal with MMTC? They submit a lackluster 10-Q in June, followed by an S-1 back in July saying that they are going another round with Dutchess opportunity fund.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=808015
Now its running past a penny.
I just don't see much here besides stock based compensation, convertible debentures, and notes payable.
It just seems a bit questionable.
How do you think high frequency trading factors into all of the NSCC confusion, if at all?
An NT 10-Q was filed yesterday.
I'm not really sure what to make of this. Obviously they are well aware of how closely this filing will be scrutinized, and want to be damn sure that they've crossed all the Ts and dot the Is. The question then becomes are they covering their ass or covering all their bases?
I was holding EVXA at one point. Basically I left some on the table after the BP spill hype, and it got double reversed into nothing. Not a huge loss, but lesson learned. It was back then that I started doing some DD on this crew and began to see that I was lucky to have made it out with all that I did.
Now I keep tabs on this to see what sort of games they're playing these days. It isn't easy to do, since EVXA and everyone that they claim to do business with aren't big fans of full disclosure. They allegedly pay $8,000 a month to a company that, as far as I can tell, is nothing more than a horribly amateurish website.
http://extractivetechnologies.com/index.html
Where are they incorporated? Who is involved in management?
The same goes for Creationworks. They are less than a year old.
http://www.sunbiz.org/pdf/90163299.pdf
Creationworks Group LLC is older, but inactive. Creationworks Group Inc. has been around since April, has the same address as Creationworks Inc, but has a Taylor Henry Cheney in charge. The only other thing that I find on EVXA's Cheney is a connection with Atkins in a Norris Oscar corporation. In April, Cheney became the agent for Norris Oscar and Atkins became President and Secretary. The company's main address is the same as EVXA.
By all means, follow the links, dig for whatever you can find about the companies and people involved, and draw your own conclusions.
As far I can tell, it's a duck.
I don't know if Paradiso holds shares, if that would be legal, or if there are ways around it.
He certainly has been involved with this outfit for some time:
http://www.sec.gov/Archives/edgar/vprr/08/9999999997-08-044428
There is no new management. The "old management" is one person, Wingett. Atkins is still there, Paradiso is still there. How many shares do you think he has and how do you know that there is a time limit to sell them?
In a month I'll be surprised if I don't see that there is no bid, a reverse split, or both.
Which viable company and what proven technology? From that same "filing" you'll find this (I put filing in quotes seeing as they have filed nothing with the SEC since they were Cambridge Energy, CIK# 0001041633):
On January 20, 2010, EnviroXtract, Inc. was issued a technology license by Extractive Technologies, Inc. which requires monthly equipment lease payments of $8,000.
Who is Extractive Technologies? What are they paying $8,000 a month for?
http://extractivetechnologies.com/index.html
Other than that joke of a page, the only other mention of them is an agreement with Western Sierra Mining Company. The CFO of WSRA is Atkins. Seriously, if someone can find articles of incorporation, names of officers, an address...anything about Extractive Technologies, please post it.
As far as Creationworks is concerned, here's the articles of incorporation:
http://www.sunbiz.org/pdf/90163299.pdf
Less than a year old and, as far as I can tell, a residential address. Then again, EVXA is also headquartered in a residence.
Other than Creationworks (and subsequently EVXA) all I find for Cheney on sunbiz is Norris Oscar Corporation:
http://www.sunbiz.org/pdf/05608154.pdf
And, of course, nothing about them besides that.
There is no company here, no revenue, and no business. Well that's not entirely true. They are in the business of selling shares:
Capital Change=shs decreased by 1 for 500 split Pay date=03/11/2010.
Capital Change=shs decreased by 1 for 1000 split Pay date=10/28/2010.
Capital Change=shs decreased by 1 for 1000 split. Pay date=04/15/2011.
Lather, rinse, repeat.
Authorized shares:
12/31/09 1,000,000,000
3/31/10 2,800,000,000
6/30/10 3,800,000,000
9/30/10 100,000,000,000
Preferred Stock:
There are 5,066,000 shares of series E and 12,136,697 shares of series G. If they were all converted, that would equal 328,747,425,000 shares. Over three times the current authorized shares.
There are only 2 of series F issued, but really..."On March 21, 2010 the Company issued 2 shares of Series F Preferred Stock for services. Each of these shares have voting rights equal to and are convertible into the number of shares of Common Stock equal to four times the sum of all shares of Common Stock issued and outstanding at time of conversion plus all shares of Series G Preferred Stocks issued and outstanding at time of conversion divided by the number of shares of Series F Preferred Stock issued and outstanding at the time of conversion." Really these should have been series E, because they are the granddaddy of E tickets.
Picked up a small pile of shares Tuesday. I still see potential here, even if the 6 million day last week was entirely dilution, so I got back in. We have had a slow decline all year, but for the past month or so AVOE seems to bottom out at .0075.
The next 10-Q should be out in about three weeks, although it would be nice to get some updates before then.
"Serge Ollu and Andrea Cortellazzi face, respectively, 33 and 6 counts of illegal practice as a dealer and illegal distribution in the matter of Ressources minières Andréane. Fines of $404,000 and $56,000 respectively are sought."
It seems that $460,000 is a bit weak. Assuming that there are no other penalties, wouldn't they just consider that a cost of doing business and just start over again?