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Now we just need a reason for someone to want to buy for more than .0099
Or it could just be that most here don't want to let go of any shares for less than .0099
I guess it was approved with a few understood contingencies
Hey NML, are you still as confused as I? The 8-K clearly states that the Castleberry project has been approved for the GSR. If this is the case, what are the meetings for next week. If that is when they will actually happen that is.
"On February 27, 2014, GEC Organics Corp., a subsidiary of Global Ecology Corporation has been approved by The Gold Standard Foundation for registration on the Gold Standard Registry. The Gold Standard traditionally provides the highest Carbon Credit value of any of the emission reduction exchanges.
This will come at no surprise but, I'm confused. I thought that this stakeholders meeting was required to get on the Gold Standard Registry (GSR). No, Carb, I'm not calling you a liar or anything of the sort. I'm just trying to understand what you spoke of. What am I missing or not getting? In your posts, 10672 and 10684, you say that the stakeholder's meeting was needed in order to get approved for the GSR. The 8-K from March 3rd,which came after those two posts, stated that GECO was approved for the GSR. You then say in this post that the stakeholder's meeting will hopefully be next week when the appraiser is there in Castleberry. A little help please sir.
You are wrong sir because I actually do agree with you here. The Markit registry isn't the Gold Standard site. Within the Markit site there are links to the Gold Standard site. It was there that I tried to find GECO but could not. Thus prompting my question.
Not sure why this hasn't been updated but this is on the Pinksheets site. The transfer agent won't give the updated number either.
GLEC Security Details
Share Structure
Market Value1 $4,449,113 a/o Mar 21, 2014
Shares Outstanding 499,900,351 a/o Aug 13, 2013
Float Not Available
Authorized Shares Not Available
Par Value 0.001
Shareholders
Shareholders of Record 1,925 a/o Mar 31, 2011
Security Notes
Here is a link:
http://www.otcmarkets.com/stock/GLEC/company-info
I had gone to that website but couldn't find any reference to GEC O or Hawaii O.
Why didn't you like my post about the "son" of god blessing us? Did you get the point of it?
Clean Tower is new. Hawaii Organics is cool to see as well. Wish the links went to web pages within the GLEC site instead of downloading PDF's but it's better than nothing.
Would like a link to: The following proposal will outline the general parameters for solutions offered by GEC Organics (“GECO”) as discussed in
Governor Abercrombie’s, A New Day in Hawaii.
Still looking for link to "The Gold Standard" registry.
Can someone provide links to the registries GEC Organics is listed on please? I can't seem to find them on the Gold standard registry.
I never called you a liar. You interpreted it that way. I asked you about the value to a buyer of one CC over the other and you didn't answer me so I took it as you don't know except to say that it will benefit them more but you wouldn't say how.
The latest 10-Q/A or how ever it's numbered removed the Wholly Owned part of the paragraph about the subsidiary GECO. That implies that GECO is not wholly owned. No? Then you insisted that GLEC owned 100% of GECO. Can't have it both ways.
Stop being so sensitive. If you don't know something, just say so.
So, this is what I figured out from your answers.
What is the advantage of buying the $6 CC over the $.70 CC?
Carb doesn't know.
How is the relationship between GLEC and GECO set up?
Carb doesn't know.
Otherwise you would have just answered the question. You admit that it's to the buyers benefit to buy the higher quality one but can't explain why.
You say that GECO is not a wholly owned subsidiary of GLEC but you state that GLEC owns 100% of GECO. It can't be both.
So you are saying that I, as a buyer, can offset more of my carbon emmission with the CC's off the Gold Exchange @ $6 each rather than the $.70 CC's off the other one? If it's not worth more to me, why would I spend the extra money?
Has anyone here actually read the contract? No but all CC exchange contracts are the same. I meant the contract making GECO the subsidiary and not a wholly owned one.
What percentage of GECO does GLEC own? At this moment 100% Seeing as it's not a wholly owned subsidiary, it can't be 100%
How many entities are involved? At this moment 1 Seeing as it's not a wholly owned subsidiary, it can't be 100%
I was speaking with an associate of mine about the subsidiary issue. She asked me some questions that I'd like to pass along to you guys. I felt kinda dumb after not being able to answer most of them. I know, that should be a given, right Carbpro....lol
Has anyone here actually read the contract?
What percentage of GECO does GLEC own?
How many entities are involved?
Is the partnership only for the compost or is it for the CC's as well?
Is it for only the part being worked now or is it for the entire Castleberry site?
I'm guessing most of us don't have actual factual answers to these. Therefore it is all speculative nonsense being spouted.
Let's look at this from a different angle. Let's say I'm a buyer of CC's. What is my incentive for buying CC's for $6 each when I can get some for $.70 each?
Is this based on existing land used or when the entire grounds are developed?
When fully operational, the Castleberry, Alabama site will be able to produce up to 20,000 tons of OAS1000 solid compost and in excess of 10,000 gallons of OSA101 liquid compost each month.
Down down down we go...ugh!!!
Thanks for the line by line reply.
But seriously, aren't you at least a little concerned that anything to do with the CC's is done thru a subsidiary of GLEC and not a wholly owned subsidiary of GLEC, never mind just GLEC? Even Hawaii is a sub, not a W.O. Sub.If the sales don't go to the top and bottom line of GLEC then what good can it actually do? I'm just a little guy here with my measly 1.2mil shares and have only been here for just over 2 years. Nothing compared to a bunch of you. There has to be some kind of safeguard for we shareholders, no?
I would love to get my head out of the ummm... "Grassy Knolls"...LOL I've just seen a lot of things in the penny/sub-penny market. A lot of CEO's that are looking out for just one thing, themselves. Is that the case here, I hope not.
First this was said:
When fully operational, the Castleberry, Alabama site will be able to produce up to 10,000 tons of OAS1000 solid compost and in excess of 20,000 gallons of OSACT1000 Compost Tea each month.
When fully operational, the Castleberry, Alabama site will be able to produce up to 20,000 tons of OAS1000 solid compost and in excess of 10,000 gallons of OSA101 liquid compost each month.
We have entered into an agreement with Green Giant Venture Fund (“GGVF”), a firm with 10years’ experience in this market to guide us through this process and monetize our Carbon Credit production. GGVF will develop the Project Design Document and market the Carbon Credits to the appropriate buyers and brokers.
Yeah and pointing out that GEC Organics is not a wholly owned subsidiary opens the door for "P" to somehow keep the money for himself. I'd still like to know who owns the part of GEC Organics that GLEC doesn't.
Another thing is the timing of this release. You mean to tell me it took this long for someone to notice the typo? I think it was planned.
So now it's another month and a half....or so?
If GEC organincs is not a wholly owned subsidiary, how much of it do we own and who owns the rest? What affect will this have on the PPS once the CC's are FINALLY sold?
Why is this posted under GLEC?
http://ih.advfn.com/p.php?pid=nmona&article=61497835
Can anyone cut and paste exibit 101 here please. I can't bring it up in a way I can read it.
Why the drop?
If I may, I would like to refer you both to my previous post. It proves both of your points. At least I think it does.
Please check out post #10823
It would be nice to actually get a PPS driving PR sooner rather than later.
I agree that news would be good for GLEC.
PHOT just increased their A/S from 1 bil to 3 bil.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9777853
The big jump today was due to this news.
http://www.otcmarkets.com/stock/PHOT/news
This shows the kind speculative drive a stock can have with the right PR.
I've seen where Ihub cuts off a couple 0's on the bid and ask amount of shares. But that doesn't makes sense with the 10mil I posted either. But I know I've seen it like that. Either way there is a large amount on the bid side that is only .0001 lower than the ask. So, you are right, I guess.
Rather large order just under 10mil shares @ .0069 sitting on the bid side. Who will blink first...hmmmm
Does it really matter when total volume is worth less than $500? No news today which probably means no news this week yet again.
It happens.
That's funny. You must have missed that 30mil @ .0001
So you are thinking that the sale of the CC's will only cover the cost to produce the dirt? Hell, the sale of the dirt should do that. The sale of the CC's should be gravy and worth a hell of a lot more than the cost of producing dirt.
The numbers that Arbpro has put together are spot on for an established company with a stable history of revenues. As financials are released with such a company it can affect the stock up or down depending on the numbers and the outlook going forward. This is obviously not the case with GLEC. GLEC is a startup company with as history of failed startup attempts.
An example of how the stock will react with news of an actual sale of CC's with an actual amount of revenue, and this is only an example, is kind of like how the stock reacts to a Pharmaceutical company whose latest drug trial has been reported as successful or better yet has gotten FDA approved. Though actual revenues have not been determined, the speculation drives the PPS up tremendously.
GLEC has an example of its own on how speculation can drive a stock's price up with no actual revenue coming in. When they had that deal announced in Mexico, they only had projected possible revenues and the stock went up to somewhere around 60-70 cents. This was based solely on the possibility of money coming in. In the case of the CC's sales for Castleberry, it would not only be the release of how much they could get per CC but the actual sale of the CC's as well as the future projects already in the works, that will drive the PPS up. How high and how long it stays there is the unknown. That will depend on how many people are actually waiting for that to happen to jump in. If it is based solely on the existing shareholders buying more to drive the price up, it won't go far at all.
As far as what earnings will be based on the CC revenue is concerned. It should be very close to the same exact number. There is no real cost to the production or creation of CC's. Yes, there is a cost to the production of the compost but the sale of the compost should easily cover any cost to produce it. Even if sold at cost it is obviously covered. Sure there is the initial costs to the applications and appraisals and such but nowhere near the 80% stated here.
NML brought up the one point that could be the kink in the armor here. Are GECO's revenues legally tied to GLEC and thus the interest of the shareholders. I believe they are.
A done CC deal with good numbers from being on the Gold Exchange, plus other projects in the works, coupled with a lot of interest from those other than we current shareholders, should equal to a solid payday for those who have held on for so long.
I learned that from watching weathermen. You know...there is a slight chance of scattered local partly cloudy rain.
I think there is a good chance there will be a pull back. But I don't know if there will be. I know what I'm talking about. Just ask me.
Nothing on this board will affect the share price in any way, up or down. If you think otherwise, you are sadly mistaken. Just keeping things real. Posting info about the company is great. His back and forth between what he knows and what he doesn't know is all I was pointing out. Does he know more than I about certain details, yes. Just state what you want to share that is fact and don't share what you don't want to reveal nor what you don't know about.
Don't you have anything better to do than try and discredit me.
What do you do...challenge our statements with no valid research or personal knowledge on the subject.
If this were a physical fight, I'd be an ICBM and you'd be pocket knife.
But I waste my valuable time as I learned a long time ago you cannot reason or argue with ignoramus a-holes.
Not only did they only buy the assets, they bought from the debt holders that foreclosed on them, not from RMTD.