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There you go again with your infantile and inaccurate comments. I believe O-S has explained his situation more than enough times.
Now, what will you do when or if this stock is proven to be a fraud?
You'll have trouble finding anyone to respond. Possibly because the SEC doesn't reset prices or halt BB stocks....except to suspend them for investigations.
I doubt you'll find any...
..but...
are you one of the paid pumpers?
Thought I read somewhere about the existence of some who mangaged to receive discounted shares from Rufus in exchange for their support (pumping) on these message boards.....
The only SEC halt this stock will have is if it's suspended.
And a reset is very very doubtful.
Yeah, it's the best I've got. I want to respect the board rules...
I "are" capable of recognizing signs of a scam when I see one. And this one has an overabundance of signs. Time will tell if those of us that feel that way are right or not.
Actually, you low quality name caller, Our-Street has been darn near dead on accurate. He has called attention to the fact that the 8-K numbers are inaccurate, has even reported it to the PCAOB. No response from Rufus.
Just because Rufus put out an 8-k claiming some high audited values, does not make it so. Possible, but highly doubtful. Little else that O-S has claimed can be disproven..disputed yes, disproven, nope.
Yet many many things Rufus has said can be disputed, and probably even disproven...like the supposed $5bn bond...which does not exist in that denomination.....and, of course, of its actual $700mm face value, none can be proven owned by CSHD, but can be proven held by numerous other entities.
E440, that is common practice on the TSE and TSX, but not on the OTCBB.
Dream on......one, there will be no reset, in the opinion of most rational thinkers, and, two, don't count on a Q listing anytime soon. It's a long process.
Actually, Bread, it is obvious that you pumpers live to bash someone that tells the truth about this stock. And, of course, never gets your fact straight:
http://www.investorshub.com/boards/read_msg.asp?message_id=13863753
You need to get your facts straight. Use the search feature.
Serf, I reckon you misstyped, so i checked and found NCVT....good work, as usual!
Right you are, serf. Though some of the logs are rotten, most are well preserved, judging by what I've read about underwater logging. Even in warm waters, most wood is well preserved.
But, being as the process is far from easy, and no public company has been successful, it is unlikely that CSHD/Ecowood will be any different.
Currently Triton Logging, a small private BC based company, is using the Sawfish, a remotely powered sub, to do extractions. It's a slow process. I believe this machine differs from the one that AQCI developed and used, till they went under.
Gawd, how things drag on. Her conviction last spring can be found here: http://area51specialprojects.com/flaherty_convicted.html. and more of the PMTU story here:
http://area51specialprojects.com/flaherty_convicted.html
Well, maybe because he prolly didn't even raise $5000.
Whoever came up with that cockamame story is one deluded soul.....
$5bn, lolol
If they don't file, an E will be appended to their symbol. They then will have a period of time to file, 10 or 15 trade days (I don't recall the exact timeframe), or be delisted to the pink sheets.
This subject has been hashed over for ages, but still begs the question: Why would anyone fork over $500mm worth of a bond without getting something in return? And what did Rufus give, besides money which he has little of, as consideration?
And, going further, why does this latest $5 bn bond really only have a coupon value of $700mm? What is Rufus the Dufus up to?
If you mean Our-street shorts stocks presently, then you are calling him a liar, right?
Give this stock time, and you may well see it meet his expectations.
Compare Rufus to Mr. Pohl, CEO of PTSCE, a 100% proven legit OTCBB company. Here's an excerpt of a recent interview with Mr. Pohl. Note the discretion and caution that Pohl uses.
http://www.investorshub.com/boards/read_msg.asp?message_id=13795333
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TWST: How much cash do you have now and how rapidly are you burning it?
Mr. Pohl: At the present time, we are just about to the point of filing a 10-KSB, which is due around October 13, and our first quarter 10-Q is to be filed a few days after that.. I don’t think it would be useful for me to speak of stale information as of our last quarterly filing as of the end of February. You know the restrictions that we face in being a publicly held company. Our current cash position will soon be revealed in our public filings.
TWST: The company has five people at the present time. Would you tell us about the backgrounds and expertise of several of those five people, yourself included?
Mr. Pohl: I am an experienced business lawyer and have been on the Board of Directors of Patriot Scientific since 2001. In addition to myself, we are pleased to have other Board members who contribute almost on a daily basis to the progress and growth of the company. One of our Directors is an experienced CPA, Gloria Felcyn, who serves as the Chairman of our Audit Committee. Another Director is an attorney, Carlton Johnson, who is quite experienced in legal matters. He helps us tremendously in that arena. We have, in the past year, added James Turley to our Board. Jim is a recognized industry authority on microprocessors and intellectual property, and so he is providing very valuable input in that regard. And then we also have Dr. Helmut Falk, who is an anesthesiologist, and who contributes concerned business and shareholder input as the son of the Founder of the company. That is our Board of Directors. In addition to myself as the Chairman and CEO, our CFO is Tom Sweeney. Tom is a CPA with a background in dealing with companies that are of an entrepreneurial nature and publicly held companies that have experienced rapid growth in the past. In addition to Tom and myself being here in the office as executives on a daily basis, we have a very good controller and two other assistants.
TWST: Do you expect to add some people as the company becomes more successful?
Mr. Pohl: Absolutely, we look forward to that. At the same time, we favor operating on a lean and mean basis, and that is the way that we are able to function very effectively. My objective has always been to minimize investments of the company in bricks and mortar and to focus more on the revenue, particularly recurring revenue.
TWST: What occupies your own attention most on a day-by-day basis?
Mr. Pohl: Certainly, attention to closely following the activities of the licensing strategy that we are pursuing in addition to a myriad of managerial activities associated with being the CEO of a small team running a public company with a large number of shareholders. Being a publicly held company, one of the things that I find very interesting these days are the challenges that go with operating a company in the era of Internet message boards. When you have a small company, a small staff such as ours, and a very large widespread shareholder group (as I indicated earlier, it’s probably around 16,000 in number), there are lots of ongoing promotional and investor relations duties that fall on the CEO’s desk in a situation of this sort, in addition to the daily tasks related to running a business.
TWST: What would be the two or three best reasons for a long-term investor to take a very good look at Patriot Scientific?
Mr. Pohl: First of all, the value and strength of the patent portfolio. If one considers simply the fact that we’ve put over 300 companies on notice so far, you can speculate that there are probably several hundred more companies that might be added to the list in the future. So the potential for licensing revenues is tremendous. One could do some calculations on their own as far as picking a hypothetical average revenue stream per individual license and then multiplying that by the number of licenses they expect to see the company have. In doing so, one can come up with some interesting numbers of projected future revenue. As we accumulate that revenue, investors can look at two things. Number one is that since we are a company that has a stock that is currently trading at a price in the range of near $0.80 a share and a market cap of almost $300 million, we should have tremendous prospects for appreciation in the value of the shares. In addition to that, because of the activities that I have described in the revenue stream, the potential for dividends along with the appreciation are great.
TWST: Would you give us some hypothesis about this potential revenue stream?
Mr. Pohl: At this point, it is a subject I would love to be able to talk about, but we are not in a position right now to be able to give much guidance. As I said, the best way to do it is to take the number of potential licensing candidates that are out there, and multiply that number by a projected average dollar amount per license. You come up with some pretty impressive prospects for what the projected revenue of this company can be on a one-year or a five-year basis. Our patents are good through the year 2015. So there is a tremendous future ahead for this company.
TWST: You said that you would shortly have more freedom regarding what you could say.
Mr. Pohl: That is because we will be filing our 10-K information, which will be for our fiscal year end that was May 31, 2006. Then shortly after that, we will be announcing our first quarter information. And in the first quarter of this year, five additional licenses were signed.>
I have arrived at a
conclusion King Tut learned his writing skills at the,
Sears, Roebuck & Co. Academy of Language Arts
Purl Gurl"
Leads one to ponder where, besides on the farm, Rufus and Ben learned and honed their writing and speaking skills.......
Hmmm, read some of your posts....made me want to throw up...talk about unabashed (pun intended) pumping.
Sorry, samael, but what do you know about logging? how about underwater salvage? I know a lot about the former, being as I do residential logging.
Underwater logging is a slow process, and is far from an easy or lucrative process. Either divers or robots must be used.
And, as you can see from the below post, no publicly traded company has ever been successful. Now, you think Rufus and his merry men are gonna break the mold? Get real!
http://www.investorshub.com/boards/read_msg.asp?message_id=13824976
Cindy, you and all honest doubters that do indepth research should be called "Truthseekers"....
Scambuster is a bit harsh, but the term fits, with many stinky stocks.
You would guess wrong. Now do some DD and find out what new developments have occurred.
Note my screen name...and know of my interest in log salvage....I do residential tree work. Did a bunch of close quarters crane logging today, and sent a full load to the mill.
I knew of EVRE back in '99....doesn't sound like anything came of it. There are a few outfits, private I believe, that have been doing underwater salvage from the Great Lakes, and various other US/Ca water bodies. There was a BC company, Acquatic Cellulose, that developed a robotic salvage vehicle, symbol might have been AQCI. It failed, I think. But there may still be a public traded company that is using a few of the machines. In fact I think I read something a while back...they may be Vacncover Is based now.....
got to hit the sack, and do more tree work and logging tomorrow to add a few more logs to the 1/3 load still on the ground.
Great post, Schaden...I'd love to see the HSM'rs get all flustered over the content in this most recent well grounded post of yours.
Whatever. I don't believe for a minute that a semi literate fellow from Georgia who has had trouble paying a credit card bill, and has never been known to be well off ( nor has any company he has been associated with) is capable of landing blockbuster sounding deals. Nor has he ever done anything to show that he is a savvy business person...of course it appears to some that he is currently changing into a Bill Gates.....
Back to the bonds...I'm sorry, but the thorough explanations by several folks make much more sense than what you stated earlier. And that is that Rufus doesn't control these bonds, and can't claim them as assets, or, at the very least, has to show an offsetting liability.
samael, your explanation of how Rufus acquired the bonds as assets doesn't hold water, according to many. I'm no expert, so can't really comment.
What I can ask you, though, is what you think about the latest pronouncement that claims title to a $5bn bond, when, in actuality, it only has a face value of $700mm. I only skim this board, but haven't seen any explanations for that glaring discrepancy.
Great? In your dreams... Soap opera? yes...Scam? More'n likely
Rufus is people? I thought he was a god......
So, you are what, 12 years old?
Ahh, but JJ categorically denied that, and called Rufus Dufus a liar...which is a given...
Yo Janice! Careful, you'll get Cindy all excited....!
This is her first foray into the dark basher underworld....but she sure is having fun...and doing an awesome job....
Stick around, ya hear!!
By Friday, Rufus should have the company theoretical value well above that of even the US of EH!!!!
Ha ha, you are funny. Did you fall for the "Confessions of a Paid Basher" piece that has been floating around for years? Maybe you didn't know that there is no evidence of what you pumpers purport. Conversely, there is plenty of evidence of boiler rooms and other operations whereby pumpers are rewarded for their work.
Actually, I run a business, doing hard physical labor. We average about $85 per manhour. 50% profit margin.
Did you also notice that the bond that Rufus claims to now control is for only $700mm, not the $5bn that he claimed? And that it is owned not by him but by multiple parties. So, he could try and claim it as an asset, but the books would also have to show an offsetting liability.
You longs all think Rufus can create value out of thin air. Well, so far, all we've seen from him is HOT air.....nothing provable....just PR's, and 8-K's that are NOT SEC approved, BUT are very likely bneing scrutunized closely by said agency as part of its investigation.
So, what will Rufus do to keep the spin alive when he fails to produce a full 10-K that proves a consummated merger, and shows billions in value?
Actually, you have no idea what you are talking about.
what, did someone lace your Kool-aid with mescal?
Well, voucher, judging by what the Street thinks of this stock, I won't be needing the garnish to make the hat go down better. I see she's at .0003......that may seem low, but .0001 is looming.
I'm pretty sure the $4 requirement (which also may also need to be maintained for a period of time prior to listing) is mandatory for all inital listings, regardless if the other stipulations are met. But, I believe an SB-2 must be filed, and the approval process is very slow. So, even if this stock turns out to be legit, which many of us doubt very much, a Q listing will not be imminent.
Sorry, Dd, sct brought up that board, and we traded posts....