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A 19 cent run on CKGT today. That cactus pig feed must be causing a big stir. Word has it that they are putting nicotine in the pig feed to get them addicted and putting pig feed into the cactus cigarettes to get people to break the nicotine habit !
Hey burp, I've got it. You can send them an e mail that reads....
You dirty lats, you ried to us !!!
You can speculate and come up with all kinds of scenarios but your statement regarding the reason for the plant expansion holds more water. Why would they expend that kind of money without a reasonable expectation that it would be beneficial to their income ? Considering the fact that companies in China are doing much better than the majority of companies in the U.S. I think I would give them credit for their ability to make a profit.
Do you know a good lawyer in Jiangyin ? If not you might try the yellow pages !
Well, you can sell......or sue them maybe. I didn't hear the conference call so I can't comment !
From the IR guy........
China Clean Energy sells mostly on the spot market. That is why you have not seen contract announcements.
NO CONTRACTS GUYS. THEY SELL ON THE SPOT MARKET SO STOP LOOKING FOR CONTRACT NEWS !
Amen to that bro. And while we're at it, let us not forget Steve Sulja who was involved up to his Apostolic azz. Good old Steve has been making a few bucks here and there as a procurer. (You DO know what they call procurers don't you?) He be de superfly middle man in de transaction. Even though he doesn't exactly rake it in, every little bit helps when it comes to restitution. It would do my little black heart good to see Sulja, PV, and the rest of the scumsuckers raked over the coals. Nothing too good for our northern cousins.
Oh, by the way, the Defense Contract Management Agency was very interested in what I had to say about Sulja and IT CCT LLC and his contracts with the DOD. It seems that Canada is giving Yanks who work in Canada a hard time. Let's hear it for reciprocity. I(we) have the Elmira bunker to thank for their inspirational goading regarding NAIC codes.
Oh my, does this mean that you believe that Steve Sulja lied ? Do you think that your celebrated CEO would SELECTIVELY lie or was everything he said a lie ? Do you believe that he said he was duped to avoid prosecution but that everything else he said was totally truthful ? As a practitioner of the Apostolic Christian faith would it not be a mortal sin for Stevo to lie ?
Could this be construed as dissembling on your part Hock ?
The duped or "rope a dope" conversation wasn't conducted with jannie. It was with Gary Rennie as you well know. Don't make me scrounge around in the SLJB muck and garbage to once again find the link in order to satisfy what I know is coming next from you i.e. ......... send the link. Oh well, here it is from the Windsor Star
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<<<<<<<
Windsor lawyer Dan Scott, who represents three of the defendants, including Petar Vucicevich of Colchester, said Thursday he's expecting a trial to start soon.
"Petar is very anxious to start dealing with this," Scott said.
Scott said the RCMP has been in touch with him, but he doesn't know where that investigation is heading.
RCMP Sgt. Marc LaPorte of Toronto said the force doesn't comment on investigations.
An OSC hearing is scheduled for Monday in Toronto, but Scott expects it to be adjourned.
The OSC allegations name Sulja Bros., Vucicevich, who was a former CEO of the company, and a Windsor-based company called Kore International Management Inc., which was run by Vucicevich.
The OSC also alleges a U.S.-based Kore company with ties to Texas resident Andrew DeVries had a role in what it described as a "pump and dump scheme."
Throughout 2006, the OSC alleges numerous false news releases touting deals worth hundreds of millions of dollars were issued on behalf of Sulja Bros., which trades in electronic penny stock markets as SLJB.
At the same time, the OSC says the stock was being sold to investors around the world using brokerage accounts in the names of Kore employees.
The OSC says Vucicevich's Kore company got $3 million from stock sales in 2006, plus an additional US$2.7 million and then $4.7 million from the U.S. Kore company during the end of 2006 and early 2007.
Thursday's allegations add as defendants Steve Sulja, his brother Sam and Kore employees Tracey Banumas of Harrow and Pranab Shah of Windsor.
In an interview last September, Steve Sulja said his family's Harrow lumberyard sold its accounts receivable and payable, but not land or buildings, to Vucicevich in what he called a "handshake deal."
He said family members only got a fraction of what they were promised by Vucicevich.
Sulja, who also became CEO of the Nevada-incorporated Sulja company, said he was duped into believing big overseas deals were being pulled off by Vucicevich.
It seems to me you people would want to know the date of the "resurrection". Don't you think it would be fitting for the CEO of this defunct POS to advise all of the loyalists as to when that might occur ? Or maybe the date of the imminent event is already known by the members of the "Elmira bunker boyz". If you're not a member of the inner sanctum you might want to check with them when evaluating your financial position. I think one of them has already made an offer on a Caribbean island.
Au contraire mon amie, he has proven that Phineas Taylor Barnum was correct. This way people to see the egress.
Stevo hasn't had the guts to address the long suffering and disillusioned "longs" much less comment on the trial. Don't forget, he had his good ole farm boy shoe prints all over the bogus PR's they were putting out for months.
I wonder if Stevo has a green card. I wonder if there is reciprocity between Canada and the U.S. regarding citizens working. If Sulja is working in Livonia, Michigan, where is he living ? He must have worked out a deal with the Crown that exempts him from prosecution. I wonder how many of the other "loyal crew" have made similar arrangements. I also wonder when and if Sulja will ever make a public statement regarding the Sulja travesty other than what he related to Rennie.
All will be revealed in time. The wheels of justice turn slowly but they do move.
When you look at the absolute garbage that is offered, you wonder what people are thinking. The problem is public perception. Apparently, fundamentals make little or no difference. Disheartening to say the least.
Kind of a case of the glass half empty or half full isn't it ? MAY as opposed to SHALL. I'm not into arguing the point. I guess what I'm attempting to point out is....those who say there are other places to put their money may be right, at the moment. There are always momo plays at work.....however they come and go, rise and fall. Take CKGT for example. It had a what, 20 - 25 cent run and then came whizzing on back. If you time it right I guess you can make money. I can neither time things right OR make money it seems so.....do what you think is best !
hmmmm interesting. I have read and reread that msg from the IR and maybe I can't read between the lines but I didn't interpret it as saying there was lagging demand. What he DID say was that they sell on the SPOT market rather than have contractural agreements with anyone. How does that remark segue into "gives the impression that there is not currently sufficient demand for the increased production capacity."
I'm not a semanticist...... I just read 'em the way they're written.
I'm not certain they can offer projected earnings. The market is what it is. It's difficult to imagine that they would spend what looks to be a prodigious amount of money if they didn't anticipate demand. But again, that's just me !
Good luck to all of us in these uncertain economic times. Maybe we should all buy yuan because God knows, the dollar sure as hell ain't holding up.
Consider for a moment what you would do to a butcher who attempted to sell you a piece of ham that had turned green, or to someone who tried to sell you a Bernie Madoff investment. The same holds true for those who attempt to legitimize this pile of dung for the purpose of increasing the PPS to the point they can sell and escape with a whole skin. They are beyond redemption in my opinion. It's too bad there are no provisions in the law to prosecute people who attempt to further perpetuate scams such as SLJB. My only hope is that they (the Elmira groupies) reap what they have sown.
Doesn't the same hold true with the entire market ? The last I heard, our entire system is based upon demand. No demand, you're dead in the water.
Contracts generally do not guarantee a mandatory purchase - delivery. I have no idea what the market conditions are in China at the moment. I have read that auto sales have far surpassed those in the U.S. but that isn't saying much. How much demand is there for biodiesel OR the chemicals they produce..........I don't know.
Ya buys yer ticket, you takes yer chances. I don't see CCGY being any more of a gamble than any other Chinese or for that matter, American stock.
But that's just me !
Response from IR for clarification of last PR .......
Thank you for the feedback. Let me try to clarify the key messages in the press release:
1. Construction phase is finished.
2. All necessary equipment has been installed.
3. Company is testing equipment and making necessary adjustments.
4. Once testing phase is finished, i.e. Plant is fully-operational, commercial production will start.
5. Once commercial production starts, it may take 6-12 month to reach full capacity... (The constraint being market demand).
Assuming there are no issues with equipment... Commercial production could start shortly... We will make an announcement when that happens.
China Clean Energy sells mostly on the spot market. That is why you have not seen contract announcements.
I hope this clarifies the announcement.
I wonder if the OSC's legal counsel is aware of how illegal it has been for them to thwart SLJB and it's investor's 'lo these many months. The illegality of their action was dramatically pointed out to them in a post more than a year ago. How did that work out for you 12ring ?
"As stated, the OSC does not have the right to hinder, because they are not above the laws of the people and those laws are very specific. Their blatant shelving of this for an additional 14 months is in fact a hindrance to not only investors in Ontario, but to those outside of it as well, due to the many implications attached to such an order extension. They know it, you know it, we all know it.
I would suspect that the company will soon put out some sort of public statement now that the OSC has made such a move. If not, then it is up to shareholders to move of their own accord to protect their interests. I know for a fact that many will if necessary."
A message to the IR ten days ago was not answered. Sent another message three days ago....still nothing. Not a good sign !
New to the stock and the board. Can anyone tell me what the CE removal is all about ? Thanks
If this debacle ever goes to trial, it will be interesting to see how many of the culprits flip on Vucicevich to save their own skins. They have nothing to gain by standing by good ole Petar and they sure have a lot to lose. It's pretty obvious that Sulja made a deal. With PV's past history, I would think the Crown savors the thought of putting him away for quite a while. What is it with house painters ?
I wonder if the Crown would consider engaging forensic accountants to determine where the scam money went. Offshore accounts are not sacrosanct and it seems to me that it wouldbe in the Crown's interest to attempt to recover as much of the ill gotten booty as possible. Without a doubt, Vucicevich hid what he could when it became clear to him that his derriere was in serious trouble. If you secret away 8-10 million, serve say 4 years in the slammer, that's still 2 - 2.5 million a year.
OUCH
10/16/09
Last 0.032 Change -28.89% vol. 8,275,613
Right offhand I would hazard a guess that Vucicevich's defense attorney(s) will end up with a pretty good chunk of the largesse. Some of Vucicevich's "friends" were the recipients of lavish gifts. I'm sure the local casinos profited handsomely from PV's windfall. Undoubtedly, there is an offshore account collecting interest as this is written. I doubt if any of the "nominees" came away with anything at all other than a bad name. DeVries ?? Anyone's guess what his share was or, for that matter, where he is today. It's my understanindg that the IRS would like to speak with him.
All in all, your money is, as the title of a book wrtiien by Dennis Lehane says....Gone baby Gone.
When I read the results of the survey I was amazed. I smoked for 30 years and nicotine was what your system craved. Unless Chinese are built differently, the low tobacco content cigarettes will be a novelty but they ain't gonna last. Maybe if the government intercedes and bans tobacco products...maybe THAT would do it and good luck with that. What the gentleman says is true...all that happens with low tobacco cigs is that you smoke more to derive the same "benefit".
Fortunately, their business is not dependent upon the success of the cigarette so we will see what happens.
Absolutely amazing ! People are wllling to sell after making a 5% gain. There is a huge faction out there that buys on the rumor and sells on the news. Great investment environment .... not !
You have to admit, they (the henchmen) really had vivid imaginations and could tell a good story. Unfortunately for them, when it began to unwind, they got their little cabooses in a terrible bind. However, since the Canadian justice system is probably the most liberal in the western hemisphere and agencies in the U.S. are TOTALLY ineffectual, the chances of wrist slapping seems to be a possibility.
The S.E.C. denies any and all responsibility for what goes on with pinkies leading one to believe it is a haven for every weasel in the entire world.
I'm just waiting for the Wessal site translation from Elmira, New York stating their position in Sulja Brothers Building Supplies which is due any day now, along with the Crown's apology to Vucicevich.
Nah, it's all over. You remember that Jumeira Palm Island in Dubai ? The one where Sulja Bros was going to make 100 million dollars over a period of 5 years supplying cement ? Well one of the mullahs decided he didn't want to do business with infidels with a Mom and Pop nickel and dime Canadian lumberyard.
People bottom fishing here looking for another run.
Well, I guess you could do what Peter Finch did in NETWORK. Yell "I'm mad as hell and I'm not going to take it anymore" for whatever good it will do you. You can vent but when the government does nothing to prevent fraudulent practices from occurring in the market place your hopes of accomplishing anything of substance are rather slim wouldn't you say ? JUst the cynic in me speaking I guess.
Whoa, getting serious there Titan ? People with scruples seem to be a dying breed. If you don't believe it, look around, watch the news and become enlightened. There are still a couple of openings in management !
If that doesn't appeal to you, how about The David Letterman Jump, Pump and Dump Dating Service Inc. ?
Cayce Anthony Baby Sitters Inc. ? LOGO >> We specialize in Tough Love ?
Or how abut we start Michael Vicks Doggie Day Care Center and sell franchises ?
You mean to tell me you have ETHICS ? Good grief nippalz !
I think a bunch of us disgruntled people should get together and develop our own retirement scam. If we use our imaginations we can come up with SOMETHING that sounds spiffy like a Russian diamond mine. We'll issue say 500 million shares and we'll hire some pumper firms (Quality Stocks, Penny Picker etc.)to tout the living crap out of it. We can finance our retirement and the kid's education. By the time they find out it was a hoax, we will have found safe haven someplace with no extradition treaty not that it makes any difference. The SEC, FINRA the DOJ, all powerless. Look how many fricking thieves have gotten away with it. What the hell, everyone else is doing it. What are we, chopped liver ?
Twitter, the new hype forum.
Unfreaking believable. On Twitter go to SPNG or EDWY and see how many penny stock pushing newsletters, scam pumping "services" there are. 95% of the "tweets" are written by these scumbags.
Makes me want to puke ! Twitter is replacing Ihub as the scam pumping center of the universe.
Been there, done that and all for naught. I spoke to a Mr. Worm .......aptly named and his reply was..... "Well, people still want to invest in this "security". Go figure !
On Thu, Oct 1, 2009 at 10:19 AM, Clem, Pat <Pat.Clem@finra.org> wrote:
Dear Mr. XXXXXX:
This is in follow-up to the E-mail sent to you on May 26, 2009, you May 27, 2009 E-mail and your May 17, 2009 correspondence to FINRA's Office of the Ombudsman regarding XXXX Bros. Building Supplies, Ltd. (XXXX).
FINRA's jurisdiction extends to our member firms and registered representatives. After conducting a preliminary review of this matter, the staff has determined that the Securities and Exchange Commission (SEC) is the proper authority to address your concerns. The staff is also aware that you spoke to Ken Worm of the Market Regulation Department regarding this matter. We are referring your correspondence to the following SEC Office:
Ms. Gloria Smith-Hill, Branch Chief
Office of Investor Education and Advocacy
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-0213
(202) 551-6330
help@sec.gov
www.sec.gov