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For EVERYONE'S information regarding penny stocks and the SEC.........
This is in response to your email complaint filed with FINRA against XXXXXX.
FINRA has referred your complaint to the SEC for review and for response. We understand from you that the Nevada Secretary
of State declared XXXX in default and revoked the company’s corporate status.
Because of state actions against XXXX, you question how XXXX’s common stock securities can trade on the Pink Sheets.
To begin with, we must have an understanding of the Pink Sheets in order to address your concerns. First, the Pink Sheets is a centralized quotation service that collects and publishes market maker quotes for OTC securities. It is neither a Securities and Exchange Commission registered stock exchange nor a broker-dealer. Secondly, the Pink Sheets is a securities informa
tion processor.
Thirdly, the Pink Sheets acts an interdealer quotation system service provider - for which registration is not required with the SEC under the current federal securities laws. The bottom line is simply this – securities do not trade on the Pink Sheets, the Pink Sheets is not an exchange, and the Pink Sheets is nothing more that an electronic flash of quotes and information. The Pink Sheets is a privately owned entity located in New York, New York. Issuers are not required to make SEC filings, maintain current address, or other “going-on” concerns or information on the Pink Sheets. In other words, the Pink Sheets does not have a listing agreement with issuers of securities; hence, it has no other mean of compelling companies to provide information, although many issuers do so voluntarily. The Pink Sheets only has a relationship with the broker/dealers that quote stocks, not with the issuers of the stocks themselves.
Quotes and trading system are only open to registered broker/dealers, and those broker/dealers are subject to FINRA rules and regulations regarding their use of the Pink Sheets.
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NOW, DOESN'T EVERYONE FEEL BETTER ABOUT WHAT THE GOVERNMENT DOES FOR US ??
Oops...up .003 from LOD my mistake
Ended LOD
Price vol.
.05 -0.024 -32.43% 11,956,757
I really don't have a clue. I have the same resources as everyone else...none. If I can't find information online I'm out of luck. The court recorder might be able to help but I'm not certain how to establish contact.
Maybe the Windsor newspaper or Rennie if you have his number.
A few of the "Highlights from the 10-K
First, look carefully at the financial statement
Then read some of the statements.....
Technologies Used to Provide Services
We believe that the initial SOLVE service offering will be accomplished through the integration of the following software technologies:
"Targeting" software - used to pinpoint consumers' physical location and market availability; available from numerous vendors.
THEN READ THIS CAVEAT>>>>>>
EFFECTS OF EXISTING OR PROBABLE GOVERNMENT REGULATIONS ON OUR BUSINESS
As Internet commerce continues to evolve, increasing regulation by federal, state or foreign agencies may become more likely and our business may be subject to increase regulation in the area of data privacy, and laws and regulations applying to the solicitation, collection, processing or use of personal or consumer information. Any such laws could result in a decline in the use of the Internet and the viability of Internet-based products and services, which could harm our business and operating results.
DEPENDENCE ON ONE OR A FEW MAJOR CUSTOMERS
We presently do not have any customers for our services as we are still a development stage company.
3. LEGAL PROCEEDINGS
On February 10, 2000, the Texas Workforce Commission placed an administrative lien on us in the amount of $109,024 in connection with a claim for unpaid compensation by our former employees.
A default judgment was taken against us in favor of Marathon Oil Company on August 31, 1999 in the amount of $326,943 representing past and future rentals under a lease agreement, together with $7,500 in attorney's fees and post judgment interest at 10% per annum until paid, credit towards the judgment was ordered for sale of personal property by the Sheriff or Constable. We believe the personal property sold for approximately $28,000. To the extent that the property was leased during the unexpired term, it is possible that there would be a mitigation of the damages claim in our favor. We believe that some or all of the space was subsequently rented approximately 90 days later. The remaining $306,443 has been accrued in our financial statements under the heading Judgments payable.
Name and Principal Position
ALL IN THE FAMILY Hefty salary for a business that has no business
Total ($)
Gary F. Kimmons(1)
CEO, CFO and
2008
300,000 60,000 N/A N/A N/A N/A 135,000 495,000
Chairman of the Board
2007
240,000 50,000 N/A N/A N/A N/A N/A 290,000
Lance Kimmons,
2008
88,000 N/A N/A N/A N/A N/A N/A 88,000N/A
Director
2007
N/A N/A N/A N/A N/A N/A N/A N/A
Kathryn Kimmons
2008
85,300 N/A N/A 85,300N/A
Secretary and Director
2007
Legal action ? And how would you go about this legal action ? You would file against whom ? Attempting to get the SEC to do ANYTHING that remotely resembles action is virtually impossible. At one point, FINRA was contacted. That is even more of a laugh than the SEC. You have to realize that you are jousting with bureaucratic windmills here. Pause for a moment and think about the Madoff case. It took the SEC how long to move against this creep and they were notified many many months prior to their taking action.
Good luck with your legal action. Maybe you can find an ambulance chaser who will work por bono, yeah that's the ticket !
FRIDAY, everything on my watch lists is down
eDOORWAYS Corp EDWY:OTC Education help is ON
Sector: Technology Industry: Software & Programming
0.046 -0.044 -48.89% 5,578,034
Ooops, guess the market's perception is one of skepticism
Today is the day. Maybe PV will enter a plea unless his attny can come up with another delaying tactic.
Betting lies in the following categories:
1) enters a plea of not guilty... a trial date is set for Oct. 2012
2) enters a plea of guilty but with extenuating circumstances (the DEBIL made him do it)
3) enters a plea of nolo contendre ... yeah, that's going to happen)
4) attorney asks for a continuance while he further studies the intricacies of the case
5) Vucicevich asks for an apology from the Crown and monetary compensation
6) Vucicevich is a no show having fled to Lebanon or the Arab Emirates where he fits right in because he is so fluent in so many languages.
There are several other scenarios but they are less likely to occur.
Look at my msgs. and you can see I was touting this thing on other boards until I realized what they were doing.
You aren't threatening me by any chance are you ? Shorting ? I have never shorted a stock in my life nor was I trying to drive the price down. I sold this puppy and have gone happily on my way.
I posted for jjves who seems to be a bit nervous. BTW how's your silver investment doing ? LOL
We had realized that the software company’s data feed software shared many, if not most, of the underlying principles of eDOORWAYS’ “Power Key” model. The data feed software, which listens for subscribed symbols (e.g. “RIMM”), distributing real time quotes to all subscribers following “RIMM,” will process the same functions for eDOORWAYS’ “Power Keys.” This will allow real-time notification for business subscribers when consumers search for subscribed keywords in the “SOLVE” or other doorways.
So their "mining" for prospects entails recognizing your searches for keywords, i.e. new roof, new car, divorce attorneys, etc., grabs your IP # and forwards it on to the applicable "subscriber" business. If there is a sale completed because of their spy program, they expect a piece of the action ? Do I have that right ?
It's like when you shop for a contractor online and you fill in your name and phone number and you receive a hundred soliciting calls only THIS is insidious.
Let me stand in line for this one.
Click on HISTORICAL and the stock has been dormant for a long time. Became a yawner.
jjves...read this and determine if you see a moon rocket in the making. Then determine what you can live with, maybe a double dependimg on your buy-in price ? When/if it reaches your target, get out. You can always buy back in.
Austin Texas is their business hub. Last I heard, Austin wasn't exactly the GIANT of industry. A national rollout is expected ?
eDoorways will open its initial SOLVE doorway, covering the Austin, Texas market, on October 1, 2009. A market-by-market national rollout is expected to follow.
Not panic selling, just the usual profit takers. Lots of people day trading this
" not the greatest 10-k by any means " I would go a bit further and say it was dismal, almost embarrassing. If they can pull this off they should have an act in Cirque du Soleil. Thursday should be interesting
EDWY Grab it fast
TAKE A LOOK AT EDWY. Moving rapidly this week
Look at EDWY. Moving rapidly this week
Take a look at EDWY. Moving rapidly this week
Take a look AT EDWY. MOVING RAPIDLY THIS WEEK
TAKE A LOOK AT EDWY NOT PUMPING.......IT'S JUST A GOOD MOMO PLAY
I don't get L2s and the volume was quite high with respect to what it is on a normal day. That and the fact that it was sitting at .41 was what prompted my post.
Hmmm, selling on lots of volume. Wonder what that's all about. The problem with Chinese stocks is ...we are at the end of the news chain.
Not just Michigan, Sulja apparently has ties throughout the entire world. Who has not heard of the infamous Wessal ? There were ties mentioned to firms in Australia and Lebanon to name just a couple. Sulja's involvement with IBP of course opens international if not universal prospects. Why, there has even been talk of an Alpha Centauri venture. LOL
The only way this POS can be labeled "worthless" is if the SEC causes it to be delisted.
I can relate a phone conversation I had with an individual at the SEC. (this occurred about four months ago)
I had filed a complaint and he called and said he was responding to the complaint....(this after a lapse of approx. 6 months) I asked him how SLJB was still trading and he said he did not know. He said the SEC was far behind in investigating and prosecuting scams. He said he was referring it (SLJB) to the Enforcement Division whatever that means. It would appear that they (the SEC)are waiting for the OSC determination and decide where to go from there. Sad comment about the bureaucratic process in this country at this time.
I take it you mean LEGALLY, because it certainly has far surpassed worthless in any other imaginable context.
A very astute observation. Reminds me of the people in Guyana who stood in line waiting for their grape drink laced with cyanide, Valium, Penegram and chloral hydrate. Yummy !
WHY ? There's a whole board dedicated to SLJB-like stocks. First, you do some crack, then you pump some $$$$ into one of these winners.
total posts latest post
The POS Board. (POS) 53 8/15/2009 8:47:39 AM
I can find no reference whatsoever regarding the three types of cacti. I don't know that anyone (other than these people) is cultivating it. In Mexico, they grow and harvest agape (but that's not a cactus) for tequila. I can't find any information on it so I guess I will take their word on this.
That is what I thought also. I'll have to do some more DD regarding these cacti grow.
From the website...
The Company predominantly grows 3 species of cacti which are Mexican Pyramid, Mexican Milpa-Alta, and Mexican Queen.
E mail received re: concerns with presentation...
Dear Ms. Zhou,
Q. First, from reading the latest 10-Q it would appear that the firm has just 387 acres of cactus under cultivation at this time. This seems a pitifully small production area. Has any thought been given to acquiring more acreage to ramp up production ?
**** the 387 acres is enough for production for now, unlike other plants, cactus can be harvested a few times every month.
Q. I see that all of the firm's products are sold in Taiwan and the PRC. Has there been any thought given to export ? Of course pursuing the export market would also entail a production increase, thus my question regarding the acquisition of more acreage.
**** you are right, ckgt products are sold also in Hong Kong. CKGT Longer-term strategy is to expand its market beyond China into South Korea, Singapore, Taiwan and other southeastern Asian countries.
one of the purposes that mgmt is in U.S. Is also for biz opportunities in the U.S.
Q. I missed a good portion of your presentation but I heard no estimate of when cigarette production might begin. At what point is the company with regard to the process of production ?
**** in Q4, 09
Q. Given the advent of the new products, is there an anticipation of increased revenue in the next quarter ?
**** cigarette will increase sales by approximately $220,000 in the fourth quarter, 2009
The new patented hog feed is expected to increase 2009 sales by approximately $330,000.
Just for the record Hockmir, why don't you state the position of the "longs" as you understand it. It would save SOOOOO much laborious and ill rewarding reading. OR, maybe you can just state YOUR position re: Mr. Rennie's articles.
LOL O.K. I may haqve overstated "selloff" but the fact remains that they have virtually no idea of how to communicate with the investing public.
STILL time to look for another, better vehicle. All IMHO of course .
As you can see from the resultant selloff, there weren't many people impressed by the lack of information. Time to look for another vehicle !
Yep, really a bland presentation. If this is the best they can do, I don't have much hope for them.Maybe they just don't understand investor's expectations.
This is a very good example of why many people are no longer "buy and hold" investors. From a high of over $1.70 a few days ago to today's .91 ........ that's what I call "cratering". There are people who "day trade" who are very good at timing. I am not, therefor I am a spectator sitting on the sidelines. It has happened before and it will happen again. Good luck to the "longs"...I think it will be a long wait.
All IMHO of course. LOL
It is what is known as full transparency. Anyone who doesn't see what's going on deserves what they get........nothing ! Of course this has been true for months and months.
Read the post again. It is not a criticism, it merely states that I received no response from John.
If I were in possession of something so valuable, I would think long and hard about the patent process myself.
Ooops, missed your message before I posted my last message. My bad !~
Good question.....
I sent this e mail to John..
Hello John,
Thank you very much for your reply. First, let me say that I'm impressed with your accomplishments to date. From what I have read, you appear to possess integrity which is something sorely missing in today's market (and society at large)
That being said, I am particularly interested in the P2O process. Someone on the Ihub board stated that he had already signed up for a franchise and while I am not in that position, I DO believe there would be a phenomenal market for municipalities to own and operate a P2O facility. I can't think of a better application than turning the tons of plastic/rubber waste that would otherwise befoul the environment.
I am also intrigued by statements attributed to you concerning future acquisitions.
It would be my hope that you are able to move from the pinksheets to a legitimate exchange in the not too distant future. As I'm sure you're aware, there is a well deserved stigma attached to penny stocks, most of which deserve that designation.
In summation, I guess my only other question/s has to do with any proprietary portion of the P2O process, i.e., is your catalyst something that is patentable ? Do you intend to sell/lease the P2O units in the future ?
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John responded but did not address the issue of the possibility of a patentable catylst.