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This discussion is far from being over. It will last for months just like the company but some of the players will be different. Clarifications real soon.
You're not out of the loop. It's only a rumor and RH has a lot more on his mind right now. Upcoming news and it's not what people might think.
Why was it OK for RH to announce a 1.4 billion dollar of contracts while Tony Papa was dumping EFFC and all of a sudden, the same guy would be in bed with PGYC? Your resonning puzzles me. Taking about being in bed, I better not say too much because your buddies monitors will delete my message and you won't see my reply even if it's very pertinent.
Pumper, pumper, pumper....hhmmmmmmm! That would fit in the first category "buy cheaper" to dump it later. Most of the time, one can tell a pumper because he bad mouth the stock when it's high to lower it and is less vocal when it comes down because he's the one lowering it but wants a second kick at the can when he's done.
Proof or allegations???? Your allegations are not proof to my knowledge.
Usually, a meeting to vote on a buyout is reserved to shareholders only. If one doesn't own shares, one can't get in unless this meeting is different.
Contract/agreement, that's semantics to me. I stand corrected.
Agreed
The odds vary in relation to what you know. In your case, because you are sure that it's a scam, the odds are zero. For the person that know that's it's a 100% sure and has seen the contract, the odds are 1 to 1 (100% sure). Anybody else, the odds vary with knowledge of who is involved, your previous experience with these people, the companies involved and so on.
In Vegas maybe but not the Loto649. It's more like 14 million to one of winning the grand prize.
If you don't like the stock, just stay away from it. It's that simple. If you read the posts on both EFFC and PGYC, both pretend that the stocks are scams. You happen to join the club in this one while supporting EFFC. I happen to have invested in both. We'll if you are or I'm right.
Don't put words in my mouth, I never claimed that PGYC did something for the shareholders but did claim that RH never did anything for the shareholders of EFFC. Don't cloud the issue like you love to do so often. In your own words, you be confused again.
I strongly believe that there's a little game being played here between some trying to get it up for value and others trying to keep it low for set a trap to buy cheaper. In the past, deSantis has been accused of doing so whether the allegation was right or wrong.
Maybe there's a storm brewing, maybe a good storm!!!!!!!
The same applies to EFFC which I own close to 5 million shares while most posters say it's a scam. I trust PGYC management although they are only the distributor of a product while EFFC has a terrific product (in my opinion) plagued with weak management. To be successful, one needs both but PGYC is more short term and easier to fix while the management of EFFC stalls all efforts and buries the product into the never never land of RH's fantasies. Now, with new management without RH's interference, EFFC has a lot more potential than PGYC. The difference also exists in the financial resources required for the success of both companies. PGYC requires little resources while RH's view of what he wishes to do requires millions which he can't get because no one trusts him anymore even with the CRAM as collateral. I hope that both do well but RH does little for the shareholders. If you can name something that he did for us and not for himself, be my guest and tell me.
Somebody wants it low to buy more. I'll be one of them.
Why should we care as long as it's at .42 for May 22 and June 9th. I don't care what it is in between. As a matter a fact, the lower it is the better because I can possibly buy more.
I bought at .055 a couple of months ago, sold at .065 and bought again at .031 which allowed me to have close to the million shares. Now I'm waiting to the end.
I's already committed and have almost 1 million shares. I definitely hope that it's not just a pump and dump. Just remember that the manufacturer of whatever we're selling is the disgruntled deSantis.
I don't mean to rain on your parade but these contracts are only good as long as Techtane produces the goods. PGYC is the distributor, not the manufacturer. I hope that this is real and not just a hipe to push the stock up so that someone can dump at a higher price than last week!!!!!
Sounds like they busted your plan to buy low!!!!
Last message of the day.
RH is not a pumper and not a scammer. He's guilty of lying to investors, one of which was the 1.4 billion $ of contracts while his buddy, former owner of the shell was dumping, hiding contracts to investors and not making offers public, which is illegal in a public company. He's not a scammer because his product works and not a pumper because his shares are frozen. Like I said before, RH's main fault is his inflatable ego which makes him do all this stuff and his total disregard for the shareholders.
Have a nice weekend to all.
You've got to be kidding. RH has his own interest and ego at heart, otherwise, we wouldn't be sitting on contracts without submitting them to a vote. He doesn't even inform the shareholders, fearing that he all mighty wisdom might be overstepped by them. RH thinks that the company is his and probably barely acknowledges that it's a public company. It's RH for RH and shareholders are only in his way.
That jacquet is probably rented otherwise, he wouldn't have it anymore like the Merc.
They've been gone for a while now and the legal suit has already been filed.
I think that he's working on it and might actually break it.
Any one who would invest a large sum of money in EFFC would be savy enough to do a proper due deligence. That process would immediately identify RH's lack of management skills, dishonesty and his tendency to BS and, would impose their own management team to head the company. RH, like he's done before, would refuse and we'd be back to square one. No one wants to work with RH, not even those great managers that he PRed about a couple of months ago. They've left and are nows suing him . They joined the club. There'll be more to come soon. This never stops and the company is going nowhere.
ECT as we discussed yesterday.
You're bang on. The company can survive without RH. With RH on board, we're screwed and going nowhere. I feel bad for RH, the co-inventor of that great product, but with him on board, the company is doomed. RH is so unpredictable that the company could be bankrupt tomorrow and he would still be sound asleep dreaming of the great RH. That guy is full of himself and a legend in his own mind but no one else, I'm afraid.
He doesn't.
I think that there're more requirements to be met such as a proportion of operation's money invested which is basically nothing. I don't think that it's that easy. Hope not!!!!!
He tried more than a month ago and was refused.
I'm exactly in that position and now, we're too close to the deal to start speculating. 2 weeks ago for fine but not anymore. I'm waiting.
Thanks, I guess that we'll find out for sure at the meeting but that will be kind of late. We need to know before that for the vote.
For how long??? As long as the deal with Techtane is in force? 99 years???
If the deal falls through, there is no product. Techtane is the manufacturer while PGYC is the distributor only. No deal, no product to sell or finance.
Here is a copy. I always keep of company of all news bulletins:
Patriot Energy Confirms Receipt of an All Cash Purchase Offer
2009-03-30 09:45 ET - News Release
MONTREAL, QUEBEC -- (MARKET WIRE) -- 03/30/09
Patriot Energy Corporation (PINKSHEETS: PGYC) today confirmed that the board of directors has received a formal purchase offer from a Fortune 500 Corporation.
According to the company, the initial offer, which was structured as an all cash transaction, was short of the discounted cash valuation of the carbon credit trading revenue, which is estimated at $113,715,000 or approximately $0.57 per share. The company is continuing its negotiation and believes that an all cash purchase offer could be concluded shortly and is expected to be somewhere between the initial offer of $65,000,000 or 0.33 per share and the net discounted cash value of $113,715,000 or $0.57 per share. However, it should be noted that upon receipt of a new offer, several milestones will need to be met including a legal and technical due-diligence, and a shareholders meeting to seek acceptance of the offer. Management is very confident that the due-diligence both the legal and technical will be concluded without any issues. The Fortune 500 Company has requested that its name be kept confidential until such time as the offer is accepted by the board of directors and presented to shareholders for approval.
"We had been in discussions for sometime, but this sudden formal all cash offer did catch us a little by surprise" said Tony Bisante, President of Patriot Energy Corp. "We have a strong product, a sound business model and the green shift has forced the hands of many multi-nationals to action. Carbon credits and the reduction of America's dependence on foreign oil are strong advantages in the present and the future economy" further added Mr. Bisante.
About Patriot Energy Corporation
Patriot Energy Corp. is a management holding corporation, which owns a wholly owned subsidiary named TelTeck Solutions and owns a 99 year exclusive leased license agreement with Tectane Technologies Corporation for the Dual H2O Engine Oxygenator and New Tri-Brid Engine (Electric/Flex-Fuels/H2O) Technologies. Patriot Energy specializes in the development and marketing of energy efficient technologies with a focus on reducing America's dependence on Foreign Oil.
Total Shares Outstanding (fully diluted): 199,500,000
www.patriotenergycorporation.com
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contacts:
Momentum IR
Max Gagne
514-913-0351
877-253-7001
I think that it would make a huge difference for the shareholders but don't get me wrong, I just want him out of it for that purpose but he probably should at least get recognition for the work that he's done. I keep saying that he's a bad manager but he sure has proven his worth as a software developer. He should get some recognition for that. I don't hate him, I want to make money and so do all the other shareholders. That's all.
The SDS is to the CRAM what the Lada was to the Fiat: a new look for an old outdated technology that Bruno hasn't used in the development of the CRAM. They are different beast that can't even compare: an embarrassement.
God I hate to say this but I agree with you 100%. It's killing me. LOL