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Items 2-4 are concerning CURRENT management.
Wake up dude. You are getting robbed.
I am sorry, have I missed something??? You are in agreement with everything they have done so far??
1) Parsons committed micro-cap fraud via a pump-and-dump scheme. The stock price fell from .55 to .009 and he was given a golden parachute for the honor. Thanks buddy!
2) Based on the latest disclosure all of the insiders have sold or transferred their shares. This means you and the rest of the shareholders are holding the bag. Man they are doing a great job!
3) They revised earnings from positive to negative without disclosure or a reason. This means the last pop in share price was artificial and all of the investors that bought during this time were misinformed. Would be interesting to see who sold those shares...
4) They are most likely managing earnings for the current quarter. Guaranteed the rest of the "deferred revenue" is recognized without any disclosure. They already committed so many frauds, why not one more right?
Like I said...hope is eternal.
It sure has taken a long time for people to find Item 14 in the Disclosure and realize it is outright fraud. You can say that again Richard!
I mean did you read everything??? Its horrible. It should do a lot more than just get management moving for full disclosure. Their actions are prerequisites for jail time. And from the looks of it there are some board members (private board included) that are complicit with their actions...
Will be interesting when the veil is lifted and the gloves come off.
Crickets eh?
Mark my word. If there is not full disclosure on the transactions by the end of the week, I will notify OTC Markets of the violation and all of the latest paperwork will be all for naught.
I will not stand for this abuse and fraud. If we do not get answers soon, this will be just the beginning of management's problems.
Its funny, no one on this board has anything to say about the insiders selling/transferring shares.
There are so many people on this board with connections inside the company, do you not want to know what happened? If I were you, I would at least let management know that they will lose their "current" status if they do not disclose when and how all of the previous insiders sold/transferred shares. If it is not disclosed in full by the end of the week, I will personally get the ball rolling.
You are correct. Watch the shoe drop.
Am I missing something? I did not say a word about Clemons because the important thing from the disclosure is that NONE of the insiders still own stock. Regardless of how that transpired, IT IS AND WAS ILLEGAL.
How many times are you guys going to stick up for CPWY when they commit countless acts of fraud?
And my guess, the next act of fraud will be with earnings management. Won't be long until the new financials are out. Pretty interesting that the deferred revenue was retracted and only partially recognized....wonder where that other portion is going?? Usually with deferred revenue you get a footnote....especially when it accounts for 99% of earnings.
As a shareholder, I am outraged at the company and its management. Though it has been a long and bumpy ride, this is where I depart. The only thing coming to CPWY is a string of lawsuits and jail time.
Hope springs eternal...
The fact that no one has anything to say speaks volumes. With all the connections that have been purported on this board, I am just shocked not a single explanation has been offered. The writing is on the wall.
Deferred Revenue
I am willing to bet the house that the remaining Deferred Revenue shows up in the next set of financials. Starting to smell a lot like earnings management. In case you are not aware, that is illegal. As shareholders, we need full disclosure on the deferred revenue. What is it? Where did it come from? Why was it's recognition retracted? What does CPWY need to do to fully recognize it? When does the company estimate this will be completed?
Things to note on new Disclosure and Updated Financials.
Deferred revenue is not being recognized as it had been. Now we sit flat for the year.
A big item: ALL of the original beneficial owners are no longer listed in Item 14. This includes Parsons, Parrish, and Innovation. Cede & Co is no longer listed either, but they were just a custodian. Have no idea where the shares are now though...
Anyway, getting back to the main point...NONE OF THE INSIDERS ARE PRESENT ANYMORE. I have been a big supporter of CPWY, but I do not know how you can spin this in a positive light. In Item 14, you will find a Parsons relative (???) and a new LLC. Both have fewer shares than accounted for by the previous "insider" disclosure. This means that Parsons, Parrish, and/or Innovation have either sold shares or they shuffled shares into different entities. Based on the Disclosure Guideline, this is in violation of maintaining current information. This is material and would have changed investors' actions had they known insiders were selling. And I quote.
Disclosure and Updated Financials Released
http://www.otcmarkets.com/financialReportViewer?symbol=CPWY&id=76663
http://www.otcmarkets.com/financialReportViewer?symbol=CPWY&id=76665
And it should be arriving in short order if they want to stay in the Current Information tier....it's been well over a year (since Feb 15th 2011 to be exact).
I think Bioman just wants the disclosure. It has taken a very long time to release baseline shareholder information.
Day traders? In CPWY? It traded a total of $500 today. Some days it trades under $100. Having a hard time thinking there is enough liquidity and price action for a day trader.
Nice! Thanks Richard. Looks great!!!!!!!!!!!!!!
Does the company own the rights to the additive? Did they develop it?
GO CPWY!
??? I would hope management wouldn't release something of this magnitude if there was a chance it did not work. I am really confused now. Obviously there are people that know a lot more than others, and most of the information seems to be material.
What should people do if the trials "don't prove out"?? I think the "cries" would be more than justified....
Cheap Investor, can you show us how you calculated the savings? Thanks.
I am really confused. Are you trying to sell this report/service to CPWY?
Nice! Thanks.
No, just the BioClean-Diesel PR. Didn't know if it was stickied or not.
Sorry to hear about the flu.
Can you show us how you arrived at the $1000 savings? I am with Bioman, I can't seem to find an substantive information backing up the claims or any numbers to it. I am excited about the new product and it should sell incredibly well if everything stated is correct. I just want to know more about it.
Also, Richard, where did the link to the PR go?
I was hoping for that as well. Keeping my fingers crossed. Sounds like revenues should be in line with last qtr.
One confirmed contract and this is going to pop.
I hope that means the million range.
Any ideas on how shareholders can help CPWY? Any eta on the disclosure statement?
When you say level off, do you mean ~0 for revenue or do you mean ~1mm like the last two quarters?
Thanks Richard. Where do you think revs will be for the qtr?
What tax credit is expiring? Also, where do you think revs will be? Above 1mm? Less than 500k?
If you look at the previous three filings you will see that revenue has really been picking up. For the 6 month ending in June 2011, revenue was only $50,639. 3 months later, YTD revenue soared to 1,070,009 and at year end that figure stood at $2,301,369. Just to note, scumbag ex-CEO Parsons stepped down June 13th 2011. The incredible turn around is proof of Clemons, Parish, Chynoweth, et al capabilities. Very excited for the next set of fins. Quarter ends this Friday.
Does anyone post on this board?
What is this to? I don't know many people that would click on such a bizarre link without a description.
Definitely holding nicely. Did not reach a new low or break the psychological penny barrier. Next run should really pop. All we need is a little news or the disclosure.
100%_correct_that_delayed_financials_are_not_good.
I have to say the designs from Lyric look like something a 7 year old would pitch. "All You Need Is Love." I think this company is going to need a lot more than just love...
Good luck to you and the almost 650 million shares.
Now up to 500k at .01.
Somebody really wants those shares for not a .005 penny more.
Doubtful until some news.
The disclosure or a contract would be really nice right about now....
A lot of support at .01.
Funny thing is there is a bid of almost 300,000 at .01 and an offer of 5000 at .0105. Talk about a tight spread. The bid really doesn't want to pay that extra $150 to get filled.
Got about two months before next set of financials. Really looking for a good statement from management and continued improvement in numbers. Hope we get an update soon....
Did you just get the full million?
Probably a good thing. You'd be down ~30%.
Can I ask, why is anyone trading this thing? Especially when it is trading above a $?
I don't know anything about the company, but the fact that a crook/moron/*scumbag like Parsons would call the CEO a fraud says a lot.