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You know funny thing is some folks on the board say Doug Furth controls 300 million shares? restricted shares....
Furth has had a lot of past trouble with:
GWS Technologies
Blue Chip (RE: Ever Glory Internatioanl EGLY)
Bimms Renewable energy
I found few other interesting things searching SECinfo.com , I need to read over before I post.
I am not saying Furth did not have counter suits and ongoing legal issues back n forth with these companies, what I AM SAYING is Doug Furth has had minimum 3 public companies make similiar allgeations of stock manipulation... IMPO when there is a lot of smoke youll soon enough find some fire.... Why do all of these public companies wind up filing lawsuits and making allegations of stock fraud when he is supposed to a consultant working for the company? Something not right with this picture.... IN MY PERSONAL OPINION
I can NOT find any info about it being thrown out of court? Please post link?
I have found (2) others dating back little further , this was most recent.
so u r saying Doug Furth gave u inside information? Interesting......
Here is one of MANY allegations of stock manipulation against Doug Furth and "the group"
First Responder Products Inc v. Douglas G Furth et al
IMO Watch out for Doug Furth "The Group" USING ILLEGAL "short swing" trades" > IMO
Plaintiff: First Responder Products Inc
Defendant: Douglas G Furth, Mark Fixler, Jag Enterprises LLC, Michel Attias, Brendon Attias, Timothy Garlin and Does
Case Number: 8:2008cv00586
Filed: May 27, 2008
Court: California Central District Court
Office: Southern Division - Santa Ana Office [ Court Info ]
County: Orange
Presiding Judge: Carney
Referring Judge: Abrams
Nature of Suit: Other Statutes - Securities/Commodities/Exchanges
Cause: 15:78m(a) Securities Exchange Act
Jurisdiction: Federal Question
Jury Demanded By: Plaintiff
http://dockets.justia.com/docket/court-cacdce/case_no-8:2008cv00586/case_id-416779/
LEGAL PROCEEDINGS
On May 27, 2008, as previously reported, the Company filed a lawsuit in the United States District Court, Central District of California, Case No. SACV08-00586 CJC (PLAx) alleging securities law violations and fraud against Douglas G. Furth individually and allegedly dba Millennium Consulting Group, Inc., a defunct Ohio corporation; Mark Fixler; JAG Enterprises, LLC; Michel Attias; Brendon Attias; Timothy Garlin; and various DOE defendants for disgorgement of short-swing profits in violation of the Securities Exchange Act of 1934, Section 16(b) and for recovery of damages for fraud and deceit. These defendants, collectively, refer to themselves as “the Group”. The amount of defendants’ short-swing profit liability is unknown at this time but the Company intends to engage in expedited discovery to determine defendants’ trading profits which, by statute, must be returned to the Company. The lawsuit also sought the return of one million shares of stock given to the Group Defendants as consideration for alleged consulting services which were never performed, and which allowed the Group Defendants to engage in, as the Company alleges, illegal manipulation of the Company's stock
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6166680-71351-76415&type=sect&dcn=0001116502-08-001559
IMO Until SPNG gets rid of the Doug Furth group the stock will not trade at true market value , IMO his group is a huge red flag and short or long he will make sure retail investors lose , that is the game , he steals from retail investors on BOTH sides of the trade. IMPO
Right on target , this is Doug Furth specialty , he is making insiders millions of dollars by squeezing retail investors ....
IMO until SPNG rids itself of alledged stock manipulator Doug Furth and "the group" the share price will never reflect the true value of the company.
he said buy more shares , he wants more of YOUR money.eom
You can sell restricted shares thru non recourse stock loans , no opinion letter needed, you can ALSO use restricted shares to SHORT the stock , no opinion letter needed, PLUS
Does anyone realize SPNG trades on the german and french exchanges? The #1 RED FLAG when a company has monster load of restricted shares is when you see it trade on these foreign exchanges , these guys will take those restricted shares no problem......
Since When and Why is Spongetech dually listed to trade on the Deutsche Borse?
SPONGETECH DELIVERY SYS. (KBT-XET)
SPONGETECH DELIVERY SYS. (FRAN (KBT-FRA)
http://www.quote.com/global/stocks/quote.action?s=KBT-FRA&fromSearch=true
Has Sponge put out any PR announcing this?
IMO this is another RED Flag .....
good info > Doug is BAD NEWS for SPNG , That might be the stench that is keeping PPS down , we should have hit 52 week high on DICON news , no doubt , IMO "The Group" is manipulating retail shareholders for personal profits... IMO
What is wrong with this stock?
Last few weeks...
They buy DICON for cash
PR massive sales over and over
PR and file share count reductions
Yet stock does not really move?
I have feeling the insiders know something we dont , this stock should have hit 52 week high on the DICON news IMPO , I have feeling we have something out of order working in the background....
imo
I agree , it is BUY time when Northgate dips to the $2s.eom
AWESOME TV commercials running on TBN for the New games!.eom
Anyone notice this from the FTXN board>?
2 posts about some merger or something? FYI...
They have made another shell company
RIVERDALE CAPITAL LTD.
https://esos.state.nv.us/corps/corp/search/corpsresult.asp?strCorpNum=E0298782009-3&strSearchType=CorpName
time to BUY when the blood is flowing red!
"cash success fee" is that fancy way to say a bribe?
Related to the sale of the participating interest in Block 2 to Sinopec, ERHC agreed to pay a $3 million cash success fee ($1.5 million was paid in March 2006 and the remaining $1.5 million was paid in March 2007) to Feltang International Inc., a British Virgin Island company (“Feltang”) that was responsible for obtaining Sinopec’s participation in Block 2. ERHC will issue to Feltang 5,250,000 shares of common stock and warrants to purchase 6,500,000 shares at a fixed exercise price of $0.355 per share. The common stock was valued at $4,803,750 based on the quoted market value of the common stock on the date Sinopec signed the production sharing agreement.
http://www.secinfo.com/d12Pk6.sFM5.htm
No y dont u tell us , u obviously r looking for forum to tout it , let it rip , im listening...lol
IMO > BEND OVER GRAB UR ANKLES > KISS UR INVESTMENT GOODBYE > GENE IS LAUGHING ALL WAY TO BANK W UR HARD EARNED DOUGH....IMO
I have followed TRIB since BEFORE it got FDA approve on aids test in USA, that was first run from $2 to $7 on rumor of approval, then bought sold another couple times w that approval and other news, bought again last year when it tanked to under $2 hoping for quick flip , I knew it would come , TRIB is solid , way more then typical one hiv test company or one product or one country sales even,they truly r a gem of a yet to be truly discovered and truly valued company! GO TRIB!
MASSIVE CONTINUED DILLUTION.eom
Nice , been holding TRIB for long time , I had flipped it years ago and always came out w a double , this last double took a lot longer , i sold some , holding majority for $7, it is on its way IMPO
another monster good post.eom
ding ding ding ding.. we have a winner...eom
BE Clear - car does NOT get 110mpg , it gets 110mpg"e" - what a bunch of BS! He is using a mathamatical energy conversions of e85 vs gasoline, total BS IMO
Listen closely - it does NOT get 110mog , it gets 110mpg"e" - total play on words , what a TOTAL scam.... I now see y he is getting involved with revenge and peter , these guys fit well together , SCAMS IMPO
I am holding shares, not sure y asking relevant questions is such a problem? IMO they will grow , get insured , develop the company , or go down in flames when some kid eats a sponge, or someone washes dishes with dog dip and gets sick etc... One small lawsuit could wipe out years of profits.... They have to be considering some form of product liability insurance or have some in place.. I guess it is good question for conference call or IR, no one hear is willing to discuss the question in ernest .....
BE Clear - car does NOT get 110mpg , it gets 110mpg"e" - what a bunch of BS! He is using a mathamatical energy conversions , total BS IMO
110-MPG Wonder Engine Quits the X Prize
By Ben Mack June 4, 2009 | 8:04 pm | Categories: Alt Fuel
An Ohio entrepreneur who claims to have developed a 400-horsepower wonder engine that gets 110 mpg has withdrawn from the Progressive X Prize competition just days after opening a factory to produce the super motor.
Doug Pelmear, president and CEO of HP2G, said it is “no longer in the company’s best interests to compete in or be associated with the Progressive Automotive X Prize competition.”
And why not?
Well, for one thing, the prize has been cut from $7.5 million to $5 million, he says in a statement posted Thursday. And then there’s the fact that the competition has been moved from this summer to next summer, which doesn’t fit “into the business plan and business timeline” of his company because he wants to be selling engines by that time. He also accuses the X Prize of “a problematic conflict of interest” because it allowed one of the teams to have a say in crafting the rules.
We’ve been looking forward to seeing HP2G compete in the X Prize, if only because Pelmear might finally explain how he’s getting triple-digit fuel economy doing 70 mph in an ‘87 Mustang (pictured) powered by a 400-horsepower V8 engine that burns E-85. There’s a lot of skepticism about his performance claims, but Pelmear is forging ahead. He opened a factory in Wauseon, Ohio, on Monday and says he’ll build 500 engines this year.
“Ohio has a lot of people with qualified experience working in the automotive industry. It’s also where we’re currently based and is therefore a natural fit,” Pelmear told Wired.com. “We plan to take this revolutionary technology abroad, but I want production to stay in and benefit the US.”
Pelmear has been peddling the E-85 super engine in his Mustang for awhile now, driving it long distances to prove its fuel economy and bringing it to the Detroit auto show to get some exposure. But so far he hasn’t offered much of an explanation about how the engine works or how he’s getting such great fuel economy. That didn’t keep local politicians from doing the grip-and-grin with Pelmear on Monday.
“I just want to add my voice to what I’m sure the other officials are saying,” Ohio state Sen. Steve Buehrer said, according to the Van Wert Times Bulletin. “We have a business starting on a day when at times we want to be overwhelmed with the bleak news of the economy and certainly the auto industry. This is an exciting opportunity for I think all of northwest Ohio.”
Pelmear claims his engine is based on a design his grandfather came up with in the 1940s, but he didn’t bother displaying one at the factory opening, the Bulletin reported.
All he’ll say is the engine, which he’s spent a decade developing, decreases heat to increase efficiency to a point where there is no need to use a catalytic converter. He claims to have run the engine on an EPA dynamometer and recorded rock-bottom emissions ratings that are less than half those of current cars.
But wait. There’s more. Pelmear says his engine will cost about the same as the one you’re using now.
“My engine does away with a lot parts used in present-day engines, like the catalytic converter,” he told us. “This therefore offsets any substantial price increase created by the development of new technology.”
The company plans to sell its engine globally, but it is still in the process of seeking an international patent. Pelmear says several foreign automakers are interested in the engine, but of course didn’t identify any of them.
Still, he’s caught the attention of Revenge Designs, an Indiana firm that wants to use the HP2G engine in the Verde luxury sports sedan (pictured) it plans to bring to the Los Angeles Auto Show.
“Years back, I met Doug Pelmear at an auto show,” Peter Collofari, the company’s president and CEO, told Wired.com. “He informed me of the development of his new engine and then for some years after that I tried to assist him with his project in whatever way I could. On account of our long standing relationship, I think we both can agree that this is a good marriage.”
We’ll wait until we’ve seen the first child of that marriage before agreeing with that.
Photo: HP2G. Rendering: Revenge Designs
http://www.wired.com/autopia/2009/06/wonder-engine/
OMEX is a lot more then just the black swan find, these guys are the real deal, IMO we are going to have a new find that will replace the black swan news, and IMO in the backround we will settle with Spain and make deal to split or even cut out spain from the black swan find.... Plus the TV show coming back for another season is really good news for the company , what a really good show , IMO the market oversold OMEX in a big way on the black swan news , Again , OMEX is wayyyy more then the black swan find....
I am long PAL common stock and call options , JAN2010 CALL $5s , IMO Palladium is in short supply, undervalued and headed for higher prices. IMO PAL is set for a summer run and later in year when the new Gold mine starts to make news, and reflect positively on the balance sheet, we should have a very good close to the year. IMO
Lots of talk on smart grid = Good news for ABTG!.eom
IMO we are going to see Alaskan dilution in CDE near term future..... Lets hope strength in silver spot price can hold pps steady...
Please be real.... If management believed this and were not part of the problem they could uncover a NSS a number of ways. lol... pinksheet with no revenues blaming NSS for the pps... lol... you must have had to put a lot of thought into that one...lol
Not sure who is interested in the TP? Now having a safety net such as liability insurance to protect long term investors seems like something worthy of disclosure?
I would disagree.eom
obviously u agree , it is something that needs to be adressed , they have money money now , why not invest in insurance , they must have something some sort of product liability insurance?
SPNG has never disclosed anything about carrying liability insurance either , it would only take one stupid and or lawsuit happy person to exploit the company , I hope they have warning labels clearly marked on the products?
I would hope the packaging would have some warnings?
I agree They wont do a R/S , becuase No business here , it is just a dead pinky , this stock is a total pink scam IMO