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from the lawyer: "I received your telephone message and if my response to you does not address your concerns, please feel free to call me again. When Sunx Energy Nevada
(private company) entered into reverse merger with Macrosonic (which trades on the pink sheets), Macrosonic became the parent company and issued shares of
stock to the Sunx Energy shareholders in proportion to their respective equity holding. Sunx Energy then became the subsidiary through and whose business operations will continue through Macrosonic. We filed an amendment to the articles of incorporation for Macrosonic because it had so few shares authorized. In the amendment, we changed the name of Macrosonic to Sunx Energy and increased the authorized capital so that if Sunx Energy should desire to enter into joint ventures or other acquisitions (which typically require issuance of shares), then there would be sufficient number of shares available. The outstanding shares increased because it is a combination of shares outstanding of Macrosonic plus the shares issued by Macrosonic to the shareholders of Sunx Energy private.
Let me know if you have any further questions."
Thanks,
Diane
Any thoughts appreciated =>
I just got this email from a TA about the MSNI to SNGX name change. And then an email from their lawyer asking if I still had questions (I never sent her an email, so the company sent her my email). It all seems fishy to me. The email, the attachment and the information I have are below.
MSNI had only a 25K float, OS and AS and now it shows 40M OS and 200M AS under SNXG without any volume whatsoever
EMAIL:
(attachment is copy of TA name change form without a FS or RS)
Dear XXXXX,
Per your question below; increasing the authorized shares of the company does not dilute the shareholders. Attached is a copy of the NASDAQ TA Verification form. As you can see, this effected a name change from Macrosonic to SunX. Macrosonic shareholders were diluted by the issuance of shares to SunX due to the reorganization of the company but this was approved by a majority vote. In addition, the Company aquired assets as a result of the merger. Per your question, just because the authorized shares increases doesn’t mean that the outstanding shares increase in the same proportion. Your assumption would be incorrect. There was no provision for this as part of the merger. Increasing the AS does not mean that the Issued and Outstanding shares has necessarily been increased. Should you have any further questions, please feel free to contact SunX legal counsel per the cc above. As you are aware, investing in Penny Stocks is not for the faint hearted and requires some degree of ability to take risk. We cannot value your investment or suggest what you should do as we are not qualified or licensed to provide legal, accounting or investment advice.
Whitney Lund
Operations Officer
TGLers please help me =>
I just got this email from a TA about the MSNI to SNGX name change. And then an email from their lawyer asking if I still had questions (I never sent her an email, so the company sent her my email). It all seems fishy to me. The email, the attachment and the information I have are below.
MSNI had only a 25K float, OS and AS and now it shows 40M OS and 200M AS under SNXG without any volume whatsoever
EMAIL:
(attachment is copy of TA name change form without a FS or RS)
Dear XXXXX,
Per your question below; increasing the authorized shares of the company does not dilute the shareholders. Attached is a copy of the NASDAQ TA Verification form. As you can see, this effected a name change from Macrosonic to SunX. Macrosonic shareholders were diluted by the issuance of shares to SunX due to the reorganization of the company but this was approved by a majority vote. In addition, the Company aquired assets as a result of the merger. Per your question, just because the authorized shares increases doesn’t mean that the outstanding shares increase in the same proportion. Your assumption would be incorrect. There was no provision for this as part of the merger. Increasing the AS does not mean that the Issued and Outstanding shares has necessarily been increased. Should you have any further questions, please feel free to contact SunX legal counsel per the cc above. As you are aware, investing in Penny Stocks is not for the faint hearted and requires some degree of ability to take risk. We cannot value your investment or suggest what you should do as we are not qualified or licensed to provide legal, accounting or investment advice.
Whitney Lund
Operations Officer
found it on the net
North Carolina EPA meeting today to discuss Wastewater system permits and approvals http://www.deh.enr.state.nc.us/osww_new/new1//images/IandE_Dates2008.pdf
from Claude Smith (IWS) =>
--------------------------------------------------------------------------------
Subdivision Wastewater Treatment - The Promise, The Myth, The Reality - a Different Perspective
As the Developer spars with the county with the engineering designs of its latest subdivision, preparing for ultimate approval by the State’s Department of Environmental Control, it becomes intriguing to analyze the process and what is really happening. It is a unique combination of business entrepreneurship, highly-trained licensed contractors, hard-working government officials, and a host of tangential participants making the approval process one of the more interesting aspects of economic growth in this or any country. Let’s look at what this process is really about.
The Promise:
The process begins with the Developer, whether a local real estate person, attempting his first soiree into the community development arena, or an established company with just another business opportunity facing him. Each, whether small or large, identifies a “business value” for the project. The future is bright, the opportunities great.
The Developer begins organizing his team, putting people in charge of particular aspects of the project. For larger projects, there are many people and companies involved. For smaller projects, the Developer takes many of the interface responsibilities, but in both cases, a team is built. A proper Civil Engineering firm or individually licensed civil engineer becomes part of the team, and the process of providing the background to prove site and project worthiness begins. The promise that is inherent in any development project, begins
The Myth:
The myth is that the schedule originally drawn up, will be met, on time and within budget and will meet all the promises made by the participants.
The Reality:
It would take much more space than this article practically permits, to describe this myth fully. But let’s take a shot at the major reasons. And from the person paying the bills, the Developer, it isn’t pretty.
1) The Process has liabilities like a corporation. In a corporation, the legal process in the country is designed to protect the shareholder. In the Development process, the participants to the process protect the new homeowners. In the corporate world, if the corporation willingly disregards the shareholders, the corporation and its officers and directors can be punished severely.
In a project that goes wrong, everyone involved in the process is investigated, therefore the penalties for messing up your portion is severe. So, just as in corporate life, at least well established corporate life, extra time is required to analyze and make sure that no mistakes are made. And that is the keyword, no “MISTAKES” can be made. And PREVENTING MISTAKES takes time.
2) The process is not built for performance. This relates strictly to how people are compensated for contributing. When the Developer accepts that responsibility, he pays. It is his role to pay. He is the risk-taker. Almost everyone else is paid regardless of what happens. The Civil Engineer firms bill on an hourly basis, and even if they have a fixed price contract, it is front-loaded so they don’t absorb governmental approval delays.
The Governmental agencies reviewing the project have “standards of performance” within their organizations, but they are standards that are defined by them and, understandably, very protective of them. With Government agencies notoriously understaffed, the standards are “employee-friendly” and the incentive to work harder or faster, may seem like a possibility, but, in reality, doesn’t motivate the government employee to act in any way that recognizes that the Developer is paying bank interest every day on land he can do nothing with until wastewater approval is reached. Don’t blame the Government employee, blame the process.
3) The process is highly regulated and licensed. Only licensed people can work in this process - specifically civil engineers and licensed contractors. Thus, in states where development hasn’t previously occurred, it is unlikely that we will have the technical manpower readily available to do a project. With less money, the Developer may pay for inferior, but licensed, help, however the approval process will be delayed by this inexperience. Similar to the world of teaching, tenure and credentials rule - so new, bright and forward-looking talent, can be stifled in the system.
4) All levels of government are involved. That means local, state and federal. Thus, each government bureaucracy has its fair shot at looking at and evaluating the project from it own perspective, perspectives, by the way, that can be at various odds with each other.
The developer and his team, has to satisfy them all before he can do something, and the process of just getting into the first meeting at the lowest level of approval, can be very costly indeed, just for early engineering and site work. And to get into that first meeting and be turned down is devastating to the Developer. So each presentation must be well thought out, completely conforming to all laws, administrative rules, and desires of each governmental agency, and presented in such a way that there will be a minimum of delays in passing approval. It is quite an effort, indeed.
5) Wastewater treatment responsibility is, by default, given to the engineering firms. The engineering firm has its own ideas of what might be best, and plugs in its own wastewater solution, either working with local equipment distributors, or friends they have worked with in the past. It tends to be local, and it tends to be based on movement of hardware to solve a problem, instead of providing a true wastewater treatment interface for the developer.
Remember, the wastewater treatment provider has no way to make money until his equipment is ordered. And, in such a highly complex and regulated process, it is unlikely that an equipment distributor has the knowledge or time to put into the proper sizing and planning for the project. Thus, whether the approved equipment manufacture has the best interest of the Developer at heart, the weakest link, the local sales rep can, without too much effort, make a mess of the wastewater treatment design and installation, promising things he can’t do, and not understanding how he must interact to make the process the best and most cost-effective for the Developer. And, I won’t even mention the unscrupulous reps who gauge the Developer, price-wise, and never really deliver.
6) Intentions are not understood. Each party has his own job in the process. And, these parties are a unique combination of public and private personalities, with different lifestyles, visions, and responsibilities. What is good for the engineering firm is not necessarily good for the County Commission, etc. And there are valid and honest reasons why they may differ.
For example, a county that does not wish to grow may have the greatest project in front of it, but it will change the heart and soul of that environment. So the commissioner will seemingly fight progress, even though, he is truly representing the view of his or her constituents. These types of philosophical disagreements can result in endless delays, more bank interest for the Developer, and emotional frenzies that only work to exacerbate the process and delay it further.
Well, there are many other reasons to beware before entering into the development process, but these are a few. The above listed realities exist in our commercial world and are imbedded in our system. Not all projects exactly fit the profile, and not all projects have each of the characteristics as part of their delays, but most projects are late and over budget because the realities, as listed above, are never quantified properly, especially for new entrepreneurs on their first development project. As I add future comments, I will try to look at each of the above, and others, and come up with recommendations that can be debated and better understood. I hope, that as an outcome, each person’s positions are better understood, and projects move through the cycle much more quickly.
My company has its place in this equation, and you will see that bias in my discussions. But I do believe that projects that can help the community’s economic future, and can make the environment better for having them implemented, should be the cornerstone of our building and development process. And, with the scarcity of water and other major resources, it is time for us to evaluate how we’ve been doing business and see if there is a better way for all of us - the wastewater professionals, the new homeowners, existing residents, taxpayers, legislators, etc.
Claude Smith
CEO/International Wastewater Systems
President/RCC Holdings Corp.
I am still in and buying more, any timeframe on the releases?
PPS due to sellers getting out from low low buys, this will only help us rise quicker once we go.
TA says no dilution!!!!!
I am waiting for more funds to clear myself.
L2 spread out now, .02 easily in reach with any volume, come one come all, get the cheapies!
No shares are available!!!! Any buying and we move up!
RCCH .013x.015 this is the week
This will be the last week to get in at these levels!
Out for rest of week, see you all Monday
Thats what always cracks me up....once we get through it, every one will chase and they could hve gotten in here!!!!
RCCH bid building, going to explode soon!
RCCH bid building, going to explode soon!
RCCH 107K share buy at ask!!!!!
RCCH 107K @ask, could be going!!!!!
Needs some buying pressure and we go hard!
RCCH bid ut .013x.014 now, .02 easily insight with .05 not far behind.
RCCH bid ut .013x.014 now, .02 easily insight with .05 not far behind.
RCCH being slowly accumulated, expecting PRs next week on some big contracts.
People are still on vacations, should get busy next week.
IMO you are correct, PR Tuesday, and then people will wonder why they didn't buy earlier
actually, I see them going OTCBB just ffor respect reasons
Nervous, I'm excited. The reason people miss these plays is that they wait for the huge move and then try to get in instead of doing the DD and getting in early. I have done the DD, talked with Mr. Smith, seen the systems, researched the EPA approval. This is the real deal. This is the time to get in early and not chase. It is times like these that make the difference between a 1000% gain and a 100% gain.
Once the news starts rolling out, the gap will be incredible IMO.
Morning all, slept in, here are my expectations:
They have brought all the filings current. I expect them to move off the pinks.
They have EPA approval, so they can put these in any states without having to get extra approvals. They can build these in any state. There will be many more contracts coming.
News will start coming out now that all of their ducks are in a row.
RCCH DD=>
IWS owned by RCCH does whole subdivision waste water projects subdivisions
pictures of sites already running: http://fluiddynamicresources.com/sites.html
Their system is approved for use in all 50 states by EPA:
http://www.epa.gov/boston/assistance/ceitts/wastewater/techs/dclesbr6000.html
http://www.deq.state.mt.us/wqinfo/Nondeg/IWS6000_lvl2_approval_75.pdf
Also owned by RCCH through IWS
Fluid Dynamic Resources, Inc http://fluiddynamicresources.com/
They also have agreements with a pre-water treatment company so they are the whole package deal for drinking water and waste treatment.
They have bid on projects in the Carolinas, Montana (which I have seen), Idaho and a few other states.
The PRs will be flying soon about contracts and other companies acquired.
Push it to .02!!!!!!!
RCCH ready for .02, new HOD sends it! Lets get in going!
RCCH all buys at ask ready to go up
APAD news, casino being built, first in West Virginia, this has lots of room!!!!!
APAD news, casino being built, this has great potential!!!!
RCCH 50K buy at ask!!!! Lets roll!!!!
RCCH @HOD on only 25K buy, .02 break = blue sky to .10, HOY is .95
RCCH @HOD on only 25K buy, .02 break = blue sky to .10, HOY is .95
RCCH has already acquired IWS that takes care of the effluent water treatment. They have also signed agreements with Evolu-tech which treats drinking water. This is the full water treatment deal. The possiblities are endless. IWS has been approved by the EPA which means they can be used in any state. There are major contracts in negociations, and some already being built. The links I posted in an earlier post show pictures of the systems that are already running. I have seen several of these myself. This is the real deal. IWS is located not far from me. They are going to be huge. Not to mention the pre-treatment from Evolu-tech.
you have a 25K order in at ask AOL or any?????? If you are not getting filled, float is really tight!