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You saw the email from johnson2006, didn't you? It must have convinced you at the time. Do you think it was bogus now?
It was suspicious that he circulated it privately but asked that it not be made public.
It now looks that neither figure is credible and we need the company to give an update of the share structure. This is a minimum requirement imo.
Just hearsay in that case. Did somebody mention a need for more transparency here?
This is a possibility, Bob.
Does anybody have a copy of the email from the company where they said that the O/S was increased to 140 million?
Okay thanks Marc. It's just that it contradicts the information in the In-box that apparently came from the company in an email to somebody here back in September.
They probably got that number from the website. Are you certain this came from the T/A?
Okay thanks. I'm glad to hear the Frankfurt uplisting hasn't been forgotten about. That was to happen in mid-October as I recall. Hopefully there will be a PR blitz to accompany it.
Do tell us more. Have you spoken to Parkin recently and did he have anything to say about AURC?
The reason NWOG is recovering is that it is showing signs of becoming more shareholder friendly. They are promising weekly or bi-weekly news updates. Remember AURC promised us regular news updates once? That was when the website was set up. Then we went for five months without a word from the company. That has eroded investor confidence imo.
I notice that the page you mention is not actually on their website but is linked from their website to www.thestreetir.com.
The information should be updated asap however.
The O/S has increased according to the In-box info:
Share Structure
Updated with company directly:
--Outstanding 140. Mil
(Updated as of 9-26-2006 Via company Email to member)
--Restricted 83. Mil (As of May 2006)
Public Float 20. Mil (As of May 2006)
It is certainly not legal for management of any company to deliberately misinform the public. This could be an oversight of course but Aurus should correct it as soon as possible. Have you brought it to their attention?
Here is an example of a Canadian Pink Sheet company that got into trouble recently for misinforming:
SEC halts Canadian-linked Digital Gas
U.S. Securities and Exchange Commission (C:*SEC)
Friday November 17 2006 - Street Wire
Also Digital Gas Inc (U:DIGG) Street Wire
by Mike Caswell
The U.S. Securities and Exchange Commission has halted Digital Gas Inc., a Canadian-connected pink sheets listing, for allegedly inaccurate news. The halt, which came Friday, follows civil fraud charges filed last month by New Jersey Bureau of Securities, which claims Digital Gas was a pump-and-dump that lasted over two years.
That suit names Toronto lawyer William Brown and New Jersey businessman Brian Smith, who allegedly sold Digital Gas shares through nominees while writing bogus news releases. Prosecutors say they manipulated the price and demand for Digital Gas for their own benefit.
"Digital Gas was little more than a front for Brian Smith's illegal activities. Smith enriched himself at the expense of investors," said Stephen Nolan, acting director for the New Jersey Division of Consumer Affairs.
Mr. Smith allegedly used money from stock sales for renovations on his home, among other things. "Smith and Brown went to great lengths to rip off honest investors for their own personal benefit," said New Jersey Attorney Stuart Rabner.
The stock reached a 52-week high of $1 this April as the company touted a deal with Halifax-based Pyrolmulsion Petroleum to convert "hydrocarbon waste streams" into environmentally friendly fuel. Then the company announced a wind energy deal based on "breakthrough ultracapacitor technology" that would outperform all other wind power systems. (All figures are in U.S. dollars.)
Meanwhile Mr. Smith and Mr. Brown were selling the stock, through a network of nominee shareholders, prosecutors claim.
Digital Gas, which was around 50 cents this summer, last traded at 10 cents. Prosecutors allege the company has no known bank accounts or revenue.
The company denies the allegations. In a news release, Digital Gas said it intends to fully co-operate with authorities. "The company believes that these allegations are without merit and will vigorously defend the interests of its shareholders," the company said.
After the New Jersey charges came out last month, the company carried on, business as usual, it appears. One week later, it announced a deal with a Detroit company to invest in a tire recycling project.
It seems that earned it some attention from the SEC.
In today's halt notice, the regulator says the tire recycling news release may be misleading. While it does not give details, it claims there are questions about its accuracy. "The commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of [Digital Gas]," the SEC's notice reads.
The company could not be reached for comment. Its investor relations number takes callers to an answering machine with no more room for messages.
The halt expires in 15 days, unless the SEC extends it.
© 2006 Canjex Publishing Ltd.
Right. Billions of dollars in reserves claimed in the PRs and the market cap is $15.4 million (140 million X 0.11).
We seem to have a credibility gap here. All the claims about naked shorting just doesn't explain this imo.
I'm not sure what the red CMF confirms for you. Are you talking about dilution?
That must explain the recent decline in the AURC pps. Two great PRs and the stock tanks. Very frustrating.
Good post. What a novel idea.... to seek and share information about the company instead of bashing and pumping. Let's hope it catches on.
That's very interesting 2C and no I didn't know that.
You didn't answer my question however. Was my post deleted and, if so, on what grounds?
I have already replied to this post but my reply seems to have been deleted. Can the moderators say if that is so?
He says "the purchase was completed". That sounds final to me. You're right to be suspicious though.
No Angela, I don't reside in Canada.
Yes MarthaJane I believe that Peter Wolfe and PV are the same person. Just more deceit from Black Pete.
I just used "she" for KingsRansom because that's what "she" claims in "her" IHub profile.
Maybe "s/he" would be better.
Good news? Uh.... if you say so.
Perhaps he never intended building anything there and just purchased the land as an investmest to salt away some loot?
Yes... that's what I think alright. It's hard to people to fake a style over a large number of posts. Con men are good at these things though.
Right... probably took all of 15 minutes to do it.
Alright then...go ahead and follow false leads if you must.
My only agenda is to get back the money that has been stolen from me, my family and friends by Black Pete and his cronies at Kore.
I know who Parkin is and I'm familiar with Monimpex and what they do. I'm not so sure that being merged or sold is "exactly the end result of their consulting services" as you state.
Where does it say that on their website?
Was he the guy who typed the numbers into the spreadsheet to come up with the unaudited 2006 financials and the 2007 pro-forma I wonder. If so he has a creative imagination.
I bet you don't talk like a duck though.
"Peter Wolfe" talked like Black Pete .....
"I have to admit that I removed the more “colorful language” from these quotes. Mr. Wolfe is quite a poet with four letter words."
I thought we had sorted this out days ago. Why are we going in circles?
There is only one Petar.... sheesh!
Interesting theories, Tim, and of course as a long I'd love to think they were right. The problem is that there is absolutely nothing to back them up.
Hints while talking to investors don't carry any weight and may be just ways of spreading rumors that we want to believe.
The fact is that we were told on the 25th September that the Frankfurt listing was expected for mid-October and there is still no sign of it happening. So a three week target has been missed by five weeks already?
I'd be willing to bet a lot of money that Peter Wolfe of the Dabbagh Group has nothing to do with Kore.
Notice that he was fond of four letter expletives? If it walks like a duck and talks like a duck.... it is a f***ing duck!
Embattled Sulja CEO quits
Harrow lumber company one of the hottest penny stocks in North America
BY GARY RENNIE STAR STAFF REPORTER
Petar Vucicevich, who has faced questioning recently by the RCMP and was under pressure from shareholders to release long-promised financial statements, resigned Tuesday as CEO of Sulja Brothers Building Materials Ltd.
The Harrow lumberyard has become one of the hot stocks in the penny markets in North America with 72.4 million shares traded Tuesday and a closing price of three cents a share. The stock’s been as high as 21 cents a share in the past year.
Steve Sulja, the son of the founder, is returning as CEO, according to a company news release that was confirmed by Vucicevich. Sulja didn’t respond to a request for an interview left with staff at the Harrow lumberyard.
The news release said Steve Sulja wouldn’t be taking any phone calls and “will be communicating with our shareholders strictly through our website and through our press releases.”
While he wasn’t planning to leave the area, Vucicevich said the future of his proposed $20-million development in Colchester Village was under review. “You haven’t chased me away yet,” he joked.
Vucicevich said he was considering getting new partners for the Colchester development, which originally included plans for a Kronk’s boxing gym, a cheese factory, a spindle factory and accommodations and shops with a Vienna theme. He acquired close to $2 million of vacant land and homes for the development.
Interviewed outside the Colchester home of John Sulja, the founder of Sulja building materials, Vucicevich declined to answer questions about the company’s much-touted overseas operations — including the purchase of land on Al Reem Island in United Arab Emirates.
Vucicevich has said he’s purchased a hotel site on Al Reem for US$29 million as a director of another company, Consultech Construction Management Inc.
Investors in the stock have had high hopes that Sulja would benefit as a supplier for the development of a US$645 million hotel on the site on Al Reem Island. Vucicevich declined to give The Star a copy of the deed for the hotel site.
According to State of Michigan records, Consultech was incorporated Dec. 13, 2002, but was dissolved on July 15, 2005. Vucicevich said the company was no longer active in Ontario or Michigan, but still operated overseas. He wouldn’t supply a list of the names, addresses and telephone numbers for the 40 overseas employee’s he claimed in a previous interview to have.
“After numerous meetings in the past five days, it was simply felt that I accept his two-month premature resignation,” Steve Sulja said in the news release. Vucicevich’s Kore International company — which was spearheading the Colchester development — wouldn’t be involved in the Sulja operation either, the press release said.
Might be just a coincidence. They seem to have a different style. Once again if we knew the IP address of every member these things would be more transparent.
I remember thinking there was something strange about KingsRansom's posts as if she was a shill. Got information nobody else could get. Strange how she only ever posted on the SLJB board even though she claimed to be savvy about penny stocks and disappeared altogether back in July.
It's clear that Peter Wolfe and Petar Vucicevich are the same person. Another case of blatent dishonesty. I don't think truth means anything to him.
This trip sounds like a great idea if it comes about, Tim.
Has anybody here ever spoken to any of the Russian management? Why can't we get reports on their current operations? Maybe even pictures of the new plant they are buying?
All we know is what Parkin chooses to tell us which is very little. Any word about the Frankfurt listing? Planned for mid-October, wasn't it?
Before the usual pumpers start jumping all over me let me say that I own 200,000 shares in AURC and my family and friends have another 200,000. I had over a million at one time but I reduced my holding because of the frustration of waiting 5 months without any word at all from the company.
It seems that when folks here raise legitimate concerns they are instantly attacked and branded as bashers and shorties. Having just come through the recent debacle at SLJB I am no longer prepared to put up with that. Both sides of this story must be heard if the truth is to be uncovered.
You're a good man, Brent.
A little naive perhaps,
but a good man.
Good idea... except that many of the posters here jump between categories depending on whether they've bought or sold that day.
Shark infested swamp describes it nicely.
We took CEO #3 alright.... and we got screwed.
Now tall handsome Steve is our hero and has come to rescue us.
Oh joy!
Right rebuild Lebanon.... and do they have any plans to rebuild Iraq while they are at it?
Give Steve time to get to the truth? He's a director of the company. He is responsible for the company's actions along with the rest of the BOD. He knows the truth.
Can we handle the truth is the question now.
Your faith in this company is very touching.
Let's watch how this all plays out.