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Hopefully. New CEO is doing some good things. Looks like he took this lazy company and is getting it moving again. If not, the Pittsburgh Tribune will update us as to what happened.
From that PR today... In my opinion it looks as if Beacon is ready to pull out of the Westmoreland property from the buyout and is getting ready for future projects under there old company name. I think this buyout is just about complete. I also think we will hear something about it at the Town Hall Meeting.
If they plan on telling the Town Meeting about the Buyout, then we will have News today.
Did we honestly think Dr. Adam Merek was our guy??? I didn't. Go BNCD!!!!
If not, the Pittsburgh Tribune will let us know what happenes. They love to report on this Company.
I believe .0008 is Coming right now.
This is starting to set up nice. Big run ahead.
ask .0007!!!
Me? I've been looking at all the morning PR's of companies. Seeing if I can catch a 2 bagger.
GOOOOD Morning!!!!! Kickoff in 14mins!!!
10hrs 20mins = Go Time!!! Open at .0008
Article worth a read... Yes it's old, but gives some insight.
Beacon Energy Corporation Opens Negotiations for Property With Coal Mining Rights
NORTH HUNTINGDON, Pa. /PRNewswire-FirstCall/ -- Beacon Energy Corporation (Pink Sheets: BCND) a wholly owned subsidiary of Beacon Redevelopment Industrial Corporation announced today that it has entered negotiations to acquire a 950 acre track of property with coal mining rights/reserves in Pennsylvania.
The company is very confident that current negotiations will result in the successful execution of a purchase agreement immediately with a closing to take place within the next two weeks. Beacon Energy Corporation a wholly owned subsidiary of BCND will be the legal owner of said property.
Pennsylvania is the sixth largest coal producer (29 Billion Tons per Year) in the United States, following Montana, Illinois, Wyoming, West Virginia and Kentucky; two kinds of coal are mined in Pennsylvania- anthracite (hard coal) and bituminous (softer coal). U.S. coal reserves contain 12 times as much energy as all the oil in Saudi Arabia!
According to the United States Geological Survey, we have 1.7 trillion tons of identified coal resources -- coal for which geological evidence and engineering studies provide reliable information about location, rank, quality, and quantity. (Geologists recognize that more coal deposits are likely to be discovered in the future, so they estimate total coal resources could amount to 4 trillion tons.)
"The company and its subsidiaries continue to seek and acquire value added properties that offer sources of energy/reserves, salvageable materials, continuous revenue streams and development potential. The company will acquire the above mentioned property with a combination of cash on hand and some restricted (for 2 years) stock," said Adam Marek President & CEO Beacon Redevelopment Industrial Corporation.
Another Buyout Co. could be Beacon Energy Corp. subsidiary of Metalico Pittsburg. Metalioc Pittsburg sounds like the perfect fit for what needs to be done here. Demolition, Scrap, Gas, etc...
http://www.highbeam.com/doc/1G1-188879123.html
http://www.metalico.com/locations.html
I think we're gonna be RICH!
Found the answer... Looks like Beacon Redevelopment is going by by... Buyout is coming VERY soon!!!!
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/07-09-2008/0004846132&EDATE=
Hey Midas... I just signed up for this board on that day... I have a lot of shares with BCND and just trying to solve this mysterious puzzle. Do I need to sell or wait? Thats the big question for myself. I am posting from Scottsdale, AZ. 33 years old. The posts here are great and i am hoping we have a great week coming. Just a little concerned with this trade. I'm holding.
Will we see .0025 this week? What are your thoughts?
Honestly Midas... I think your looking way to far into this. You have the wrong Adam. This is the Adam with Beacon PA Holdings in which he could not even control his tenants. He is no Doctor. Heres a website for Adams orginal Co.
http://www.city-data.com/forum/pittsburgh/368586-watch-out-beacon-holdings.html
Let me know your thoughts on this article. Any connection or not???
http://pittsburghlive.com/x/pittsburghtrib/news/westmoreland/s_629382.html
I agree. However, the meeting is VERY important because they will decide to give Beacon more time to get this done or give them 30 day or condem the property. They have had enough. this all about time now. Can they proceed or will it be condemed. I agree this is worth a lot, but do they have the funds or backing to get this done ASAP. They want this gone yesterday. BTW my previous post states what you are saying...
Adam Marek got way more than he wanted for his $42,000 investment... Oil, Coal, Bricks, Steel, asbestos. LOL! He bought a goldmine that he couldn't hang with.
You guys are awesome! Thank you. I feel better now.
I couldn't bring that page up, but it is a real Co? Any website. After staying up late and researching this company, I do think it started out as a complete scam and has turned into something real. It comes down to this Town Hall Meeting. They either say that they are condeming this place and we are out everything, or Blackburn will have one more chance to get this right. The town wants this gone yesterday. They are done playing games. If the Company Renaissance Renovations and Development is real, I think we have a shot for a huge return on our investment if he can sell the town one last time.
Need your help... Can anyone find info on Rick (Richard) Blackburn or Renaissance Renovations and Development ltd. other than press related to Beacon???
Putting the puzzle together... I think Renaissance Renovations and Development is the buyer... Back in September, they made a deal to sell everything but the gas to them... However, the deal did not go through because lack of permits... Now 8 months later we got news of buyout, Rick Blackburn is new CEO who worked for Renaissance Renovations and Development, and permits have been made. By the way, Rick was really quick at getting them when he was appointed... In the Buyout PR that came in May, it said everything was going to new buyer. I guess that mean Gas too... First buyout rights was for $6,350,000 without gas. Wonder what the new price is with Gas??? We R RICH!!!! Heres the old post.
Beacon Redevelopment Industrial Corporation (BCND) has agreed to sell the salvage rights to Renaissance Renovations and Development for $6,350,000.
This price encompasses any and all salvageable materials on the property and it will be the sole responsibility of Renaissance to demolish and remove all materials from the property at their sole expense. The agreement does not include any of the natural gas rights on the property nor does it include the property.
Adam Marek got way more than he wanted for his $42,000 investment... Oil, Coal, Bricks, Steel, asbestos. LOL! He bought a goldmine that he couldn't hang with.
Marek started to dismantle the property, and workers were cutting old pipes coated with asbestos. When an official from the state Department of Environmental Resources discovered that Marek did not have an asbestos abatement permit, the work was halted.
Just stating that Adam Marek was over his head and quit on this project. Renaissance Renovation is the company that is buying Beacon.
Blackburn to Township Attorney...
Lee Domasky, the attorney hired to represent the township, asked Blackburn who Beacon's investors are.
"I can't tell you who the investors are," he said.
Blackburn said he too had never actually met Marek.
"Have you met with representatives of Beacon?" Domasky asked Blackburn.
"No."
"Have you talked with them on the phone?"
"Yes, a gentleman by the name of Adam Marek."
"Does Adam go by any other names?"
"I don't know," Blackburn replied.
Heres what I think is going on with this comapny... Adam Marek was a small time Real Estate guy who made some money with Apartments Complexes with his original Company Beacon Pennsylvania Holdings. He made a good living. He then came across this property and won the bid for a measly $42,000. Chump change. He did have a vision of selling of the metal and bricks to make a nice profit. He also rented a little office next to the property so he could eat lunch and keep his paperwork. When he started digging around and trying to get his metal, he was confronted by authorites that he needed permits because of the possiblity of hazard materials. This is when everything changed. Now he's way over his head and budget to do anything... That was the last anyone has seen of Adam Marek. He made some arrangments with Rick Blackburn's Company to get this taken care of... Rick Blackburn was not going to go forward without permits being obtained... Heres where it get intesting... Buyout was announced, permits were obtained, and Rick Blackburn is now CEO... It's obvious to me that Renaissance Renovation is the buyer in which Rick Blackburn still is employeed. Good news is that Renaissance Renovation does have the money to get this done and now we are invested in a real company. Just my thoughts.
Last Chance Before The Next HUGE Run!!!
Meant .0006
Strange... The Company is telling you there is a buyout and the price is what it is... Either this is a Christmas gift, or people really don't want to make money.
But don't you think they would have to tell these people at the Town Meeting what there intentions are. The whole purpose of the meeting is to figure out whats going on. Right? I may be wrong?
If the company was to bought out, wouldn't we have to know before they release that information at the Town Meeting? I think News Monday!!!! Buyout!!!! .01
Lets get back to .0006 today!!!
Talk about McDonalds on another board.