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MITK....the timing of a number of your early postings on another board suggested you were non-USA (unless you were a 'night- owl')...which was interesting, when considering your much published 'inside info'. Although JCKNFLA was slow to recognise .co.uk instead of .com, the address seemed to confirm your non-USA residence. Is this the case and are you able to say exactly where you reside?
2.55pm ET $0.09.(Yahoo and Bloomberg)
No DM. I'm only reporting that the normal SEC time for dealing with registration filings is now up (90 - 120 days) and if issues are still not sorted (whether SEC or GRC dragging their feet) the very least from GRC should be an update. However, as you know from this last years experience....getting relevant info can be rather difficult.IMO
My reading/understanding over the last 12months is other than what you claim. The usual period for completion is 90 to 120 days AFTER filing of registration documents (February 12th for GRC) with the SEC. Obviously this may be longer if there are outstanding/unresolved issues. My concern is the lack of any statement from GRC as to the current state of play. It does'nt have to be detailed.
120 days up today! Hello SEC...Hello GRC....welcome registration...........or at least COMMUNICATION from someone with info which is'nt about yet more delays.
MY4;I have gained a lot of info/knowledge re share investment since 'toe dipping' with MSRM, but I am a long way from being an experienced investor. For sensible, accurate 'trading issues' analysis KP is your man.
I used to manage a health laboratory before retiring and in that area my experience was that if information was'nt appropriately forthcoming it generally meant problems. MITK mentions SEC additional investigations. Whilst this is well understood/known a simple statement from the company to that effect would go a long way to engender good shareholder relations.
'This timeframe is not good because so many shares will go on the market around the time of the warrents expiring.Is this a concern?What do you think?'
For me conversion as soon as possible is paramount, irrespective of other issues. That allows me to make decisions about my stock holding.
MITK:It was very tempting to query a number of issues which you posted on the Yahoo site...but in general, your positive approach is good for a number of reasons.
In holding MSRM stock now for 30months I have experienced too many examples of statements/promises from GBRC which somehow never came to fruition....particularly re timescales. Because of this I am now wary about any claims/forecasts/opinions re progress. This does not, however, equate to 'bashing'....I simply would prefer to see better and more timely shareholder info, obviously within permissable parameters. 'Insider' and 'magic' number' info aside, I am still optimistic that the company will be a success.....as stated by many, too much is happening for it not to be otherwise. I look forward to this and in particular the conversion, which , until resolved, hogties many.IMO
Thanks for that ....although I had read your message before posting. My main point is that we are now in the 90 - 120 day period and even though the process can obviously be longer should additional issues arise, 'the next few months' is vague to say the least. Is the SEC behind scedule or has GRC not responded with required info? Very glad you at least got a response to your email from our Jeff...
That is now at least three boards MITK is posting to, KP. Although he has posted usually good (and positive) stuff I have yet to see any claims hit his time scales. The two main issues which have been long awaited are conversion and successful technology properly demonstrated to all, not necessarily in that order. The word on Yahoo now is another 2 -3 months for the former. Again wouldn't it be nice to have an update on this from GRC? Pulling teeth is less of a pain, than waiting for shareholder (genuine and accurate) info. IMO
DM - irrespective of the 'Thomas' posts (there must be a secret code to get an answer from Jeff) my point is that I see no reason why the company cannot offer shareholders simple updates re the registration progress. They may not be able to reveal content at this stage but surely reporting the basics of events eg has the company received/answered any comments etc should be no problem. Whilst you may be correct with your government comment...if you have'nt seen/received anything from GBRC how do you know?
You can say that again....The exercise was justified but the expectation was nil.
Have emailed Jeff today asking if any update is forthcoming.
GRC price recovered well today......roll on test results
90 days up by Monday next....
after conversion....one board and many happy investors
Thanks again ...but Acrobat is a 'long' on my machine....maybe a cookie is missing.
Thanks KP.....even allowing your reserve the Yahoo board has recently shown a definite lessening in 'excitable' posts ...I'm sure due to more sensible and informative offerings from such as yourself and one other. The rest is entertaining to a point but, on balance, IH is well out in front. IMO. Now to wade thro the latest SEC submission.
DM...there are some recent 'new' photos plus an investor letter on the GRC website. I can access the photos but not the letter. Is it my computer or is it a website issue?
Just got further up to date KP ..no response needed thanks.Looks like your explanation re FP's previous banning of postings was accepted.
KP.. was your 'GREEN' message on the GRC IHboard from the posting on Yahoo....or are you actually 'Pollarken'.Do you not find it interesting that we have never succeeded in getting GRC to the IHboard(s) but they are now freely answering questions on the Yahoo board? Up to date info re conversion (now approx 2/3 thro 90 - 120) would be more than welcome at this time.
Correction:In 1230 that should read 'commencement of testing and debugging by the second quarter.'
The following from the latest 8K (SEC) yesterday
'The major change is that Warwick is to order a 5 ton per
hour machine by April 30, 2008, subject still to the waivable condition precedent of a successful demonstration of the pilot plant, anticipated to be held on April 23, 2008'
I assume this means Warwick, as purchasers, can waive the need for a successful trial should they wish? ie. if it is expedient for them so to do. The 10K filing of the 27th March '08 mentions trial results in the second quarter. A decision to purchase by the 31st April would be very good news.
DM Can you tell me if there is any technical or other reason why the two boards MSRM & GBRC cannot be combined? I think it would make a lot of sense and would save a lot of trawling between both. Also, can anyone confirm that GBRC did actually complete asset acquisition of CRC/MSRM as claimed in SEC filing of March '07?
DM...have you seen that our 'friend'the Tyre Chef is touting his wares on Yahoo:same format. Whatever the rules re posting on this board, I think it is fair that anyone plugging their own interests and not offering anything relevant to this board should risk losing posting rights.
Someone on the same board claims more up to date news (than in the latest filing) will soon be available...
2007 annual report now filed and ready for those night time readers.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001128949&owner=include&count=40
As I write this there is some serious 'heavy' posting going on re Hawk Hogan on the Yahoo Message board...well worth a visit. As in any 'divorce' there are usually two sides to the story.
Whatever HH's justification re his present position and actions, MSRM/GBRC shareholders need FP to prevail...cos ...if not then we the mug shareholders stand to lose big time.
Calm before the storm? or most enjoying an extended holiday.
The next question is 'Will MSRM trade on Friday?' Will RF (as legal eagle)support trading? Plus....will the SEC take longer over registration filing perusal as a result of suspensions? There has been no SEC filing that I have seen which asks FP & Co. for clarification/correction of any particulars, so we don't know whether the SEC have even looked at the filing subm ission yet. If FP wanted it sorted you would have thought that he would make moves to achieve that....sooner, rather than later.
Cheers KP
I'm sure I read that suspension was for a month.
Meanwhile, there is some news on the gbrc website re Hawk machines.
Also some very interesting posts on the Raging Bull board about Hawk leaving, plus good news about HAWK 10 EXPECTED NEXT FEW WEEKS! Worth reading. No way of knowing how genuine,although one poster claims friendship with Hawk and expects to get inside story soon.
Currently, I cannot see enough GR cash being available to pay everyone should there be any successful action.
ps 9.31am OTC US ...someone is buying;is it Frank?
Now that the dust has settled a little....after lots of uncertainty (whats new?) and plenty of 'what do we do now?'....I think DM is on the right track. Why would FP go to all this trouble (SEC etc) if he was still in any way involved with anything fraudulent?
With the obvious happening re the share prices (temporarary suspension included) the way forward surely is to have and hold until the new shares in GBRC start to climb. For those who could still make a profit by selling on completion of merger that would be for them to decide....but they would have to be quick. As soon as the paperwork is completed then eveybody selling would only produce a big collapse....and only the quickest would get anything.
With minimum capital, pressures would then be great on GR to survive. Completion by the SEC of their DD re GR/MS would send out the right message to all and supported by long awaited goodnews re Hawk 10, would surely see the start of better and bigger investment and subsequent share price rise.
Because of my share purchase price selling is not a sensible option until, hopefully, the stock starts to succeed.
Whilst 3 - 4 months is a significant further wait for completion of registration/conversion, on a more positive note .....if the SEC don't find many problems with the document presentation and content then we might see their declaration of acceptance that much sooner. Hopefully it will coincide with good reports/results about Hawk 10 trials....which should light the touch paper for GBRC....
I guess May/June is the likely fun time.
As I understand it, the conversion is an inhouse issue for GBRC, which should immediately follow the completion of the registration process ie expression of satisfaction by the SEC...usually 90 to 120 days after filing of registration forms. That will then allow the issue of newly registered shares to holders of eg MSRM/CRC stock.
I also did'nt have a broker (my stock was bought thro the infamous Aston Rowe) but with doing other business with a firm called Intercap of Ft.Lauderdale, have lodged my certificates with them and will use them for dealing.
This will not be 'automatic'. I have arranged for Intercap to return my certificates to Monmouth (Transfer Agent)as soon as I receive the request from Monmouth. I assume Monmouth will return the new GBRC certificates to me...but if legally possible will try to have them sent straight to Intercap. This will allow me to sell with a quick call as appropriate.
Post me if this is not clear.
'When the new Global shares are registered(ie after conversion)
and able to be distributed,GBRC stock transfer agent (Olde Monmouth Stock Transfer Co. Inc.) will notify you and advise as to the procedure.You will need to return present certificates when requested by Monmouth and will receive new Global in return. Old certificates will then be cancelled and MSRM?CRC dissolved'. (Mobile Stream and Carbon Recovery)
This was the advice from the Shareholder's letter issued by Global in July 2007. Obviously you will have to hold the certificates in your name for this to happen. As advised by DM contacting JA should answer any remaining queries....although getting response is not always straightforward.
Sorry DM....my computer has been down.
It was from the Rising Bull board on Friday gone.
ragingbull.quote.com/mboard/boards.cgi?board=OTCF:GBRC
ps congrats on new position!
Recent posting from another GBRC board is claiming info from GBRC outlines delivery of the first HAWK10 to Gershaw Recycling by end of March/early April. This is the first contractual machine for which trial results were due,supposedly Dec 07.
Intended delivery presupposes a successful trial...we will see...
Maybe March/April is going to be good on several counts...
SORRY.....my fault.....missed the fact that there was an @ present and that it was an email and not web address.I'll go back to sleep.
See 1074
Mich.....this link gives Earthlink.net
I have had an email from GR this week which touched on the delay you mention but did'nt say just when filing was to take place. I am awaiting a reply to my 'strong' request for that info... by legal means.
Meanwhile, with the standard time for such filings to be completely sorted being 60 - 120 days after filing, this fits in with what you have been told ie. registration by May.
However, good as the news is (if correct) I wonder just why filing needs to be delayed until 02/03/08 even allowing for 20 days?
Presume this £3million is related to the 2,566,666 escrowed shares still not returned to GR by 30th Nov 07 by a firm called Mercatus.
Forget last post!!Both now earthbound.