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but part of the fixed assets that are on the books are over $22M for land that is not owned by them and doesn't even have the building on it yet, so how can that be valued as a 22M asset today on their books?
do you know what the receivables are from and how easily they are going to be able to actually get the funds?
could they have put the 5M line of credit as accounts receivable? lol
i'm not trying to bash i just want to try and find out the answer to all this selling considering the story... it doesn't make sense..
i appreciate your time and thoughts.
it just seems that these guys obviously have money and if you consider what they are trying to build, the shares even at $2 should be considered cheap in their eyes. the majority of shares you would assume would be in the strongest of hands, management and people in the 'know' that are getting their blocks from the company.
there was only a couple hundred thousand shares unaccounted for wen the shell was taken over, so someone sold somewhere, and the only reason i am assuming the selling is continuing, is because even if all the 'in the know' shares were maybe dumped at much higher prices, you would assume that by now, it would have bottomed. yes some will hang on as long as they can take it and then dump adding to the selling as its going down, but one would assume there must be a large amount of shares out there to be bought out the market considering anybody who is pro the company wouldn't have sold. I mean your an assistant mod, how long have you been here and how far down are you on your first purchase? I bet your still holding them all, so why isn't the pipeline drying up?
$100k at .02 is 5mil shares and we've traded double that in the past four days or so. They could have been bought by someone in the know, but it seems like 5mil shares wouldnt be enough to turn it around. then that begs the question, how much is needed to be bought out the float 10M?, 15M? and why were so many sold considering the company started with only a few hundred k in the float and the price "should" be far higher than its ever been?
it's come down from almost 2.50 to .0121 in the past 6 months... you think thats tax loss selling?
also even if there are a total of 65M shares out currently as per your estimation, why all the dumping for such a prolonged period of time when the majority of the shares are going to directors that are being appointed, acquisitions that are being made, etc. etc. anyone getting big blocks of shares from the company would know the status of the company better than you or me and with the story that they have here you would assume that any remaining shares would be scooped up by shareholders wanting a piece of the action as well as insiders and their friends wanting the cheap stock no? with the millions that are apparently being put up for movies like yellow you would think the financiers would scoop up any shares they considered cheap in the float that they could get their hands on... there's no toxic convertible notes... so i come back to the same question why so much selling down to .0121?
can someone tell me if and where I am going wrong with my thoughts with this? I'm trying to wrap my head around all the selling here if it is supposedly such a good company to own at such a discount...
August 25th 2012 – 1,404,000 common stock issued and outstanding as per 10k filed Apr. 16th 2013
NOTICE IS HEREBY GIVEN that, on August 27, 2012, Fairway Properties, Inc., a Nevada corporation obtained the unanimous written consent of its board of directors and the written consent of stockholders holding 1,083,000 shares of common stock of Fairway Properties or 77.14% of the voting power of the issued and outstanding shares of Fairway Properties’ common stock approving:
•?
an increase one hundred forty million (140,000,000) shares of common stock, par value $0.001 per share, to five hundred million (500,000,000) shares of common stock, par value $0.001 per share;
•?
the creation of Fifty Million (50,000,000) preferred shares; and
•?
a name change of the corporation to Medient Studios, Inc.
So in order to amend the articles of incorporation they needed to have a majority vote of which they received 1,083,000 votes of a possible 1,404,000 or 77.14%. This leaves a mere 321,000 shares unaccounted for. All 1,083,000 that voted for was owned by Kumaran as per form 3 filed Aug 28th 2012. >> http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8850200
November 19th 2013 – Most currently we are at 41,298,817 as per 10q filed Nov. 19th 2013
On November 26, 2012, Medient Studios, Inc. (the Company), a Nevada corporation, entered into a purchase and sale agreement with the owners of all the membership interests of Kumaran Holding, LLC., an Oklahoma limited liability company, to purchase all of the membership interests of Kumaran Holdings, LLC.
The Company purchased all the membership interests of Kumaran Holding, LLC for a purchase price of thirteen million seventy eight thousand dollars ($13,078,000). This will be paid in the form of ten million (10,000,000) preferred shares and twenty six million (26,000,000) common shares of Medient Studios, Inc. This deal closed on November 26, 2012.
SUMMARIZED
During the year ended December 31, 2012 the Company issued 27,054,000 shares. The Company had 179,000 shares that were earned for services performed by the former majority shareholders of the Company, 250,000 shares earned for services performed by board members, 3,250,000 shares issued in exchange for debt, and 23,375,000 for the acquisition of Kumaran Holding, LLC.
Kumaran now owns 23,375,000 + 1,083,000 = 24,458,000 common shares
28,458,000 outstanding by Dec 31st 2012 as per 10k filed april 16th 2013
24,458,000 Kumaran + 321,000 unknown = 24,779,000 leaves a difference of 3,679,000 shares issued during 2012.
On December 4, 2012, the Company issued 3,250,000 common shares to Mr. Pankaj Rajani and assignees in exchange for the conversion of $1,300,000 of liabilities.
“For the year ended December 31, 2012, we issued common stock for services with a value of $227,400 and We issued $30,000 in stock for film assets”
So we are at 429,000 + 321,000 potential shares for resale. = exactly 750K shares in ‘float’ by Dec 31st 2012 assuming Kumaran would not be selling any of his 24.458M shares and Rajani isn’t selling any of his 3.25M shares.
321,000 from existing +
250,000 board member services +
179,000 shareholder services +
= 750K shares in “float” as of Dec 31 2012
Lets quickly look at the two movies, “Storage 24” and “Yellow”
Circle West, a media investor, made a loan of $2,000,000 towards the production cost of the film Storage 24 . This liability was assumed by the Company upon the acquisition of the rights in Storage 24 as of October 18, 2012.
Mr. Pankaj Rajani, a media investor, made a loan of $1,300,000 towards the production cost of the film Storage 24 . This liability was assumed by the Company upon the acquisition of the rights in Storage 24 , as of October 18, 2012.
Prime Focus is a multi-national visual effects and post-production company. The London division of Prime Focus provided $1,000,000 of services towards the production cost of Storage 24 . This liability was assumed by the Company upon the acquisition of the rights in Storage 24 , as of October 18, 2012.
SIDE QUESTION = We ‘spent’ 4.3 million dollars for productions costs, services, and rights to Storage 24. How much revenue did we earn on that movie, does anybody know?
Tommee May, a media investor, made a loan of $150,000 towards the production cost of the film Yellow . This liability was assumed by the Company upon the acquisition of the rights in Yellow as of October 18, 2012.
Indion Group, a media and tax credit investor, made an initial loan of $4,556,130 towards the production cost of the film Yellow . This liability was reduced to the amount of $600,000, and assumed by the Company upon the acquisition of the rights in Yellow as of October 18, 2012.
AMAG, Inc. is a media investment company. It made a loan of $1,000,000, which has accumulated $190,321 of interest, towards the production cost of the film Yellow . In addition to repayment of principal and interest, AMAG shall receive a three percent participation in Yellow .
This liability was assumed by the Company upon the acquisition of the rights in Yellow as of October 18, 2012. This note is currently in default. The Company is in the process of negotiating an extension.
Mr. Pankaj Rajani , a media investor, made a loan of $8,600,000 towards the production cost of the film Yellow . This liability was reduced to the amount of $660,000, and assumed by the Company upon the acquisition of the rights in Yellow as of October 18, 2012.
Mr. Derreck Lee, a media investor made a loan of $500,000, which has accumulated $160,000 of interest, towards the production cost of the film Yellow . In addition to repayment of principal and interest, Mr. Lee shall receive profit participation in the film after all other debts and equity investors in the film are paid in full. This liability was assumed by the Company upon the acquisition of the rights in Yellow as of October 18, 2012.
SIDE QUESTION = We assumed $14,806,130 dollars of liability for productions costs, services, and rights to “yellow’ + gave up 3% participation to AMAG and an unknown % age to Derrick Lee which was marked down from 14.8M to $3,260,000 . How much revenue did we earn, does anybody know?
March 31st they are at 33,856,551 as per 10q filed May 20 2013. That’s an increase of 5,398,551 since Dec 31st 2012 10k.
Issuance of common stock 5,398,551 for financing as indicated by 10Q
On January 9, 2013, and February 6, 2013, the Company issued a total of 2,500,000 common shares to Prime Focus and assignees, in exchange for the conversion of $1,000,000 of liabilities.
On March 19, 2013 the Company issued a total of 2,898,551 of common shares to Circle West in exchange for the conversion of $2,000,000 of liabilities.
2,898,551 + 2,500,000 = 5,398,551
On April 11, 2013, the Company issued 2,625,000 shares that were remaining to be issued as per the Kumaran Holding, LLC acquisition agreement.
Kumaran now at 24,458,000 + 2,625,000 = 27,083,000 shares
27,083,000 kumaran +
321,000 unknown from prior +
3,250,000 Pankaj Rajani +
2,500,000 Prime Focus +
2,898,551 Circle West +
250,000 board member services +
179,000 shareholder services +
= 36,481,551 o/s
According to Mar 31th 2013 10q - 36,481,551 outstanding common shares so that makes sense..
BUT WAIT….
According to the 10K from dec 31 2012, these are the shareholders, not Kumaran he owns none?? Am I missing something, did he give all his shares away?
Who are the people below and where did their shares come from? There are others these are just largest blocks I could find and cant trace how they got them. Even if they were supposedly co-owners of kumaran holdings, i mean really, kumaran himself has a prety small %age of his own company.
Al Imran General Trading 3,250,000 common
Jasmine Valley 3,000,000 common
Dinesh Panicker 3,250,000 common
Shilpa Sharma 2,250,000 common
Joel Shapiro 3,000,000 common
Also wouldnt all the shares be rule 144 restricted and not available for sale yet anyways, the first big block transfer was in Dec. of last year and wouldn't even unrestricted until this month at the earliest. Unless of course they back dated all the date and issued the shares free trading so they could be sold immedietely which doesnt bode well with me either.
It just doesnt make sense to me with all the shares that have been issued into company insiders hands for production costs, consulting, etc.. for the two films and Kumaran owning the majority of the O/S why there is so much selling down here. If any one of the companies or people that have funded this thing so heavy and even Kumaran knows that this mega film studio is going to happen, then why all the selling all the way down to .0121 on Friday. & its not small time selling its a lot of shares…
Any thoughts are welcome to help explain my thoughts. If I have missed something forgive me in advance.
"A half a million dollar company does not build a $90,000,000 studio, complete with community support/local subsidies."
your absolutely right.. where are they going to get the money from to build it? the grant is only for approx. 1M.... the 100K +/- in the bank isn't even enough to cover the quarter mil they say is needed over the next year for the planning of the building.
didn't "yellow" come out over a year ago?
do you know of any other 'new' movies they are producing currently?
.0014 to .0034 banked in the matter of hrs... good lucky trade for the books ;) gl guys hope she runs hard for all of you...
its a POS forsure imo... these guys should have their scrotums ripped out and fed to them for pre-approving 2 reverse splits..
hope you bought bro... new highs are a coming imo...
Asher sells through VERT imo who has the worst representation imo, he'll play around like crazy and does NOT truly represent what he has to offer.. if he's lowest ask tap occasionally for what you can afford to chew his stash and ... play with the bids.. he's almost done imo.. then the tightly coiled spring will do its first uncoiling to set the first stage of proper pricing before liftoff beyond any price expectations people have in their minds here imo... time will tell.. GL all.. ;)
Asher is a good thing in a way depending on how you look at it, as bad as they are as long as the company gets out of it before the death spiral, which these guys did imo.. it allows whoever is smart to get easy fills all around their target buy area and then some off the shares the company regrets they sold. grab their cheapies.... nobody else big time and knowing what they're doing releasing them down here imo and when they're gone, they're gone and good luck trying to get them then.... If you believe in where you have put your money, don;t worry about the small ups and downs and when it goes below your first buy, consider it a gift and don't blow your whole wad on your first entry obviously as their is no crystal ball telling you that it is going to sky rocket the minute after your buy order goes through, it probably won't. Position yourself in all the way down and out all the way up, then you will see some of your buys at the lowest trades and some of your exits at the highest.
think we're pretty much at bottom now in this area imo... GL
hope everyone's got however many shares they want under a penny, going over .01 for good in the next little bit imo... ;)
recap > Green Energy Renewable Solutions, Inc. Cleared as Buyer for Purchase of Davison Landfill Assets from Richfield Equities, LLC
DETROIT, May 23, 2013 (BUSINESS WIRE) -- Green Energy Renewable Solutions, Inc. (otcqb:EWRL) ("Green Energy") announced today that the United States Bankruptcy Court for the Eastern District of Michigan has confirmed the Company as the sole bidder to acquire the Davison Landfill assets of Richfield Equities, LLC, a privately-owned waste management company.
Richfield Equities, LLC voluntarily filed for bankruptcy protection under Chapter 11 on September 18, 2012. The Bankruptcy Court converted the Richfield case to Chapter 7 under the U.S. Bankruptcy Code in February, 2013, and appointed a Trustee to administer the liquidation of Richfield's assets, which include the Davison Landfill. Green Energy, acting as a stalking horse bidder, entered into an asset purchase agreement to acquire the Davison Landfill assets on April 29, 2013 for $1,400,000. No other bidders emerged, clearing the way for the sale to Green Energy, which is expected to close on July 1, 2013. (stole it imo)
The Davison Landfill, situated in Davison, Michigan, approximately ten miles southeast of Flint, Michigan (Genesee County) is the state's second largest landfill, as defined by available airspace. With nearly 400 acres and 28 million cubic yards of available airspace, the Davison Landfill offers a useful life expectancy in excess of 35 years at current projected disposal levels. It represents one of the only two independently owned MSW (Municipal Solid Waste) permitted landfills within its geographic market and is substantially closer to the population centers and to Canadian hauling routes. Green Energy is currently in discussions with various local waste collection operations and operations domiciled in Canada to accept waste at the Davison Landfill and intends to accept Canadian generated waste going forward.
Joseph Durant, Chief Executive Officer of Green Energy, stated, "The acceptance of our bid for the Davidson Landfill by the U.S. Bankruptcy Court is a major development for our company. We have secured our bid with funds placed in escrow, our financing is in place, and we are ready to move forward on this project immediately after the purchase is closed. Our merger with Cirque Energy has expanded our management team and capabilities, which positions the Company to commence landfill operations within a very short time-frame. This first project in our new and expanded pipeline of development programs is a perfect fit with our Company's mission of finding waste streams, securing them, and maximizing their value."
Roger Silverthorn, Chief Financial Officer of Green Energy added, "We are very excited by the potential scope of the Davidson Landfill project. Our plans include recycling and waste diversion which will dramatically reduce the MSW volume entering the landfill, generate revenue from the sale of high value recyclable waste, and extend its useable life by an estimated 20-25 years. We expect this project to have a positive financial impact on our company and a postive environmental impact on the region."
Green Energy announced on May 16, 2013 that it has merged with Cirque Energy II, LLC, ("Cirque Energy" or "Cirque") a privately-owned renewable energy development company based in Michigan. Cirque Energy, based in Ithaca, Michigan, has specific expertise and extensive experience in the development, design, financing, construction, and operation of materials handling operations, renewable energy and traditional distributed generation power projects. Green Energy intends to change its name to Cirque Energy, Inc. and intends to apply for a new trading symbol. The company will continue to trade under its present symbol, EWRL, until a new trading symbol is assigned.
About Cirque Energy, Inc.
Cirque Energy, Inc. is a renewable energy development company based in Michigan, whose team has strong experience in development, design, financing, construction, and operations of renewable energy facilities. Cirque develops, builds, and operates small to midsize renewable energy power plants utilizing gasification technology, providing new base-load energy demands with sustainable energy solutions. Cirque Energy is also a developer and operator of municipal solid waste and construction and demolition waste processing and recycling facilities. The Company operates with long-term supply agreements to process waste materials into valuable recyclables and reduce waste volume going into landfills by up to 85%. Cirque's focus includes working with industrial clients, schools, hospitals, and universities to develop solutions to provide long-term predictable costs of energy, while maximizing energy efficiency through the use of combined heat and power (CHP) systems. For more information about Cirque Energy please visit http://www.cirque-energy.com
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130523005444r1&sid=cmtx4&distro=nx
SOURCE: Green Energy Renewable Solutions, Inc.
Green Energy
Joseph DuRant, 888-963-2622
CEO
or
Investor Relations
Porter, LeVay & Rose, Inc.
Michael J. Porter, 212-564-4700
mike@plrinvest.com
your added dd is insane on this company... much appreciated... EWRL going to start rocking again in the very near future guaranteed imo... watch... ;)
EWRL has LOTS of life still left in her imo.... lol... hope your trading's been going good... GL
What a POS company, pre-approving 2 reverse splits. LOL. i'm sure they are going to get a whole lot of buyers flockin to this turd!. lol > horrible idea with only 19M shares o/s. > i wanted to buy this one too... oh well, 100% not happening now..
and the search continues....
"Increase in authorized and approval of two reverse splits."
Effective ___________, 2013, the Board of Directors and a majority of the Company’s shareholders authorized the increased of the Company’s authority to issue all classes stock to 600,000,000 shares of Common Stock, $.0001 par value (“Common Stock”). In addition a majority of the shareholders authorized the Board to initiate up to two future reverse splits of the Company’ Common Stock at a ratio not to exceed 20:1 over the next two years
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9228256
EWRL > .02 today > go baby go...
these guys were raising money at .50/share last June, less than a year ago... going way higher imo...
"On June 27, 2012, the Company entered into a stock purchase agreement with Diamond Transport Ltd. under which the company will sell one million shares of common stock at $0.50 per share with a closing of the sale on or before July 15, 2012 with $100,000 to be received as an advance payment on July 05, 2012. The advance payment of $100,000 was received on July 20, 2012 and a further $50,000 received on August 20, 2012 and the closing date of the transaction will be upon receipt of the outstanding balance of $350,000."
O/S - 82,833,544
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87996630
A/S - 300M
Over a dime comin IMO.
check EWRL - Green Energy Renewable Solutions... moving..
EWRL ME...
EWRL - merged with Cirque Energy today... big news coming imo...
EWRL - merged with Cirque Energy today... big news coming imo...
EWRL - looking pretty good here.. merger news...
EWRL - looking pretty good here.. merger news...
EWRL HUUUGE!!!!
EWRL HUUUGE!!!!
EWRL - MERGER
Green Energy Renewable Solutions, Inc. Merges with Cirque Energy II, LLC
DETROIT, May 16, 2013 (BUSINESS WIRE) -- Green Energy Renewable Solutions, Inc. (otcqb:EWRL) ("Green Energy") announced today that it has merged with Cirque Energy II, LLC, ("Cirque Energy" or "Cirque") a privately-owned renewable energy development company based in Michigan.
Cirque's executive management team, consisting of Tom Cote, Roger Silverthorn and Richard Fosgitt will become officers of Green Energy. Mr. Silverthorn and Mr. Cote will also join the company's Board of Directors. Frank O'Donnell will continue as Chairman of the Board and Joe DuRant and Dan Garmin will continue as Directors.
Green Energy intends to change its name to Cirque Energy, Inc. and intends to apply for a new trading symbol. The company will continue to trade under its present symbol, EWRL, until a new trading symbol is assigned. The new Green Energy management team is comprised of Frank O'Donnell, Chairman of the Board; Joseph DuRant, Chief Executive Officer; Roger Silverthorn, Chief Financial Officer; Tom Cote, Chief Operating Officer; and Richard Fosgitt, Design and Development Officer. Background information on the new management team is included as an appendix to this release.
Cirque Energy, based in Ithaca, Michigan, has specific expertise and extensive experience in the development, design, financing, construction, and operation of landfill operations, renewable energy and traditional distributed generation power projects. The addition of the Cirque management team provides Green Energy with essential execution capabilities that will enable the company to successfully transition from planning to operations in the near term. Cirque also brings project opportunities that are expected to rapidly mature and financing resources that will facilitate securing contracts and implementation.
Joe DuRant, Chief Executive Officer of Green Energy, stated, "Our merger with Cirque came together as a result of our shared vision to create a unique energy development company that provides end-to-end expertise in the development, implementation and operation of renewable energy projects that conserve natural resources and minimize negative environmental impact. Cirque's senior management team brings skills sets and expertise that are unparalled in the energy development industry and our combined strengths will enable Green Energy to successfully transition from a development stage company to a full operating company with the capability to execute and finance renewable energy projects. Cirque Energy has developed a diversified portfolio of potential renewable energy projects that are ready for implementation and which carry with them above-market return on investment."
Tom Cote, President and Chief Executive Officer of Cirque Energy LLC, commented, "We are truly excited to be joining forces with Green Energy to achieve our common goals by challenging the mind-sets and principles of the traditional thought processes relating to waste, waste management, and creating energy from alternative fuels. By leveraging Green Energy's expertise in landfill operations and deploying processes and technologies that focus on converting materials typically considered waste into a fuel to create renewable energy, our environmentally sustainable projects will deliver positive results now and for the foreseeable future."
About Cirque Energy, LLC
Cirque Energy LLC is a renewable energy development company based in Michigan, whose team has strong experience in development, design, financing, construction, and operations of biomass facilities. The Cirque team develops, builds, and operates small to midsize renewable energy power plants utilizing gasification technology, providing new base-load energy demands with sustainable energy solutions. Our focus includes working with industrial clients to develop solutions to provide long-term predictable costs of energy, while maximizing energy efficiency through the use of combined heat and power (CHP) systems.
About Green Energy Renewable Solutions
Green Energy Renewable Solutions is a developer and operator of municipal solid waste and construction and demolition waste processing and recycling facilities. The Company operates with long-term supply agreements to process waste materials into valuable recyclables and reduce waste volume going into landfills by up to 85%. Green Energy Renewable Solutions has developed a strategic plan to create sustainable renewable energy with waste-to-energy power plants and the production of waste derived fuels. For more information about Green Energy (Cirque Energy) please visit http://www.cirque-energy.com.
Appendix
Cirque Energy New Management Team
Frank A. O'Donnell, Chairman of Board of Directors
Mr. O'Donnell founded Universal Electronics Inc. which went public in '93 and has sold over 200 million universal remotes. He was responsible for the establishment of the universal remote control in the cable television and satellite industries with companies like Motorola, Scientific Atlanta, Time Warner Cable and Comcast. Mr. O'Donnell serves as a director of several other companies including E World Corp, a renewable energy solutions company and Battery Power Technologies, Inc. Mr. O'Donnell graduated from Northern Illinois University and holds both a bachelor's degree in Finance and MBA from NIU.
Joseph L. DuRant, CEO
Mr. DuRant has been an entrepreneur and business consultant for the past 25 years. His expertise includes structuring, developing, operating and financing start-up and early-stage companies including one that went public as NASDAQ listed company. Mr. DuRant formed Green Renewable Energy Solutions in 2009 and dedicated the next two years to conducting extensive research of renewable energy technologies, including wind, solar, landfill methane production and gasification applications. The plan developed for commercial deployment of waste-to-energy generation production using conversion and diversion strategies became the basis for the Green Energy business model. In 2011 Mr. DuRant joined with Frank O'Donnell to launch Green Energy Renewable Solutions. Mr. DuRant earned a B.S. Degree in Finance and Business Administration from Newberry College in South Carolina.
Thomas Cote, COO
Mr. Cote is a construction and real estate professional with 28 years of experience. Most recently he has been involved in the development of several energy projects including; ethanol, biomass, waste to energy and agricultural products to energy. Tom brings the team an experienced hands-on approach to project development and implementation. In his career, Tom has been responsible for delivering complex construction projects in the United States, Europe, and Asia. Tom's focus includes; establishing the overall business strategy, providing the vision and purpose to advance the company's mission and objectives as well as project planning, go / no go decision making, pre-construction, customer relations, business development, and program management support.
Roger Silverthorn, CPA, Chief Financial Officer
Mr. Silverthorn has over 30 years of experience in the renewable energy business and power plant owner and operator of eight solid fuel biomass power plants in two countries and several states. He led the development of a vertically integrated fuel system in appropriate jurisdictions. Roger also developed a renewable energy marketing company, among the first in the United States. He was an early entrant to the renewable energy business when renewable power generation was in its infancy. His background as a CPA in public accounting has been invaluable to his success.
Richard Fosgitt, PE, Design and Development Officer
Mr. Fosgitt is a professional engineer with over 20 years of experience in engineering projects in a diverse array of size in the industrial, energy and development sectors. He has recently been involved in the development of several energy projects including biomass, waste to energy, agricultural products to energy, and wind energy. His design experience with a number of energy systems allows him to assess customer desires and develop the optimum system to meet those needs within the required economic parameters. In addition, he is experienced with site assessment, due diligence, environmental permitting, and engineering approvals
Dan Garman, Director and Marketing Advisor
Mr. Garman is a broker in the waste and recycling industry. He has been a broker for waste and recycling providers in Michigan since April 2002. Currently, his business is servicing over $40MM annually in government contracts and over $10MM in private industry. Mr Garman, and his company, Crossroads Consulting, Inc., have been engaged as the lead recycling broker for Green Energy Renewable Solutions.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130516005859r1&sid=cmtx4&distro=nx
SOURCE: Green Energy Renewable Solutions, Inc.
Green Energy
Joseph DuRant, CEO, 888-963-2622
or
Investor Relations
Porter, LeVay & Rose, Inc.
Michael J. Porter, 212-564-4700
mike@plrinvest.com
EWRL - MERGER
Green Energy Renewable Solutions, Inc. Merges with Cirque Energy II, LLC
DETROIT, May 16, 2013 (BUSINESS WIRE) -- Green Energy Renewable Solutions, Inc. (otcqb:EWRL) ("Green Energy") announced today that it has merged with Cirque Energy II, LLC, ("Cirque Energy" or "Cirque") a privately-owned renewable energy development company based in Michigan.
Cirque's executive management team, consisting of Tom Cote, Roger Silverthorn and Richard Fosgitt will become officers of Green Energy. Mr. Silverthorn and Mr. Cote will also join the company's Board of Directors. Frank O'Donnell will continue as Chairman of the Board and Joe DuRant and Dan Garmin will continue as Directors.
Green Energy intends to change its name to Cirque Energy, Inc. and intends to apply for a new trading symbol. The company will continue to trade under its present symbol, EWRL, until a new trading symbol is assigned. The new Green Energy management team is comprised of Frank O'Donnell, Chairman of the Board; Joseph DuRant, Chief Executive Officer; Roger Silverthorn, Chief Financial Officer; Tom Cote, Chief Operating Officer; and Richard Fosgitt, Design and Development Officer. Background information on the new management team is included as an appendix to this release.
Cirque Energy, based in Ithaca, Michigan, has specific expertise and extensive experience in the development, design, financing, construction, and operation of landfill operations, renewable energy and traditional distributed generation power projects. The addition of the Cirque management team provides Green Energy with essential execution capabilities that will enable the company to successfully transition from planning to operations in the near term. Cirque also brings project opportunities that are expected to rapidly mature and financing resources that will facilitate securing contracts and implementation.
Joe DuRant, Chief Executive Officer of Green Energy, stated, "Our merger with Cirque came together as a result of our shared vision to create a unique energy development company that provides end-to-end expertise in the development, implementation and operation of renewable energy projects that conserve natural resources and minimize negative environmental impact. Cirque's senior management team brings skills sets and expertise that are unparalled in the energy development industry and our combined strengths will enable Green Energy to successfully transition from a development stage company to a full operating company with the capability to execute and finance renewable energy projects. Cirque Energy has developed a diversified portfolio of potential renewable energy projects that are ready for implementation and which carry with them above-market return on investment."
Tom Cote, President and Chief Executive Officer of Cirque Energy LLC, commented, "We are truly excited to be joining forces with Green Energy to achieve our common goals by challenging the mind-sets and principles of the traditional thought processes relating to waste, waste management, and creating energy from alternative fuels. By leveraging Green Energy's expertise in landfill operations and deploying processes and technologies that focus on converting materials typically considered waste into a fuel to create renewable energy, our environmentally sustainable projects will deliver positive results now and for the foreseeable future."
About Cirque Energy, LLC
Cirque Energy LLC is a renewable energy development company based in Michigan, whose team has strong experience in development, design, financing, construction, and operations of biomass facilities. The Cirque team develops, builds, and operates small to midsize renewable energy power plants utilizing gasification technology, providing new base-load energy demands with sustainable energy solutions. Our focus includes working with industrial clients to develop solutions to provide long-term predictable costs of energy, while maximizing energy efficiency through the use of combined heat and power (CHP) systems.
About Green Energy Renewable Solutions
Green Energy Renewable Solutions is a developer and operator of municipal solid waste and construction and demolition waste processing and recycling facilities. The Company operates with long-term supply agreements to process waste materials into valuable recyclables and reduce waste volume going into landfills by up to 85%. Green Energy Renewable Solutions has developed a strategic plan to create sustainable renewable energy with waste-to-energy power plants and the production of waste derived fuels. For more information about Green Energy (Cirque Energy) please visit http://www.cirque-energy.com.
Appendix
Cirque Energy New Management Team
Frank A. O'Donnell, Chairman of Board of Directors
Mr. O'Donnell founded Universal Electronics Inc. which went public in '93 and has sold over 200 million universal remotes. He was responsible for the establishment of the universal remote control in the cable television and satellite industries with companies like Motorola, Scientific Atlanta, Time Warner Cable and Comcast. Mr. O'Donnell serves as a director of several other companies including E World Corp, a renewable energy solutions company and Battery Power Technologies, Inc. Mr. O'Donnell graduated from Northern Illinois University and holds both a bachelor's degree in Finance and MBA from NIU.
Joseph L. DuRant, CEO
Mr. DuRant has been an entrepreneur and business consultant for the past 25 years. His expertise includes structuring, developing, operating and financing start-up and early-stage companies including one that went public as NASDAQ listed company. Mr. DuRant formed Green Renewable Energy Solutions in 2009 and dedicated the next two years to conducting extensive research of renewable energy technologies, including wind, solar, landfill methane production and gasification applications. The plan developed for commercial deployment of waste-to-energy generation production using conversion and diversion strategies became the basis for the Green Energy business model. In 2011 Mr. DuRant joined with Frank O'Donnell to launch Green Energy Renewable Solutions. Mr. DuRant earned a B.S. Degree in Finance and Business Administration from Newberry College in South Carolina.
Thomas Cote, COO
Mr. Cote is a construction and real estate professional with 28 years of experience. Most recently he has been involved in the development of several energy projects including; ethanol, biomass, waste to energy and agricultural products to energy. Tom brings the team an experienced hands-on approach to project development and implementation. In his career, Tom has been responsible for delivering complex construction projects in the United States, Europe, and Asia. Tom's focus includes; establishing the overall business strategy, providing the vision and purpose to advance the company's mission and objectives as well as project planning, go / no go decision making, pre-construction, customer relations, business development, and program management support.
Roger Silverthorn, CPA, Chief Financial Officer
Mr. Silverthorn has over 30 years of experience in the renewable energy business and power plant owner and operator of eight solid fuel biomass power plants in two countries and several states. He led the development of a vertically integrated fuel system in appropriate jurisdictions. Roger also developed a renewable energy marketing company, among the first in the United States. He was an early entrant to the renewable energy business when renewable power generation was in its infancy. His background as a CPA in public accounting has been invaluable to his success.
Richard Fosgitt, PE, Design and Development Officer
Mr. Fosgitt is a professional engineer with over 20 years of experience in engineering projects in a diverse array of size in the industrial, energy and development sectors. He has recently been involved in the development of several energy projects including biomass, waste to energy, agricultural products to energy, and wind energy. His design experience with a number of energy systems allows him to assess customer desires and develop the optimum system to meet those needs within the required economic parameters. In addition, he is experienced with site assessment, due diligence, environmental permitting, and engineering approvals
Dan Garman, Director and Marketing Advisor
Mr. Garman is a broker in the waste and recycling industry. He has been a broker for waste and recycling providers in Michigan since April 2002. Currently, his business is servicing over $40MM annually in government contracts and over $10MM in private industry. Mr Garman, and his company, Crossroads Consulting, Inc., have been engaged as the lead recycling broker for Green Energy Renewable Solutions.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130516005859r1&sid=cmtx4&distro=nx
SOURCE: Green Energy Renewable Solutions, Inc.
Green Energy
Joseph DuRant, CEO, 888-963-2622
or
Investor Relations
Porter, LeVay & Rose, Inc.
Michael J. Porter, 212-564-4700
mike@plrinvest.com
EWRL - MERGER WITH CIRQUE ENERGY
Green Energy Renewable Solutions, Inc. Merges with Cirque Energy II, LLC
DETROIT, May 16, 2013 (BUSINESS WIRE) -- Green Energy Renewable Solutions, Inc. (otcqb:EWRL) ("Green Energy") announced today that it has merged with Cirque Energy II, LLC, ("Cirque Energy" or "Cirque") a privately-owned renewable energy development company based in Michigan.
Cirque's executive management team, consisting of Tom Cote, Roger Silverthorn and Richard Fosgitt will become officers of Green Energy. Mr. Silverthorn and Mr. Cote will also join the company's Board of Directors. Frank O'Donnell will continue as Chairman of the Board and Joe DuRant and Dan Garmin will continue as Directors.
Green Energy intends to change its name to Cirque Energy, Inc. and intends to apply for a new trading symbol. The company will continue to trade under its present symbol, EWRL, until a new trading symbol is assigned. The new Green Energy management team is comprised of Frank O'Donnell, Chairman of the Board; Joseph DuRant, Chief Executive Officer; Roger Silverthorn, Chief Financial Officer; Tom Cote, Chief Operating Officer; and Richard Fosgitt, Design and Development Officer. Background information on the new management team is included as an appendix to this release.
Cirque Energy, based in Ithaca, Michigan, has specific expertise and extensive experience in the development, design, financing, construction, and operation of landfill operations, renewable energy and traditional distributed generation power projects. The addition of the Cirque management team provides Green Energy with essential execution capabilities that will enable the company to successfully transition from planning to operations in the near term. Cirque also brings project opportunities that are expected to rapidly mature and financing resources that will facilitate securing contracts and implementation.
Joe DuRant, Chief Executive Officer of Green Energy, stated, "Our merger with Cirque came together as a result of our shared vision to create a unique energy development company that provides end-to-end expertise in the development, implementation and operation of renewable energy projects that conserve natural resources and minimize negative environmental impact. Cirque's senior management team brings skills sets and expertise that are unparalled in the energy development industry and our combined strengths will enable Green Energy to successfully transition from a development stage company to a full operating company with the capability to execute and finance renewable energy projects. Cirque Energy has developed a diversified portfolio of potential renewable energy projects that are ready for implementation and which carry with them above-market return on investment."
Tom Cote, President and Chief Executive Officer of Cirque Energy LLC, commented, "We are truly excited to be joining forces with Green Energy to achieve our common goals by challenging the mind-sets and principles of the traditional thought processes relating to waste, waste management, and creating energy from alternative fuels. By leveraging Green Energy's expertise in landfill operations and deploying processes and technologies that focus on converting materials typically considered waste into a fuel to create renewable energy, our environmentally sustainable projects will deliver positive results now and for the foreseeable future."
About Cirque Energy, LLC
Cirque Energy LLC is a renewable energy development company based in Michigan, whose team has strong experience in development, design, financing, construction, and operations of biomass facilities. The Cirque team develops, builds, and operates small to midsize renewable energy power plants utilizing gasification technology, providing new base-load energy demands with sustainable energy solutions. Our focus includes working with industrial clients to develop solutions to provide long-term predictable costs of energy, while maximizing energy efficiency through the use of combined heat and power (CHP) systems.
About Green Energy Renewable Solutions
Green Energy Renewable Solutions is a developer and operator of municipal solid waste and construction and demolition waste processing and recycling facilities. The Company operates with long-term supply agreements to process waste materials into valuable recyclables and reduce waste volume going into landfills by up to 85%. Green Energy Renewable Solutions has developed a strategic plan to create sustainable renewable energy with waste-to-energy power plants and the production of waste derived fuels. For more information about Green Energy (Cirque Energy) please visit http://www.cirque-energy.com.
Appendix
Cirque Energy New Management Team
Frank A. O'Donnell, Chairman of Board of Directors
Mr. O'Donnell founded Universal Electronics Inc. which went public in '93 and has sold over 200 million universal remotes. He was responsible for the establishment of the universal remote control in the cable television and satellite industries with companies like Motorola, Scientific Atlanta, Time Warner Cable and Comcast. Mr. O'Donnell serves as a director of several other companies including E World Corp, a renewable energy solutions company and Battery Power Technologies, Inc. Mr. O'Donnell graduated from Northern Illinois University and holds both a bachelor's degree in Finance and MBA from NIU.
Joseph L. DuRant, CEO
Mr. DuRant has been an entrepreneur and business consultant for the past 25 years. His expertise includes structuring, developing, operating and financing start-up and early-stage companies including one that went public as NASDAQ listed company. Mr. DuRant formed Green Renewable Energy Solutions in 2009 and dedicated the next two years to conducting extensive research of renewable energy technologies, including wind, solar, landfill methane production and gasification applications. The plan developed for commercial deployment of waste-to-energy generation production using conversion and diversion strategies became the basis for the Green Energy business model. In 2011 Mr. DuRant joined with Frank O'Donnell to launch Green Energy Renewable Solutions. Mr. DuRant earned a B.S. Degree in Finance and Business Administration from Newberry College in South Carolina.
Thomas Cote, COO
Mr. Cote is a construction and real estate professional with 28 years of experience. Most recently he has been involved in the development of several energy projects including; ethanol, biomass, waste to energy and agricultural products to energy. Tom brings the team an experienced hands-on approach to project development and implementation. In his career, Tom has been responsible for delivering complex construction projects in the United States, Europe, and Asia. Tom's focus includes; establishing the overall business strategy, providing the vision and purpose to advance the company's mission and objectives as well as project planning, go / no go decision making, pre-construction, customer relations, business development, and program management support.
Roger Silverthorn, CPA, Chief Financial Officer
Mr. Silverthorn has over 30 years of experience in the renewable energy business and power plant owner and operator of eight solid fuel biomass power plants in two countries and several states. He led the development of a vertically integrated fuel system in appropriate jurisdictions. Roger also developed a renewable energy marketing company, among the first in the United States. He was an early entrant to the renewable energy business when renewable power generation was in its infancy. His background as a CPA in public accounting has been invaluable to his success.
Richard Fosgitt, PE, Design and Development Officer
Mr. Fosgitt is a professional engineer with over 20 years of experience in engineering projects in a diverse array of size in the industrial, energy and development sectors. He has recently been involved in the development of several energy projects including biomass, waste to energy, agricultural products to energy, and wind energy. His design experience with a number of energy systems allows him to assess customer desires and develop the optimum system to meet those needs within the required economic parameters. In addition, he is experienced with site assessment, due diligence, environmental permitting, and engineering approvals
Dan Garman, Director and Marketing Advisor
Mr. Garman is a broker in the waste and recycling industry. He has been a broker for waste and recycling providers in Michigan since April 2002. Currently, his business is servicing over $40MM annually in government contracts and over $10MM in private industry. Mr Garman, and his company, Crossroads Consulting, Inc., have been engaged as the lead recycling broker for Green Energy Renewable Solutions.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130516005859r1&sid=cmtx4&distro=nx
SOURCE: Green Energy Renewable Solutions, Inc.
Green Energy
Joseph DuRant, CEO, 888-963-2622
or
Investor Relations
Porter, LeVay & Rose, Inc.
Michael J. Porter, 212-564-4700
mike@plrinvest.com
looking good here to a dime at least to start imo...
Keep them held tight! ;)
yep... buy the pain. my first buys were a little early in the .003 - .004 range but I still love them, and that's why its a first buy... When you look at the %age decline on your first buy and it looks so goddamn awful you just want to blow them out and save something while you still can.. haha.. its time to start making your second buys... ;) i rarely start buying that early and far from actual bottom but i still think we are around, if not, damn close to the bottom at .002 here... GL & congrats to those being able to fill their boats down here imo...
C'mon Asher fill some .0015 boats too please. not trying to be greedy but... Some have been patiently waiting along time now for these. . Keep the sells comin. ;)
Agreed... I love how Asher is pushing like there's no tomorrow to take'er down... Convert it all, something's coming and they can smell it...
agreed... also would be nice to see something along the lines of...
SECTION 7 - REGULATION FD
Item 7.01. Regulation FD Disclosure.
Message from Management to our Shareholders .
We are announcing today that we have retired the Asher Enterprises, Inc. convertible note . Unfortunately 4 million shares were converted before we could arrange the loan to retire the debt. The auditors had allocated approximate 37 million common share reserve for this transaction and a few others. With this pay down, approximately 16.5 million common shares will be retired. The last note remaining is due the middle of May and it is our intention to retire that convertible note as well, we are in the process of negotiating that currently.
agreed... i've been picking up some .003 - .004 slowly myself... i think we're buying pretty close to the bottom here, time will tell.... GL