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On June 24, 2015 the Company entered into the CTR Stock Purchase Agreement (the “CTR Stock Purchase Agreement”) with Infinity Web Systems, Inc. 401K Profit Sharing Plan, a profit sharing plan (“IWSI”), to purchase one hundred percent (100%) of the common stock of CTR (the “CTR Stock”). Under the terms and conditions of the CTR Stock Purchase Agreement the Company purchased the CTR Stock for one million and five hundred thousand dollars ($1,500,000.00). The Company made an initial payment of five hundred thousand dollars ($500,000.00) to IWSI, and entered into a Promissory Note (the “Promissory Note”) with IWSI for one million dollars ($1,000,000.00). The Promissory Note has a term of three (3) years and an interest rate of twelve percent (12%). A copy of the CTR Stock Purchase Agreement is filed herewith as Exhibit 10.3 to this Form 8-K Current Report.
http://ih.advfn.com/p.php?pid=nmona&article=67505707&symbol=FSNR
Who needs an 8-k, this is front page news in the Sunday paper!
http://www.etypeservices.com/Ennis%20Daily%20NewsID64/default.aspx
Any truth to the rumor FSNR consultant Richard Feldman will be setting up a womens apparel shack on the corner of the tire dump?
If this is what you've been told this might turn into more entertainment than I thought! I'm not sure how combining office furniture, computers, artwork, and a few jugs of petrozene will result in this:
"Only Freestone has the technology to turn the tires in to recycleable materials WITHOUT releasing smoke to the atmosphere."
Hilarious stuff!
Is Chuck Cronin "somehow related" to Dynamic Energy Alliance"
Do you think they will be employing the GETH oil pyrolysis machine?
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
January 30, 2015
Date of Report
(Date of earliest event reported)
GREEN ENVIROTECH HOLDINGS CORP.
===========================================================
Licensor reserves the right for one year from the Effective Date to begin construction of a plant in Ennis, Texas, not to exceed ten Systems, and to operate such plant (the “Ennis Plant”). It is anticipated that, if Licensor elects to proceed with the Ennis Plant, it will do so by negotiating a contract to purchase or lease a facility owned by Chuck Cronin and/or C. C. Crawford Retreading Co., Inc. (the “Cronin Facility”). If Licensor constructs the Ennis Plant at the Cronin Facility, and subsequently decides to offer such Plant for sale, it shall first offer the Plant to Licensee by written notice, which notice shall contain a proposed contract, including price and all material terms. Licensee shall have 10 days from Licensor’s notice within which to accept the contract proposed by Licensor. If Licensee rejects the contract, Licensor shall have ninety days within which it may sell the Plant to a third party on the same terms and conditions proposed to Licensee. After said ninety day period, or at any time that Licensor modifies the price, terms, or conditions, it must again first offer the contract to Licensee, and, if Licensee rejects the contract, to third parties, in the manner aforesaid. This process shall be repeated as many times as necessary until the Plant has been sold.
http://www.streetinsider.com/SEC+Filings/Form+8-K+GREEN+ENVIROTECH+HOLDING+For%3A+Jan+30/10233339.html
So much for that 7 figure BS....
"My personal DD says CTR is a small 7 figure revenue company. There will be immediate revenues and profits from this purchase."
Is it your belief that CTR has 7 figures in revenue?
No, I was simply responding to a post I believed to be inaccurate claiming CTR had revenues in the 7 figure range. Looking at the history of CTR leads me to believe that is false.
Maybe they weren't telling the truth in this PR.
http://waste360.com/mergers-and-acquisitions/dynamic-energy-buys-tire-recycling-firm
Dynamic Energy Alliance Corp. has acquired waste tire recycling firm C.C. Crawford Retreading Co. Inc. for about $1 million.
The Memphis, Tenn.-based Dynamic Energy said in a news release that its subsidiary, Dynamic Energy Development Corp., has reached an agreement to buy all outstanding common stock of Crawford. That company recycles about four million pounds of waste tires annually and owns a 10-acre site at its headquarters in Ennis, Texas.
Actually, I was responding to what I believe is an incorrect statement.
"My personal DD says CTR is a small 7 figure revenue company. There will be immediate revenues and profits from this purchase."
My 10 minutes of "DD" indicates otherwise....
No, that was the project. I think what will really be funny is the price/tire FSNR paid for this dump.
C.C. Crawford Retreading Company, Inc.
Oh, I'm sure it is, LMAO!!
The decrease in project development costs from 2012 to 2013 is primarily due to no project development activities during the first or second quarter of 2013. The decrease in consulting services from 2012 to 2013 is primarily due to the termination of monthly consulting fees to Key Services on July 1, 2012. The decrease in general and administrative expenses from 2012 to 2013 is primarily due to decrease in in public company related costs, such as accounting, auditing, legal and investor related activities.
Liquidity and Capital Resources
As of June 30, 2013, we had no cash and our working capital deficit is
$1,741,510. During the six months ended June 30, 2013, we generated no revenues
and have a net loss of $265,048. As of June 30, 2013, we have a cumulative
deficit of $6,620,605. We are illiquid and need cash infusions from investors
and/or current shareholders to support our proposed marketing and sales
operations.
http://biz.yahoo.com/e/130903/deac10-q.html
You mean the former owner of this tire dump has no relevance to today's news?
"Dynamic Energy Development Corp. (DEDC), has entered into an option agreement for the right of first refusal and option to purchase a 10-acre site containing substantial tire feedstock and an existing 2,000-ton per year tire recycling business, located in Ennis, Texas."
The transaction includes the purchase of the Texas-based company, C.C. Crawford Retreading Company, Inc. (CTR). CTR is located in Ennis, Texas and has been in the tire disposal and repair business since 1987. As a wholly owned subsidiary of Freestone, CTR will continue its ongoing operations and will be the catalyst for consistent feedstock for Petrozene. FDEP will be installing and operating a proprietary technology for Petrozene at the site. The necessary infrastructure for immediate operations of the technology is already in place at the CTR facility.
The specific technology that FDEP will operate at the CTR site has been in commercial operation for several years, and its products have been utilized successfully to make Petrozene. Freestone and Dynamis have conducted substantial due diligence on the technology and are confident that implementation of the technology will provide Freestone the necessary control over the production of Petrozene. This consistent supply will provide opportunities to accept long-term contracts for large volumes of Petrozene sales. The technology will also produce other byproducts of value that can result in additional revenue streams.
October 02, 2012 09:00 ET
Dynamic Energy Alliance Corporation's Development Subsidiary Secures First Refusal Rights and Option to Purchase a 10-Acre Site Near Dallas for Green Energy Campus
MEMPHIS, TN--(Marketwire - Oct 2, 2012) - In support of its plan to build its first Pyrol Black Energy Campus near Dallas, Dynamic Energy Alliance Corporation (OTCQB: DEAC), today announced that that its wholly owned development subsidiary, Dynamic Energy Development Corp. (DEDC), has entered into an option agreement for the right of first refusal and option to purchase a 10-acre site containing substantial tire feedstock and an existing 2,000-ton per year tire recycling business, located in Ennis, Texas.
The property, which contains structures aggregating 32,000 sq. ft., is permitted by the Texas Commission on Environmental Quality as a scrap tire collection and processing operation. The location is in close proximity to strategic infrastructure and logistics resources that would enhance the Company's ability to collect and distribute raw and finished materials.
The site was originally optioned by DEDC in March 2012. In June 2012, DEDC assigned its option rights to IWSI PS Plan, an entity affiliated with DEAC's Chairman Charles R. Cronin, Jr. IWSI subsequently exercised the option and acquired the facility on June 4, 2012.
Mr. Cronin stated: "We've arrived at a fair and equitable way to safeguard this important property for the Company's use as we pursue our goal of developing a state-of-the-art energy campus. DEAC's energy campus will combine proven tire pyrolysis processes and other proprietary technologies to optimize outputs of high value organic compounds, synthetic oils, and carbon black; thus executing our vision to convert abandoned tires into recoverable products."
DEAC's purchase option extends through June 2014, with one renewal. The option provides for an exercise price of $1,032,500 (the original price paid by IWSI), plus other considerations that include facility usage fees of $10,000 per month (which accrues until a closing), and quarterly option payments equal to $15,000 per quarter (to be credited against the purchase price if option is exercised) to keep the option current, along with other consideration adjustments to be determined at closing.
Additional information is provided in the Company's current report on Form 8-K with Securities and Exchange Commission on October 2, 2012. The description of the terms of the option is qualified in its entirety by reference to the Option Agreement, which is attached as an Exhibit to the Company's Form 8-K filing.
About Dynamic Energy Alliance Corporation
Dynamic Energy Alliance Corporation (DEAC), www.dynamicenergyalliance.com, is a development stage energy and recycling company focused on identifying, combining and enhancing existing technologies with proprietary recoverable production and finishing processes to produce synthetic oil, carbon black, gas, and carbon steel from waste feedstock. This process is expected to be accomplished with limited residual waste product and significant reductions in greenhouse gases compared to traditional processing. To maximize this opportunity, the Company has developed a scalable, commercial development strategy to build "Energy Campuses" with low operational costs and long-term, recurring revenues.
Receive your DEAC news faster and directly from the Company. Sign up for our express mail list at DEAC Email Alerts.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future.
Dynamic Energy Alliance Corp. has acquired waste tire recycling firm C.C. Crawford Retreading Co. Inc. for about $1 million.
The Memphis, Tenn.-based Dynamic Energy said in a news release that its subsidiary, Dynamic Energy Development Corp., has reached an agreement to buy all outstanding common stock of Crawford. That company recycles about four million pounds of waste tires annually and owns a 10-acre site at its headquarters in Ennis, Texas.
There, Dynamic Energy plans to develop the Pyrol Black Energy Campus. The operation will have the capacity to convert an estimated 100 million pounds of waste tires per year into oil, high-British Thermal Unit (Btu) gas, carbon black and recovered steel using a proprietary pyrolysis process, the energy and recycling company said. The company hopes to develop other sites after this initial operation.
"The Ennis site delivers many advantages to our company including existing permits, proximity to abundant tire feedstock, and strategic infrastructure and logistics resources for the collection and distribution of products across the country,” said Dynamic Energy Chairman Charles Cronin Jr.
Purchase payment will include $600,000 in cash and the assumption and subsequent settlement of approximately $350,000 in existing Crawford liabilities, and other related closing expenses. Dynamic Energy expects to complete the transaction April 20, contingent upon the company raising $1 million in capital within the next 30 days.
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Initially, the Company proposed to develop a full cycle process plant for converting discarded tires to saleable synthetic oil and solvents and carbon products. To accomplish this plan and other milestones, management intended to secure one or more partnerships, on a site-by-site basis, with local joint venture partners and/or financing sources, including companies who produce shredded tire feedstock usable in the plants. The Company's business plan anticipated the creation of a state-of-the-art production facility called the "Pyrol Black Energy Campus" in 2013 and early 2014, as one of its initial milestones. So far we have been unsuccessful in this endeavour. Specifically, the Company planned to acquire, combine and optimize a variety of existing proven and potentially innovative "Renewable Energy" technologies currently available in the market. Once a demonstration plant was completed and entered into full operations, the Company planned to development similar freestanding facilities at different US locations. Creation of such an initial plant requires obtaining a location that has a dependable supply of waste feed stock for the plant, obtaining the necessary capital to develop, construct and set in operation the plant (likely with local joint venture partners and/or other financing sources), and establishment of markets for the resale of resulting products. Although the Company sought to partner with other companies who can provide tire feedstock, land for a plant, and/or capital, on a joint venture basis, we have been unable to find a suitable partner to date. The Company had identified a location in Ennis, Texas as a potential site upon which it could develop its first Energy Campus, and announced its intention to purchase such site, pending the completion of favorable due diligence and the obtaining of the necessary capital required to proceed. Unfortunately we have been unsuccessful in obtaining this capital and there is no indication that we will be able to obtain financing for this project at any point in the future.
Requirements and Utilization of Funds
To implement our plan of operations, including some or all of the above described milestones (objectives), we will need to continue to raise capital ("equity") in an amount between $2,500,000 and $5,000,000 in equity from restricted stock sales or other acceptable financing options over the 12 month period beginning in the third quarter of 2013 on terms and conditions to be determined. Management may elect to seek subsequent interim or "bridge" financing in the form of debt (corporate loans) as may be necessary, or seek out potential acquisition or merger candidates.
In our 2012 Form 10-K, our auditors have issued a "going concern" opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our expenses. This is because we have not generated enough revenues and no substantial revenues are anticipated in the near-term. Accordingly, we must seek to raise cash from sources other than from the sale of our products.
http://biz.yahoo.com/e/130903/deac10-q.html
Dynamic Energy Alliance Corp. has acquired waste tire recycling firm C.C. Crawford Retreading Co. Inc. for about $1 million.
The Memphis, Tenn.-based Dynamic Energy said in a news release that its subsidiary, Dynamic Energy Development Corp., has reached an agreement to buy all outstanding common stock of Crawford. That company recycles about four million pounds of waste tires annually and owns a 10-acre site at its headquarters in Ennis, Texas.
There, Dynamic Energy plans to develop the Pyrol Black Energy Campus. The operation will have the capacity to convert an estimated 100 million pounds of waste tires per year into oil, high-British Thermal Unit (Btu) gas, carbon black and recovered steel using a proprietary pyrolysis process, the energy and recycling company said. The company hopes to develop other sites after this initial operation.
"The Ennis site delivers many advantages to our company including existing permits, proximity to abundant tire feedstock, and strategic infrastructure and logistics resources for the collection and distribution of products across the country,” said Dynamic Energy Chairman Charles Cronin Jr.
Purchase payment will include $600,000 in cash and the assumption and subsequent settlement of approximately $350,000 in existing Crawford liabilities, and other related closing expenses. Dynamic Energy expects to complete the transaction April 20, contingent upon the company raising $1 million in capital within the next 30 days.
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Any idea if this clown is still on the "payroll", or did he go back to his panty business....
FSNR
Richard Feldman, consultant, 250,000 shares or $45,000
Looks to me like someone is trying very hard to pump up the volume by keeping the ask @ .12. I would think with this vol today that if anything they would be lowering the ask considerably.
Wasn't it Jimmy Carter that was banned by NASD?
Jimmy Ray Carter August 1992: Fined $300,000 and barred from NASD for selling shares that were neither registered or exempt from registration. Also charged unfair prices to customers.
http://www.bcsc.bc.ca/Enforcement/Notices_of_Hearing_and_Temporary_Orders/PACIFIC_INTERNATIONAL_SECURITIES_INC_,_et__al___Sec__161_/
FINANCIAL CAPITAL CONSULTANTS, L.L.C. the consultants that received 4.5 million shares according to the latest fsnr filing.
Business Entity Information
Status: Default on 4/1/2007 File Date: 3/4/2004
Type: Domestic Limited-Liability Company Corp Number: LLC4372-2004
Qualifying State: NV List of Officers Due: 3/31/2007
Managed By: Managers Expiration Date: 3/4/2034
Resident Agent Information
Name: INCORP SERVICES, INC. Address 1: 3155 EAST PATRICK LANE STE 1
Address 2: City: LAS VEGAS
State: NV Zip Code: 89120-3481
Phone: Fax:
Email: Mailing Address 1:
Mailing Address 2: Mailing City:
Mailing State: Mailing Zip Code:
View all business entities under this resident agent
Financial Information
No Par Share Count: 0 Capital Amount: $ 0
No stock records found for this company
Officers Include Inactive Officers
Manager - CADE CARTER
Address 1: 3155 E PATRICK LN STE 1 Address 2:
City: LAS VEGAS State: NV
Zip Code: 891203481 Country:
Status: Active Email:
Managing Member - JIMMY R CARTER
Address 1: 3155 E. PATRICK LANE, SUITE 1 Address 2:
City: LAS VEGAS State: NV
Zip Code: 89120-3481 Country: US
Status: Active Email:
A professional understands wash trading. Wasn't FSNR consultant Jimmy Carter involved in some type of similar shenanigans in the past?
I'm still waiting for disgraced FSNR consultant Jimmy Carter to give his s/p prediction.
The SEC disagrees with that BS:
Insiders Own Large Amounts of the Stock In many microcap fraud cases - especially "pump and dump" schemes - the company's officers and promoters own significant amounts of the stock. When one person or group controls most of the stock, they can more easily manipulate the stock's price at your expense. You can ask your broker or the company whether one person or group controls most of the company's stock, but if the company is the subject of a scam, you may not get an honest answer.
http://www.sec.gov/investor/pubs/microcapstock.htm
Yep, that was last year when the stock traded at about .20 for months. Now with the new filing trying to raise $500k, I doubt they'll get .10 for the estimated 5+ million shares they'll need to dump.
During the six months ended December 31, 2014 the Company sold 2,445,000 shares for cash proceeds of $242,000.
I believe the pilot is more than complete. Rumor has it that it was a complete flop.
The actual price target based on the SEC filings is less than $.01. Just think, if someone was to buy FSNR out the value would be closer to 100k. They have very few assets, no business activities going on besides selling a few gallons of some unknown, and apparently unwanted product that anyone can sell. I wonder if someone is wash trading this dog? I doubt they can announce anything right now do to the "unusual" trading pattern.
.08? You should have unloaded them at $.25 like those who met at the Big Texan months ago.
Please stay on topic. The only topic to be discussed here is FSNR.
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The last hundred pr's "laid out"some sort of bird brained, fake,or failed business plan. I'd bet the odds are over 99% the next one will be as bad as the last one. I'm wondering what percentage of that bloated G+A expense is paid for the pathetic promotional services.
"That strategy is making more and more sense to me."
If they wanted to I guess they could. Problem is there is no market for these machines. Again, if they wanted to, why would they need PTOI? Heck, they could even hire Bordy for consulting if they wanted.
Does $40 in trades count as a "trading day". If so, FSNR has traded 3 times in the last 6 trading days. Reality is starting to set in as the s/p hovers around historic lows.
No, I'm talking about the facts, you are talking about fantasy business plans again. I do agree that the facts have made it clear to most.
You are so wrong. The facts and history make it clear exactly how wrong.
Looks like the site is dead....
Sep 3, 2013 By EagleFordShale.com Staff
Aqueous Services has signed up numerous companies in the Eagle Ford since it first opened. The Aqueous load out facility is strategically located near the cities of Stockdale, Nixon, and Gillette at 2200 CR 458 in Wilson County 78143. Water is provided 24/7 from the Carrizo Aquifer. To learn more, visit Aqueous Services’ website at http://www.aqueousservices.com.
You do understand that when an MM shows a bid/ask way outside the trading range it means he isn't interested in making a market in that security at that time. Kind of makes sense when the stock is only trading $1500 worth of volume. Obviously CDEL isn't interested in an illiquid penny stock right now.