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It´s pretty meaningless as soon company reacts.
It was said MEIL has no active business or no business plan without knowing what company plans, just because people don´t see an active business currently. But not everything is public information!
Sharp also would only take over to look for a new business. What is his business plan?
If you think he has already a business lined up, how without knowing the financial situation?
In this situation a judge would always decide for the company if the license is active and if they confirm a plan to file. Judge would decide either way for the company as soon they respond and confirm plan to file.
It´s allowed being a shell and to look for a new business. I´m not saying MEIL is a shell, but in case there is no active business it would be possible to file as a shell. It´s probably not even necessary to show an active business or negotiations.
Company only needs to file and this costs yearly around $6k with otcmarkets. And a good attorney can do it in one week!
No big deal for the company. I guess they planned to file with the SEC, but now they easily could file with otcmarkets to get this out of the way and what case has Sharp then?
It´s easier to have a plan if you know everything because you managed the corporation. George doesn´t know the financial situation, he knows only last filings. Company is in a much better position. But they need to react if they want to keep MEIL or to file.
This could change soon.
I made my points clear. Everything i read here is for me very naive to believe. I don´t agree to anything which was said.
I wait for the result. I think we all agree that there are signs company will fight this custodianship. I believe the directors are always in a better position if there is no wrongdoing, a plan and an active license.
The tweets, website update and description change, logo change make me believe company prepares to contest it.
George is stubborn, so i guess he won´t withdraw the custodianship but in my opinion that would be the right thing to do.
I believe he has no case as soon company responds and shows a plan!
A new website is evidence. Yesterday i have read here i hacked the twitter account. How ridiculous... Now you see they update the website. When there was no website it was said there is no website, no phone.... But no mattter how much new evidence we get, no one wants to see it.
So they work on a new website http://methes.com interesting. Good to see. This should be an easy case. Sharp should withdraw the custodianship. It´s ridiculous to try and waste company´s money for this.
With AQUI custodianship case the judge decided with very limited information for the first custodianplayer and the second failed (it was two times hijacked).
I found a tweet with Court case (no access to court filings) https://twitter.com/t4kingoff/status/1206971258828677120/photo/1
And if it´s so easy to convince a judge then i wonder why people believe it could be difficult with MEIL,.
And MEIL is not in the hands of some custodianplayer, it has since many years the same management.
AQUI never filed after it. So it´s not that a judge investigates true intentions it seems or a real active business. It´s only about to reinstate the business license (not with MEIL, it´s active) and then to promise a potential business or merger and filings. Negotiations are already enough!
This is my impression but we will know soon.
I understand we have limited information. Of course it´s nothing, but there is a reason for the twitter changes. I expect them to react.
We will find out soon! GL
I would not call it less evidence pro Methes management than pro Sharp after we noticed company prepares to fight it (i can only think that way when i see the changed description, the changed logo, the tweets). They have a reason for it.
A company with active license which reacts and did nothing wrong is always in a better position than the person who tries without any reason to take their active corporation away.
The reason for many posts is not because i want to post here or i feel i need to discuss this the whole day, it´s because i react because my opinion is not accepted.
I´m fine with waiting if company responds or not and for the decision. But if i recceive these kind of answers of course i post also my opinion.
Let´s talk in 2 years again what Sharp has done. I see no value beside hyped stocks which reached high pps and now people think this is some sort of guru.
But real value i don´t see and let´s not forget he pumps shells on Twitter with reporting every step before he owns them which is not solid or professional. His corporations have not even sec filings. And they were all frontloaded.
And because of his choice of shells recently he is declining. RETC, also GVSI cannot change the name probably or very difficult. What do you think will happen if he loses RETC, MEIL and cannot change GVSI name? OTC changes fast, and from guru he can be fast the person where people stay away.
I watched the investigation video, i guess you know what i mean. Don´t ask me about my impression.;)
I´m a longterm investor and have more reasons to post here than anyone else! And what George wants is meaningless because he doesn´t own the corporation. It has officers, an active business license and a plan. You cannot steal active corporations. That´s not how it works.
I see more speculation in posts pro Sharp who has not even a case as soon company answers. It´s ok to say Sharp will win based on nothing beside wishful thinking but it´s not ok to post many reasons pro MEIL.
People underestimate the active business license in combination with company answering the case. Probably only need to say they intend to file, and George can go home.
As soon RETC would reinstate George would be also out of the picture. Here the license is already active. And the requirements to go after companies with active license don´t fit to the situation with MEIL.
I understand the subsidiary Methes Energies USA was used to generate revenue in USA
But assets were sold, why should they keep the license for Methes Energies USA active if this business doesn´t exist anymore?
In this moment where you plan to merge possible a new business into your public shell you keep only the license of the public listing active.
Who knows what the new business will be and under which name it will operate.
Unfortunately i see zero chance if the company with active business license and plan for the future answers and shows the judge they have a plan and intention to file.
George should withdraw the custodianship like Cutler has done and should look for abondoned shells. He has no case and wastes company´s money for lawyers for no reason which is shameful when he could take over 100 dead stocks without active license and without plan for the future!
You noticed the tweets, it seems the company prepares to fight the custodianship: https://twitter.com/MethesEnergies/with_replies
You said how can they operate without active license but we all agreed that last years there was no active business and no operation after they sold assets and that MEIL is more like a shell and if you invest in a shell you look at the business license on NVSOS associated to the public listing.
For what do they need in this moment another business license? If they acquire a new subsidiary it will have an active business license. But this did not happen yet!
Please explain it better because really it doesn´t make a lot sense to me. And you called my post missinformation just because i called Methes Energies USA subsidiary when infact it´s called in SEC filings subsidiary. How can i understand this?
I believe i look exactly where i need to look and you look at the subsidiary and this is where the real missinformation is. SEC filings prove it.
If it was the subsdiary after selling assets of course it will be dissolved.
The Nevada Corporation for the public listing is active and was in default close to two years and if someone wants to take over a ticker this is exactly where they have to look and if it would be revoked this is where the judge would order to reinstate it. And if i want to invest in a dark company i would look at the license connected to the public listing.
You can call it how you want, i call it business license.
If i´m wrong i would have no problem to admit it. But i don´t see it. I follow SEC filings and information and this is how it was called.
When I posted yesterday Methes Energies dissolved the subsidiary METHES ENERGIES USA LTD. you said METHES ENERGIES USA LTD. wasn´t the subsdiary. But that´s how it´s in SEC filings called under Business Overview, here for example page 1:
https://www.sec.gov/Archives/edgar/data/0001436549/000121465909002298/f92390s1.htm
"Methes Energies International Ltd., a Nevada corporation (“Methes International” – fka Global Biodiesel Ltd.), through its wholly-owned subsidiaries Methes Energies Canada Inc., an Ontario corporation (“Methes Canada”), and Methes Energies USA Ltd., a Nevada corporation (“Methes USA”), is in the business of producing and distributing biodiesel and selling biodiesel processors and related services throughout North America. Methes International, Methes Canada and Methes USA are referred to in this section collectively as “we,” “us” and the “company” unless the context indicates otherwise, in which case such terms refer just to Methes International."
I have all the research I need.
Is it allowed to post a logo change? What´s wrong with updating changes of the company who is in control of the ticker and has an active business license with state of Nevada and started to tweet yesterday? I´m a long term investor here.
Yes currently it would be a false description, the assets were sold. There is a reason for these updates and a hacker would not remove the description and only add MEIL OTC.
If they don´t contest, why removing suddenly the business description and change it from Nasdaq to OTC? I expect they will do something. The stock is also something worth.
Why was the description "We are a renewable energy company that offers a variety of products and services to biodiesel fuel producers" removed? It´s maybe about a new plan and a new business they will acquire.
The business in the old form doesn´t exist anymore, we all agree. But i believe they will acquire a new business. No one knows beside the management what they plan. But if they are already in talk to acquire an operating company, then it´s not dead. We are just not informed yet what they mean with it´s not as dead as some people think.
I´m not here to answer personal questions and i see no reason to explain myself. All these posts are off topic. Please focus on the stock, sharp or Methes management but not on other people who post here! Thanks for understanding!
I believe they updated it to show the judge they are active and not for us.
A hacker would use other words which make it more clear.
What´s wrong with their tweets?
I never received a response from the management, i have no contact. If i would have been in contact why did i post few weeks ago about the company should release the plan and complained about the frontloading?
I thought the company was behind the frontloading. What i see are baseless accusations to distract the topic from that this custodianship will probably fail because company will fight it.
I guess some are worried to lose and this is the reason for all these posts and tries to discredit me!
They made clear company isn´t dead and they are working on progress but it´s a slow process. I believe the meaning is clear. They won´t release a shareholder letter on twitter. They also changed the ticker from Nasdaq MEIL to OTC MEIL. Details we will find out when they file it or release the plan.
I´m what? You see my post history since 2007 here. How can you ask me this?
You expect them to tweet details about their business plan before there are filings? lol
The company disagrees, they are dark, maybe there is a plan which is no public information yet.
No idea who manages the twitter account.
Oh ok, i thought you did not see the tweets-
And 6 minutes ago they posted a new profile pic: https://twitter.com/MethesEnergies/status/1391407223012696065/photo/1
The company made hours ago clear they have a plan and the business is not dead! They even changed the description from Nasdaq to OTC MEIl: https://twitter.com/MethesEnergies/with_replies
Methes Energies
16h @MethesEnergies
The reports of the death of MEIL have been greatly exaggerated. #meil, #methesenergies
Methes Energies
@MethesEnergies
·16h
This is not a re-tweet. “It does not matter how slowly you go as long as you do not stop.” ?Confucius"
#meil
What does it tell you?
Still confident company won´t react and will allow that a hijacker takes their ACTIVE corporation away from them?
The company has a plan, this is the reason i invested here and for explaining and describing the situation i got personal attacks in return which says a lot.
There was just no interest to see the true situation, the frontloading, the signs that company has a plan, ignorance that they updated the business license in a moment someone could hijack it which was a strong sign they want to keep MEIL beside domain they updated and Twitter account and beside David Cutler who has withdrawn his custodianship because probably he was contacted by the company! And this coporation has since many years the same management. This isn´t one of your pos stocks!
I bet you still believe George will win!
Big board or previous bb companies often don´t answer emails from investors. They don´t give special information to anyone! They don´t confirm anything in a moment they are officially dark. In a moment there are no filings, there are not many information.
It doesn´t matter if there are limited costs for updating a domain or business license. If there is no plan, no reason to do all these little things and keeping twitter active which shows the stock symbol. These things don´t happen with previous Nasdaq companies!
I´m btw not surprised that no one posted about it. I´m sure many noticed these tweets!