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I had concerns as well when I read the negatives here on Frank Pringle so I called him and asked what happened. He sent me this letter from 2009 after his retirement. (it formated weird when I paste it here)
September 10, 2009
Global Resource Corporation
Atrium One, Suite 100
1000 Atrium Way
Mt. Laurel, NJ 08054
Dear Peter:
During our last conversation, as you may recall, I mentioned my many reservations about the direction of Global Resource Corporation. I stated that, in my opinion, the company has gone backwards since my “unceremonious” departure. I have listed below various subjects and their status during my employment compared to their current status as I know it.
Frank Pringle as CEO vs Current Status
Cash in Company In Excess of $10 Million - Less than $1 Million
Burn-Rate $1.2 Million/Year by F.P. - $7 Million+/Year by Eric Swain
Pennsylvania Grant In Excess of $12 Million - -0-
Delaware River Dredge In Excess of $200 Million - -0-
C6 $48 Million+/Year - -0-
Schlumberger License $250,000 by 8/09 - ?
Schlumberger Press Release Written and Agreed upon - No Press Release
Schlumberger Order Negotiating Order for Well Head - -0-
$10 Million Order and Licensing Fee
Qualified Leads That Visited GRC Minimum of 120 - They Blew It
Prototype Gave Swain the Material Handling And Venting Antenna Solution - Status Unknown
Qualified Consultant Vic Roe - -0-
Patent Attorneys Woodcock & Washburn - -0-
Media/Public Relations Gregory FCA* - Dick and Steph Stern (Eric’s Friends)
Frank Pringle Stock Shares Returned 60 Million Shares
Extension of Frequency Device from 8.2 to 18 GHz Started in Spring of 2008 by F.P. - Status Unknown
Share Price at F.P.’s Departure $2.51/Trading 2 Million Shares/Wk - $.90/Trading Less Than 200,000/Wk
*Time Magazine, Popular Science, Philadelphia Inquirer, and many other U.S. and international trade journals and newspapers.
At the time I left GRC, I felt certain that even the most unqualified of successors would be able to bring the above items to fruition with the guidance of the Board of Directors (which I was a member of). However, that does not seem to be the case. As I told you over dinner, I am very concerned, on behalf of the shareholders, about the well-being of the company and its ability to continue operations. I believe I can help get many of the above items back on track.
Sincerely,
Frank Pringle
Cc: Kim O’Brien (per my conversation with her on today’s date)
I think that "wall of stock" is pure BS.
Look at this link: [url]otcshortreport.com/index.php?index=LIBE&action=view
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Fingers Crossed
Sounds excellent - glad to have found this one
I find this Popular Science article about the CEO:
http://www.popsci.com/popsci/flat/bown/2007/innovator_2.html
Sounds interesting, I'm looking into the company now
Just came across this one. I for one would like to hear more regarding their patent pending tech. Shame companies like this are noticed after a spill happens - be great to have something like this in place before history repeats itself.
IMO
Rotate Black Gets Approval to Proceed From MS Gaming Commission
PETOSKEY, MI, Aug 17, 2012 (MARKETWIRE via COMTEX) -- Rotate Black, Inc. (PINKSHEETS: ROBK) On August 16, 2012, Rotate Black MS, LLC an affiliate of Rotate Black, Inc. received unanimous Approval to Proceed from the Mississippi Gaming Commission for its four-star Casino/Resort in Gulfport, MS. The Project will feature over 100,000 sq. ft. of gaming and entertainment space as well as a 205 room hotel. The gaming and entertainment space will boast 1,188 slots, 26 table games, steakhouse, water view bar, extensive exterior decking, center bar, buffet and cafe. The Hotel features four-star amenities including a library, spa services and a waterfront pool with swim-up bar. "We're thrilled with the outcome of today's meeting and with thorough process of the Commission. This resort will be one of the finest on the Gulf Coast and a huge draw for the City of Gulfport," Dual Cooper, Rotate Black, Inc, President.
The Project will be located on a 9 1/2 acre property directly on the recently renovated Bert Jones Yacht Basin and adjacent to the new waterfront Harbor Square Park with its pavilions, green space and art and entertainment facilities. This is one of the last gaming-eligible sites in Gulfport, MS and will offer unparalleled vehicle and pedestrian access. The site is at the intersection of Highway 49 and US 90 and will offer direct access to I-10 via the Central Harrison County Connector Highway.
As a requisite of this approval, RBMS secured $112m in debt and equity to finance the completion of this Project. "We have fantastic financing partners that will add a ton of value to this project both during development and the operations of the resort," Jeff Bacigalupi, Rotate Black, Inc. CFO. In addition to Rotate Black's minority interest in the project, they have entered into a management agreement to manage the Project that, once the Project is operational, will generate up to $300,000 per month in ongoing management fees for the Company.
SOURCE: Rotate Black Inc.
Copyright 2012 Marketwire, Inc., All rights reserved.
I've reached out to the company to gather more info to update the I-Box. I believe yesterday's news warrants some attention and discussion - I like the way this could shape up
This looks ready to go - I'd love to see some PRs out about this news
Rotate Black ready to start Gulfport Harbor casino projectPublished: August 16, 2012 Updated 23 hours ago
Read more here: http://www.sunherald.com/2012/08/16/4129670/gaming-commission-approves-rotate.html#storylink=cpy
Some great news - insert-text-here
insert-text-here
There we go
Interesting read - rapimeds looks promising
And a good place to jump in
I'm waiting to hear something from the company myself - either way it could be a new direction
Actually, does anyone know what licenses FBC holds these days?
I did well on this deal last year - I'm curious to see the new business plan sans Sid
The call is still going on David, and yes he answered your question (2 of the 4 are currently generating revenue). I believe a recording of the call will be hosted on the website after so you can listen to the answer again.
I would love to know specifically what deals the new CEO has done in the past.
AEXG's been sending e-mails from OTCVault. Last time I got their mail was GBRC.
Anyone watching this one?
I've been getting e-mails regarding this company from OTCVault. Last time I got their mail was GBRC.
Anyone watching this one?