buys stock in bulk! Stock up and save!
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Been working my tail off too...
I didn't think 13000 was possible this quick, just ready to protect on the downside.
Nope...fried egg.
I'm actually thinking we can see a little light at the end of the tunnel...but, when I think it could get a little better that's when you got to worry about getting hit over the head with a hammer.
Would love to see this continue.
Canary Islands...Spain's Collapse is going to make this "near Hawaiian" Paradise really cheap. ;)
These guys are now illegals living in Barbados.
http://barbadosfreepress.wordpress.com/2011/10/23/another-half-billion-dollar-barbados-resort-announced-with-standard-fanfare-concept-paintings-etc/
Kevin Hamilton in Barbados with our money...
http://barbadosfreepress.wordpress.com/2011/10/23/another-half-billion-dollar-barbados-resort-announced-with-standard-fanfare-concept-paintings-etc/
by BFP | October 25, 2011 · 4:25 pm
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Source: Barbados Foul Bay developer Ecoterra International Corporation failed to file financials for last three years
Take it with some salt folks…
Before we all go running off proclaiming that this or that is the truth, keep in mind that Barbados Free Press is an anonymous blog, and that someone using the name of “St. George’s Dragon” posted some information as a comment through one of those European anonymous proxies.
Maybe this is a personal vendetta and totally false. Maybe it’s a little bit true. Maybe it’s all true.
Whatever the story, rumours about another half billion dollar project on our little island are important enough that this story deserves to be vetted in public. Especially considering how much our coastline has been blighted by unfinished projects.
We just posted our story Another half-billion dollar Barbados resort announced with standard fanfare, concept paintings etc. when along comes St. George’s Dragon to have his or her say.
We’ve emailed Ecoterra to get their comments, but haven’t received anything back from them. If we do, we’ll be happy to post their side of the story with equal prominence – maybe more.
As well as the information in the following post, we’ve been doing some research ourselves and find:
Shin Lee is a Managing Partner at CF Canada Financial Inc., Toronto, Canada. He is also a founding JV Partner at Pure Beach Resort & Spa, and Eastern Regional Manager at Accolade Lands. In the past, he was Chief Marketing Officer at Ecoterra International Corp, and principal at Tritan Canada Financial.
We also found that Alex Gross of 202 – 130 Spadina Ave. Toronto, Ontario Canada m5v2l4 registered the domain name of EcoTerraInternational.com.
Posted by St. George’s Dragon…
For a company which says it is a leading developer of waterfront locations throughout the world ecoterra is a bit shy about saying what they are. If you go by their website, they only seem to have one project on – Foul Bay.
The company was incorporated in 2008. Its filings for 2009, 2010 and 2011 are overdue.
Its Director of Development, Kris Parthiban, has been associated with two previous projects, 11 Christie Street, Toronto and Elevator Bay, Kingston, Ontario. Both were developed by a company called Lux Group Inc. Remember that company’s name.
Another Director of ecoterra is Lennox Gibbs . A Lennox Gibbs (charitably, it may be a different one) is also Managing Director of Global Operations and a Director of Strategy International Insurance Group Inc (Strategy Group).
Strategy Group gave a guarantee on both Christie Street and Elevator Bay.
Two other Guarantors were Strategy Holding Company Limited (Strategy Holdings), a Barbados company and Strategy Insurance Limited (Strategy Insurance), which is listed as being at the Sagicore Corporate Centre, Wildey and is meant to be the “predominant subsidiary” of Strategy Group.
Ever heard of it?
Strategy Group has a market capital of just $90,000 which looks a bit odd when its subsidiary Strategy Insurance, when it was approved by the Supervisor of Insurance here, was meant to have an equity value of $506,524,914.
Strategy Group owns a company called Strategy Real Estate Investments Limited (Strategy Real Estate). In the New York Courts, Strategy Group and Strategy Real estate were named in a legal action. The background to it was a deal to raise US$50 million of funds to invest in short-term mortgages in Canadian real estate being developed by Lux Group (that name again!), which was a company “under common control” with Strategy Real Estate.
From the Court judgement:
“Three individuals, John Hamilton, Sandro Sordi and Kevin Hamilton, were described as the management team in charge of investing the funds. Background information regarding their previous financial and business experience was provided. However, McMahan failed to disclose that all three men had either prior criminal convictions or other legal problems throughout their careers.
Specifically, in 1995, Sordi and John Hamilton were involved in writing false and postdated checks to their employees arising out of a failed donut shop. Also in 1995, Sordi pleaded guilty in a Canadian court to criminal charges associated from willfully furnishing false information and misappropriating government funds. In 2002, Sordi was found guilty in Broward County, Florida,….. of fraud and theft arising from two separate actions.
http://barbadosfreepress.wordpress.com/2011/10/25/source-barbados-foul-bay-developer-ecoterra-international-corporation-failed-to-file-financials-for-last-three-years/
Kevin Hamilton from LUX...see below.
John Hamilton was involved in the transactions surrounding each suit but was not found liable for any wrongdoing. Kevin Hamilton pleaded guilty in 2001 to Canadian charges of falsifying tax returns and was ordered to pay $5 million (Canadian) in back taxes and fines. In addition, Kevin Hamilton twice filed for bankruptcy, in 1996 and 2003.”
Kevin Hamilton was quoted as being the Chief Executive Officer of Lux Group in 2009.
So what does all this mean? One Director of ecoterra used to work on developments for a network of companies which were run by individuals who had criminal backgrounds. Another was a Director of an insurance company group which again had the same or similar Directors.
Neither may have had any idea about what was going on.
Do you think it is a good idea to invest in the Foul Bat development? Would you recommend it to your friends?
Market should remain flat here until March. Then we decide where we go. Would like to see some positive moves with the Presidential Election.
I think we are all trying to figure out if it is a real corporation.
When will this get pumped past $.20?
In honor of the 44th President of the United States , Baskin-Robbins Ice Cream has introduced a new flavor: Barocky Road .
Barocky Road is a blend of half vanilla, half chocolate, and surrounded by nuts and flakes. The vanilla portion of the mix is not openly advertised and usually denied as an ingredient. The nuts and flakes are all very bitter and hard to swallow.
The cost is $92.84 per scoop, so, out of a hundred dollar bill, you are at least promised some CHANGE!
When purchased, it will be presented to you in a large beautiful cone, but, after you pay for it, the ice cream is taken away and given to the person in line behind you at no charge.
You are left with an almost empty wallet, staring at an empty cone and wondering what just happened? Then, you realize this is what "redistribution of wealth" is all about!
We should all be mad as hell...
General Electric is moving its 115-year-old X-ray division from Waukesha, Wis., to Beijing , CHINA. In addition to moving the headquarters, the company will invest $2 billion in China and train more than 65 engineers and create six research centers.
This is the same GE that made $5.1 billion in the United States last year. but paid no taxes-the same company that employs more people overseas than it does in the United States.
So let me get this straight. President Obama appointed 'Job Czar' G.E. Chairman Jeff Immelt to head his commission on job creation
Immelt is supposed to help create jobs.
I guess President Obama forgot to tell him in which country he was supposed to be creating those jobs. If this doesn't show you the total lack of leadership of this President, I don't know what does.
Please pass this information to others and think about it before you buy a GE product.
This has been verified on Snopes.
They wouldn't have submitted the paperwork to the BLM without having the ability to close on it. Why would they work so feverishly to pay to keep things current unless they knew what they have. Should have happened months ago, dilution sucks, nothing to do but give them some time and hope that they pull a rabbit out of their hat. Not selling...what's the point.
I am assuming deals get rushed by the end of the year for accounting reasons. Just like last year the run up could happen in January.
I think VoQu was mentioned here...maybe, maybe not...had a hard time understanding it towards the end.
I think we are all in agreement this is undervalued. A few long-timers have been selling. Which, is fine. WNRC's next big news is going to be the acquisition talked about during the conference call.
IMO, this is still worth $.50+
When/If the economy turns around the assets in here could easily be sold for $20-30 Million.
Phil: You want a prediction about the weather, you're asking the wrong Phil. I'll give you a winter prediction: It's gonna be cold, it's gonna be grey, and it's gonna last you for the rest of your life.
-Groundhog Day
Let's hope so.
Sweet...can't wait. It'll be interesting to see how alcohol effects you on the moon.
As soon as we build a passenger space ship we can all be vacationing on the moon too.
I read on here a long time ago they were being evicted from their rental property.
Kind of 'strange' that there are so many related parties here. You give stock to a friendly party have them sell stock and give you cash. Ironic how the circle goes...isn't it?
Genethera hasn't produced any real revenues, only expenses. Who would pay to have these guys working for them only to have them produce nothing. All I know is if I was hired to produce something and was completely incapable of doing it in 3-6 months I couldn't live with myself and I'd move on. I seriously doubt Milici and Irizarry have any real goals of selling jack crap. Rather they just come to work everyday to find a way to sell stock to support their lives.
Government is run like a penny stock...
You can't get rid of the guys running it...
Everyone has grandiose schemes...
When you run out of money you just print more (cash or stock)...
They put it out to pump the stock. :D
But, then again, everyone knows that already.
Amazing they can get paid and produce zero results...well, just keep selling more stock.
Sounds like a government job. You can't get fired. You don't have to do anything. And, when the 'company' runs out of money they just print more.
Ms. Irizarry is married to Dr. Antonio Milici. Therefore, she has a beneficial interest in his shares.
http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=6195094-196141-202557&SessionID=SnrFHv7tKX5MCl7
Setna Holdings, LLC is a related party to the Company with a promissory note of $107,552. Mr. Anthony J. Milici is the Managing Director of Setna Holdings.
http://sec.edgar-online.com/genethera-inc/10ksba-amended-annual-report-small-business-issuers/2007/05/02/Section18.aspx
Ironic that he was able to do a promisary note of this size while they were going through eviction process.
You change the name of a pig from Wilbur to Porky...it's still a pig.
LOL, BoNa Coffee in Michigan...I thought they had leases, etc. What a crock that was. When I called the Ann Arbor Chamber of Commerce and told people here they never heard of any new BoNa store...I was villified.
If any one should be going to jail it's the Officers from BoNa and VoQu too if this turns out to be another bogus PR blitz to raise money through selling stock.
I don't believe "hope" as an investment strategy.
...Not impressed by what I've seen. As a shareholder, taking an offer would have been the smartest thing to do for shareholders.
Permits are going to be a lot easier to get than you make it out to be. JMO.
I don't buy into doom and gloom. Sorry.
Wow...That's awesome... Can't wait!
Unfortunately, I'm not going to police these guys...but any one invested here should see that this 'shell' has been operating for a long time with the same results. No reason to expect a miracle here.
A pig in the front yard, a pig in the back yard...no matter where you put it...a pig is a pig is a pig!
I would tell anyone who is considering owning this pig to look for a better looking pig somewhere else.
Doubt it will happen.
Basically, anything under $52, you are making money? (varies depending on how much theta is left (hopefully greater than $3.02). Between $52-55 - you go from $3.02 to $0?
I agree...
Hey, wanted to get your opinion.
Hypothetically...let's say you have $1 Million QQQ stock. And, you wanted to only spend $20,000 to guarantee (basically, lost money) against a "catastrophic loss" i.e. a more than $200,000 loss...making a 1 time bet for the year or using the same strategy every month (to keep it going). If the stock only goes down 5% it is not going to get cashed in.
What do you think is the best option strategy to get there? Had this debate with a friend.
i.e. most cost effictive way to save your arse in the event of a greater than 20% loss. i.e. in the money, out of the money, puts, selling calls, married puts, etc. and, if you got the time use a real option pricing.
Right now QQQ $54.52
Not many vodka shares or snake oil traded today.
I bet if was a past nuclear test site they'd still try to save it from being mined.
Load up for another run.