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No one asked you to be impressed (or not) with words of any particular value. And I would have to say that if McConald's would be an upgrade for you then what prey tell qualifies you to moderate this messae board?
On the issue of any attempt to use this board or any other "to promote the successful sale of stock by this company" (your quote), my answer would have to be that anyone who relies on annonymous postings for the purpose of buying or not buying a stock position is seriously delerious and would have suffered from being in the sun too long. I will also add that it is my considered judgement that postings from these message boards do not constitute legitimate due dilligance on the value of a companies viability by any measure. That would be true for ATNE or any other company.
The purchase of any companies stock should be considered as a serious economic decision which is a far cry from the general attitude reflected in your statements presented here.
First, I am not responsible for your education and your questions are more to the point of asinine than they are anything else.
As for the 17 (b) what I posted in my previous answer addresses that very well if you actually bother to read it. I don't do single syllable answers for individuals who would otherwise be hard pressed to hold a position at the drive through window at McDonald’s.
As to my position with the company, you’re right that is my business. On the issue of my "inside knowledge of the Stock" there has been nothing posted here that would be anything other than a discussion of the legal health and well being of the company as it related to the investigation and the findings from that and the intent of the management to maintain that well being for the benefit of the investors.
As to the "royal we" you should actually consider yourself to stand corrected in terms of it being instead the "papal we" because that would definitely be more appropriate. This takes the concept of sovereignty one step higher and to a more appropriate level if you will. This is a character trait that while interesting is of little consequence in any discussion here.
And, on the issue of how the company will communicate in the future with shareholders and the general public I'm sure that will be done in terms of a legitimate web site as well as the generally accepted corporate press releases. I have no standing from which I can represent the position of the company on this site or any other. What I have stated here is based on documented fact as it exists and is pertinent to discussions of the company’s viability in an ongoing ability to execute its business model. That being without the undue influence associated with the previous nest of stock fraud artists.
The issue here is that through the structure of your statements and questions you establish a very leading position that is completely recognizable - somewhat akin to the old "are you still beating your wife", line of questioning. This in not only singularly offensive in it's construct it is patently obvious what is being attempted on your part. So, hat you will find is that the generally mundane chatter here is just that - chatter. It is fairly apparent that there is no intent to support a literal discourse on any subject that would be of importance in these matters because you either attempt to redirect the main point to some inane point or as I have previously experienced make claims of being off subject.
The company management is definitely not in attempting to maintain meaningful communications with the shareholders or the general public through any means other than authorized conduits which certainly would not include "anonymous postings" here or anywhere else.
Generic,
As if you did not understand the requirements of “legalese” there are certain words and phrases that are required under any circumstances. And, what seems to be obvious in how some of your phrases are structured is that instead of not only obviating yourself to the full context of what is contained in the TNE press release you want to cut out some small nebulous area and stir things with innuendo.
The purpose of the whole exercise in dealing with the crooks and thieves in the manner consistent with their activities that had targeted MXPR/AETE from the beginning as a conduit for the continuing conduct of a much larger set of illegal activities is simple and straight forward – a) the integrity of the company was to be preserved, b) the ability to conduct the business within the established business model was to be reestablished, and c) the investment of the legitimate stockholders and their stock positions had to be protected. I would believe that this is a very important set of points that have been uppermost in everything that has been conducted by the new management staff and consultants to the company.
In you question about the “selectivity” of stock that will be recognized, you might want to consider that 8 months, countless man hours and several hundred thousand dollars have been expended in the investigation that began in January. We do know who is who as to the bona fide stockholders of the company including those who were unfortunately placed in a position of having purchased shares through their personal brokerage accounts where the order was filled from an account at Charles Schwab where 2.4 million shares of the counterfeit stock had been housed specifically to move it into the market as part of the intended stock fraud scheme.
As a matter of making sure that the record is straight, we know that there are shares still out there that were secured through illegal means. The decision was made that those bona fide stockholders, including those who had the misfortune of purchasing counterfeit shares through the Schwab account mentioned above will be made whole in their positions. The fact is that over 800,000 shares of counterfeit stock was moved into the market illegally at the expense of legitimate investors who purchased the stock with their hard earned money – this begs he question why should the fraudsters be able to line their pockets while those who purchased the stock have their investment either severely diluted or completely erased? The option available to the Control Stockholder of the company and the new management was to affect a strategy which was discussed with the SEC, the corporate attorney and several enforcement agencies and put into effect for the benefit of those who would have otherwise suffered some severe economic consequences..
The company has in fact had discussions with individuals who purchased stock which is traceable back to this block that was parked in a known and identified Charles Schwab account and when the purchase was effected the transaction was during a time frame when identified pump and dump tactics were being conducted by the former officers and directors of MXPR/AETE. All of this was done under an well known and identifiable set of methods and procedures using established conduits for the manipulation of the stock through the use of email spam mechanisms established outside of the knowledge or consent of the new management and staff of ATNE.
And to answer the question from your private posting you can rest assured that if it was not clear from the press release – Yes there has been and continues to be a close contact with not only the SEC but several other regulatory and enforcement agencies whereby the spirit and letter of SEC Section 17, Fraudulent Interstate Transactions have been adhered to in the gathering, compiling and delivery of several thousand pages of documents and informational analysis related to how the structure of the targeting of MXPR/AETE was initiated by those former officers and directors and their associates operating for their own accounts without regard for the interests of the investors who they would defraud through their activities. It was found in the investigation that all of this group and the much larger community of their associates had been involved on an ongoing basis in this kind of activity directly associated with the predecessor company to ATNE, MXPR/AETE since from as far back as late 2005. It was also found that a number of parallel stock scam operations had been conducted and that there are several being conducted on an ongoing basis. And, Just so you understand that we do indeed know what would be required under 17(b) since you suggested we might not know or understand the implications of this Section 17 is copied below.
You will find that the Pink Sheets “Disclosure Statement” has been completely rewritten and updated and that the “Caveat Emptor” designation has been removed because of that action on the part of the new management of ATNE and its consultants. Also, a revised and accurate 15c211 filing will be completed within the next 48 hours and it will also be posted to the Pink Sheets as well.
Since as you say, you have never and still do not hold any ATNE stock then I would suppose that your interests in this are primarily academic and I would hope that this short dissertation satisfies you inclination toward having your inquisitive nature satisfied for the moment.
Section 17 -- Fraudulent Interstate Transactions
a. Use of interstate commerce for purpose of fraud or deceit
It shall be unlawful for any person in the offer or sale of any securities or any security-based swap agreement (as defined in section 206B of the Gramm-Leach-Bliley Act [15 USCS § 78c note]) by the use of any means or instruments of transportation or communication in interstate commerce or by use of the mails, directly or indirectly--
1. to employ any device, scheme, or artifice to defraud, or
2. to obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or
3. to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.
b. Use of interstate commerce for purpose of offering for sale
It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
c. Exemptions of section 3 not applicable to this section
The exemptions provided in section 3 shall not apply to the provisions of this section.
d. Limitation
The authority of the Commission under this section with respect to security-based swap agreements (as defined in section 206B of the Gramm-Leach-Bliley Act [15 USCS § 78c note]) shall be subject to the restrictions and limitations of section 2A(b).
Confusing for sure it certainly proves my point. The SEC filings tell a lot more than these guys would like to have known. The trail is there to be followed. Thanks.
Meridian Attorneys Letter Cancelling Agreements with GFET tells the real story;
January 14, 2008
Gulf Ethanol Corporation
1240 Blalock Road
Suite 200, fax: (713) 461-9230
Houston, Texas 77055
Attention: Mr. J. T. Cloud, Chairman and CEO
(By fax and U. S. Mail)
Re: Joint Venture with Meridian Bio-Refining, Inc.
Dear Sir:
This letter will serve to notify you that Gulf Ethanol Corporation is in material default in regard to the above referenced joint venture agreement (dated December 4, 2007) for failure to fund a cash payment of $50,000.00 to Meridian Bio- Refining, Inc. by the end of business on January 10, 2008 as per Article I, paragraph 1.1 on page 1, and also for failure to promptly advance stock shares of Gulf Ethanol Corporation (as bargained consideration) to Meridain as per Article 2, paragraph 2.2, on page 2 of said joint venture agreement. Consequently, you are herein notified that the joint venture is forthwith dissolved the joint venture agreement having been materially breached) and that no further business relationship or legal obligations of any kind now exist between the parties to said (dissolved) joint venture agreement.
Furthermore, in view of the above described circumstances, the tender of an “Intellectual Property and Patent Sublicense Agreement” which was previously submitted in writing to Gulf Ethanol Corporation by Meridian Bio-Refining, Inc., but which sub-license agreement was never signed by Gulf Ethanol Corporation, is hereby formally withdrawn and any offer from Meridian Bio-Refining to license the technologies or intellectual property (owned or licensed by Meridian Bio-Refining) to Gulf Ethanol Corporation is revoked, rescinded, and withdrawn.
Respectfully,
JOHN MICHAEL JOHNSTON
CC : Jonathan C. Gilchrist, Goldbridge Capital, LLC
More interesting than the date of the release is that all of the principals in all of the companies Mediatechnics, FKA Silverado Financial, FKA Siverado Mortgage are the same people that were principals in Suncomm.
Sounds a whole lot like signing an LOI agreement with yourself to me. Of course that seems to be a popular way of doing business among these guys.
How many ways can you construct a scam to keep it going?
The commissions noted here speak for themselves.....
Sunncomm gave Mario Iacoviello(6349 E. Redbird Road, Scottsdale, Arizona 85262) commissions on debentures as follows:
Note: This whole transaction involves Mario Iacoviello/Sunncomm and then SunnComm was supposed to merge with Media max
Here is a list of individuals, amounts contributed, and commissions Mario received.
Year 2006—
Date Name Sale Mario's commission
2/21 David Barish- $15,000 $1,500
2/23 Robert Runnels $10,000 $1,000
2/23 Evan Kretz $ 5,000 $ 500
2/23 Troy Mangone $ 5,000 $ 500
2/24 Jim Russell $10,000 $1,000
2/24 Thomas Morgenstern $10,000 $1,000
2/24 Howard Lester $ 5,000 $ 500
2/24 Nunzio Cimino $ 5,000 $ 500
2/24 John Morgenstern $ 3,000 $ 300
2/26 Jerry Shyken $ 5,000 $ 500
2/27 Elliot Gerstenhaber $10,000 $ 500
2/27 Richard Klein $ 5,000 $ 500
2/27 Joel Leizer $ 5,000 $ 500
3/3 Richard Dobbs $10,000 $1,000
3/3 Troy Mangone $ 5,000 $ 500
3/10 Richard Klein $15,000 $1,500
3/15 Douglas Woolley $ 5,000 $ 500
3/29 Michael Portantino $ 5,000 $ 500
4/5 Chris Piening $ 5,000 $ 500
5/15 Evan Kretz $ 5,000 $ 500
8/2 David Barish $25,000 $2,500
8/16 David Barish $25,000 $2,500
10/20 David Barish $10,000 $1,000
10/30 Richard Klein $ 3,000 $ 300
Total Received $206,000 - Com for Mario $20,100.
Money paid to Mario and dates from Sunncomm-
3/7 $ 1,800
3/16 $ 1,000
3/23 $ 1,000
3/31 $ 1,000
5/16 $ 3,000
8/3 $ 2,500
8/11 $ 2,500
9/26 $ 2,000
10/27 $ 1,000
10/31 $ 1,000
Total Paid to Mario Iacoviello $16,800
Balanced owed $ 3,300.
Here is a list of debentures and commissions paid to Mario Iacoviello from Mediamax.
Year 2006-
8/24 Evan Kretz $20,000 $ 2,000
9/27 David Barish $10,000 $ 1,000
10/25 Steve Campo $25,000 $ 2,500
11/3 Jim Russel $25,000 $ 2,500
1/16 David Barish $10,000 $ 1,000
12/26 David Barish $10,000 $ 500
Total money $100,000 Com for Mario $ 9,500
Date paid to Mario
11/08/06 $ 1,000
Balance owed $11,800
Here is the debenture Mario Iacoviello tried to get me to invest in sunncomm INTERNATIONAL, inc.
SUMMARY OF PRINCIPAL TERMS AND CONDITIONS
FOR INVESTMENT IN THE
REDEEMABLE participating series a debentures of
sunncomm international, inc.
JANUARY 4, 2006
Issuer: SunnComm International, Inc. (the “Company”), a Nevada corporation.
Offering Size: $3.5 million in net proceeds to the Company (the “Offering”).
Form of Offering: Rule 506 Private Placement pursuant to Regulation D. Offered to accredited investors only.
Closing: The Company may hold multiple closings with respect to the Offering (the “Closings”), with the first closing to be held as soon as practicable.
Type of Security: Redeemable Participating Series A Debentures (the “Debentures”).
Purpose: The gross proceeds of the Offering will be used (i) for the purposes specified under “Net Proceeds” below, (ii) for investment in the Company’s business, (iii) to pay the expenses of the Offering, and (iv) as working capital.
Anticipated Closing Date: January 10, 2006.
Terms of Debentures: Interest Rate: Interest will accrue on the principal amount outstanding pursuant to the Debentures at a rate per annum equal to 25% of the Company’s gross annual revenues (determined as set forth below) but in no event lower than 7% per annum nor greater than 20% per annum.
Payment Periods; Determination of Interest Rate; PIK Payments: Interest payments shall be made quarterly in arrears. The amount of each quarterly interest payment for each of the first three quarters of each 12-month period during which the Debentures are outstanding shall be determined based on the Company’s gross revenues for the previous calendar quarter (with the determination being made within 45 days following each calendar quarter based on the Company’s financial reports), subject to the minimum and maximum amounts set forth above, and based on the actual number of days elapsed. The amount of the fourth quarterly interest payment for each such 12-month period shall be determined within 90 days following the quarter and shall be adjusted as necessary such that the aggregate amount of the interest payments for such 12-month period will total the appropriate percentage of the gross revenues of the Company for such 12-month period. At the Company’s sole option, interest payments due at any time during the first 18 months after the issue date may be paid in whole or in part by the issuance of additional Debentures of like tenor in lieu of cash payments.
Payment Provisions: If the Company pays to the holder any portion or all of the outstanding principal amount of the Debentures within two (2) years after the issue date of any Debenture, the Company must pay a premium to the holder, in addition to the principal amount then being paid, in an amount equal to 50% of the principal amount being prepaid. If the Company pays to the holder any portion or all of the outstanding principal amount of the Debentures at any time after the second anniversary of the issue date of any Debenture, the Company must pay a premium to the holder, in addition to the principal amount then being paid, in an amount equal to 100% of the principal amount being prepaid. Except in the case of an event of default in the making of any payment under, or compliance with covenant contained in, any Debenture or related agreement by the Company, the Debenture shall remain outstanding in perpetuity or until repaid at the option of the Company. All amounts due including interest and principal must be paid in full in the event of a default by the Company in any of its obligations under the Debentures or any related agreement.
Effect of Certain Transactions: The Company may not undertake any consolidation, merger, sale of all or substantially all of the assets of the Company or other extraordinary transaction unless (i) the terms of such transaction provide that the Debentures shall be assumed, or equivalent Debentures shall be substituted, by the acquiring or succeeding corporation (or an affiliate thereof) (and the Company is not then in default under the provisions of the Debentures); or (ii) the Company redeems the Debentures in full at the time of the transaction, including the payment of any repayment premium; provided, however, that, notwithstanding the foregoing provisions, the Debentures shall, in the event of the consummation of a merger transaction between the Company and MediaMax Technology Corporation (“MediaMax”) or any subsidiary thereof, be converted upon the effective date of such merger into MediaMax Participating Preferred Stock of like kind and tenor.
Security: Payment of the principal amount due pursuant to the Debentures and all interest and other payments due with respect thereto, and the performance of all obligations thereunder, shall be secured by a first priority security interest on all of the Company’s assets, including but not limited to intellectual property and accounts receivable.
Voting Rights: The holders of the Debentures shall have no voting rights; however, the approval of the holders of a majority of the outstanding principal amount of the Debentures shall be required for waivers of certain usual and customary negative covenants, including limitations on changes to the Company’s line of business.
Terms of Participating Preferred Stock of MediaMax: In the event of the merger of SunnComm with MediaMax or a subsidiary thereof and the resultant conversion of the Debentures into Participating Preferred Stock of MediaMax (the “Preferred Stock”) as set forth above, the terms of the Preferred Stock shall be substantially similar to the terms of the Debentures, with the addition of certain registration rights as set forth below and characterization of the investment security as Preferred Stock rather than debt. Such terms shall include, but are not limited to, the following:
Dividend Provisions: The holders of the Preferred Stock shall be entitled to mandatory cumulative dividends on the same terms as the interest provisions with respect to the Debentures.
Voting Rights: The Preferred Stock shall have the right to vote on any proposal to amend the charter of MediaMax which would have adversely affect the Preferred Stock and otherwise as required by law.
Liquidation Preference: In the event of any liquidation, dissolution or winding up of MediaMax, the holders of the Preferred Stock will be entitled to receive a payment equal to the original per share issue price (the “Original Issue Price”) of such shares of Preferred Stock, plus any declared but unpaid dividends on such shares, plus any applicable payment premium (which shall be on the same terms as the Debentures) prior to any distributions being made to any holders of capital stock junior to the Preferred Stock. A merger, consolidation (other than one in which the holders of capital stock of MediaMax prior to such merger or consolidation continue to hold more than 50% by voting power of the capital stock of the surviving entity) or sale of all or substantially all of the assets of MediaMax shall be deemed to be a liquidation, dissolution or winding up of MediaMax.
Registration Rights:
(a) Demand Rights. Beginning two years from the original issue date of the Debentures, one demand registration for an underwritten public offering upon initiation by holders of securities who constitute a majority of the then-outstanding shares of Preferred Stock (and shares of Common Stock issued upon the conversion of the Preferred Stock) (all such securities, “Registrable Securities”), provided that not less than one-half of the Registrable Securities are to be registered thereunder. MediaMax will use its best efforts to effect such registration and any such demand may encompass a shelf registration. Holders of Registrable Securities will not be subject to cutback unless all other selling stockholders are first entirely excluded from registration. Expenses shall be paid by MediaMax, including expenses of one counsel for the selling stockholders.
(b) Piggyback Rights. Holders of Preferred Stock will have unlimited piggyback registration rights subject to pro rata cutback at the underwriter’s discretion. Expenses shall be paid by MediaMax, including expenses of one counsel for the selling stockholders.
(c) S-3 Rights. Unlimited S-3 Registrations of at least $1,000,000 each upon initiation by holders of at least a majority of the outstanding Registrable Securities. No more than one S-3 Registration in any 12-month period. Expenses shall be paid by MediaMax, including expenses of one counsel for the selling stockholders.
Purchase Agreement: Investments in the Offering shall be made pursuant to a Purchase Agreement, which shall contain, among other things, (i) representations and warranties as of the date of execution of the Purchase Agreement customary in transactions of this type, including representations regarding the Company’s capitalization, indebtedness and ownership of intellectual property, and (ii) usual and customary affirmative covenants (e.g., maintenance of ownership of intellectual property, financial reporting obligations and similar agreements).
Additional Closing Conditions: (a) The representations and warranties set forth in the Purchase Agreement shall be correct and complete in all material respects as of the Closing Date.
(b) No material adverse change shall have occurred.
Financial Information: Each holder of at least $500,000 worth of Debentures shall receive standard information rights including audited financial reports within 120 days after the end of the fiscal year and quarterly unaudited financial reports within 45 days after the end of each of the first three quarters, as well as standard inspection rights (including access to management, auditors and legal counsel) and other standard information reporting rights. Audited financial reports shall be prepared by an accounting firm of national or regional standing. Holders receiving information rights shall be subject to insider trading laws and regulations and may be required to acknowledge same to the Company.
Specified Uses of Net Proceeds: The existing $500,000 debenture payable to Double U Master Fund, of which the principal amount of $400,000 remains outstanding plus accrued interest will be paid in full, the payment of outstanding Federal and state payroll taxes approximating $750,000 and payments to BTEK Software, Inc. and other creditors approximating $450,000.
Governing Law: Nevada law will govern this Summary of Principal Terms and Conditions, the Purchase Agreement and all of the other definitive documents.
Here is a post by Mario Iacoviello on IHUB under the Sunncomm board(Scmi) now AMNG posting under the moniker Mariomax telling everyone that he has not been paid for 1 and 1/2 years from Sunncomm. I believe the above shows differently.
Posted by: mariomax
In reply to: docgfd who wrote msg# 47524
Date:7/21/2007 6:02:16 PM
Post # of 47530
Doc, I didn't know we would lose our contract with BMG and than get sued by sony and I am not on the board or in management, I just passed their message forward, as IR does. I was not paid in 1 1/2 years, my house is for sale but I have been living off of the 2nd mortgage, I have no equity and cant sell it, if you like it that much and since your a dentist maybe you can buy it.
Here is the information on the Double U Master Fund mentioned in the debenture------Isaac Winehouse
Portfolio Manager
DOUBLE U FUND LTD
Double U Fund LTD: Direct PIPE Investments
Direct PIPE Investments (Private Investments in Public Equities)-The fund invests capital directly with the issuer at a discount to the current market price. This can be in either Common stock form at or Convertible Debentures. The Due Diligence process entails detailed descriptions and analysis of all pertinent financial, legal and accounting information both past and present, enabling the portfolio manager to complete credit and liquidity analysis to determine the terms of the deal structure. The Fund also engages in the purchase of Blocks of free trading or restricted stocks and will also issue Bridge Loans to certain issuers. The fund will also use at times up to 10% of capital to opportunistically trade stocks in order to generate additional short-term alpha.
Double U Fund
Isaac Winehouse,
Portfolio Manager
17 State Street 22nd Floor
New York, NY 10004
(212) 991-9100
Email: iwinehouse@aol.com
Interesting question isn't it. Only the shadow knows.....
I will answer your questions in order as follows:
It seems like you have a pretty significant role in "damage control" for the company.
Answer
I was put in place to do just what I'm doing. Pay very close attention to how this scam was constructed and choreographed. To document it all down to the finest detail. And then make sure that every piece and scrap of information iw documented in an analysis and summary form to be turned over to the appropriate regulatory and enforcement agencies.
Based on the material you are posting, I would guess you are pretty heavily involved with the insiders operating the company.
Answer
Having access to all of the individuals who are positioned as "real management" in AETE goes with the territory. The material I am posting is being put in the public venue because, and especially with this bunch of theives, they have been operating for a long time without the kind of exposure and public challenge that they are now facing. This something very different for them to have to contend with. Typically, and this has been the case with at least three different companies set up to be scamed like AETE, the general route has been to hire on some law firm and spend large amounts of money trying to take them to court. You can't outspend these criooks, they already have all of the money (especially in the case of the hijacked 6 million shares) and can outspend almost anyone on the basis of "my lawyer can beat-up your lawyer. So the solution is to change the rules on them. That's the companies position and that is my job.
b]We have not heard from the SEC yet, have we?
Answer
The company is in close contact with the SEC on not only providing the materials required on the Subpoena, but in making sure that all of the documented materials that lay out the level of fraud that was intended to have been conducted on an ongoing basis is well understood by the proper authorities. Then it is to be compiled in a manner which can be made available online through the company web site. So long as what has been done to AETE (and several other companies) by the crooks is made as public as possible then the SEC and the Justice Department don't have any choice but to proscecute the illegal activities.
b]Any expected timeline for that?
Answer
What AETE will do is one theing and what the SEC's timeframe may be is another story alltogether. What the company has to do is (a) completely halt the movement of the illegal 504 Reg D stock in the market, and (b) recoverthat illegally issued 504 REg D stock back into the company as treasury stock, then (c) the company's business plan and commeercial operations model has to be put in place and functioning. AETE has to become a functioning commeercail entity and can not wait on what the SEC may or may not do or when they might move on any of this. There is absolutely no money to be made playing cops and robbers.
b]What do you expect them to say?
Answer
What has already been documented and deliverd to the SEC, the FBI, and enforcement agencies in at least three separate jurisdictions. It is expected that at some point there will be some kind of criminal action taken against the perps of the illegal activities associated with setting up AETE as a scam. Will they do anything in the short term? That is the million dollar question, literally.
Everyone do their homework and you will find that Telemedicus is nothing more than a daisy chain of interconnected companies with Cloud, Gilchrist, Carmichael and others at their core.
The recent materialization of Lipid Labs (as having acquired Telemedicus) is also another creation of the Cloud operations. This is all just more smoke and mirrors. If you really take a serious look you will find that Eddy Austin whose name recently showed up as having taken over a number of these companies is nothing more than a front for Cloud. In fact Austin, was rumored to be a cousin of J. T. Cloud. He was moved from Baton Rouge, LA last December/January and started taking over some of the operations by being put into several different Cloud companies as CEO to provide a fresh face. I would think that you will see a number of "defections" in the near to mid term as well.
Of course if you check the SEC filings what you will find is that their great association with Texas A & M is based on a license agreement that was done the same way the agreement was done with AETE. They did an agreement with A & M, paid a little upfront as a fee and haven’t paid out a penny since that time, which is stated in their SEC filings. Invariably, what you will find if you look close enough is that throughout the morphing of Intrepid through LipidLaps and Telemedicus is that 09% of the companies that are shown to have been “acquired” were just shell operations that actually had nothing but a name and a little bit of literature written up on them. In some instances they had been formed and a little investment was laid out to give them just enough substance to pass cursory inspection. They were then used in terms of “having been acquired” as stated in more bogus press releases, serious stock was bartered away (typically to another Cloud insider and as with Gulf Ethanol and AETE a fraudulent 504 Reg D was used) and them the game goes on.
Up until now this has all just been a money making perpetual motion machine that has netted these crooks hundreds of millions of dollars. Now it would seem that their little ball of twine is beginning to become unwound.
The AETE web page was not an authoized site, if you read the material that has been posted, Gilchrist was told to give it up and remove the site from the web. The web hosting company was also contacted and it was explained to them that the site had been being used in the perpetration of a fraud.
These guys (the crooks) aren't used to having the presure put on them that they are currently experiencing all across the face of their operations.
The company is working on an official web site that will present AETE in a manner consistant with the company's commercial intent in the alternative fuels industry as well as what can be presented in full disclosure of what has been being documented.
It will take several days to get some of this done but it will be up soon.
In answer to your question there is a viable and legitimate technology at the base of the whole issue that is the foundation for a "Real Company." And, on the specifics of the information in your post none of these individuals have any free trading stock in AETE. All stock held by the original members of Meridian Biorefining received 144 restricted stock, non of which has had any filig associated with it requesting that the restrictions be lifted.
The question of a "real company" existing under the "wreckage" is directly related to the ability for management to bring the current problems under control, establish a viable business plan and move the company forward.
Stock Manipulation asside the current problems for the management has absolutely no productivity associated with it for any of them.
Answer to a hard question and very simple at that. Initially, Meridian contemplated entering into an LOI agreement with Gulf Ethanol that envisioned what had been presented as an opportunity to execute a reverse merger between the two companies.
That LOI agreement was just before expiring, and as it is now known, J. T. Cloud and Jonathan Gilchrist could and would not allow this to happen and Meridian was approached by Gilchrist with the idea of instead of a reverse merger a proposed joint venture agreement that on the face of it contained more desirable terms and conditions allowing Meridian to maintain the control over it's technology and the proposed operations of any process systems that would be constructed.
Unfortunately, what was soon to be learned was that J. T. Cloud, Gulf Ethanol, Jonathan Gilchrist and others around them had their own agenda that actually involved the effective hijacking of Meridian technology by the inference that Gulf had actually acquired the Meridian Technology as Gulf frequently claimed in their press releases which were written by Jonathan Gilchrist.
After the execution of the Joint Venture Agreement with Gulf Ethanol an agreement was entered into between Meriden and Goldbridge Capital for the acquisition of a publicly traded shell. This was the overlap of the plan of Gilchrist and Cloud in their agenda to manipulate and control the use of Meridian and eventually AETE in a well choreographed stock fraud. At this time it must be pointed out that the principals of Meridian already had in hand two LOI Term Sheets from a major investment group which while the terms provided substantial investment of funds they diluted the ownership of Meridian and the ownership of the company and it's technology to minority status for the principals of Meridian.
The ultimate decision by Meridian made the route of pursuing the reverse merger with a shell provided by Jonathan Gilchrist/Goldbridge Capital which would, under generally accepted circumstances, allow the company access to a wider range of funding and provide for the completion of processing equipment and establish production under the business model that had been worked out over a period of a year by Meridian Biorefining. Under these circumstances the stock price would have increased over time in relationship to the build out of process equipment and production growth as would reasonably be expected with any legitimate commercial enterprise.
Because of the non-performance on the Joint Venture Agreement and the fact that J. T. Cloud and Gulf Ethanol had not executed the associated License Agreement all agreements with Gulf Ethanol were terminated on January 14, 2008. All things being equal and without the knowledge of meridian management the reverse merger became the fall back position of Gilchrist and Cloud in maintaining their ability to conduct their ongoing criminal activity using Meridian in the form of AETE.
The stock exchange agreement between Meridian Biorefining and MSPR/AETE was executed on December 18, 2007. What was not expected nor foreseen was that the whole group around Jonathan Gilchrist and William Carmichael having absolutely perfected their scam scenario were already preparing AETE as their next "target company" having created 6 million shares of counterfeit stock in AETE through the execution of a 504 Reg D transaction on December 27,2007 which was accomplished midstream during the time between the signing of the stock exchange agreement and the alleged formal closing that was to transpire December 31, 2007 without the knowledge of Meridian Biorefining management.
The execution of the 504 Regulation D transaction was accomplished by Carmichael being the only consistent and continuing corporate AETE signature authority at the time and Jonathan Gilchrist switching roles in the two entities MXPR and AETE as it suited their needs in creating an environment where 6 million shares of stock were in essence counterfeited and stolen without the knowledge of the management of Meridian most of which became the new management of AETE. Stock register spreadsheets prepared by Carmichael and Gilchrist prepared on several occasions from the time of the execution of the stock exchange agreement only provided stock share numbers consistent with the stock exchange agreement. A demand was made for certification of stock register information to William Carmichael on or about February 24/25, 2008 which yielded the disclosure of the 504 Reg D transaction from Carmichael on February 26, 2008. This information provided from filings of MXPR resolutions and subsequent AETE resolutions signed by William Carmichael was the first time the documents had been made available to the new management of AETE.
During that same period of time it was determined that a complete due diligence investigation had to be undertaken by the new management of AETE to ascertain just what had been transpiring. This decision was made based on the claims established in the 504 Reg D transaction executed by Gilchrist and Carmichael on or about December 27, 2007 of the $15,000.00 payment by Gilchrist to Peter Lloyd for investor relations services which were not disclosed until a meeting on January 23, 2008. Basically the Gilchrist, Carmichael, Cloud, Uselton network has such a well established methodology for conducting these types of ongoing criminal activities that the can and do virtually hide a set of conduits that function in a parallel manner right alongside of the legitimate management of any company that they become involved with. This method and means of operations can be shown to have been used going all the way back to the companies in which Jack Uselton was sanctioned for this same type of scam in the late 90’s.
Right now there is a list of over 1005 companies that has been compiled, some of which were the basis of the Uselton indictments in July 2007 that upon close examination show this same type of method and means in the conduct of an ongoing criminal activity which includes Jonathan Gilchrist, William Carmichael, J. T. Cloud, Darrel Uselton, jack Uselton and a list of other participants that extends out to approximately 30 other individuals. That list and the associated link analysis that demonstrates the inter-relationship between these companies and their perpetrators is extraordinary in its scope, the level of their organization, and their ability to maintain and conduct these scams over a significant period of time.
The easy answer to your question of “why on earth didn't "senior management" have any idea what was going on?” is quite simple in one way and very complex in another. It’s one thing to feel that things “just aren’t quite right” at some point and then do what needs to be done and go to work in the manner that has been done and do a pretty complete internal investigation beginning with the first contact with the SEC and other enforcement agencies on or about the last week of January and the first week of February 2008 after developing enough information to be able to demonstrate the existence of a regulatory and/or ongoing criminal problem.
In effect these types of operations continue on a daily basis. If the web is surveyed for the number of press releases, or better yet, if and when someone spends the cash to subscribe to a service such as that found at www.stockpromoters.com you will find that there are over 750 companies that are currently being “promoted” by different groups that specialize in the promotion of microcap stock companies, most of which I would assume are legitimate business or have been established just as AETE was for the purpose of conducting a legitimate business that would grow or fail under its own power through the generally accepted phases of meeting commercial and market demands for a service or product. Then go to that same web site www.stockpromoters.com and look at the groups that are known for their activities as promoters in the pump and dump community and see how many companies they are promoting. What you will find is that in one fashion or another there are at 10- 20% of the companies that are currently being promoted (which does not include all of the known microcap companies in the market) that are probably being subjected to the same thing as AETE and other companies the names of which have been posted on this forum.
The world is full of traps, even some of the companies that start out without the problems that were uncovered by the management of AETE in short order become the target of other stock manipulation scams. The management of AETE acted on the available information, took the appropriate action in alerting the SEC and other enforcement agencies in multiple jurisdictions, and have also been forthcoming in its public approach to resolving the problems.
A better question is why is microcap stock fraud and stock manipulation a billion dollar a year business that involves everyone from the general public as investors, to traditional organized crime families and terrorist organizations. Another question is why is it that in the final nalysis it can be demonstrated that these groups that conduct these types of criminal activity are as well organized as the narcotics trade, the illegal weapons trade and the terrorist groups. And, I think a very interesting question that deserves a serious answer from the SEC as well as any number of enforcement agencies is why this type of activity cannot be contained any better than it is?
No not involved with a hedge fund at all. As a matter of act I'm the senior investigatorn that has been working on this screwball deal for the last four months.
The viability of any company should be measured on it's ability to produce product or service that is viable in the market place on a commercial basis. Convey it's story to the market through the reasonable meas that are available in it's required reporting under SEC regulations and the material that it can legitimately present about the company, its products and services, and it's management through a well maintained website. There is also the legitimate ability to place press releases that contain real information that is viable through the national business wire services.
AETE, had it been treated in the manner that it should have an was being demanded by the "real management of the company" would have been able to demonstrate to the market place the viability of it's technology to the marketplace in a reasonable amount of time and that technology would have been validated in operation by serious industry participants and academics. Instead the pump and dump crew had been moved in to run a parallel operation without the knowledge or consent of the senior management of the company.
I believe the documentation demonstrates that in fact the pump and dump crew placed their concentrated effort in the expenditure of cash and illegally obtained free trading stock shares and the efforts associated with that for the purpose of creating a story without substance through which they could and did run the stock up to a value of $3.75 in a very short period of time only to attempt to cash out as quickly as possible which was cut short by the reporting of the illegal 504 Reg D transaction. That of course didn't keep some illegally counterfeit stock from finding it's way into the market I'm sure.
It has been said that members of the senior management of AETE made the demand of the SEC that the trading suspension of AETE stock be extended for the purpose of protecting the company, it's stock holders and the investing public while the internal investigation was being completed as well as that of any regulatory and enforcement agencies looking into the activities of the perpetrators. That obviously was not capable of being accomplished for reasons unknown at this point. An unusual request to be sure but one that was made none the less.
The stock promoters, with Tim Dougherty and Expedite Ventures at the head of the pack continued to dump their free trading shares at the expense of the typical investor. This is criminal itself especially since Jonathan Gilchrist made the deal with Dougherty and then the reporting of the stocks were attributed to AETE which is a fraudulent act in itself by lying on a report to a federal regulator. It can only be hoped that Dougherty and Gilchrist get their n*ts crushed for this little scam. It didn't last as long or go as far as they wanted it to but it went much farther than it should have.
If you take a look another one of the same groups that Dougherty operates is touting Gulf Ethanol at this point as well. Coincidence? I don't believe so. Just more of Dougherty, Gilchrist, Carmichael, Cloud, Uselton and the rest of the crowd working the market hard to cash out as quickly as possible.
The recovery of AETE into a viable company is going to take a lot of hard work.
First the company has conducted it's own internal investigation of activities involving unauthorized and illegal conduct on the part of individuals who attempted to use AETE for their own peronal gain from the inception as a text book pump and dump scheme.
Second all of the information that has been gathered has been and will continue to be turned over to the proper authorities for the appropriate legal action under SEC Regulation, Federal Code and/or the state law in various jurisdictions.
3. AETE will have a lot of work to do in rebuilding it's reputation by establishing itself as a viable entity in the market place with everything in place and the decks completely scrubbed to move the company forward. This is typically difficult enough for a start up but will also have an added measure of difficulty depending on the view of the companies stockholders and the market as a whole.
All of this is going to have to be accomplished over time as it was conceived in the context of the origional business model for AETE. And, there is no way to assure anyone that it can be done in a week, a month or a year. Companies are built on hard work, integrity and the ability to produce a product or service in a commercially viable manner. This has to be accomplished over time delivering on real performance based issues.
Unfortunately there were some people who targeed the company for it's use as a stock manipulation play as they have done with other companies in the past. I think it would be fair to say that the repercusions of all of this remain to be seen in how the investing public views viable company activity in a measurable business model that delivers results which are peported over time as is required in SEC regulations.
There is no easy answer and as always there are details that may never see the light of day about everything that has actuially transpired in the cleanup of the company but the management will have to be as forthcomming and transparent as possible.
One big question is what will the market opinion be of a company whose management recognized that the company was being used as a scam and went to extraordinary lengths to not only make the commited effort to stop the illegal activities but to also make sure that the highest degree of cooperation was engaged in with regulatory and enforcement agencies.
It has been my observation that often companies who have been abused in the manner to which AETE was subjected have a very difficult time overcomming the stigma of those associations in the short term. The level of concentrated effort demanded takes its toll in many ways some of which are incapable of being measured immediately and there is always the potential for ongoing "targeting of the company" by unscrupulous groups such as those that heve been identified who were contracted by Jonathan Gilchrist for unauthorized stock promotion although this may not be the case for AETE in the future because of the specific "promoters" being reported to regulatory authorities.
There are and will be a lot of "ifs" that will have to be dealt with in the future. Any investor would have to look seriously at the appropriate facts and due diligence information on the company as it is provided through the porper channels before making any decision on the viability of investing in AETE of any othe company. One thiong that I would say also is that at the mkoment anything that has been stated through any stock promotional group needs to be considered with a jaundiced eye until more specific information is available from the company itself.
Investigative Notes
The Alternative Energy Technology Center, Inc.
Unauthorized Activities of Jonathan Gilcrhist, et at and Goldbridge Capitol, LLC.
April 24, 2008 – May 21, 2008
After consulting with our SEC Attorney The Alternative Technology Center, Inc (AETE) came to the conclusion that Jonathan C. Gilchrist, Goldbridge Capitol, LLC and numerous companies engaged in the promotion of AETE stock have breached SEC Regulations having issued Investor relations materials under an inadequate disclosure violation. During the commission of these activities Jonathan C. Gilchrist, Goldbridge et al also perpetrated stock manipulation fraud against the company AETE, it’s shareholders and the investing public by causing to be released fraudulent and misleading information in various press releases as well as fraudulently contracting with various investor relations web sites creating information used to cause reports filed under SEC Regulation, Rule 17 that investor relations events were authorized by and funded by The Alternative Technology Center, Inc.
Rule 17-b of the securities act of 1933 states the following:
It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
The senior management of The Alternative Energy Technology Center, Inc. (AETE) has not had any contact with any of the companies, groups, individuals or entities listed below who have engaged in the issuance of investor relations materials activities for any purpose other than to determine the circumstances by which such stock promotion activities were undertaken and by whom each company, group, individual or entity was contacted, under what claimed authority the activities were contracted, and what form of compensation was provided. Also, the senior management of The Alternative Technology Center, Inc. has never authorized any activity of the nature engaged in through unauthorized parties who conducted these activities.
The fraudulent and misleading information released by Jonathan Gilchrist, Goldbridge Capitol, et al through these companies, groups, individuals or entities resulted in an artificially inflated value and share volume of the company. It has also been determined that through various companies, groups, individuals or entities the illegal use of email spam was engaged in as is noted by the following :
AETE Yahoo Financials Message Board Posting –
Beware of the hype 25-Mar-08 04:03 pm
Funny how you can be a shell company one day and a "major" player the next. This thing is being pumped by several different snake oil salesmen. Expedite Ventures, Aheadofthebulls, wallstreetgrapevine, otc-advisors...we got all their emails. and what's hilarious is that they are all working out of the same boiler room....lol. Be very careful with this one
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As of January 23, 2008 it was determined that Jonathan Gilchrist, Goldbridge Capitol et al had engaged an individual identified as Peter Lloyd, address unknown in Florida using $15,000.00 in personal funds provided by Jonathan Gilchrist. The purpose of Gilchrist engaging Peter Lloyd was to provide investor relations services for The Alternative Energy Technology Center, Inc. (AETE) by distributing information through an investment news letter associated with a data base of investors owned by Lloyd. Gilchrist was informed on that date that he was not to engage in the expenditure of any funds for the benefit of the company (AETE), to contract for the services of any company, group, individual or entity or to disseminate information related to AETE under any conditions without the express knowledge and written consent of company senior management.
It was later determined during the course of the internal investigation undertaken by senior management of and security consultants to The Alternative Energy Technology Center, Inc. that the payment of $15,000.00 allegedly in personal funds to Peter Lloyd for investor relations services had in fact been an unsolicited expenditure of funds to establish a claim by which Jonathan Gilchrist, Goldbridge Capitol et al could illegally execute an 504 Regulation D transaction for a total of 6 million shares of stock in The Alternative Energy Technology Center, Inc. Some portion of the 6 million shares of stock as well as cash funds have been used by Jonathan Gilchrist, Goldbridge Capitol, et al have been compensated to various companies, groups, individuals or entities in the contracting of the unauthorized and illegal stock promotion activities. Listed below are the names and contact information for the various companies known at this time to have engaged in the unauthorized promotion of The Alternative Energy Technology Center, Inc. stock and having reported falsely that these activities were compensated and authorized by AET or in some instanced did not report any compensation as required by SEC regulations Rule 17-b of the securities act of 1933.
Companies engaging in Unauthorized Promotion of AETE stock –
Peter Lloyd – This is the individual that Gilchrist initially admitted to Brown and I that he had paid $15,000.00 to for promoting the stock when we had the meeting in The Woodlands at Biofuels Power offices on January 23, 2008. At that time Gilchrist got mad and left the meeting when I asked him just what he thought he was doing paying out money for “unapproved advertizing activities” and completely without the knowledge or approval of any of the officers or directors of the company. Gilchrist got righteously indignant, put on his coat and left the meeting. David Mordekhay tried to smooth things over with me by being an apologist for Gilchrist. Gilchrist already had everything that we see documented here in place at that time – I sent him an email of apology the next day so we could keep thing where we could find out what was actually going on. (This individual was identified in February when Brown Marks CEO of AETE questioned Gilchrist on the matter of how he justified the issuance of 6 million shares of free trading stock. He never divulged the fact hat he had put all of this other operation in place)
Sizzle Stocks (www.sizzlestocks.com) – This website was located over the Easter 2008 weekend while checking the web for any association of the AETE stock symbol on any web site. They have been promoting the stock on their “front page” showing a “target stock price” of $6.50 per share. This site was included in an email I sent out over the weekend. According to the www.stockpromoters.com site that listed this company, it was compensated $20,000.00 in cash for their services.
Registrant, Administrative and Technical Contact from Whois.com:
Officer:
Email: info@sizzlestocks.com
No Address Available
Delray Beach , FL 33445
(561) 927-7717 (Cell Phone)
Stock Market News Alert (www.stackmarketnewsalert.com) – This website was also located in the search over the Easter 2008 weekend. According to the www.stockpromoters.com site that listed this company, it was compensated $20,000.00 in cash for their services.
Registrant, Administrative and Technical Contact from Whois.com:
Officer: Marco Dalonzo
Email: info@stockmarketnewsalert.com
4892 Ncitation Dr
Delray Beach , FL 33445
561-829-8515
Companies mentioned in Message Board Posting –
Expedite Ventures (www.expediteventures.com) – Again, we are shown prominently as a “recent client” on this website with the same logo as shown at the previous site. The client “services” text is the same exact material as from the previous site so as the poster on the message board has pointed out these are being run by the same outfit.
Registrant, Administrative and Technical Contact from Whois.com:
Sean Dougherty (sean@dealflo.com) Phone: 585-454-6950
274 North Goodman St.
Suite B265
Rochester, NY 14607
Michael Maley (michael@expediteventures.com) Phone: 585-820-0596
117 Campbell Park
Rochester, NY 14606
Ahead of the Bulls (www.aheadofthebulls.com) – This website is very interesting; it would seem that there has been some serious graphics being designed by Mr. Gilchrist. AETE is prominently shown on the home page of this site as one of the “Ahead of the Bulls picks” with a “LOGO” that none of us ever approved the design or use of. When you click on the “AETE profile” under the logo then you are taken to a very long dissertation on the merits of The Alternative Energy Technology Center and it’s viability as a solution to the alternative fuels market. According to the www.stockpromoters.com site that listed this company, it was compensated 50,000 free trading shares of AETE stock for their services.
The Wall Street Grapevine (www.wallstreetgrapevine.com) – This site is set up as with the previous site with AETE as a prominent display on the home page with the same unapproved graphics as previously used. Also, when you click on the graphics on the home page you are taken straight to a “news” page with the same article as the one posted on the previous site above (actually clicking on the AETE graphics takes you to the article posted on aheadofthebulls.com). The interesting thing is that this article is not one that has been submitted to Brown or I for approval. In the sidebar (right hand side) is another article that when you click on it it goes to that article with another surprise at the bottom of the page – there one will find not only the link to The Alternative Energy Technology Center web site www.AltEnergyTechCenter.com but a “hotlink” that leads to the AETE website as a “Sponsored Link” as Green Stock Alert - AETE where once again we find that AETE is being promoted – it is a rotating “sponsored link”. This site has the AETE stock target price at $4.00 per share. There is no posting on www.stockpromoters.com showing the compensation for these services.
Important note: This site shows a link in the navigation bar at the left for OTC Picks (www.otcpicks.com), while this site does not show AETE as of yet, it is interesting that as one of their “featured companies” is Copper King Mining which is one of the companies that is associated with Derek Ivany who is the signatory on one of the “consulting agreements” signed with Dennis McLaughlin in December 2004 – Refer to the AOOR_McLaughlin Document inventory list. This also ties all of the individuals together in the same nest as well
Pamplona Picks (www.pamplonapicks.com) – This is the newest entity that has been used to do “newsletter” and “spam” operations on The Alternative Energy Technology Center, Inc. The posting on it appeared on the AETE Yahoo Finance Message Board –
There is no posting on www.stockpromoters.com showing the compensation for these services.
Pamplonapicks.com: Running with the Bulls: AETE, CHCG, VDTI 25-Apr-08 04:47 am
Pamplonapicks.com: Running with the Bulls: AETE, CHCG, VDTI
Rochester, NY, Apr 24, 2008 (M2 PRESSWIRE via COMTEX) -- Alternative Energy Tec. Cente. (PinkSheets: AETE), China 3C Group (OTCBB: CHCG), and Vitalcare Diabetes Treatment (PinkSheets: VDTI); are Pamplona picks!
PamplonaPicks.com's aim is to bring you running bulls; fittingly as the city it shares a name with hosts the "running of the bulls". Any questions or concerns feel free to contact us at info@pamplonapicks.com. Visit, PamplonaPicks.com, to sign up for our free daily newsletter, and to read our disclaimer.
Alternative Energy Tec. Cente. (PinkSheets: AETE, http://www.marketwatch.com/quotes/aete/?... )
Hot Stock Market (www.hotstockmarket.com) – This website has a group of postings that in at least one instance contains completely false and misleading information taken from the draft website that was put into play by Jonathan Gilchrist, Goldbridge Capitol et al referencing projects with companies that do not in fact exist. Reference to at least one of these companies had been suggested as a subject for a press release by Gilchrist and was dismissed by senior management of AETE. In a conversation with an individual who answered the phone when an attempted contact was made representatives were told that to find out any information that contact would have to be made with Mr. Dougherty of Expedite Ventures.
Registrant, Administrative and Technical Contact from Whois.com:
Market DD
Email: info@hotstockmarket.com
rt7z36ec3wa@networksolutionsprivateregistration.com
ATTN: HOTSTOCKMARKET.COM
c/o Network Solutions
P.O. Box 447
Herndon, VA 20172-0447
Phone: 570-708-8780
OTC Advisors (www.otc-advisors.com) – This site is a bit more clever, when you enter AETE on their search utility it takes you to a page where AETE is shown by itself with a statement :”AETE Is Forecast To Trend Upwards” and when you click on that apparent hotlink then you are directed to another scam software offering from www.autopilotpicks.com that wants you to buy some guys “hot-pick software for managing penny stock portfolios. They evidently haven’t placed anything as far as advertizing there yet but are only using the email broadcast system of this group as related by the poster from the AETE Yahoo Financials Message Board. This site has the AETE stock target price at $10.00 per share. This site is also linked from the Wall Street Grapevine site.
Registrant, Administrative and Technical Contact from Whois.com:
Domain Associates LLC
Eric Rice (ericrice3@comcast.net)
443-421-0000
Fax: +1.4102247773
2804 Broadview Terrace
Annapolis, MD 21401
OTC Stock Exchange (www.otcstockexchange.com) – This website is constructed similarly to the Sizzle Stock site and has the same text and formatting that was found there – the big difference is that this site has the “target price” on the AETE stock set at $10.00 pe4r share. AETE is once again shown prominently on the Home Page for the site just as with several others. Found this one by accident and the stock alert was just listed today according to their “alert list” page. This site was shown on the navigation bar to the left of the home page for The Wall Street Grapevine. The offices for this operation are less than 1 mile from the offices out of which Larry Kaplan(and all of Kaplan’s children) operated prior to his indictment – there are still two securities groups in that same address. Mario Iacoveillo Also operates out of Scottsdale, AZ. Michael Paloma also used part of the same group as Icoviello – All of the crooks are now in the same nest. .
Registrant, Administrative and Technical Contact from Whois.com:
Private, Registration OTCSTOCKEXCHANGE.COM@domainsbyproxy.com
Domains by Proxy, Inc.
DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States
(480) 624-2599 Fax – (480) 624-2599
Market Watch Guru (www.marketwatchguru.com ) –
According to the www.stockpromoters.com site that listed this company, it was compensated 50,000 share of AETE stock for their services.
Registrant, Administrative and Technical Contact from Whois.com:
Rowe, Kyle
nk6as3xs32d@networksolutionsprivateregistration.com
ATTN: MARKETWATCHGURU.COM
c/o Network Solutions
P.O. Box 447
Herndon, VA 20172-0447
Phone: 570-708-8780
The Alternative Energy Technology Center, Inc. Promotion Sites Posted at StockPromoters.com. –
Search Results for 'AETE'.
1. '3/3/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
2. '3/3/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
3. '3/4/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
4. '3/4/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
5. '3/6/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
6. '3/6/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
7. '3/10/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Market Watch guru
8. '3/17/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Market Watch guru
9. '3/17/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
10. '3/17/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
11. '3/18/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
12. '3/18/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
13. '3/18/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Ahead Of The Bulls
14. '3/19/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Ahead Of The Bulls
15. '3/24/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
16. '3/24/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Market Watch guru
17. '3/28/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
18. '4/2/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by OTC Stock Exchange
Investigative Notes
The Alternative Energy Technology Center, Inc.
Unauthorized Activities of Jonathan Gilcrhist, et at and Goldbridge Capitol, LLC.
April 24, 2008 – May 21, 2008
After consulting with our SEC Attorney The Alternative Technology Center, Inc (AETE) came to the conclusion that Jonathan C. Gilchrist, Goldbridge Capitol, LLC and numerous companies engaged in the promotion of AETE stock have breached SEC Regulations having issued Investor relations materials under an inadequate disclosure violation. During the commission of these activities Jonathan C. Gilchrist, Goldbridge et al also perpetrated stock manipulation fraud against the company AETE, it’s shareholders and the investing public by causing to be released fraudulent and misleading information in various press releases as well as fraudulently contracting with various investor relations web sites creating information used to cause reports filed under SEC Regulation, Rule 17 that investor relations events were authorized by and funded by The Alternative Technology Center, Inc.
Rule 17-b of the securities act of 1933 states the following:
It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
The senior management of The Alternative Energy Technology Center, Inc. (AETE) has not had any contact with any of the companies, groups, individuals or entities listed below who have engaged in the issuance of investor relations materials activities for any purpose other than to determine the circumstances by which such stock promotion activities were undertaken and by whom each company, group, individual or entity was contacted, under what claimed authority the activities were contracted, and what form of compensation was provided. Also, the senior management of The Alternative Technology Center, Inc. has never authorized any activity of the nature engaged in through unauthorized parties who conducted these activities.
The fraudulent and misleading information released by Jonathan Gilchrist, Goldbridge Capitol, et al through these companies, groups, individuals or entities resulted in an artificially inflated value and share volume of the company. It has also been determined that through various companies, groups, individuals or entities the illegal use of email spam was engaged in as is noted by the following :
AETE Yahoo Financials Message Board Posting –
Beware of the hype 25-Mar-08 04:03 pm
Funny how you can be a shell company one day and a "major" player the next. This thing is being pumped by several different snake oil salesmen. Expedite Ventures, Aheadofthebulls, wallstreetgrapevine, otc-advisors...we got all their emails. and what's hilarious is that they are all working out of the same boiler room....lol. Be very careful with this one
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As of January 23, 2008 it was determined that Jonathan Gilchrist, Goldbridge Capitol et al had engaged an individual identified as Peter Lloyd, address unknown in Florida using $15,000.00 in personal funds provided by Jonathan Gilchrist. The purpose of Gilchrist engaging Peter Lloyd was to provide investor relations services for The Alternative Energy Technology Center, Inc. (AETE) by distributing information through an investment news letter associated with a data base of investors owned by Lloyd. Gilchrist was informed on that date that he was not to engage in the expenditure of any funds for the benefit of the company (AETE), to contract for the services of any company, group, individual or entity or to disseminate information related to AETE under any conditions without the express knowledge and written consent of company senior management.
It was later determined during the course of the internal investigation undertaken by senior management of and security consultants to The Alternative Energy Technology Center, Inc. that the payment of $15,000.00 allegedly in personal funds to Peter Lloyd for investor relations services had in fact been an unsolicited expenditure of funds to establish a claim by which Jonathan Gilchrist, Goldbridge Capitol et al could illegally execute an 504 Regulation D transaction for a total of 6 million shares of stock in The Alternative Energy Technology Center, Inc. Some portion of the 6 million shares of stock as well as cash funds have been used by Jonathan Gilchrist, Goldbridge Capitol, et al have been compensated to various companies, groups, individuals or entities in the contracting of the unauthorized and illegal stock promotion activities. Listed below are the names and contact information for the various companies known at this time to have engaged in the unauthorized promotion of The Alternative Energy Technology Center, Inc. stock and having reported falsely that these activities were compensated and authorized by AET or in some instanced did not report any compensation as required by SEC regulations Rule 17-b of the securities act of 1933.
Companies engaging in Unauthorized Promotion of AETE stock –
Peter Lloyd – This is the individual that Gilchrist initially admitted to Brown and I that he had paid $15,000.00 to for promoting the stock when we had the meeting in The Woodlands at Biofuels Power offices on January 23, 2008. At that time Gilchrist got mad and left the meeting when I asked him just what he thought he was doing paying out money for “unapproved advertizing activities” and completely without the knowledge or approval of any of the officers or directors of the company. Gilchrist got righteously indignant, put on his coat and left the meeting. David Mordekhay tried to smooth things over with me by being an apologist for Gilchrist. Gilchrist already had everything that we see documented here in place at that time – I sent him an email of apology the next day so we could keep thing where we could find out what was actually going on. (This individual was identified in February when Brown Marks CEO of AETE questioned Gilchrist on the matter of how he justified the issuance of 6 million shares of free trading stock. He never divulged the fact hat he had put all of this other operation in place)
Sizzle Stocks (www.sizzlestocks.com) – This website was located over the Easter 2008 weekend while checking the web for any association of the AETE stock symbol on any web site. They have been promoting the stock on their “front page” showing a “target stock price” of $6.50 per share. This site was included in an email I sent out over the weekend. According to the www.stockpromoters.com site that listed this company, it was compensated $20,000.00 in cash for their services.
Registrant, Administrative and Technical Contact from Whois.com:
Officer:
Email: info@sizzlestocks.com
No Address Available
Delray Beach , FL 33445
(561) 927-7717 (Cell Phone)
Stock Market News Alert (www.stackmarketnewsalert.com) – This website was also located in the search over the Easter 2008 weekend. According to the www.stockpromoters.com site that listed this company, it was compensated $20,000.00 in cash for their services.
Registrant, Administrative and Technical Contact from Whois.com:
Officer: Marco Dalonzo
Email: info@stockmarketnewsalert.com
4892 Ncitation Dr
Delray Beach , FL 33445
561-829-8515
Companies mentioned in Message Board Posting –
Expedite Ventures (www.expediteventures.com) – Again, we are shown prominently as a “recent client” on this website with the same logo as shown at the previous site. The client “services” text is the same exact material as from the previous site so as the poster on the message board has pointed out these are being run by the same outfit.
Registrant, Administrative and Technical Contact from Whois.com:
Sean Dougherty (sean@dealflo.com) Phone: 585-454-6950
274 North Goodman St.
Suite B265
Rochester, NY 14607
Michael Maley (michael@expediteventures.com) Phone: 585-820-0596
117 Campbell Park
Rochester, NY 14606
Ahead of the Bulls (www.aheadofthebulls.com) – This website is very interesting; it would seem that there has been some serious graphics being designed by Mr. Gilchrist. AETE is prominently shown on the home page of this site as one of the “Ahead of the Bulls picks” with a “LOGO” that none of us ever approved the design or use of. When you click on the “AETE profile” under the logo then you are taken to a very long dissertation on the merits of The Alternative Energy Technology Center and it’s viability as a solution to the alternative fuels market. According to the www.stockpromoters.com site that listed this company, it was compensated 50,000 free trading shares of AETE stock for their services.
The Wall Street Grapevine (www.wallstreetgrapevine.com) – This site is set up as with the previous site with AETE as a prominent display on the home page with the same unapproved graphics as previously used. Also, when you click on the graphics on the home page you are taken straight to a “news” page with the same article as the one posted on the previous site above (actually clicking on the AETE graphics takes you to the article posted on aheadofthebulls.com). The interesting thing is that this article is not one that has been submitted to Brown or I for approval. In the sidebar (right hand side) is another article that when you click on it it goes to that article with another surprise at the bottom of the page – there one will find not only the link to The Alternative Energy Technology Center web site www.AltEnergyTechCenter.com but a “hotlink” that leads to the AETE website as a “Sponsored Link” as Green Stock Alert - AETE where once again we find that AETE is being promoted – it is a rotating “sponsored link”. This site has the AETE stock target price at $4.00 per share. There is no posting on www.stockpromoters.com showing the compensation for these services.
Important note: This site shows a link in the navigation bar at the left for OTC Picks (www.otcpicks.com), while this site does not show AETE as of yet, it is interesting that as one of their “featured companies” is Copper King Mining which is one of the companies that is associated with Derek Ivany who is the signatory on one of the “consulting agreements” signed with Dennis McLaughlin in December 2004 – Refer to the AOOR_McLaughlin Document inventory list. This also ties all of the individuals together in the same nest as well
Pamplona Picks (www.pamplonapicks.com) – This is the newest entity that has been used to do “newsletter” and “spam” operations on The Alternative Energy Technology Center, Inc. The posting on it appeared on the AETE Yahoo Finance Message Board –
There is no posting on www.stockpromoters.com showing the compensation for these services.
Pamplonapicks.com: Running with the Bulls: AETE, CHCG, VDTI 25-Apr-08 04:47 am
Pamplonapicks.com: Running with the Bulls: AETE, CHCG, VDTI
Rochester, NY, Apr 24, 2008 (M2 PRESSWIRE via COMTEX) -- Alternative Energy Tec. Cente. (PinkSheets: AETE), China 3C Group (OTCBB: CHCG), and Vitalcare Diabetes Treatment (PinkSheets: VDTI); are Pamplona picks!
PamplonaPicks.com's aim is to bring you running bulls; fittingly as the city it shares a name with hosts the "running of the bulls". Any questions or concerns feel free to contact us at info@pamplonapicks.com. Visit, PamplonaPicks.com, to sign up for our free daily newsletter, and to read our disclaimer.
Alternative Energy Tec. Cente. (PinkSheets: AETE, http://www.marketwatch.com/quotes/aete/?... )
Hot Stock Market (www.hotstockmarket.com) – This website has a group of postings that in at least one instance contains completely false and misleading information taken from the draft website that was put into play by Jonathan Gilchrist, Goldbridge Capitol et al referencing projects with companies that do not in fact exist. Reference to at least one of these companies had been suggested as a subject for a press release by Gilchrist and was dismissed by senior management of AETE. In a conversation with an individual who answered the phone when an attempted contact was made representatives were told that to find out any information that contact would have to be made with Mr. Dougherty of Expedite Ventures.
Registrant, Administrative and Technical Contact from Whois.com:
Market DD
Email: info@hotstockmarket.com
rt7z36ec3wa@networksolutionsprivateregistration.com
ATTN: HOTSTOCKMARKET.COM
c/o Network Solutions
P.O. Box 447
Herndon, VA 20172-0447
Phone: 570-708-8780
OTC Advisors (www.otc-advisors.com) – This site is a bit more clever, when you enter AETE on their search utility it takes you to a page where AETE is shown by itself with a statement :”AETE Is Forecast To Trend Upwards” and when you click on that apparent hotlink then you are directed to another scam software offering from www.autopilotpicks.com that wants you to buy some guys “hot-pick software for managing penny stock portfolios. They evidently haven’t placed anything as far as advertizing there yet but are only using the email broadcast system of this group as related by the poster from the AETE Yahoo Financials Message Board. This site has the AETE stock target price at $10.00 per share. This site is also linked from the Wall Street Grapevine site.
Registrant, Administrative and Technical Contact from Whois.com:
Domain Associates LLC
Eric Rice (ericrice3@comcast.net)
443-421-0000
Fax: +1.4102247773
2804 Broadview Terrace
Annapolis, MD 21401
OTC Stock Exchange (www.otcstockexchange.com) – This website is constructed similarly to the Sizzle Stock site and has the same text and formatting that was found there – the big difference is that this site has the “target price” on the AETE stock set at $10.00 pe4r share. AETE is once again shown prominently on the Home Page for the site just as with several others. Found this one by accident and the stock alert was just listed today according to their “alert list” page. This site was shown on the navigation bar to the left of the home page for The Wall Street Grapevine. The offices for this operation are less than 1 mile from the offices out of which Larry Kaplan(and all of Kaplan’s children) operated prior to his indictment – there are still two securities groups in that same address. Mario Iacoveillo Also operates out of Scottsdale, AZ. Michael Paloma also used part of the same group as Icoviello – All of the crooks are now in the same nest. .
Registrant, Administrative and Technical Contact from Whois.com:
Private, Registration OTCSTOCKEXCHANGE.COM@domainsbyproxy.com
Domains by Proxy, Inc.
DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States
(480) 624-2599 Fax – (480) 624-2599
Market Watch Guru (www.marketwatchguru.com ) –
According to the www.stockpromoters.com site that listed this company, it was compensated 50,000 share of AETE stock for their services.
Registrant, Administrative and Technical Contact from Whois.com:
Rowe, Kyle
nk6as3xs32d@networksolutionsprivateregistration.com
ATTN: MARKETWATCHGURU.COM
c/o Network Solutions
P.O. Box 447
Herndon, VA 20172-0447
Phone: 570-708-8780
The Alternative Energy Technology Center, Inc. Promotion Sites Posted at StockPromoters.com. –
Search Results for 'AETE'.
1. '3/3/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
2. '3/3/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
3. '3/4/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
4. '3/4/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
5. '3/6/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
6. '3/6/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
7. '3/10/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Market Watch guru
8. '3/17/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Market Watch guru
9. '3/17/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
10. '3/17/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
11. '3/18/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Sizzle Stocks
12. '3/18/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
13. '3/18/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Ahead Of The Bulls
14. '3/19/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Ahead Of The Bulls
15. '3/24/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
16. '3/24/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Market Watch guru
17. '3/28/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by Stock Market News Alert
18. '4/2/2008' - The Alternative Energy Technology Center Inc (AETE) promoted by OTC Stock Exchange
There is already a 44" x 33" Link Analysis thats been being compiled over the last 4 months. And we also have a Relationship Matrix that is on an Excell Spreadsheet that covers 105 comapnies as well as the people that are involved in all of them. Of Course the central core is Darrel Uselton and J. T. Cloud on that one but it definitely gets convoluted.
Cap'm,
Unfortunately that list is actaully a short version of all the companies and people involvd in thea ctivities surrounding Goldbridge. Otherwise, in it's abrieviated form it is a factual representation of whos who to a great degree.
Just as a matter of distinction for Hawk on AETE, there is a long list of companies (over 100) that are associated with a rather long list of individuals (over 50 at this point) that document that Uselton, Cloud, Gilchrist and Carmichael go back a number of years in the conduct of ongoing illegal activities (Gilchist's company Golcbridge is the on topic subject here) and all of these associaes have been and are included in eithyer the indictment of Darrel Uselton or have been included in civil action that was initiated by individuals who have suffered economically names Schiller and others who may well have been not-guilty but certainly a long way from innocent.
This is generally the case where people make a decision to enjoy the ride while they are making the money they think they can enjoy. Ethics and conscience has nothing to do with it, they don't mind the ride but they certainly don't want to get caught up in the indictments. Still they get painted with the sam bruch and often rightfully so because what they knew duing the ongoing time they were involved wasn't right and they knew it.
What will appear here on this board will be completely documented. No arguments just facts. Nothing hypothetical or slanted.
I will now say the same to you that I put on the AETE Message board. I will not take up any more time with your posts other than to telol you that if you have as much information as you seem to think you have and "know" as much as you think you do either find a priest or talk to the SEC, either one suits me.
What is misleading Hawk is that what typically happens on these message boards is that individuals such as yourself take humbrage to the overall disclosure of the conduct of ongoing illegal activities. Your problem and to some degree the problem of people who get caught up in these deals is a bad case of selective ethics.
In the case of day traders the money to be made is the only thing that coundts no matter who else gets burned in the process.
Same problem with the guys who operate the Investor web sites who get paid in stock and then work dilligently geneerally using either hyped or completely false and misleading information constructed symantically to lead one into an wunwise investment of funds.
And of course you can't leave out the fact that everyone just wwants to make money the easiest way possible.
From now on I will not personally take the time to answer your posts my friend. The documentable proof speaks for itself and that's what your stuck with.
Hawk, I would suggest that you work off of the premis of why mess up a perfectly good criminal activity by allowing some details to be exposed.
I think I'd be very careful just how indignant you decide you want to be on any of these issues. The details are out there to be known although typically individuals such as yoruself have a tendancy to do a lot of name calling and try to intimidate people into not posting what is factual and true.
I would also suggest that if you actually know as much as you would want us to beleive then there is a real reason for the SEC and a couple of other agencies to want to talk to you as well. Boy, you need to amke all that wealth of information useful instead of blowing off steam here.
Hawk, You had better understand that more is known about that whole group than any one of them would want out on the street. Names, adddresses, telephone numbes, who they sleep with, who does their laundry.
Right now, as I type this, the whole thing is just about to come down around all these peopels ears who have been scamming not only legitimate business people but the general investing public at large.
Given you temperment on the subject, I would suggest that you may very well be either one of them or at a minimum one of the email scam artists that heve been supporting them for a long while. Either way, this is no longer the game that they want it to be and there are some very serious liabilities involved for the whole crew.
Some time later inthe day there will be another post here that lays out a bit more information on whose doing what to whome. If your interested, stick around, we work from documented sources not the fluff that snipes such as yourself try to bluff their way through on.
It is my understanding that there are two separate accounting groups and an investigator involved that are doing a complete audit back into the origin of MXPR the company that became AETE.
It is also my understanding that stock cdertificates have been found in MXPR that confer stock to an individual by the name of Bruce Pollock or his niminees. As a point of information Pollock was a co-defendant with another indicidual named Harris Dempsey "Butch" Ballow whp is currently a Fugitive from the FBI in South America somewhere. Ballow (generally pronounced "Baleu" like the bear in Jungle Book)was indicted, tried and convicted of stock manipulation, wire fraud,money laundering, ect. in a Federal District Court in Houston. He was allowed out on bail and while awiting trial engaqged in the same activities that got him indicted and just before his sentencing took off for parts unknown.
It would be a pretty good bet that this kind of information ties Gilchrist, Carmicheal and the rest of the group to a much wider number of stock fraud artists on the basis of conducting ongoing criminal activities.
Found this over on another message board
Gilchrist and Carmichael hijacked 6 million shares of stock 14-May-08 08:46 pm
in an illegal 504 Reg D transaction. It was really slick and they almost got away with it and might have if they hadn't gotten greedy. The fact is that Gilchrist tried to pull this off by switching positions in the companies, MXPR - AETE at a time when he thought he could get away with it and using Carmichael as the only constant corporate officer at that time as Corporate Secretary, Carmichael signed the corporate resolutions so it would go through.
All of these shares were distributed among the generally known companies associated with Gilchrist and Carmichael so they could move them into the market more easily from multiple trading accounts.
They then sent these documents to the then transfer agent with a falsified Attorney's Opinion created in Gilchrist's office on Blalock Rd. by an attorney he keeps there for this purpose. What is amazing is that he based this on allegedly having paid out $15,000 to another crook Peter Lloyd for Investor Relations newsletter traffic which had already begun in February by Gilchrist's own admission. There was a real problem here because Gilchrist never paid the funds into the company but held the checks and they weren't deposited until March which was well after the illegal 504 Reg D and the issuance of the stock.
Gilchrist also went out into his normal world of the pump and dump and made deals with groups to do the normally accepted pump and dump email scam, some of which have been reported on this message board. What is truly interesting is that all of this was done according to a proven blueprint based on the previous activities of Darrel Uselton and his crew.
Their real problem at this point is that obviously they didn't pay very close attention to the last paragraph in the recent press release - all of this has been turned over the proper authorities for investigation.
6 million shares of counterfeit illegally issued stock is a lot for the market to absorb. Anyone out there buying should pay particular attention to this little fact. Some of the email spam operators were also paid in stock by Gilchrist of Carmichael or both and they have probably already pushed these shares out into the market. Some of these operations were compensated as much as 50,000 shares each for their services. And in each instance they are groups that have been identified with this kind of activity previously.
Kind of brings an entirely new meaning to Caveat Emptor doesn't it.
The AETE position is going to be precarious for some time based on just how much comes out as to the activities that have been disclosed in the recent press release.
My guess would be that a lot of information is going to be made public about the pump and dump activities of Gilchrist, Carmichael and a lot of their crowd. There has to be a lot taking place behind the scenes right now if Gilchrist et al have been canned. Generally these crooks don't take lightly to being exposed on their illegal activities so they will by necessity have to do anything they believe necessary to move the stock they have already put in play.
All of the players from Gulf Ethanol have a history of flagrant illegal activities in the companies that they set up for the stock play. Just go back and read the posts here by elmoscuba and make your own determination on that subject.
The real problem here is that if any of you think your going to out guess what they are doing in their pump and dump scheme to play the stock on the short side you will probably get burned as well so just be forewarned. If you think you can out play the players then be my guest.
What ever the management of the company is trying to do to clean up the company may not come to anything because the SEC typically is a day late and a dollar short (pardon the pun).
zek,
when did you go to DC to testify and how many of the cast of characters were actually identified then?