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Just bought in, I know its high, but promotors themselves will help this flip
yeah pretty active
yeah i need to just do that too
now i just wish ameritrade wasn't such tools
News for 'SYNJ' - (Syndication Inc. Sells 20% Interest in Sentinel Renewable Energy S.C., the Company's Bio-Diesel Manufacturing Subsidiary, Receives $1 Million and 10% of Purchasing Co.)
WASHINGTON, Jan 31, 2011 (GlobeNewswire via COMTEX) -- Syndication Inc., (Pink
Sheets:SYNJ), announced that on January 4th, 2011 the CEO on behalf of the Board
of Directors executed a Stock Purchase Agreement, (SPA), to sell 20% of Sentinel
Renewable Energy Inc., the Company's Bio-Diesel Manufacturing Subsidiary in
South Carolina, to Better Environment Concepts Inc., a Delaware Corporation,
(BECI), trading OTC.BB, over the counter on the Pink Sheets, under the symbol,
(Pink Sheets:BEEN). In exchange for the 20% sale BECI provided, among other
concessions, a $1,000,000 conditional draw down debenture investment and 10% of
BECI's Common Stock. Additional terms of the investment include a conversion
feature allowing BECI to convert their debenture from 7% to 11 % of
Syndication's Restricted Common Stock. The debenture will bear an interest rate
floating between Prime + 1% and Prime + 3%. Both the conversion and interest
rate will adjust based on a schedule related to the categorization and risk of
the use of proceeds. For example, assets that can be collateralized, (plant,
equipment, land), will bear a lower rate of interest and conversion ratio.
Whereas, higher risk draws approved for the purpose of working capital and pay
roll will fall into the higher rates of interest and conversion ratios. In
conjunction with the $1 million debenture, BECI was also granted an oversight
and disclosure agreement affording them strict rights and controls over the use
of proceeds.
Additional Board resolutions charged the CEO with the responsibility of picking
a Dividend Declaration Date for the Company's next dividend and to propose a
dividend schedule for the next year. The dividend declaration schedule should be
based on a quarterly payout and include both the Company's (Syndication Inc.),
common stock and the dividend payout of the Company's position in BECI common
stock. The Board further requested the CEO to modify the Dividend Policy to
provide the Company's shareholders with an affordable service that would enable
them to have the restrictive legends on their dividend shares lifted. The Board
suggested that the service should include the legal opinion, reissuance of their
non-restricted certificate and return postage.
The CEO wished to note for its shareholders that, "The distribution of a 3rd
party dividend on a specifically designated asset of a Public Company is a
uniquely gymnastic legal maneuver. After consultation with our transfer agent, I
believe that I will be able to make a recommendation to the Board on a practical
execution of a dividend distribution strategy within the next week. This is both
a difficult and unique act. I also recognize that our dividend policy is
problematic to market makers holding short positions in our stock and I feel
sure that this dividend issuance will cause real attention demands. However, I
will not deny dividends to our shareholders because, the ability of market
makers trading our stock for the purpose of their own self profit, becomes
complicated," said the CEO, of Syndication Inc.
The Board remains resolute to the execution of our business plan and the belief
in our future. We believe that the dividends play an important role in the long
term development of our stock valuation. In our opinion, they will become
valuable both monetarily and as a recognized function of our Company culture.
The pursuit of the alternative energy market is still in its embryonic stage and
South Carolina is one of its frontiers. The State is poor and starving for
corporate capital investment. We have cash and have made accommodations to
accept an additional million dollar investment. South Carolina is aggressively
courting Syndication/SRE S.C. as a player in their business community. We are
using their economic dearth as leverage to convert our business plan from chalk
board to practical application. An interesting revelation fostered by the task
is that it can be done much cheaper than originally anticipated and the
opportunity for profits is far greater than originally forecasted. Over the next
couple of weeks the Company expects to release details on the Lake City S.C.
warehouse purchase and the status of the required roof repairs, legal issues
related to the $5 million loan escrow and both dividends. News pending.
This press release may contain forward-looking statements covered within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to, among other things, plans and timing for
the introduction or enhancement of our services and products, statements about
future market conditions, supply and demand conditions, and other expectations,
intentions and plans contained in this press release that are not historical
fact and involve risks and uncertainties. Our expectations regarding future
revenues depend upon our ability to develop and supply products, which we may
not produce today and that meet defined specifications. When used in this press
release, the words "plan," "expect," "believe," and similar expressions
generally identify forward-looking statements. These statements reflect our
current expectations. They are subject to a number of risks and uncertainties,
including, but not limited to, changes in technology and changes in pervasive
markets.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Syndication Inc.
By Staff
CONTACT: CONTACT: Syndication Inc.
Brian Sorrentino
Phone # 888-422-5515
For all mail correspondence:
Box 503, Damascus, MD 20872
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
Let start the move onward :D
so upset i sitll cant buy from ameritrade
so nice!
Check Out FRMC, It's So Thin and Moves on very little shares! Great DD On Board as well!! http://investorshub.advfn.com/boards/board.aspx?board_id=1500
Im holding and accumulating until atleast march
someone should make a Bulletpoint post of all the important and most recent DD, it really will help.
still need to hit .0013 to break even. this was my first big winner back in the day though so its worth the wait
whats L2 look like, should i buy now? or wait for a little lower?
yeah i agree, and i dont mind the fallback since i first purchased at .0033. im looking forward to grabbing some cheapies
its downon 82K shares. aha not worried
i bought earlier at 33 gonna put a buy in around this range so even out
wish i had the money, still a college student aha
was gonna flip this, but im thinking i should hold on for about a half a year and buy on the dips
so whats the update from the last 2 weeks
always nice to end on the HOD
FRMC Huge Opurtunity
http://investorshub.advfn.com/boards/board.aspx?board_id=1500
k just bought in
Could i get so analysis on PNXE chart. earlier this month they reverse merged a company
http://investorshub.advfn.com/boards/board.aspx?board_id=11899
Thanks!
Clay or someone what is GNOLF( http://investorshub.advfn.com/boards/board.aspx?board_id=8590)
chart saying now after the high volume and the breakout?
WHere is this huge volume coming from
nice volume!
Gnolf at yearly high, low volume mover. http://ih.advfn.com/p.php?pid=squote&symbol=GNOLF
LOW VOLUME MOVER GNOLF. http://ih.advfn.com/p.php?pid=squote&symbol=GNOLF
thank you very much for the good work. id say the rise in PPS is the inside shareholders of the company doing their work. they own about 75% of the shares.
Could someone please do a Chart analysis on GNOLF. Thank you!
GNOLF killing resistance. new High of year!
http://investorshub.advfn.com/boards/board.aspx?board_id=8590
GNOLF killing resistance. new High of year!
http://investorshub.advfn.com/boards/board.aspx?board_id=8590
new high of the year!
sturdy as can possibly be
bunch of bipolar traders is what is it aha. Thank you brian for the update!
big wall aha
ive been in this for over a year after the drop and my average is still only .0009. it's mighty cheap down here
i dont see any 4's being hit?
yeah i dont know much about my investment here
CANADA VENTURE: Genoil In Talks With BP To Clean Up Oil Spill
By Caroline Van Hasselt Of DOW JONES NEWSWIRES
TORONTO (Dow Jones)--Canada's Genoil Inc. (GNO.V) is in talks with BP Plc (BP) to help clean up the oil-polluted Gulf of Mexico waters and beaches.
"We were approached by BP, and we've been exchanging a lot of information with them," says Genoil Chief Executive David Lifschultz.
Calgary-based Genoil specializes in heavy-oil upgrading, water-purification technologies, well testing and sand cleaning. A technology research and development company, it developed the Crystal Sea, an oily water separator, also known as a bilge separator, that can reduce impurities in water to 5 parts per million without the use of any chemicals at a cost that's lower than conventional separators. By law, the current standard is 15 ppm.
"We're new. So even though we're commercial and scaled, it takes awhile to break in a new idea," says Lifschultz in an interview from Dubai, where Genoil is also vying for a major contract to clean the 600 miles of the 1991 Gulf War oil-contaminated beaches.
The company recently received a U.S. patent for its sand-decontamination reactor technology that can return the earth to agricultural-grade soil. "We can take the oil down to almost an infinitesimal level on the beaches," he says.
Lifschultz, a New York-based investor who owns 29% of Genoil, incubates new technologies that he feels can have a major impact on the world economy. The company, which isn't generating any revenue yet, is focused mainly on selling its heavy-oil upgrading technology that converts sour, or high sulphur, heavy oil into lighter oil with higher-quality distillates for conventional refining.
But its Crystal Sea reactor is timely for BP.
The oil giant has 1,300 people reviewing more than 120,000 clean-up ideas, says BP spokesman Robert Wine. Last month, it signed a contract with Hollywood actor Kevin Costner's Ocean Therapy Solutions for its V20 centrifuge oily water separator, which Lifschultz says is inferior to Genoil's system.
Ocean Therapy's CEO John Houghtaling II, a Metairie, La.-based lawyer, said in an email that the V20 received U.S. Coast Guard approval "over a month ago" and "can run parallel to get below 15 ppm in proper conditions." The American Bureau of Shipping, the industry's standard setter, has no record of its equipment being vetted or type-certified. Costner told the U.S. Congress last month that "red tape" has blocked his attempts to employ his company's technology for past 17 years. The V20, which isn't patented, leaves a 1% impurity, which is 10,000 ppm.
Genoil's Crystal Sea received U.S. Coast Guard approval in 2007 and is ABS-vetted. Romania's Iasi thermal power plant has been using 10 Genoil machines to clean heavy-oil-contaminated water for the past six years without breaking down, Lifschultz says. Instead of selling units, the company is focused on selling a water-cleaning service to ports, so far snaring memorandums of understanding from three of China's busiest ports -- Qinhuangdao, Tianjin and Tangshan.
BP says Genoil has passed two of its three stages. The third stage, where 400 cleanup ideas are being evaluated, involves a technical assessment. Once that's passed, BP will start field tests.
The 15-person Genoil team is on 48-hour standby waiting for BP's call.
In order to get more publicity for his company, "People say, I should go to Hollywood and take out one of the famous movie actresses," laughs Lifschultz.
-By Caroline Van Hasselt; Dow Jones Newswires; 416-306-2023; caroline.vanhasselt@dowjones.com