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Waitedg,
Thanks for the efforts and taking the time to update us on the fate of FASC. It appears there is a need to re-evaluate the net profit on the sale of a single machine. Past figures appear to be grossly overstated.
I am very happy, however, to hear Brian is alive and well. Also that his son is deeply involved in the company and the CFO is still at FASC. The loss of Cal was much greater than one thought and it has taken four years and two people to regain his lost expertise.
I continue to keep the faith that someday FASC will grow and prosper. I saw where the EU has directed a 40% increase in clear air renewable energy resources. There are not enough trees in the EU to make that happen and nuclear is a dirty word in many EU countries.
Wind and solar are headed out the door because of cost and reliability issues. That leaves very few alternatives.
Thanks your efforts!
Cousin
I was looking at other OTC stocks I hold when I found this on FASC. I my opinion, this is not good at all.
First American Scientific Corp. Caveat Emptor
Common Stock SEC Reporting - Delinquent OTC Pink No Information
OTC Markets Group Inc. (“OTC Markets”) has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) for one of the following reasons:
Promotion/Spam without Adequate Current Information — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public. OTC Markets believes adequate current information must be publicly available during any period when a security is the subject of ongoing promotional activities having the effect of encouraging trading of the issuer's securities. At such instances, as a matter of policy, when adequate current information is not made available, OTC Markets will label the security as "Caveat Emptor." Promotional activities may include spam email, unsolicited faxes or news releases, whether they are published by the issuer or a third party.
Investigation of Fraud or Other Criminal Activities — There is an investigation of fraudulent or other criminal activity involving the company, its securities or insiders. When OTC Markets becomes aware of such investigation, the companies’ securities may be subject to Caveat Emptor.
Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt).
Undisclosed Corporate Actions — The security or issuer is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
Other Public Interest Concern — OTC Markets has determined that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion, spam or disruptive corporate actions even when adequate current information is available.
OTC Markets will resume the display of this security’s quotes once adequate current information is made available by the issuer pursuant to the Alternative Reporting Standard or by the SEC Reporting Standard, and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use caution and due diligence in their investment decisions. Please read our Investor Protection page and OTC Markets Policy Regarding Caveat Emptor for more information.
TR,
Colorful site but I click on the KDS product and nothing happens along with other products. I hope this is just a site loading issue and not a half baked site where all the pieces are not ready for showing.
Surf,
There is no need for a new CEO. Once the December 4th settlement hearing on the civil lawsuit that just gives $800,000 to the lawyers and the January 9th Dickson V. Lee sentencing hearing, L&L will announce it has been sold to Union Coal of China for the unheard of sum of $4 million ($0.10 per share). Dickson Lee will be sentenced to time served, a $500,000 fine and allowed to leave the United States. He will become the CEO of Union Coal and will reap the profit benefits of our money and technology.
The December 4th hearing will not hold L&L guilty of anything and bar stockholders from any further class action lawsuits on financial reporting or fraud activities.
Lee wins, Robinson wins, the Lawyers win, AND WE LOSE! End of the L&L story.
Now if you are quick and ignore those who think L&L will somehow "rise from the ashes" on this matter, you can start by objecting to the civil lawsuit settlement. You have about 40 days to get your objection to the court in Carson City and to the lawyers for both sides. They must have your objection along with evidence to support your statements, proof you were a shareholder on September 19, 2014 and the dates when you purchased L&L stock.
Second thing you can do is send in a "victim statement" if you owned the stock in the 2011-2012 time frame. That you can get from the DOJ office in Seattle. But it cannot be one of those that says it was all Lee's fault and L&L BOD are a great bunch of guys. This great bunch of guys did NOTHING while Lee committed fraud upon fraud. Also our CFO since 2011 and Fong were in on the scheme.
But it is up to you. If you believe in "rising from the ashes" is the best way for you: DO NOTHING and pray a lot. If you think otherwise, make your voice heard above these 2013 "johnny come lately L&L stock buyers" who are only trying to get a "10 bagger" off of your money.
I just went to my friends and asked if Obama is the President of the United States. They said he was no president of theirs. I guess the same can be said in China.
I-man,
These were not my questions. Mine were more direct asking why they violated securities law. I also requested their response by US Mail with a signature of a company officer. I am still waiting but time is not up for a response.
It did not help the board made the delist decision. I hope they give us some followup information about their China trip this week. If they don't, we just as well request the stock certificates and burn them in the fire place this spring. At least we could get some benefit for our monies.
Dickson Lee has resigned as Chairman of the Board and CEO of LLEN effective today.
Now the board must appoint an acting CEO along with finding a new CEO. Right now the NASDAQ trading halt is a blessing. We have time to get the senior management mess corrected, allow time for the a new CEO to establish connections in China, and allow the company to pay its SEC/NASDAQ fines before the "shorters" make their move again.
I also read Jon Carnes is complaining about the trading halt. Must be the margin interest is really growing and hurting his ill gotten gains. I guess he doesn't like the possibility the market will digest "all" the information and come to the conclusion GEO Investing and Jon Carnes were dishonest and the value of LLEN is really much higher. Thus LLEN resumes trading at a much higher price making it difficult for them to cover. I would just love a very harsh short squezze where "shorty" is compressed into a "Black Hole".
I-Man,
Same BS response I have been getting from TDA. Sent a message today to TDA asking for an explaination citing the NASDAQ response you got (no names used). Requested a complete statement for their actions along with any market maker action they have done in the past with respect to LLEN. Requested it be in letter form sent to my home and signed by an officer of the company. They have a 7 day suspense on this action.
Putting together all my emails to TDA and their responses. Plan to send a letter to FINRA within the next ten days.
What???? Still needs money! So all those KDS projects are what?
I know, we need to have an intelligent conversation about all the wonderful news over the past six months.
PS: Has anyone ever been to Canada to see this place? Ever?
To all TDA Account holders,
Read the message from the LLEN Yahoo message board about TDA actions with your LLEN stock. Now is the time to speak up about this LLEN market maker that has been naked shorting LLEN using your shares to meet the SEC covering requirements.
investrman • 6 hours ago Flag3
users liked this posts users disliked this posts 1 Reply LLEN Update RE: Nasdaq Halt & TD Ameritrade.Nasdaq Compliance Officer called us back late yesterday after they reviewed our TD documentation and actions they did to our LLEN shares basically acting as if they traded down to "0" in value. This is illegal and criminal to be done.
Again, Nasdaq reiterated LLEN was halted by them for informational purposes solely surrounding an Officer of said company. Those shares are legally registered, very valid, and are "owned property" by us or others who have invested into them and they have value. LLEN stock has not been delisted nor has it been unregistered either. The SEC has no enforcement action against LLEN stock either. They were halted at $1.68 by Nasdaq. The halt has not been lifted yet, and to now see TD do to our shares and brokerage account as they did violates Federal Securities Laws as well as other criminal concerns of (broker(s) who may be involved. This cannot be done without the owner of those shares (shareholder) to the brokerage. They cannot arbitrarily do with LLEN shares (legal owned property) as TD did to our account and profit by this and also cause us financial losses acting as if they traded to "0" from our ownership price which is higher.
Nadaq Compliance also told us they already contacted someone at FINRA with our documentation and gave them heads up now as Nasdaq is going to "do a spot investigation" into TD Ameritrade and its practices seeing this happen to us. Nasdaq also said they want other Investors out there who have LLEN stock (or other securities) and have had this happen to their brokergae accounts to contact them directly as we already have. Also Nasdaq told us we needed to contact someone inside FINRA as well and so we have.
In close, the Compliance Officer told us something "off record" which I can't put here, suffice to say , runs in tandem with the publicly reported actions by the FBI we are seeing this morning across news screens out there this morning... Less
I-Man,
More TDA B___ S___.......I bet they moved our "long shares" to zero, declared them worthless and used them to cover their short positions. I have emailed these SOBs a number of times about playing games with shares in their account holders holdings. With this one I think it may be time to sue the bastards and get them delisted. When this is all over, I am pulling my assets and placing them with my other far more honest brokerage firm. At least they tell me the truth.
CPAMAN,
Thanks for the response and good to hear your are busy. It means income is coming into your household.
I look forward to an intelligent discussion about FASC based on authentic third party articles, reports and actual visits. I am always concerned with blogs and message board member statements of fact. I like see verification from other sources that speak directly on the KDS and its actual employment in for profit ventures.
Take care and keep generating those dollars.
CPAMAN
Question, if all these noted projects on this board have resulted in some sales, AND the net profit on these sales is very high AND the sales are only cash on the barrel head, why is the reporting two years behind and a staff so small it cannot keep up with the business?
I constantly look for direct KDS reference to all these projects and for many I come away with only an "hypothesis" that it could be a KDS project.
Two years with no news, financials, or public statements lead me to believe something is very wrong. If there are sales, is the CEO putting the money in his pocket and preparing to move south. He is not a U.S. Citzen and thus can "disappear" at will. Has anyone physically gone to the company HQ and seen this "small operation"? Any reason, other than "reported project visits on this board", for trusting these Canadians?
The CEO is how old? Is he still alive?
Too many questions with no factual answers.
Finally, why do I hang on to my 400K shares. Well, at 1.2 cents a share (the bid), I am better off holding it for future tax losses. Only can use $3000 a year.
I-Man
I put little comfort in the fact the receptionist is still at her desk. The only possble saving grace is Ian Robinson who IS NOT a U S Citizen. The rest of mamagement was around when LEE was doing the dirty deed. I will never trust an Asian again.
The FA was to settle this issue once and for all. Well, even before the FA got started, the DOJ and SEC were already ready to put LEE in jail. Granted this is only one side of the story but LEE does have a record of past shady securities deals.
The intergity and honesty of L&L is shattered. NASDAX will have to delist L&L based on LEE's dishonesty. We are headed for the Pinks and the mercy of the cut throat MMs. Look for A DELIST next week and moving to the pinks within two weeks. We will open around ten cents per share with a bid of 5 cents and an ask of 15 cents. I bought into L&L in 2011 after doing what I thought was good DD. However, if the reports are a fraud that goes back well before they were listed, it is hard to find these bad facts.
So say good bye to your money and dreams. The only hope is a quick honest sale of the company to someone who is not a vulcher. But companies in trouble bring out all the carrian feeders.
L&L is DOA.
Dr C6
I would hold off for now. Looks like "shorty" is at work here looking to start a major decline. If you hold off on buying, we will see how long naked shorts will play the game.
I-Man,
If you follow the Yahoo board as well, you will find a meeting in DC with NASDAQ, the SEC and LLEN was held today. Dickson Lee, Fong and someone from China attended for LLEN. No word on what the meeting was about or what ws discussed. Benzinga had a release about the meeting based on a discussion with the LLEN IR guy. It looks like NASDAQ wants to really put this to rest. The Forsinic Audit is just another piece of information NASDAQ would like to see. If all this "ownership" issue is cleared up using the laws of two countries, I think LLEN stock will be headed in the right direction.
Strange your broker was looking for people to sell "under the table". May I suggest your broker is one who holds or who has clients who hold "naked short positions"? Let me know their name and I will offer them 6,000 shares at $50 a share. But this is a very limited time offer.
charlie,
You may add Cleveland Ohio to your map if you like.
Happy New Year to all!
RTB
From the YAHOO Board
Do your own thinking before you make a decision:
Carnes Fraud charges.VANCOUVER, Dec 19 (Reuters) - A Canadian securities regulator has accused a short seller who ran a high-profile campaign against miner Silvercorp Metals Inc two years ago of fraud.
The British Columbia Securities Commission said in a statement on Thursday that Jon Richard Carnes "wrote a false negative report" about Silvercorp and published it anonymously on a financial blog he controlled.
Silvercorp is a China-focused miner headquartered in Vancouver and listed on the Toronto and New York stock exchanges.
It was one of several North American companies with operations in China that were hurt in 2011 by allegations of fraud from short sellers, investors who borrow stocks and then sell them in the hope they will decline in price so they can buy them back more cheaply and pocket the difference. The most high-profile of these companies was Toronto-listed Chinese forestry company Sino-Forest Corp, whose shares have since been delisted.
Dates for a hearing will be set in February.
Carnes could not be reached for comment immediately. A call to the New York office of EOS Holdings LLC, a hedge fund that the BCSC said that Carnes ran, went directly to an answering machine.
The commission said that Carnes began building a short position in Silvercorp's shares by purchasing put options that expired on Sept. 17, 2011. Put options enable the holder to profit from a stock's decline.
After Carnes published his report on the AlfredLittle.com website on Sept. 13, 2011, Silvercorp's share price closed down 20 percent, the commission said. It said Carnes closed his short position the next day, earning a gross profit of nearly US$2.8 million.
The U.S. Securities and Exchange Commission helped the Canadian agency with its investigation.
In January 2012, Silvercorp added Carnes, EOS and three other defendants to a lawsuit it filed in New York that claimed a series of short-seller reports had falsely accused the miner of a massive fraud to drive down the stock.
Hey Rubber
Have a Merry Christmas and remember to wear one. Would not want you to catch a cold. Long LLEN for years. Seen it, watched it and forgot it. It is sort of like "The World Turns" soap show. Same story, same characters, same dangers and the same long running show. With BIG PROFITS along the way I might add.
And to all a good night!
Did you listen to the CC on Tuesday Afternoon?
A person that does their OWN DD usually tunes in for a quarterly CC.
Not a totally independent report. Mr. Murphy was paid $5000 by a ARYC investor to prepare the report. A nice recap of the company, industy and market but any target share price is suspect based on the assumptions.
If you remember, Hank Greenberg, a "writer" for Market Watch wrote an article about the poor audit firm LLEN uses. He attacked LLEN for not paying taxes, cooking the books, and Mister Lee's past. I also remember Geo Investing writing a poor review of the company but the details escape me.
So why is NASDAQ interested when this is clearly a civil issue. I guess they are hooked up with the "dark side" of this issue. I believe NASDAQ does not like LLEN issuing a TDR and wants to make it difficult on the company. Remember, Bernie help build this exchange and we all know the character of Bernie.
I see the MMs and Shorty are having a field day with LLEN. Too bad it will take to the end of the year to get the TDR in place. However, the bright side is the shares are really cheap compared to book ($5.50) and P/E (2.59).
Keep on doing your thing Shorty!, With you up to 3,000,000+ shares, I hope they are all "naked". When the TDR hits and the price jumps to $5.00+, all we will hear from the MMs is "we cannot get the shares delivered from the seller". NASDAQ will put on a "freeze" as usual and the TDR will take off like a rocket.
Put the SEC complaint http on your favorites list and keep your key board warm. There may be some nice fines for these MM low life on the way.
The MMs and shorters are waiting for the TDR paperwork to go through and a price set. They are betting there will not be a big demand for LLEN in asia. If the price set (kind of like an IPO) is below book value, they will really beat up this stock in the US. With 15:1 exchange rate in Tiawan, a TDR pice below This would be a disaster of LLEN stockholders. If it is above 90T$ the arbitrage will start and shorty will look for new a new china company to beat up.
A while back, a lot of people jump ship amd moved to the China Stock board. I have visited the board a number of times and think it is junk. Besides, if you want to isolate only LLEN, you got to be a paying member (rip off).
As for LLEN, I have owned this stock for years and suffered through the 2011 decline. I added a bunch at less than $2 and it looks like it is on its way back. We shall see. I like the TDR idea and may be KMPG will become their annual auditor.
The CFO did a very suspect thing in January selling over 500,000 shares plus 111,000 warrants for around $900K to an un-named investor. I think it was a sweetheart deal for some big shot in China but cannot prove it. On the April earning call I let him know I was not happy with that deal. The CFO is on my watch list.
However, with the new TDR initative, they will need to place 10,000,000 new shares in the Taiwan TDR and get a better cross section of Asian investors. It will also draw more declared insitutional investors. Right now institutions hold less than 5% of the company. Growing American run companies with all operations in China are hard to find. Most are pump and dump.
Here is the China Stock WEB site if you want to check it out.
http://investorshub.advfn.com/boards/board.aspx?board_id=9884
Straight from the 10K page F-17
subsidiary of the Company, Nevada Rae Gold, Inc., has an outstanding tax obligation to the Internal Revenue Service. The IRS has asserted that approximately $212,000 is owed at this time. The IRS has filed a general lien on all the properties of Nevada Rae, and is taking steps to enforce the liens and collect the funds owed. The enforcement actions will include seeking and taking any funds that are in the company’s bank accounts, causing any persons owing funds to Nevada Rea to direct the funds to the IRS, and taking possession of assets of Nevada Rae and selling them. These actions will be disruptive to the operations of the Company and the subsidiary and may impair the ability of Nevada Rae to operate. In that event, Nevada Rae will be unable to generate any revenues and the financial position of the Company will be severely impaired and the Company may have to curtail its subsidiary’s operations or put the subsidiary into receivership.
You owe me a APOLOGY!!!!!!!
Question for all:
How is PCFG going to generate any revenue? The IRS has seized all the mining assets, available cash and properties. This is not a very good outlook for the company. I wonder what will allow this stock to explode other than explode into Chapter 13.
I am afraid this turkey is "cooked".
Message for Brian:
Public Company CEO
The most formal position for a CEO is in publicly traded companies. Shareholders own the company and the board of directors governs, representing the best interests of the shareholders. The CEO receives directives from the board, but is commonly held solely responsible for company failures or successes. The CEO is occasionally the chairman of the board, with greater influence over board decisions. In a publicly traded company, the CEO is the public face of the company and its primary leader, with responsibility to safeguard the interests of the shareholders. He must maintain compliance with Securities and Exchange Commission rules and regulations, manage the company to profitability and maintain the stock price.
Private Company CEO
The CEO of a private company, often called a privately held company, is normally the founder, an owner, and occasionally, an employee hired by the owner. Again, the CEO is the leader of the company with primary responsibility for managing it to optimize profitability. Private companies don't normally have formal boards of directors. The owners are the shareholders and the CEO is expected to manage the company in the best interests of the owners and stakeholders -- which may be his own family in a family-owned business. SEC rules and regulations don't apply to private companies, so the CEO is responsible for maintaining compliance with all local, state and federal laws pertaining to the company, but there is no requirement for transparency
Need we say more?
Chase,
Just like Congress. Ask them to design a HORSE and they give you a CAMEL!
Real,
Strange but LLEN is still under $2.00 after ten days. Looks like the $1 million loan to the CEO (and not paid back) plus the "shady 500,000+ share deal to a "private investor" in January 2013 really tells the story why this stock cannot breakout. They had millions in cash in January and still needed the $800,000 plus from the private investor? I feel the market believes top management is "shady" and there isn't anyone able to find out the real truth.
Also noted the CEO no longer does the shareholder calls. I guess it is too late in China to be on the call. Oh yes, do we have a extradition treaty with China?
Chase,
Would you please remove the following from this site information. The statement is false. Thanks
A GOLD Producing Junior Miner
For those who are TD Ameritrade users:
I have had great difficulty receiving the PMET dividend shares. Still missing my shares in two accounts If you still do not have your shares, try the email approach or use this direct contact:
Corporate Actions/Dividends team at 888-723-8504 option 1, Monday through Friday, from 9 a.m. to 5:30 p.m. ET (excluding market holidays).Good luck
Hey Doc!
The article was developed by a shill for ARYC.....
The subject security is a client of Emerging Growth, LLC. For full financial disclosures for all Emerging Growth, LLC clients, please visit http://secfilings.com/Disclaimer.aspx
ARYC pays Emerging Growth a marketing fee in cash.....
Be careful!
Chevy,
Let me add my "note of cheer" this Friday morning. For those who use TD Ameritrade, here is where your Pacific Metals dividend shares stand:
Thank you for your inquiry. Unfortunately, we are still trying to obtain the proper amount of Pacific Metals Corp shares in order to allocate to all of our clients who are eligible. We apologize for any inconvenience, however, we are diligently trying to correct this matter with the parties involved. Please feel free to status back with us from time to time.
Looks like TDA is having problems getting "our" shares from shortie. We may never see the correct amount of dividend though it may not matter given all the PCFG give aways right now.
I have a Chapter Seven penny that is selling for more that 7 times the price of PCFG. However, there are real assets in that firm; not gold in the ground these bozo's cannot retrieve.
Bang-Bang,
Last year PCFGD spun off Pacific Metals Corp as a stock dividend.
Do you know the Pacific Metals stock symbol and a location of the 8-K that indicates the spin off? I cannot find the 8-K in Edgar and TD Ameritrade has not credited my account with the dividend.
Thanks.
You realize, for $40,000 you can buy the whole company.
200,000,000 shares at a whopping $0.0002 per share.
Anybody want to own a gold mine?
Crazy!
So we are part owners of a Greek Eatery? I reallylike Greek food!LOL
I guess the cash flow is really critical. But then again there must not be much accounting needed; no sales, no cash, no inventory.
Me neither Bubba.
Called TDA and as usual they have no idea wwhen the transfer agent will send them the new shares.
TDA must really hate PCFG. When other firms were trading PCFG, they were on a chill and stayed on that chill for weeks.
When it comes to PCFG, TDA is NOT investor friendly!
TR,
OK you said you would call; what did Brian say? I hope he answered the telephone. What else does he have on his plate? What does he manage: himself? Who does he talk to: himself? He is in his 70s. Maybe "nap time" has a major block of his calendar.
Sending out quotes is not selling. By the way, where do they get the money for postage: the telephone: the fax machine?
I am way to long in time I owned this stock and the money I have in it, The money I can recover. The time value of the money is gone forever.
By holding FASC, I am living the dream. But it is a very scary dream.
Still long and still stupid.
Chase,
To Bust or Not to Bust; that is the question. Is it better in men's mind to create fear or is it better to create doubt.
The boys on "Gold Rush" are recovering more gold per day than these guys have in three months. Of course the "Gold Rush" guys are "working the mine" and the show producers must have access to better advice from "professional miners".
Anyway you look at it, until the 10 year water issue is resolved (Gold Rush episode aired 11-23-2012) and these guys make the permanent move to Nevada from Canada, this operation is at the mercy of "Drunks, Cowboys, and Ladies of the Night". If the project is going to work, you need to sit on it all the time. Hired management will not help.