dudes, if you wanna launch a class action you don't do it thru the SEC...they are like the cops...you have to hire a lawyer to present your case in a civil trial. The SEC will do what they are going to do which so far has not been much but maybe they are just damn good poker players and keeping their cards close to their chest and one hand on their gun under the table. You won't get a class action out of the SEC but through a lawyer. You might want to approach a lawyer and if they feel enough money might be won they will advertise looking for clients but I bet these pigs have moved the money where we ain't gonna get it.

I am with you Bruno...thinking the SEC has to be looking at this cause the exchange is in our country not Canada-pretty sad if it takes a Canadian government to go after companies here in our country. I wonder if they will because they have had so much time now and have not done anything. I see that the cease trade order against everyone has been put in place until there is a decision so not the six month ones like before. I hope they nail these guys to a wall.

Maybe you should take the time to review the information Mr. Professional trader who likely is going to get killed in the markets if you rely on the type of research that prompted you to post your opinion. The charges have changed from the old notice published from known or ought to have known the share price was being manipulated to read they knew the price was being manipulated and were participating in the scheme. So how does that lend legitimacy to their enterprice? The boys that did all the calling to suck in investors are going to provincial court which is like our state courts so obviously the charges are more serious than first published last summer. Simple fact of the matter is the company has nothing nor does Tradeshow - it was all built on sand to give the illusion there was a real business and we got sucked in, some more than others. At least someone is taking these guys down since there is nothing there at all. If there was this one little province could not have caused the price to drop to where it is now as a real business would have overlooked the ASC (as in where the hell is Alberta anyway?!!!). This was a scam, we got scammed.

I think this is a 6 dressed up as a 9. Why did Londe not disclose in his biography, his relationship with Global 8 Technology? He included evrything but that. These guys use nifty looking on line marketing with flow charts and relationship module schematics underscoring the potential for multilevel income streams from isolated interconnected entities operating as a community whole as opposed to a single entity; thus quantifying the positive outlook growth with reference to multiple earning potential growth.

When someone gives someone 30 million shares and pumps the stock up you can do quite well from the sale of your securities even if the company does nothing. After all, this is the stock market, not a charity. Many of these types of companies rely on the pump to make money and the OTC is full of them...COUGF, TSHO, PBEC, DOGO - go and look at the rises and falls of these. If you are a trader you can do okay if you are quick, very quick but if you are planning on a long term investment each of those would have devastated your account. Many come on here touting stocks like this and some openly admit to them being high risk which is good because they are very high risk. The OTC is meant to be traded by nimble traders not investors who have to hang on.

I would dick further beneath the ruins of Global 8 Technology and you will find Londes fingerprints and maybe even Bronconniers involvement, maybe. He was a stock promoter, this is a stock promotion, when these guys get in bed with one another they usually only get out long enough to relieve themselves before climbing back underneath the covers. Be careful here, very careful.

Unless there are two of them, the biography of Fernando Londe failed to mention his tenure at GBLE or Global 8 Technology which went from .98 to its current price of .03 per share. The sweet deal he has in share allottment will net him a pretty penny. Someone also told me Renee Bronconnier also has an interest in this company and he was the former head of Global 8 Technology along with Fernando Londe. That company is facing action in Canada by the securities regulators.

PRELIMINARY PROXY STATEMENT IN OPPOSITION TO
MANAGEMENT AND THE CURRENT BOARD OF DIRECTORS
FOR 2010 ANNUAL MEETING OF STOCKHOLDERS


THIS PROXY STATEMENT IS A PRELIMINARY COPY
AND IS SUBJECT TO CHANGE UNTIL A DEFINITIVE PROXY STATEMENT HAS BEEN FILED WITH THE SECURITIES EXCHANGE COMMISSION


Milverton Capital Corporation (“Milverton”), the largest single shareholder of Global 8 Environmental Technology, Inc. (the “Company”), Rene Branconnier, Shane Thibault, Fernando Londe, Bernice Church, and Don Dyer (collectively, the “Solicitation Participants”), are soliciting proxies to be used at the Company’s December ___, 2010 annual meeting of stockholders (“Annual Meeting”). Please read and carefully consider the information presented in this proxy statement and vote by completing, dating, signing and returning the enclosed proxy in the enclosed postage-paid envelope.


This proxy statement and the form of proxy will be mailed to certain stockholders on or about November ___, 2010.

This (next segment) is about Rene Bronconnier and his involvement with another OTC company Thermo Tec,

Another reason I don't trust Hansen is his prior involvement with Thermo Tech Technologies Inc., one of the most scurrilous promotions in Vancouver Stock Exchange history.

Under Langley promoter Rene Branconnier, the company misrepresented its affairs, exaggerated its business prospects, associated with disreputable people and companies, engaged in questionable accounting practices, and lost millions of dollars of shareholders' money. Meanwhile, Branconnier paid himself and family members hundreds of thousands of dollars per year in salaries, and reaped millions through various private business deals with the company.
In 1995, VSE officials squeezed Thermo Tech off the exchange and it migrated to the OTC Bulletin Board. Despite the company's abysmal record of corporate governance, Hansen joined as CFO in 1997 and served in that position until 2000. During this period, cumulative losses spiralled to $80.4 million.

So does anyone know if Bronconnier has a stake in this company? I would steer well clear if he does, along with Londe. Even if the company fails, with 30 million shares and the heavy volume he will get rich just selling his stock.

rufus, thought the ASC pulled a CIA and locked you away...what else did they have to say and are they going to pursue these guys or drop it...please answer and then you can buy a fake passport and moustache from me and hide out in my dresser.

are you saying the ASC is going to drop the charges? What did Daniel Choye say exactly about why they feel good about where they are with this and then it seems they are not going to proceed or did I get something wrong here?

in what way? what was shared?

Saw this is now up on the ASC website

http://www.albertasecurities.com/news/Lists/ASC%20News/DispForm.aspx?ID=897&RootFolder=%2Fnews%2FLists%2FASC%20News

I don't know much about American law but I know Canadian law from what I read is quite different. Someone like Conrad Black was tried in the US by a federal court but in Canada, white collar crime is tried by provincial court. I know the regulators have their hands tied by legislation and can hand down some pretty stiff sentences financially but quite often, as in the United States, those penalties are hardly ever collected. In Canada you won't see these types of fraudsters getting jail time unless the police agencies step in and prosecute them for fraud. I went to a lecture a year or two ago at Osgoode in Toronto on punishing white collar crime and it was an eye opener. If you rob a convenience store of $300.00 and get caught and sentenced you likely will do 3-5 years. If you run a ponzi scheme and get caught you might get sentenced to 12 years but the law states you only have to serve one in six so you would be out in 2 years and you could have made off with $300 Million! They actually have a white collar crime law which makes it seem okay to rip people off. Check David Baines column sometime on line-he writes for the Vancouver Sun and he was writing about the white collar crime unit of the Mounties and how they, well, hardly ever get their man. It is an embarrassment and it costs the taxpayer a fortune to run and the local parking meter bylaw officer likely generates a better return for what we pay them! Still all in all Canada does okay compared to many countries when it comes to investors. And don't forget Bernie operated under the noses of the SEC for two decades and they were warned he was running a ponzi scheme and they did nothing about it! They may make headlines in the US when they sentence the bad guys to jail but that still provides little comfort to those they ripped off. The only real deterrent to fraud is not to have a stock market at all. Someone will always risk it and they seldom tell the regulators what they are up to. Just like the police solve crimes after they are committed. Someone, somewhere is handing over money for a bad investment to a bad guy right now. Do you know who that is?

I feel lucky to have gotten out with most of my funds but I will never trade these penny stocks again. I don't know what can happen if the ASC holds a trial for these guys but I doubt they will even show up. I would love to know why Tradeshow did not have their lawyer at the hearing. The lawyer for PBEC was there which makes me think they are writing off Tradeshow and trying to save PBEC. Since the money is all in one pocket for both companies, maybe he should have hired one lawyer for both! I don't know but not having a legal rep there makes me feel weak for the future of the company and those still holding shares in it.

Bobbies, how much research did you do on the company before you invested or did you just use the information provided by Skymark? I should have been more careful but was not and I was able to get out without too much damage but a bit less than what I put in. People I recall complained, as they still are that the regulators got involved at all! I don't know what you guys think the regulators do but a lot of information they act on they get tips or complaints from the public. The OTCBB is not an exchange most regulators even recognise and since the exchange is not in Canada but the United States the Canadians would not be able to do much about TSHO or PBEC except ban the sales of their securities in their backyard. Where is the SEC in all of this? They are ones who are supposed to regulate the markets here not Canada. One thing that bugs me today, and not just in the markets is that it is never the fault of anyone things go wrong but it is somenone elses fault. In your case the ASC got involved and the stock tanked and some blamed them for the fall, you blame them for not doing it sooner. It seems you don't want to take responsibility for what you did. There are thousands and thousands of companies out there and how are they all supposed to be watched? Pretty much an impossible job. Someone likely complained to someone either in Canada or the United States which is how these guys came on the radar. And you asking the bad guys to give money back is ridiculous. A lot of these types of scams are run off shore and in this case it was a Canadian promo company that was hyping a stock to Americans. More often it is a non-North American promo company doing the hyping and you send your money out of country never to be seen again. I stupidly sent money for an oil investment to Panama. One second after I sent my money order for $2K I knew I would never see it again despite the salesman who conned me telling me it was the right move and I would make a lot of money. Take your lumps like a man. If you had done your homework, as I should have done, neither of us would have invested a penny here. So we thought ourselves clever and got burned. Trading penny stocks is the surest way to lose your money. Just ask the people here.

When I talked to them, the asc last year, theydid not come out and say it but the part about the company knowing they should have known the stock was being manipulate seems to imply the company knew about the pump and dump scheme. Who knows. It will all come out either way one day. I figured given the length of time it was going to be dropped. So we have to wait and see what happened on Friday. Been checking and nothing yet today so far about it, maybe that is good news.

my vote is for having it go away. the company was going to fight it earlier but they dropped the case and probably between now and then they got everything together and it was supposed to vanish this week so that is my bet and the regulator has nothing to go on or they would have done something else by now.

lets have a poll

who thinks the cease order will be gone as of today

who thinks it will stay and for how long

Called the Alberta securities people to see if there was any news coming. The guy I talked to said the hearing was held today to decide whether or not the cease trade would be lifted or kept on. He said it will likely be posted either Monday or early next week if a decision was reached today and to watch the website for more information.

how much higher?

Its a bogus report-read the disclaimer. It is a purely speculative report. The company has not begun drilling, no seismic data as they are still getting ready to do the seismic work, and the disclaimer says it all. In a nutshell it states we have no idea as to the real financial state of the company and have not vetted any information provided to them on the company but you will realise a few points. The European analysts have until July 2011 to pump this stock before the company has to report their next financial report at which time there is still likely not to be any firm drill results. They are participating in the pump of this company that is all. They are pulling in investors but that is all. Ray Charles or Stevie Wonder could issue a report like this and be just as accurate. Careful, they are after your money.

Fails to Deliver is a major problem but until the regulators act to move upon the problem, investors essentially are hung out to dry by those very people whose job it is to protect them. It is even worse on the OTCBB which is akin to the wild west and the quickest draw lives to fight another day. I was mainly an analyst and trader for a small boutique firm and never had contact with clients but I could see the nonsense going on and it sickens me to this day. The American markets have become a victim of Greed (capital letter intended) where the population at large seems to think that it is not a crime unless you are caught-the markets are just a reflection of society and the mores society at large seems to accept where the betterment of the few at the expense of the many is okay. Naked shorting according to the regulations currently is not illegal unless it is used to drive the share price down and at that point the authorities are supposed to step in . There are certain levels of naked shorting, acting much as the curbs do in the general market, that are supposed to trigger when fails to deliver occur on a regular basis. I could find them if I looked through my materials but that is neither here nor there. Paper trading is a problem and not just in equities but in the bond and commodities markets as well.

Unless the SEC begins to act in the interest of investors and not for headlines and how it may advance their own personal careers, the problems are here to stay. Of course there always will be those who are willing to risk imprisonment for riches no matter how many rules and regulations you have in place. Pump and dump schemes are just another way to allow the publics pockets to get picked and the requirements for listing on the OTCBB are far different than the NYSE, AMEX or NASDAQ. I read through many posts here right back to last fall trying to get a sense of what was happening here prior to posting and I saw two posts releated to going to the big board-either AMEX or NYSE which means, if you pardon the expression, in short someone is hyping this stock. At this time the worst thing that could happen to this stock is to have it listed on the big board because the share price would simply collapse based upon the speculation and lack of financial disclosure the company has to do at this time trading on the OTCBB. There was another Canadian oil sands company trading on the OTCBB and the big talk was it was going to AMEX and when it did, the share price collapsed. The speculation came to light, investors, particularly institutional investors, saw it for what it was and liquidated their holdings. Then too all we saw was wild forecasts for pricing based upon the amount of oil in the ground. This is likely to suffer the same fate.

No I am not a "tad" short nor short nor long. This particular stock was brought to my attention by a friend who passed along to me the very hyped up promo mailer put out by the company in a mega dollar promotion. Some things you may want to be aware of. Oh, my background is 20 years spent in the securities business as an analyst and many of the stocks we followed were energy, thus, we are somewhat familiar with the way the Canadian regulators work.

If the company had made a significant find (which they haven't, just the potential of one) they would have to file any reserves estimates with the regulators. I could quote chapter and verse but rather than bore you with the details suffice it to say any event which could have a positive or negative impact upon the price of the stock would be required to be filed on SEDAR in Canada or EDGAR in the United States and a quick search will illustrate they have done neither. The last annual report the company filed indicates they have no cash flow or earnings so how one is attaching a value beyond pure speculation is beyond me. The 1.7 trillion barrels of oil may be accurate but even so, the bulk of that is in the Alberta oilsands and is quite a different beast than conventional oil.

In short, the press promo release was based on nothing but pure speculation, and a great deal of TV style advertising where you buy one and get extra gifts tacked on if you buy right away. Many of these promo's contain the same types of messages and supposed experts are in there telling you of incredible gains. There are many publicly traded stocks where the company is producing 15,000 bbls per day and they are trading under $2.00.

The fails to deliver is still an area where the SEC has to crack down as you can tell by the failure to deliver there are big fish looking to eat little fish. Unless the SEC remedies that problem (they should have to locate shares first before allowing a short position to be opened which also helped to drag the economy to its knees when fails to deliver on Lehman Brothers for example drove its share price into the dirt) then you are going to see cases like this where the share price is hyped by a third party who includes a disclaimer almost as long as the hype sheet and the share price rises, those in the know sell into the buying strength and then when all things come to pass and there is no pot of gold, those same traders then open up short positions and rape the stock on the way down. You have to be early, you have to be fast, and the truth is something you will find out later on as you wonder why your stock is now a penny stock again.

So in closing, do want you want if you can afford to lose some or all of it. It is after all your money. Ask yourself one simple question. Why do those hyping the stock give a rats patoutie about you? If you discovered a way to beat the house in Las Vegas would you tell the world or keep the secret to yourself? Generosity does know its bounds. Professionals don't give away their secrets.

guys look at the dates here...the pump started in November the price took off in November...gee a coincidence maybe...hey if you got in early fine but anyone expecting this to have any real earnings, cash flow are going to be waiting a long long time....the hype sheet on this is unbelievable...talk about stretching the facts...the last annual report they filed they had no earnings, no cash flow...if they have discovered oil and are producing and selling they would have to file that with the SEC and in Canada and I can find no reports about any income on SEDAR in Canada and their last annual report they were still a mining company. This is all about hype and pumping. The company is months away from getting drill results and months away from pumping, tieing in pipe and transport. Some of you here are going to get badly burned here. Most of the oil referred to in that hype sheet is in the oilsands not where these guys are drilling as this is conventional oil not heavy oil. There are companies producing right now with nowhere near the share price because as a publicly traded company in Canada if they put out hype like these guys just did the regulators would be all over them and since the OTCBB is outside of Canada there is not much the regulators there can do except stop some Canadians from investing and that may slow the sales down some....guys getting in at these levels should be getting ready to hear the ice begin to crack under their feet...I would start thinking about getting off the ice. This is a pure BS play.