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You're thinking logically. Search legal proceedings, past and present for the various entities.
http://the-cold-truth.blogspot.com/2009/11/yorkville-possible-subject-of-sec.html
Yorkville Possible Subject of SEC Investigation
http://www.sec.gov/litigation/aljdec/2010/id407cff.pdf
SEC/Cobalis case: Cobalis argues that it should not be penalized for failing to file the periodic reports, stating that it has been the victim of a nefarious creditor and stockholder, YA Global Investments, LP (f/k/a Cornell Capital Partners LP), and related entities (collectively, YA Global). Cobalis states that YA Global has forced it into bankruptcy, such that it will be unable to raise capital, through dubious financial maneuvers and isrepresentations, in part intended to drive Cobalis’s stock price to zero and to enable YA Global to steal Cobalis’s intellectual property.
Forcing Cobalis into bankruptcy was one of YA Global’s several iniquitous actions, including manipulative short sales by which YA Global profited, as well as other tactics employed to steal Cobalis’s intellectual property.
Judge: Yea, but how do you prove it?
Decision: This Initial Decision revokes the registration of the registered securities of Cobalis Corp. (Cobalis).
Let her know the bottom line.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57029533
Assume the Lotus position (a couple of beers might help), go to the company's site, listen to the trance music and chant news, news, news. It might help.
http://www.jxssyy.com/index.asp
they are in Maryland AND Delaware
and California.
http://kepler.sos.ca.gov/cbs.aspx
Competitive Power Ventures, Inc. was incorporated on Wednesday, March 19, 2008 in the State of CA and is currently active.
It looks as if Cornell Capital Partners/Yorkville Advisors LLC/YA Global was about to be hosed for approx $5 million. Poor babies. Renewal Fuels is broke. So why not orchestrate a scam? It would only hurt a few hundred (?) penny stock investors.
See Renewal Fuels, Inc.
10-Q September 30, 2008
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6252734
This secured convertible indebtedness of Montgomery and YA Global (collectively, “Lenders”) had an aggregate principal balance, as of April 21, 2008, of approximately $4,249,720, and aggregate accrued unpaid interest of approximately $562,920.
Pursuant to the Agreement, the Company gave formal written notice to the Lenders of events constituting defaults under the notes and other documents evidencing and securing the Indebtedness (the “Loan Documents”), that are continuing, including the Company’s failure to repay a portion of the indebtedness that had matured.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57003792
Anatomy of a scam.
He missed two Mondays ago too. Nice gig or maybe there's nothing to analyze?
What a horror show.
I wouldn't mind a few loose hairs on the hood, but get that stiletto off the windshield!
Anatomy of a scam.
Drumroll. The pump begins. Note uptick in vol Nov 16th (chart below).
> Tuesday, November 16, 2010 5:58:15 PM
jengrey86
A source revealed to me today that Renewal Fuels has groundbreaking news on the horizon. I will not answer many questions, except to say that the time frame is short. One week from today, I expect to see this stock many multiples above this point. I highly encourage you to buy at these levels, as I did today, and I cannot stress enough the magnitude of this news without revealing further details.
Certainly many of you will doubt, as would be expected. But for those of you doubting, I'd stay tuned to see if I am a woman of my word.
> Friday, November 19, 2010 3:07:11 PM
jengrey86
RNWF - REVERSE MERGER NEWS
LINK: CPV and Renewal Fuels Agreement and Plan of Reorganization
There you go. Now rally the troops and set off the fireworks.
Excerpt:
It is proposed that CPV shall commence an offer (the “Offer”) to acquire Renewal Fuels at the equivalent price of $0.12 per Company Share, net to the holder thereof in cash or in shares from the subsequent IPO from CPV, all upon the terms and conditions set forth within.
Weekend: Agreement vanishes from internet. Fortunately a poster(s) saves it.
Mon Nov-22-2010 9:30 AM
Timberrrrrrrrrrrrrrrrrrr
[Feel free to add any pertinent information.]
Were any LAWS really broken here?
Stunning question.
I would ask Wachtell, Lipton, Rosen, and Katz how they feel about someone using their firm's name to commit fraud. Or is it corporate impersonation? Or defamation? As LAWYERS, they would have the answers.
http://www.wlrk.com/
Same question to Competitive Power Ventures, Inc. Robert Burke, General Counsel, undoubtedly knows that there is equity in a firm's good name. Any illegal act that infringes upon it is worthy of prosecution.
http://www.cpv.com/management_team.php
Let's leave Renewal Fuels, Inc. out of it because, judging from their history, they don't have the wherewithal to prosecute anything.
Look at "simple" matters such as trademark infringement. Legitimate companies release the hounds to go after the actors.
Laws broken? Prosecute or let it slide? Decisions, decisions.
IMO
SEC only halts pinks before the trading day begins
Not true. BOCX was suspended at 3:00 p.m. one fateful afternoon. Resumed trading after proving the claims in the PR.
Apr-08-2004, 03:13 PM Trading suspended.
Apr-23-2004 (Resumed trading) 1.27
April 25th: BioCurex Reaffirms the Accuracy of Its Serum-RECAF Results on Lung Cancer
Ask for Robert Burke, General Counsel? If he's not aware that his company name is being used for possible fraud, then he should be made aware of it.
http://www.cpv.com/management_team.php
Acid test just released.
If it can help this basket case, it can help any stock.
Hop-on, Inc. Obtains “Current Information” Status on Pink Sheets Exchange
http://www.otcmarkets.com/stock/HPNN/quote
You're right. Hiccup? Works now.
No, not fake. That was how it was designed before to include Ameta. All options open? Modular assets. Modular site.
It's history.
http://www.videointernationalcorp.com/new/index/php
Not Found
Adiós Ameta?
Buyers for TCU and ASCC? Welcome, Hydro?
Enuf! Your posts, including the sticky, are somewhat boggling because, unlike me, you've been following RNWF for quite awhile.
A billion dollar company can buy RNWF for 7.8 million...The name is worth something, the shell is worth something, as it makes a perfect fir for this company.imo
You continually characterize Renewals Fuels, Inc. (RNWF) as an empty shell when, in fact, it has considerable assets, IMO. No company is going to pay $7M+/.12 per share for a shell.
The key to understanding RNWF, IMO, is Green Fuels America, Inc. (NV SoS/private company). This is James Hygate's baby and although I haven't seen the docs on the Delaware SoS site, I'll gentleman's bet you his name is on the Renewal Fuels, Inc. docs.
http://www.greenfuelsamerica.com/
Green Fuels has its corporate headquarters in Gloucestershire, England (UK). In 2009, Green Fuels America Inc, a wholly owned subsidiary, was established in Sparks, Nevada (USA). Sales into Europe, Asia, Middle East and Africa are handled from the UK office and sales into North, Central, and South America are handled from the US office.
Our flagship FuelMatic biodiesel processor, with a capacity of 20,000 litres (5,000 US gallons) per day,
Green Fuels' early history focused on personal scale (home and small business) biodiesel processors. It remains the world leader in the small scale market with an installed base of approximately 7,000 FuelPod and FuelMeister (www.myfuelpod.com). The company continues to market its award-winning personal biodiesel product line from both its UK and US offices. In the US sales are mainly through a network of 20 dealers.
fuelmeister.com
Registrant Contact:
Green Fuels Ltd.
James Hygate
Green Fuels House
Unit 21 Oldends Industrial Estate
Stonehouse, Gloucestershire GL10 3RQ
GB
http://www.fuelmeister.com/home/home.asp
http://myfuelpod.com/home/home.asp
See BizWeek profile:
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=RNWF:US
Renewal Fuels, Inc. engages in designing, developing, manufacturing, and marketing biodiesel processing equipment and accessories in the United States. It offers FuelMeister line of biodiesel processors, which allow users to convert waste vegetable oil into biodiesel. The company, thorough its subsidiaries, also develops BiodieselMaster, a community-scale biodiesel processing plant for customers, including small communities, farms, farm co-ops, and trucking fleets, as well as engages in growing cellulosic feedstock for the biofuels industry. It sells and distributes its products through a network of dealers and third party sales associates, as well as directly through its Website at www.fuelmeister.com. The company is based in Milwaukee, Wisconsin.
So Renewal Fuels, Inc. is the public arm of Green Fuels.
Both the industrial and smaller-scale product lines are timely (understatement). Make your own fuel??? What fleet or company wouldn't consider this?
FuelMaker
Continuous production of up to 2000 gallons of biodiesel per day
FuelMatic
Continuous production of 5000 gallons of biodiesel per day
FuelSonic
Continuous production of 12,500 gallons of biodiesel per day
Make your own BioDiesel.
No idea if there are patents involved, but I can see why Renewal Fuels could be extremely attractive to a buyer. Huge DIY market for fuel.
As mentioned, my eyes popped when I saw that ITOCHU is involved with CPV. ITOCHU is an enormous ($51.6 billion) Japanese trading firm and they are very careful, very patient (months, years) and define the term DD.
GLTA
From an SEC doc:
Mark A. Uram
11223 Cameron Parkway
Orland Park, IL 60467
(312) 342-0782
I emailed him Fri; not surprised I didn't get a reply. Then again, he may still be sweating through a few miles if he's the same Mark Uram (Ironman competitions).
TY for the straight answer, helpful to know the context, but it still doesn't answer my question: Was there any comment from IR or the company, publicly or privately (email, phone, etc.) back in May about the rumored R/M. Did they deny it or say it's on the table, etc.?
You're right ... the rumor was simply one paragraph ... which is a lot different than seeing a 17-pg buttoned-up document with the name of a highly respected law firm attached, Wachtell, Lipton, Rosen, and Katz.
http://www.wlrk.com/
The time lapse from May doesn't bother me at all. The main reason is that my eyes popped when I saw that ITOCHU is involved with CPV. ITOCHU is an enormous ($51.6 billion) Japanese trading firm and they are very careful, very patient (months, years) and define the term DD.
IMO
Was there any comment, publicly or privately, from IR or the company the last time the doc was leaked? Was it the same doc with a different date? Any details appreciated.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50590086
RNWF R/M NEWS LEAK
I don't doubt that there has been a steady drumbeat of shorts driving RNWF down; endemic in the Pinks. However, those shorts have been covered and are a non-issue. The question is the open-short position. Another big however: Serious observers say that the MM's and block shorters have figured out ways to keep a stock off the Reg SHO/Rule 3210 List via ex-clearing and other ways. Who knows, but I would like to know.
Sources:
www.sec.gov/foia/docs/failsdata.htm
Fails-to-Deliver for Oct 2010: 1,573,843
www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold
Reg SHO/Rule 3210 List: No
otcbb.com/asp/OTCE_Short_Interest.asp
Latest Short Interest: 750,741
MM's were shorting like crazy on Fri to keep up with demand, which probably accounts for the T-Trade vol.
regsho.finra.org/regsho-Index.html
Thurs 20101118|RNWF|117359|1919462|O 6.1%
Fri 20101119|RNWF|55409560|128155030|O 43.2%
Also, if you're ambitious and want to download some large files, data might be interesting:
FINRA Monthly Short Sale Transaction Files
http://www.finra.org/Industry/Compliance/MarketTransparency/TRF/RegulationSHO/
It's also good to see that PS has stepped up their game with a better format and more info. Not sure if there is a data lag. I tend to go to the primary sources above.
http://www.otcmarkets.com/stock/RNWF/short-sales
GL
Re: Shorts
Did you know that the market makers still have hundred of millions of shorted shares of this stock?
How did you come to that conclusion? Not taking issue with the possibility, but all avail numbers are significantly less.
Fails-to-Deliver for Oct 2010: 1,573,843
Reg SHO/Rule 3210 List: No
Latest Short Interest: 750,741
MM's were shorting like crazy on Fri to keep up with demand, which probably accounts for the T-Trade vol.
Thurs 20101118|RNWF|117359|1919462|O 6.1%
Fri 20101119|RNWF|55409560|128155030|O 43.2%
GL
That info has whiskers.
Tech Laboratories, Inc. is out of the picture and Renewal Fuels, Inc. has a lot more going for it currently.
less than 8 blocks from my house
Any idea what's going on at 1818 N Farwell Avenue? Looks industrial, maybe a mix. Any observations, thanks.
http://www.manta.com/c/mmb5jl7/renewal-fuels-inc
I'm still not convinced that the R/M is real, but I'm convinced that the company exists and that there's a lot more to this story.
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=RNWF:US
Renewal Fuels, Inc. engages in designing, developing, manufacturing, and marketing biodiesel processing equipment and accessories in the United States. It offers FuelMeister line of biodiesel processors, which allow users to convert waste vegetable oil into biodiesel.
If you can peer over the wall (?) and see a few of these gizmos (or boxes, evidence, etc.), we may be in business. If these things work, the oil companies may have a collective heart attack.
http://www.fuelmeister.com/home/home.asp
http://myfuelpod.com/home/home.asp
Make your own BioDiesel.
No idea if there are patents involved, but I can see why Renewal Fuels could be extremely attractive to a buyer. Huge DIY market for fuel.
What else. The mishmash of company names and relationships needs to be explained in detail.
shaftyjr: Can anyone comment on why the sec EDGAR system has John W King as the CEO and CFO but the document says Donald Jackson as CFO?
http://www.linkedin.com/in/johnkinggenesis
John King left Renewal Fuels in 2008.
GLTA
Hmmm, earlier I emailed IR at the address on the co. site and PS.
ir@rfuelcorp.com
http://www.rfuelcorp.com/index.php/Investor-Relations.html
http://www.otcmarkets.com/stock/RNWF/company-info
Reply:
From: "Bill VanVliet" <wvanvliet@rfuelcorp.com>
Saturday, November 20, 2010 2:36 AM
Wrong company. We are not a trading company yet, just filed our S1 last week. Check the SEC for the company you are looking for.
Re: Renewal Fuels, Inc [RNWF] reverse merger
Can you confirm or comment on the following document?
http://www.docstoc.com/docs/62567840/CPV-and-Renewal-Fuels-Agreement-and-Plan-of-Reorganization
Agreement and Plan of Reorganization
Thank you!
Wouldn't this be a conflict of interest?
Sorta in line with our conversation, here's a common-sense argument against the usual financial-industry think, its illogical rationalization of separating investors from their money.
http://www.nytimes.com/2010/11/20/your-money/20money.html?hp
Dear S.E.C., Please Make Brokers Accountable
The S.E.C. is considering making stock and insurance brokers put their customers’ interests first.
What do they need millions in capital for?
To pay debt?
Viking, looks like you've been following RNWF for awhile. Would you update or amend anything to your post? Excellent bkgrnd.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50334278
This company has rumors circulating about a possible reverse merger and upto a 46.3% debt settlement deal by a Texas green energy private company.
Per SEC docs, last documented A/S was 3B. Also, the O/S figures don't exactly track. Any confirmation with the TA?
10-Q filed on November 14, 2008, as of September 30, 2008, the company had 38,775,518 common Shares issued and outstanding
PS: Shares Outstanding 35,508,851 a/o Aug 13, 2008
BTW, I emailed Ironman Mark as well as IR, but I really don't expect any replies.
What else. Looks like this rumor may have crashed the Delaware SoS server. WTG, iHub!
https://sos-res.state.de.us/
Congrats, but I don't think it's MMMG.
RNWF
Day's Range
0.0005 - 0.0025
O/S and float?
And one other sentence.
COUV is awaiting management decision re: buyout of Tactician.
Nice to see the hat trick. It looks as if they put some effort into rethinking, redesigning the cheapo, template site.
http://videointernationalcorp.com/new/index.php
Friday Tips_November 19, 2010
VCTY
November 15: Videolocity International, Inc. (VCTY) management announced that the company has ceased its application for a name change to Odessa Corporation, and will remain Videolocity International, Inc., with the symbol VCTY. In light of recent developments, namely, the merger with Ameta and the possibility of vending out subsidiaries Tactician University (TCU) and Avtar Singh Construction Co (ASCC), VCTY decided to rescind the name change. As previously announced, VCTY is considering proposals for TCU and ASCC on an all-cash basis to reduce its current outstanding share structure. For TCU, the purchaser is in the process of completing its due diligence, while currently for ASCC all options remain open. For more information on Ameta, visit http://videointernationalcorp.com/new/ameta.php.
Q: Is the Hydro Merger dead or still on the table?
A: Maybe! Can't give you any update other than what company put out as PR.
Q: What is the status of the Adequate Disclosure? Will this bring VCTY's status on Pink Sheets from Limited Information to Current Information?
A: This is being proofread and signed off by Directors. Filing shortly.
Conflict of interest? You bet!!!
So the public competes with Nite while they're buying for their own account.. so if someone that uses Nite as a MM wants to buy an order and like we've seen: does not get filled even when buying at the ask, only for it to drop.
Wouldn't this be a conflict of interest?
NITE and the other MM's are SUPPOSED to fill orders per their bona-fide market making mandate. In practice, they can and do anything they want; report our buys at the Ask as sells, or not even report them until T time (after-hour T trades).
It's difficult to prove but since additional scrutiny by the SEC/FINRA, the MM's and block shorters seem to have stepped up their shorting game in order to maintain their rev's.
IMO
The opinion will probably read as Attorney Letter with Respect to Current Information, which pretty much explains it ... legal verification of corp and docs. See a couple of letters just released for other companies.
http://www.otcmarkets.com/pink-sheets/home
fair and orderly market?
Guess who we're competing with? Check out NITE's mandatory description of business practices to FINRA - #4 Trading securities for own account.
WHY is this legal?
SEC: Bona-fide market making does NOT include activity that is related to speculative selling strategies or investment purposes of the broker-dealer or that is disproportionate to the usual market making patterns or practices of the broker-dealer in that security.
I see these posted each day and have no idea what I am looking at, can someone please explain?
You're not alone. Worse, there is a lot of (purposeful?) confusion thrown at the numbers. It's your money, your investment. Why not get into the weeds and learn the difference between the factors that affect your investment? Find the bulletproof sources - SEC, FINRA and others - and go step by step through the learning curve?
> Regulation SHO Daily Short Sale Volume
> Short Interest
> Regulation SHO Threshold / Rule 3210 List
> Fails-to-Deliver Data
IMHO
Why not look at the balance sheet? Debt is minimal!
Tactician U. Q3 2010: $274,047
Avtar Singh Construction Co. (Too new to make the Q3):
Current Liabilities and Provisions
2009 43,578,404.56 INR = 983,792.59 USD
Yes, your question makes sense.
Simple questions lead to some surprisingly complex answers and I hope you keep asking them even if no one has all the answers.
MM's can sell (short) at the Ask and buy (cover) at the Bid allllL day long with or without you and me (retail investors) buying or selling. Again, retail can be totally out of the loop.
It's commonly acknowledged that NITE and ETMM frequently work together.
This is a boggler because, on the face of it, it's supposed to be illegal.
SEC: Bona-fide market making does NOT include activity that is related to speculative selling strategies or investment purposes of the broker-dealer or that is disproportionate to the usual market making patterns or practices of the broker-dealer in that security.
The SEC and FINRA go on to say a few more interesting things:
Feb. 26, 2010_Amendments to Regulation SHO_34-61595
Although short selling serves useful market purposes, it also may be used to drive down the price of a security or as a tool to accelerate a declining market in a security. In addition, short selling may be used to illegally manipulate stock prices.
In a FINRA doc, twenty types of suspicious activity are identified, including market manipulation, money laundering/structuring, prearranged or other non-competitive trading, securities fraud, wash or other fictitious trading ...
IMO
Weeks? You mean yesterday.
VCTY is in merger discussions with Ameta International Co. Ltd. a profitable technology sales company with $3 million USD annual revenues 7:34 AM Nov 16th via web
Are we so spoiled that we need attention constantly? Hmmm, guess so.
Curious if you kept an eye on the FTD's, particularly during the first half of Oct. I ran through them quickly but didn't total them. Fairly significant.
http://www.sec.gov/foia/docs/failsdata.htm
Fails to Deliver
That said, TITL isn't currently on the Reg SHO/Rule 3210 list, which means that those nekkid shares have been covered.
http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold
Wondering if there's a way for the MM's or block shorters to naked short and avoid the Reg SHO/Rule 3210 list (ex-clearing comes to mind, but who knows).
Watching.
GL
You can't get enuff of this stuff.
http://www.investopedia.com/university/
For some reason, he wants you go to The Basics Of Outstanding Shares And The Float
http://www.investopedia.com/articles/basics/03/030703.asp
However, Investopedia is a little weak on Crooks 101. Even the SEC can't keep up, but they're trying harder.