Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
some DD on CAMS
President:
Alex Ipanag
They are an independent crude oil and natural gas exploration and production company that seeks to acquire and develop economically attractive and geologically sound properties that have significant upside development and revenue potential.
Cambrian specializes in well re-entry projects where proven reserves exist; this strategy eliminates the time and risks of drilling new wells with unknown potential. Profitable quantities of oil (unreachable in the past) can now be recovered due to new advances in technology.
Cambrian Systems Corp.
710 East Main Street
Lexington, Kentucky 40502
United States
Tel: 859-629-6114
Fax: 859-977-9766
Projects:
KENTUCKY PARTNERSHIP PROPERTIES
In the Fort Worth Basin in Kentucky, their development strategy is to invest in proven producing wells, new developmental wells, and highly predictable reworks, thereby diversifying exploration and development expenditures with the intent to maximize returns and minimize risk.
You would think that the guys who smelled a rat would be willing to corporate with authorities. Not so.
http://www.businessinsider.com/sec-subpoenas-deloitte-touche-over-longtop-financial-fraud-2011-9
No proof = LGFTY going up, lions!!!
LGFTY NEWS
SEC Files Subpoena Enforcement Action Against Deloitte & Touche in Shanghai
http://www.sec.gov/news/press/2011/2011-180.htm
FOR IMMEDIATE RELEASE
2011-180
Washington, D.C., Sept. 8, 2011 – The Securities and Exchange Commission today filed a subpoena enforcement action against Deloitte Touche Tohmatsu CPA Ltd. for failing to produce documents related to the SEC’s investigation into possible fraud by the Shanghai-based public accounting firm’s longtime client Longtop Financial Technologies Limited.
Additional Materials
SEC court filing
According to the SEC’s application and supporting papers filed in U.S. District Court for the District of Columbia, the SEC issued a subpoena on May 27, 2011, and D&T Shanghai was required to produce documents by July 8, 2011. Although D&T Shanghai is in possession of vast amounts of documents responsive to the subpoena, it has not produced any documents to the SEC to date. As a result, the Commission is unable to gain access to information that is critical to an investigation that has been authorized for the protection of public investors.
“Compliance with an SEC subpoena is not an option, it is a legal obligation,” said Robert Khuzami, Director of the SEC’s Division of Enforcement. “The ability of the SEC to conduct swift and thorough investigations requires that subpoena recipients promptly comply with that legal obligation. Subpoena recipients who refuse to comply should expect serious legal consequences.”
According to the court papers, D&T Shanghai was Longtop’s auditor since at least 2007, and the firm consented that its audit reports for Longtop could be filed annually with the SEC while knowing full well that they would be relied upon by U.S. investors. On May 22, D&T Shanghai resigned as Longtop’s auditor after discovering numerous improprieties during an audit for the year ended March 31, 2011. In its resignation letter, which was included in a Form 6-K furnished by Longtop on May 23, D&T Shanghai identified numerous indicia of financial fraud at Longtop and indicated that D&T Shanghai’s prior year audit reports for Longtop could no longer be relied upon by investors.
As part of the Longtop investigation, the SEC staff issued and served the subpoena on D&T Shanghai seeking production of documents related to the incomplete audit of Longtop for the year ended March 31 as well as prior year audits that D&T Shanghai completed. According to the court papers, these documents may reveal information about D&T Shanghai’s discovery of false financial records at Longtop, how any fraud schemes at Longtop were able to continue undetected, and basic information necessary to ferret out whether there was a fraud, who was behind it, how significant it was, and how it was conducted.
The SEC’s court papers note that Longtop is a foreign private issuer whose American depositary shares (ADSs) traded on the NYSE from the date of its initial public offering in October 2007 until May 17, 2011, when the NYSE halted trading prior to delisting Longtop’s securities in August 2011. When trading was halted, Longtop’s ADSs were priced at $18.93 per share with 57 million shares outstanding, resulting in a market capitalization of approximately $1.08 billion.
Pursuant to its application filed in court, the SEC is seeking a court order directing D&T Shanghai to show cause why the court should not enter an order requiring D&T Shanghai to produce documents responsive to the subpoena.
# # #
For more information about this enforcement action, contact:
Lisa Deitch
Assistant Director, SEC Division of Enforcement
202-551-4999
PVRE - MORE DD ABOUT THE CHANGE IN CONTROL
Info on Howard J Hayes
President/ CEO at White Brilliance, Inc.
Consumer Services industry
February 2008 – Present (3 years 7 months)
Manufacture and sell FDA approved teeth whitening systems to Medical Spas, Spas, Hotel Resort Spas, and the Tanning Industry.
Senior Loan Officer/ Broker at The Sterling Financial Group
Financial Services industry
March 2005 – October 2007 (2 years 8 months)
Broker for Residential, Commercial, Land and Private Lending.
The White Brilliance™ 30 minute system is revolutionizing the current teeth whitening marketplace! You now have the ability to cosmetically enhance the whiteness of your teeth, within a matter of minutes. Finally there is no need to set lengthy dental appointments, no need to use home self whitening strips that hardly work, and no messy trays and expensive gel kits that take weeks before seeing results, and the cost is less than half of what you would expect to pay at a dental office to achieve the same results!
White Brilliance™ is available at finer Salons, Day-Spas, Hotel-Resorts, and other business that offer cosmetic enhancements.
http://www.white-brilliance.com/
http://www.linkedin.com/in/whitebrilliance
I can't find too much info on Helen M. Hayes and Michelle Stewart though. Any DD on these two people is much appreciated!!
Only thing I found on Helen Hayes is the address in the 8K-filing:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8115733
Helen Hayes
459 Jolina Way
Encinitas, CA
92024
Ms. Helen M. Hayes, age75, began her career in 1954 in Lansing, Mi. with the Pacific Bell and AT&T telephone companies. Her carrier expanded over 35 years and included her direct involvement with upper management. Her duties included, but were not limited to, development and training of telephone operators, review and observation of up to 25 employee’s monthly performances. Ms. Hayes has been retired since 2007.
PVRE - more DD about the change in control
Info on Howard J Hayes
President/ CEO at White Brilliance, Inc.
Consumer Services industry
February 2008 – Present (3 years 7 months)
Manufacture and sell FDA approved teeth whitening systems to Medical Spas, Spas, Hotel Resort Spas, and the Tanning Industry.
Senior Loan Officer/ Broker at The Sterling Financial Group
Financial Services industry
March 2005 – October 2007 (2 years 8 months)
Broker for Residential, Commercial, Land and Private Lending.
The White Brilliance™ 30 minute system is revolutionizing the current teeth whitening marketplace! You now have the ability to cosmetically enhance the whiteness of your teeth, within a matter of minutes. Finally there is no need to set lengthy dental appointments, no need to use home self whitening strips that hardly work, and no messy trays and expensive gel kits that take weeks before seeing results, and the cost is less than half of what you would expect to pay at a dental office to achieve the same results!
White Brilliance™ is available at finer Salons, Day-Spas, Hotel-Resorts, and other business that offer cosmetic enhancements.
http://www.white-brilliance.com/
http://www.linkedin.com/in/whitebrilliance
I can't find too much info on Helen M. Hayes and Michelle Stewart though. Any DD on these two people is much appreciated!!
Only thing I found on Helen Hayes is the address in the 8K-filing:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8115733
Helen Hayes
459 Jolina Way
Encinitas, CA
92024
Ms. Helen M. Hayes, age75, began her career in 1954 in Lansing, Mi. with the Pacific Bell and AT&T telephone companies. Her carrier expanded over 35 years and included her direct involvement with upper management. Her duties included, but were not limited to, development and training of telephone operators, review and observation of up to 25 employee’s monthly performances. Ms. Hayes has been retired since 2007.
LGFTY : CASH VALUE OF 7.35
O/S: 57,074,036
$420,000,000 in cash
420 mill divided by 57 mill gives 7.35 share price
Taken from the conference call, April 28, 2011
Minute 17:00 - 18:47
"Let me update you on a few other matters. We remain very confident , we will meet or exceed the Q4 2011 company guidance for revenue of $62.7 Million dollars and adjusted EPS of .47 .
A number of investors have asked, "How many shares from the FIFTY MILLION dollar buyback, we have bought back, - and it is our policy to update investors on a quarterly basis which i will do now. We have NOT been able to repurchase any shares since the March announcement, because very shortly after announcing - we revised that the company had new information that was potentially material in a POSITIVE way for the company, and we should refrain from purchasing our own stock so as to avoid the possibility of insider trading.
Once our window opens, our board has authorized an ADDITIONAL FIFTY MILLION to buy back shares, taking the total buyback to ONE HUNDRED MILLION. The company also shortened the buyback period to ONE YEAR. The whole program will expire on May 1, 2012. I will ask for investor patience, as we will aggressivly defend our stock once the window opens and we feel the time is right. We would also like to tell our investors that as of the end of March, 2011 we had over $420,000,000 in cash and NO DEBT
http://webcastingplayer.corporate-ir.net/player/playerHOST.aspx?c=215940&EventId=4002104&StreamId=1676086&TIK={71e59af1-1f08-477a-8013-34244152841a}&RGS=3&IndexId=
IDCX book value and float
O/s= 50,000,139
48,140,641 shares are in strong hands (see lines below from the filing)
That means ONLY 1,859,498 shares are in the public float!
Guang Zhao 28,954,026
Joseph Meuse
360 Main Street
PO Box 393
Washington, Virginia 22747 1,635,093
Tsoi Tik Man Rm 1903, 19/F, Hing Yip COMM Centre, No. 272 Des Voeux Rd, Central, Hong Kong 2,575,302
Advanced Dragon Investments Limited
Quastisky Building, P.O. Box 4389
Road Town, Tortola
British Virgin Islands 9,984,147
Glory Come Holdings Limited Room 801-802, Lee Kar Building 4 Carnarvon Road, Tsimshatsui Kowloon, Hong Kong 4,992,073
Book value based on assets and liabs is .1629
Conclusion: IDCX is wayyyy undervalued here at .026 and has multibagger potential once one of the former presidents are done selling their shares (must be the 1,635,093 number from above OR the 2,575,302)
more info on Tom Gaffney:
You're welcome, $treet Trader
Tom has been in the merger and acquisition business since 1985 when he co-founded The Anderson Group with Barry Shapiro.[url][/url][tag]insert-text-here[/tag]
Prior to Anderson , Tom founded and served as Chairman of The Oxford Investment Group, Inc., a Bloo... Have you been looking for information on Thomas Gaffney? Lead411 provides data on him which include twitter, linkedin url, and biography. There are also The Anderson Group email addresses within the @andersongroup.biz profile so Thomas Gaffney's email could be included. Thomas Gaffney is part of the The Anderson Group which has its main offices in Bloomfield Hills, MI. He currently holds the post of Partner/Co-Founder. The Anderson Group's CEO is Grant Beard. You can find the company data on Lead411 under the Other Investment Firms industry.
http://www.lead411.com/Thomas_Gaffney_3132585.html
The Anderson Group, Inc
Tom Gaffney's name is found everywhere on this page:
http://andersongroup.biz/modules/cms/pages.phtml?pageid=1179
for example:
Website: www.hastingsmfg.com
The Anderson Group Partner: Tom Gaffney
La Bella Sausage, LLC, is Florida’s premier manufacturer of fresh and fresh-frozen private-label sausage products. Founded in 1992 by George Kurppe, La Bella has grown into an integrated sausage processing and distribution company that is the dominant player in the Florida fresh and frozen sausage market.
The Anderson Group Partner: Tom Gaffney
PVRE Current Share Structure
Livingtheday1, I called Olde Monmouth Stock Transfer today and they gave me the following share structure on PVRE:
A/S = 500 mil
o/S = 192 mil (only 2 mil more than the 190 mil on March 31, 2011)
float = N/A
CEO of RNTL (Gary Fioretti) = CEO of PMC Mortgage
http://amresservicesgroup.com/?pg=management
Gary Fioretti - Chief Executive Officer
Mr. Fioretti is a seasoned mortgage and real estate professional with over 17 years progressive experience in directing large scale, multi-office businesses with national distribution channels.
In 1993, Mr. Fioretti founded PMC Mortgage an Indiana-based mortgage brokerage. Under his dynamic leadership and superior business acumen, Mr. Fioretti was successful in transforming the company over a six year period into a national mortgage banking platform, funding in excess of $1 Billion annually in direct retail mortgage originations, while providing overall risk management for a $125 Million warehouse facility. By the fifth year of operation, PMC had grown organically to 28 retail office locations in 13 states, and was recognized as Indiana's largest privately held mortgage originator. Mr. Fioretti has extensive experience in price modeling, underwriting and secondary mortgage market delivery channels.
http://amresservicesgroup.com/?pg=ir
Click on the bottom of the page (on the 'itsallbull', on the left hand side) and then a new window opens where you can find more info on RNTL
General Motors
Some more DD:
http://www.desconnect.net/docs/GTI_Microphonics.pdf
http://www.gmdesolutions.com/deals/index.php?s=264
The Microphonics Automotive Diagnostic System can be ordered at GMDEsolutions.com (price $546.00).
GMDESOLUTIONS = your ONE SOURCE for General Motors service.
As you can see, the Microphonics Automotive Diagnostic System is now one of the SECOND QUARTER OF 2011 PROMOTIONS/DEALS on the GMDESOLUTIONS.com website.
http://gtiworldwide.com/uploads/GTI_web_Microphonics_spec.pdf
Microphonics© is a registered brand provided by Gayle Technologies World Wide.
Jan./Feb 2010 Article with Jimmy Gayle
Across the State
Sound Check
By Donnie Snow Jan./Feb. 2010
Tags: Across the StateCarGate Ultrasound Leak Detection SystemDavidson CountyGayle TechnologiesJimmy GayleNashvillerestrictor plateTechnology
A technology developed to slow down race cars may prove a fast track to green for the auto industry
Nashville may yet turn Detroit all-acoustic. No, this isn't another story about a rock or soul star restarting a flagging career with a country music release. Rather this little ditty is about Jimmy Gayle and a potential acoustical retooling of automakers' quality control process.
Gayle's ultrasonic technology has already helped put the brakes on mechanics and drivers bent on outwitting the NASCAR-mandated restrictor plates used to slow the cars down to a safer speed. This same ultrasonic technology is also the foundation of Gayle Technologies' CarGate Ultrasound Leak Detection System.
The application of the technology, essentially a rectangular mechanical gate built to scan vehicles on the assembly line for leaks, was initially used to help NASCAR police its speed limit. The technology caught the attention of commercial automakers as a means to improve quality control cost. Even better -- and news to Gayle -- the innovation turns out to be rather green in its environmental impact.
The ultrasonic system utilizes sound and air to find holes in a presumably airtight vehicle. Currently, automakers use another element to do this–water.
"That system uses a staggering amount of electricity to operate the pumps," Gayle says, and the auto industry uses upwards of a billion gallons of water in the process. Gayle's system may turn out to be a boon for the auto industry: a rare cost saver with built-in green appeal for environmentalists.
A patent for this technology was registered by a former Gayle employee for Brentwood-based competitor QuadraScan (QST). QST and GTI sued each other on several infringement claims more than five years ago. The court, despite deciding some claims relating to specific facts in the patent, ultimately allowed the companies to mediate the matter in December 2008. Due to pending mediation, GTI declined comment on either the lawsuit or mediation. Nevertheless, the same year they agreed to mediation, Gayle Technologies won Automotive Testing Technology's Innovation of the Year prize for CarGate.
The most intriguing innovation of the CarGate package may not have anything to do with cars. In addition to the commercial and specialized automotive applications of the CarGate system as a whole, its software, Gayle explains, already used by NASCAR to adjust the cars while driving, can also be used for real-time structural analysis and adjustment of airplanes. Essentially, Gayle says the system enables a ground technician to evaluate the mechanical workings of an airplane and make adjustments.
"We actually do to the race cars what we do to the airplanes," he says. "We literally dial it into its most functional state." (Gayle adds that such technology could also prove extremely beneficial onboard military drone aircraft, an as yet unexplored application.)
The breadth of possible applications surprises even Gayle himself.
"We started this back in 1995 in Talladega to help slow down the cars, but we seem to have stumbled onto a lot of things all at one time."
http://businesstn.com/content/201001/sound-check