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The return policy is not much better: http://www.voltsolarproducts.com/Service/ReturnAndRefund
"We're sorry, but we DO NOT ACCEPT returns of certain products, including: Any product that has been opened or used (taken out of its plastic wrap or box)." - LOL - Don't open it before you want to return it!!
Yes, it says VOLT on the top. - The Volt is a left over product (http://www.slashgear.com/gslo-expects-first-volt-solar-chargers-for-iphone-to-ship-in-next-30-days-25142568/ ) from Franklin's involvement with another company, GSLO (which was suspended by the SEC: http://www.sec.gov/news/press/2011/2011-120.htm ). It is not the "Solacase" as advertised when you bought it (http://solawerks.com/solacase.html ). Same product anyways? - Yes. Deceptive? - Yes.
There is a CE rating tag on the interior side of it. - pure fraud/counterfeit. There is no way this one man show could have gotten the coveted CE rating without months (if not years) of product QA/QC, testing, documentation, etc. (http://en.wikipedia.org/wiki/CE_mark )
It came with warranty info. - does your warranty look like this?: http://www.voltsolarproducts.com/Products/VoltWarranty
If so, the fine print makes it sort of worthless with exceptions like this:
"The Limited Warranty shall be restricted to the country/region of Product purchase this is to avoid excessive import or exportation of the Product throughout the supported countries." - gee - does that mean that the product purchase point is China, so your warranty is no good in the USA?
"...any repairs performed by VOLT’s Authorized Service Center are subject to charge to the purchaser at normal repair rates" - so if it breaks, you have to pay for the repair.
" The valid original invoice (PROOF OF PURCHASE) on which the relevant IMEI number was printed will be required. - did you keep the relevant IMEI number?
" The defective Product shall be delivered by the purchaser at his/her own expense to the designated VOLT Service center, with proof of purchase, and proof of identity of the original purchaser. Failing which, the Warranty will be invalid." - make sure you PROVE who you are when you pay for the shipping to China!
"This Warranty does NOT cover postage/shipping from Customer to Volt Service Center and return. VOLT product not accepted without a prepaid return service from, FedEx, DHL or a shipper of Customers supper of choice, that provides this service." - not only pay for it, but make sure it is FedEx Next Day service....
"VOLT reserves the right to add, delete or amend the terms and conditions at any time without prior notice on its website indicated below. VOLT website: (blank) " - looks like they already deleted the applicable website.
It fits snugly over my wife's iPhone 4. - there were previous reports that there was a gap due to the configuration differences between iphone 3 and iphone 4 - glad to hear it "looks" nice.
So, what does this all mean?????? - it means you have hooked up a cheap, non-certified/non-rated product that was made in China to your expensive iphone with no recourse in the event it damages your phone charging system.
Updates (or lack thereof):
FTTN announced on April 5th that completion of a Bedford Operating Well could be within a 60 day window - the announcement proclaimed "The well sponsor, Bedford Energy, Inc., estimates that the well completion at 60 days from funding, potentially providing a quick return on investment in the project" - no word on whether that deal will ever take off: http://www.marketwatch.com/story/fttn-explores-completion-only-opportunity-2012-04-05
FTTN announced on Mar. 19 that it expected to begin "rigging up" "within 3 weeks" on the Little Cedar Creek prospect in Alabama. Now that it has been 12 weeks, it is odd that the company has not stated an update on progress: http://www.marketwatch.com/story/fttns-alabama-well-rigging-up-soon-2012-03-19
We have not heard anything new regarding "First Titan plans to announce the project’s spud date soon." for the Intrepid well in Louisiana announced on January 17: http://www.thestreet.com/story/11378381/1/fttn-finalizes-joint-operating-agreement-for-promising-new-oil-well.html
We also have no word regarding the Nov. 11th LOI to purchase REN-Gen: http://www.thestreet.com/story/11313896/1/fttn-signs-option-to-purchase-oil-amp-gas-technology-company.html
Nor the progress of subsidiary First Titan Technical announced on Sept. 16 - http://www.thestreet.com/story/11251464/1/fttn-forms-subsidiary-to-provide-custom-automotive-electronics.html
Nor the progress of the Auto Component Manufacturing field announced on August 30th: http://www.thestreet.com/story/11234084/1/fttn-breaks-into-the-auto-component-manufacturing-market-with-new-website-launch.html
GTSO signs JV agreement with Diamond V Associates. GTSO will provide "funding and business expertise".
"Funding": The company currently has only $24k in cash. From the latest 10Q: Our monthly cash requirement amount is approximately $25,000, and as of March 31, 2012, cash on hand would fund operations for less than one month.
"The Company anticipates it will require around $800,000 to sustain operations and effectively evaluate new business opportunities over the next twelve months. However, if our mining claims [huh? - what mining claims???!?] show significant deposits, then we may require several million dollars of additional financing. The Company intends to seek to raise these funds through equity and debt financing" - awesome - more dilution coming!
"Business Expertise": Paul Watson has no mining experience. What he does have is a clear track record:
Nov. 2, 2011 to present -
GTSO went from $33.00/share to $2.24/share - a drop of 93% over 7 months.
Watson is also CEO of Obscene Jeans (OBJE), which went from $0.35 to $0.04 - a drop of 89% over the same 7 month period.
Furhtermore....this JV does not relate what benefits GTSO will receive for providing "funding and business expertise" - what benefit does this JV have for shareholders? Equity position in the mining claims? Risks? Rewards?
GTSO signs JV agreement with Diamond V Associates. GTSO will provide "funding and business expertise".
"Funding": The company currently has only $24k in cash. From the latest 10Q: Our monthly cash requirement amount is approximately $25,000, and as of March 31, 2012, cash on hand would fund operations for less than one month.
"The Company anticipates it will require around $800,000 to sustain operations and effectively evaluate new business opportunities over the next twelve months. However, if our mining claims [huh? - what mining claims???!?] show significant deposits, then we may require several million dollars of additional financing. The Company intends to seek to raise these funds through equity and debt financing" - awesome - more dilution coming!
"Business Expertise": Paul Watson has no mining experience. What he does have is a clear track record:
Nov. 2, 2011 to present -
GTSO went from $33.00/share to $2.24/share - a drop of 93% over 7 months.
Watson is also CEO of Obscene Jeans (OBJE), which went from $0.35 to $0.04 - a drop of 89% over the same 7 month period.
Furhtermore....this JV does not relate what benefits GTSO will receive for providing "funding and business expertise" - what benefit does this JV have for shareholders? Equity position in the mining claims? Risks? Rewards?
Sloppy - true - but technically since they have not yet announced whether the Purchase Agreement has been fully executed/completed, I suppose they can still say they own it? Considering DOMK is a two man shop busy traveling back and forth to China, executing the "exceeded sales expectations", completing the next music gig (Franklin's band), and such - getting the website updated is probably not on their top priority list....
Armada/the Golf Championship deal was sold off to the previous CEO: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8512412
Generic news releases about "exceeding sales expectations" without any specifics as to what those sales numbers are is really meaningless (actually this is pathetic when they have to resort to paying tech24 to tout the meaningless press release).
Regarding "NO brains", did you mean $1.35?....
Irish Mike - can you help answer a few questions?:
Does the iphone charger have the word "Volt" on it?
Does the charger come with a UL, CSA, or CE rating tag?
Did it come with any warranty info?
Assuming you have an iphone 4, does the charger fit snuggly around the phone, or is it more geared towards the rounded iphone 3?
"i think tomorrow they will come with big news" - what would constitute "big news"?:
Hiring more than two employees?
Michael Franklin decides not to convert his 50,000 preferred shares into 50 million common shares?
Cash on-hand doubles to $10k?
DOMK sells 20 ipad chargers?
The company issues all 500,000 shares of the incentive stock plan to Strasler to retain his valuable services?
The company avoids another day without suspension by the SEC?
The company avoids another daily 10% drop in value?
"The only person making money on this stock is Quality Stocks" - at least they clearly show their compensation in an open forum, unlike the Beneficial Owner, Sayword Investments - yet another sham offshore entity created by JT Cloud.
"this is a subsidiary company with a good product" - the "Subsidiary" you talk about (and it's President, Michael Franklin) has a proven track record of not coming through:
EVSO - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75390722
GSLO - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72690626
ONYX - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73559425
"Truthdetector1" is correct about the office: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73733775
Reviews on their product: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75337579
More interesting read: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75339824
"GTSO: Is Tungsten Becoming an Endangered Element?" - a better question is whether GTSO is becoming an endangered company?
"GTSO is dedicated to ensuring U.S. manufacturers have access to strained tungsten supplies before prices for the heavy metal rise even higher." - how exactly does GTSO intend to ensure US Manufacturers will have access to tungsten supplies when the company has no assets, no cash, one employee with no mining experience?
"GTSO, an emerging tungsten mining company" - no, it is not.
"Currently, the company is close to signing a joint venture agreement to explore mining projects and operations in North America and Africa" - another Chery Minerals deal? Really? How exactly does the company plan to leverage a joint venture with nothing to contribute to the venture in terms of expertise, cash, or assets?
"The joint venture [with DVA] will allow GTSO to provide funding and expertise in exchange for DVA’s help researching, planning, and developing promising reserves of tungsten and other valuable minerals on an international scale." - HUH? What Funding? What Expertise? What is the revenue implications for GTSO shareholders in exchange for shelling out funding (re: massive dilution)?
"Quantum International is examining funding trends in emerging research and technologies" - how exactly will "examining funding trends" translate into revenue for the company?
"QUAN is targeting emerging innovations across a broad spectrum of robotics development" - how exactly will "targeting emerging innovations" translate into shareholder value when the company has no expertise, robotic assets, or funding to capitalize?
"...the company has initiated discussions with multiple cutting-edge robotics firms regarding agreements to help fund, market, and develop exciting new robotics products." - what exactly does "initiating discussions" mean for the shareholders? The company has no funds, no ability to market, and no expertise to develop - how does this translate into an actual plan to implement?
“Our status as an emerging company in this space allows Quantum International to be nimble in allocating our assets" - QUAN has no robotic assets to be nimble with.
"QUAN is expected to announce its latest targets as soon as preliminary agreements can be signed" - how prophetic!
Uselton bio: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76190854
footnote - as part of Darrel Uselton's parole requirements, he was supposed to testify on GFCI indictment of Dial et.al.
Thanks - my interest is not so much GFCI, but rather tracking Darrel Uselton and his associated miscreants.
Sorry to be late to the party and my apologies if this was previouisly stated here - but just curious if the "unnamed assailant" was ever identified that is stated in the SEC release (item #11): http://www.sec.gov/litigation/complaints/2012/comp22384.pdf ?
Darrel Uselton (and his uncle "Jack" Uselton) bio:
https://www.oag.state.tx.us/oagnews/release.php?id=2088
http://www.scientificamerican.com/article.cfm?id=colorado-spam-king-murder
http://www.sec.gov/litigation/litreleases/2009/lr20961.htm
http://www.rgm.com/articles/stockwatch5.html
http://www.sec.gov/litigation/aljdec/2011/id416a-bpm.pdf
http://www.spamsuite.com/taxonomy/term/15
http://www.sec.gov/divisions/enforce/extra/lr17144complaint.htm
His last venture before getting cuffed was Gulf Ethanol Corp (GAEC/GFET): http://www.sec.gov/litigation/suspensions/2009/34-60410.pdf
He also had his hands in a company called ATNE which management took the drastic step of self requesting the SEC to halt trading after Darrel and his cohorts allegedly stole millions of shares from the company through falsifying Corporate signatures: http://www.otcmarkets.com/stock/ATNE/news/Suspension-of-Trading?id=11879&b=y
Other ventures associated with Darrel's friends:
http://www.sec.gov/litigation/suspensions/2012/34-66262.pdf
http://www.sec.gov/litigation/suspensions/2011/34-64612.pdf
http://www.sec.gov/litigation/suspensions/2009/34-60410.pdf
http://www.sec.gov/litigation/suspensions/2009/34-60050.pdf
http://www.sec.gov/litigation/suspensions/2009/34-60050.pdf
Makes me wonder who the convicted felon/"Unnamed Assailant" is....(ref. item 11 of the complaint)
Interesting footnote on GFCI - as a condition of his parole agreement, Darrel Uselton was compelled to provide testimony on his involvement with GFCI......
I see that Strasler and the BOD (Franklin) has wasted no time in filing a stock incentive plan by issuing themselves another 1 million shares: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8648297
Panama - the corporate records are sometimes difficult to research online. To that end, Dan O'Huiginn (http://www.ohuiginn.net/ )
took it upon himself to develop a search engine program to make the process a little bit easier. Unfortunately, the link to his search engine is up and down so it is hit or miss - but keep trying: http://ohuiginn.net/panama/
I have used it several times to find direct links between John "JT" Thomas Cloud (a prodigy of Darrel and Jack Uselton) where he hides the identify of his beneficial ownership in a number of pink companies through Panamanian registered ventures.
Your recollection regarding the discussion on restricted stock is correct - the restrictive legend comes off on 21 million shares either on October 17 or October 27, 2012.
Regarding the 50,000 preferred shares (convertible to 50 million), there is no stated restriction. From the Plan as filed, http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8579819 , there appears to be unlimited latitude by the Board of Directors (which still includes Franklin) to set restrictions on conversion (if any). Here is the particular language:
SECTION 7. GRANT OF CONVERTIBLE PREFERRED STOCK.
(a) Committee Discretion. The Committee shall have sole and absolute discretionary authority (i) to determine, authorize, and designate those persons pursuant to this Plan who are to receive restricted preferred stock, or unrestricted preferred stock under the Plan, and (ii) to determine the number of shares of common stock to be issued upon conversion of such shares of preferred stock and the terms thereof. The Committee shall thereupon grant shares of preferred stock in accordance with such determinations as evidenced by a written preferred stock designation. Subject to the express provisions of the Plan, the Committee shall have discretionary authority to prescribe, amend and rescind rules and regulations relating to the Plan, to interpret the Plan, to prescribe and amend the terms of the preferred stock designation (which need not be identical) and to make all other determinations deemed necessary or advisable for the administration of the Plan.
(b) Terms and Conditions. Each series of preferred stock granted under the Plan shall be evidenced by a designation in the form for filing with the Secretary of State of the state of incorporation of the Company, containing such terms as approved by the Committee, which shall be subject to the following express terms and conditions and to such other terms and conditions as the Committee may deem appropriate:
(i) Conversion Ratio. The number of shares of common stock issuable upon conversion of each share of preferred stock granted pursuant to the Plan shall be determined by the Committee at the time the preferred stock is granted. The conversion ratio may be determined by reference to the fair market value of each share of common stock on the date the preferred stock is granted, or at such other price as the Committee in its sole discretion shall determine. [we know the conversion ratio is 1:1000 for his shares]
At the time a determination of the fair market value of a share of common stock is required to be made hereunder, the determination of its fair market value shall be made in accordance with Paragraph 5(d)(ii).
(ii) Conversion Period. The Committee may provide in the preferred stock agreement that the preferred stock may be converted in whole immediately or is to be convertible in increments. In addition, the Committee may provide that the conversion of all or part of the preferred stock is subject to specified performance by the Participant.
(iii) Procedure for Conversion. Shares of preferred stock shall be converted in the manner specified in the preferred stock designation. The notice of conversion shall specify the address to which the certificates for such shares are to be mailed. A Participant shall be deemed to be a stockholder with respect to shares covered by preferred stock on the date specified in the preferred stock agreement. As promptly as practicable, the Company shall deliver to the Participant or other holder of the warrant, certificates for the number of shares with respect to which such preferred stock has been so converted, issued in the holder's name or such other name as holder directs; provided, however, that such delivery shall be deemed effected for all purposes when a stock transfer agent of the Company shall have deposited such certificates with a carrier for overnight delivery, addressed to the holder at the address specified pursuant to this Section 6(d).
(iv) Termination of Employment. If an executive officer to whom preferred stock is granted ceases to be employed by the Company for any reason other than death or disability, any preferred stock which is convertible on the date of such termination of employment may be converted during a period beginning on such date and ending at the time set forth in the preferred stock agreement; provided, however, that if a Participant's employment is terminated because of the Participant's theft or embezzlement from the Company, disclosure of trade secrets of the Company or the commission of a willful, felonious act while in the employment of the Company (such reasons shall hereinafter be collectively referred to as "for cause"), then any preferred stock or unconverted portion thereof granted to said Participant shall expire upon such termination of employment. Notwithstanding the foregoing, no ISO may be converted later than three months after an employee's termination of employment for any reason other than death or disability. [from today's amended filing: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8644387 , we see that Franklin is still employed as President of subsidiary Solawerks and is still on the BOD, thus is not applicable to this scenario]
(v) Disability or Death of Participant. In the event of the determination of disability or death of a Participant under the Plan while he or she is employed by the Company, the preferred stock previously granted to him may be converted (to the extent he or she would have been entitled to do so at the date of the determination of disability or death) at any time and from time to time, within a period beginning on the date of such determination of disability or death and ending at the time set forth in the preferred stock agreement, by the former employee, the guardian of his estate, the executor or administrator of his estate or by the person or persons to whom his rights under the preferred stock shall pass by will or the laws of descent and distribution, but in no event may the preferred stock be converted after its expiration under the terms of the preferred stock agreement. Notwithstanding the foregoing, no ISO may be converted later than one year after the determination of disability or death. A Participant shall be deemed to be disabled if, in the opinion of a physician selected by the Committee, he or she is incapable of performing services for the Company of the kind he or she was performing at the time the disability occurred by reason of any medically determinable physical or mental impairment which can be expected to result in death or to be of long, continued and indefinite duration. The date of determination of disability for purposes hereof shall be the date of such determination by such physician.
(vi) Assignability. Preferred stock shall be assignable or otherwise transferable, in whole or in part, by a Participant.
The remainder of this Section goes on to discuss Preferred Shares that are Restrictive - we in fact do not know whether Franklin's have this restriction or not.
"GTSO #1 Buzzing Penny Stock Tonight" - is it because the SEC is about to shut it down?
Michael Franklin retains 50,000 preferred shares equivalent to a voting block of 50 million shares when converted.
Correction #2 - Quality Stocks will receive $15k from a third party for 30 days (not 3 months as previously stated by me) of PR related work.
Just curious - who is that "third party" - JT Cloud?
Correction to previous post - the beneficial ownership has since changed to Sayword Investments, SP.ZO.o - a Polish corporation owned by JT Cloud. Same guy, new location.
"Many times these companies have a large team of consultants/contractors they utilize to minimize fixed costs" - true, but with the flurry of toxic convertible debt conversions (4.8 million shares converted at $0.03/share and 22.2 million shares converted at $0.02/share), another 9.6 million shares pending to be converted at $0.03, an accumulated deficit of $27.1 million and a working capital deficit of $1.3 million before they even begin to enter the robotics field, it seems like an unlikely formula for success to pay for such consultants.
Refreshingly, it is much appreciated that you prominently show your disclaimer for services paid ($15k/month for 3 months) for services rendered to QUAN. It is unclear how the company intends to pay you without further dilution.
"A company at this stage can multiply it's value much easier than those with an already established presence." - HOW can QUAN possibly achieve growth without cash, relavent robotic assets, or management with any experience in this field? If Federowicz's most recent venture, OBJE, is any indication, I fear your optimism is not rational.
The $1.7 million in assets is entirely attributable to the depreciated book value of the Poteet, Texas Biodiesel facility (acquired by predecessor company National Wind Solutions - NWND). This plant, purchased in 2009 from SEC suspended sister company GFET for the publically stated purpose of converting it to clean up oily water from the BP disaster in the Gulf. That plan never materialized and has been mothballed for close to a decade. The land that it sits on is probably the best "asset", currently valued at $400k (assuming no environmental issues exist). The company has no robotic assets - period.
QUAN's sole full time employee is Robert Federowicz - a former gym instructor, self proclaimed vegan, LCD screen salesman, international Euro-trash fashion designer (OBJE.ob), international oil man (FTTN.ob), Biomedicine Consultant (EHSI.pk), automotive wiring harness expert, and now a self proclaimed Robotics subject matter expert. The company's annual report states that they also employ two part time employees.
The reality is that Federowicz is just another pawn (ref. QUAN's previous CEO pawn Maurice Stone) for the beneficial owner, Wisconsin Opportunity Funds, S.A. (a Panamanian registered company) run by JT Cloud - the same guy who brought us a number of SEC suspended companies such as EVSO, EHSI, GFET, GSLO, ONYX, SSLR, and others.
Tungsten Recycling? Serious? Have you even looked at this company - one employee, no assets, no expertise/experience, no cash, checkered history....
JT Cloud and Galleria Securities - same guy that brought you these SEC suspended gems and other assorted pink companies that have all failed:
EVSO
EHSI
ONYX
GFET/GAEC
SSLR
GSLO
FTTN
RBCC
QUAN
MYHA
AESO
AEND
BERX
OBJE
OMVS
With only $1800 in the bank, one employee with no robotics experience, just how exactly will QUAN contribute to these lofty aspirations of potential joint ventures and other cooperation agreements?
QUAN is moving aggressively to become a real player in the global robotics market, which is forecast to grow in value to approximately $21.4 billion by 2014. - HOW? They have no products and no money to do it.
QUAN expects to find a large, diverse market for the innovations it will commercialize. - HOW? They have no innovations to commercialize.
QUAN targets only the most promising emerging technologies for commercialization, delivering the highest-potential investment opportunity to shareholders. - What targets/technologies - it has none!?
Three robotics companies were included in FastCompany’s list of the Worlds’ 50 Most Innovative Companies. QUAN could be next! - WHY? What basis do you make this claim?
Sales of medical robots in 2010 increased by 14% compared to 2009 to 932 units, accounting for a share of 7% of the total sales of professional service robots. - All meaningless for a company with no products.
The sales value for field robots was about $ 744 million globally, accounting for about 24% of the total value of professional service robot sales. - QUAN has zero experience in Robotics - Robert Federowicz is a former gym owner and designer jeans CEO (OBJE)
The use of logistic systems in factories, hospitals, public buildings and outdoor areas, e.g. in ports, increased by 10% to more than 900 units in 2010. - Revalence to QUAN?
In 2011, $160 million in investment dollars was made by venture capitalists directly into robotics companies. - Why would anyone be interested in QUAN, it does not even have a robotic line of products?
Huge robotics acquisitions are becoming common—Softbank acquired an 80% interest in Aldebaran for $100 million - yes, real companies, with real products are becoming common acquisitions.
"9 mill held by a Investment house" - NO! Those shares are held by Rosentax - a Polish entity controlled by Galleria Securities (JT Cloud).
"This bullish signal indicates that the price may rise from the previous close of 3.16 to the next Elliott Wave target price of 4.14." - LOL, so much for that theory....
I said they hadn't killed MTEI, but I was wrong. It was suspended back in 1998, and is still Grey. - Jack Uselton needs something to fondly remember the "good old days" by.....
rookytrader - not sure if this will help in your discussions or not:
The history/direct link between Kidd and Franklin is not readily apparent to me. However the following may help you connect the dots:
Franklin has a clear history with SEC suspended EVSO, GSLO, and ONYX via Optimum Solar.
The common link between Kidd and Franklin may lie with Andrew Farmer as he has a clear history with EHSI and DOMK via Infinite Funding and Iridium Capital.
EHSI is clearly linked to EVSO, GSLO, ONYX and a number of other pink companies via Kathleen Delaney, Maurice Stone, Eddie Austin, JT Cloud, Robert Federowicz, et. al, which brings you back to Michael Franklin.
Regarding Kidd and JBII, I don't know much about it. I am sure others here are much more knowledgeable about that history.
Cant be any worse then the guy he got the company from
Franklin - SEC Suspensions = 3 (GSLO, EVSO, ONYX)
Kidd - SEC Suspensions = 0 (?)
Tim - nice blog post - good job. You missed a few items though on DOMK:
Michael Franklin, CEO of DOMK has more history. You mentioned his involvement with EVSO - were you aware of this announced $36 million wafer deal that never happened (look at EVSO's financial statements since the announcement - no revenues associated with ANY solar wafer deal): http://www.businesswire.com/news/home/20100226005150/en/EVSO-Evolution-Solar-Announces-36-Million-Wafer
Were you aware that one of his current products, the iphone solar charger is just a recycled product (called the "Volt" charger) he tried to pawn off on GSLO which resulted in their SEC suspension at the same time as EVSO?: http://www.sec.gov/news/press/2011/2011-120.htm
Were you also aware, that his chinese solar company, Optimum Solar, was also involved with yet another SEC Suspended company, ONYX: http://www.sec.gov/litigation/suspensions/2012/34-66262.pdf
ONYX purported to have an $84 million dollar solar project in Honduras that was to use Optimum's solar panels. In fact, ONYX even announced that they were in the process of acquiring a 25% interest in Optimum. Optimum shows counterfeit certifications for their "alleged" products here: http://www.optimumsolar.cn/en-US/Home/certificates
However, you may not realize that Michael Franklin is nothing but a pawn in a much larger network of shady penny companies orchestrated by a number of miscreants - namely: JT Cloud, Jonathan Gilchrist, Kathleen Delaney, Maurice Stone, Eddie Austin Jr., Robert Federowicz, Steven Plumb, and a host of others that come from the Jack and Darrell Uselton school of P&D (https://www.oag.state.tx.us/oagnews/release.php?id=2088 ). Their conquests include these gems all suspended by the SEC: SSLR, GFET, MTEI, ATNE, EHSI, EVSO, GSLO, ONYX, CYGX, and GFCI. They are currently actively working these gems: FTTN, NTRR, RBCC, OMVS, OBJE, BERX. QUAN, GTSO, and ADBI. Future endeavors include soon to be IPO for iVoiceIdeas.com, Solar America, and One World Holdings. Past ventures have included NACF, TMDI, AEND, AESO, MYHA, PRER and dozens of others: http://social.patriotactionnetwork.com/group/texas14thcongressionaldistrict/forum/topics/waxmanmarkey-cap-and-trade-17
The whole shenanigans are funded primarily through offshore accounts in Panama and Poland where they funnel shares through entities like: Cambridge Securities, Galleria Securities, Eluru Investments, Vilar Investments, and Sayword Investments.
Michael has a friend at DOMK in Andrew Farmer - the man behind Infinite Funding - the same guy behind SEC suspended EHSI and several other schemes. Infinite Funding is mentioned prominently thoughout DOMK's financials for lending them funds at a toxic convertible rate.
"They have per orders of 16 mil." - says who? where? what press release?
If you heard it direct from Michael Franklin, you may wish to take that statement with the grain of salt as he has made similar claims in the past. Case in point - when with EVSO, he claimed to have a $36 million order for solar wafers: http://www.businesswire.com/news/home/20100226005150/en/EVSO-Evolution-Solar-Announces-36-Million-Wafer
If you check EVSO's financials - they never realized a single penny on that announced deal: http://www.otcmarkets.com/financialReportViewer?symbol=EVSO&id=51874
That type of pure BS will land you in trouble with the SEC: http://www.sec.gov/news/press/2011/2011-120.htm