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"Yes and think of those people who have a high
average. They will be lost." They are lost already unless management can build a real company.
Let management make some announcement and follow through with it. and produce results and the share price will go up and stay up. Share price is dependent on increasing shareholder value, not broken promises.
Yep, when you haven't got "shareholder meetings,
financial reports, management" then you might as well "buy cheap and sell when management tries to pump the stock."
Its even better if you "already have
the low," all you have to do is "sell into the pump."
Thats about the size of it, although I would wait and buy in June (or ealier if the price dips below $.02).
Based on past history the next run up will be sometime in the 3rd quarter (July-September).
LOL, good one ANGLR! You had me going for a moment!
If management doesn't receive a salary, does it receive consulting fees? And where has all the cash from EES and Filbin gone?
Amendment of Environmental Energy Services, Inc. Stock Purchase Agreement
In September 2002, the Company entered into a Stock Purchase Agreement (the "EES Agreement") to sell up to 20,000,000 shares of its common stock to Environmental Energy Services, Inc. ("EES") (OTCBB: EES) for $0.125 per share, for a total purchase price of $2,500,000. Under the EES Agreement, as modified in April 2003, EES is obligated to purchase such common stock from payments it is entitled to receive under a royalty agreement, with the amount of each payment being equal to the amount of the royalty payment less amounts used to satisfy prior liens on the royalty agreement. EES granted the Company a security interest in EES's interest in the royalty agreement to secure its obligation to purchase the shares. An advisory board member of the Company is the chairman and chief executive officer of EES, and owns shares of common stock in the Company.
To date, the EES has paid the Company $1,672,947.50 to purchase 13,383,580 shares of common stock of the Company under the EES Agreement. On April 7, 2003, the Company loaned EES $844,483.16 pursuant to a promissory note dated April 7, 2003 which bears interest at five percent (5%) per annum, and is secured by a lien on EES's interest in the royalty agreement. In connection with the loan, the Company and EES agreed that all distributions under the royalty agreement to which the Company is entitled shall be applied in the following manner: first to the payment of costs, interest and principal due under the April 7, 2003 Note, second to the purchase of additional shares of Company common stock under the EES Agreement, and third to the purchase of shares of Gulftex common stock from the Company under the Gulftex Agreement (see below).
Item 2. Acquisition Or Disposition Of Assets
On August 8, 2003, Stony's Trucking Company ("Stony's"), a wholly-owned subsidiary of Corporate Vision, Inc. (the "Company"), entered into an Asset Purchase Agreement under which Stony's sold substantially all of its assets to Filbin International, Inc. ("Filbin"), including office equipment, furniture, fixtures and equipment, customers, agent relationships, and tradenames. The assets sold consisted generally of the Company's trucking operations, excluding any trucks or trailers used in the trucking operations. The purchase price for the assets consisted of $250,000 cash, and contingent payment equal to two percent (2%) of revenue from the trucking operations for a two year period from February 1, 2004 to January 31, 2006. The purchase price did not include the assumption of any liabilities of Stony's or its subsidiaries. However, Filbin can pay certain presale liabilities to the extent necessary to ensure smooth operations following the sale, and in that event the amount of contingent payments will be reduced by the amount of debt paid. The Company, Stony's and both directors of the Company indemnified Filbin against any claims or liabilities arising prior to the sale.
Interesting pattern.
One trade this morning of 10,000 shares @ $.06. Since then there have been 8 trades totaling 7,292 shares @ $.045.
Yep, its garbage day.
Oh, wait...you mean the day for WTCH! Kind of hard to understand you when you don't mention what is supposed to happen.
For information on SEC rules for filing 8k reports:
http://www.sec.gov/about/forms/form8-k.pdf
Pay particular attention to Section 4.01 regarding change in accountants.
Item 4.01 Changes in Registrant’s Certifying Accountant.
(a) If an independent accountant who was previously engaged as the principal accountant to audit the registrant’s financial
statements, or an independent accountant upon whom the principal accountant expressed reliance in its report regarding a significant
subsidiary, resigns (or indicates that it declines to stand for re-appointment after completion of the current audit) or is dismissed,
disclose the information required by Item 304(a)(1) of Regulation S-K or Item 304(a)(1) of Regulation S-B, as applicable, including
compliance with Item 304(a)(3) of Regulation S-K or Item 304(a)(3) of Regulation S-B (17 CFR 229.304(a)(1) and (a)(3) or 228.304(a)(1)
and (a)(3), respectively).
(b) If a new independent accountant has been engaged as either the principal accountant to audit the registrant’s financial
statements or as an independent accountant on whom the principal accountant is expected to express reliance in its report regarding
a significant subsidiary, the registrant must disclose the information required by Item 304(a)(2) of Regulation S-K or Item 304(a)(2)
of Regulation S-B, as applicable (17 CFR 229.304(a)(2) or 228.304(a)(2), respectively).
Instruction.
The resignation or dismissal of an independent accountant, or its refusal to stand for re-appointment, is a reportable event separate
from the engagement of a new independent accountant. On some occasions, two reports on Form 8-K are required for a single change
in accountants, the first on the resignation (or refusal to stand for re-appointment ) or dismissal of the former accountant and the
second when the new accountant is engaged. Information required in the second Form 8-K in such situations need not be provided
to the extent that it has been reported previously in the first Form 8-K.
A lesson in SEC filings brought to you by TallMan Enterprises. :)
Perhaps I should call you to discuss WTCH. Is the 6134 number still good?
Never said they were on board. I believe they have issues with the company. Under SEC regulations the company can't change accountants without a letter of "no problems" from the previous accountant.
LOL. How you can be making money if you don't sell? You don't realize a profit untill you sell.
No,I haven't hidden. My agenda is the same as yours but with a different strategy.
You're trying to make money by believing what management tells you. I'm making money because I don't believe the stories that you claim come from management.
I'm making money. Are you?
If they have changed accountants then they are in violation of SEC regulations for not filing an 8K notifying shareholders of a change in accountants. Check the SEC regulations if you don't believe me.
I would think that would upset you to suspect that the company is flagrantly violating SEC regs.
Besides, I have talked to Packer Thomas, and no, the company has not changed accountants.
BTW, has anyone tried to contact the company's accountans, Packer Thomas? They're located in Youngstown, OH. www.packerthomas.com
LOL, call me whatever you like, I've been called a dozen different names. If I wanted to hide I would have used a different alias.
I hope you are keeping a log of promises made and the results. Its the best way to measure a company's management accuracy and truthfulness.
TM
I once worked for a group that used that same excuse repeatedly. Every few months their stock price would run up rapidly and then plummet right back to where it started. And everytime management used the same story (or a variation) "market maker shakeout" "a lot of float to chew through" "dang shorters" etc, etc, etc.
I should have kept a log of the pump & dumps and the litany of excuses.
I did.
I agree, your strategy doesn't make sense. Why wouldn't you sell @ $.07-09 and buy back @ $.04? Thats one way to increase your shares without laying out additional cash.
Why would you buy @ $.04 and invest additional money when you could increase your shares without additional capital?
It makes no sense to let a short term profit go by. Sell @ $.07-.09 and buy back in @ $.04. Make $.03 -.05 per share over 3 days.
Isn't that why we're all here, to make a profit?
So...did you also dump 100,000 shares @ $.07-.09?
Actually I posted that order this morning before the market opened.
Interesting.
I posted a sell order this morning for $.086 and nothing has happened.
Sounds like good advice, thanks.
TM
Obviously you do have a problem with facts. To say that the company and this Board "inherited" a mess from B-Right is not true and misleading. Why do you get upset when I point out the misleading implication of the post? I agree that this Board inherited a mess from KA, but they walked into the mess at B-Right and bought it.
Yes, I do have an agenda, its called truth and accuracy.
Just can't stand it when someone tries to point out facts, can you?
"IMHO the redemption of the preferreds would not have ever happened if the current BOD were nt interested in the company and it's future. I don't know what kind of mess they inherited from B-right nor how long it will (or would) take to clear it up."
Thats an odd way to look at this company`. It didn't inherit any problems from B-right, it bought the problems.
Too bad you don't try to find out the facts. I communicate with management monthly.
The problem is failure to comply with legal obligations, such as SEC reporting. Unless the company can comply with the regulatory agencies it will always be a penny (or sub-penny) stock.
Your share count from management does not account for 4 million new shares, an integral part of timely SEC reporting.
Supporting management does not require being a "Yes" man. Not everything that the management of a company does is beneficial for the shareholders. Look at Enron, Arthur Anderson, Waste Management, WorldCom, to name a few. Heck, look at WasteMasters and its former CEO, Dale Sterritt.
Questioning management's judgement and holding them accountable is an important part of corporate governance. You even expressed this yourself when you posted about acquiring enough shares to influence management.
When I see management failing to perform their duties I can not remain silent. They need to get current in their filings. Even a company as painfully shy of actual operations as Environmental Energy Services (EESV) can do it.
What have I said against management? And why would it matter? I posted originally because I think your calculation of the shares outstanding was inaccurate.
Forgive me for trying to help you. I won't do it again.
What slam? I posted the company's press release.
Probably because of the July press release:
Wastech, Inc. Announces Emergence in Waste Sector with Contract to Acquire Absolute Waste Acquisitions, Inc.
Friday July 23, 10:25 am ET
CHARLESTON, S.C., July 23, 2004 (PRIMEZONE) -- Wastech, Inc. (Other OTC:WTCH.PK - News) (the ``Company''), today is pleased to announce it has executed a definitive agreement to acquire majority control of Absolute Waste Acquisitions, Inc. from its President and CEO, Mr. James D. Wright, for consideration of 8,863,308 shares restricted common stock. Absolute Waste is an environmental waste collection, transportation, and remediation company based in Corpus Christi, Texas. Closing is scheduled on or before September 1, 2004, and is subject, among other things, to finance considerations and the satisfactory completion of due diligence.
"Your outline is a waste of time IMO."
Its a waste of time if the company is not making an attempt to forward on all of the items. The question is:
Does management knows what it takes to make progress and what are they doing about it?
They need to tell the shareholders, not with shady phone calls and private information, but by filing PUBLIC disclosures and accurate reporting with the approriate regulatory agencies.
No, I don't have a grudge against anyone in management. Please identify to any of my statements that indicate a grudge.
What has to happen for this stock to make progress?
1) It needs profitable operations.
2) It needs accurate and timely reporting.
3) It needs to honor its obligations to debtors, employees, shareholders, regulatory agencies, and government agencies.
4) It needs to work on resolving its problems, not ignore them and hope they go away.
5) It needs more substance and less hype.
What facts did you post? The number of posts I submitted on EESV, CVIA & CONI? Whoopee.
I notice you didn't make any mention of the number of times I posted on the Yahoo boards. Nor can you summarize what I posted.
Oh, and BTW, the measure of a good SEC man is what he doesn't say on a public forum.
Name a "good" SEC man that works for the company, just one. If you can name one, then tell us why the company can't file timely reports.
You just can't stand someone posting verifiable facts, can you?
So maybe it is important to maintain current filings. It would be a shame if someone else incorporated the name Wastech, Inc., or if the company could not perform the following actions listed in Section 33-15-101
SECTION 33-15-101. Authority to transact business required.
(a) A foreign corporation may not transact business in this State until it obtains a certificate of authority from the Secretary of State.
(b) The following activities, among others, do not constitute transacting business within the meaning of subsection (a):
(1) maintaining, defending, or settling a proceeding;
(2) holding meetings of the board of directors or shareholders or carrying on other activities concerning internal corporate affairs;
(3) maintaining bank accounts;
(4) maintaining offices or agencies for the transfer, exchange, and registration of the corporation's own securities or maintaining trustees or depositories with respect to those securities;
(5) selling through independent contractors;
(6) soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside this State before they become contracts;
(7) creating or acquiring any indebtedness, mortgages, and security interests in real or personal property;
(8) securing or collecting debts or enforcing mortgages, security interests, or other rights in property securing debts;
(9) owning, without more, real or personal property;
(10) conducting an isolated transaction that is completed within thirty days and that is not one in the course of repeated transactions of a like nature;
(11) transacting business in interstate commerce;
(12) owning and controlling a subsidiary corporation incorporated in or transacting business within this State; or
(13) owning, without more, an interest in a limited liability company organized or transacting business in this State.
(c) The list of activities in subsection (b) is not exhaustive.
I almost forgot about Section 33-15-104.
SECTION 33-15-104. Amended certificate of authority.
(a) A foreign corporation authorized to transact business in this State must obtain an amended certificate of authority from the Secretary of State if it changes:
(1) its corporate name;
(2) the period of its duration; or
(3) the state or country of its incorporation.
(b) The requirements of Section 33-15-103 for obtaining an original certificate of authority apply to obtaining an amended certificate under this section.
Unless someone can find a filing for Wastech, Inc. with SC Secretary of State office, it appears that the name "Wastech, Inc." could be used by anyone who files for it in South Carolina.