dilution again!
this pos is one of the worst i have seen in a long time...
find something better to do with your time :)

that was some time ago,it does not look better today
Thursday, 08/07/14 10:37:26 AM
Re: None
Post # of 9232
There are some things that need to be considered though. In our previous article we already warned you that in the past PGCX has made similarly optimistic announcements – back in August 2013 they were talking about an acquisition that was supposed to bring around $9 million by the end of the year. As you can see from the financials of the company that clearly didn’t happen.

The purpose of the S-1 statement was to register 35 million shares. 25 million of them are going to be sold by the company in an attempt to secure additional funds but in a rather strange decision each share was priced at $1. Such valuation is over 5000% higher than the current market price of the stock.

The other 10 million shares are underlying a note issued to WHC Capital, LLC on December 23, 2013. Under the terms of the note it can be converted at a price equal to 50% of the lowest intra-day trading price.

Despite the recent positive events PGCX remains an extremely risky choice. The almost non-existent financials and the millions of extremely cheap shares that could be issued demand the use of caution. Do your own due diligence and never make decision based solely on hype.

sorry to say that but this look like a very terrible investment,i will look in to it in another 3 months,i am just curious to see if this story about that company will be the same.good luck long,you will need it!

the volume of today represent about 4000$ worth of stock

last time i came here was a long time ago,you guys are still waiting for that company to produce something they promise a long time ago.if i remember correctly it was about a product for oil industry

try to find the product under a trademark Kruud Kleen™

http://www.uspto.gov/

it's not there,i even call the trademark office, uspto.1-800-786-9199 .

it's not there,even if they had fill 2 weeks ago and still in the process it would show up.

try to find it...of course with the release of information as the number of the trade mark in there news would be of big help,it is strange that it's never there...

There are some things that need to be considered though. In our previous article we already warned you that in the past PGCX has made similarly optimistic announcements – back in August 2013 they were talking about an acquisition that was supposed to bring around $9 million by the end of the year. As you can see from the financials of the company that clearly didn’t happen.

The purpose of the S-1 statement was to register 35 million shares. 25 million of them are going to be sold by the company in an attempt to secure additional funds but in a rather strange decision each share was priced at $1. Such valuation is over 5000% higher than the current market price of the stock.

The other 10 million shares are underlying a note issued to WHC Capital, LLC on December 23, 2013. Under the terms of the note it can be converted at a price equal to 50% of the lowest intra-day trading price.

Despite the recent positive events PGCX remains an extremely risky choice. The almost non-existent financials and the millions of extremely cheap shares that could be issued demand the use of caution. Do your own due diligence and never make decision based solely on hype.

On Monday the stock of Virtual Sourcing, Inc. (OTCMKTS:PGCX, PGCX message board) surged up the chart and after adding the massive 100% to its value closed the day at $0.019. Many investors expected the positive momentum to carry over to the next session and push the stock through the 2 cents mark. Such heights proved to be too much for now though and instead the company crashed hard and closed 17.8% lower at $0.0156.

For close to 11 months PGCX couldn't stop its downwards slide and as a result it lost over 99% of its value dropping from a high of $1.1 to just $0.0023 at the end of June. Still, last month investors returned to the company and despite the climb being rather inconsistent the stock still managed to escape from the double-zero price ranges.

The sudden enthusiasm displayed by investors was caused by a couple of PRs issued by the company. On July 15 it announced that the subsidiary Allied Recycling Corp has signed a wholesale distribution agreement that enabled it to start distributing barrels of chemicals used in the treatment of oil derived waste water. Just nine days later the first purchase order was revealed – a minimum of 70 barrels and a maximum of 105 per week for a whole year. The revenues from the deal are estimated to be between $3.6 million and $5.3 million while profits range between $700 thousand and $1 million.


Such numbers are certainly impressive but will they be enough to offset the red flags around the company? If you open the recently filed S-1 registration statement and scroll down to page 44 you will see that at the end of March PGCX was in an extremely worrying financial state:

• $276 cash and total assets!!!
• $961 thousand total liabilities
• ZERO revenues
• $1.3 million net loss for the nine months period

PGCX are trying to improve their financial resources through the aforementioned S-1 statement. In it they are registering 25 million shares with the intention to sell them for much needed funds. The problem is that each share was priced at $1, valuation that is over 5000% higher than the current market price.

Another problem could be the 10 million shares also registered in the same statement. They are underlying a convertible note issued to WHC Capital, LLC back in December, 2013. The terms of the note allow WHC to convert it into common shares at a price equal to 50% of the lowest intra-day trading price for the ten trading days preceding the conversion.

The past history of the company should also be taken into consideration. On a couple of occasions PGCX has been targeted by paid pumpers. In fact one of the main reasons that the company was able to climb above a dollar last year was the widespread promotion touting it at the time.

The recent announcements certainly sound promising but the company remains a risky choice for investment. The volatility of the stock shouldn't be underestimated either. Do your own research and weigh all the risks before committing to any trades.

lol sorry wrong board

the 100% spike from monday is now at 26%...maybe we will get another great news very soon..got to keep a momentum here right?

Old Stanton trick, release unsubstantiated press releases, run the pump and dump. Where is the 8k filing?

Form 8-K is the current report companies must file with the SEC to announce major events that shareholders should know about such as entry into a Material Definitive Agreement.

You need no experience, credentials, or even common sense to be a financial pundit. Sadly, the louder and more bombastic a pundit is, the more attention he'll receive, even though it makes him more likely to be wrong.

This is perhaps the most important theory in finance. Until it is understood you stand a high chance of being bamboozled and misled at every corner.

of course same kind of gimmick
manipulation of the stock with well orchestrated wonder full news at a timely fashion time to make a pump and dump.
look at the management,even if the criminal John D Stonton is not the ceo anymore it is still the same spirit running this company.
if your serious about doing dd it's almost impossible not to see that,even with all the greed blinding good jugement.
your call, put your money in to it and just ignore common sense.

“If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy."
best of luck...

i like your style,it's direct,very smart and no in between.
this board need more people like your self.

"I've never swung at a ball while it's still in the pitcher's glove."
Warren Buffet.

if this wonderful company as this incredible new product then everyone should wait and see the prove of this 'magic thing' before putting any money one it.
it looks to me that there is a lot of 'pusher' trying to get people putting money on this 'super news' to pump this stock and then DUMP IT.
my humble opinion...

sorry wrong board! ever herd about this other scam pgcx?
what a wonderfull gathering over there...

"I've never swung at a ball while it's still in the pitcher's glove."
Warren Buffet.

if this wonderful company as this incredible new product then everyone should wait and see the prove of this 'magic thing' before putting any money one it.
it looks to me that there is a lot of 'pusher' trying to get people putting money on this 'super news' to pump this stock and then DUMP IT.
my humble opinion...

CEO of pgcx

Multi-CEO John Stanton
appears to have ties with a large number of companies. These companies include or may include EFTI[.ob] (update: defunct), OSSG[.pk] (update: now GRWT[.pk]), NNBP[.ob], USSE[.pk], SSTP[.pk], RENW[.ob], GSNH[.pk] (update: now DVAR[.pk]), IWDM[.pk], CYBR[.pk], USEI[.ob], ACMG[.pk], GRLY[.ob], NCSH[.ob] (update: now PGXC[.pk]), JMCP[.ob], ONYI.[ob], VTBD.[ob] (update: now REER[.pk]), (update 1/11/09) GETG[.pk] and (update 8/14/09) BLVT[.pk]. These companies have been notorious for destroying shareholder wealth but seem to keep investors' appetites whetted by putting out a continuous stream of press releases announcing deals and events but which most often never come to fruition.

This may not be a complete list of companies related to John Stanton. There also appear to be associations of various forms between all of these companies.

An article also recently appeared in Forbes regarding some the members of this group of companies. The article can be found at...

http://www.forbes.com/free_forbes/2007/0226/078.html

These companies often (but not always) focus on the socially-appealing "Renewable Energy" sector and tend to spend the vast bulk of their time on pushing the stock of their companies through press releases and promotion agencies such as Redwood Consultants, LLC. While most of these companies indicate that they are close to production, none ever seem to provide any indication that they even have a commercially viable product, few have shown any revenues whatsoever and all are operating significantly in the red. Funding appears to historically have been exclusively from shareholders. Of those that file with the SEC, the reports show that millions of dollars find their way out the door and all these companies seem plagued with setbacks which for various reasons stop them from making any progress toward becoming commercial.

The two exceptions to no revenues is Earthfirst (EFTI) and U. S. Energy Initiatives (USEI). However EFTI generated substantially all of its revenues as an electrical contractor, not through the renewable energy concept it heavily pushes. Likewise, U.S. Energy Initiatives seems to try to market itself as a company providing dual-fuel hybrid conversion kits for diesel engines but substantially all of its revenues seem to be derived from prototyping and designing electronic components. Both of these companies operate at continuous losses despite the revenue contribution of non-core business segments.

Here is a synopsis of some of these companies:

EarthFirst (EFTI.OB}
CEO: John D. Stanton
-604,010,294 shares outstanding, current price $0.10. (Update 8/3/08 current price is $0.003, recently moved to the pink sheets)
-Pushes "Catalytic Activated Vacuum Distillation" or C.A.V.D.
-Tried unsuccessfully for many years to use CAVD to render used tires into useful materials. Still unsuccessful. Currently trying to market a palm oil based biodiesel.
-Formerly Toups Technology, previous shareholders lost the bulk of their money.
-Accumulated Deficit - $71,470,920 (total losses since inception)

Nanobac Pharmaceuticals Inc. (NNBP.OB)
CEO: John D. Stanton
-Attempts to research nanobacteria.
-Hired WallStreetResearch for a research report on Nanobac
9/11/06. $0.10. 12 month target $0.91. Currently: $0.09. (Update 8/3/08 price is $0.017)
-WallStreetResearch used market capitalization prices of companies worth 3 to 7 times Nanobac to estimate Nanobac?s value. The report states the basis for their comparisons in valuing NNBP at $0.91: "All three firms listed in the 'Comp' table are publicly-traded comparables to Nanobac, in that they are all development-stage biopharmaceutical company focused on research and development, reporting recurring losses. Like Nanobac, they also have existing and pending patent applications as well as collaboration agreements with major partners. This is where the similarities end."
- Accumulated Deficit: $20,490,865

IOWorldMedia Inc. (IWDM.PK)
CEO: John D. Stanton
-WallStreetResearch Report 11/8/2006. Price: $0.80. 12-mo target: $2.28. Currently: $0.19. (update 8/3/08 price is $0.038)
-For valuation 'comparables' to estimate IWDM's worth, WallStreetResources used eight other companies as comparisons. Five of these eight companies were Google, Yahoo, Clear Channel Communications, XM Radio and Sirius Radio.
Accumulated Deficit - Non-reporting company.

U. S. Sustainable Energy (USSE.PK)
-CEO John Rivera has significant history with John Stanton.
-John Stanton and John Rivera together own 500 million of the 644 million shares outstanding.
-Company appears to have little in the way of assets other than a 'tube' for what appears to be simply for pyrolysis.
-Mr. Rivera has been working on this concept for at least eight years. Previously he ran an unsuccessful development-stage company called GWE Systems which had the same concept but pyrolyzed waste tires instead of the soybeans he's currently trying to profitably process.
-Got listed on pink sheets by reverse merging with defunct Laforza Automobiles
-Tried to reverse merge with CyberCare but failed. CyberCare shareholders lost all value. Company promised to compensate CyberCare shareholders in terms given with attempted reverse merger with Global Realty but that also failed and finally the company reverse merged with Laforza. CYBR shareholders are 'hopeful' of some compensation. USSE is now planning to reverse merge with Diversified Ethanol (ONYI.OB) to get off the pink sheets. Update: Reverse merger with ONYI.OB failed.
-Hired WallStreetResources to write report. 11/6/06. Price then: $0.42. 12 month estimate: $5.55. Current: $0.20. (update 8/3/08, price is $0.009. CEO John H. Rivera recently received SEC action, complaint for alleged fraud.)
Accumulated Deficit - Too early and company doesn't report.

Sustainable Power Corporation (SSTP.PK).
-500 million shares will be owned by John Stanton and John Rivera when share dividend from USSE paid.
-Created and spun off by USSE. No identifiable assets but market cap purported to be at least $150,000,000 based on the addition of 644,000,000 shares from USSE dividend.
-USSE shareholders are expecting their dividend but currently can only buy SSTP shares on the market. Update: May 2007, SSTP dividend fell through and USSE decided to do a 2:1 split instead to 'compensate' shareholders.
- Accumulated Deficit - Company doesn't report
(Update 8/3/08. Current price $0.029. Controlling shareholder John H. Rivera recently received SEC action, complaint for alleged fraud)

Renewable Energy Resources, Inc. (RENW.OB) (Update: Changed to NGRN.OB, Craig Huffman is the CEO again).
CEO: Kenneth Brown, formerly Craig Huffman
-Appears to have ties to John Stanton
-Company paid EarthFirst (CEO: John Stanton) $100,000 for partial payment of a C.A.V.D. license but never proceeded with anything related.
-Former CEO stepped down, replaced by new CEO coming from EarthFirst.
-Company pushes a "low-impact hydro" unit which is basically a piston-driven machine which runs on water pressure.
-Routinely announces forward-looking press releases which invariably fail to happen. Has been working on concept for six years and currently has no product produced.
-Accumulated Deficit - $13,011,411
-Update: April 2007, company put in their 10-KSB that they are once again moving production back. This time to the second half of 2007 for the production of the initial ten units.
-Update: Aug 3, 2008. Company recently changed it's name to NGRN.PK and did a 1-for-30 reverse split. Stock is trading at $0.16.
-Update: Jan 11, 2009. Company recently purchased C.A.V.D license and resumed putting out press releases again after a lengthy hiatus.

Bulova Techologies.
- Linked to John Stanton


John D. Stanton is also the CEO of Online Sales Strategies, Inc. (OSSG.PK) and private companies, Pangea Ultima and Cast-Crete.

March 6, 2007: John Stanton transferred some of his share holdings from OSSG to another entity--VitalTrust (VTBD[.ob]). The assets transferred were as follows:

Trading Symbol ... Number of Shares ... March 5, 2007 Value
EFTI ... 120,000,000 ... $13,200,000
NNBP ... 20,000,000 ..... 1,800,000
USEI ... 20,000,000 ..... 1,700,000
USSE ... 225,000,000 .... 47,250,000
SSTP ... 225,000,000 .... 49,500,000 **
NCSH ... 36,000,000 ..... 24,120,000

** (update 8/14/09) SSTP shares were based on spin off of SSTP shares announced by USSE. The spin off never happened.


Updated:
Trading Symbol ... Number of Shares ... March 5, 2007 Value ........ May 2008 value ..........................Jan 11, 2009 value of those original shares
EFTI ........ 120,000,000 ........ $13,200,000 ....... Defunct (-100%) .............................................................defunct (-100%)
NNBP ........ 20,000,000 .......... $1,800,000........ $500,000 (-72%) (now NNBPE.OB) ..........................$120,000 (-93.3%)
USEI ........ 20,000,000 .......... $1,700,000 ....... $40,000 (-97.6%) ............................................................$10,000(-99.41%)
USSE ........ 225,000,000 ......... $47,250,000 ....... $4,050,000 (-91.4%) ................................................$1,125,000(-97.62%)
SSTP ........ 225,000,000 ......... $49,500,000 ....... $6,750,000 (-86.4%) .................................................$6,525,000(-86.82%) (Update 8/14/09, these don't exist as the USSE spin off of SSTP shares never happened as announced by USSE.)
NCSH ........ 36,000,000 .......... 24,120,000 ........ $741,176 (-96.9%) (name change to PGXC.PK and 1-for-17 reverse split) ....$14,824(-99.94%)

The total value of these holdings based on the share price is $137,570,000. Much of this 'value' is tied up in USSE and SSTP. USSE's only assets appear to be a pyrolysis reactor tube (to heat material and condense vapors). SSTP, which was recently created and spun off by USSE (update, SSTP spin off failed), doesn't appear to have any identifiable assets at all. The share price leading to SSTP's extraordinarily large market cap seems to be simply a function of a very small float. The assets in SSTP shares transferred to VTBD are also valued based on the share price even though the bulk of shares aren't in the float. (Update 8/3/08. VTBD has recently changed its name to Renewable Energy Resources (REER) and currently has a price of $0.01, down from $0.16 at Mar 6, 2007)

(update 1/11/09)Relatively new on scene: ... Jan 11, 2009 value .... Aug 14,2009
REER[.PK] ............$0.031 (was VTBD) ...................................................$0.0045
PGXC[.PK].............$0.007 (was NCSH) ..................................................$0.01
NGRN[.OB]............$0.063 (was IHDR) ....................................................$0.023
GETG[.PK].............$0.92 .............................................................................$0.22
BLVT[.PK] (New add) ..................................................................................$0.45

Jan 11, 2009 NGRN (originally IHDR then RENW then RWER now NGRN) did a 30-1 reverse in 2008.

This also should spawn a list of some of the people involved. Note: Only a court of law should determine fraud. But if the people in this list show up somewhere on a stock you own, it might be worth a little caution as these people have demonstrated an uncanny ability in consistently destroying shareholder wealth:

John D. Stanton
Alexander H. Edwards III
Jens Dalsgaard
Dr. Matthew Zuckerman
Craig Huffman
James Thomas, Esq.
John H. Rivera

(Update 1/19/09. On Nov 26, 2008, Renew Energy Resources (REER) received a cease and desist order from SEC. http://idea.sec.gov/litigation/admin/2008/33-8986.pdf )


(Update 8/14/09. New Green Technologies (NGRN.OB) announced CEO Craig Huffman and director James Thomas were stepping down. George Ring is the new CEO and John Stanton himself became a director.)

This board was set up to discuss this group of companies associated with John Stanton and whether or not any of them have any merit other than momentum plays when they start their PR campaigns. It is difficult to talk about the relationships between John Stanton and these companies individually and in some cases the moderators of the individual boards are paid by the company involved to keep the board free from negativity.

you will have to excuse my french brother,:)

always nice to see somebody trying to set things strait,especially on this board full of sharks!!
good work Gary,keep it up!
newl is not for debutante
do your DD!

http://www.bloomberg.com/quote/PGCX:US/profile

why is there a Chief Operating Officer
John D Stanton on the bloomberg site?
it is not on the otc chart.on the otc chart it is Company Directors
Terry Tyree.
if john d stanton as been put there by mistake then i have made a big mistake.you can go back to sleep.

Virtual Sourcing Inc ADD TO WATCHLIST
PGCX:US 0.0190 USD 0.0095 100.00%
Share
As of 20:10:00 ET on 08/04/2014.

Snapshot
News & Press Releases
Stock Chart
Company Profile
Company Profile for Virtual Sourcing Inc (PGCX)
Virtual Sourcing Inc provides environmental solutions. The Company offers solutions to manufacturers, service organizations, insurers, and government agencies regarding waste management challenges.

CONTACT INFORMATION
Virtual Sourcing Inc
9950 Princess Panm Avenue
Suite 320
Tampa Bay, FL 33619
United States
Phone: 1-813-623-5268
www.virtualsourcinginc.com
Key Executives for Virtual Sourcing Inc (PGCX)
Mario Faraone
Interim President
Jim Mosbaugh
Chief Operating Officer
John D Stanton
Chief Executive Officer
Quotes delayed, except where indicated otherwise. All prices in local currency. Time is ET.

John D Stanton
Chief Executive Officer ,that is from bloomberg web page

he is the ceo of Virtual Sourcing,there is no ceo name john d stanton at pgxc PANGENEX CORPORATION

EarthFirst Technologies, Inc as John D. Stanton Chairman of the Board, President, Chief Executive Officer
https://www.google.com/finance?cid=663001


sorry but even the way the scam work for almost all of them, with a great product that nobody as ever seen working and only make a great pump with great news and finely tune manipulation to make believe, and then trap peoples money in to it.i am sure that you can see the pattern been amazingly very similar with this one.

sadly it will probably pump up a bit again tomorrow and then crash so fast that it will be a big lost for a lot of people who get trap by pumpers.

it took my interest today for the first time,sure 100%in a day is always great.within 4 hrs of researches i can say that for this company before i invest in it, will have to show me a lot more then a simple release saying they have an incredible product and they have big business starting now.with out any proof at all!!
patience if it is legit it will show soon.then it will be time to bet on it.imho


it's a pump and dump! now may be to late to get on it.

EarthFirst, John Stanton's firm, claims to be at "the forefront of alternative energy sources," according to its Web site, but still gets most of its revenue from moneylosing waste-disposal and biodiesel-import businesses, and recently filed to allow Laurus Capital to sell 76 million shares, whose proceeds would be used to retire convertible debt held by Laurus. A self-described turnaround expert, Chairman Stanton doesn't disclose in EarthFirst's sec filings anything about the $157 million collapse of Keller Financial, a used-car finance firm in Florida he briefly ran. A plaintiff attorney reportedly claimed that Keller preyed on unsophisticated, elderly investors. Stanton later paid $181,000 to settle a bankruptcy trustee's claim.

Stanton owns stakes in U.S. Energy Initiatives, which lost $4.5 million on sales of $426,000 in the first half of 2006 trying to sell kits to reconfigure diesel engines so they run on natural gas; and U.S. Sustainable Energy, which claims a catalytic vacuum distillation process that sounds remarkably similar to the one John Rivera is cranking up over in Natchez. Both involve heating organic materials in a vacuum until they break down into carbon and vapors that can be condensed into a low-grade fuel oil. "Why you'd put soybeans in there, I don't know," says Thomas Adams, a biofuels expert at the University of Georgia. "Sewage works just as well."

Adams questions how Rivera can produce biodiesel without methanol--or transform 60 pounds of soybeans into 37 pounds of biodiesel, versus the 27 pounds generally considered the limit. Rivera says his process is a secret and now claims he means "biofuel." He's not the only one pushing the limits of science: In its sec filings EarthFirst claims it can create more than 20 pounds of carbon, fuel oil, combustible gas and scrap steel from a 20-pound tire.

While scrambling for green-energy investments they can trumpet in news releases, penny-stock operators invariably collide. That's what happened in Plaquemines Parish, south of New Orleans, where Earth Biofuels of Dallas last year announced plans to restart an alcohol refinery, closed since the first ethanol boom went bust in the early 1990s. Months later South-ridge Enterprises, a onetime mining operation now in the ethanol business, said it was buying $6 million worth of equipment from the same plant to build its own 60-million-gallon-a-year ethanol refinery. Its shares jumped 20 cents to $1.84 on the news.

Earth cried foul, saying it owned the equipment. Southridge has sued Earth's partner in the deal, blaming it for the loss of $60 million in market value. A lawyer for the Louisiana partners says he expects the case to be dismissed, but the point seems moot: Earth has since imperiled its own $27 million investment by failing to come up with $80 million to finish the refurbishment by a Dec. 4 deadline. Earth says the project is "still viable."

So, apparently, is AFV Solutions of Irvine, which plans to import hybrid natural-gas/electric buses from China. Up until early 2005 AFV was known as Dogs International and planned a chain of "bed and biscuit" upscale kennels. (It still owned one in Flagler Beach, Fla. as of its most recent sec filing in November.) Dogs International turned green after Jeffrey Groscost, former speaker of the Arizona House of Representatives, took over as chief executive. Groscost was famous in Arizona for pushing through a subsidy program for alternative-fuel vehicles in 1999 that cost the state more than $200 million before it was shut down; buyers could get up to half the cost of a $50,000 suv back from the state.

AFV shares surged from $1.60 in 2005 to $11.30 in May 2006. That's when it announced $4.8 million in financing and plans to import Chinese buses. AFV has yet to sell a bus, and its share price has since deflated to $4.50. Groscost died suddenly in November.

Multi-CEO John Stanton
appears to have ties with a large number of companies. These companies include or may include EFTI[.ob] (update: defunct), OSSG[.pk] (update: now GRWT[.pk]), NNBP[.ob], USSE[.pk], SSTP[.pk], RENW[.ob], GSNH[.pk] (update: now DVAR[.pk]), IWDM[.pk], CYBR[.pk], USEI[.ob], ACMG[.pk], GRLY[.ob], NCSH[.ob] (update: now PGXC[.pk]), JMCP[.ob], ONYI.[ob], VTBD.[ob] (update: now REER[.pk]), (update 1/11/09) GETG[.pk] and (update 8/14/09) BLVT[.pk]. These companies have been notorious for destroying shareholder wealth but seem to keep investors' appetites whetted by putting out a continuous stream of press releases announcing deals and events but which most often never come to fruition.

This may not be a complete list of companies related to John Stanton. There also appear to be associations of various forms between all of these companies.

An article also recently appeared in Forbes regarding some the members of this group of companies. The article can be found at...

http://www.forbes.com/free_forbes/2007/0226/078.html

These companies often (but not always) focus on the socially-appealing "Renewable Energy" sector and tend to spend the vast bulk of their time on pushing the stock of their companies through press releases and promotion agencies such as Redwood Consultants, LLC. While most of these companies indicate that they are close to production, none ever seem to provide any indication that they even have a commercially viable product, few have shown any revenues whatsoever and all are operating significantly in the red. Funding appears to historically have been exclusively from shareholders. Of those that file with the SEC, the reports show that millions of dollars find their way out the door and all these companies seem plagued with setbacks which for various reasons stop them from making any progress toward becoming commercial.

The two exceptions to no revenues is Earthfirst (EFTI) and U. S. Energy Initiatives (USEI). However EFTI generated substantially all of its revenues as an electrical contractor, not through the renewable energy concept it heavily pushes. Likewise, U.S. Energy Initiatives seems to try to market itself as a company providing dual-fuel hybrid conversion kits for diesel engines but substantially all of its revenues seem to be derived from prototyping and designing electronic components. Both of these companies operate at continuous losses despite the revenue contribution of non-core business segments.

Here is a synopsis of some of these companies:

EarthFirst (EFTI.OB}
CEO: John D. Stanton
-604,010,294 shares outstanding, current price $0.10. (Update 8/3/08 current price is $0.003, recently moved to the pink sheets)
-Pushes "Catalytic Activated Vacuum Distillation" or C.A.V.D.
-Tried unsuccessfully for many years to use CAVD to render used tires into useful materials. Still unsuccessful. Currently trying to market a palm oil based biodiesel.
-Formerly Toups Technology, previous shareholders lost the bulk of their money.
-Accumulated Deficit - $71,470,920 (total losses since inception)

Nanobac Pharmaceuticals Inc. (NNBP.OB)
CEO: John D. Stanton
-Attempts to research nanobacteria.
-Hired WallStreetResearch for a research report on Nanobac
9/11/06. $0.10. 12 month target $0.91. Currently: $0.09. (Update 8/3/08 price is $0.017)
-WallStreetResearch used market capitalization prices of companies worth 3 to 7 times Nanobac to estimate Nanobac?s value. The report states the basis for their comparisons in valuing NNBP at $0.91: "All three firms listed in the 'Comp' table are publicly-traded comparables to Nanobac, in that they are all development-stage biopharmaceutical company focused on research and development, reporting recurring losses. Like Nanobac, they also have existing and pending patent applications as well as collaboration agreements with major partners. This is where the similarities end."
- Accumulated Deficit: $20,490,865

IOWorldMedia Inc. (IWDM.PK)
CEO: John D. Stanton
-WallStreetResearch Report 11/8/2006. Price: $0.80. 12-mo target: $2.28. Currently: $0.19. (update 8/3/08 price is $0.038)
-For valuation 'comparables' to estimate IWDM's worth, WallStreetResources used eight other companies as comparisons. Five of these eight companies were Google, Yahoo, Clear Channel Communications, XM Radio and Sirius Radio.
Accumulated Deficit - Non-reporting company.

U. S. Sustainable Energy (USSE.PK)
-CEO John Rivera has significant history with John Stanton.
-John Stanton and John Rivera together own 500 million of the 644 million shares outstanding.
-Company appears to have little in the way of assets other than a 'tube' for what appears to be simply for pyrolysis.
-Mr. Rivera has been working on this concept for at least eight years. Previously he ran an unsuccessful development-stage company called GWE Systems which had the same concept but pyrolyzed waste tires instead of the soybeans he's currently trying to profitably process.
-Got listed on pink sheets by reverse merging with defunct Laforza Automobiles
-Tried to reverse merge with CyberCare but failed. CyberCare shareholders lost all value. Company promised to compensate CyberCare shareholders in terms given with attempted reverse merger with Global Realty but that also failed and finally the company reverse merged with Laforza. CYBR shareholders are 'hopeful' of some compensation. USSE is now planning to reverse merge with Diversified Ethanol (ONYI.OB) to get off the pink sheets. Update: Reverse merger with ONYI.OB failed.
-Hired WallStreetResources to write report. 11/6/06. Price then: $0.42. 12 month estimate: $5.55. Current: $0.20. (update 8/3/08, price is $0.009. CEO John H. Rivera recently received SEC action, complaint for alleged fraud.)
Accumulated Deficit - Too early and company doesn't report.

Sustainable Power Corporation (SSTP.PK).
-500 million shares will be owned by John Stanton and John Rivera when share dividend from USSE paid.
-Created and spun off by USSE. No identifiable assets but market cap purported to be at least $150,000,000 based on the addition of 644,000,000 shares from USSE dividend.
-USSE shareholders are expecting their dividend but currently can only buy SSTP shares on the market. Update: May 2007, SSTP dividend fell through and USSE decided to do a 2:1 split instead to 'compensate' shareholders.
- Accumulated Deficit - Company doesn't report
(Update 8/3/08. Current price $0.029. Controlling shareholder John H. Rivera recently received SEC action, complaint for alleged fraud)

Renewable Energy Resources, Inc. (RENW.OB) (Update: Changed to NGRN.OB, Craig Huffman is the CEO again).
CEO: Kenneth Brown, formerly Craig Huffman
-Appears to have ties to John Stanton
-Company paid EarthFirst (CEO: John Stanton) $100,000 for partial payment of a C.A.V.D. license but never proceeded with anything related.
-Former CEO stepped down, replaced by new CEO coming from EarthFirst.
-Company pushes a "low-impact hydro" unit which is basically a piston-driven machine which runs on water pressure.
-Routinely announces forward-looking press releases which invariably fail to happen. Has been working on concept for six years and currently has no product produced.
-Accumulated Deficit - $13,011,411
-Update: April 2007, company put in their 10-KSB that they are once again moving production back. This time to the second half of 2007 for the production of the initial ten units.
-Update: Aug 3, 2008. Company recently changed it's name to NGRN.PK and did a 1-for-30 reverse split. Stock is trading at $0.16.
-Update: Jan 11, 2009. Company recently purchased C.A.V.D license and resumed putting out press releases again after a lengthy hiatus.

Bulova Techologies.
- Linked to John Stanton


John D. Stanton is also the CEO of Online Sales Strategies, Inc. (OSSG.PK) and private companies, Pangea Ultima and Cast-Crete.

March 6, 2007: John Stanton transferred some of his share holdings from OSSG to another entity--VitalTrust (VTBD[.ob]). The assets transferred were as follows:

Trading Symbol ... Number of Shares ... March 5, 2007 Value
EFTI ... 120,000,000 ... $13,200,000
NNBP ... 20,000,000 ..... 1,800,000
USEI ... 20,000,000 ..... 1,700,000
USSE ... 225,000,000 .... 47,250,000
SSTP ... 225,000,000 .... 49,500,000 **
NCSH ... 36,000,000 ..... 24,120,000

** (update 8/14/09) SSTP shares were based on spin off of SSTP shares announced by USSE. The spin off never happened.


Updated:
Trading Symbol ... Number of Shares ... March 5, 2007 Value ........ May 2008 value ..........................Jan 11, 2009 value of those original shares
EFTI ........ 120,000,000 ........ $13,200,000 ....... Defunct (-100%) .............................................................defunct (-100%)
NNBP ........ 20,000,000 .......... $1,800,000........ $500,000 (-72%) (now NNBPE.OB) ..........................$120,000 (-93.3%)
USEI ........ 20,000,000 .......... $1,700,000 ....... $40,000 (-97.6%) ............................................................$10,000(-99.41%)
USSE ........ 225,000,000 ......... $47,250,000 ....... $4,050,000 (-91.4%) ................................................$1,125,000(-97.62%)
SSTP ........ 225,000,000 ......... $49,500,000 ....... $6,750,000 (-86.4%) .................................................$6,525,000(-86.82%) (Update 8/14/09, these don't exist as the USSE spin off of SSTP shares never happened as announced by USSE.)
NCSH ........ 36,000,000 .......... 24,120,000 ........ $741,176 (-96.9%) (name change to PGXC.PK and 1-for-17 reverse split) ....$14,824(-99.94%)

The total value of these holdings based on the share price is $137,570,000. Much of this 'value' is tied up in USSE and SSTP. USSE's only assets appear to be a pyrolysis reactor tube (to heat material and condense vapors). SSTP, which was recently created and spun off by USSE (update, SSTP spin off failed), doesn't appear to have any identifiable assets at all. The share price leading to SSTP's extraordinarily large market cap seems to be simply a function of a very small float. The assets in SSTP shares transferred to VTBD are also valued based on the share price even though the bulk of shares aren't in the float. (Update 8/3/08. VTBD has recently changed its name to Renewable Energy Resources (REER) and currently has a price of $0.01, down from $0.16 at Mar 6, 2007)

(update 1/11/09)Relatively new on scene: ... Jan 11, 2009 value .... Aug 14,2009
REER[.PK] ............$0.031 (was VTBD) ...................................................$0.0045
PGXC[.PK].............$0.007 (was NCSH) ..................................................$0.01
NGRN[.OB]............$0.063 (was IHDR) ....................................................$0.023
GETG[.PK].............$0.92 .............................................................................$0.22
BLVT[.PK] (New add) ..................................................................................$0.45

Jan 11, 2009 NGRN (originally IHDR then RENW then RWER now NGRN) did a 30-1 reverse in 2008.

This also should spawn a list of some of the people involved. Note: Only a court of law should determine fraud. But if the people in this list show up somewhere on a stock you own, it might be worth a little caution as these people have demonstrated an uncanny ability in consistently destroying shareholder wealth:

John D. Stanton
Alexander H. Edwards III
Jens Dalsgaard
Dr. Matthew Zuckerman
Craig Huffman
James Thomas, Esq.
John H. Rivera

(Update 1/19/09. On Nov 26, 2008, Renew Energy Resources (REER) received a cease and desist order from SEC. http://idea.sec.gov/litigation/admin/2008/33-8986.pdf )


(Update 8/14/09. New Green Technologies (NGRN.OB) announced CEO Craig Huffman and director James Thomas were stepping down. George Ring is the new CEO and John Stanton himself became a director.)

This board was set up to discuss this group of companies associated with John Stanton and whether or not any of them have any merit other than momentum plays when they start their PR campaigns. It is difficult to talk about the relationships between John Stanton and these companies individually and in some cases the moderators of the individual boards are paid by the company involved to keep the board free from negativity.

Nano Chemical Systems Holdings, Inc., a Nevada corporation, was incorporated on July 30, 1999 under the name ?Heritage Scholastic Corporation.? Prior to conducting its current operations, the Company was engaged in the business of publishing and distributing supplemental history textbooks for grades K through 12. However, on January 27, 2005, pursuant to a Stock Purchase and Share Exchange Agreement (the ?Share Exchange Agreement?) between Heritage Scholastic Corporation, Nano Chemical Systems, Inc., a Nevada corporation (?NCS?), and the shareholders of NCS, Heritage Scholastic Corporation issued 9,000,000 shares of its issued and outstanding stock to the shareholders of NCS in exchange for 100% of the issued and outstanding stock of NCS. As a result of the Share Exchange Agreement, NCS became a wholly-owned subsidiary of Heritage Scholastic Corporation.


i only ask since i was looking for a lot of information today.
first time i hear about pgcx.

i just find the fact that the company as change name 4 time in its history.could not fund the info about that.i found about Nano Chemical Systems Holdings
now i will look for the rest of them.

i have seen pump and dump before and i like to know as much as possible about the history of a company before investing.

bottom line is today a lot of post on this board selling a great future for this company with a great product that nobody else have.
on the web page of Virtual Sourcing, Inc there is nothing about that particular product.
of course there is that otc disclosure

Virtual Sourcing, Inc. Subsidiary Begins Product Delivery per Its Wholesale Distribution Agreement

WASHINGTON, DC--(Marketwired - Jul 30, 2014) - Virtual Sourcing, Inc. (OTC Pink: PGCX) (PINKSHEETS: PGCX) subsidiary Allied Recycling Corp (ARC) has shipped its first barrels of product beginning fulfillment of its agreements previously announced. Our supplier is ramping up its production capability to meet the demands of our current orders. We expect additional sales in the next few weeks after potential clients conclude testing of the product on their specific projects. Initial test results have been encouraging for use as a down hole solvent in oil wells and as a cleaning agent for several purposes in the oil fields and oil transportation industry. The product branding and trademark are being developed for filing within a week.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management and information currently available to management. The use of words such as "believes", "expects", "anticipates", "intends", "plans", "estimates", "should", "likely" or similar expressions, indicates a forward-looking statement.

The identification in this press release of factors that may affect the Company's future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.

Contact:
Virtual Sourcing, Inc.
info@virtualsourcinginc.com
Investor relations
877-291-0053

wish only the best...

i would like to know what happen to the formerly know virtual sourcing company,did they juste change the name and start a new company with the investor loosing all there investment?
Formerly=PanGenex Corp. until 8-2012
Formerly=Nano Chemical Systems Holdings, Inc. until 4-2008
Formerly=Heritage Scholastic Corp. until 3-05

i try finding the answer and i did not find anything so far
somebody know about that?

it is obvious that the earning anticipate by the market was higher then the last result for 2Q.it's a market adjustment and i am looking for a little peak to dump my share that i bought at 2$.
strong sell.unless you have plenty of time and truly believe in the company future.
LIQD is still losing a lot of money.the short as increase (double)

net income is minus -8.16 millions $.


Income Statement (Millions)
3/31/2014 12/31/2013 9/30/2013 6/30/2013
Total Revenues(Net Sales) 1.28 0.91 0.73 1.39
Cost of Goods Sold 0.60 0.46 -0.23 1.44
Selling & Admin Exps 7.07 7.85 9.60 19.90
Operating Income -8.17 -9.33 -10.46 -21.77
Interest Exp NA NA NA NA
Pretax Income -8.16 -9.41 -10.94 -21.78
Other Income 0.00 0.00 -0.61 -0.01
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -8.16 -7.59 -12.25 -21.67

keep up the good work! tank you.

i am taking a break as of now,i got a big loss and i am gonna take it like a men.
lesson learn.
with this one i got in on the 19 of may at 1$ ps, next day i sold it at 3.45$ ps. better then sex.

i got back in around the second of jun at a 1,03$. not long after it's the first stop by the nasdaq. when it reopen wow did that thing go down.
i bought back share at around 0.10$ to bring down my entry price to 0.28$ . then the second halt from the nasdaq just in time to fuck every one except the short.

i am convince that we lost our chance to get even with the second halt from the nasdaq,it's to late now.it's going down for the count.

all that i made on my first trade with newl as gone it the second trade.
at lest i don't have to worry now for paying taxes on that.

The properties in Kentucky and Tennessee also include natural gas wells and projects relating to extraction of timber, sand,
gravel, fly ash and dimension stone. Management expects third parties to extract some of these commodities on the properties
and pay royalties. In connection with the potential acquisition of the two properties, the Company hired three executive
employees with extensive mining expertise that will manage and supervise the Company’s mining operations. In addition to the
properties located in Kentucky and Tennessee, the Company is also in discussions for the acquisition of additional coal properties.
However, there is no assurance that any such discussions will result in an agreement. As of August 30, 2013, NEWL’s coal
mining business has not yet commenced operations. While management hopes to finalize the acquisitions and begin mining
operations as soon as possible, there is no assurance that the coal business will begin operating in the near future, or at all.
Furthermore, on January 4, 2013, NEWL acquired 3,750 grams of nickel wire (the “Nickel”) in exchange for 258.5 million
common shares of the Company. Management intended to use the Nickel as collateral for funding NEWL’s capital-intensive
activities and to provide a platform upon which to execute its diversified growth strategy. On May 24, 2013, the transaction was
unwound whereby the nickel wire was returned to the seller and the shares issued in the transaction cancelled.
Due to the economic conditions and operational difficulties of the Company, management entered into restructuring discussions
with each of the lenders under its facility and credit agreements, the holders of its 7% Notes and the counterparties to its capital
leases. See 20K “Item 5.—Operating and Financial Review and Prospects—Liquidity and Capital Resources” for a detailed
discussion. To date, management has completed its restructuring, except for the credit facility with Piraeus Bank (CPB loan).
Due to the recent economic conditions of the country of Cyprus and the recent acquisition of the Greek branch of Cyprus Popular
Bank Public Co. Ltd. by Piraeus Bank, the restructuring efforts with Piraeus Bank (CPB loan) have experienced difficulties and,
as a result, have been delayed. Due to these difficulties, NEWL has chosen to treat negotiations with Piraeus Bank (CPB loan)
separately from restructuring efforts with other lenders. As such, there can be no assurance that a satisfactory final agreement
will be reached Piraeus Bank (CPB loan) in any future efforts outside of the Restructuring, or at all. To date, the Company is
also in default under the terms of the 4.5% Note, the Portigon AG Credit Facility and in the Mojave Finance Inc. Credit Facility.
These lenders have continued to reserve their rights in respect of such defaults. They have not exercised their remedies at this
time; however, they could change their position at any time. As such, there can be no assurance that a satisfactory final agreement
will be reached with these lenders. During 2011 and through August 30, 2013, management has sold, disposed of or handed
control over to lenders a total of 20 vessels and hulls under construction (or its ownership of the ship owning subsidiaries) in
connection with the Restructuring. As a result, as of August 30, 2013, NEWL own two dry bulk carriers.
Prior to the Restructuring and as of June 30, 2011, NEWL’s total indebtedness was approximately $585.5 million, which was
net of $76.0 million of beneficial conversion feature, or BCF, related to the $125.0 million of 7% Notes. As of December 31,
2012, NEWL’s outstanding indebtedness was $152.3 million, excluding the $0.048 million of unamortized BCF treated as a debt
discount to the 7% Notes. Clearly the preceding discussion raises significant issues and concerns about the ability of the
Company to execute on its strategy and to continue operations on a sustainable basis going forward. We strongly caution
investors to investigate the Company’s filings and other available information carefully. This stock appears suitable only for
aggressive investors trading with risk capital and should be aware that the entire investment could be lost.

i have fund something about it around 2 weeks ago will stumbling on article telling the story for the second ship coming in late july or august.
it's says the name of the ship is maple cristal and would change for albion 2.

since then i keep an eye on it.
it as not work for a long time,like other ship from newl.

right now the market is low in that business apparently.
so even with that ship becoming a reality (i doubt it) will it make money?
maybe with that mine they claim they have,will see at the end of december if the company still exist.

the name of the suppose new ship is MAPLE CRYSTAL who will be rename Albion 2,it's still anchor in Singapore.

http://www.marinetraffic.com/en/

1- newlead is very much in debt.

2-there is no ship coming unless the company dilute a lot of shares to pay for this,at this rate our share will be worth peanuts.now being on the grey market newlead can do pretty much anything they want without even have to tel anybody about it,with there history of lying about everything and diluting shares it's more likely that this is what is gonna happen.

3-they will not go back on the nasdaq...ever. nasdaq does not like or support company who spreed false rumor to influence the stock of there company.

4-what mine? they have lie about the mine project for a very long time and got problem because of it in 2013.

5-marc ross is being paid with share from the company,just like ironridge!! that is not making me more secure about all that.

bottom line if you have not invest in newl then everything is a lot better for you then for the rest of us.
there is no doubt that newlead as and will continue true manipulation,false rumors and god knows what new ideas they will come up to lead people into misery.

stay away from this very toxic company.

brooksda as writhin this,

1) not going bk, too much recently happening to show me they have given up, so what about their long term debt. I have a house payment that makes me look like I have a lot of debt.
2) the ship is still arriving
3) they will get up listed
4) the mines will provide revenue eventually
5) no more r/s. This is the bottom.
6) still being represented by Marc Ross

Remember newl as lie about almost everything in the past and is still lying now just to keep going,newl did not go to the meeting with the nasdaq like they promise,if they ad go to the meeting they would have been in a very bad situation ,that is the reason we are on the grey market,the worst market of all.they are manipulating the stock by lying and the nasdaq got feed up with them .the mining operation is still not in existence right now there is no way that they will get another ship unless they dilute the share again,really this company is going down...i mean totally down.here goes my investment in to the toilet because of the manipulation by
Michael S. Zolotas
Board of Directors, Member
President, Chief Executive Officer and is accomplice at newl.

what do you think?

Keep it up !
there is a lot more people who just need to read about the possibility to sued the company and joint you and everyone else who wish to fight against the management of the company.

Do you still believe in it?

The valuation of Newl today !

Newl now back to 9.5 million common shares.
IR no longer able to dilute,Damage is done.
Newlead will prevail with these attorney's by there side.
New ships due within next 30 days.
Wash plant to operate by end of year.
Debt is now more manageable going forward.
The past is the starting weds a.m. Newl has a new beginning!
For those of us and their are many. That are down in this Casino stock, Suck it up we knew it was a long shot. But Newl still lives and is a better company going forward.

Newl assets and current OS float, the fair price could be around $5.00 per share,
Possible settlement from IR in the future alone worth $12.00 per share.
Forget the dream about the price per share around $100 and more, but new ships or contracts can teleport shares to range between $10-15 per share.

I do not believe in it but i sure wish it could go back at 15$
Remember newl as lie about almost everything in the past and is still lying just now (did not go to the meeting with the nasdaq like they promise) just to keep going,the mining operation is still not in existence right now...what do you think?

im in

stay away for now

NewLead Holdings Ltd (OTCMKTS:NEWL) is facing problems with an institutional investor. It needs to deal with a series of allegations and claims in arbitration proceedings with Ironridge Global IV, Ltd. The institutional investor is involved in the various transactions with the company on the matter of financing ships and restructuring its balance sheet by using different initiatives. The relationship between NewLead and the investor deteriorated and led the parties to opt for litigation. They even went a step ahead and used the derogatory press releases against each other. The actions have proved detrimental for the reputation of both the parties.
No respite
NewLead Holdings Ltd (OTCMKTS:NEWL) is faced with the problem of repeated trading halts on exchange. The management approach and the company’s reputation are on stake. The stock remains in the down trend. And in the scenario of legal maneuvers, it is better for the investors to stay away from the stock.