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I haven't read anything about lawsuits. Do you have a link to that story?
Like I said it is never wrong in my book to take a very nice 10K gain; however, the closing price was $3.01. The challenge now is how to get back in - especially if you sold all your shares. With over 8 million in volume trading today, the momentum is very very strong - it will likely open higher in the morning.
8.07 close for Blink - very clever!
I have Blink on my watch list. Two different stock research groups cast doubts about the company's viability. Mariner Research Group published a report raising questions about "product quality, customer churn and user experience. They don't think they can compete with its peers. So I am holding off even though it has lost half of its share price from some $15.00 plus going from memory.
Right now I have had to raise all of my bids. The 100,000 share bid has been raised from $1.00 to $1.50
Very good! Its never wrong to take a gain, but now the challenge is getting back in. Right now it will cost you about $2.50 a share.
I think they will likely meet the $4.00 share price requirement for NASDAQ listing and can therefore raise the $35 million they are seeking at the rate this company share price is going up.
The requirements for NASDAQ listing:
Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company. Also, the regular bid price at the time of listing must be $4.00, and there must be at least three market makers for the stock.Aug 5, 2019
They have only recently applied for the NASDAQ IPO listing as I recall. As I also recall, a request of that nature will take awhile to come to fruition.
Cost basis for 60,000 shares is $1.62. Am looking for more on dips. Will take some gains periodically. Locking in more house money.
ALL-IN. I don't think you will be buying any more GreenPower at $1.40 today LOL!! It's still 2.19 as of now. I have orders in for 2.00, 1.80, 1.60 1.40 and 100,000 shares at 1.00. I may get the 2.00 order filled if I am fortunate.
ALL-IN888. I am using all house money at this point. Thanks for the advice though!
xx
Looks like the IIROC stopped trading temporarily. Not a bad idea with over 3 million shares trading hands already.
IIROC Trading Resumption - GPV
3:43 PM ET 8/21/20 | Dow Jones
VANCOUVER, BC, Aug. 21, 2020 /CNW/ - Trading resumes in:
Company: GreenPower Motor Company Inc.
TSX-Venture Symbol: GPV
All Issues: Yes
Resumption (ET): 3:30:41 PM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
View original content: http://www.newswire.ca/en/releases/archive/August2020/21/c6498.html
/CONTACT:
I said I would buy more this morning to add to my 60000 shares. I did so and I also took some gains.
Still have 50,000 shares which I intend to hold.
https://video.foxbusiness.com/v/6178502057001/#sp=show-clips
The above link provides you with the interview from around 3 August of this year on Fox Business News with Charles Payne interviewing Craig Irwin, Senior Analyst Roth Capital. Irwin is recommending his top picks for the Electric Vehicle industry. He has a $27.00 price target on Workhorse (WKHS) and spoke very highly on PLUG. He stated Plug has 24,000 forklifts in warehouses handling 40% of all warehouse work. Regarding GreenPower Motors, he talked about the innovative Electric Vehicle Transporters that Green Power has already manufactured and delivered to various locations, especially to California. He stated they already make a profit on just $5 million in revenue. He also stated that Green Power and his other EV recommendations are in a very hot sector and that the millennial generation especially love this sector because it is a sector they strongly believe in and can grow with.
Fox Business News has been a great source to me for fantastic investing leads. I have made very good returns using their leads as my starting point. Of course, we all have to do our due diligence before investing as financial reports should be reviewed before investing in any company, especially the OTC listed companies where SEC oversight is very limited.
Enjoy this short clip of about 4 minutes.
Best wishes to all those on InvestorsHub! I really enjoy all the comments on this site. GreenPower is the first OTC company I have invested in a long time and that is why I have just resubscribed to InvestorsHub. This site tends to provide very good information regarding the OTC companies that you can't find elsewhere.
Age of Reason. I pay $3.45 for each transaction on ETRADE for Green Power regardless of the number of shares purchased or sold. My transactions size has ranged from 1000 to 20,0000.
OMAC104 You have probably stated the correct cost per transaction. Thanks to RobinHood's free trade policy, all the other major platforms followed suit with free trades on the US major index companies. Before the ETRADE trades became free, I negotiated a special $3.45 per transaction trade rate because of the size of my accounts with them and the very high number of trades I have done over the years. So this probably explains my $3.45 charge for every GreenPower transaction.
AgeOf Reason. I use the ETRADE platform and I pay $3.45 for every transaction for Green Power, in reply to your inquiry about costs per transaction.
I first heard of GreenPower Motor Company about 10 days ago on Fox Business News with Charles Payne doing the interview with an individual who recommended Nikola, Workhorse, and Green Power for the Electric Vehicle companies.
I did some due diligence on Green Power and started buying the next days at 89 cents a share. I have owned as many as 100,000 shares since then. I took some money off the table and currently hold 60,000 shares at the closing price of $1.63.
I plan to buy more this Monday morning, 24 August. As with any small developing company, they need to raise cash and their request for NASDAQ listing, if approved, will enable them to raise $35 million as part of their IPO request.
I think this company has a bright future with its various types of highly innovative EV transporters. If they get a buyout offer, the price would immediately skyrocket. As with any small company, everyone should do their due diligence and invest if so led. Personally, I like what I have bought and will continue to buy and I love the realized and unrealized gains I have made with this company.
Thanks. Actually I want very much for this company to succeed as I have friends who have owned this stock as long ago as February 2014 when it went public. I want to see them to recoup their paper losses as they currently are way down from their purchase price of some 75 cents to $1.20 per share. Rather, of course, I want them to have some realized gains some day.
Having said that, there is a lot of frustration among my friends and from some of the people on this message board because it seems that none of the promising press releases ever come to fruition. If that were to ever change for the better, I would also invest in this company. Until then, I have to remain on the sidelines with ALLM on my watch list.
LTE I have been reading through all the posts regarding ALLM. It might appear they don't do conference calls as promised as they have no accomplishments to highlight. They continue to make lots of deals that never come to fruition. Do you recall ColUmbia? RRDA? Harvest Technology? the massive South Africa deal with Naldagon? the factory in Palm Beach that they already own and have allegedly owned for some years but do nothing with - yet they want to borrow money to buy another factory? etc.............................
All these issues that you and Magmar in particular point out would appear to be signs that everything may not be on the up and up here. I am looking for a company with promising technology but this one may not be the one to succeed. But I have been known to be wrong, to be fair about it.
FAREWELL: I received a private message asking why I have stopped posting to Investors Hub so I will make what is likely my last posting on Investorshub.com
The main reasons are I have sold all my stock in this company and I have no more facts about this company. I no longer communicate with any of the founders and I have not had any additional visits to EK Labs, etc. For me to make additional posts, I would simply be rehashing old stuff or I would be engaging in speculation – things I don’t want to do because rehashing or engaging in speculation can turn out to be wrong.
The things I have posted in the past have all been true to the best of my knowledge, e.g. I was chewed out royally via email by the CEO for selling some 300,000 shares on the open market (I didn’t know I was doing anything wrong as this was my first and last start-up company but in retrospect, I could have contacted the company and offered to sell off the open market to avoid depressing the share price as the CEO indicated to me), I talked about my tour to EK Labs, I still am the only one to have revealed the actual address of EK Labs, etc………………………………………
For those still holding this stock or are considering investing in it, I would suggest that you might want to concentrate on 2 areas:
1) Contact the company on their website telephone number and ask for an open house of EK Labs as this is where they would be able to demonstrate and prove what they can do.
2) You might also ask them for photos of the ongoing construction of the first facility in Vidalia Georgia that per the CEO’s (Mr. De Liege) recent TV interview, RRDA should be breaking ground this month and the facility should be operational by June 2016.
If this first factory in Vidalia should pan out with real earnings and profit, then you likely have a great investment.
Finally, in closing out my probable final posting, I apologize for borrowing that “Christer” terminology from another person on the message board and being critical relating to this. Just because I am severely struggling in my Christian faith is no excuse and that is why I offer my sincerest apology to anyone I may have offended. My best friends continue to be Christians and this won’t change regardless of my spiritual beliefs. Fortunately for me, when I do mess up, these Christians always welcome me back.
I wish all the investors in this company the absolute best. Personally I have very recently moved on to large cap blue chips like (COP) ConocoPhillips, a $47 billion cap company which pays me nearly an 8% dividend while it has lost nearly 50% of its share price due to the oil collapse. I won’t get rich but this company’s share price is very close to its bottom with West Texas oil at 28.00 to 32.00 per barrel. Oil was at $147.00 per barrel at its peak. What I am saying is that I like large caps that are never going away with large dividends and I have learned start-up companies are not for me. I like sleep-well at night companies – LOL!
Best wishes to all!
<<Religion is an insult to human dignity. Without it you would have good people doing good things and evil people doing evil things.
But for good people to do evil things, that takes religion.
Steven Weinberg, Nobel Prize Physics>>
Ascanius, why have you suddenly removed your Steven Weinburg quote from your posts as shown above? All of a sudden, do you like the Christers as you call them? All 3 of the founders claim to be devout Christers whose mission is to spread the gospel. I was grossly deceived by one of those Christers as you can tell if you have been reading my posts.
I was assured that all of those company press releases, most often way in advance by the way, were the absolute truth when in fact I firmly believe now they are the farthest thing from the truth.
I believe it is a P and D and that is why my complaint is nearly ready for the FBI to evaluate. I don't like being deceived and I don't like seeing others continue to be deceived. When I am deceived and it costs me money, I want to do what I can do to stop the fairy tale nonsense. The entire company concept rests on this stand-alone like water heater turned on its side with a bucket and no outsider is allowed in to see it or even to have the address for the tiny warehouse in which it is housed - for obvious reasons.
If the FBI tells me my complaint is inadequate, then I will stop posting.
<<I was semi optimistic but the south African ZAR is still tanking. Waiting was supposed to help them out with the conversion. If they didn't want it 2 months ago I doubt it's going to get better for them>>
Hello........It is all a fairy tale - it has nothing to do with the U.S. dollar or the South African Rand or what Peter Pan is going to do next.
<<Give the FBI's Securities and Commodities Division a call.>>
Thank you Troubleshooter. I have already prepared a draft, that when finalized, will go to the FBI Field Office in Miami at: Miami@ic.fbi.gov for their review.
SEC Complaint??
<<He cleared it up by showing everyone what a full blown scam this
is. He did that by clearly showing that his $5 million or so in
investments (equity and debt financing) went into what looks like
a water heater turned on its side that's operates with hay as
feedstock and the end product comes out into a bucket!>>
<<Where did all of the money go - $5 million should produce a lot
more than that, shouldn't it? >>
<<Where is the SEC on this one?>>
LTE, you ask where the SEC is on this one. Why don't you join me in also filing a complaint to the SEC using the link and the accompanying electronic form that I just provided on my most recent post to this board?
You have a lot of facts/information based upon your research and I have a lot of facts and information based upon my research and very numerous conversations with one of the 3 founders to include the special tour that my wife and I were given of EK Labs, you know, the place where that stand alone water heater type device with the weak patent on it is located.
I have a lot of material. For example, I still have the email from the CEO chewing me out real good for "selling my large number of shares irresponsibly on the open market" over a period of several months, when in fact, I see that the 3 founders have been doing the exact same thing for many months. What he did, by telling me not to do what he and his other company founders have been doing, may not be a crime, but when you have a lot of unsavory things like this going on for a long period of time, perhaps it might add up to mean something to the SEC. I don't know but I will find out.
Your research and my research leads us to believe that Naldogen and RRDA may not be real companies that have real money and any real history with Bio-Fuels, etc. RRDA was just established on paper in 2014 and when you go to their website, they is a clear relationship with ALLM as I read it and one of the 3 "founders" of RRDA had a small home foreclosed on due to non-payment. This is something the SEC could possibly check out if they take the complaint seriously.
Another of many questionable issues that I am raising, the founder that I met so many times with (mostly thru church) told me all of his 5,000,000 plus shares were restricted for 3 years. Based upon the hundreds of thousands of shares he has sold and given away to family since the stock first started trading in February 2014, I think that could be a false statement. Now is he legally bound to tell me the truth in a private conversation? Probably not.
I could make this list of perceived irregularities go on for about 10 pages. As a matter of fact, I did send a 10 page list to the founder I know when he requested to meet with me. After he saw all the issues, he decided he did not want to ever meet with me again.
I bet they are very busy planning that promised "OpenHouse" at 208 West Marvin Ave.
Possible Fraud - Anyone with appropriate information of potential "fraud or wrongdoing" can submit a complaint against this company to the Securities and Exchange Commission by going to the link below and use the electronic form for their submission:
http://www.sec.gov/complaint/tipscomplaint.shtml
Having said that, I have spoken to my attorney who stated no one can successfully sue and win against this company as they have gone to great length to create plausible deniability. For example, they have a weak patent on that water heater look alike and their "fully disclosed financial reports to the SEC have always shown an extremely dire outlook with all kinds of disclaimers. They have repeatedly stated they may not have enough money to continue operations into the next quarter. Their financial reports to the SEC also show that the founders have been selling hundreds of thousands of shares on the open market with their 5,000,000 shares each that they paid virtually nothing for ($5,000.00)
I don't know that the SEC will do anything at all with my complaint - other than laugh out loud at me and the people in that mega-church I attend - for getting involved in the first place. I managed to get most of my money back (the money I did lose, I have more than recouped in 2015 from legitimate investments in the stock market) so my attorney, knowing this, did laugh a bit after I gave him the story on this company. After he stopped laughing, that is when he stated that I could contact the SEC but don't waste any of my money in pursuing this matter. So I am following his advice.
(By the way, I attend church only because my wife goes there - I am no longer a Christian as, after a lot of study, I now believe all religions ever created by man are nothing more than fairy tales). I may owe this insider a great debt because after going through this fairy tale experience with this company with someone claiming to be a Christian, it caused me to study and look objectively at all religions. Now I know, for one of many examples, that the idea of the Creator of the Cosmos, if he exists, will not torture microscopic sized beings for trillions of years for not believing in a being who does not communicate with them in any way. The Cosmos is way to big (it never ends) for a Creator to want to torture tiny microscopic sized living beings for eternity. We are simply way too small to know much about the universe around us.
EXTRACT FROM SEC LINK:
Enforcement Tips and Complaints
If you would like to provide us information about fraud or wrongdoing involving potential violations of the securities laws, which may include the conduct listed below, use the Tips, Complaints and Referrals Portal. See also further information about submitting a tip or complaint.
Ponzi scheme, Pyramid Scheme, or a High-Yield Investment Program
Theft or misappropriation of funds or securities
Manipulation of a security's price or volume
Insider trading
Fraudulent or unregistered securities offering
False or misleading statements about a company (including false or misleading SEC reports or financial statements)
Abusive naked short selling
Bribery of, or improper payments to, foreign officials
Fraudulent conduct associated with municipal securities transactions or public pension plans
Other fraudulent conduct
Important Notes
<< They can make sugar for a fraction of the cost anyone in the world can.>>
A stand alone water heater or perhaps somewhat of a likeness thereof, turned on its side, as was shown by the company on its recently released 7 minute TV interview, with me in one of the photos, which I recorded in its entirety by the way, cannot make sugar from cellulose or any other material on the planet. This stand alone water heater cannot even heat water. However, I do like the bright green paint places on the heater and I love the tiny little cap in the middle of the water heater which, if you watched the video carefully, Dr. Cohen removed for the demonstration so that my wife and I could peek through to see those brown specks floating inside when the water heater was turned on for a few minutes. We didn't get to touch or taste the "sugar" but that is what we were told it was.
One of the founders of this company sent me an email stating that it was obvious that I had something against him (probably based upon some of my posts about all the shares he was selling on the open market and all the money he was making selling his free shares - after I was criticized for doing exactly the same thing (but I paid for my shares) by the CEO via email) and that as Christian brothers, he would like to meet with me.
I replied that I would indeed like to meet with him and I attached a 5 page letter concerning many perceived irregularities I have and still have about this company and stated I would like him to address these concerns during our meeting. I also suggested that those people within my church that he had verbally guaranteed would make a lot of money, should be reimbursed for the money they were going to lose. In other words, restore their principle and forget about all that money they were going to make.
What I received in return was a terse response that I knew the risks when I got involved in this company and he considered the matter closed - end of subject, especially since I had finally sold all of my shares. No meeting would beheld.
Needless to say, he certainly is not my brother and if hell was not a clear evil fairy tale proclaimed by many man-made religions to scare people into submission, I believe a special place would be reserved just for him. It probably wasn't expedient on his part to respond in the way he did after coming on as such a good Christer promising serious monetary gains due to the "global disruptive technology" of this company. But hey, as Ascanius so eloquently puts it, all he has to do, as a Christer, is present his "Get Out of Jail Free Card" and he will proceed to heaven.
LTE's partial comments from several months ago about the statement that "they can make sugar for a fraction of the cost anyone in the world can" is shown below. As usual, he was spot on.
<<That is ridiculous.>>
<<If that was true, they would have Kleiner Perkins Caufield & Byers (venture capital), BASF, Total and others interesting in investing in this technology. >>
<<ALLM has gotten so desperate that they had to resort to "death spiral
financing" which is the last resort: >>
LTE, Good point about the mystery millions from a third world country where no one can check on the company. But don't forget about the chip off the old block, RRDA. You have already discredited this company as a sham job that was created on paper in 2014 where one of the founders couldn't even make his mortgage payments. They have no money and they will not build any of the 56 factories, to include the initial one in Vidalia, Georgia. But they are breaking ground right now in Vidalia - LOL!
<<LTE, ref RRDA, the company that is supposed to build up to 56 factories via contract with ALLM, I see the corporate headquarters is listed as 6750 River Springs Court, Sandy Springs, GA 30328 on the RRDA website - link shown also below. Please confirm this is correct. If I have this right, then the link immediately below from google earth shows it is located in a small residential house using this address. Would you confirm if I have the correct information thus far? >>
<<wiseone01, thanks for your insights. >>
<<This appears to be a full blown scam.>>
LTE, you are being very kind to say "this appears to be a full blown scam".
If you ever saw the 2 bales of hay and the small bin of what appears to be ground-up hay beside what has been described as a water heater turned on its side with a bucket by it, as I have, you would have stronger words to describe what is going on with this company.
The process that is supposed to be happening is shown on the company website at the link below in its 1 minute and 41 second animated film. It is called the Carbolosic CTS process. See link below. You had better hurry as it might be removed. As of this evening, it is still there.
http://www.alliancebioe.com/corporate-overview.html
There is no resemblance with the 3 items on the "production" floor (2 bales of old hay, small bin of ground up hay and the stand-alone water heater turned on its side) at the tiny warehouse called EK Labs located at or near 208 Marvin Avenue, Longwood Florida.
Several days After my tour of EK Labs in June, I emailed the CEO letting him know that, in retrospect, what I saw on the tour in no way mimicked the animated video process on the company website and that, if he let any intelligent person come thru on a tour with the warehouse as it was when I saw it, it would immediately end in total disaster as it would immediately scare them off. He replied he would fix all that prior to the Open House or future tours, which never occurred. Obviously, everything is still the same as I recognized myself in one of the photos from the recent TV interview. The patented machine still resembles a water heater turned on its side.
I was very surprised to see those photos during the TV interview. I was shown in one of those still photos in the aqua colored shirt, fortunately with my back turned to the photographer.
I have more such photos but I chose not to release them as I am shown in all of them.
What u do not see in the photos shown by the company during their TV interview are the 2 bales of hay on the far right located on the floor and next to that is a small bin of the hay that has been ground up into a fine meal.
To the left of the hay meal is the "patented" machine that someone described as a hot water tank turned upside down.
The stand alone machine was turned on for a few minutes and supposedly the meal that had purportedly previously been placed in the top of the machine was then being converted to sugar at the bottom end. There was a small cap on the machine that was removed allowing me to view brown particles floating around. I was told this was sugar but I could not taste it or feel it.
After 2 days of studying various items, including the complex and connected 1 minute and 41 second film of the process shown on the company animated film, which you can still see on their website, I concluded there was no similarity between the 2 and I realized I had made a huge mistake. I started selling my stock at that point.
I don't know anything about fraud but it is a little bizarre that when I happen to go by there on a weekly basis on average and I see no sign of life at the little secured warehouse you have seen on google earth, it makes one wonder what's up.
Maybe they work a straight night shift? Or maybe they were all away for a break or...... something else during those times when I was passing by - just an observation.
Even if they work nights there, any reasonable person might think that, as a demonstration showcase for a company trying to get a factory built, they would actually offer demonstrations and post photos and videos online of the exterior as well as the interior of EK Labs on their website.
But I have never founded a company, perhaps I have it all wrong.
I can't respond to where the money went as only the founders have this information.
What I can point out from the extract of your most recent post below is that, what was later renamed Ek Labs, is supposed to serve as a research and demonstration facility. After being open for over 6 months, it clearly is not being used as a demonstration facility and actually appears to be operating, if you want to call it that, in great secrecy. If Frisbee is not an insider (and I don't know one way or the other which he is), he will discover this for himself.
Extract from LTE Post:
<<In January 2015, Central Florida Institute
of Science and Technology, Inc leased office and
warehouse space in Longwood, FL, which will serve
as its research and demonstration facility.
LTE, this is the location where you and perhaps others have been repeatedly asking for photos and videos to be posted, ever since the June 11 announcement that EK Labs is now operational. For some strange reason, the company does not want to release any footage whatsoever and for that matter, they have never released the location.
Hi Mr Frisbee:
You will likely find that the door is locked at 208 West Marvin Avenue, and that no one is present when you visit. You likely will not be able to enter, especially if you show up unannounced. If you try to get an appointment, you likely won 't get one.
The press release from June 11 states that "EK Labs will not only be the quality control center for the CTS process around the world, it will also be a profit center and operate as an independent lab capable of a wide range of analysis for industrial materials, pharmaceuticals, fuels, gases, pesticides, pollutants, sugars, perfumes, lipids, fatty acids and a wide range on other materials and industries".
HINT: All the technical arguments of the past few days going back and forth between LTE and the insiders and some outsiders are all very good but if this tiny warehouse is always shut down and closed to the world, it might possibly be an indication that your debates might possibly be superfluous.
The truth of this company relies on the physical site where the company states their disruptive global technology has been proven on multiple occasions. If no outsider can get in to observe all these technological wonders, then this might indicate a problem or two. It might also indicate your focus is misplaced.
Mr. Frisbee:
I have no disagreement with anything you have stated on your latest post. You are totally correct once again.
And yes, you are correct that since I no longer have stock in this company, it is inappropriate to meet you at EK Labs. Wish you nothing but the best on your research.
By the way, the founder I know never pushed his company on anyone. Occasionally he would casually mention something about it and if no one responded, then another word was not said that evening.
Once I heard about the company, I was intrigued as I had never known the founder of any company in person. So I am the one who would typically start the conversations about the company. He would answer my questions and would not reveal anything a board member should not reveal. He stuck to the press releases for the most part. When he retired in November 2014 from the company, he said he could talk a little more in detail because he no longer was an officer in the company.
He said his prayer was that God would give him a billion dollars thru the company and that he would spend 1 billion and one dollars on spreading the gospel. This statement would be in line with his 5 faith based films, all of which lost money from my review of the public records. It looks like he has spent a lot of his own money spreading a message he strongly believes in.
This does not excuse my lack of due diligence as I have already stated.
The founder is very personable and much, much younger looking than his years (70). He shows a lot of class in his demeanor. He is quite likable and he still believes his company will succeed if you talk to him. I have met his son and his daughter as well as his wife. I respect them all. The last time I heard, his daughter and her husband are serving as Christian missionaries in a third world country.
I could be totally wrong about this company.
Best wishes to you!
Frisbee, well you sure let me have it! Seriously, kudos to you for some of which you stated was well deserved. And you are 100% correct, in retrospect, I was very stupid to invest in this company in the amount that I did without researching it in much more detail. And you are right that I should have a professional and I do, in fact I have 3 professionals including U.S. Trust headquartered in California. 90% of my monies that are in stocks, bonds, commodities, etc., are with these 3 firms.
The money I invested in ALLM was all part of my speculative account. The reason I initially invested in ALLM is that I met one of the 3 company founders in my church in Melbourne Florida. He has produced 5 faith-based films including one that my church actively supported. My wife and I went out to dinner with he and his wife on many Saturday nights after church with a regular group of church people for at least the past 2 years.. We got to know them, we thought very well. I actually organized several home group movie showings where I showed this founder's movies with he and his lovely and very nice wife in attendance. I have all his movies in my collection at home. He would tell us folks in the dinner group about his company and that "we would make a lot of money if we invested in his company."
Very simply, after getting to know him for several years, I trusted him when he would make predictions and sure enough there would come the press release exactly as he stated. I believed him when he said the technology on the patent, (which I knew there was a patent on file) was globally disruptive as it could produce sugar from cellulose at 5 cents per pound when the world price is about 13.4 cents per pound.
So this is why I initially invested, because I trusted this founder and had no reason not to believe these fantastic press releases. Should I have done more homework before investing, you bet. I screwed up big time and I admit it that I really messed up with very bad judgement following the lack of due diligence. I am still very humbled by it and I am still very mad at myself - not anyone else - it is all my fault.
So there you have it Mr. Frisbee, this is my lame excuse for not doing my homework and your points are spot on - what else can I say? I was a total idiot with my speculative account.
That is enough said with this post. I will give a link from Google earth below that shows the exterior of EK Labs in Longwood. The unmarked warehouse on the left hand side to the left of the vehicles parked on the grass is the building in question. You can zoom in closer to the building and get a direct view from the road if you wish. This is EK Labs where my wife and I were given a look right after they opened up. The official address should be 208 West Marvin Avenue but google earth is not quite matching up to that address. It is in a warehouse neighborhood. That is all I want to say right now. I don't feel like trying to discredit anyone and I may never do so. I may decide to simply shut up and take my lumps that I deserve. I have finally sold the last of my stock so I am trying to move on and get past the embarrassment of my mistake. I just wanted to agree with you Frisbee on one of your main points and admit my mistake. I really don't want to talk about it any further this evening as it does bring back some pain knowing that I messed up in a big way - and it was all my fault - it was not the founder's fault. Just because I trusted a founder, it doesn't excuse my total lack of due diligence. So gloat on Mr. Frisbee, I deserve it, seriously!
https://www.google.com/maps/@28.690495,-81.347325,3a,75y,333.14h,98.94t/data=!3m6!1e1!3m4!1sSuZIV1PjCVi6iWyDbM1VaA!2e0!7i13312!8i6656
Frisbee, you are likely one of those insiders. It looks like your profile was recently created.
You guys shouldn't be so hard on LTE. He knows exactly what he is talking about and he has previously explained about the patent, why, although there is a legal patent on file, no reputable company is in the least bit interested in it. The only ones interested are companies with no reputable experience and little or no cash. These companies, like RRDA, and Naldogen of South Africa, won't build anything - at least one of these RRDA officials can't even make a mortgage payment. RRDA is located in a small home in Georgia.
I have no idea why LTE is following this stock as he says he is not currently invested. I don't really care. What I do care about is LTE is primarily responsible for saving me $240,000.00 which is what I recouped in selling my shares in ALLM. He opened my eyes to the insane toxic debt this company is accumulating, among many other critical issues where this company is failing miserably.
I know a lot of information about this company that even LTE does not know. I haven't decided if I will share anything else or not. It probably depends on how vicious the insiders get on this message board.
It would probably be wise to stop disparaging LTE or I may have to reveal more damaging info than the location of that tiny warehouse of inactivity at 208 West Marvin Avenue, Longwood, Florida. If you don't believe me, then bring it on
LTE, ref RRDA, the company that is supposed to build up to 56 factories via contract with ALLM, I see the corporate headquarters is listed as 6750 River Springs Court, Sandy Springs, GA 30328 on the RRDA website - link shown also below. Please confirm this is correct. If I have this right, then the link immediately below from google earth shows it is located in a small residential house using this address. Would you confirm if I have the correct information thus far?
Then I can't open up your link showing that one of the RRDA founders recently had a home foreclosed on him. Am I stating this correctly and can you provide proof of the foreclosure action and the RRDA founder to which it may pertain? thanks again for your help. I am just trying to get my facts straight. I believe you may have posted this info earlier but I can't locate them.
https://www.google.com/maps/@33.9398587,-84.3897551,3a,75y,290.9h,90t/data=!3m6!1e1!3m4!1slZZd-uUPdtRNjwFDbK7IrQ!2e0!7i13312!8i6656!6m1!1e1
http://www.rrda-usa.com/contact-us/
Renewable Resources Development of America, LLC
6750 River Springs Court
Sandy Springs, Georgia 30328
NORTH AMERICA:
?James H Voyles III
CEO & Managing Director
(770) 331-8000 (USA)
jim@rrda-usa.com
Walter Uzcategui
COO & Managing Director
(801) 930-7032 (USA)
walter@rrda-usa.com
Hablo Español
LTE:
The link you provided used to show that one of the founders of RRDA (which you proved was not established until last year 2014) had a home foreclosed on him recently. I failed to print this article out and now the link you provided denies access as the court is saying I don't have the credentials to review this foreclosure action.
Can you provide the information once again on this case? Sorry to trouble you on something you have already proven.
Your link that no longer works:
https://apps.flaglerclerk.com/Benchmark/CourtCase.aspx/Details/773864?digest=0I%2Br4Z8hpbdUMTPceauGGw