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Never intended to buy any oil fields. Induction based on: 1) Many tiny companies with much less cash were able to secure an oil field stake (e.g.: Molori, Petroteq) 2) Ex-CEO Boutte's contractual "gag-order" promising steep penalties if he ever discusses what was going on.
So what was going on? Educated guess is that, given the difficulties any Abramovich backed company would have in a purchase (due to seller's perception of buyer's unlimited capital access) PledgeP served as a front. Boutte would enter negotiations, get confidential information, go to his board (Zotos), which would then cancel the deal. At that point, some anonymous LLC would appear and buy the 'distressed assets" for a song. Boutte eventually realized what was up, went off the reservation, and ended up insulted the principal by buying a new domain for the company and calling it PledgeP (an oblique reference to the "fake news" Trump/Moscow incident). Boutte fired.
And Plasma Pulse tech? Propell developed new functionalities that are still being actively marketed in Mexico (along with Cavitation) and in Canada (check out the Technovita website).
End result--Pledge was a good investment and has served its purpose.
Abramovich gets all the IP and capital (minus development costs) back. Payment for IP goes straight into Zotos/Huemoeller shell company (AWE has no assets or sales; technology on AWE website is copy of ctinanotech.com patents) Seems equivalent to Zotos/Huemoeller getting about $325,000 each. Expect share price to plummet after deal goes through. Note that MMs are currently using typical strategies to artificially prop up share price, as they'll shortly be able to cover their positions at a steep discount. IMHO do your own dd
Call Treasury, Freeze assets: a better strategy. Especially with $9 million conveniently sitting in 'escrow' account.
Then subpoenas to Boutte et al, forensic investigation, questions about IP and domain ownership.
At the very least it'd make a great story!
Billionaire Ally of Putin Socialized With Kushner, Ivanka Trump
'Putin trusts Abramovich more than any other Oligarch in the West,' Mikhail Khodorkovsky
1701 Commerce St, Houston TX Isabella Barak. What I was told is that Russians/Ukrainians jointly developed various "wave technologies" at this address with major backing from Joseph Abrams (MySpace) and Roman Abramovich (Evraz). Tech now being used in several countries including Mexico. Please do your own confirmation.
Zotos Son@
PETROQUIMIA DEL GOLFO SA de CV
Technological Assistant 2016 (2 months)
• Provided research support for the Engineering Department by compiling well data and historical reports used to develop asset treatment plans
• Completed the operations class and became certified in the practical operation of the Plasma Pulse Generator from Novas Energy USA at Petroquimia Del Golfo offices in Villahermosa, Mexico
• Trained in the maintenance of down-hole tools used in enhanced oil recovery, which includes maintenance of high voltage capacitors and exploding wire
PEMEX has been implementing "Impulse Wave Technology" with Galex Energy Corp of Texas.
Please contact Gracin Marlow with any questions.
No buyout. IP already sold to foreign entity.
Sanctions are McCarthy Witch Hunt replay IMHO.
I've no Pledge stake, I'm a Velocys investor. IMHO Abramovich has planned to abandon this company for a long time and I'm with him.
If they can't spell correctly, how serious can they be?
FYI I'm not here as an investor, but as a reporter doing background research for a future article.
Look for it soon. With the upcoming Treasury sanctions and the Mueller investigation, the story couldn't be more current!
Cast of characters includes the Ukrainians, Russians, Zotos (John & Constantine), Boutte,& many more...
"Oligarch list" killed this company IMHO. Abramovich scrambling to get his $ out. Easy enough to invest in Canada, Mexico, China (Dewasi (Beijing) Energy Technology) where he doesn't have the same risk exposure
Read post920 this board, CVAT post453
Hopefully newshound will return and fill us in
What information do you want?
Louise Linton, listening: 4,250,000 to Dasha?
#MeToo,Agreed if Dasha gets 50%.
Plasma Pulse strong in Canada & Mexico: no assets in U.S.. Shifted long ago. The paper trail is rather interesting, very clever and well done. Expect next quarterly report due in a few days will see winding up of company. IMHO
Don't waste your time:can't win.
Abramovich protecting assets from Treasury and divorce? Have some sympathy!
Sure Loser. Apparent long term pattern of asset
No Renaissance to Propell New Lows! Pledge doesn't even own its website...
0 next for PROP, Petroteq up 800% because its SWEPT (Plasma Wave) tech far superior.
$10mil funding: where's it coming from??? Apparently Deloro, the new investor, actually has less than $3million: "As a newly formed "specific purpose investment vehicle", Deloro has no historic turnover or losses. Following Mayan's investment it is expected to have approximately US$2.9million in cash and Mayan shares and no material liabilities."
Can't compete. PETROTEQ same tech & $9mil new funding.
Series C Convertible, Preferred Stock, $0.001 par value, 4,500,000 shares designated, 4,500,000 issued and outstanding (liquidation preference $14,750,000)
0 left for common shareholders, after liquidation preference to Abramovich as "ForReal" states...
Plasma Pulse Methane Extraction Georezonans USPTO 20160319644A1 Pledge Petroleum is obsolete and headed for zero, in my opinion. Abramovich's investments are now concentrated on methane, not petroleum. See the relocation of Velocys (GTL: methane biogas) from London to Houston, the above-referenced 2016 patent for Georezonans, and the Russian-Chinese joint venture Dewasi Energy Services (plasma pulse methane).
Yes.Zero is next.Company has served its purpose.
.0000 target. Plasma Pulse OBSOLETE. Thermochemical gas fracturing invention increases production up to 600% for up to 3 years with almost 100% success--Professor Konstantin Fedorov, Director of the Institute of Physics and Technology
Buyout Abramovich? You are joking, right? This company has no assets: it doesn't even own its own website! Maybe it's getting a pittance from renting propell.com to Propell America...
Abramovich exiting this company? Abramovich just moved Velocys to Houston from London. Velocys needs consistent supply of methane, not petroleum. Plasma pulse doesn't have anything to do with methane.