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Thanks Jack--i watch the messages here each day--but have never purchased or shorted CPOW
Over 40 cents ???
When do you figure it will do 40 cents?
Agribusiness has always stated facts. People who do not like the facts attack the messenger. A very old game and lame.
I realize one might consider this off the wall but, has anyone gotten advice as to whether the loss on CCME is tax deductible as a theft loss?
Theft losses are deductible and fraud is a species of theft
On your question about a recovery against Deloitte--
In Maryland a large company went bankrupt and the bankruptcy trustee hired a medical ma;practice firm to go after the big 4 accounting firm of the company for malpractice in the financial reports.
The firm settled before trial for $185 million of which $150 million was covered by insurance.
The plaintiff's attorneys were paid $70 million.
any thoughts on TBBC?
It is real, just not profitable.
Did you get answers to the questions you sent to CPOW and IBA about 30 days ago?
Thanks
I guess you have seen claims on the Yahoo board that this bit about CPOW and, or, Shenher owning a brewery is false--since you or your friends live up that way do you know the truth?
The bad news here is the delay--
Starr gets time to respond to this motion
Then it must be set in for a hearing
Arguments are heard and then the Court makes a ruling, possibly that day but more probably in the future
In the meantime CCME does not have to file an answer until the motion is resolved
So the answers everyone is looking for are once again off in the uncertain future
Motions like this one are standard in such law suits I would not place any weight or significance on it.
The standard of proof is not "beyond a reasonable doubt" --that is a standard used in criminal cases.
The standard is probably a "preponderance of the evidence".
On the topic of law firms, CCME and Deloitte--
There was a case in Baltimore in which a well-known local company went bankrupt and the bankruptcy trustee felt their accounting firm, one of the big 4, failed to do its job--she hired a small law firm famous for handling medical malpractice cases to go after them and the accounting firm settled before trial for $185 million.
On the topic of law firms, CCME and Deloitte--
There was a case in Baltimore in which a well-known local company went bankrupt and the bankruptcy trustee felt their accounting firm, one of big 4, failed to do its job--she hired a small law firm famous for handling medical malpractice cases to go after them and the accounting firm settled before trial for $185 million.
Never heard of the brewery angle--what is that about?
I got the Carpenter promo brochure yesterday
well done, colorful, 14 printed pages
recent rise is very impressive
do you live close to CPOW?
Have you heard about a TV ad plan by TBBC?
Well I am totally unconcerned about negative or positive or neutral statements--what matters to me and I suspect most here is truth, the facts good or bad.
But posters here can read these facts and decide for themselves.
That the company admits being deep in the hole in their SEC filings is a false statement?
On March 22, 2011 the company filed an SEC statement which included this line on page 10:
" However, the Company has accumulated operating losses since its inception and has limited business operations which raises substantial doubt about the Company's ability to continue as a going concern".
Are you saying this is a false statement?
They also related year to date losses for 9 months as of the end of January of $404,649.
They admitted they then had cash left of ----$26,998---This company that you say is going to make millions and millions.
They stated that they have assets of $897,445 and liabilities of $2,830,365--in other words liabilities outnumber assets by 3 to 1.
Against this you are predicting milions and millions in profits.
If there are false statements the posters here can probably figure out where the false statements are coming from.
Those statements that you ridicule as having no facts to back them have within them the facts necessary to support them.
The effect of 5% of 5% is just so obvious and I know no one who could make it plainer, clearer.
The dilution of the stock price by the issuance of so much more stock is just a plain and simple fact, the simplest of mathematics.
The company being deep in the hole--they fully admit that in their SEC filings.
Thanks for the silly post on a burden of proof, all of us need a little humor in our lives--
Could be all the needed information is from the Canadian government funded entity
Canadian Oilseed Processors Association
They have a website, statistics, board of directors and so on
I am sure that if you took the time to make a telephone call to one of the experts in the field of agribusiness at Canadian or American universities with important departments in that field they would tell you this field has big companies quite able to fill any niche needed by the Chinese or anyone else.
That is why the profit margins are so low, plenty of producers and they cut profits in order to compete for the business.
Our own Department of Agriculture could probably relate this information as well. The Federal government is there to serve the citizens and has a wealth of information on all kinds of things.
A couple of years ago I was working in Europe and some European police I was working with told me we could not get DNA off shell casings from automatic weapons left at the scenes of ambushes--and often the empty shell casings were the only evidence we had --I called the FBI Crime Lab and they gave me the name of a company near where I live that was getting such DNA taking a little from each shell casing and adding the samples up to a full sample. Just an example of the sort of detailed info the Feds have.
No, sorry, no such experience, but this area of products is saturated by the big companies
"5% of dozens of millions" along with a 5% profit margin is zip for shareholders
At this point the 30-40% JV has no value as there is no business
"I think what is good for the company is good for the shareholders"
See, that is the problem--the company is entering into agreements which are good for the company but bad for shareholders --an example is the China JV--the company gets 5% --that will pay the staff and perhaps operational costs--but the assets of the company are then devoted to that work and it means zip for shareholders
Another example is the financing--the financing will help the company survive but the financing terms, involving shares, dilutes the stock, again its bad news for shareholders.
Moves like this are driving the stock value down.
But the company is deep in the hole and has no choice.
Well if the 30 mil funding comes through once again this might be good news for CPOW as a company but for shareholders it dilutes the stock and drives the value of shares down.
Well those are wise inquiries to be sure
The only caveat is that on 3 June IBA sent a poster info on the Montana lease which was incorrect so you must ascertain if the info they send is current
Well the share price at the moment is .07 which means $17 million
and there is no way this company is worth that so
You feel that there will be good news for CPOW
What about CPOW shareholders?
The company could achieve an advance, going from bankrupt, losing money every year, to a profit
But it takes $2.5 million in earnings to move the stock a penny--what is your view on that?
Yes market has been down 5 weeks in a row and again today and for a week TBBC has been mimicking the market--
You may be right but
RINO seemed to have 22 out of the 24 contracts it claimed to have and thus be 80% plus legitimate --and the stock is down 90% and still falling
It seems the fraud factor overwhelms the financial value
Well one option is to seek an investigation by the US Attorney where the SEC filings were made, Washington or New York, and if those filings were false there should be a criminal prosecution leading to prison terms and restitution for false filings and mail fraud etc. ordered. Cases of far lesser consequence are pursued every day. There are plenty of victims just from IHUB posters alone to get the attention of the appropriate US Attorney.
Information on the validity of the filings may be revealed in the Starr proceedings.
If any defendants hide in China the government there may turn them over to avoid sanctions against Western investment in their companies or for a host of other reasons.
Any defendant not turned over will not be able to travel as International arrest warrants will prevent that.
Why are you putting this post from IBA here which suggests the latest info on Montana is that the plant there is leased to CPOW when you know very well it is not, that the Montana deal fell through ?
Why are you not pointing out that this is a falsehood?
I was forming an opinion on where this was going but then the Montana problem derailed it and at the moment I cannot figure it out.
I do think if Shenher ever starts answering questions that a central question, maybe the primary question, is--based on their overall plan can the price per share ever, ever, increase and if he says yes, he should be asked to explain how that is possible.
With 240,000,000 shares it takes a net increase in company value of $2,500,000 just to move it up 1 penny.
Skyhi
First of all thanks for sharing this info
Your post seems to indicate that Ken Kunz has been doing something with CPOW--did he say anything about sales ?
Should note that IHUB proved its worth to IHUB CPOW members since they received the Montana plant lease news ahead of others and could make decisions accordingly
Agribusiness
What is it that you want to know about the Alabama plant?
Eagle
Well you and I could not be more opposite and that is OK, we live in a democracy and can have our points of view.
You say the SEC filings "is all we have for now"------but if you read the 8K's you see the Montana lease--while outside of the 8K's, with a simple phone call we know there is no lease, no Montana operation!
I am quite disappointed that you have this very fresh, just yesterday, example staring you in the face and say the 8K's are all we have ?
As far as a high mathematical probability that CPOW will grow --my math certainly differs from yours as you know--the Chinese deal looks like a zero sum for investors to me even if they processed all the canola possible
Jack--Sorry I did not mean to run off the topic--as Agribusiness has pointed out SEC filings are no guarantee of a true picture--
there really is no substitute for true first hand investigation and due diligence
Thanks and look forward to what you learn