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Yes, wouldn't it make sense that no more substantial (assuming positive) news will be announced until the venture partners (and their families, friends, etc.) have gotten their fill of dirt cheap shares?
In the meantime, the silence, the doubt, the rumors, the paranoia, the free falling pps, all of these things are working to the advantage of the company's strategy to get the partners in as cheaply as possible.
Question for the board, and I apologize if this topic has been previously addressed ad nauseum.
How should the shares we received as a dividend/split be considered for tax purposes. If I'm not mistaken, there was no official split, right? So would these shares then be treated as a dividend? And does that mean that you'd have to claim them this year whether you sell them or not? A little info would be much appreciated!
Well, I have a scottrade account. I had a very small position in USSE before 12/1, and I sold all those shares in January. Since then, I have accumulated a much larger position. Today I received a "tax-exempt dividend/spinoff" that doubled my total share count for USSE, including shares bought only a few days ago. None of the shares I currently own were purchased on or before 12/1.
Thanks USSE!!
Did anybody notice that 40k block that sold today at .26? It was shortly after 2pm, and I believe that the bid was .28 or .29. "Day's range" quote says LOD was .28.
Kind of weird, but not really.
Only 16 minutes left for me to finish filling at .32!
SELL SELL SELL, people!!!!!
Ok. So PECB sends out prospectuses to current shareholders whom they feel might qualify as accredited investors for the private placement? And you're saying that they are not obligated in any way to publicly release the information contained within the prospectus? I still fail to see how this escapes the bounds of insider trading, since the privileged investors are using non-public information to evaluate a publicly traded stock. But I guess that is just the nature of a PP?
What are the advantages of participating in a PP? (Beisdes the insider info)
Anyways, thanks guys for the explanations and patience. Guil, maybe you can ever-so-vaguely describe the prospectus when you receive your package. :)
I am not sure we have settled the "prospectus issue." I find it not only difficult to believe but alarming that a company could delineate a growth plan for the upcoming year and only share it with a portion of its investors. This isn't an IPO, DPO, etc. This is already a publicly traded company. Maybe I'm not as familiar with Pink Sheet policy, but I'm curious to see if anyone is denied his/her request for a prospectus. My guess is that if they have such a plan written up for distribution, they will give it to anyone who asks.
Doubloon, I know you have already taken much time in explaining this issue, but if you have any free time left to kill (don't we all?), or if anyone else is familiar with the circumstances, could you perhaps expound on the legality of selective disclosure from an already publicly traded company? I thought a prospectus was primarily designed to inform potential investors of an IPO or DPO, in which case accredited investors may initially be the only potential investors. Such is not the case with PECB, though.
Still looking for that corroboratory link...
You are correct, sir: I currently have no position in PECB, which now makes me a potential investor. I might be apprehensive with regard to PECB, any investor should be at this level. But I do recognize the potential wrapped up in their exclusive patents. But I will remain on the fence until the company shows more stability.
This is beside the point, however.
Thanks for the link, but it didn't really confirm your statement.
I understand that their are certain exemptions involved when a company sells shares to accredited investors. This does not, however, make these investors privy to financial information unavailable to the public since this would violate mandatory disclosure laws. Am I wrong here?
<< "A prospectus is a document that is not public and is reserved for accredited investors or current investors that are deemed financially solvent" >>
If I'm not mistaken, the necessity of being an accredited investor only applies to hedge fund investing and private placements.
It would be illegal for a publicly traded company to release financial information to only a select few of it's investors, so the notion that one must be accredited to receive the prospectus for a company like PECB is absurd.
If I am wrong, I will apologize and thank you for the lesson. Please post a link that would indicate how and why the prospectus for publicly traded company could be restricted to accredited investors.
I was under the impression that information released regarding a company's current or prospective financial oulook must be made public, and that it is illegal to selectively restrict such information.
<< "I would suggest you contact the transfer agent to obtain a copy, if they deem it necessary, after reviewing your holding size, they will send one to you." >>
Again, I believe they are required to send you a prospectus, whether you own shares or not. And if they will not send you one for some reason, regardless of your position, I would see that as a HUGE red flag since the prospectus is primarily for potential investors.
Doubloon, would you please direct me to information explaining how and why the contents of a prospectus cannot be publicly posted. TIA
You can always sell to claim your tax loss and buy back 30 days later, probably for the same price or cheaper, yes?
"This stock should go at least to five dollars within a month and should not be shocking if it goes to $9 by the end of the year"
Is the ITC expected to rule within a month or even by the end of the year? Unless there is news, why do you think this will soar so soon?
I sold my position for .10 and now I feel lucky that I did. I figure, if this company does turn things around, I'll have plenty of opportunities to jump back in on the road to their price target of $2.10. lol
guilfordin, I distrusted you at first due to your overflow of optimism but have grown to appreciate your informative and deeply insightful posts and contributions on this board. I hope that things here and elsewhere work out for you.
nlightn, I hope you see now that MB censorship--while it may appear to be "necessary" at times--is never a good thing. And it's quite possible that, along the way, you aided some criminals in their goals. Anyway, no hard feelings. I wish you luck in your endeavors, as well.
I'll see you all when PECB hits .20!!!!!
Anyone care to give their opinions of the Q2 numbers?
I would appreciate any positive insight at this point. Thanks.
RW's current relationship with PECB was unclear to me. If I'm not mistaken, he was the one who originally introduced the company to Gerald Kieft of Wall Street Resources. My concerns about his involvement have been addressed in other posts, so I will not rehash, though I will say that people are often like stocks--the past is no indicator of future results. Anyways, thanks Guilfordin for shedding some light. And if you could possibly pass on a phone number for Tbeck Capital, that would be great.
Hog, it is true that most of my posts revolve around this one piece of the puzzle. Other factors, like dumping and dilution have been brought up and discussed to great lengths, relatively speaking. Guilfordin's latest post was the first one to actual share any current information about RW. Others "in the know" played dumb when this topic was first introduced to the board, only to later claim they knew all along and wouldn't discuss any further. My suspicions resulting from that are also addressed elsewhere.
Despite what the mods may accuse, I am long PECB. Nothing would make me happier than to see a strengthening bottomline and a correlating PPS. This company has many great things going for it heading into 07, but as with most pink sheets, the negatives often overwhelm the positives before they have a chance to take solid root.
Audited numbers would help tremendously. Obviously, any serious indication of getting off the pinks would rebuild confidence a great deal. Revising guidance to more realistic levels would probably add stability.
If it seems like I focus too much on finding out the dirt, that's because I want to better understand all of the negative forces working against what could be an outstanding little company. How else could I decide whether to sell or buy more?
guilfordin--
I wanted to ask you about a comment you made awhile back:
"I think that our buyer of these shares may well be Ron Williams, the financial partner of Pet Ecology."
I was just curious as to what made you think that, and what your thoughts might be on the possibilty of RW as the MM?
Also, it is my understanding that he spoke at the last MLTO CC, do you know if he has a more active role in PECB as well? Thanks.
Speaking of pets...
How's OUR dog doing these days?
I see people are still sensitive about Ron Williams...especially Doubloon. Until we know what RW's relationship is with PECB, exactly, how can we be sure he isn't helping to drain this company? He's done it before (Universal Express). Is he the MM?
Maybe he and Stephens are in cahoots.
Maybe WSR needs to put out another analytical profile.
Maybe these prices don't really reflect the core fundamentals, but rather the candy-coating of corruption.
Maybe...no--definitely, time will tell.
GLTA
Who should I ask for?
CFA-news : Genealogy newsletter for active members of the Crandall Family Association
Interesting note: FWIW, I perused the geneology and RW is not related to the Crandalls.
I have no agenda other than finding out more information. Please do not jump to conclusions over my preference to communicate in writing. I have tried to be discreet on this board and will continue to do so as long as you are willing to meet me half way.
Well, as of right now, Pet Ecology is still listed as a sponsor on cfa.org.
Arbo99---Hey, I have a question: What role does Ron Williams play, exactly, at MEDirect? I don't have a position in MLTO, but I'm trying to get some info about RW regarding PECB, another Wall Street Resources selection. Any info you, or anyone else, can provide would be greatly appreciated. And if you want, I can share what info I have, although it is admittedly unfavorable.
Doubloon---I'm sure you know what questions I have. However, if you give me an email, I will provide them in detail. Or, if you don't mind, I can post them here or on another board for open discourse. I do not wish to discuss this over the phone at this time. TIA for understanding and perhaps obliging.
Could someone please tell me exactly how Ron Williams is involved with MLTO? Given his past, I am trying to gain a sense of his legitimacy in the present. TIA.
"your kidding right... and have them slammed by someone like you... get a clue kid.
I do not post on this board so keep my name off it"
You may not post on this board, but you certainly read it.
I don't think that the questions I ask or the points I raise qualify me as a basher. If my dog and the other dogs I know love the treats this board will be one of the first to know. If the animals don't like them... same deal. And then we'll watch the PPS fluctuate accordingly. lol
How many pinksheet and OTC stocks currently exist? Thousands? Yet,of the ten boards you moderate, four are "Tbeck stocks." I'm sorry, but it was just relevant to the discussion at hand. If you would prefer me to post these observations on a different board, then show me the way.
There is a store less than 20 miles from where I live that supposedly carries Pet Ecology products. I will go check it out. I don't have a cat, but my dog will certainly become a guinea pig for the FF treats. I know lots of dogs!! They will all become guinea pigs!!
I doubt very much that Ron Williiams would come on this board (unless he's here already!!) to clear his name to a few pink sheet investors. Besides, it hasn't been established that Williams has any direct affiliation to PECB, though he does have a relationship with Wall Street Resources, PECB's IR company.
You're right, though. It would be nice if someone, anyone from PECB could join in our discussions.
"what you see as dismissing info is info that is old news to me.
i was aware of all that stuff,..."
Then how do you explain posts
#1267
http://www.investorshub.com/boards/read_msg.asp?message_id=11317144
and #1268
http://www.investorshub.com/boards/read_msg.asp?message_id=11317306
in which you feign ignorance on the subject?
Someone (ballplayer) comes on here and posts some information that doesn't pump PECB into the stratsphere and you try to discredit him and tell him to take his "agenda" elsewhere. Then when that sensitive info becomes more available, you say you knew about it all along?
No offense, but where's the credibility? We know you are trying to "protect" us from negative information, but might that not hurt us all in the end?
My point is, what else are you protecting us from? The members of this board have a right to know all the information available about their investments, good AND bad.
As for me, I am only on the PECB board here at ihub because all the other securities I own have MBs elsewhere. I am aware that ihub is more of a pumping station than other forums, but it's the only PECB board I know of.
And perhaps I only "show up" when news is released because I see that such news gives no relief to a sliding PPS, despite being very positive, as you say. Perhaps I feel that we might be able to uncover something that can really make a difference, for once.
I am aware that you moderate other boards as well. Again it just seems mighty coincidental that you would moderate ALL the "Tbeck stock" boards while simultaneously trying to dismiss the info being surfaced. I'm not branding you as "the enemy," but you can surely understand my suspicions given the circumstances. And I apologize if my postings feel like a personal attack.
Just tell me, were you aware of Williams' record and his involvement with Wallstreet Resources prior to somone posting about it on this board? Thanks.
Are you saying it's a coincidence that you moderate/assist the boards for every security promoted by Tbeck Capital?
Nothing would make me happier than to be barking up the wrong tree here. I am long PECB and would love to see the company and and its PPS flourish. But it's very difficult for pink sheets to change their color. If there is malfeasance involving WSR or Tbeck, it should be brought to PECB's attention so they can take measures to prevent or stifle it, because they really don't need any other forces working against them.
That's my agenda.
What's yours?
A little bit more info on Tbeck Capital. First off, it strikes me as odd, nlightn, that you would brush off Tbeck's involvement with PECB and Wall Street Resources considering how you are the moderator or assistant moderator for all of these securities touted by Tbeck:
TGLI, MLTO, ILKG, MMSV, SLSX, and PECB.
Do you and Doubloon work for Wall Street Resources and/or Tbeck Capital? Otherwise, it doesn't make sense that you wouldn't already know all this information or that you would so vehemently ignore it.
Anyway, I was previously trying to find info about the case that sent Ronald G. Williams to prison, since his malfeasance towards Universal Express did not garner any jail time. I believe that his involvement with Computerized Thermal Imaging may be what I was looking for. Otherwise, there are more criminal acts to be discovered.
http://sec.edgar-online.com/1998/12/14/16/0001047469-98-043885/Section8.asp
http://sec.edgar-online.com/1998/05/27/07/0001047469-98-021778/Section9.asp
I had written to Kieft about this topic:
"Dear Mr. Kieft,
I am a concerned PECB share holder. It has recently come to my
attention that Tbeck Capital has been promoting Pet Ecology and
several other companies represented by Wallstreet Resources in
frequent, paid releases on the internet. I understand that Ronald G.
Williams is the owner and operator of Tbeck Capital, and I must admit
that his acts of malfeasance in the past towards Universal Express,
and his conviction on racketeering charges in 1998 leave me a bit
worried regarding his involvement with Wallstreet Resources and Pet
Ecology.
I would very much appreciate if you could elucidate the relationship
that exists between Tbeck Capital and Wallstreet Resources/ Pet
Ecology so that I might be able to put my mind at ease regarding this
matter. For instance, what compensation has Tbeck received for its
services? Does Tbeck or its investors have significant positions in
any of the companies they promote? Are we protected against similar
acts of stock manipulation as exhibited in the case with USXP?
I look forward to hearing from you and appreciate the effort you put
forth in addressing my concerns."
And his response...
"Ron does refer business to our firm from time-to-time, but that is the
extent of our relationship. We agreed to represent PECB because of its
unique and proprietary product lines, marketing strategy and management
team. Please feel free to call me anytime for additional information at
772-219-7525.
Sincerely,
Gerald Kieft
President
Wall Street Resources
772-219-7525(tel)
772-219-3579 (fax)"
However, Tbeck does own 2,000,000 shares of MLTO, one of the companies it promotes.
http://www.secinfo.com/d19Jg6.ve.htm
Do they own shares of PECB? Could this contribute to PPS manipulation?
And then I also found this bit regarding Kieft:
http://www.broker-check.com/nasdr_data.php?eid=3945&tid=7186
These may very well be common violations. I don't want to blow things out of proportion. I just want to present the facts and hear what fellow investors have to say on the matter.
It's great to see an increase in critical thinking on this board beyond the usual "does my skirt match my pom-poms."
Thanks to guilfordin for the information in #1520. Has anybody else contacted Steckel to verify this, though? Hogfan, did you try to call management or IR?
Guilfordin, maybe you could post the phone number you used so that others can follow suit. It's always better to hear info from the horse's mouth as opposed to message boards and distanced IR firms. TIA.
Thanks, hogfan.
"you just made this a 10 bagger by year end on less than 8k bags of kitty litter"
That really made my day.
I don't get it. Why are we going up when good news is released?
Perhaps we're ALL taking a ride in that circle.
Nah, I'm just kidding. I respect your stance on the matter, and I certainly wouldn't expect you, or anybody else, to take up my objectives without conviction.
I believe that PECB is solid, growing company. But we all know that share prices often have their own dynamics. We can believe in a company's fundamentals all we want, but the share price can still be independently and ruthlessly manipulated. It makes me nervous that management wants to double the authorized share count. Will they be issuing stock to pay for expenses? Might companies like Tbeck Capital get compensated for their services with shares?
Maybe this is a waste of time, or maybe it isn't. Due diligence is an on-going process, and if you turn a blind eye to new information that surfaces, then maybe you do deserve to get burned. I'd rather learn as much as possible before deciding whether or not something is a waste of time.
Anyway, let's talk more after the numbers come out. ;)
Chisum, the reason I mentioned Wall Street Resources is because ALL the companies Tbeck Capital puts out paid releases for are represented by WSR. Coincidence or not, nlightn is the moderator or assistant moderator for all these very same companies on Ihub.
I can't speak for Ballplayerfootball, but I am not a basher of PECB nor Wallstreet Resources. I have no personal agenda here except to uncover truths about a company I'm invested in.
nlightn, you ask for verifiable facts. I gave you those in post #1290 yet you continue to avoid any sort of discussion, only replying with PECB's motto, as if that will wash away any problems. I'm not saying that Williams' involvement here is necessarily a problem, but the fact that you will not even address that topic, even after I supllied links to corroborate my findings, is very disturbing.
I, too, have high hopes/expectations for PECB's future. If there is any malfeasance being played out by anybody, wouldn't it be better to expose it and allow PECB back on the free range? Just a thought.
Hog, I've already emailed Kieft (today), but I suppose there is strength in numbers. I will post my response as well. GLTA
nlightn, here ARE the verifiable FACTS:
Ronald G. Williams owns and operates Tbeck Capital
http://www.sunbiz.org/scripts/cordet.exe?a1=DETFIL&n1=P02000098372&n2=NAMFWD&n3=0000&....
Tbeck Capital promotes PECB, MLTO, ILKG, and MMSV
These are all companies represented by Wallstreet Resources and, incidentally, companies which you either moderate or assist in moderating right here on Ihub.
Ronald G. Williams was sued by Universal Express in 1998 for fraud, conversion, and breach of fiduciary duty. His actions almost sent USXP into the ground.
http://verdictsearch.com/news/specials/0204verdicts_universal.jsp
That same year, Ronald G. Williams was convicted of state racketeering charges in Florida involving an unrelated company. You can see his extensive list of charges on Ballplayer's link.
http://www.dc.state.fl.us/InmateReleases/detail.asp?Bookmark=2&From=list&SessionID=616015924
I am not on a messianic mission, and I am through discussing this issue on this board for now. BALLPLAYER, if you would like to share any more information and discuss this further, contact me here: thebladeofgrass@yahoo.com
While I don't believe that Williams is the "mastermind" behind Pet Ecology's success, I am at least mildly concerned that a man with his background in racketeering and stock manipulation is somehow involved with PECB and Wallstreet Resources.
I also find it odd that you, Nlightn, are completely avoiding the issue and focusing more on Ballplayer's agenda. While your skepticism is appreciated, right now you sound like a politician.
I doubt that anything ballplayer has to say will directly affect the share price. And regardless of how he found the information, it is now there for us to process.
Although, BALLPLAYER, it would be nice to know how you came across all of this. So come clean with your discovery and let us focus on the real issue--which is finding out if this IS a real issue for concern.
I thought our goal here was to work together in learning as much as possible about our company, and to discuss our findings intelligently.
Just some more info--
Tbeck Capital has been promoting PECB, MLTO, ILKG, and MMSV, all companies represented by Wallstreet Resources.
I guess we should find out exactly what type of relationship exists between Tbeck Capital, PECB, and/or wallstreetresources. How are we safeguarded against the same type of manipulation that occurred with Ronald Williams' previous company (Select Capital) that almost drove Universal Express into the ground?
Also, the previously linked article mentioned that "Williams and Kolker were convicted of state racketeering charges in Florida involving an unrelated company" the same year (1998) that they were sued by Universal Express, which is what sent them to prison. But I haven't been able to find any specific info regarding that case. Anybody else?
I believe that Ballplayer is insinuating that PECB is a scam/pump n' dump "masterminded" by Ron Williams, thus bring the company's legitimacy into question.
My search online for more information was inconclusive, although I did find this link:
http://www.miami-dadeclerk.com/civil/allparties.asp?pCase_Year=1998&pCase_Seq=8358&pCase_Cod...
which pretty much proves that the Ronald G. Williams of Tbeck Capital is the same Williams with the lengthy criminal record in Ballplayer's link.
Here is some more info on that particular case:
http://verdictsearch.com/news/specials/0204verdicts_universal.jsp
Paricularly relevant, I feel, are these lines:
"Then, Tifford said, the investors began manipulating the stock -- initially hyping it to drive up the price, and then, after selling high, placing massive short-sell orders (bets that a stock will drop in price) and driving down the stock price by selling it back and forth to themselves. The price dropped from $2 to 0.02 cents per share and cost Universal almost $90 million."
My research into this matter so far reveals nothing that would question the legitimacy of PECB, and would actually portray this company as a victim if such malfeasance was actually taking pace.