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Todd,
Just curious.
How many employees do they have. Do they get salary?
They have nothing but worthless shares.
How they pay themselves?
Do you know their financial situation?
Thanks.
Any smart people know what is going on?
Who are selling and who are buying?
Who made the sudden drop?
It is strange that this crap dropped from over $2 to $0.5 without any news.
Shorters did the job?
All longs are dead now.
Will this crap move to 0.4?
It seems there are no longs and shorts are all over to cover positions.
It has a strong support at $2.
However, this stock has no reports and is an ugly pinkie now.
They need to report financial.
ESCL has no volume.
nobody buy, nobody sell either.
any financials are out? Why does it take so long to recalculate the earnings?
The shares issued for monthly debt payment are out.
And they are a lot. 312 million.
big spread?
0.0012/0.002
why? scaring.
Anybody knows the recent O/S?
A huge transaction at 0.005. 2.5 million.
The shares have come out?
10-K not look good. The shares are issued to pay debt.
We have relied upon outside financing to fund our operations. As a result, our ability to sustain and build our business has depended upon our ability to raise capital from investors and we do not know if we will be able to continue to raise sufficient funds from investors.
We have operated on a negative cash flow basis since our inception and we have never earned a profit. We anticipate that we will continue to incur losses and that we will continue to operate on a negative cash flow basis for at least the next 12 months. We have financed our operations to date through the sale of stock, other securities and certain borrowings.
In December 2006 we received net proceeds of approximately $2.6 million through the sale of the Notes. We believe such funds will be sufficient to sustain our operations for the next three months based upon our current expectations. If, as expected, we continue to operate on a negative cash flow basis at the end of such period, then we will need to raise additional funds through the sale of securities. However, the terms of the December 13, 2006 financing impose significant restrictions on our ability to raise additional financing. See “Effect of the Notes.”
If we raise additional funds through the issuance of equity securities, this will cause significant additional dilution of our common stock, and holders of the additional equity securities may have rights senior to those of the current holders of our common stock. If we obtain additional financing by issuing debt securities, the terms of those securities could restrict or prevent us from paying dividends and could limit our flexibility in making business decisions. The market price of our common stock has decreased from $0.43 on December 13, 2006, the date of issuance of the Notes to $0.006 on March 14, 2008. If the market price of our common stock continues to decline our common stock may be worthless and this may adversely affect our ability to raise additional capital. Moreover, the terms of the agreements that we entered into on December 13, 2006 relating to issuance of the Note may impede our ability to raise additional capital. To the extent that we are able to raise additional capital through the sale of equity or convertible debt securities, the issuance of such securities could result in further dilution of the shares held by existing stockholders. If additional funds are raised through the issuance of debt securities, such securities may provide the holders certain rights, preferences, and privileges senior to those of our current stockholders, and the terms of such debt could impose restrictions on our operations. We cannot assure you that additional capital, if required, will be available on acceptable terms, or at all. If we are unable to obtain sufficient amounts of additional capital, we may not be able to continue as a going concern.
We do not have sufficient cash to make the payments on the Notes, so we are required to pay off the debt in shares of our common stock.
As of December 31, 2007, we had approximately $2.0 million of debt outstanding on the Notes secured by all our assets. We do not currently have the ability to service this debt in cash so we are required to pay off the debt in shares of our common stock. On October 15, 2007, we failed to pay our monthly amortization payment due on that date in that we failed to pay cash or deliver “registered” shares to the holders to satisfy our monthly amortization payment due on that date. This was due to the fact that that we had not registered a sufficient number of shares to facilitate the issuance of registered shares. This failure to pay amounts to an “event of default” under the terms of the Notes. We have not received a written waiver from the investors. Our obligations under the Notes are secured by a security interest all of our assets. As a result of the continuing event of default our assets, remain subject to foreclosure and our common stock may become worthless.
why did FFHL go up by 20%?
No news at all.
Anybody knows how the class action lawsuit goes?
The crook did a 200 R/S and then increased A/S to 300 million.
The pps still went back from 0.2 to double zero. Triple zero is on the way. not far.
What a joke. What a crook.
people already lost trust in this crook. Since he did the R/S, no buys anymore.
Those shares are needed.
According to the SEC filing, company has to issue them to lenders to pay monthly principal and interest.
Monthly principal and interest is the problem.
Hello, anybody know the financial info of POWN?
And how amny share there are in A/S, O/S, and float?
Thanks.
Issuing 312 million shares?
More shares, maybe additional 500 million will be issued.
Crap.
Beginning on March 13, 2007, we became obligated to make monthly payments on the Notes of both principal and accrued interest. The amortization schedule is set forth below. We have limited cash and have been paying and intend to continue to pay the monthly amounts due on the Notes in shares of our common stock.
To date we have issued an aggregate of 25,041,747 shares of our common stock to the selling stockholders to satisfy our payment obligations under the Notes, based on average effective conversion rates of $0.141 (for March 2007), $0.1056 (for April 2007), $0.075 (for May 2007), $0.052 (for June 2007), $0.059 (for July 2007), $0.038 (for August 2007), $0.021 (for September 2007), $0.0164 (for October 2007) and $0.0091 (for December 2007). As of January 9, 2008, the outstanding principal balance on the Notes was $2,032,216 and we are required to pay interest totaling $105,175 over the remaining term of the Notes. As of January 9, 2008, the average closing bid prices for the common stock for the five trading days prior to January 9, 2008, was $0.0096. Accordingly using an assumed effective conversion rate of $0.007 (or 75% of $0.0096) we would be required to issue 305,341,533 additional shares of our common stock to the selling stockholders to pay off the principal and pay the interest due over the remaining term of the Notes. If the market price of our common stock falls we would be required to issue even more shares. We previously registered 18,000,000 shares of our common stock for resale by the selling stockholders following the issuance of such shares upon the repayment of principal and interest on the Notes and/or for resale by the selling stockholders, following the issuance of such shares on the conversion of the Notes at an initial conversion price of $0.25 per share. We are currently registering 312,000,000 additional shares of common stock for resale by the selling stockholders.
Beginning in October 2007 we failed to make our monthly amortization payments due on the Notes by failing to deliver the monthly payments in cash or registered shares. We intend to endeavor to satisfy our past and future amortization payments due under the Notes by delivery of registered shares of our common stock. These shares have been identified in the footnotes to the “Selling Security Holders” table. We intend to make our monthly amortization payments in registered shares of common stock. However, there can be no assurance that this will be possible as the investors have the right to request payment in cash following an event of default. We do not have any available cash to make the payments due on the Notes in cash.
I remember somewhere there is a PR or filing saying they have no experience running public company and they are in default of debt interest. Could anybody tell me where the PR/filing is?
Second question is there were big volumes in Oct 2007 at $0.03-0.05, who bought those shares. There were 50 million shares traded. A lot of shares.
Thanks.
BTW, who know their tel number? I will ask my chinese friend to call them in chinese.
When this crap has 300 million AS, get out of it ASAP.
You bet your butt they will sell 300 million AS into market.
300 million AS just in case? Do you really believe it?
People are tired of bullshit.
The only news which will be interesting is plant.
Other news like joint venture, raw material plantation
are all bullshit.
AMHD always release some "good" PRs like leasing a facility,
technical update of process system, new plantation...
However, you will never hear the results.
There is no plant. So what is the point of these stupid PRs.
Get a plant first!!!!!!!!!!!
"It just got delivered"?
I did not see such a PR.
How do you know it got delivered?
This crap company's problem is they only talk.
I am looking at the MA plant and 2nd process system.
Aziz should explain why system is not shipped in June.
It looks suspicious. I think it does not exist.
If plant and system are real, I will buy. Otherwise, no buy.
The only thing I care is whether AMHD has a plant.
No plant, no buy.
"Each unit is designed to produce 6 to 7 MGPY of Biodiesel, 600,000 gallons of Crude Glycerin and can be coupled"
blah blah blah
I still do not know if AMHD has these equipments.
No matter how good they are, it does not make any sense
because AMHD has no plant.
Do you know any online broker which allow short selling penny stock?
Thanks.
I believe the buyers who bought below $0.008 are momentum players because current fundamentals look bad.
Speculative traders have bought a lot of shares on the way down. Now there are only sellers, no buyers.
I can see it has high risk. Will it have high return too?
I have some questions.
1. Who bought so many shares on the way down?
Short covering?
2. It thing has 400 million shares. Who hold them now
and where did holders go?
They should have no cash to keep going unless employees
work for free.
I do not know where the money comes from.
Mr. B,
I called them today and am surprised to find they are still in Business. I thought they are dead.
They said they have 14 emplyees. I do not know if they get paid or not.
When do you think they will file BK?
Pumpers!!!!!!!!!
Before you pump this crap, make sure AMHD has a plant
or show evidence to prove it is building one.
Otherwise, it does not make any sense.
1. AMHD has no plant.
2. AMHD does not want to build one. 2nd generation process system
does not exist. Why does not AMHD explain why it is not shipped
in June? Because it does not exist.
Jimstr is trying to fool others.
He is talking how good jatropha is.
But AMHD has no plant, so what is the point?
Talk after AMHD has a plant.
AMHD has no plant!!!!!!!!!!!!!!!!!!!!!
Even if XXX is 10000000000000000 better than soybean and corn,
it has nothing to do with AMHD.
Prove AMHD has a plant, can you?
It is a fact AMHD has no plant!!!!!!!!!!!!!!!!
Jatropha is not the point.
The point is AMHD has no plant.
No matter how oilrich Jatropha is, it does not make any sense
for AMHD because AMHD has no plant and will not have. AMHD is a scam.
And the more important question is where is the plant????????
Giles knows he is cheating.
Aziz knows he is lying.
There is no plant, no process system, nothing.
Where is it?
3rd generation process system is coming.
Aziz said we have to postpone the delivery date again because
of a technique update. So we can have 3rd generation process system.
The advantage of 3rd generation process system is it can process liar urine into biofuel. Aziz added, as you know, we are liars and we want to use 3rd generation process system.
So wait another 2 years for the 3rd generation process system.
The truth is 2rd generation process system does not exist.
Plant does not exist.
Now they are talking about "we succesffully sold stupid suckers
a lot of worthless AMHD toilet paper, hahahaha."
AMHD is glad to announce that we are liars and we successfully cheated stupid investors using a few empty PRs.
AMHD is glad to announce that we are smarter.
Will they?
AMHD announces idiotic management,
will they?
.
Aziz said we are idiots, we are cheaters, we are liars, we only talk, we do not work,
will they?
Next PR will be AMHD's opportunity increases as winter is coming though they are totally not related.
Aziz is a liar.
AMHD is crap.
They sit and talk day after day. No work. Talk only.