Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well guys things are moving right along over at the woodvillage plant sight. My last week visit was the last they will let me see what's going on inside the new building as they start the remodle and equipment istallation. Secret stuff you know. lol I think it's more likely they don't want everyone showing up expecting a tour.
Anyway it looks like Merix is trying to get out as fast as possible, and XsunX is trying to get some things accomplished on site while Merix finishes. It looks to me like XsunX will get to move in, and take over the lease a month early, but it all depends on when merix finishes.
They had a couple concrete haul dumpsters on site Saturday along with the 40 yard types. So they must be getting down to the last part of the trashout where they remove any interior concrete wall/machine footings that got added by Merix.
For your consideration, and comments.
In the event the shareholder records can not be aquired or found in regards to SAT in a reasonable amount of time. I think it's in the best intrest of the company to reduce the total share count to 1, and re issue the stock to cert holders that can be verified from the time period pior to SAT's failure. This not a perfect answer, and will leave trading shares worthless at the time it happens, but it would be impossible to verify the total number of shares flaoting around the market without the shareholder record. A court order from the state of Delaware barring former corprate officers from participating in this re issue of shares is also a matter of consideration, as they have failed to represent the shareholders intrests, pay bills, taxes, and caused damages to investors by not filing SEC forms, or meeting minimum requirements of the corprate commission of the state of Delaware to keep the company in good standing. This will apply to all the former company names, and leave the shell clean inregards to control of the company, and former offices. It will not leave the company without liability for bills, or taxes.
I'll watch this board from time to time to get your response to this proposal. I also suggest you submitt your certs to your broker to get transfered into your trading acct. When they get returned as non transferable they will carry a dated stamp that can be varified later, and matched to the brokers fee charged to you for having a cert issued pior to SAT's halt in representing acmg.
Happy springtime everyone.
I thought I'd let you all know I've found a proven method for converting wood/bio mass/algea/coal into alcohol using a veriation of the Fischer-Tropsch process. It's was discovered 90 years ago in Germany, and with a few tweeks could work 50X better using modern methods. Hmmmmmmmmmmmmmmm so Mr. E was full of it about having a special process. It's just forgotten tech from a century ago.
The process produces a range of alcohols from what I've been able to figure out, and could be fine turned to yield a higher percentage of ethanol vs methyl, propyl ect...
The stuff posted above by seekingalpha is going on 3 years out of date, and very negative towards a company that has got their ducks in a row heading into 25 mgw production early 09. I've done my DD on this puppy from every angle I could think of, and the only PR's being sandbagged by the company are who the vendors are that are contracted to build the componets for the production line.
I'm 99% convinced Sencera is providing the plasma layering machinery, because the XsunX PR from Dec 16/07 states the company has exclusive rights to plasma layering machines for 500 mgw. Exclusive anything costs money, and Sencera is the only company XsunX has pur money into.
According to the contract in exchange for the loan money Sencera has until Aug 08 to provide a production unit for testing to XsunX..... and guess what! the Sencera website just gave a PR that they got financing to build a 1 mgw test production line. XsunX is respondsible for 50% of the engineering costs on the test production line. So a small part of that 21 mil finance package will go to pay for the 1 mgw unit.
I'll post the contract details later so you can see for your selves
The accumulation over the past 3 months is over 17 mil shares. If you post any imformation on the yahoo board you'll get 1 starred for your efforts. There are about 3 or 4 posters on that board that must be paid to keep the price down while their employeer accummulates shares. They spred fear, and post misleading imformation about the current company.
If you folks don't mind I'd like to post XsunX's contract details with Sencera llC. So you all know what's going on with the development of plasma layering supplier.
I talked with the IR dept this morning concerning the Sencera contract from 1/07. The IR guy said nothing has changed with the original contract, and the company would post a PR if it did. The last Q report for Dec 07 says XsunX completed it's loan contract with Sencera in Sept for 1.5 mil to develope plasma layering related to solar cells. So don't believe the BS about Sencera going in a differnt direction.
By the way I live only about 10 miles from the new production plant, and went over and looked at it. It's a huge modern building, and the former company (merix) is in the process of moving out. You can go to the Merix website and read about the woodvillage site. It was their ultra modern flagship production unit. It's located about 1 mile from the LSI logic, and former fujisu complexs.
In case you have heard Woodvillage gave XsunX enterprize zone status for 3 years. That means tax free for 3 years.... Mt. Hood CC is in the process of training displaced workers from Merix to work for XsunX also. The company has financing to build the first 25 mgw production line.
If the company was highjacked then why wasn't it in included in the hit list of SAT companies?
They want to play it again, but they will have hell to pay if they try. I like the sound of fraud and civil conspiracy to defraud. I'm sure his X wife is full of information, and more than willing to screw Birmen and his cohorts.
CHARLOTTE BROWN, ET AL. v. BIRMAN MANAGED CARE, INC., ET AL.
Court:TSC
Attorneys:
Kelli L. Thompson, Knoxville, Tennessee, for the appellants, Birman
Managed Care, Inc., Birman & Associates, Inc., Dr. David N. Birman,
and Sue D. Birman.
Steve D. Gibson, Ashland City, Tennessee, for the appellee, Charlotte
Brown, individually and as custodial parent on behalf of the minor
child Christen Barenkamp.
Judge: DROWOTA
First Paragraph:
The plaintiff, individually and on behalf of her daughter, sued her
former husband and his employers for fraud and civil conspiracy to
defraud. She alleges that these defendants successfully carried out a
plan to reduce the amount of her former husband's child support
payments. Part of the plaintiff's conspiracy claim is based on the
testimony of her former husband in a child support hearing in which he
is alleged to have falsely stated his income. The defendants moved
for summary judgment on two grounds: (1) the quality of the
plaintiff's evidence and (2) the defense of "testimonial privilege,"
which grants a witness immunity from subsequent civil liability based
on testimony he gave in a judicial proceeding. The trial court
granted the defendants' motion. The Court of Appeals, in an opinion
authored by Judge Cantrell, reversed, holding that the defendants were
not entitled to summary judgment and that the former husband's
testimony comes within the "larger conspiracy" exception to the
testimonial privilege. We affirm both holdings of the Court of
Appeals.
http://www.tba.org/tba_files/TSC/birman.wpd
Does it have the same sec number? or is it the real highjacked shell? Hmmmmmmmmmmmmmmmmm
Intresting..............
Now if you would be so kind as to email me a scanned copy of your appointment by Birman, with notary seal, and visable signatures, and dates. and your registration with the state of Delaware as a office of the company.
Also send me a scanned copy of your Birman Healthcare stock cert. if you would, to show your association with the former company.
Don't bother contacting me unless you can prove your appointment, and association with Birman. If you can prove your appointment, then you will need to show that Birman turned over his stock back to the company, or his bankruptcy creditors should get notified of withheld assets.
My email: pinkeyepete2@yahoo.com
You might be jumping to conclusions on the lawyers benifiting, or Birman benifiting from the rollover into hackerproof. It would appear that the company is ligit, because of a filing oversight and nothing more sinister. Hackerproof benifited from the sale of the shell to Dr. C, so there is no monitary harm caused to hackerproof by the oversight on filing. Dr. C played it until he thought the Canadian gov was going to investigate him for fraud. So there was no harm caused by the filing error dating back to the Birman Healthcare bankruptcy. Our issues stem from the T/A criminal investigation, and fraud by our former CEO IMO. If you'd like to be helpful please do some DD on who the lawyers are that represent the former management of SAT. We'll need to talk with those folks down the road.
It's going to take time, and support by the courts. I'll let everyone know of any news down the road.
My phone died........ needs a charge sorry
I'm looking at this company, but seems to be a lot of loose ends. It would appear that some Chinese company has provided financing according to PR from last year, but does that apply to the Mexico property? The company has presented it's equipment needs, and estimated price of 6 mil or so. If the financing applies to the Mexico properties then maybe this thing has a shot of becoming a miner. Otherwise it's in bad shape and can't generate enough money at these stock prices to do anything. I'm not sure I see the point of Cotton creating a spinoff company other than to pump the stock price, and most pinks that play that game have reached deathrow. Any help in understanding hidden value, or hidden landmines in this company would be appreciated.
Well there is a question of Birman owing the state of Delaware taxes, and as you know, or should know brankrupty does not exempt you from taxes. So it's very possible that Hackerproof got ownership/possesion of the company through Delaware by agreeing to pay the taxes, or something along those lines. The names were registed with Delaware, and as you know the company has a rather healthy tax burden currently that is unpaid. Do these tax assesments carry back to Birman? I'm betting they do. Birman might have gone bankrupt, but the company belonged to the state of Delaware if taxes were owed, and the state of Delaware has a right to sell property to collect back taxes. The property being the company name, and registration number. If the attorney that handled the Birman bankruptcy notified the state of Delaware of the bankruptcy, and told them the company had no money, or assets to meet it's back tax, or fee obilgation it should be understood the company shell belonged to the state of Delaware to do with as they please. Now is that what happened? I guess I'll find out. Could be the attorney Criptkeeper talked to screwed up, and never notified the state of incorparation of the bankrupty. That's a differnt can of worms, and dumps liabilty on that attorney maybe.
I would include Mr. S in the investigation. Just to make sure he's not involved more deeply than he admits, and to vindicate his name in association with AC.
Dealing with S is something to consider along way down the road, and may or maynot be worth pursuing depending on his ability to prove under lab conditions that his conversion to plastic resin works at a high enough percentage to be of any value. In the past the company failed to build a test reactor system, and if we decide S has a working process the first order of business would be to build a small scale 5-10gal working system. I don't expect his process to be of any value, or Dr. C wouldn't have done the bait and switch to ethanol, and then ran away from the company.
2) We don't need to halt trading to get a share count on a specific day, but we do need a new T/A that's for sure, and the records from the old one.
3)and 4) I agree Dr. C has to have his shares returned to the company, and any other shares he might control. It's not my intention to bring dillution into the company, but the bills need to be addressed, and any discision to add additional shares would fall on the BOD. Presenting this to the stockholders via Edgar, Yahoo, and mailing out to known shareholders would be best. Annoucing a meeting at a specific location on a specific date to take a vote to approve, or reject the purposal. At this point it's impossible to know what a majority is, because of the T/A issues, and a public meeting is the best the method to address the needs of the company. I may need approval from the Delaware C court to conduct a meeting to address adding addtional shares, or the original documents of incorparation might provide a claus allowing the BOD to approve the purposal. I'll let you know in that regard. Anyway you slice it the company is going to have to pay it's way back into viability, it won't be coming out of my pocket. You can't pay the T/A to recover the records, or meet tax obligations, and attorney fees without money, and the only souce of money is in the stock, or a high intrest loan that would require selling even more stock to meet that obligation. The current stock price is extreemly bad, but as the pieces start to come togeather the stock price will reflect the improved condition of the company IMO. It will be a long time before we need to address the need for additional stock to pay the bills, but sooner or late we're going to have to do it. There is no possible way to prove AC even owns a single share anymore without the share holder record from the old T/A, and that has to be addressed.
((Should we also do a new share count to assess our voting power?)) That's not a bad idea, and it will update the old record. I still hold 1 million shares.
Your question is it worth taking over? Well it's not a takeover as such, but a restucturing of the company. Is it worth it???? well the costs to form a public traded company, and get listed on a exchange carry some pretty expensive legal costs, and take about the same amount of time as it would to bring this company back to life. Starting a new company offers no relief to long term, and cert holders in this company, and that's the whole point of bringing it back into operation. It offers a second chance for the company to succeed regardless of the direction we choose to take it.
Well thanks for the support guys... It's a long project to get to the point where we can legally force the shareholder count from the former T/A. It requires a corprate officer to do it, and first I have to get approved by the court to act as a temp corprate officer. From there we have to see where we stand as far as total float, and what's left that hasn't been sold into the market.
Another direction the company could go in is manufaturing soap. It's not very glamorous, but it generates a steady income in a reccession economy, and soap companies don't genrally go broke ever. A few of the same companies that made soap in 1900 are still around today, having servived depressions, reccessions, and wars.
A 3rd option is we enter the perfume/cosmedic industry, and try to build a nitch market for our products.
4th we could persue Mr. S and try to revive the woodchips to plastic resin business Alcard was pumping. I rather doubt it works as advertized, or Dr. C would have never started the BS about making ethanol, and we would have had reactors in operation by now.
5th we could design and market small scale hydrogen production plants for home/farm use as fuel, or heating. Wind or water driven hydrogen generating plants. It's clean it's green, and we could stay in the alt fuel business.
Well if you folks are supportive of getting this company back on the map. I'll try to jump through the hoops to make it happen, and work with the SEC to keep it trading, and get all the needed documentation filed. Expect some bumps along the way, because I've never delt with a public company before. I have bought I company in bankruptcy 25 years ago, and delt with 40 lawyers all wanting money for their clients to do it. But this is a new animal, with differnt rules. First I'll file with the Delaware C-Court to have the judge appt me as Temp CEO until we can have a shareholder meeting to elect corprate directors. Dr. C never had a real BOD, and it's my hopes there are a few here with both legal and business brackgrounds to fill the BOD with 4 qualified individuals to help direct the company growth, and oversee the company financials. At the same time we'll elect a CEO, CFO, and COO to operate the company, and choose a direction for the future. The company will no longer be located in Canada, and for all practicle purposes will be located in a file cabnet in my basement if the court approves my application to act as Temp CEO. I wish I could say how long I would have to act as Temp CEO, but that will depend on how long it takes to get the needed material to have a corprate election.
Choices for the future: I would prefer to take the company in a new direction focusing on mining gold, and Platinum group metals. Goals being to establish a portfolio of mining properties in states that don't allow mercury or cynide leach mining. Oregon, Washington, Montana, and Colorado. The focus of the company will be to used halogen leaching which can be done in a near green, or green manor depending on the ore. I doubt any patents could be made in this area, because pior art dates back to the 1860's using halogens, and many patents were made during the 1970's for extraction using this concept. To my knowlege there are no companies using this method today, because it's become a lost art with cynide leaching being so cheap, and gold prices being so depressed during the 1990's. Gold prices are more than attractive today, and cynide isn't a option anymore in the states mentioned above. The other advantage of halogen leaching besides being enviromentally freindly is it works on ores that cynide can't touch.
Wow, I hope he does send a lawyer. Then we could conduct the transfer of all his shares back into the company coffers in exchange for dropping crimmial charges, and collect the company books, and stock ledger. But I don't think this will happen, because that would just make it easy, and I don't have a easy button. Lawyers are not stupid, and they will make a deal in a hot second to benifit their client. It would be in the best intrest of all of use to get the company back on track as soon as possible. I'm not a vindictive man, and would show grace to the Doc in exchange for the above items. We may need a few other documents related to the company he has, but I'm not sure what they might be until the books get reviewed. Once we have all the needed records, bills, and documents, then he would get his waver for criminal charges from the company. If he was involved with fraud through the T/A selling shares that didn't exsist, or company shares that were reported to be still on the books. He would be required to purchase those shares back on the market, and return them to the company, before the waver was valid.
Are you gentalman, and ladies ready to gain control of the company under Delaware corprate laws?
Chap 1, genral corprate law
subchaper 7, meetings, elections, voting, notice
section 223, vacancies, and newly created directorships
If at any time, by reason of death or resignation or other cause, a corporation should have no directors in office, then any officer or any stockholder or an executor, administrator, trustee or guardian of a stockholder, or other fiduciary entrusted with like responsibility for the person or estate of a stockholder, may call a special meeting of stockholders in accordance with the certificate of incorporation or the bylaws, or may apply to the Court of Chancery for a decree summarily ordering an election as provided in § 211 of this title.
Why would I call this person? what value do they have other than chit chat to me? I'm not inclined to call anyone randomly without a valid reason. What documents do they have that would help or shed light on our situation? Are they going to tell me secret things that can't be used in court? Would they try to divert my attention to something other than getting the company back on track? lol
We are finally moving in the right direction, and getting crimminal charges hung on the Doc. Those of us with certs can appoint a person, or persons to act as a temp corprate officer/s in the absence of ligit officers to conduct company bussiness without liability for past corprate actions. I think we would prefer someone with a legal background, and Cryptkeeper could mailout a proxy vote to known cert holders. We have to have a legal represenitive even in a temp capacity to deal with the former trasfer agents to request/demand a share holder of record count, and if nessary file crimminal charges against them as a company rep.
Step 1 file charges
step 2 appoint a temp company rep, and get them on file with the delaware corp div.
step 3 go after the T/A with a vengence
step 4 find out if the doc embezzled the remaining shares of company stock, or if the T/A oversold shares beyond the the companies max share count, and press charges on both if nessary.
Step 5 proxy meeting of shareholders to determin the future.
LMAO........................ you think he would have paid E if that was going to happen.
How will the shell be clean without paying the T/A and getting a total share count? Plus the matter of Delaware corp taxes. All in all that's not a massive debt to deal with to clean up the mess the Doc left behind. Might have some utility bills and office rent also.
Shall we make it a gold mining company developing a green leach process using halogens, and focus on states where CN leaching isn't allowed?
I'm sorry but the good Doc did commit a crime, by intentionally misleading investors into believing they owned a plant in the industrial area, and were starting production with the first reactor in the summer of 07. The SEC rules are very clear on the managements responsiblity to report any changes that might effect the value of a stock good or bad.
After being screwed by Dr. C, I'm sceptical of your news from E, and would ask you to post the court case number, and location of the court (city). Being Dr. C has no known assets except his 40 mil shares of Alcar. I would urge Mr. E to get a judgement with the court transfering ownership of those shares as payment for the debt. Then we can talk about bringing the company back to life with Mr. E as controling intrest, and owner of the the process to make Plastic resin.
OK anyone got a update on the law suit against Dr. C? and has anyone been able to get the shareholder list/ shares outstanding ect... from the former T/A. Has anyone contacted the Corparation commission in Delware, and filed fraud charges?
Doing fine.......... been playing the QID, and avoiding the genral market the past couple months.
Been working on perfecting doing a redox gold extraction. I've had constant issues on keeping the PH in the right area using halogens, but we all need our hobbies.
Yes, our dear Dr. C did knowingly mislead stockholders about the production plant, patents he didn't control or have, and failed to correct the misleading data as a company officer. He basicly could share a cell with Enron management.
If it can be shown he profited from misleading info on stock sales he's looking at 20 years in prison.
Dang I wasn't trying to pump just pointing out the run up. Haven't posted in months, and will repect your tight control on this board. Sorry
Will we see a stock raise from the dead? and have a transfer agent? No T/A and it's just a pump job IMO, because my cert is worthless without one.
It looks like they are ready to punch through into the pressure zone, and you don't run 1 1/2 miles of casing down the hole if you didn't find anything. I'm betting they hit pay dirt, and before the well blows it's guts out they are casing it. Then it's a matter of how much more they can drill before we get a gusher under so much pressure they can't continue deeper. 400 barrels per hour would start ringing the cash register big time. $720,000 per day. 25% Montello intrest = $180,000 per day. 65.7 mil per year if it comes in at 400 per hour. Montello becomes a $6.75 stock at 15 times cash flow in 08.
Gold is where you want to be asap.........
I hope you guys aren't afraid to buy Canadian stocks on their market. It does cost more to buy, because you have to do a broker assisted trade. I make 90% of my money in the gold/silver sector so I'm not a green horn in commodities. Heres my number 1 pick for te rest of 07, and 08. Castle Gold CSG.V on the Canadian venture exchance. Number 2 would be AZK on the Amex. When you see the CSG.V numbers you'll understand it's going to be a $12-$14 stock in 09. Their new website isn't up yet, and for past history go to the website for Morgan minrals MGM.V, or the other half of the merger AUQ.V
Current production:
El Sastre.. apx 2500 oz per Q, and increasing pad tonnage which will improve the avg production in 08. Cost per Oz $180.
Castle Gold posted a net earnings of .01 off this mine in Q2 07.
El Castillo mine:
First pour expected Sept 07. production rate of 5000 oz expected by Dec., and increasing to 7500 oz in 08.
Projected net earnings at the present gold price .07 per Q, at 5000 oz per Q. At the 7500 oz production rate earnings per Q are expected to rise to .11 per Q at the current price for gold. 800 gold would generate .13 cents per Q.
La Fortuna mine: Being commisioned and permitted 07-08
deposit contains 4.4 mil tons grading 2.25g AU, 29.9g AG, and .23% copper. (322,000 oz gold, 4.3 mil oz of silver, and 22.6 mil lbs of copper) estimated cost per oz of gold is below zero. Estimated yearly production 25,000-30,000 oz gold, and 400,000 oz of silver, and 2 mil lbs of copper.
In Aug Morgan increased their land package around La Fortuna by 9851 hectres. The new area contains 4 minral zones, and past sampling indicated grades as high as 80.0g gold, and over 1000g silver. Very little exploration on these 4 minral zones.
El Arenal deposit: currently being drilled.
Projected 08 production: 40,000 oz of gold at a cost under 200 per oz. Net earnings est. .48 cents per share
Projected 09 production: (including La Fortuna 25,000 oz) 70,000 oz at a cost below 0 for LaFortuna. Est. Net earnings $1.00 per share at the current gold price.
This one does take the cake
LMAO............ I got a vision of him in a Dick Nixon rubber mask giving us the peace sign with both arms.
Good luck to you class action guys, and you might rattle enough cages to get something moving.
You guys are very forgetful when it comes to Evengy. It's Evengy that put off signing the processing agreement that would let Alcard use his tech. He's at fault for bringing the company to it's knees in my opinion. He was trying to strong arm Dr. C into a better deal, and basicly screwed the company. His claim of not knowing anything is pure BS in my opinion. His mother was the company president, and her lover the ceo, and the company was built around Evengy's process, and he worked for the company. How can he not know EVERYTHING that was going on with the company. He's trying hard to distance himself from Alcard, but that's kind of hard when the company was built around him, and his tech process. Evergy was aware of what was going on with BHL, and he was aware of all the PR's. That makes him morally and legally respondsible as a officer of the company for not publiclly refuting claims made about a processing plant being built in Canada, and the ethanol conversion process. His hands are as dirty as anyones in this company, and frankly he's the only one that could have blown the whisle, because of his knowledge concerning the conversion process. So Evengy is accountable for the condition of the company, and so is his mother. I can't see Dr. C building a company around a tech process that he would never be allowed to use, and I suspect he was mislead by Evengy, and his mother into believeing Alcard had the rights to claim the company controled this conversion process. Only Evengy never completed the transaction by signing the contract, and left Dr. C hanging in the breeze. Was Dr. C justified in witholding wages over the issue? I don't think he legally could do that, and that's why Evengy is going after the company. BUT is was Evengy that put the company in this situation. If the company built the Canadian plant without the signed agreement, Evengy would have sued, and played Alcard like a cash cow. So nothing was built, because he wouldn't sign. So who's the real greedy asshole in the company? It's Evengy and his mother that sought to get control after Dr. C put togeather the company. JMO of how this all played out so far, and if Evengy ever signs the agreement the company will spring back to life. If anyone is buying up the float it has to be him, because the future of the company all hinges on his signature. I suspect Dr. C some how has him by the man sack, and can block him from selling his tech to another company. So we shall see if greed can play it's course, and Evengy can aquire enough float on the cheap cheap to make himself rich.
You know that's a very good question, and has serious ramifactions suggesting his COO position with Alcard was his job.