For those with a lot invested, I hope Darin comes through for you.
.. but he was previously involved with NNRF, perhaps that association
sheds some light on his current involvement with HCTI?
Lots of posts for NNRF, especially around 5/28/08 to 9/10/08
You would probably do well to read them to understand more about at least one of the players at HCTI
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7816
of 10122 Go
One of my beefs with management is why has Richard walls relationship or darin Nellis never been disclosed?
Of the original 22.5 million shares 2.9 went to the old stafford shareholders....the insiders got
Valery A. Lebedev, Ph.D. - CEO 3,333,334 9.60 %
Common J. Holt Smith - President (1) 1,363,000 3.92 %
Common Alexander S. Stepanenko - COO 3,333,333 9.60 %
Common J.P. Todd Sinclair (1) - CFO 432,000 1.24 %
Common Peter Goerke - EVP & Secretary 3,333,333 9.60 %
Common Lawrence C. McQuade - Chairman 100,000 *
Officers and Directors as a Group (6 parties) 11,895,000 34.24 %
So richard walls family had 7.5 million shares...then on June 30, 2006, the Company received $342,128 in loans from various third parties shareholders. The loans were non-interest bearing and were payable on demand. On July 1, 2006, the lenders made demand on the Company, and the Company agreed to the conversion of $342,128 of outstanding principal into 4,593,073 shares of common stock, conversion of $0.07 per share.
A huge chuck of that was from Richards family at then the family had around 10 million shares plus ...he divided them up to his wife and 2 sons and his mother so as to be individually under the 10% insider rule...so they don thave to file when they sell....
But my point is this...as a group they should have disclosed there holding and been subject to insider rules because they like in the past are acting as a group...3 points show this clearly...
1)Janet Wall and darin Nellis both put up stock as security for the line of credit...so it shows they where acting togther..
2)Barry davis and danny colon where compensated over 2.1 million shares...no one member of the family owned that many shares...in fact several members distributed shares..so again it shows they where acting togther as a group...
3)Darin Nellis President, Managing Director Power Quality Holdings, Inc. entered into an agreement with NNRF and issued several NR relating to the EP units...not even disclosing his father is the founder of NNRF and he is a signifagant shareholder...
How is it Richard wall and his family where never subject to insider rules?..when everyone was wondering where all these 144 stock was coming from it was from this group...and those they sold cheap stock as compensation for pumping the stock...
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kingthorpe Wednesday, 05/28/08 06:20:05 AM
Re: kingthorpe post# 6967
Post #
6968
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SO fast forward to summer 2006....Richard wall puts together a shell company to roll simular operations into it...and in haste picks up a pinks sheet stock....
Of the 22.5 million shares in the new shell 13% or 2.92 million go to the old stafford enegy people....3.3 go to Lebedev..3.3 go to peter Goerke...3.3 go to Stepanenko...holt smith gets 1.3 million...however there are 7.5 million shares not accounted for....?and there are 4.5 million shares that where converted to debt at 7 cents...who owned them?
Well its interesting that Matt from breakpoint trades interviewed richard and referrs to richard as the founder and largest shareholder of NNRF...yet doesn t show up as a director or 10 % holder of record?...yet if you look at the POOF line of credit agreement you ll see Janet(his wife) and darin Nellis putting up shares as colatterall...funny how Janets holding s come just under the 10% rule...so its obvious that Richard distributed his shares between his family to pass under the radar of the 10% rule...and what is even more revealing is Barry Davis handed out richard Walls phone number to shareholders and even mentions him in the conference calls...yet never shows up in any of NNRFs filings....
Funny thing is Barry Davis was targeted by stocklemon because of richard Wall...lol...i wonder if barry even realises that yet...lol....stocklemon wrote up a partner of richard- Kurt Siefman back in 2002 with ATI..real classy.
However...one has to ask...how could this happen and what are NNRF prospects now?
Well the answers are complex...first off the current management knew little about past dealings of Richard with the exseption of Peter...and Richard put his money up to get things rolling...and suspected nothing of the dealing he brought to the table,as a founder and large shareholder not much was questioned untill the 144 s started to show up and revenue projections did nt shape up...Richard was selling privatly shares and the company had no idea as they don t show up till the buyer files 144 papers...
So now the Barry Davis Danny- Colon issue...let do the math...who could have compensated them?well the company could not have done so or they would have to diclose it...all the insiders have n t sold any shares or it would have to be disclosed...the only people left are Mercer and Richards group...Mercer did nt sell any shares to Barry..i phoned them and they assured me they didn t...so there is only one source let that could have come up with 1.25 million shares...no one else had controll of that much stock back in early 2007.
In case no one know what the Danny colon issue is....well he was the one setting up the CCs and the web site calientestocks.com(BTW stocktiger your feed still plays there)...
Hmm what a mess...and of course you have the EP units...of with Darin Nellis(richards son) negotiated MILLIONS(250 over 5 years) and yet has to record any revenue...all the while selling stock..(look at 144s....well management started to get the picture once no revenues happened and 144 started to come out...
well what has happened in the meantime is the company has progressed with the atoll acquistion,velcont and electroprivod....and have JV s with ENC and AEM...as well as promising technolagies as Fiecom-biecom-bicoflex...ALL of witch have nothing to do with the Richard WALL crew...and even thou Eurotech...ATI...Brillant...global M...alll use navigator management death spiroll financing ....NNRF DID NOT...
So basicly they need to KICK Richard to the CURB and get on with bussiness...and plump the next bag of garbage Barry Davis right next to him...
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kingthorpe Wednesday, 05/28/08 05:34:17 AM
Re: Batscam post# 6965
Post #
6967
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Batscam...i think its obvious somethings smells bad...many posters even on stocktiger know something wierd has happened but don t know what...and to your credit have put some of it together..however its bits and pieces and you as well as all sahreholders need to understand the whole picture...
Go back to 1996 and Richard Wall is involved with a company called Orbit...they have a product called PET (polymer encapsulation technolagy)...and even in the filings they mention chernybol as a use for the product...a lawsuit ensued involving Richard wall and he ended his involvment later in 1996...also involved was a man named Kurt Siefman..you ll see why i mention him later...
So then Richard and son(CHAD) join eurotech along with Kurt Siefman (ERBC Holdings, Limited) and viola EKOR is born as Oleg L. Figovsky joins the group...EKOR was owned by Kurchatov Research Holdings, Ltd and CIS....The outstanding common stock of KRH is owned of record by ERBC ...EKOR later is renamed Nucap....eurotech gets involved with toxic financing (navigator) and now trades at .0012...so they roll it into ATI....
On February 1,
2000, the Company changed its name from Kurchatov Research Holdings, Ltd. to Advanced Technology Industries, Inc.Peter goerke was the Vice President of Kurchatov Research Holdings, Ltd at the time...By agreement dated November 30, 1999, we transferred to Eurotech all of our rights to an interest in the EKOR Compound,Peter Goerke joined ATI as Vice President in March of 2000...and of course you have Richard wall involved here as well....and Kurt siefman owned 45% of ATI...and ofcourse they use Navigator management for financing...and thus failed...and Richard was named in legal proceedings in that stock as well...
ATI eventually changed there name to Brillant technolagies....and try to go down the same path...brillant eventually fired Peter and other directors to start something different..
Peter Goerke, a former Vice President of Brilliant, initiated legal proceedings against Brilliant for the value of his remaining employment agreement, accrued wages and expenses. A German court ruled that Mr. Goerke is not entitled to the remaining value of his employment contract and is only entitled to collect approximately $197,486. As of March 31, 2007, Brilliant has accrued such amount. Mr. Goerke has filed for a lien against certain assets of Cetoni Umwelttechnologie Entwicklungs Gmbh ("Cetoni"), one of Brilliant's wholly owned subsidiaries.
And yes Brillant used navigator to finance operations...
In 2003 global matrechs liecences EKOR(Nucap) from Eurotech..and even as early as In 2000, EKOR was successfully demonstrated to contain radiation from Chernobyl's Unit Four...long before NNRF came along...and agian navigator was used as a financing vehical...
SO...along comes 2005 orbit...Eurotech...ATI..Brillant..and soon to be Global matrechs have bit the dust...and NNRF is born out o a shell...touting simular ideas of past glory...
