Alternative Energy Technology Center (ATNE)

[zekel]

Important Opinion - I believe that Mr. Brown Marks at AETE has made the right decision to purge house of Carmichael, Gilchrist, and Mordekhay. It is my opinion that Carly Long should also go. I believe AETE has unwittingly been subjected to a scam perptrated by the above individuals. As such, I believe that one should give the remaining management the benefit of the doubt to get this situation out of the ditch.

I testified back around 1999 in front of Robert ("Bob") Besse at the SEC after I had met in person with Jack Uselton in 1998 when he was running the Mountain Energy (OTC:MTEI) scam. My visit with Jack was two fold - primarily at the request of friends who had invested (I live in Houston near their old offices and belonged loosely to a penny stock investor chat forum/club), and secondarily, I work in the oil & gas industry and was very interested in possible business opportunities. The meeting ended very quickly as I realized they had no operations, no operating personnel, and no knowledge of the industry. I never invested in that company.

Back in the late 90's, the SEC had never really pursued persecuting these small time, penny stock, boiler room operations - it simply was not on their radar. That all changed with our small group of investors who stood up and decided we were not going to take "no" for an answer. An intense campaign of soliciting help from US Senators, the SEC, the Texas Attorney General, the Governor, Better Business Bureau, etc.... We finally got the audience we wanted at the SEC and they were successful in disgorging their ill-gotten profits, as well as accessing fines against Jack and his party of scammers (all of which except Jack, appear dormant in their activities for now).

Jack is Darrel Uselton's uncle, who raised Darrel, after his own father passed away. Apparently, Darrel learned well, and started up his own set of scams. Do a google search on the internet and you can pull up a full history on his dealings. Darrel completed the circle of the scam, by creating his own private "market maker" services (primarily thru Ibis, Firemark, Valores, and Protrading.com). The basic scheme is to raid the shares of small companies in need of cash, create false and misleading press releases (Dino Price at Ballyhoo), create a flurry of trading activity between the various controlled companies (Gilchrist, Useltons, JT Cloud and Carmichael at Hepplewhite, the above mentioned companies, Galleria Securities, Oxford Funding, Goldbridge, etc...), spam the internet with emails, cash out....repeat with next unsuspecting company. All of this happening typically unbeknownst to the company (reference these samples):

http://www.spamsuite.com/book/export/html/176 )
http://www.spooz.com/press_details.aspx?ContentID=109
http://www.sec.gov/rules/petitions/4-500/rdnull071205.htm

With so many companies, it is difficult to connect the dots between all of the primary players (Useltons, Gilchrist, Carmichael, Mordekhay, Cloud), the secondary players (Price, Long, Schillar, Gutowsky, Rhodes, etc...) and others, but what is abundantly clear in reading through the company financials of TMDI, OXFD, GFET, and AETE is that there is a systemic funnelling of company shares at par value to all of the above players. Also factual, are the public press releases and web sites, that twist, embellish, mislead, and outright lie about their capabilities. Furthermore, there is a blatent omission of facts regarding their intertwined relationships and conflicts of interest.

As a prime example, one only has to read the glowing report that "independent" financial analyst, Chet Gutowsky gave recently of GFET which includes a disclaimer that he has no financial interest in the company. However, it is clear that as an owner of Goldbridge (along with being an employee of Gilchrist's Southfield Energy), all physically located within the same office suite on Blalock Road in Houston as GFET, TMDI, OXFD, and AETE, it is quite easy to see the conflict of interest and money likely being exchanged for his services as an "unbiased" analyst.

I could go on and on....feel free to read through my postings on the Yahoo Finance message boards for any of the above companies to see the history and linking.

I do not have a premium account on this message board - if you have private messages you wish for me to respond to, please email them to my account: elmoscuba @ yahoo . com