Goldbridge Capital

[zekel]

I probably won't be posting on this particular sight much, but wanted to thank you for the acknowledgement.

Here are a few interesting tidbits on Goldbridge Capital that may have already been stated but are consolidated here:

In 2003, there were a series of financial arrangments and investment advisories made to "A Time to Grow" (the predecessor to American Enterprise Development Corp or AEND), owned primarily (95%) by Jonathan Gilchrist and James Carroll, by Goldbridge Capital. As their investment advisor, Goldbridge Capital would receive a fee of 1.5% of assets under management paid quarterly in arrears and a 10% participation interest in realized returns in excess of a 25% return on assets.

William Carmichael served on board of directors of AEND since 2000 as well as with a company called CyberLaw (another Gilchrist company involved with Goldbridge, and Gilchrist's other company, The Internet Business Factory) and James Carroll.

In 2006, AEND appears to be involved with Darrel Uselton's Ibis Energy which was issued 100,000 shares. Shortly thereafter Gilchrist resigns as CEO. About the same time the Useltons (Jack and Darrel) gets involved with Gulf Ethanol (GFET) with fellow wise-guy Carmichael, David Mordekhay and Gilchrist

Bringing us to the present....Gilchrist's other part owner of Goldbridge, Chet Gutowski (and also listed as management of a private company called Southfield Energy), all located at Blalock Road in Houston, puts out a glowing "independent chartered financial analyst" opinion piece regarding the likelihood of sister company, GFET (located at the same address) and their impending success and his prediction about the stock price skyrocketing and being an industry leader. All of this simultaneously happening as fellow co-conspirators Jack & Darrel Uselton, Gilchrist, Mordekhay, Carmichael, and now JT Cloud are cashing out their millions of shares issued to them at par value while the stock is taking a wild run up at the expense of unsuspecting shareholders (run-up orchestrated by Uselton & Co. phantom trades and private market making). Meanwhile, I have speculated that kickbacks are streaming in to Mr. Gutowski for his glowing independent report via Gilchrist's companies (Goldbridge and The Internet Business Factory).

All of this would have continued to happen indefinitely, but unfortuneately things began to unravel when Uselton's spam campaign actually ended up at an attornies office at the SEC - not too happy about receiving unsolicited spam promoting a stock the Uselton's were summarily arrested in 2007 charged with an illegal spam-bot operation....
http://www.sec.gov/litigation/litreleases/2007/lr20187.htm

However, a silver lining to all this is that I am thoroughly entertained evertime I watch the arrest video:
http://www.oag.state.tx.us/media/videos/play.php?image=070907uselton_arrest&id=235