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Wednesday, May 21, 2008 5:42:43 PM
AETE, had it been treated in the manner that it should have an was being demanded by the "real management of the company" would have been able to demonstrate to the market place the viability of it's technology to the marketplace in a reasonable amount of time and that technology would have been validated in operation by serious industry participants and academics. Instead the pump and dump crew had been moved in to run a parallel operation without the knowledge or consent of the senior management of the company.
I believe the documentation demonstrates that in fact the pump and dump crew placed their concentrated effort in the expenditure of cash and illegally obtained free trading stock shares and the efforts associated with that for the purpose of creating a story without substance through which they could and did run the stock up to a value of $3.75 in a very short period of time only to attempt to cash out as quickly as possible which was cut short by the reporting of the illegal 504 Reg D transaction. That of course didn't keep some illegally counterfeit stock from finding it's way into the market I'm sure.
It has been said that members of the senior management of AETE made the demand of the SEC that the trading suspension of AETE stock be extended for the purpose of protecting the company, it's stock holders and the investing public while the internal investigation was being completed as well as that of any regulatory and enforcement agencies looking into the activities of the perpetrators. That obviously was not capable of being accomplished for reasons unknown at this point. An unusual request to be sure but one that was made none the less.
The stock promoters, with Tim Dougherty and Expedite Ventures at the head of the pack continued to dump their free trading shares at the expense of the typical investor. This is criminal itself especially since Jonathan Gilchrist made the deal with Dougherty and then the reporting of the stocks were attributed to AETE which is a fraudulent act in itself by lying on a report to a federal regulator. It can only be hoped that Dougherty and Gilchrist get their n*ts crushed for this little scam. It didn't last as long or go as far as they wanted it to but it went much farther than it should have.
If you take a look another one of the same groups that Dougherty operates is touting Gulf Ethanol at this point as well. Coincidence? I don't believe so. Just more of Dougherty, Gilchrist, Carmichael, Cloud, Uselton and the rest of the crowd working the market hard to cash out as quickly as possible.
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