Gulf Alternative Energy Corp. (GAEC)

[zekel]

In order to make their promotion work, they not only need the millions of shares issued at par value, but they also need the appearance of liquidity and movement on the stock. In the past, this is where Darrel and Jack Uselton came into play with their various controlled entities (Valores, Ibis, Firemark, Protrading.com, Tejas Capital, Brazos Capital, etc...). Unfortuneately for JT Cloud, William Carmichael, David Mordekhay, and Jonathan Gilchrist, this important piece was pulled out from under them last July just as the "pump" was in full swing when Jack and Darrel were arrested:

http://www.oag.state.tx.us/oagnews/release.php?id=2088

http://www.sec.gov/litigation/litreleases/2007/lr20187.htm

This and subsequent uncovering of their ongoing scams with TMDI, AETE, MYHA, and OXFD, it kinda put a kink in their scam........