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Re: Makamai post# 5369

Friday, 04/03/2009 6:06:42 PM

Friday, April 03, 2009 6:06:42 PM

Post# of 8728
Again, Makamai, I can see you have an issue with some piece of information. But unless you disclose the specific piece of information with which you have an issue, we can't talk about it. Why can't you see that?

Regarding Green Rubber, apparently Mel Gibson never had any involvement whatsoever. Mel Gibson's name was used to get Bruce Willis to invest.

The story as I understand it goes that a Tan Sekhar invented two "revolutionary" rubber processing technologies. He also had two sons. Tan Sekhar never did anything with these technologies but gave one to each of his sons.

One son, Vinod, didn't have any money so he teamed up with a Malaysian Prince with an unpronouncable name. Well, the Malaysian Prince apparently didn't have any money either that he was willing or able to invest so they started up Petra Group with a subsidiary called Elastomer Technologies and approached Bruce Willis. They got Mr. Willis to invest by saying Al Gore and Mel Gibson had already invested. When the plans promised to Mr. Willis for an IPO for Green Rubber vanished with no explanation, Mr. Willis sued and, given his high profile, he got results.

His other son, Gopinath Sekhar, had an almost parallel path. He started SRI Elastomers but didn't have any money either (a common theme) so he teamed up with Chad Curtis. Well, Chad Curtis didn't have the money that he was willing or able to spend either so the two teamed up and made stock available so common investors can 'invest' while the company puts out continuous stream of promotion, telling those investors how rich they will be. Now it's up to those investors to decide whether the nine-fold dilution was because Mr. Curtis needed an even bigger piece of this pie which he says will make everyone rich or whether he's got nothing worthwhile and is getting rich by selling shares.

The game played is a variation of the Nigerian 419 scams. My bet would be that Mr. Curtis is telling stories to dupe investors into believing they'll be rich for a 'small' investment (yes, that's fraud) just like a significant number of other penny stocks out there are doing. His past associations with fraud should be a big red flag here.

The SEC can only do so much to bring down fraud. The best defense is 'caveat emptor'. In my very strong opinion, this is a sucker stock.



Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product even more revolutionary.

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