Let me make this clear one last time for anybody who doesn't know.
PXCE was halted by the SEC on April 28th. The two men who run PXCE are Les Hammond and Mike Andric.
Hammond and Andric were former associates of Rakesh Saxena, who had fled to Vancouver after Thai authorities accused him of embezzling $88 million US from the Bangkok Bank of Commerce.
Andric was named CEO of GSAE the same day PXCE was suspended by the SEC.
Both PXCE and GSAE are currently promoted by Market Medias and DelMar Corporate Communications is the current IR for both companies.
According to a registration statement filed with the U.S. Securities Commission as a prelude to going public on the OTC Bulletin Board in the U.S., Pax was going to raise money to build a biodiesel plant in Serbia, of all places.
The registration statement showed the proposed plant was just an idea. The company had no design, construction or operating contracts in place.
It was also unclear how the company was going to finance the project. The estimated capital cost was $5 million to $50 million, but the company had only $23 in its bank account.
Where is GSAE looking to build windmills again? Serbia is it? LMAO!!!!!!
