What have you "dug" up that is so distinctly beneficial that it outweighs everything that's been pointed out on this board as far as red flags? I mean let's re-examine these things yet again:
1. They have no operating capital. How does one run a company, make acquisitions, and purchase/refurbish/operate plants if it has no money to do so? ZENG obviously couldn't raise the money it needed when it was a private company, which is ALARMING given all of the connections to large chemical/fuel companies that Luiten developed while with INEOS..... or at least that's how his self-written resume reads. Surely with that "highly touted" resume of his he could go to private investors with a solid business plan and hook an one right? Something didn't come to pass when Zenergy was a private company. Instead he's left selling pink sheet stock shares, which come with absolutely no terms to the investor, therefore it is inconsequential whether or not ZENG actually becomes a biofuel producer. Must be nice to operate under such a win-win scenario.
2. Beyond becoming America's next catch phrase (due to the Obama campaign trail), there's nothing more than an overwhelming amount of shut down biofuel plants with a large share of "ideas" floating around about what can actually be profitable. In the mean time, aggressive share peddlers can sure make some good coin cultivating a "story" which gives the appearance of a genuine effort to become an actual biofuel company.....which leads me to my next point......
3. This isn't Luiten's first go'round with a Pink Sheet stock. As pointed out before, go read the PR's and comments surrounding Luiten's "consulting" position with ENCS and BLDV. They literally read word for word the same mission statements and goals that ZENG supposedly has. Those two stocks are now trading in the triple .000's ........ you mean to tell me that a powerful chemical industry man like Luiten couldn't have them come out smelling better than that? Why was he even messing around with those given his supposed pedigree and industry connections? BLDV put out plant acquisition statements that never came to fruition. Luiten got paid and then next thing you know he decides to go public with a pink of his own and takes Robert Gasich (the man who's company Market Ideas, was promoting BLDV) with him. I wonder why? Perhaps because he's knows the racket. He's been around the block a few times and I"m sure he knows how to work the system. I'm having trouble finding any stocks Gasich has been associated with that have become overwhelming successes. I noticed that he likes to switch his name from Bosko to Robert on different documents that have been submitted.
4. Still no "known" financing. How did they jump right to LOI's for plant acquisitions, but do not inform the shareholders of how the acquisition is supposed to be made? The PR read "there will be no significant dilution to the shareholders" .........well No.1 pay close attention to that word "significant" as what they consider that to be that is completely up to them. No.2 isn't it important for the shareholders to know the details? It doesn't take very long to hit up those bare bones financials they submitted to the Pinks to get the CE removed in order to conclude there's no money, but they do have a whopping $1.2 million in liabilities. That's a lot of jack to be in the hole in only what, 4 months of going public as a pink. Judging by the price activity of this stock, once the letter of intent was announced, people started catching on to this. The stock has double bottomed at that .014 level twice already since.
5. In regards to the CE, what took so long? Again, look at those bare bones financials they sent in to the Pinks. Why did that take them well over a month to piece together with their full fledged team of lawyers? In the end, it upgraded them what, one notch? So instead of a CE they now have a Yield.
I used to be somewhat optimistic about this company when I was in it in early August. Seeing the PSC and "the anonymous big seller" did to this thing threw up some red flags for me. I attempted to take some of my profits from that big move and put them back in on 3 or 4 different occasions, but it was just one head fake after the next. I have now easily concluded a "network" was responsible for hyping this thing up during the period in which the CE was to be removed, as well as PR's about acquisitions. They took advantage of the hopeful that this company was "different". The PPS is now embarrassing. Straight up and straight down with no consolidation anywhere in between that high of .12 and our double bottom of .014 ..... trade penny stocks enough and you start to recognize these things for what they are.
At some point traders and technicals will be able to squeeze more money out of it. For now I will remain skeptical until proven otherwise. More is being made of Luiten and his resume than what's actually there or what the last couple years have shown.
All imo ........ now I will wait for the comments surely to arrive about bashing, wanting cheap shares, and people becoming millionaires because this is the next Microsoft. That train is never late to the station.
AI
