PMDP. There is an air of legitimacy here as opposed to a typical pump and dump as evidenced by Robert Matthews "merging" MEI with PMDP (both of which he owned) so to fund a joint venture with an unrelated company, EnSol, IF EnSol exists in the form PMDP purports. The Question of the Day is: WHO AND WHAT IS EnSoL? Answering that should be the basis of your future investment decisions in PMDP.
PLATEAU MINERAL DEVELOPMENT, INC. (PMDP)
Robert Matthews, CEO
1550 Canton Center Dr., Suite E
Baltimore, MD 21227
Orion Financial 800.400.1290
URL: www.plateaumineral.net
* Office in industrial park.
Robert Matthews also owns:
-- MATTHEWS PETRO-EXPLORATION II, LLC, incorp. 2000, private company.
-- Mpe-Nec, LLC, incorp. 2001, private company.
-- MATTHEWS ENERGY INVESTMENTS ("MEI"), incorp. 2003, private company.
MEI allegedly has a positive cashflow, and is a development management company that receives income from oil and gas projects in Kentucky, Oklahoma, and Michigan. In April 2010, it appears Matthews needed cashflow on the books of PMDP to fund the tire converter project w/ EnSol, so he did a little creative accounting and caused PMDP to acquire MEI (both of which he owns). This is where he got the money for joint venture with EnSol.
* The address of all 3 are Matthew' home address: 1710 Crosswinds Landing, Fort Walton Beach, FL (per www.ddunderground.com).
ENVIRONMENTAL SOLUTIONS GROUP ("EnSol"), private company.
April 26, 2010, PMDP announced it has entered into a Joint Venture Agreement with EnSol to fund building of tire converter. Details of agreement unknown.
After many Internet searches, I still cannot positively identify who EnSol is, and sent the following email to PMDP a few minutes ago:
As an investor, I request the following information:
1. There are several companies going by the name Environmental Solutions, LLC, and I could not identify the one Plateau Mineral Development has entered into a Joint Venture with. Accordingly, please provide Environmental Solutions, LLC (EnSol)'s address, telephone number, and website which is subject to the Joint Venture Agreement with Plateau Mineral Development (PMDP).
2. I could not find any evidence of a patent or patent application, by abstract or assignment, of the tire converter technology that is subject of the Joint Venture Agreement with PMDP on the U.S. Patent and Trademark Office's website. Accordingly, please provide relevant U.S. Patent and/or U.S. Patent Application / Publication numbers, or assert that there is no such applications / issued patents.
Thank you in advance for your disclosure of same.
May 3, 2010 - PR saying they have the technology to help clean up oil spill. This PR means nothing w/o further evidence of same being pursued / negotiated.
June 22, 2010 - PR announcing fabrication of tire converter.
MY QUESTIONS ARE:
(1) WHO is Environmental Solutions, LLC (EnSol)?
(2) What tire converter technology is subject to the Joint Venture Agreement, e.g., patent rights.
CONCLUSION: Based on the above, I think:
(1) If EnSol can be identified as a legitimate company and on-going concern, then Matthews and EnSol are serious about the Tire Converter project and are going forward. If PMDP reports their Q2 financials timely, EnSol may be identified therein.
(2) If PMDP does not disclose who it refers to as EnSol, then I would conclude Matthews is playing handball and this whole thing is a pump and dump.
(3) It is possible, but improbable, PMDP plans to go forward with unpatented technology.
(4) The oil spill clean-up project seems to be a concoction of investor’s hopes and dreams of getting rich based on PMDP indicating they have the technology without further evidence of negotiations.
Yvonne
AI
