Clean Energy Pathways, Inc. (CPWY)

[wolf_man]

Things to note on new Disclosure and Updated Financials.

Deferred revenue is not being recognized as it had been. Now we sit flat for the year.

A big item: ALL of the original beneficial owners are no longer listed in Item 14. This includes Parsons, Parrish, and Innovation. Cede & Co is no longer listed either, but they were just a custodian. Have no idea where the shares are now though...

Anyway, getting back to the main point...NONE OF THE INSIDERS ARE PRESENT ANYMORE. I have been a big supporter of CPWY, but I do not know how you can spin this in a positive light. In Item 14, you will find a Parsons relative (???) and a new LLC. Both have fewer shares than accounted for by the previous "insider" disclosure. This means that Parsons, Parrish, and/or Innovation have either sold shares or they shuffled shares into different entities. Based on the Disclosure Guideline, this is in violation of maintaining current information. This is material and would have changed investors' actions had they known insiders were selling. And I quote.

OTC Markets Group believes adequate current information must be publicly available when an issuer’s securities are quoted by a broker-dealer under the following circumstances:
• At the time of initial quotation in public markets;
• At any time corporate insiders or other affiliates of the issuer are offering, buying or selling the issuer’s securities in the OTC market;

As a shareholder I demand an explanation of insider transactions and what happened with the recognition of deferred revenue. I would not be surprised if there was an overlap with the two...

Very upset with the news. I also find it amusing no one has commented on it or posted it.