Replies to post #11420 on Global Clean Energy Inc (GCEI)

[syndicate]

You think Sonoco happened? Talk about zero credibility...they simply dropped a name in a fluff PR and there has been absolutely no follow through whatsoever.

[tacky]

Sonoco??? Are you kidding me!!

[tacky]

So let's forget 'my personal money' since you feel that taints my opinion and let's look at other facts other than the 'shadiness of Ken and Randy' as it relates to my investment:

1. Look up the SEC filing and a former President of GCEI named John Grob. According to a second complaint filed by the Quebec Bar against Adessky he misappropriated only $1,114,000 CDN of his money. And he did it with Renken according to testimony. Why don't you e-mail him and ask him about Adessky and Renken?

2. How do you keep discounting what the financial statements say? Why aren't you bothered by our Company paying Ken's law firm rent? Why aren't you bothered by $3 million in accrued expenses going to them? Why aren't you bothered by 200 millions shares of dilution in the last 2 years? WHY DO YOU TRUST THEM based on these FACTS? They are telling you 'I am going to screw you' and you still love them.

3. And what exactly do we have with Sonoco at this time? Why is it so huge? And even if it makes some money the first $3 million goes to Adessky and his team.

[tacky]

And why do you assume that the mere fact of 'having a contract' translates into profitability, especially with recent prices of oil?

GREAT COMPANIES MAKE MISTAKES. There are NEVER guarantees of profits.

Just look at Target in Canada where they wrote off only $7 billion. A GREAT COMPANY made a HUGE mistake.

Or Mattel that bought Kevin O'Leary's Company (Shark Tank) for over $3 billion and had to write the entire investment off.

Or Quaker Oats buying Snapple and writing off billions.

THERE ARE NEVER ANY GUARANTEES OF PROFITABILITY. The Sonoco deal is a deal to supply feedstock, but it is certainly no guarantee of profitability especially from a rookie management made up of a lawyer, a doctor and a crook.

And my guess is that the acquisition will be yet another company with no history of profitability.

I still remember signing a toy license agreement for The Simpsons at the height of their popularity early on. I thought it was a slam dunk winner. It was a total bust and I wrote off a lot of money.

I also remember Kenner and Mattel writing off millions with their Superheros/Superman license. Then when the first Batman movie with Jack Nicholson was about to air they all passed on the toy licenses because of how bad Superman(Chris Reeves) did. And what happened? Batman was a major hit. One of my biggest successes ever.

The moral of the story - no guarantees of any profits anywhere simply by signing an agreement.

So NO - SONOCO IS NOT HUGE or even proven as a winner as yet!