Replies to post #274612 on Green Energy Enterprises Inc. (GYOG)

[Flyguy]

CET doesn't do anything

Oh a pic from the plains is proof of a so called closing but steal a MM worth of equipment and thats ok right?///

developer of Patented Technology for a Forced Induction Internal Combustion Motor
In re CET Racing, LC (Bankr. M.D. Fla.) Case no. 09-02434
In re CET Diesel, LLC (Bankr. M.D. Fla.) Case no. 09-02439

CET Racing, LC (“Racing”) and CET Diesel, LLC (“Diesel”) recently filed for Chapter 11 bankruptcy. Racing has its principal place of business in Jacksonville, Florida, and was formed to market, develop, and exploit certain rights in a patented forced induction internal combustion motor. Diesel was formed to market, develop and exploit certain rights granted to them for use of the patent and other related technology. The patented technology purportedly causes a motor to cool more as the motor runs longer and faster and, purportedly, there is no need for a radiator, fan or catalytic conveyer in an engine that uses the patented technology. Potential applications of the patented technology include over the road diesel engines, marine diesel and gasoline engines, and high performance racing engines. The Debtors’ personal property includes: US Patent 6,282,898 (forced induction internal combustion engines) and a license to the patent between Engineering International Technologies, LLC and CET Racing, LC; a 2007 Porsche Spyder valued at 1.75 million; three Kenworth Semi trucks and three custom made trailers with an unknown value; Foutain power boat valued at $400,000; and machinery, fixtures and equipment with an unknown value. The Debtors list no income. The Debtors have filed a motion with the Court to sell depreciable assets which are not essential to the Debtors’ reorganization. These assets include: a 2007 Porsche Spyder; marine engines; compressor; race uniforms; tire rims; headsets; radios; wielders; pneumatic lifts; pit carts; super chargers; and other related items. www4.gtlaw.com/marketing/BRB/BRB_DistressedAssets/0520/PrinterFriendly.htm
CET RACING: Voluntary Chapter 11 Case Summary
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Debtor: CET Racing, LC
2077 Apopka Blvd.
Apopka, FL 32703

Bankruptcy Case No.: 09-02434

Debtor-affiliates filing separate Chapter 11 petitions:

Entity Case No.
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CET Diesel, LLC 09-02439

Chapter 11 Petition Date: March 31, 2009

Court: United States Bankruptcy Court
Middle District of Florida (Jacksonville)

Judge: Jerry A. Funk

Debtor's Counsel: Jason B. Burnett, Esq.
Kenneth B. Jacobs, Esq.
GrayRobinson, P.A.
50 N. Laura Street, Suite 1100
Jacksonville, FL 32202
Tel: [phone]
Email: [e-mail]
[e-mail]

Estimated Assets: $1,000,001 to $10,000,000
http://bankrupt.com/TCR_Public/090409.mbx

CET Racing LC filed Chapter 11 in the U.S. Bankruptcy Court for the Middle District of Florida. The firm listed assets and liabilities of between $1 million and $100 million each. The case number is 09-02434. For more information contact the court at 866-879-1286.
http://thepurge.net/forum/viewtopic.php?p=109131

TO US SHAREHOLDERS IT IS A BIG DEAL!!!!