After $.01 the next level of resistance will be at $.02. Volume is still coming and this stock remains under most traders radars.
Keep CEHC on your watchlists and look for a potential breakout if the buying volume continues.
Wednesday, September 30, 2009
CEHC - Breaking Above Resistance
After $.01 the next level of resistance will be at $.02. Volume is still coming and this stock remains under most traders radars.
Keep CEHC on your watchlists and look for a potential breakout if the buying volume continues.
EWRC - How Do You Reject An Offer That Gives Shareholders a 1900% Return!!!???!?!?!
EWRC claimed someone was willing to buy them out for over $125 million, 1900% higher than the current market cap of the company. A market cap that almost assuredly will decline as it has continued to do so the last three years.
Today the company declined giving shareholders a 1900% gain on their investment. Why would any company, any CEO, any person with half a brain for that matter, decline an offer that gave their shareholders a 1900% return! Is that not their job?! To provide shareholder value! If this was not a scam, money pit of a company as we've been saying all along, don't you think this offer would have been accepted? Of course not, because the offer, like this scam of a company, is not valid. It was only there to dupe people into buying stock. Since the initial pop on this lie of an offer the stock has done nothing but fall, today it closed at $.0006.
You get an offer for all shares at $.019 and today the stock closes at $.0006. As I have been urging all along, someone please tell me why you are buying this stock. If you believe the hype, as I imagine some do, then how do you explain today's press release. If the initial buyout offer did not raise a red flag as being absurd, way overboard, and completely unbelievable, then today's rejection of that same buyout offer is a red flag of an exponentially larger size.
Stand back and think to yourself why anyone would decline an offer that would give so many a gain so large. It, like the press releases of EWRC, defy logic. If you had $125 million to buy a company I doubt you would use it to buy a $.001 stock. And if you just happened to like the stock, why the heck offer $.019 a share when you can buy all the shares you want at $.001 and $.0006 today? It does not make sense.
Thank you EWRC for giving such a great press release today. Please answer us this. In your press release today you stated:
We believe the offer was very real and attractive; however it does not adequately address the needs of the company's shareholders.
If a 1900% return does not fit the needs of your shareholders THAN WHAT DOES!?!?!?!
The pennystockguru's have been calling out EWRC as a stock to avoid like the plague. Today's Press Release more than validated our concerns. Let us hope none of you have been burned by this stock. Next up for EWRC and its "shareholders" is the drop back down to $.0001 and the unavoidable reverse split that Mr. Morales will undoubtedly tout, as he did before the 1 for 12,000 reverse split, as being in the shareholders best interest. WE all know how that's turned out so far... A $20 investment turned into $.0006. Nice work, looks like turning shareholder's into bagholders is the only interest of EWRC "management".
LOS ANGELES, CA, Sep 30, 2009 (MARKETWIRE via COMTEX) -- eWorld Companies, Inc. (PINKSHEETS: EWRC) has rejected an offer from Level Vision Electronics, Ltd. to purchase all outstanding shares of eWorld stock for 1.9 cents per share. The offer had been tentatively accepted by eWorld's Board of Directors pending completion of due diligence and counsel approval. However, the offer as it currently stands failed to garner the approval of either the company's counsel or its preferred shareholders and has been rejected. The company has also scheduled a shareholder conference call with Chairman and CEO Henning Morales and its Securities Counsel for Friday, October 2 at 9:30 AM PDT. Call-in information will be posted on eWorld's website and on the Boomerang Media Station(TM). Mr. Morales commented, "This decision is by no means a negative comment on Level Vision Electronics. We believe the offer was very real and attractive; however it does not adequately address the needs of the company's shareholders. This is not the first time we have been approached about a buyout offer and we don't expect it to be the last. eWorld is not actively seeking a buyout; however, the company will always consider reasonable offers, whether from Level Vision or from other suitors."
ABOUT EWORLD COMPANIES, INC.
eWorld Companies, Inc. markets and distributes cutting edge Internet technologies including its patent-pending Boomerang Media Station(TM), a free Internet application that features exclusive and third-party movies, music videos, webcasts and other streaming video content delivered via its unique state-of-the-art broadcast quality video player. eWorld has recently released Boomerang v4.0; begun marketing a Private Label Boomerang for profit and non-profit organizations; launched its eWorldMix Social Network and started accepting submissions for the 2nd annual eWorld Music Awards, all part of a coordinated plan for reaching initial goals of one to two million Boomerang downloads and $1,000,000+ monthly gross profits by early 2010. For more information visit www.eworldcompanies.com.
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of eWorld Companies, Inc., which involves risks and uncertainties. The Company's actual results could materially differ from those discussed. eWorld intends that statements about the Company's future expectations, including revenues, earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact: Henning Morales, CEO (310) 471-7674
LOS ANGELES, CA, Sep 30, 2009 (MARKETWIRE via COMTEX) -- eWorld Companies, Inc. (PINKSHEETS: EWRC) has rejected an offer from Level Vision Electronics, Ltd. to purchase all outstanding shares of eWorld stock for 1.9 cents per share. The offer had been tentatively accepted by eWorld's Board of Directors pending completion of due diligence and counsel approval. However, the offer as it currently stands failed to garner the approval of either the company's counsel or its preferred shareholders and has been rejected. The company has also scheduled a shareholder conference call with Chairman and CEO Henning Morales and its Securities Counsel for Friday, October 2 at 9:30 AM PDT. Call-in information will be posted on eWorld's website and on the Boomerang Media Station(TM). Mr. Morales commented, "This decision is by no means a negative comment on Level Vision Electronics. We believe the offer was very real and attractive; however it does not adequately address the needs of the company's shareholders. This is not the first time we have been approached about a buyout offer and we don't expect it to be the last. eWorld is not actively seeking a buyout; however, the company will always consider reasonable offers, whether from Level Vision or from other suitors."
ABOUT EWORLD COMPANIES, INC.
eWorld Companies, Inc. markets and distributes cutting edge Internet technologies including its patent-pending Boomerang Media Station(TM), a free Internet application that features exclusive and third-party movies, music videos, webcasts and other streaming video content delivered via its unique state-of-the-art broadcast quality video player. eWorld has recently released Boomerang v4.0; begun marketing a Private Label Boomerang for profit and non-profit organizations; launched its eWorldMix Social Network and started accepting submissions for the 2nd annual eWorld Music Awards, all part of a coordinated plan for reaching initial goals of one to two million Boomerang downloads and $1,000,000+ monthly gross profits by early 2010. For more information visit www.eworldcompanies.com.
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of eWorld Companies, Inc., which involves risks and uncertainties. The Company's actual results could materially differ from those discussed. eWorld intends that statements about the Company's future expectations, including revenues, earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact: Henning Morales, CEO (310) 471-7674
Monday, September 28, 2009
CEHC - Place It On Your Watch List at $.007
Unusual volume sticks out for this SEC reporting stock. The volume for CEHC continues to increase, and, although the price per share has yet to show it, an imminent move could be coming to the upside.
Transparency is also a theme with CEHC. Check the latest quarterly filing to get all the information you need before deciding to buy some shares:
If the volume continues this stock could see a push over $.01 and more. There is no recent news for this stock, although judging by the recent volume someone knows something. Let's see if the price per share will begin to react here.
Transparency is also a theme with CEHC. Check the latest quarterly filing to get all the information you need before deciding to buy some shares:
- State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of July 29, 2009 – 74,688,521 shares of common stock
- We are in the mobile application business. We are an approved developer on the Apple iTunes platform as well as the Android platform.
- We have a contract with undisputed, mixed martial arts heavyweight champion, Fedor Emelinenko, granting us the right to develop iPhone applications. We have a contract with the “Iron Sheik” , a world famous professional wrestler, to develop mobile applications for the iPhone and Android platforms.
- We have a term sheet with MMA referee “Big” John McCarthy to develop iPhone applications. We currently offer “Ask the Sheik”, a mobile application on the Android platform. We also began marketing, “Iron Sheik Sounboard” on the Android plaform. We have also submitted a version of the “Iron Sheik Soundboard” to Apple for sale on the App Store on iTunes
- We recently purchased the domain name, “Girls on iPhone.com” and have begun to develop the first iPhone platform beauty contest. We intend to develop this brand into the leading talent competition and beauty showcase in the mobile industry. We expect to develop a social networking component to this application. We have begin to conduct a nationwide talent search for this project.
If the volume continues this stock could see a push over $.01 and more. There is no recent news for this stock, although judging by the recent volume someone knows something. Let's see if the price per share will begin to react here.
INCL - Up 64% Today
The ball keeps on rolling for INCL. The stock continues its impressive uptrend. We alerted this stock for readers, and feel it still has some upside room left. Just don't give it too much of a chase. At some point it will pull back.
EWRC - Dumb and Dumber
Let's see. As of last check EWRC traded hands at $.0008, yet over two weeks ago someone was willing to buy all 6.6 billion outstanding shares for $.019. The purchase price is over $100 million. Why not buy the seemingly unlimited supply at sub $.001. Even better why not wait until EWRC does its next reverse split. If your lucky the outstanding shares will be reduced by the tens of thousands and the stock price will plummet soon there after.
Someone tell me why anyone with half a brain would offer to buy a stock, that has done nothing but crumble in value for as long as stockcharts is willing to provide a history of this stock, for $.019 if they can buy all they want at $.0009/.0008 and ultimately, before years end (at the current rate of selling)$.0001?
Have you ever walked into your local supermarket and offered to buy a gallon of milk for $3,000? Even more laughable is that the manager of that supermarket has taken over 3 weeks to finalize the absurdly profitable and historically insane offer. As we said before, it defies logic. The market is already saying they do no believe this deal.
Let's hope some of you made money on this pathetic attempt to dupe "investors" and you have moved on. Otherwise your likely to experience one of the few things EWRC's has ever been able to prvide consistently to its "shareholders", reverse splits and dilution.
Sunday, September 27, 2009
Stocks To Watch Monday September 28th 2009 - SPNGE, INCL, ZENG
SPNGE - Under SEC investigation. Stock closed at $.08 on Friday amidst higher than average volume. Could see a plunge at the open.
INCL - Chart below shows a stock under significant buying pressure. As interest grows this could be one of those $.0002 to $.01 stocks. Until then, lets watch and see what happens the next few days.
ZENG - Chart shows a stock that is in a slow and steady down trend. The trouble is catching this stock once the knife has been sheathed. The time for a significant bounce is near and more than likely coming this week. The stock closed at $.015 on Friday. Look for a bounce above $.02 this week. ZENG is a buy and sell, not a buy and hold.
Have a green start to the week.
Email us at pennystockforums@gmail.com with any stocks that you think we should consider as a stock to watch.
SPNGE - Where Does It Open On Monday?
We reported the SEC investigation of SPNGE on Friday after the close.
http://pennystockgurus.blogspot.com/2009/09/spnge-sec-on-their-trail.html
One also has to wonder if the recent stock sell-off through Friday is just pure coincidence or did someone sell stock based on this non-public, inside information? The SEC invstigation came to light in an after hours 8-K filed by SPNGE after Friday's close.
Fridays volume was impressive and the stock now sits at an area of support from early July. Expect the selling to come early on Monday and it will be interesting to see if their is any bounce after the selling abates.
A guess? SPNGE closed at $.08 on Friday another 10% down day equates to $.072. A more likely low is in the $.06's, although there is no telling for sure.
http://pennystockgurus.blogspot.com/2009/09/spnge-sec-on-their-trail.html
One also has to wonder if the recent stock sell-off through Friday is just pure coincidence or did someone sell stock based on this non-public, inside information? The SEC invstigation came to light in an after hours 8-K filed by SPNGE after Friday's close.
Fridays volume was impressive and the stock now sits at an area of support from early July. Expect the selling to come early on Monday and it will be interesting to see if their is any bounce after the selling abates.
A guess? SPNGE closed at $.08 on Friday another 10% down day equates to $.072. A more likely low is in the $.06's, although there is no telling for sure.
Friday, September 25, 2009
RVGD, SGLS, EESO, CXAC, IPWG - Subjects Of SEC Probe
Leave it to the SEC to hit the penny stocks while they are hot. Anyone that trades penny stocks knows what they are, and anyone that doesn't deserves to lose their money.
This is why we trade them and don't marry them.
In a complaint filed Thursday in federal court in Orlando, the SEC names three businessmen and three companies that operated in Florida and Indiana that allegedly sold unregistered stocks in what is called a wraparound agreement.
The defendants allegedly bought debt owed to officers at three other companies, converted the debt to stock ownership in those companies, and sold it at large profits in the form of unregistered securities.
One of the issuer companies, which are not named as defendants, is Weston-based Cross Atlantic Commodities, which purports to develop “life enhancement products,” including a product called Re Juv by Caci, an anti-aging cream. The company was formerly known as Business Advantages 17.
Cross Atlantic is registered in Nevada. The chairman and CEO of Cross Atlantic is Jorge Bravo, 46, of Weston, and the secretary is Jesse Starkman, also of Weston.
According to the suit, K&L International Enterprises, a Florida corporation based in Casselberry, northeast of downtown Orlando, paid Cross Atlantic about $226,704 and received 1.4 billion shares of its stock. Within six weeks, K&L resold those shares.
The suit also alleges that Signature Worldwide, a Minnesota company with a mailing address in Casselberry, paid Cross Atlantic about $31,210, and received 74 million shares of its stock.
Combined, the sales of shares equaled about 37 percent of Cross Atlantic’s publicly available shares.
The suit seeks disgorgement of ill-gotten gains, civil penalties and an order barring defendants from participating in penny stock offerings.
Attempts to reach Cross Atlantic for more information about the case were not immediately successful.
Paul Montoya, an attorney and assistant director in the Chicago office of the SEC, said the investigation into the stock sales is ongoing.
“In cases like this, there’s varying degrees of involvement. Sometimes, stock distributors are in charge and selling out shares without the issuer’s knowledge. Then, there are other cases where the issuers are involved,” he said. “When, or if, we determine there’s evidence the issuers violated the law, we would take action against them as well.”
Other defendants are:
“We’re going to try and work something out. The judge entered a temporary restraining order,” Einhorn said. “My clients are considering their options and will respond in the course of time.”
Besides Weston-based Cross Atlantic, the issuer companies named in the suit are:
This is why we trade them and don't marry them.
Friday, September 25, 2009, 12:10pm EDT | Modified: Friday, September 25, 2009, 5:43pm
Florida companies face SEC probe
South Florida Business Journal - by Paul Brinkmann
The Securities and Exchange Commission is cracking down on a network of businesses that allegedly reaped about $7 million from illegal, unregistered stock sales.In a complaint filed Thursday in federal court in Orlando, the SEC names three businessmen and three companies that operated in Florida and Indiana that allegedly sold unregistered stocks in what is called a wraparound agreement.
The defendants allegedly bought debt owed to officers at three other companies, converted the debt to stock ownership in those companies, and sold it at large profits in the form of unregistered securities.
One of the issuer companies, which are not named as defendants, is Weston-based Cross Atlantic Commodities, which purports to develop “life enhancement products,” including a product called Re Juv by Caci, an anti-aging cream. The company was formerly known as Business Advantages 17.
Cross Atlantic is registered in Nevada. The chairman and CEO of Cross Atlantic is Jorge Bravo, 46, of Weston, and the secretary is Jesse Starkman, also of Weston.
According to the suit, K&L International Enterprises, a Florida corporation based in Casselberry, northeast of downtown Orlando, paid Cross Atlantic about $226,704 and received 1.4 billion shares of its stock. Within six weeks, K&L resold those shares.
The suit also alleges that Signature Worldwide, a Minnesota company with a mailing address in Casselberry, paid Cross Atlantic about $31,210, and received 74 million shares of its stock.
Combined, the sales of shares equaled about 37 percent of Cross Atlantic’s publicly available shares.
The suit seeks disgorgement of ill-gotten gains, civil penalties and an order barring defendants from participating in penny stock offerings.
Attempts to reach Cross Atlantic for more information about the case were not immediately successful.
Paul Montoya, an attorney and assistant director in the Chicago office of the SEC, said the investigation into the stock sales is ongoing.
“In cases like this, there’s varying degrees of involvement. Sometimes, stock distributors are in charge and selling out shares without the issuer’s knowledge. Then, there are other cases where the issuers are involved,” he said. “When, or if, we determine there’s evidence the issuers violated the law, we would take action against them as well.”
Other defendants are:
- Signature Leisure, a Colorado corporation with its main office in Casselberry.
- Enzyme Environmental Solutions, a Nevada corporation located in Fort Wayne, Ind., purporting to produce enzyme-based products for cleaning and dietary supplements.
- Stephen Carnes, 45, of Apopka, president of Signature Leisure and managing member of Signature Worldwide.
- Lawrence Powalisz, 45, of Winter Park, sole officer of K&L.
- Jared Hochstedler, 33, of Fort Wayne, Ind.
“We’re going to try and work something out. The judge entered a temporary restraining order,” Einhorn said. “My clients are considering their options and will respond in the course of time.”
Besides Weston-based Cross Atlantic, the issuer companies named in the suit are:
- International Power Group, a Delaware corporation located in Celebration which purports to operate a “waste to energy” business.
- Revenge Designs, a Nevada corporation located in Decatur, Ind., purporting to develop modification packages for cars.
SPNGE - SEC on their trail
On September 18, 2009, the Company received a formal order of investigation issued by the SEC regarding possible securities laws violations by the Company and/or other persons. At this time, it is not possible to predict the outcome of the investigation nor is it possible to assess its impact on the Company. The Company and its officers and directors have received subpoenas requesting the delivery of certain documents. The Company has been cooperating fully, and intends to continue to cooperate fully, with the SEC with respect to its investigation
Shapiro and her SEC cronies are hot on their trail.
The bad news is this filing came out after the market closed. SPNGE has been selling off over the last 4 days which happens to be the 4 days after the SEC came to the company, which begs to question who was trading on this unreleased information?
We called for a SPNGE based on a technical bounce off a major support line. When an SEC investigation gets thrown into the mix technical analysis is of little use.
Lets face it. SPNGE is much the same as the rest of the penny stocks out there, except SPNGE draws tremendous volume on a daily basis. It also draws a significant interest in the penny stock investment community.
Spongtech product advertisements can be found all over. There is no doubting the validity of their product. The issue must be with the volume and price action of the stock.
Lets see what happens from here, SPNGE should be avoided until this SEC investigation is resolved.
SPNGE 8K filing below:
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 25, 2009 (September 18, 2009)
SPONGETECH DELIVERY SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Delaware
333-100925
54-2077231
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
10 West 33 rd Street, Suite 518
New York, New York 10001
(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code: (212) 695-7850
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On September 21, 2009, Spongetech Delivery Systems, Inc. (the “Company”) filed with the Secretary of State of the State of Delaware two Certificates of Correction to the Company’s previously filed Certificates of Amendment to Certificate of Incorporation (the “Certificates of Correction”). The Certificates of Correction were filed to cancel the Company’s previously announced 1-for-100 reverse stock split and simultaneous reduction in authorized capital.
Following the filing of the Certificates of Correction, on September 21, 2009, the Company filed a Certificate of Amendment to its Certificate of Incorporation (the “Amendment”) which increases the aggregate number of authorized shares of the Company’s capital stock to 3,068,000,000 shares, consisting of 3,000,000,000 shares of common stock, 28,000,000 shares of Class B stock, and 40,000,000 shares of preferred stock.
The foregoing description of the Certificates of Correction and Amendment is qualified in its entirety by reference to the full text of the Certificates of Correction and Amendment, which are filed as Exhibits 3.1, 3.2 and 3.3, respectively, hereto, are incorporated by reference herein.
On September 22, 2009, the Company issued a press release announcing the postponement of the reverse stock split until the Company files its Annual Report on Form 10-K for the year ended May 31, 2009. A copy of the press release, which the Company is furnishing to the Securities and Exchange Commission (the “SEC”), is attached as Exhibit 99.1 and incorporated by reference herein.
Item 7.01. Regulation FD Disclosure
On September 22, 2009, the Company’s CEO and COO issued a letter to the Company’s shareholders in press release form to provide updates on the Company’s progress and growth plans. A copy of the letter, which the Company is furnishing to the SEC is attached as Exhibit 99.2 and incorporated by reference herein.
Item 8.01. Other Events
On September 18, 2009, the Company received a formal order of investigation issued by the SEC regarding possible securities laws violations by the Company and/or other persons. At this time, it is not possible to predict the outcome of the investigation nor is it possible to assess its impact on the Company. The Company and its officers and directors have received subpoenas requesting the delivery of certain documents. The Company has been cooperating fully, and intends to continue to cooperate fully, with the SEC with respect to its investigation.
Item 9.01. Financial Statements and Exhibits.
Exhibit No.
Description
3.1
Certificate of Correction to Certificate of Amendment to Certificate of Incorporation of the Company.
3.2
Certificate of Correction to Certificate of Amendment to Certificate of Incorporation of the Company.
3.3
Certificate of Amendment to Certificate of Incorporation of the Company.
99.1
Press Release, dated September 22, 2009.
99.2
Letter to Shareholders, dated September 22, 2009.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Spongetech Delivery Systems, Inc.
Date: September 25, 2009
By:
/s/ Steven Moskowitz
Steven Moskowitz
Chief Operating Officer and Chief Financial Officer
EESO - R.I.P
EESO fell over 45% today amidst record volume. A case could be made that this is as high as EESO will trade. A penny stock can run only so many times before people realize what they are buying. Another way of looking at it is there are only so many suckers left to support a stock. Once the supply via company selling, and shareholders running for the hills outstrips the demand of believers and bagohlders averaging down bagholders the stock crumbles. The chart below says it all. EESO will find its resting stop at the same price at which it was brought into the penny stock market.
EESO you made many a small fortune while bringing others pain and thinner wallets. You will live on long after your death. May You Rest In Peace.
Of course the pennystockgurusaw this coming from a mile away.
Of course the pennystockgurusaw this coming from a mile away.
Tuesday, June 2, 2009
EESO - A Bounce Or RIP
After EESO plunged 21% on Tuesday on 91 million shares one might ask if the final nail is being driven into the coffin on this stock.
As we wrote back in February, the wheels where bound to come off the EESO train, it was only a matter of time:
Tuesday, February 3, 2009
EESO - Gotta Know When To Fold Em
EESO has posted another miraculous rally. The stock has run from triple zeros again well into the pennies to close the Tuesday session at $.017 just off the high of the day. If you are holding EESO now is the time to be thinking about heading for the exits.The chart is screaming momentum, but it won't be long before EESO is back down below $.001 a share. That much is a given. The only question left is how much of a profit will you be left with when this stock starts to crumble. This isn't bashing, its fact. EESO's share price will crumble and the only thing holding it up will be investors who bought in at $.01 and above wanting to average down.EESO could surge to new highs, but that is unlikely. Just like we call the bottoms we are calling a top. The buck stops here.Happy trails.
Of course it is not easy timing momentum, price or volume. At this stage you have to wonder whether EESO is heading toward the triple zero's now, or will bounce back into $.01 land for one last shot at stardom.
It is rare for a .000 stock to make two impressive runs well above a penny within a year. Maybe EESO will pull the hat trick.... or maybe the shot goes wide and the stock quietly fades away.
http://pennystockgurus.blogspot.com/2009/06/eeso-bounce-or-rip.html
Thursday, September 24, 2009
EVFL - Did The Guru Call This Or What?
EVFL might want to end the "aggressively pursue informing the public about the benefits and uses of renewable fuels" idea and look toward reducing the excessive shares in the market place.
You heard it here first folks. The pennystockguru thinks a share reduction press release is on the horizon. If the guru knows his penny stocks than this could hit the wires any day now. That would be one way to lose the $.0001s on the ask.
http://pennystockgurus.blogspot.com/2009/09/evfl-900-million-shares-and-0001s-are.html
Like clockwork EVFL today released a share purchase program. Pretty uncanny if you ask me. And guess what? The $.0001s did leave the ask. The guru should be getting paid for calling this, as well as helping the company finally figure out how to lose the ask (asuming today's press release was based upon the guru's call out of EVFL only two days ago.)
Today's Press Release:
DALLAS, Sep 24, 2009 (GlobeNewswire via COMTEX) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that its Board of Directors authorized a stock repurchase program under which up to ten billion shares of its outstanding common stock may be acquired in the open market over the next six months at the discretion of management. The shares will be purchased from time to time at prevailing market prices, through open market or unsolicited negotiated transactions, depending upon market conditions. Under the program, the purchases will be funded from available working capital, and the repurchased shares will be held in treasury or used for ongoing stock issuances such as issuances under employee stock plans. There is no guarantee as to the exact number of shares that will be repurchased by the Company, and the Company may discontinue purchases at any time that management determines additional purchases are not warranted.
Evolution Fuels' CEO, Dennis McLaughlin, remarked, "The Board's approval of this program reflects our confidence in Evolution Fuels' future. Repurchasing stock demonstrates our commitment to enhancing stockholder value."
About Evolution Fuels, Inc.
The penny stock guru states an impending share reduction scheme would be forth coming and less than two days later it comes.
Let's hope some EVFL shareholders used today's bid to unload shares they haven't been able to sell for some time.
A quick glimpse of today's press release and you get all the "may", "up to", and "no guarantee" wordings that accompany a share buyback by a $.0001 stock. Frankly there is no guarantee of anything here. Just a speculative press release stating a might be, not something that will happen for sure.
Don't believe everything you read. Do you really think EVFL, after creating 20+ billion outstanding shares out of thin air, is now going to buy half of those back on the open market?
That remains to be seen. Let' see some continued volume tomorrow focused on the $.0002's, and maybe this stock will get somewhere.
Today's press release illustrates the guru's amazing ability to understand the inner workings of a sub-penny stock. ***Pat on back ****
To call for a share reduction press release and less than two days later to have the company follow through on it is, as I said before, uncanny. Either the companies read this blog or the penny stock guru is just that good ***another pat on the back****
Stocks To Watch Friday September 25th, 2009 - AGLV, PGPM, SPNGE
AGLV up 200% today on impressive volume. This could be the start of a huge run.
PGPM light volume for a sub $.001 stock. It has run in the past on bigger volume. Lets see if we get a repeat here.
SPNGE down today, should bounce back tomorrow.
PGPM light volume for a sub $.001 stock. It has run in the past on bigger volume. Lets see if we get a repeat here.
SPNGE down today, should bounce back tomorrow.
Wednesday, September 23, 2009
EFVL - 1.4 billion shares traded and still no bid
EVFL had 1.4 billion shares change hands today and still the sellers would not leave the ask. It's getting pathetic. Even if EVFL were to somehow lose the ask at $.0001 there are now 20 billion shares at $.0002 waiting to be sold.
The prospects for any price gain get bleaker by the day for EVFL shareholders.
The prospects for any price gain get bleaker by the day for EVFL shareholders.
CYSG - Bang Zoom +490%
To the moon Alice!
CYSG popped on tremendous buying volume.
The stock appears to be undergoing some significant changes. The bottom line is..... wish we found this one first.
EWRC - Shareholders Need a Run from $.0008 to $20 share just to break even this past year
When EWRC CEO Morales performed the 1 for 12,000 share reverse split in 2008, he issued a press release that told shareholders:
"This reverse split should benefit our shareholders in several ways. The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders, to better identify the magnitude of the short position we believe may have existed in our stock..."
A $20 investment at the time of this press release is now worth $.0008.
A $100 investment at the time of this press release is now worth $.0040.
A $1,000 investment at the time of this press release is now worth $.04.
A $10,000 investment at the time of this press release is now worth $.40.
To just break even these shareholder need a monumental run from $.0008 to $20.
How can you invest in a stock where the CEO thinks a shareholder benefits by losing their entire investment? Morales seems to think dilution, reverse splits, and low share prices benefit shareholders. Maybe someone should give him a call and let him know the price per share is supposed to go up, not down.
Anyone who bought shares on the $.019 buy out press release that came out only weeks ago is now in the red as of today's $.0008 close.
The point continues to be that this stock is a money pit. It sucks your money and it never gives it back.
eWorld Companies, Inc. Announces Plans for Upcoming Reverse Stock Split
PR Newswire - January 10, 2008 9:41 AM ET
eWorld Companies, Inc. (Pink Sheets: EWDI), announced today that the company has filed the necessary paperwork and expects a reverse split of its common shares to be completed on January 17, 2008. The terms of the split will require all shareholders to turn in a physical certificate in order to receive their new shares. The Company has also announced that they are contemplating a stock buy back after the reverse is complete.
Upon releasing this announcement, Henning Morales, Chairman and CEO of eWorld Companies, Inc., stated, "This reverse split should benefit our shareholders in several ways. The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders, to better identify the magnitude of the short position we believe may have existed in our stock, and to signal the marketplace that we are positioning ourselves as a company worthy of serious consideration as we prepare to move out of our developmental stage and into our marketing and expansion mode. The timing of this restructuring is reflective of the steady progress of our fund-raising efforts, and coincides with the final beta testing of several Internet technologies that we will officially release to the public at our official launch in February 2008. We are very excited about the future of our company, and look forward to making additional important announcements in the coming weeks and months."
"This reverse split should benefit our shareholders in several ways. The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders, to better identify the magnitude of the short position we believe may have existed in our stock..."
A $20 investment at the time of this press release is now worth $.0008.
A $100 investment at the time of this press release is now worth $.0040.
A $1,000 investment at the time of this press release is now worth $.04.
A $10,000 investment at the time of this press release is now worth $.40.
To just break even these shareholder need a monumental run from $.0008 to $20.
How can you invest in a stock where the CEO thinks a shareholder benefits by losing their entire investment? Morales seems to think dilution, reverse splits, and low share prices benefit shareholders. Maybe someone should give him a call and let him know the price per share is supposed to go up, not down.
Anyone who bought shares on the $.019 buy out press release that came out only weeks ago is now in the red as of today's $.0008 close.
The point continues to be that this stock is a money pit. It sucks your money and it never gives it back.
eWorld Companies, Inc. Announces Plans for Upcoming Reverse Stock Split
PR Newswire - January 10, 2008 9:41 AM ET
eWorld Companies, Inc. (Pink Sheets: EWDI), announced today that the company has filed the necessary paperwork and expects a reverse split of its common shares to be completed on January 17, 2008. The terms of the split will require all shareholders to turn in a physical certificate in order to receive their new shares. The Company has also announced that they are contemplating a stock buy back after the reverse is complete.
Upon releasing this announcement, Henning Morales, Chairman and CEO of eWorld Companies, Inc., stated, "This reverse split should benefit our shareholders in several ways. The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders, to better identify the magnitude of the short position we believe may have existed in our stock, and to signal the marketplace that we are positioning ourselves as a company worthy of serious consideration as we prepare to move out of our developmental stage and into our marketing and expansion mode. The timing of this restructuring is reflective of the steady progress of our fund-raising efforts, and coincides with the final beta testing of several Internet technologies that we will officially release to the public at our official launch in February 2008. We are very excited about the future of our company, and look forward to making additional important announcements in the coming weeks and months."
Tuesday, September 22, 2009
CENV - Early Warning About Possible Price Appreciation
After performing an unusual volume, price increase scan CENV popped up. CENV is a stock that has been relatively quiet the last few months. When you see volume creeping in and a slow steady price rise the alarms should start to sound. LLEG also experienced the same price/volume move last week which tipped us off on Monday when the press release came out.Always follow the money. CENV appears to be getting some money buying the shares up in a quiet fashion. Currently the stock sits at $.0007 x $.0008. If you look at the history this was a $.014 stock more than a year ago.
The company web site is still active: http://www.certifiedenvironmentalgroup.com/
Last known share structure:
Outstanding Shares
577,630,056 as of Nov 10, 2008Authorized Shares
900,000,000 as of Sep 16, 2008Float
163,810,701 as of Nov 10, 2008
CENV should be a stock to keep on your watch list. Continued volume and price movement would be good indicators of potential renewed interest in this stock. The key to making money in this market is getting in before the crowd. With CENV this could be a good chance of doing just that.
SPNGE - Bounce Time
SPNGE recently began a bounce off a major support line and looks poised to push higher in the coming weeks. If we've learned anything from this stock its never to doubt a sponge. The volume continues to be tremendous and this stock certainly has more life in it,as indicated by the above average volume.
Look for a push to $.14 and then a possible test of $.20 in the coming weeks. The stock remains in very oversold conditions and the upward move could be quick and impressive.
Always remember that technical analysis holds less wieght for penny stocks than their big board brethren. SPNGE could issue market making news or other outside factors could move the stock in a decidedly different direction.
EVFL - 900 Million Shares and The $.0001's Are Still Firmly On The Ask
EVFL's press release today gave shareholder's and share sellers no reason to move off the ask at $.0001. That seems to be the story with EVFL and its 21 billion outstanding shares. Issue new Press Release, watch the volume come in, watch stock price move absolutely no where. Who gains selling at $.0001? Who is selling this seemingly endless amount of shares at $.0001? Who is the only one that would profit from selling at $.0001? If you don't know the answer you can email us at pennystockforums@gmail.com, or simply respond to this post below in the comments section. We'd enjoy to hear your perspective.
Today's exciting news (pasted below) involved EVFL writing blogs and informing the public with facts! If that doesn't get you excited about a bidless stock, than what will? EVFL might want to end the "aggressively pursue informing the public about the benefits and uses of renewable fuels" idea and look toward reducing the excessive shares in the market place.
You heard it here first folks. The pennystockguru thinks a share reduction press release is on the horizon. If the guru knows his penny stocks than this could hit the wires any day now. That would be one way to lose the $.0001s on the ask.
To be frank, EVFL is not the worst of the penny stock bunch, as there still is hope for a run, as long as the company reduces the share structure. But as it stands now 100 billion authorized and 21 billion outstanding is just too much supply for a stock that's been stuck at $.0001 for way too long.
DALLAS, Sep 22, 2009 (GlobeNewswire via COMTEX) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that it has reached an agreement with Informa Economics, Inc., to jointly publish a series of articles regarding renewable fuels through the Company's affiliate, Big Star Informative Media, LLC. Informa Economics is a world leader in broad-based domestic and international agricultural, energy, and commodity/product market research, analysis, evaluation and consulting, headquartered in Memphis, Tennessee. Informa will work with the Company primarily to help educate and inform the public with fact-based inputs regarding renewable fuels via the Company's website, www.evolution-fuels.com. The website contains a blog that will be updated weekly with current news, policy matters, facts, and opinions regarding the evolution of the renewable fuels industry.
Evolution Fuels CEO, Dennis McLaughlin, stated, "We believe that having this agreement with Informa Economics will provide us access to one of the premier agriculture and commodity data sources in the country. Their data, analysts, and economists will allow us to vigorously support our Company's position that renewable fuels will be a viable and critical part of this nation's energy policy in the years to come."
Additionally, Evolution Fuels will utilize the Company's relationship with its affiliate, Big Star Informative Media, LLC, a subsidiary of Big Star Media Group, Inc., to publicize the information through various media outlets.
As the Company moves forward with its plan of rolling out retail renewable fuel outlets, management believes it is imperative that it aggressively pursue informing the public about the benefits and uses of renewable fuels, as well as dispelling myths and untrue statements regarding this industry.
Big Star Informative Media was formed to provide public relations messages to targeted audiences via a variety of digital and electronic means.
About Evolution Fuels, Inc.
The Company endeavors to market renewable transportation fuels at retail fuel stations that will provide blends of ethanol ranging from 10% to 85% (E10 to E85), and biodiesel blends from 5% to 20% (B5 to B20). The Company's plan calls for the development of a chain of renewable fuel stations that extend from Texas to Mississippi that will be a combination of "Evolution Fuels"-branded fuel stations/convenience stores and western-motif truck stops modeled after the Willie's Place Truck Stop in Carl's Corner, TX. The Company's Web site is www.evolution-fuels.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Evolution Fuels, Inc.
By Staff
CONTACT: CONTACT: Evolution Fuels, Inc.
Randy Hepler, Media & Investor Relations
866-765-4940
investors@evolution-fuels.com
EWRC - Only Hours After The Gurus Point Out Their Default Status, EWRC is Now ACTIVE
After almost six months EWRC was finally able to pay their debt due to the Nevada SOS. Congratulations, I wonder where the money came from?
EWRC is now ACTIVE.
As we pointed out on numerous occasions the default status was just one of many red flags for anyone even thinking about buying shares in this reverse split offender. They have finally resolved the default issue and with the authorized shares just about maxed out you have to wonder the reasoning behind becoming active after being default for so long. (besides the obvious of not having the money to pay their bills). A company in default with their Secratary of State is unable to raise their authroized shares. The last thing EWRC did before neglecting to pay their bill, was raise their authorized shares to 7 billion. You get the point.
Lets see what happens next. I've called all the shots for EWRC including the 2 sentence offer acceptance press release, which could have been writtien by a second grader. The Nevada SOS issue was another.
But lets be clear, simply paying a bill thats 6 months late, does not erase the aweful history this stock has. The most vague and proposterous of press releases has done little to move this stock, much like the last two years. Any "loyal" investor has lost money, plain and simple and that is a crime. Let us hope others do not see their money taken from them via vague and misleading press releases and obscene reverse splits.
Happy trading.
EWRC is now ACTIVE.
As we pointed out on numerous occasions the default status was just one of many red flags for anyone even thinking about buying shares in this reverse split offender. They have finally resolved the default issue and with the authorized shares just about maxed out you have to wonder the reasoning behind becoming active after being default for so long. (besides the obvious of not having the money to pay their bills). A company in default with their Secratary of State is unable to raise their authroized shares. The last thing EWRC did before neglecting to pay their bill, was raise their authorized shares to 7 billion. You get the point.
Lets see what happens next. I've called all the shots for EWRC including the 2 sentence offer acceptance press release, which could have been writtien by a second grader. The Nevada SOS issue was another.
But lets be clear, simply paying a bill thats 6 months late, does not erase the aweful history this stock has. The most vague and proposterous of press releases has done little to move this stock, much like the last two years. Any "loyal" investor has lost money, plain and simple and that is a crime. Let us hope others do not see their money taken from them via vague and misleading press releases and obscene reverse splits.
Happy trading.
EWRC - Can't Pay Their Bills
EWRC was placed on Admin hold and is in default.
Admin hold:
An entity is placed on administrative hold by the Accounting department when that entity has submitted a bounced check or has a trust account that is in a negative balance.
To sum it up EWRC owes Nevada money and/or has bounced a check. They remain in default since their last reverse split of 20-1. That might be the reason we haven't seen a reverse split just yet. Although it hasn't stopped them from virtually maxing out their 7 billion authorized shares.
Take a look at the Secretary of State filing for EWRC. It has almost more amendments than our constitution.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=iZlmVEajLzoKooPzqxShTg%253d%253d&CorpName=EWORLDCOMPANIES%2c+INC
You have to wonder what legitimate company would let their Secratary of State filings remain default while peddling an obscene amount of shares to unwitting investors. Do we even have to answer that?
Monday, September 21, 2009
EWRC - Let's Take A Walk Down Memory Lane, More Like Nightmare Lane
For all you EWRC "shareholders" a look in the rear view mirror might give you a glimpse of what LIES ahead. Your CEO, prior to the 12,000-1 reverse split, said that the reverse split would benefit shareholders! Now that was a lie. It did nothing of the sort. The lies have not stopped and the dilution just continues at absolute mind boggling rates.
Below is the press release that EWDI shareholders were given just before they saw their holdings reduced by a count of 12,000 to 1, toss in the later 20 shares for 1 reverse split and today's 6.6 billion outstanding share count really stands in the quadrillions. Here is the definition of quadrillions:
n] 
Show IPA noun, plural -lions, (as after a numeral) -lion, adjective
–noun
The exact reverse split adjusted number for EWRC from January 2008 using today's 6.6 billion outstanding share count is: 1,584,000,000,000,000. That's an awful lot of shares. Must make EWRC shareholders pretty excited to be holding shares that, reverse split adjusted, number in the quadrillions.
Back in 2008 when EWRL, I mean EWDI, I mean EWRC, with each reverse split it gets tougher to remember which ticker this company has had, decided to do the 12,000-1 reverse split there was even talk of a share buyback! That would have been great news. I bet it drew in a couple more suckers before the guillotine whacked whatever shares they bought into nothing.
Here is that big lie of a press release, once again protected by the Safe Harbor that is so boldly posted directly on the main page of EWRC's web site (BTW: EWDI = EWRC 2 reverse splits ago. Same company, same management, just before shares were reduced by a 240,000 to 1 count)
eWorld Companies, Inc. Announces Plans for Upcoming Reverse Stock Split
PR Newswire - January 10, 2008 9:41 AM ET
eWorld Companies, Inc. (Pink Sheets: EWDI), announced today that the company has filed the necessary paperwork and expects a reverse split of its common shares to be completed on January 17, 2008. The terms of the split will require all shareholders to turn in a physical certificate in order to receive their new shares. The Company has also announced that they are contemplating a stock buy back after the reverse is complete.
Upon releasing this announcement, Henning Morales, Chairman and CEO of eWorld Companies, Inc., stated, "This reverse split should benefit our shareholders in several ways. The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders, to better identify the magnitude of the short position we believe may have existed in our stock, and to signal the marketplace that we are positioning ourselves as a company worthy of serious consideration as we prepare to move out of our developmental stage and into our marketing and expansion mode. The timing of this restructuring is reflective of the steady progress of our fund-raising efforts, and coincides with the final beta testing of several Internet technologies that we will officially release to the public at our official launch in February 2008. We are very excited about the future of our company, and look forward to making additional important announcements in the coming weeks and months."
Just look at what the CEO is saying! The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders
You service your shareholders by reverseing their shares 12,000 to 1 and then 20 to 1 only months later leaving them with virtually nothing! A year later you dilute the stock back to 6.6 billion, how is that service? Seems like shareholders have been shafted to the tune of all their "investment". How is that SERVICE?
13:34 3/26/2008 EWRL eWorld Companies Inc Common Stock --------->EWRC eWorld Companies Inc Common Stock New 1-20 R/S
With EWRC's stock price cratering, even with a supposed $.019 offer on the table, one might have to wonder when the next reverse split will come. When it does come EWRC won't have to look hard for a new stock ticker. It looks like CRAP is still available.
Below is the press release that EWDI shareholders were given just before they saw their holdings reduced by a count of 12,000 to 1, toss in the later 20 shares for 1 reverse split and today's 6.6 billion outstanding share count really stands in the quadrillions. Here is the definition of quadrillions:
quad⋅ril⋅lion
[kwo-dril-yuhn] Show IPA noun, plural -lions, (as after a numeral) -lion, adjective –noun
| 1. | a cardinal number represented in the U.S. by 1 followed by 15 zeros, and in Great Britain by 1 followed by 24 zeros. |
The exact reverse split adjusted number for EWRC from January 2008 using today's 6.6 billion outstanding share count is: 1,584,000,000,000,000. That's an awful lot of shares. Must make EWRC shareholders pretty excited to be holding shares that, reverse split adjusted, number in the quadrillions.
Back in 2008 when EWRL, I mean EWDI, I mean EWRC, with each reverse split it gets tougher to remember which ticker this company has had, decided to do the 12,000-1 reverse split there was even talk of a share buyback! That would have been great news. I bet it drew in a couple more suckers before the guillotine whacked whatever shares they bought into nothing.
Here is that big lie of a press release, once again protected by the Safe Harbor that is so boldly posted directly on the main page of EWRC's web site (BTW: EWDI = EWRC 2 reverse splits ago. Same company, same management, just before shares were reduced by a 240,000 to 1 count)
eWorld Companies, Inc. Announces Plans for Upcoming Reverse Stock Split
PR Newswire - January 10, 2008 9:41 AM ET
eWorld Companies, Inc. (Pink Sheets: EWDI), announced today that the company has filed the necessary paperwork and expects a reverse split of its common shares to be completed on January 17, 2008. The terms of the split will require all shareholders to turn in a physical certificate in order to receive their new shares. The Company has also announced that they are contemplating a stock buy back after the reverse is complete.
Upon releasing this announcement, Henning Morales, Chairman and CEO of eWorld Companies, Inc., stated, "This reverse split should benefit our shareholders in several ways. The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders, to better identify the magnitude of the short position we believe may have existed in our stock, and to signal the marketplace that we are positioning ourselves as a company worthy of serious consideration as we prepare to move out of our developmental stage and into our marketing and expansion mode. The timing of this restructuring is reflective of the steady progress of our fund-raising efforts, and coincides with the final beta testing of several Internet technologies that we will officially release to the public at our official launch in February 2008. We are very excited about the future of our company, and look forward to making additional important announcements in the coming weeks and months."
Just look at what the CEO is saying! The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders
You service your shareholders by reverseing their shares 12,000 to 1 and then 20 to 1 only months later leaving them with virtually nothing! A year later you dilute the stock back to 6.6 billion, how is that service? Seems like shareholders have been shafted to the tune of all their "investment". How is that SERVICE?
13:34 3/26/2008 EWRL eWorld Companies Inc Common Stock --------->EWRC eWorld Companies Inc Common Stock New 1-20 R/S
With EWRC's stock price cratering, even with a supposed $.019 offer on the table, one might have to wonder when the next reverse split will come. When it does come EWRC won't have to look hard for a new stock ticker. It looks like CRAP is still available.
IGSM - Ripe For The Picking
After doing some quick research on ISGM, it appears this stock could see some upward momentum soon. Consider the recent drop has occurred on volume that could be called weak. Also understand that the share structure is reasonable if you look at the current price of the stock $.004.
Only a few months back this was a $.04 stock. To have fallen from such heights it is only natural to see some rebound. The company continues to churn out press, which undoubtedly will attract investors at some point or another.
The company web site is both professional in quality, and informative.
IGSM could see $.01 in short order.
LLEG - Up 137% on Monday - More To Come?
On Monday Morning, with LLEG closing the prior session at $.0008, LLEG issued a press release that we felt could move the stock.
http://pennystockgurus.blogspot.com/2009/09/lleg-poised-for-breakout.html
Sure enough LLEG came under some significant buying pressure throughout the day and impressively enough closed at its high of the day.
This bodes well for Tuesday and the rest of the week. Monday's volume was also a telling sign, as many of these $.000 stock runs begin on enormous volume. LLEG should at least test the $.0025 - $.003 range Tuesday, quite possibly as soon as the bell rings. Where it goes from there will be difficult to call for the short term.
If the volume and buying pressure continue LLEG could see some serious price appreciation from here.
http://pennystockgurus.blogspot.com/2009/09/lleg-poised-for-breakout.html
Sure enough LLEG came under some significant buying pressure throughout the day and impressively enough closed at its high of the day.
This bodes well for Tuesday and the rest of the week. Monday's volume was also a telling sign, as many of these $.000 stock runs begin on enormous volume. LLEG should at least test the $.0025 - $.003 range Tuesday, quite possibly as soon as the bell rings. Where it goes from there will be difficult to call for the short term.
If the volume and buying pressure continue LLEG could see some serious price appreciation from here.
LLEG - Poised For A Breakout?
Penny Stocks always tend to have more than one life. They can disappear for a while, lose attention, and see their share price plummet to all-time lows. Then suddenly they return to life and their price per share begins to appreciate.
LLEG looks poised to breakout these next few weeks as attention appears to be returning to the stock via price gains, volume, and press releases.
LLEG closed at $.0008 on Friday. A break of $.001 looks almost assured.
Today's press release:
Laidlaw Energy and Homeland Renewable Energy Announce Biomass Project Development Joint Venture and Investment Business Wire "US Press Releases "
NEW YORK --(BUSINESS WIRE)-- Laidlaw Biopower, LLC ("Laidlaw"), an affiliate of Laidlaw Energy Group, Inc. (Ticker symbol "LLEG"), and Homeland Renewable Energy LLC ("Homeland"), jointly announced today that they have entered into a joint venture to develop biomass-energy plants throughout the Northeastern United States . The joint venture company, known as Homeland Laidlaw Energy, LLC ("HLE"), provides the joint venture partners with a strong market position in the U.S. renewable energy marketplace with an initial portfolio of four biomass-energy plants under development in the Northeast and plans for significant expansion down the road.
In connection with the joint venture, Homeland has also agreed to make an equity investment in the joint venture which will provide capital for development as well as proceeds to Laidlaw in consideration for the contribution of several of Laidlaw's development projects to the portfolio of HLE.
Commenting on the formation of HLE, Laidlaw President & CEO Michael B. Bartoszek stated, "The formation of HLE brings together tremendous synergies between Laidlaw and Homeland. Laidlaw's strength lies is originating, developing and financing exceptional biomass project opportunities and Homeland's strength lies in engineering, building and operating such projects. This joint venture gives the parties everything they need to take a project from conceptual stage to operations within one organization."
Homeland Chairman Jack Clarke will serve as Chairman of the Board of HLE and Homeland President Rupert Fraser and Chief Operating Officer Carl Strickler will serve on the board of HLE and as corporate officers. Laidlaw President and CEO Michael Bartoszek will serve as President and CEO of HLE and Laidlaw Vice Presidents Louis Bravakis and Raymond Kusche will hold similar positions with HLE and serve on the board.
The combination of Laidlaw's and Homeland's biomass-energy development businesses brings together approximately 30 professionals focused on making HLE the leading supplier of biomass-energy in North America . HLE will be headquartered in New York, NY and maintain offices or personnel in Pennsylvania , New Hampshire , Vermont , Maine and London, UK .
Homeland President & CEO Rupert Fraser stated, "The HLE joint venture complements Homeland's poultry litter power project business extremely well. We are excited by the opportunities that the HLE project pipeline will bring for us to create significant value for our shareholders and those of Laidlaw."
Separately, Laidlaw announced today that is has signed a letter of intent to acquire an approximately 10 megawatt biomass-energy plant located in Massachusetts . The parties are presently negotiating a definitive purchase agreement. It is anticipated that the project will be assigned to HLE and become part of its development portfolio, subject to approval of HLE's board of directors.
For further information on Homeland please see www.homelandrenewableenergy.com and for further information on Laidlaw please see www.laidlawenergy.com
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and neither Laidlaw not Homeland can provide assurance that such statements will prove to be correct. Laidlaw and Homeland undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Source: Laidlaw Energy Group, Inc.
Friday, September 18, 2009
Contrary to popular belief - Promoted stocks do run
We posted this earlier in the year.
Friday, January 30, 2009
Contrary to popular belief - Promoted stocks do run
Just because a company is paying someone to pump its stock it doesn’t mean the stock won’t increase substantially in value. Actually the stock could see serious volume and a high level of liquidity, which are two very important things to look for in a penny stock. Just like any other penny stock remember that the rug can be pulled out from underneath you at any point in time. Also watch for the “sell on the news” phenomenon. It can be like clock work with these promoted stocks. The key to promoted stocks is to get in before the crowd and out while the stadium is still sold out. Otherwise you’ll find yourself stuck in the mad rush for the exits.
We can all be jealous about the huge sums these companies dole out to have their stocks pumped. We find ourselves using our hard earned cash to purchase positions while these unscrupulous promoters are simply handed shares/cash just to tout a stock. How hard can that be? Just be wary before buying any penny stock and know whether or not its being promoted, because a promoted stock always has a final death plunge in it, and you surely want to avoid that.
Finally, never believe the hype. Enjoy it, bask in it, but never believe it. Just trade it and you’ll do just fine.
Friday, January 30, 2009
Contrary to popular belief - Promoted stocks do run
Just because a company is paying someone to pump its stock it doesn’t mean the stock won’t increase substantially in value. Actually the stock could see serious volume and a high level of liquidity, which are two very important things to look for in a penny stock. Just like any other penny stock remember that the rug can be pulled out from underneath you at any point in time. Also watch for the “sell on the news” phenomenon. It can be like clock work with these promoted stocks. The key to promoted stocks is to get in before the crowd and out while the stadium is still sold out. Otherwise you’ll find yourself stuck in the mad rush for the exits.
We can all be jealous about the huge sums these companies dole out to have their stocks pumped. We find ourselves using our hard earned cash to purchase positions while these unscrupulous promoters are simply handed shares/cash just to tout a stock. How hard can that be? Just be wary before buying any penny stock and know whether or not its being promoted, because a promoted stock always has a final death plunge in it, and you surely want to avoid that.
Finally, never believe the hype. Enjoy it, bask in it, but never believe it. Just trade it and you’ll do just fine.
EVFL - It's A Miracle!
Today EVFL issued a press release stating how they were able to retire $2.6+ million in debt. If anyone dug just a hair deeper they would find some, almost ludicrous, details of this 'debt retirement'.
Let's get right to it. Anyone that has $2 million dollars would not be stupid enough to exchange those $2 million for 200,000 shares of a company that has filed for bankruptcy. Right? If you had $2 million would you be investing it in the common stock of a bankrupt company? Would you pay $10 a share for a stock that has no value? That is precisely what EVFL claims to have done.
"Gee you can't pay us the $2 million you owe us? Well why don't you just give us 200,000 shares of a bankrupt stock. That should cover it."
Anyone with half a brain knows that common equity usually gets wiped in a bankruptcy. Its akin to flushing your money down the toilet, and $2 million is just too much to flush away. But that's exactly what happened here. EVFL was able to, according to today's Pink Sheet filing, exchange $2 million in debt for 200,000 shares of PNG. This is the same company that filed for bankruptcy protection earlier this month (article posted below).
http://www.reuters.com/article/marketsNews/idAFBNG49553420090910?rpc=44
On August 24, 2009, Radcliffe, SPC, Ltd., a fund managed by Radcliffe Capital
Management, LP based in Bala Cynwyd, Pennsylvania provided an exchange notice to
Evolution that, pursuant to the Amended and Restated Senior Secured Exchangeable
Convertible Note dated 6/26/08, it had elected to exchange $2,000,000.00 of debt for
200,000 shares of PNG common stock at an exchange price of $10.00 per share. The
Company has complied with the exchange notice.
I would classify this debt exchange as a miracle. Although it begs to question who these Radcliffe, SPC, Ltd. ( a fund managed by Radcliffe Capital
Management, LP based in Bala Cynwyd, Pennsylvania) people are. I wouldn't want them managing a penny on my money.
The stock did get some movement after the news came out. One market maker left the ask for an hour before coming back after the kool-aid wore off.
The second part of the debt retirement is much more vague. It begs to question what the company gave "Akin Gump" to just give up on the $536k+ that EVFL owed them and couldn't pay them since almost a year ago. I doubt "Akin GUmp" wanted shares of a company that had no bid and they had little chance of selling.
On August 5, 2008 the Company executed a promissory note in favor of Akin Gump
Strauss Hauer & Feld LLP (“Akin Gump”). The principal amount on the promissory
note was $536,869.26, which became due and payable on November 1, 2008. The
Company failed to make the payment required by the Promissory Note on this date. The
Company reached a settlement agreement with Akin Gump on September 11, 2009 and
no longer has any obligations related to the promissory note.
To sum things up. EVFL today was able to get rid of $2,000,000 in debt by exchanging 200,000 of a worthless, bankrupt stock PNGXQ.OB that closed at $.01 today. That would make the $2,000,000 worth $2,000 assuming someone was willing to purchase those shares. Does that make any sense?
Then EVFL was able to remove another $536k+ in debt with absolutely no explanation as to how this was done. Does that make any sense?
The PR was too good to be true. They have removed $2.6 million in debt in a way that defies logic. No one in their right mind would exchange $2 million for shares of a bankrupt company. No one would let $536k+ go unpaid without receiving something of equal value in return. The press release today didn't move the stock, as it appears virtually unmovable. It just raised a lot more questions.
Sept 10 (Reuters) - PNG Ventures Inc PNGX.OB filed for Chapter 11 protection in a Delaware bankruptcy court, becoming the second liquefied natural gas company this week to buckle under pressure from falling gas prices.
In court filings, the company said it was confronted with losses from operations and default under a $36.3 million secured credit facility.
Natural gas prices have been pressured to 7-1/2-year lows by bearish domestic fundamentals, while crude, which is more heavily impacted by international factors, has been bolstered this year by growing economic optimism.
Trident Resources Corp and its affiliates filed for Chapter 11 protection late on Tuesday, also citing a significant drop in natural gas prices.
PNG Ventures listed assets of about $40 million and debt of about $44.6 million in its Chapter 11 filing, which included five affiliates.
The case is In re: PNG Ventures Inc, U.S. Bankruptcy Court, District of Delaware (Delaware), No.09-13162. (Reporting by Santosh Nadgir in Bangalore; Editing by Anne Pallivathuckal)
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24438
Evolution Fuels Files Supplemental Information Disclosure Related to Retirement of Certain Debt in the Amount of $2,536,869.26
DALLAS, Sep 18, 2009 (GlobeNewswire via COMTEX) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that it has filed a "Supplemental Information" filing which can be found on the Pink Sheets OTC Markets website (www.pinksheets.com) under "Filings" for Evolution Fuels.
In the filing, the Company describes the status of certain debts in the aggregate amount of $2,536,869.26 that have recently been retired.
About Evolution Fuels, Inc.
The Company endeavors to market renewable transportation fuels at retail fuel stations that will provide blends of ethanol from 10% to 85% (E10 to E85), and biodiesel blends from 5% to 20% (B5 to B20). The Company's plan calls for the development of a chain of renewable fuel stations that extend from Texas to Mississippi that will be a combination of "Evolution Fuels"-branded fuel stations/convenience stores and western-motif truck stops modeled after the Willie's Place Truck Stop in Carl's Corner, TX. The Company's Web site is www.evolution-fuels.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Evolution Fuels, Inc.
Let's get right to it. Anyone that has $2 million dollars would not be stupid enough to exchange those $2 million for 200,000 shares of a company that has filed for bankruptcy. Right? If you had $2 million would you be investing it in the common stock of a bankrupt company? Would you pay $10 a share for a stock that has no value? That is precisely what EVFL claims to have done.
"Gee you can't pay us the $2 million you owe us? Well why don't you just give us 200,000 shares of a bankrupt stock. That should cover it."
Anyone with half a brain knows that common equity usually gets wiped in a bankruptcy. Its akin to flushing your money down the toilet, and $2 million is just too much to flush away. But that's exactly what happened here. EVFL was able to, according to today's Pink Sheet filing, exchange $2 million in debt for 200,000 shares of PNG. This is the same company that filed for bankruptcy protection earlier this month (article posted below).
http://www.reuters.com/article/marketsNews/idAFBNG49553420090910?rpc=44
On August 24, 2009, Radcliffe, SPC, Ltd., a fund managed by Radcliffe Capital
Management, LP based in Bala Cynwyd, Pennsylvania provided an exchange notice to
Evolution that, pursuant to the Amended and Restated Senior Secured Exchangeable
Convertible Note dated 6/26/08, it had elected to exchange $2,000,000.00 of debt for
200,000 shares of PNG common stock at an exchange price of $10.00 per share. The
Company has complied with the exchange notice.
I would classify this debt exchange as a miracle. Although it begs to question who these Radcliffe, SPC, Ltd. ( a fund managed by Radcliffe Capital
Management, LP based in Bala Cynwyd, Pennsylvania) people are. I wouldn't want them managing a penny on my money.
The stock did get some movement after the news came out. One market maker left the ask for an hour before coming back after the kool-aid wore off.
The second part of the debt retirement is much more vague. It begs to question what the company gave "Akin Gump" to just give up on the $536k+ that EVFL owed them and couldn't pay them since almost a year ago. I doubt "Akin GUmp" wanted shares of a company that had no bid and they had little chance of selling.
On August 5, 2008 the Company executed a promissory note in favor of Akin Gump
Strauss Hauer & Feld LLP (“Akin Gump”). The principal amount on the promissory
note was $536,869.26, which became due and payable on November 1, 2008. The
Company failed to make the payment required by the Promissory Note on this date. The
Company reached a settlement agreement with Akin Gump on September 11, 2009 and
no longer has any obligations related to the promissory note.
To sum things up. EVFL today was able to get rid of $2,000,000 in debt by exchanging 200,000 of a worthless, bankrupt stock PNGXQ.OB that closed at $.01 today. That would make the $2,000,000 worth $2,000 assuming someone was willing to purchase those shares. Does that make any sense?
Then EVFL was able to remove another $536k+ in debt with absolutely no explanation as to how this was done. Does that make any sense?
The PR was too good to be true. They have removed $2.6 million in debt in a way that defies logic. No one in their right mind would exchange $2 million for shares of a bankrupt company. No one would let $536k+ go unpaid without receiving something of equal value in return. The press release today didn't move the stock, as it appears virtually unmovable. It just raised a lot more questions.
Sept 10 (Reuters) - PNG Ventures Inc PNGX.OB filed for Chapter 11 protection in a Delaware bankruptcy court, becoming the second liquefied natural gas company this week to buckle under pressure from falling gas prices.
In court filings, the company said it was confronted with losses from operations and default under a $36.3 million secured credit facility.
Natural gas prices have been pressured to 7-1/2-year lows by bearish domestic fundamentals, while crude, which is more heavily impacted by international factors, has been bolstered this year by growing economic optimism.
Trident Resources Corp and its affiliates filed for Chapter 11 protection late on Tuesday, also citing a significant drop in natural gas prices.
PNG Ventures listed assets of about $40 million and debt of about $44.6 million in its Chapter 11 filing, which included five affiliates.
The case is In re: PNG Ventures Inc, U.S. Bankruptcy Court, District of Delaware (Delaware), No.09-13162. (Reporting by Santosh Nadgir in Bangalore; Editing by Anne Pallivathuckal)
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24438
Evolution Fuels Files Supplemental Information Disclosure Related to Retirement of Certain Debt in the Amount of $2,536,869.26
DALLAS, Sep 18, 2009 (GlobeNewswire via COMTEX) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that it has filed a "Supplemental Information" filing which can be found on the Pink Sheets OTC Markets website (www.pinksheets.com) under "Filings" for Evolution Fuels.
In the filing, the Company describes the status of certain debts in the aggregate amount of $2,536,869.26 that have recently been retired.
About Evolution Fuels, Inc.
The Company endeavors to market renewable transportation fuels at retail fuel stations that will provide blends of ethanol from 10% to 85% (E10 to E85), and biodiesel blends from 5% to 20% (B5 to B20). The Company's plan calls for the development of a chain of renewable fuel stations that extend from Texas to Mississippi that will be a combination of "Evolution Fuels"-branded fuel stations/convenience stores and western-motif truck stops modeled after the Willie's Place Truck Stop in Carl's Corner, TX. The Company's Web site is www.evolution-fuels.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Evolution Fuels, Inc.
Thursday, September 17, 2009
NSMG - Is There A Hurricane Coming?
The penny stock world thrives on a story of speculation and potential. With hurricane season peaking the next few weeks, NSMG might be a stock that gets speculative attention when a storm brews in the Carribean.
NSMG, though, is a very short term hold. The stock carries a skull and cross bones at Pink Sheets. This is not a good thing, but if a storm is brewing, this stock could see some buying pressure. Also consider the fact that this stock is trading near recent lows at $.0075.
This stock was, and should be, trading above $.01. Today NSMG released news and the stock sold off some. This stock should be closely watched before taking a position. Also any position in NSMG should be watched with care.
National Storm Shows Continued Progress with Q2 Results
Significant Denver Hail Should Create Major Winter Opportunities
IRVING, Texas, Sep 17, 2009 (BUSINESS WIRE) -- National Storm Management, Inc. (Pink Sheets: NSMG) released second quarter results today. Second quarter revenues reached $1.7 million producing a nominal operating loss of $19,427. This compares to Q1 sales of $1.1 million and an operating loss of $131,701 and Q4 08 sales of $654K and an operating loss of $570K.
"We are headed right in the direction that we expected at the beginning of the year" said Terry Kiefer, CEO and President. "Overhead levels are the lowest they have been since prior to 2005 and will remain that way as we open a second office in response to a significant hail storm in the Denver area. (http://denver.bizjournals.com/denver/stories/2009/07/27/daily16.html) This storm should set us up for some of the strongest winter sales that we have seen since 2004 and supports what we have been telling investors for years, that we are not just a hurricane company," said Kiefer. "We expect a small dip in Q3 production as we have pulled some cash out of Atlanta to get started in Denver but it is already beginning to pay dividends and will continue as we head into Q4," concluded Kiefer.
About National Storm Management, Inc.
National Storm Management (Pink Sheets: NSMG) is an expanding national construction company headquartered in Irving, Texas and providing storm restoration services to storm prone areas in the United States. There are currently 10 full-time employees and 20 commissioned non-employee salespersons. The Company and its affiliates are recognized by all major insurance companies such as State Farm, Allstate, Farmers and others for storm related claims. The Company is a member of the National Roofing Contractors Association (NRCA) and the Better Business Bureau. More information is available at www.nationalstorm.com.
SOURCE: National Storm Management, Inc.
CONTACT:
National Storm Management Scott Knoll, 972-714-9999
EWRC - Covering It's Ass
Take a cruise over the EWRC's company web site. It's chock full of fabulous info and then at the bottom you find a very noticeable link to its Safe Harbor Statement.
http://www.eworldcompanies.com/safe_harbor_statement.php
In case you don't have the time here is the Safe Harbor Statement directly from EWRC's web site:
Safe Harbor Statement
eWorld Companies, Inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This site includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as eWorld Companies or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements herein that describe the company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward- looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
The forward-looking statements included in this release are made only as of the date of this release and the company undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.
The pennystockguru can give you this same safe harbor statement in one quick sentence:
"We can say whatever we want and get away with it"
So there you have it. EWRC in very obvious fashion is covering its own ass on its web site to be sure investors know that statements on that web site are forward looking and thus can not be relied upon. To the average investor this might not be something they understand, comprehend, or even care about. But to anyone looking to make an investment this should be a red flag.
Another red flag should be the obvious selling of stock during recent trading sessions. Today the stock succumbed to selling pressure falling over 20%.
Look at the selling on our chart:
If the selling picks up in earnest this stock could be back at $.0001 before Morales returns from his trip to Washington (PR pasted below). That $.019 offer for all 6.638 billion EWRC shares is looking more obscene by the day. Please tell me why this stock continues to fall while a supposed $.019 bid sits on the table? Are we not right in calling out this obvious misleading of investors? We'd enjoy some feedback. If you are an EWRC investor please tell us we are wrong and why you are buying this stock.
CEO Henning Morales Goes to Washington D.C. and Kicks Off Sponsorship Alliance With National Hispanic Foundation for the Arts at Gala Event Where Supreme Court Justice Sonia Sotomayor Was Special Guest
LOS ANGELES, CA, Sep 17, 2009 (MARKETWIRE via COMTEX) -- eWorld Companies, Inc. (PINKSHEETS: EWRC) and the National Hispanic Foundation for the Arts have agreed to a series of cross-promotional efforts to promote one another's activities and charitable causes. The program got under way this week in Washington, D.C. when eWorld was presented Monday evening at a VIP Salon Dinner and Tuesday night at the Foundation's Annual Gala. This year's gala was themed "Noche Musical" to help launch "Latin Music USA," a four-part PBS documentary airing next month, and the guest list included a veritable "Who's who" of insiders from Washington, Wall Street and the entertainment industry including special guest new Supreme Court Justice Sonia Sotomayor. Others in attendance included Secretary of Labor Hilda Solis, FCC Chairman Julius Genachowski, Executive Director of the President's Commission on the Arts & Humanities Rachel Goslins, and a wide range of A-list celebrities, politicos, and executives including representatives from NBC Universal, Disney/ABC, Fox Entertainment, CBS Corporation, Ford Motor Company, AT&T, The Coca-Cola Company and others. eWorld was represented by CEO Henning Morales and Sr. VP Don Grenough, and video footage and still photos of the event will be available soon on eWorld's Boomerang Media Station(TM).
eWorld and NHFA will continue to work together on a series of additional activities, including eWorld's sponsorship of a special fund-raising event for NHFA's charitable causes, which will take place in Los Angeles during Grammys week, in conjunction with the eWorld Music Awards Show on January 29, 2010.
The NHFA was co-founded by Jimmy Smits, Sonia Braga, Esai Morales, Merel Julia (widow of Raul Julia), and Washington, D.C. attorney Felix Sanchez, to increase participation of Hispanics in the entertainment industry. The Foundation offers graduate scholarships and an outreach program at prominent colleges and universities for young Latinos aspiring to careers in entertainment and media. It also seeks to expand career opportunities for existing talent in all aspects of entertainment, telecommunications and performing arts.
ABOUT EWORLD COMPANIES, INC.
eWorld Companies, Inc. markets and distributes cutting edge Internet technologies through its International network of Affiliates, users and strategic partners. eWorld's patent-pending Boomerang Media Station(TM) is a free Internet application that features exclusive and third-party movies, music videos, webcasts and other streaming video content delivered via its unique state-of-the-art broadcast quality video player.
For further information visit www.eworldcompanies.com or call (310) 471-7674.
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of eWorld Companies, Inc., which involves risks and uncertainties. The Company's actual results could materially differ from those discussed. The Company intends that statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact:
Henning Morales
CEO
(310) 471-7674
Subscribe to:
Posts (Atom)
Posts
