friday nice move up, we can see eu aprovall on 13dec
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#2
Stock Picking / Re: TREN - Torrent Energy (Oil & Gas)
August 21, 2007, 06:39:05 AM #3
Stock Picking / Re: TREN - Torrent Energy (Oil & Gas)
August 20, 2007, 06:52:24 PM
from BabyBulls / 16.08.07
Torrent Energy Corp. (OTCBB:TREN) Market Conditions Create "Two for One" Buying Opportunity in Energy Sector
Yesterday morning Torrent Energy announced that the Company will be conducting an Investor conference call to update the market on their two primary energy targets; Coos Bay, Oregon and Chehalis Basin, Washington State, next Thursday, August 23rd at 1:00 pm EDT. We have included information below on how to get on the call and a link to the release. We are strongly recommending that EVERYONE interested in making money in the energy market take the time to get on this call.
Recent market conditions have hit resource companies particularly hard over the past week or two – with Torrent being no exception. In fact, trading of Torrent shares is currently down approximately 40% to the sixty to sixty five cent range from where they traded just a few weeks ago. When we see a move of this magnitude in such a short time we have to ask ourselves what is happening. Is it an overall market condition - or something more to do with the company's fundamentals. In the case of Torrent Energy, first we looked at the overall energy market. Well, yes – oil has been down a few dollars recently and hovers around $70 a barrel. But we still feel that over the next few years, we will see continued strong demand and price strength for fossil fuels even in an orderly global economy. (If the global geopolitical climate shifts too far from the status quo, say in Iran, or other energy hot spot, we think $70 a barrel could be in the rear view mirror very quickly). Developing countries like China and India are experiencing sharp demand growth as their populations move up the ladder to a more westernized culture, meaning more electricity demand to power infrastructure and more oil to power automobiles. Yes, renewables will play a part as civilization looks to move away from non-renewable energy sources, but in the near term, we don't see the landscape changing too much for the relatively inexpensive energy source of choice – oil and natural gas - humankind's addiction (and present consumption levels) to these energy choices is just too great.
Then we looked at Torrent itself. Has anything changed over the past month or two that would warrant this type of market reaction? After reviewing the Company's press releases during this time and talking with management, the simple answer is no. What has changed is the fact that each week, Torrent gets closer to being in a position to exploit its largest known energy resource by putting their Coos Bay property, which has an independent report as having a potential 1.2 TRILLION CUBIC FEET of natural gas into commercial production. And as we have stated here before, that is a massive energy resource (at $7 per mcf (mcf = 1,000 cubic feet), where the spot price of natural gas is currently), we are talking about $7 BILLION dollars worth of natural gas.
Now of course Torrent will not be able to extract all of the resource, but based on all the data retrieved to date from their test well programs, they have a very good idea as to a range of how much of the energy they should be able to extract - and have backed that number into an estimation of what the present value of the property should be in that case. In a press release dated July 23rd the Company estimates that their Coos Bay property, based on the current data derived from their development work to date would represent an un-risked asset value of between $160 million and $500 million.
This range represents significant upside from here. Taking into account the number of shares currently outstanding at Torrent as of the most recent quarterly report of 40 million, Torrent has a present market cap of $25 million. If they are successful in hitting the low side of their estimate for Coos Bay, we are talking about better than a six bagger from here – and we won't even look at what would happen to the price if they hit the high side of the range (we'll let you do the math on that one). You could even double the outstanding shares from here and we are still talking about a couple of bucks per share (300% appreciation potential)– and that's just the Oregon property. Remember, Torrent has a huge coal bed methane/conventional play prospect up in Washington State as well.
Every once in a while there are excellent opportunities in the market, usually due to the masses over reacting to market forces. It's during these times that money can be multiplied, not just grown. It's not for the faint of heart, and it takes some investment moxy – but we see Torrent as one of these opportunities right here – where you can practically buy two shares today for the price of one just a few weeks ago - and participate in the kind of upside potential covered above. As the old saying goes "bought right is half sold".
So for everyone looking in from the sidelines waiting for a reason to get long the energy market, here's your formal invitation. And for those already in, this looks like a great place to efficiently lower your cost basis, because we strongly suspect Torrent's day in the sun is coming soon, and we don't want anyone to miss the boat on this one when it does!
Torrent's management Investment Update/Conference Call will be held next Thursday August 23rd at 1 p.m. Eastern (10 a.m. Pacific) and will be available on the Internet at www.torrentenergy.com, or by dialing into the teleconference at 1-888-339-9446. Participants should access the website at least 15 minutes early to register and download any necessary audio software. A replay of the webcast will be available for 90 days. Like we said above, if you are interested in the energy markets and how you could prosper in the future of coal bed methane natural gas, we strongly recommend you join us for the call.
Here is a link to yesterday's full press release: http://biz.yahoo.com/iw/070815/0291285.html
For more about Torrent Energy you can go to: www.babybulls.com/profile_TREN.htm or from the Company's comprehensive website at: www.torrentenergy.com
Torrent Energy Corp. (OTCBB:TREN) Market Conditions Create "Two for One" Buying Opportunity in Energy Sector
Yesterday morning Torrent Energy announced that the Company will be conducting an Investor conference call to update the market on their two primary energy targets; Coos Bay, Oregon and Chehalis Basin, Washington State, next Thursday, August 23rd at 1:00 pm EDT. We have included information below on how to get on the call and a link to the release. We are strongly recommending that EVERYONE interested in making money in the energy market take the time to get on this call.
Recent market conditions have hit resource companies particularly hard over the past week or two – with Torrent being no exception. In fact, trading of Torrent shares is currently down approximately 40% to the sixty to sixty five cent range from where they traded just a few weeks ago. When we see a move of this magnitude in such a short time we have to ask ourselves what is happening. Is it an overall market condition - or something more to do with the company's fundamentals. In the case of Torrent Energy, first we looked at the overall energy market. Well, yes – oil has been down a few dollars recently and hovers around $70 a barrel. But we still feel that over the next few years, we will see continued strong demand and price strength for fossil fuels even in an orderly global economy. (If the global geopolitical climate shifts too far from the status quo, say in Iran, or other energy hot spot, we think $70 a barrel could be in the rear view mirror very quickly). Developing countries like China and India are experiencing sharp demand growth as their populations move up the ladder to a more westernized culture, meaning more electricity demand to power infrastructure and more oil to power automobiles. Yes, renewables will play a part as civilization looks to move away from non-renewable energy sources, but in the near term, we don't see the landscape changing too much for the relatively inexpensive energy source of choice – oil and natural gas - humankind's addiction (and present consumption levels) to these energy choices is just too great.
Then we looked at Torrent itself. Has anything changed over the past month or two that would warrant this type of market reaction? After reviewing the Company's press releases during this time and talking with management, the simple answer is no. What has changed is the fact that each week, Torrent gets closer to being in a position to exploit its largest known energy resource by putting their Coos Bay property, which has an independent report as having a potential 1.2 TRILLION CUBIC FEET of natural gas into commercial production. And as we have stated here before, that is a massive energy resource (at $7 per mcf (mcf = 1,000 cubic feet), where the spot price of natural gas is currently), we are talking about $7 BILLION dollars worth of natural gas.
Now of course Torrent will not be able to extract all of the resource, but based on all the data retrieved to date from their test well programs, they have a very good idea as to a range of how much of the energy they should be able to extract - and have backed that number into an estimation of what the present value of the property should be in that case. In a press release dated July 23rd the Company estimates that their Coos Bay property, based on the current data derived from their development work to date would represent an un-risked asset value of between $160 million and $500 million.
This range represents significant upside from here. Taking into account the number of shares currently outstanding at Torrent as of the most recent quarterly report of 40 million, Torrent has a present market cap of $25 million. If they are successful in hitting the low side of their estimate for Coos Bay, we are talking about better than a six bagger from here – and we won't even look at what would happen to the price if they hit the high side of the range (we'll let you do the math on that one). You could even double the outstanding shares from here and we are still talking about a couple of bucks per share (300% appreciation potential)– and that's just the Oregon property. Remember, Torrent has a huge coal bed methane/conventional play prospect up in Washington State as well.
Every once in a while there are excellent opportunities in the market, usually due to the masses over reacting to market forces. It's during these times that money can be multiplied, not just grown. It's not for the faint of heart, and it takes some investment moxy – but we see Torrent as one of these opportunities right here – where you can practically buy two shares today for the price of one just a few weeks ago - and participate in the kind of upside potential covered above. As the old saying goes "bought right is half sold".
So for everyone looking in from the sidelines waiting for a reason to get long the energy market, here's your formal invitation. And for those already in, this looks like a great place to efficiently lower your cost basis, because we strongly suspect Torrent's day in the sun is coming soon, and we don't want anyone to miss the boat on this one when it does!
Torrent's management Investment Update/Conference Call will be held next Thursday August 23rd at 1 p.m. Eastern (10 a.m. Pacific) and will be available on the Internet at www.torrentenergy.com, or by dialing into the teleconference at 1-888-339-9446. Participants should access the website at least 15 minutes early to register and download any necessary audio software. A replay of the webcast will be available for 90 days. Like we said above, if you are interested in the energy markets and how you could prosper in the future of coal bed methane natural gas, we strongly recommend you join us for the call.
Here is a link to yesterday's full press release: http://biz.yahoo.com/iw/070815/0291285.html
For more about Torrent Energy you can go to: www.babybulls.com/profile_TREN.htm or from the Company's comprehensive website at: www.torrentenergy.com
#4
Stock Picking / Re: TREN - Torrent Energy (Oil & Gas)
August 20, 2007, 04:16:36 PM
conference call thursday, lets see what they bring us, bought some today at 64
http://biz.yahoo.com/iw/070815/0291285.html
http://biz.yahoo.com/iw/070815/0291285.html
#5
Penny Stock Picking / Re: Salon city (SLON.PK)
July 17, 2007, 06:29:58 AM
http://www.sec.gov/Archives/edgar/data/1316156/000126493107000305/0001264931-07-000305-index.htm
10 sb filling out, yehaa
10 sb filling out, yehaa
#6
Penny Stock Picking / Re: GSCR.OB
July 09, 2007, 05:47:30 PM
HUGE 8K FILLING
Form 8-K for GS CARBON CORP
--------------------------------------------------------------------------------
9-Jul-2007
Other Events
ITEM 8.01 OTHER EVENTS
Effective July 1, 2007, the Company's majority shareholder, Seaway Capital, Inc., converted 308,234,884 shares of Company common stock into 21,750 shares of Company Series B preferred stock. Taking this conversion into account, Seaway now beneficially owns 100,000 shares of the Company's Series B preferred stock. A full description of the rights and privileges accorded to the Company's Series B preferred stock is provided in the Company's Form 10KSB for its fiscal year ended December 31, 2006.
After this conversion is effected, the Company will have approximately 186,099,879 shares of common stock outstanding and 100,000 shares of Series B preferred stock.
Form 8-K for GS CARBON CORP
--------------------------------------------------------------------------------
9-Jul-2007
Other Events
ITEM 8.01 OTHER EVENTS
Effective July 1, 2007, the Company's majority shareholder, Seaway Capital, Inc., converted 308,234,884 shares of Company common stock into 21,750 shares of Company Series B preferred stock. Taking this conversion into account, Seaway now beneficially owns 100,000 shares of the Company's Series B preferred stock. A full description of the rights and privileges accorded to the Company's Series B preferred stock is provided in the Company's Form 10KSB for its fiscal year ended December 31, 2006.
After this conversion is effected, the Company will have approximately 186,099,879 shares of common stock outstanding and 100,000 shares of Series B preferred stock.
#7
Penny Stock Picking / Re: Salon city (SLON.PK)
July 09, 2007, 05:46:09 PM
SLON TODAY 0.05 25%
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Press Release Source: Salon City, Inc.
Salon City, Inc. Receives Sign Off Approval from Independent Auditors for SEC Filing
Monday July 9, 9:30 am ET
SCI's Legal Team Will Send Form 10-SB To SEC
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Salon City, Inc. (OTC:SLON - News) announced today that auditors Lake and Associates LLC have given approval and officially signed off on their two-year independent audit of Salon City, Inc., in final preparation of SCI's 10-SB filing with the Securities and Exchange Commission to uplist to the Over the Counter Bulletin Board.
ADVERTISEMENT
SCI's legal team is finalizing the necessary documents to accompany the approved audit, and project the filing will be sent to the SEC in the next few days. Steven Casciola, SCI's President & CEO stated, "This process has taken months to prepare for, and now that the independent auditors have approved the audit, we are grateful to see that sustentative progress has been achieved from a coordinated effort of many committed professionals. This is also a symbolic time (during the 4th of July week) to take this important, historical step for SLON's growth, scalability and future expansion. It clearly demonstrates how good people have come together, SLON investors and fans alike, to collectively pursue the American Dream of creating more wealth, prosperity, beauty and happiness in life by being the best you can be."
Upgrading SLON's reporting status to the OTCBB is an important milestone in the Company's drive towards branding itself as an emerging media, distribution and marketing powerhouse for lifestyle and beauty entertainment around the world.
About Salon City, Inc.
Salon City Magazine, America's newest lifestyle publication published by Salon City, Inc., is now nationally distributed by Time Warner Retail, a Time Warner Company (NYSE:TWX - News), and internationally by Kable News Distribution, an AmRep company (NYSE: AXR - News), in 30 countries around the world.
For information on SLON, visit www.saloncity.com or email Investors Relations at [email protected]. Listen to SLON's weekly conference calls: Dial 605-725-1900 (Code:010405), Thursdays, 4 p.m. ET.
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the Company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
Contact:
Salon City, Inc.
Steven G. Casciola, President and CEO, 310-402-2819
Renee Simone, Media Communications, 310-734-4320
--------------------------------------------------------------------------------
Source: Salon City, Inc.
Yahoo!My Yahoo!Mail Make Y! your home pageYahoo! SearchSearch:Welcome, nilorn
[Sign Out, My Account]Finance Home -Help
Home InvestingMarket OverviewMarket StatsStocksMutual FundsETFsBondsOptionsIndustriesCurrencyEducationNews & OpinionMarketsInvesting IdeasExpert AdviceSpecial EditionsCompany FinancesProvidersPersonal FinanceBanking & BudgetingCareer & WorkCollege & EducationFamily & HomeInsuranceLoansReal EstateRetirementTaxesHow-to GuidesGet QuotesSymbol LookupFinance Search
Press Release Source: Salon City, Inc.
Salon City, Inc. Receives Sign Off Approval from Independent Auditors for SEC Filing
Monday July 9, 9:30 am ET
SCI's Legal Team Will Send Form 10-SB To SEC
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Salon City, Inc. (OTC:SLON - News) announced today that auditors Lake and Associates LLC have given approval and officially signed off on their two-year independent audit of Salon City, Inc., in final preparation of SCI's 10-SB filing with the Securities and Exchange Commission to uplist to the Over the Counter Bulletin Board.
ADVERTISEMENT
SCI's legal team is finalizing the necessary documents to accompany the approved audit, and project the filing will be sent to the SEC in the next few days. Steven Casciola, SCI's President & CEO stated, "This process has taken months to prepare for, and now that the independent auditors have approved the audit, we are grateful to see that sustentative progress has been achieved from a coordinated effort of many committed professionals. This is also a symbolic time (during the 4th of July week) to take this important, historical step for SLON's growth, scalability and future expansion. It clearly demonstrates how good people have come together, SLON investors and fans alike, to collectively pursue the American Dream of creating more wealth, prosperity, beauty and happiness in life by being the best you can be."
Upgrading SLON's reporting status to the OTCBB is an important milestone in the Company's drive towards branding itself as an emerging media, distribution and marketing powerhouse for lifestyle and beauty entertainment around the world.
About Salon City, Inc.
Salon City Magazine, America's newest lifestyle publication published by Salon City, Inc., is now nationally distributed by Time Warner Retail, a Time Warner Company (NYSE:TWX - News), and internationally by Kable News Distribution, an AmRep company (NYSE: AXR - News), in 30 countries around the world.
For information on SLON, visit www.saloncity.com or email Investors Relations at [email protected]. Listen to SLON's weekly conference calls: Dial 605-725-1900 (Code:010405), Thursdays, 4 p.m. ET.
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the Company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
Contact:
Salon City, Inc.
Steven G. Casciola, President and CEO, 310-402-2819
Renee Simone, Media Communications, 310-734-4320
--------------------------------------------------------------------------------
Source: Salon City, Inc.
#8
Penny Stock Picking / Re: Salon city (SLON.PK)
July 07, 2007, 07:09:47 PM
Salon City, Inc. Completes Final Draft of Audit
Thursday June 28, 9:30 am ET
Form 10-SB SEC Financial Report Now in Review
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Salon City, Inc. (OTC:SLON - News) reported today that independent auditors Lake and Associates LLC have now completed the "final draft" of SCI's audited financials and that the draft is being reviewed before Lake's projected official signing and submission. The necessary documentation is a vital part of Salon City's Form 10-SB filing with the SEC to be uplisted to the Over-The-Counter Bulletin Board.
Thursday June 28, 9:30 am ET
Form 10-SB SEC Financial Report Now in Review
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Salon City, Inc. (OTC:SLON - News) reported today that independent auditors Lake and Associates LLC have now completed the "final draft" of SCI's audited financials and that the draft is being reviewed before Lake's projected official signing and submission. The necessary documentation is a vital part of Salon City's Form 10-SB filing with the SEC to be uplisted to the Over-The-Counter Bulletin Board.
#9
Penny Stock Picking / Re: Salon city (SLON.PK)
July 07, 2007, 07:07:55 PM
Casciola stated SCI's near-term forecast in clear, simple terms: "For every dollar we spend on printing and distributing a single Salon City copy, we aim to generate $2-$4 or more in revenue. Overhead and staffing costs are relatively fixed and stable, so we intend to maximize profitability based on our projected annual circulation of up to 2 million issues (200,000 copies, distributed 10 times next year)." Casciola concluded, "More issues equal higher ad page rates and increased overall revenue - and that can add millions to the bottom line."
#10
Penny Stock Picking / Re: Salon city (SLON.PK)
July 07, 2007, 07:03:45 PM
Recent News from Salon City Inc.
"Salon City, Inc. Increases Revenue Forecast for 2008" (Fri, Jun 29)
http://biz.yahoo.com/bw/070629/20070629005145.html?.v=1
"Salon City, Inc. Completes Final Draft of Audit" (Thur, Jun 28)
http://biz.yahoo.com/bw/070628/20070628005321.html?.v=1
"Salon City Magazine Goes on Sale Today in 4879 Major Retail Outlets and 30 Countries (Tue 9:30am)"
http://biz.yahoo.com/bw/070626/20070626005789.html?.v=1
"Time Warner Retail Increases Salon City Magazine's Domestic Newsstand Distribution Sites by 62 Percent (Mon, Jun 25)"
http://biz.yahoo.com/bw/070625/20070625005425.html?.v=1
"Salon City, Inc.'s Independent Audit Nears Completion; Preparation for 10-SB SEC Filing for Uplisting to OTC Bulletin Board (Mon, Jun 18)"
http://biz.yahoo.com/prnews/070618/lam068.html?.v=101
"Salon City, Inc. Inks Molecule Design Studios to Finalize All-New SalonCity.com(Thu, Jun 14)"
http://biz.yahoo.com/prnews/070614/lath066.html?.v=99
"Salon City Magazine to Light Up Signage at LAX July - September"
http://biz.yahoo.com/prnews/070510/lath056.html?.v=98
"Salon City Magazine Sells in to Big Chains With Time Warner Retail"
http://biz.yahoo.com/prnews/070503/lath080.html?.v=99
"Salon City, Inc. Prepares Form 10-SB SEC Filing for Up-listing to OTC Bulletin Board"
http://biz.yahoo.com/prnews/070425/law047.html?.v=98
"Salon City, Inc. Projects Growth From Salon City Magazine in 2008"
http://biz.yahoo.com/prnews/070423/clm090.html?.v=24
"Second Issue of New Salon City on Stands"
http://biz.yahoo.com/prnews/070420/clf052.html?.v=63
"Salon City, Inc. Announces Overseas Distribution of Salon City Magazine Through Kable Distribution Services"
http://biz.yahoo.com/prnews/070320/cltu114.html?.v=15
"Salon City, Inc.'s Premiere Salon City Magazine Now in 3,000 Prime Retail Locations" http://biz.yahoo.com/prnews/070305/nym061.html?.v=75
"New Salon City Magazine En Route to Nationwide Outlets for February 27 On-sale Date" http://biz.yahoo.com/prnews/070131/law056.html?.v=99
"Salon City, Inc. Prepares Launch of New-Look Salon City Magazine to National Retail Outlets February 27" http://biz.yahoo.com/prnews/070125/lath080.html?.v=84
"Salon City, Inc. Increases Revenue Forecast for 2008" (Fri, Jun 29)
http://biz.yahoo.com/bw/070629/20070629005145.html?.v=1
"Salon City, Inc. Completes Final Draft of Audit" (Thur, Jun 28)
http://biz.yahoo.com/bw/070628/20070628005321.html?.v=1
"Salon City Magazine Goes on Sale Today in 4879 Major Retail Outlets and 30 Countries (Tue 9:30am)"
http://biz.yahoo.com/bw/070626/20070626005789.html?.v=1
"Time Warner Retail Increases Salon City Magazine's Domestic Newsstand Distribution Sites by 62 Percent (Mon, Jun 25)"
http://biz.yahoo.com/bw/070625/20070625005425.html?.v=1
"Salon City, Inc.'s Independent Audit Nears Completion; Preparation for 10-SB SEC Filing for Uplisting to OTC Bulletin Board (Mon, Jun 18)"
http://biz.yahoo.com/prnews/070618/lam068.html?.v=101
"Salon City, Inc. Inks Molecule Design Studios to Finalize All-New SalonCity.com(Thu, Jun 14)"
http://biz.yahoo.com/prnews/070614/lath066.html?.v=99
"Salon City Magazine to Light Up Signage at LAX July - September"
http://biz.yahoo.com/prnews/070510/lath056.html?.v=98
"Salon City Magazine Sells in to Big Chains With Time Warner Retail"
http://biz.yahoo.com/prnews/070503/lath080.html?.v=99
"Salon City, Inc. Prepares Form 10-SB SEC Filing for Up-listing to OTC Bulletin Board"
http://biz.yahoo.com/prnews/070425/law047.html?.v=98
"Salon City, Inc. Projects Growth From Salon City Magazine in 2008"
http://biz.yahoo.com/prnews/070423/clm090.html?.v=24
"Second Issue of New Salon City on Stands"
http://biz.yahoo.com/prnews/070420/clf052.html?.v=63
"Salon City, Inc. Announces Overseas Distribution of Salon City Magazine Through Kable Distribution Services"
http://biz.yahoo.com/prnews/070320/cltu114.html?.v=15
"Salon City, Inc.'s Premiere Salon City Magazine Now in 3,000 Prime Retail Locations" http://biz.yahoo.com/prnews/070305/nym061.html?.v=75
"New Salon City Magazine En Route to Nationwide Outlets for February 27 On-sale Date" http://biz.yahoo.com/prnews/070131/law056.html?.v=99
"Salon City, Inc. Prepares Launch of New-Look Salon City Magazine to National Retail Outlets February 27" http://biz.yahoo.com/prnews/070125/lath080.html?.v=84
#11
Penny Stock Picking / Salon city (SLON.PK)
July 07, 2007, 02:50:29 PM
audit fillings next week and looking otcbb in aug-sept, this gonna be huge ,mark my words 
chart here
Shot at 2007-07-07
chart here
Shot at 2007-07-07
#12
Penny Stock Picking / Re: GSCR.OB
July 02, 2007, 08:16:12 AM
Press Release Source: GS Carbon Corporation
GS Carbon Releases Shareholder Letter
Monday July 2, 8:00 am ET
NEW YORK--(BUSINESS WIRE)--GS Carbon Corporation (OTC Bulletin Board: GSCR - News) chairman and chief executive officer, Tom Scozzafava, issued the following letter to its shareholders today:
ADVERTISEMENT
Dear Shareholders:
I am pleased to report today that the previously-announced transaction between Seaway Capital and GreenShift Corporation became effective June 30, 2007. As reported, the terms of the agreement called for Seaway Capital's acquisition of GreenShift's controlling stake in the form of common and preferred stock in return for the assumption certain legacy liabilities of GS Carbon.
The first order of business shall be the official name change of GS Carbon Corporation to Seaway Capital Corporation and the eventual ticker symbol change to reflect this name change. Neither of these events will impact the company's shareholders' number of shares held or the overall capital structure of the company.
Seaway Capital Partners, LLC (the predecessor to Seaway Capital Corporation and collectively, "Seaway Capital") was formed in 2002 as a money management and private equity and leveraged buyout company. Seaway Capital's (www.seawaycapital.com) business plan is to invest in majority and minority equity stakes and to enter into mezzanine-type debt agreements with various operating companies. Returns to Seaway Capital are intended to be in the form of the eventual share appreciation and dispossession of those equity stakes and income from loans made to businesses.
To this end, I anticipate Seaway Capital will shortly obtain a controlling equity interest in WiseBuys Stores, Inc., ("WiseBuys") a big box retail chain it founded in 2003 with former Ames Chairman and CEO, Joe Ettore, and former BJ Wholesale executive, Joe LaChausse.
WiseBuys (www.wisebuysstores.com) currently has five (5) locations representing approximately 230,000 square feet, and it has partnered with other retailers such as Payless ShoeSource, Inc. and KB Toys to expand rapidly in rural markets in primarily former Ames locations. WiseBuys and its in-store partners have generated store revenues of over $35 million since November 2003, and, after a brief pause, WiseBuys is now aggressively seeking growth through acquisitions and new store development. I am currently the Treasurer and CFO of WiseBuys Stores, Inc. The Seaway acquisition of WiseBuys will be subject to completion of audits of WiseBuys and is expected to close in July or early August 2007.
In addition, as reported in the news media WiseBuys has been in lengthy discussions with Hackett's (http://www.wisebuysstores.com/news/Adirondack_Daily_06-22-07.pdf) regarding a possible merger or acquisition. If such transaction were to be finalized, the combined company would have ten (10) locations and pro forma annual revenues of over $30 million. Hackett's is one of New York and the nation's oldest retail establishments with its roots dating back to 1830. Hackett's currently has five locations in northern New York.
Additionally, Seaway Capital is seeking equity and debt investments in other retail, restaurants, media, business services, manufacturing, and select technology companies.
About Seaway Capital
Seaway Capital was formed in 2002 and makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway Capital also seeks investments in leveraged buyouts and restructurings. Seaway Capital will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing. Seaway Capital will also consider select technology investments.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Seaway Capital Corporation
[email protected]
www.seawaycapital.com
or
CEOcast, Inc.
Investor Relations:
Andrew Hellman, 212-732-4300
--------------------------------------------------------------------------------
Source: GS Carbon Corporation
GS Carbon Releases Shareholder Letter
Monday July 2, 8:00 am ET
NEW YORK--(BUSINESS WIRE)--GS Carbon Corporation (OTC Bulletin Board: GSCR - News) chairman and chief executive officer, Tom Scozzafava, issued the following letter to its shareholders today:
ADVERTISEMENT
Dear Shareholders:
I am pleased to report today that the previously-announced transaction between Seaway Capital and GreenShift Corporation became effective June 30, 2007. As reported, the terms of the agreement called for Seaway Capital's acquisition of GreenShift's controlling stake in the form of common and preferred stock in return for the assumption certain legacy liabilities of GS Carbon.
The first order of business shall be the official name change of GS Carbon Corporation to Seaway Capital Corporation and the eventual ticker symbol change to reflect this name change. Neither of these events will impact the company's shareholders' number of shares held or the overall capital structure of the company.
Seaway Capital Partners, LLC (the predecessor to Seaway Capital Corporation and collectively, "Seaway Capital") was formed in 2002 as a money management and private equity and leveraged buyout company. Seaway Capital's (www.seawaycapital.com) business plan is to invest in majority and minority equity stakes and to enter into mezzanine-type debt agreements with various operating companies. Returns to Seaway Capital are intended to be in the form of the eventual share appreciation and dispossession of those equity stakes and income from loans made to businesses.
To this end, I anticipate Seaway Capital will shortly obtain a controlling equity interest in WiseBuys Stores, Inc., ("WiseBuys") a big box retail chain it founded in 2003 with former Ames Chairman and CEO, Joe Ettore, and former BJ Wholesale executive, Joe LaChausse.
WiseBuys (www.wisebuysstores.com) currently has five (5) locations representing approximately 230,000 square feet, and it has partnered with other retailers such as Payless ShoeSource, Inc. and KB Toys to expand rapidly in rural markets in primarily former Ames locations. WiseBuys and its in-store partners have generated store revenues of over $35 million since November 2003, and, after a brief pause, WiseBuys is now aggressively seeking growth through acquisitions and new store development. I am currently the Treasurer and CFO of WiseBuys Stores, Inc. The Seaway acquisition of WiseBuys will be subject to completion of audits of WiseBuys and is expected to close in July or early August 2007.
In addition, as reported in the news media WiseBuys has been in lengthy discussions with Hackett's (http://www.wisebuysstores.com/news/Adirondack_Daily_06-22-07.pdf) regarding a possible merger or acquisition. If such transaction were to be finalized, the combined company would have ten (10) locations and pro forma annual revenues of over $30 million. Hackett's is one of New York and the nation's oldest retail establishments with its roots dating back to 1830. Hackett's currently has five locations in northern New York.
Additionally, Seaway Capital is seeking equity and debt investments in other retail, restaurants, media, business services, manufacturing, and select technology companies.
About Seaway Capital
Seaway Capital was formed in 2002 and makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway Capital also seeks investments in leveraged buyouts and restructurings. Seaway Capital will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing. Seaway Capital will also consider select technology investments.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Seaway Capital Corporation
[email protected]
www.seawaycapital.com
or
CEOcast, Inc.
Investor Relations:
Andrew Hellman, 212-732-4300
--------------------------------------------------------------------------------
Source: GS Carbon Corporation
#13
Penny Stock Picking / Re: NXNO.PK NEXUS NANO ELECTRONICS
May 12, 2007, 10:29:01 AM
Those who wants an update from CC , pm me
#14
Penny Stock Picking / Re: NXNO.PK NEXUS NANO ELECTRONICS
May 12, 2007, 06:26:34 AM
Thx for the chart idfix
#15
Penny Stock Picking / Re: NXNO.PK NEXUS NANO ELECTRONICS
May 11, 2007, 05:59:13 PM
CC on now, give an update soon
