Since you are so far behind in any GESI info...let
Post# of 1507
Posted On: 07/26/2014 9:35:01 AM
Re: muscleshoals #808
Since you are so far behind in any GESI info...let me share with you exactly what I remember pertaining to that "raised capital"....
I was told there needed to be exactly $200,000 raised in a very short time frame to put into escrow so Jason Watson could secure the $50,000,000 in funding for GESI to build a waste to energy facility in Alberta. I was also told once that $200,000 was raised it would be held in escrow for one year...or until Gordon received a building permit to build a waste to energy facility in Alberta. Once the permit was secured Jason would provide funding in "steps" as the building process was completed and as each "step" was completed a new "traunch" or "block" of money would be provided for the next step. I was also told that at the end of one year each ppm investor would have a choice of either receiving a full refund plus 5%....OR....either choose to receive free trading shares purchased at .005.
First off...$200,000 was not raised as what was said HAD to be raised or the deal was off.....it was actually just under $186,000....so hmmmmm...
Second...that money was never held in escrow anywhere I could ever verify...
Third...A cert was issued for shares at .005 to each ppm investor....whether Class A..or..free trading is still in debate today...
Fourth...NO OFFER of a full refund with 5% was ever made to anyone...one ppm investor did tell me and others he was offered a full refund...with no 5%...and refused it for his own reasons...
Fifth....TO DATE...NO ONE actually knows where that $186,000 actually went and who actually ended up with it....I have been told a couple of stories....one story was for expenses...lmao...what expenses....another story was....it was Jason Watson's fee for securing the financing...bs too imo....so what actually happened to the $186,000 is still a mystery..until verifiable facts are presented to PROVE what actually happened...
Sixth...what do PPM Investors actually own??? Class A shares as a couple state....Free Trading shares....as the majority believe they purchased for resale after a year.....what do folks own??? Hell if I know....but I do know the difference between Class A and free trading....I posted the definition for those who may have been misinformed so they all could know....
Now I know alot more about the story and the aftermath...and the follow up attempts by some too...we will cross that bridge when we get there.....were talking funds...escrow monies...and PPM certs now...
Glad I could provide you an update as to the real facts ....on this one particular point of interest and discussion...
I was told there needed to be exactly $200,000 raised in a very short time frame to put into escrow so Jason Watson could secure the $50,000,000 in funding for GESI to build a waste to energy facility in Alberta. I was also told once that $200,000 was raised it would be held in escrow for one year...or until Gordon received a building permit to build a waste to energy facility in Alberta. Once the permit was secured Jason would provide funding in "steps" as the building process was completed and as each "step" was completed a new "traunch" or "block" of money would be provided for the next step. I was also told that at the end of one year each ppm investor would have a choice of either receiving a full refund plus 5%....OR....either choose to receive free trading shares purchased at .005.
First off...$200,000 was not raised as what was said HAD to be raised or the deal was off.....it was actually just under $186,000....so hmmmmm...
Second...that money was never held in escrow anywhere I could ever verify...
Third...A cert was issued for shares at .005 to each ppm investor....whether Class A..or..free trading is still in debate today...
Fourth...NO OFFER of a full refund with 5% was ever made to anyone...one ppm investor did tell me and others he was offered a full refund...with no 5%...and refused it for his own reasons...
Fifth....TO DATE...NO ONE actually knows where that $186,000 actually went and who actually ended up with it....I have been told a couple of stories....one story was for expenses...lmao...what expenses....another story was....it was Jason Watson's fee for securing the financing...bs too imo....so what actually happened to the $186,000 is still a mystery..until verifiable facts are presented to PROVE what actually happened...
Sixth...what do PPM Investors actually own??? Class A shares as a couple state....Free Trading shares....as the majority believe they purchased for resale after a year.....what do folks own??? Hell if I know....but I do know the difference between Class A and free trading....I posted the definition for those who may have been misinformed so they all could know....
Now I know alot more about the story and the aftermath...and the follow up attempts by some too...we will cross that bridge when we get there.....were talking funds...escrow monies...and PPM certs now...
Glad I could provide you an update as to the real facts ....on this one particular point of interest and discussion...
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