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PLROQ SEC Suspension:
http://www.sec.gov/litigation/suspensions/2013/34-70988.pdf
Order:
http://www.sec.gov/litigation/suspensions/2013/34-70988-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-70987.pdf
You might think about buying 100k shares for $280.
Then selling the 44k shares.
You could then take the $9000 in losses spread out
over 5 years I think. Run that by your accountant.
Platinum Research was recently reactivated in the
records of the Texas controller of public accounts
What does that mean ? Should we keep the stock or sell ?
Please help me , I have 44,000 shares and 9000.00 dollars invested. Should I sell & take the loss for tax's? My luck some one will buy all the companies work and the stock goes back to 12.00 per share.
Is Platinum Reach worth keeping ? I have 9000.00 dollars invested. My investor person said sell and take the loss. What should I do ? My luck is if I sell and it is bought out and the stock goes back up to 12.00 per share. Please help me
Four year anniversary in bankruptcy chapter 7.
My theory still holds true.
SCERS recently refused their settlement check.
UTA has recieved recent funding from Chevron, Boeing,
and Rebirth Partners (Cork Jaeger)for continuation
of same or similar technology as Platinum Research.
Anyone out there after four years?
The trustee in the bankruptcy has asked that the claims of
Seattle city retirement fund be dismissed. This was a claim
for 5 million.
He also asked the judge to dismiss the Alpina loan for 1.5 million
The trustee said that the stays were lifted to allow the claimants
to pursue their claims and should now be dismissed.
I hope this may mean that PRO has negotiated new terms and may be back soon,
Recent encouraging events.
1. RT Vanderbilt mention F-ZDDP in their new patent applications.
2 RT Vanderbilt hires former doctorate student who did research
at University of Texas at Arlington for Platinum Research.
3 The University of Texas regents, Alpina Lending,and the
Seattle city Retirement Fund all granted power of attorney
to customer #84188 in reguards to a patent application of
Platinum research.
4 Chevron Oronite has recently granted UTA for a study on diesel
soot
5 Pranesh Aswath the UTA professor who did the Platinum Research
sponsored studies still considers the work ongoing.
Here is a interesting quote from camero.net. August 15,2011
Only one company uses this FEF3/zddp technology(platinum research)
"Look for more modern FeF3/Zn additives to make it to the market sometime soon.
This compound does away with the problems of P(phosphorus) poisoning of cats. and does not need S(Sulfur) added to the compound as a catalyst - so it can be used in Diesels also ...
Will probably show up in $$ specialty diesel oils first
And it is fully compatable with Iron(Fe) surfaces"
"Jurors found that Esping took the two joint venture partnerships (McCommas Landfill Partners and McCommas Landfill Processing Partners) into bankruptcy in order to eliminate Bluff Power as a partner so Esping could have sole ownership of the companies."
Maybe PRO CEO Cork Jaeger took us into voluntary Chapter 7 to protect PRO against EFO Genpar?
A jury awarded the plaintiffs over $25 million in actual damages
Is it any different that Cork Jaeger took PLRO into bankruptcy to have sole ownership by eliminating the stockholders from the picture?
What would a jury think about that?
Sleuth, that's a good point to make.. thanks.
Platinum Research majority stakeholder EFO Genpar is part of EFO Holdings. A jury awarded the plaintiffs,(against efo) over $25 million in actual damages June 2, 2011
Now we see they (esping) like to use unethical bankruptcy to futher their agenda.
"Jurors found that Esping took the two joint venture partnerships (McCommas Landfill Partners and McCommas Landfill Processing Partners) into bankruptcy in order to eliminate Bluff Power as a partner so Esping could have sole ownership of the companies."
Maybe PRO CEO Cork Jaeger took us into voluntary Chapter 7 to protect PRO against EFO Genpar?
http://www.thestreet.com/story/11141286/1/millionaire-dallas-businessman-bill-esping-found-liable-for-malicious-fraud.html
Just a thought, a low pps will certainly help to keep PLROQ off the radar..
Interesting trading this morning.. Ask was at .0041 momentarily.
edit: bid now at .005??
Sleuth, thanks for the update.
Its good to see today that block of one million shares @ .04
has been pulled. MAXM market maker now offers only 5k @ .10.
I think we may be getting close to something. ACDELCO has designed
new lables for their oil
containers. Exxon will be providing the new formulations for ACDELCO. Its always been my thinking that PRO would be a part of this scenario.
The June 2011 journal "Lubrication Science" is devoting the entire
issue (about 50 pages) to some of the science behind Platinum Research's fluorinated zddp.
The author in a previous recent study acknowledged PRO for support.
I was just looking at that.. Isn't that what a 'wall' is? I agree about the news..
Whats curious is the market maker MAXM with a ask of .04. He has one million shares offered. He is the same MM who purchased all the shares April 1. A few days ago he offered 500k. I think he's
trying to hold the price down foe some reason. When you see that there are a million shares available at .04 its hard to buy at .03
Only some news would push you thru .04
10Q 11/14/08 >>> There were 75,000,000 shares of the registrant’s common stock issued and outstanding as of November 13, 2008
Thanks, the buy or trading at the beginning of April just might signify that something's happening in the background. The idea of stalling in BK---to save/preserve capital-- definitely makes sense to me.
I did find it notable that all the court dockets were 'scrubbed'.
Back in October 2008 PLO CEO Jaeger implied that at least a couple of years of testing were needed before companies would decide. So why not save a couple of million dollars in business expenses by stalling in bankruptcy courts?
From the October 2008 LUBE REPORT:
“I think we feel our engine testing is a little bit late to be a player in GF-5,” Jaeger acknowledged. “The answer to entry is we need to establish relationships with people who might – if their specification was met – break from the market trend and basically go their own way. If we’re successful in finding that type of party, provided all the testing confirms the wisdom of doing that, we might be on the market sometime in the neighborhood of 2011, maybe even as early as late 2010. If we have to go through the industry process, or if GF-5 doesn’t get extended, then I’m not sure exactly what the timeline would be.”
Sleuth, it seems you're thinking that when the time's right.. PLROQ will simply say, ok no need to liquidate (chapter 7) and emerge; get the directors/management back etc..? tia
Sleuth, thanks for the reply.. I'll be following PLROQ more from now.. Hopefully we'll see you posting more here? Can I add you as a mod? Gave you a mark.
Not sure if it was you that put the ibox together before but I posted it as a stickie, to save the info. The websites don't work though..
Still thinking something is going on and the bankruptcy
filing is a stalling tactic to save money.
One of the last quotes from ceo jaeger back in Sept. 2008 was that
they would not have a oil additive product (f-zddp) untill possibly the
first quarter of 2011. They were burning 250k a quarter. I think interested companies needed to do their own testing and their was
nothing left for PRO to do but wait on the decisions.
Note, the BK case no 09-30977. No dockets available on Pacer, very interesting.
OLD iBOX INFO:
PLRO Synopsis The PRO technology, known as TechroBond, is positioned to disrupt large, status quo global Lubrication markets, markets that are controlled by some of the world's largest corporations
PLRO has been working on this technology for 10 years. Their products lubricate better, have less wear, reduce friction (current oils increase friction, even a 2% change in frictional losses can yield improvements of 10% in fuel economy), contains less phosphorous (thus less pollution) and cost the same or less.
Environmental Regulators are presently demanding changes -- changes that only TECHROBOND can deliver. TechroBond which is low phosphorous and clean burning, may be the only plausible, tested and proven replacement for ZDDP, the primary chemical component in engine and lubricating oils. California State lawmakers have long been at the forefront of emissions and anti-pollution legislation.
Environmental protection models developed in California are generally regarded as the "Gold Standard", and are routinely adopted by other jurisdictions, both in the US and internationally subsequent to their release and implementation in California.
Governor Schwarzenegger signed Executive Order # S-3-05 on June 1, 2005. The Executive Order established greenhouse gas targets: * By 2010, Reduce to 2000 Emission Levels
* By 2020, Reduce to 1990 Emission Levels
* By 2050, Reduce to 80 percent Below 1990 Levels Engine Oil (Largest Market) The most commonly used additive in engine oil is ZDDP, an anti-wear additive. ZDDP was invented 60 years ago and has changed very little since. The "P" in ZDDP stands for phosphorous, and when it is burned, one of the byproducts is sulfur gas , which is a harsh environmental pollutant. The presence of ZDDP in the motor oil formulation is one of the largest contributors of noxious tailpipe emissions. The EPA has mandated that the amount of phosphorous contained in motor oils must be reduced well below its current levels of 0.08% or eliminated all together, and performance must be equal to oil currently on the market, but automakers and oil formulators agree that conventional oil with phosphorous levels below 0.08% are unable to perform to an acceptable standard. Conversely, in lab tests conducted by General Motors Corporation, one of the US "Big Three" auto manufacturers, oil formulations containing TechroBond demonstrate better performance than current oil formulations on the market, even with a reduction of Phosphorous to 0.01%. ZDDP is also known to deactivate the catalytic converter after 50,000 miles and therefore is a prime contributor to tailpipe emissions. The EPA has mandated that all automobile manufacturers must certify their catalytic converters meet emission standards for 120,000 miles of operation. TechroBond does not affect the catalytic converter, and will not compromise its effectiveness, even over time!
While they expect a steady stream of products and applications to be commercialized over the next 1-2 years in grease, metalworking fluid, hydraulic fluid and other applications, the largest addressable markets are oil additives and specialty coatings. Producing Revenues Now Revenues commenced in 2006, with the Company selling its first products to customers in the rail industry. PRO has partnered with Whitmore Group, a formulator and vendor of lubricants and greases to the rail industry, to formulate and market products specifically designed for use in rail transport applications. TechroBond enhanced grease was used in railcurve applications by a major rail carrier, and tests indicate an improvement in lubrication of between 40% and 200%, with improved anti-wear and anti-corrosion performance. These results have been confirmed by independent Falex Labs of Chicago, spurring Whitmore to actively market TechroBond enhanced grease for railcurve, axle and other heavy industrial applications to the nation's five largest rail companies.
Addressable Markets (2005 Sales) Industrial Coatings - $18 Billion MetalWorking Fluids - $3.7 Billion Gear Oil - $1.7 Billion Grease - $1.8 Billion Hydraulic - $3 Billion Lubricant Additives - $3.8 Billion Engine Oil - $24.8 Billion Total Potential Markets - $56.8 Billion or higher
Impressive Board of Directors
* Chairman, Mr. Thomas G. Plaskett, the former CEO of Pan Am and Continental Airlines, current chairman of Novell Corporation, and a Director of Radio Shack Corporation
* Mr. Allan McArtor, current chairman of Airbus North America Holdings, Inc.
* Dr. Michael McMillan, former chairman of ILSAC (International Lubricants Standardization and Approval Committee), recently served as Vice President of the power-train division of General Motors, which is the division that deals with all things to do with engines.
* Mr. Arnold Burns, Chairman of Quanstar Group and former deputy attorney general at the Department of Justice.
* Mr. Ben DuPont, Chairman of yet2.com, DuPont Chemical family member, former Senior Dupont Executive.
* Mr. Theodore Brombach, a former Managing Director of Morgan Stanley. PLRO is obviously poised to modernize the Lubrication Industry.
The company began trading in November 2006, and is as of now still undiscovered by the investment community, yet.
PLRO Website: http://www.platinumresearch.com 3
PLRO Stock Research Reports: http://www.investorshub.com/boards/read_msg.asp?message_id=16804467
Potential Markets: http://www.techrobond.com/addressable_salesfigures.shtml Patents
Issued and Pending: http://www.techrobond.com/tech_intellectualproperty.shtml
Shares Outstanding: http://www.techrobond.com/investor_corpsummary.shtml
Board of Directors: http://www.investorshub.com/boards/read_msg.asp?message_id=17154599
Enviromental Legislation: http://www.techrobond.com/currentopp_environmental.shtml
Corporate Brochure: http://www.techrobond.com/investor_brochure.shtml
Are you still following PLROQ? Tia, chart looks interesting.
Sleuth, I see you're still interested in PLROQ, (from the Y board)--you still on iHub?
Found this on Pacer:
02/16/2011 29 Trustee's Notice of Intent to Destroy Records filed by Trustee Daniel J. Sherman. (Sherman, Daniel)
Had this in my account for a good while.. noticed it was up yesterday.. SO WHAT"S GOING ON?
Bastards!!!!!!! Oh well.....
GM (read PLRO) and Chapter 7
For all those who expect their PLRO shares to regain value:
http://www.fool.com/investing/general/2009/07/10/gm-this-stock-is-worthless.aspx#commentsBoxAnchor
If anyone cares, the IP of pro was a featured weekly technology last week of yet2com. Maybe there is still a possibility of coming out of bankruptcy?http://www.yet2.com/app/insight/techofweek/52652?sid=210
SEC investigation?
Does the SEC follow up on bankruptcies, especially when they are connected with fraudulent pump-and-dump schemes like the elusive Marcus Hubbert?
What does the University of Texas - Arlington think of their employees being involved with stock frauds like this?
As I have stated before, be sure to have copies of your brokerage statements in order to receive a few pennies on the dollar when the class action lawsuit is finally settled.
What of the intellectual property?
PLRO's patents and research must be worth something to somebody.
I notice that Vanderbilt and Whitmore seem to have purged their web sites of any mention of Techrobond.
If it were such a great product, why can't they find a way to produce it?
What does it matter? Chapter 7 means that any shareholders can kiss their investment good by, because the company is ceasing operations and liquidating its assets to pay off the creditors that it can't afford to pay now.
Maybe you can buy a desk chair at the bankruptcy sale, if you live in Texas.
Have the former officers fled the country yet?
who is going to release it? All the officers abandoned ship
Good for a laugh
http://www.pennystocksignals.com/forum/index.php?topic=459.0
There are simple tale signs that I look for to determine whether an emerging company has potential - and this little company has them all - in spades! The company I am talking about is Platinum Research Organization (PLRO), and if I'm right, an investment of only a few thousand dollars at the current share price of around $2.00 a share may be worth 30,000 or 60,000 and maybe even up to 150,000 by Easter of 2007, depending on how much you choose to invest.
Former Senior Executives from all of these Leading American Corporations - and the former Deputy Attorney General of the United States - have all agreed to sit on the Board of Directors of this dynamic Company.
Think of it this way - when firms and executives of the caliber listed above are willing to put their reputations on the line in order to get involved with an emerging disruptive technology company, you can bet that the stakes are high and the dollars in question are huge. If this piques your interest, you may be further intrigued by the fact that not only is this company backed by one of America's billionaire families, but included in its ranks of investors (with a multi-million dollar investment) is the Public Employees Pension Fund of one the USA's largest cities...!
R.T. Vanderbilt
Read quickly before they delete Techrobond from their product offerings:
http://www.rtvanderbilt.com/wwwprd/petro_2_b.htm
Maybe they should have applied for a bailout.. ;)
Guess the blue ribbon committee doesn't need anymore tax write offs...
Think they'll send me a can of grease?? :(
Intellectual Property?
In September, PLRO restated the value of its intellectual property to a few hundred thousand dollars.
They have been doing R&D at the University of Texas Arlington for over ten years. Is that all they have to show for it?
Have they been cheating the university or the stockholders, or have they been ripped off themselves?
What about the "blue ribbon" board of directors? Do the other companies where they serve know how incompetent they are?
Inquiring minds want to know.
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