Has joined our group. He is an accountant and is going to properly break down the filed financial reports. He can on board thanks to Snacky!!!!! He loves truth, honor and respect. Stay tuned the financials will be broken down for us - we'll all see just how exactly G8 money was spent and finally put an end to the fraud, malicious claims, defamation and a painters analysis of our statements. He has asked wolf questions and has not received any replies. Stay tunned.....
This may help to get you started and he is doing it for FREE!!!!!!!!! No tricks, no deceit, no shares.....wow!!!!
reposts:
I spent the weekend with another shareholder reviewing numbers and other material on G8's-website. This is to direct shareholders to SEC filings for G8. I don’t do work for free, you can figure it out.
We came up with a few misleading and false statements:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001040227&owner=exclude&count=40\
These statements are false:
Look at all the filings, including the one from G8 shareholder’s lawyer. It doesn’t take a rocket scientist to figure out the compensation to board member’s totals close to 50%, this is not even Branconnier and does not include audit fees or legal fees:
Not True.
1. Global 8 Environmental Technologies has paid out in consulting fees upwards of 80 percent of invested capital in recent years, most of which went to private companies owned or controlled by Rene Branconnier, and
Check out the S.E.C. filings 10Q and 10K’s, as well as the 8K filings:
Not True.
3. Until October 16 2009, Global 8's operations were controlled by its "manager" Rene Branconnier, his immediate family and close business associates, and
Not true. Check out management, 10K filings, 10Q filings, 8K filings, news releases and all exhibits.
Not true. Check out management, 10K filings, 10Q filings, 8K filings, news releases and all exhibits. Officer and directors have fiduciary duties; they can’t bait and switch their personal responsibility. Recall Enron attempting to blame professionals and lower end employees for their work. Directors and officers ended up behind bars. If there were any fraudulent activity, we shareholder’s can go after passed directors/officers .
The Company has just come out from a period of years during which a single officer, functioning without oversight, was able to set his own, exorbitant, compensation levels. This compensation crippled the Company and left it insolvent. This resolution may or may not be the perfect approach to controlling officer misconduct, but if adopted will send a reassuring signal to investors that the Company is a good risk for investment.
The Company was called Duro Enzymes, it changed its name to Organic Recycling and G8. See S.E.C. filings for meeting information. The Company was called Duro Enzymes, it changed its name to Organic Recycling and G8.
Not true.
Hiring skilled management will follow deliberations of the Board of Directors to be elected in the coming shareholders meeting, the first in the Company’s history, and recapitalization (if that is the decision of the new Board).
As of July 01st, Company must comply with new Sarbane Oxley legistlation. The procedures will cost 100-200k to comply. The company must have whistle blower complaint operations set up, and other legal restrictions. G8 has none. Consultants (Ferreira, etc.) do not fall under the whistle blower protect act, as are self-employed. I note Ferreira states he was an employee, clearly perjuring himself - Julia Ferreira (aka: Sphaera International).
NO warrants were issued prior to 2006 (see SEC FILINGS). In 2007 the Company issued warrants (See below). Millions of warrants were exercised. Question/and or did Hawkins perjure himself? Maybe it is he who is hiding something? Did Madoff send his accountant back in to fix up his accounting records (lol).
Pounce careful girl, Mbaines has it out for you - I guess he's never had a lady stand up to him. It is common practise when he gets mad he uses his position at the Vancouver Sun to write Bogus stories and seek revenge...careful girl. Nothing like yellow journalism to seek revenge and intimate through the press. Have you notice MBURNS (MBAINES) hasn't posted? He must be writing like a mad man.
I'm tired of hearing the crap, just go to the source and check out the truth:
https://www.sec.gov/Archives/edgar/data/1040227/000135601808000049/formka.htm
I dunno, do these guys really think we are that stupid?
Did you notice Daniel Wolf is using the wrong court number to file his documents. What does this mean? We can't see what has been filed (compensation, etc.) The court filing ends with a B and not an 8, guess it was just a mistake? or one of his many games.
EXHIBIT 23.1
CONSENT OF THE INDEPENDENT AUDITOR
As the independent auditor for Global 8 Environmental Technologies, Inc. (formerly Organic Recycling Technologies, Inc.), I hereby consent to the incorporation by reference in this Form 10-K Statement of my report, related to the audited financial statements and financial statement schedules of Organic Recycling Technologies, Inc. as of September 30, 2007 and the related statements of operations, stockholders' deficit and cash flows for the year ended September 30, 2007. My audit report was dated January 7, 2008.
/s/ Hawkins Accounting
Los Angeles, CA
January 9, 2009
In connection with the common stock subscription agreements, the Company had issued warrants to purchase 39,959,475 shares of common stock expiring twelve months from the issuance of the common shares. During the year ended September 30, 2008, warrant holders exercised 1,439,443 of their warrants. The Company extended the terms of the warrants expiration date by twelve months from the date of issuance. Warrants outstanding at September 30, 2008 are as follows:
|
Exercise Price
|
|
Warrants Issued
|
|
CDN
.10
|
|
10,000
|
|
CDN
.25
|
|
810,000
|
|
CDN
.35
|
|
470,000
|
|
CDN
.65
|
|
55,000
|
|
CDN
.75
|
|
220,500
|
|
CDN $1.00
|
|
196,207
|
|
US
.08
|
|
10,000
|
|
US
.28
|
|
4,000
|
|
US
.30
|
|
1,223,583
|
|
US
.35
|
|
3,034,000
|
|
US
.40
|
|
114,550
|
|
US
.50
|
|
2,775,626
|
|
US
.55
|
|
755,743
|
|
US
.60
|
|
2,728,723
|
|
US
.66
|
|
220,000
|
|
US
.70
|
|
2,027,652
|
|
US
.75
|
|
21,390,901
|
|
US $1.00
|
|
586,018
|
|
US $1.25
|
|
24,972
|
|
Total
|
|
39,959,475
|
WOULD YOU EXERCISE WARRANTS WHEN THE STOCK IS TRADING BELOW THE WARRANT PRICE? SOMEONE HAD 20,000 shares but didn't exercise. Considering their wer 36,977,206 above the market strike price. (lol)
No warrants were exercised or expired in the quarter. At March 31, 2008, a total of 36,977,226 warrants remain unexercised. The fair value of the warrants issued during the quarter, at the time of issuance, was immaterial based upon the Company's calculations using the Black Scholes model. The Company extended the terms of the warrants expiration date by twelve months from the date of issuance. The remaining warrants outstanding at March 31, 2008 are:
|
Exercise Price
|
|
Warrants Issued
|
|
CDN
.10
|
|
10,000
|
|
CDN
.25
|
|
810,000
|
|
CDN
.35
|
|
470,000
|
|
CDN
.65
|
|
55,000
|
|
CDN
.75
|
|
220,500
|
|
CDN $1.00
|
|
196,207
|
|
US
.08
|
|
10,000
|
|
US
.28
|
|
4,000
|
|
US
.30
|
|
4,523,583
|
|
US
.35
|
|
3,034,000
|
|
US
.40
|
|
114,550
|
|
US
.50
|
|
2,775,626
|
|
US
.55
|
|
755,743
|
|
US
.60
|
|
2,728,723
|
|
US
.66
|
|
220,000
|
|
US
.70
|
|
2,027,652
|
|
US
.75
|
|
18,408,652
|
|
US $1.00
|
|
586,018
|
|
US $1.25
|
|
24,972
|
|
Total
|
|
36,977,226
|
Report of Independent Registered Public Accounting Firm
Hawkins Accounting
Certified Public Accountant
Audit . tax . consulting
To the Board of Directors and Shareholders
Organic Recycling Technologies, Inc.
Orangeville, Ontario
I have audited the consolidated balance sheet of Organic Recycling Technologies, Inc. as of September 30, 2007 and the related consolidated statements of operations, stockholders’ deficit and cash flows for the two years then ended. These financial statements are the responsibility of the Company’s management. My responsibility is to express an opinion on these financial statements based on my audit.
I conducted my audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. I believe that my audit provides reasonable basis for my opinion.
In my opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Organic Recycling Technologies, Inc. as of September 30, 2007, the results of operations and it's cash flows for the two years ended September 30, 2007 and 2006 in conformity with generally accepted accounting principles in the United States of America.
The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 7 to the financial statements, the Company has incurred net losses since inception, which raise substantial doubt about its ability to continue as a going concern. The Company has a working capital deficiency of $3,564,688, a net loss of $3,120,011, and a shareholders’ deficit of $3,555,190. The financial statements do not include any adjustment that might result from the outcome of this uncertainty.
Los Angeles, CA
January 7, 2008
1875 Century Park East #H-3513 Los Angeles, CA 90067 (310)-553-5707 FAX (310)-553-5337
hawkinsaccounting1880@yahoo.com
- 7 -
No Warrants were issued prior to 2007.
Time Time Time, Ticken Ticken Ticken ...........Don Henley, ORACLE 777 IS STILL HERE!
Daniel Wolf = Tik Tack = unprofessional, unethical behavior.
Its not the Hallelujah you would hope for (cash for your probono)...or extorting shareholders for excessive fees. So Mr. Wolfe, how does it feel to have your pants hanging down to your angles? Caught red handed I'd say. Why don't you answer our previous questions instead of playing games and bait and switching everything. Shareholder's are tired of your games and want you to get lost. As a shareholder, I won't be paying you a dime for your time!!!!!! You say you've done this for free? Ha,ha more like you've billed for hundreds of thousand of dollars, G8 only has $24.00 and can't pay you. Tell shareholders how much you have billed them! Tell them that you haven't been paid! Go ahead tell the truth for once in your squatter life. Roy ask him???You'll be paying us for what you have done to OUR company. The proof is in the puddin.
Repost from Tik Tock
Original Message --------
Subject: Re: Fundraising & Investors: A request of Julio
From: "Daniel H. Wolf" <daniel.wolf86@post.harvard.edu>
Date: Thu, October 22, 2009 9:33 pm
To: Tad Simmons <tsimmons@greensourceweb.com>
Cc: Julio Ferreira <julio.ferreira@g8et.com>
I completely agree.
Dan
Tad Simmons wrote:
> Julio,
>
> We now have complete control of the company. We have to get some
> money in the bank. We have to share with people that this is a
> "shell" with a plan. The presentation, you have now. I'll send you a
> new version immediately, but it shows basically what the plan is. Can
> you convince anyone to put a few thousand or a few hundred thousand
> into the company? We'll use this to further solidify the position of
> the company and we will announce our great improvements to the market,
> then perhaps we can get the stock price to turn around and authorize
> more shares when the time is right. We shouldn't sell stock out of a
> crisis situation, not when we are pressured into doing so.. if we
> could even get a filing out the door.
>
> Investing in this company seems like a good opportunity for someone
> who believes you will do good things with their money, but knows Dan
> and Tad are here with you to manage developments.
>
> Is there someone you can think of who would put in a few hundred
> thousand at this time?
>
> Tad
>