GREY:GBLE - Post Discussion
Post by
G8Shareholder on Oct 06, 2011 12:59am
Here's a BIG SURPRISE!
Clarifyingthe Global 8 Environmental Technologies situation for shareholders
Good day fellow shareholders of Global EightEnvironmental Technologies (G8ET).
Thank you in advance for taking a few veryimportant minutes to read this email.
I hope it provides clarity amongst various otherlong emails you have received. I have been very close to this whole saga sincethe Fall of 2007, and given all of the accusations and various names beingthrown around, it is has created a very confusing situation.
While some parties are working very hard to makethis company successful, others have only intent to confuse us fellowshareholders as to who is who, and who has done what. It is especiallyimportant to sort these 2 parties out due to the shareholders meeting coming upOct 7, and thus the reason for my email.
I am going to avoid here-say and give you onlyFACTS, so that you will understand what I have observed over the past 4 years,so that you can make your own informed decision.
FACT: My involvement began in the Fall of 2007 when I started working out ofan office in Fort McMurray which was sharing office space with G8ET. Therepresentative occupying the office at that time was Chad Burback, who hadserved in the company since its inception and eventually became the CFO of thecompany until his resignation in Oct 2009. Many of you receive emails andpossibly phone calls from him. I worked extremely close with him and referredmany people to invest with him. I eventually became an officer of the companymyself and helped promote the company and process shareholder investments.
FACT: At that time, I knew that Chad and Rene Branconnier were involved in acompany previously named Thermo Tech which had had numerous plants operating inCanada in the waste to energy field. Organic Recycling (which was the name atthat time, which changed to G8ET) was a new venture. With the shares of G8ETlow because they hadn't started a project yet, and the prospect of beinginvolved prior to developing, seemed like a good investment opportunity, thesame one recommended to essentially everyone else.
It was a good story, unfortunately that’s all ithas turned out to be, from that management group under Chad Burback and ReneBranconnier.
FACT: The following projects were touted by Chad Burback to be starting verysoon, among many others talked about. These are 3 of the major ones which hadnews releases associated with them:
China Wind Farm,
Golden Bear (Arctic resource environmentalmanagement)
Ambrose Group purchase of various recyclingfacilities in Ontario.
FACT: NONE of these projects ever came to fruition or were completed past avery initial stage. The closest was the Ambrose Group where a letter of intentwas released.
FACT: Under Rene Branconnier and Chad Burback management ,the companygenerated
in revenue, every single year, despite bringing in millions fromshareholders.
FACT: In 2009 under Rene and Chad's management, the stock value had droppedfrom a yearly high of 60 cents to 7 cents
FACT: In October 2009, Daniel Wolf asserted recourse for the company due toprofessional obligations as a Board Member and Chad Burback resigned as CFO. Atthat time, under Chad and Rene's management, there was $24 left in thecompany bank account.
Upon finding this information out, some redflags were raised for me personally, as I had assumed the company was flushwith money; as I had personally watched $200,000-$400,000 month over month ofshareholder investment, flow into the company through private stock placements.
FACT: At this point, Rene and Chad convinced a group of shareholders tolegally try to remove Daniel Wolf from his position, and force a court orderedShareholder meeting, which is scheduled a few days from now.
What I proceeded to find out to mydisappointment, the following:
FACT: In the years since the company started, close to $30 Million dollarswas brought in to the company through private placements under the managementof Chad Burback and Rene Branconnier(who never held an official position in thecompany due to securities restrictions, but was the founder and majorshareholder, and retained operational control).
FACT: in the fiscal year 2009, approximately $3 million out of $4 Milliondollars of G8ET shareholder money, meant for the company, was approved to flowfrom the company account to Rene Branconnier’s various private companies.
Upon learning this, at this time, I became veryquiet, not speaking to many people, but closely observing the actions on bothsides.
This is what I have observed:
FACT: The past 4 companies that Chad Burback and Rene Branconnier have beeninvolved in (Thermo Tech, G8ET, Canadian Alternative Resources, and Diagogo)have all come under cease trade orders, by various securities commissions,under their management.
FACT: There are various security commission and RCMP investigations into theactivity of G8ET while under the management of Chad Burback and ReneBranconnier.
FACT: A group of shareholders and board members (Daniel Wolf, Tad Simmons,Roy Hales, Rick Bosiak, John Thomas, Ted Dreger, Nora Rose, Bernice Churchamong others) who in many cases have a six figure investment in the companyprior to Oct 2009, have taken it upon themselves, to ensure their investmentsare given the best chance for recovery and profit.
FACT: Under heavy legal pressure, and with little to no further shareholderdollars flowing into the company, (as opposed to when Chad and Rene weremanaging) this above named group, has created a deal with Wheatware Inc, whichlooks to bring a sizable revenue into the company over the next few years. Youcan read about it, and other business the company is looking to get involved inat www.g8et.com
FACT: This same group, and virtually anyone who speaks out against ReneBranconnier and Chad Burback, have been subject to public characterassassination and defamation, in multiple propaganda pieces, emailed through aguise of the plaintiff shareholder group.
FACT: After observing this for a year and half, I have withdrawn my name as aplaintiff in this scheme, as I do not agree with the business ethics that ReneBranconnier and Chad Burback continue to perpetuate.
FACT: In our shareholder meeting scheduled Oct 7, we will be voting for aslate of candidates for a new board of directors, a slate put forward by thesame Rene Branconnier and Chad Burback who produced
revenue for thecompany in 7 years after taking in approximately $30 million dollars; versus: a slate putforward by a true representation of Global 8 Shareholders, which has fought forthe survival of this company and looks to bring it back to good standing,adequate share value and profitability.
This slate includes: Daniel Wolf, Tad Simmons, Roy Hales, Rick Bosiak, John Thomas, Ted Dreger
At this point, due to lack of proxies beingapproved for the shareholder meeting, it is not fully known, if voting ispossible without physical attendance in Las Vegas; but there may be adevelopment to watch out for.
But it is very important that you know the FACTSabout what has been going on and watch closely, as your vote and input can beIMPORTANT.
Thank you for your attention, I hope thisclarifies some information for you so you can come to your decision about thebest way forward for Global 8 Environmental Technologies.
Sincerely,
Robert J Nish
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