Clarifying the Global 8 Environmental Technologies situation for shareholders(Editor's note: The battle with Rene Branconnier will undoubtedly continue regardless of who wins the election tomorrow. The following analysis by financial advisor Robert Nish, who sold G8 private placement shares in Fort McMurray 2007-2009, probes into some of the underlying issues.) Good day fellow shareholders of Global Eight Environmental Technologies (G8ET).Thank you in advance for taking a few very important minutes to read this email.I hope it provides clarity amongst various other long emails you have received. I have been very close to this whole saga since the Fall of 2007, and given all of the accusations and various names being thrown around, it is has created a very confusing situation.While some parties are working very hard to make this company successful, others have only intent to confuse us fellow shareholders as to who is who, and who has done what. It is especially important to sort these 2 parties out due to the shareholders meeting coming up Oct 7, and thus the reason for my email.I am going to avoid here-say and give you only FACTS, 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 of an office in Fort McMurray which was sharing office space with G8ET. The representative occupying the office at that time was Chad Burback, who had served in the company since its inception and eventually became the CFO of the company until his resignation in Oct 2009. Many of you receive emails and possibly phone calls from him. I worked extremely close with him and referred many people to invest with him. I eventually became an officer of the company myself and helped promote the company and process shareholder investments.FACT:At that time, I knew that Chad and Rene Branconnier were involved in a company previously named Thermo Tech which had had numerous plants operating in Canada in the waste to energy field. Organic Recycling (which was the name at that time, which changed to G8ET) was a new venture. With the shares of G8ET low because they hadn't started a project yet, and the prospect of being involved prior to developing, seemed like a good investment opportunity, the same one recommended to essentially everyone else.It was a good story, unfortunately that’s all it has turned out to be, from that management group under Chad Burback and Rene Branconnier.FACT:The following projects were touted by Chad Burback to be starting very soon, among many others talked about. These are 3 of the major ones which had news releases associated with them:China Wind Farm,Golden Bear (Arctic resource environmental management)Ambrose Group purchase of various recycling facilities in Ontario.FACT:NONE of these projects ever came to fruition or were completed past a very initial stage. The closest was the Ambrose Group where a letter of intent was released.FACT:Under Rene Branconnier and Chad Burback management ,the company generated
in revenue, every single year, despite bringing in millions from shareholders.FACT:In 2009 under Rene and Chad's management, the stock value had dropped from a yearly high of 60 cents to 7 centsFACT:In October 2009, Daniel Wolf asserted recourse for the company due to professional obligations as a Board Member and Chad Burback resigned as CFO. At that time, under Chad and Rene's management, there was $24 left in the company bank account.Upon finding this information out, some red flags were raised for me personally, as I had assumed the company was flush with money; as I had personally watched $200,000-$400,000 month over month of shareholder investment, flow into the company through private stock placements.FACT:At this point, Rene and Chad convinced a group of shareholders to legally try to remove Daniel Wolf from his position, and force a court ordered Shareholder meeting, which is scheduled a few days from now. What I proceeded to find out to my disappointment, the following:FACT:In the years since the company started, close to $30 Million dollars was brought in to the company through private placements under the management of Chad Burback and Rene Branconnier(who never held an official position in the company due to securities restrictions, but was the founder and major shareholder, and retained operational control).FACT:in the fiscal year 2009, approximately $3 million out of $4 Million dollars of G8ET shareholder money, meant for the company, was approved to flow from the company account to Rene Branconnier’s various private companies.Upon learning this, at this time, I became very quiet, not speaking to many people, but closely observing the actions on both sides.This is what I have observed:FACT:The past 4 companies that Chad Burback and Rene Branconnier have been involved 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 the activity of G8ET while under the management of Chad Burback and Rene Branconnier.FACT:A group of shareholders and board members (Daniel Wolf, Tad Simmons, Roy Hales, Rick Bosiak, John Thomas, Ted Dreger, Nora Rose, Bernice Church among others) who in many cases have a six figure investment in the company prior to Oct 2009, have taken it upon themselves, to ensure their investments are given the best chance for recovery and profit.FACT:Under heavy legal pressure, and with little to no further shareholder dollars flowing into the company, (as opposed to when Chad and Rene were managing) this above named group, has created a deal with Wheatware Inc, which looks to bring a sizable revenue into the company over the next few years. You can read about it, and other business the company is looking to get involved in at
www.g8et.comFACT:This same group, and virtually anyone who speaks out against Rene Branconnier and Chad Burback, have been subject to public character assassination and defamation, in multiple propaganda pieces, emailed through a guise of the plaintiff shareholder group.FACT:After observing this for a year and half, I have withdrawn my name as a plaintiff in this scheme, as I do not agree with the business ethics that Rene Branconnier and Chad Burback continue to perpetuate.FACT:In our shareholder meeting scheduled Oct 7, we will be voting for a slate of candidates for a new board of directors, a slate put forward by the same Rene Branconnier and Chad Burback who produced
revenue for the company in 7 years after taking in approximately $30 million dollars;versus: a slate put forward by a true representation of Global 8 Shareholders, which has fought for the 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 DregerAt this point, due to lack of proxies being approved for the shareholder meeting, it is not fully known, if voting is possible without physical attendance in Las Vegas; but there may be a development to watch out for.But it is very important that you know the FACTS about what has been going on and watch closely, as your vote and input can be IMPORTANT.Thank you for your attention, I hope this clarifies some information for you so you can come to your decision about the best way forward for Global 8 Environmental Technologies.Sincerely,Robert J Nish