Light bulbs don't wear out if there is no slurry to make electricity to light them. Hey never need to be changed.
So, after a year with the receiver, what has been accomplished? Wiscon has a new chairperson, and the operating entity lost its business license? So, without a license, are they selling a lot of unregulated coal?
That was day 1 of Seiden's Syphon. Nearly a year later, what is there to celebrate? Not a single piece of actual company information has been released. We don't even know if Seiden's bills got paid, though they were approved.
-Just how has Chairman Sutter done in terms of transparency? He gets 0%.
-In terms of selling wet coal in China? I give him 0%, assignment incomplete.
-Operating profit? Another 0. Unfortunately, this is probably generous. I believe SCEI has at least a loss of $1.5 million loss in the past year. Maybe more. Perhaps $3 million. I do not see any possibility that SCEI has any loss smaller than
-STDs, I believe trips to Thailand are very dangerous and Ren should not have gone. To the extent Chairman Sutter and Ren are in bed with, or, sucking Seiden's 'ahem' Syphon, I believe they are in danger of acquiring the same affliction.
How's the last year been for all you shareholders?
I've come to talk with you again
Because a vision softly creeping
Left its seeds while I was sleeping
And the vision that was planted in my brain
Within the sound of silence
When SCEI went dark, this song started playing, and with only a few commercial breaks sponsored by chairman sutter, seiden's syphon and the 13 D-minus group, it continues.
It is really a perfect proxy for all things Chinese. No one asks or answers any questions. Seiden requests that his invoices get paid. Sutter seeks personal gain. The realization of transparency is forever abandoned.
So, chairman sutter, how is Ren in bed? Don't forget, he's been to Thailand...
Its not Jim Sutter's email list, but his bank account that you have to see in order to trade and profit from inside information.
How much has Chairman Sutter pocketed from these efforts? How much has Seiden taken?
Thanks AV and lbcb321. Appreciate the updates! (Much better than the updates from Seiden/Sutter, which do not exist).
By the way, how's the slurry business doing. Oil bottomed relatively recently. Is wet coal coming back too? Did the company BK in the interim?
What did the rest of you do this week?
They are going to buy a company from another company which doesn't own the company being purchased. That's a little weird.
That said, if it is real, Zacks will probably raise the price target to $20.
They had a 3-way with Ren. A moment none of them will never forget. Everything they had was disbursed and disseminated.
The special gift from Ren was when he divulged "that Thai thing."
A moment of inspiration came when Sutter said, "Hey, that's not slurry," when Seiden produced something unexpected.
Now, Ren and the highest levels of government in the people's republic are studying all kinds of slurry-like businesses, including anything they can work on together.
Just remember, the Federal court in Reno has jurisdiction over Nevada's legal brothels, but not over anything in China.
Anyone want to form a new 13D group to sue Sutter for malfeasance, failure to act in accordance with the court order, and other sundry indiscretions?
It seems SCEI is getting out of the slurry business.
Will Seiden (Robin Hood) and his merry men (Sutter et al), distribute proceeds from final production, or will they line their pockets with whatever scraps and crumbs they can pick up?
Has chairman Sutter found a girlfriend in Shanghai, or perhaps in Dongguan? Maybe he makes love to her behind the locked doors of the bk forfeited factory. The paper factory sharing the seized lot emits an odor, so no one would know.
Anyway, now that SCEI has announced they are following the leadership of mother China, Sutter seems likely to have far less direct responsibility. He can enjoy his time in the Middle Kingdom.
Should be fun to see his announcement after just a little more time:
Sorry. We shut it down. The company has nothing but bad debt and undelivered coal. I'm liquidating everything, but after payments to me, Seiden and the group, SCEI will be a valueless shell. We will work to eliminate the obligations through bankruptcy, and then put the shell on the market for $20k or so.
This seems to say:
1. Remember our last report, where we said it is too hard to compete against local slurry garages? We meant it, and now other fuel prices are down, so we have gone out of business.
2. Foreign investors don trust us, so we can't get any money.
3. The government, in all her communistic glory, is guiding us now. We will do whatever mother China wants.
4. Have a GREAT day.
Anything I missed?