The agreement can't come even close to $3M under the terms and here is the proof why that anybody can verify. Facts about the terms:
Common stock 119,662,805shares outstanding as of the date of this prospectus.
The purchase price to be paid by Beaufort will be equal to 72% of the Market Price of the common stock as determined under the EPA. We will be entitled to put to Beaufort on each put date such number of shares of common stock as equals 250% of the average of the dollar volume on the principal trading exchange for our common stock for the 10 trading days preceding the put date; provided that the number of shares to be purchased by Beaufort shall not exceed the number of such shares that, when added to the number of shares of our common stock then beneficially owned by Beaufort, would exceed 4.99% of the number of shares of our common stock outstanding.
What that all means at a 5 penny share price:
Beaufort would get the shares for 3.6 cents (5 x .72).
Beaufort can't own more than 4.99% of the outstanding shares. 119,662,805 x .0499 = less than 6M shares.
6 million shares at 3.6 cents = $216,000.
That is FAR LESS than the claimed $3M which is virtually impossible under the terms of the agreement. How far will $216,000 go?
Dieter's yearly salary - $80,000
Ana's yearly salary - $19,500
Rent 7,000 per month = $84,000 per year
The money is gone and here is what their SEC filings have to say about their capital needs:
"We estimate that within the next 12 months we will need $5,000,000 in cash from either investors or operations."
For them to keep claiming they are a manufacturer when they state in their SEC filings they have never manufactured anything and for them to claim they can now move forward with their business plan when they can't possibly come even close to raising the required $5M is a pure con job and scam. Verify their filings and see what liars they are!
Once more they claim to be a manufacturer in a PR when they have never manufactured anything and admit they are a development stage company in SEC filings:
"manufacturer of the patented WindCutter"
The SEC even called them out on this in the past so this isn't simply an oversight or poor choice of wording... it is blatant and conscious fraud.
"entered into an Equity Purchase Agreement with Beaufort Capital Partners, LLC, ("BCPLLC") a New York limited liability corporation to advance marketing and product launch and manufacturing capabilities."
Their SEC filings clearly state they will need $5M to be able to execute their business plan and this EPA won't even net them a few hundred thousand dollars as it is executed. It is a huge misrepresentation to even use the figure of three million dollars. They might as well say it is a $100M agreement. All that matters is what is available under the terms of the agreement and that is a small fraction of the $3M value they are conning people into believing.
"Sauer Energy will now be able to draw upon the maximum commitment of $3,000,000 (three million dollars)."
An absolute lie and more intentional, conscious fraud. They cannot draw upon the maximum commitment of $3,000,000. They can only draw a small fraction of it under the terms of the agreement since Beaufort is limited in the percentage of shares they can own and this 5 penny share price limits the total EPA to just enough money to pay Dieter and his wife with no money left over to execute a business plan.
"The equity line will result in established security for Sauer Energy to implement its plans for the launch of the WindCutter and, beyond that, to fortify the foundation for future revenues."
They restate the blatant lie when SEC filings clearly state they need $5M to implement their business plan and this agreement can only possibly net them a few hundred thousand dollars.
Please support REAL green companies and not frauds like this!
Yawn... the juvenile impersonation continues. Take any year, month, week and probably day you wish and count the posts ABOUT me and BY me. The posts ABOUT me usually run in the 3 to 1 to 5 to 1 range. I am the only thing giving this board "credibility". It would sputter out without me posting as the couple manipulators with all their aliases would have nothing to talk about.
SECURITIES EXCHANGE ACT OF 1934
Release No. 74818 / April 28, 2015
The U.S. Securities and Exchange Commission (“Commission”) announced the temporary
suspension of trading in the securities of the following issuer, commencing at 9:30 a.m. EDT on
April 28, 2015 and terminating at 11:59 p.m. EDT on May 11, 2015:
Jet Neko, Inc. (NEKO)
The Commission temporarily suspended trading in the securities of the foregoing company due
to a lack of current and accurate information about the companies because it has not filed certain
periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the
Securities Exchange Act of 1934 (Exchange Act).
My bug-out ability is almost complete. Bought a 2012 Pilatus PC-12 NG with less than 1000 hours on it. I'm instrument rated now and just need a little more training to be able to fly it myself.
There will come a day when the cities are all burning. Ferguson was nothing. Baltimore is nothing. The police and National Guard will abandon their posts when they are outnumbered 1000 to 1. It will be The Purge.
It doesn't surprise me that sletner is stupid enough to fall for a spoof ID. What is comical is there are multiples more posts ABOUT me than BY me on this board. Too danged funny.
Looks like he is still holding. He has been reduced to incoherent babbling. Probably lies under his bed during the day sucking his thumb in the fetal position wondering where his money went. Good thing mommy's basement only floods after heavy rains and he has gotten used to the musty smell by now.
=You wanted one you got one.
You continue to show how clueless you are as to how the markets work. Go to any REAL company ticker symbol. Click on Analyst Opinion. You will see a list of the REAL analysts at REAL firms that provide ratings for companies. Go to Hoovers, Zachs, etc and do some research on analyst ratings. Pump & dump websites are NOT "stock analysts" as is understood in our markets. They may purport to provide "analysis", but they are not STOCK ANALYSTS that give the ratings on stocks.
=Tell everyone why you disappear when ABAT price goes up
Preposterous. I have NEVER "disappeared" when ABAT stock price has gone up. Tell me one period when you believe this was true and I will go back and show you posts of mine. Once more, you keep lying about things anybody can verify and you can't back up.
=Value Engine is just one of 90.
OMG! You think a pump & dump website is an "analyst"! You have reached a new level of cluelessness!
I can't believe you really don't understand what ValuEngine is. Don't let ME tell you... read THEIR disclaimer. You don't need to go past the first sentence of what they tell you about the "research" they provide:
"SECTION IV: NO ENDORSEMENT OF ACCURACY/RELIABILITY INCLUDING LINKS
ValuEngine does not guarantee or endorse the accuracy or reliability of any market data or other information provided or displayed in connection with the Site and is not responsible for the truth, accuracy, or completeness of the information conveyed to you."
Did you catch that? Not responsible for the "TRUTH, ACCURACY, OR COMPLETENESS OF THE INFORMATION CONVEYED TO YOU." They tell you upfront they are lying to you and not giving you the TRUTH and you believe this is a legitimate site!
Seriously, sletner, you have shown yourself to be incredibly ignorant through the years, but this really does take the cake. So now we understand your 90 "analysts" you think are covering ABAT. You are such a sucker that you are on the email list for 90 different pump & dump newsletters and websites and you think these entities are "analysts".
I now believe you are also a stealth basher alias of one of the manipulators here who plays these people both ways. You do nothing but give me credibility when you give such outrageous claims that anybody can debunk. You have already admitted selling while conning others into buying your shares. You implore them to hold until $6 while you are dumping.
Oh well, nice investing strategy you have. Subscribe to 90 pump & dump newsletters and ride their coat-tails as they con the ignorant.
=A pump is non-factual. lbcb
Like your 65 analysts currently following ABAT and eleven of them have Buy ratings?
Irony is lost on you. Just name one of the analysts and the firm they represent.
sletner50 • Jan 24, 2014 8:47 AM Flag
$6.00 stock for .39 cents and the dummies have strong sell sentiment------why make their presence on this MB--------------worth the time and money!!!!!!!!!!!!!! Big money can be made
Nope... you never pumped this.
More great logic:
sletner50 • Feb 4, 2014 10:20 AM Flag
$6.00 stock for 36 cents, not on SEC list------must be a buy!!!!!!!!!!!!
sletner50 • Feb 4, 2014 3:15 PM Flag
$6.00 stock for 38 cents LOL!!!!! No chart will show $6.00. $6.00 is the hold too...... Due your DD
Here is a valid question for you. Do you believe it is ethical for you to keep imploring others to hold until $6 while you keep selling them shares under a buck during the pump & dump campaigns? You have a lot of nerve accusing others of anything while you are conning the ignorant. Your similar posts go on and on. Always telling others to buy and hold while you are the one profiting by selling them your manipulated shares. The posts are all there for all to verify. The latest scam from you is claiming there are currently 65 analysts following ABAT and 11 of them have a Buy rating yet you can't name a single one. What a joke you are. I wish the SEC would grow a pair and take all the conmen like you and sue you to disgorge trading profits from your pump & dump campaigns.
=I have never described ABAT as a great company
You merely stated they were a $6 stock. How come you sold for under a buck if they are a $6 stock? Gotta laugh at your logic. You bought a shaver with a non-ABAT battery; therefore, ABAT is a $6 stock. Makes sense.
I bought a shaver with a Lithium Ion Battery in it and have only charged it once since Fathers Day
by sletner50 • Sep 18, 2013 2:06 AM Flag
What marvelous technology. ABAT is a $6 stock.
sletner50 • Nov 30, 2013 12:53 PM Flag
lbcb-----So what!!!! Your information is old and out dated. Next week brings on new information-----stick your degenerated mind to that!!!!! ABAT is a $6 stock and that is why you are here!!!!!!
Worth the wait to get above 1 dollar....... target price $6.00
ABAT is next KNDI....by altaga47 •Dec 30, 2013 8:55 AM .
sletner50 • Dec 30, 2013 12:45 PM Flag
At .33 ------- buy and put away.
Like how you implore others to "buy and put away" while you dump shares to them while claiming it is a $6 stock.
=Why do you believe they will not report first quarter?
Ummm... because the deadline has passed.
=What other reasons or evidence do you have for that statement?
Do you own a calendar?
=lbcb.......you were wrong about the SEC.
Really? How was I wrong? I relayed over and over that I was told that the SEC doesn't like to act while there is legal activity playing out. I have also told you that one of the major problems with the SEC is that they act in an arbitrary and capricious way and there is no rhyme nor reason to the timing when they initiate actions. How can I be "wrong" in telling you that the SEC will act someday... we just don't know when.
The only question now is whether they will be suspended immediately or if you will be able to pawn your shares off on someone even more stupid than yourself for a dime when the revocation proceedings begin.
=You facilitated the transfer of ABAT to the Chinese
You are as delusional as twisty if you aren't the same person. Seriously, do you really not have anybody in your life who will do an intervention for you? It really is amazing how ill someone must have to be to still not be able to comprehend the difference between those who actually perpetrated the transgressions and who came in after the fact to warn others not to be conned by those who were too foolish to verify the facts. I don't have your money... Foo does. I didn't transfer the company to the Chinese... it always was owned by the Chinese, but you were too pig-headed to verify the Chinese laws. I tried to warn you that you didn't own any assets in China. That you don't own any company that produces any products. That you have zero recourse against those in China who defrauded you. You own shares in an empty shell of a holding company that were always worth only what a bigger fool would give you for them. They never had any intrinsic value.
Take a little personal responsibility for your own actions. You are the one who chose to stay in a fraud. You are the one who bragged about selling shares at .91 during one of the pump & dump campaigns. What a hypocrite you are to keep telling others what a great stock this is as you dumped shares to them
=Bashers facilitated the transfer of ABAT to the Chinese.
You are very sick. How can you continually blame those who REPORTED what ABAT was doing instead of blaming those who actually perpetrated the transgressions? I'll bet you blame Walter Cronkite for the Kennedy assassination. After all, he REPORTED it so he must be responsible. Who was the news-anchor you remember first hearing about the 911 attacks from? I'll bet you blame THEM for the attacks on that day.
The related party transactions where Foo enriched himself and his cronies happened while you were in blissfull ignorance. They didn't happen AFTER the VVR, Prescience and Kerrisdale reports. They didn't happen AFTER I began posting on this board. I understand your denial, but I am not an enabler for your mental illness... I confront it. When all is said and done, perhaps in hindsight you will see the big picture and understand the true cause and effect of what transpired. It is completely unfair for you to blame those who entered the picture AFTER the transgressions already happened for the fraud pulled by Foo and his cronies.
=My brokerage is a top 5 in the nation. That is all you need to know.
Let's make sure we understand this...
You have information from a top brokerage that there are ELEVEN analysts with BUY ratings on ABAT and you won't share this great news after all the years you have pumped this? You FINALLY have something that anybody should be able to easily verify since it is from a major brokerage yet all of a sudden you want to keep this great news secret?
=You do not have to punish honest investors because of your poor decisions
LOL! I am only "punishing" those who con others through lies and misrepresentations. How could I be so evil as to "punish" you by asking you to back up what you say and post the supporting documentation for your claim.
11 analysts with a Buy rating on ABAT and you won't name a single one. And you wonder why you have a credibility problem. By the way... why did you sell ABAT shares while imploring others to keep buying as this was surely going to $10 or more? I have been both long and short and gave the basis for my trades here. I have never blindly pumped when I was long or bashed when I was short. My opinion has always been consistent and I back up what I say.
Still waiting for that major brokerage disclosure so we can verify these 65 analysts they say are covering ABAT. Methinks it isn't a "brokerage" at all and it is user ratings or something similar from Yahoo, iHub, Motley Fool or something similar. Just be honest and let the truth set you free.
=My brokerage updates analyst counts every 90 days.
Which brokerage? You should be wanting to get this information out to as many people as possible. You are claiming ABAT has more analysts covering them than any Fortune 500 companies I have seen. That is great news for you. Just list the brokerage where we can go to see all these great analyst reports regarding ABAT.
Or... you could be fibbing just a wee bit. Instead of "analysts", are they really talking about "users" on a public website? Are you talking about Motley Fool user ratings or some such nonsense? Here is your big opportunity to show how clueless I am. We will eagerly await your disclosure of which brokerage currently lists 65 ANALYSTS covering ABAT.
=90 days ago 81 analyst covered ABAT. AS of today 65 analyst cover ABAT.
Gee, yet you cannot even name ONE analyst covering ABAT and the firm they represent. Case closed. You are delusional.
=I have access to much more information than you
Doubt it. The way you pumpers manipulate and twist irrelevant information trying to imply it is about ABAT, if you had any REAL information you could provide... you would be shouting it from the rooftops and posting it every day along with the links to verify it. Once more... ANYBODY can google abat analyst and find the sites that post ALL the analysts covering stocks. The last comment by any analyst on ABAT was on 11/22/2010. Go on, people, verify it for yourself and then ask yourself if you should believe ANYTHING from sletner.
Good to see Sutter is still monitoring this board and getting his advice from me. I gave him much better advice initially on which statute to sue under and he could have saved a lot of time and gotten things done properly the first time.
"If Seiden claims to be the receiver who is looking out for shareholders then tell us why he hasn't paid the $550 to get their Nevada registration current instead of in default status. How come he hasn't replaced Ren and the others who are STILL listed as the legal directors of Sino Clean Energy?
Does Seiden even have any claim to ask for an extension since the company has defaulted on their Nevada charter? There is no more legal entity for Seiden to control."
I even know what they need to do next, but we'll see if they catch on or if I have to guide them further. This really is comical how inept they have been throughout this process. Perhaps that is by design. They know they can't do anything substantive so it sure looks like they are just giving the APPEARANCE of doing all this for shareholders while they enrich themselves.
=The real villain is the SEC
Partially. The REAL villain is a lack of PERSONAL RESPONSIBILITY and GREED.
Isn't it amazing how people can have all the evidence available to them to verify yet they would rather remain delusional while calling those who took the time to enlighten them "bashers" and worse? Then when the obvious finally transpires, they are quick to blame everybody and every institution other than themselves. It was THEIR GREED that caused their behavior.
If you don't know enough to stay away from a Grey Market penny stock that is a proven fraud then there is nothing the SEC can do to protect you from yourself. Deal with it and move on wiser.