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TOPIC: WRII

WRII 10 years 7 months ago #1274

  • sonslong
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[PALTQ - Shell Company]
PALTQ (.18)

Outstanding shares 3,997,000 as of Oct 14, 2002

Authorized shares 10 million

What happens when a Beverly Hill Brokerage owned by one of the Nations largest life insurance companies teams up with a High Profile reverse merger specialist?

Imagine if the shell they used for the reverse merger only had 3.9 million shares outstanding. That's exactly what's happening with PALTQ. Senior VP for ML Stern & Co. buys $50,000 worth of PALTQ on the open market during the summer. Then magically Michael Anthony reinstates the shell a few weeks ago. Something big is up here. They paid almost .20 per share to buy 6.25% of PALTQ. Did PALTQ just exit bankruptcy and now ML Stern & Co. and Michael Anthony have big plans?

SCHEDULE 13D Pallet Management Systems Inc.(PALTQ)
Filed July 10, 2007. (4,000,000 total shares OS)

NAME OF REPORTING PERSONS Michael Karp.
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 250,000
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.25%


Mr. Karp is a Senior Vice President at M.L. Stern & Co., LLC,
8350 Wilshire Blvd.,Beverly Hills, CA 90211, United States of America. Beverly Hills Stock Broker ML Stern & Co, owned by one of the ten largest life insurance companies in the nation.
A subsidiary of Pacific Life Insurance Company, www.mlstern.com/

Transactions effected during the past sixty days: Mr. Karp acquired following shares of PALTQ.

60,000 shares on June 15, 2007 at $0.105 per share,$6300
7,300 shares on June 15, 2007 at $0.11 per share,$803
5,000 shares on June 18,2007 at $0.15 per share,$750
20,266 shares on June 18, 2007 at $0.17 per share,$3455
5,000 shares on June 18, 2007 at $0.18 per share,$900
5,000 shares on June 18, 2007 at $0.19 per share,$950
30,000 shares on June 18, 2007 at $0.20 per share,$6000
35,000 shares on June 19, 2007 at $0.25 per share,$8750
2,434 shares on June 19, 2007 at $0.26 per share,$633
5,000 shares on June 20, 2007 at $0.22 per share,$1100
46,150 shares on June 20, 2007 at $0.25 per share,$11,537
28,850 shares on June 21, 2007 at $0.26 per share.$7501

Detail by Entity Name
Florida Profit Corporation PALLET MANAGEMENT SYSTEMS
Last Event REINSTATEMENT Event Date Filed
10/25/2007
Name & Address
Title PVD
ANTHONY, MICHAEL
330 CLEMATIS STREET, STE 217
WEST PALM BEACH FL 33401 US
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WRII 10 years 7 months ago #1271

  • bullcents
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[WRII]
Hey,

I've been wondering about Waste Recovery, Inc. (WRII.PK)

Technically, WRII wasn't a shell to begin with. The initial owner of the company, Jesse Rodriguez, filed Form 15 (12g), deregistering WRII's reporting status. Rodriguez then filed Regulation D Exempt, I assume to legitimize the sale of the company to DR Entertainment, currently managed and operated by Robert Susnar.

I've been surfing different forums, and most continue to bash this stock even though it's a perfectly legitimate company. The company has recently issued a disclosure form about the company which can be viewed on the Pinksheets, LLC website.

At this point, even considering the above information, the stock price continues to drop...and I'm at a loss for words. Does anybody out there have any useful information pertaining to this company or regarding any of its SEC filings? Thanks. :-?
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