EYPSF - ENERGY POWER SYSTEMS LTD Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : EYPSF - ENERGY POWER SYSTEMS LTD

EGY 3.455

-2.5%

3:19 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: blebovits who started this subject	3/11/2002 8:41:40 PM
From: StockDung	Read Replies (1) of 60

Stocklemon.com Follow up Report on Energy Power Systems (OTB: EYPSF) stocklemon.com EYPSF is like an onion, the more you peel it back, the more it stinks. In our last report, we compared EYPSF to Enron and to that we offer a sincere apology….to Enron. The head of the Enron Audit Committee was Robert Jaedicke, the retired dean of Stanford University's Graduate School of Business. One of the heads of Energy Power System's Audit Committee is Mr. Milton Klyman. Mr. Klyman is the former dean of "Do We Cheat Em' and How University." Not only is Milton Klyman on the audit committee of Energy Power Systems but he also a director of the company. Who is Mr. Klyman and how did he get involved in EYPSF? A brief bio of Milton Klyman is offered in the company's 20f filing "Milton Klyman has been a director of the Company from December 1997 to September 2000. Mr. Klyman was re-appointed a director of the Company April 2001. Mr. Klyman serves as a director on the boards of several companies including Agnico Eagle Mines Limited, Sudbury Contact Mines Limited, Black Mountain Minerals Inc., Academy Explorations Limited and Oil Springs Energy Corp. Mr. Klyman is a self-employed financial consultant and has been a chartered accountant since 1952. " Mr. Cassina and Mr. Klyman also sit on the board of Oil Springs Energy. That is the wonderful 2-cent stock of a company that sold some of its alleged oil properties to EYPSF (Please Read Previous Report for Further Details). Stocklemon's research has been able to draw a direct line between this EYPSF board member and a now defunct Canadian Brokerage Firm, which was expelled by the Ontario Securities Commission. Gordon-Daly Grenadier Gordon-Daly Grenadier was a notorious penny stock firm in Canada. They were shut down in the year 2000 for numerous violations of Canadian Securities Law. VIEW SOURCE During the period of 1996 to 1999 virtually all of Gordon-Daly's business consisted of it acquiring stock for its own account and selling that same stock to its clients. Gordon-Daly made over $31 million on this fraud played upon their clients. The original founder of Gordon-Daly Grenadier was Harry Bergman. Bergman then became a promoter, which used this firm to sell his stocks. The Ontario Securities Commission noted that there were 8 issuers for whom Gordon-Daly was market maker and Harry Bergman was the promoter. Guess who was the client of Gordon-Daly who helped orchestrate this whole scam? Milton Klyman. Mr. Klyman was a Director of ALL 8 of these companies and served as the President of one of them. Mr. Klyman is currently a director of Energy Power Systems. In his bio it mentions that he was a director of Black Mountain Minerals. Here is the true story of Black Mountain Minerals. Gordon-Daly acquired 5.1 million shares at an average of .70 a share Gordon-Daly sold all of its shares to its clients at an average of $1.91 Gordon-Daly accounted for 99% of reported trading in Black Mountain Minerals Black Mountain Minerals last traded on June 29, 2000 at $.20........as far as stocklemon knows it no longer trades. VIEW SOURCE Here is a list of some of the brokers at Gordon-Daly and their punishments as handed down by the Ontario Securities Commission. Stocklemon enjoyed a quote in the 20f filing of Energy Power Systems which reads, "In April of 2001 the Company asked Mr. Klyman to join the board of the Company in order for the Company to avail itself of Mr. Klyman's financial expertise and fulfill certain listing requirements of the American Stock Exchange." WHAT A JOKE!!! The only expertise Mr. Klyman brings is how to separate an investor from his money. What has he ever brought to the AMEX? It seems as if he would be more suited to get the company de-listed. VIEW SOURCE Stocklemon will continue to investigate Energy Power Systems and uncover more truths about this company. We encourage every shareholder to call Jim Cassina and ask him if this report is nothing but all true. Enjoy yourself as you hear Cassina trip on his own words. Stay Tuned for our next report on Energy Power Systems that will focus on their revenues and accounting procedures. Disclaimer: Stocklemon.com does not guarantee in any way that it is providing all of the information that may be available. We recommend that you do your own due diligence before buying or selling any security. At any times the principals of Stocklemon.com might hold a position in any of the securities profiled on the site. Stocklemon.com will not report when a position is initiated or covered. Each investor must make that decision based on his/her judgment of the market.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next