From Rye Town Roundup
11/05/11 Rye Town Supervisor Joesph Carvin Is Planning To Rape The Environment
DIG BABY DIG:
Rye Town Supervisor Joe Carvin's Company Is planning On Profiting From Strip Mining Hydrocarbons From The Shale Of Uintah County, Utah
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If You Are Shocked At How Supervisor Joe Carvin Destroyed The Beauty Of The Rye Town Park Duck Pond, Then Just Wait Until You See What He Is Getting To Do To Utah
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When The Heartless Rye Town Supervisor Joseph Carvin Is Not Throwing Poor African Families Off Their Subsistance Farms He Is Planning On Strip Mining 3,000 Acres In Utah.
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In the banking and hedge fund world that Rye Town Supervisor Joesph Carvin operates in in life, it is often not what you know, but who you know.
Those like Joe Carvin, who are closest to the beating heart of investment banking will be the first to pick up the latest market-moving intelligence.
There is an intricate network of contacts that bankers have that operate to everybody’s mutual benefit – everyone except, of course, those living on main streets Of America.
It’s not a conspiracy, but it is a definite and perhaps inevitable consequence of grouping together so many similar, interconnected businesses and people, all working in the same, or related, industries in an incredibly small insulated investment banking and hedge fund world.
If all of this sounds depressing, it shouldn’t. It is simply a reality check.
It is up to investigative reporters to watch, assess and scrutinise – in short, they do their homework in order to protect honest hard working Americans.. Not just that, investigative reporters follow closely what secretive hedge fund honchos, like Joe Carvin,are up to.
A case in point is TomCo Energy, where share trading volumes have perked up and the stock is on the march.
This eagle-eyed independent investigative reporter is doing his due diligence have spotted that a company called Kenglo One owns almost 35 per cent TomCo’s equity.
This is one of the investment vehicles for Chris Brown, the former Williams de Broe analyst who made his fortune at London Mining. Forensic inspection of the share register throws up Rye Town Supervisor Joesph Carvin's Altima Partners, the private hedge fund which backed Brown in his early days.
Digging deeper we find out the company was a failed delisted company, that only was able to relisted on the London exchange after after Brown and Altima Partner's cash infusion.
Today the pumped up shares are changing hands for 2.37p – and have earned a tidy profit for those, like Altima Partners, who backed the cash call. To some this Altima Partner's investment seems a bit shady, pumping up a delisted stock and all.
The name TomCo is an abbreviation of The Oil Mining Company = TOMCO, and the clue is in the name. It plans to extract hydrocarbons from the shale of Uintah County, Utah.
In all, TomCo has almost 3,000 acres in the Beehive State. As this is a mining project it has a something called a JORC resource rather than proved and probable reserves.
Again, to some this Altima Partner's investment seems a bit shady pumping up a delisted stock and then promoting it with something called a a JORC resource rather than proved reserves.
Joe Carvin's Altima Partner's investment will strip-mine the oil shale and place it into ‘capsules’, using the EcoShale process which has been tried and tested on a pilot scale by Red Leaf Resources, its neighbour in Utah.
It works by using a stack of steel pipes, laid down in the capsule, through which is blown hot gas to heat up the oil shale.
Collection systems are placed at the top of the capsule for the gas, and at the bottom for the oil.
Over the 200-day process two synthetic oi l shale products are collected. A recent spike in the TomCo share price has been prompted by speculation that Red Leaf, which is mining the nearby Seep Ridge area using the same technology, is talking to one of the oil industry’s majors.
So some this Altima Partner's investment seems to be over hyped.
If this is indeed the case, then it places TomCo’s activities in a different light. However, it is merely speculation at this stage.
London firm, Optiva Securities says the Altima Partners is worth the current share and should trade at a 60 per cent discount to the net present value of its assets.
OUR VIEW: TomCo, Altima Partners and Joe Carvin's activities are risky at best. Altima Partners investment in a formerly delisted stock it is not for widows and orphans.
And remember, always do your own due diligence (don’t just rely on what I have said) and think twice and maybe three times in joining Rye Town Supervisor Joe Carvin's Altima Partners' investment in TomCo.
And don't forget that this is not the first time that Joe "The Harvard Educated Fool" Carvin lost other peoples money in an investment mining fiasco.
PLEASE SEE:
10/14/07 - Supervisor Wanna Be Joe Carvin And His Hedge Fund Altima Partners Gets Suckerd Out Of Millions In Tajikistan Gold Scam
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