Does anyone have any info on the two owners James Stephenson and Wayne Stripp? Both, it seems, have been mainly idea guys and we have not found any record of operating a large or growing company.
My friend has considered the Sunx investment and has spoken with others who have toured their facility - the internet sure makes this easy. I have invested in several energy solutions so he came to me and asked for my advice. The following observations were made during the tour(note that this is all 3rd-party info - neither of us were there but the number of similar experienes lend credibility):
1. Their plant was not operational and during a tour guests were told the plant was down to allow visitors access without masks. It was suggested that an observation window might have been easier than shutting down production.
2. The large methanol "butler" building was outside and the owners seem to know very little about how the biodiesel is made and deferred such questions to their technical staff who were not available.
3. Two administrative staff have had their offices set-up in the production area making it unlikely the plant will/has ever produce(d) biodiesel.
4. Generic questions about the logic-controller (a technology readily available in other biodiesel operations) revealed a lack of understanding about the unit and its availability. Guests were assured the right people are working on it.
5. A patent pending process to grow large quantities of algae indoors appears to be what separates Sunx form the competition. Conceptually, the idea of a bioreactor to grow algae is decades old and perhaps the real challenge for Sunx is the design of a system that can produce the large capacity required to make their model work. Perhaps they have succeeded in this. It should be noted that most large capacity biodiesel producers are pursuing the same course.
For investors like my friend, producing 1-2 million gallons of algae oil is not a problem as there are two off-the-shelf systems available today - one in the UK and the other in Germany and both are relatively inexpensive. These systems are largely plug-and-play so volume is a simple matter of space, light, and money (OK, not so simple)
This opportunity has a noble and ambitious vision for energy production. It lacks substance (but it is still early so that is normal) and the owners could have packaged the opportunity more thoroughly; a working plant, a staffer versed in the technology should be at their discovery sessions, and the owners need to find someone very quickly to run the business. Oh, and I should mention A WORKING PLANT!
I am tempted to tell my friend not to invest at this stage and pursue his biodiesel plans on his own - though a trip to Vancouver to get out of these never-ending midwest winters is always worthwhile.
If anyone has better information, please let us know.
Newco
84 comments:
Yes I went up to Vancouver and what you say is true. I have not been able to find anything out about Sunx Energy yet though. Funny no one seems to know anything about them. Have you been able to find anything yet? They say the reason they can not tell you more about the business is becuase they are going to offer an IPO and can not disclose any information.
One small problem your friend has if he went to the tour in Vancouver. He must have signed a non-compete agreement if he went there so he can not compete against them for 5 years.
GB
Thank you for your reply. We have found nothing on either owner beyond Mr. Stephenson having authored several generic business books.
The non-disclosure would never survive the standard of "reasonableness" in US courts. In any event, my friend has signed nothing.
We are a little curious how they were planning on securing a 5-yr contract with customers without an established facility, a volitile energy market (they will have to use feedstock for at least a year) and with blenders already buying from local producers. Puzzling.
I haven't been to vancouver like you guys did but I did talk to SUNX energy sales person. They do mention verbally, deposit of $25000 is refundable anytime but not mention inthe contract. Also, i did showed the contract to a lawyer and lawyer mention contract doesn't seems to protect me if i signed it as they are international company and doesn't have any consumer rightsmention inthe contract as per US FTC. If you guys find anything more let me know
Thank you, Jigar. Apparently I have a little time on my hands so I started snooping around and learned a lot about photoreactors/ bioreactors - this is apparently the key to the Sunx model. After speaking with two biologists and a physiscist who has worked with GreenFuels, it seems that the costs to set up a large scale reactor is currently far more expensive than buying virgin oils. The industry effort -yes, there is an entire industry looking at algae, is focused on large-scale algae reactors. Green Fuels who already have a reactor in operation for carbon cleaning are still working out the bugs.
Newco
Have anyone sign a contract with them and been to the training? Does anyone have a lawyer involved in this process of buying the SUNX plant?
Have anyone sign a contract with them or visited the site recently. Please post the comments. Thanks
My husband is currently researching SunX. I'm growing suspicious because they ask for a considerable amount of money before they release information and information is required to determine if the business is viable and whether or not this is a scam. He has not visited Vancouver at this point.
I recently spoke with several companies who have working photo bioreactors and despite feeling encouraged that it is very possible to produce the right type of algae they point out a couple of realities.
For ever kilogram of algae dry mass (assume 45% of that dry mass will become oil) you need
1.7kg of CO2, 20-30L water (22-35C), plus nutrients. You also need vast amount of light (artifical - very expensive).
In northern climates this would be an expensive proposition. CO2 is very expensive so locating next to a wastewater plant or brewery would solve the large quantities of water and CO2 problem.
Space is another issue. To produce 25MT tons of dry mass or 3,600 gallons per day you would need nearly 25,000 square feet of greenhouse or about 30% less with artificial light.
It is possible, but to produce the quantities they are hoping would require a new model that would allow for sunlight/artificial light to photosynthesize more algae in far less space.
Perhaps they are sitting on the Holy Grail of algae growth....
Thanks to all for your reply. I am thinking to visit the site may be next month but haven't found much information onthe company except which was provided by the company. It could be a good business plan but not enough information to validate the business plan
Hello there,
I am glad to find this forum and would like to stay in touch with everyone regarding Sunx. Please add me to your master list (email below) I did went to Vancouver and sat down with Jim and Wayne to discuss the opportunity but when I left there I did not feel too impressive and was worry about the outcome. First the company was not attractive and the people are unprofessional including Jim & Wayne. I hope they didn't scam on us. Can you put me on the master list with the others.
This is scary.... the Sunxenergy.com website doesn't even work anymore!!! And I sent mail to Steve & Wayne, it got retured!!!
Later,
anhtee04@yahoo.com
Newco. Thanks for sharing the information and knowledge.
I had series of conversations SunX and decided to hold off for now.
I am currently exploring bio-diesel area and would like to connect, if it's ok with you. Since I can't find your's, My email address should be on the profile.
Jack
Jack, you can email me at sofa55767@mypacks.net. TX
Newco
has anybody reading this blog committed the 25K?
what is the next step in your process and are have you been able to learn anthing else about sunx? do you have concerns or questions that you cannot get an answer to? what has been your experience dealing with the principals in Sunx?
Tom,
I have not invested nor has the person I am representing in his search to establish a biodiesel facility.
For those of you interested in a medium scale biodiesel facility, take a look at Methes Energies. www.methes.com
They are currently commissioning a plant in Guelph, Ontario.
Their business is distributed production through a franchised network targeted to the end user of biodiesel.
PS - the processor that Sunx is looking to use is provided by Bioking. The same goes for their Algae program.
I went so far as to book travel plans, rearrange my work week, plan for child care, etc., only to have Sunx tell me two days before departure that they were all sold out (100 investors at 25 K each apparently) and there was no point in me traveling to Vancouver!
I immediately had my suspicions after speaking on the phone with their biz rep who knew less than I - and I am only a biodiesel consumer in my vehicle.
But being from the Northwest, I did not think it was too risky to travel to Vancouver B.C. to check it out in person.
Perhaps they were testing the market -- but I will wait to see them have a successful roll out before doing business with Sunx in the future.
I was going to go on the plant tour, but cancelled because they refused to let me see the alleged production contract beforehand. Also, when I asked for a production schedule of when they would be delivering the plant equipment, I was told within 1 to 2 years. The question arose: can they build all 250 plants within 1 or 2 years (none have been built to date)? Not likely. If it takes two weeks per plant, 26 plants per year non-stop non-problematic commissioning, fulfillment would take 10 team*years. Not likely that they have 10 teams, not to mention the sheer # of tanks for all of them, all delivered at once basically.
When pressed for contract info (their promise WAS 300,000 litres/month@$0.11 per litre) they could not seem to product a written contract for my lawyer to look at. Even if I did sign the non-disclosure/non-compete.
I also did an internet search. Wayne Stripp is misrepresented as an ex-professional hockey player; he did not make it past the WHL (see hockeydb.com). Also, he was involved with litigation for a software startup company by a programmer he apparently neglected to pay in full...
It all adds up to too many scary things, I simply ran away before they went any further. Good luck to Sunx and all their 'investors'.
Phil
So anyone have foung anyother biodiesel company who offers franchise options. I did saw nauticalad posted the company name www.methes.com, anyone have infomraiotn on this company or verfied the company. Is it same as sunx? Please reply or email me at jtailor@gmail.com Thanks
I have been speaking with these guys about the last remaining plant but can not find any new news. Most comments on the web are from April and May. Does anybody have an update, are folks still moving forward with there facilities?
Have drop sunx after reading all the comments and didn't sound convincing to me. Have contact xenerga company but not able to verify them as well. If anyone have any updates or information, please update it. Thanks
Guys - check out the new website for Methes Energies Inc.
www.methes.com
If you're interested in seeing a demonstration of a continuous flow biodiesel processor, please call the office and ask for either Nick or John.
Anyone have any update on any Biodiesel Company, please post it.
http://www.methes.com/news.html
Yes I also went up to Sunx recently and met Chris and James, the other guy was away. Having went through the meeting and Chris took me to a manufactoring plant, called Next Energy as well. Everything looked legit and Chris and James were completely honest with me, discussed the issues surrounding feedstock, and the pricing of soy having gone up. This pricing affected the whole industry, I did some research and found that this is true. I don't really see the issue, as biodiesel has potential but some issues also. Well you can either become an investor or not, but I didn't feel anyone was telling me any lies.
Newco is there anyway you can email me. I have a question for you about the original post you made. Thank you for your time.
ape263@yahoo.com
I invested with SunX energy - i havent had any issues with them or their company. I have visited their headquarters in vancouver - Beautiful city, too bad i didnt get to stay longer. I also toured their plant and facilities as i was accompanied by engineers who were also looking to purchase at the same time - they had no negative remarks either and purchased the same day i did. They are offering a great business model and and excellent profit to go along with it. Im all for getting this petroleum addicted country into rehab. I have spoken with the CEO several times and he is a very intelligent businessman - Im still confident today that they are the ones who can do it.
I personally have a friend who had invested in the opportuntiy - too bad for them their financial situations made them back out, but they received their refunds in full. I cant say i've ever heard of a "scam" giving refunds and still operating.
Dont just sit on side just to dip your toe in the pool - it doesnt do much but give you and everyone else around you the chills. I dont know what the fuss is about - theres only two options - in or out.
The Green Investor
GreenXYZ1@gmail.com
Thank you for the positive words about this opportunity. If any one is looking for more information, here is someone with first-hand knowledge of the operation. Perhaps this investor would kindly share his contact info so future investors can get up-to-date info.
I don't think "scam" is the word I would be using. It simply appears that the timeline for this project is far longer than originally presented and the algae production for this number of facilities is not currently financially compelling. There is no secret way to grow algea - as I have mentioned in the past it is a simple matter of space, energy and co2. The current math points to 25,000sq/ft of space to support 1 million gallons of biodiesel. 100 plants in sunx system means 2,500,000sq/ft of oil production. Add to that that the only way to get co2 affordably is by neighboring with waste water or a brewery and you can see that the available real estate for these projects is limited.
Until the algae issue is sorted out the price of virgin oils makes for very slim margins.
Having said that there is a possibility that the algea oil plants would be getting serious carbon credits which could help offset the cost of production.
My contact information was given out in the last comment i posted. Its ok to contact me if you are a potential investor. Again - greenxyz1@gmail.com
It is no secret that the timeline has taken longer than expected. The company as well as myself will tell you that openly. I am glad the company has intelligently delayed instead of getting caught in the giant mess that occurred in the markets since this last year.
25,000 square feet - is a theory of sorts. There are algae growing systems IE vertigro - which have a great system to grow algae VERTICALLY - so this theoretical 25,000 sqft - takes place using every ounce of space - reducing what you are calling 25k sqft of flat space to 5000sq ft of flat space with 5 feet vertically used. Or maybe its 2500 sq ft with 10 feet vertically used? That sure significantly reduces your numbers it seems to me. and ehem - no one ever said that we cant have our own algal oil producing facilities located near our plants. NOT SAYING THIS IS GOING TO HAPPEN (all you out there got a little too excited just then!) - but it is not outside of the possibilities.
Only options being waste water or brewery? Seriously - i have about 50 factories spewing C02 into the air around my area - i dont think im that limited. I dont think anyone else is - and STILL its just another obstacle to get past. "An obstacle is not something that stops you from succeeded, its only a test of just how bad you want to succeed."
Eitherway regardless of what the theoretical numbers may or may not be - there is an ENTIRE INDUSTRY working on these issues. Thousands of people. Literally. The lightbulb was invented by...two people? at the same time? Come on now - have some faith that someone out there is doing something right!
Chevron invested 120 million into an algae co out of california about 3 weeks ago (someone must be doing something right there), and the USDA just announced 200+ million in grants and loans for bio based projects and businesses.
What that means for you - and everybody else, they are solving or have solved feedstock source issues, and that finding the solution to algae is only a matter of time. I am willing to bet this company is one of them that succeeds. Willing to bet over 2 million dollars i have committed to them. So theres my vote of confidence. I put my money where my mouth is, and i trust them enough with my constant interaction throughout the last year to put it where THEIR mouths are too.
Keep in mind folks - theres another 80-90 people just like myself that got in as investors a year ago before you or anyone else found this website. The Board of Advisors within the company consists of original investors that got involved before volunteering to help the company - Most of these folks are rather wealthy and know their business sense. BioChemists, Engineers, CFO's, CEOs, and entrepreneurs from all walks of life.
You can trust these folks worked the CEO and staff for answers harder than most of you guys ever could; But the company has no reason to bend over backwards to expose their business model and its secrets without you showing you're serious by having cash in hand and touring with them in person. I wouldnt waste my time with people who think im stupid and not going to make it either. The existing investors, the board of advisors, we arent stupid and neither is the SunX staff.
Yikes! You seem very defensive green investor. You are the first person with something positive to say and I think you could make a good ambassador for the company. This is not a competition, everyone wants this model to work.
But I can't let you off that easy! Firstly, I am looking at algae farming and becasue I am a well-informed advocate of the algae alternative (single strain, closed systems) I can tell you it is not theoretical and the 25K sq/ft is in the vertical format
Secondly, the brewery/waste water source refers to the need for co2 saturated water - yes, co2 is available everywhere but if you had to pay for the freshwater to fill and refill closed system you'd further diminish your margins.
You are correct, millions are being pumped in daily to the research and development.
Anyway, they know how to reach you.
Newco - feel free to email me and initiate convo.
I appologize, Yes, I am the first person with something positive to say and i may have appeared defensive as a result of a lot of negativity from people around the net who have had no personal involvement with the company around the net who have done nothing but theorize without addressing anything directly to the company.
In the end - all of this is a deal with the company, nobody else - thats who needs to answer your questions.
So sorry if i came off that way - its just built up a little. Meanwhile, i mean no harm and i wish everyone the best - as when this works, everyone who made the right decision to get involved will be very pleased. There is a lot going on in the company that i cannot discuss because it is priveledged information to the current investors.
The best thing i can tell anyone looking at this business is to go down there and speak with them in person yourself. See their algae lab, see their plants that have been built by next energy systems, and talk with the CEO and VP etc who will inform you what they are up to. Seeing is believing!
I have a question about what your saying, because it seems like everyones end all answer is to just go talk to SunX. One of the main problems here however, is that everyone is thinking SunX is the scam; so why then, would people go talk to them, and go see their plant, if they feel they are the scam? I don't know about anyone else, but I have a very big problem when someone tells me come here (out of country) to look at a plant that's going to be just like the one we are going to build for you, however, we don't have any in the country for you to look at, or we don't have any American investors for you to talk to so that you can see that this isn't a scam, and you can see that these plants really do work. I have a problem with that. Granted, I'm not the most informed person in this discuussion when it comes to Biodiesel fuels (because I've only been interested about a week), but I do know investing, and most of the time Canada throws up every red flag in the book. I've been talking to a guy via email who has invested 2mil(allegedly) with SunX, and the whole conversation I'm letting him know, I wish you the best, I wish there were some concrete proof, but he can't give me any. From what he has said, the first plant won't be operational in the US till this summer, and by that time they won't be selling anymore. HELLOOOOOOOOOOO!!!! I must have missed something, but does the process of taking money and running go any differently. Not that I'm accustin Sunx, but anyone in their right mind has to see why someone would look at that skeptically. Also, for my last point, you guys sure do seem to get worked up over peoples opinions about the company. That, strikes me as odd also. Thank you all for your time.
Hey Ape - it seems like you've been on quite the quest for information lately. So i ask if you've found information you seek from people who are American Investors with SunX, you still turn around and scream SCAM! What do you want?
If Canada is the next haven for scammers - Somebody let Nigeria know they've just been lied to.
The company openly offers you to visit them in person and view their facilities including the already produced units by next energy. You can view pictures of what you'll be seeing before you go. You can see the staff and advisors in those pictures and compare them to information from third parties on the internet. You can ask for references from them and speak directly to a few of their investors. They offer to put you up in a hotel on their dime for a night. You will speak directly with their VP and their CEO and ask them any questions you like. Hell, even if you invest and you want a refund, they'll also give you that too - and YES i know people who have successfully received their money back because their own financial situation changed. I havent heard of any scams giving people their money back. You definately missed something in scam identification class.
Seriously man - if you take this much effort to convince that this isnt a scam and you still wont visit them to see with your own two eyes, nor call the company directly and ask to talk to the VP or directors, or even the CEO if he has time, nor call the company for references - it sounds like you're just farting around on the internet sick with analysis paralysis and really wasting your own time and ours responding to you. Due diligence is available, but you need to be reasonable.
Ok, once again someone points back to them and says "see." Again, my complaint is, why is it that the only proof of SunX legitimacy is though SunX itself? Given money back? Ahhh, wow, okay, there we have it. That's as concrete as it gets. Again, no proof.
What you don't understand is that even the way you respond is in a tone that suggests a closer involvement in the company than just a mere investor. People aren't stupid, and I think that is the point that runs you so hot.
Again, go there, see them, see what they have to say. I don't know about anyone else here, but if I'm going to run a scam aimed at generating $750,000 per person, you better believe I'm going to be damn good at it. Facility and all, board members and all. Are you not reading the posts? The one guy that said he went there was turned off by how little they knew about the plant, and his emotion in his response suggests no attatchment to that, or any other company associated. Why is it that SunX is advertising on Craigslist? Why is it that the only way I heard about SunX was through their ad on Craigslist?
"in a hotel on their dime for a night..." Dime is an interesting word to use when comparing a night in a hotel with 750k. Hmmmm, lets see, I wonder why they would do that if they weren't legit?
But hey, don't go off of my opinion alone, because I haven't been. However, read the comments up above. There are plenty of people who have. What about them? Buddy.
Hey newco - you asked why appeared defensive and i responded "as a result of a lot of negativity from people around the net who have had no personal involvement with the company who have done nothing but theorize without addressing anything directly to the company."
The previous message is your exact example of what i was speaking of - and the following is the result.
********
Proof. AKA due diligence has been provided to you. Next Energy. Pictures. Third party verification via current investor references over the phone. Third party verification of the board advisors and staff via the internet on unassociated websites. SEC documentation of their executive director, Paul Macphail, and his income at Centerplate, inc as CEO. The same director has third party verification of his previous accomplishments in Uno Pizza restaraunts - bringing 30 stores to over 200 as their COO. And of course again you're invited to touch it all in person with your own hands.
Any and all information that was relevant to the company's interaction to the public was ALL posted before AUGUST! Thats over 6 months ago. The company has gone through significant positive changes since that time. Therefor anything and everything they had to say about the company was first off - their personal opinion - which obviously didnt sway the other 85+ investors away - and second - doesnt hold any water today.
By the way, You're totally right that you shouldnt invest with a CEO who doesnt know these things - If you ever get the chance, dont invest with donald trump because he doesnt know the exact dimensions of every screw used in his buildings. You seriously think a CEO needs or wants to know that crap? Thats why intelligent people hire people more intelligent than themselves. Besides - They've had time to learn the ins and outs of their "non existant plants" from the "more intelligent people" who have manufactured their PROTOTYPE specifically for SunX.
Why would anyone advertise on craigslist?! Thats so dumb! Apparently it only gets the attention of people who think they are a scam! Thats how you ended up here right? I mean you only heard about them through craigslist, and you only heard about biodiesel for the first time last week, they MUST be a scam, and while you're at it - Biodiesel and Green Energy must be scams too! How the hell did the Secretary of the State of Nevada hear about them before you? But of course you knew all scams incorporate in the state of Nevada with their real identities which is bound by US Law. Seriously, stop wasting my time with ignorant attempts at making points.
And to clarify what "runs me hot" is i could offer you positive points all day long and you end up still ignoring all the work that i've spent the last several months doing for myself and as a result trying to help you - handing it to you in a single day on a silver platter and you still acting like its not there. You wouldnt know proof if i slapped you in the face with it. Buddy.
I wont be responding to anything further you write as you have exhibited your ignorance beyond the point of respecting you or dignifying you any further with my time. Any further questions you want answered if you somehow still are interested after exposing this "scam" will have to be directed at another investor or SunX directly. But after reading this - i doubt they'd allow you invest anyway. Imagine that - a "scam" turning refusing to take your money because your business sense is less than worthy to be "scammed" by them.
This business is not for you Ape, move along.
To everyone else, pardon the interruption.
Numbers to other investors? I think that's what I've been asking for since day one. What are these documents you're talking about? Can you send them to me along with the contact information for the investors? Or is the reason your not going to respond because you knew I would ask for all the info you claim SunX provides.
To All,
When I started this blog I was simply looking for better information than what my friend had learned about the company. We all wanted biodiesel opportunities to work and this one, with its low cost of entry, promises of income thru sales contracts was very attractive. We can't fault anyone for looking seriously at this.
In nearly 17 years of investing, helping buyers acquire small to mid-size companies and operating businesses in the US and Asia I can tell you that Sunx has not provided what I consider to be good faith evidence of a trading system.
I receive prospectus' all the time and being open is the hallmark of a good start-up. Many potential investors have contacted me directly by email, all of them have been to Vancouver and many of them did invest - none that I have contacted are happy, not one. I personally don't care as my recommendation is clear - find something else.
Proof of sunx' viability seems to manifest itself in highly qualitative form only. There is no evidence of a working business model and many poeople are looking for one. Wanting such evidence doesn't make them a threat to sunx.
Supporting sunx should be a lot easier, green investor. Be patient, perhaps sunx can get the next step more quickly if they just addressed the concerns of people with money who want to make a difference in alternative energy industry.
For those of you looking for answers: you won't find anything concrete on the internet. Your only recourse is to visit their offices, and decide for yourself if this makes sense.
"Many potential investors have contacted me directly by email, all of them have been to Vancouver and many of them did invest - none that I have contacted are happy, not one. I personally don't care as my recommendation is clear - find something else." - Newco
I have had the same thing happen - except the opposite is true in my case - the ones who are patient while business takes its course are doing just fine. I have had a lot of contact with their investors and still do to this day. The ones who were not happy - have requested refunds and have/are being given them. The reality is that SunX has had conflict with a few of their investors who were not flexible with the timelines and the normal course of business as anyone involved in the green energy industry right now knows the marketplace has changed over this last year significantly.
At first i was a bit disappointed about the delay because of the anxiety that had built up in me over time, itching to get started. However upon examining the changing result of the marketplace, They absolutely made the right decision not to rush into a land mine. Still some wanted to charge forward and blow themselves up, and those who complained and showed they no longer shared the same views as SunX were offered their refunds and released from their contracts.
***********
"Supporting sunx should be a lot easier, green investor. Be patient, perhaps sunx can get the next step more quickly if they just addressed the concerns of people with money who want to make a difference in alternative energy industry." - Newco
I can say i agree to this part - it should be a lot easier. The reality is that i know too much and how close they are, but its one of those things i would like to scream to the world, but simply cant do it until they announce things themselves - yes this is a bit frustrating - especially when having these discussions with people like yourselves that i share similar interests in business and success with. But i stand up for what i believe in, and although none of you know my daily character - i have many who would follow me as a result of their confidence in my decisions and beliefs. Doesnt mean much here, i know. Rest assured, i am an entrepreneur who believes in a green future above all else, and i stand to profit from this AND potentially lose from this - just as much, if not more as anyone else if things werent ok. I would not have any reason to waste my time here otherwise.
***********
"For those of you looking for answers: you won't find anything concrete on the internet. Your only recourse is to visit their offices, and decide for yourself if this makes sense." - Newco
This is the same thing i have been saying the entire time - You'll get a lot more info about the things i would like to tell you in person than either myself or the company is willing to release over the internet. Call them, talk with them and go meet them. Thats what i did, and thats what anyone else interested should too.
***************
Several million people would disagree with the daily business decisions of Donald Trump, but thats why he's rich and they arent.
***********
So at the end of every coin toss - you will always find two flip sides; and that means the outcome of this discussion still is the same.
Call them.
Visit them.
Make your own educated decision.
Heads or tails?
PS: Newco, thank you for holding a respectable discussion. Being "inside and informed" is its own jail sometimes.
ok so what I have gotten out of this is many of you have said this investment looks a little sketchy while one or two say that it is great, but the bottom line is no one has had any return on this investment. Right? I call scam
greatamerican just curious...I just read through the same post you did and I am wondering how you came up with that it is a scam. Did you actually take a tour, talk to the owners, or just flip a coin?
I am about to reserve the ticket to visit Sunx head quarter. But I throw one question to Ken Johnston. In our conversation, Ken gave in impression that Sunx has established customers in California and all over USA. To distribute 300,000 litters minimum permonth per plant, you must have a regular and definite customers. Here is his answer:
"We will be in the process of bidding on two national diesel users, one being the US military. Our business model is set up for regional sales and national sales and will be able to sell every drop we produce." (3/19/2008) Highlight the word "will", "bidding", and "military". The implication is:- Until now they only have two prospective customer, one of them is US military; - We "will" not We "are" .... they dont do anything yet, just "will" - It is a "bidding", no guaranty they will win
How dare they give a guarantee for something that is not definite yet. Just "will", and it's will be a "bidding".
Just becarefull!
Hey there HC - This is why i have said to flat out IGNORE THE BS you see put out on these boards because no one here has the answers. If ken says it, you can believe it.
Now you're talking about two NATIONAL customers - the ones he's talking about would be the ones that buy EVERY DROP we produce - every single one. Why just two national customers? because those are likely the only two possible of consuming that amount of fuel as a single account in this country.
The rest of the customers are individual companies that could take up an entire SunX producer's state's worth or an entire county's production etc. I have seen the demand for for biodiesel from a ton of trucking companies accross the nation, there is a customer base for it and SunX is positioned perfectly to take advantage of it.
So it sounds like you're reading it a different way than you should be - as if they have no one to sell to.
Just the opposite is true.
Take the trip and ignore the uninformed heresay here. They will be less candid in person.
Hey Greeninvestor,
Only a Bs person who can give a guarantee base on the "will" and "bidding" action. Both are not definite. In another word, SUNX do not have any customer yet. That's why Sunx never able to put the 300,000 litters in the contract. Just a promise to get your 25,000.
I challenge them to give me just one, again, one customer data. They cannot. Where they are going to delivery the 300,000 litters? Taking back to Canada? Man..mann..man... it's really a bs.
I bet Greeninvestor is working or a part or this company. It's impossible having someone always ready behind the computer just to respond in discussion forum, not only in this forum but some others, and doing it as a volunteer.
Good job GI, how much you get paid?
Yeah HC, I have to agree with you. I also think he is the same person as some of the other posters on here that have nothing but good to say about the company. It's a shame that they are paying him good money to be soooo bad at his job.
I have a question for newco, how likely is it that you think they might just possibly could maybe win the bid to the military (that thousands of other companies will be going after as well), when there are companies that have cheaper ways of producing biodiesel fuel? Also, has it been decided that the military is going to go to biodiesel fuels in the future? Out of curiosity. Thank you for your time.
Because i stand up for something i believe in im accused of "working with the enemy?" lol - What a fuckin joke!
I dont work for the company. I dont get paid by them for speaking out here. Its not "impossible" to be "at the ready" as i do - I run major online financial networking groups, which means i work online every day and i am notified when someone leaves a new message here. Typing over 100 wpm, Im damn good at replying fast too arent i? Or else i'd never get any of my damn work done.
Yet, i freely give my time to help people out - or get insulted trying to clear up simple misconceptions like the one you have.
Its not much different from volunteering at your local animal shelter where the dogs you're trying to help try to bite you.
Now you, HC being new to the opportunity and the company, i can expect ignorance from you - its understandable, You dont have to follow through with the visit or the business...it's your choice.
You all need to understand i've been involved with the company a lot longer and a lot more intimately as an investor than any of you on the board have and thats why i can confidently back them up.
Do you really think biodiesel doesnt have a demand? Go call ANY TRUCKING COMPANY right now and tell them that you can provide to them biodiesel under the current prices for regular diesel and ask them if they'd buy from you for that price. You tell me if theres a demand. If you dont know that already, you havent done your research. You have work to do.
Ken probably told you about those two potential national customers versus the rest of the the clientelle base because that is the best case scenario - to deal with one or two major consumers. That doesnt for a second mean they dont have local and national customers ready to go when they produce. That IS the basis of their business model - they are set up to be the first to handle biodiesel distribution both locally and nationally.
Why would they share with you customer data when you could be a competitor? Much less the fact that customer data is a matter of PRIVACY and CONTRACT between the two entities - the customer and SunX, both of which are none of your business. YOUR business as being involved with SunX is ONLY to produce biodiesel for them - it is in their contract, and is THEIR business to find people to sell to them. They are responsible for paying you to produce biodiesel, just like you are not responsible for worrying about finding or identifying who their customers are.
Hell, on that note - i CHALLENGE YOU to go ask SunX - not on this board - but call them directly and ask them "If you have no customers, but i produce biodiesel, or you tell me to stop producing, Will i still be paid that 33k a month if you have no customers to sell to?"
You're welcome to also follow up with the question "What is the actual capacity of these plants per month that we can get paid on?" I know the answers to these qusetions - do you?
By the way, you wouldnt even know what is written in the contract because you havent seen the contract - dont state what you dont know.
Go call Ken again and ask him yourself to clarify what you have miscronstrued as fact.
PS: nice to see you still kickin the bucket around ape, havent called them yourself yet either have you?
PSS: I assume every one of you negative responders are the same person, There cant be this many people who have 750k to put down but cant pick up a fucking phone to get their facts straight.
ok so once again a few people have handed over their money and nothing has happend and there is no answer to if something will ever happen.
The answer was given to you somewhere buried in this backlog. Their plans are for a pilot plant rollout this summer. Call the company. Call the company. Call the company.
Damn, the blind leading the blind in these online forums - this is insane!
I'm a SunX purchaser too! I had only a few questions that needed to be answered before I bought several plants in Calif. 1. How can they guarantee me the 33K a month? 2. Where will the feed stock come from? 3. Once the plant is built the 33K starts immediatly right? I have faith in them as they stated we should have had our plants built last year....didn't happen because of the feedstock prices. Now we're waiting for better prices or Algae to get going...I have faith in them because they DIDN'T build the plants yet because they and us would have been in BIG trouble as others are. Obviously they are thinking way ahead.
Funny, I've been in business a long time....knowingly the longer you wait for a better "market" or guarantee, the more you will pay for it. The price has already gone up twice since they opened. Will be going up again shortly. That's why business is Speculative, your takinng a chance on something that will or may happen to your advantage. I'm betting big on something I'm sure will happen soon. Take it or leave it. Remember I'd rather keep quiet and be thought a fool, than to open my mouth and remove all doubt!!.
Seems some of you guys are into a pissing contest where no one wins. My advise, do your due dillence and make your own decision. When you ask someone else negativity gets involved. My family knows nothing of this, all I would hear are the negative comments. Good Luck all!
Hello everyone,
There is no arguement to be won here. Those that have faith; who have looked beyond what was undoubtedly a small disappointment when the plan didn't come to fruition as quickly as hoped are the risk takers. If they are right they will reap the rewards.
For anyone who is not comfortable just don't invest - no harm, no foul.
What bothers me as an investor and owner of other businesses is that you can buy off-the-shelf systems right now; get significant state and local tax breaks/incentives; and the SBA (US only) will provide some terrific support to regional banks. All you have to do is talk to the big distributors in your areas, get a tentative commitment (unless you produce you'll get nothing) on volume (you never get price, as it's a commodity and contracts are monthly) and off you go.
This is a bit rhetorical...the reason you don't buy a proven plant is that you can't make it cheap enough with virgin oils to sell your product. Yes, you can wait for algae but single strain, closed-system farms are still in beta.
In the meantime this doesn't work. Look to the European markets and you'll see that the only reason consumers buy biodiesel (5%) is that it's cheaper. The only reason it's cheaper is due to gov't subsidies that will expire next year. Most of the large producers (read the international press) see a huge loss in business coming. You can talk green all you want but price still rules. Add to the that the US low-sulfur diesel makes our fuel the least polluting diesel in the world; the real pollution cost of biodiesel; a change in administration looming with all the uncertainty that means and this is not the best time to invest.
Many of you seem to be under the impression that Sunx is the only supplier. Several much bigger, better funded enterprises have already built algae farms so anytime you are ready (ok a couple of years) you can jump in.
One of the questions...military. Perhaps they are working on a contract. I have an environmental contracting company on the east coast that performs significant work with the regional military bases. The process is long, invasive, and requires significant evidence of trading capacity. I do not believe Sunx has that capacity.
Additionally, meeting 'mil' specs is very tough on production. The idea that they could sell biodiesel from sources run by different owners across the US is problemtic.
Best,
Newco
I bed Green Investor or other name in different forum Fantastic Reality are the same gur is working for Sunx. I notice the language, the word choice and the main idea is totally the same. That's why he is able to seat down in front of computer just to confront those who sincerely address the question with so many fanatic comment about Sunx.
I decide to cancel to go to Canada. And if somebody ask me why? The most reason that make me suspect this company is not clean is the present of person like FR or GI. The sign this company does not feel confident, and try to convince people in anyway.
SUNX, please, for your own sake, do not hire and pay somebody to be so reactive like FR. It is contra productive. The result is not convincing people, even make people suspect you more. As an example: my self.
How much you get paid GI?
I bed Green Investor or other name in different forum Fantastic Reality are the same gur is working for Sunx. I notice the language, the word choice and the main idea is totally the same. That's why he is able to seat down in front of computer just to confront those who sincerely address the question with so many fanatic comment about Sunx.
I decide to cancel to go to Canada. And if somebody ask me why? The most reason that make me suspect this company is not clean is the present of person like FR or GI. The sign this company does not feel confident, and try to convince people in anyway.
SUNX, please, for your own sake, do not hire and pay somebody to be so reactive like FR. It is contra productive. The result is not convincing people, even make people suspect you more. As an example: my self.
How much you get paid GI?
Always a pleasure green investor. Insuranceguy, awesome post. I get what you're saying about taking risks, but I guess I tend to shoot for the more calculated risks. You have to admit, that's a heck of a risk. I wish you the best of luck on it though.
Just want to share what I find out. On March 5, 2008 somebody by the user name Bio Bullies wrote a comment, confirming what the SUNX offer to us is very true. Acting like one of us, investor, in one accord with green investor, he convince us the company tell the truth.
Do you know who is Bio Bully? I dont know for sure. But I found another interesting coincident: There is Hockey group name SUNX BIO BULLIES. Do you know who are the members? Wayne Stripp, the President of SUNX; and Ken Johnston, the data provider. Want to see? Click this
http://www.statspro.com/hockey/phladult/team_details.asp?Season_No=&League_No=84&Team_No=29574
Is Bio Bully one of them? If yes,
are they so desperate than try to to mislead us in this discussion forum? That's so cheap. Again, it showing us the bad character and ethic of this company.
Save your money!
Previous to this comment, i have pages and pages of helpful information i have written to assist a new prospective investor in locating an informed and experienced opinion about the SunX Energy opportunity because as i originally went searching for information myself prior to becoming an investor, there was nothing to be found but misinformation and heresay, and that is still the majority rule.
***********
I can show you several million people who believe there is an invisible man in the sky that created our very existance and everything in it in 7 days. I can also show you several million people who think every single one of those people are crazy. Regardless of what decision they made, They chose by themselves with the information they were given, - right or wrong, no man can fault them for that.
"Follow not the blind men, who think their vision is clearer than yours."
*************
After all this effort in order to be fair and just in putting proper information out to the public that is otherwise unavailable to the public, where negativity is in its place and feeding off each other's ignorance, none of that matters anymore - it has become a moot point.
As newco has said - no answers or conclusions can or will be found here. Its all just bickering and bullshit.
I will no longer publicly offer my positive opinion, as others without first hand experience will only push harder to be right in an attempt to prove me wrong.
So what i will offer, is the only neutral advice you need to hear. After all, if you can afford to participate in an opportunity such as what SunX is offering, i doubt you got that far financially by listening to what everyone else tells you to do, especially with your money. If i listened to that, i would have never become wealthy either.
*******
Serious investors will know to ignore whats written on the internet as fools are far more plentiful than wise men.
STEP ONE:
Call and ask the questions you like directly to SunX - 866 - 516 - 6101.
STEP TWO:
After that you have two choices:
If you think your questions were answered to your liking - hop on a plane and see for yourself.
If not, you can find something else to invest in.
STEP THREE
If what you find when you tour in person is true - Go for it and enjoy your new business.
If you think its not - you can find something else to invest in.
STEP FOUR:
Eitherway, At that point, congratulations on being a independent thinker and a leader.
Best of success to you in either decision you happen to make!
******
As for all the comments, pretty easy to slag Sunx and the fact they are a start up company in a new growing industry. I know for a fact that they have kept their present group of investors advised regarding the feedstock pricing going out of control and have been in on the process from early summer 2007. Two, they have refunded the deposit amount to any partner that wished to step out of the process. As for friggen the hockey comment, every canadian is passionate about hockey because it is so dam cold up there, so the dumb dude that made that comment about hockey, what maybe you should actually spend some time working as a narc at the border as you seem to have plenty of time on your hands. Don't give me the B.S that because they are based out of Canada it is a scam. Canada isn't Nigeria, or some third world country for any of you uneducated people out there. Canadians are generally like nice americans, and has less crime, cleaner air and water than most of the rest of North America. Canadians have always gone to war right beside our american bros and have a history of one of the most impartial countries in the world. As for Sunx, they as many businesses have a vision for the future and have to start somewhere, good for them and if they can jump over the hurdles and achieve that vision, great on them. So maybe some of you people should get a life, and boycott the chinese olympics and be more concerned about some more important issues going on. Go out and start your own company maybe and see how easy it is, lots of talk no action.
That's right, lots of talk, no action. Show us some hard evidence that let's us know that SunX is more than just "lots of talk." A contract with the military? Come on buddy, for all you SunX fans, it's time to put up or shut up, this is going on too long, we are making a great blog into a Jerry Springer show. If you don't have any hard evidence, don't say anything. You know what a majority of the people on here think, so coming back saying this that and the other with still, no evidence is wasting time and good brain power. Green Investor aka beijingjoe, just hush.
With that said, have any of you heard about the car that gets 330mpg? Its going out next year in California, what do you all think this will do to the biodiesel industry? Thank you all for your time.
FYI i am not beijing joe and i have no clue who that person is.
I havent once changed my name on this forum as i've been perfectly content using the same name repeatedly and have no fear of telling you or anyone else who thinks they know more than myself about the company without speaking to them directly to piss off.
" If you don't have any hard evidence, don't say anything. "
I've been saying that the entire time Apey boy.
Anyways, im going back to being silent and letting the long standing instructions remain the point - Do your own diligence and research and talk with the company directly. You will find no answers here.
Thank you green, from the bottom of apey boys heart, I appreciate that. Now, on a serious note, and as an investor with Sunx, how do you feel about the car that can get 330mpg? Talk about efficient and $10 of Wesson cooking grease. What do you think about that?
do you mean the aptera? if so - its the ugliest car i've ever seen.
No matter how fuel efficient, people will not buy ugly cars. See ZAP as an example.
And btw - biodiesel is meant for deisel trucks primarily - carrying thousands of pounds of goods. It means nothing towards SunX
Ah haa, but what do you think they are going to focus on next?
you gotta be more specific.
I believe in God. Had many experiences with Him that prove to me He is God. I get many people that come to me wanting me to PROVE there is a God.I don't need to prove anything to anyone. I believe what I believe.
My point is that no one needs to prove to any of you that Sunx is for real or not. YOU need to go find out for yourself. Surely none of you are going to plop down your money because someone on a blog you do not even know told you to.Your experience with calling the company and asking the questions should start your decision making process. So many of you say "scam" and make acusations out of your own fear, the same fear that keeps you from calling yourselves and getting the truth.
We're talking about changing the biggest user of fossil fuel over to alternative fuels. That is a MONUMENTAL challenge and will take years. The government is behind it, the auto industry is behind it, and companies are popping up in the news often with ideas and plans to "cash-in" on the change. Many will be scams, many will be good business models, but it's up to you to decide.
Let's get off the "prove it to me" fears and turn this blog into an open discussion on how we can collectivley move the green fuel industry forward and hopefully make a profit from our involvement. This blog spends more time trying to prove someone wrong than exploring what is right.
My two cents!
PS. Don't bother challenging my opinion. I don't and won't defend it. I don't have to, as it's MY opinion. You can choose to expand on it, or ignore it. That would be your choice, just as choosing to invest in Sunx is your choice as well!
I aksed Jim and Wayne for some names of people who have signed up for the energy project. They still could not provide any names. So I doubt their honesty, really.
BTW. I met them trying to sell a half a million dollar mini brewery for the Strangford Lough Brewing Co with funny brand names BareLegs, which is Irish for bare-bottom and LegBiter which is Irish for leg-cutter. How patetic!
Uhm, What? Thats funny - If you really asked them - they would or could have given you MY information - as i have offered it freely. Perhaps they didnt feel that you were being genuinely interested enough to want to permit you to speak to their owners. So if you even asked, i have been contacted by several potential investors for my personal opinion and experience.
And something about working for an irish beer company? thats crazy talk.
Sup People.<>
Do not believe in Sunx Energy because they are a scamming company. I am one of the people that are in the program as of last year and they are screwing around and telling lies to all of us. Do not trust Jim Stephson, Wayne Stripp, Ken Johnson or the new guy Paul McPhail. Trust me! If you want more info contact me and I will tell you the details. Stay away! Beware of the Irish Beer company because they are the same guys run by Jim Stephson and Wayne Stripp!!!!!!!!!! FBI are after them.
For all those people on here who wanted to back this company, and tell all of us we should just be quiet if we hadn't had any experience with the company, greenxyz1, insuranceguy01, green investor, and beijingjoe. What do you have to say? I need to hear this.
People,
Beware of Sunx scam! Green investor, greenxyz1, insuranceguy01, and beijingjoe are all the same people from Sunx trying to lure and wrote all of the postings. Jim, Wayne, and Ken we know who you are and what you are up to (scamming).
I recently took a trip up to visit Sunx. I never saw, nor was I given an opportunity to see even the most rudimentary Mission Statement, Quarterly report, list of stock holders or anything in writing what so ever that would help justify Sunx (to myself and to possible investors)as a legitimate company. I exchanged numerous emails after my return, but was ultimately convinced that they had nothing that they could or would show me. I don't know whether they are snake oil, or merely extremely poorly organized, but I was left with no choice but to walk away. In a way I was sorry to do so, for I believe their ideas were good: Assuming the ideas were theirs. It was of interest to me to later find that their business model and that of Zenerga are almost identical. Not that there couldn't be 2 companies with very similar plans. Anyway, my advice is to stay clear of Sunx. If they are what claim to be, the last 8 or so investment slots have most likely been filled and so there would be no available option to invest at this point anyway. Good luck
I will admit right at the start of this post that I have very limited knowledge regarding what goes into the production of biodiesel fuel from algae - or other organic sources. For those of you who are reading my post, who do have such knowledge, please forgive me if I use a concept incorrectly here and there. I am, however, quite proficient in understanding financial statements and the type of investor information that is typically provided by business entities looking for investment capital.
I have a friend who recently returned from a trip to Vancouver to meet with the SUNX Energy folks. She was fairly impressed. From speaking with her, here are the positives I gleaned from the conversation - and reviewing the limited data she had on the company: 1. An investor in a plant does not have to find his or her customers - SUNX is the customer for the biodiesel product. 2. An investor does not have to find a supplier for the raw algae material that is processed at the investors' plants - SUNX is the supplier. 3. The investor gets a guaranteed 5-year contract to get the required raw material for processing - and a guarnanteed buyer for 5 - years. If SUNX fails to produce - both as a supplier and customer, it appears the investor can opt out of the contract. 4. Sunx provides the manufacturing equipment. 5. Sunx installs the manufacturing equipment. 6. Sunx trains the investor personnel who will run the processing plant. 7. Sunx will even provide guidance for anyone seeking US Government grant funds for investing in such an environmentally friendly manufacturing concept.
The negatives appear to be these: 1. In my attempt to obtain financial and company profile info from NASDAQ's website, I find that the Sunx stock (ticker symbol: SNGX) has been at $4.00 a share for - apparently, since inception of the company. 2. There are only 25,000 shares issued and outstanding according to the NASDAQ site, meaning the company is capitalized (net worth) with no more than $100,000. 3. While there is an apparent lack of capital noted and the lack of company financial and othr company-related data (company profile information, e.g.) on the NASDAQ website, this and the fact that the company is even listed by NASDAQ, could mean that SUNX has been formed out of a "shell" company - that is, one that is inactive - but is currently registered with the U.S. Securities & Exchange Commission to sell shares of stock to the public. This might mean that the company is planning to have a US initial public offering ("IPO") of stock from which it will kickstart its part in the biodiesel fuel business. Using a shell company for an upcoming public offering is a shortcut way of going public because the shell company already has that attribute (is a public company). 4. There appears to be a lengthy time period from the time an investor puts his or her intitial $50,000 into the business before the investor will get any meaningful return on their invested funds. The reality of meaningful returns could be a few years away. For anyone digging into their retirement funds, life savings, or using their homes as loan collateral for the deposit, this could prove to be an unwieldly situation (although, this may not be the type of investor the company is ultimately seeking). 5. What is the reality that Sunx can consistently and easily ship enough algae product to the plants to ensure the profitability of a few hundred plants around the country on an annual basis? And, finally, 6. In reviewing the estimated monthly and annual costs for an investor to run a processing plant some of the expenses/costs seem a tad too low. For example, the monthly utilities expense estimate is probably not too much different from what many investors are currently paying for their own residences.
I will suggest to my friend that she re-contact the company's representatives and get clarification regarding the above "negatives."
There are postings from others on this comments site that have had words to say - both for and against - Sunx and what it is proposing. I've attempted to keep an open mind in processing what both sides have to say. Thanks for reading.
I was a former investor and to Sunx's credit they did refund my money back. Overall, I don't think they are running a scam at all, in my opinion they just lack any sense of business acumen and experience. In my experience with them up to about March words to describe doing business with them are: vague (almost to the point of flat out lying), non communicative, litigious, and secretive.
I think someone previously posted about Jim and Wayne posing as investors and posting on this blog - I wouldn't be suprised, their always seemed to be one or two posters on the sunx owner forum that seemed like they completely drank the kool aid and got defensive and belligerent and often times made personal attacks. I am pretty sure it is the same person on this blog for they are posting the exact same business quotes. One thing is for certain is that they definitely surf the web looking for blogs and forums in regards to sunx since there was a yahoo forum created by the owners to discuss sunx and somehow sunx found out about it and threatened lawsuits based on the content of some of the posts. In my opinion, it most likely empty threats for as it turned out the whole sunx operation down to jim and wayne's salaries were being funded by our initial deposit. Suprise, suprise as we were told originally that the deposit was going towards the construction of our plants. And does it seem like a strange coincidence that the strangford laugh pdf and business model is exactly like the sunx model and their physical address also happens to be right next door to sunx. Again, it could be all hearsay as some others claim and are told to check it out for themselves. But if you do decide to waste airfare, do what any smart business man would do and try to be as objective as possible and don't go by just what they tell you, ask them to show it to you in writing. So far they haven't shown a single piece of paper proving any of their claims. When constantly asked for a financial statement, the answer is always it will be prepared soon. Well soon is over a year and waiting.
WOW..
How many scams are these guys running?
imyAgent For Sale by Owner Real Estate Marketing... is another of their scams.
www.imyagent.com
looks like more people are asking out of sunx, there are all over craigslist posting at least 4 or 5 times a day
Hi All,
Just a little note about Wayne Strip. He is a crook whom stole my grandmas property off of her while she was dying. So if your questioning getting involved with this thief you should!!!!!!!! Avoid getting ripped off by this professional con man......
I met a guy who was the originator of the Sunx business idea about two years ago. His first name was Adam but I can't remember his last name. He was making a solvent recycling system for a company I worked for. I got to know him pretty well because he was at our plant for about four months. We got to talking about Biodiesel over lunch one day and I told him that my brother in law was thinking about getting a Sunx franchise. He started laughing and started telling me about the whole Sunx debacle. On his laptop he had recordings of meetings with Wayne Stripp and Jim Stephenson. I spent a whole afternoon scrolling through them and listening to them. He even opened his email and let me read all the correspondence between them. In one of the recordings he had to explain to both of them what biodiesel was and the whole franchising idea for it. In another recording Wayne and Jim were excited about selling 100 franshises. Wayne was actually bragging about how much money he was raking in. He said he just had to ask people for money and they just sent it to him. It was disgusting. That recording ended up with them arguing. Adam was telling them that they couldn't supply all the raw materials that would be needed but Jim told him not to worry because they had no intentions of delivering any systems, they just wanted to get it "listed". Hearing what I did convinced me that it was just a scam. Adam told me that he was forced out early on because he was asking too many questions and asked to see the books. Apparently Wayne and Jim were taking tons of the deposit money. I'm really surprised that they're not in jail. Where is the SEC in all this? The tax department? Hell, even the police?
I visited SunX in Vancouver in early 2007, met with both Jim and Wayne for over two hours, toured the facility, did some minor due dilly and could not wait to get back to my hotel and take a shower after meeting the cheesy SunX team. One can tell by way they speak they are not credit worthy and are uneducated. It must have been the bragging about how many “suckers” were responding to their “business opportunity” ads placed on the web and in papers in the States. A good friend of mine, who is from Vancouver reminded me that the city is known for its “den of vipers” and con men primarily because of its lack of case law in the court system.
I went to see them in May 2008, this is definitely a BIG SCAM.
They have no solid raw material supply.
They claim they will get it in "six months" but that's been the claim for years.
They have sexy blonde women as a front to entice buyers and the 2 loser owners (scammers) drive porshe and hummer cars.
This is a big scam, no one should get hurt by these hicks.
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It’s all a major scam, went to Vancouver, visited with the dynamic duo, and investigated their company and their bio technology claims in general back in 2007. As a scientist, and their business scam model is similar to selling real estate on Mars so when we pollute ourselves here on earth our children’s children’s , children’s, children will have a place of refuge. Oh yes, Mars exists and we may one day land on the planet but getting us there will not be with the direction of a burn out hockey player and a book writer. My motivation of writing this is not for money, its because I can’t stand sitting here watching these two Bernie Maddoffs taking honest folk’s money. It’s now 2010 and they are in the same place as they were in 07. Additionally, beware of the favorable, satisfied customers comments, for anyone can dress themselves up in sheep clothing and hide in the barn. Buyer beware.
If you Google "Strangford Lough Brewing Company scam", a link is provided showing Sunx Energy and their scam. Does anyone know if Tony Davies or Bob Little from SLBC have any connection to Wayne Stripp and Jim Stephenson?
why don't you guys try reaching out to three people listed on edgar website SEC. Stephenson james, schielle Eugene and rajkaramvir singh. one of them is California resident. try calling 5105855850. if they are listed on the SEC they have committeed securities fraud. I heard sunx is recoming with suntex enterprises inc. what a fraud.. raised all the money..!
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