Tag Archives: Pump and Dump Stocks

Why did our Minister of Works and Transport endorse this technology company? Does he own stock?

BREAKING HOT NEWS: Company paid up to $100,000 to certain websites to promote this stock! Did they pay anything to Minister of Transport John Boyce or any other Bajan? See end of story for details.

“Utilizing the Start FEED unit in Barbados on our government vehicles will result in tremendous fuel costs savings, in addition to major reductions of toxic automobile emissions and assist the government in accomplishing the goal of a cleaner and healthier Barbados.”

Hon. Mr. John Boyce, Minister of Works and Transport as quoted in a press release and stock prospectus for Great Wall Builders Ltd.

Did Barbados Minister John Boyce receive any gift or benefit from Start Technologies or Great Wall Builders Ltd.?

A new stock is in play. Press releases and a stock prospectus were sent out hyping new technology that is claimed to improve fuel efficiency by 20%. The miracle aftermarket gadget “uses a high-voltage electric current to break long-chain hydrocarbon molecules into shorter, lighter more volatile molecules.”

Why didn’t Detroit or Toyota think of this? Because they are stupid, that’s why! In 100 years of internal combustion engine development nobody has thought of this…

except… there have been many similar devices in history making the same claims about using electric current to modify the properties of fuel. There are even websites where engineers debunk this type of claim that electricity will change the molecular structure of fuel and result in significant mileage increases.

Not to worry though: the Barbados Minister of Transport attests that the technology works. And it’s not just Bajan citizen John Boyce saying this: he is a Minister of the Government of Barbados and representative of the entire country, so his claim must be true… right? It must be because the credibility of our country and the government rests upon Mr. Boyce’s endorsement.

Some engineers and scientists disagree with Minister Boyce. They say that claims of 20% increase in mileage are not scientifically possible and that these devices are scams…

“The unburnt fuel in the exhaust (even before the cat) represents 1 or 2% at most of the input fuel. If you factor in the energy in the CO emissions, the figure still only rises to 3% maximum. So even if the fuel “saving” device could totally eliminate unburnt fuel and CO in the exhaust, and give an absolutely 100% complete burn, you would only save 3% of fuel. Claims that 10%, 20% or even more of the fuel is not burnt and escapes into the exhaust are entirely false…”

From Tony’s Guide to Fuel saving gadgets

Why are my warning antennae up and pulsating?

The press release by GWBU reports that the Barbados Ministry of Transport and Works tested this new technology over a 2 month period and confirmed the claims of the company. Imagine what a 20% fuel saving could do for the world! With that kind of savings the West could tell the Arabs to shove it where the sun doan shine. That would be the end of the UK’s travel duty. Cruise ships will flock to Bim because they will use 20% less fuel.

This is big. Really big… and the stock price soared!

So the stock price of GWBU must go up… and up it went! Nine cents a share to a buck seventy three in a few of weeks!

I wonder if Transport Minister Boyce or his family members or close friends have any of this stock?

Good. That’s great to see entrepreneurship and progressive capitalism at its best: making money and saving the planet.

Hey… Minister Boyce… we are saving the planet with this device, right?

Just a few questions Minister Boyce. We know you’ll take the time to answer them because although your government promised to implement Freedom of Information Legislation within the first 100 days of office, your government didn’t do that in almost five years because you were really busy with (fill in the answer here.)

But the DLP government is committed to transparency and accountability – with or without legislation – so we know that you will take the time to answer a few questions…

Dear Minister Boyce:

1/ Did you or your family members have any GWBU stock? How many shares? Waddya pay per share? Continue reading

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Filed under Barbados, Corruption, Ethics, Freedom Of Information, Offshore Investments, Political Corruption, Politics & Corruption, Science, Technology