GAEC - Gulf Alternative Energy Corp

[wisconsinstock1]

About Gulf Alternative Energy Corporation

Gulf Alternative Energy is an alternative energy company focused on the development of the alternative energy industry with a particular emphasis on Texas and the Gulf Coast.

[wisconsinstock1]

This could be really revolutionary to the industry according to this PR:


Independent Lab Results Confirm GAEC Ethanol Process
8:28a ET July 13, 2009 (Business Wire)
Gulf Alternative Energy Corporation (Pink Sheets:GAEC) announced today the lab test results on its biomass pre-processing technology. This unique process converts cellulosic biomass into a fine, dry powder for processing into ethanol. Testing was conducted by the highly respected Microbac Laboratories, Inc. in Boulder, Colorado.

Lab results showed that all sugars were produced from Gulf Sorghum in 16 hours compared to 64 hours for unprocessed control samples. This is a 400% increase in processing speed under controlled lab conditions. Microbac concluded that Gulf's industrial grade processing was as efficient as the best lab scale processing used to test biomass. The report concludes that the GAEC process significantly impacted processing time for cellulosic ethanol.

"Independent lab results now confirm what we expected from Gulf's cellulosic feedstock pre-processing technology - it makes a big difference in processing efficiency," noted John Shearer, President of GAEC. "This test lays to rest any questions regarding the validity and value of Gulf's process to development of the cellulosic ethanol industry."

In addition, the company has updated its web-site and invites those interested in the Company to visit www.GulfAlternativeEnergy.com for an update on the Company. Gulf is focused on commercializing its cellulose pre-processing technology and on expanding its green technology portfolio. Transforming cellulose to ethanol efficiently is a technical challenge that will transform the biofuels industry. Gulf Alternative Energy believes it has moved the industry much closer to economic viability with its preprocessing technology that turns non-food plant material (called biomass) into extremely small particles that can more quickly and more cheaply be turned into ethanol.

About Gulf Alternative Energy Corporation

Gulf Alternative Energy is an alternative energy company focused on the development of the alternative energy industry with a particular emphasis on Texas and the Gulf Coast.

For more information, visit www.gulfalternativeenergy.com.

[zekel]

this is the same management from the previous stock symbol (GFET) and a well documented pump and dump by SEC recividists Darrel and Jack Uselton.

[zekel]

The technology you reference has been alleged to be stolen from the inventors of the pre-processing technology. GAEC has no expertise in this field, no assets, a mountain of debt, and 30+ million shares (and counting) issued to management and friends at PAR Value - a virtual ATM machine!

Complaints have been issued to the SEC, including allegations that they (management at GFET/GAEC) stole over 6 million shares of partnering company, AETE.

William Carmichael, former CEO of GAEC, has audaciously taken GAEC's equipment down the street to a new private venture called Proven Technologies, pretending to have clients (CNFO, Biotricity) and pretending to have proprietary equipment (which is the GAEC's same equipment they are alleged to have stolen from AETE).

This is just one big shell game in my opinion - be very careful trading this one.

[zekel]

GAEC suspended by the SEC:
Jul 31, 2009
Pink OTC Markets News Service

Washington, D.C.— SECURITIES AND EXCHANGE COMMISSION


SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 60410 / July 31, 2009

SEC SUSPENDS TRADING IN THE SECURITIES OF GULF ALTERNATIVE ENERGY CORPORATION

The U.S. Securities and Exchange Commission today announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Gulf Alternative Energy Corporation, at 9:30 a.m. EDT, July 31, 2009, through 11:59 p.m. EDT, on August 13, 2009.

The Commission temporarily suspended trading in these securities because of questions regarding the accuracy of statements made by Gulf Alternative Energy Corporation in press releases to investors and on its website concerning the quality of the company’s technology and the company’s business prospects and agreements.

The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.

Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 5515760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to the securities of Gulf Alternative Energy Corporation until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider prompt enforcement action.

If any broker, dealer, or other person has any information which may relate to this matter, they should contact Christopher Ehrman, Branch Chief, at (202) 551-4590, or by email at ehrmanc@sec.gov.