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Directory:GMC Holdings Corp.

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GMC Holdings Corp

Company claims a super-efficient or over-unity electromagnetic generator, coined REMAT™, an acronym for RARE EARTH MAGNETIC AMPLIFICATION TECHNOLOGY. Skeptics urge caution; apparent fraud.

On Feb. 22, 2008, the US Securities and Exchange Commission filed an action against GMC Holding Corporation (GMC) and its CEO, Richard Brace, for defrauding investors by issuing false press releases touting the company's development of a motor technology device capable of generating unlimited energy... [1] (http://pesn.com/2008/02/26/9500474_SEC_files_action_against_GMC_Holdings/)

Table of contents
1 About

1.1 Official Websites
1.2 Youtube Videos
1.3 Stock Symbol
1.4 Photos
1.5 In the News
1.6 Applications
1.7 Skeptics
1.8 Reasons for Caution
1.9 Stock
1.10 Contact
1.11 Comments
1.12 See also

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About

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Official Websites

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Youtube Videos

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Stock Symbol

Pink sheet GMCC (http://www.pinksheets.com/quote/quote.jsp?symbol=gmcc)

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Photos

GMC_Holding_MagMot_alone_140.jpg

GMC_Holding_MagMot_140.jpg

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In the News


  • SEC Files Action On Fuelless Motor Fraud (http://pesn.com/2008/02/26/9500474_SEC_files_action_against_GMC_Holdings/) - The US Securities and Exchange Commission has filed an action against GMC Holding Corporation (GMC) and its CEO, Richard Brace, for defrauding investors by issuing false press releases touting the company's development of a motor technology device capable of generating unlimited energy. (PESN; Feb. 27, 2008)
  • GMC Holding draws SEC scrutiny and temporary suspension (http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-532021-U:GMCC&symbol=GMCC&news_region=U) - A retooled perpetual motion promotion trading on the scandal-plagued pink sheets, has drawn a temporary suspension from the U.S. Securities and Exchange Commission. (StockWatch; Mar. 8, 2006) (Thanks ZPEnergy (http://zpenergy.com/modules.php?name=News&file=article&sid=1793); Mar. 13)
  • What Lutec, GMCC, Bedini, and Bearden Technologies May Have in Common (http://pesn.com/2005/06/28/9600117_Lutec_GMCC_Bedini_Bearden/) - Sterling Allan wonders if they key to each of these varying electromagnetic technologies is that they include permanent magnets that transiently flip in polarity when confronted with a properly pulsed coil, opening a gate to some kind of yet-to-be defined energy. (PESN, June 28, 2005)
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Applications

"In our announcement Sept. 8, 2005, we indicated two markets for the first

application of our technology -- golf carts and utility vehicles. By no means are these our only markets to consider. We can scale these motors to be as small as a heart pacemaker and large enough to power a city. They can be constructed as small fractional horsepower motors to thousands of horsepower. We have identified hundreds of markets for licensing worldwide. We will enter these markets by manufacturing internally and/or licensing the REMAT motor technology to various existing motor manufacturers of all possible motor sizes limited only by the manufacturing capability of the licensee." (ref (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-13-2005/0004106368&EDATE=))

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Skeptics

  • GMC Holding draws SEC scrutiny and temporary suspension (http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-532021-U:GMCC&symbol=GMCC&news_region=U) - A retooled perpetual motion promotion trading on the scandal-plagued pink sheets, has drawn a temporary suspension from the U.S. Securities and Exchange Commission. (StockWatch; Mar. 8, 2006) (Thanks ZPEnergy (http://zpenergy.com/modules.php?name=News&file=article&sid=1793); Mar. 13)
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Reasons for Caution

  • The company is new in the arena of energy, and though they might think they have something, they do not have the experience to know 1) if they really have something, 2) how to successfully take something to market in this field that is new to them.
  • The report (http://pesn.com/2005/07/01/9600118_GMCC_REMAT/) claiming independent verification by professor Eugene P. Augustin reveals that he is probably not familiar with this genre of device, and hence does not know some of the tricky things to look for to make sure he is seeing what he thinks he sees in reporting 140 - 150% efficiency.
  • The company personnel seem to be afflicted with exuberance over the possibility of over unity, and have not worked through the numbers in computing device cost versus usable energy output. Even if they do have what they think they have, it may be years before they work through the bugs and refine this technology to the point of being able to withstand the rigors of market distribution.
  • Some skeptics are accusing this company not just of exuberance but outright fraud. If these skeptics have evidence to support such an assertion, they may post it here.
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Stock

On 1 Oct 2006, User:Gwrogers wrote (http://peswiki.com/index.php?title=Talk:Directory:GMC_Holdings_Corp.&oldid=30098), Inventor has 200,000 shares of stock available for immediate sale.

See skeptics comments above

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Contact

Offices of Global Managed Concepts
105 Concord Dr. Suite 101
Casselberry, Fl. 32707

407-834-9400 [ ph ]
407-834-9578 [ fax ]

Bruce McKenzie, President

Richard Brace
Phone: 407-834-9400
richardbrace@jagonline.net

Dan York, Investor Relations
email GMCCIR@dallastexas.net
phone: 214-675-2531.

Eugene
eugenepaugustin@jagonline.net

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Comments

See Discussion page

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See also


- Other Directory listings • Latest • A-I • J-R • S-Z • Tree • News
- PESWiki home page

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