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Thanks for the filing notification...
Monitor mode only for me...
Donation level for tiny oils about maxed out now...
A filing is important for holders because it shows
some regard for informing them...LJ
*seems that alternative energy promos get more play...
annual report out for DPRK, whats the deal here? you have any info, or is this a turd?
Fyi, 07-20-12 amended 10K filing link for DPRK...
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=86404
States amended due to writeoff of the Z2, LLC. related previous BK of that related company investment...LJ
DPRK...End of the line, I think...
We would need a pacer account which I don't have, sorry!
Do you have a copy of the lawsuit? Like a news release or anything?
Looks as though company is named in another lawsuit. Has this moved to gray??
I guess no one is here to listen to this.....
It has been pretty slow here lately.
Nothing weird about making some money. Still in the buy mode here, I love those cheapies.
This stock is so weird. I picked up 100k at .0015 last month and then they filled my sell orders this month at .007 & .009....
weird...
I've been picking up shares when I can, could be a mover or a merger candidate someday. Regardless, they are a working company with revenues, worth throwing a few bucks at IMO.
Let me know when you start having fun :)
Picked up some fun shares here
Yeah its odd, the trading really depends on what the market makers want to do. Sometimes they will hold your orders back to give them preference or vice versa. The stock is pretty thinly traded and any new developments could give this legs. What are your thoughts over 2011?
Anyone know why the spread is so messed up? I would have bought a few lotto tickets for .0002 or .0001, but they have the ask at .011?
Oh well if it ever trades normal again I'd buy a few, I guess there's not enough buy orders for the MMs to care lol.
Makes no sense...I have been sitting at a higher bid and they execute below me at .0002
MMs aren't showing bids
Looking at this one closely...SS is awesome if current. From the posts it seems the management got in some trouble but if thats settled this could be a monster with that SS...
Yeah maybe you will fill like 200 shares the way this trades lol. That is odd that they only have one market maker and they are posting a bid?
By the way, they are not showing me on the bid. I am sitting at .002 if anyone wants to unload their shares :)
Yeah that is interesting maybe not that bad after all. A reputation development plan and some awareness and this could become a value play.
Yea, I actually like it. Based on what I can see, company got involved with some shady promoters and lawyers. Trading got suspended and company reputation has been tarnished ever since. They state in their filings that no charges or proceedings have been brought upon any of the company officers.
Then they have built their assets to multi million....
I am always looking for undervalued E & P oil stocks and this one could have potential but as always there are uncertain risks that have to be evaluated. Will see if I can find anything out or get in touch with management.
Thanks turnkey, appreciate it.
Here is the link to the latest filing.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=34890
MT I don't have all the history here just an interested investor. Based on the posting that I recently commented on it appears that Richard Clark was one of the operating partners in DPRK and he is the one that was charged. I would have to do more DD in order to say for sure.
I do see that they have filed through June 30 which clearly indicates someone is doing something. Looking over the balance sheet and income statement it appears that they have a good base and revenues are not to bad either for a small cap.
A few of the right moves and this could easily become a turn around in the market too. That is if there isn't any questionable stuff still happening.
Company still looks to be operating per financial filings. Doesn't appear the charges were against any of management. Correct me if I missed something
Looks like any luck has run away with this one. If these guys were operating this company chances are it may stay a shell unless someone is planning a take over. Glad to see justice served but would be interested in finding out more about a future here.... if any.
Well,well,well. What happens now ??
Duo Sentenced To Over A Decade In Prison For 'Pump-and-Dump'
DOW JONES NEWSWIRES
A securities attorney and a former stock broker were sentenced Friday to more than a decade in jail each and forfeit in excess of $43 million for their roles in a pump-and-dump stock manipulation scheme.
G. David Gordon, a securities attorney, and Richard Clark, a businessman and former stock broker, were convicted by a federal jury in Oklahoma on May 3 of more than a dozen counts each.
The duo allegedly, between 2004 and 2006, along with others to have manipulated three publicly traded penny stocks, equities that trade for less than $5 a share in the over-the-counter market rather than on national exchanges.
Two based in Tulsa at the time of the scheme were among those whose stock was manipulated: Deep Rock Oil & Gas Inc. (DPRK), and Global Beverage Solutions Inc. (GBVS), formerly known as Pacific Peak Investments. Clark is a former chief executive of Global Beverage. The third was National Storm Management Group Inc. (NSMG).
The Justice Department said in a statement Friday that evidence at trial showed the defendants hid and "parked" their shares with various people or entities, after which "they engaged in coordinated trading in order to create the appearance of an emerging market for these stocks, after which they conducted massive promotional campaigns in which unsolicited fax and e-mail 'blasts' were sent to millions of recipients."
Gordon, 48 years old, was sentenced to 188 months in prison while Brown, 62, received a 151-month sentence. Four others pleaded guilty in related cases while two remain at large.
-By Kevin Kingsbury, Dow Jones Newswires; 212-416-2354; kevin.kingsbury@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/nae/al?rnd=TLIKtKB2NDurYGHdogJ1qw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
10-29-10 1631ET
Copyright (c) 2010 Dow Jones & Company, Inc.
What is up with this stock? Most is owned internally and yet it was involved in a scandal. Now the crooks are caught and yet nothing?
Wow.
this is a total scam. two individuals from bulgaris and two from denmark find front men in the us and then pump and dump false information to scam millions. anyone who puts money into this stock will ultimately lose it. look up hsfi, nlst,dprk,gbvs as these individuals did all these.
Read the Report, they paid off the note to the bank, I thought it was dead yet they keep filing information as needed.hmmm
I will hold onto my shares. If its a hole then so be it.
So any news? It has held it value somewhat? hard tofind anything at all.
I kind of figured what I bought was worthless, just the same the owner owns most of the shares himself so I will hang onto mine also...
Thanks for the update
5000 still for sale at 0.025 all month, it never moves even when it spikes to 0.03 per share. I am begining to think this was a no go and is not a good investment.
1000 shares at 0.01
hmm I had 5000 for sale at 0.029 for 20 days, it did not sell even though 10000+ shares sold for 0.03.
Makes you wonder
I see 35k plus sold at 0.03, and yet mine did not at that SAME price. hmmmm.
This stock is strange indeed.
THanks for the heads up. I guess you win some and loose some. This was a loss. Again thanks.
I guess my shares will wither now for sure. Are they still actually producing ANY oil?
Deep Rock (DPRK.PK) mentioned in this release.
Cheers
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20645 / July 15, 2008
Securities and Exchange Commission v. Homeland Safety International, Inc. F/K/A Sniffex, Inc.; Mark B. Lindberg, Petar D. Mihaylov, Yuri Markov, Paul B. Johnson, and Nicholas V. Klausgaard and Ilona V. Klausgaard, Civil Action No. 3:08 CV 11970 (N.D. Tex. July 15, 2008)
Securities and Exchange Commission v. Mark B. Lindberg, Civil Action No. 08 CV 402 CVE SAJ (N.D. Okla. July 14, 2008)
SEC Files Two Market Manipulation Enforcement Actions With a Common Defendant
Cases Each Include a Settlement with Mark B. Lindberg; Sniffex Case Includes Other Defendants
The Securities and Exchange Commission filed two separate market manipulation enforcement cases: one filed today involving Homeland Safety International, Inc. (originally incorporated as Sniffex, Inc.), a Nevada corporation with a principal place of business in Irving, Texas ("Sniffex"), and the other filed yesterday involving three issuers — National Storm Management Group, Inc., a Nevada corporation with its principal place of business in Glen Ellyn, Illinois ("NLST"); Deep Rock Oil and Gas, Inc., a Nevada corporation with its principal place of business in Tulsa, Oklahoma ("DPRK"); and Global Beverages Solutions ("GBVS"), a Nevada corporation with its principal place of business in Tulsa, Oklahoma. The companies traded over the counter under the symbols SNFX (now HSFI), NLST, DPRK and GBVS, respectively. Mark B. Lindberg, 40, of Coppell, Texas, was charged in both cases and has settled them without admitting or denying the allegations in the two complaints. In the Sniffex complaint, the Commission also named Sniffex; its President Paul B. Johnson, 60, of Colleyville, Texas; Petar D. Mihaylov, 28, of Pazardjik, Bulgaria; Yuri P. Markov, 50, of Sofia, Bulgaria; Nicholas V. Klausgaard, 22 of Denmark; and Ilona V. Klausgaard, 49, of Denmark as defendants.
Allegations in the Sniffex Complaint
The Commission's complaint filed in the Northern District of Texas alleges that from October 2004 through April 2006, defendants Mihaylov and Markov acquired control of Sniffex — and carried out a $32 million pump-and-dump fraud scheme in concert with the other defendants. They acquired Sniffex in 2004 as a "shell" company from defendant Lindberg who agreed to provide them 15 million shares of so-called "free-trading" stock. To do this, Lindberg, Mihaylov, Markov, and Johnson, Sniffex's President, participated in a sham SEC Rule 504 stock offering that ultimately resulted in scheme participants obtaining virtually all of the company's purportedly free-trading stock.
The complaint further alleges that Mihaylov, Markov, and Johnson then engaged in a fraudulent promotional campaign intended to inflate the share price and trading volume in the public market for Sniffex stock. The campaign characterized Sniffex's primary product, a purported hand-held bomb detector invented by Markov, which was also called Sniffex, as a critical breakthrough in the global war against terrorism. At the behest of Mihaylov and Markov, Johnson drafted and issued 33 press releases on Sniffex's behalf. The press releases contained materially false information about tests regarding the product's ability to detect explosives and the company's financial situation. These fraudulent claims were parroted by Mihaylov in a spam-email campaign and in a glossy direct-mail piece.
According to the complaint, as a result of the fraudulent promotional campaign, Sniffex's share price increased from $0.80 to $6.00, giving the bogus company a market capitalization of $474 million at the scheme's peak. The individual defendants profited handsomely by disregarding re-sale restrictions and selling their scheme-derived shares into the artificially inflated market. Lindberg sold approximately 2.071 million shares for a net gain of approximately $315,481; Mihaylov sold approximately 3.73 million shares for approximately $11.3 million; Markov sold approximately 2.8 million shares for approximately $8.6 million; and the Klausgaards sold approximately 3.75 million shares for approximately $12.3 million. Neither the Sniffex press releases nor other public statements made in the scheme disclosed that Markov and Mihaylov controlled Sniffex, that they and the Klausgaards controlled virtually all of the company's public float, and that this group intended to sell, and was selling, millions of secretly owned shares into the market.
The Commission's complaint charges Sniffex, Lindberg, Mihaylov, Markov, and Johnson with violations of the securities-registration provisions and the anti-fraud provisions of the federal securities laws, specifically Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 ("Securities Act") and Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5, and charges the Klausgaards with violations of the securities-registration provisions, Sections 5(a) and 5(c) of the Securities Act. The Commission seeks the following relief from Mihaylov, Markov, Johnson, and the Klausgaards: permanent injunctions against future violations of the federal securities laws, disgorgement plus prejudgment interest, civil monetary penalties, penny-stock bars, and accountings. Lindberg, without admitting or denying any allegations in the complaint, has agreed to a permanent injunction, an officer-and-director bar, and a penny-stock bar.
Allegations in the National Storm, Deep Rock, and Global Beverage Complaint
The Commission's complaint filed in the Northern District of Oklahoma alleges that defendant Lindberg and other members of a Shell Creation Group ("SCG") manipulated at least three penny stocks from 2004 through 2006, including NLST, DPRK, and GBVS. Lindberg and the other members of the SCG, including attorneys, stock promoters, and financiers, worked together to acquire unrestricted shares of the three issuers and to profit by selling these shares into the market while manipulating the price of the stock by means of distributing promotional materials and coordinated trading. The SCG reaped profits in excess of $20 million from the sale of NLST, DPRK, and GBVS stock, and Lindberg personally reaped over $6.2 million in ill-gotten gains from this illegal conduct.
The complaint alleges that the SCG exploited the devastating effects of Hurricane Katrina to manipulate the stock of NLST and DPRK. NLST purported to be a "storm restoration firm specializing in residential home repair from the effects of wind and hail damage." DPRK purported to be "an oil and gas exploration and production company." Lindberg and other members of the SCG assisted these companies reverse merge with SCG controlled shell companies. Throughout the reverse merger process, SCG members obtained control over large quantities of NLST and DPRK stock for its members and/or their nominees, which was issued without restriction based on legal opinion letters predicated on false information. In or about August and September 2005, the SCG began to orchestrate and pay for promotional campaigns, including faxes, spam emails, and glossy promotional pamphlets touting NLST and DPRK, claiming that Hurricane Katrina would result in greater profits and higher share prices for the companies. Some of the promotional materials encouraged readers to purchase the stock and included price targets. None of the NLST or DPRK promotional materials disclosed that the persons who ultimately orchestrated and paid for the promotional campaigns, the SCG, owned or controlled significant positions in the stocks and that they intended to sell stock while encouraging readers to purchase it. Additionally, the emails falsely indicated that NLST and DPRK made filings with the SEC.
The complaint further alleges that in the spring and summer of 2005, the SCG obtained control of a company that had elected business development status under the Investment Company Act of 1940 and had registered its securities under Section 12(g) of the Exchange Act. The SCG renamed the company GBVS, and used it to acquire a company named Rudy Beverages. The SCG obtained control over large quantities of unrestricted shares of GBVS for its members and/or their nominees. Like NLST and DPRK, the SCG orchestrated and paid for promotional campaigns, including faxes, spam emails, and glossy promotional pamphlets touting GBVS. Some of the promotional materials encouraged readers to purchase the stock and included price targets. None of the GBVS promotional materials disclosed that the persons who ultimately orchestrated and paid for the promotional campaigns, the SCG, owned or controlled significant positions in the stock and that they intended to sell the stock while encouraging readers to purchase it.
According to the complaint, in some instances, accounts controlled by members of the SCG, including Lindberg, bought and sold NLST, DPRK, and GBVS stock in an effort to increase the volume in the market and to increase the price shown for the stocks. This trading activity and other trading activities were sometimes coordinated on a daily basis. During the SCG's promotional campaigns for all of the issuers, the price and daily trading volume of the stocks increased significantly. Throughout the promotional campaigns, Lindberg and other members of the SCG engaged in heavy selling of NLST, DPRK, and GBVS stock for prices far below the value predictions asserted in the promotional materials. The SCG and Lindberg personally profited through their sales of NLST, DPRK, and GBVS stock into the manipulated market.
The complaint further alleges that the NLST and DPRK shares were sold by members of the SCG, including Lindberg, without being registered with the Commission and without a viable exemption from registration.
The Commission's complaint charges Lindberg with violations of the securities-registration provisions and the anti-fraud provisions of the federal securities laws, specifically Sections 5(a), 5(c), and 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act and Rule 10b-5. Lindberg, without admitting or denying any allegations in the complaint, has agreed to a permanent injunction, an officer-and-director bar, and a penny-stock bar.
Acknowledgements
The Commission acknowledges the assistance of the U.S. Attorney's Office for the Northern District of Oklahoma, the Federal Bureau of Investigation; the Internal Revenue Service; the U.S. Postal Inspection Service; and FINRA.
The Commission's investigations in these matters are ongoing.
The Commission has published guidance for investors concerning investments in microcap stocks. See: http://www.sec.gov/investor/pubs/microcapstock.htm
Complaint v. Homeland Safety International, Inc. et al.
Complaint v. Lindberg
http://www.sec.gov/litigation/litreleases/2008/lr20645.htm
JRyan...this link explains some things, but doesn't say anything about us shareholders getting anything in return.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30753070
hmmm I had a sell order of 5000 shares at 0.025 for a few hours.
Nothing
Then I raised it to 0.275
nothing
Then 13000 shares at 0.03.....
See the sell at 0.03 was BEFORE I changed it. Odd wouldnt you say?
What the heck is up with this stock?
Somethings strange...
Volume 600 shares @ 0.012 for ~$7, odd isnt it? Just enough from Scottrade....the cost of the trade.
hmmmm
I have watched this one. Its a funny one but I will hold and will not sell 600 shares, I have a few thousand but that was wierd. Someone wants to hold it down.
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Number of Employees 2 as of Jul 1, 2007
SEC Reporting Status non-SEC Reporting Company Fiscal Year End 12/31
Estimated Market Cap 3,057,647.2 as of Nov 9, 2007
Outstanding Shares 122,305,888 as of Jan 17, 2007
Authorized Shares 500,000,000 as of Jan 17, 2007
Float 40,000,000 as of Jan 17, 2007
Deep Rock Oil & Gas, Inc. 9125 South Sheridan Suite 104 Tulsa, OK 74133 http://www.deeprock.net/ Phone: 918-592-2844 Fax: 800-689-6042 E-mail: sriker@deeprock.net Oil & Gas Explorationhttp://www.sec.gov/answers/unsolicitedquotations.htm http://pinksheets.com/otciq/ajax/showFinancialReportById?id=11561 Posting Rules for the Deep Rock Oil & Gas, Inc. board! All posters will be subject to the IHub TOU agreement. Any messages that violate the User Agreement or detracts from the civility of the board will be removed.
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