Glen Rose Petroluem Corp (fka GLRP)

[Renee]

GLRP SEC registration revoked:

https://www.sec.gov/litigation/opinions/2023/34-96857.pdf

[Kool Aid Man]

SEC suspends GLRP

SEC Suspension "due to a lack of accurate and adequate public information about the companies because questions have arisen as to their operating status, if any."

17. As of June 25, 2021, the common stock of Glen Rose Petroleum Corp. (ticker symbol GLRP) (CIK No. 0000354567), a Delaware corporation purportedly located in Katy, TX, had six market makers. The staff of the Commission attempted to contact this issuer and either the issuer failed to respond to the staff’s inquiry about its operating status, did not have an operational address, or failed to provide its registered agent with an operational address. In addition, this issuer does not appear to have an operating U.S. phone number.

https://www.sec.gov/litigation/suspensions/2021/34-92362.pdf

Order:

https://www.sec.gov/litigation/suspensions/2021/34-92362-o.pdf

[AAsuited]

been dead a long time recent activity

[AAsuited]

.004 x 0065

[AAsuited]

this is still trading

[AAsuited]

not delisted

[Ok234]

This stock needs more attention because of how thin it is.

[Ok234]

I'm just watching and it's crazy how thin this stock is.

[Ok234]

Great day up 33%

[Ok234]

Cant be the only one here

[Ok234]

Anyone have any info to why this stock increased?

[Ok234]

Haven't got into this stock but barchart looks like this.

https://www.barchart.com/stocks/quotes/GLRP

[Ok234]

very thin

[Ok234]

Low float

[Ok234]

Whats going on here.

[DrDouglas]

Here we go again. Up 260% at 0.0018 on 191K volume. Any ideas?

Dr. Doug

[DrDouglas]

Up 72% with an ask of .0049. Any ideas or news on the rise?

Dr. Doug

[DrDouglas]

Up 72% with an ask of .0049. Any ideas or news on the rise?

Dr. Doug

[dowjones78]

Take a look at the portfolio of ICO Fund, which invests in oil companies:

http://www.icofund.com/portfolio

GLRP is included in their portfolio, amongst the others. Another company in the portfolio, Gravis Oil, recently merged with and re-incorporated as Petro River Oil Corp (PTRC). The stock had a pretty good run so far. For several months prior to the merger news with Petro River, Gravis Oil was dead money, trading in the .000's before it suddenly swung back to life.

Last summer there were large blocks of insider acquisitions of GLRP stock (which you can see in the SEC filings). I've also noticed that their website has been taken offline recently. Are they redesigning the site, or is the company so defunct (dysfunctional?) to the point that they aren't even paying the monthly server hosting fees. My gut feeling is that something is definitely brewing beneath the surface, albeit at a glacial pace. My guess is as good as anyone else, but at this point, I'm just gonna wait and see.

[DrDouglas]

Moving up again. Any information or ideas?

Thanks.

Dr. Doug

[dowjones78]

I too have been a shareholder for some time (though not as long as 2005) and I've been trying to average down over the months that the share price dropped. There's a fellow over on the Yahoo message boards who is going out of his way to scare folks from investing in GLRP. On the surface, that's completely understandable, given the circumstances. But it seemed suspicious, coming from a source who claimed to not be a shareholder, yet seemed unusually fired up about GLRP.

He claimed to be an engineer who had worked on the Wardlaw field before and had personal gripes about the previous CEO (who had resigned several years ago). He says that the company had made several engineering blunders on the Wardlaw field, and totally botched things up. When I pressed him further, he claimed that it would take about 18 months to correct.

Given the company's silence over the past year, as well as the press release in 2010 indicating that they believe that there are several million recoverable barrels of oil in the Wardlaw field, as well as insiders acquiring additional shares during the summer months, I figured there was a chance that something could be brewing.

However, it seems that Lenny (the bum in Manhattan who has touted this stock in the past) is actually pumping this one again, so who knows...

[DrDouglas]

Sorry to hear that. Will let you know. I really believe that something is going on.

Dr. Doug

[dowjones78]

Let me know when you get a response. I too have tried contacting the company several times, but no luck. Several months ago, in the summer, I got through to a live person who promised that someone would get back to me, but no one did.

[DrDouglas]

Up 74% to $0.24! Glad I doubled down at 0.15! Still have no idea of what is going on with GLRP.

Dr. Doug

[DrDouglas]

I also sent a message to the President of GLRP and at least the message was not returned. However, no response as of today.

Dr. Doug

[DrDouglas]

Am I here alone??? I tried to call the company but to no avail. I called the transfer agent and they were of no help to include an inability to give me company contact information. The transfer agent did say that the company is still alive. The stock is up 8+% today at 0.13 off a December 2012 low of 0.04. I have sent a message to the last known president and will let this board know if I receive anything. If any readers of this board know anything, please let me know. Thanks.

Dr. Doug

[DrDouglas]

Does anyone have any information on GLRP? I have had this stock since 2005 and have a high average price share. Hopefully it is coming back.

Dr. Doug

[dowjones78]

Let's hope you're right about this being a bottom play.

[Golden Cross]

thanks for the info... I say it the other day as maybe a bottom play

[dowjones78]

The company seems like a blind crap shoot, as they haven't released anything (financial, PR's, or other filings) in quite some time. Their website has been "under construction" for a while now too. I've called them several times to inquire about this. The receptionist took my info, and promised that someone would get back to me, but no one ever did. Seems almost like a phantom company. Folks on Yahoo message boards don't seem too optimistic, calling this GLRP an operator of "Stripper Fields".

OTC Markets is reporting that as of Oct 17, 2011, there were 1500 shareholders of record:

http://www.otcmarkets.com/stock/GLRP/company-info

I could never figure out why there are 1500 investors if the company isn't filing anything, and isn't even communicating with their own shareholders.

[Golden Cross]

Nice bottom bounce here.. see if it continues

[willlbone]

Someone dumped their shares. Buying 7 cent today. Back to a dime.

[dowjones78]

Anybody here still follow this company? Any idea when their "Under construction - Coming Soon" website will be launched?

[TheGreek1]

Who is Lenny from 47 street? This one seems like a pump and dump!

[ONELOVEMONEY]

Lenny on 47th st is telling everyone to buy this stock but i have a feeling someone is shorting it ill keep buyn cheap shares till october then see what happens for now im holding

[Trunner]

Oil is cheap right now. the price wont stay this low when the demand starts rising for the winter months and the price of these oil stocks will also shoot up. Oil: $86.89 up0.11 0.12%

[Trunner]

This has slowly crept down in price-unnoticed. Great time to buy here at .30!

[shurtha2000]

Nice Volume who is buying this lately?

[fung_derf]

LOL! I had to do some research to figure out what the heck this was and why I owned it. With Walter Mize long dead, I had totally forgotten about this company. Do they still actually do anything?

BTW, the absolute best steaks I have ever eaten were via this company. Walter was raising some Viennese beef or something like that on the land and the steaks were incredible!

[Krakatoa_Dean]

I hung on a bit longer


managed to get .38

[fung_derf]

If anyone is interested, I just sold some shares. Tried to get the last trade at .32, but settled for a market order that went at .25.

[MONEYMADE]

Here is the funny part...."we will re-evaluate the need for a stock exchange listing as our business develops."

He (CEO) has no idea how hard it will be to get back on NASD.

WHAT A JACKASS!!!!!!

[MONEYMADE]

I cannot advise you....OTC is different animal.

If this goes to pinksheets you are really screwed.

As previously announced in January, the Company received a delisting notice from The NASDAQ Stock Market LLC ("NASDAQ") due to the Company's non-compliance with NASDAQ's $1.00 per share bid price requirement. In response, the Company requested a hearing before a NASDAQ Listing Qualifications Panel to appeal the Staff's delisting determination. On March 4, 2010, the Company advised NASDAQ that it is withdrawing its appeal and request for continued listing. Accordingly, NASDAQ will suspend trading of the Company's securities effective with the open of business on Monday, March 8, 2010.



Following the suspension of trading on NASDAQ, the Company expects that its common stock will be quoted on the OTC Bulletin Board (the "OTCBB"), which is operated by FINRA. In that regard, the Company has been advised by a market maker that it has filed the necessary application with FINRA to quote the Company's securities on the OTCBB. It is expected that the application will be cleared by FINRA so as to facilitate trading on the OTCBB beginning on Monday, March 8, 2010. In the event, the application is not cleared by FINRA in time for trading on Monday, the Company's securities will be eligible for quotation and trading on The Pink Sheets.



Andrew Taylor-Kimmins said, "while we are excited about the prospects for the business going forward, particularly now that we have completed our financing, our decision to leave NASDAQ is based on our view that, at this stage, the effort to maintain compliance with the NASDAQ listing standards would be an unnecessary distraction for management. We intend to continue to publicly file our periodic reports with the SEC and we will re-evaluate the need for a stock exchange listing as our business develops."



In the U.S., over-the-counter trading in stock is carried out by market makers that make markets in OTCBB and Pink Sheets securities using inter-dealer quotation services such as Pink Quote (operated by Pink OTC Markets) and the OTC Bulletin Board (OTCBB). OTC stocks are not usually listed nor traded on any stock exchanges, though exchange listed stocks can be traded OTC on the third market. Although stocks quoted on the OTCBB must comply with U.S. Securities and Exchange Commission (SEC) reporting requirements, other OTC stocks, such as those stocks categorized as Pink Sheets securities, have no reporting requirements, while those stocks categorized as OTCQX have met alternative disclosure guidelines through Pink OTC Markets.

[**SinGGuy**]

Thanks for your message. I am new to trade. I have some shares of GLRP @.89. Will the GLRP go up again? is it possible to sell easliy on OTC? Pls advise.

[MONEYMADE]

Can you sell? Is this the question??? The stock is not halted only removed from Nasdaq and listed on a different exchange.

How does this affect investors...

1. Institutional run from otc/pinksheet stocks like th plague. 2. And traditional forms of funding are all but out the window.


Way to go GLRP CEO...after these idiots made the $1 listing requirements....ROFLMAO!!!!

[**SinGGuy**]

Is it possible to sell back GLRP shares on monday? Pls advise

[MONEYMADE]

Anything under 55c is gold --MONEYMADE

[MONEYMADE]

True enough...but Monday's are fun too! weeeeeeeeeeeeeeee!

[MONEYMADE]

CEO shot all his investors in the azz with that last paragraph.

[langlui]

i guess it all depends on investors sentiment