Liberty Petroleum Corp. (fka LBPE)

[Renee]

LBPE FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[Renee]

LBPE SEC Admin Proceeding dismissed:

http://www.sec.gov/litigation/admin/2015/34-76272.pdf

[Renee]

LBPE SEC Suspension for Financials / Filings delinquencies:

http://www.sec.gov/litigation/suspensions/2015/34-75384.pdf

Order:

http://www.sec.gov/litigation/suspensions/2015/34-75384-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2015/34-75383.pdf

[AAsuited]

Had 100,000 shares pre-reverse

.009 average $900

paid 2692 cash= 10,000 x.2692

6 shares of LBPE

How is this cash payout calculated in the up coming tax year? Is it interest or dividends? I didnt sell any stock.

Thanks to anyone who can help. Been playing BIG board stocks almost exclusively for the past 6 yrs since pennies haven't been as much fun since the heydays

[amadeus]

and the PR today says that

the authorized is reduced to 3,200 shares.
wow.

[Renee]

LBPE one for 15,000 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=01/22/2014&mkt_ctg=NON-OTCBB

[AAsuited]

Thanks lifegear. Gonna hit the hay for the day.

Weird trade yesteday. It would mean .002 bid and .01 ask. Nothing would please me more than a moonshot and more here. Not getting too excited yet. Likely it's MM's playing shares.

[lifegear]

I was told the level II ask is at .01

[AAsuited]

there is a bid .002 for 10000 shares-------just no ask. I don't have level 2. My info is from pinksheets.

[lifegear]

NO INSIDE ..meaning no inside bids?

[AAsuited]

Lifegear,

Pinksheets lists LBPE best ask as "NO INSIDE." There is no ask price listed. Do you know what this means? Either this is getting delisted or something is in the works

Thanks for the tip. Look at ITRM. It is a shell I've been watching. U can get 100,000 shares cheap there. Haven't bought yet. There was mention of reverse, but hope it doesnt happen. Small risky play, but there is activity in Nevada filings. There is a board on Ihub for some good DD. OS needs to checked, but appears tight with .004 X .007 Bid and Ask

Know this is off topic-----but no one here but us GLTY

[AAsuited]

No. I did not realize this traded yesterday until now. Have no intention of buying more unless something of substance like a PR surfaces.

Saw 2 trades of 1333 for .009 and .01 for Oct 6 2008

Been watching CNGG. Nice pop there recently

There is a bid of .002 and no ask on pinksheets.com. Figure this would have to be thinly traded

Been done buying since 2006. Just hoping and waiting-----then periodically checking the stock.

Pure speculation money in this. No big deal if losing GLTY

[lifegear]

CNGG is waking up too .02x.03 from subpenny

[lifegear]

are you accumulating again?

[lifegear]

did this file for chapter 11 before?

[AAsuited]

Just like my statement for LBPE .000. LOL

I checked pinksheets under the filings, but can't access the old statements. Pinksheets shows filings from 1972 to 1987. It would appear LBPE was once a NYSE, NASDAQ, or AMEX stock long ago during the 70's and 80's.

We have new MM added recently the symbol is AUTO. Maybe the filing is in the final hurdle and we will see some action in 2008? New MM's don't get added on dead stocks very often for nothing. Best time to buy dormant stocks with potential is now before the crowd arrives

No guarantees here, but the potential with Nevada fields, a filing, a low O/S of 47 M, we may have something fantastic in the works. May have to hold this for a while, but long term gains sure sweeten the pot.

Are you in this lifegear? GLTA
SPOC sure looks tempting at .0021


Here is the MM line up for LBPE

Doms .002 bid 5k
Nite .002 bid 10k Nite .01 ASK 10k
Carr .002 bid 5k Carr .03 ASK 5k
AUTO .000 -1

[lifegear]

can you believe scottrade is showing zero value for this?

[lifegear]

that nasty mm is trying to lower the pps by moving down the ask at .01

[lifegear]

still trying to figure out if this Liberty Petroleum Inc will be using the LBPE symbol...according to LPI's most recent filings, they plan to issue stock at a minimum price of .10, then .50 and .90

the current o/s indicated in the filings is similar to what nasdaq.com shows for LBPE but the weird part is that according to those filings, they haven't identified what the stock symbol should be

http://www.secinfo.com/dsWxw.u8n.htm

[AAsuited]

Actually no. Just our fellow 3 MM's getting and creating volume until something happens.

My 100k shares are long term gains if this lifts off as hoped. Sept 30 2007 was the date all my shares became long term. I put a small amount into this from my penny winnings. About $750. Staying in this for the eternal long term.

SPOC has been beaten down and looks tempting. Can't wait until December when all the bargains start appearing. People sell for tax losses, and I get to play vulture capitalist :)

[lifegear]

was that you? =)

[lifegear]

and that 115K trade didn't even register in the charts but they showed this bidwhack at .002 with 35k shares

[lifegear]

I thought you bought more

[AAsuited]

Yes. It appears the MM's did a "short covering?" The bid and still stayed at .002 x .03 after that 115k trade

I am staying in this with my 100k shares for the very long haul. No reason to sell

Wonder if those Canadian guys have bought this "shell" from the LBPE guys in New York from the pinks sheets info? Could explain the erratic rtading activity.

[lifegear]

are you still holding this?

[lifegear]

not sure

[AAsuited]

Meaning there are 2 separate Liberty Petoleum companies?

[lifegear]

that Liberty Petroleum that had the recent filing is also based in NY and it should be trading in OTCBB sometime soon--the initial selling pps is .10

[AAsuited]

Yes, I bought at subpenny to test the waters. Always tread lightly on low volume stocks. .0065-.009 is a buying range, but have not bought since last year.

[lifegear]

weren't you buying at subpenny?

[lifegear]

I left a msg to the sec filer but no reply yet

[AAsuited]

Nice DD Lifegear. The lawyers have this filed in the name of "Liberty Petroleum Corp." While the first filing has this in the name of "Liberty Petroleum Inc."

I did a yahoo search and only this stock symbol LBPE comes up. With only 47.6 million OS, this stock is going to have a good bump with any decent news. It took over 2 months for me to get 100k of this stock. Of course, I bought on the cheap between .0065 to .009. Will have some long term gains in May.

The addresses in the filings don't match the info on pink sheets, but the lawyers are based in New York relatively nearby------------some place named Great Falls, NY.

So much conflicting info. Finally some action soon? You did mention in an old post of a filing in thw works GLTA.

[lifegear]

per Delaware SOS, the authorized is 75M and nasdaq showing 47.6M o/s, not sure if this SEC filing is meant for LBPE but it states that common stock will be offered soon for a minimum price of 10 cents

http://www.secinfo.com/dsWxw.u1c.htm

[AAsuited]

My home computer is down and I can't access the link. Odds are that if the "filing" is in the works..........this is likely our company. If I had a shell like this, I sure would do something to raise the PPS.

[lifegear]

is this the same company? http://www.secinfo.com/$/Search.asp?Find=liberty+petroleum

[AAsuited]

Small bit of bid whacking the past couple days by the MM's. Tried buying at .002 prior to my .0065 buys with no success.....so I know for a fact the MM's are shuffling shares. Don't think there will be any action on this until next year? JMHO

[lifegear]

I've confirmed with the T/A for SPOC o/s is only 16M

[AAsuited]

Indeed. It is like Robseller says "get in before the crowd, and get out before the crowd." I stay away from stocks like UPDA, AMEP because these are so touted and are diluting machines. I sold king when they doubled their OS (knew they were diluting and the stock would fall). High float & OS stocks are hard to make $$$ on......except flipping for chump change.

I only buy oil/alternative energy OTCBB, pink stocks for any long term plays..........these tend to have the lowest failure rate and largest frequent gains. Also I never buy any OTCBB, pink with over 100M OS.

I've looked into SPOC and did the DD this past July. Some strange volume spikes in that one. On my watchlist, but have not found a compelling reason to buy. Old management of SPOC appear to be in jail? Will have to re-DD this one. Anything going on in SPOC------appears to be an empty shell

[lifegear]

I think we're on the same brainwaves...are you looking at SPOC too?

[AAsuited]

No. All my buying was done on last Thurs+Friday. That was less than 2500 share total. Some goofy trades going on here. If it takes me 2 months to complete a 60k order GTC at .0065 than no one should be able to buy at .002.

If the company is completing a filing, then I doubt they would sell so cheaply at .002. I see the MM's passing shares among themselves. Unusual volume today for a normally dead stock. Something must be in the works with filing u mentioned.

Believe it or not, I bought KING in 2005 March at .005 on rumor of "something in the works". As you know KiNG hit .25 cents this past summer. Also bought IRCE at .008 and .05 when I bought king in March 2005. Sold King and still have IRCE. Don't know if LBPE will do well, but I like the potential with the Nevada fields and filing in the works. Using my hunch and think this is worth some speculative buying. In for 100k and waiting to see what happens. GLTY

[lifegear]

are you buying today?

[AAsuited]

Yes. Almost 2 months later my GTC is complete. Finally! Speculative hold, but using winnings to divirsify into more pennies.

I'll bet we go to .002 bid .03 ask after this.

[lifegear]

are you trying to buy some more?

[lifegear]

what was mentioned was he's doing the paperwork---could be a filing imho

[AAsuited]

Less than 5000 shares to finish my GTC. Slowest fill ever. Have had my order in place about Aug 3. As I keep saying, they really don't want to fill me......MM's just tend to fill me in 15k to 5k lots.

Lifegear, in an earlier post, u stated that u couldn't post certain information. Is the company going to issue a PR on their status or possible future drilling plans?

[lifegear]

I'll check it out

[AAsuited]

Lifegear, I can't post a link, but I typed "Liberty Petroleum New York New York" in the Yahoo search engine and got the articles within the first 20 "hits."

[lifegear]

Can you provide a link to this article please?

[AAsuited]

GTC order almost complete. That 200 share signal at .03 last week was to stop giving away cheap shares to me!

[AAsuited]

LBPE appears to also supply 40 gas stations in the Philadelphia area according to an April 22, 2006 article. The article was about gas stations running out of fuel due to being required to adapt to ethanol fuel mixes. The person commenting for LBPE was Wayne Hummel. Not sure if Hummel is CEO or VP, but must be high on the corp. ladder to speak on behalf for LBPE.

Also caught a 1997 lawsuit article against LBPE, Hogan Energy, Willaim Hogan, and Carl Roberts. For the various violations of "unplugged wells" LBPE was fined about 1.2 mil and Hogan Energy was fined about 600k. The dispute was about who was responsible for complying with environmental New York laws during certain decades after LBPE bought those 60 oil wells.

This would explain why LBPE is sitting at pennies in 2006. The violation was unintentional by LBPE and likely hurt the company for some time. With the high price of oil and gas, I am sure LBPE has paid off this fine by now. Otherwise how could LBPE buy oil leases in the Rocky Mountains and Nevada?