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Re: louijohn post# 2983

Friday, 08/22/2014 4:43:02 PM

Friday, August 22, 2014 4:43:02 PM

Post# of 3185
I have no idea...

I was waiting to see if he would get a big fine or required restitution that would encourage him to sell his resignation as CEO of this POS, which would then create some new opportunities with a change of direction , new board, etc.

He got no fine, just time. That tells me he's broke or he maybe would have tried to lessen the sentence with more restitution to the victims. He still owes his divorced wife a house or something and she's not getting any either.

He's way behind on SEC filings and I'm not sure how long one can go without filing before one gets halted. Still trying to find out more on that.

There isn't anything in the share structure that prevents a takeover, IOW he doesn't hold a preferred class that has a majority of votes or anything like that. He holds a few million shares of common and that's it as far as I can tell. Anyone could do either a proxy takeover, or a tender offer, or just get him to sell them his resignation and appointment of a new CEO.

Until something like that happens this baby's GONE DARK and on AUTOPILOT!

If he doesn't make any filings while in the joint I'm guessing KABX will get halted before 46 months goes by but I can't back that up at this point.

One thing's for sure, it should be really obvious and apparent to anyone watching that KABE OIL and KABX were never much more than a pump and dump scam orchestrated by crooked CEO Erik Ulsteen. And he wasn't even very good at doing his scams. I mean come on, the door to door fake stock certificate salesman scam??? Wow. Not real creative.

#KABX# lights out!


n ~ x ~ t ~ t ~ f

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