Tuesday, March 24, 2015 3:04:14 AM
TB's greatest fear is that of exposure. I don't think he's driven as much by ego (although that is a HUGE factor) as he is by FEAR.
Nobody knows where all the money and shares actually went in the various "deals" he and his fellow felons have put together over the years. Sure, the director fees, perks, and "retirement funds" have been amazingly lucrative for someone who's failed to generate any revenues at all, but it is my belief that the REAL money is made on phantom transactions with offshore entities.
If he loses control of his companies, if he loses access to information about any legal or accounting searches through the company records to see who has actually benefitted from these transactions, he knows he is in serious trouble. He has built a house of cards, and he absolutely depends on controlling access to the information used to create that house.
FF may differ, but I don't believe he is a dolt who was taken in by Malcolm Bendell in TOG. I don't for a moment believe Tim Baldwin was "taken in" by another conman, and wasted TXO assets on a failed vision from a raving lunatic. It is my belief that he and Bendell had a beneficial partnership, used to launder funds from their various criminal transactions through a multiplicity of offshore and almost untraceable transactions. They shared a crooked accountant, Mark Callaway, who "worked" at RAM, Silk Road, East African Oil, Frontier Mining , and EEGC. They had a common interest and a common bond, and hoped to use their various frauds to compliment and support each other. See, in addition to TOGL and TOG, the Coleridge Resourses "deal" whereby Malcolm Bendall and the TXO crew tried to turn a defunct and stolen empty shell company into a 35 million payday using nothing other than a few sham transactions and press releases.
They currently share and have the active support of a deeply crooked and nearly bankrupt lawyer in constructing these transactions.
They didn't, and don't, care whether TOG (or Athabasca, or OTR, or ORS, or GBG, or even TXO) live or die. They are simply conduits to funnel shares and cash. If those shells collapse (sorry, WHEN they collapse) they will be replaced by other front companies and the fraud will continue.
He is a criminal who fears exposure. A sociopath, a liar, a fraud. That's the simplest explanation.
Recent TXO News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/07/2024 08:13:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 08:06:49 PM
- TXO Partners Declares a First Quarter 2024 Distribution of $0.65 on Common Units; Files Quarterly Report on Form 10-Q • Business Wire • 05/07/2024 08:04:00 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 03/05/2024 09:48:48 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/05/2024 09:25:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 09:20:52 PM
- TXO Partners Declares a Fourth Quarter 2023 Distribution of $0.58 on Common Units; Files Annual Report on Form 10-K • Business Wire • 03/05/2024 09:18:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 11/07/2023 09:06:45 PM
- TXO Partners Declares a Third Quarter 2023 Distribution of $0.52 on Common Units; Files Quarterly Report on Form 10-Q • Business Wire • 11/07/2023 09:05:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2023 08:23:08 PM
- TXO Partners Declares a Second Quarter 2023 Distribution of $.48 on Common Units; Files Quarterly Report on Form 10-Q • Business Wire • 08/08/2023 08:19:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2023 08:17:24 PM
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