Turner Valley Oil and Gas Inc (TVOG)

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Turner updated DD: ACQUISITION(S) PENDING!

http://www.prnewswire.com/news-releases/turner-initiates-audits-to-close-acquisitions-and-uplist-to-otcqb-with-engagement-of-firm-briggs--veselka-co-300407747.html
http://finance.yahoo.com/news/turner-initiates-audits-close-acquisitions-130000479.html
http://turnerventuregroup.com/turner-initiates-audits-to-close-acquisitions-and-uplist-to-otcqb-with-engagement-of-firm-briggs-veselka-co-tvog/

HOUSTON, Feb. 15, 2017 /PRNewswire/ -- Turner Valley Oil and Gas, Inc. (the "Company") (TVOG), pending name change to Turner Venture Group, Inc., is pleased to announce it has engaged the independent auditing firm Briggs & Veselka Co. as its new certifying accountant, effective immediately as per TVOG's SEC Filing 8K yesterday.

Turner reached its decision to engage Briggs & Veselka Co. after a thorough evaluation by the Company's Advisory Board and with the concurrence of the Company's Chief Executive Officer. This is a critical next step to completing the acquisition that is already being structured with Turner's investment banking partner soon to be released in subsequent announcements. Briggs & Veselka Co. will audit the Company's financial statements for the past two years, an ongoing basis, and support completion of required SEC filings necessary for uplist to the OTCQB marketplace tier.

The Company reiterates the guidance previously provided in its press release issued January 18, 2017 that it fully expects to make acquisition announcements in the very near future. The Company has executed its plan through initiating necessary SEC filings, and now is working aggressively to produce results and complete the first acquisition as planned. Updates will be announced to shareholders as they become available.

So we have an unspecified acquisition, for which they have appointed a new accountant, are going SEC current, and uplisting to the OTCQB BEFORE the acquisition is completed, and maybe before the acquisition details are announced. The big question is why? Plenty of penny stocks make an acquisition and then take months to fiddle with their financials, and some do so while still OTC pink.

Why is Turner Venture different?

The quick, intuitive answer, is that they have made a deal to acquire a company large enough that it REQUIRED them to be OTCQB, or on the path to get there, before publicizing the agreement; and as a larger company, had the leverage to get what they demanded. Note that Turner also has an 'investment banking partner', suggesting that they have a fair amount of money backing them, which also supports the theory that this is a pretty big deal.

It shouldn't be too long before we find out.

In the mean time, the company has been catching up on its SEC reporting requirements. Their first SEC filing in years was mid January, and was the agreement with a consultant to help with acquisitions, strategy, and PRs.

Just in case we didn't understand this, a subsequent PR stated that it had "engaged Discount Edgar, Inc. to handle SEC Filings as a critical next step in meeting standards to become OTCQB listed and complete its acquisitions."

http://www.prnewswire.com/news-releases/turner-initiates-edgar-filing-plan-ahead-of-planned-acquisitions-300391727.html
http://turnerventuregroup.com/turner-initiates-edgar-filing-plan-ahead-of-planned-acquisitions/


On 1/24/17, the company released an 8-K with points of business from an investor meeting the prior year, intended to get the company ready for acquisitions, including a name change to remove the 'Oil and Gas' from the name, and the creation of preferred shares specifically for acquisitions:

http://ih.advfn.com/p.php?pid=nmona&article=73682053

On 1/25/17, the company website provided a status update, tying meeting with bankers and auditors to an upcoming unspecified acquisition:
http://turnerventuregroup.com/turner-provides-investor-update/

On 2/5/17, another update mentioned continued SEC filing activity, audit preparation, as well as social media and investor outreach plans:
http://turnerventuregroup.com/turner-audit-preparation-social-media-news/
Facebook Page: https://www.facebook.com/TurnerVentureGroup/
Twitter Feed: https://twitter.com/TurnerVenture

On 2/8/17, the company released a form 4 to detail the CEO's holdings, which include 9.25 million shares, or a little over 10% of the outstanding :

http://ih.advfn.com/p.php?pid=nmona&article=73804714

And that brings us up to the current time, with the engagement of Briggs & Veselka Co as the company's accountants. Who are Briggs & Veselka? They're pretty big:

http://bvccpa.com/about-us/

1) Houston’s largest independent accounting firm, founded in 1973
2) Fourth largest independent firm in Texas

You don't hire a company like this unless you mean business, have money, and have a lot of financials to audit, on a rock-solid, unquestionable, independent basis.

Something big is coming. Perhaps a couple of somethings big. After all, they repeatedly refer to their 'first' acquisition. Doesn't the first imply a second?

With only 86 Million OS, and a 69 Million float, TVOG has the potential to run huge when we finally know who they are acquiring. It already trades impressively thinly.

Keep an eye on this one.

http://www.otcmarkets.com/stock/tvog/profile