Beware, The Monarch Bay Way
Item 8.01 Other Events.
In its most recent filing on Form 10-Q, the Company has previously disclosed the following relative to the Bridger-Fromberg-Bear Mountain project:
“Due to our insufficient funding levels, we failed to make the January 2010 scheduled minimum annual payment of $62,541 under our lease for the Bolzer Property, which is part of the Bridger-Fromberg-Bear Mountain project and the only mining rights we currently hold. Although we have not received a notice of default or terminations from the lessor of the property, there is no assurance we will not receive one in the future.In addition, we have identified some potential imperfections in our legal rights to the lease for the Bolzer Property. We have not had sufficient financial resources to resolve these potential imperfections. Therefore, there is no assurance we have valid legal rights to the lease for the Bolzer Property.”
As a result of the recent completion of the Company’s merger with Maple Carpenter Creek Holdings, Inc., the Company’s new management was advised on October 6, 2010 that the lessors of the Bolzer Property purported to terminate the lease for the Bolzer Property effective April 26, 2010. The Company’s previous management has disclaimed knowledge of receiving any prior termination notice. Current management is evaluating this matter to determine what actions will be taken.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MANAGEMENT ENERGY, INC.
Date: October 8, 2010
By:
/s/ Jack W. Hanks
Jack W. Hanks, President andChief Executive Officer
I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!
