Petro America - Kansas Corporation

[nodummy]

Listened to the Chozan Behn call (hosted by Teddi Berkowitz) from last night, 11-10-10. Was curious what was said about Petro America Corp.

The full audio is available online.

Took down some notes from the call.

Regarding Petro America Corp:

Chozan said that he spoke to Owen Hawkins on the phone recently and Owen authorized him to talk about some parts of that conversation.

Chozan said that Petro America Corp has absolutely done things that will ensure it's ability to trade and move forward.

Chozan said that there are some improvements in the management structure which he was unable to elaborate on at this time.

Chozan said he was impressed with what they are doing to ensure that Petro America Corp moves forward and trades.

Chozan also said that there are some people that have come on board that are doing some positive things and Petro America Corp will be just fine.

Teddi added that the auditor is still working and everything is moving forward.

Chozan said that he estimates that 70-75% of Petro America Corp shareholders are also invested in the Iraqi Dinar program (that seems high to me so I wonder if he only met 70-75% of the ones that listen to Teddi's informational calls). Chozan then promoted the Iraqi Dinar program saying if you are not yet invested in that program than you should be. At one point in the call an example was used in which they said that $1 Iraqi Dinar would convert back to $5 America Dollars.


Chozan spent the rest of the call talking about his Brokerage Account program.

The Brokerage Account is set up through Fidelity.

He talked extensively about the program in relationship to the Iraqi Dinar program.

Basically the way it will work is like this:

They set up the Brokerage Account for you to use in advance so when the Dinars are ready to be converted the account is already there to wire the money into. This way you avoid having any personal receipt.

The Dinars are converted into U.S. Currency.

They then use the U.S. currency in the brokerage account to purchase Treasury Bills.

Next they take out a loan using the treasury bills as collateral (borrow against the Treasury Bills). This is done because loans are not taxable.

Next instruct the brokerage firm to follow the the financial plan in the matter that they have talked about. Doing it this way is the only way to avoid capital gains taxes. Any other way you will experience capital gains taxes.

Their plan is to take the money from the loan and invest it (spread it out) to turn your money into a return of at least $100,000 a month.

When the term loan expires they say to instruct the brokerage firm to keep the collateral against the loan instead of paying back the loan. One of the explanations given for this is because loan interest in most cases is lower than the amount of interest you will gain on the treasury bills. (loan interest is in the 3% range and Treasury bills pay in the 4% range). So you come out with a net gain.


Chozan did on a couple of occasions mention Petro America Corp publicly trading shares in relationship to the Brokerage Account program saying that you would never want to sell your Petro America Corp shares because they will go up in value well into the future.


The whole thing kicks off with a tax planning appointment for $125. Then the purchase of the Brokerage Account, etc. I didn't listen for details about prices but I'm sure it's not cheap.



Chozan named his team involved in this process.

At the top is Maurice Autrey. Who Chozan introduced as the financial person that Chozan deals with and uses for personal advice. Chozan said Maurice was a Licensed Real Estate Agent and Financial Planner with a series of licenses to offer the products which Chozan has talked about.

Maurice Autrey is not a CPA. Search for yourself if you like.

http://www.dca.ca.gov/cba/lookup.shtml

A search on the Certified Financial Planner website turned up no results for Maurice Autrey:

http://www.cfp.net/search/

A Real Estate license search for the state of California did show that he is a licensed salesperson:

http://www2.dre.ca.gov/PublicASP/pplinfo.asp?License_id=01824256

License Type:
SALESPERSON

Name:
Autrey, Maurice Lydell

Mailing Address:
1177 S RESERVOIR STREET
POMONA, CA 91766

License ID:
01824256

Expiration Date:
10/21/11

License Status:
LICENSED

Salesperson License Issued:
10/22/07

Former Name(s):
NO FORMER NAMES

Employing Broker:
License ID: 01517305
Payne Investment Group Inc
1465 SHELL BEACH RD
SHELL BEACH, CA 93449

Comment:
NO DISCIPLINARY ACTION

NO OTHER PUBLIC COMMENTS

Autrey and Associates, The Maurice Autrey Team
1177 S. Reservoir St.
Pomona, CA 91766

http://www.themauriceautreyteam.com/

The Maurice Autrey Team
503 1/2 Myrtle Ave
Monrovia, CA 91016
Fax: [phone]



The other part of the team mentioned is Doug Gunn. Maurice said that Doug will be doing most of the work because he is in the office more.

Doug is a certified CPA affiliated with the Dunlap, Wachbrit, Behn & Associates CPAs, Inc.

Doug Gunn
Dunlap, Wachbrit & Behn, CPAs
Doug Gunn
760.747.1040
Email: [e-mail]

Douglas Norman Gunn CPA
license #30720
Issue Date 10-03-80
1930 West San Marcos Blvd.
Space #391
San Marcos, CA 92078
San Diego County


Maurice also mentioned somebody named Alex who is a Senior Tax Manager that will be involved.