Was listening to Teddi and Chozan's last Petro Informational Business call from Nov. 17, 2010 (now available online).
Just some key notes from the call and things said that are related to Petro America Corp.
Some clarifications from Chozan regarding information given out on the last call. Fidelity does not allow loans to be taken out against Treasury Bills so Chozan said that the Treasury Bills would have to be converted into Treasury Bonds then the Bonds can be used as collateral for the loan.
Chozan clarified that it is around 75% of Petro Shareholders that are his clients that own Dinars (not 75% of all PAC shareholders).
Chozan again talked about taking from each person's brokerage account and investing it in many diverse items and trying to turn it into $100,000 a month. Just as he also clearly stated in the last call.
A guy asked about if his friend could transfer his Petro shares over to him or if he had to wait until the shares went public. Chozan said the shares could be sold as private property if it is not trading publicly as long as it is reported as income on taxes to the IRS. Never told the investor that Petro America Corp or a TA would have to know about the change of ownership of the shares. Showed little knowledge of how this process actually works. Teddi Berkowitz interrupted and told this gentleman to send in all his information to Petro America Corp. as a 3rd party shareholder. The guy said he did contact Petro America Corp about it over 3 weeks ago and he was told they had no record of the person that wanted to transfer ownership of the shares over to him being a shareholder. Chozan told him to set up a 10 minute consultation for Chozan to talk to him in private about the situation.
Next Chozan introduced his two guest speakers who work together in some business dealing with equity accounts - Jan Williams and Darrie Schlesinger (from Atlanta Georgia). This was introduced as an opportunity for people to invest in now before the dinars or Petro America shares pay off as a way to get a better return than what people may currently be getting with any other investments they may currently have.
Jan talked about annuities being a guaranteed 5% return. A person asked Jan about if Chozan's goal of $100,000 return per month off of $300,000 was realistic. Jan said worst case scenario is 5% but it can be higher. Jan was not willing to back up Chozan's claims. This person asked Jan to guarantee the 5% gains and that nobody would not lose money by investing in the annuity program. Jan guaranteed at least 5% gains.
Teddi jumped on and said that she doesn't know where this $100,000 a month returns figure came from. She says that she believes the $100,000 a month figure was based on $1,000,000 in investment capital which was based on owning 100,000 Petro America Corp shares at $10.00/share. She then reminded everybody that it was based on investing in a number of different investment vehicles which would add up to that amount in a month.
