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Blacksky Technology $BKSY Total Debt (mrq) $105.79M Book Value Per Share (mrq) $3.62
Spire Global Inc $SPIR Total Debt (mrq) $130.93M Over pumped Book Value Per Share (mrq) only $3.51
Eliseo Securities aka Timo Strattner Scam Alert
( search this info on ripoff report)
TIMO STRATTNER LARRY WOGHIREN ELISEO PARTNERS LIMITED (dissolved company that was used to scam investors money) EVI GLOBAL GROUP LIMITED EVI GLOBAL GROUP PTY LIMITED EVI GLOBAL TRUSTEEN MANAGEMENT GROUP LIMITED Shenzen Qianhai Forest Wood Capital Management Co, Ltd ELISEO PARTNERS (ASIA) LIMITED A Casa (UK) LTD (dissolved company that was used to scam investors’ money) eliseo.co.nz/ , eliseofinancial.com/ , evigroup.hk/en/, evitrading.com,forestcapitals.com , eliseosecurities.com They took my OTCBB and Pink sheet stock deposits, and stole the proceeds. Internet
The two individuals above have been preying on the micro-cap industry for years now. Eliseo Securities AKA Evi Trading
AKA Forest Capitals are scams. Timo Strattner ( right) and Larry Woghiren ( left) are criminals. In our case he has committed Larceny, Wire Fraud, securities fraud. ( to name a few)
Timo Strattner, and Larry Woghiren have dozens of companies they use to commit micro-cap fraud on individuals having difficulty clearing OTC ( bulletin boards & pink sheets) The scam is simple. They pretend to be wealth managers, and can facilitate the clearing of penny stocks. ( PK/ OTCBB) They then sell the securities & keep the proceeds. Once the authorities start looking at one of they're many dissolved corporations.They incorporate a brand new shell company in a new jurisdiction with a new website, and commit fraud yet again.
checkcompany . co.uk/director/292525/LARRY-WOGHIREN
beta . companieshouse.gov.uk/company/09057533
opencorporates . com/companies/nz/6791855
opencorporates . com/companies/nz/5906448
It has now been over 6 months since Eliseo Securities and kept most of our proceeds. We have requested for our entire balance for months. ( only to be given small amounts, or been lied to.) Timo Stratter owes us over 1 million USD. (The funds were settled months ago at Interactive Brokers & wired out of his custodian account illegally without our permission. Interactive brokers has told our attorney they do not take shares that belong to a 3rd party on a prime account. (therefore from the very beginning Timo defrauded our company by taking shares in his prime account that according to IB is illegal. He blatantly committed fraud by telling Interactive brokers the shares belonged to Eliseo securities. He then had them picked up at the transfer agent with a confirmation number vs. an actual shareholder name. Once IB took the shares under custodian he then transferred the shares via DTC into an account in Eliseo Securities name. (this way he concealed the true origin of the shares.)
Since the sale of the shares he has kept the majority of the proceeds. ( In addition to keeping the proceeds he outright denies giving you the prints of the stock sales. We have requested them several times only to be given a piece of paper with some numbers in it that don’t make any sense. We estimate that besides stealing our proceeds he also stole an additional 30% of the total transaction by giving us fake transaction reports. He has kept stringing us along for the last several months with the promise of a payment but is now obvious this was a well-orchestrated scam. (We have all e-mail communications, WhatsApp communications, phone conversations saved and are actively working on a criminal complaint with the New Zeeland authorities)
( If you are thinking of depositing any penny stocks. OTCBB or Pink sheets.) Please do your due diligence on these two scammers, and the multitude of companies they have created, and dissolved. If you are a victim of a scam by Timo Strattner , Larry Woghiren or one of they’re several dozens of shell companies please contact:
Lauren Barker at 0800 347 257 ( New Zealand Securities/ Fraud Department), or file a complaint with fma . govt.nz/contact/make-a-complaint/make-a-complaint-online/
They are in contact with several law enforcement agencies to bring these two scammers to justice.
Algae Dynamics – Update July 2015 - Not allowed to trade on any exchange.
Algae Dynamics - Investigations and Litigation
Algae Dynamics Report
Algae Dynamics Questionable IPO
Algae Dynamics Investor Presentation
Algae Dynamics: Anatomy of a Questionable Canadian IPO in US Markets
http://seekingalpha.com/instablog/37671456-nohedge/3753786-algae-dynamics-anatomy-of-a-questionable-canadian-ipo-in-us-markets
Since 2013, NoHedge has assisted investors to navigate U.S. Traded Canadian company space (OTCBB) that has proven to be full of companies actively engaged in deceiving investors. As investors read our exposé on Algae Dynamics (formerly Carbon Converted Technologies) today they need to realize that our due diligence process employed similar tools, such as background checks, court records, transcripts, and SEDAR and EDGAR filing analysis that led to the halt and trading of numerous frauds. Today's report on Algae Dynamics combines these approaches and allows us to make our strongest impact of fraud to date: limit public investor losses before it can trade. The choice investors are left to make is very simple: Do I buy Algae Dynamics and wait for the rhetoric that its management and its fee collectors will spout or do I sell out prior to what we believe is the inevitable bankruptcy, trusting in our due diligence and track record? The choice is yours and yours alone to make. We have made ours.
Algae Dynamics is controlled by Richard Rusiniak and Paul Ramsay, former Cymat Technologies (TSX: CYM) founders, management and directors. Sandra Elsley, an Officer of Algae Dynamics and a marriage and family therapist, heads financing and investor communications. All three have colorful histories further discussed in this exposé.
ALGAE DYNAMICS RED FLAGS
• Algae Dynamics is controlled by former founders and management of Cymat Technologies (TSX: CYM), who ran the company into the ground for over $13,000,000 ($13 million) in accumulated losses by 2002. Over 4 years, they decreased annual sales of less than $300,000 per year to $0 in 2002 when Mr Ramsay and Mr Rusiniak were retired from the company.
• In the final year of employment at Cymat, these two Algae Dynamics Directors lost $7 million in just one year before they were retired.
• 86% of Algae Dynamics is owned by insiders who paid a total of $100 for all of their shares.
• No independent technology review.
• Only management is paid – no staff.
• Capital raised and grants exceeding $2M – most of which is accounted for as “expenses” as of March 2014 (per S1 filings).
• There are no employees or operations in the United States.
• Money is not spent on technology.
• Nominal equipment : $27,000 (as per 2014 S1)
• There are no operations, their focus is on shares sales and future share price.
• Offering documents in 2013 state future value at $250 million; however, the registration S1 statement proves no revenue, assets or profit.
• Primarily funded by a small group of unsophisticated Ontario-based investors.
• No registration, offering, prospectus or exemptions filed with the Ontario Securities Commission.
• The company has pushed for accelerated registration despite serious operating concerns and material omissions.
• No Canadian listing sought.
• Future securities litigation likely from regulators and Ontario investors relating to the Company’s prior private financing offerings.
• No independent engineering reports from a major recognized engineering firm.
• Classic pump-and-dump statements from their investor relations/financier.
• Reverse split prior to S1, masking numerous prior raises at different prices.
• Algae Dynamics goes to a new low in boiler-room share sales: Hire a family therapist to manipulate unsophisticated investors into parting with retirement funds with the promise of high returns. Details of this is covered later in this report.
S1 REGISTRATION STATEMENT
https://www.sec.gov/cgi-bin/browse-edgar?company=algae+dynamics+corp HYPERLINK "https://www.sec.gov/cgi-bin/browse-
The Securities and Exchange Commission is tasked to protect future investors, with limited resources, by determining whether a prospective company is real or not. In this case, Algae Dynamics filed a registration statement with the SEC under private cover pressing to accelerate the going public process without public view. Eventually in the fall of 2014, Algae Dynamics filed its public S1 statement which requires full disclosure of operations and audited financials. The audited financial statements share a new light on the “multi-million dollar company” with some audited numbers:
• 86% of the company is owned by insiders and they too are already seeking to sell shares.
• Insiders paid $100 total for 8.6 million shares.
• Executives were compensated in excess of $120,000 in 2014.
• The remaining shares for registration were purchased by a small group of unsophisticated Ontario investors.
• No revenue now or in the foreseeable future.
• Low/no cash (shows $63,000 in the bank as of March 2014).
• Shareholder agreement terminated with Waterloo University researchers (the technology and bacteria source).
• No money to sustain operations or build a plant.
• No operations people, employees, plant staff on payroll.
• Massive yearly losses.
• In 2014, $3,000 spent in Research and Development – hardly substantial R&D into new technology
• The S1 includes an employment agreement for Sandra Elsley, a family therapist in Niagara Falls, Ontario, who was paid to raise capital for the company and handle investor communications.
• No operational plant.
• No production.
• No Form 4s or Form 3s from insiders.
TROUBLING EXECUTIVE BIOGRAPHIES
The S1 statement contains glowing biographies for the executive team but fails to disclose material information:
Paul Ramsay, CEO and Chairman and Richard Rusiniak, Director
Management claims in their S1 that Paul Ramsay is “Co-founder and former CEO and VP Business Development of Cymat Corp, (TSX: CYM) with a market valuation over $150 million upon his resignation in 2002” and Mr Rusiniak’s is similar.
Fact Check: Cymat Technologies 1998-2002 Annual Reports prove the executives ran the company into the ground and the company lost over $13 million, no sales, and significant year-after-year losses:
Year (source: annual reports) Net Profit YTD accumulated losses Sales
1998 $490,000 loss (omitted from AS) $78,000
1999 $1,400,000 loss (omitted from AS) $265,000
2000 $3.13 million loss
2001 $2.9 million loss $6 million loss $264,000
2002 $7 million loss $13 million loss $0 (Ramsay leaves here)
2003 $2.3 million loss (Algae Dynamic Execs no longer employed)
The year 2000 financial statement could not be located for this exposé; however, 1998,1999,2001,2002,2003-2005 were available to fill in the gaps – you get the idea: huge losses. The inflated share value came from the Internet bubble. The stock became a penny share with massive losses shortly thereafter. Yearly losses were cut significantly when Algae Dynamics management “retired”. The Cymat 2002 Annual Report states:
“Paul B. Ramsay* A director since June 1998, Mr. Ramsay was a co-founder of the company and retired as Vice President of Cymat in March 2002. Richard J. Rusiniak* Mr. Rusiniak has served Cymat as a director since June 1998, and was a co-founder of the company. He retired as Vice President in March 2002.”
Sandra Elsley, VP Communications
Sandra Elsley S1 Biography: “Over 25 years of experience in human relations and the organizational development field as a communications and relationship expert, working in government, corporate and private sectors. Extensive experience developing, marketing and managing peak - performance programs to enhance individual and company dynamics in Canada and internationally. Was involved in the start up of an Ontario based company, was instrumental in raising funds and working as VP Corporate Communications/Investor Relations - share price went from $0.50 to $7.70. Has privately owned and managed a successful psychotherapy and consulting practice since 1991.”
Fact Check: SEDAR and EDGAR do not reveal Ms Elsley working for any public company that had a share price that went from $0.50 to $7.70. There is one public filing from a non-public company that states Ms Elsley’s employment with the company was terminated with cause. There are also numerous judgments and court orders against
In SPAM emails to new potential investors, Ms Elsley claimed the Mr Ramsey and Mr Rusiniak were "smart business men who made $50,000,000 Million about ten years ago and retired" and she goes onto say they "Spent alot of money, got bored, and decided to find the next best product to market." Ms Elsley failed to disclose to investors material information like the two men enjoyed high compensation, share sales to unsuspecting investors, while driving Cymat to a $13,000,000 loss, never achieving a profit, and little to no revenue in less than 5 years.
Ms Elsley will be further discussed in the capital raising detail of this exposé.
SEC S1 CORRESPONDENCE
The Securities and Exchange Commission has now published comments from SEC staff and answers from Algae Dynamic company executives. Highlights of the communications include:
• Get company public now, without quality disclosures.
• The S1 amendments are rife with material omissions and errors.
• The SEC required a material 424B3 filing immediately after the “automatic” Effect statement to ensure the company cannot go public or trade at this time.
• The SECs request and Algae’s management refusal to upload the material shareholders agreement with Waterloo University researchers.
• Numerous deficiencies in the S1.
• Brute-force immediate responses from the Company to the SEC comment letters and a demand for an accelerated effect statement without normal review.
OFFERING DOCUMENTS AND PRIOR FINANCING RAISES
(Figure 1 – financials used in prior financing rounds in 2013)
Fact Checking Highlights of Offering Materials vs. Audited Financials in S1
False Claim Offering Document Actual audit from S1 statement
Revenue 2014 $5.5 million $0 nothing
Gross Profit 2014 $3.6 million $0 nothing
Plant Equipment 2014 $2.6 million $27,000 + 1 computer
Net earnings YTD $2.5 million profit In excess of $722,000 lost
EBITDA (page 8 of document) $247 million value $0 profit x 15 = $0 value
SEED MONEY IN S1 IPO
Most troubling in this company is the lack of investment bank underwriting or financing. Offering documents and materials found on the internet paint a troubling pump-and-dump story. A family therapist, Sandra Elsley, is an officer of Algae Dynamics titled as “VP Corporate Communications”. In an unusual role for a family therapist, Ms Elsley’s job is to find money for Algae Dynamics and handle investor communications. Pacer court records and other public court filings detail numerous prior and current litigations over the past ten years involving Ms Elsley detailing a history of fraud and misrepresentations. A quick search of the names listed in the S1 reveal related numerous litigations, including a transcript from a Nevada lawsuit naming Sandra Elsley as an interested party.
In Pacer, case cv-01463 document 14-1 filed 11/25/13, contains a transcript of of one of many of Ms Elsley’s depositions. In the first 50 paragraphs, Ms Elsley reluctantly admits, after first denying, that the largest private placement investor in Algae Dynamics is a mental-health therapy client of Ms Elsley’s and that Ms Elsley borrowed significant money from her. Ms Elsley refused to disclose the amount she borrowed; however, she did indicate that she had not repaid the loan. This raises a serious concern of “nominee shareholders” whereby Directors and Officers of Algae Dynamics would benefit directly from an S1 investor selling into the market if the company became public. These monies could be disguised as loans to the insiders as they are in most OTCBB scams.
There are numerous SPAM emails by Ms Elsley seeking investors in Algae Dynamics, contrary to securities law. Prospective investors were promised the company would be public in 6 months, have a substantial share price, and that Ms Elsley had a lot of news to announce to pump the share price.
MATERIAL NEWS NOT REPORTED IN 8K FILINGS
Press Releases by Algae Dynamics are NOT filed with the Securities and Exchange Commission.
Algae Dynamics issued a press release dated November 25, 2014 that the SEC declared their S1 Effective after hours on Friday November 21,2014 however they failed to disclose they had to file a material 424B3 filing the following trading day, Monday November 24, 2014, thereby nullifying the Effect Statement. The press release included contact information to receive a prospectus for investment to seek MORE investors.
The S1 on page 12 states: “ Each time we file a post-effective amendment to our registration statement with the SEC, it must first become effective prior to the offer or sale of shares of our Common Stock by the selling shareholders.”
424B3: A form of prospectus that reflects facts or events that constitute a substantive change from or addition to the information set forth in the last form of prospectus filed with the SEC.
NO CURRENT 10Q or INSIDER FILINGS
Algae Dynamics has not filed quarterly financial statements since its year-end of March 2014.
None of the Directors, Officers or insiders of the company have filed mandatory Form 3 and Form 4s with the Securities and Exchange Commission reporting the shares they own and how much they paid for them.
LIKELY RECISSION OF INVESTMENT BY ONTARIO INVESTORS
The Ontario Securities Commission overseas investment and market regulation much like the Securities and Exchange Commission in the United States does. Ontario’s RIGHTS OF ACTION FOR DAMAGES OR RESCISSION mean shareholders who purchased shares in Ontario can demand a refund or file an action against the company and individual who sold them the shares illegally or by misrepresenting facts. Due to time limitations, we expect the Ontario S1 investors will soon commence actions against Algae Dynamics or the Officer who handled their share purchase to recover their money. The Ontario Securities Commission can be very helpful in this regard.
Boiler-room emails from IR blindly seeking fresh investors and press releases publicly seeking investors will likely draw the intervention of the Ontario Securities Commission.
SECURITIES AND EXCHANGE COMMISSION STATUS
At this time, the SEC is not permitting Algae Dynamics to trade on the OTCBB market. Future litigation and likely rescission of investment by Ontario investors will pepper Algae Dynamic’s filings for years to come.
In the unlikely event the company does go public, the only shares registered for sale are the S1 investors – the company did NOT file a shelf registration to sell its own registered shares in the future. If Algae Dynamics trades, the only shares available on the market would be the S1 investors looking to exit as quickly as possible. Presently, the Company is not publicly traded. It has not sought registration for any of its treasury shares for future financing.
Algae Dynamics is following the same pattern of business management as Cymat Technologies and we would not be surprised if the SEC chooses to deny its registration as a public company. Algae Dynamics does not even deserve to trade on the Pink Sheets in our view. Cymat Annual Report 2002: http://globaldocuments.morningstar.com/documentlibrary/document/feab00a6c298ae88.msdoc/original
Disclosure: I will short Algae Dynamics if it becomes public. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Posting scam report here because admins always delete posts which reveal them:
Highest volume day on MELY ever.
Dumping day, confirming the 0.0001 price.
Pardon me, but didn't I say exactly that this is the reason why Brett leaves? The only purpose to change CEOs is that the old one is free to bail out.. Come on, guys.. I know the game well:) Stop dreaming for once. You can save your money.
It is still a lucrative deal - he got shares much cheapier than 0.0001. First he satisfied others, now he bailed out.
What? He already maxed out A/S? well, not surprising. Why do you think it was 7.5 billies? A typo? A mistake to be fixed? People here DREAMED how it will be reduced. How dilution is now over. Come on, get real.
100% SCAM
MELY I really have an opened mouth (!!!) when I see some folks are still positive about this stock. Freaking unbelievable!
It does when they sell for $25,000/acre. EOR got $10,000,000 for 800 acres. They still own 15,000 acres in the Permian Basin and HAVE $10,000,000 in CASH!
NOPE! acres doesn't matter what matter is bopd and 68 bopd? its a joke
whats next? dilution? current shareholder get wiped out once again?
Found a new BAGHOLDER. ZERO. YUP, just like the ticker symbol. ZERO. This one PLUMMETTED from $1.88 to .50 in the last year. $2.5 million in Equity, over inflated market cap of $100 million. DONT BE THE NEXT BAGHOLDER!
WHAT? DOWN 99%? WILL ANY SHAREHOLDER GET THEIR MONEY BACK? WHERE IS SEC? OH YES NO SEC REPORT LOL
EOR is a scam. It's down 99% from its highs and they have only trash acreage left to "develop[". There is nothing left there to develop. They have no production and no reserves. It's basically a shell going to sub penny. The shl guy is spot on with what he is saying. Not sure how anybody else could ever think otherwise given the facts and history of that POS.
LMAO, EOR HAS $10,000,000 in cash from selling off 800 acres. EOR HAS MORE THAN 15,000 acres in the Permian Basin. NEW DEVELOPMENT FUNDS!
you mean 68 bopd is enough to make money? NOPE! acres does not matter! what matter is how many bopd EOR can produce!
68 bopd is a joke!
EOR IS DONE! lets mark as SCAM!
Yup, plenty left! Sold off 800 acres for $10,000,000, Milnesand and Chaveroo have over 15,000 acres.
$10,000,000 for NEW development!
EOR SOLD ANOTHER ASSET? ANYTHING LEFT? that $10mm will last 9 month then WATCH OUT!! DILUTION COMING!!!
ITS A SCAM!!!
Check out this SCAM, EOR. Promoters took it from $.25 to .03 in 24 months. 1 bag holders, yes only 1 bag holders left. Promoters have left shareholders with P/D.
I wouldn't buy XBOR either. It's risen 500% in the last year. Looking at the chart the smart money bought in the .20's and got out at $1.40+. Those looking at XBOR now missed the trade and 500%.
WHERE DID THE $30MM FROM THE LAST MONETIZATION GO?? EOR sells assets and management/promoters pocket the cash. What is there to show for the last $30MM the company had? They have 68 BOPD!! Of course it's a scam! $30MM disappears and 68 barrel/day is all that is left!
Check out this SCAM, XBOR. Promoters took it from $4.65 to .28 in 12 months. 40 bag holders, yes only 40 bag holders left. Promoters have left shareholders with LAWSUITS COSTING THE COMPANY MILLIONS.
Yet shareholders of EOR got nothing but more HUGE losses and 400BOPD LESS PRODUCTION from the last $30mm that disappeared with no explanation.
Look…it's real simple…EOR was concocted as a typical Canadian penny stock scam. They raise over $100mm and never achieved more than about 500 BOPD. $100mm has now disappeared, assets have been sold to the benefit of management... NOT shareholders and the stock sits near all time lows. There is nothing left here to develop that $10mm would ever matter. A truly responsible management with a shred of moral decency would dividend out this last $10mm to shareholders and close the doors. They will pocket it with no explanation like the last $30mm and drift into the world of super sub pennies. This company has nothing left worth owning but promoters will insist otherwise. Ask why EOR has never tried to develop this last acreage until it was the acreage left to develop!!
update! i lost over 76%!! SCAM ALERT!!
short EOR!! you will make lots of money!! they are selling asset!!
YET, YOU FOR GOT TO MENTION....EOR MONETIZED $10,000,000 in CASH!
WHAT? 68 bopd? my back yard produce more than that!!
what a joke! SCAM ALERT!!!!
EORIF NOW HAS OVER $10,000,000 in CASH, NEW DEVELOPMENT MONEY!
Yes, $10,000,000 in CASH!
Be advised that this "$EORIF REPORTED $6.8 million in CASH, no debt, record revenues, $68.5 in RESERVES. 400-500 bopd production valued at $40-50 million." statement is dated. This was reported years ago so it's completely outdated and irrelevant today. EOR sold off the majority of their reserves, production (only 68 bopd left now) and acreage for only $10mm. It was a complete firesale to keep the doors opened. They could not find financing and their credit facility was yanked.
EOR has been a dubious scam for years showing 99% losses in the last several years. Management simply concocts some bogus story like a "CO2 flood", it get's promoted, never happens and cash from asset sales disappear with nothing to show for it.
EOR sold off their production and only asset worth owning (Crossroads). They only produce 68 BOPD from a marginal field that has been a huge disappointment for many years. There is no more "EBITDA" and no more "record revenues" for this company. It's a real scam...look what happened to the last $30mm from when they sold St Johns. Shareholders were never told where that money went but it's gone now and production actually declined to 68 BOPD. Not sure how anybody can manage a profit in this stock with it all time lows especially with all of those shares admittedly bought between .20 and .30.
Nobody will ever be able to get out regardless. EOR is going sub penny soon enough.
$EORIF REPORTED $6.8 million in CASH, no debt, record revenues, $68.5 in RESERVES.
400-500 bopd production valued at $40-50 million.
i bought stock called EOR and i just became a bagholder!! watch out for EOR!! its a scam!!
READ this!!
"Operating Performance 1st Quarter 2014"
The Company was unable to negotiate a financing on terms acceptable to the Company to fund its development
drilling in the Milnesand Field that it hoped to commence in the first quarter of 2014. After an extended period of
reviewing proposals and draft loan documents and an extended diligence period, management determined that the
selected lenders could not complete the required financing without substantial costs and delays or on terms
otherwise acceptable to the Company. In addition, the Company incurred a substantial cost in a workover to recover
a significant oil well in the first quarter of 2014 that seriously affected the Company’s current financial condition.
As a consequence, the Company must either, complete one or more debt or equity financings, enter into some form
of joint venture or sell assets in order to fund its operations and development activities. The Company sold certain
non-core property interests in Texas for approximately $0.4 million in February 2014 and is endeavoring to market
the Crossroads field in a private transaction. As a result, the Company has restricted its current operations to those
matters necessary to sustain production.
"Accordingly, the timing of development drilling in the Milnesand field, expected to commence in January of 2014, has been delayed until the Company completes one or more of the following: a financing arrangement, a third party joint venture drilling
arrangement or sells assets. In April 2014, the Company executed two non-binding letters of intent with potential joint venture partners for the drilling of three wells in Milnesand. Definitive agreements are expected to be negotiated where the co-venture partner can earn an interest in the Company’s Milnesand or Chaveroo field development projects in exchange for funding the Company’s share of the drilling and completion cost of the initial wells."
1.NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS
Under National Instrument 51-102, Part 4, subsection 4.3 (3) (a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor.
2. S@P Capital review McGraw Hill financial shows $10,000.00 invested 5 years ago is now worth $1,254.00 Is that a 10 banger that headed in the wrong direction
3. At March 31, 2014, Enhanced Oil's cash and cash equivalents were $4.2 million, net cash used in operating
activities was $414,000, and net cash used in operating activities was $399,000.
4. total current liabilities of $5.9 million
5. Revenues for the three months ended March 31, 2014 were $1.9 million vs. $2.4 million in the prior year,
declining 21% year over year
6. FROM .28 TO .028 WITHIN 2 YEARS!!
Anyone look at the Lehnq board classic p&d
No, I just bought an additional shares because I know where EOR is headed. Any stock that has a market cap of $10 million, has $6.9 million in cash, NO DEBT and is CASHFLOW positive, reported $228,000 EBITDA on record revenues of $3.2 million is about to take off. $54 million in Reserves
YES, I feel I can sell off some of my shares for a profit, I am already in the money as I was able to tag the bottom...Thanks, why I bought them down here.
so you want to PUMP the stock cause you have shares right? so you can sell your headache to others?
EOR=red flag
sorry. but EOR already got a red flag from DD support board and fraud research team.
it is not right to PUMP the SCAM stock. of course i know that you don't want to loose your money but at least you should bring correct DD
you can't pump the stock so you can GET-OUT
by the way you said it "just picked up 500,000 shares at .055 and "it does need to be promoted"?? that is WRONG. if any one check the EOR they have no volumm friday they had 6000 shares traded
Long list of bagholders being exposed. Just look at my stalkers.
BLXX, AASP, INNO, SLNN, ZERO, XTOG, now XTOGD, lets not forget they BK one being heavily promoted....ROHIQ.
And then you wonder why they go after EOR, when EOR reports $228,000 EBITDA on record revenues of $3.2 million. Having $6.9 million in cash, NO DEBT and reserves of $54 million.
Again no bagholders. I am actively buying in this SP range. The market cap is only $10 million. The have $6.9 million in cash. No debt. And reported $3.2 million in revenues last qtr. They reported $228,000 EBITDA.
In 2015, EOR will begin the Co2 flood in th Milnesand and Chaveroo field. These field in compass 21,000 acres in the Permian Basin and are projected to produce 1500-3000 Bopd. They are reserves current have a PV-10 of $54 million, under CO2 flood they will be valued at $260 million.
agree this EOR is for a bagholder LOL LMAO
EOR is dead put this on loser columm