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EDEP inactive security. FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Merry Christmas Tom and to anyone still here
Merry Christmas Tom and to anyone still here
Merry Christmas Tom and to anyone still here .
"I know he is is still trying...."
Heck, in the same time span, I could have found more oil by scraping the accumulated spills off of parking spaces...... In the same time span, I've taken more oil from oil changes in two cars to the auto parts store for recycling!!!! I should have formed a pinkie company and sold shares!!! LMAO!!!!!
I know he is is still trying , why should he bother with anyone that all they want to do is try to destroy any chance of success . So explain why after a post from january you all of a sudden decided to post some more worthless BS. I mean why? is this all you have to do in your spare time , and you wonder why theres no info here anymore LMAO.
you mean that you're still here among others left holding a bag full of worthless Eldorado wallpaper after funding wildcatter's delusional lifestyle for a while?
I watched this one a long time, it smelled even worse than HMGP so fortunately I never put a dime into this one.
That was a funny reply tho Badge, Gomer Pyle was not what I expected that link to take me to.
I've been long gone. I made a few bucks trading it.
Hello Bob. I didn't know that you were into this POS.
Keep checking you may get a surprise someday.
I check here every week or so, to find out if the site is still up. Better yet, if the "shell" IS BOUGHT, maybe they'll exchange shares to close us out. Never give up.
Unless you can beat 78, you're still a kid to me.
It doesn't take a lot to excite me at my age.
I was curious if you were reading the board, since Tom has yet to respond. Does $3.63 get you excited?
Your math skills are a little off.
A BIG DAY!! $.36 traded.
Thanks. I'm better at my day job than I am at picking winners at the OTC racetrack... so needless to say, I'm keeping the day job.
GLTA
excellent clarification.
I would say that he won all of the appeal, but that he did not appeal all of his convictions. To quote the U.S. Court of Appeals for the Tenth Circuit:
kingman are you are choosing to regurgitate koolaid instead of actually reading the document? the fraud convictions for David Laurance were not changed or diluted by the appeals court. however, the other people involved in the matter were insulated from laurance's standing guilt convictions. read the document.
He won part of the appeal and its listed on the documentation that you gave the link to just now , and in the end it was shown he was only issued a minor fine because the final determination was this whole thing was in violation of some rule but the rule was so obscure and it was deemed that it was unintentional so he was given a minor fine if memory serves me right with no intention of fraud at all. .Then after it was shown that he wasn't guilty of anything some here on the site would just keep posting falsehoods which were all removed as was most of what was posted here because it wasn't true and was possibly libelous and the posters were permanently banned form here. Funny how this par twas left out again.
sorry double posted.
The last time you guys ranted about this years ago it was posted here wasn't it.
Yup lucky, the ones who invested in this venture would like to know. If he has worked a scam for years with other "pinks" then I would like to know.
Those who do not learn history are destined to repeat it...
any documentation to support that claim?
he won the appeal
yes old news followed by several more failed penny stock companies with Mr Laurance at the helm, including edep.
The appellate decision that you cited/linked to was issued Dec. 16, 1994. While that arguably makes it old news, it is new news to me.
Thanks
A jury convicted Mr. Laurance of two counts of securities fraud in violation of 18 U.S.C. 1001, two counts of mail fraud in violation of 18 U.S.C. 1341, one count of interstate transportation of money or property obtained by fraud in violation of 18 U.S.C. 2314, and two counts of engaging in monetary transactions in criminally derived property, a violation of 18 U.S.C.1957(a). At sentencing, the government asked the district court to enhance Mr. Laurance's sentence for being a leader, organizer, manager, or supervisor pursuant to USSG 3B1.1(c). The district court agreed, enhanced Mr. Laurance's sentence, and stated:
What the evidence clearly did show was that this was a scheme to defraud, actually several schemes involving different issues of securities, these penny stocks which were fraudulent in their purpose, and many people were involved in it. Some of them actually may have had criminal knowledge and didn't get charged. It's hard to say. Some of them may have been innocent dupes, as Mr. Fimberg has suggested.
http://law.justia.com/cases/federal/appellate-courts/F3/43/1484/553000/
The corporate status has been revoked: http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=SXsCIVXSBTIL7hJNooGWEA%253d%253d&nt7=0
EDEP (i.e., ELDORADO EXPLORATION INC.) technically no longer exists, although it could be reinstated. I am not sure how that works under Nevada law, but it is not difficult under the laws of the states that I know. For example, the Nevada Secretary of State's website says that the outstanding fees needed to pay for reinstatement are only $1800: http://nvsos.gov/sosentitysearch/FeeDetails.aspx?ctok=SXsCIVXSBTIL7hJNooGWEA%253d%253d
If that second link works, it also has a link to a reinstatement packet: http://nvsos.gov/Modules/ShowDocument.aspx?documentid=636
and hear the same baseless story telling that he has been misleading his fleeced investors with for the past 15 years.
kingman, with your PMA you should run for office. Tom is not a bad guy, just a unlucky gambler. He crept up, crapped, and has now creeped away. At least he took a shot, but I would still like to know what the value of the "Assets" are, AT THIS TIME, Since the stock is now worthless, unless you think that $.0001 has a value....what about the assets?
So, it's like Linus and Sally in the pumpkin patch. You’re Linus, holding, and sincerely keeping the faith. I’m Sally I guess, holding insincerely because I cannot sell. If you recall the Halloween special, you better keep sincere... and it’s harder than you think.
Seriously? Is it "keeping the faith" if we cannot sell?
I'm curios. What's the VALUE of the natural gas leases, and/or how much will it cost shareholders to not lose the lease, since we paid for the drilling? What happened to the drilling in Comanche, Texas? Good, bad or indifferent, we paid for that information and it would be nice to know what the hell is happening. How about it Tom? Good, bad, or indifferent, right is right. Time to hear from you, I believe.
I agree he's a good man, but I think he's done trying.
Just a matter of faith baby. He's a good man and he's still tying.
We're pretty much in denial without a paddle
We're pretty much in denial without a paddle
ya gotta be in denial
Ya gotta believe .
It's not even half of zero:
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WEBSITE: http://www.eldoradoexploration.com
Eldorado Exploration, Inc. is an independant oil and gas exploration company with rights to drill on over 60,000 acres leased in New Mexico, Texas, North Dakota, Illinois & Nebraska.
Eldorado Exploration approaches oil & gas exploration with an intelligent and sensible philosphy. Eldorado's high caliber veteran oil & gas experts qualify projects that maximize shareholder value by pursuing achievable prospects that have multiple confirmations of potential, from both the PIP process and standard geological methods.
The advancements in exploration technology and passive induced polarization (PIP), allow Eldorado Exploration to profit from newly discovered oil & gas reserves not previously detected. With recent innovations in exploration techniques, Eldorado is able to discern which potential targets have sufficient reserves to be a commercial success, and which do not.
Eldorado Exploration's mission is to combine the latest of technology, including PIP, current established standards in geology, geophysical science, telluric, seismology, computer enhancements, and other available methods to discover the largest commercially viable oil and gas deposits. By focusing on prospective targets with larger accumulations we are able to increase our success rate.
Eldorado Exploration is an independent oil & gas company headquartered in California with operations in New Mexico and Texas. Its shares are listed on the pink sheets under the symbol EDEP. Eldorado Exploration has a strong commitment to its shareholders, the communities where we conduct business and the environment.
____________________________________________________________________________________________________
Natural Gas Chart & Oil Chart
http://ih.advfn.com/p.php?pid=webchart&symbol=edep&period=0&size=19&volume=1
_____________________________________________________________________________________________________
EDEP KEY PROSPECTS:
New Mexico - Eldorado Exploration has drilled the Mesa #1 Gas well on an 11,000 acre structure in New Mexico with 95' of logged gas sands. Completion and testing are scheduled to be done in the 2nd Quarter 2008. There could be up to 50 gas wells on the company's acreage. These sands have been prolific oil and gas producers in other parts of the Permian Basin but gas is expected to produce on the Mesa leases. Eldorado Exploration, Inc. has 11,300 net acres over the center of a possible 30,000 acre gas field.
The company has also leases two additional lease blocks west of the Mesa field that have a similar PIP signature reading of gas. These leases are 14,000 acres and 16,000 acres in size.
Note: New Mexico is the 2nd largest state in gas production.
Texas - The company is preparing to drill an Ellenburger test in Comanche county on a 400 acre Seismic and PIP identified target that may have up to 5,000,000 bbl in recoverable reserves. Eldorado expects to have a 20% working interest.
_____________________________________________________________________________________________________
Technology and Well Operations:
The company takes advantage of PIP discovery technology to identify targets overlooked by other drillers because of their incomplete or unsubstantiated geological information and uses those wells to produce oil and gas exploration for the production to be sold to nearest refiner or pipeline.
Eldorado Exploration possesses what it believes to be a significant business advantage over the competition through the use of a proprietary exploration methodology referred to as Passive Induced Polarization (PIP). This process has been developed over the past 15 years and combines a series of technologies including seismic, passive induced polarity, radiometrics, tellurics and computerized enhancement supported by surface and subsurface geology and geophysics. PIP was developed by a geologist and a geophysicist (the PIP Group) who have devoted their careers to petroleum exploration in the Texas oil patch. Since 1992, over 50 wells have been drilled using this technology. By using PIP, these two geoscientists have been successful in the discovery of three new oil fields, resulting in the drilling of over 50 wells with only six dry holes. Just as 3-D seismic has greatly improved the success rates in drilling, the PIP Group believes that it can take advantage of PIP discovery technology to identify targets overlooked by other drillers because of their incomplete or unsubstantiated geological information.
The Company plans to fund its efforts and all assets that will possibly be acquired will be used to generate income for the company.
____________________________________________________________________________________________________
Most Recent EDEP Press Releases:
For a List: http://www.eldoradoexploration.com/pressreleases.php
____________________________________________________________________________________________________
Charts Link:
http://ih.advfn.com/p.php?pid=webchart&symbol=edep&period=0&size=19&volume=1
<img src="http://stockcharts.com/c-sc/sc?s=EDEP&p=D&yr=1&mn=0&dy=0&i=p26551830725&r=1213">
_____________________________________________________________________________________________________
Management:
David Laurance, Pres.; David Clark, Dir.; Robert Talley, Dir.;
David Laurance - President - Mr. Laurance (a Mensa member) has been involved in the oil and gas industry since 1974 and has studied geology at the University of Oregon and Southern Oregon University. He has participated in the drilling of over 300 wells in 10 states and has worked with Chevron, Phillips and Union oil on joint ventures. Mr. Laurance has also acquired and marketed oil concessions in Columbia, Oman, and Indonesia.
Robert Talley - Director - Mr. Talley graduated from the University of Colorado with a BS in Civil Engineering. After a successful career in real estate construction and development; Mr. Talley became involved in promoting oil and gas projects in the Rocky Mountains and Texas. His activities have resulted in several new field discoveries and he currently involved in the acquisition of prospects for Eldorado Exploration in Texas, New Mexico and Utah covering over 20,000 acres. From 1984-1989 he also owned a successful stock brokerage firm in Denver, Colorado.
David Clark - Director - Mr. Clark has served in key marketing, finance and business management roles. He has been involved with oil & gas drilling since 1985. Mr. Clark served as Vice President of Praktek Venture Corporation and North American Country Inns, Inc. for which he was responsible for strategic planning, marketing, capital investment and operations management. He served as Vice President Marketing Operations for Mortgage BancFund Corp. and Vice President of Western States Mortgage Corporation where he was responsible for strategic planning and market development. As a principle of DMC & Associates, he has designed and implemented business and marketing strategies for several developmental-stage financial businesses and one manufacturing business. He served as President of HomeLand Money Centers responsible for all operations and management including governmental compliance and negotiation of national funding sources. He most recently served as President of Intelligent, Resourced, Innovative Services, Inc. (IRIS Marketing), and Chief Financial Officer of eCo.marketing, Inc. He has served on the board of directors of North American Country Inns, Inc., USADial-up, eWorldInsurance and also served as a financial advisor to Cyberkey Corp, GiveWiseGames and RenderStorm. He has played a major role in the formation, organization and rollout of several entrepreneurial ventures as well as in capital formation, financing and in the establishment of financial operations and protocol. Mr. Clark graduated with a BA in Economics from BYU.
_____________________________________________________________________________________________________
Headquarters:
Eldorado Exploration, Inc.
15707 Rockfield Blvd.
Suite 130
Irvine, CA 92618
Phone: 949-916-0680
Fax: 949-916-0686
http://www.eldoradoexploration.com
_____________________________________________________________________________________________________
Share structure:
A/S:.....10,000,000 (as of 8/20/09)
_____________________________________________________________________________________________________
Most recent EDEP filing:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=13602
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=11404
Moderator retains the right to delete posts as per moderator guidelines set forth and allowed by website. EDEP board is for EDEP discussion only. Posts deemed a threat to fellow shareholders, company, or pps will promptly be removed.
This board is for investors in EDEP and those researching whether to invest in EDEP or not. Opposing views should be accepted as part of the research process.
Discussion of other stocks are welcome on general stock boards. Please use them, or use private messaging.
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