Far Vista Petroleum Corp. (FVSTA)

[lubberboy]

Are we making a comeback? One of my best plays right now came off the expert market about a year ago!

GO FVSTA

[kentonmag1]

I kept this post as you asked me a question to my post 1475 where I stated my negativity was 100% correct. In a mocking way scorned my comments and you suggested that this Company (FVSTA) was different, i.e. refineries oil fields etc. Well all I can say is I am still 100% correct, at .0001 I could not have been more correct.

Also in my 1475 post I mentioned I thought GRLT might succeed however I changed my mind quickly and became a basher of it and have been proved 100% correct that it was a scam also.

Have a good weekend. Don't you just love it when I'm always correct!!

[sidedraft]

My Quotestream screen shows 616 million O/S

OTCMarkets shows 616 million O/S:
http://www.otcmarkets.com/stock/FVSTA/profile

iHub shows 616 million O/S:
http://ih.advfn.com/exchanges/USOTC/FVSTA/stock-price

The A/S is still at 950 million:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=bAyoN3LtT%252fi8rBPpWN2uBg%253d%253d&CorpName=FAR+VISTA+PETROLEUM+CORP.

[SKIPPERANDGILLIGAN]

bloomberg showing only 20m O/S. New board members? Maybe new ownership? Im goin to see if i can buy this.

http://www.bloomberg.com/quote/FVSTA:US

[24K]

Hope again?

[24K]

So this one wake up huh??

[SKIPPERANDGILLIGAN]

HUGE trade last night. 10,000
http://www.marketwatch.com/investing/stock/FVSTA

[24K]

Lost my money with this garbage and scam. The worst penny stock ever!!

[lubberboy]

Maybe not, could be way underpriced. C'mon FVSTA come out of the dark!

[lubberboy]

Isn't FVSTA's oil fields near Kiev, Ukraine where all the unrest is taking place? They need all the oil and gas they can get. Maybe this sucker will come back to life!

GO FVSTA

[sidedraft]

Overpriced.

[Dspetry]

Time Price Volume Market
14:04:21 0.004 19990 OTO
16:03:51 0.004 61 OTO

Nothing like a +3,900% day

[janice shell]

I think they do that in an effort to keep shareholders quiet. That gives them time to strip any assets the company may own, and slink off into the night before there're any threats of class actions and the like.

[DragonBear]

after the obligatory "relisting effort"

Change that to the obligatory:

Far Vista's corporate/securities attorney is preparing a Form 15c2-11, which we expect will be completed shortly.

What I've never figured out is why these non-reporting greys bother to make such statements? Do they feel the need to stroke their egos pretending to be busy at work trying to get off the grey sheet? So that their stockholders will remember them with fondness for having "tried"? They always try to make out as simple as filling out a simple form, and presto it will happen.

Meanwhile their attorney would be telling them: You need to obtain audited financials. And then file a 10-12G, and S1. Also need a Termination Notice from the SEC closing the investigation, else no MM is going to sponsor a 211. Of course they have never filed anything. Typical of non-reporting greys. An audit, and disclosing the stock structure around an illegal dump is the equivalent of a CEO performing a self hanging in front of the SEC. Very few of these microcaps bravely volunteer for it.

So they go dark. Maybe in a couple of years the SEC will file litigation against the Russians. Attempt to force disgorgement of any profits from their stock dump, along with fines. Meanwhile the Russians have gone back to Russia, and might be protected from the SEC. Dunno, how close the International cooperation is on civil proceedings.

[Al4343]

Not much of a party. A string of blatant lies. The company never responds to anything, only put out false prs over a two month stretch, now disappears after the obligatory "relisting effort" back in December.

Al

[reddog1111]

I guess the party is over.

[newmillionaire]

as long as it spark trading and i can exit with dignity. :)

[Russmax]

That is my conclusion, somebody knows something to purchase this gray, board may be about to make some waves, it may be your typical inside illegal trading going on....same old same old....

[lubberboy]

Where did you hear that? Bitcoin?

[newmillionaire]

It's gettin ready to trade heavily. FVSTA is jumpin on the bitcoin band wagon. Stay tuned for more PR's.

[Russmax]

it's not just the pop in price, it's the combo of that with VOLUME!!!

[DragonBear]

There is another grey market stock that trades frequently.

There are many out there.

There are the cult stocks where the posters worship the CEO. I've followed one suspended Sep 2012 which went from 014 to 002, and back up to 016. Currently stuck at 009. A wide trading range for a crud stock. Another non-cult stock suspended in Jul 2013 went 010 <--> 015 twice in the past month.

FVSTA still isn't that far away from its suspension. Still the potential for management to keep filing with the OTC, or issue a nonsense fluffy PR, before they give up, and go dark. Fluffy totally meaningless PRs will keep a grey stock trading, as in "sumpthin is gonna happen". Yeah, more trading. IMO, very high risk, but it happens.

[pgleba]

There is another grey market stock that trades frequently. Has no meaning as far as I can see. Sometimes pops up as much as 8 times the price.

[Russmax]

no, not likely as this is a gray, risky enough with pinkies can't imagine the risk at a gray to play chicken...more likely that someone knows something to put that much risk on the line with a gray...give me another idea!

[DragonBear]

knowing they are about to do something, way else buy this gray?

Why not traders?

Date Open High Low Close Volume
01/14/2014 0.019 0.019 0.019 0.019 13,700
01/13/2014 0.015 0.02 0.015 0.02 430,500
01/10/2014 0.015 0.015 0.01 0.01 42,949

Someone buys at 01, and sells at 015 - +50%. Another trader buys at 015, and sells at 02 - +25%. Yet another buys at 019, and has to wait to see if it hits 025. It happens all the time in the greys. You have traders playing chicken with each other in the middle of the road. Who will flinch first at what price.

In theory insiders are free to buy or sell, until SEC litigation appears. However, any profits from selling, the SEC will force disgorgement of as part of the Administrative settlement. It doesn't pay for insiders to even try to sell.

IMO, you're seeing speculative trading of a few traders.

[Russmax]

that weird volume, I bet is from inside information, knowing they are about to do something, way else buy this gray?

[JJZander]

+100%

[pgleba]

FV goes to 0.02 on a volume of 430.5k. What's going on? Resistance level at 0.02. Can FV break through? Will the impossible happen? Or is this just twitching?

[DragonBear]

The stance of most of the post suspension posters

is that there is virtually no chance of ever recovering for a company suspended

Where the company was a non-SEC filer when suspended.

by the all powerful and protectors of the investor SEC.

Well...no. The SEC isn't all powerful, and IMO needs Congress to give it a lot more additional enforcement power. For example, a stock suspended shouldn't be allowed to trade until the company registers the stock, and has the SEC close the investigation. Although it hasn't been a problem for FVSTA, too many of these stocks have pump games played with them post suspension.

Upon the suspension I spoke with TWO SEC people at phone numbers provided, and neither went to the extent of certain doom that the post suspension posters did.

Yes, they are very generic in what they say over the telephone. They can only cite the procedures the stock must follow to return, without passing any judgement on it. By law, they can not comment on a specific stock still under investigation.

but neither the SEC nor the company, and most certainly not the post suspension posters, are concerned with FVSTA shareholder well being

The SEC mandate is to prevent financial fraud in the market. They have no mandate where they are obligated to take responsibility for retail "investors" investing in fraud. Neither do they have the enforcement powers to prevent fraud from happening. Only to react to it.

The "post suspension posters" had nothing to do with the SEC suspension. Neither are they preventing the company from filing to register the stock.

With FVSTA based in Russia ( and apparently non responsive ) the communications and distance gap are huge.

Last I heard Russia had Internet. Submitting a filing to EDGAR isn't that difficult from Russia. Not to mention, it's not too difficult for someone in Moscow to call their company attorney in NYC or Washington DC. This all occurring after they closed their NYC office.

I will hold.

This "post suspension poster" won't tell you to hold, sell, or buy.

[pgleba]

Blah, blah from the SEC. Money gone. Scammers get off scot free.
For information about how trading suspensions work and what you may expect regarding the trading of your securities going forward, please read our investor bulletin at: http://investor.gov/news-alerts/investor-bulletins/trading-suspensions.

As is explained in the investor bulletin, the way a stock resumes trading depends on where the stock originally traded. Different rules apply in different markets. For stocks that are quoted in the OTC market (which includes stocks quoted on the Bulletin Board and OTC Link (f/k/a Pink Sheets)), the resumption of quoting does not automatically occur when a ten-day suspension ends. Before OTC stock quoting can begin after the suspension period, SEC regulations require a broker-dealer to review specific information about the company in accordance with Exchange Act Rule 15c2-11 and FINRA Rule 6432. If a broker-dealer does not have confidence that a company’s financial statements are reasonably current and accurate in all material respects, especially in light of the questions that may have been raised by the SEC suspension action, then a broker-dealer may not publish a quote for the company’s stock. The OTC markets function through dealer systems where only broker-dealers may quote and facilitate trading in OTC stocks.

[tdbowieknife]

While waiting Far Vista will drift down to next to nothing...

Seen it happen over and over.

[Al4343]

The stance of most of the post suspension posters is that there is virtually no chance of ever recovering for a company suspended by the all powerful and protectors of the investor SEC.

Upon the suspension I spoke with TWO SEC people at phone numbers provided, and neither went to the extent of certain doom that the post suspension posters did.

With FVSTA based in Russia ( and apparently non responsive ) the communications and distance gap are huge.

At 75-90% lower than pre suspension prices plus the fact that very few shares have been sold at these prices, leads me to believe that the Chedty field, and Usink refinery alone are likely worth more than what we are being advised to sell at.

The company indicated they are pursuing a relisting, which is apparently not a quick process according to our new resident experts. Since I am not in need of a 90% loss for a tax write off, I opt to hold. I am certainly not happy with the current state, but neither the SEC nor the company, and most certainly not the post suspension posters, are concerned with FVSTA shareholder well being....I will hold.

Al

Al

[DragonBear]

have anybody heard anything about the resubmission

and how long does it take.

You need a 211 by a sponsoring MM submitted to FINRA. That process in itself only takes 1-2 months. However, the problem is finding a MM willing to sponsor the 211.

No MM will sponsor a 211 for a previously suspended grey unless two conditions are met:

1. The company must register its stock with the SEC via a 10-12G, and/or S1 filing. The SEC may take 6-8 months to approve.

2. The company must show the MM they have received a Termination Notice from the SEC closing the investigation. The SEC is forbidden by law to comment on the status of any investigation whether it's still open or not. Neither can a MM ask them, and receive an answer. The only place the MM can go is to request a copy of the Termination Notice from the company.

No MM is going to sponsor a stock still under SEC investigation. Doing so, means they are assuming risk for any undisclosed information yet to be discovered by a SEC investigation. Sponsoring such a stock means the MM is telling the market the stock is clean. That is why they will not sponsor a 211, until they are shown proof from the company the SEC investigation has been closed, and there is a stock registration to review.

How does the retail investor "hear anything"? Answer: Go to the SEC site. Watch for a 10-12G filing. Thus far there is nothing for FVSTA. The process for "resubmission" of a 211 hasn't even started yet. Note also the company can freely issue a PR it has received a Termination Notice from the SEC, and state the investigation has been closed. None of these previously suspended non-reporting greys ever seem to issue such PRs. Very few ever get around to registering the stock. What they would have to reveal would be analogous to a self-hanging.

[JOY88TOY]

have anybody heard anything about the resubmission and how long does it take.

[janice shell]

The SPNG case is indeed taking forever. I lost interest in the proceedings long ago, but then I never owned the stock. One of the really exceptional scams of the last decade.

[ArtieB]

But the SPNG story has been complicated, with some shareholders objecting to the bankruptcy proceedings. No doubt with the company you're talking about, things will go more smoothly.

I'll have to look into that case. In actuality, it sounds like ours. 3 years under receivership now! Lost in federal court. Filed appeal with the Appeals Court. VOLUNTARILY withdrew the appeal! And now? Absolutely ZERO communication from the BK court! We're all asking, "Why would a Chpt. 7 case take so long when the bank has NO assets?" We maintain that something must be happening if it takes this long and the SEC and the FDIC are trustees!

VC

[janice shell]

That's hard to say. They still haven't revoked the registration of SPNG, though it was believed that would happen several years ago.

But the SPNG story has been complicated, with some shareholders objecting to the bankruptcy proceedings. No doubt with the company you're talking about, things will go more smoothly.

[ArtieB]

so eventually the SEC will move to revoke registration.

At what point? If you could provide a link, I'd appreciate that as well.

Last question. Why would the SEC serve as trustee? To preserve the value of the stock? Or to run out the clock? Neither?

Thanks again. Sorry to clutter up this board, but I don't have pm and you know what your are talking about.

VC

[janice shell]

Yes, they used to be a Nasdaq company. They're an SEC filer, but delinquent in their filings, so eventually the SEC will move to revoke registration.

It seems, though, that for some reason they don't do that until the bankruptcy proceedings are entirely over.

[ArtieB]

If it's a Pink, though, there's no registration to revoke. So even if the company goes bankrupt and disappears completely, its ticker will trade on. If the stock eventually stops trading entirely, after a few years FINRA will declare it an "inactive issue" and delete the ticker.

I think this is the case with UWBKQ, yes? The FDIC is trustee in this case and I'm told (not confirmed) that the SEC is trustee as well, which seems very strange.

What seems odd is that the SEC comes in to "protect future investors" here, but not with a company's stock in Chpt. 7.

VC

[janice shell]

Because there isn't any reason for them to stop trading, or even any mechanism by which that would, under normal circumstances, occur. Though this may seem odd to you, a public company can't just call the SEC or FINRA and say "We don't want to trade anymore". Unless the whole company is bought out--unlikely in the case of bankruptcy--there will be no tender offer, and no stock will be cancelled.

If the company was once exchange listed, it'll be delisted to the Pinks. If it's an SEC filer, it may after a few years of not filing have its registration revoked, In that case, it will stop trading and the ticker will disappear.

If it's a Pink, though, there's no registration to revoke. So even if the company goes bankrupt and disappears completely, its ticker will trade on. If the stock eventually stops trading entirely, after a few years FINRA will declare it an "inactive issue" and delete the ticker.

[ArtieB]

Janice- I don't have pm, but have a general question. Why do public company's stock still trade while in Chpt. 7. Thank you.

VC

[DragonBear]

It sort of waffles in and out depending

on the weather or sumpthin. Look at the Sep 2013 filing. It starts with the Petro name, giving a history of the name changes.

Then go to page 5, under Issuer Certification. CEO Maxy of Far Vista Petroleum certifies all information about Far Vista Interactive Corporation is correct. High mutation rate in the same document. Hey, what's in a name? Mix and match. LOL

[pgleba]

I am wondering where the term "oil" has come in the name for Far Vista.

[Russmax]

http://farvistapetro.com/latest-work/far-vista-oil-corp/

[witte]

Far Vista Oil Corp.

Blumberg Industries Ltd, Ditter Limited and Fertagrowservice Investments Ltd, as former shareholders of Chedty Neft CJSC, shall receive a total of 46,000,000 shares of Far Vista Oil Inc in compensation for transferring their shares of Chedty Neft CJSC to Far Vista Oil Production Inc. The transaction was completed with the accord of all shareholders involved in the merger.

[Obi-Wan Kenobi]

could b i know Paul irl, havent seen him in a couple years... i can tell you tho best i know... he really didnt intend to do anything wrong to anyone... he lost close to everything on AURC himself

he believed everything the Russians fed him.. and no longer has the russian wife... all any of us can do is assume why that is

he's a humbled guy last time i talked to him

[DragonBear]

don't worry. it will be sold before the end of this month.

but next month will be big for fvsta.

Why? What PR of public record indicates Feb will be big for fvsta? What expected event did they even hint at for a Feb time frame?

BTW pgleba, if you are attempting to sell, try different size lots. Then go with the size which is hit. Same should work for any who wish to buy. GL.

[newmillionaire]

don't worry. it will be sold before the end of this month. but next month will be big for fvsta.

[pgleba]

Just put in an order to sell my shares. Nobody is buying.