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Very good suggestion, MB. I was waiting until Monday pre-market to toss the question out on CAVR, since JM said it wasn't a TOU.
Don't want it to get pushed off the page before all have chance to see the question. I FINALLY fixed KGEM's misspelling of testamonial within the last few weeks, and something still looked so amiss about it. You're probably even more right about the title, probably what's so amiss about it. Maybe I had also made the font smaller at the time, too many iboxes I'm fixing right now to remember. Anyway, once I throw the question out there for the CAVR crowd, would LOVE for you to cut and paste into a new post over there, to get the ball and suggestions rolling. I too, kind of like them there, but majority will rule.
I used to be in the military and later DOD, in southern Spain. My only north European exposure was a day or two max to fix a plane in Germany and fly back, except 10 days spread between Poland and Russia once. But I was on the "road" a lot thru out the Med. Being around jet engines all day didn't help me in understanding what people were saying in Spanish, plus being on the road even in Spain, too much dialect difference. For example theatre pronounce thin-e in southern Castilian Spain, sin-e around Madrid/Toledo, never mind Basque region. Anyway, my sentences were composed of the first non-English version of each word as it popped in my head. So a single sentence would consist of Castilian, Sicilian, Portugese, northern Italian, Greek, Turkish, and maybe a German or Russian word to boot, LOL.
Hey J...
I'll give you my opinion on those quotes (fwiw):
I kinda like having them there, although I would title them: "A Blast from the Past" (or whatever...) and put the current heading in regular font in parenthesis under it. Actually, drop the bold font altogether so it looks like a footnote. That way, newbies can still read it; it does give some history, albeit only in opinion form. When I first looked at CAVR and read them, it helped to peak my curiosity, and NO, that was not my only DD. LOL!
BTW, I checked out that Belgian-Dutch connection board, just to see if I could find a new board to follow, but alas, even with my 1/2 Belgian heritage... I couldn't understand a single word!
LOL!
My Mom's family spoke French and that pretty much ended with my Mother, except for the few command words that I speak to my Belgian breed dog...
Oh well!
Bye all,
MB
Now that my computer stopped scanning for viruses, was able to take the time to check his profile, Very Nice, he's posted there 7 times already. Happy home for him.
glad:) true story for you and JM, since you're so new to CAVR, when KGEM was still the MOD, and the pps started sinking slooowwwwly, Dirkie used to post only one word "dilution" about on a daily basis, sometimes I guess more. I used to get on him (not like CL, God No) and say that I didn't think so, he just reduced the A/S from 600M to 200M, why would he dilute so quick? I tried so hard, he would still say "dilution.." I begged him that it showed up on Google, he'd still say it. LOL. Then when the SEC forms came out for the all the vendor candy shares sold after the shareholder meeting, I felt so bad for hassleing him for months, when he was right all along. Poor Dirkie, but we all love him, thread won't be the same if he ever sells and quits posting altogether.... he takes it all in stride.
Yup, he knows...
LOL, no, but I can probably fuddle my way thru a few posts;) But I am glad they have a site.
THAT is so cool, B! Does Dirkie know??? We love our Dirkie:)
don't think Johnsyn will be following that board
Actually, JM, I was looking over the ibox just now, I'll correct my statement about the S/S, I had made a "note" of the financial statement S/S to fix at some point, the larger print of the S/S was from April 9th, most part.
If my mind serves me right for a whole second or two, that was the SWIA conference and I took it from there as a verbal, though he obviously misspoke and said the O/S was 300,000 something. So yeah, that's gotta be changed, to official info from OTCMARKETS.COM. Not crazy about using verbal over-the-phone figures from Billy direct or from a conference, nothing official there.
I definitely don't want some paranoid war popping up because I asked for general input. You think I can ask without getting slaughtered for it? LOL. But Chicken Little doesn't count in my book, he's so paranoid that if I said the grass is green, he's scream I'm up to something or some plain 'ol vicious attack.
Oh, thanks for checking on that. Too bad.
That actually is a violation of the TOU.
You can discuss the ibox on the CAVR board. The iBox is about the stock. Ant statements no longer relevant should be removed.
veni vidi vici
the more the merrier, everyone is welcome
the purpose here is to to discuss the pros and cons of any stock without being assaulted for voicing one's opinion
I'm with you on that, MB, a 100%. No, a 100,000%. How anyone can claim Billy always delivers, instead of "eventually delivers" is beyond me. Financials this week or next to fix the STOP sign since Jan 5th. It is a lot less disappointing to investors if they were aware that he's like that, and a lot less would throw in the towel if people were more honest.
So, how do you feel about Dirkie and Belgium chattering in Latin here? LOL.
thank you, MB. Seems I always have my foot in my mouth, these days. LMAO.
if I were negative, I would have sold out on the last run and got my money back
the company has a future, but Billy keeps stringing us along, it's always next week, or next quarter
Johnsyn
the main languages in Belgium are dutch and french, only a minority speaks german
Canadian crude discount cut in half in six weeks
Frik Els | April 27, 2012 MINING NEWS DIGEST
The price oil sands producers receive for their crude improved to $30.75 a barrel below the international benchmark on Friday, a 42% gain from multi-year lows hit six weeks ago.
The better price came as the discount of Canadian to US crude was slashed by more than half.
The difference in price of a barrel of Western Canada Select – a blend of heavy oil sands crude and conventional oil – to US benchmark crude in the form of Nymex West Texas Intermediate (WTI) was $15.85 on Friday compared a whopping $35.75 discount on March 9, 2012.
The last time the gap between Canadian and US crude was below $16 was in December, although it’s still way below the $8.00 discount Alberta’s oil patch enjoyed in September.
WTI was quoted at $104.90 in Friday afternoon trade after four days of gains and at the same time the spread between US oil futures and the global oil price also tightened.
International benchmark crude oil futures, North Sea Brent, settled at $119.80 in Europe on Friday, marking a $14.90 premium against US oil.
Historically WTI always traded at a premium to Brent, but has steadily declined since the Saudis dropped the WTI contract as their benchmark in 2009. WTI first dropped below Brent at the start of last year and reached a record margin of $26.87 below in early September 2011.
The discount for Syncrude, a light oil made from oil sands after undergoing an expensive upgrading process, has also improved dramatically since the March slump to only $1.25 below WTI.
In February and early March it dropped to a record of more than $20 below US crude. In July last year Syncrude attracted a premium of $18 on the back of a temporary supply shortage.
Alberta production is set to more than double to 3.7 million barrels per day by 2025 out of a total of 4.7 million for the whole of Canada.
99% of Canada’s current crude exports of 2 million barrels per day end up in the US.
I'm also thinking about extending an invite for DIRKIE and BELGIUM to chatter all they want in German here. It doesn't bother me at all, need everybody's input. It's a shame CL kept deleting them, was no harm. It definitely is a pain to put in both languages a posted comment. But since ADMIN seemed to agree with CL for English on a stock specific thread, I think they can legally chatter here.
Morning, JM. PRs are up to date, changed the SS when financials came out, but haven't bounced the Apr 26th financial against S/S other than a quick glance, so it should still be correct, because I updated S/S on 23 Apr but I haven't triple-checked it yet.
We can't discuss IBOX per se on CAVR, it's not discussing company or the stock. Would love to see many more involved with CAVR on recommendations to the ibox, but that is impossible.
But you didn't answer the question about leaving those 2 testimonials. LOL, looking for your honest opinion here. Nobody here going to bite you, I swear. LOL. You've GOT to quit listening to Chicken Little. We're just CAUTIOUS after 7-8 months of dilution day-after-day. We're not anymore negative than The Rainmaker making the comment almost daily on his Island "don't like the way CAVR trades". It's comments and opinions, nothing else, there is NO sinister plot that CL keeps trying to tell everybody. LMAO. All I can do is shake my head. I've got a hell of a lot more money just in my joint trade account than CAVR claims they made last year. Never invest more than one is willing to lose is my motto. And NO, WILLY, I still will NOT buy CAVR out. LOL.
It should be current. Someone leaves, the ibox can be changed.
Beautiful dividend payout last night. If any of you interested, ARR is a mREIT, runs about $7, pays 18-22% annual (of course depending on it's pps at the time when you calculate) but PAYS MONTHLY. nice fat check every month for little money. I've looked around at other monthly dividends, and the rest pay a lot less percentage wise, some are tied to foreign taxes that have decent payouts, so it kicks it in the teeth for take home. It rarely bobs in price by more than a couple pennies around ex-div date, unless the market fear turns to higher interest rates, but it beats trying to work a stock for 20% gains, just sit back and enjoy, let it do the work for you.
Need your opinion, JMRFK, plus maybe bigger plans for you. LOL.
Moody and I have been around forever, KGEM was the one and only MOD forever, then he sold all his shares around the start of the dilution 7-8 months ago, withdrew as MOD when the rules changed and the "I" guy jumped in as MOD, who didn't even own shares for another couple months, was just a watcher. That's when I stepped in, someone needed to do stickies and add PRs to the ibox.
Anyway, back to needing your opinion, I have been reluctant to do much to the ibox since it was KGEM's big work and was main reason he left the thread, because anyone could now change it into just saying "this stock is a POS". So my first question is-
at the end of the ibox is two quotes from Envirotek employees, which I knew one from the thread, other one I did not. Again, I have "emotional" tie here, knowing one of the persons quoted. Envirotek is no longer subsidiary of CAVR, hasn't been since June 11 of last year, and neither one of them posts, since they work for a different company now, not CAVR. I've worked more at trying to get the PRs uniform and cleaned up, updating S/S, etc. But I already have enough of that to do on other threads.
Either Thinman or Lowman had mentioned to me the ibox was unprofessional looking, So first on the agenda, I need a vote-from ALL, leave the quotes or remove them?
Awww. Thanks Jaws (and Mybad) Just one big lovefest here. Kisses to all, even you, Willy. LOL. Man you stay up late or get up early, JAWS.
Johnsyn, lol, you are loved! haha :)
by the way, again WELCOME to MOD on CAVR. I'm not sure why the one person that became a Mod in March dropped out. I seriously would have preferred he hadn't, but it is water under the bridge. GLTY and have a good weekend.
HUGE difference between that and that bad "fill-in the blank" thing they submitted before. I would have been upset if it was me to have paid them for that.
hopefully that attorney letter is what they need to remove the yield sign
sure takes them a while to get it right
Not negative trigger, Jmurfk, just used to seeing the vendor sales over and over and over. Try that one. "vendor candy trigger"
LOL.
I was posting sarcastically about Willy's post on CAVR. You guys are on the negative trigger where CAVR is concerned. NITE pops up with a 1.5 mil bid at .0065, and here comes Wild Willy pulling his negative trigger;
something goofy with Ihub, that didn't even show up in mailbox (your reply)
why? what happened? which post?? lost me, LOL.
I guess you didn't get my post either, lol.
finger caught the TAB, sorry about that. I was about to state the YIELD was still there, too bad. But yes, obviously we have more vendor issues, thought maybe it died yesterday. But we've had those false alarms before.
definitely relentless. I checked OTCMARKETS half hour ago,
That pesky 1.5 mil bid is on CAVR again. Darn vendor shares are even on the bid now, lmao.
same here, he is either very busy or too frightened to post.
yep the selling back in full force. Like I have been saying for months millions and millions of shares for sale. Assume, like everyone else, when these shares dry up we will eventually see upward movement in the stock.
i can imagine what dirkie would say
I knew that MyBad. Like you too. I wasn't concerned. Didn't know Matrix character name, but I understood the dodging bullets part. LOL.
CAVR-Too bad the YIELD is still there. Nasty volume again, making up for yesterday
Hey J.... one last post~
I LIKE you, I would NEVER insult you....
.....Did everybody hear that.....Hmmm?
.
.
.
Okay... moving on now, Have a great weekend all!
MB
have a good one, MB. Don't know for your question.
Funny Johnsyn, that is the name of the main character in the Matrix movie. I guess they missed my humor. No Prob.
Have a good weekend all... I'm outta here.
MB
Oh, and BTW... I checked first, and those 3 letters are not an 'in use' stock symbol..... so why did they remove it....
the European one you were mentioning last week? Good Luck to You
isn't that one part of XP propaganda?
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Assistants Willy Moody blues |
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http://www.otcmarkets.com/financialReportViewer?symbol=CAVR&id=78571
...have the rights associated with them defined. One million shares of the 11,000,000 shares of preferred stock have been designated as Series A Preferred Stock. One million shares of the Series A Preferred have been issued. The rights for the Series A Preferred Stock are defined in a Certificate of Designation the Company filed with the Nevada Secretary of State on April 24, 2009. A summary of those rights is as follows:
(i) Dividend Rights. The Series A Preferred Stock is not entitled to receive dividends.
(ii) Voting Rights. The Holders of Series A Preferred Stock shall be entitled to vote with the Common Stock as if their shares were converted into shares of Common Stock at a ratio of 1000 shares of Common Stock for each one full share of Series A Preferred Stock (the "Voting Rate"). The Holders of shares of the Series A Preferred shall be entitled to vote on all matters on which the Common Stock shall be entitled to vote.
(iii) Conversion Rights. The Series A Preferred Stock can be converted by a resolution of the Board of Directors of the Corporation. Upon conversion, each share of Series A Preferred Stock will automatically be converted into one hundred (100) shares of Common Stock of the Corporation on the date of such occurrence. In addition to the shares of Common Stock a Holder will receive in the event of a conversion of the Series A Preferred Stock, the Holders of Series A Preferred Stock shall be entitled to receive, out of the assets of the Corporation, cash in an amount equal to $10.00 for each one (1) share of Series A Preferred Stock (as adjusted for stock splits, combinations, reorganizations and the like) held by such Holder.
(iv) Liquidation Preference. In the event of any liquidation, dissolution or winding up of the affairs of the Corporation, either voluntarily or involuntarily, the entire remaining assets, if any, of the Corporation available for distribution to stockholders shall be distributed to the holders of Common Stock pro rata, treating each share of Series A Preferred Stock as if it were a single share of Common Stock.
Number of shares or total amount of the securities outstanding for each class of securities authorized
*The company has ordered the NOBO list for disclosure
The Company is authorized to issue preferred shares.
3
Item III. FINANCIAL STATEMENTS.
CAVU RESOURCES, INC.
2011 2010
ASSETS (Unaudited) (Unaudited)
TOTAL ASSETS $ 6,919,350 5,876,015
LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT)
TOTAL LIABILITIES 3,133,604 4,305,159
Commitments & Contingencies (Note 10)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) $ 6,919,350 5,876,015
NOTE 2 - BASIS OF PRESENTATION
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Marketable Securities
Revenue Recognition
The Company records revenues when the following fundamental criteria are met: (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered, (iii) the price to the customer is fixed or determinable and (iv) collection of the resulting receivable is reasonably assured. Revenues are recorded in accordance with Staff Accounting Bulletin ("SAB") No. 104, as issued by the United States Securities and Exchange Commission ("SAB 104"), the Company is still contemplating various business plans but anticipates recognizing revenues in 2010 and 2011. The Company negotiates contracts with its customers, which may include revenue arrangements with multiple deliverables, as outlined by Emerging Issues Task Force No. 00-21 ("EITF 00-21"). The Company's accounting policies are defined such that each deliverable under a contract is accounted for separately. Historically, the Company has not enteredinto contracts with its customers that provided for multiple deliverables.
NOTE 3 - GOING CONCERN
The Company's financial statements have been prepared on a going concern basis, which contemplates continuity of operations, realization of assets and liquidation of liabilities in the normal course of business. The Company had net earnings of $1,124,143 during the twelve months ended December 31, 2011. (This does not match page F-2)This is first profitable year the company hashad since inception and the ability of the Company to operate as a going concern depends upon its ability to obtain outside sources of working capital in the near future. Management is aware of these requirements and is undertaking specific measures to address these liquidity concerns. Notwithstanding the foregoing, there can be no assurance that the Company will be successful in obtaining financing, that it will have sufficient funds to execute its business plan or that it will generate positive operating results. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.
NOTE 4 - NOTE RECEIVABLE
In June of 2011 the Company sold its operating subsidiary Envirotek Fuel Systems, Inc. for $2,500,000 with a down payment of $300,000 and a note of $2,200,000. The Company has recently restructured this note with interest and penalties and expects to start receiving $100,000 a month until paid or until the buyers are able to recapitalize their company. The company also sold the 6.2 acres of land, the building, the rights and all of the processing equipment for the saltwater disposal facility to be built in Pauls Valley Oklahoma for $1,500,000. The company expects to be paid for this purchase by the fourth quarter of 2012.
NOTE 5 - DRILLING EQUIPMENT
Property and equipment consisted of the following:
DECEMBER 31, 2011 DECEMBER 31, 2010
8
23. On December 15, 2009 and January 20, 2010, the company has received $50,000 each respectfully for a total of $100,000 of a $5,000,000 private placement being offered by CAVU Resources One, LP (the Partnership) is seeking aggregate capital contributions (Capital Contributions) of $5,000,000 million from the sale of 100 units (the Units) of the Partnership. Each Unit will consist of one interest in the Partnership and 50,000 shares of restricted common stock of CAVU Resources Inc., a Nevada corporation. The price per Unit is $50,000, payable in full in cash at the time of subscription. This offering will not break escrow unless the minimum amount of $50,000 has been raised. (was raised as per 1st sentence) The offering period is November 15, 2009 through December 31, 2010. (was amended to extend thru December 31, 2011 as in final sentence) The Partnership will be managed by CAVU Resources, Inc. (the General Partner).
Now here's the kicker:
The profits will be pay out 100% to the Limited partner until theinvestment is returned, than all future profits will be split 75% to the Limited Partner and 25% to the General partner. The General Partner will receive a 5% management fee. The partnership was amended to extend thru December 31, 2011.
Now jump to item 26
24. On January 8, 2010 the Company entered into a note with Ayuda Funding Group, LLC in the amount of $385,000 at 15% interest, the note became due in April of 2010, this retired the original note made by Ayuda for $100,000.In connection with this new note the Company agreed to pay a royalty on it oil and gas lease owned by Envirotek Fuel Systems, Inc. in the amount of 7.5% of its net revenue or a minimum of $7,500 a month. The Company negotiated a forbearance agreement with Ayuda in February, 2011 and the company had agreed to make payments of $75,000 starting in March. The Companys renegotiated this loan and has been making lump sum payments and will continue to do so until this debt is satisfied.
25. On January 8, 2010 the Company settled the outstanding note against the Envirotek Fuel Systems, Inc. purchase for $250,000.
26. On January 15, 2010 the company received $95,000 as a fee from the sale of units of its $5,000,000 506 Red D Private Placement for CAVU Resources One, LP. The company issued 100,000 shares at a value of $5,000as part of this transaction this company has now merged with FILO Quip Resources, Inc. recently renamed CAVU Energy Services, Inc.
27. On January 7, 2009, before the acquisition on April 24, 2009, the Company entered into five and three year leases with Verilease Finance, Inc. for drilling and oil field equipment in the amount of $800,000 and $285,362, respectively. The monthly payments for these leases began on June 15, 2009 and were for interest-only amount of $5,846 in total. As of November 15, 2009, the monthly payments for each lease will be for $17,812 and $4,100 respectively. The Company has proposed a purchase of the equipment leased canceling these terms and is negotiating a settlement. The equipment was sold and the lease was settled for $344,700.00with payments of $25,000 a month beginning May 15, 2011.
28.On January 15, 2009, before the merger on April 24, 2009, CAVU Resources, Inc.entered into a convertible demand promissory note with Energy Group of America, Inc. for $400,000, in connection with the purchase of drilling equipment. The convertible demand promissory note is due in full on September 12, 2009 and carries interest at an annualized rate of 8%. Energy Group of America, Inc. was also granted conversion rights to convert negotiated amounts of the convertible demand promissory note at any time and at a negotiated conversion price per share of the Company's common stock. On December 14, 2009, February 2, 2010 and June 24, 2010, Energy Group of America, Inc. elected to convert a portion of its debt into shares of the Company's common stock. In October 2010, Energy Group agreed to settle the outstanding balance $393,559.28 and cancel any outstanding an agreement for $150,000. The company has continued to make payment reducing this debt.
29. On January 28, 2010 the Company entered into an agreement to purchase the Alexander oil and gas lease and a pipeline in Pecos Texas for $2,400,000. This agreement has expired.
30.On January 21, 2010 and February 5, 2010 the entered into a convertible debenture agreement with Tripod Group, LLC, they advanced $55,000 and $51,250 respectively to the Company. In March 2010, a private group of investors purchased the 12,266,668 shares held as security shares from Tripod and paid the notes in full.
31.On February 2, 2010 the Company sold to a private investor 1,000,000 common shares for $20,000. ($.02)
32.On February 16, 2011 the company entered into a consulting agreement with Resources Unlimited NW, LLC, to provide Michael Sheikh as the CFO of the company. Mr. Sheikh was paid 2,000,000 shares of common stock valued at $20,000. ($.01)
33.In June of 2009, a consultant engaged by CAVU Resources, Inc. entered into an agreement with Cade Drilling, LLC to drill a well in Colorado. Unknown to the management of CAVU at the time, the well was drilled and the funds advanced to the consultant to pay for the services were only partially applied. The well was completed and the Drilling contractor and associated suppliers that were owed funds filed an action in Colorado against Company. The Company was not notified in a timely fashion and a default judgment was entered against the Company on March 2, 2010. The Company has begun negotiations to settle this claim and believes terms favorable to the Company will be agreed to. (Have we REALLY been negotiating since March 2 two years ago????)
34. On March 19, 2010 the Company sold to a private investor 1,000,000 common shares for $50,000 ($.05)
35.On April 22, 2010 the Company amended its Article to reduce the number of shares authorized from 600,000,000 to 200,000,000.
36.On May 24, 2010 the Company entered into an agreement to sell 50% of its Chisholm lease and entered into a non interest bearing note and mortgaged against its 30 acre facility in Tulsa, Oklahoma for $250,000 with GT Energy, LLC for the completion for the Chisholm Lease purchase. G T Energy was issued 250,000 and 2,000,000 shares of the Company's common stock as part of the transaction additional consideration was $41,250.00. The Company will be paid $1,100,000 as additional consideration from the production revenue. (ITEM 22, PG 17- THIS 30-ACREAGE he bought from his own holdings for $100,000.00 Dec 31, 2009)
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