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Mobilestream Oil Inc. (fka MSRM)

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Last Post: 5/11/2016 4:08:01 PM - Followers: 20 - Board type: Free - Posts Today: 0

NOTE: The MSRM IHUB header is currently being not being update since the msrm is only shell. if board like i put gbrc update here. let me know. gbrc board is updated with more timely information. ]

Mobilestream Oil, Inc. Signs Memo of Understanding with Global Resource Corp.
WEST BERLIN, N.J., Oct. 30, 2006 /PRNewswire-FirstCall/ -- Mobilestream Oil, Inc. (OTC Bulletin Board: MSRM.PK) and Global Resource Corporation (OTC Bulletin Board: GBRC.PK) jointly announced today they will be entering into a preliminary, non-binding Memorandum of Understanding for Global Resource Corporation's ('Global') acquisition of the assets and business of Mobilestream Oil, Inc. ('Mobilestream'). Mobilestream owns certain microwave technology, embodied in a pending patent, and various proprietary trade secrets for technology that had been exclusively licensed to Carbon Recovery Corporation. Global has recently acquired the assets and business of Carbon Recovery Corporation, including the exclusive license. The technology is a method of decomposing petroleum-based materials by subjecting them to variable frequency microwave radiation at specifically selected frequencies for a time sufficient to at least partially decompose the materials. The initial application will involve the decomposition of waste tires, as described in Form 8-K filed September 27, 2006.

It was originally intended that the licensee would be the operating company, while Mobilestream would continue its R&D into the development of further applications for the technology, including: (1) re-cracking heavy or slurry oil to retrieve the components of hire grade fuels; (2) the recovery of oil from oil shale and oil sands; (3) the reduction of hydrocarbons in drilling cuttings to permit on-site disposal; and (4) the stimulation of mature oil and gas well ('stripper' well) production.

Upon analysis however, both Global and Mobilestream believe that, given the interrelationships of the Companies' management and the probable interface of the R&D with field operations, it will be more efficient, both financially and operationally, to combine the Companies. It is anticipated that the current management charts and the respective responsibilities of the licensor and licensee will be adjusted for maximum effectiveness.

The major acquisition term not yet resolved is the value of the Mobilestream technology and its reflection in the securities of Global. Mobilestream is retaining Corporate Valuation Advisors, Inc. to provide a fairness opinion on the terms when negotiated. Corporate Valuation Advisors, Inc. has previously evaluated the tire decomposition portion of the Company's technology and is therefore generally acquainted with it.
Forward Split information:
shs increased by 6 for 1 split
Ex-Date: Jun 8, 2006
Record Date: May 26, 2006
Pay Date: Jun 7, 2006

Company Notes
**Formerly=Mobilestream, Inc. until 3-06
**Formerly=3E International Corp. until 8-05

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#1440   MSRM FINRA deleted symbol: Renee 05/11/16 04:08:01 PM
#1439   Gunter update pacor 06/13/13 02:52:30 PM
#1438   After multiple delays GUNTER et al trial finally pacor 03/19/13 06:53:32 AM
#1437   Recent update.... pacor 02/21/12 07:04:29 AM
#1436   16th August update pacor 08/17/11 03:37:20 PM
#1435   Status Update 13thMay 2011 pacor 05/16/11 10:53:09 AM
#1434   Update pacor 04/22/11 12:11:26 PM
#1433   MSRM update pacor 03/04/11 11:11:52 AM
#1432   MSRM fraud case delayed another month pacor 02/12/11 09:18:21 AM
#1431   Further update to MSRM case pacor 12/21/10 05:18:57 AM
#1430   Thank you Dragon Man. bigone 07/23/10 08:05:31 AM
#1429   MSRM 'scam' case USA v Gunter et al pacor 02/17/10 04:23:11 PM
#1428   Note to all: Dragon Man passed away TopHat 03/04/09 07:40:30 PM
#1427   TOOK DOWN LOT OLD MATERIAL FROM IBOX. ALL dragon man 02/07/09 11:58:27 AM
#1426   everybody waiting to see when msrn people will dragon man 02/07/09 11:56:40 AM
#1425   THE WARENTS WILL HAVE CALL PRISE OF $4.75 dragon man 12/21/08 11:01:07 AM
#1424   WHEN MSRM STOCK TURN INTO GRRC STOCK , dragon man 12/21/08 10:47:00 AM
#1423   Frank and Andrews thought they got a good Hawk Hogan 10/18/08 05:25:21 PM
#1422   Great find, kennypooh. Everyone should read it. aries4747 10/18/08 11:49:56 AM
#1421   Do any of the Brits that were victims kennypooh 10/18/08 10:35:59 AM
#1420   Yeah, that’s probably where I remember it from, enery 10/06/08 05:34:22 AM
#1419   From GRC letter to shareholders dated July 20 2007: pacor 10/05/08 01:00:21 PM
#1418   I'm not sure. Best to check with the kennypooh 10/05/08 10:03:10 AM
#1417   Thanks Kenny, good info. enery 10/05/08 09:51:47 AM
#1416   This might be of help to some of kennypooh 10/03/08 10:11:55 PM
#1415   Hi Pekin, khal 10/02/08 03:05:47 PM
#1414   Reply to post #688, Thank you Khal. pekin 10/02/08 06:45:00 AM
#1413   This might be useful: pacor 09/29/08 02:34:44 PM
#1412   that good post post. beware of so call dragon man 09/26/08 03:49:07 PM
#1411   Thanks Kenny, khal 09/26/08 03:46:52 PM
#1410   Thanks khal - To make it easier for kennypooh 09/25/08 03:30:01 PM
#1409   Hi, Please read my post #688, I have khal 09/25/08 03:20:52 PM
#1408   all of cll are scam. they want you dragon man 09/09/08 10:19:51 AM
#1407   Advice Needed Urgently!! pekin 09/09/08 04:28:32 AM
#1406   I agree, definitely a con, we have had enery 09/08/08 11:06:10 AM
#1405   do not do that. that way get you dragon man 09/02/08 04:57:29 PM
#1404   Hi I’m looking for some advice, Spannerman 09/02/08 03:14:58 PM
#1403   kp, I haven't been following the MSRM/GBRC conversion lately. rinvino 08/23/08 05:33:16 PM
#1402   Hey Dragon Man! I have no idea A44975 07/16/08 09:27:25 PM
#1401   this is your first post on this board. dragon man 07/14/08 12:17:32 PM
#1400   OK FOR ALL YOU PEOPLE WHO DIDN'T HELP A44975 07/13/08 02:09:35 PM
#1399   good question. ask question on gbrc. no dragon man 06/12/08 09:59:28 PM
#1398   Any one can tell me what is our noufa 06/12/08 10:20:36 AM
#1397   if this happen, thing about what our warrent dragon man 05/22/08 12:14:44 PM
#1396   this was on gbrc board and i though dragon man 05/22/08 12:12:49 PM
#1395   Posted by: mrintheknow dragon man 05/20/08 08:09:23 AM
#1394   think about this, they raise enough cash that dragon man 05/16/08 09:56:56 AM
#1393   Today's 8-K. They continue to play games with tikibarbob 05/15/08 06:31:51 PM
#1392   no to disagree with you. the company has dragon man 05/15/08 05:05:24 PM
#1391   DM - irrespective of the 'Thomas' posts (there pacor 05/15/08 03:55:56 PM