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Yes I am already invested. Probably on your list of bandits. Are you referring to the guys from Mexico? I have not been able do a lot of DD on them. You sure you have the right ticker only about 5 investors in this. You might look at MMEX it has a lot more excitement volume and bandits.
As I've only seen issue after issue with regulators and the SEC, I have a full list of the major shareholders and it's a bunch of bandits who are holding big blocks that they will unload!!!
Are you seriously thinking of investing in a oil,gas,mining,resort come on folks what's next there buying Disneyland!!!
These guys have more stories then Walt Disney!!! Good luck Maddog
I payed for a background check on Webb.
And he has no criminal and no civil records
or bankruptcies. So now we wait for good PR.
Surprised you would spend your time and most of your 7 post on a new account following this stock. No cheap shares here.
My understanding is Webb cooperated with the SEC when he found out what Donald did. Notice it didn't say he made 5 million. He didn't leave the country.
HOW IS MR.IVAN WEBB EVEN ON A BOARD OF DIRECTORS WHEN THE SEC HAS BANNED HIM FOR LIFE!!!! TOTAL PUMP&DUMP
WHAT A JOKE 50 SHARE VOLUME!!!!
TOTAL SHAME!!!
Broadband ex-president ordered to pay $300,000 Settlement transfers assets to company, investors
BRIAN BRUS
The U.S. District Court in Oklahoma City on Friday approved a settlement worth more than $300,000 from former Broadband Wireless International Corp. President Ivan Webb to the temporary receiver of the company and its investors.
Under a civil lawsuit filed by the Securities and Exchange Commission, Webb returned to Broadband in excess of a million shares of stock which he owned, court-appointed receiver Peter Bradford said. Webb also transferred some property, cash, real estate and interest in oil and gas properties to the company, Bradford said.
"This is just another chapter in the receiver attempting to recover assets and moving the company forward toward a successful business operation," Bradford said.
Broadband's stock rode high during late 1999 and early 2000, but the company was sued in August for allegedly scheming to pump up the company over the Internet and then dumping the stock at an inflated price.
The stock price rose by 10,000 percent, and shareholders lost money as they hung on after the stock peaked at $12.98 in February 2000.
Donald Knight, a convicted felon from Edmond who once allegedly controlled Broadband and its stock, fled last summer as the SEC and the Oklahoma Department of Securities filed joint lawsuits saying he helped orchestrate the scheme and made $5 million at the expense of other shareholders. Officials said they believe he is living in luxury in Costa Rica.
The courts have recently pulled millions of shares of Broadband stock from investors who allegedly received the stock illegally or as a gift. One of the shareholders who had stock revoked last month was Knight's wife.
Friday's settlement was not filed with the Western District Court, although Judge David L. Russell reviewed it, Bradford said.
Webb also furnished a financial disclosure statement that said the settlement was fair, and reflected his assets and liabilities.
The conclusion of the federal lawsuit against Webb has yet to be decided by SEC authorities, Webb said.
SEC attorney Harold Loftin could not be reached for comment.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
LITIGATION RELEASE NO. 16651 / August 14, 2000
SECURITIES AND EXCHANGE COMMISSION V. BROADBAND WIRELESS INTERNATIONAL CORPORATION, BROADCOM WIRELESS COMMUNICATIONS CORPORATION, IVAN W. WEBB and DONALD L. KNIGHT, Defendants; and BLACK GIANT RESOURCES CORPORATION, BROADBAND WIRELESS COMMUNICATIONS CORPORATION, MEDSCAN TECHNOLOGIES, INC., and KIMBERLY KNIGHT, Relief-Defendants. Civil Action No. 00-1375-R (USDC/W.D. Okl)
Federal and State Regulators File Coordinated Actions to Halt Stock Manipulation Scheme Orchestrated By Recidivists
The United States Securities and Exchange Commission ("SEC") and the Oklahoma Department of Securities ("ODS") announced that they have filed coordinated enforcement lawsuits in federal and state district courts to halt an alleged "pump and dump" stock manipulation scheme involving the securities of Broadband Wireless International Corporation ("BBAN"). BBAN is a Nevada Corporation with offices in Cisco, Texas and Oklahoma City. Its common stock trades in the over the counter market on the NASD OTC Bulletin Board under the symbol "BBAN." On August 11, 2000, U.S. District Judge Tim Leonard, entered orders freezing the assets of all defendants and relief defendants and appointing a federal court receiver for the corporate defendants and relief defendants.
The lawsuits allege that the scheme was primarily orchestrated by two individuals with histories of prior problems with regulators and law enforcement agencies, namely, Donald L. Knight ("Knight"), a convicted felon, and Ivan W. Webb ("Webb"), BBAN's president, who was charged with fraud in a prior SEC lawsuit. Knight pled guilty in 1990 to wire fraud in connection with a securities scheme, for which he previously was incarcerated and remains on probation. Webb was permanently enjoined by a federal court from engaging in violations of the federal securities laws in 1982 and was ordered to cease and desist from violations of Kansas securities laws in 1992.
According to the SEC and ODS, in the fall of 1999, Knight, operating through one of his several "nominee" companies, BroadCom Wireless Communications Corporation ("BroadCom"), acquired control of BBAN, a struggling public oil and gas company, and changed the company's stated business purpose to "telecommunications." Over the next several months, Knight and Webb caused BBAN to issue press releases and file reports with the SEC which fraudulently touted the company's purported acquisition of several private telecommunications companies. Knight and Webb further hyped the acquisitions and BBAN's favorable business prospects on the company's website and the "Raging Bull" Internet bulletin board.
The SEC and ODS further allege that these promotional or "pumping" efforts resulted in a dramatic rise in the price of BBAN's stock. In late 1999, shortly after Knight acquired control of the company, BBAN stock was trading at about $.12 per share. By February 2000, the price had increased by 10,000% to more than $12 per share. Concurrently, Knight sold or "dumped" millions of shares of restricted BBAN stock he held in the name of BroadCom to investors, reaping at least $5 million. Unbeknownst to these investors and to the public marketplace, BBAN did not have the financial wherewithal to consummate any of the acquisitions it touted and eventually defaulted on each one. Moreover, investors who bought shares through Knight were falsely led to believe that they were purchasing shares directly from BBAN and that their funds were earmarked for the company's operations. These investors also were falsely led to believe that they were buying BBAN shares that they could freely sell into the market within 90 days.
Knight and Webb later caused BBAN to file a false and misleading registration statement with the SEC on Form S-8. The registration statement falsely represented that the registered shares were for legitimate company consultants and employee purposes when, in fact, they were not. Later, Knight, in an effort to re-gain control over BBAN from Webb, caused BroadCom to conduct a fraudulent Internet proxy solicitation.
Both the SEC and ODS worked closely with the Federal Bureau of Investigation in this matter. The U.S. Attorney for the Western District of Oklahoma has filed a Petition in U.S. District Court seeking to revoke Knight's criminal probation.
The SEC's complaint charges that Knight, Webb, BBAN and BroadCom violated Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 ("Securities Act") and Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder. Further, the complaint charges that BBAN, aided and abetted by Webb, violated Section 13(a) of the Exchange Act and Rules 12b-20, 13a-11 and 13a-13 thereunder. Knight and BroadCom also are alleged to have violated Sections 13(d) of the Exchange Act and Rules 13d-1 and 13d-2 thereunder. Finally, the complaint charges that BroadCom, aided and abetted by Knight, violated Section 14(a) of the Exchange Act and Rules 14a-3, 14a-6 and 14a-9. In addition to the emergency relief set out above, the Commission seeks preliminary and permanent injunctions, disgorgement and civil penalties against Knight, BroadCom, Webb and BBAN, and disgorgement against the relief defendants.
The ODS Petition for relief setting forth the alleged violations of the Oklahoma Securities Act and relief being sought in state court may be found on the ODS website at <www.securities.state.ok.us>.
http://www.sec.gov/litigation/litreleases/
Thanks very much for the posting.
I did do a background check on Webb, and
he has no criminal and/or bankruptcies.
So I'll just wait for the false PRs and
the pumps and then sell. Thanks again.
Really good information.
Wow....birds of a feather flock together!!! Mr.Webb is back in action!!!
This one is obviously "PD"!!!!
Due Diligence Public!!!
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
LITIGATION RELEASE NO. 16651 / August 14, 2000
SECURITIES AND EXCHANGE COMMISSION V. BROADBAND WIRELESS INTERNATIONAL CORPORATION, BROADCOM WIRELESS COMMUNICATIONS CORPORATION, IVAN W. WEBB and DONALD L. KNIGHT, Defendants; and BLACK GIANT RESOURCES CORPORATION, BROADBAND WIRELESS COMMUNICATIONS CORPORATION, MEDSCAN TECHNOLOGIES, INC., and KIMBERLY KNIGHT, Relief-Defendants. Civil Action No. 00-1375-R (USDC/W.D. Okl)
Federal and State Regulators File Coordinated Actions to Halt Stock Manipulation Scheme Orchestrated By Recidivists
The United States Securities and Exchange Commission ("SEC") and the Oklahoma Department of Securities ("ODS") announced that they have filed coordinated enforcement lawsuits in federal and state district courts to halt an alleged "pump and dump" stock manipulation scheme involving the securities of Broadband Wireless International Corporation ("BBAN"). BBAN is a Nevada Corporation with offices in Cisco, Texas and Oklahoma City. Its common stock trades in the over the counter market on the NASD OTC Bulletin Board under the symbol "BBAN." On August 11, 2000, U.S. District Judge Tim Leonard, entered orders freezing the assets of all defendants and relief defendants and appointing a federal court receiver for the corporate defendants and relief defendants.
The lawsuits allege that the scheme was primarily orchestrated by two individuals with histories of prior problems with regulators and law enforcement agencies, namely, Donald L. Knight ("Knight"), a convicted felon, and Ivan W. Webb ("Webb"), BBAN's president, who was charged with fraud in a prior SEC lawsuit. Knight pled guilty in 1990 to wire fraud in connection with a securities scheme, for which he previously was incarcerated and remains on probation. Webb was permanently enjoined by a federal court from engaging in violations of the federal securities laws in 1982 and was ordered to cease and desist from violations of Kansas securities laws in 1992.
According to the SEC and ODS, in the fall of 1999, Knight, operating through one of his several "nominee" companies, BroadCom Wireless Communications Corporation ("BroadCom"), acquired control of BBAN, a struggling public oil and gas company, and changed the company's stated business purpose to "telecommunications." Over the next several months, Knight and Webb caused BBAN to issue press releases and file reports with the SEC which fraudulently touted the company's purported acquisition of several private telecommunications companies. Knight and Webb further hyped the acquisitions and BBAN's favorable business prospects on the company's website and the "Raging Bull" Internet bulletin board.
The SEC and ODS further allege that these promotional or "pumping" efforts resulted in a dramatic rise in the price of BBAN's stock. In late 1999, shortly after Knight acquired control of the company, BBAN stock was trading at about $.12 per share. By February 2000, the price had increased by 10,000% to more than $12 per share. Concurrently, Knight sold or "dumped" millions of shares of restricted BBAN stock he held in the name of BroadCom to investors, reaping at least $5 million. Unbeknownst to these investors and to the public marketplace, BBAN did not have the financial wherewithal to consummate any of the acquisitions it touted and eventually defaulted on each one. Moreover, investors who bought shares through Knight were falsely led to believe that they were purchasing shares directly from BBAN and that their funds were earmarked for the company's operations. These investors also were falsely led to believe that they were buying BBAN shares that they could freely sell into the market within 90 days.
Knight and Webb later caused BBAN to file a false and misleading registration statement with the SEC on Form S-8. The registration statement falsely represented that the registered shares were for legitimate company consultants and employee purposes when, in fact, they were not. Later, Knight, in an effort to re-gain control over BBAN from Webb, caused BroadCom to conduct a fraudulent Internet proxy solicitation.
Both the SEC and ODS worked closely with the Federal Bureau of Investigation in this matter. The U.S. Attorney for the Western District of Oklahoma has filed a Petition in U.S. District Court seeking to revoke Knight's criminal probation.
The SEC's complaint charges that Knight, Webb, BBAN and BroadCom violated Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 ("Securities Act") and Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder. Further, the complaint charges that BBAN, aided and abetted by Webb, violated Section 13(a) of the Exchange Act and Rules 12b-20, 13a-11 and 13a-13 thereunder. Knight and BroadCom also are alleged to have violated Sections 13(d) of the Exchange Act and Rules 13d-1 and 13d-2 thereunder. Finally, the complaint charges that BroadCom, aided and abetted by Knight, violated Section 14(a) of the Exchange Act and Rules 14a-3, 14a-6 and 14a-9. In addition to the emergency relief set out above, the Commission seeks preliminary and permanent injunctions, disgorgement and civil penalties against Knight, BroadCom, Webb and BBAN, and disgorgement against the relief defendants.
The ODS Petition for relief setting forth the alleged violations of the Oklahoma Securities Act and relief being sought in state court may be found on the ODS website at <www.securities.state.ok.us>.
http://www.sec.gov/litigation/litreleases/
$50,000 is the listed min. They have it in $1000 blocks. You should request one. Looks very professional.
Just need to hear about drilling and this will get moving again.
Did you get the packet and is there
a minimum amount required? Thanks.
I requested the Kathis packet and might invest in the Kathis fund as well. I used the most conservative numbers I could with low production and price. Think having Kathis funds pay for drilling wells makes this a winner. I plan on investing in it after the first couple wells start showing production. At that point it won't be if I get my back it will be how long it takes. I will need a good tax write off. I hold a ton of NMEX already. I don't buy much more but the big bid in the 4s is me. I'll buy another million in 4s if people want to dump. Float is confirmed at 5.8 million and I know where a million is.
I emailed the company late this afternoon
to ask if they have been drilling since June.
We'll see if they reply. You said something
in your post about "20 barrels of oil a day."
They wouldn't drill for that little amount,
ever. A well would have to bring in at least
150 a day to make it worth anything. An oil
well pumping 20 a day is called a stripper
well and near to the end of it's production.
Unless they do a work-over and that's costly.
There's a thousand stripper wells around
Snyder, Tx. where I grew up, and there was
an oil boom there in 1950. Also, those
places NMEX intent to drill are not too
far from Snyder (Scurry county) and has
natural gas on top of the oil. Natural
gas is worth more than oil. So they will
be getting that, too.
Lets see what happens.
I was looking at the Kathis Fund packet and think I might invest in it. Looks like the first round is $5,250,000 to drill 8 wells.Split on revenue is 85% investor 15% Kathis until your receive your investment back. The industry standard is 75% investor 25% company.
Expected time frame to receive your money back is 2 years at $50 a barrel for oil. Oil is currently trading at $75. I assume each well will produce 20 barrels a day.
After investors recapture invested capital the remaining split become 60% investor 40% Kathis.
I also came across the fact that Kathis also keeps 10% of the funding for administration/operator cost.
So here are some assumptions on my part on revenue for NMEX based on Kathis alone with very conservative timelines.
2018
If the first round of funding closes for $5.25 million.
First well should be drilled in late August and will take 30 days to complete. I will make the assumption that they will complete a well every 2 months after this until the first 8 are complete. Since the first 4 are on the same lease they might drill back to back wells at some point. For these numbers I will assume
1 well produces 19 barrels a day at $50 and Kathis has 75% NRI.
So investors will get $605 and Kathis will get $106 a day until all investor money is paid back.
2018
$525,000 Kathis fund 10%
$12,720 4 months production SEPT. TO DEC 1 well 19 BOEPD
$6,360 2 months production NOV. to DEC 1 well 19 BOEPD
$544,080 revenue to Kathis lets say they waste it all and break even for the end of the year and clean up the little debt they have.
2019 is the year of the break out and why I'm holding long.
$3,000,000 Kathis Fund 2 for $30,000,000 25 wells
$114,000 3 wells 12 months production
$31,800 1 well 10 months production
$25,440 1 well 8 months production
$19,080 1 well 6 months production
$25,444 last 2 wells 4 months production first fund complete.
$3,215,764 with a 45,000,000 million share count
I made a lot of conservative projections and probably did more damage with this post than good. But this ladies and gentleman is why I am long till the end of 2019.
Everything is my opinion and if you have any questions with my core math let me know.
Slow days of summer. Fire up a drilling rig Ivan.
Should be a nice steady climb to the end of the year. I'm looking at investing in the Kathis fund as a tax write off in November.
Thanks for the tip as I bought in.
The O/S count is not too bad. And I like
that they are branching into other sectors.
Interesting indeed.
WOW! Man... this can really fly once we get some good drilling news or resort news.
Ronin looks like they updated the float on OTC markets. 5.8 million on 6-30-18 I knew it was tight but damn that's razor thin.
Can’t wait to hear about drilling here. We should really start hitting radars then.
Some volume today. Getting thin on the way back up.
Thanks for dropping it in here Mark.
$NMEX Shareholder Update
https://madmimi.com/s/1f664c
Source: https://t.me/joinchat/G6gDqVNrqXiuseBU2PDfbw
Very close comparison to NMEX. I think we have a little better OS and float though at... 43 mill OS, and 6 mill float I believe (correct me if I'm wrong).
So I agree we should see near .40 by end of year.
Exactly. On news of barrels of oil...it will go higher.
I was looking at AMAZ production of 28 brls a day in 2018. 75 million OS and trading at .40. I think we see .40 by the end of the year.
On this float it could go way over .20 on news
Yes it does. And as things develop, I believe it will have no problem reaching over .20
I'm looking at other stocks but don't see the potential I see here. Kathis to fund drilling program at very little cost to NMEX will make it a winner.
It usually starts with chatter
This is definately the right time to be in the oil business
Yeah $NMEX should run, a lot of chatter here https://t.me/joinchat/G6gDqVNrqXiuseBU2PDfbw
Moves on air, any news and this flies.
The chart looks primed and such a low float.
Mark
Link to chat does not appear to work. I know there is a Twitter chat as well.
Guys in chat said things were about to pick up with $NMEX
SOURCE: https://t.me/joinchat/G6gDqVNrqXiuseBU2PDfbw
Very good breakdown sir. Really appreciate the post.
It looks like the run is coming, we were discussing $NMEX https://t.me/joinchat/G6gDqVNrqXiuseBU2PDfbw
I was looking at the Kathis Fund packet and think I might invest in it. Looks like the first round is $5,250,000 to drill 8 wells.Split on revenue is 85% investor 15% Kathis until your receive your investment back. The industry standard is 75% investor 25% company.
Expected time frame to receive your money back is 2 years at $50 a barrel for oil. Oil is currently trading at $75. I assume each well will produce 20 barrels a day.
After investors recapture invested capital the remaining split become 60% investor 40% Kathis.
I also came across the fact that Kathis also keeps 10% of the funding for administration/operator cost.
So here are some assumptions on my part on revenue for NMEX based on Kathis alone with very conservative timelines.
2018
If the first round of funding closes for $5.25 million.
First well should be drilled in late July and will take 30 days to complete. I will make the assumption that they will complete a well every 2 months after this until the first 8 are complete. Since the first 4 are on the same lease they might drill back to back wells at some point. For these numbers I will assume
1 well produces 19 barrels a day at $50 and Kathis has 75% NRI.
So investors will get $605 and Kathis will get $106 until all investor money is paid back.
2018
$525,000 Kathis fund 10%
$12,720 4 months production SEPT. TO DEC 1 well 19 BOEPD
$6,360 2 months production NOV. to DEC 1 well 19 BOEPD
$544,080 revenue to Kathis lets say they waste it all and break even for the end of the year and clean up the little debt they have.
2019 is the year of the break out and why I'm holding long.
$3,000,000 Kathis Fund 2 for $30,000,000 25 wells
$114,000 3 wells 12 months production
$31,800 1 well 10 months production
$25,440 1 well 8 months production
$19,080 1 well 6 months production
$25,444 last 2 wells 4 months production first fund complete.
$3,215,764 with a 45,000,000 million share count
I made a lot of conservative projections and probably did more damage with this post than good. But this ladies and gentleman is why I am long till the end of 2019.
Everything is my opinion and if you have any questions with my core math let me know.
Holding strong too.
Who sold me 1000 shares. I added some size if you want to dump. Long and strong.
Guess who got some shares today. I seen a 250k block at .0425 so I put another 100k bid in above it. If you are reading this seller why don't you hold for a couple months it's a easy double. Or keep dropping bombs and I'll keep buying.
Kinda slow until we get some updates. I need somewhere to,park some money for the summer.
Heading back to .10 soon. A small block of shares there. But nothing that can’t be chipped away at.
Nice! We are NOW Pink Current!!!
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Northern Minerals & Exploration (“NMEX”)
Northern Minerals & Exploration (“NMEX”) is an emerging real estate development & exploration company focused on both domestic and international projects.
NMEX is currently dedicated to building cash flow from the following projects below:
Oil & Gas E&P projects in Texas (Drilling wells in proven, but overlooked oil fields)
· Drill 12 PUD locations in Permian Basin (Eastern Shelf)
· Drill 3 wells in “look-a-like” structure to a field that has produced 1,700,000 bbls from 8 wells.
· Drill 1 well in a direct offset between 2 wells with IP140 BOPD & 1.4 BCF gas
· Drill 6 wells in pre-maturely abandoned oil field with remaining oil reserves of approx. 4 – 5 million bbls
**********
Caribbean Resort Development in Mexico
NMEX has entered into a Letter of Intent (LOI) to further pursue the possible acquisition and development of approximately 33.5 hectares (82.74 acres) on the Caribbean Coast in the state of Quintana Roo. Quintana Roo, is often referred to as “The Mexican Caribbean” with a shoreline along the Caribbean that has grown in just a few decades into a major tourism destination. It includes world-class resorts built specifically for the Yanqui/Euro tropical vacation business, small communities with a more local Maya-Mexicano character, and fascinating ancient Maya archaeological sites. Nearly 10 million people visited the state of Quintana Roo last year, according to the Tourism Secretariat of Quintana Roo (SEDETUR). The Property is a part of the Riviera Maya & is located near the recently discovered Ichkabal Mayan ruins and is situated on the Caribbean coast of the Yucatan Peninsula. NMEX considers the Property to have excellent potential for resort development.
**********
Gold Exploration
The Winnemucca property consists of 208 unpatented claims which are all in good standing on approximately 4000 acres. The Winnemucca property is an excellent exploration property. A third party engineering report believes there is possible potential of over 400,000 ounces of gold and 4 Million ounces of silver.
*****
Kathis Energy LLC
NMEX Creates Kathis Energy LLC
NMEX created a 100% wholly owned subsidiary, Kathis Energy LLC, which is establishing operations in West & South Texas. The Kathis team has been assembled to identify and exploit oil & gas fields which were not fully developed, and existing wells which were plugged prematurely, leaving significant primary recoverable reserves behind. Kathis and NMEX have identified more than 30 drill locations of merit and will seek financing of $35,000,000 for a 2018 exploration campaign.
You can find a summary of the professional men that have joined Kathis. Go to www.kathisenergy.com
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