Paco Integrated Energy Inc. (fka PACO)

[Apophis]

should go to $1.20 at the close

I hope these clowns learned from thier mistakes by over dilution? They (DVFI,TYEG,POGC)need to execute a real viable plan to earn money and not rip off investors?

[Apophis]

Thanks


You would think that it might be something for a PR?

[medchal]

"That was the only place it was posted?" That is THE place for it to be posted. Although the company could fail to execute the split, it has been approved for that date by FINRA. Probably a stealth split!

[Apophis]

That was the only place it was posted?

[medchal]

"I am trying to confirm with the company?" The information from FINRA should be definitive.

[popcorn202]

I am not surprised. Slimy but legal.

[Apophis]

It was someone with a private reply.

he gave a link:

http://www.otcbb.com/asp/dividend.asp?sym_id=POGC&dDate=5/4/2009&sDateType=ex_date



I am trying to confirm with the company?

I am sure Arch will be pissed? Anyone talk to him?

[comon16]

Where did you hear about a possible reverse split?

[Apophis]

An unconfirmed 1:17 reverse split
on May 4th?

Do you know anything?

[medchal]

That sounds like E*Trade.

Actually, Ameritrade has simply buffered me slightly from the problem, because they can attest that E*Trade sent unrestricted shares. Whether they should have been restricted (they should) is irrelevant. I checked carefully with Ameritrade, including their reorganizations desk, before selling the shares. All this being the case, E*Trade can pout all they want and won't get me to pay more back for the shares than I got for them, because the error was elsewhere, not with me. It's too late to bust the trade, so if E*Trade wants to set things right, they will have to buy up the shares and send them to the transfer agent in exchange for restricted shares.

In any case, let us not forget where the real blame lies. Legitimate companies and their transfer agents don't perform these half-baked transactions that turn out all wrong.

[findit]

You were lucky that your broker is trying to fix the problem of selling the restricted shares. Like you I sold at .05 and thought I had a gift. My broker came back a few days later and said I should not have sold these 'restricted' shares. They forced me to buy the shares back. The buy back was at .15 a share. I won't mention the broker yet as I am still fighting this. If they don't handle this properly, I will alert you all who they are. Jim

[popcorn202]

obviously a mistake by E Trade and I think that you should be in the driver's seat at this point. But whatever happens those shares have a 6 month window of restriction which ends in July.

[medchal]

That was my understanding, too, but E*Trade received unrestricted shares (doubtlessly because of the doofs at POGC), passed them along to Ameritrade, and now would like to have them back so that they can issue restricted shares. I checked very thoroughly with Ameritrade before selling those shares, and they were not restricted. I'm willing to be put back in the position I was in to start with, but of course E*Trade evidently thinks it would be nifty if I would "just" buy an equal number of shares in the market so they can have them. That isn't going to happen (unless I could get them for the three and one-half cents I was paid, or less.

[popcorn202]

The restriction period should end in July of this year. Not 6 months from now.

[medchal]

The fun never ends with the stinky pinkies. Just as I expected, E*Trade is now very belatedly "demanding" that the shares I sold (through my subsequent broker) be returned so that they can issue restricted shares as they should have in the first place. I'm assuming that the real fault goes back to the company for not identifying the restricted shares properly. It'll (not) be fun seeing where this all leads.

[medchal]

I have been leery of having my sale busted, and I am prepared for it if it happens. It's not a big deal to me. Probably this hopeless company botched the issue of shares (by not noting their restricted nature) just as the hopeless company that was "purchased" botched everything it did.

[pirate322]

I too noticed these show up in my account without restrictions and so promptly dumped them (at 0.05) on Monday. I was happy to get a little something back... Well today my account actually shows me short the number of shares I sold - guess I really never had the shares to sell. Etrade says I shouldn't have been able to sell in the first place and they are working on "fixing" it all, leaving me right back where I started - with a bunch of worthless crap. Hope it goes better for you all, but don't get your hopes up

[Apophis]

Good for you

any return of capital from this webbing of shells is great.

[medchal]

Follow-up: I was unable to sell for a penny yesterday. Being unable to watch the market all day today, I put in a sell order for $ 0.0175. When I returned, a sale had been executed at $ 0.035. Well, stranger things have happened on the greys.

I don't know whether this information will be useful to anyone, but it can't hurt to know what happened.

[medchal]

Thanks for the responses. I couldn't get a penny today.

[tommycjr]

I sold 14,360 at a nickle yesterday. I figured any $$ back was a gift. It was only a partial fill, I have 5,100 left.

[popcorn202]

My shares are not restricted but I cant sell them Fidelity tells me. I think its a 6 month period ending this July.

[medchal]

I have some of this pig which is, for whatever reason, not restricted. Has anyone succeeded in a sale lately, and if so, at what price?

Thanks for any replies.

[popcorn202]

For me it would be July as 6 months after conversion.

[cdaniel394]

So time wise we are about half way to having trading restrictions lifted?

[Apophis]

Tyche is still alive?

[fixedops]

2 cents coming soon

[Apophis]

Nice close :(

I did not see any news today so I expect someone got thier shares unrestricted and sold them at the market price.

[sbbi]

doomday?

[popcorn202]

I think it was a 1:1 swap to complete a deal previously made and to broaden their stockholder base. Just my guess, no facts behind it.

[sbbi]

So is the POGC's management stupid to exchange 1:1 for a stock valued 0.0001 when POGC's price was over $1 (even $0.1 now)?

[popcorn202]

I think that was 28 to 1.

[popcorn202]

Not true in my case ( and in lots of others I suspect) since my shares are restricted for 6 months (July 09) I cant trade them and neither can anyone else who has the restricted stock. So, that leaves only the original share holders of POGC who number about 12 million. Not much of a float.

[sbbi]

When will the trading restriction be lifted for POGC? thanks.

[sbbi]

i did some research:
DVFI spinned off WOGI (1 per 30). POGC then acquired WOGI.

BTW, DVFI also spinned off TYEG

I also read that WRNW issued stock dividend of DVFI.
http://app.quotemedia.com/quotetools/newsStory.go?storyId=6624144&topic=DVFI&symbology=null&cp=null

It is so complicated. there must have been some gaming...

[sbbi]

Good point! I think that might lead to some trading strategy.. How to find this kind of corporate actions? do you have a link of the news for what happened? (I am new to POGC)

"I imagine that many of the people that have shares of stock in this company received them as dividends from previous companies. As a result there is less connection to the stock."

[comon16]

If someone puts in a market order to sell/buy a thinly traded stock the executed price may be way away from the current listed price.

There are many reasons why a person may put in a market order(most of them bad IMO) but I can certainly see that someone might want out of this stock no matter what the price.

I imagine that many of the people that have shares of stock in this company received them as dividends from previous companies. As a result there is less connection to the stock.

[sbbi]

I just suspect there is something more than the super wide bid/ask spread behind those movements. Why would sell his shares for $0.06 when the price was $1?

[popcorn202]

Very low float and most of it Restricted so any sales have big impact on pps. I think the total float available for trades is about 12 million shares. Anyone know for sure?

[Apophis]

It is a low volume stock and any activity
will push the PPS and it will over react in any direction.

[sbbi]

can anyone explain why there were these kind huge oscillations of PACO's stock price? what motives were behind those movements? thanks

[Apophis]

I must admit that when I did call it sounded like a
day school center in the backround.

I do not expect this to recover any my losses from the DVFI fiasco.

[popcorn202]

I am going to call the new CEO

[popcorn202]

The house you are showing is the wrong address. Try using Google earth or Map quest.

[eatmenasdaq]

Hello all just checking in on my 325000 shares of POGC. Found our new headquarters. I will check back in a year or so.

http://www.zillow.com/homes/map/17-South-Briar-Hollow-Lane-houston-tx_rb/

[popcorn202]

According to (Arch_Oil) DVFI never paid to renew its CUSIP number, which lapses this month. I guess this can be checked by anyone willing to look up the registration papers in Nevada. If true, then all your questions are mute. I suppose that someone with the resources and enough DVFI stock as incentive can verify the players involved and who did what.

[comon16]

I have been trying to figure this out as well.

DVFI shareholders received a dividend of wwog shares which ended up being PACO shares. But after that dividend I thought that I saw PR's stating that wwog was a subsidiary of dvfi. So did dvfi still hold more shares if so what happened to them?

If there still are shares and dvfi disolves shouldn't the shares be distributed to the shareholders? Assuming anything is left after creditors are paid. I know big assumption.

If officers of dvfi or others converted the shares to their own use wouldn't that be a reportable offense?

[popcorn202]

None as far as I can tell

[comon16]

From Forbes;

Frank Snortheim
Director
2-Track Global, Incorporated
London , EN
Sector: SERVICES / Security & Protection Services

51 Years Old
Frank Snortheim became a Director on January 4, 2007. Mr. Snortheim has been an investment director of InnFond P/S, Copenhagen, Denmark since 2003, with responsibility for identifying new investment opportunities, preparing business plans, identifying potential partners, coaching management teams and identifying new financing partners. Prior to this position, from December, 1999 to March, 2003, Mr. Snortheim was a vice president for Handelsbanken Capital Markets, a division of Svenska Handelsbanken AB, Sweden, Corporate Finance, Copenhagen, Denmark. Mr. Snortheim also spent two years working for Washington Equity Partners, Washington, D.C. where he was a director and partner. Prior to his work with Washington Equity Partners, Mr. Snortheim worked with DSC Communications, Plano, Texas as director for strategic marketing. Mr. Snortheim has an executive education from INSEAD, Fontainebleau, France and MBA studies from Marquette University Graduate School, MS in Economics with finance major from Copenhagen Business School and a BA in Business from Copenhagen Business School.

http://people.forbes.com/profile/frank-snortheim/97

[kan72]

Bloomberg: Paco Oil and Gas Inc. Appoints New Company President -- Moves Corporate Head Offices

HOUSTON, TX -- (MARKET WIRE) -- 02/18/09 -- Paco Oil and Gas Inc. (PINKSHEETS: POGC) (FRANKFURT: 4IP) -- as part of the corporation's recent amalgamation and re-organization the board of directors have appointed Mr. Frank Snortheim as Paco Integrated Energy's new president. Mr. Snortheim holds a M.Sc. Finance from Copenhagen Business School and further executive education from INSEAD, Fontainebleau, France. In addition, the newly appointed company president brings an experienced background in energy, technology, venture capital and investment banking with major financial institutions here and abroad.

The company will also utilize outside technical and financial consultants to assist management reviewing potential investment and divestment opportunities to control costs.

Paco Oil and Gas Inc. also announced the relocation of its head office to Houston, Texas.

17 South Briar Hollow Lane
Houston, Texas
77027
Office : 281-818-3450
European Offices: 11 45 204 19750
Management has begun the process of changing the company name to Paco Integrated Energy Inc. and expects to have this process completed by early March 2009.