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hi marks, this date is important to old and new readers. thanx
re:
We know the hearing is July 23 @ 2:30pm
We know the hearing is July 23 @ 2:30pm
ceo alleged wrong doings haven't gone to court yet. so not guilty til judge said guilty as charged.
i do think ceo should step down til this matter is cleared up.
wells are still there.
re;
Oilpods sues Fox ---Changs shares near worthless-- 2,400 Oilpod investors with $25,000 or more invested wondering "Where is the production?"
Bankruptcy or Receivership.
On July 14, 2008, Powder River Petroleum International, Inc. (the “Company”) was served with a complaint (“Complaint”) alleging securities fraud and mismanagement by the Company and its President and Chief Executive Officer, Brian Fox, individually (“Defendants”). The Complaint was filed in the District Court of Tulsa County, State of Oklahoma (the “Court”), case number CJ 2008 04855, by plaintiffs Mark Chang, Alan Kwok, and Lim Hong Beng, individuals, and Huios Energy, LLC, an Oklahoma limited liability company, and OilPods Singapore Pte. Ltd., a Singapore private limited company (“Plaintiffs”).
In connection with the Complaint, Plaintiffs filed a temporary restraining order (“TRO”) freezing the Company’s assets and a petition for appointment of a receiver (“Receiver”), both of which were granted by the Court. The TRO was granted effective July 14, 2008 with a hearing scheduled for July 23, 2008. The Receiver, Bruce W. Day, Esq., was appointed effective July 14, 2008.
The Company is seeking litigation counsel to assist in reviewing and responding to the Complaint. At this time, the Company intends to contest the allegations vigorously.
This must be a very good case for the assets to be frozen. Oh the Irony!
Oilpods sues Fox ---Changs shares near worthless-- 2,400 Oilpod investors with $25,000 or more invested wondering "Where is the production?"
ever since name change been all downs for PWDR. international ideas not working so far.
Nice TA mick
Look at the volume....its green
TA, an eye on fatfinger trades.
Caspermick
"TOUGH TIMES NEVER LAST BUT TOUGH PEOPLE DO."
God Bless America
In Gambling,,,Playing Card Games. Ya Never Know What The Next Hand Will Look Like.
Ten Bagger Potential Stock
I bought to bring it back up to .018
i see $0.018 last. still holding pretty good today. news didn't take it down as some thought it would.
Could....I bought more today
i'm glad to see your response. maybe something will give to and uptick direction when financials are shown.
Exactly......innocent till proven
mick,
Although obviously I am not happy about this turn of events I am still holding onto my shares.....innocent until proven guilty.
this is how it is today. forum:
Moderator: mick Assistants: Markss40, StormyMonday, bagfull, ranger8 Boardmarks: 66
Created: 10/7/2004 11:05:16 PM
markers at 66
o.k., mark now to get producing oil and natural gas with some production numbers.
even though some negatives will be coming "please stay on topic."
We got ya covered mick ...... no worries my friend
just checking here, are you still o.k. with us on da forum?????
hi mark, assistants "we welcome StormyMonday to fill last spot on assistants."
big hills to climb but it isn't over for 'Powder River Petroleum International Inc '
ceo said not so , so time is ticking for possibly interim
mgmt.
ceo does hold lots of shares.
may have to appoint someone to take da reins til matters get settled.
i haven't kept up with recent pr except for yesterday's release.
BAADDOG - we'll just leave that one alone for now
and see the outcome of the latest news.
It does not look good.
What a shame!
probably is all for not for all that stood for their product stuff.
shareholders did support a lot here.
total surprise after hearing things were going to get some funding.
wow.
Powder River Contests Actions Regarding Lawsuit Filed
Tuesday July 15, 5:21 pm ET
CALGARY, ALBERTA--(MARKET WIRE)--Jul 15, 2008 -- Powder River Petroleum International Inc. (OTC BB:PWDR.OB - News), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today received copies of a petition filed in Tulsa County, Oklahoma District Court, which alleges various securities and other violations against the Company and Brian Fox, President. The Court issued a Temporary Restraining Order requiring the maintenance of the status quo until a hearing on Wednesday, July 23, 2008 at 9:30AM. The Court also appointed a receiver to insure that the status quo is maintained until the results of that hearing.
The Company is seeking litigation counsel to assist in reviewing and responding to the complaint. At this time, the Company intends to vigorously contest the allegations.
Powder River Petroleum International Inc. is active in production, acquisition, and marketing of crude oil and natural gas properties.
Powder River Petroleum International Inc. trades on the OTCBB under the symbol PWDR.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.
Contact:
Contacts:
Powder River Petroleum International Inc.
Steve Weiss
Investor Relations
(609) 529-3671
Email: info@powderrivergascorp.com
Website: http://www.powderriverpetroleum.com
Princeton Research Inc.
Mike King
Market Analyst
(702) 650-3000
--------------------------------------------------------------------------------
Source: Powder River Petroleum International Inc.
Email Story
Set News Alert
Print Story
WOW---big *Q* this after closing pr. Form 8-K for POWDER RIVER PETROLEUM INTERNATIONAL, INC.
--------------------------------------------------------------------------------
15-Jul-2008
Bankruptcy or Receivership
Item 1.03.
Bankruptcy or Receivership.
On July 14, 2008, Powder River Petroleum International, Inc. (the "Company") was served with a complaint ("Complaint") alleging securities fraud and mismanagement by the Company and its President and Chief Executive Officer, Brian Fox, individually ("Defendants"). The Complaint was filed in the District Court of Tulsa County, State of Oklahoma (the "Court"), case number CJ 2008 04855, by plaintiffs Mark Chang, Alan Kwok, and Lim Hong Beng, individuals, and Huios Energy, LLC, an Oklahoma limited liability company, and OilPods Singapore Pte. Ltd., a Singapore private limited company ("Plaintiffs").
In connection with the Complaint, Plaintiffs filed a temporary restraining order ("TRO") freezing the Company's assets and a petition for appointment of a receiver ("Receiver"), both of which were granted by the Court. The TRO was granted effective July 14, 2008 with a hearing scheduled for July 23, 2008. The Receiver, Bruce W. Day, Esq., was appointed effective July 14, 2008.
The Company is seeking litigation counsel to assist in reviewing and responding to the Complaint. At this time, the Company intends to contest the allegations vigorously.
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8-k BAD!
On July 14, 2008, Powder River Petroleum International, Inc. (the “Company”) was served with a complaint (“Complaint”) alleging securities fraud and mismanagement by the Company and its President and Chief Executive Officer, Brian Fox, individually (“Defendants”). The Complaint was filed in the District Court of Tulsa County, State of Oklahoma (the “Court”), case number CJ 2008 04855, by plaintiffs Mark Chang, Alan Kwok, and Lim Hong Beng, individuals, and Huios Energy, LLC, an Oklahoma limited liability company, and OilPods Singapore Pte. Ltd., a Singapore private limited company (“Plaintiffs”).
In connection with the Complaint, Plaintiffs filed a temporary restraining order (“TRO”) freezing the Company’s assets and a petition for appointment of a receiver (“Receiver”), both of which were granted by the Court. The TRO was granted effective July 14, 2008 with a hearing scheduled for July 23, 2008. The Receiver, Bruce W. Day, Esq., was appointed effective July 14, 2008.
The Company is seeking litigation counsel to assist in reviewing and responding to the Complaint. At this time, the Company intends to contest the allegations vigorously.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5777008</a>" target="_blank">http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5777008">http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5777008</a>
Rocky, I assume Eric/Irony are one in the same? if so where did he come from, and why the axe to grind?
Thank's BD
Stock price .014...Looks like the rats are jumping ship.
Eric sees the buying. You can bet he's one of the buyers.LOL
(as well as his associates who come along with him)
I guess you don't see the buying. I guess you really don't know whats going on eh?
Yep, very nice buying volume. Looks like they are hammering things out. I wonder if thats a charting term.............
Nice to see some buying volume coming in....hope it continues.
Nice hammer so far. Hammer them babies out
Looks like its out with the old and in with the new investors.
Friday should have ended it.
I was hoping to get some shares on the bounce today, but I had no luck.
I'll be watching for buying pressure to come back into the stock over the next couple of weeks.
Looks like today was the last sell off with the old shareholders, I mean old. The ones that were here for the Singapore sling. The
company wrote its loss's off and have their feet on the ground.
Now all we'll need to move forward in some financing IMO
Still throwing away money. Oh the Irony!
I bought a few years ago, and just a month ago
Then you bought several years ago, when I sold most of my position at .50....Oh the Irony!
I might have bought a few of those myself!
Thanks I guess I bought your shares. Thank you.
one way or da other it make it green on in larger pockets here.
I honestly feel bad for those who thought this was a real oil company....Oh the Irony!
I guess thats a good thing.
LOL..."Spike"...Even Jester is silent. eom
I miss spelled it..............Rake for the leaves which are $$$
IMO
is that a racket to hit da ball straight?????
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