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The company seems to be doing fine but as a whole this is very confusing and they need to be clearer in what they are doing and their relationship with Rhino. They need a concise report.
$ROYE Royal Energy Resources Completes Initial Transaction to Acquire Control of Rhino Resource Partners, LP
Source: Marketwired
Royal Energy Resources Completes Initial Transaction to Acquire Control of Rhino Resource Partners, LP
CHARLESTON, SC-(Marketwired - Jan 25, 2016) - On January 21, 2016 Royal Energy Resources, Inc. ("Royal") (OTCQB: ROYE) entered into a Securities Purchase Agreement (the "Purchase Agreement") with Wexford Capital, LP, and certain of its affiliates (collectively, "Wexford"), under which Royal agreed to purchase, and Wexford agreed to sell, a controlling interest in Rhino Resource Partners, LP ("Rhino") (OTCQB: RHNO) in two separate transactions. Pursuant to the Purchase Agreement, Royal purchased 6,769,112 Common Units of Rhino from three holders for total consideration of $3,500,000.
The Common Units purchased by Royal represent approximately 40.0% of the issued and outstanding Common Units of Rhino, and 23.1% of the total outstanding Common Units and Subordinated Units. The Subordinated Units are convertible into Common Units on a one for one basis upon the occurrence of certain conditions.
At a second closing, to be held upon the satisfaction or waiver of certain conditions, but no later than sixty days after January 21, 2016, Royal has agreed to purchase Rhino GP, LLC, and 9,455,252 Subordinated Units of Rhino from two holders thereof, for aggregate consideration of $1,000,000. The Subordinated Units to be purchased by Royal represent approximately 76.5% of the issued and outstanding Subordinated Units of Rhino, and when combined with the Common Units already owned by Royal, will result in Royal owning approximately 55.4% of the outstanding Units of Rhino. Rhino GP, LLC is the general partner of Rhino, and in that capacity controls Rhino.
William Tuorto, Royal's Chairman and Chief Executive Officer commented, "We are extremely pleased with our investment in Rhino, a company with significant value assets, as compared to its current debt position. We are currently working with Rhino's management to optimize its assets and operations for current market conditions. Our goal, ultimately, is to increase Rhino's profitability and resume distributions to the unit-holders."
About Royal Energy Resources, Inc.
Royal Energy Resources, Inc. is focused on the acquisition of coal, gas and renewable energy assets that are profitable at current distressed prices. We believe that current market conditions present a rare opportunity to purchase high-quality assets at a fraction of their book or enterprise values. Additional information regarding Royal is available on its web site - www.royalenergy.us.
Forward Looking Statements
This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the Company. These and other risks are described in the Company's reports filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this communication and Royal Energy Resources, Inc. undertakes no obligation to update or revise these forward-looking statements.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Royal undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, unless required by law.
Investor Contact:
William Tuorto
+1 843-900-7693
info@royalenergy.us
$ROYE recent news/filings
bullish
## source: finance.yahoo.com
Thu, 06 Aug 2015 20:49:03 GMT ~ ROYAL ENERGY RESOURCES, INC. Files SEC form 8-K, Unregistered Sale of Equity Securities, Regulation FD Disclosure, Fi
read full: http://biz.yahoo.com/e/150806/roye8-k.html
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Thu, 06 Aug 2015 17:33:00 GMT ~ Royal Energy Resources Funds Initial $2,500,000 Offering; Raises Total Offering Amount To $7,500,000
[PR Newswire] - CHARLESTON, S.C., Aug. 6, 2015 /PRNewswire/ -- Royal Energy Resources, Inc. (OTC Markets: ROYE) today announced it has over-subscribed its initial round of financing, in the original amount of $2,500,000, and increases its Offering amount to $7,500,000. In order to fund recently acquired operations and contemplated acquisitions, the Company recently opened two private Offerings, in the amounts of $2,500,000 and $30,000,000. On June 8, 2015, the Company offered 1,000,000 shares of common stock at $2.50 per share, for aggregate proceeds of $2,500,000, representing approximately 8.9% of the issued and outstanding Common Stock of the Company, on a fully diluted basis.
read full: http://finance.yahoo.com/news/royal-energy-resources-funds-initial-173300305.html
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Wed, 05 Aug 2015 17:22:00 GMT ~ Royal Energy Resources Announces Recent Material Transactions
[PR Newswire] - On March 6, 2015, the Company underwent a change of control, whereby William Tuorto and his investment firm E-Starts Money Co. acquired an aggregate of 7,998,876 shares of Common Stock and 51,000 shares of Series A Preferred Stock. As a result, Mr. Tuorto became the beneficial owner of 92.3% of the outstanding Common Stock and 51% of the Preferred Stock.
read full: http://finance.yahoo.com/news/royal-energy-resources-announces-recent-172200631.html
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Tue, 21 Jul 2015 17:04:08 GMT ~ ROYAL ENERGY RESOURCES, INC. Financials
read full: http://finance.yahoo.com/q/is?s=roye
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Sat, 18 Jul 2015 00:09:25 GMT ~ 10-Q for Royal Energy Resources, Inc.
read full: http://www.companyspotlight.com/routers/headline/26927/10004/6537041?cp_code=YAH1&1437178165
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$ROYE charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$ROYE company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/ROYE/company-info
Ticker: $ROYE
OTC Market Place: OTCQB
CIK code: 0001102392
Company name: Royal Energy Resources, Inc.
Company website: http://www.royalenergy.us
Incorporated In: DE, USA
Business Description: Royal Energy Resources, Inc. is a development stage Company which focuses primarily on energy projects in the United States of America
$ROYE share structure
## source: otcmarkets.com
Market Value: $126,716,415 a/o Aug 24, 2015
Shares Outstanding: 12,068,230 a/o Jun 30, 2015
Float: Not Available
Authorized Shares: 500,000,000 a/o Feb 12, 2015
Par Value: No Par Value
$ROYE extra dd links
Company name: Royal Energy Resources, Inc.
Company website: http://www.royalenergy.us
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=ROYE+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=ROYE+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=ROYE+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/ROYE/news - http://finance.yahoo.com/q/h?s=ROYE+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/ROYE/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/ROYE/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=ROYE+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/ROYE
DTCC (dtcc.com): http://search2.dtcc.com/?q=Royal+Energy+Resources%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Royal+Energy+Resources%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Royal+Energy+Resources%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.royalenergy.us
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.royalenergy.us#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.royalenergy.us
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/ROYE
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001102392&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/ROYE/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/ROYE/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=ROYE&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=ROYE
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/ROYE/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=ROYE+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=ROYE+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=ROYE
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=ROYE
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=ROYE+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/ROYE/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=ROYE+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/ROYE.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=ROYE
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/ROYE/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/ROYE/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/ROYE
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/ROYE
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/ROYE:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=ROYE
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=ROYE
$ROYE DD Notes ~ http://www.ddnotesmaker.com/ROYE
This is trading pretty well and looks good here.
I had shares .003 pre 1 for 500 reverse split. Now $24? Wow
No joke. Now +129.54%.
ROYE $23.00 +12.98 (129.54%)
Some kind of forced covering or something going on here.
I might hold for a while. What do you think what would be high price target. I'm guessing $8-9.
Me three. Cleared ROYE the other day with a pre R/S profit. Sometimes it pays to just sit and wait. Thought I would sit on this one for life and maybe buy down when it hit trips.
That's what I said. What the hell!
What the hell???
.25 to $5.00 in a week...whoa...
E
Damn, This exactly the reason I invest in penny stocks. Too bad I never found this one months back!
Did I miss someting news came out?
This company is a pos took 92% of everyone's shares! Share structure was already low.
ROYE one for 500 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=09/28/2012&mkt_ctg=OTCBB
QB 155k 3mo. avg. volume
Contact Info
543 Bedford Avenue
#176
Brooklyn, NY 11211
Website: http://www.royeinc.com
Phone: 800-620-3029
Email: roye177@aol.com
Update Company Info
Business Description
Financial Reporting/Disclosure
Reporting Status SEC Filer
Audited Financials Audited
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001102392
Fiscal Year End 8/31
OTC Market Tier OTCQB
Profile Data
SIC - Industry Classification 1311 - Crude petroleum and natural gas
Incorporated In: DE, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Jacob Roth President, CEO, CFO
Company Directors
Not Available
Company Notes
Formerly=World Marketing, Inc. until 12-07
Service Providers
Auditor/Accountant
Paritz and Company, P.A.
15 Warren St.
Suite 25
Hackensack, NJ, 07601
United States
Legal Counsel
Robert Brantl
52 Mulligan Lane
Irvington, NY, 10533
United States
Investor Relations Firm
Not Available
ROYE Security Details
Share Structure
Market Value1 $68,611 a/o Sep 21, 2012
Shares Outstanding 85,763,731 a/o Jun 29, 2012
Float 41,000,000 a/o Mar 15, 2011
Authorized Shares 100,000,000 a/o Dec 02, 2007
Par Value No Par Value
Shareholders
Shareholders of Record 85 a/o Dec 07, 2011
Short Selling Data
Short Interest 321 (100%)
Aug 31, 2012
Significant Failures to Deliver No
Transfer Agent(s)
Routh Stock Transfer
Lovely neighborhood..... if your an artist :)
Glad someone finds this amusing. Good luck to u
Want to have a little laugh...
Put the corporate address into Google Maps and see what comes up
543 Bedford Ave., #176, Brooklyn, New York 11211
nice......
wow!! didnt see this coming... thinking that only reason why they increase of a/s cuz of possible merger
Seems like it could be the makings of something interesting. The precious metal component and the probably increase in authorized seem to be the stand out factors to be cautious about but the right acquisition or deal and the stock could perform. Have you spoken to the CEO?
Unfortunately not. if not mistaken this is the first time in three years that ROYE released a pr. a good sign for us fellow shareholders.
Any idea what the sell of the project is going to yield to $ROYE?
Also do they know the development plans of the asset and what upside the 1% ORR will impact it?
adding more. once we see the closing of this LOI we gonna get the volume is lacking right now. it trades so thin...back to a penny for sure
Oh trust me I'm not investing any money here was just interested in their oil & gas ventures, if any.
I see the increase of authorized as necessary as there is only 100M authorized. A reasonable increase based on the price would be justifiable and could present an opportunity, if (and a big IF at that)they had any developments to become a reputable E & P company.
This non sense about precious metals is a pretty clear indication that will not likely happen.
On April 5, 2012, the Company’s Board of Directors approved making the notes convertible into up to 40 million shares of the Company’s common stock. In order to issue the required shares, either the controlling shareholders of the Company will increase the authorized shares of the Company or the Company’s CEO will cancel shares previously issued to him.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8545276
Dont tell me he will cancel shares. ;)
He will increase the A/S and i see dilution. Not enough interest in ROYE. He cant sell enough shares, that´s why he will release some news, like last year!
What happened after all these great news last year? Its a POS without any business, without employees, no doubt about that!
But wish you luck!
Is this an energy company or a mineral company?
Ha thanks for the information. Does this CEO have a history of doing that?
Next move is, CEO will increase the A/S and then dilute this shell to 0.0001, maybe some Pump news will be also released.
ROYE has no employees, ROYE is a pump and dump, no real business!
What's the next move here on $ROYE?
Heeellloooooo? Everybody give up here?
Watching..
Someone trying to keep ROYE down. Hoping for more news coming!!!
Yes, needs some volume...and not a lot. A few takers at the ask and a few bidders to hold'r up will keep this stable. If not today or tomorrow, then it's going to be a battle to stay above .005 until more info on LOI and status.
Let's crack .006 & hold above it today and the chart will look stable for other tech'ers out there.
More news would be nice though.
GL
E
Need more bid support or we go anywhere
$ROYE
Bid whack again...
this is just dumb
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Royal Energy Resources, Inc.
http://royeinc.com/
Please note: Our website is currently being updated. Please check back soon for more info
Jacob Roth, President
Fifteen years of experience as a financial controller with various public companies.From 1973 till 1980 helped to raise funds for oil and gas development stage companies. http://people.forbes.com/profile/jacob-roth/69082
Richard W. Miller, Treasure Resources Inc. - Consultant for Oil and Gas
Petroeulm land man. Worked for Hunt Energy Corporation for 2 years . For a five years period ran title for a mergers and acquisitions group for Exxon Corporation.
http://www.linkedin.com/pub/richard-w-miller/4/8b0/639
Share Structure:
72,713,731 O/S
100M A/S
10M Preferred
http://www.otcmarkets.com/stock/ROYE/company-info
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7607393
Free L2: http://www.otcmarkets.com/stock/ROYE/quote
Financials: http://www.otcmarkets.com/stock/ROYE/financials
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