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DDHOUND' Do you think RYPE could run? It looks like it wouldn't take much to get this one moving. The float here has to be very small. Thanks Jaydubs
i remember TSAS that had a 15-12g and ran from .007 to .55 in 1 day closed at hod should move fast tomo morning wont be suprised if she runs huge
Yeah I'm not too pleased about the Resident Agent resigning.. but it is what it is
SPRA is a more recent 15-12g to see how why they run.
Go back and research other 15-12gs and you will understand why they run. ITNS is a good one to look at it started as 15-12g and people posting saying same thing. You dont have to file to go dark when you are already dark .LOL
lol..well..that's some interesting stuff.
Royalite Petroleum Co., Inc. (RYPE) was an SEC reporting company through March of 2009 then they stopped doing SEC filings over the past 2 1/2 years.
Today at 2:56 pm RYPE filed a Form 15 announcing that it was going dark.
The person that signed the Form 15 was Norris R. Harris who has been the CEO of the RYPE since Royallite Petroleum Co., Inc acquired May Petroleum, Inc's assets in April of 2008.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5850699
RYPE hasn't filed its last 3 annual reports with the Nevada SOS and is now a revoked business entity. The Resident Agent for the entity resigned in August of 2010.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=0nUweR6L4qJ%252fNTsGKOATDQ%253d%253d&nt7=0
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67895326
RYPE caught my attention today so I started to do some digging.
Royalite Petroleum Co., Inc. (RYPE) was an SEC reporting company through March of 2009 then they stopped doing SEC filings over the past 2 1/2 years.
Today at 2:56 pm RYPE filed a Form 15 announcing that it was going dark.
The person that signed the Form 15 was Norris R. Harris who has been the CEO of RYPE since Royallite Petroleum Co., Inc acquired May Petroleum, Inc's assets in April of 2008.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5850699
Apparently a company going dark and choosing to hide material information from its shareholders is good news. Starting at 2:56 pm the stock shot up in price. The truth behind RYPE and Norris Harris might make people think twice about owning RYPE stock.
What is the real story about RYPE and Norris Harris?
RYPE hasn't filed its last 3 annual reports with the Nevada SOS and is now a revoked business entity. The Resident Agent for the entity resigned in August of 2010.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=0nUweR6L4qJ%252fNTsGKOATDQ%253d%253d&nt7=0
OTC has this warning slapped on the RYPE company information page:
Something is very wrong about Norris Harris' name showing up on the Form 15 today.
I decided to investigate further and found some very interesting information:
It appears that Norris Harris whose name appears on the Form 15 filed today for RYPE ran into some pretty serious legal issues in the past which culminated April 28, 2008 with a new court ruling against him. This court ruling probably explains why RYPE stopped doing any filings.
Prior to becoming the CEO of RYPE, Norris Harris was the president of King Resources Inc (KING).
On May 7, 2008 Norris Harris was booted out of office because of a past due court ruling against him.
The court ruling required Norris Harris to return the 50,000,000 shares of RYPE stock he had received for the purchase of May Petroleum, Inc by that company.
All the information can be found in this 8K with an attached court judgment:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5986194
Radler Enterprises, Inc. successfully obtained a judgment against the Company in the amount of $290,000.00 in the District Court of Travis County, Texas on July 23, 2002. That judgment had accrued interest in the amount of $162,082.20 as of February 29, 2008. On April, 28, 2008 the Court entered an Order Granting Plaintiff’s application for Turnover Relief (Exhibit 1) compelling King Resources to turnover assets sufficient to satisfy the judgment.
As a result, on May 12, 2008 King Resources, Inc. (the “Company”) entered into an agreement whereby Norris Harris agreed to assume substantially all of the then outstanding known liabilities of the Company.
In order to prevent the attachment and seizure of the Seismic Data the Company, Mr. Harris, and Radler entered into a Rule 11 Agreement on May 28, 2008. In pertinent part that agreement provided that Mr. Harris would pay to Radler $162,500.00 on or before May 30, 2008 and would make another payment of 162,500.00 on or before July 8, 2008.
On May 6, 2008 Joseph Meuse was appointed to the board of directors as Director, and President of King Recourses, Inc.
Read N through P of the following section of the court document:
Joseph Meuse ended up selling the KING shell and it eventually ended up in the possession of Mina_ar Group
http://www.otcmarkets.com/financialReportViewer?symbol=KING&id=41475
That court judgment is probably the reason why Norris Harris stopped doing filings for RYPE and the shell went dead including the Nevada business entity.
In the last 10Q filed by RYPE and signed by Norris Harris for the period ending January 30, 2009 Norris Harris was fraudulently claiming that property still
Per 3/23/2009 10-Q:
As of March 19, 2009, the Registrant had 100,664,054 shares of common stock outstanding.
Capital Stock (Note 13)
Authorized: 500,000,000 common shares, par value $0.001
100,000,000 preferred shares, par value $0.001
The way it trades float has to be small
I don't think so..I don't think we even have accurate share counts yet.
170 share holders as per the filing, doesn't mention SS.
i think we could see a push over .01 easily, could go much higher if this is a R/M, has anyone confirmed R/M?
Yeah..which explains the loading...by someone or group(s)
Possible R/M could be in the works..but..that's it..unless someone can get the company to offer something besides the usual generic IR responses.
I'm hoping for a little consolidation into the .006's..that would be my entry for a long term hold until things get straightened out
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Commission File Number: 000-26729
Royalite Petroleum Company, Inc.
(Exact name of registrant as specified in its charter)
1200 Nueces Street
Austin, Texas 78701
Telephone (512)478-8900
(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of each class of securities covered by this Form)
N/A
(Titles of all other classes of securities for which a duty to file
reports under section 13(a) or 15(d) remains)
Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:
Rule 12g-4(a)(1)(i) X Rule 12h-3(b)(1)(i) X
Rule 12g-4(a)(1)(ii) Rule 12h-3(b)(1)(ii)
Rule 12g-4(a)(2)(i) Rule 12h-3(b)(2)(i)
Rule 12g-4(a)(2)(ii) Rule 12h-3(b)(2)(ii)
Rule 15d-6
Approximate number of holders of record as of the certification or notice date: 170
Pursuant to the requirements of the Securities Exchange Act of 1934 (Name of registrant as specified in charter) has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.
Date: October 11, 2011 By: /s/ Norris R. Harris
______________________________
Norris R. Harris
Chief Executive Officer
No real dump to speak of. Closed 0.0072 let's see tomorrow.
r/m ... someday .. maybe .. ;)
At least it's cheap(ish)
Have a call in...lets see if they have a merger working
ahhh yes, hmmm, you know what that means.....
Has to be the 15-12G filing.
any idea why?
RYPE IS RUNNING AGAIN!!
$ volume only around $15k so far. First hit was @0.0055.
Same gapping too hard unless someones gonna pump this lol
Agree. I saw the 0.006s go and that was that for me.
Market Value1 $99,464 a/o Oct 10, 2011
Shares Outstanding 99,464,054 a/o Dec 15, 2008
Float Not Available
Authorized Shares Not Available
Par Value 0.001
Was gonna get in but don't wanna chase
Means they are going dark. Often happens if r/m is in play. Although it can take a long time to materialize..
But the market cap is nothing so worth a shot? Already 0.0089 on the ask on some few hundred k hits.
Up big on this news
pumped and dumped
i got burned hard on this one. not for too much money since i am just starting to learn how to trade. ill keep this one on my portfolio as a reminder
Searched Nevada SOS....yesterday there were 3 listings for Royalite Petroleum, 2 dissolved mergers and then one revoked.
Today there is only 1 dissolved merger listed and one revoked.
Doubt this signifies anything but watching of course.
RYPE & May Petroleum:
Looks like Norris Harris effectively merged his 2 companies May Petroleum and Roaylite in April 2008.
What happened to all their leases? land? etc.
Airport Leases
On April 2, 2008, we entered into an agreement with May Petroleum, Inc. (“May”), a Texas company controlled by Norris R. Harris, our Chief
Executive Officer, President, Chairman and Director, to acquire May’s interest in an oil and gas prospect (the “Prospect”) in Matagorda County,
Texas, including obtaining an assignment of a Purchase and Sale Agreement (the “Purchase and Sale Agreement”) to acquire a 70% net revenue
interest in a lease covering approximately 1,500 acres (the “Airport Lease”) and obtaining and reviewing significant geophysical, geological, title
and engineering data (the “Data”) on the Airport Lease and an area of mutual interest (the “Area of Mutual Interest”) covering 30 square miles
surrounding the Airport Lease.
Under the terms of the Agreement, May transferred and assigned to us all its right, title and interest in the Prospect, the Purchase and Sale
Agreement and the Data in consideration of the following:
The Agreement also contemplates that any other property interest acquired in the Area of Mutual Interest shall become part of the Prospect and
subject to the Agreement.
We are responsible for making all payments and completing all acts required under the Purchase and Sale Agreement or any other agreements in
respect of properties comprising the Prospect.
Under the terms of the Airport Lease, we commenced operations to drill on the Airport Lease on August 1, 2008. In addition, we paid an
operation bonus payment of $150,000 to the landowner.
Subsequent to entering into the Agreement, we have acquired additional acreage in and around the Airport Leases. As a result, we have increased
our acreage to approximately 2,764 acres.
West Lake Boudreaux Prospect
In 2008, we acquired a 27.5% working interest (19.8% net revenue interest) in oil and gas leases totaling 192.12 net acres and 698.62 gross acres
in the Westlake Boudreaux Field located in Terrebonne Parish, Louisiana shallow state waters. An initial will is to be drilled to a depth of 13,900
feet to test the Tex. W-1, Tex. W.B, and Tex W-2 sands which are productive in other wells in the field. The commencement of the initial well is
subject to our obtaining substantial financing. Accordingly, we are uncertain as to the date of commencement of the initial well.
S. Rosenburg Prospect
In 2008, we acquired a 26.25% working interest in oil and gas leases totaling 935 acres located in Fort Bend, Texas that we call the “S.
Rosenburg Prospect."
Central Utah Hingeline Project
We have leased 67,025 net acres covering 69,759 gross acres along the four main Hingeline faults located within a five county area of Southern
Utah. Our exploration and development program on this property has been
4
(a) we issued 50,000,000 shares of our common stock to May;
(b) we reimbursed May for the $100,000 deposit it paid under the Purchase and Sale Agreement; and
(c) we paid $900,000 in cash to May.
Under the terms of the Airport Lease, we commenced operations to drill on the Airport Lease on August 1, 2008. In addition, we paid an
operation bonus payment of $150,000 to the landowner.
Subsequent to entering into the Agreement, we have acquired additional acreage in and around the Airport Leases. As a result, we have increased
our acreage to approximately 2,764 acres.
What's going to happen in the morning Toucan, are we going to get a reinstatement letter?
King is supposedly merging with a european led manufacturer. Considering the KING shell is controlled by Mini Me you can be assured that is all BS. They have already added 1.6 billion shares to the OS, Share price hasn't gained much at all with the Cressent merger. Can't see anything here with Rype and KING. Anything to do with Norris Harris will be a fraud for sure. I figured he is long gone from RYPE?
Harris is not Chairman of King Resources. He was a few years ago and that was just another fraud. He bailed out of KING, sold the shell to Belmont Partners who than sold it to Mini Me who is know diluting the heck out of it.
Harris some how went from KING to Rype, gained control and did nothing again. The man is a fraud and a liar. He talks about being a good ole boy from the patch but that was years and years ago. Everything he has done in the last 10 years has been a lie, a fraud and screwed investors.
I am surprised the guy is still alive he is north of 80 and him doing anything related to a legit oil find is very very remote.
KING recently merged with Cressent Energy and are looking for another merger.
...the KING management looks forward to raise shareholder value and grow in its market niche.
In addition to the Cressent Energy merger, the company is confident that a second separate merger candidate is interested in becoming a part of the KING family. The company will advise the public as the negotiations progress.
http://www.otcmarkets.com/stock/KING/news
Again, IF RYPE reinstates.....could they be that candidate?
I guess anything is possible, just seeing what the possibilities are IF they do actually reinstate.
Hmmm, interesting.
DYK? RYPE and KING Resources:
Norris Harris, CEO (at least of last filings) of RYPE is also the Founder and current Chairman of King (KING) Resources?
Probably doesn't mean much or does it? IF RYPE reinstates, could RYPE and KING merge? Just speculation. Of course both RYPE and merge? RYPE and KING are only 100mi apart lol.
Anyways, was just sifting through a bit of info.
http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=684569&ticker=RYPE:US&previousCapId=28815834&previousTitle=ROYALITE%20PETROLEUM%20CO%20INC
i'm going to hold and see what happens.
Many "reinstatements" had nothing for years, like this one, and have gone up hundreds & thousands of %, some are followed by Filings or PRs. Give this one a chance.
Time will tell. I got in so low, I don't have much to risk so I'll ride it out.
Most of these re-instatements work on rumor first even if its been months or years since their last active status and then all of a sudden everyone picks up on it when they actually receive active status/reinstate. I've seen hundreds of these before.
there are 100s of stocks with 100mil o/s. thats what pumpers look for. its easier to buy low, run the stock yourself, wait for the crowd and sell into it. thats what this is looking like. this stock has nothing to show someone or tell them about. thats why the volume stopped.
Looks like a good ratio to me.
not with a 100M O/S
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