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TKGN Sec Suspension:
http://www.sec.gov/litigation/suspensions/2013/34-68728.pdf
ORDER:
http://www.sec.gov/litigation/suspensions/2013/34-68728-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-68729.pdf
If I hear something new about the status of the ongoing process I will inform.
Well at least they did not declare chapter 7, means they go for the value through chapter 11. The question only is, who will give in. I have Tekoil still on the watchlist and if I should hear or see that there is life coming into the company I will react but as I said - I am presently out.
Brain, thanks, info I was loking for,
it looks like someone(s) is buying it a little
at a time for some reason though.
MC
I bought this stock once as I thought they will come out of chapter 11 - did not happen. So I wrote it off - and waived goodbye.
FDJR,
Regarding TKGN,
let me do some searched too,
try and get to know some of the other posters
and maybe get a insight what brought them here
and maybe between us we can get some DD done here,
Thinking of buying a bundle, like the entry price,
just not quite sure yet,
thanks in advance,
MC
Just starting the search on this...
FDJR, I see you are here too looking
at TKGN the same as I,
a Question for you, I see you found some reporting data
back in 2006, have you been able to find anything of substance
since that time, what is that about seven years old,
I'm doing as much DD on this as I can,
if anyone else can help please feel free to do so
and thanks in advance,
MC
FDJR, Anybody????
Just trying to come up to speed,
Did I read where the company had done a Chapter 11?
Am I correct that they do not have a active web page?
I know they are in Southwest Texas, think I may know another poster down there too, I guess I could check with him on it,
believe he's big in O&G so he should be able to help.
Is there anything else anyone could help me with in this stock opportuity as I am trying to make some decisions.
Thanks in advance...
MC
Not yet...waiting to see if they have a active site on the web?
FDJR: I have been clicking on this web site link for a few days now and cannot get it to come up,
have you or anybody else had any luck?
MC
OTC Disclosure & News Service
View:AllActiveInactive
Publish Date
Report Title
Period End Date
Status
Aug 17, 2006 Quarterly Report Jun 30, 2006 Active
May 31, 2006 Quarterly Report Mar 31, 2006 Active
May 5, 2006 Annual Report Dec 31, 2005 Active
Jan 6, 2006 Quarterly Report Sept 30, 2005 Active
Jan 6, 2006 Quarterly Report Jun 30, 2005 Active
Jul 19, 2005 Interim Financial Report Apr 30, 2005 Active
Mar 15, 2005 Supplemental Information - 15c-211 Dec 31, 2004 Active
Results Per Page
Contact Info
25050 I-45 North
Suite 525
The Woodlands, TX 77380
Website: http://www.tekoil.com
Phone: 281-304-6950
Financial Reporting/Disclosure
Reporting Status U.S. Registered & Reporting: SEC Filer
Audited Financials Audited
Latest Report Aug 17, 2006 Quarterly Report
Regulatory Agency Not Available
CIK 0001368154
Fiscal Year End 12/31
OTC Market Tier OTC Pink No Information
Profile Data
SIC - Industry Classification 1389 - Oil and gas field services, misc
Incorporated In: DE, USA
Year of Inc. 2002
Employees 7 a/o Apr 01, 2005
Company Officers
Mark S. Western President, CEO
Frank Clear COO
Gerald Goodman CFO
Eric Ottens EVP
Company Directors
Mark S. Western Chairman
Frank Clear
Richard Creitzman
Gerald Goodman
Company Notes
Formerly=Pexcon, Inc. until 7-05
Formerly=Glow Bench Systems International, Inc. until 12-04
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available
TKGN Security Details
Share Structure
Market Value1 $111,650 a/o May 01, 2012
Shares Outstanding 55,824,955 a/o Aug 15, 2008
Float 711,200 a/o Oct 14, 2005
Authorized Shares 200,000,000 a/o Oct 06, 2005
Par Value No Par Value
Shareholders
Shareholders of Record 289 a/o Apr 18, 2008
Corporate Actions
Ex. Date Record Date Pay Date
Dividend () Oct 13, 2005
Security Notes
Capital Change=shs decreased by 1 for 100 split. Pay date=10/14/2005.
Short Selling Data
Short Interest 0 (-100%)
Jul 15, 2011
Significant Failures to Deliver No
Transfer Agent(s)
Holladay Stock Transfer
1Market Value calculated only for respective security
Trade Free for 60 Days Plus Get up to $500 at E*TRADE Securities
it is bout CDIV........not this
can you pm me your email addy?
I am trying for weeks to get some information from them, but nothing comes out. The way it looks, they are still in the chapter 11 process, however what is not clear, why it takes so long and who is responsible for this.
All this time passed and nothing from the company and nothing on Chapter 11. Anyone know where to find out how the chapter 11 is going, the company is silent. ty
Stingray
No volume but up. Aren,t we close at the time to know, if they come out of chapter 11?
if and when... hopes so man/ we'll be the ones in it first and when no one else wanted it, that usually means big returns...
Gentlemen, the way it looks, not much is going on with ref. to volume, actually dead in the water. I am in at higher levels with an average of approx. 0.05 $ so I am coverend. However, I would agree, if it is true and they come out Chapter 11, the stock will explode.
i have and thanks again! this company had major assets before ch11, so i expect a decent return. plus/ we are buying when no one else is.
I am only letting a few people know what I heard...now that I have about all the shares I can handle, I may let other not-so-close friends in on it...spread the word so we can get some volume on this dang thing...would rather see friends make money than all the insiders buying it all up before the news!
thanks man! i got the same info from one of my friends but they said they might not release the info to the public...idk, could be hear say/ i mean why would you want to release that information...hope it works out man! gl to you!
Well that makes two of us buying....rumor still floats that secured the financing....and that is what I have heard as well....patience....anything under 0.10 will be great when that news hits as will be 0.50+ pretty easy....emailed the CEO yesterday so will let you know what I find out, if anything....may try to call today if I get a break from work.
same old info out there, they're getting the funding and coming out of ch11...im buying when no else is...
Is anybody out here with some information for an update?
lol.....well only time will tell how far the rumor train remains factual.....in any case, on that news this flies to the half dollar range IMO
A friend of a friend of a friend, what about Phoebe. maybe she knows?
word is they got the funding to get out of Chapter 11....news due SOON, possibly this week...cannot confirm with facts, but that is the rumor I heard...disclosure is I am not in, but have friends of friends who heard it from friends, so hopefully for you guys that source is trustworthy!
well i am another day late to the party but i sure notice the same thing today..
someone has been picking some shares up..
I noticed the bid creeping up late in the day.
almost like it was getting ready to pop.
speculating is worth the risk knowing it will eventually be out of bankruptcy soon.
Beats any bank I can think of.
All what I do know is, around middle of May, the verdict should come out, not as I wrote today latest in August. So, if they come out of chapter 11, it is a non brainer the value of the stock will have to be substantially higher. How much? If I would know I would take measures to profit from it, so as afterwards I could retire. So, I am not smarter than anybody else, but based on the old filings and comparing this with other companies that went through such kind of a process, I would guess, that the value of the stock could be around $ 0.30 - 0.60, under the assumption, that the sharescount remains the same. At least, this is my opinion.
up 46% today whats going on??
Rather quiet at the front, but during the next couple of weeks, at least going into August, the facts should be on the table. At least an attractive bet, that they come out of chapter 11, would bring them all more than chapter 7, that is for sure.
i called the T/A they said there was 54,824,955 shares outstanding
Well, this is rather obvious. But does somebody have any fundamental groundwork, from which we can start to put a value on it. $ 0.50 up to $ $ 1.-- all is possible, but this is purely guesswork from my part based on the old filings and under the assumption, the sharescount remains the same. Be as it may, coming out of chapter 11 alone will attract plenty of attention. Another point is, what value will the market attach to their reserves?
Alot more then it is now.
In Re:
Tekoil & Gas Corporation Case Nr. 08-80270
Tekoil and Gas Gulf Coast, LLC Case Nr. 08-80405
Filed 03.24.2010 Entered 03.25.2010 US Bankruptcy Court, Southern District of Texas.
They will come out of bankruptcy around August 10-15.2010. They filed Case 08-80270 Document 571 Filed In TXSB on 03.24.2010. Titel: Findings of fact, conclusions of Law and order confirming third amended joint plan of reorganisation.
Anybody outthere with an opinion, what this could do to the valuation of the stock?
TKGN tanking again maybe you'll get a chance for cheaps
Damn missed that, nice move yesterday!
We will soon find out if they come out of Chapter 11. If so, the stock will fly. Risk-Reward Ratio is very favourable therefore, 100% on the downside, on the upside ........
A recent update would be helpful..
I would of been happy to of bought on Friday...
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