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Turner Valley Oil & Gas, Inc. (TVOG)

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Last Post: 10/20/2018 1:36:44 PM - Followers: 149 - Board type: Free - Posts Today: 0



 
 

 

$TVOG

 

Turner Valley Oil & Gas, Inc. 

 

 

 

 

   
32709 Sul Ross, Houston, Texas 77098
(713) 588-9453

Stephen C. Helm President / CEO
Investor Relations - Matt Kochendorfer Matt@TurnerVentureGroup.com


Social Media Links

        

 
Share Structure Per TA 5-24-18

Authorized 500,000,000

Outstanding
128,241,331

Float : 89,952,918  



 



 



Company News


Turner Announces First Management Addition Concentrated in Blockchain


Press Release | 05/18/2018

 

 

 




Turner Releases a Letter to Shareholders From CEO Steve Helm


April 10, 2018
 

As we move forward in 2018, I would personally like to thank shareholders, our employees, and their families for their continued patience as we near completion of the objectives that we have been working so hard to achieve the past three years. Without your loyalty and perseverance we would certainly not be where we are today, and that is on the precipice of finally moving our company forward to become a substantial player within the bitumen and infrastructure markets.

We are very happy today, now more than ever, to report on the progress that has been made in achieving our first set of objectives in building our new company. The infrastructure assets that we are acquiring will be the stepping stones to what we believe will be a fully reporting, senior listed company. While we wait for official press releases and filings giving the exact details of everything that is happening, I can give some updates on key items.


SEC ANALYST ASSIGNED
 

The Company successfully filed its Form 10 with the SEC on January 18, 2018. Shortly thereafter, the SEC appointed an analyst whose responsibility is to review and request edits or supplemental information to the Form 10. This is typical after a registration statement is filed and as a result the Company is pleased to announce significant progress has been made in conjunction with its sponsor investment bank, Network 1 Securities (“Network 1”) and auditors Briggs & Veselka Co. Since this time, the SEC has returned the first comment letter with a number of revisions, edits, etc. As of April 9th, the Company has withdrew its first version of the Form 10 as instructed by the SEC providing a form letter to indicate this next step. Now the Company will resubmit the Form 10 to reflect the comments as well as include audited year end 2017 financials.

“I have worked closely with the SEC throughout this process and am eager to complete the resubmission as prescribed by the SEC’s procedures of the Form 10. Going through this process is a critical next step to advancing the Company. Meanwhile management continues to work closely on the final closing conditions of the transaction irrespective of the Form 10 process,” stated Rick Adams, CFO.

 


APPOINTMENT OF NEW MANAGEMENT
 

Current management is positioning the Company to expand its upper executive management team with seasoned experts that come with decades of experience within the shipping and bitumen supply chain sectors. New management has indicated that this is an unprecedented time to be able to focus on integration of these sectors while shipping remains at decade lows and bitumen related crude oil prices hold at historical lows as well. As part of this executive team the Company intends to form several committees to focus on acquisitions, business development, and technology deployment such as blockchain into the shipping and supply chain model. To this end, the Company is currently nearing the appointment of a well respected blockchain advisor. We believe this addition will give TVOG a distinct advantage in the bitumen shipping markets over its competitors.


APPOINTMENT OF NEW BOARD OF DIRECTORS
 

Currently as Chairman, I am eager to introduce my new co-Board of Director members and put in motion this expanded business model that we have all been patiently waiting for. It is my belief that by adding this level of expertise to the Board, not only do we improve our ability to up-list to a senior exchange and attract Wall Street investors to TVOG, but also to formulate a team dynamic focused on bolt-on acquisition and improving the development of new business. This incoming Board will be the lifeblood of our Company, We are looking forward to make new Board announcements shortly.

With the financial backing and business guidance provided by Network 1 Financial, we have been able to take what the condition the Company was in, to soon become an exciting and disruptive company. The initial $25 Million investment plan procured by Network 1 via a Family Office in Dubai has allowed us to initiate the purchase of the first 2 vessels, initiate talks to acquire more Bitumen Shipping Vessels, and begin the process of acquiring other infrastructure assets.

Now that those initial parameters of the deal are in place, for the rest of 2018 we can start to look forward to seeing what exactly this infrastructure deal is really all about. The nuts and bolts of the deal so to speak. This is what I am truly excited about sharing with all of you in the near term.


https://primestarbitumen.com/turner-releases-a-letter-to-shareholders-from-ceo-steve-helm/

 





Turner Completes Form 10 Submission To SEC Obtaining Registered Reporting Status


Press Release | 02/28/2018

 

Turner Valley Oil and Gas, Inc. (the "Company") (OTC:TVOG), pending name change to PrimeStar Bitumen, Inc., is pleased to announce that the Company has completed audit of financials for past 3 years and submitted Form 10 to the SEC obtaining Registered Reporting Status preparing for final transfer of Bitumen Supply Chain assets and appointment of new board of directors.

"We are very pleased to see the Company finalize this critical step to meeting the closing conditions of the Purchase And Sale Agreement previously executed with the Dubai Family Office and associated Preferred Stock Offering. Vessel assets and capital under the Agreements can now move to be transferred and escrow released," said Adam Pashok, Investment Banker, Network 1 Securities, Inc.

Finishing the audit and Form 10 will immediately allow the Company to submit application to uplist to the OTCQB, and will make for a much smoother transition for when the company uplists to a higher exchange in the near future. The Form 10 Registration Statement is a registration statement used to register a class of securities pursuant to Section 12(g) of the Securities Exchange Act of 1934 ("Exchange Act").  Although the company has been voluntarily submitting many of the necessary documents for over a year while under no obligation to do so, the company will now be subject to the reporting requirements of the Exchange Act. That is, PrimeStar must file annual reports on Form 10-K, quarterly reports on Form 10-Q, and periodic reports on Form 8-K. In addition, the Company will be subject to the proxy rules in Section 14 of the Exchange Act, and ownership rules and reporting requirements in Sections 13 and 16 of the Exchange Act.

"While the company audit and Form 10 registration took longer than anticipated, we feel it will have been worth the wait as it gives PrimeStar total transparency in the eyes of the investment community," stated Rick Adams, CFO. "This will allow the company a greater investor reach as it continues the uplist process to the NASDAQ or NYSE."

As previously announced on November 27th, the Company has been approved for submission to the NASDAQ reporting system. As a result and from this point forward, the required 8k, 10K, Form 10, and related disclosures will be submitted using this method. Already, the Company has successfully submitted its 8K and Transaction Closing disclosure announcement.
 

https://www.otcmarkets.com/stock/TVOG/news/Turner-Completes-Form-10-Submission-To-SEC-Obtaining-Registered-Reporting-Status?id=184678


 





Turner Submits Completed Form 10 With Audited Financials For Review; Filing Pending


January 18, 2018

 

HOUSTON, Texas – January 18, 2018 – Website Announcement – Turner Valley Oil and Gas, Inc. (the “Company”) (OTC: TVOG), pending name change to PrimeStar Bitumen, Inc., is pleased to announce that the Company has submitted final draft of Form 10 with audited financials to auditor for review.

As of this week, CFO Rick Adams confirmed the auditor has been paid for their review and it is expected to get an auditor approved version of the Form 10 shortly, for submission to the NASDAQ SEC Filing system. Upon submission the Company becomes a fully audited, SEC reporting Company and will qualify for the OTCQB standards. Following this step, the Company will complete the appointment of the new Board of Directors, release vessel details and shipping contract (s) highlights.

As previously announced on November 27th, the Company has been approved for submission to the NASDAQ reporting system. As a result and from this point forward, the required 8k, 10K, Form 10, and related disclosures will be submitted using this method. Already, the Company has successfully submitted its 8K and Transaction Closing disclosure announcement.
 

NASDAQ Material Disclosure Link: http://www.nasdaq.com/symbol/tvog/press-releases

NASDAQ Insider Disclosures Link: http://www.nasdaq.com/symbol/tvog/insider-trades

Transaction Closing 8K Link:           https://www.otcmarkets.com/edgar/GetFilingHtml? FilingID=12422095


 




 

The newly expanded Company will focus on all segments of the bitumen industry, including real assets, energy, infrastructure, and the supply chain. Turner has agreed to amend its previous name change plans to reflect the new business model moving forward. As a result, a proposed name change for shareholder approval to PrimeStar Bitumen, Inc is forthcoming. A ticker symbol change will also initiate once the name change is approved by FINRA.


Management
 

Upon completion of the transfer of committed assets and capital, Turner expects to expand its Board of Directors by appointing several new members in addition to current board member and Turner CEO, Steve Helm. Furthermore, new management, with decades of shipping experience, are expected to join the Board Of Directors. Included in this transition will be a new CEO, administration, and the current Chairman of the family office will take on the same title at the new company.

“I am very pleased to see several quarters of hard work come to a successful fruition and I am excited to support the transition of the Company by expanding the management team and executing the extended business model,” stated CEO Steve Helm.

 

Mergers & Acquisitions
 

In a prior announcement on August 10th, 2017 Turner outlined its acquisition plans over the next Two (2) years, which includes a plan to integrate into the supply chain by utilizing a build & bolt-on model within the real assets, energy, infrastructure, bitumen, and asphalt segments. Steps are already underway and more details will be issued in coming press releases.

 

Pro-forma Projections
 

In a prior announcement on June 8th, 2017, Turner released expectations to fully operate an initial fleet of five (5) Bitumen tanker vessels once acquired. Further expansion is planned once the initial fleet is acquired, which could result in adjustment the Company’s prior initial guidance. Details are forthcoming.

 

Closing Conditions
 

Following this initial closing announcement, subsequent events will include Turner filing a Form 10, which includes 10 K and 8 K filings with the SEC. This will meet all registered and fully reporting standards and a result, Turner will meet the qualifications needed for it to be an OTCQB, fully filing company. These are important steps, that in addition to Tuner’s recent Nasdaq system registration, will aid in Turner’s plan to uplist to a higher exchange. In addition, closing conditions include transfer of shipping vessels, release of escrowed funds, appointment of a new Board of directors and management, name change, and an updated corporate website.



http://bitumentankers.com/2017/12/06/turner-announces-completion-of-bitumen-shipping-acquisition-placement-agreement/

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12422095



 





Turner Obtains NASDAQ System Approvals: Cleared For Public Disclosures


November 27, 2017

 

HOUSTON, Texas – November 27, 2017 – Website Announcement – Turner Valley Oil and Gas, Inc. (the “Company”) (OTC: TVOG), pending name change to reflect acquisition, is pleased to announce that the Company has been diligently advancing next steps to submit necessary filings, public disclosures and news distribution with NASDAQ. It is pleased to confirm that the required status has been obtained for submission to the NASDAQ system.

The NASDAQ system is the first step to submitting filings; 8K, 10K, Form 10 and related disclosures as previously detailed in the prior site announcement on November 20, 2017. Now with NASDAQ system approved, Turner can now meet disclosure requirements mandated by regulatory agencies, by submitting each item, in order to complete first; the minimum OTCQB status and then next steps to meet the NASDAQ listing requirements. The Company is now completing the disclosure filing first then the press announcement will follow.

“This is an exciting step as we transition Turner to becoming an international bitumen and asphalt supply chain company. Management and its banking partner are pleased to establish this relationship with NASDAQ and continue to improve Turner’s status as a fully transparent company, stated CEO Steve Helm.

NASDAQ is a trusted market leader and has built a financial community of world-renowned industry innovators and visionaries – Apple, Facebook, Amazon, Amgen, Virtu, Starbucks, eBay and Alphabet. This community of companies also includes $1 Trillion in market value transfers since 2005.






https://bitumentankers.com/2017/11/27/turner-obtains-nasdaq-system-approvals-cleared-public-disclosures/



 







 






 





Turner Initiates Audits To Close Acquisitions And Uplist To OTCQB With Engagement Of Firm Briggs & Veselka Co. $TVOG


Feb. 15, 2017

 

HOUSTON, Feb. 15, 2017 /Website Release/ — Turner Valley Oil and Gas, Inc. (the “Company”) (OTC:TVOG), pending name change to Turner Venture Group, Inc., is pleased to announce it has engaged the independent auditing firm Briggs & Veselka Co. as its new certifying accountant, effective immediately as per Turner’s SEC Filing 8K yesterday.

Turner reached its decision to engage Briggs & Veselka Co. after a thorough evaluation by the Company’s Advisory Board and with the concurrence of the Company’s Chief Executive Officer. This is a critical next step to completing the acquisition that is already being structured with Turner’s investment banking partner soon to be released in subsequent announcements. Briggs & Veselka Co. will audit the Company’s financial statements for the past two years, an ongoing basis, and support completion of required SEC filings necessary for uplist to the OTCQB marketplace tier.

Steve Helm, CEO commented; “Turner looks forward to a long and mutually beneficial relationship with Briggs & Veselka which has a solid reputation for assisting in the development of strong public companies.” Mr. Helm further commented; “Briggs & Veselka Co. is located in close proximity to Turner Venture Group’s corporate headquarters which should help streamline communication and timely completion of required audits.”

The Company reiterates the guidance previously provided in its press release issued January 18, 2017 that it fully expects to make acquisition announcements in the very near future. The Company has executed its plan through initiating necessary SEC filings, and now is working aggressively to produce results and complete the first acquisition as planned. Updates will be announced to shareholders as they become available.

About Briggs & Veselka Co.

Briggs & Veselka Co. (http://bvccpa.com/) is a full service CPA firm offering tax, audit, business valuations, and various financial consulting services. Briggs & Veselka is one of the ten (10) largest public accounting firms in Houston. The firm has been recognized with many awards, such as Accounting Today’s Best Accounting Firms to Work for in 2008, Houston Business Journal’s Best Places to Work in 2007, 2008, 2009 & 2011, and 2013 as well as, the Houston Chronicle’s Top Work Places in 2010, 2011 and 2012. Briggs & Veselka has doubled in size over the past 3 years and continues to attract the top talent in the marketplace by offering individuals work/life balance in their career.

 

https://bitumentankers.com/2017/02/15/turner-initiates-audits-to-close-acquisitions-and-uplist-to-otcqb-with-engagement-of-firm-briggs-veselka-co-tvog/


 




List of Turner’s Key Accomplishments to Date




Next Steps

 

 

 

             

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TVOG News: Turner Announces Completion of Acquisition Agreement with US-Based Asphalt Services and Supply Chain Company (Current EBITDA... 08/20/2018 09:00:00 AM
TVOG News: Current Report Filing (8-k) 08/17/2018 03:48:51 PM
TVOG News: Turner Appoints Patrick Devereaux To Blockchain Management Team 05/29/2018 09:30:00 AM
TVOG News: Current Report Filing (8-k) 05/25/2018 05:11:56 PM
TVOG News: Amended Current Report Filing (8-k/a) 05/18/2018 09:55:14 AM
PlusOneCoin Top Posts
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PostSubject
#9565  Sticky Note Turner Announces Completion of Acquisition Agreement with US-Based NephewRR 08/17/18 03:54:15 PM
#9124  Sticky Note New PR out on the PrimeStar Bitumen Inc website. SunshineSmiles 07/06/18 08:02:23 PM
#3262  Sticky Note Important links for TVOG related info. Threeflight 06/08/17 01:36:32 PM
#10356   On that Note, I've been 2nd guessing myself Bennie and The Jets 10/20/18 01:36:44 PM
#10355   I agree man, fortune favors the brave... floridaboy 10/19/18 06:09:58 AM
#10354   Roger that, hence we wait... floridaboy 10/19/18 05:15:25 AM
#10353   Sometimes negotiating after audit is harder littlejohn 10/19/18 01:19:24 AM
#10352   Something is buying this. Threeflight 10/18/18 06:53:37 PM
#10351   Keeping the faith man... floridaboy 10/18/18 04:16:28 PM
#10350   Helm may get his Trumpy Bear repoed... littlejohn 10/18/18 04:08:38 PM
#10349   Both will happen, or CEO is done... floridaboy 10/18/18 02:36:47 PM
#10348   Hope you're right but let Canada trade-ban be Grumps17 10/18/18 02:35:49 PM
#10347   A lot of buying in this range, closed floridaboy 10/18/18 02:24:07 PM
#10346   At least we know Canadians aren't dumping, because Grumps17 10/18/18 02:20:35 PM
#10345   Impatient keep leaving TVOG, understandable... floridaboy 10/18/18 05:47:25 AM
#10344   LJ Probably. Bennie and The Jets 10/17/18 09:24:28 PM
#10343   ...one...higher than visible funding seen...LJ littlejohn 10/17/18 02:40:36 PM
#10342   No, too much auditing Bennie and The Jets 10/17/18 09:16:52 AM
#10341   Hope TVOG didn't pick this for first littlejohn 10/17/18 01:09:07 AM
#10340   TVOG is non reporting in Canada now so SunshineSmiles 10/16/18 10:15:41 PM
#10339   "Nothing of significance was shared, he seemed quite loanranger 10/16/18 06:31:28 PM
#10338   You Think? Bennie and The Jets 10/16/18 02:21:11 PM
#10337   That's right, they DELIVER Grumps17 10/16/18 01:40:19 PM
#10336   That's right, they DELIVER Bennie and The Jets 10/16/18 01:24:02 PM
#10335   Try WENDY'S .... LOL Grumps17 10/16/18 01:01:39 PM
#10334   Where"s the Beef Bennie and The Jets 10/16/18 12:19:01 PM
#10333   TVOG only showed 3 employees on update littlejohn 10/16/18 01:38:52 AM
#10332   Cleaning crew staff can be trained littlejohn 10/15/18 11:47:59 PM
#10331   C'mon Steve, what'ya say... floridaboy 10/15/18 08:08:46 PM
#10330   For first time ever for me, somebody actually Running Wild 10/15/18 02:36:39 PM
#10329   TVOG debt showed soaring in 3rd quarter littlejohn 10/15/18 02:32:07 PM
#10328   I do not remember reading retirement of debt SunshineSmiles 10/15/18 01:52:43 PM
#10327   Why is Kulwant Sandhers name still on TVOG SunshineSmiles 10/15/18 12:30:08 PM
#10326   That is what I am banking on. TVOG SunshineSmiles 10/15/18 11:45:27 AM
#10325   Oh lord wtf going on with tvog down 13mw 10/15/18 10:04:28 AM
#10324   use tweet link on otc profile page littlejohn 10/15/18 02:38:31 AM
#10323   good thing, some folks aren't clock watchers... littlejohn 10/14/18 07:42:46 PM
#10322   TVOG CEO Website: http://bitumentankers.com/ SunshineSmiles 10/14/18 02:37:43 PM
#10321   Can u post a link for it. Can’t 13mw 10/14/18 02:25:33 PM
#10320   Anyone see the retirement of debt posted on SunshineSmiles 10/14/18 11:56:30 AM
#10319   that is why they drink their corn littlejohn 10/14/18 01:47:17 AM
#10318   I feel sorry for any IR Firm that SunshineSmiles 10/13/18 11:57:50 PM
#10317   $TVOG making pinkyland great again. love your neighbor 10/13/18 11:59:31 AM
#10316   Just doing an IHUB ticker symbol drive by SunshineSmiles 10/13/18 10:40:19 AM
#10315   Hope all in the panhandle are safe . Kid-Gloves 10/12/18 10:30:24 AM
#10314   Darkest before the dawn? Fortune favors the brave? floridaboy 10/12/18 05:58:04 AM
#10313   cheap bids...Your odds look good... littlejohn 10/12/18 01:30:12 AM
#10312   (//) details pending...................... littlejohn 10/11/18 10:30:38 PM
#10311   I like todays buy/sell L2 action. I did SunshineSmiles 10/11/18 08:26:16 PM
#10310   Trading like somebody out of patience... floridaboy 10/11/18 12:46:42 PM
#10309   Trading like another deal fell through.Would not be surprised. pennylover 10/11/18 10:48:41 AM
#10308   ( / ) delay misery index about littlejohn 10/10/18 11:43:00 PM
#10307   TVOG one step closer to nowhere. SunshineSmiles 10/10/18 10:06:25 PM
PostSubject