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anybody want my 0.0002's im sellin dim half price
wat do u think will they pump it to 0.0003? or is it hopeless? imho r.s was suppossed to happen last month but nothing yet! i reget buying 0.0002's half yr ago o well live and learn!
Then again,maybe not lol :)
Lol maybe .0003,but i bet they clear any 1's that show up again in the morning.
maybe they are gonna uplist to nyse lol
lol ya i wanna see a pump and dump lets run to 0.03 lol
There go more 1's,whatever comes on the ask is being taken out.
Looking at the trading pattern lately suggests a pump is on the way.The 1's have been taken out consistently.As for the r/s,mmgp filed for one last year and has yet to do it but the shares ran from bidless to .0008 recently,so call me stupid but i will hold on here :) lol
Because they are POS! JMO
this company is pathetic y dont they just do the 5000-1 RS already instead of dilution! pathetic
I have no idea, but you would think so.
I see that. I also have to wonder how this can be legal?????
A stock that has No bid can just issue/print shares then dump on the public market seems to need some kind of regulation.
Maybe I should start i shell company, and do the same thing... I can create as much revenue as I want by simply issuing Billions of shares and dumping them on the public market. As long as i follow the rules there should be no problem.
Is there a law stating I cannot do this?
I can believe almost anything when it come s to this stock. Way back when this was a company with a good product and many forward looking agreements. Now it's got new owners, it's a totally different company with a different purpose and direction; the only thing they have in common is share delusion and no profits to share.
THE DUMPING CONTINUES!!!!... Can you believe this is legal?????
Unbelievable!!!
More dilution! The latest share structure information. Outstanding as of July 10, 2009, 627,589,889 shares, par value $.001 are issued an outstanding. The I-Box has been updated.
The current A/S is 10,000,000,000 and will not change after the 5000:1 reverse.
lol! i suppose so, huge run in ppr soon lmao
From the Pink Sheets. Read the PRE 14C filing. Who cares what or when their last reverse was; this is coming soon and it will be 5000:1 by that scumbag SW. Remember you were warned about this POS.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=vlrn
sweetblackcrude, is that right last r/s was 1997 on pinksheets.com???? it cant be right lol
no choice here but to hold my useless shares, no ones gonna buy em lol
k according to pinksheets.com is that right the last R/s was 1997????????
or am i on glue lol!!!!
but im thinking might as well hold on to shares y sell them no ones buyin them lol, o well wat u think?
I also smell a huge run this month. Too bad it is going to be south!
Yup....just so he can find new suckers to buy the toxic paper he puts on the street every week to keep the company revenues for his own lifestyle. It obviously was getting hard to keep the buyers coming for stock at .0001 so now it will theoretically be $.50 but will be down again 90% in a matter of days from this reverse.
Real nice...the stock we bought at $.01 now only will have to hit $50.00 a share for me to break even.
And you more recent victims that have bought this really cheap stock at $.0001 will have to sell at $.50 to break even....you don't stand a chance either!!!! Who in their right mind will buy any volume of this crap for $.50 with Sheridans record???
What Sheridan is doing, should be CRIMINAL...BUT....we have no one enforcing unethical NON DILUTION POSITION OF DICTATORIAL CEO'S LIKE SHERIDAN....YOU ARE RIGHT...
HE IS A SCUM BAG!!!
PRE 14C ISSUED TODAY (5000:1 REVERSE!) SW is a lying POS SCUMBAG!
RECOMMENDATION OF THE BOARD OF DIRECTORS
REVERSE STOCK SPLIT
The Board of Directors of the Company (the "Board") believes that the stockholders of the Company will benefit from the Reverse Stock Split because it will raise the initial market value of our stock and attract potential investment from outside investors. In order to facilitate such transaction, the Board has determined that the capitalization structure of the Company should be simplified. No assurances can be given that such investors will be found.
Accordingly, it was the Board's opinion that the restructuring transactions described above would better position the Company to attract potential business candidates and provide the stockholders of the Company with the greatest potential return. The Board approved the Reverse Stock Split on July 10, 2009 and stockholders holding a voting majority of the outstanding voting capital stock of the Company approved the Reverse Stock Split on July 10, 2009.
APPROVAL OF 2009 STOCK OPTION PLAN
The Board of Directors believes that the 2009 Stock Option Plan will advance the interests of the Company by encouraging and providing for the acquisition of an equity interest in the success of the Company by employees, officers, directors and consultants, and by providing additional incentives and motivation toward superior Company performance. The Board believes it will also enable the Company to attract and retain the services of key employees, officers, directors and consultants, and by providing additional incentives and motivation toward superior Company performance. The Board believes it also will enable the Company to attract and retain the services of key employees, officers, directors and consultants upon whose judgment, interest and special effort the successful conduct of its operations is largely dependent.
The Board approved the 2009 Stock Option Plan on July 10, 2009 and stockholders holding a voting majority of the outstanding voting capital stock of the Company approved the 2009 Stock Option Plan on July 10, 2009.
ACTIONS TO BE TAKEN
This Information Statement contains a brief summary of the material aspects of the actions approved by the Board and the holders of the majority of the outstanding voting capital stock of the Company.
1) DECREASE THE NUMBER OF ISSUED AND OUTSTANDING SHARES OF OUR COMMON STOCK
GENERAL
The Board approved a resolution to effect a 5000-for-one reverse stock split. Under this reverse stock split each 5000 shares of our Common Stock will be converted automatically into one share of Common Stock. To avoid the issuance of fractional shares of Common Stock, the Company will issue an additional share to all holders of fractional shares. The effective date of the reverse stock split will be on or about August 17, 2009.
It is not dumping, it is Sheridan's planned constant DILUTION of stock at a 75% DISCOUNT TO THE LOWEST PRICE PRINTED AT ANY TIME IN THE LAST 30 DAYS, WHICH WILL ALWAYS BE AT $.0001 AND HE IS GIVING STOCK TO THE TOXIC DEBT HOLDER AT $.000025 WHICH REDUCES OUR DEBT BY A WHOLE $250 PER MILLION SHARES HE GIVES THEM!!!!
THIS DOES NOT EVEN COVER THE INTEREST WE OWE, SO EVEN DILUTING US AT THAT RATE, OUR DEBT IS GROWING!!!!!!
THE STOCKHOLDERS HAVE NO CHANCE IN HELL TO SURVIVE!!!
AND SHERIDAN DOES NOT CARE ONE BIT!!!!!!
HE IS NOT DILUTING HIMSELF ONE BIT!!!
What else would you expect from that scumbag SW?
looks like more and more dumping UNREAL
huge news valor energy updates website in may lmao
lol that was rhetorical (spellings off)
You can't. Sheridan is not accountable to anyone. He does not have shareholder meetings. And while he DILUTES THE SNOT out of the shareholders, he does not dilute himself one BIT!!!
He is a DICTATOR IN TOTAL CONTROL OF THIS SHELL and do not expect anything to ever change!!!
Clueless and trusting gamblers in the PINK SHEET land will continue to buy this stock and support Sheridans lifestyle of not working and living off innocent investors.
This is what is wrong with allowing one man, non accountable, public corporations to exist. They are set up to bilk hopeful trusting investors....and Sheridan understands this oh too well.....
You will not find a single honest supporter of Sheridan that owns this stock....
your right, but how do we fix the problem?
This company needs a new CEO. Sheridan is just here to line his pockets and does not do a thing...HE IS A JOKE AND A SCAMMER!
maybe this company needs a huge multibillion dollar government bailout O.o lmfao
Weather this company goes belly up or has a miracle and it runs, it better do something soon!!!! wat a boring stock like go belly up lol or do something
lets see a pr already
Sounds like you have been talking with SW...maybe you have not learned from the others on this board that have already experienced talking with SW...when his lips move, that is the sign he is lying.
If you can not find a better stock to pump, you are a very sad soul my friend. The CEO dilutes massively every single month, BECAUSE HE DOES NOT OWN COMMON STOCK IN HIS OWN COMPANY AN DOES NOT DILUTE HIMSELF AT ALL!!!!!
WHY IS HE THE CEO????
HE IS JUST RIPPING OFF ALL THE NEW INVESTORS, AND IF YOU DO BUY THIS STOCK WITH THE INFO ON SW THAT IS HERE, YOU DESERVE TO LOSE ALL YOUR MONEY!!!
Thanks for Keeping It Real.
I smell BS and the ponly thig that will be running is more BS from that lying, spineless, POS scumbag cockroach SW. He has already ruined all the origional shareholders. At $0.001, I'm still down 90% from that lying scumbag.
From the 10Q/A:
Going Concern
The Company has experienced recurring losses, has a working capital deficiency of $12,351,615 and an accumulated deficit of $17,949,696 as of February 28, 2009. The Company’s current investments are limited to its investments in certain natural gas producing properties in Texas. Future realization of the Company’s investments will depend upon obtaining debt and/or equity financing to allow for the development of oil and gas properties, of which there can be no assurance. Over the next twelve months, management is confident that sufficient working capital will be obtained from a combination of revenue and external financing to meet the Company's liabilities and commitments as they become payable. The Company has in the past successfully relied on private
placements of common stock, loans from private investors, sale of assets and the exercise of common stock warrants, in order to sustain operations. The Company increased the total number of authorized shares to provide for the conversion of debentures for equity, use equity positions as incentive for attracting professionals, payment of professionals, sell additional shares for cash and potentially use equity as payment for mergers and acquisitions. There can be no assurance that management’s plans will be successful. Failure to obtain sufficient working capital from external financing will cause the Company to curtail its operations.
Accordingly, the consolidated financial statements are accounted for as if the Company is a going concern and do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities or other adjustments that might be necessary should the Company be unable to continue as a going concern.
The Company has a substantial amount of debt in the form of convertible debentures. Since our increase in our authorized shares in March of 2008, we have been able to execute conversions of debt for common shares in accord with the terms of our notes. Making these conversions has allowed us to avoid being defaulted on these notes, an action which would likely result in the note holders seeking relief by exercising their first priority interest in the Company’s assets, and, in all likelihood, resulting in the discontinuation of our operations. In making these conversions however, the volume of stock in our market has placed downward pressure on the market price of our stock. Since the reduction of our debt upon each conversion is based on a discount to the market price of the stock and the stock price has been low, the interest on the notes has been greater than the amount of debt relinquishment we have experience on the conversions. Since the Company does not have sufficient cash to pay these notes and the debt continues to grow, our ability to use equity to make acquisitions and raise capital has been restricted. The convertible debt also contains freestanding embedded derivatives which result in the recording of derivative liabilities on the Company’s balance sheet that significantly exceed our ability to pay with cash. Because these derivative liabilities are calculated on a quarterly basis and based on the market price of the Company’s stock, our financial condition and results of operations are subject to high volatility.
We are currently focused on identifying the options available to us that would allow us to continue to expand and grow operations and service our debt. By solving the issues surrounding our debt we believe that this will enhance our ability to use equity positions as incentive for attracting and paying professionals, as well as sell additional shares for cash to help us execute and finance our business plan. Though no plans exist at this time, we may in the future use equity as payment for mergers and acquisitions. Such issuances of additional Company stock will have a dilutive effect on common stock holders.
THE ONLY THING I SMELL IS A R/S!
I SMELL A PRESS RELEASE AND A HUGE RUN THIS MONTH LOL
lol! we will be @ 0.001 before u know it buddy lol hang in there
News? SW is a bold face lying POS so even if there was news I would not believe one word he has to say!
Your words are way too kind for that lying, spineless POS, scumbag, cockroach!
thats not so so bad lol. just give us some news valor f in energy
So what did we get for the 450 million shares that have been issued in the last year??? Besides 80% dilution and a 95% loss in market value of our stock???
Sheridan, do us all a favor and RESIGN!!!!!
THE FACTS ARE IN, YOU ARE WORTHLESS!!!!
YOU ARE A SCAMMER!!!!
YOU ARE SO SAD YOU DO NOT EVEN OWN STOCK, YET YOU DESTROY US!!!!
The 10Q/A was issued June 25, 2009
The Outstanding as of June 17, 2009, 545,924,289 shares, par value $.001
wat a great company lol jk! hey at least were holding 2's well for now anyways lmao
Did you really expect anything less???
Why spend even a NICKEL on financials or reporting or any SEC filings when all you are doing is running a scam in a NON regulated market?
Sheridan is the only person associated with this company, that does not get DILUTED ONE BIT, as he destroys all the shareholders with rampant dilution...why would anyone think he cares, when his DICTATORIAL OWNERSHIP IS NOT CONNECTED TO COMMON STOCK OWNERSHIP. He does not dilute himself one infantisimal degree...just all the (now stupid) shareholders that believed the lies he fed to us.
Sheridan would never, EVER face the shareholders in a Shareholder Meeting!!!! and the SEC will probably NEVER DO ANYTHING TO SHUT HIM DOWN....they can not even figure out that Madoff did not work alone....and that was the 20 year Scam of the Century....
SEC IS TOTALLY LAME AND ABSOLUTELY WORTHLESS....AND THE SCAMMERS KNOW THIS....
hahaha wat u mean man huge reveune with this comnpany lol just kidding. green today at least
If you look, you will notice that the only news this LAME CEO has issued in the last 2 YEARS is a JOKE of a website and a name change!!!!!
This CEO only issues hundreds of millions of shares of stock to pay not even the interest on the debt!!!! And the DEBT is growing every day and he is issuing more and more shares to pay the debt!!!!
He takes all the CASH the couple of wells generate and puts it STRAIGHT INTO HIS POCKET!!!
Can ANYONE name ONE THING this CEO has done to bring or build any value in this company????
WHY WOULD ANYONE BUY THIS STOCK TO LINE THE CEO'S POCKETS????
THE CEO IS A SCAMMER AND A CON MAN!!!! HE HAS DONE AND IS DOING NOTHING!!!!
SHOW ME ANY NEWS FROM THE COMPANY THAT WOULD EVEN INDICATE ANYTHING DIFFERENT???
CEO'S LIKE THIS ARE WHAT IS WRONG WITH OUR STOCK MARKETS....NO ACCOUNTABILITY...NONE!!!! NO SHAREHOLDER MEETINGS EVER!!!! NO BOARD THAT HE ANSWERS TO....NONE...EXCEPT HIS LITTLE BROTHER THAT HE KEEPS EMPLOYED TO DO OUR BOOKS...ANOTHER JOKE AND WASTE OF MONEY!!!!
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SALMON ARM, BC, Oct. 8 /PRNewswire-FirstCall/ -
Dear Fellow Valor Energy Shareholder,
Let me first say thank you for your continued support and patience!
No doubt, these have been trying times for all of us! It has now been almost one year since one of the most devastating global economic collapses seen in some 75 years...and Valor has certainly felt the effects! Contractual obligation to service our debt with common shares, combined with extremely low commodity prices and an almost non-existent investment climate, has forced us to take drastic actions to preserve and create opportunity to grow value; actions that we would not otherwise have anticipated. Through various initiatives, such as, focusing on our core business, divesting of non-key assets, and successfully negotiating restructures to certain debt agreements ...we have been able to meet our obligations and continue to successfully weather the storm!
The recent reverse split to our issued and outstanding shares and change in our symbol to VLEN has been one action that has been difficult for most to accept, and naturally so! It is with great care that I avoid any attempt to portray this reverse as anything but unfortunate ...to say the least! However, though painful, the reverse split has created a more attractive structure to potentially attract key financing that would not otherwise be available, and thereby provide the means to potentially capitalize on the tremendous opportunities that exist for expansion. I believe that our current initiatives will pay off with increased shareholder value in the long term.
Here also I would like to briefly address concerns that many of our shareholders have expressed regarding the "ominous" warnings that some markets are placing on our stock and the subsequent inability to trade. I want to belay fears by reassuring shareholders that these warnings are not nearly as "ominous" as they appear and that the situation should be resolved very shortly. We will be providing an additional press release very soon that will contain a full explanation that will not only clarify the situation, but also, detail our new plans to move forward.
In closing, I would like to again thank shareholders for their involvement with Valor Energy Corp! I would like to re-enforce our commitment to weathering the current financial crisis and, what's more, take advantage of the opportunity to position ourselves to capitalize on economic recovery and the return to prosperity that will bring!
Sincerely, Sheridan B. Westgarde Chief Executive Officer About Valor Energy ------------------
Incorporated in Nevada, Valor Energy Corp (VLRN) is an energy development and production company with working interests in Texas with plans to expand into Canada. Valor Industries Ltd., (VIL), VLEN's wholly owned Canadian subsidiary, provides proven management to VLEN to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
CONTACT: Valor Energy Corp., Investor Relations - Contact VLEN, (250) 833-1985 Or Email - info@valorenergy.com
SOURCE Valor Energy Corp.
Valor Energy Announces Appointment of Investor Relations & a Plan for Website Enhancements
Thursday August 14, 6:00 am ET
SALMON ARM, BC--(MARKET WIRE)--Aug 14, 2008 -- Valor Energy Corp. ("Valor" or "Company") (Other OTC:VLRN.PK - News), an energy development and production company, is pleased to announce two significant initiatives designed to further enhance shareholder awareness.
First, Valor is pleased to announce the hiring of Patterson & Associates, Huntington Beach, California, to provide investor relations services to the Company. Mr. Patterson's background includes a very successful career of more than 30 years in business, emphasizing marketing, sales, and business development while at such companies as IBM, Honeywell, and Tandem Computers. This past decade he has combined this knowledge and experience with his strong interest in the investment community, focusing on companies in the emerging market arena, to offer investor relations support and other consulting activities to selected customers. Mr. Westgarde commented, "Prior to hiring Mr. Patterson, I engaged with him in numerous discussions over a period of many months, and am very pleased to now enter into this new relationship with him. I appreciate his honest and straightforward assessments and I believe he will communicate to our shareholders with accuracy and integrity."
Second, Valor is pleased to announce the engagement of Left Right Minds Creative Solutions of Vancouver, BC, to further enhance the Company's website. We expect improvements to greatly enhance the viewing experience to our website visitors through a more powerful and dynamic presentation. The work is expected to take between 4 - 6 weeks.
As previously reported, Valor is currently working on several initiatives to enhance Company value through diversification in the energy sector. We would like to thank our shareholders for their patience and continued support.
To learn more about Valor Energy please visit our web site at www.valorenergy.com.
About Valor Energy
Incorporated in Nevada, Valor Energy Corp. is an energy development and production company with working interests in Texas and plans for expansion to Canada. Valor Industries Ltd., (VIL), Valor Energy Corp's wholly owned Canadian subsidiary, provides proven management to its parent to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. The Securities and Exchange Commission has generally permitted oil and gas companies in their filings with the SEC to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use the terms probable and possible reserves, reserve potential or upside or other descriptions of volumes of reserves potentially recoverable through additional drilling or recovery techniques that the SEC's guidelines may prohibit us from including in filings with the SEC. These estimates are by their nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of being actually realized by the Company. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. The reserve data included herein represents only estimates. Reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that cannot be measured in an exact manner. As a result, estimates of different engineers often vary. The estimates of reserves, future cash flows and present value are based on various assumptions, including those prescribed by the SEC relating to oil and natural gas prices, and are inherently imprecise. Our reserves and future cash flows may be subject to revisions based on many factors. It is possible that the assumptions made by management are not necessarily the most likely, and may not materialize, including but not limited to the possible undeveloped gas reserve. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Valor Century Corp. takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
Contact:
Investor Relations:
Gary Patterson
Patterson & Associates
info@valorenergy.com
(714) 369-2933
Valor Energy Provides Corporate Update
Tuesday August 12, 6:00 am ET
SALMON ARM, BC--(MARKET WIRE)--Aug 12, 2008 -- Valor Energy Corp. ("Valor") (Other OTC:VLRN.PK - News), an energy development and production company, is pleased to offer its shareholders and other interested investors an update on notable events concerning the company. It is Valor's intention to continue these updates at intervals during the year or when events warrant it.
SITUATIONAL SUMMARY:
Valor CEO, Mr. Sheridan B. Westgarde, provided the following summary to shareholders:
"We have just completed the normal field and draft processes on schedule, in the preparation of our Annual Report that will be filed on Form 10-KSB. Our auditors will now complete their procedures, with my full expectation being, that filing will occur within the time frame as provided for under SEC regulations for 'fully reporting issuers' as ourselves. We are current in our financial reporting and we fully qualify to apply for relisting on the Over the Counter Bulletin Board (OTC BB:BB.OB - News) listing service. We are in the early phase of that process.
"Certainly, there is valid concern being expressed in the low performance of the market price of our stock, however our company fundamentals have never been stronger. Since May of 2008, our principal investors have elected to convert Valor debt into significant amounts of equity. I believe that such conversions have resulted in obvious pressure and may have created the perception in the market of a level of company weakness that we believe does not exist. While performing these conversions maintains our contractual obligations, we are in ongoing discussions with our financiers in an effort to achieve much more positive results in our market capitalization. We intend to announce positive information regarding Valor revenues, reserves and growth activities in the coming weeks."
Mr. Westgarde continued, "Recently, certain events have transpired (that are not described here), involving a company who is both the project operator and the major joint interest participant in the Sargent South Field, Hamill, and Hamill leases, which have caused concern among some of our shareholders. I would like to reassure investors that we have been unaffected by these events to date and do not expect any problems in the future. Our assets in this field are secured at the state and county levels and operations are proceeding without interruption. We have been given assurances that development plans for these leases will proceed as expected and our lawyers are continuing to closely monitor the situation to ensure our interests remain unaffected. As disclosed in our recent financial filings with the Securities and Exchange Commission, we are planning to participate in the development of the reserves in place on the project. As of January 2007, our report issued by R.A. Lenser and Associates Inc., Consulting Petroleum Engineers and Geologists of Houston, Texas, reported Valor reserves of 44,000 MCF proved producing, 205,000 MCF proved undeveloped and 2,064 MCF (2.06 billion cubic feet) of possible undeveloped reserves."
CEO'S PREFERRED STOCK HOLDINGS:
In April of 2007, Sheridan Westgarde, CEO, received 2,007,194 shares of Series A Convertible Preferred shares in exchanged for stock commitments and approximately $300,000 of monies owed to him, including cash loans provided to Valor. The Certificate of Designation for these shares, as filed with the Nevada state and the Securities and Exchange Commission, provide for these shares to convert into approximately 123 million shares of the company's common stock. During May of 2007, Mr. Westgarde filed a letter with Valor and its Board, irrevocably canceling the conversion rights pertaining to these preferred shares. Mr. Westgarde commented regarding his actions, "I did this because I wanted to demonstrate my commitment to the process of building this company." He continued, "I want to ensure that Valor is managed in a way that is in the best interests of its shareholders and debtors."
RECENT TRANSACTION
During January 2008, the Company sold all of its interest in a large scale manipulator system technology, to Hollund Industrial Robotics Inc. Mr. Westgarde summarized the transaction benefits, "Selling this technology to Hollund has accomplished major objectives for us. We have been able to improve shareholder value by canceling the only other remaining block of 1,776,196 Series A Convertible Preferred shares held by a former executive. This preferred stock, if converted, would have resulted in an increase to the outstanding common of 108,347,956 shares. The cash that was committed in the deal has already generated important cash flow to fund our proven natural gas development in the Sargent South field operations. Also, the transaction involved Hollund assuming certain other weighty stock commitments and the elimination of certain notes payables from the Company's balance sheet, further improving our Company's liquidity and cash flow. The elimination of additional R&D expenses, required to commercialize the technology, is consistent with our continued focus on increasing operations and revenue in our primary energy sector. Additionally, we have reduced our shareholders exposure to development risk that is inherently associated with any new technology development. Valor is considering potential opportunities that may be available to market this technology in related industries going forward.
The Company is currently working on several initiatives to enhance the Company's value through diversification in the energy sector. We would like to thank our shareholders for their patience and continued support.
To learn more about Valor Energy please visit our web site at www.valorenergy.com.
About Valor Energy
Incorporated in Nevada, Valor Energy Corp (Other OTC:VLRN.PK - News) is an energy development and production company with working interests in Texas and plans for expansion to Canada. Valor Industries Ltd., (VIL), VLRN's wholly owned Canadian subsidiary, provides proven management to VLRN to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
Contact:
Contacts:
Valor Energy Corp.
Investor Relations - Contact VLRN
(250)-833-1985
Email - info@valorenergy.com
VLRN Announces Name Change and New Corporate Initiatives
SALMON ARM, BC, Jun 02, 2008
Formerly traded as Aquatic Cellulose International Corp. (AQCI.PK), the Company today announced that they have successfully completed the process to change the Company name to Valor Energy Corp., with the new trading symbol (PINKSHEETS: VLRN). VLRN's wholly owned Canadian subsidiary is now Valor Industries Ltd. Since 2004, the Company has been active in the energy development and production industry, with working interests in the on-shore and off-shore Gulf of Mexico.
Additionally, the Company today announced that development of a completely new look website is virtually complete. This site www.valorenergy.com will feature exciting new upgrades to the Company's corporate branding and easy to navigate access to all of the Company's latest news and developments. New and existing Shareholders who have signed up for the Company newsletters will begin receiving development and progress updates as they become available. Sheridan Westgarde, chief executive officer of VLRN, stated, "With this corporate action now complete we are very pleased to be in a position, today, to begin launching exciting new initiatives that will highlight our growing value and ongoing developments in this booming energy market." He concluded, "We are inviting shareholders to stay tuned for future announcements."
About Valor Energy
Incorporated in Nevada, Valor Energy Corp. (VLRN) is an energy development and production company with working interests in Texas and plans for expansion to Canada. Valor Industries Ltd., (VIL), VLRN's wholly owned Canadian subsidiary, provides proven management to VLRN to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
Contacts: Valor Energy Corp. Investor Relations - Contact AQCI (250)-833-1985 Or Email - info@valorenergy.com
SOURCE: Valor Energy Corp.
Website:
http://www.valorenergy.com/
SEC Filings:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001081242&type=&dateb=&owner=include&count=40
PinkSheets:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=vlen
Share Structure:
Outstanding as of Nov. 7, 2008, ~226MM shares $0.001 par value
Outstanding as of July 10, 2009, 627,589,889 shares, par value $.001
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