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If it gets relisted I pledge to buy a bottle of Kentucky whisky to everyone here who reads this notice.
So is this going to be relisted or what
Judge finally tossed lawsuit brought by Energy Drilling LLC against Virtus. That’s over a crazy 1mm debt liability the company has been fighting and now with Energy Drilling in BK. So i expect that has been an anchor around everyone’s neck
Well if it is not ever to be relisted, I'm out about $10k for about 42,000 shares. Wonder how much others will lose. Guess all the big stockholders who had hundreds of k or millions of shares given to them by providing financing or services etc will be stung too. One recent user of this blog explained how he traded back when there was some value to the stock and had managed to recover and even profit from trades such that he had done well, had his money out and still had boucou shares. Let us hope that Dan can pull this out of the fire.
No updates, my guess this never gets relisted.
Anyone have any recent news? Anybody been in contact with Dan Green?
Mike: well the culprit Ireland is at it again with Blue Eagle Lithium. You can call James L. Buck, Assistant Director, Division of Enforcement at (202) 551-4598. Also check out the Investorhub and Yahoo Conversations of Blue Eagle Lithium and you can voice and warn others.
I bought in a few years back and was a victim of the pump and dump. I even bought some as it went down, hoping for a rebound that never came. Then when they devalued the stocks by giving us one for every 10, then watched the price drop by 90% right after, I was sunk. Lost quite a bit, so very interested in a lawsuit comes of this. I had over 130,000 shares at one point. Learned a valuable lesson, but would like to teach them one about cheating people.
Article exposing Rupert Ireland and his pump and dump connections with Virtus and now Blue Eagle Lithium.
From Blue Eagle message boards and yahoo discussions. The noose is tightening on him!
https://www.goodetrades.com/2019/06/
Well the previous issues with Virtus was all due to previous CEO Ireland who is at the Helm of Blue Eagle. Lithium and SEC already suspended him and all sorts of investigations going on. I know personally as they Had to turn over all the discovery of emails and texts to the Investigators.
https://www.sec.gov/litigation/suspensions/2019/34-86271.pdf
count me in. Any sugestions how to proceed?
I'm with you. Many times we were told the financials were to be filed.
I am on board with joining a lawsuit. It's unacceptable that after the supposed audit, no financials were ever issued.
I am in process of contacting my investment firm as well as Brewer, Pritchard and Buckley PC, the lawfirm that supposedly represents VOIL. While I didn't lose tons because I realized it was speculation, it still appears to me to be fraudulent and should be addressed as such.
If it turns out that this was a boiler room hoax (seekingalpha article
2673395-virtus-oil-and-gas-behind-the-scenes-of-filipino-boiler-rooms-and-paid-advertisements), then we should try to hold people accountable and do our part to help prevent fraudulent enrichment schemes.
I have around 330,000 shares, most of them I bought for less than a penny a-piece about 1 & 1/2 or 2 yrs ago - some for as low as 1/4 of a penny. When VOIL was close to 20 cents a share I sold one-half of them for a handsome profit and I kept the rest who are now unsalable.
So I already made money on this trade even if I cannot dispose of the rest, but a trader always wants more and also I cannot get them off my TD account.
I'm somehow encouraged by your last answer.
Spoke with The Chairman. Looks like he came into a misrepresented company and they have engaged a firm to look at options for all shareholders. But like all energy companies they are trading near or close to their 52 week low. Inacent how many shares and how long have you been holding?
If it's true that VOIL had 14 millions in assets then we should be compensated for our stock. I'm willing to investigate the possibility of starting a suit.
We all know fault lays with prior CEO and CFO. Virtus was totally misrepresented to him and Murray when they took over but by that time the rats have jumped off the sinking ship.
Yep sure is looking that way. Supposed 14 million in assets yet can’t get a loan against those assets for the filings to get the company back in compliance to trade again.
Don’t even get me started on my frustrations!!!
Congratulations there are now no more stockholders they just became stuck holders.
14 million in assets huh but can’t get a filing done.
It is not possible for fka VOIL to have "volume on it today" as the stock is not allowed to trade publicly on any U.S. market or quotation service.
Well we are all still waiting for that ride. No panic by me merely stating the facts and now this. So what happens now
So I guess this thing will never trade again right? Why is there volume on it today?
VOIL registration revoked:
https://www.sec.gov/litigation/admin/2019/34-85720.pdf
some good news:
COP : U.S. crude oil pops above $60 as focus returns to tight global supply
10:08 am, Tue, Mar. 26, 2019
I also own COP, so don't read me as a total loser
"HOSTAGES OF VOIL"
(The title of my new movie)
Congratulations!
(Choose one: Patient Traders
or Prisoners of Wall Street)
We just got our first one year of being stuck in this stock!
Sigh... still being very patient. Nothing to lose at this point. Seriously, though...Get the frickin' act together and get the show on the road!
They are doing so great why would they sell
I threw an order out there to buy just to see if it would take for All or None.
Great time to take it over or go private. Still someone buying makes you wonder
Hmmmm... Stock Price = .00001. Wonder if this is a good time to buy.
The delisting was due to the CFO being shady and not filing change of address and when he did receive the notices he just sat on them. Another reason company has potential with those yahoos out and hell they aren’t even in the industry anymore. The assets that Green and Gibbons own bringing into the company is far better than the wildcatting VOIL was doing before. I’ll take production and in fill drilling with reserve reports than the pray and drill approach from before.
This is a sobering though: that this stock be delisted. I don't think this could happen because the company has assets worth at least $14M, so that each stock has a book value of (I estimated) of 10 cents. So we should get re numerated if the stock would get delisted.
I have nothing better to do than to hold out until they get the audit/filing completed or just get completely delisted. I'm only $400 into this thing.
The panic by Joe to get people to cash out are you f'n kidding me. There is less than 5 active posters on this board who can make their own decisions. as far as missing the boat and taking the ride, yep we would all love that. It seems as though VOIL needs to get that boat and bring it to port because there are people who have been waiting for that ride since new management took over.............
So informed one tell us are the financials ready to be submitted to the SEC yet.
VOIL holding nicely around a nickel. Seems like the panic by Joe to get folks to cash out has died down. So everyone wanting to take a ride and see where this goes. No one wanting to miss the boat from one guys IVHub post.
Lol stop yourself they don't even have the filings done yet. Then when that's done it still has to be submitted to the SEC for review. So tell us exactly what is going to propel this big move when you cannot even detect a bid or sell price
sell at your own risk of missing big upside move
I sure hope so then I will have no problem selling my shares........
I wish I could buy some 100,000 more shares too! Agree, sometin's cooking
up
Honestly not trying to stir anything up. I just do not believe the story anymore and have my shares up for sale.
Look at the volume. Wondering if Joe had those posts to stir the pot and buy up all these shares around three cents. Someone is buying.
All of that means nothing for shareholders. Stuck in an unlisted stock. If they don’t file with SEC soon they will fall behind again with updated financials. Not real confident this ever gets listed again at this point.
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Dan Green | Dan Green is a Petroleum Engineer with over 38 years of Professional Experience in Oil and Gas Industry. Mr. Green is the President of Pacific Energy & Mining Company an oil and gas operator. He is also Vice President of Finance with Satview Broadband Ltd. a Cable Television and Broadband Company based in Reno, Nevada providing cable TV and Internet service, also owns and operates a television channel. He was the President of Western Energy Inc., an independent oil company that was publicly traded which held leases in Utah and Kansas. Previously he managed operations for NP Energy a publicly traded oil company which held assets in Utah, Colorado, and Texas. |
Brett A. Murray | Brett A. Murray is a U.S. Citizen and has over 15 years’ experience in the Oil and Gas Industry. Mr. Murray spent the first three years at Virtus as Chief Operating Officer for publicly traded Virtus Oil and Gas Corporation and with addition of Green as CEO, He took on the role of EVP, Land Manager and Senior Management for Gunnison Energy Corporation, Land Manager for Sundance Energy Australia Limited (ASX: SEA), Sr. Landman at Anschutz Exploration and Landman at Anadarko Petroleum Corporation. His knowledge of the industry through multiple acquisitions and divestitures with leadership abilities will work well for the company and has been involved with multiple transactions totaling over $2 Billion dollars in his years. |
Jim Gibbons | James “Jim” Gibbons is the former Governor of the State of Nevada, Former Member of the United States Congress, Attorney, Fighter Pilot in the United States Air Force, an Air Line Pilot, Geologist and a Hydrologist. Mr. Gibbons retired as a Colonel in the United States Air Force. For his Service in the First Gulf War, Mr. Gibbons was awarded the Distinguished Flying Cross. Mr. Gibbons Mission in Kuwait represents the Air National Guard Mission of the War and is listed in the Air National Guard Museum in Washington DC. |
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Virtus Oil and Gas was founded in 2013 with the mission of acquiring and developing onshore oil and gas working interests in proven basins in the United States. The As part of our corporate strategy, we believe in the following fundamental principles: | NEWS FROM THE COMPANY VOIL Releases Financials With $14 Million in Assets Virtus Unaudited 8-31-17 Financials Virtus Unaudited 5-31-17 Financials Virtus Unaudited 2-28-17 Financials
4/13/17 Update on Workovers and Investor Presentation 3/21/17 Purchase of San Juan Properties 2/22/17 Virtus Oil Announces Letter of Intent to Acquire Assets 2/2/17 Virtus Oil Announces New Board Members and Management Virtus Encounters Oil Shows In Lone Pine Well |
MANAGEMENT TEAM Virtus Oil and Gas is backed by a management team that is experienced in taking energycompanies from the start-up and early development phases through the period of reservesand capital growth within a public company environment. The executive team at Virtus Oiland Gas has held and currently hold senior management positions and boardmemberships with several successful small- and medium-sized producers.Together, the team brings more than 100 years of combined oil industryexperience to Virtus. | VOIL Share Breakdown AUTHORIZED SHARES: 141,849,161 SHARES OUTSTANDING: 18,000,000 Non-Restricted FLOAT: 25,371,00071,558 Market Cap: $11.14mm (As of 5/4/18) Updated April 2018 |
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