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thank you 'Rocky Mountain Energy Corp (RMEC)'
US v. John N. Ehrman
Court Docket number: H-07-290
July 13, 2007
FORMER CEO INDICTED FOR SECURITIES FRAUD
(HOUSTON) – The former CEO of Rocky Mountain Energy Corporation has been indicted for securities fraud for engaging in a stock manipulation scheme involving shares of his company stock, United States Attorney Don DeGabrielle announced today.
John N. Ehrman, 52, of The Woodlands, Texas, is charged in a 13-count indictment with securities fraud and false Securities and Exchange Commission (SEC) filings. The indictment returned under seal on July 12, 2007, was unsealed today following Ehrman’s arrest this morning by special agents of the Federal Bureau of Investigation. Ehrman is expected to make an initial appearance this afternoon at 2:00 p.m. before U. S. Magistrate Judge Stephen William Smith.
Ehrman is accused in the first 10 counts of the indictment with securities fraud for devising a scheme to inflate the price and trading volume of Rocky Mountain stock and to profit by selling and directing others to sell and transfer shares issued under an obscure exemption to the registration provisions of the federal securities laws. According to the indictment, Ehrman signed separate agreements on behalf of Rocky Mountain to acquire small privately held oil and gas companies, or portions of the companies, in exchange for Rocky Mountain stock. Rocky Mountain, under Section 3(a)(10) of the 1933 Securities Act, then petitioned the District Court of Utah, to rule that the proposed acquisitions were fair to the shareholders or owners of the companies to be acquired, and to rule that Rocky Mountain’s plan to issue shares to exchange for ownership of the companies did not constitute a public securities offering by Rocky Mountain. The indictment alleges that the petition and sworn declarations filed with the Utah court falsely stated that a number of individuals were shareholders or owners of the companies to be acquired, when in fact the individuals were not.
Based on the petitions and at the conclusion of hearings on four separate acquisitions, the Utah court issued orders finding that Rocky Mountain’s plans to issue and exchange shares was fair to shareholders and owners of the acquired companies and did not constitute a public securities offering by Rocky Mountain.
Using the hearings in Utah, the indictment alleges that Ehrman caused Rocky Mountain to issue more than 46 million shares that did not bear a restrictive legend. Ehrman exerted control over these purported “free-trading” shares, according to the indictment, which represented around one-half of Rocky Mountain’s issued and outstanding stock, selling the shares and directing others to sell and transfer them. Ehrman allegedly received about $500,000 in proceeds from sales of Rocky Mountain shares during the scheme, which took place between June 1, 2002 and April 3, 2003.
At the same time Ehrman gained control of the shares, the indictment alleges that Ehrman caused Rocky Mountain to make a series of false and misleading statements to the investing public to artificially inflate the price and trading volume of the company stock. Rocky Mountain press releases touted the acquisitions, representing that acquisitions were completed and that financing was in place for acquisitions, when, according to the indictment, acquisitions were not completed and financing was not in place. Ehrman also allegedly caused Rocky Mountain to omit to disclose to the public that the corporation issued tens of millions of shares of stock, which diluted the value of shares held by investors. Investors allegedly lost approximately $1.1 million during the scheme. Rocky Mountain’s stock had been quoted on the OTC Bulletin Board.
Ehrman is accused in Counts 11 - 13 of making false and misleading statements in reports and documents filed with the Securities and Exchange Commission.
If convicted of the first count of the indictment, Ehrman faces a maximum of 10 years imprisonment and a $1 million fine. Counts 2 - 13 carry a maximum penalty of 20 years imprisonment and a $5 million fine, upon conviction.
The investigation leading to the charges was conducted by the Houston office of the Federal Bureau of Investigation and by the United States Securities and Exchange Commission Regional Office in Ft. Worth, Texas. The case is being prosecuted by Assistant U.S. Attorney Stephen Corso.
http://www.usdoj.gov/usao/txs/releases/July%202007/070713-Ehrman.htm
Oct. 15, 2008
FORMER CEO OF ROCKY MOUNTAIN ENERGY PLEADS GUILTY TO MAKING FALSE SEC FILING
HOUSTON - The former CEO of Rocky Mountain Energy Corporation has pleaded guilty to making a false filing with the Securities and Exchange Commission (SEC) in which he misrepresented the amount of outstanding shares in the company, United States Attorney Don DeGabrielle announced today.
At a hearing on Oct. 14, 2008, before United States District Judge Lee Rosenthal, John N. Ehrman, 53, of The Woodlands, Texas, pleaded guilty to the false filing charge which was alleged as part of a 13-count indictment returned in July 2007. Ehrman’s conviction carries a maximum punishment of 20 years in prison and a fine of up to $5 million. Judge Rosenthal set Ehrman’s sentencing for Jan. 29, 2009. Ehrman will remain free on bond pending his sentencing.
During spring 2002, Ehrman was engaged in negotiations to purchase several oil and gas leases from BC&D Oil and Gas Corporation. Ehrman planned to use newly-issued Rocky Mountain shares as part of the collateral for a loan from Marathon USA Inc. to purchase the leases. The deal was scheduled to close on June 28, 2002. On June 27, 2002, Ehrman caused Rocky Mountain to file a petition in Utah state court seeking a ruling on whether the exchange of approximately 10 million newly-issued Rocky Mountain shares for the BC&D leases was fair. Attached to this petition were statements from three purported shareholders of BC&D attesting to the fairness of the transaction. Based on these submissions, the Utah court issued an order finding that Rocky Mountain’s plan to issue and exchange shares was fair. On July 8, 2002, Ehrman caused Rocky Mountain to issue 10,025,000 new shares. However, the deal to exchange the shares for BC&D assets was never consummated, because the loan fell through.
On Jan. 2, 2003, Ehrman caused Rocky Mountain to file a form 8-K with the SEC which disclosed that the deal with BC&D was never completed, but also falsely claimed that only five million shares had been issued in connection with the attempted transaction, when in fact 10,025,000 shares had been issued.
This investigation was conducted by the Houston office of the FBI and the SEC Regional Office in Ft. Worth, Texas. The case is being prosecuted by Assistant U.S. Attorneys Stephen Corso and Gregg Costa.
http://www.usdoj.gov/usao/txs/releases/October%202008/101508Ehrman.htm
securities fraud...I posted the pr about $RMEC, scroll down a little, it's still on this page...https://investorshub.advfn.com/boards/read_msg.aspx?message_id=35903239
why did halt come about ????? 'Rocky Mountain Energy Corp (RMEC)'
I was dealing to this dude from Montana and we were talking about the stock market , he said that RMEC is going to go up in the next few days...SURE ENOUGH!!! BOOM!!! but I sold too early, then bought in higher and it came down...I think i broke even on the deal before the halt...WOW!!!
here i am lord here i am lord. wow lot of crooked mgmt.
haven't been here fer awhile. some say summer mos tuff on pinks.
FYI. Recieved a letter from Justice dept. John n Ehrman to be sentenced aug 31st for securities fraud.
All the best
I think anything is worth a try. i would like to go, just to look that MoFo in the eye
Do you think we should all contact the Victim Witness Coordinator regarding our trade history of RMEC???
I belive that 'cazthepatterntrader' from this thread was JE. Take a look back and look at the exchange i had with the guy in 2003, at the time when JE was filing bankruptcy.
Does anyone have a link to J.E.'s pic?
I got the same postcard yesterday too. Would love to get my $$$ back and then some.
Did anyone else receive a postcard from the US DOJ informing you about John N. Ehrman? I lost $$$ trading RMEC. Is it possible to recover $$$ lost and a little bit more from being scammed?
US v. John N. Ehrman
Court Docket number: H-07-290
July 13, 2007
FORMER CEO INDICTED FOR SECURITIES FRAUD
(HOUSTON) – The former CEO of Rocky Mountain Energy Corporation has been indicted for securities fraud for engaging in a stock manipulation scheme involving shares of his company stock, United States Attorney Don DeGabrielle announced today.
John N. Ehrman, 52, of The Woodlands, Texas, is charged in a 13-count indictment with securities fraud and false Securities and Exchange Commission (SEC) filings. The indictment returned under seal on July 12, 2007, was unsealed today following Ehrman’s arrest this morning by special agents of the Federal Bureau of Investigation. Ehrman is expected to make an initial appearance this afternoon at 2:00 p.m. before U. S. Magistrate Judge Stephen William Smith.
Ehrman is accused in the first 10 counts of the indictment with securities fraud for devising a scheme to inflate the price and trading volume of Rocky Mountain stock and to profit by selling and directing others to sell and transfer shares issued under an obscure exemption to the registration provisions of the federal securities laws. According to the indictment, Ehrman signed separate agreements on behalf of Rocky Mountain to acquire small privately held oil and gas companies, or portions of the companies, in exchange for Rocky Mountain stock. Rocky Mountain, under Section 3(a)(10) of the 1933 Securities Act, then petitioned the District Court of Utah, to rule that the proposed acquisitions were fair to the shareholders or owners of the companies to be acquired, and to rule that Rocky Mountain’s plan to issue shares to exchange for ownership of the companies did not constitute a public securities offering by Rocky Mountain. The indictment alleges that the petition and sworn declarations filed with the Utah court falsely stated that a number of individuals were shareholders or owners of the companies to be acquired, when in fact the individuals were not.
Based on the petitions and at the conclusion of hearings on four separate acquisitions, the Utah court issued orders finding that Rocky Mountain’s plans to issue and exchange shares was fair to shareholders and owners of the acquired companies and did not constitute a public securities offering by Rocky Mountain.
Using the hearings in Utah, the indictment alleges that Ehrman caused Rocky Mountain to issue more than 46 million shares that did not bear a restrictive legend. Ehrman exerted control over these purported “free-trading” shares, according to the indictment, which represented around one-half of Rocky Mountain’s issued and outstanding stock, selling the shares and directing others to sell and transfer them. Ehrman allegedly received about $500,000 in proceeds from sales of Rocky Mountain shares during the scheme, which took place between June 1, 2002 and April 3, 2003.
At the same time Ehrman gained control of the shares, the indictment alleges that Ehrman caused Rocky Mountain to make a series of false and misleading statements to the investing public to artificially inflate the price and trading volume of the company stock. Rocky Mountain press releases touted the acquisitions, representing that acquisitions were completed and that financing was in place for acquisitions, when, according to the indictment, acquisitions were not completed and financing was not in place. Ehrman also allegedly caused Rocky Mountain to omit to disclose to the public that the corporation issued tens of millions of shares of stock, which diluted the value of shares held by investors. Investors allegedly lost approximately $1.1 million during the scheme. Rocky Mountain’s stock had been quoted on the OTC Bulletin Board.
Ehrman is accused in Counts 11 - 13 of making false and misleading statements in reports and documents filed with the Securities and Exchange Commission.
If convicted of the first count of the indictment, Ehrman faces a maximum of 10 years imprisonment and a $1 million fine. Counts 2 - 13 carry a maximum penalty of 20 years imprisonment and a $5 million fine, upon conviction.
The investigation leading to the charges was conducted by the Houston office of the Federal Bureau of Investigation and by the United States Securities and Exchange Commission Regional Office in Ft. Worth, Texas. The case is being prosecuted by Assistant U.S. Attorney Stephen Corso.
http://www.usdoj.gov/usao/txs/releases/July%202007/070713-Ehrman.htm
Oct. 15, 2008
FORMER CEO OF ROCKY MOUNTAIN ENERGY PLEADS GUILTY TO MAKING FALSE SEC FILING
HOUSTON - The former CEO of Rocky Mountain Energy Corporation has pleaded guilty to making a false filing with the Securities and Exchange Commission (SEC) in which he misrepresented the amount of outstanding shares in the company, United States Attorney Don DeGabrielle announced today.
At a hearing on Oct. 14, 2008, before United States District Judge Lee Rosenthal, John N. Ehrman, 53, of The Woodlands, Texas, pleaded guilty to the false filing charge which was alleged as part of a 13-count indictment returned in July 2007. Ehrman’s conviction carries a maximum punishment of 20 years in prison and a fine of up to $5 million. Judge Rosenthal set Ehrman’s sentencing for Jan. 29, 2009. Ehrman will remain free on bond pending his sentencing.
During spring 2002, Ehrman was engaged in negotiations to purchase several oil and gas leases from BC&D Oil and Gas Corporation. Ehrman planned to use newly-issued Rocky Mountain shares as part of the collateral for a loan from Marathon USA Inc. to purchase the leases. The deal was scheduled to close on June 28, 2002. On June 27, 2002, Ehrman caused Rocky Mountain to file a petition in Utah state court seeking a ruling on whether the exchange of approximately 10 million newly-issued Rocky Mountain shares for the BC&D leases was fair. Attached to this petition were statements from three purported shareholders of BC&D attesting to the fairness of the transaction. Based on these submissions, the Utah court issued an order finding that Rocky Mountain’s plan to issue and exchange shares was fair. On July 8, 2002, Ehrman caused Rocky Mountain to issue 10,025,000 new shares. However, the deal to exchange the shares for BC&D assets was never consummated, because the loan fell through.
On Jan. 2, 2003, Ehrman caused Rocky Mountain to file a form 8-K with the SEC which disclosed that the deal with BC&D was never completed, but also falsely claimed that only five million shares had been issued in connection with the attempted transaction, when in fact 10,025,000 shares had been issued.
This investigation was conducted by the Houston office of the FBI and the SEC Regional Office in Ft. Worth, Texas. The case is being prosecuted by Assistant U.S. Attorneys Stephen Corso and Gregg Costa.
http://www.usdoj.gov/usao/txs/releases/October%202008/101508Ehrman.htm
I received a card in the mail yesterday from the US Department of Justice, United States Attorney's Office Southern District of Texas. I have been identified as a victim in this case. John Ehrman will be sentenced on Tuesday March 24, 2009 @ 10:00 am.
For more details you can go to:
http://www.usdoj.gov/usao/txs/initiatives/victimswitness.html
Happened to notice that sailbad is alive and well and still posting on that other venue. Good for him!
I guess it's true about only the good dying young....bashers live on forever!
I think he got a slap on the hand (and one on the shoulder) for his earlier offenses (Regent?), but being a convicted felon at the time of the RMEC scam left him open for stiffer penalties. I found a report (link at bottom of this page) dated Oct 17, 2007 that summarizes the actions against him: 1) The shutting down of RMEC in Apr 2003 and, 2) the fraud indictment against him in July 2007. According to this, the "SEC charges apparently remain pending". If it took the SEC 4 years just to finally indict him for fraud I doubt the trial would occur within 7 months. I figure sometime around March 2013 would be about right.
4/3/03:
The SEC filed a civil action against Mr. Johnson and others in connection with an alleged fraudulent stock manipulation scheme involving Rocky Mountain Energy Corporation. The court granted the SEC's requests for a temporary restraining order and an asset freeze against Rocky Mountain, its CEO, John N. Ehrman, and Mr. Johnson, and also appointed a temporary receiver to take control of Rocky Mountain and the assets of Mr. Ehrman.
SEC Litigation Release No. 18069, SEC Halts Fraudulent Stock Manipulation Scheme
Orchestrated by CEO and General Counsel of Rocky Mountain Energy Corporation (Apr. 3, 2003):
http://www.sec.gov/litigation/litreleases/lr18069.htm
SEC v. Rocky Mountain Energy Corporation et al., Case No. H-03-CV-1133 (S.D. Tex. Apr. 3, 2003) (Complaint):
http://www.sec.gov/litigation/complaints/comp18069.htm
7/13/07:
An indictment was unsealed charging John N. Ehrman, the former CEO of Rocky Mountain Energy Corporation, with 13 counts of securities fraud and false SEC filings.
U.S. Attorney’s Office (S.D. Tex.) press release, Former CEO Indicted for Securities Fraud (July 13, 2007):
http://houston.fbi.gov/dojpressrel/pressrel07/ho07132007.htm
http://www.abanet.org/litigation/committees/corporate/docs/2007_materials_underattack.pdf
Cat...If I remember correctly...He was indicted by the SEC and got the standard handslap that goes with that territory..Last I heard he was up and running another company..I'm sorry..You'll have to dig a bit to find that info for yourself...
I did hear that Bozzelle was his pool boy now, gives the kids guitar lessons and lives in the pool filter shed. I think his mom got the actual pool changing room for her quarters.
What a ride RMEC was..Couple of us made some good chunks flipping the peawaddleing crud out of it...Was an era for sure..
How's your TRBY doing these days??? (couldn't resist)
Bob
Bozelle
Bozelle is the 48,152nd most popular last name (surname) in the United States; frequency is 0.000%; percentile is 85.625 [SourceCBN]
http://www.placesnamed.com/b/o/bozelle.asp
Did JE's case come to trial yet? I'm trying to figure out where he is now. He was facing as much as 20 years in prison and a 5 million dollar fine!
FORMER CEO INDICTED FOR SECURITIES FRAUD
(HOUSTON) July 13, 2007 – The former CEO of Rocky Mountain Energy Corporation has been indicted for securities fraud for engaging in a stock manipulation scheme involving shares of his company stock, United States Attorney Don DeGabrielle announced today.
John N. Ehrman, 52, of The Woodlands, Texas, is charged in a 13-count indictment with securities fraud and false Securities and Exchange Commission (SEC) filings. The indictment returned under seal on July 12, 2007, was unsealed today following Ehrman’s arrest this morning by special agents of the Federal Bureau of Investigation. Ehrman is expected to make an initial appearance this afternoon at 2:00 p.m. before U. S. Magistrate Judge Stephen William Smith.
Ehrman is accused in the first 10 counts of the indictment with securities fraud for devising a scheme to inflate the price and trading volume of Rocky Mountain stock and to profit by selling and directing others to sell and transfer shares issued under an obscure exemption to the registration provisions of the federal securities laws. According to the indictment, Ehrman signed separate agreements on behalf of Rocky Mountain to acquire small privately held oil and gas companies, or portions of the companies, in exchange for Rocky Mountain stock. Rocky Mountain, under Section 3(a)(10) of the 1933 Securities Act, then petitioned the District Court of Utah, to rule that the proposed acquisitions were fair to the shareholders or owners of the companies to be acquired, and to rule that Rocky Mountain’s plan to issue shares to exchange for ownership of the companies did not constitute a public securities offering by Rocky Mountain. The indictment alleges that the petition and sworn declarations filed with the Utah court falsely stated that a number of individuals were shareholders or owners of the companies to be acquired, when in fact the individuals were not.
Based on the petitions and at the conclusion of hearings on four separate acquisitions, the Utah court issued orders finding that Rocky Mountain’s plans to issue and exchange shares was fair to shareholders and owners of the acquired companies and did not constitute a public securities offering by Rocky Mountain.
Using the hearings in Utah, the indictment alleges that Ehrman caused Rocky Mountain to issue more than 46 million shares that did not bear a restrictive legend. Ehrman exerted control over these purported “free-trading” shares, according to the indictment, which represented around one-half of Rocky Mountain’s issued and outstanding stock, selling the shares and directing others to sell and transfer them. Ehrman allegedly received about $500,000 in proceeds from sales of Rocky Mountain shares during the scheme, which took place between June 1, 2002 and April 3, 2003.
At the same time Ehrman gained control of the shares, the indictment alleges that Ehrman caused Rocky Mountain to make a series of false and misleading statements to the investing public to artificially inflate the price and trading volume of the company stock. Rocky Mountain press releases touted the acquisitions, representing that acquisitions were completed and that financing was in place for acquisitions, when, according to the indictment, acquisitions were not completed and financing was not in place. Ehrman also allegedly caused Rocky Mountain to omit to disclose to the public that the corporation issued tens of millions of shares of stock, which diluted the value of shares held by investors. Investors allegedly lost approximately $1.1 million during the scheme. Rocky Mountain’s stock had been quoted on the OTC Bulletin Board.
Ehrman is accused in Counts 11 - 13 of making false and misleading statements in reports and documents filed with the Securities and Exchange Commission.
If convicted of the first count of the indictment, Ehrman faces a maximum of 10 years imprisonment and a $1 million fine. Counts 2 - 13 carry a maximum penalty of 20 years imprisonment and a $5 million fine, upon conviction.
The investigation leading to the charges was conducted by the Houston office of the Federal Bureau of Investigation and by the United States Securities and Exchange Commission Regional Office in Ft. Worth, Texas. The case is being prosecuted by Assistant U.S. Attorney Stephen Corso.
An indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless and until convicted through due process of law.
###
http://www.usdoj.gov/usao/txs/releases/July%202007/070713-Ehrman.htm
CLETUS!!!! How ya doing pal!
I often wondered what happened to him. Brick-related impact injuries can be hard to recover from, especially when you get hit twice (once in the shoulder and once in the head).
Does he still live at the firehouse?
=^..^=
Is this a good stock?
It's a great stock! I don't think anyone has lost money trading it in the past few years.
PS Cat>>
Someone says hey>>>
Thanks Cat...Good to hear from you..I thought you were just ignoring me. Is this a good stock?
Greetings Bobby! Good to see you here.
Yes, this is a much more civilized board.
BTW, sorry it took over 5 years to reply to your post. Time flies, doesn't it?
LOL
=^..^=
The RMEC experience was like taking a college course in penny stock scams. It introduced me to many of the basic pumper tactics that I've since seen used in dozens of pump & dump scams. I also learned that a stock's bashers---reviled by the pumpers, of course---are actually your best source of info.
Be it oil, gold, diamonds or uranium, the scams all get played pretty much the same. And if you spot one being run by a competent group of scammers you can even make money by getting in and out at the right times. Just don't get greedy.
Yeah, there sure were a lot of nice people on that board, weren't
there? (Even if it was on that other stock board---the one that uses the angry male cow as its symbol.) A few I recognize here on iHub. There's probably a lot more but they're likely using different aliases.
I wonder if sailbad posts on iHub? He had RMEC pegged from day #1 but so few believed him. Alas, the burden of being a basher. LOL
=^..^=
Wow, I hadn't heard that name in years! I wonder what happened to his Mom; last I heard she was sick or was that his dog? I met a lot of really neat people on that board though - it was a blast! It wasn't hard to spot bashers back then when they would greet me with "ahhh, good evening, Clarice. Would you like some fava beans and a nice Chianti?" lol.
Anyway, thanks for the walk down memory lane :)
I wonder whatever happened to Bozelle.
He was the lead pumper for RMEC over on Raging Bull. What a circus THAT board was! But lots of fun, too.
Well, until RMEC went belly up with a bunch of my cash in its gut! It was my first experience with a stock scam, and an expensive lesson it was, too!
Wow, I never realized iHub had a RMEC board.
This stock sure brings back a lot of memories for me.
Sigh...
...I only wish they were GOOD memories! Hahahaha!
=^..^=
NOT SO GOOD NEWS on RMEC!!!
By: rangerray 17 Dec 2003, 05:08 PM EST
Msg. 366670 of 387220
(This msg. is a reply to 366312 by brunwiz.)
Jump to msg. #
*** TO ALL BRUNWIZ WARNED BY SEC SEE MORE BELOW!! ***
BUT HE JUST DIDN'T CARE
By: brunwiz
17 Dec 2003, 11:31 AM EST Msg. 366312 of 366665
(Msg. is a reply to 366298 by TheUndefeated.)
*** TO ALL UNDEFATED WARNED BY SEC SEE MORE BELOW!!!!!***
________________
Brunwiz - Moron Dupe Extraordinaire
This guy is a really special kind of stupid. So stupid it's hard to believe he's for real. So stupid I feel a little sheepish even posting about it. Really it's sad and pathetic.
But he is willfully stupid, almost proudly stupid; certainly incurably stupid.
Consider his RMEC adventure. The SEC plainly exposed this blatant SCAM on 4/3/03.
U.S. Securities and Exchange Commission
Litigation Release No. 18069 / April 3, 2003
S.E.C. v. Rocky Mountain Energy Corporation, Inc., John N. Ehrman, W. Roderick Johnson, and John W. Ehrman, Jr. (Defendant Solely for Purposes of Equitable Relief)
Case No. H-03-CV-1133 (U.S.D.C., S.D. Tex.)
SEC Halts Fraudulent Stock Manipulation Scheme Orchestrated by CEO and General Counsel of Rocky Mountain Energy Corporation
On April 3, 2003, the Securities and Exchange Commission ("SEC") filed a lawsuit in U.S. District Court for the Southern District of Texas (Houston) to halt a fraudulent stock manipulation scheme involving Rocky Mountain Energy Corporation, a Houston-based oil-and-gas company whose stock is quoted on the OTC Bulletin Board (symbol, "RMEC"). U.S. District Judge Sim Lake granted the SEC's requests for a temporary restraining order and an asset freeze against Rocky Mountain, its CEO, John N. Ehrman, and its General Counsel, W. Roderick Johnson, Sr. The Court also appointed a temporary receiver to take control of Rocky Mountain and the assets of Ehrman. The complaint also named John W. Ehrman, Jr., Ehrman's father, as a relief defendant to recover proceeds from the alleged fraud in his possession or control.
The complaint alleges that, from July 2002 to the present, Ehrman and Johnson used four bogus share-exchange transactions to secretly obtain control of approximately 50% of Rocky Mountain's issued and outstanding stock. Additionally, it is alleged that Rocky Mountain and Ehrman issued a stream of glowing but false and misleading press releases to artificially inflate the price and trading volume of the company's stock. The press releases and other promotional statements, touted numerous "acquisitions" of valuable oil-and-gas properties, or agreements to acquire such properties, along with expected revenues and other benefits from the acquisitions. The complaint alleges that Rocky Mountain had neither the assets nor the financing to complete these acquisitions. Concurrent with the misleading public announcements, it is alleged that Ehrman and Johnson dumped more than $800,000 of Rocky Mountain stock into the unsuspecting marketplace.
In carrying out the fraudulent scheme, Ehrman allegedly caused Rocky Mountain to file false and misleading reports and registration statements with the SEC. Among other things, these filings failed to disclose that Ehrman and Johnson caused Rocky Mountain to issue approximately 47 million shares of stock in the four sham share-exchange transactions. The filings also misrepresented, among other things, Ehrman and Johnson's ownership, transfer, and sale of approximately 31 million of these shares.
The SEC also alleged that, as part of the orchestrated manipulation, Ehrman and Johnson caused Rocky Mountain to file a number of false and misleading petitions and other documents in fairness proceedings in a Utah state court in an attempt to cloak their fraudulent activities from detection.
It is alleged in the complaint that, in connection with the scheme, Rocky Mountain, Ehrman, and Johnson violated the anti-fraud and securities-registration provisions of the federal securities laws, specifically Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder. It is also alleged that Rocky Mountain violated, and that Ehrman aided and abetted violations of, the issuer-reporting provisions of the federal securities laws, specifically Sections 13(a) of the Exchange Act and Rules 12b-20, 13a-1, 13a-11, and 13a-13 thereunder. It is further alleged that Ehrman violated the beneficial-ownership and principal-shareholder reporting provisions of the Exchange Act, specifically Sections 13(d) and 16(a) and Rules 13d-1 and 16a-3 thereunder. In addition to the relief already obtained in this action, the SEC seeks preliminary and permanent injunctions against each defendant, disgorgement and civil penalties against Ehrman and Johnson, an officer-and-director bar against Ehrman, a penny-stock bar against Ehrman and Johnson, and disgorgement against John W. Ehrman, Jr.
The SEC acknowledges the assistance of the National Association of Securities Dealers in this matter.
SEC Complaint in this matter
http://www.sec.gov/litigation/litreleases/lr18069.htm
------------
http://www.ragingbull.lycos.com/mboard/memalias.cgi?board=RMEC&member=brunwiz
NOW LOOK AT THESE POSTS - ALL AFTER THE SEC ACTED
By: brunwiz
04 Apr 2003, 10:14 AM EST
Msg. 50646 of 57098
Bought in at another 20,000 in the huge spike down couldn't resist - Volatile as the dow EOM ;)
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
------------
By: brunwiz
08 Apr 2003, 11:33 AM EDT
Msg. 53103 of 57098
Buying on the roomer of NEWS -just jumped in for another truck load!!!!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy)
------------
By: brunwiz
08 Apr 2003, 11:41 AM EDT
Msg. 53106 of 57098
(This msg. is a reply to 53104 by wiltelman.)
That was me - picked up another 25,000.
(Voluntary Disclosure: Position- Long)
------------
By: brunwiz
10 Apr 2003, 09:53 AM EDT
Msg. 53875 of 57098
I just bought another 80,000 - Quit your bitchin' and SELL!!!!! and leave. Or if your short keep buing I guess.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
------------
By: brunwiz
16 Apr 2003, 09:54 AM EDT
Msg. 54397 of 57098
I bought 50,000 shares of this puppy the other day - check out GRAD.OB I bought 15,000 at .06? in Feb 02' check it out!!!!!
(Voluntary Disclosure: Position- Long)
-------------
By: brunwiz
17 Apr 2003, 10:45 AM EDT
Msg. 54458 of 57098
CAN'T RESIST - picking up another 100,000! Verdict should be tossed out. I know!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
---------------
By: brunwiz
21 Apr 2003, 02:24 PM EDT
Msg. 54803 of 57098
The Verdict is in!!!!!!! I'm buying more!!!!!!!!!!!!!!
gl long as long can be.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
------------
3 MONTHS LATER - STARTING TO GET IT
By: brunwiz
11 Jul 2003, 01:01 PM EDT
Msg. 56570 of 57098
too bad all the cash I spent of this POS I didn't put into USXP! I'd be swimming in cash right now up 3000% this week!
(Voluntary Disclosure: Position- Long)
------------
NOW WONDERING WHAT HAPPENED - STILL HOLDING BAG
By: brunwiz
10 Dec 2003, 03:49 PM EST
Msg. 57093 of 57098
So what's up with the company - real info please. I know how mad people are and I'm right there with ya.
(Voluntary Disclosure: Position- Long)
----------------
SUCH PEOPLE NEED A LEGALLY MANDATED FINANCIAL GUARDIAN
Not to mention an Industrial Strength Tinfoil Hat
The USXP scam is winnowing out the 85-95 IQ dupes of late and the leavings aren't pretty. The Ono Class dupes now predominate with Brunwiz a poster boy.
Yikes !!!!
Go SEC
(Voluntary Disclosure: Position- No Position)
Tom Allinder of HotStockChat interviews John N. Erhman, President and CEO of
Rocky Mountain Energy Corporation (OTCBB-RMEC)
Tom: Hello, and welcome to HotStockChat. My name is Tom Allinder. Today our
guest is John Ehrman. Mr. Ehrman is the President and Chief Executive Officer of
Rocky Mountain Energy Corporation. Rocky Mountain Energy Corporation is traded
on the OTCBB, under ticker symbol RMEC. Hello, John. How are you doing?
John Ehrman: Great, and yourself?
Tom: Im doing fine. Can you give us a brief description of Rocky Mountain Energy
Corporation?s business?
John Ehrman: In a nutshell, what we do here is we buy proved oil and gas reserves
and then enhance the reserves by bringing more production online through field
development, and also through efficiency of operation. Traditionally, this means that
we?re going to buy the older fields that have already been discovered, have long
term proved reserves, and then increase that cash flow. So, you see nice steady
production that has a long history and has a lot left to go, and then we basically
became a self-contained oil company wherein we have our own equipment and we
do our own workovers, maintenance, etc., which cuts your operating costs by about
2/3.
Tom: All right. How about your management team? It says on your website that you
have combined over 100 years experience in the oil and gas business.
John Ehrman: That?s true. Myself ? I?m a lawyer and engineer and I?ve been at it
20 years. One of our directors, Steve Lieberman, has been a petroleum
engineer/field engineer for about 25 years. Mike Pugh has been in the financial side
of the business for well over 20 years, 25 years. Paul Bornstein, our Chairman of the
Board, has been a stock analyst in New York ? an oil and gas stock analyst in New
York ? and, more specifically, managed the oil and gas portfolios at Traveler?s
Insurance and Fleet Investment.
Tom: All right. Now I want to go into the nuts and bolts of your business. On the 23rd
of September you closed the acquisition of 59 billion cubic feet of gas reserves from
United States Oil Company in Sweetwater County, Wyoming. Additional fields in
Weston and Crook counties in Wyoming were also acquired. What does this mean
for the bottom line of RMEC?
John Ehrman: Well, this is a typical acquisition that we would make. The operator
needs development capital. We made the acquisition by using our paper on a
convertible note. The note is convertible one year from now ? it is a two-year note
but he cannot convert until a year goes by. The proved reserves are there, very
shallow production, long, long term reserves. With less than $5 million of
development we can bring this field to about $1 million a month. On the shares
outstanding that we have, that?s about .70-.80 cents a share that should bring in.
Additionally, if you look at the outstanding shares, the net value of the asset over
time is well in excess of $2.00 per share, so what it means is that you?ve got asset
value of $2.00 a share and a pretty good earning potential on each one of those
shares, and so we just need to concentrate on it now and get the gas out of the
ground and put it through the lines.
Tom: I?ve read in your letter to shareholders that you?re expecting to make further
acquisitions that will add significant value to RMEC. Can you give us some details on
your strategy?
John Ehrman: Well, actually over the next several days ? I can?t go into too much of
it because it?s a major announcement ? but there is an OTCBB company that has
put together a large acreage position in Wyoming with some properties as well as
New Mexico, and we are going to be the surviving company and we?re going to do
this with our shares, and because we can do it with our shares it allows us to buy
into their production. We?ll actually own their production, own their reserves,
upwards of 500 billion cubic feet of gas and go out and develop them by using our
paper as we did in Sweetwater County, Wyoming. That gives us clear title to the
asset without a mortgage on it, which then allows us to go get the development
money.
Tom: Okay. I want to go into that financing a little bit later on in the interview. One of
the other things I wanted to ask you about ? in order to provide a more stable
income, you?re using price hedges. Can you explain what this is and how it benefits
your company?
John Ehrman: There are two types of hedges that we use. One is a straight hedge,
which is we just lock in a price and we will deliver so many cubic feet to you at this
price next month. The other way we do it is to buy no-cost floors and ceilings for
collars ? commodities basis, they would be known as the collar ? and so what
we?ve done is we?ve been able to lock a price and the prices are nice and high right
now so we lock the futures price where we?re at now. If it goes up, of course, I?m
not making that upside, but if it goes down, I?m still making the price that we?re
looking at today.
Tom: All right. That seems to be pretty easily understood. As far as the technology
side, can you tell us a little bit about the BORS System? In my research it states that
this system can provide 500% or more improvement in production.
John Ehrman: Yes; in an oil well, a lot of the fields that we get out here are stripper
production. In an older field, you?re going to make a lot of water with your oil. Oil, of
course, floats on top of water in a formation, and so you?re bringing up the fluid,
you?re bringing up the oil and the water, and then you have to separate the water
from the oil. So, let?s say you have a 15% or 20% oil cut. You?re going to make
100 barrels of oil a day, on a 20% cut you?re going to have to move 500 barrels of
fluid and then separate out the 400 barrels of water to get your 100 barrels of oil. So
what a BORS unit does is it, for lack of a better term, it?s like a bucket that goes on
a conveyer belt down to the bottom of the well, siphons off just the top of the oil right
off the top of the formation, and then brings the oil to the surface and leaves the
water down below. This reduces your wear and tear on the well, obviously. Reduces
your sucker rods, which have a tendency to wear through your pipe and then cause
maintenance problems. And of course you don?t have to dispose of the water any
longer, so it?s environmentally safe as well as saving an immense amount of
disposal costs and so what happens is then you?re just moving oil and you?re not
moving the water itself.
Tom: Okay. Now I?d like to talk about some stock and finance-related issues, and
this kind of ties into some of the things that we talked about a little bit earlier. On the
11th of October of this year you announced that you had obtained $5 million in
development financing. Are you looking to obtain more financing or will this be
enough to put the properties that you have in production?
John Ehrman: The $5 million is enough to do what we need to do in Wyoming, but
there will be other acquisitions that we?re making and other development that we?re
going to do, so there will be a need for other financing and we have something of
very large scope for some very large acquisitions that we?re currently working on,
and we should go ahead and make an announcement shortly on it. However, the $5
million is adequate to fully develop the Wyoming fields that we purchased from U.S.
Oil Company.
Tom: Specifically, as far as the stock of RMEC is concerned, how many shares
outstanding and what?s in the public float?
John Ehrman: The total outstanding shares of RMEC are right at 31 million. You will
see that 15 million of that, however, is held by us in escrow, and the rest is in the
public float, so you?ve got about 16 million shares in the float, and of course 8 million
of that is at issue.
Tom: Yes, absolutely, and that?s something that I?d like to talk to you about next.
John Ehrman: But as long as we?re talking about the stock, I?d like to point out that
the $5 million financing we have is asset based on the properties, it?s not tied to the
stock in any way.
Tom: So, we?re not going to see any dilution of the stock through this financing?
John Ehrman: You will not see a dilution on the stock based upon the $5 million
financing in Wyoming.
Tom: All right. Now, the biggest news that you?ve had lately, and I saw this the day
that it came out and this was extremely interesting to me, was on the 23rd of
October, stating that you?d filed a lawsuit against SOS Resources, Salvatore
Russo, Ronald Brooks, Marathon USA Corporation in Hutchinson, Kansas, George
Malina and Horst Danning for alleged conspiracy, fraud, and theft of 8 million shares
and a $100,000 fee and the case is in the 113th Judicial District Court of Harris
County, Texas. Can you explain this situation, how all this came about, and what
your resolution is going to be on this?
John Ehrman: Obviously, I don?t like to fight my lawsuits in the press. The thing
that?s going to matter is what a judge and 12 people think, but what happened is we
were forced to do this. I don?t like lawsuits. I want to stay away from a courthouse if
at all possible, but this was forced upon us. Mr. Russo and Mr. Malina of SOS
Resources introduced us to Ronald Brooks and Horst Danning of Marathon
Corporation. Marathon Corporation, if you look through our very earliest
announcements, was to provide a $40 million credit line to the company for
acquisition and development of various crude oil and gas reserves. Those projects
were approved by Marathon and, as part of that, they were to get 20 million shares,
8 million of which were freely trading, and a $100,000 fee. We paid them the
$100,000 fee, we put the 20 million shares in escrow, and Mr. Russo and Mr. Malina
then had a contract with Marathon Corporation to provide investor relations. As it
turned out, the documents which we were given in due diligence were frauds,
specifically a $1.5 billion financial statement that was provided to us. Obviously, if
they?re going to give us a $40 million credit line, I wanted to say ?so where are you
going to come up with this money," right?
Tom: Absolutely.
John Ehrman: It turned out that Ernst and Young, the ostensibly Ernst and Young
audit turned out to be a fraud when after the thing blew up, we found out ? we got a
letter from Ernst and Young saying they?d never seen it before, as well as the
letters from the bank they provided us telling us that we had the $40 million line
through their client Union Bank of Switzerland as well, were cut and paste jobs. And
then, what had happened is we closed the projects in escrow and then when we
went to cash the checks to get the properties paid for, the $3 million check bounced.
So, immediately we knew we?d been taken. When we asked for our shares back, I
was able to grab the restricted shares back because there were restrictions. They
couldn?t have done anything with them. But they had already taken the shares out of
escrow and had already been selling the shares, and when I went to Russo and said
?I want them back,? he told me that he wanted to keep 3 million for himself. I said
?No, that?s unacceptable, you?ve already been involved in this fraud,? and he
disclaimed of course any knowledge of Marathon.
But the bottom line was I wasn?t about to stand there and reward him for that and
he said that if you try to move on these shares that I?ll flood the market with the
shares, and he then proceeded to do just that. Therefore, I was left with no
alternative but to go to the United States Attorney, the Harris County District
Attorney, the New York State Attorney General, which is where Russo?s at, and
also file a civil suit on them to freeze the shares and go after them and get the
shares back. And on final resolution, I don?t think that any one of these crooks
actually has the $100,000. I think they probably spent that already many times over.
But they have sold our stock and they did put their money in the pocket and I want
my 8 million shares back. If you?ve got 16 million shares in the float, you don?t give
away half your float for nothing, and I want my 8 million shares back because the
price, frankly, is ridiculously low compared to what we?re doing right now.
Tom: Okay. Have they tried to settle for any share amounts of less than 8 million
shares?
John Ehrman: They have, and I?ve told them that hell is going to freeze over before I
take less than 8 million shares. Let them go back out in the market and buy the
shares. The problem is the DTC sheets show that they?ve still got 5.2 million shares;
well let them go. I don?t care what they have. Let them go back to the market and
sell the shares and buy the shares back, like anybody else would have to do.
Tom: So if they have 5.2 million, they would give you back the 5.2 million and then
they?d need to go out and buy 2.8 million?
John Ehrman: That?s correct. I will accept nothing less.
Tom: All right. Now, on the 31st of October, you announced that you were buying
back 8 million shares of common stock. Does this have anything to do with this
particular lawsuit that you mentioned before, and I ask this simply because of the
share amounts are exactly the same ? 8 million shares ? or is this just simply a stock
buyback of 8 million shares?
John Ehrman: No, I?ve targeted the 8 million shares because I think it?s time to pull
these shares back in. It?s going to take a long time to go through the court system.
So, let?s just go out there and I?ll buy the shares back now and as I said, it?s a
ridiculously low price, and the more I can reduce the float the better all my
shareholders are going to like it.
Tom: And in addition, if these characters have to buy the stock back, the 2.8 million
shares, then they are going to have to buy it back at a significantly higher price, one
would think.
John Ehrman: I would hope so, yes.
Tom: All right. Where does RMEC stand right now with regard to revenues and
profits, and I know that you?re awfully close, you?re right there with the acquisition
of the 59 billion cubic feet of gas reserves from United States Oil Company?
John Ehrman: Our year end was September 30, so for our year end no one?s going
to really see anything of any note because we only went public in June, so you?ve
only got about 90 days of operation going for our year end that just ended on
September 30. However, because we made the acquisition on September 23, we
are poised to show profit in the first quarter of our current fiscal year, which would
be the end of December. I believe that the profit is going to continue to build on this
as well as other properties. I think that for this year, with the development that we
have planned, I think looking at somewhere between .40 and .50 per share is a
reasonable number.
Tom: Where do you expect RMEC to be financially two years from now?
John Ehrman: I hope to be sitting on 1 trillion cubic feet of gas reserves, and we are
taking the steps to get us there. If what I talked about earlier with this other OTCBB
company and the financings that I eluded to, should put us in the ¾ of a trillion cubic
feet range, and once you?re at 1 TCF of gas, you are talking about net assets
proved reserve value, but not gap that I?m talking about, just kind of net future value
of somewhere over a billion dollars, which means then you?re off of there. The one
thing that I would point out is this acquisition of this other company, which I?m not at
liberty to disclose yet, will put us into a position where we qualify to get off the
OTCBB. Frankly, that?s something I want to do. I want to get off the OTCBB.
Tom: Well that certainly makes sense. Finally, my last question is what makes
RMEC a good investment?
John Ehrman: Frankly, at the current price we?re at, I don?t see how anybody who
knows what I know about the company ? and obviously what I know is considerably
more than I can say at this time, and the proof?s in the pudding. I?m voting with my
checkbook because we?re buying our shares back as we speak ? the current price
makes it a very attractive investment. There?s only one place this thing can go; it hit
so low as a result of Mr. Russo?s dumping of shares, that there?s only one place it
can go, and that?s significantly north from here. So I would say at this point, the
news that?s about to come out, people would be hard put to find fault with coming in
on a .045 or .05 cent stock, that should be many times that multiple right now. I?d
say that?s the thing that makes it attractive in the short term.
In the long term, our reserves are all long-term reserves. Our fields are all 20-25
year well lives, so unlike an offshore company that has ? and when I say offshore I
mean offshore oil fields ? they have very, very high cash flows, three years down the
road you?re replacing them or the cash flows are gone. Whereas in the Rocky
Mountains your 20-25 year well lives, you?re going to do very well over the long term
because it?s steady as a rock and you can build a company on that. So in the short
term and the long term, Rocky Mountain is an attractive situation.
Tom: All right, John. We want to thank you very much for taking the time to do this
interview. We?re certainly going to follow this story as it develops here and we
certainly wish you the best of luck in getting your 8 million shares back.
John Ehrman: Thank you.
Commitment to Expansion
Rocky Mountain Energy Corporation
333 N. Sam Houston Pkwy. E.
Houston, Texas 77060
NEW USE FOR THIS BOARD:COMPLAINT LINE
LET'S USE THIS BOARD TO POST MESSAGES THE OTHER BOARDS WON'T POST.
LET'S GET ROWDY.
IT'S ABOUT TIME SOMEBODY TALKED BACK TO ALL THESE CORPORATE BRATS LYING AND CHEATING PEOPLE OUT OF THEIR MONEY.
SAY WHAT YOU WANT ABOUT ANY COMPANY YOU WANT.
2 POINTS TO THE FIRST PERSON TO NAME THE MAN WHO SAID, "I'M MAD AS HELL, AND I'M NOT TAKING IT ANY MORE!!!!"
SO LET'S HEAR IT.
WHO'S GOT THE GUTS TO TELL THE TRUTH??
LET'S NOT BE "KINDER AND GENTLER".
LET'S NOT "GET PAST THIS AND MOVE ON".
THROW TOLERANCE OUT THE WINDOW AND HAMMER THEIR BUTTS INTO THE GROUND.
COMPLAINTS MADE HERE THAT LOOK GOOD WILL BE FORWARDED TO PROPER AUTHORITIES. "LOOK GOOD" MEANS VERIFY AND DOCUMENT YOUR COMPLAINT.
OK......STEP RIGHT UP FOLKS........WHO'S FIRST......WHOS' GOT THE GUTS TO STOMP ON THE FIRST TWINKIE?
Sounds like they're going to open up a can of legal-whoopass on this one. Ha ha ha ha ha................
It would be nice to see some of the investors get their money back, while the crooks get drop-kicked into the slammer.
John
Acidpro, Furrgus is lying bashing
LOCH REPOST:
This was sent to the Houston FBI, Ft. Worth U.S. Securities Exchange Commission, and the Texas Securities Board.
To whom it may concern:
I read the "Priorities" of the FBI on your Houston web page. I also read your "Fugitives" pages. This case falls in line with what your office does.
I represent 59 investors, past employees and Corporate Officers who have asked me to investigate possible violations of securities laws and investment fraud in an Oil and Gas scheme by a company in Humble Texas. Approximately 35 of those investors, at an average investment of $26,222, have placed nearly $1 million. I have a list of 300m/l names of investors and have been told by several office employees that there are 1,000 m/l investors in total. At $26,222 on average investment, the amounts taken can be $8,000,000 plus up to $26,000,000 plus. It costs less than $100,000, up to $200,000 to drill and complete an Oil Well on the properties involved.
A complaint has been filed with the Ft. Worth District Securities Exchange Commission, but they appear to have little or no interrest. Rhonda Blair of that office "forwarded it to" the Texas Securities Board in Houston. Investors have filed complaints there for several years to no avail, and have genuine reason to believe that that office may be complicit in assisting the company to avoid prosecution. We ask that this case be handled with the utmost discretion.
The nature of this case is:
1. Hundreds of investors around the country.
2. Apparently millions of dollars invested.
3. 13 years and little or no return.
4. A contemplated merger with a public company, NeoMedia Technologies that may be a $1 Billion "pump and dump" scheme.
5. Loch Energy has recently been exchanging investors "Working Interests" and Royalty Interests" with stock in Loch Energy at an exchange rate of $14 worth of stock for the $14,000 invested to purchase the Oil Interests.
I can send you a copy of the synopsis that was sent to the Ft. Worth SEC as well as a 14 page chronology of weekly reports that I have made to investors since May 2003.
Several past employees, Corporate Officers, and a past CEO as well as 40 investors are willing to assist you in an investigation.
The names of the companies, all controlled by the same man, Douglas Ashworth are:
Loch Energy, Inc.
Sterling Redfern Corp.
Ashworth Energy.
These are links of interest:
Harris County Clerk: http://www.cclerk.hctx.net/coolice/default.asp?Category=RealProperty&Service=rp_inquiry This link shows property transfers for Harris County showing hundreds of transfers to hundreds of investors. Type in the above 3 names as "Grantor"
cc_inquiryhttp://www.cclerk.hctx.net/coolice/default.asp?Category=CCCourtAtLaw&Service=cc_inquiry This link shows 22 lawsuits against the entities mentioned above. Additionally there are currently 3 investor's, 4 past employee's, and one creditor's lawsuits being prepared by 4 different Law Firms in Houston. Type in the above 3 names as "defendant".
NeoMedia Stock Price http://www.otcbb.com/asp/quotes.asp?Quotes=neom
NeoMedia Technologies, Inc. Home Page http://www.neom.com These two links show stock trades and how the price flucuates after NeoMedia issues Press Releases about Loch Energy that have been proven by The Texas Railroad Commission to be not correct.
There is, so far, one magazine in Texas, and 2 TV News stations in Houston interested in this story.
Regarding the merger of Loch Energy with NeoMedia Technologies, 2 questions being asked are, "Why would Loch Energy, supposedly worth $400 million want to merge with NeoMedia Technologies, worth $4 million?" and "Why would NeoMedia, a Public Company, publishing erroneous Press Releases want to merge with Loch Energy with all the lawsuits and disgruntled investors?"
Please contact me at your earliest convenience to discuss this case.
Thank you very much for any consideration you may have in this case.
Acidpro, there is more to this. Every time NeoMedia issues a Press Release of the supposed merger, the stock goes up. Then the guy who sent this complaint in sends an email to all a bunch of NeoMedia execs and their financial contacts exposing the error and the stock goes down. 85% of the trades are insiders. NeoMedia pays it's rent and other bills with stock. Ferrgus and HarryOsborne say Loch will use NeoMedias money to produce Oil, and NeoMedia will use Loch's money to develop NeoMedia. Which is it?? And none of NeoMedia'ss Press Releases address the real question: Hundreds of Investor have purchased Working and/or Royalty Interests. Those private investors own legal title to the oil, NOT LOCH. The big question is: How much of that supposed Oil does Loch actually own?? They won't say.
The thing to do, if you're interested is to get ahold of the guy who sent the complaints in that represents 50 of the Loch investors at markmcgrews@aol.com He has told NeoMedia all this and more and they won't respond. It tells me they are in it thick as thieves. Good Luck.
ted66
would you please repost that information about loch energy on this rmec board. i would like to investigate.
thanks, acidpro.
SEC vs. Rocky Mountain Energy
This is what's going on with Rocky Mountain Energy.
The whole story here:[b/]
http://www.sec.gov/litigation/litreleases/lr18069.htm
Basic story here:
U.S. Securities and Exchange Commission
Litigation Release No. 18069 / April 3, 2003
S.E.C. v. Rocky Mountain Energy Corporation, Inc., John N. Ehrman, W. Roderick Johnson, and John W. Ehrman, Jr. (Defendant Solely for Purposes of Equitable Relief) Case No. H-03-CV-1133 (U.S.D.C., S.D. Tex.)
SEC Halts Fraudulent Stock Manipulation Scheme Orchestrated by CEO and General Counsel of Rocky Mountain Energy Corporation
On April 3, 2003, the Securities and Exchange Commission ("SEC") filed a lawsuit in U.S. District Court for the Southern District of Texas (Houston) to halt a fraudulent stock manipulation scheme involving Rocky Mountain Energy Corporation, a Houston-based oil-and-gas company whose stock is quoted on the OTC Bulletin Board (symbol, "RMEC"). U.S. District Judge Sim Lake granted the SEC's requests for a temporary restraining order and an asset freeze against Rocky Mountain, its CEO, John N. Ehrman, and its General Counsel, W. Roderick Johnson, Sr. The Court also appointed a temporary receiver to take control of Rocky Mountain and the assets of Ehrman. The complaint also named John W. Ehrman, Jr., Ehrman's father, as a relief defendant to recover proceeds from the alleged fraud in his possession or control.
The complaint alleges that, from July 2002 to the present, Ehrman and Johnson used four bogus share-exchange transactions to secretly obtain control of approximately 50% of Rocky Mountain's issued and outstanding stock. Additionally, it is alleged that Rocky Mountain and Ehrman issued a stream of glowing but false and misleading press releases to artificially inflate the price and trading volume of the company's stock. The press releases and other promotional statements, touted numerous "acquisitions" of valuable oil-and-gas properties, or agreements to acquire such properties, along with expected revenues and other benefits from the acquisitions. The complaint alleges that Rocky Mountain had neither the assets nor the financing to complete these acquisitions. Concurrent with the misleading public announcements, it is alleged that Ehrman and Johnson dumped more than $800,000 of Rocky Mountain stock into the unsuspecting marketplace.
Caz,
I don't know if you still read this board or check in but.....
Who will apologise? Isn't that a question you were so keen on having answered.
You were pretty quick to jump on others but sure ran away with your tail between your legs when it was discovered who should be doing the apologising.
"So I then asked, if you claim yourself to be someone responsable, don't you think it makes sense to have that kind of verification?
He then went on to say that he jumped to the wrong conclusion.
I asked him "Who will apologize?"
The companys' reputation, Johns' and investors' sentiment
along witht the share price end up paying the price of the "misinformation."
I then asked "Who would benefit from spreading a rumour like this?"
The answer is clear."
Just had to get that off my chest cause I can't stand these 'holyier than thou' posters who alway try to come off as being anything but full of BS. Kaz was wrong about many things. I guess his faith was either blind or misplaced. Either way, rereading his last posts to me is entertaining.
I understand that RMEC quarterly profits increased by 414%. Good news and this could change things around . Also, Iheard they are digging wells.
THERE IS A NEWS RELEASE.
I am also wondering if this is ever going to do anything. I bought this on the news of new find and the high volume it trades. It looked like it was pretty solid, but now sure doesn't look to be doing anything. Well, I didn't put too much into it, so maybe I will just let it sit and hope that it goes up someday 8)
What the heck is going on with this company. Haven't heard or seen any news for a month. Whatz up if anything?
I bought this on the news of a new gas find. And it trades high volumes. But I am starting to think it was a bad decision. I am now just holding out to see if anything happens???
Anyone else holding on just for the chance that it might do something?
I just can't find any info on the SEC investigation and how badly the company was hurt..even at this price, is it a BUY.
I am already in too deep..
Talleynet , what is your reasoning about anything positive with this company? It sounds shakey to me!!!!!!
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