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This was posted on 9-10 on the Jericho website:
JERICHO ANNOUNCES CHANGE IN STATUS
Jericho Energy Company announces that it is not currently trading on the Pink Sheets Quotation. The reason for this change is due to the failure of the predecessor shell company to file annual reports. This is despite the fact that those filings are not required on the Pink Sheets Quotation.
All shareholders of record will remain on record on the books of the corporation. The company will continue with its public disclosures, including financial information, on its public website (www.JerichoEnergy.com). Information regarding drilling activities will also be updated. The company will also publicize updates as to the status of all future filing activities as to returning to public trading and dividends.
The company knew if the didn't file the paperwork they would be knocked of the exchange....same thing as withdrawing.
The SEC revoked JECI the company did not withdraw. Pena the officer and legal council of JECI even represented Goerree years back when he was sued in another beverage deal.
As with the other one, they are incompetent business men who cannot do some simple due diligence or they are in on it, take your pick........ That can also apply to the IR, either incompetent, in on it or has not enough morals to avoid obvious scams.....
OT
Ranger yes its an English firm they own 7.1 Mil shares now as per a filing last week. There are around 10 Mil shares short still. The float is something like 24 Mil. If the shorts feel that a buy out is on the way then expect them to cover up to around $2.25
Ranger, he feels that within a few weeks an off shore Bank will make an offer on BKUNA. He feels it will be under $5.00 a share maybe even $3.00 so @ .72 makes BKUNA a sweet runner.
whistles, I agree with you about AQUI & JECI. When I spoke with Steven on Friday I told him that Goeree is a pathalogical lier and that we all fell for his AQUI hook line and sinker. JECI is a real Company though and its the Company that pulled off the market to get away from that scum scam Goeree and his slime ball shell as he was going to screw JECI over just like he did with AQUI.
EDS said to take profits when it was up 500%....I don't care if it is at a penny now....I made 10's of thousands.
Up until 5 days ago it was well over a buck....read charts much?
Stormy,I know that a major firm is buying the common stock like hotcakes and that would not be done if it was going to fail.
When I spoke to him Friday he said expect BKUNA to get bought out
Anyone could see where JECI was going it was OBVIOUS, guess he did not learn from AQUI? (which he touted down, down, down.....)Same crew behind them, the history speaks well, now 2 revoked, one passed to DOM fraudsters and another on its way. Great friends EDS has been propping, it seems.LOL
700% ehh so he picked the exact bottom to the cent, BS.... It made a bounce on shorts covering and is almost back at the same level.
Whistles,
First of all both PWDR and AQUI had great gains while he was IR for them. A company failing is IR's fault? Even you can see that is a stupid statement. Did you read his newsletter on BKUNA? He said it was very speculative and not for the faint of heart....and it went up 700%...if someone does not want to take profit (which he advised in his second newsletter) and the bank goes under that is their problem.
By the way you can only DD a company so much as IR as you are certainly not privy to visually seeing contracts and such.
And that is EDS's fault how??
Funny you never mention his 700% gain in BKUNA in 5 days??
Great job on JECI (and many others) EDS did so you push more of his garbage here, shameful.......
Cedric Lewis. The lawyer from AQUI, supposedly he was at the investor meeting. Goeree and Mahdiv used when doing the filings for WRII and ONMC, but seemed to ditch him on JECI.
Went back to Pena
Oh ok I see. Never thought I would ever say thanks to you whistles
THANK YOU VERY MUCH INDEED. Sorry I ever doubted you.
Birds of a feather, they go back 3-4 years IIRC. Even have the same office addy.(virtual of course)
Cedric? I never heard of the guy. Is he English?
wonder why Cedric didnt go with him on this one.. Was it Cedric who botched the AQUI filings?
Please tell me what Mark Pena did wrong except being a slime bucket lawyer. Shheehh all lawyers are slime buckets?But he is a lawyer that gets paid retainers from Goeree.
You obviously did not look too deep. JECI's legal council and officer Mark Pena is in cahoots with goeree. He goes back to RENW with its megamillion deals LOL
I checked on the Jericho Management. They are real. I checked on the Utah leases and they two are real. The problem is they ran into the wrong kind of guy with devious ideas on how he can fleece these folks. Maybe we should invest privatly in these Jericho. 9% WORKING INTEREST sounds fair.
I actually figured this one would have been his best push, simply for that reason. However, this one ended before it really started.
Another great post of the day. I could not agree more. never seen
anything like this before but of course he will blame it on someone else like he has done with every R/M. The more I learn about him the more I wanna slap myself silly for ever investing in his so called Companies.
I thought Goeree was the company.. his name is on everything.
scammy shell broker=scammy shells=scammy companies
Is there a goeree 504 for this one also?
Why silly? If the proper paperwork was filed by the COMPANY (which they had plenty of time to do since they have had the shell)this would not have happened. What does the former shell owner have to do with that?
That is a silly distinction to make. The shell never had a 15-12g filed so the SEC revoked it just as almost 2 months to the day they did the same to one of the "sister shells"
With all of Pena's experience you would think he would have a clue? how come every shell his pal Goeree touches and comes from Rodriguez goes to crap? funny how that works 100% of the time. 2 revoked 1 toast (passed off to the DOM fraudsters now) and another almost toast. All in one year.
whistles,
This has to do with company management/legal team not filing the proper forms with the SEC. It has nothing to do with the "shell"
The SEC has revoked company. It was another one of the scammy "Jesse Rodriguez" shells.
Nice job SEC :) Good to see some action on this crew.
Can anyone please tell me what has happen i just check my acc it show zero i went to pinksheet it say not there when i pull it up it say revoke how in the world can somthing like this happen just when thing were looking good. From what i have come up with so far it look like one of the office didnt keep up there filing to cause this damage i hope they can get this fix in a hurry or law sues will be flying i be one of them i go after them personally. Does anyone have any other information maybe this a mistake that will get clear up .
thanks
Not good. We are no longer publicly traded....lets see how this plays out.
http://sec.gov/litigation/admin/2008/34-58493.pdf
ORDER MAKING FINDINGS AND REVOKING REGISTRATION OF SECURITIES PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934 AS TO SUNBASE ASIA, INC. (n/k/a CENTIRE INTERNATIONAL, INC.)
I.
The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors to accept the Offer of Settlement submitted by Sunbase Asia, Inc. (n/k/a Centire International, Inc.) (“Sunbase” or “Respondent”) pursuant to Rule 240(a) of the Rules of Practice of the Commission, 17 C.F.R. § 201.240(a), for the purpose of settlement of these proceedings initiated against Respondent on August 15, 2008, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”).
II.
Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the findings herein, except as to the Commission’s jurisdiction over it and the subject matter of these proceedings, which are admitted, Respondent consents to the entry of this Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Sunbase Asia, Inc. (n/k/a Centire International, Inc.) (“Order”), as set forth below.
III.
On the basis of this Order and Respondent’s Offer, the Commission finds that1:
1.
Sunbase (CIK No. 95626) is a Florida corporation located in Tampa, Florida with a class of securities registered with the Commission under Exchange Act Section 12. On March 5, 2008, Sunbase changed its corporate domicile from Nevada to Florida and changed its name to Jericho Energy, Inc. As of August 27, 2008, the common stock of Sunbase (symbol “JECI”) was quoted on the Pink Sheets.
2.
Sunbase has failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder because it has not filed any periodic reports with the Commission since the period ended September 30, 2000.
IV.
In view of the foregoing, the Commission deems it necessary and appropriate for the protection of investors to impose the sanction specified in Respondent’s Offer.
Accordingly, it is hereby ORDERED that:
Pursuant to Section 12(j) of the Exchange Act, the registration of each class of Sunbase’s securities registered pursuant to Exchange Act Section 12 be, and hereby is, revoked.
For the Commission, by its Secretary, pursuant to delegated authority.
Florence E. Harmon Acting Secretary
13:45 JECI Jericho Energy Company, Inc. Common Stock (FL) 9/10/2008 100 12(j) Registration Revoked by SEC **
Kool, and it looks like only me an you are here to reap the profits
Looking real good.... if the spread can close toward the ask side. Looks like things are heating up.
Ranger8...........ya watching today? It way up
Also, please note it only takes a small amount of buying to move this
Looks like we have a handle forming now. Handle takes 2 - 4 weeks to form. Timing is about right.
This thing has got a nice cup forming. Anyone else see it?
Chart looks like its heading for a pincher play
Nice close yesterday......love to watch it climb some more today.
Week ain't done yet. he he he he he
I like the way u guy think aim long aim pretty happy with the way we coming back would love to see some more vul let see how thing play out next month.
So when do you think? Nice small buying this AM
Agreed Markss... this one is going to run......
I'm looking for .40 short term and a handle forming soon for blast off....JMHO
Its a head fake in this market!
It's all about the charts......& DD
I'll bet we have some slow accumulation at this level and by the mid of Sept. we see the next leg in this company. Hopefully we'll see a nice promo coming.
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Jericho Energy Corporate website:
http://www.jerichoenergy.com/aboutus.cfm
Jericho Energy, Inc.
405 South Dale Mabry Highway #314 Tampa, FL 33609
Ticker symbol: JECI.PK
Jericho Energy, Inc. is a fully reporting pink sheet company:
http://pinksheets.com/pink/quote/quote.jsp?symbol=jeci
Read the following article about the history of the area where Jericho Energy is drilling for oil...
http://www.piol.com/journal.pdf
Why Jericho Energy is different from many other
exploratory drilling companies....
It is important to know the difference between developmental and exploratory drilling. Exploratory wells are attempts to find new oil and gas fields, whereas development wells expand or more fully tap into a known oil or gas reservoirs.
Since we have the appropriate technology, we will explore. In time, our technology may become the industry standard, and the word "wildcat" may apply to non-radiometrcially surveyed drilling. All of our prospects are classified as exploratory in nature, but they are not "wildcat" since we have the radiometrics data advantage. Our prospects are separated geographically from existing oil and gas production, but they are not always separated geologically or radiologically. Therein lays the difference from "wildcatting."
With reserve prices going higher, the economics of exploration with radiometrics are compelling. We are reducing the finding costs and everything associated with the actual drilling and the completion risks. While there is a higher drilling risk associated with an exploratory well than with a development well, the reward potential with a successful exploratory well far exceeds the upside of any developmental well.
Company Goals
We have put together a 11,000 acre major lease prospect in the Rush Valley region of Utah with room for over 75 wells.
We believe the property holds more than 750 million barrels recoverable at the conservative end and 1 Billion barrels recoverable at the optimistic end.
We will only explore prospects where the geologic target formations are known to produce oil and gas in geographically separate, but analogous, fields. We will only drill where the radiometrics tell us commercial hydrocarbons are present.
Our expert team of scientists, researchers, and managers brings together the best minds in the industry to firmly lead the way in our exploration with radiometrics for oil and gas reservoirs.
The Jericho Energy Management Team :
Robert Dunbar, Geophysicist
Mr. Dunbar was hired directly out of college by Amoco as a geophysicist in 1957 when major oil companies were just starting to hire such specialists. After 16 years with Amoco, he spent ten years with Diamond Shamrock as a senior geophysicist. Mr. Dunbar has vast experience in many domestic oil and gas regions and with virtually any technological tool that exists in the industry. His geologic evaluations incorporate seismic studies, studies of well log data and well core samples, gravity studies, and his proprietary Advanced Radiometric surveys. His experience with seismic interpretation and his confirmation techniques have enabled him to come into contact with many regional geologists and geophysicists who have hired him to consult on their projects. This has given him a truly continental view of exploration plays and what we believe to be the largest exploratory projects in the United States. Mr. Dunbar will be paid for his expenses going forward. All his work to date for the Company for the past three years has been contributed. Without his years of work, this offering would not be possible.
Russell Hilbourn, Head of Production
Mr. Hilbourn brings an extensive knowledge of the oil and gas exploration and drilling industry.
Mr. Hilbourn's notable accomplishments include:
Battle Mountain Gold- power generation, mining equipment start-up, new facility
Amoco North America- O&M contract for all power generation and refinery maintenance for Western US
Texaco- maintenance contract for power generation and oil refineries
Refinery maintenance contracts for Mobil, Conoco, Amoco, Total, Chevron, and Valero.
New Construction (Power or Sub-Stations), Kennecott Copper, DOD US Gov. Malmstrom AFB, Pueblo Depot, NORAD, Peterson AFB, Travis AFB, Fort Calhoun, Camp Pentleton, White Sands Missile Range, Fort Carson and others.
International Projects: Belize-power generation and transmission start-up, sub-stations, fuel depot; Guatemala, power generation both Hydroelectric and oil fired, Nicaragua generation and sub-stations, mining equipment construction and start-up; Panama, El Salvador oil fired generation; Costa Rica- Transmission and Sub-Stations; Brazil, Argentina, Chile, Peru-Small generation, sub-stations and start-up. Ecuador generation Aeroderivative and sub-station. Several Caribbean projects for engineering, power generation, sub-stations power plants and crude oil facilities and power plant start-up consulting.
Joseph Abdo, Vice President - Marketing/International Relations
Donald Metcalf, Production
Donald has 48 years of experience as a production supervisor and engineer, having served with companies such as Sun Oil and Pennzoil. Mr. Metcalf has been involved in dozens of plays in the mid-continent and Gulf regions and has an encyclopedic knowledge of how to produce oil and gas wells.
Inside Management: Legal and Financial
ROBERT J. REYNOLDS, PMP
Mr. Reynolds began his career with the International CPA firms of Ernst & Ernst and Arthur Young. He has Audit, Tax and Management Services experience working with Fortune 500 firms in Oil and Gas and Manufacturing.
He was named World Wide Cost Accounting Coordinator for Phillips Chemical Company and later Systems Planning Staff Director. As World Wide Cost Accounting Coordinator, he designed and implemented all continuous flow cost accounting systems for refineries and petrochemical plants and as Systems Planning Staff Director, directed the planning and budgeting for information systems throughout the US and Europe-Africa. While at Phillips Petroleum he assisted in the negotiations with foreign governments for development of petrochemical plants in Europe and Africa.
For the past 15 years, he has been a management and financial consultant to both private and public firms as well as state governments. He has managed numerous professional service projects including: implementation of automated systems; review and development of corporate policies and business procedures; and the development of growth and financial forecasts.
He managed a portion of the Governor Hickel's Organizational Efficiency Task Force and coordinated the development of the efficiency review report for the executive branch of government for the State of Alaska. He was personally responsible for the efficiency reviews of the Departments of Law, Administration, Revenue and The Office of the Governor. This task force was initiated by Governor Walter J. Hickel and presented to the Alaska State Legislature in July, 1992 with 512 items that could save the State of Alaska over $200 million annually.
He authored the financial section of a proposal to Alyeska Pipeline Service Company for maintenance and construction services for the Alaska Pipeline. This proposal was successful and the client received a multi-year contract in excess of $20 million annually.
He has served in executive capacities (President, Vice-President of Operations and Controller) of several companies. He has also held similar capacities in companies during reorganizations, hostile takeover attempts and unexpected losses of key personnel. He is currently the Managing Member of a Real Estate Investment firm that deals in apartment complexes and raw land development and owns his own management consulting firm.
He hold A.A.S. and B.S. degrees in Industrial Technology and Accounting respectively. He is a member of Beta Gamma Sigma and Beta Alpha Psi and holds the designation of Project Management Professional (PMP) from the Project Management Institute. He has also been a member of the American Institute of Industrial Engineers (AIIE). He has taught Business Management, Accounting and Business Logistics classes at the university level and is a university guest lecturer on "Project Management as a Career" for senior level and Masters Degree candidates.
Mark E. Pena - Corporate and SEC Law
Mr. Pena graduated from Stetson University College of Law, his honors included: Honor Roll, John O. Weihl Award Scholarship Recipient representing top student of class in Trial Advocacy/ Mann Award Scholarship Recipient representing Character and Leadership in the practice of law, Student Bar Association President/ American Bar Association Young Lawyer as Division Leutenant Governor.
Mr. Pena also attended Rutgers College, New Brunswick, NJ, Union College, Cranford, NJ, University of South Florida, Tampa, Florida. His honors included: Dean's List, Member: Pi Gamma Mu International Honor Society.
He was a Teen Court Judge, Hillsborough County Bar Association Troubled Teen Youth Program.
As an Attorney/Solo Practioner, Law Office of Mark E. Pena, P.A., Tampa, Florida he was admitted to Practice: July, 1994. He is a member, Florida Bar, Federal Middle District of Florida, 11th Federal Circuit Court of Appeals., American Bar Assoc./ Member International Law and Business Law Divisions. His primary areas of practice include general corporate transactions, structure and litigation, commercial transactions, civil litigation, international law. Past practice includes insurance defense, first party contracts, and employment. He was also a Former Senior Partner/ Law Office of Pena & Thomas, P.A., Tampa Florida, Former Special Assistant Florida State Attorneys Office, Prosecution Clinic, Pinellas County, Florida.
Corporate representation included: Armor Insurance Co., Progressive Insurance Co., Bevsystems International, Inc., Staff Suppliers Inc., Corrosion Control Specialists, Inc., Nextrade Inc., Gulf South Income Properties Inc. d/b/a Best Western, Southeastern Income Properties Inc., d/b/a Howard Johnsons/Orlando., DTNet Technologies, Inc. DTNet International, Inc., St. Mary's Parish, Polish Catholic Church, St. Petersburg, Florida., Gulf West Property Development LLC, N B Financial LLC. Counsel of record in over 400 civil litigation cases throughout the State of Florida and Federal Districts.
Lior Segal - Financial Accounting and SEC Reporting compliance
Mr. Segal has been Chief Financial Officer for two different publicly traded companies. He is also Senior Partner at the Law Firm of Segal & Schuh Law Group, and licensed to practice law in the State of Florida and the Federal Middle District of Florida. He holds a JD and an MbA degree from Stetson University and a B.S. (summa cum laude) in Business Administration with a concentration in Accounting from Montclair State University.
Nicole Propp - Project Manager
Ms. Propp has served as the manager for a consultation firm, with a focus on accounting and investment opportunities, for the last decade. She earned her B.S. in Business Management from the prestigious John Sykes College of Business at the University of Tampa in 2008 with a concentration in Opportunities Analysis and Strategic Planning.
Transfer Agent
Standard Transfer & Trust Company, Inc.
2980 South Rainbow Blvd.
Suite 220H
Las Vegas, NV 98146
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