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LPET SEC Suspension:
http://www.sec.gov/litigation/suspensions/2012/34-66445.pdf
ADMIN Proceeding:
http://www.sec.gov/litigation/admin/2012/34-66446.pdf
it looks that if get some volume, this nugget low floater really can fly , ask was very thin and DOMS moved quickly with only few shares that hit the ask..let` s see Part 2 :)
We'll have to wait and see if the action continues...
LEPT back to life ?
Form 8-K for LIONS PETROLEUM, INC
--------------------------------------------------------------------------------
14-Jul-2009
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On July 10, 2009, Lions Petroleum, Inc. ("Company") entered a Share Exchange Agreement with Heller Biotech International, Inc, a Delaware corporation ('Heller"), by which Company will issue 100,000,000 shares of common stock to Daxin Ren, the sole shareholder of Heller, in exchange for all the issued and outstanding stock of Heller. Upon the closing of this share exchange transaction, Heller will become Company's wholly owned subsidiary.
Heller was incorporated in Delaware on December 08, 2008. On March 18, 2009, Heller acquired 100% of the ownership of Heilongjiang Hongxing Science and Technology Development Co, Ltd ("Hongxing").
Hongxing was originally organized under the laws of People's Republic of China on February 03, 2004. On July 09, 2009, Hongxing entered a Consultation and Operation Agreement with Beijing Hongxing Decheng Science and Technology Development Co, Ltd ("Beijing Hongxing"). Under the Consultation and Operation Agreement, Beijing Hongxing grants exclusive right to Hongxing to manage and operate all the general business operations of Beijing Hongxing, including operating and managing a website http://www.pb178.com and providing a variety of online services and products through this website, such as agricultural products, farming equipments and supplies, agriculture related government policy information and trade news, tourism information, etc.
9-Jul-2009
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On July 09, 2009, the Board of Directors of Lions Petroleum, Inc (the "Company") approved a Consulting Agreement between Company, Jianhua Liu and Jiandong Liu ("Consultants"). Under the Consulting Agreement, Consultants shall provide consulting services to Company to seek opportunities for Company to acquire operating business in the areas of e-commerce, network services and high-tech development in the People's Republic of China. Company will issue 11,000,000 and 2,200,000 shares of common stock to Jianhua Liu and Jiandong Liu, respectively, as consideration for their services
8-Jul-2009
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On July 08, 2009, Belmont Partners, LLC (the "Seller") and Lions Petroleum Inc. (the "Company") entered a material definitive agreement with Xinggen Zhao (the "Buyer") by which Seller will transfer and assign to Buyer all the shares of common stock it owns in the "Company", representing approximately 51% of the Company's outstanding capital stock.
-Jul-2009
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On June 25, 2009, Lions Petroleum Inc. (the "Company") entered into a material definitive agreement with Belmont Partners, LLC by which a convertible debt of the Company in the amount of seventy five thousand U.S. Dollars ($75,000.00) (the "Debt") was assigned to Belmont Partners. The transaction closed on July 7, 2009. In the same agreement, a shareholder of the Company agreed to sell to Belmont Partners three million three hundred seventy-five thousand (3,375,000) shares of restricted common stock. Following the transaction and subsequent conversion of the Debt, Belmont Partners, LLC controls 51.85% of the Company's outstanding capital stock.
well i am going to keep watching it
It looks like there is a floor at 20 cents.. ;) could be a great time to add here IMO
don't count on it to soon :(
i hope that news comes soon to wake you up...i don't think sleeping on the job is the best of plans ... JK
totally asleep here.........news will make this one go.....float is very low...........
slow day but things will pick up really soon
it's what they have been waiting for :)))))))))))))
that will be big for these guys....$$$$$in the bank to drill
Private placement in the works
need some news or company updates......info has gone quiet
big move on that stock...maybe he can do the same for LPET
jontar..leading by example...........u going to buy some stock here
Undervalued Play
This is an interesting undervalued gas play with a small float (about 1.5 million). It harvests petroleum and Natural gas, they have lots of property in the States and Canada. it also has a good set of people working for them. Such as Bill Wax, their chief miner who has a 90-80% success rate. they also have Duayne Fadness, he brought western gas resources from $4 to $61! it looks like a good a 2-5 bagger from here :)
Mr. Fadness is Director and oil & gas Consultant of LPET
he took Western Gas Resources, Inc. from $4 to $61.
. He has extensive experience in this industry:
Duane D. Fadness has over twenty years experience in the oil & gas industry and is currently employed as the Land Manager of Western Gas Resources, Inc., a $3.9 billion gas giant recently acquired by Texas-based, Anadarko Petroleum. Prior to joining Western Gas, Mr. Fadness was a consultant to the Hunt family of Dallas, Texas.
In the early 1980s, he was employed as a Special Projects Landman for the Hunt family of Dallas , TX . During this time Mr. Fadness traveled extensively in the western United States and Canada negotiating drilling deals, asset acquisitions and land trades. Mr. Fadness was then involved as a founder and director in a start-up Junior Capital Pool public company trading on the Alberta Stock Exchange, which was sold shortly thereafter. He has consulted in the land, marketing, pipeline, and business development aspects of the oil & gas industry. Mr. Fadness has also developed limited partnerships, raised funding and drilled oil & gas prospects in the Rocky Mountain region. He has a Master of Business Administration Degree (MBA) from the University of Denver and is a Certified Professional Landman (CPL).
http://www.lionspetroleum.com/executiveteam.htm
LPET 52 weeks low, fundamental has not changed, I think this could be a nice rebounce play ;)
$$$ is good for everyone :)
once the company gets financing........this will run.......hard
Some nice Info from the company's PPT presentation ;)
little debt
strong ties to major independent
North American Focus
Producing wells
ambitious growth plans
Porfolios
Lavaca County
-Producing since the 40s
-25 comapnies curently drilling
-Sun Coast Technical Services Partnership
-Promising Geology
Canada Williston Basin. Saskatchewan
-Ancient Formations
-1,119 acrees leased
Wolverine District, Alberta
-Devonian, Mississippian and Cretaceous formations
-Significant gas reserves
-649 acres under lease
float around 1.5 million. Looking cheap here @ 25 cents. Market Cap is ~3.4 mil.
http://www.lionspetroleum.com/company_presentation.html
waiting for news........
stock has gone quiet again.........
Very soon.........
nice, I heard news are coming up soon! ;) -e-
.60.....no problem............going to 1.00 in the next two weeks.......at least
I need 60 at least that's my price LOL -e-
Look for a move to .55 my friend
LPET.OB - Nice bounce this past week from .19 to .45
yup, the higher the risk, the higher the reward ;) Im playing the MOMO potential short squeeze..BHUB released a news this morning, I bet it will help LSMJ
Speculation is a weird thing........hard to explain but easy to understand
Money flow is crazy on BHUB and LSMJ..LSMJ I expect it to break .001 Easily..too much MOMO around the 2 stories now
cool looking forward to that ;)
LPET should bounce this morning
yea..will do this time ;)
kahunas brother...let u r winners run
.0004-.0005
LSMJ making a bit, but BHUB I got scared ..bought @ .0006 sold @ .0007 LOL..I will hold LSMJ a bit longer this time.
what price r u in @?
LSMJ I think it could run a bit..it follows the trail of BHUB ( that one is a monsta from .0001 to .0045 recently within a month!!). I only have a small position in LSMJ so it's my lotto ticket he he
lsmj money on it -e-
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