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What became only out of this Board ??? !!!
eglfsucks !! What you defended once with clear words Insult now like a Basher (Short Seller) !!!!!
No today after stock exchanges end !!!
And now can you say what wants to say always you !!!
ScottD, Yes I know the person whom you accuse !!!
I set up never yet an incorrect email !!!!!!!!!
There are yet very many incorrect persons !!!!!!!!!!!!!!
Everyone is innocent, and has the right to the defense until its guilt is proved !!!
We are no Basher, but rather stockholders !!!
We are no judges, but rather stockholders !!!
We are no animals, but rather persons !!!
We should wait for the message of MXXR, and first then we should judgments !!!
Hello people, TXHE BANKRUPTCY ???
here is somewhat entirely interesting!
To the explanation Texhoma, is a daughter firm of Texaurus!!
If Texhoma loses its rights at Clovelly, Texhoma are as well as also Texaurus as good as BANKRUPTCY!!
For Texsaurus and therefore also Texhoma 8.5 million dollars have GUILT in LAURUS MASTER FUND, LTD, which in annual rates a 10,25% To pay of the total sum from 29 Novembers 2006 at!!
You can take the remainder out of the Berich further below!!
Clovelly, TXHE, Laurus Master Fund, and MXXR
For the record, I restate my assertion that MXXR's and TXHE Clovelly "deal" was solely for Bargaining Purposes. TXHE needs the revenue from Clovelly as much as MXXR
The 28-Feb-2007 10QSB/A discloses a signficant venture capital investment: "On March 28, 2006 (the "Closing"), Texaurus entered into a Securities Purchase Agreement ("Securities Purchase Agreement") with Laurus Master Fund, Ltd. ("Laurus"); a Registration Rights Agreement with Laurus ("Registration Rights Agreement"); issued Laurus a Common Stock Purchase Warrant (the "Texaurus Warrant"); entered into a Master Security Agreement with Laurus; sold Laurus a Secured Term Note in the amount of $8,500,000 (the "Note"), and entered into various other agreements described below. Additionally, in connection with the Closing, we issued Laurus a Common Stock Purchase Warrant (the "Texhoma Warrant")..." [2]
The 10QSB/A reports that TXHE used the proceeds of this deal with Laurus to buy an interest in the Edgerly field. "On March 28, 2006, with an effective date of January 1, 2006, Texaurus closed a Sales & Purchase Agreement to purchase certain interests in the Barnes Creek gas field and the Edgerly field from Kilrush Petroleum, Inc. Texaurus paid the $5,225,000 purchase price with proceeds received from its sale of the Secured Term Note with Laurus."
The Laurus investment came with strings attached. The 10QSB/A states that the Laurus investment took the form of a note - i.e. a loan. The 10QSB/A states: "In connection with the Securities Purchase Agreement, Laurus Master Fund, Ltd. ("Laurus"), purchased a $8,500,000 Secured Term Note from Texaurus, which bears interest at the rate of 10.25% per year (as of November 29, 2006), which is due and payable on March 27, 2009, and which principal is repayable by way of a production payments equal to 80% of the gross production revenue received by Texaurus in connection with the Intracoastal City Field, the Edgerly and the Barnes Creek Properties." [3]
It is an open question whether TXHE will be able to repay the Laurus note. The current revenue stream does not appear to be sufficient. According to the 10QSB/A:
"In connection with the Securities Purchase Agreement, Laurus Master Fund, Ltd. ("Laurus"), purchased a $8,500,000 Secured Term Note from Texaurus, which bears interest at the rate of 10.25% per year (as of November 29, 2006), which is due and payable on March 27, 2009, and which principal is repayable by way of a production payments equal to 80% of the gross production revenue received by Texaurus in connection with the Intracoastal City Field, the Edgerly and the Barnes Creek Properties."
"There can be no assurance that we will have sufficient funds to pay any principal or interest on the Note when due on March 27, 2009, if such repayment amount is not sufficiently covered by the payment of production proceeds to Laurus, as described above. If we do not have sufficient funds to pay the total remaining amount of the Note (after taking into account payments of principal, which we may not have sufficient funds to pay) when due, we will be in default and Laurus may take control of substantially all of our assets (as described in more detail under "Risks Relating to the Company's Securities"). As a result, we will need to raise or otherwise generate approximately $8,500,000 to repay the Note (not including any adjustments for payment of principal in connection with production payments paid by Texaurus) by March 27, 2009. If we fail to raise this money, we could be forced to abandon or curtail our business operations."
In connection with this investment by Laurus, it appears that Jacobs put more of his own money into the company. "Frank Jacobs, our Executive Chairman and one of our Directors, and the President, Chief Executive Officer and a Director of Texaurus provided $300,000 of personal funding to Texaurus in connection with the funding, by way of a subscription for 7,500,000 shares of our common stock at $0.04 per share."[4] The fact that an insider is apparently putting more of his own hard cash into the company could suggest confidence that management does have a realistic hope of turning this company around.
The currently claimed revenue stream is about $2.88MM per year. 80% of that belongs to Laurus or about $2.3MM per year. (Note that this leaves only about $500K in cashflow to be retained by the company.) The Laurus note is due in March 2009. Two years of revenue off the existing production will only cover about half of the debt to Laurus. Presumably the insiders at TXHE are not stupid. Presumably the folks at Laurus aren't stupid either. The insiders have stuck with this company for quite some time even in the face of no revenue at all until now. They must have some plan for covering the other $4MM.
Form 8-K for TEXHOMA ENERGY INC
--------------------------------------------------------------------------------
25-May-2007
Entry into a Material Definitive Agreement, Change in Directors or Principal O
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On or about May 15, 2007, Texhoma Energy, Inc. ("we," "us," and the "Company") entered into a Letter Agreement with Matrixx Resource Holdings Inc. ("Matrixx") to sell its 11% working interest in the property known as the Clovelly Prospect (the "Clovelly Prospect") for $150,000. In connection with and pursuant to the Letter Agreement, we expect to receive an earnest money deposit of $25,000 on or about May 25, 2007. The deposit is not refundable to Matrixx unless there are significant title defects in connection with the Clovelly Prospect which cannot be cured, regardless of whether Matrixx moves forward with the purchase.
--------------------------------------------------------------------------------
The Letter Agreement anticipates the closing the purchase of the Clovelly Prospect to close on or before June 30, 2007, at which time the remainder of the purchase price shall be paid by Matrixx. The effective date of the purchase will be May 22, 2007.
We are also currently in the process of finalizing a Management Services Agreement, and a Joint Venture agreement, and forming a separate Joint Venture company, which agreements and which Joint Venture company have not been finalized to date.
1.) 25-May-2007 Form 8-K for TEXHOMA ENERGY INC
2.) 25-May-2007 In connection with and pursuant to the Letter Agreement, we expect to receive an earnest money deposit of $25,000 on or about May 25, 2007.
Why does TXHE bring its 8-K report at the same day where the first payment by MXXR, and not first after the payment ??
3.) The effective date of the purchase will be May 22, 2007.
4.) We are also currently in the process of finalizing a Management Services Agreement, and a Joint Venture agreement, and forming a separate Joint Venture company, which agreements and which Joint Venture company have not been finalized to date.
If I intend to establish a Joint Venture company with a firm, why I not arrange myself with this firm ??
These are only my thoughts !!!!!
And what is if TXHE must correct its report ???
And what is if the stockholders because of an incorrect report, your shares have in panic sold ???
I hope only, everyone has and will make the correct !!!
The Monday will bring us the truth !!!!!
I will not publish the credibility of my words through an enamel, prove or justify !!!
Every stockholder will be able to see the truth on Monday !!!!!
Hello channelislandssurf, I think TXHE, somewhat incorrectly interpreted in its report and must us we, for whom hard words, with MXXR and its advisers excuse !!!
On Monday, at the latest after stock exchanges end, the stockholders will see all clearer and will recognize your large mistake !!!
I will be then the first, which excuses itself on MXXR and its advisers !!!
Fury makes blindly and lets react us, without thinking !!!!!
Hello Moses777, I sit on 7 million shares, also my loss will be very large !!!!!
But I become against MXXR, and its advisers fight !!!!!
Hola DonLeopoldo
¡Perdí la creencia, a MXXR !!!
¡Si el lunes ningún mensaje vendrá, venderé !!!
Is the Easter Field Prospect paid, or the purchase also bursting becomes ??? !!!!!
whatsinit, I think will hear we yet more lying of MXXR !!!!!
The share more and more at value soon loses we can the ground therewith cleanly make !!!!!
If every stockholder sold its shares, MXXR can make a R/S !!!!!
jgranja, Of MXXR, never good news came, but rather only good lying !!!!!
rwa3848, Always you speak of if, if, if, that is for me personal a couple if too much !!!!!!
SORRY, Of liars will come further only lying !!!!!
Hello Moses777, Every should get off of this manure pile in order to show MXXR that the stockholders are no idiots !!!
Von Lügnern wird weiter nur Lügen kommen !!!!!
eglfsucks, If MXXR works with such means, a R/S will come already very soon !!!!!!
rwa3848, 2)If you have to max the authorized o/s share total to keep things going, then do it. You have them available to give yourself the best shot. GOOD FOR MXXR if these activities will get Clovelly started.
Will it be also good for the stockholders ???
All, what made MXXR until now for the stockholders, promises and lying were !!!
What comes as next, further lying and excuses ???
MXXR will say is promoted then oil and gas at Clovelly, and in a later report, MXXR, there says are no incomes !!!!!
pinkie, Go back into the ragingbull Board or into the hell !!!
rwa3848, I hope that you say the truth !!!
You should lying, I wish you all bad of this world !!!!!
Hello rwa3848, Your entire postings could be of John, Mike or one other adviser of MXXR !!!
Alias Born On: Monday, June 18, 2007
Is this a further tactic of MXXR so that the stockholders make yet more loss ???
This thing with that 11% of Clovelly so looks how between MXXR and TXHE arranged !!!
The alleged 11% at Clovelly, were only a tactic in order to hold the stockholders in good mood !!!
This is only the opinion of a disappointed stockholder !!!
Post #8057 $.65 cents per share from John !!! Posted by: catpuff283 Date:6/5/2007 2:36:50 PM
Here is the email of $.65 cents per share from John !!!
Posted by: catpuff283
In reply to: None Date:6/5/2007 2:36:50 PM
Post #of 8648
Email
There is no concern, we plan to drill clovelly this year and the newly acquired Easter prospect. The operator expects at least 5BCFG and up to 12 BCFG from Easter. That is $40 million to $120 million. Our 37.5% could return $15 million to $45 million. This does not include Clovelly which, now everyone expects up to $120 million. If both properties hit to our high end of expectations that is up to $165 million of $.65 cents per share.
John
eglfsucks, I am only a stockholder as well as everyone here !!!
I was deceived, like all other stockholders !!!
I believed in MXXR, but my belief was shaken now !!!
We will lose perhaps our money, but not our honor, like these bandits !!!
If these crooks had ever an honor !!!!!
eglfsucks, it agrees !!!
The number of outstanding shares is 305,198,944 !!!!!
eglfsucks, Did perhaps MXXR have to sell these shares in order to pay the obligations ???
SORRY !! , Perhaps someone tries to drive with the high share sale, MXXR out of Clovelly !!!
If I want to damage a competitor, I make the competitor at the stockholders untrustworthy!!!
These are only my thoughtsb !!!!!
Perhaps someone tries to drive with the high share sale, MXXR out of Clovelly !!!
Wenn ich einen Konkurrenten beschädigen will, mache ich den Konkurrenten an die Aktionäre unzuverlässig !!!
These are only my thoughtsb !!!!!
bama4me, And if John would send me 10 emails, I would set up no emails in this Board !!!!!!!!
John and Kon have me mislead !!!
But two bad workers, make yet no bad firm !!!!!
Sorry !!! John was with me, we drank coffee and consider how we can annoy the stockholders !!!!!
Everything wonderfully functioned, are annoyed all stockholders !!!
I will try to become a partner of MXXR !!!!!
John was with me, we drank coffee and consider how we can annoy the stockholders !!!!!
Alles hat wunderbar funktioniert, sind alle Aktionäre geärgert !!!
I will try to become a partner of MXXR !!!!!
j/r/ewing, Would seize please no party for me, otherwise are insulted also you !!!
The supposed fraud makes it everyone blind with fury !!!
eglfsucks, I never named name or personally insulted people how you do this !!!
Here some people behave, like the Basher in the ragingbull Board !!!
Annoyance and fury show the true face of a person !!!!!!!
eglfsucks !!!!!!!!!!!!!!!!!
No I am not separate in Germany in the hell and see on idiots !!!
My good or bad English comes of a translation program !!!
If you do not know, how it goes further, you become insulting !!!
I hope exactly like everyone here that MXXR is no fraud !!!
I would insult or accuse no one out of annoyance how you do this !!!
IN VERITAS MEDICAL DIAGNOSTICS, INC. Financials
EDGAR Online Financials (Wed 9:04am)
http://finance.yahoo.com/q/is?s=ivme.ob