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You called Jack a Liar, that the filing is in Nevada. Please give me the website so I can look it up myself. If it's true, I'll call Jack and ask him why he lied to me, then I let everyone know what he said. However I need the web address first to look this up.
Thank You
Don't believe this 2 Billion Share Authorized. I called up the company this morning and spoke to a guy named Jack. He said that they did not change authorization to 2 Billion.
Bow1 - If I read this right you think if they lease the land at 25.00 per acre and also get 1/16 roalty to be fair. Don't you think 25.00 is kind of cheap? Or 1/16 Roalty is cheap? I live in NYC and believe me $25.00 and Acre up heare is like giving it away. How about if they lease the land for $1000.00 an acre (mind you this is on proven oil reserve) and get say 33% roalty would be more fair. I'm no expert on this subject.
I also agree with you concerning the suject matter about CEO. However UPDV owns 52% (Goes up to 70% if you throw in the convertable stuff), of voting rights of HTOG and not an individual. Instead if you would say Management instead of individual owning over 50%, I would agree with you there as well.
Greg: I've been burn several times before on stock that says this or that in the beginning and never then follow through. An example where I got burned is Syracuse Miniral (a gold minning company set up to buy an operating gold mine and go on from there. The sale never went through so where did all the monies raised went? To Brokers Fees, Officers Salaries, benefits, some fees and taxes). I've seen this happen before. What's really frustrating is that this kind of thing has been happening for over 100 years and the stock holders are left with nothing. U.S. SEC regulations are the toughest in the world, but they should be harder and the world should catch up.
Your right it's really fustrating. And stock is going down down down. Leads me to ask several other questions about him. Like does he have another company buying up the stock at a cheap rate? Did he make a deal with another company to buy up PPTL at a lower price? You make think it's negative of me, to think negative of him, but look at his track record, not so good!
As I told you once before this stock is exactly like your name:
PIPE DREAM
Now Who is the ASS'l?
Face it, If you like it or not we were all taken. Were is this so call announcement from Bruce? In June we were lead to belive the announcement was going to be given in few weeks. Well it's over a month now, and still no announcement.
I think when the announcement comes, if it comes, look for chapter 7 or 11 bankruptcy.
Lastly ask your self who's selling at this low price. At this time 11:25 AM the stock went from .0035 to .0021 that's a 40% decrease in price.
Artice about oil from Ben Stein. See Below:
Why Oil Will Keep Falling
Posted on Monday, August 4, 2008, 12:00AM
I'm not much of a believer in conspiracy theories. I've seen up close and personal how wrong they were in the case of my old boss, Richard M. Nixon. He was not a criminal mastermind. He was not paying attention to a bunch of juvenile delinquent aides and they did him dirt. It was a case of an absent minded father, not a KGB plot.
But every so often something happens in the world of finance that is at least a bit like a conspiracy. The Drexel-Milken junk bond fraud was a conspiracy, at least as I saw it (though I could be wrong). A number of instances of looting Texas S&L's in the eighties were conspiracies. There were whole good-sized companies basically run as conspiracies in the S&L days.
Now, I see something that looks a bit like a conspiracy happening in energy commodities. I'm not at all sure it's an illegal conspiracy so maybe that makes it not a conspiracy at all. But in any event, here's what I see.
The price of oil in dollars was recently up by roughly 50% since the beginning of the year. In dollars, it was up roughly 100% recently compared to a year ago. Now, to be sure, much of that has been caused by the fall of the dollar in international markets. Oil is "only" up very roughly 15% in euros, which might make for a cleaner comparison with the past.
But why is oil up even 15% in euros in one year? What has happened to move it that much? Every self respecting free market observer says it's just supply and demand. Demand, so they say, is rising in the Far East and in the Middle East, and supply is stagnant. Hence, the rise in price.
And to some extent, this is true. There has been greatly increased demand from India and China and the Mid Eastern petro states. And supply from Iran, Venezuela, Mexico, and Nigeria has not been coming to market at the rates hoped for. This is because of poor oil field maintenance and political problems.
So, you might expect some effect on price from these factors and we've gotten some. But there's been another immense factor: US demand has been falling.
The US of A, by a million miles the world's largest consumer of energy products, especially oil and natural gas, has actually been a source of declining demand in the last few months. This is an immense factor in world oil arithmetic.
Now, it would take far better analytical powers than any human or machine has to produce an equation that tells you what the 'right' price of oil is under these circumstances. But history is a guide. In the past, when US oil demand has fallen, world oil prices have literally collapsed.
Or look at it another way: As of a year ago, everyone knew there were problems pumping in Iran, Nigeria, Venezuela, and Mexico. Everyone knew Russia was not getting as much oil to market as had been expected long ago. Everyone knew that Chinese demand was rising a year ago. The price then was about (very roughly) $70 a barrel. There is not one single brand new factor in the market to explain why that price has gone up so much except the fall of the dollar and as we have seen, that only explains most of it, not all of it.
Wait. I take that back. There has been one huge new factor. A staggering rise in purchases by speculators of contracts for future delivery of oil. This has been a new and gigantic effect in the market. This same effect gave us a bubble in high tech. It gave us a bubble in gold and silver about thirty years ago.
Some people say that buying oil futures cannot affect prices because someone else is always selling. But then if that were true, no price would ever change. Concentrated buying has to affect the market price for oil.
Or, to put it another way, if it's the only new factor in the market, we have a clue about what's causing the price changes.
Now, I don't say it's been done by agreement and secret monopoly buying. I don't say it's illegal. But it tells us something big, in fact two big things: one, the price will fall further. Commodity bubbles always end. Second, it's not being done by the oil companies, and they deserve no blame.
It also tells us that when we are buying a car, we might not expect to see high gasoline prices forever. We might also be wary of putting a lot of our money into commodities. Bubbles can take a long, long time to correct, but they always do.
Below are what is required for U.S. Pink Sheets. This is just the first 3 pages of a 65 page requirement for pink sheets.
I didn't read the entire document yet, but the essence is here.
GUIDELINES FOR PROVIDING ADEQUATE CURRENT INFORMATION
Pink Sheets encourages all issuers of OTC equity securities to make adequate current information available to the public markets. Pink Sheets believes that federal securities laws, such as Rules 10b-5 and 15c2-11 of the Securities Exchange Act of 1934, as amended from time to time (“Exchange Act”), and Rule 144 of the Securities Act of 1933, as amended from time to time (“Securities Act”), and state Blue Sky laws require issuers to provide adequate current public information. With a view to encouraging compliance with these laws, Pink Sheets has created these Guidelines for Providing Adequate Current Information (“Guidelines”) in order to assist issuers with understanding their disclosure obligations.1
Pink Sheets believes adequate current information must be publicly available when an issuer’s securities are quoted by a broker-dealer under the following circumstances:
•
At the time of initial quotation in public markets;
•
At any time corporate insiders or other affiliates of the issuer are offering, buying or selling the issuer’s securities in the OTC market;
•
During any period when a security is the subject of ongoing promotional activities having the effect of encouraging trading of the issuer’s securities in the OTC market;
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At the time securities initially sold in a private placement become freely tradable in the OTC market; or
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At any time the issuer’s securities are quoted on OTCQX or included in the Pink Sheets Current Information categories. (This does not include issuers listed on International OTCQX, as such issuers either (i) have a class of their securities registered with the Securities and Exchange Commission (“SEC”) under Section 12(g) of the Exchange Act and are current in their SEC reporting obligations or (ii) are non-U.S. issuers that are exempt from registration pursuant to Exchange Act Rule 12g3-2(b) and make their home country filings available in English to the public via the Pink Sheets News Service).
These Guidelines may be amended from time to time, in the sole and absolute discretion of Pink Sheets, with or without notice.
This is not legal advice, and Pink Sheets cannot assure anyone that compliance with our disclosure
requirements will satisfy any legal requirements.
General Considerations
An issuer preparing a disclosure statement shall consider the purpose of adequate disclosure. Current and potential investors in the issuer’s securities should be provided with all “material” information the information available to the issuer necessary for the investor to make a sound investment decision. The disclosure should enable an investor of ordinary intelligence and investment skills to understand the issuer’s business and prospects.
The disclosure must therefore present the issuer’s business plan and include a full and clear picture of the issuer’s assets, facilities, properties, investments, management and other resources, as well as a complete description of how they will be used to make profits. The issuer’s business plan should clearly describe the competition, regulatory environment and other risks to the issuer’s business, as well as the issuer’s plans for confronting these challenges.
It is also important for an investor to understand how the issuer raises capital and treats investors. At a minimum, the issuer must describe the ways it has raised capital by issuing shares in the past – to whom and the amount of consideration involved. The investor should also be provided with market information, including the past price history of any transactions in the issuer’s shares.
Finally, the disclosure should use plain English.2 This means using short sentences, avoiding legal and technical jargon and providing clear descriptions. Your goal, as an issuer should be to give the investor the information you would wish the investor to supply if your positions were reversed. You don’t need to be Shakespeare; you must, though, have a sincere desire to inform.
Section One: Issuers’ Initial Disclosure Obligations
Instructions relating to the preparation of initial disclosure statements:
Issuers shall prepare a document that responds to each item and sub-item of the Guidelines with information current as of the issuer’s most recent fiscal quarter or year end and shall include in its response to a particular item (i) whether a particular item is not applicable or unavailable and (ii) the reason it is not applicable or unavailable. The disclosure statement shall be provided in the format set forth below.
Issuers may incorporate by reference financial statements and other exhibits that are either posted elsewhere on Pink Sheets News Service or on SEC’s EDGAR system, or are attached to the issuer’s disclosure statement, as long as (i) the incorporated documents are current, (ii) the issuer clearly explains where the incorporated documents can be found, and (iii) the issuer provides a clear cross-reference to the specific location where the information requested by any particular Item can be found in the incorporated documents.
I was responding to message 1058.
I was responding to message 1058.
As far as I know, no oil well s are in production. 4 years ago, when I invested in this company, it too looked promising.
There is some question to a gas field though, where PPTL is suppose to be in partnership with. PPTl is sueing for non payment of the other companies portion of the cost. The other company is withholding payment and sueing for not receiving it's portion of the gas sold.
I sure would like to know as much as you can tell us about his last company.
I'm not a basher, I just asked why it had an earnings deficit of over 300 Million. I got my answer and will keep holding.
Keep the faith. This companies 5 year outlook is tremendus when they start developing the oil found in Kansas last month.
To Lars and Kingman: I made a mistake in prior message, I ment to say American Bull not investors Bull. Sorry!
To Lars and Kingman: You both expressed interst in HTOG. Read Investors Bull today. Than from now on communicate to me via my personal email address on that subject, it doesn't belong on this forem (again my email address is "A44975@Iwon.com).
Also Kingman; you asked sometime ago to look at TNOG, I don't care for it. Send me email and I'll tell you why I don't like it.
Before you misunderstand my last statement, note I know TSX is Toronto Stock Exchange (and not Texas). I just believe U.S. laws are much more sticker than Canadian and hope they move to U.S.
Which board did you find that on. I sure would like them to move to U.S., this way U.S. laws will come into play and we will get much more info then.
Z Man; as I told Kingsman I will stop, lets see if my opponent will also.
I admitted I was wrong about international twice concerning pink sheet report requirement. But your last staement is wrong about u.s.. Pink sheet rules cannot superceed U.S. laws. If company was located in U.S. they would be require to make their financials public. So go back and take a look at all U.S. based pink sheet companies, they make their financials public.
No it's clear I read that number, however just like me explaining the diff. between liabilities and deficit, it's quite possible the author of the article also got it wrong. I believe what the author ment to say was that updv lost all that money over the years of operation. What ever he ment to say, it's still is not a good number for updv. Your right in that the major positive out look for updv is it's 52% ownership in htog with preferred voting stock/convertable bonds it has 70% voting power. Lets hope current mgt of htog is not heavely influenced by mgt of updv. I believe htog mgt is currently doing everything right.
Your right. As I said I read from an article not a balance sheet. Accumulated deficit is like retained earning on a contineous basis. Their liabilities on the balance sheet is in the 20 million dollar range. Although that a high number for a penny stock, their subsidiaries clearly make up for their equity.
Accumulated Deficit is; Take all the monies invested for each shareholder add or subtact the income for the periods involved, result is either profit or deficit. In this case it means they lost monies over the years than made. So for all the years in operation, they lost $343,000,000.00. Not a good track record.
I'm willing to go along with that. that's why I gave him my personal email address. Let's see what he'll do!
I would believe your right. However I read a number of people are hedging the position oh htog with updv. I for one will not. Consolidated debt is just too high. I wish I could remember where I read that their consolidated debt was 343+ million.
Greg: As I said once before, so I say again, Your Pathetic!
Go back and check one of my ealier posting, where after you gave us oil companies to look at (1 in England, 1 Australia and 2 where the companies were so new, the only trade they had was the date of the initial stock offering). I also stated that I notice a difference and said that international law is different than U.S. laws. All U.S. companies must post financials and companies list out of U.S. do not. I admitted I was wrong on International Laws. So now is the second time I admit I'm wrong on the same international law.
I also stated that I don't have time to do DD. But if you would give me Bruces Direct phone number, I would give him a call and report back what I learned. So far you haven't done that.
If all of your comments and jabs are directed squarely against me, than send them to me via email to my personal email account (A44975@Iwon.com). Maybe we can hash our difference in a more private setting. If not than stop using this forem as your personal vendetta posting. It does no one any good, but make yourself look more a spoinled brat. I believe many of the people who read your last two-three posting have lost respect for you and your only digging yourself deeper.
Yes: English is my third language, but it's clear Cry Baby is your first.
Thats not what I'm concern about. What I'm concern about is when I research UPDV, somewhere I read (And I can't find it now) that it's consolidated debt is over 300 million dollars. If there is a problem with lets say one of it's subsidiaries (and with 52% ownership of HTOG general stock and with an additional 18% ownership of preferred), in need of capital, updv might just unload a high percentage of htog, therby forcing the price down. Although right now it doesn't look like it's going to happen. But consider this, our economy took a down turn, how long before it catches up with UPDV? How many more years can it keep operating in the red?
You can not send me email by way of investors hub, IWon.com has a filter operating and determines email from investors hub as spam and will not let it go through. You have to send it to me by way of your own personal email account, such as aol, yahoo, gmail, compuserve etc.
The only joke he is you. You were the companies biggest diverter of attention (even if you don't believe it). What did I contribute? How about all the questions you refused to ask? So stop wining and grow up, your acking like a child.
You want to contribute something, give me Bruces telephone, not the one published on PPTL web site. The one where you claim to have talked to him. If you don't want anyone else to see this number. Send it to my personal email address, it's "A44975@Iwon.com".
Give me about 1-2 days, but I know I did read it up. I
'll back track and get back to you.
Chang, we have been through this before. One person put a picture of a closed well claiming the picture was taken at the site. I said that this picture could have been taken anywhere, to show us more pictures first. This person came back stating if you don't believe me, I won't show you anymore pictures (and he never did).
The problem is no one lives or travels near that location. I tried to get satellite images on Googles, but once you got up to a certain distance, it couldn't go anymore closer.
Look Greg: As I stated before back in message 800 or 801, I strongly believe your running interference for Bruce. Guess What!, I still do. Just look how you keep wrinting about me. I got you so worked up with pushing for answers that you couldn't handle it. So you quit instead of trying to get the answers. I thought we had agreed to stop sparing, you asked me some questions, I answered them giving you examples of other compnies. You came back with 4 other examples (one company in England, one in Australia and two where the compies were so new they weren't even a month old). To me that was clearly side stepping or trying to make me look the orther way (Running interference). So when I pointed this out to you, you got hostle and forgot that we agreed to stop sparring and attacked me. So I came back at you. Now that your gone, your going out of your way to keep on fighting. You seriously need help.
In another message I clearly stated I don't have the time to be moderator. However if I were, I would sure have had 10X more info than you would even try to get.
I'm sure Bruce would see that I'm asking too many specific questions and would/will ignore me as he has been ignoring me in all my emails to him. What have you been asking him, which color tie goes with my blue suit?
Hey Greg, it's now 2 weeks since your alter ego "IslandKim" (Who I believe it's you using another alais) stated that Bruce will make an announcement. Like I stated earlier, I'll will wait until end of August, if there is no announcement I will ask everyone again to file with OEC.
I will continue to read your messages and see if your going to ignor me like you said you would, however I don't see this happening, because your now out on a mission to try and discredit me at all cost.
So Greg keep on attacking me, your only showing everyone how PATHETIC you really are.
I love your saying, I'm going to try and keep it in mind, there are some arguments just not worth fighting about.
However to me, PPTL hit home because after 4 years they should have been producing by now. Since they don't release info, we are left sepculating. What I saw when I got to this web site was that the Spec. were not asking right questions, and people who were spec. were making additional spec. based upon earlier spec.. Which is why I pushed for ans. to my questions. I also gave them a stupid example of the kind of spec. they were heading to (Did you know they found oil on the moon). Lets hope that when Bruce comes out with what ever info. he is releasing, that it ans. some if not all of my questions.
Geo: I only attacked those who attacked me first. Go back and check, you'll see each one of my attacks was in response to their attack on me.
Listen, I just did some more Research on HTOG, I think you should know that a company called Universal Property Deelopment and Acquision corporation (UPDA) controls 52% of voting stock of HTOG and with preferred shares, it's up to 70%. I looked into UPDA, this stock is at .59. However it's liabilities is well over $300,000,000.00. If there is ever a problem with that company, UPDA maybe forced to sell HTOG stock. This is not good for HTOG stock holders. I'm only the new kid on the block here, but does anyone else know anything about UPDA?
depends on financing
No truer word are said. I agree. L-T this is a can't fail company. Maybe, just maybe, either the next Zerox or Microsoft.
Lars: I believe what's he implying is that when I graduate college, I was an auditor with CID (Criminal Investigation Division) of the IRS. At that time we basically audit government contractors for over charges. In 1986 President Regan changed the mandate of our Division to going after Drug dealers (Much like a DEA or FBI Agent). At this time I left the IRS and took a Forensic auditing position with a major CPA firm. I have been there since. So basically I believe he is trying to scare you that I might audit you if you don't go along we me. What a bunch of BS he is implying. If he had read my entire history that I stated at the time, you will see that basically right now, most of my audits are tied to finding hidden assets in divorce cases. He is only tell 1/2 of the truth and not the whole truth to scare you.
I don't even know who you are. But it's looks like you believe an oil field found 3-4 years ago should not be developed, even though they sent out enough email to be considered a spam and got many of an investor to put their hard earned dollar into it, glorifing the rich rewards to come when developed (I believe that's called a Con Job).
Since I don't know who you are and your taking Gregs Side, why don't you try calling Bruce and ask him my questions, earlier posted. Tell us if he responds to you and let us all know what the answers to the questions are, in particular the release of past years and current year financial statements. I'm sure we would much appreciate it.
1) The field in question is a gas field not the oil field.
2) Even if it was the oil field, the partners would have stock or a percentage agreement, if it's stock, then like us they are intitled to it, if it's a percentage agreement, then the courts can settle it. However we stock holders shouldn't be kept in the dark about it and the courts can settle the percentage owned, but that dosen't mean you don't produce.
Don't you think Exxon, Sunoco, BP and other major oil companies are not sued, they are sued all the time. they don't stop production or developement of a field.
Thank you Lars. At least you, Kingsman, neto and a few others see like I do, that ther is something wrong here.
Look I don't nomally give out advise, but look up Heartland Oil and Gas (HTOG), read up about it, look at the messages people leave. I like it as a good Long Term investment. However you invest at your own risk.