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Hey Picks, Here are some numbers of a couple of agencies that may be checking into the matter as well.
Texas State Securities Board 512-305-8300
FINRA 301-590-6500
GSRE has no income, No revenue, no assets.
John, I posted a link on here before and it got deleted. Google "Not in good standing in Nevada". There are several attorney sites explaining the consequences of Not in Good Standing.
do you realize that any agreement that GSRE has while not in good standing possibly means nothing?
COPINFO,
Did you know that any acquisitions may not be valid if acquired while you are not in good standing? Dont you think you should take care of the fundamentals before making any transactions?
CORPINFO,
Do you know you may be personally liable for GSRE's actions taken since GSRE is not in Good Standing?
exactly Pedro, It works both ways. If your company is not in good standing, you can have something taken away from you that you gained if the transaction happened while you were not in good standing. In this case, the shareholders would lose any gains. Another bad deal is Toth and Jim Hale can be personally responsible for any liabilities.
DWB, Everything was a big secret until shareholders signed the deal to issue more shares, remember. There was a big acquisition to be announced after approval, remember? Nothing happened, remember. This cycle just keeps on going as long is there are shares to dump. By the way, ask Brandon How many shares are outstanding. Dont give us this secret BS, there is no advantage having that a secret.
GSRE is not in good standing in Nevada, therefore any business they conduct while not in good standing could be lost if tried in court in Nevada.
This in nothing but a pump and dump run by Brandon Toth. THey have zero income, zero revenue and nothing but lawsuits.
The have Zero Assets, Zero income and lawsuits. Nothing but a pump and dump run by Brandon Toth.
Any business transactions that are consumated while the company is not in good standing in Nevada can be subject to personal liability of the person conducting business for the company. So Brandon and Jim Hale can be liable for the $100,000.
TIMBERRRRRRRRR ITS REEEDDDDDDD
CORPINFO,
Were any of the monthly payments ever made to Bialy Production for the Crows run Project? If not, why make him litigate to get his clear title back?
I was referring to GSRE, not you buddy....LOL
Did you know that in Nevada, if your Corp in not in good standing, you could be sued personally for your actions?
Someone got some cash.
"For your reference again. "Furthermore the Company has only issued preferred shares in exchange for capital which has not been converted nor are there any plans to do so". Corpinfo"
isnt exchanging shares for capital selling them? They give you money, you give them shares?
why is everything a secret?
Can anyone tell me how many OS there are? Dont tell me to call someone, because I have, and they wont tell.
Yea, 10-4. What a great corp stategy. Get a proxy to issue 2.25 billion more shares, do nothing you say you were going to do after approval, gag the TA, Keep all info secret, and dont update the shareholders, dont file any paperwork, and become not in good standing with the state of Nevada. Toth should be Executive of the Year. Oh, and by the way, I forgot, the shares issued were for getting the Eberle and Crows run going, but they had to borrow $100,000 to put a pipeline in and now Jim Hale has spent it on something else. Just ask Tim.
Call Pink Sheets and ask them. That is what it says on their website.
Look on pink sheets and see for yourself. They posted this inof.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=gsre#getCompanyInfo
That is great, I guess, someone is getting rich off of a company with no assets or revenues.
So it is safe to say that he is ignoring the facts that if they are producing or even working on the well, they are in violation of Laws in the State of Texas?
why do you care then pro se? Are you a controll freak?
Notice the Brass Ball Valve on the Separator. This has a 300# working pressure. Do not stand close to this if the well ever has over 300#. It may blow your head off. That should be a 2000# steel valve.
10-4, Their answer is "We will get a permit if we deepen to the Buda". That is like telling the Police Officer when he pulls you over drunk that you will not drink and drive next week. LOL Do you think the cop will let you go? ROFLMAO By them continuously commenting on " Going to the Buda, the writing on the wall is that the current zone is probably a flop. So they are already painting the picture for the next big PR.
I dont know where you get your information, but a VALID PERMIT is required to Drill, Deepen, Workover or test any Oil or Gas Well in the State of Texas. If you have a valid permit, you may test it up to 30 days. At that point, it is required that you file completion papers. Any production or testing without a valid permit is subject to fines and the well can be issued a pipeline severance, where oil or gas cannot be sold, until all fines are paid. You can call the RRC at 210-227-1313 to verify if you would like DWB.
The Eberle does not have a valid permit, so any drilling, testing or production is in violation.
Just posting DD. You make up your own mind.
PICKS4U2C,
Every sub penny board that you are on, you always claim it is undervalued, or something big is happening, or something interesting. You always claim to know something big is about to happen. Nothing ever has and nothing ever will.
What is so interesting about that?
from nevada.org
"
Nevada Corporations and Nevada LLCs are powerful business tools…when structured properly; they can provide an impenetrable shield of protection. Unfortunately 95% of business entities aren't in compliance, putting their owners at risk.
As a corporation owner, you are required by law to maintain proper Corporate Formalities. In other words you must hold annual meetings, document minutes, file required documentation and use resolutions to authorize business transactions. Failure to do so can leave you personally exposed to litigation and possible tax penalties.
"Piercing the corporate veil has become the most litigated issue in corporate law today. In every case, the plaintiff's intent is to acquire the personal and business assets of the company, and at least half of them win."
Wake Forest Law Review
"If you failed to keep proper corporate records and if you are ever sued…you have a 50-90% chance of losing your personal assets in order to satisfy a judgment."
Cornell Law Review
What is the Corporate Veil? The corporate veil is the protection between your personal assets and your business assets. If you have a corporation or an LLC you are required to maintain company records that proves there is a separation between yourself and the company, if you do no complete and maintain these documents you will be treated like a sol proprietorship and that means you will be personally liable for the actions of the company.
Many small closely held corporations don't think they are held to the same standards as big companies. Quite the contrary, in the eyes of the law it doesn't matter if you are the sole person on the board of directors, the only shareholder and the only member…it becomes even more important that you are following proper corporate procedures.
Failure to maintain your Nevada corporate records makes you liable for the company's actions and debts, you could also be held personally responsible for tax penalties your company took advantage of.
Corporate Health ChecklistNeglecting basic Nevada corporate formalities required by law means that you could lose the very tax benefits and asset protection that you incorporated for in the first place. Take a moment to go through our Nevada corporate health checklist to see if your corporate veil is vulnerable.
Is your Nevada Corporation vulnerable? Click here to see
How to Maintain your Corporate VeilIt all comes down to the administration of your Nevada Corporation. Many business owners forget or ignore the corporate mantra, "I am not the corporation or LLC, and the corporation or LLC is not me". This phrase may seem simple, yet how many entrepreneurs continue to run their corporation as if it were a sole proprietorship.
The most crucial key in keeping your corporate veil by proving that you and the Nevada Corporation or Nevada LLC are not actually separate from each other. They will strive t prove that you have been acting as a sole proprietorship despite being incorporated. It's as simple as showing that you have not been maintaining the correct corporate documents.
An attorney is able to piece your corporate veil by proving that you and the corporation or LLC are not actually separate from each other. They will strive to prove that you have been acting as a sole proprietorship despite being incorporated. It's simple as showing that you have not been maintaining the correct corporate documents.
Issuance of stock certificates, member ledgers, authorization of loans, purchases of real estate, annual corporate meeting minutes, corporate resolutions…these are all company records that must be kept up-to-date and in order.
Since GSRE is not in good standing with its Corp filing in Nevada, Brandon may be personally liable the actions of the Company. Do a little research, he may not have the Corp protection. Also, he may not have any recourse with Bialy or anyone else on behalf of the Company because it is not in good standing. So there is no shell protecting the shares even if they are worth something.
Since GSRE is not in good standing with its Corp filing in Nevada, Brandon may be personally liable the actions of the Company. Do a little research, he may not have the Corp protection. Also, he may not have any recourse with Bialy or anyone else on behalf of the Company because it is not in good standing. So there is no shell protecting the shares even if they are worth something.
PICKS4U2C, Where is the cash flow you talk about a year ago?
Posted by: PICKS4U2C Date: Sunday, March 22, 2009 10:30:04 PM
In reply to: wolf2802 who wrote msg# 17414 Post # of 21706 [Send a link via email] [Share on Facebook] [Tweet this post]
there will be cash flow in the company as soon as they start production which is within days
good luck
PICKS4U2C,
I did some DD on your AEOH pick. The are a sub of Green Star Energies, Brandon Toth, formerly TNOG and Clayton SMith. The have zero assets, zero revenue and have litigation going on because of non payment of a deal in Pennsylvania. They are not current with their Corp in Nevada and a halt has been put on their stock. They are not in good standing with any regulatory agencies. You may want to watch this, it isnt going anywhere. It is a pump and dump, and has been for years.
The reason Bialy did not transfer the interest and wants out is because he never received any payments. They made a not to him and never paid any of it. I dont blame him for wanting out of this. And GSRE, AEOH, TNOG has been on the edge of something big for 6 years. LOL
Where is Clayton these days? He was such a nice guy until he got the check. Then he was allways sick or on the other line or in a meeting.
Here is some good advise from the Master himself. ......Does GSRE have assets and cashflow? or hot air? LOL
"Posted by: Mastercraft6 Date: Monday, February 16, 2009 11:34:59 AM
In reply to: None Post # of 24467 [Send a link via email] [Share on Facebook] [Tweet this post]
The one thing I will say, about any stock
in these tough times, if they don't have asets and cashflow,
why invest, because without those two elements the only
thing left is hot air and that always will come back
to ground zero.
MC