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"Now it's expected for Green Star Energies to be the "nanny" for stock speculators???"
Well if GSRE REALLY cared about their SHAREHOLDERS/SPECULATORS, like any reputable company should, then the term "Nanny" would be an appropriate definition.
Instead GSRE embellishes the truth to the point of outright lies to their SHAREHOLDERS!
Here was just one of many examples.
01/18/2011. Green Star Energies Completes Reverse Takeover With North Texas Energy.
(See full text of PR below)
Then we have this on 04/12/2011. Green Star Energies Announces That Merger With North Texas Energy Was NOT COMPLETED.
(See full text of PR below)
Even their last PR is chucked full of "NAME DROPPING" and past production, which has no bearing on present production.
They then say; "Reserve estimates show that P1 reserves are $16,286,446 undiscounted with a PV10 of $9,534,066". Now is that for this whole Panhandle Field, or for the wells they are interested in? My guess is that those reserves are for the whole Panhandle Field but make it sound like it's for this 6,500 acre leasehold. If this had any value, the leaseholders would not be selling it for shares in a STINKY PINKIE SCAM company.
Also, what are they using for money, more share dilution???
Green Star Energies, Inc. (PINKSHEETS: GSRE) is pleased to announce that it has entered into a Letter-of-Intent with a private company to acquire approximately 6,500 acres of leasehold with 115 wells in the Panhandle Field, Hutchinson County, TX. The Panhandle Field is the second largest natural gas field in the United States and was discovered in 1918. The Panhandle Field is a giant oil and gas producing area with production from Pennsylvanian and Permian age granite wash and dolomite covering 200,000 acres in 9 counties in the Panhandle of Texas. Since its discovery over 20,000 wells have been drilled, and the field has cumulative production in excess of 1,500,000,000 barrels of oil. In the twenty year span from 1973 to 1993 the Panhandle Field produced 8.1 TCF (Trillion Cubic Feet) of gas.
Steve Rackley (Chairman & CEO) stated: "We are pleased to announce the execution of this agreement. The properties contain current production as well as numerous work-over opportunities and infill drilling that will give our company the platform needed for expanded growth."
Reserve estimates show that P1 reserves are $16,286,446 undiscounted with a PV10 of $9,534,066. Closing is subject to further due diligence and other requirements necessary to close.
Green Star Energies Completes Reverse Takeover With North Texas Energy
Green Star Energies, Inc. (Pink Sheets: GSRE) is pleased to announce the completion of a reverse takeover agreement between Green Star Energies and North Texas Energy a private producing oil and gas company with proven reserves operating in Texas, Arkansas and Oklahoma.
The Company owns a producing oil field in North East Oklahoma with 10 producing wells and multiple workover opportunities on 3 leases covering approximately 230 gross acres with 27 current infield wells. Current production averages about 300 barrels of oil per month representing approximately 1,600,000 bbl as per reserves report. The rights to an additional 5 leases on 580 acres with 35 wells are being evaluated and are expected to be exercised after due diligence. The Company has immediate plans for workover and recompletion of existing wells in an attempt to restore production to 1980 levels ( ~ 300 BOPD from 62 wells) while evaluating an in-field PUD drilling program and exploring additional behind-pipe reserves.
The Company also owns a second oil field in North East Oklahoma that is currently shut in. The field has 160 wells on 7 leases covering 680 acres. This field has 390,000 bbl of potential oil recovery and 133,000 MCF of deliverable gas based on qualified reserve studies. In addition, the Company also owns 4 leases with 7 workover targets in Upshur County, Texas in the Haynesville Shale that covers 340 acres as well as 1 well in Columbia County, Arkansas.
As per the terms of the reverse takeover, all Green Star Energies management has resigned and new management has been appointed. Green Star Energies has appointed Steve Rackley as Chairman and CEO, Gabriel Prieto, P.E. as COO and Director and Richard John as Technical and Drilling Advisor.
CEO of Green Star Energies, Steve Rackley stated, "Completing this reverse takeover is a big step for North Texas Energy and Green Star Energies shareholders. The new combined company allows us to merge our resources to build a stronger venture together."
Steve Rackley was recently COO of a privately held oil and gas exploration and production company that grew to $10 million in revenues in the past three years. Gabriel Prieto, P.E. previously served as Sr. Petroleum Engineer for Mobil Oil and McMoran Oil & Gas as well as VP in the energy banking division of Bank of America. Richard John has over 22 years of experience working in various positions for such companies as Chesapeake Energy and XTO Energy.
Gabriel Prieto, P.E., COO added, "The newly formed management team fully intends to immediately focus on the acquisition and development of under-producing properties in proven oil fields where we can use new technology and methodology to unlock the resources bypassed previously. We look forward to introducing you to these deals in the coming weeks."
Steve Rackley, CEO has scheduled the first of what is expected to be many public appearances after taking over management of Green Star Energies. The interview is scheduled for 11 AM EST on Tuesday, January 18, 2011. It will be available via Stock Plays Online, an online investment community with a live chat feature. You can attend this interview for free with no registration required by logging in through this link: http://www.stockplaysonline.com/visichat/
Oil & gas investment is high risk read the full disclaimer before making any investment decisions, available here: http://www.greenstarenergies.com/disclaimer.html
ABOUT GREEN STAR ENERGIES, INC
Green Star Energies, Inc. is currently targeting joint ventures or acquisitions in which existing oil projects are currently in or near term production. Green Star owns producing oil wells in Oklahoma and as well as Louisiana through its ownership in Aeon Holdings (OTC Markets: AEOH) with work over plans on leases in Texas and Arkansas.
Email: IR@GreenStarEnergies.com | Phone: 1-469-718-5572
Corporate Site: http://GreenStarEnergies.com | IR Site: http://PeakPetro.com
Twitter: http://twitter.com/PeakPetro | YouTube: http://youtube.com/PeakPetro
5057 Keller Springs Road Suite 300 Addison, Texas 75001
SOURCE Green Star Energies, Inc.
Green Star Energies Announces That Merger With North Texas Energy Was Not Completed
Green Star Energies, Inc. (Pink Sheets: GSRE) announced that the reverse merger with North Texas Energy was not completed. CEO Steve Rackley stated, "Gabriel Prieto and I were both hired by the principals of North Texas Energy immediately prior to the proposed date of the merger of North Texas Energy with Green Star Energies. Neither one of us had any previous knowledge of either North Texas Energy or Green Star Energies prior to accepting the positions; nor had we ever met or spoken to any of the previous officers or management of Green Star Energies. We were told Green Star Energies was a distressed oil company, but the debt that held it back was being settled and the company's balance sheet was soon to be cleaned. We were also told that there would be significant assets contributed by North Texas Energy into the deal that would allow for our growth."
"Once onboard and aware of the merger, we started doing serious due diligence on the assets that were to be exchanged for shares of Green Star Energies as a result of the merger. We disagreed with the principals of North Texas Energy, the very principals that had hired us, regarding the value of the assets that they were placing with Green Star in exchange for a significant amount of shares. We have a fiduciary responsibility to protect the shareholders of the company. This deal did not meet the criteria that we have established for our acquisitions, so we told the principals of NTE that we would not consummate the merger and that they would not receive any shares in the company," said Mr. Rackley.
The company has also announced today that the letters of intent for acquisition of DCD Operating in Wyoming and the California Creek Field in Oklahoma have been withdrawn. "We wanted to take a very close look at the opportunities that these projects presented. That's why we executed the letter of intent for each of them. Ultimately, we could not reach terms that we felt would be satisfactory for our shareholders," Mr. Rackley said.
ABOUT GREEN STAR ENERGIES, INC.
Green Star Energies, Inc. is currently targeting joint ventures or acquisitions in which existing oil projects are currently in or near term production. Additional information about the company and its holdings may be found on the company website at www.greenstarenergies.com
Email: Investorrelations@GreenStarEnergies.com | Phone: 1-800-983-3586Corporate Site: http://GreenStarEnergies.com | 5057 Keller Springs Road Suite 300 Addison, Texas 75001
SOURCE Green Star Energies, Inc.
It's also a fact that you and GSRE's announcement came to late. The PUMP had already run the GSRE SP up. You even welcomed some of those involved early on.
Notice before the pump the SP was .0003-.0004. At the hight of the pump it was .0009-.001.
Then on the day, 7/28/2011, GSRE put out their PR, (which came at the end of the day) volume went up dramatically, and the SP tanked.
08/05/2011 0.0004 0.0006 0.0003 0.0004 68,778,976
08/04/2011 0.0005 0.0005 0.0004 0.0004 3,374,285
08/03/2011 0.0006 0.0006 0.0004 0.0006 12,063,630
08/02/2011 0.0005 0.0005 0.0005 0.0005 806,000
08/01/2011 0.0005 0.0006 0.0005 0.0006 12,834,064
07/29/2011 0.0005 0.0006 0.0005 0.0006 6,201,351
07/28/2011 0.001 0.001 0.0005 0.0005 147,063,696
07/27/2011 0.0008 0.001 0.0007 0.0009 26,115,368
07/26/2011 0.0007 0.0007 0.0006 0.0007 5,882,250
07/25/2011 0.001 0.0011 0.0004 0.0006 50,675,456
07/22/2011 0.0006 0.001 0.0004 0.001 10,730,248
07/21/2011 0.0006 0.0006 0.0006 0.0006 1,314,040
07/20/2011 0.0006 0.0006 0.0004 0.0004 5,050,531
07/19/2011 0.0005 0.0005 0.0005 0.0005 1,082,200
07/18/2011 0.0005 0.0006 0.0005 0.0005 2,036,247
07/15/2011 0.0006 0.0006 0.0005 0.0006 1,540,230
07/14/2011 0.0006 0.0006 0.0006 0.0006 900,000
07/13/2011 0.0005 0.0006 0.0004 0.0006 700,000
07/12/2011 0.0005 0.0005 0.0005 0.0005 859,300
07/11/2011 0.0006 0.0006 0.0005 0.0005 1,925,533
07/08/2011 0.0005 0.0006 0.0005 0.0006 5,840,691
07/07/2011 0.0005 0.0005 0.0004 0.0004 2,402,477
07/06/2011 0.0005 0.0006 0.0005 0.0005 3,400,000
07/05/2011 0.0005 0.0005 0.0005 0.0005 1,000,000
07/01/2011 0.0004 0.0004 0.0004 0.0004 2,000
06/30/2011 0.0005 0.0005 0.0005 0.0005 500,000
06/29/2011 0.0005 0.0005 0.0004 0.0004 3,735,000
06/28/2011 0.0005 0.0005 0.0004 0.0004 18,124
06/27/2011 0.0005 0.0006 0.0004 0.0005 7,630,000
06/24/2011 0.0005 0.0005 0.0004 0.0004 155,000
06/23/2011 0.0005 0.0005 0.0004 0.0005 333,985
06/22/2011 0.0004 0.0005 0.0004 0.0005 5,454,665
06/21/2011 0.0003 0.0004 0.0003 0.0004 1,715,062
06/20/2011 0.0003 0.0004 0.0003 0.0003 451,000
06/17/2011 0.0003 - - 0.0003 0
06/16/2011 0.0004 0.0004 0.0003 0.0003 3,205,561
06/15/2011 0.0003 0.0004 0.0003 0.0004 1,288,000
06/14/2011 0.0003 0.0003 0.0003 0.0003 544,600
"The company entered into a LOI this past Friday but will not make any announcements until they have the hard facts concerning the private company."
Then why even mention the LOI? OH! I know! To sucker in newbies!
It must be a government firm they hired, since they are so slow! lol
gggeorge, remember these posts you made about WRGL back in 2009 when they were in the oil sand recovery business. Now we all know what a scam that was.
Your predictions were all WRONG!
I tried to warn you then that WRGL was a SCAM!
gggeorge
Wednesday, January 28, 2009 6:02:41 PM
Re: gggeorge post# 54 Post # of 625
Green energy will grow and thrive under Obama.
Watch out for this company.
( How did that work out for you???)
gggeorge
Thursday, July 09, 2009 3:01:00 PM
Re: conestoga_days post# 303 Post # of 625
Tar sands, oil shale, tires to make petroleum products is how you should have read it.
See the wrgl.net website to get a full description. See also 15C211 information on pinksheets.com.
Technology will be discussed on the radio at 6:30 PM tonight. See yesterday's Press Release for details.
Nothing but great things ahead. (Yeah, RIGHT!)
gggeorge
Saturday, July 04, 2009 11:29:30 AM
Re: liketotravel post# 262 Post # of 625
likketotravel,
Read the Business Plan linked to the wrgl.net website. The production process is "green". The licensed technology produces a great product cheaper than Canada with no adverse environmental impact.
The future is here and now with WRGL. IR guy claims a video of the first production unit will be up on the website by the end of next week. (It never happened)
gggeorge
Friday, June 12, 2009 7:31:56 AM
Re: gggeorge post# 118 Post # of 625
MIAMI, June 11 /PRNewswire-FirstCall/ -- Warrior Girl Corp. (Pink Sheets: WRGL - News) believes it has identified the most appropriate and lucrative approach to resolving the traditional negative aspects of separating oil from tar sand and oil shale.
Traditionally, a variety of methods have been used to separate oil from tar sands and oil shale. For instance, Canada's tar sands industry relies primarily on heat (derived from natural gas) and liquid solutions but leaves a high level of toxic residue in large tailing ponds--certainly not environmentally friendly and quite expensive.
WRGL's technology is capable of separating oil from tar sand with a non-toxic liquid technology requiring no heat and minimal water, superior to any process now in operation and with procedures that are totally bio degradable, non-carcinogenic, and Earth friendly. Furthermore, by use of Pyrolitic Hydrocarbon Concentration Units WRGL can convert raw oil from tar sands into a gaseous state, and then reconstitute said gasses into syngas. Although the technology to do this requires heat, it does not require natural gas, and can actually be instituted using the original raw product as its heating source, and no harmful gases or products are released into the atmosphere. Using this second system allows not only the extraction of the oil, but converting syngas into marketable fuel products without further refining, e.g., asphalt products, fertilizers, diesel, jet fuel and other transportation products. This process takes low-cost feed stock and converts it into high-value products while helping reduce U.S. dependence on foreign oil. A third technology may be licensed to add bio-diesel to the product list.
The Company's licensed extraction technology yields nearly 98.9% of the available oil present in tars sands, oil shale, tires, coal etc. This process is considered "green technology" and truly friendly to the environment. The left over sands and inert byproducts are considered oil-free and suitable for sale as a premium construction material, as well as clean and non-hazardous landfill.
With uncertainty in both price and continuity of crude oil supplies, the potential for tar sands and oil shale production in the United States has reached an enhanced emphasis. This, combined with the overwhelming concern for developing environmentally friendly energy production has created a unique opportunity for the development of domestic tar sands and oil shale reserves. WRGL's goal is to be at the forefront of this endeavor.
About Warrior Girl Corp.: The Company is dedicated to helping achieve effective energy independence for the United States using unconventional methods and new technologies.
(It was a TOTAL SCAM and still is.)
"So where do we go from here?"
Answer; NO WHERE!
"Any thoughts on what is actually true for GSRE?"
Answer; NOTHING IS TRUE FOR GSRE, except lying PR's!
" Did they pay any of the old debts down"
Answer; With WHAT?? Discounted shares??
" Do we know exactly what debts are owed and to who and for what?"
Answer; NO!
"Can this company move forward w these debts still being owed?"
Answer; Again, NO! Just more of the same old SCAMS!
"Do we know for sure that GSRE 'new' management hasnt sold any shares since taking over here as you and they claim?"
Answer; NO, because of all the past lies they've told! They won't even post the latest OS figures!
"When will GSRE be fully transparent to the public via SEC filings?"
Answer; NEVER!
"What is the current business plan from here and what is there timelines for achieving the business plan goal/objectives?"
Answer; It's the same as GSRE has always been doing. They are currently working on the next pack of lies. It's all right here in their latest PR below;
Green Star Energies Enters Agreement to Acquire Properties
Green Star Energies (PC) (USOTC:GSRE)
Intraday Stock Chart
Today : Friday 5 August 2011
Green Star Energies, Inc. (PINKSHEETS: GSRE) is pleased to announce that it has entered into a Letter-of-Intent with a private company to acquire approximately 6,500 acres of leasehold with 115 wells in the Panhandle Field, Hutchinson County, TX. The Panhandle Field is the second largest natural gas field in the United States and was discovered in 1918. The Panhandle Field is a giant oil and gas producing area with production from Pennsylvanian and Permian age granite wash and dolomite covering 200,000 acres in 9 counties in the Panhandle of Texas. Since its discovery over 20,000 wells have been drilled, and the field has cumulative production in excess of 1,500,000,000 barrels of oil. In the twenty year span from 1973 to 1993 the Panhandle Field produced 8.1 TCF (Trillion Cubic Feet) of gas.
Steve Rackley (Chairman & CEO) stated: "We are pleased to announce the execution of this agreement. The properties contain current production as well as numerous work-over opportunities and infill drilling that will give our company the platform needed for expanded growth."
Reserve estimates show that P1 reserves are $16,286,446 undiscounted with a PV10 of $9,534,066. Closing is subject to further due diligence and other requirements necessary to close.
ABOUT GREEN STAR ENERGIES, INC.
Green Star Energies, Inc. is currently targeting joint ventures or acquisitions in which existing oil projects are currently in or near term production. Additional information about the company and its holdings may be found on the company website at www.greenstarenergies.com
Email: Investorrelations@GreenStarEnergies.com
Phone: 1-800-983-3586
Corporate Site: http://GreenStarEnergies.com
5057 Keller Springs Road Suite 300 Addison, Texas 75001
From the looks of all the buying today, maybe that un-affiliated third party is getting geared up for another stock promotion campaign!
I wonder how many GSRE insiders participated in the last one, and are acting all innocent now????
"Yes, it is a fact!"
And it's also a FACT that their announcement came to late. The PUMP had already run the GSRE SP up.
Notice before the pump the SP was .0003-.0004. At the hight of the pump it was .0009-.001.
Then on the day, 7/28/2011, GSRE put out their PR, (which came at the end of the day) volume went up dramatically, and the SP tanked.
08/05/2011 0.0004 0.0006 0.0003 0.0004 68,778,976
08/04/2011 0.0005 0.0005 0.0004 0.0004 3,374,285
08/03/2011 0.0006 0.0006 0.0004 0.0006 12,063,630
08/02/2011 0.0005 0.0005 0.0005 0.0005 806,000
08/01/2011 0.0005 0.0006 0.0005 0.0006 12,834,064
07/29/2011 0.0005 0.0006 0.0005 0.0006 6,201,351
07/28/2011 0.001 0.001 0.0005 0.0005 147,063,696
07/27/2011 0.0008 0.001 0.0007 0.0009 26,115,368
07/26/2011 0.0007 0.0007 0.0006 0.0007 5,882,250
07/25/2011 0.001 0.0011 0.0004 0.0006 50,675,456
07/22/2011 0.0006 0.001 0.0004 0.001 10,730,248
07/21/2011 0.0006 0.0006 0.0006 0.0006 1,314,040
07/20/2011 0.0006 0.0006 0.0004 0.0004 5,050,531
07/19/2011 0.0005 0.0005 0.0005 0.0005 1,082,200
07/18/2011 0.0005 0.0006 0.0005 0.0005 2,036,247
07/15/2011 0.0006 0.0006 0.0005 0.0006 1,540,230
07/14/2011 0.0006 0.0006 0.0006 0.0006 900,000
07/13/2011 0.0005 0.0006 0.0004 0.0006 700,000
07/12/2011 0.0005 0.0005 0.0005 0.0005 859,300
07/11/2011 0.0006 0.0006 0.0005 0.0005 1,925,533
07/08/2011 0.0005 0.0006 0.0005 0.0006 5,840,691
07/07/2011 0.0005 0.0005 0.0004 0.0004 2,402,477
07/06/2011 0.0005 0.0006 0.0005 0.0005 3,400,000
07/05/2011 0.0005 0.0005 0.0005 0.0005 1,000,000
07/01/2011 0.0004 0.0004 0.0004 0.0004 2,000
06/30/2011 0.0005 0.0005 0.0005 0.0005 500,000
06/29/2011 0.0005 0.0005 0.0004 0.0004 3,735,000
06/28/2011 0.0005 0.0005 0.0004 0.0004 18,124
06/27/2011 0.0005 0.0006 0.0004 0.0005 7,630,000
06/24/2011 0.0005 0.0005 0.0004 0.0004 155,000
06/23/2011 0.0005 0.0005 0.0004 0.0005 333,985
06/22/2011 0.0004 0.0005 0.0004 0.0005 5,454,665
06/21/2011 0.0003 0.0004 0.0003 0.0004 1,715,062
06/20/2011 0.0003 0.0004 0.0003 0.0003 451,000
06/17/2011 0.0003 - - 0.0003 0
06/16/2011 0.0004 0.0004 0.0003 0.0003 3,205,561
06/15/2011 0.0003 0.0004 0.0003 0.0004 1,288,000
06/14/2011 0.0003 0.0003 0.0003 0.0003 544,600
"It is a fact that Green Star Energies exposed this stock manipulation scheme."
OH yeah! At the end of trading on the highest volume day and after the high point of the PUMP!
07/28/2011 0.001 0.001 0.0005 0.0005 147,063,696
07/27/2011 0.0008 0.001 0.0007 0.0009 26,115,368
07/26/2011 0.0007 0.0007 0.0006 0.0007 5,882,250
07/25/2011 0.001 0.0011 0.0004 0.0006 50,675,456
07/22/2011 0.0006 0.001 0.0004 0.001 10,730,248
DWB, did GSRE file a complaint with the SEC about "this stock manipulation scheme, promoted by an un-affiliated third party plus the “OTHERS”, a small group which helped to promote the scheme for personal gain."
If not, WHY!
"My statement was totally clear. dwb"
DWB, Your above statement is about as clear as GSRE PR's. You say; "I disagree on a number of them" but then won't say which ones you are referring to.
Well here again are those 6 statements crowin made. Now please explain which ones you disagree with. If you can't point out those you claim to disagree with, then I take it to mean they were all accurate.
1. confused is the investors over the years with GSRE.
2. All talk and never NO action!
3. Insiders want to sell shares, they will say any thing to get one to buy!
4. Steve needs to be transparent and inform everyone the current GSRE O/S.
5. Steve needs to be transparent and inform everyone who appointed him GSRE CEO!
6. Steve needs to be transparent and inform everyone how many shares he was paid to become CEO of GSRE! "
DWB, Please explain which comments you are referring to when you say, "I disagree on a number of them". I counted 6 comments below that crowin listed, and they all look true to me!
"confused is the investors over the years with GSRE.
All talk and never NO action!
Insiders want to sell shares, they will say any thing to get one to buy!
Steve needs to be transparent and inform everyone the current GSRE O/S.
Steve needs to be transparent and inform everyone who appointed him GSRE CEO!
Steve needs to be transparent and inform everyone how many shares he was paid to become CEO of GSRE! "
DWB, you asked Jerseyfish, "Would you please enlighten me as to the previous circumstance that GSRE allegedly conducted a reverse split?"
I'm not JF but several years ago they did a 20-1 RS. Now it wasn't GSRE back then but we all know the same thieves back then are most likely still the same thieves that are still here as GSRE.
Please show me where GSRE ,or any of the previous names they were for the last 10 years, has made a dime in profit. All management does is lose money and sell shares to pay their salaries year after year.
If that doesn't equal SCAM, then I don't know what does qualify as a SCAM!
"Thanks. Just a load of some worthless trinket, I see according to the historic portrayal. Nothing to be excited about, LOL."
Just like 95% of all the other OTC pink market stocks, crooks scamming gullible investors who think they are going to get RICH!
"What a piece of trash, eh?"
That's an understatement OC!
This was a piece of trash when it was Future Projects IV, Corp. until 4-00.
This was a piece of trash when it was Liquidics, Inc. until 12-01.
This was a piece of trash when it was Global Web TV Inc.(Old) until 12-03.
This was a piece of trash when it was QOL Holdings, Inc. until 10-05.
This was a piece of trash when it was Global Web TV, Inc. (New) until 1-06.
This was a piece of trash when it was Amore TV, Inc. until 5-07.
This was a piece of trash when it was Rapid Fitness, Inc. until 8-2008.
This was a piece of trash when it was Tri Star Holdings, Inc. until 8-2009.
This was a piece of trash when it was Macada Holding, Inc. until 3-2011.
Now it's a piece of trash as KMA Holding, Inc.
And the biggest piece of trash was the one behind it all, Anthony Mellone!
But now THAT piece of TRASH is in JAIL.
http://anthony-mellone-convicted-felon.blogspot.com/
http://www.otcmarkets.com/stock/MCDA/company-info
Financial Reporting/Disclosure
Reporting Status Alternative Reporting Standard
Audited Financials Not Available
Latest Report Jul 11, 2011 Quarterly Report
Regulatory Agency Not Available
CIK 0001470243
Fiscal Year End 12/31
OTC Market Tier OTC Pink Limited
Profile Data
SIC - Industry Classification 8099 - Health and allied services, misc
Business Status Development Stage Company a/o
Incorporated In: WY, USA
Year of Inc. 2009
Employees 6 a/o Jul 01, 2010
Company Officers
Ron Ritter CEO
Steven Cohen President
Company Directors
Not Available
Company Notes
Formerly=Macada Holding, Inc. until 3-2011
Formerly=Tri Star Holdings, Inc. until 8-2009
Formerly=Rapid Fitness, Inc. until 8-2008
Formerly=Amore TV, Inc. until 5-07
Formerly=Global Web TV, Inc. (New) until 1-06
Formerly=QOL Holdings, Inc. until 10-05
Formerly=Global Web TV Inc.(Old) until 12-03
Formerly=Liquidics, Inc. until 12-01
Formerly=Future Projects IV, Corp. until 4-00. State of incorporation change Florida to Nevada concurrent with name change
Service Providers
Auditor/Accountant
Daszkal Bolton LLP
2401 NW Boca Raton Blvd.
Boca Raton, FL, 33431
United States
Legal Counsel
Bradley E. Essman
118 E Tarpon Avenue
St. Petersburg, FL, 33705
United States
Investor Relations Firm
Not Available
MCDA Security Details
Share Structure
Market Value1 Not Available
Shares Outstanding 42,400,070,497 a/o Jun 30, 2011
Float 400,028,672 a/o Jun 27, 2011
Authorized Shares 100,000,000,000 a/o Jun 27, 2011
Par Value 0.0001
Shareholders
Shareholders of Record 486 a/o Jun 27, 2011
Security Notes
Capital Change=shs decreased by 1 for 50 split. Pay date=12/15/2003.
Capital Change=shs increased by 22 for 1 split. Ex-date=1-27-06. Payable upon surrender
Capital Change=shs decreased by 1 for 100 split. Ex-date=11-20-06. Pay date=11-20-06
Capital Change=shs decreased by 1 for 100 split Pay date=05/11/2007.
Capital Change=shs decreased by 1 for 500 split Pay date=08/20/2009.
Capital Change=shs decreased by 1 for 1000 split. Pay date=03/17/2011.
Short Selling Data
Short Interest 0 (-100%)
Mar 31, 2011
Significant Failures to Deliver No
Transfer Agent(s)
Action Stock Transfer Corporation
"Still say the SEC suspension parked us in the greys and limited or ended any of the financial restructuring"
Very true but what was the EXACT problems for the suspension. If USOG is guilty of some wrongdoing, Fraud, etc., then it's their fault, not the SEC.
The SEC said in that order;
"It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of the issuers listed below. As set forth below for EACH ISSUER, questions have arisen regarding the accuracy of publicly disseminated information, concerning, among other things, (for USOG,) the adequacy and accuracy of press releases concerning the company’s operations and stock promoting activity by the company."
Now the SEC didn't give the exact/formal details as to what the specific "Questions" were, just the general areas in question. The SEC doesn't release that to the public, only the company.
Now since the company has not shared the exact/formal problems they received from the SEC with their investors, who knows? I do know the SEC allows them a certain amount of time to respond to the SEC, and try to clarify the SEC'S questions. If they can't or don't, then the SEC can charge them in a court action which can drag on for years. Also, until they satisfy the SEC'S questions, and are cleared of any wrongdoing, no MM will touch USOG. In the meantime USOG would just fade away.
"DER's prediction came true thanks to the SEC which I don't recall being mentioned."
USOG was on the road to a R/S before the SEC suspension because of dilution. The SEC suspension didn't cause it.
Here is what USOG says the R/S is about.
http://ih.advfn.com/p.php?pid=nmona&article=48413154
Purpose of the Reverse Stock Split and Reduction in Authorized Shares Amendment
Our common stock currently trades on The OTC Market under the symbol “USOG.” The purpose of the Reverse Stock Split and Reduction in Authorized Shares is to increase the per share trading value of our common stock and increase the amount of available authorized shares compared to the amount of existing shares issued. If our stockholders approve the Reverse Stock Split and Reduction in Authorized Shares, it is expected that the Reverse Stock Split and Reduction in Authorized Shares will be promptly implemented. However, the Board reserves the right to abandon the Reverse Stock Split if it determines, in its sole discretion, that this proposal is no longer in the best interests of United States Oil and Gas Corp and its stockholders.
"USOG will prevail if they can payoff the TB note....they have 17 months to get that done."
And just where will they get the money???
Der already explained it to you last June 23. Was he right or wrong???
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64532471
der_deutschetrader Thursday, June 23, 2011
I'll just state what i know and you can verify-
1. end of Q 1 they only had $42 k in unrestricted cash
2. they only raised 300k in the reg d which was designed to repay debt- debt is still there ...... based on the conversion stated- they are now conv into 3 bil shs
3. they have 2 bil shs out and 5 bil authorized
who is going to put money into this to pay off UTD and JT-
q 2 financials will tell all
opinion...
since they haven't announced any money raised this Q my guess is cash is a problem
csud you tell me how they get out from under this without a gigantic r/s and debt restructuring--
like I said months ago common holders will be wiped out and they have
JT and Utd are in the driver's seat as they are the major dreditors
The only reply to Der's post was this (below.) Instead of making fun of Der over a misspelled word,
PS should have tried to refute Der's opinion but of corse he couldn't.
http://investorshub.advfn.com/boards/replies.aspx?msg=64532471
Penny_Slayer
What the heck is a dreditor? Is that a German Word? LMAO!
PS
Quote:
JT and Utd are in the driver's seat as they are the major dreditors
"you might want to go back and look at who was right he has been screaming R/S for well over a year"
Well it looks like he may be right with USOG now wanting to do a 1000 for 1 R/S. And yes you got your 1000% run for one day but then look at all your 100s of other predictions that were wrong.
Der's predictions are right 99% of the time and yours are wrong 99% of the time.
If people would have listen to him, they wouldn't have lost so much but instead they listen to your hype and lost big time.
"Has been a long time since I visited.... What have I missed in tis scam?"
You have missed notta thing, just more of the same ole, same ole scamming! lol
"A UK site from 2008.WTF! Do you see the straws being grasped at."
If it was just this one article, I might tend to agree. The problem is that USOG has been in a steady decline since Jan. even after being heavily promoted several times, suffering dilution from debt conversion, still losing money, SEC suspension, and now wanting to do a 1000 for 1 R/S.
You also have all of Der's predictions that have been right vs BT's (and others) who have all been wrong. Also you have the fact that USOG was a stinky pinky and 99% of them are scams.
Now you be the judge. Who are the one's GRASPING AT STRAWS?????
"Oh crap, there is no such thing as USOG company. This is a major scam. Its time to dump...."
It seems this guy was right about USOG and tried to warn investors but OH!, he was just a basher. Click
on his profile and read some of his posts. And some here wonder why the SEC suspended USOG!!
Here is an article on how the Old Boiler Rooms have been largely replaced by a different species of threat—penny-stock promoters disguising as “investment newsletters.” Now investors find themselves drawn to such wealth-depletion mechanisms not by the phone, but by stock hustlers exploiting social-networking sites—and, above all, by the investors’ own greed and their hunt for “undervalued stocks.”
http://www.portfolio.com/views/columns/2010/07/27/penny-stock-boiler-rooms-are-the-financial-scandal-that-will-not-die/index.html
"whatever. look at the date."
I did look at the date. My point in posting it was because so many here seemed to be at a loss as to why the SEC would suspend USOG. If this was old news, USOG investors should have been more wary.
Most companies that get suspended, are for things that occurred 2-3 years back, and we all know how slow the SEC is. I'm not saying that that is the case here but just another possibility.
"maybe it was about 'our' usog but either way, this was refuted a long time ago. in fact i think it has come up repeatedly here and been found to be a bogus claim each time. Where is the moderator?"
There is no "Maybe" about it. It is the same USOG. If it was "Refuted" here a long time ago, please post it so as to lay to rest those charges.
"you have to be out of your mind to come in here with a 3 year old bogus internet posting stating this company is a boiler room scam. the company sucks and they are a humongous failure in my opinion, but a boiler scam..come on. do your dd."
I did do DD on USOG, and so far this is what I found. Again if you have info to the contrary, please post it.
" this company just sucks and suckered people into investing through unscrupulous and false pretenses. BUYER BEWARE!"
I don't understand this last part of your post. First you say it (scam) was "refuted" a long time ago and then say "USOG suckered people into investing through unscrupulous and false pretenses. BUYER BEWARE!"
Is that not the definition of a SCAM!
If the USOG I posted about is not this USOG please explain the difference,
Instead of saying "you are really grabbing for straws lol"
"not the same usog."
Better look again because it is the same.
If anyone here still believes in this company, please read this;
http://boilerroomscam.blogspot.com/2008/09/scam-of-usa-oil-and-gas-corporation.html
WEDNESDAY, SEPTEMBER 17, 2008
SCAM OF USA OIL AND GAS Corporation USOG / SEGV STOCK SCAM
Be aware of the following scam that was detected by us:
Stock symbol of the following stocks USOG.PK / SEGV.PK / SEGV / USOG / all belong to one fake company called USA OIL AND GAS CO. at this site "www.usaoilandgas.com" usaoilandgas.com located in the United States which provides for the market green oil and gas technologies.
We have a lot of details about this firm and its members who used the following nick names on the scam calls:
Nicolas Black - Boiler Room Scam Staff
Stanley Cooper - Boiler Room Scam Staff
Edward Gold - Boiler Room Scam Staff
John Clark - Boiler Room Scam Staff
Sam Larson - Boiler Room Scam Staff
Nick Paris - Boiler Room Scam Staff
Richard Price - Boiler Room Scam Staff
Kelly Grant - Boiler room scam Loader / Partner / Maker
Maxwell Mier - Boiler room scam Loader / Partner / Maker
Nicos Khan - Boiler rooms scam maker for almost 8 years
Also click on the links on the right of the above article.
All USOG investors need to read this Sec Bulletin about Reverse Merger Companies below, because this may be the SEC’S reason behind the suspension of USOG.
Especially this last part;
The SEC and U.S. exchanges recently suspended trading in a more than a “DOZEN” reverse merger companies, citing a lack of current, accurate information about these firms and their finances.
Note the date of this bulletin, 6/9/2011, just 2 days after USOG’S suspension.
http://www.sec.gov/news/press/2011/2011-123.htm
SEC Issues Bulletin on Risks of Investing in Reverse Merger Companies
FOR IMMEDIATE RELEASE
2011-123
Washington, D.C., June 9, 2011 – The Securities and Exchange Commission today issued an Investor Bulletin about investing in companies that enter U.S. markets through so-called “reverse mergers.”
“Given the potential risks, investors should be especially careful when considering investing in the stock of reverse merger companies,” said Lori J. Schock, Director of the SEC’s Office of Investor Education and Advocacy. “As with any investment, investors should thoroughly research the company – including ensuring there is accurate and up-to-date information – before making a decision to invest.”
Reverse mergers permit private companies, including those located outside the U.S., to access U.S. investors and markets by merging with an existing public shell company. The SEC and U.S. exchanges recently suspended trading in a more than a dozen reverse merger companies, citing a lack of current, accurate information about these firms and their finances.
The Investor Bulletin explains the reverse merger process, describes the potential risks of investing in reverse merger companies, and details some of the recent enforcement actions that the agency has brought against reverse merger companies.
Here is the article where Sustainable Energy Development, Inc. was acquired by United States Oil & Gas Corp., in a reverse merger transaction before they bought Turnbull Oil, etc.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=27603011
COMPANY OVERVIEW
As of January 2008, Sustainable Energy Development, Inc. was acquired by United States Oil & Gas Corp., in a REVERSE MERGER transaction. Netgates, Inc. engages in real estate development, project management, and business consulting. The company is based in Bellingham, Washington.
I can't argue with that assessment of USOG.
"USOG also said that they may DECIDE to abandon the R/S."
Do you really think they would upset investors with this large R/S, and then abandon it????
An R/S in pinky land is NEVER good!
IMO they put in that clause (The Board of Directors may abandon or delay the reverse stock split)
in order to make investors believe that it might not happen so they would vote for it.
Also note the Board’s Voting Recommendations in that same filing below.
What are the Board’s Voting Recommendations?
The Board recommends that you vote your shares:
·
“FOR” each of the nominees to our Board (Proposal One);
·
“FOR” the proposal to amend our Certificate of Incorporation to effectuate a reverse split of our issued and outstanding shares of common stock (Proposal Two);
·
“FOR” the ratification of the appointment of M&K CPAS, PLLC as our independent registered public accounting firm for 2011 (Proposal Three).
http://www.sec.gov/Archives/edgar/data/1439154/000118518511000987/usoilandgas-pre14a071111.htm
"Volume is key"
Very true but what is the "KEY" to "VOLUME"???????
Let's see, maybe a REAL business with a decent PROFIT!!!!!
But, alas, BCME has none of the above!
" live and learn." Isn't that the truth! I've been doing that for the last 73 years. Experience is a pretty good teacher. I just hope all that lost here learned to be very careful where ever you invest. I've been in this same situation in my younger years and learned the hard way. GLTY
"At least USOG can't go any lower. Think of it this way, you only lose when you SELL. Go USOG, LONG and STRONG!!! LMFAO."
Still laughing?
Remember I replied to you with this; "OH but it can go lower, Bankruptcy, 1000 to 1 RS, etc."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64477482
USOG investors are lucky that they didn't declare BK, although this RS will be almost as bad!
As for voting NO on the RS, forget it. Those in control of USOG have to many preferred shares with voting rights that are probably more like 100 to1 votes per share, where the common are 1 vote per share. Either way USOG investors have already lost most of their investment, and will probably lose the rest soon. GLTA.
I guess they see a new crowd of suckers lurking here and trying one more time to lure some into their trap, oops, scam!
Could you please give me a link in the IH user agreement where a poster has to own a stock in order to post on that stocks board. There are others here who sold after the SEC suspension, can they not post? Please read the IH user agreement!
No wonder the SEC shut this stock down.
Can't have balance (Pro and Con) here about USOG. Only "PRO" posts are allowed. Otherwise you get attacked because they can't defend what is posted. Never mind that USOG is under a SEC suspension and no word from the company. If it was a minor problem they would have it cleared up by now.
"Is something wrong with USOG???"
Not much, just a little old SEC SUSPENSION! LOL
http://www.sec.gov/litigation/suspensions/2011/34-64612-o.pdf
"How do you think this situation relates to large cap companies paying CEO millions of dollars when they are fired because their companies are losing money? Are you posting on their boards?"
First off you are comparing apples to oranges here. Large cap companies are under much stricter SEC regulations than Stinky Pinky non reporting companies like GSRE who don't even tell you their share structure on a daily basis, or tell you who really are the owners of the company, let alone their salaries. Let a large cap company tell lies like GSRE has in the PR'S I referred to and see what happens.
As for me posting on their boards about "paying CEO millions of dollars", why would I. I may not like it but they are not lying about it.
"Even if 10,000,000 shares trade that's a total of $5K. Do you really think someone is getting rich off of that?"
Do the math, they do it day in and day out. Also, why are they in this business if they are not making money? They sure don't make any from a legit operation because they have reported $0 revenues for many years. So guess what, they make it by scamming investors. Don't forget, the shares that insiders sell were free to them. If they run low they just up the OS.
"Meanwhile, I'm hoping there are some more sells into .0004. I'm thinking that - based on recent activity - we could push through .0006 in the next couple of weeks."
And what "activity" would that be, more lying PR'S?
GL!
"Dude... relax! You're far too angry!! It's Stinky Pinky what do you expect?"
You bet I'm ANGRY! I'm angry that companies like GSRE are able to lie in PR after PR, SCAMMING investors in the process, and get away with it. I'm also ANGRY because people like you make fun of those who report them to the SEC, as any honest person should!
You're no better than the GSRE SCAMMING management!