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CORPINFO, How is it that you can book an asset of $1,600,000 and not even have title to it. You claimed you never received an assignment from Bialy, yet you put out a PR that you bought and sold this Crows Run Project. Have you put this as a liability on the books now? Could this be borderline fraud
? In reality, AEOH does not own anything but a liability of a lawsuit with Bialy.
People are buying this stock based on PR's about a $1,600,000 acquisition and asset that in reality does not exist. That is not good.
CORPINFO, How is it that you can book an asset of $1,600,000 and not even have title to it. You claimed you never received an assignment from Bialy, yet you put out a PR that you bought and sold this Crows Run Project. Have you put this as a liability on the books now? Could this be borderline fraud?
Crowin, the next PR will be something like this.....Now that the test has concluded on the Eberle well, we are excited about deepening the well open up our new Geological Discovery of 100,000 barrels of oil in the Buda formation.......this will stretch it out a few more years........The PR will not say the well is a dud and we need to try again..
They are spending money like drunk indians down in Tilden Texas. They wiped out a bunch of small service companies and are still going strong. They are even drilling wells under a new name now. If you want, let me know I can get the facts for you pretty easy.
wait a few weeks? LOL people have been waiting for years. Same old stuff "wait a few weeks for the big news"......blah blah blah ...no revenue, no production.........no filings, default on loans, default on acquisitions....same old stuff
Cease Trade Order
Aeon Holdings Inc.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
1 Aeon Holdings Inc. is an OTC reporting issuer under BC Instrument 51-509 Issuers Quoted in the U.S. Over-the-Counter Markets (BCI 51-509).
2 Aeon Holdings has not filed:
1. comparative annual financial statements for its financial year ended May 31, 2009, as required under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) and section 5(b) of BCI 51-509,
2. interim financial statements for the interim periods ended February 28, 2009 and August 31, 2009, as required under Part 4 of NI 51-102 and section 5(b) of BCI 51-509,
3. a Form 51-102F1 Management's Discussion and Analysis for the periods ended February 28, 2009, May 31, 2009 and August 31, 2009, as required under Part 5 of NI 51-102 and section 5(b) of BCI 51-509, and
4. a Form 51-102F2 Annual Information Form for the year ended May 31, 2009, as required under section 5(c) of BCI 51-509, (the required records).
3 Under section 164(1) of the Act, the Executive Director orders that all trading in the securities of Aeon Holdings cease until:
1. it files the required records, completed in accordance with the Act and rules, and
2. the Executive Director makes an order under section 171 of the Act revoking this order.
4 November 30, 2009
Allan Lim, CA
Director
Corporate Finance
Call
to Verify, Edward Shaw at STO OPerating 210-545-5994. The three closest STO wells to Eberle.
1. STO Waschmann, API # 42-021-31590 Dry Hole
2. STO Black API # 42-021-31576 Cum 4515 BO, Current 0.7 BOPD
3. STO Steinback API # 42-021-31571 Cum 3561 BO Current 0.58 BOPD
4. STO BANKRUPTCY PROCEEDINGS NOW
I guess the puzzling part to me is why would you agree to supply capital to start production, and then use the excuse that there was no production to get out of putting up your capital? I dont blame him for not assigning the leases, he wants to cash out now because he does not want to be a partner with GSRE or AEOH. Smart man.
This guy is being sued and still blames the other guy. LOL He is talking smack about Bialy being leveraged? Is that the pot calling the kettle black or what? I smith coffee all over my puter when I read his response. It was a very poor explanation.
CORPINFO,
In your Joint Venture Agreement dated December 29,2008, with Bialy Gas production, atricle IV d., GSRE was to supply Capital sufficient to START and maintain production of the Crows Run Project and to rework & develop wells as deemed worthy by both parties. You signed the agreement, acknowledging that it was not producing and you would provide the capital to START it.
scroll on down here and you can see the specific terms on the original and amended agreement w Bialy. It appears that none of these payments have been made to Bialy. Nowhere in the agreements does he guarantee that the well are producing or will ever produce.
http://www.implu.com/releases/2009/20090220/21956/ex101.htm
See Schedule 5
corp, according to your PR, you knew there was no production, you even stated that it was about to commence. Let me refresh your memory. ""During my 6 week stay in Pennsylvania earlier this year I was able to spend extensive time onsite mapping out our Operation Plans and meeting with key operatives with our well service partners and onsite manager. Now that we don't have anything holding us back we can start the production of oil as soon as possible and don't expect it any later then the end of January," stated President Toth.
President Toth continued to state, "We have now scheduled the onsite manager to commence production. Financed capital can now go directly into the reworking of each of the wells and revenues will start to grow with more wells coming online."
CORPINFO, Here is one of your PR's. You say the proxy has been approved, well, wheres the beef? We are waiting this secret acquisition news.
"Green Star Energies, Inc. has signed an acquisition agreement for an operational revenue-generating closed-loop green project in the Pacific Northwest. Due to the nature of the agreement, Green Star will not be able to release extensive detail or the name of the Company until the proxy has been approved. The acquisition will include a merger into a Green Star majority-owned subsidiary [subject to acquisition] whereas additional working capital will be raised.
The acquisition will include city contracts for delivery of bio solids, several real estate properties where the nonpetroleum fertilizer [bio solids] will be deposited, a trucking company which currently has the city contracts to transport the bio solids, the energy crops that were just harvested including Camelina which has been contracted by British Petroleum (NYSE: bp - news ), and the installation of up to 138 wind mills on one of the properties to join the wind farm already housed in the Columbia River Gorge. Assets currently booked by the Company prior to the acquisition of the Trucking Company exceed $1.7 M.
Bialy wasnt paid, so he quit. GSRE never put the wells in production or made note payment, so he is suing to get title back to his leases.
Maybe Bialy quit because he was not getting paid his contractual amount? That amount was $5,000 per quarter. Did he get paid that? I doubt it or he would not be litigating to get his clear title back. Why didnt GSRE do its DD before giving stock to someone? A prudent CEO should not rely on any outside person for DD prior to an acquision. Why wasnt any of this disclosed after there were numerous PR's about this lease should produce $300,000 for GSRE? Isnt that certainly material information? What if I bought solely on your PR?
You can do a search here .....http://rod.co.beaver.pa.us/UserFrame.htm........and see that Bialy never sold or assigned it to TNOG or GSRE....
more legal troubles for GSRE. Found this on Yahoo. What is this all about CORPINFO?
"We all know Green Star has lost the Crows Run project, but here is some news. I am home visiting my wives family in the Pittsburgh area for the holidays and went to the Beaver County courthouse today and found that Bialy Gas Production LLC, is seeking Declaratory Judgment against Green Star and is suing them in court. I did some more digging after that and found Green Star has never owned the wells. In fact, the wells, oil purchase contract, and the leases have never left Bialy Gas Production, LLC's possession."
more legal troubles for GSRE. Found this on Yahoo. What is this all about CORPINFO?
"We all know Green Star has lost the Crows Run project, but here is some news. I am home visiting my wives family in the Pittsburgh area for the holidays and went to the Beaver County courthouse today and found that Bialy Gas Production LLC, is seeking Declaratory Judgment against Green Star and is suing them in court. I did some more digging after that and found Green Star has never owned the wells. In fact, the wells, oil purchase contract, and the leases have never left Bialy Gas Production, LLC's possession."
Based on facts, you are correct, it was illegal. What is next? Is there anything worth litigating? Someone needs to put a stop to the scam, the regulators do not seem to care. Time for a little class action deal I guess.
Wow, Oil and Gas prices are great and this stock is on rock bottom. Does not make sense.
LOL, You have no choice but to wait. They have been around for numerous years, if they were for real, there would be some tangible evidence by now.. The only reason you are waiting is because the stock value is rock bottom, you know the only hope is in the pump and dump. I would not even sell mine to anyone because I know it is a scam. However, If Toth or Clayton Smith, CORPINFO, wants to buy mine back for half of what I have in it, I would be happy to sell it to them.
The news on other boards is that the Eberle is not selling oil or gas.
You cant say that they have what? And what will you wait and see?
Tejones pricipals were in the Drake Gold deal with Brandon, Clayton Smith etal. What does that tell you?
CORPINFO,
Why dont you update the shareholders on the status of the Eberle Well. You put out a PR 3 weeks ago doing a pump and dump, but never stated what the production was. Is it zero? Is it 50 BOPD? What did you do with the pipeline money? You borrowed $100,000 to put in a pipeline, now there is no pipeline, what did you do with the money? Why have you not made the loan payments? How many shares of your stock is out? It appears you increased the AS from 750,000,000 to 3 Billion without majority approval. Why are you filings not current with GSRE? What happened to your pump and dump with EDVP? Bunch of PR's. Now nothing, no revenue, no pr's, no reporting, nothing.
GSRE is a scam, they have never produced one penny of revenue, oil, or gas. Their only well has over $300,000 in liens and no production from it. All they produce is PR's.
Is Mr. Hale going to be accountable to the shareholders for spending the $100,000 for the pipeline on something else?
Pretty bad week, it could not get much worse from rock bottom, so expect next week to be better. The silence on if the well is producing or not is killing the PPS. They will probably pump it back up next week with another PR about how Green the future is.
Eat Sleep,
Here is your document for the loan default.
A little birdie flew by and dropped this.....
As we approach the end of 2009 we have reached a new level as a Company where we are entering the production stage and management is now introducing new oil opportunities. As more developments are made on the Eberle #1, management has launched with full force our new plans using our majority owned subsidiary, Aeon Holdings, Inc. There is lots to discuss so we hope to maintain strong lines of communication with you on this subject to get your feedback going forward.
Due to the timeline we have found ourselves underfunded going into December. I wanted to apologize for the delay in sending out the note payments as obligated under your current agreement. We are putting everything together and will get them out as soon as we possibly can. We have recently secured some more funding and are waiting for funds to hit the account to mail out the checks.
Due to our current plans between AEOH / GSRE we have a need to settle outstanding debts and we wanted to reach out to each of you to ask your opinion in getting paid off as early as January or February. In this case you would get your principle plus any interest earned to date at that time. We intend to get into more details with you on this matter and the motives behind our current plans. Much of this can be best discussed by getting in touch with Tim as he has been briefed on the situation. Please contact him at the office when you get time @ 360-977-6820. Thank you for your patience as we are going through this process.
Sincerely,
Brandon Toth, CEO
Green Star Energies, Inc.
10000 NE 7th Ave. 100-C
Vancouver, WA 98685
How can a company and its shareholders that have 3 Billion Shares possibly justify getting a $100,000 loan?
Why would anyone in their right mind buy a stock from someone who does not do their required reporting. You may as well invest with the guy living under the bridge.
Lots of people unloading on the news of the loan default and imminent bad news on the Eberle. What a shame.
Cease Trade Order
Nov 30, 2009
Pink OTC Markets News Service
Vancouver, BC, Canada —
Cease Trade Order
Aeon Holdings Inc.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
1 Aeon Holdings Inc. is an OTC reporting issuer under BC Instrument 51-509 Issuers Quoted in the U.S. Over-the-Counter Markets (BCI 51-509).
2 Aeon Holdings has not filed:
1. comparative annual financial statements for its financial year ended May 31, 2009, as required under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) and section 5(b) of BCI 51-509,
2. interim financial statements for the interim periods ended February 28, 2009 and August 31, 2009, as required under Part 4 of NI 51-102 and section 5(b) of BCI 51-509,
3. a Form 51-102F1 Management's Discussion and Analysis for the periods ended February 28, 2009, May 31, 2009 and August 31, 2009, as required under Part 5 of NI 51-102 and section 5(b) of BCI 51-509, and
4. a Form 51-102F2 Annual Information Form for the year ended May 31, 2009, as required under section 5(c) of BCI 51-509, (the required records).
3 Under section 164(1) of the Act, the Executive Director orders that all trading in the securities of Aeon Holdings cease until:
1. it files the required records, completed in accordance with the Act and rules, and
2. the Executive Director makes an order under section 171 of the Act revoking this order.
4 November 30, 2009
Allan Lim, CA
Director
Corporate Finance
Confidence is falling every days that goes by an there is silence on the results of the Highly touted Eberle #1. Toth stated that this production stage was very exciting to the company. Well, dont you think reporting the production may get people excited more than your words?
If the noteholders decided to foreclose on the note, they would be in line behind Schlumberger and Bulldog. There is not a release from Bulldog file either.
I checked and you can get a turnkey on what they did on the Eberle for $20,000. That would include 2 days rig time, 2 used 210 bbls steel tanks, one 30" x 10' vertical separator, hooked up with new parts, not used. Maybe a rebate is coming.
why would you see it going up if the zone they are in on the Eberle is non commerctial? That means no revenue, no note payments.......
GSRE is going to abandon the zone they are in, and start pumping the deal of 100,000 barrels of oil waiting on them in the Buda. If anyone needs verifiable DD on the Buda wells closest to the Eberle, let me know, I have all of the Data. The pie in the sky well they are talking about is miles away. In fact, there are about 5 or 6 wells between the Eberle and the good well, all are dry or non-commercial.
How much is it producing?