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Just dawned on me that now that AEXP is no longer merging with MNLU, what is to keep new money from going into AEXP, and then AEXP making an offer to MNLU to finish the well for X%, or ????
Just the kind of game these clowns are likely to pull later on.
Who knows. I don't. The buy volume was much higher than the sell volume. Could have been an MM tripping stop loss orders with a small sell at the bid.
Some one sure wanted a lot of shares the last few days and was willing to pay a HUGE premium to get them, so I don't think this little rally is over yet.
I just had an old limit buy order filled I forget I had. It tripped and filled today, so I bought more at the low today since I forgot I had that old order was still active. I am still long, in the hopes Steve Harding gets something else going with this one.
Looks like the web site is down. Getting a Gatorhost 404 error on this:
http://www.mainlandresources.com/index
http://www.mainlandresources.com/index.htm
http://www.mainlandresources.com/index.html
this
http://www.mainlandresources.com/
Just brings up some very odd text on a white screen, and nothing else:
Mainland Resources
Corporate
To go back or change directories, you will need to select your desired directory from the "Files In Directory" area directly below this message. The back button on your web browser will NOT work.
Has anyone checked to see if they still answer the remaining Canadian phone?
Using https://www.mainlandresources.com/
Just Brings up a suspended link and error message.
https://www.mainlandresources.com/cgi-sys/suspendedpage.cgi
LOL, who needs news, we have volume and huge price gains with out news!!
I have been way too busy. One of my other may picks (longs) that got hammered just like MVTG by -95% has rallied 400% the last 3 days, on NO NEWS!!!! Maybe MVTG will be next?
I was too busy at may day job all day, just checked in to night to the pleasant surprise, and what a surprise!!! Some think is up, oh, its TTEG!!!! LOL
GO TTEG!!!!
Westrock wins bigger if they take 100% owner ship and strip the asset from MNLU in the long run, especially if Pierce has already sold his 20+ million shares of MNLU under the table (or shorted the stock the last year). Westrock and Pierce have other oil and gas companies like MNLU that they can play this game with again, they do not need MNLU. Or perhaps they hope to pump MNLU one more time first and dump 35 million shares first. I don't know, but they can do either one, all depends on funding the deal and whether Pierce still has his 20+ million shares, or if he has been dumping them and not reporting the dump (of course he would do that, LOL). Right now I see near zero chance left of these guys at MNLU getting funding unless something major changes?
Did you people even read the stuff I found and posted the last week?
I found more:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_M/threadview?m=tm&bn=72680&tid=527&mid=527&tof=14&so=R&frt=2
http://incakolanews.blogspot.com/2010/09/mercer-golds-mrgpob-ceo-rahim-jivraj.html
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:*SEC-1673770&symbol=*SEC&news_region=C
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_M/threadview?m=tm&bn=72680&tid=527&mid=527&tof=14&so=R&frt=2
Also MNLU did a forward split in July 2009, so how many shares did Pierce have post split, 20 or 40 million?
http://caps.fool.com/Blogs/caps-score-correction/227735
The world thought ENRON was totally legit until it blew up too, LOL.
While I tend not to second my guess my own prior decisions once I made them, with insufficient evidence available (which was the case at that time), I rarely jump off the same cliff, once I have seen or felt the results of jumping off the cliff the first time, LOL.
As someone pointed out earlier tonight, all Pierce needs to do is call the notes, and grab the assets in BK and run, since his loans are senior secured notes.
What some people refuse to see is the risk that Powers and Pierce may pull the plug on MNLU at some point, and walk away with the leases and the well, and leave MNLU with no BV Miss., assets, and leave them (retail investors) with a pile of debt.
Why haven't Pierce and Powers funded the well completion with their own millions?
Shares of stock are just another form of money, makes no difference whether they sold the shares first and handed the cash to Westrock, or handed the shares to Westrock in payment of the $2 million dollars. Same result. I am not completely convinced that Westrock still owns the 4 million shares, with all the shady deal history we have just turned up on this bunch.
Go read the original merger contract between MNLU and AEXP, it did not allow AEXP to dilute shares, ( or incur external debt, I think) with any share offers, and Steve Harding (AEXP CEO) confirmed that to me on the phone over the Holidays.
All the major corn based Ethanol plants in the USA went into BK, and most did not survive, all about 6-9 months after that PR. They were all hedging their bets on the cost of futures in the corn market when the bottom fell out of the corn futures market, and wiped them out over night. The corn ethanol assets were picked up for chicken feed at BK auctions in 2009 IIRC, by major gasoline refiners.
I think the market is now discounting a Lafarge pilot plant failure to happen, and if and when Larry finally PR's a start of construction on the Lafarge PP, there will be one hell of a rally.
I am glad someone is finally seeing the real risk here now based on the prior pattern. Just wish we had all known all this 1-2 years ago.
No, that is the date that OMB form approval expires. OMB is Office of Management and Budget (US federal form approval date expires on that date), and has nothing to do with EGOH.
Maybe now he can afford to hire a pro to write is dismal PR's?
LOL
The question is who will they cheat next, and who will they pump next??? And when?
Kinda like owning stock in the law firm, "Dowe, Cheatm, and How", LOL!
Isn't it possible that Wilmont will use the money to pay the fines, then when the first oil sales actually happen (after they have produced some oil), they PR the hell out of it, and then the Cayman shares (or somebodies shares) get dumped only after the price is way way up again from the oil sale news?
If this is true, it may be good news for MVTG!!!!:
http://www.watertechonline.com/environmental-issues/article/expert-says-drilling-caused-11-minor-earthquakes-in-ohio-area
Expert says drilling caused 11 minor earthquakes in Ohio area
CLEVELAND — A seismologist investigating a series of earthquakes in Youngstown, Ohio said the quakes were almost certainly caused by oil and gas drilling used to dispose of wastewater, according to the Huffington Post.
John Armbruster of Columbia University’s Lamont-Doherty Earth Observatory in Palisades, N.Y. said the research is still ongoing and it could take up to a year for the wastewater-related rumblings in the earth to dissipate, stated the article.
“The earthquakes will trickle on as a kind of a cascading process once you've caused them to occur,” he said. “This one year of pumping is a pulse that has been pushed into the ground, and it's going to be spreading out for at least a year.”
To read the entire article:
http://www.huffingtonpost.com/2012/01/02/ohio-earthquakes-caused-by-wastewater-well-drilling_n_1180094.html
Fred, only problem with that Form 4 is that Brent Pierce has already been convicted of selling huge lots of shares through Cayman Island offshore operations by Canadian Authorities, and is now under investigation for the same in the US based on the latest info. And now, as of last night we now know that Brent Pierce was also nailed in Canada 15-20 years ago for white collar stock fraud:
Exeter, however, paled by comparison with colleague Frank Balfour's Bu-Max Gold Corp. scandal.
In mid-1989, Bu-Max declared it had suddenly discovered much of its money was missing, and Mr.Pierce soon emerged as a key target in investigations by the VSE and the BCSC. In a negotiated settlement in June, 1993, the BCSC banned Mr. Pierce for 15 years. The sweeping ban prohibited the promoter from becoming or acting as a director or officer of any company that provides management, administrative, promotional or consulting services to a reporting issuer.
Besides diverting funds from Bu-Max, Mr. Pierce admitted he tendered false documents to BCSC investigators during their probe.
The BCSC's 15-year ban came two months after the VSE abruptly halted trading in yet another dubious Pierce promotion, Cost Miser Coupons (International) Inc., when Vancouver Sun reporter David Baines revealed the promoter was an officer of Cost Miser's main subsidiary, in violation of a temporary ban imposed by the regulator. Cost Miser's main products, purportedly developed by Mr. Pierce, were cash register tapes with coupons printed on the back, interspersed with pictures of missing children.
All of this might keep a lesser man down, but not Mr. Pierce. In early 1993, with his Cost Miser promotion about to blow up, the controversial promoter was hard at work setting up Ultra Pure Water Systems (Canada) Inc., which subsequently listed on the former Alberta Stock Exchange in
March, 1994.
Ultra Pure soon proved to be an ultra-dirty offshore rig job. The promotion blew up in April, 1995, when the ASE halted trading, leaving $2.36-million in unpaid debits at seven brokerages in accounts linked to Mr. Pierce and his associates. Merit Investments of Toronto was hit hardest, with a $1-million debit. Rampart Mercantile bought the weakened 35-year-old brokerage in 1997, later changing its name to Rampart Securities, which itself was shut down by regulators this August.
When Merit filed its million-dollar debit suit in April, 1995, (Maybe we can find more evidence with a search for "Merit & Pierce") Stockwatch revealed the defendants were close associates, and presumably fronts, of Mr. Pierce, the first suggestion that Mr. Pierce might be involved behind the scenes. A subsequent 13-month criminal investigation by the Commercial Crime Section of the RCMP featured searches of 13 brokerage firm offices in Vancouver and Toronto, with Mr. Pierce and his associates as the key subjects.
And nice volume at .085 today already, a very good sign indeed!!!
GO TTEG!!!!
All I can figure is some one had a lot of shares and needed to get out late last year at any price. I hope you longs did not miss buying some of the cheap shares!!!!
The merger precluded AEXP from raising cash. No merger, they can now raise cash. Get it?
AEXP raised $3 million to buy the original lease OPTIONS from Westrock, that started the entire deal. With out that (With out AEXP) there was no BP#1 well, no BV deal at all!!!! AEXP started the entire deal in the first place, not MNLU, and AEXP spent $3 million dollars to buy the lease options that started the deal, not MNLU. AEXP brought MNLU to the deal and signed them up to pay for most of the well cost with JV deal.
Great find, I tried Google and found nothing else at all!
A miracle!!!! LOL.
FYI, Eco saw the opportunity to mark the tape, and took it!!!!! Once that single seller with all those shares ran out the ask went from .04 to .09 so I decided to mark the occasion on the tape for others to see!!!
GLT TTEG Longs, it is a new year!!!
Yes, several of us have talked to Mike Parker on the phone, me included at some length. Why do you say he is fake? Why are you fixated on Mike Parker? IR guys, real or not, usually do not know squat anyway, and Mike Parker was no exception, nothing more than a Public PR parrot.
Schubarth has not been engaged with MNLU for a good while now. I just verified this.
Can you give us a link to "If you read the full set of documents related to all the Mercer issues, you will find the exhibit of Westrock's Articles of Incorporation, which shows Pierce as the incorporator! " and prove this please.
Everything I found and posted so far showed Westrock as a private company, not public, so no articles of incorporation to see? Show me what I missed, prove they exist with a link!!!!
I am running out of time to help find all this stuff and post it. IF it you have links, then post them!!! Show us the proof please! I need to get back to my day job....
Your comments about Guggenheim make no sense, Guggenheim paid 10% cash up front for 8% of the well rights (and maybe the 8% of the JV, ???). MNLU has no loans with Guggenheim now.
I don't see a single link in your post!!! Links man, give me links!!!!!
Please! LOL
I only wish your prior documentation had been more convincing, and more complete. I am still looking for a connection between Brent Pierce and Garry powers of Westrock, so please show us what you have confirming there is a past link!!!!!
If there is, it may be time to go after them all!!!
How was Guggenheim scammed into this deal?
Was MNLU ever legit, i.e., What about 3 years ago when they paid off all their loans and sold out to Petrohawk the properties and wells they had the JV deal with Guggenheim? When did Brent Pierce get involved with MNLU?
What is the story on Lexington, Geneva, and Tresoro and Sono? I found another one I posted this weekend it seems you missed, Morgan Creek Energy, MCKE, also a Garry Powers, Westrock deal gone bad:
http://investorshub.advfn.com/boards/board.aspx?board_id=5846
WILLIAM D. THOMAS. Mr. Thomas has been our Chief Financial Officer and Secretary/Treasurer since August 18, 2008. Mr. Thomas has over thirty years of experience in the finance and accounting areas for the natural resource sector. Currently, Mr. Thomas is also the Chief Financial Officer of Mainland Resources, Inc., and Morgan Creek Energy, Nevada corporations that trade on the OTC Bulletin Board as well as Mira Resources, a Canadian public company traded on the TSX Venture Exchange.
Here:
http://bcjustice.com/index.php?option=com_content&view=article&id=5954:mercer-gold-corporation-nevada-v-mercer-gold-corp-bc-for-an-order-under-commercial-arbitration-act-extending-the-time-for-giving-notice-to-submit-a-question-to-arbitration-for-injunctive-relief-and-for-other-related-orders&catid=502:natural-resources-2011&Itemid=1490
All three backed by leases from Westrock and Mr Powers!!!
Yes, that is true, but you are missing the point. The question now is will any one with real money trust MNLU with a JV deal and or cash to finish this well at this time, with all the Mercer Gold dirty laundry out in public view? It was going to be a very tough sell with NG at $3, and with many industry insiders balking at fracking the well (risk) it was an even harder sell, as evidenced by the 13 month delay in completing the well, but now they will wonder if they can even trust MNLU management.
It was interesting to see both stocks rally today.
And no I am not trying to scare anyone. I am trying to engage every one in fact digging, and examining the facts and the implications of the facts, good and bad.
One option might be an MNLU buy out now (or a 50+% take over via huge dilution), and replace MNLU management, to save it from BK, but only if management agreed in time? And only if Westrock agreed to sell the leases to the new buyers, and only if the Westrock leases are not themselves somehow defective (which no one has found proof of one way or the other). Lots of possibilities here and what ifs!!!
Near as I can tell, and so far no one has posted any thing to the contrary, it seems that Westrock holds all the cards. What we still do not know is if Westrock still owns 4 million shares of AEXP. We also do not know if Mr Pierce (?) still owns 20 plus % of MNLU. The big question now, is can MNLU finally raise the cash or cut or JV deal. IMHO no one will cut a JV deal with MNLU now, until Westrock has actually signed over or sold the BV leases to MNLU, in such a way that Westrock can not cut and run again, like they did to AEXP.
Such a deal might happen simultaneously.
Right now these characters seem to be trapped in their own web they have woven now that the SEC is underfoot and the mud slinging is going on over at Mercer Gold.
The sad part of all of this, is that MNLU was a huge success 2-3 years ago, and this is a great prospect long term.
I would call it a Peyton Place Drama, LOL!
For those that are too young to remember!!!!
http://en.wikipedia.org/wiki/Peyton_Place_%28film%29
Peyton Place was a 1957 American drama film
The plot was:
The film is an exposé of the lives and loves of the residents of a small New England mill town, where scandal, homicide, suicide, incest, and moral hypocrisy hide behind a tranquil façade in the years immediately preceding and following World War II. At the core of its plot are three women. Constance MacKenzie is a prim and proper sexually repressed woman who had an affair with a married New York City businessman and bore him a child out of wedlock. She has struggled to shield her daughter Allison, a high school senior and aspiring author, from her tarnished past, leading her to believe she returned to Peyton Place with her newborn baby after her husband died. Selena Cross, Allison's best friend, is a good girl living on the wrong side of the tracks. Her alcoholic step-father, Lucas Cross, terrorizes the family, abusing his wife and child behind closed doors.
You are mistaken. Westrock holds the leases, always did it seems, and if MNLU fails to get the deal funded, Westrock will walk off with over 10,000 acres of BV leases and the well. REad the documents I posted and see the links I posted. AEXP only had an option to buy the leases from Westrock, and defaulted on that option, according to the MNLU SEC report. MNLU now has a "tentative" deal with Westrock on the leases AEXP had an option on, and if MNLU does not get funding and finish the well, rest assured Westrock will bolt and find another O&G company to buy into the deal and complete the well. In fact, if Westrock still owns 4 million shares of AEXP, then AEXP which is now free of the MNLU merger deal (which tied their hands from raising cash), could now raise cash, and back stab MNLU next, as far as I can tell.
The question now is, can MNLU find a partner or raise cash with the officers and insiders tied up in the Mercer Gold SEC court case, with MNLU officers, ex officers and directors, and insiders all slinging mud at each other in open court documents?
Well If Westrock still holds 4 million shares of AEXP, and still has a solid lock on the BV leases, then they may cut a new deal with AEXP if MNLU trips and faulters, and goes BK. I think Westrock holds the real ace!!!!
I see no sense in a taking a 95% loss here, with that possibility still out there.
LOL, cheap shares may be finally gone here, I just slapped the asked, LOL, we are up 147% LOL!
Somebody just cleaned out the last of the .04 shares, about 190,000 shares left over from whoever was dumping shares the last 2 weeks (tax loss sale perhaps?), and the ask just jumped from .04 to .09!!!!!!!
My AA shares have gone ballistic today!!!! Must be pump the market time, new year!!!!!
Go TTEG!!!!!
My question is what game or play will they make next, and is their more than one gamster trying to set the plays, and another battle pending for control as a result?
I don't think anyone thinks the well itself is a scam. The question is who will own it and finish it in the end game?
Right now I don't think any one knows the answer to that question for sure, with people double dealing their hands behind the scenes, and the recent evidence, how could we know? For that reason, I see both companies as a pure gamble now, with the cards stacked against the current retail stockholders (which includes me with AEXP shares).
FWIW, I bought my first shares of AEXP at .60 (was equal to paying $2.40 for MNLU at one time).
I think it appears that Westrock holds the cards (maybe always has?), and no one even knows if Westrock leases are solid or for how long, as we have seen no disclosure from Westrock as to what may or may not be rotting in their lease deals!
Hmm, down 48% on a big market wide rally day? Something must be wrong with COIN?
ROFLMAO!!!!!
I wonder if they are planning to get into the compostable toilet paper business soon with all these trillions of worthless shares they are dumping? LOL
The CEO, Thomas, it would be in the SEC fillings somewhere. Peterson has not been an insider for years now.
Another PR pump, with no substance:
http://ih.advfn.com/p.php?pid=nmona&article=50589895&symbol=CABN
Show me the sales Byron!!!!
LOL, in case you missed it, the sky was falling the last 8 months of the year last year!!! LOL
Hmm, now I am wondering why the money AEXP had lined up for their 20% share of the first well costs, bailed at the last minute. I never gave it much thought before, perhaps they found something under the rug at the last minute and ran, or...? Of course that was a good while back, nearly 2 years now I think.
Yes, it seems early indications that Canada was going to drop out of the GHG, CO2 initiatives in the recent South Africa global warning, world wide conference of governments (to hash out new deals fro controlling GHG emissions), were premature based on that and other bits of news I have seen since the last 2 days of that conference.
Let's hope that this is the year that MVTG comes out of the cellar with fists flying, kicking ass and taking names, LOL.
IIRC, Thomas is the only guy (or key one) with all the needed experience to put the new tech together, and keep the thing from falling apart for now, the real science guy, IIRC????
I agree with you partly, in that AXPW is not a buy yet (investment or otherwise), and has not been for some time. Until large stock holders that are and have been publicly liquidating shares end the selling or run out of shares, and until they turn the corner from massive cash burning, to at least break even, and until they sell new shares to raise the cash (dilution) they will soon need to feed the cash burn with fresh cash from new investors with enough cash to last for at least another 12-24 months. IMHO, this stock could be in real trouble now. Just look at other DOE funded darlings, Solyndra and BCON (Beacon), that went into BK last year. I sold my shares at the last rally, around $1.25 apx. I think I kept a few shares from my profits, just in case, but they are down about 75% now.
FWIW, even the other battery companies I own stocks in have gotten hammered, including one making record profits. It got hammered because it is in China and has been smeared by short attacks and the China short scares, ABAT. The entire sector is doing very poorly, Even JBI is way down, 40%????.