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Is Kamal being retrialed?
Hey TB:
Its been a while. Wasn't there a push sometime back when a group of stock holders tried to put someone on boad of directors? What ever happened to that? As I recall, just after that vote, Bruce changed bylaws (retroactive to prior to vote from independent stock holder) stating that only the board of directors can call for a vote. Last I heard they had taken out a lawsuit against the board. What ever happened to that?
I think Bruce will look to sell the leases to one of his other companies, use the money to pay off some old invoices and leave us with nothing.
TB: I was out for over a week due to 2 death in family and had to travel some (without use of a computer - I felt naked without one). Send me email on other matter.
Even if QOIL drinks up all of the oil, 540 acres of land can be used for other things. Land is never worthless!
Is there any law suits on behalf of stockholders to get our money back? I have 450,000 shares of UPDV and I have had it since about the time Kamel became head of UPDV. Is anyone trying to get their money back?
Maybe I should invest in this TransCanada Oil Pipe Line Company. Anyone thier symbles?
What does this mean? Did they buy the land or not?
If they are in default, how were they able to purchase 540 acares of Texas Land with some oil still on it?
Correction to prior math cal. It's more like $175.00 for 250,000 shares.
In reply to your question. It is just someone with a little extra money doing some Spec. Don't look at 250,000 share as a lot of money for PPTL it is just about $1,750.00 In this case it means nothing.
I think it's all because of Middle East Crises. Once this is over everything will go back to status quo. This happened back in late 1980's and Early 1990's when most, if not all, European communist Countries, all of a sudden became Democratic. I see history repeating itself in Middle East.
With the crooks convicted, does anyone know of any law suits out against these crooks for the money they stole. It should be a class action either agains the crooks or the company itself.
It should, but Kamal and his goons dumped so much HTOG stock on the market, that even if it goes up, the effect is minimal.
Greg:
Nice to have you back, you're one of the few who knows what they a talking about. TB if that was Bruce in that video of transcandian pipe line? Is there anyway we can contact Bruce through Transcanda?
With price of oil going up due to mideast conflict. Why hasn't Qoil made any significant move upward? Is there something holding the stock from going up?
n an earlier email (in Nov) I had stated that UPDV still owned 52% of HTOG. I was corrected by a person on HTOG site, UPDV did at one time own 52%, but they secrectly sold 4/5 of this and was left with about 10%, plus the convertable bonds. So I still see UPDV stilling owning assets in HTOG, just not as much as I thought!
I sent an email to FBI, to try and find out if they sized Kamal assests and if the stockholders can make a claim against it. I'll let you know if FBI answers back. In mean time, everyone else shold also ask the FBI the same question.
Good Luck
Your purchase of 100M Shares went no where because the company has over 8.8B shares O/S. So your 100M only represented about 1%.
No. It is quite possible that when UPDV did have 52%, that they put their own people in key position and still have influence over HTOG operations. Remember 10% of the stock ownership can put key people on the board and key people in position of power. Especially since UPDV still owns convertable bonds of HTOG that can add another 18% voteing interest on their side.
No. It is quite possible that when UPDV did have 52%, that they put their own people in key position and still have influence over HTOG operations. Remember 10% of the stock ownership can put key people on the board and key people in position of power. Especially since UPDV still owns convertable bonds of HTOG that can add another 18% voteing interest on their side.
OK Mike I read the HTOG 2008 10Q and it did say that UPDV owns 16% after a 10 for 1 reverse split. Which means that it sold or traded the stock. I use the word traded, because when you read what happened back then (All intercompany transactions of UPDV), you would need to be an Einstein to understand it.
I stand corrected.
That's impossible. If UPDV reversed split its stock, that doesn't mean ownership of other stock goes down. The only way ownership can go down is if sold or gave away HTOG stock. Come on use common sense. UPDV as of June 2008 still owned 52%.
I know that Trans Canada is currently building a pipe line from Alberta to Illinois and another to two Areas in Texas. Phase One to Illinois is complete, Phase two is already in midwest and should be completed (into Texas - 2 Seperate Areas) by 2013. Maybe quest can hool up to this new line.
Your right it does look like bruce. Notice the back round, its as if he is some sort of head person there. However I did not see where PPTL was associated with this pipe line. Let mw know where you saw this.
I think it is the unrest in Egypt and today Jorday fired all of it cabinet people, eyes are on Middle East, Again!
Your mistaken 22 barrels of oil at about $78 per barrell or $1,716.00 per day at ten site per day it adds up to $17,160.00. Not $22,000.00 per day. As for gas, they have meter that read how much gas is recovered and can either be connected by pipes to a gas pipe line or hauled by trucks, which depending on the size of the truck up to 10,000 BTUs.
Quick question: There are different sizes of Barrels, some hold 40 gal, others hold 45 gal, 50 gal and 55 gal. I never knew how much gals per barrell there is when they speak about barrells of oil. Does anyone how much they are talking about on the News?
Here are some questions.
When will QOIL file 10Q again?
After B&B Merger last year, Qoil stock went from about .01 a share to now, about .0004 per share. This is most likely due to stock issued to holders of B&B for their share of B&B stock are selling QOIL shares, driving the price down. With over 8 Billion shares out standing, will QOIL look to buy back this stock (At huge discount) so that it can protect current stock holders?
(one million dollars buy stock at .0001 per share, can almost buy back over 8 Billion shares of QOIL. This will bring the price of stock , still left outstanding to about $10.00 per share. QOIL can then reissue 2 million shares and get $20,000,000.00. Making a net untaxable $19,000,000.00 to work with).
What is gas production? About How much is it sold for? Daily!
If there is oil production, how much does QOIL produced? and are we locked up to a contract at a spacific price? for How Long? or is it sold at Market Value?
I purchased this stock about 4 years ago (Prior to the merger last Sept). Since I purchaed the stock it was hovering about .01 per share. Then when they purchased B&B Oil with stock, the share price went down very fast to what you see today. I believe that the old B&B owners put up their shares for sale to get the cash (Bringing the price down). I also believe that Qoil paid a premium for this stock (Issued additional shares - sort of a GOODWILL). Then shortly after that, I read that they were looking into a possible another take over of another oil company in Texas (Don't know if that ever went through). Outside of that, I don't really know who is running the company (Is this person part of the original Qoil or did he come in from B&B Oil?).
I'm with you, I already sold out HTOG, however I wasn't able to sell my 550,000 share of UPDV, before SEC stopped its trading on April 9, 2010. So I keep an eye on HTOG because as far as I know UPDV still own 52% of HTOG and there are rumors that after SEC pulled UPDV certificate, UPDV switched roles and became a sub of HTOG (I don't know if this is true or not, it's just rumors).
Who is EENI merging with, UPDV? In 2009 two officers of EENI were elected to board of UPDV. I understand that due to legal problems, they never sat on the board of UPDV. Now in December 2010 EENI announces that they are merging. But they didn't with who. Is it possible that they are merging with UPDV?
Can anyone find out and let us know?
IS UPDV Merging with Exterra Energy Inc.? Read below and see what you can make out of it.
don´t know for sure, but there is a possibility that UPDA is on the way to a merger with Exterra.
this was the first try
MAJORITY WRITTEN CONSENT
OF
THE STOCKHOLDERS
OF
UNIVERSAL PROPERTY DEVELOPMENT AND ACQUISITION CORPORATION
The undersigned, being a majority of the stockholders of Universal Property Development and Acquisition Corporations (the "Corporation"), a Nevada corporation, acting in lieu of a meeting pursuant to Section 78.320 of the Nevada Revised Statutes ("NRS"), do hereby consent to and adopt the following resolutions as if taken at a duly held meeting of the stockholders of the Corporation:
WHEREAS, pursuant to the organizational documents of the Corporation, a Board of Directors (the “Board”) consisting of three members must be selected, and
WHEREAS, there currently exists two (2) vacancies on the Board, and
WHEREAS, the shareholders whose signatures are attached hereto have concluded to appoint the following individuals to the Board, it is hereby
RESOLVED, that, pursuant to section 78.330 of the NRS, Mr Robert Royal and Mr. Todd Royal are hereby elected as members of the Board of the Corporation effective as of the date of the execution of this Consent of Stockholders by the holders of a majority of the outstanding common stock of the Corporation and that as of such date Mr. Royal and Mr. Royal shall be authorized to act on behalf of the Corporation in such capacity; and be it further
RESOLVED, that such members shall serve as members of the Board of the Corporation without compensation but shall be held harmless and indemnified by the Corporation for any and all lawful action that they take or decisions they make in such capacity; and be it further
RESOLVED, that any action heretofore taken and all other documentation heretofore delivered by the officers or directors of the Corporation in furtherance of the foregoing resolutions be, and such actions hereby are, authorized, approved, ratified and confirmed in all respects.
Signature page to follow
IN WITNESS WHEREOF, the undersigned have executed this Written Consent as of the ____ day of September 2009.
NAME SHARES
__________________________ ________________________
Print Name:
-------
Dear UPDA Shareholders -
While we greatly appreciate the confidence that you have shown in your attempts to appoint us to the Board of Directors of Universal Property Development and Acquisition Corporation, we regret to inform you that the current management of UPDA has refused to acknowledge that appointment, claiming that they have amended the By Laws of the company in order to limit the rights of the shareholders to make such appointment. While we strenuously disagree with their contentions and doubt their authenticity, we have been advised by our attorneys that we cannot enforce our appointment to the Board without the institution of legal action that would be time consuming and extraordinarily expensive for both us and the company. As such, we have no alternative but to report to you that we will not be accepting your appointment of us to the Board of Directors and we will, rather, restrict our efforts to the ongoing development of Exterra Energy, Inc. (OTC BB: EENI).
Although we will not be taking our seats on the Board of UPDA, we remain sympathetic to the plight in which you, the shareholders of UPDA, presently find yourselves. In our investigation of the companies affiliated with UPDA including Continental Fuels, Heartland Oil and Gas and Geer Tank Trucks, we were most frustrated to discover that they were subject to numerous lawsuits and we were informed by the attorney that represents them and claims to sit on their boards that the companies and the current management are also subject to criminal investigation and have already had assets seized by Federal Law Enforcement Authorities. Mr. Saunooke also informed us that they (he and Mr. Brink as the alleged members of the Board of Directors of UPDA), had stripped UPDA of all of its assets, transferring them to Continental Fuels in a transaction that, in our opinion, appears questionable at best.
Finally, Mr. Saunooke refused even to provide us with any documentation relative to his claims so we cannot even report to you that we are certain that any of his claims are true. It was our sincere hope and belief that we may have been able to rescue the companies from their catastrophic circumstances but given the refusal of Tim Brink, the CEO of the companies, and Robert Saunooke, his attorney, to recognize our appointment, we have no alternative but to withdraw from the situation.
Should you decide that further action is warranted, please be advised that we are prepared to cooperate with you and we will provide you with any information that is available to us. We certainly wish you and the companies the best of luck and we deeply regret that Mr. Brink and Mr. Saunooke refused to allow us to utilize our resources to assist them.
Robert and Todd Royal
now EENI brings out this news
Exterra Energy Inc. Signs Letter of Intent to Merge with Industry Partner
FRIDAY , JANUARY 14, 2011 09:22 AM
AMARILLO, Texas--(BUSINESS WIRE)-- Exterra Energy Inc. (OTCBB: EENI) announced today that the company has signed a Letter of Intent to merge with an Industry Partner. The terms and conditions of this merger will be disclosed when the Company announces the Definitive Agreement which is expected to be announced in the very near term.
Management is eager to close this transaction because of the synergistic opportunity the combined companies represent increasing the portfolio of assets and cash flow.
Exterra will be enhancing its management team by adding a highly skilled individual with over 40 years of experience in the Oil and Gas space. His most recent Major Oil company experience was with Exxon Oil Company as a top executive.
The CEO of the Industry Partner stated, "We are pleased to be able to reach this agreement and feel that the combined companies will open up much larger opportunities in the oil and gas space for the new company."
Current Exterra management welcomes the depth and breadth of knowledge and experience that this individual carries to help guide and direct the future path of the company.
Todd Royal, CEO/President of Exterra, commented, "This planned merger of the two companies will bring an additional 5MM Barrels of Proved Reserves along with an increase over current production of more than 140 barrels per day. This enhancement of resources will add to shareholder appreciation as well as give the combined company some attractive financing opportunities."
Commenting further, Mr. Royal said, "This acquisition cements management's plan to grow with Proven Developed Producing (PDP) assets, thus increasing revenues, net earnings and shareholder value."
About Exterra Energy, Inc.
Exterra Energy, Inc. (OTCBB: EENI) is an emerging oil and gas exploration production company based in Amarillo, Texas, with a Field Office in Parker County, Texas. Exterra is committed to a strong acquisition strategy purchasing producing oil properties that are undervalued due to current market conditions. Exterra is primarily active in the development, acquisition and operations of oil & gas properties. Please visit our web site at www.exterraenergyinc.com.
Safe Harbor
Statements about the company's expectations, including revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements.
Source: Exterra Energy, Inc.
Redstone Communications, LLC
Investor Contact, 317-337-1800
Tarwc@aol.com
http://finance.yahoo.com/news/Exterra-Energy-Inc-Signs-bw-2868978989.html?x=0&.v=1
mark mcbryde is the operator of EENI and runs also the wells of UPDA
it is only a possibility, but some points fit. maybe someone can bring in his dd to confirm that.
Even though SEC pulled UPDV from trade board. It appears UPDV is still in business. Below is an artice printed by GlobalData on 12/17/2010.
http://www.pr-inside.com/universal-property-development-and-r2311795.htm
"Universal Property Development and Acquisition Corporation (UPDV) - Financial Review" Published
Print article
Refer to a friend
2010-12-17 05:32:11 - Recently published research from GlobalData, "Universal Property Development and Acquisition Corporation (UPDV) - Financial and Strategic Analysis Review", is now available at Fast Market Research
Universal Property Development and Acquisition Corporation (UPDA) is a Florida based energy company. The company is engaged in acquisition, production, development, storage, distribution of oil and natural gas. UPDA operates as a holding company and holds controlling interests in six energy businesses. The company operates through six subsidiaries, which are Canyon Creek Oil & Gas, Inc., Catlin Oil and Gas,
Inc., Aztec Well Services, Inc, UPDA Operators, Inc., Heartland Oil & Gas Corp, and Continental Fuels, Inc. The company's areas of operations are across the Jack County, Palo Pinto County, Dallas county, Coleman County, Bexar County, Harris County, Cameron County in United States.
This comprehensive SWOT profile of Universal Property Development and Acquisition Corporation provides you an in-depth strategic analysis of the company's businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company's key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.
This company report forms part of GlobalData's 'Profile on Demand' service, covering over 50,000 of the world's leading companies. Once purchased, GlobalData's highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of Universal Property Development and Acquisition Corporation, including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days. (excluding weekends).
The profile contains critical company information including,
* Business description - A detailed description of the company's operations and business divisions.
* Corporate strategy - Analyst's summarization of the company's business strategy.
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* Company history - Progression of key events associated with the company.
* Major products and services - A list of major products, services and brands of the company.
* Key competitors - A list of key competitors to the company.
* Key employees - A list of the key executives of the company.
* Executive biographies - A brief summary of the executives' employment history.
* Key operational heads - A list of personnel heading key departments/functions.
* Important locations and subsidiaries - A list and contact details of key locations and subsidiaries of the company.
* Detailed financial ratios for the past five years - The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
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Universal Property Development Corporation (UPDV) Stock Trading Info:
Does anyone live out there in Alberta?
See if you can meet a company official, ask questions, don't be shy. Also get me his name and phone number. I'll ask questions and post all questions I ask and give every answer given to me.
This is the problem, everyone who sees the 10-Q Report thinks that it is the current report. It's not! Look at it again, it's the report filed for 06/30/2008. That the last one HTOG filed, which is about the time UPDV took control.
This is the problem, everyone who sees the 10-Q Report thinks that it is the current report. It's not! Look at it again, it's the report filed for 06/30/2008. That the last one HTOG filed, which is about the time UPDV took control.
I have Kaspersky anti virious program (the more expensive version) and I have never been attacked by way of investors hub. Most of my attacks comes by way of email. My last attack came by way of an upgrade by Microsoft (that one cost me money as it attacked the bootup file).
I don't have the upgraded version of Investors Hub. I can't send him direct email. However if anyone does have the upgraded version, maybe they can look him up, get us some personal info on him (such as email address, maybe reg. address, tel No. etc).
This is the first time I hear of a reverse split on UPDV. I had owned both stock for over 5 years and I never saw a reverse spit shown by my brokers statements to me. I sure would like to know where that came from! Also a reverse spit does not mean the ownership percentage of HTOG stock had changed. The only way the ownership percentage could have changed, is by UPDV selling HTOG stock. Lastly if the article is right, and UPDV raided HTOG cash reserve accout by 27 million dollars, by Kamal, why isn't HTOG taking a law suit out against Kamal and UPDV to get its money back?
What about the convertable bonds HTOG issued to UPDV, which would bring up ownership percentage up to 70%? Why didn't he say anything about that?
I don't think the person who wrote the article got all of the information to write a complete informed opinion. TOO MANY QUESTIONS UNANSWERED.
TB:
See if you can sent Bruce a email to Bruce Thomson:
bruce@thomson.org
ask him whats going on. I'll do the same.