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If all of this anger and bashing of AMGG, and Parker, and John C. continues, we are all going to lose every dime we've put in to this company. Does anyone stop to consider how the new management will react to these constant postings, lumping them in with Griggs and RGNO. Don't bother to try and explain that AMGG is still RGNO, just a name and symbol change, etc. I know that. But quit your venting every damn day. All you'll do is drive them away and be left with NOTHING!
I don't care if jessieland is a shill for the new company's management. Maybe yes, maybe no. And I personally don't care if Parker has judgments against him from prior activities. What I care about is seeing AMGG survive as an honest and valued enterprise, and this Board is doing nothing but harm at this point by not letting it have a chance to prove itself. I am as angry as anyone for what has transpired, but this constant complaining, with its everyday redundancy is so counterproductive, makes no good business sense.
May I respectfully suggest that we wait for PRs from the company, and just calm down.
Totally agree, which is why we should also continue to assist any and all government agencies in their pursuit of this matter.
I am not 100% sure of this, but I believe that, based upon the article I read in this past Sunday's NY Times, the regulatory agencies are so swamped with these oil & gas scams, that I would not wait until they finish their investigations before I would file a lawsuit against Jerry. And this matter might not be large enough for them to put in the time and energy required, as opposed to other matters of greater scope.
I personally hope that I can find a reputable and qualified attorney who would take this case on a contingent basis, and immediately file an action against all of those who were responsible for the fraudulent statements issued by RGNO which were relied upon by shareholders to purchase stock, and who profited from the sales of stock.
The government agencies can do their work, and take whatever actions they deem appropriate, while the shareholders pursue their remedies in a lawsuit.
Hoping to recover a substantial amount of the investment from AMGG is why I have still held all of the shares I bought. But this, in no way, precludes any legal action against those people who falsely made statements to RGNO shareholders, and potential shareholders, and who profited from their wrongdoing. A lawsuit against Jerry and his associates in their scam has nothing to do with being shareholders in AMGG, and believing in the new company and the new people running things. These are two separate issues.
I believe that I previously posted that quarter ending financials would not be out at the exact end of a quarter. It does take some reasonable time for the accountants to put all of the information together. So, for those that thought that the 3/31 ending financials would be posted on 3/31 or 4/1, give it a rest for awhile. Hoefully, they will be out soon, and maybe with the bombastic news that jessieland referred to.
Additionally, I have asked that in order for me to attempt to engage legal counsel to look into a potential class lawsuit against Jerry and the former management that made all of the fraudulent PRs, I wanted to be able to let any lawyer know the extent of the investments, and potential losses, even if only on paper so far. I realize that ill gotten gains can be the subject of our claim, but I need the figures from the investors. Thus far, I've heard from 12 people. Rather dissapointing, particularly with all of the postings of complaints that many have made, but who apparently do not want to respond for some reason.
And I still need the chronological history being prepared so that I can put all of this in some concise order for any attorneys to review.
Just giving all of you an update, as I've heard from several shareholders asking about a potential lawsuit.
http://amergencegroup.com/
In June of 2007 it said their stock symbol was AMGG.
What does all this mean?
Just returned and read all these morning posts. I have no information to pass on. However, based upon jessieland's prior comments of buying at a most favorable price (which I would presume means $.25), I am looking for the tens of thousands of shares that jessieland has purchased. Why don't I see that?
Thanks STRONGUS. Another thing learned today.
Testing to see if I did this right.
http://www.nytimes.com/2008/03/30/business/30gas.html?_r=1&ref=business&oref=slogin
Yes. This is it. How do you do the link?
Yes. this is it.
I suggest that everyone read an article in today's NY Times, the Sunday Business section, on its first page, regarding a scam in the oil & gas industry. Most importantly, the article demonstrates the difficulty that the SEC has in prosecuting these matters, and the need for individual lawsuits to recover your investment, and the problems with that as well.
Just who are you? What do you know. Your postings are rather childish. One minute up, the next down. No consistency, and rather petulant. You state that you won't post anymore. I suggest that you keep your word.
I agree with rags. It is too early to throw in the towel regarding AMGG. Let's give it a real chance, and that doesn't mean a week or two, and see if they can reverse all of the bad blood that was visited upon us by the former players, Jerry et al.
I'm hoping that in the next 3-6 months this company can make several moves, such as adding new companies to the mix, having a sound financial base by adding capital, and create the kind of share price that we all looked for in the past. I see no point in the immediate criticism of AES or AMGG, all of which seems to be without any knowledge of current plans. I believe that until the new financials are released, any possible trading in the stock will be speculative at best. As many of you know, I have a substantial investment in this company, and I feel that the most prudent play is to be patient, and not rush to judgment. I guess I should say, imo.
I called Parker this afternoon. He was out for the rest of the day, and I asked that he call me tomorrow. Will advise when and if I speak with him.
On March 14th, PEACHMAN posted about his conversation with Gerald Parker. He said that Parker told him that shares would be traded within 2 weeks, and a new PR would be out.
So I have it on my calendar to see what happens by March 28th. If nothing occurs at that time, the bitching can really start. But until then, I'm still waiting---and hopeful that Parker is a man of his word, unlike past management.
It's one of the questions that we want to discuss with Parker. I still don't understand the rationale of the old management supposedly demanding the r/s.
When PEACH spoke with Mr. Parker last Friday, the 14th, he posted a message stating that Parker said the stock would be traded within 2 weeks, and a pr was also forthcoming in that time frame. Can we give it a rest and see what happens in the next 10 days? Maybe, just maybe, this might work out with honest people behind this company and the stock. I hope I'm not pissing in the wind.
Excellent dd
And how would you distribute these gains? Who gets what? I just don't know the answers to lots of issues that would arise. That's for lawyers to research and advise regarding the applicable laws.
Update: So far, 12 shareholders have emailed me regarding their investment. The total, including mine, is $571,024.
But as I've replied to some, most are still holding, so until this plays out there are only paper losses. Certainly not enough for any lawyer to take on a contingency now.
Right. I just didn't want some of our more aggressive shareholders to start screaming if they didn't see financials the day after 3/31.
Would still like management to report asap on plans, and what happened to the entertainment division that we supposedly own.
One possible correction. First quarter financial statememts do not necessarily come out immediately at the end of the quarter. So let's not be surprised, or upset, if we don't see them for a month or so after the quarter. Depends on how long it takes the accountants to do it, and how complicated they may be.
Once you file suit, you can make a demand for production of documents in discovery, interrogatories, depositions, etc. The whole enchilada. Prior to filing, the other side can ignore your letter requests for anything. Don't even have to answer.
If you have read most of the postings, you would see that the overwhelming majority of shareholders have vented against Jerry and his associates, and have specifically stated that we wanted to give the new managemnt the benefit of the doubt, and work with John C. to make this company successful.
So I really don't understand your comments. Yes, there are some who apparently know no bounds and are striking out. But remember, we have been taken for a ride, and don't even try to justify what has previously transpired with Jerry. The evidence is absolute that we have been victims of fraud.
We all hope that the new people are honest and will make this work. Several shareholders have already indicated their desire to assist the new company with their business activities.
Yes. Owned by AMGG, which collectively all the shareholders own.
And how is AMGG supposed to sell these 250 million shares, and to who? It wasn't cash given to the company, just paper. Hope I'm missing something here.
To those who already filed complaints with the SEC, it would be very helpful to me in putting together a memo to David Faber, as well as my attorney son, if you would send me a copy of your filing. I still hope others will prepare something I can also use. I don't think it's my strong suit to put all of this together without assistance.
Either email to sandyrossnyc@ix.netcom.com or fax to 413 229-6022. It will not be sent to any others without your permission.
Many thanks
I have a call in to David Faber of CNBC. For those that do not know who he is, google his name and check out his bio.
David is married to the daughter of one of my closest friends, who unfortunately passed away last September. I have known him ever since his marriage about 12 years ago, and am a family friend. I've known his wife since her birth.
I will talk with him about this, and get his imput. What I would appreciate someone doing is sending me an email that might concisely set out the most important elements of the fraud. There is so much being said on the postings of this board, and it will help in my explaining the situation to David if it was summarized better than I could do.
Must clarify. What I am talking about now is paying for someone to put all of this together, not a fund for possible litigation.
Is there an attorney amongst our shareholders who has an escrow account? I'm retired and not authorized to handle funds. But to set up a separate account incurs possible bank fees, check printing, etc., whereas an attorney escrow account shouldn't cost anything.
Alternatively, if the individual who is going to put this together lets us know the costs, I'd just as soon send him/her a check.
Agreed. And can someone who can put all of this together, please step foward; let us know what it would cost (this should not be a freebie, as it takes time and effort), and we'll get the money together.
Also, if anyone taped a conversation with Jerry, please have it transcribed.
Several thoughts:
1. I don't know about anyone who did a private placement. The documents that I have fowarded to many by email were first sent to me by another shareholder. This person indicated that he had previously sent this information to Strongus.
2. Before the r/s I personally had more than 5% based upon the 300,000,000 outstanding
3. Most important. I had previously mentioned, maybe in a PM to some, but possibly a public posting (can't remember) that one of my sons is a partner in a very prestigious litigation firm, with its home office in Houston. The firm does major corporate litigation, representing both plaintiffs and defendants. I think that their minimum requirements are that a case must have a cause of action of at least 5 million dollars. They are way to expensive if you are paying by the hour, and a contingency case really needs to be big, and, most important, against a defendant(s) that you could collect from.
However, I'd like to run this by my son, and furnish him with the information that we would send to the SEC setting forth our complaint, although for these purposes it need not be in final form. Just stating the really proveable points of the fraud and misrepresentations made, as well as the various connections between Jerry and his group and their multiple companies.
Additionally, and this would be for any lawyer who we wanted to file a lawsuit on our collective behalf, we need to know how much money is involved regarding what we have paid and/or lost with this stock. Therefore, in total confidence, may I suggest that everyone who has sold and had a verifiable lost, as well as all others who are still holding stock and have a paper loss at this time, send me the information by email so I can add up the monetary numbers and let the lawyers know what is involved. Are we talking about 2 million, 5 million or 10 million? It makes a difference.
I also know several other prominent litigators in NYC, one that has previously taken a matter on a contingency. But that was against a major corporation, so he knew that a recovery could be collected.
In any event, this is something we eventually need to do, and put together for lawyers that would sue to try and get our money back. Whatever the SEC does will be great, but unless it forces the bad guys to cough up some money for us, the only way we can possibly get repaid for this investment is by suing Jerry and his gang. OR, AMGG takes off.
Let me know your thoughts. For those that do not have my email address:
sandyrossnyc@ix.netcom.com
As in any lawsuit, the complaint to the SEC should "request" that they make a demand for the production of certain documents from these people. The discovery procedures in litigation, including interrogatories and a demand for production of documents, is something we would want the SEC to demand of all these interlocking companies. They can also order depositions. Regions in every jurisdiction they have filed as being the State of incorporation; Leatherneck Energy; Leatherneck Oil, etc. We should list every f--king company, as well as all of the individuals. Just exclude--for now--our new management, AMGG, until we see where they take this.
As per prior posts by many, I'd contribute to a fund for those that can put this complaint together. No reason to wait any longer.
If the old management was leaving, and returning their shares, why would they require, or care about, a r/s by the new guys? And where did the entertainment companies go? Lots of bs going on here.
Have no idea. Presume the new management is holding things up, for some unknown reason. Just reporting what I was told.
New Stock Certificates
I was told by E*Trade that it usually takes 3 to 5 weeks for the new certificates to be issued, but if I wanted to make any trades, just call them and they'll take care of it.
I first called the transfer agent, but the woman who handles this was out and is supposed to call me back. The person I spoke to indicated that the new certificates were being done at the printers, but she wasn't sure of when they would be ready.
To all those shareholders who want me to send documents, please remember to send me your email address. Also, indicate if it is o-k to include your email along with others so that I can send one email to several at a time. And advise if you want to be part of a group that emails can be sent to.
No problem. We are really all in this together.
Final goodnight.