I don't give people hell, I just tell them the truth and they think it's hell. H. Truman
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LMAO, seriously? How can anyone think that is the company website?
It is obvious the site is put up by CARO CAPTIAL TO SELL THE MILLION SHARES THEY WERE GIVEN!
This was taken DIRECTLY FROM THE CARO CAPITAL SITE, "Caro Capital signed an agreement with Beverly Hills Group Inc. to receive one million shares of the company’s common stock. Caro Capital is currently selling their shares. "
This website, put up by these folks, DOES NOT EVEN HAVE ANYTHING ABOUT BHGI, Beverly Hills Group, Inc. It DOES NOT have:
1. The officers of the company, phone number or any contact info for the company
2. The corporate address
3. The financials
The about page, discusses Mexico, not BHGI
WHAT A FRICKEN JOKE!
This thing is a SCAM!
This is the link to the company website, http://beverlyhillsgroupinc.com
Still under construction, LMAO. FURTHER TO THE POINT THIS IS A SCAM!
NO COMPANY WEBSITE
hummm.... .2501 a share.
I like the this part...
"Two months later, he outbid Beyonce and Jay Z for a Beverly Hills (Other OTC: BHGI - news) mansion that offers stunning views of Los Angeles and Malibu beach."
Not sure what the heck it has to do with this stock, maybe more evidence of a SCAM?
THE GOLF COURSE RE-OPENS WEDNESDAY, SEPT. 16.
RESTAURANT IS CLOSED TEMPORARILY.
NEW BAR/RESTAURANT/ENTERTAINMENT EXPERIENCE COMING SOON!
PUTT PUTT PUTT......
Confirming the battle to offload shares....
4. NOTES PAYABLE
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
Another 7,230,000 shares on August 12, 2015.
BHGI OFF 71% in last 30 days high of $1.14
Millions of shares available from TOXIC CONVERTIBLE NOTES
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
Another 7,230,000 issued in August, 2015.
Looks like the battle to offload shares heating up.
MILLIONS OF SHARES TO DUMP
Caro Capital signed an agreement with Beverly Hills Group Inc. to receive one million shares of the company’s common stock. According to Caro Capital website Caro Capital is currently selling their shares.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015
What's your opinion of the TOXIC CONVERTIBLE NOTES?
4. NOTES PAYABLE
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
Another 7,230,000 shares in August 2015
And your thoughts on the TOXIC CONVERTIBLE NOTES?
Converting at .0025 a share, that's over 140 Million shares.
4. NOTES PAYABLE
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
So the question is did the lottery winner get conned by the note holders, or are they part of the SCAM?
I think .30 says it all, no more filings?
$4.65 to .25 PUMP N DUMP SCAM EXPOSED!
Promoter EXPOSED!
SEC INVESTIGATION!
Nice share structure, been that way for years!
As of August 10, 2015, the number of shares outstanding of the Registrant's $.01 par value common stock was 8,880,101.
Did you here another the TOXIC CONVERTABLE NOTES?
4. NOTES PAYABLE
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
Just wondering what your thoughts are on the TOXIC CONVERTABLE NOTES?
4. NOTES PAYABLE
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
ILLEGAL WEBSITE?, NEVER HEARD OF SUCH A THING BEFORE....
LMAO! Do you really think a company would let their website go live BEFORE the acquisitions are finalized? Too funny! Methinks that would be highly illegal. Duh,...
$1.17 book value
Highlights for our fiscal year 2015 Finances
•
We remained debt free. All of our expenditures and dividends were funded solely by cash flow from operations and working capital and we ended our fiscal year with no funded debt.
•
We returned $10.5 million to shareholders in the form of cash dividends during fiscal 2015. We paid a total of $9.8 million in common stock dividends and $0.7 million in preferred stock dividends in fiscal year 2015.
•
We initiated a stock buyback program. We have authorized the purchase of as much as $5.0 million of our common stock under this program.
•
Working capital was $14.3 million at June 30, 2015 compared to $23.3 million at the prior year end. At June 30, 2015, working capital included $20.1 million of cash on hand.
•
We entered into hedges for approximately two-thirds of our oil production for the six month period ending December 31, 2015. As of June 30, 2015, we recorded a loss of $109,974 to reflect our derivative position at its then current market value. Based on a subsequent decline in oil prices, we realized gains of $138,787 and $412,985, for July 2015 and August 2015, respectively, for expiring derivative contacts. These derivatives have allowed us to receive the WTI equivalent of approximately $55.00 per barrel for the hedge quantities sold during these periods.
Maybe a little early, but better early than a little too late!
On June 24, 2015, the Board of Directors announced that it had approved a temporary reduction to the exercise price of its publicly traded warrants to $1.00 per share. This is a temporary modification for a period of 33 days commencing at the opening of trading on July 6, 2015, and ending at the close of trading on August 7, 2015. During this period, 734,716 warrants were exercised at a price of $1.00 per share for total proceeds of $734,716. Of this, $452,131 has been received by the Company and the remaining $282,585 is still being processed. Any and all warrants remaining unexercised after August 7, 2015, remain in full force and effect for the duration of their term with the initial exercise price of $4.00 per share.
1.0 Billion Cushion
Bank Credit Facility. Borrowing base redeterminations under our Bank Credit Agreement occur annually, and with the first such redetermination having been completed in early-May 2015, our next scheduled redetermination is set for May 2016. However, the lenders may, at their election, request one interim redetermination between annual scheduled redeterminations. In connection with the borrowing base redetermination completed in early-May 2015, we elected to maintain our aggregate lender commitments at $1.6 billion; however, due to a reduction in oil prices used by our lenders in determining the borrowing base value of our proved reserves attributable to our oil and natural gas properties, our borrowing base was reduced from the previous level of $3.0 billion to $2.6 billion. Because we continue to maintain a $1.0 billion cushion between our borrowing base and the aggregate lender commitments, even after this borrowing base reduction, and because we had availability of $1.2 billion with respect to our aggregate lender commitments as of June 30, 2015, this borrowing base reduction has no impact on our liquidity.
Caro Capital and Crown Alliance Capital were given 2,000,000 shares
CONSULTING AGREEMENT
THIS AGREEMENT (the “Agreement”) is made and entered into as of this 14th day of May 2013 by and between Caro Capital, LLC., a Florida corporation, with offices at 220 Congress Park Drive, Suite 303 Delray Beach FL 33445 (''Caro' or the “Consultant”), and Crown Alliance Capital Limited, a Nevada corporation, with offices at 2985 Drew Road, Suite 217, Mississauga, ON L4T 0A4, Canada (“CACL” or the “Company” (together the “Parties”).
WHEREAS, Consultant is in the business of providing services for management consulting business advisory shareholder information and public relations:
WHEREAS, the Company deems it to be in its best interest to retain Consultant to render to the Company such services as may be needed: and
WHEREAS, the Parties desire to set forth the terms and conditions under which Consultant shall provide services to the Company
NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained and other valid consideration receipt of which is hereby acknowledged the Parties agree as follows:
Term of Agreement
The Agreement shall remain in effect from the date hereof through the expiration of a period of six months from the date hereof (the “Term”), and thereafter may be renewed upon the mutual written consent of the Parties.
Nature of Services to be rendered
During the Term and any renewal thereof: Consultant shall use its best efforts to: (a) provide the Company with corporate consulting services in connection with introductions to other financial relations companies and other financial services: (b) contact the Company’s existing shareholders, responding in a professional manner to their questions and following up a appropriate; and (c) introduce the Company to various securities dealers, investment advisors, analysts, funding sources and other members of the financial community with whom it has established relationships, and generally assist the Company in its efforts to enhance its visibility in the financial community (collectively the “Services”). It is acknowledged and agreed by the Company that Consultant carries no professional licenses, and is not rendering legal advice or performing accounting services, nor acting as an investment advisor or brokerage/dealer within the meaning of the applicable state and federal securities laws. The Services of Consultant shall not be exclusive nor shall Consultant be required to render any specific number of hours or assign specific personnel to the Company or its projects, however it is anticipated and agreed upon by both parties that considerable time and resources will be required to fulfill the obligations to the Company under this agreement.
Disclosure of Information
Consultant agrees as follows:
The Consultant shall NOT disclose to any third party any material non-public information or data received from the Company without the written consent and 'approval of the Company other than :(i) to its agents or representatives that have a need to know in connection with the Services hereunder; provided such agents and representatives have a similar obligation to maintain the confidentiality of such information: (ii) as .may be required by applicable law: provided. Consultant shall provide prompt prior written notice thereof to the Company to enable the Company to seek a protective order or otherwise prevent such disclosure: and (iii) such information as becomes publicly known through no action of the Consultant, or its agents or representatives.
Compensation
The following represents the compensation to be received by the Consultant in connection with rendering the Services hereunder.
During the Term of this Agreement, the Company will pay to the Consultant the sum of two thousand ($2,000.00) dollars per month: Upon execution of the Agreement, the Consultant shall purchase and the Company will issue to the Consultant 2,000,000 shares of the Company's restricted common stock (symbol: SNPD) for a total purchase price of $2,000.00 (the Restricted Stock"') as per the Investment Representation Letter ( incorporated by reference into the Agreement and attached as Addendum A).
Palm Desert Managment Company got 50,000,000 shares
Management Service Agreement
In connection with the Purchase Agreement and the Company’s change in operational focus to developing the products related to the Cosmetic Assets, on October 1, 2014, the Company entered into a Management Services Agreement (the “Services Agreement”) pursuant to which it appointed Palm Desert Management Inc. as the services provider (the “Service Provider”) to provide certain advisory and consulting services to the Company. The Services Agreement expires (1) year after the date of the Services Agreement, with automatic yearly renewals on each anniversary date, for a maximum of five (5) years total; provided, however, that the Services Agreement may be terminated at any upon mutual agreement of the Company and the Service Provider. Under the Services Agreement the Service Provider agreed to provide the Company with business and organizational strategy, financial and investment management and advisory services, seek, screen and negotiate with management personnel, and perform such other tasks as the board of directors of the Company (the “Board”) or the Company officers may reasonably request from time to time, as well as investment, financial, strategic and corporate advisory services in connection with (i) the closing of operational transactions deemed advisable by the Board, and (ii) any other merger, acquisition, recapitalization, divestiture, financing, refinancing or other similar transaction in which the Company may be, or may consider becoming, involved (collectively, the “Services”). As consideration for the Service, the Company issued to the Service Provider an aggregate management fee, for the five years of Services contemplated by the Services Agreement, in an amount equal of fifty million (50,000,000) shares of Common Stock (the "Management Fee"). The first one-fifth of the Management Fee vested immediately with the Services Provider and the remaining amount is subject to claw back in the event the Services Agreement is terminated prior to its 5th anniversary. As a result of the issuance of the Management Fee, the Service Provider became the largest shareholder of the Company.
Welcome to the board retiredptt, I think your instincts are right on. The company has issued millions of shares to consultants. See previous posts
Interesting, very interesting. The story is coming out, one post at a time.
Starting to,see how all the pieces fit together.
MILLIONS OF SHARES BEING CONVERTED FROM TOXIC CONVERTABLE NOTES.
MILLIONS OF SHARES PAID TO "CONSULTANTS"
I'm sure the transfer agent will confirm all these transactions from the TOXIC CONVERTABLE NOTES!
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
Another 7.230,000 on August 12. 2015!
Fiscal 2016 Capital Budget and Financial Outlook
With the Delhi Field operator's determination that reversion of our 23.9% working interest and 19.0% net revenue interest in Delhi occurred effective November 1, 2014, we began funding our share of capital expenditures in the field as of that date. From the date of reversion through June 30, 2015, our net share of capital expenditures was approximately $10.4 million, including $5.0 million for the NGL recovery plant. Capital expenditures also included the re-drilling of a production well, testing and strengthening of well bore integrity in various wells in the field, including previously plugged wells, and drilling and completion of monitoring wells. The after-tax present value of our proved reserves remains far in excess of our cost basis.
Projected capital expenditures over the next fiscal year are currently expected to total approximately $19.6 million net to our working interest for the balance of the costs of the NGL plant. Based on our current marketing and business plans, we expect that our capital requirements for artificial lift technology operations will be relatively minor over the next fiscal year.
Our liquidity is highly dependent on the realized prices we receive for our production, net of our hedges. In June 2015, we initiated a crude oil price protection program for approximately two-thirds of our expected production that provides an average floor price of $55.00 per barrel for the remainder of the calendar year. At June 30, 2015, the Company had total liquidity of $19.4 million, which includes $14.4 million of working capital and $5.0 million of availability on our unsecured revolving credit facility, and we remained debt-free. We believe that our current liquidity combined with expected operating cash flows will be sufficient to fund the Company's capital requirements for fiscal year 2016.
Delhi Field Operations
Gross production at Delhi in the fourth quarter of fiscal 2015 was 6,328 barrels of oil per day ("BOPD"), up 2% from the third fiscal quarter's 6,203 BOPD. Production volumes net to the Company were 1,677 BOPD and 1,644 BOPD, respectively. Production from the field is expected to average in excess of 6,000 BOPD until we add projected volumes from the NGL extraction plant in the second half of calendar 2016, and complete the roll-out of the remaining phases of the CO2 project in subsequent years. We expect production growth to continue well into the next decade.
Our ownership in the Delhi field project has served the company well in this challenging industry environment. Oil production from the field receives favorable Light Louisiana Sweet crude oil pricing, which continues to trade at a significant premium to the industry standard WTI price, and our low pipeline transportation costs are also a competitive advantage. Additionally, our cost of purchased CO2 in the Delhi field, the majority component of operating costs, is mostly driven by the price of oil in the field, therefore our major operating cost has dropped substantially with the price of crude. We have also seen reductions in other field operating costs as the operator has focused on initiatives to lower field operating expenses.
The plans and purchases for construction of the NGL plant are underway and we are anticipating startup next summer. The plant has a total estimated cost of $24.6 million net to Evolution, of which approximately $5.0 million had been incurred as of June 30, 2015. Our June 30, 2015 reserves report includes projected peak proved production gross volumes of approximately 1,850 barrels of liquids per day from the NGL plant over the next five years, and peak probable gross volumes of an additional 1,140 barrels of liquids per day later next decade. As previously announced, the methane recovered by the plant will be used to generate electricity and other power requirements for the field, which will substantially reduce field operating costs. The NGL plant is also expected to increase the efficiency of the CO2 flood due to the removal of methane from the recycle gas stream, and our reserves report reflects incremental gross crude oil production volumes of up to 500 BOPD once the plant is operational.
Of particular importance, remaining future development costs amount to only $9.34 per BOE for proved undeveloped reserves and $4.89 for probable undeveloped reserves, making continued development
3
economical even at current oil prices. Looking forward, the timing of plans for continued development of the eastern part of the Delhi field is dependent on the plans for capital allocation by the partners. We continue to believe that these high quality and economically viable projects will be executed as planned, subject to oil price volatility.
Evolution Petroleum Announces Financial Results for Fiscal Year 2015
HOUSTON, Sept. 9, 2015 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE MKT: EPM) today reported financial and operating highlights for its fiscal year and fourth quarter ended June 30, 2015, with comparisons to fiscal third quarter ended March 31, 2015 (the "prior quarter") and the quarter ended June 30, 2014 (the "year-ago quarter"), as well as the last fiscal year ended June 30, 2014.
Highlights:
•
Generated net income of $1.7 million or $0.05 per diluted share, on record revenues of $9.1 million in the current quarter;
•
Generated net income of $4.3 million or $0.13 per diluted share, in the fiscal year;
•
Returned $10.5 million to shareholders in the form of cash dividends during fiscal 2015;
•
Initiated a common stock repurchase program of up to $5.0 million;
•
Commenced construction of a natural gas liquids ("NGL") recovery plant at Delhi;
•
Maintained our strong financial position and debt-free balance sheet.
Randy Keys, President and Chief Financial Officer, said: "We are pleased to report net income for the fourth consecutive fiscal year, despite significantly lower oil prices in fiscal 2015 and a challenging industry environment. During the quarter, we entered into derivative transactions to provide the Company with downside protection on two-thirds of our estimated production for the remainder of the calendar year at an average West Texas Intermediate ("WTI") price of $55 per barrel.
"Our Delhi field continues to add value to the Company as the reversion of our 23.9% working interest became effective on November 1, 2014. As previously announced, our proved reserve volumes totaled 12.4
1
MMBOE and our high quality probable reserves totaled 9.43 MMBOE as of June 30, 2015. The construction of the NGL plant at Delhi is underway and we are anticipating start-up in the second half of calendar 2016. We expect a significant increase in production volumes and cash flow once the plant is operational and the recovered methane is utilized to drive down operating costs in the field."
MILLIONS OF SHARES BEING PRINTED, TOXIC Convertable Notes Payable being converted at .0025.
Since the beginning of the year 24,000,000 shares converted at .0025
Note holders converted $50,000-60,000 of debt into shares valued over $10,000,000
Shareholders being fleeced!
Buyer beware!
$292,000 of CONVERTABLE debt will add another 140,000,000 shares
LMAO, $1 a share is a $77 MILLION market cap!
NOT!
Then why have they already CONVERTED OVER 24 MILLION SHARES?
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
And another 7,230,000 in August
Sorry, does cut the mustard. ITS TOXIC DEBT, RENEGOTIATED 12 years later!
Converts at a substantial discount, .0025 a share. $300k will convert to over $140,000,000.
It's discussed in the lastest financials, Qs and K
4. NOTES PAYABLE
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
Yet if one is one of the holders of 855,486 shares, they are underwater.
@.75 they have over $500,000, not a bad payday for 60 days
Can't wait till the full promo kicks in.......
Seriously "well established" investor relations firm?
The website says 15 years, more like 3 years.
LinkedIn on the 2 partners say since June 2012, Both did coupon books for the entertainment industry. Simpletons.
SimplePons, Inc. offers a unique renewable membership via mobile app or physical coupon book comprised of a bundle of over 100 "discount deal" style coupons containing everything from fine dining, fast food and entertainment deals offering savings of 50% off or more all for just $20 a year. SimplePons (short for "Simple Coupons") unlike daily deal websites, which solicit members daily via email to purchase coupons one-at-a-time, allow their members to buy, all the deals, all at once, all for one low price for use whenever they want to use them. For more information on SimplePons, please visit our website at www.SimplePons.com. The SimplePons App currently works on the Apple iPhone 3, 4, 4s, iPad and Android phones running 2.1 - 2.3; 3.x and 4.x Android OS. For more information on how SimplePons work please visit our website at www.SimplePons.com and the 'How It Works' page.
Maybe in some eyes, 3 years is well established.
Selling shares must be more profitable than coupon books.
Caro Capital signed an agreement with Beverly Hills Group Inc. to receive one million shares of the company’s common stock. Caro Capital is currently selling their shares.
Simple DD, reveals some FACTS...
http://carocg.com/disclaimer/
Caro Capital signed an agreement with Beverly Hills Group Inc. to receive one million shares of the company’s common stock. Caro Capital is currently selling their shares.
Maybe someone needs to them they can't sell for 12 months, because they are advising everyone they are "CURRENTLY SELLING THEIR SHARES"!
Would love to hear an explanation to this on page 13 of the Q
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=142983
and on page 13 of the K
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=140528
4. NOTES PAYABLE
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
Sure seems like a TOXIC CONVERTABLE NOTE TO ME.
And Caros Website has a disclaimer.......
"Caro Capital signed an agreement with Beverly Hills Group Inc. to receive one million shares of the company’s common stock. Caro Capital is currently selling their shares."
So they created their own website to dump shares!
Caro Capital signed an agreement with Beverly Hills Group Inc. to receive one million shares of the company’s common stock. Caro Capital is currently selling their shares.