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anyone see the 2.7 million trade?
chris..
SPRL -- Strat Petroleum, Ltd.
Com ($0.008)(New)
Address:
254 Park Ave.
39th Floor
New York, NY 10167
USA
Website: http://www.stratpetroleum.com/
Phone: 212-209-7388
Fax: 646-349-1418
Business Description: Not Available
State of Incorporation: WY
Officers:
H. Sam Hyams, Pres.
Fiscal Year End: December 31
Outstanding Shares: 85,769,230 as of 2004-12-10
Estimated Market Cap: 12.007M as of 2004-12-23 (based on Outstanding Shares as of 2004-12-10)
Authorized Shares: 85,769,230 as of 2004-12-10
Float: 40,307,692 as of 2004-12-10
Current Capital Change:
shs decreased by 1 for 13 split
Ex-Date:
Record Date:
Pay Date: 2004-12-10
http://www.pinksheets.com/quote/company_profile.jsp?symbol=SPRL
chris,
i dont see 100 or 500 shares goin thru
it 5000 ..
you need to look at time and sales.
yesterday volume was 970,000 i can confirm this also.
not sure why your getting mixed up..
1,180,760 << thats today volume
the o/s is 85 million the float is 40 million
look it up on www.pinksheets.com
as of dec 10 th
lesson still not learned?
i seen this major shake occur 2 times now..
once at 8.5 then it dropped like a rock to 04
then back to 095 in 5 mins..
and today from 12.5 to 5 cents and last trade was at 10 cents..
here a suggestions ..
the market makers see those stop loss orders your puttin in will go down and get them just like we witnessed agian today..
i feel soory for the guy who sold 81,000 at 5 cents...i can imagine he will be rather upset when he gets home from work or the laundry mat and see strat closed at 12 cents ...
they bounced it hard off of the 200 day movin average at 05 cents.
keep your stink bids in guys and gals around 05 and 06 just incase .. i been 2 times lucky so far and added cheaply to my already sizable position
anyone
that has the ear of strat might pass this along to them..
merry christmas to everyone happy new year
http://www.thirtythumbs.com/StockAnalysis.html
doubt they will share any financial info..
maybe ask about the company .. its projects.. sure they will be able to tell ya lots of info..or ya could just go back and re read some posts here on ihub..
call the transfer agent ..
o/s is approx 90 million shares give or take .
we just had a 13 to 1 roll back and since then share price is up over 150 - 200 percent..
i dunno i said and so did many others this one will buck the trend
so far it has..
hey market,
they revesred mergered into f2 communactions..
as far as looking for reports filings or financials.. say tuned friend.. they working diligantly on becoming fully reporting..
imho off the pinks sheets on to a higher exchange..
ottcb
potentially amex..
just keep this in miind we rejected a take over offer at 1.2 cents cash plus one share of the "other company"
post r/s that equaled near 16 cents a share cash...
theres alot of value here imho... the market is just finally starting to see it..
$$ dollars no cents in 2005.. imho
THANKS TO THE PERSON WHO SOLD AT 04
MERRY CHRISTMAS TO EVERY ONE HERE ON THE SPRL BOARD..
A VERY MERRY CHRISTMAS TO YOU AND ALL YOUR FAMILIES
I TRULEY BELIVE THAT 2005 IS GOONA BRING US ALL GREAT PROSPERITY AND GREAT WEALTH IN SPRL
LONG STRONG
AND BUYIN ON SHAKES LIKE WE WITNESSED TO TODAY..
DONT LET THEM RATTLE YOU
MERRY CHRISTMAS , HAPPY NEW YEARS
WHY YUKOS HAS BEEN CRUSHED!!!
AGAIN STAY OUTTA POLITICS IN RUSSIA .. YOU 'LL BE FINE..
For Mr Khodorkovsky's real offence, in Mr Putin's eyes, is neither his role in the privatisation and subsequent running of Yukos, nor his vast wealth. After all, these have been evident for years—and Yukos has become such a model of (by Russian standards) good corporate governance that Exxon Mobil and Chevron Texaco, two American oil giants, are even now vying to buy a big chunk of it.
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What changed this spring was Mr Khodorkovsky's decision to get deeply involved in Russian politics. Beyond merely criticising Mr Putin's rule, he openly financed at least two important opposition parties and wielded heavy influence in the Russian parliament, the Duma. He even began to hint at political ambitions of his own, with rumours starting to circulate that he might run for president in 2008.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
PUTIN WARNED ALL THOSE OILGARCHES.. TO BAD Khodorkovsky DIDINT LISTEN...
It was surely this political meddling that triggered the arrest of one of Mr Khodorkovsky's closest associates in July, and that has now led to his own arrest.
Project Overview and Operations
Strat Petroleum intends to acquire interests in licenses to explore and develop oil and gas properties in the Russian Federation.
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The Company’s management and advisory team have developed a very strong network of contacts within the various levels of government, banks and independent associations in the local oil and gas industry, which we believe will provide access to many opportunities to bring value to shareholders.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
VERY STRONG NETWORK OF CONTACTS......IN VARIOUS LEVELS OF GOVT!!!!!
The Company initially will be targeting acquisition of interests in licenses to properties with proven reserves and where possible with commercially producing or capped wells, i.e. focusing on development and not exploration.
The Company has also established contacts with a number of refineries that will allow it to have access to refined products for sale into international markets. All sales of product will be in U.S. dollars and maybe to both international and local customers.
NOW WE ALL KNOW OF THE " RISKS" BRICKMAN IS OH SO EVER CONCERNED ABOUT..
2 IMPORTANT KEY FACTORS TO SUCCESS
1 ..... but with tremendous potential for profit if you learn to navigate carefully through some unique stumbling blocks.
STAY OUT OF THE " POLITICAL RELM" IN RUSSIA..STFU AND DONT GO AGIANST PUTIN!!!! YOU SEEN HOW PUTIN CRUSHED YUKOS Mikhail Khodorkovsky..
AND I FOR ONE DONT FEEL ONE BIT SORRY FOR MIKHAIL!! HAVE YOU EVER RESEARCHED HOW HE GOT ALL THE OIL AND GAS RIGHTS IN THE FIRST PLACE????
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
This is not to say that Mr Khodorkovsky, and indeed any of the country's “oligarchs”, are as white as Siberian snow. In the post-communist chaos of the early 1990s, many murky bargains were struck, culminating in a raft of dodgy privatisations and the notorious “loans-for-shares” deals done under the presidency of Boris Yeltsin. Out of these emerged a small group of fabulously rich businessmen, most of them with control of both media outlets and banks—and also with the ear of the Kremlin. The process was even seamier than the episode with which its defenders like to compare it, the emergence of the robber barons in America in the late 19th century.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
THESE " OILGRACHES " WERE DIRTY DISHONEST MEN.. AND THIS IS HOW Mr Khodorkovsky BECAME A BILLIONARE..HE AND THE REST OF THE OIL GRACHES WERE FORWARNED!! PUTIN TOLD THEM ALL WE WILL NOT INVESTIGATE HOW YOU GAINED CONTROL OF THESE OIL RIGHTS, AS LONG AS YOUR STAY OUT OF THE POLITICAL RELM.. GUESS WHAT?? Mr Khodorkovsky NOW A BILLIONAIRE, DIDINT HEAD PUTIN ADVISE!!
AND NOW TODAY YOU SEE WHAT HAPPENS.. PUTIN CRUSHED HIM LIKE A BUG!!!
BUT DONT LISTEN TO ME .. DO SOME READING ON HOW THESE OIL GARCHES ACCUIRED THE OIL AND GAS RIGHTS.. WHATS GOES AROUND COMES AROUND!!!
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
2.....In order to create the right environment for success, companies should carry out detailed research, Including the identification of the right potential partners, and seek professional advice where necessary.
WELL THIS IS THE KEY WORD HERE ISNT IT? " right potential partners" ..
WHO ARE WE PARTNERED WITH? THATS RIGHT "Gazprom" THE RUSSIAN OWNED OIL AND GAS COMPANY....
WOULDNT YOU SAY THAT IF YOUR LOOKIN FOR A " PARTNER" GAZPROM WOULD BE THE BEST ONE? ID SAY SO..
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Investing in Russia is not without risks, a weak legal system and extensive bureaucracy but with tremendous potential for profit if you learn to navigate carefully through some unique stumbling blocks. In order to create the right environment for success, companies should carry out detailed research, Including the identification of the right potential partners, and seek professional advice where necessary.
reminder...
who are we in bed with?
"Gazprom" they own the other 51 percent of the oil field were ready to accuire..great partner i would say....
Gazprom is one of the world's largest highly-integrated natural gas and oil companies. In 2003, the company extracted about 19 trillion cubic feet (about 540.2 billion cubic meters) of natural gas. Gazprom is a leader in natural gas exports and delivers natural gas to 30 countries around the world. Gazprom's share of explored reserves is about six per cent in Russia and 16 per cent in the world. Gazprom's assured resources have been determined to be about 918 trillion cubic feet (about 26 trillion cubic meters). The company is interested in accessing growing North American markets for natural gas and pursuing the LNG business.
also...
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Mr. Victor P. Philipov, Ph.D. Mr. Philipov is Dean of the geological Faculty of the Gubkin Oil and Gas University in Moscow and is well known for his experience in oil and gas in the Russian Federation. He has over 25 years experience with the Ministry of Oil and Gas where the last position he held was Chief Geologist. During his career he explored and documented geological findings in all regions of the former Soviet Union.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
also
H. Sam Hyams
President & CEO of Strat Petroleum Inc.
Mr. Hyams holds a Masters Degree in Business Administration from York University in Ontario and is a Chartered Accountant. His extensive experience over the past 20 years in Canadian industry and on the international scene has included positions in finance and accounting to assisting in establishing new ventures by securing financing, and managing their business plans. Mr. Hyams has also acted as a consultant to small and medium sized businesses, advising them on strategic plans for growth, acquisitions and divestitures.
Chaim Flatt
Executive V.P. Business Development
Mr. Flatt holds B.Sc. Degree in Mechanical Engineering from the Kaunas Polytechnic University in Russia. He brings over 30 years of knowledge, experience and network of contacts developed in the areas of project development, financing and international trade. Mr. Flatt is President of Arad Energy Products Co. which has been involved in projects in the Russian Federation and other CIS countries since the late 1980’s with focus on the natural resource sector. In the past few years Mr. Flatt has concentrated on trade of oil and oil products, which has allowed him to build a very good network of contacts in the Russia and the CIS.
Lev Perelman
Consulting Engineer
Mr. Perelman holds BS and MS degrees in Civil Engineering and gas supply systems from the University of N. Novgorod (Russia) and holds BS degree in Power Engineering from Southern Alberta Institute of Technology of Calgary(Alberta, Canada) In Russia he was employed by Gasprom and has been actively involved in oil/ gas, development, processing and consulting since 1973. He was involved in the development of the Volga transgas” and Moscowgaspipeline” oil and gas pipelines.
Chyang Wen
V.P. Business China & Far East
Mr. Wen holds a M.B.A. from York University in Ontario, and his career spanning more than 20 year includes banking with experience in commercial credit and comptrollers division. He was involved in establishing a manufacturing business in the pesticide industry where his responsibilities including all financial and marketing functions. For the past several year he has been a consultant to business and businessmen in China and the Far East in attracting investment and investors to Canada. Mr. Wen will use his strong network in those countries to secure investment and contracts for the sale of crude oil and oil products.
hey neb,
nov 23 rd " cgl " pr'ed
" within " 60 days
our count down is near
here is anoter one to compare
compare strat ( sprl )
TO
Monarch Gold Exploration (Pink Sheets:MGEX) announced today that it has signed a letter of intent with Charles Couch of Dallas, Texas to acquire a portfolio of producing oil and gas properties with reserves valued by Couch Oil (www.CouchOil.com) in excess of $10
million ($5 million placed, $5 million being acquired) along with established oil and gas verification methods in exchange for 55 million common shares of Monarch. The net interests in these properties which are being exchanged to Monarch are expected to provide a near term cash flow averaging 2% monthly for the Company as all wells placed in the portfolio are brought on line.
here is MGEX trading at 85 cents , and they has a " letter of intent" to accuire a 10 million dollar asset..PLUS THERE GOIN TO GIVE UP 55 MILLION SHARE ALSO...!!! THERE TRADING AT 85 CENTS..
lololol
here we have SPRL that has " BINDING LETTER OF INTENT" for a 50 percent stake in a oil and gas field that already has 500.000 a month production and 75 MILLION BARRELS " PROVEN" WORTH 4 BILLION DOLLARS..
AND WE TRADE AT 0.059 ?
HELOO WE HAVE A GIFT HORSE LOOK AT US STRAIGHT IN THE MOUTH HERE..
compare strat to
" SVSE "
svse have over 100 million shares outstanding.
one well in california and a few other small projects on the go
there have accuired financing
Silver Star Secures $1.5 Million Bridge Financing With Cornell Capital
LOS ANGELES, CA, Nov. 29, 2004 (MARKET WIRE via COMTEX) -- Silver Star Energy, Inc. (OTC BB: SVSE) today announces that the Company has received a financing commitment from Cornell Capital Partners, LP. Under the terms of the funding agreement with Cornell Capital, Silver Star has secured a $1.5 million bridge loan and a Standby Equity Facility for a further $10 million. The Standby Equity Distribution Agreement ("SEDA") commits Cornell to provide up to $10 million of funding to Silver Star over a 24-month period.
and they trade at
1.40 cents..
im telling you all once our financing is announced were HEADING to dollars in a flash.
jmho
dutch connection i was addressing this statment you said to me i belive on the 27 th of nov
and i quote you ...
**************************************************************
In any case its hard to knock heads with a guy like this,he seems to know every corner of SPRU and he can sell this stock...and even though i have 0% intrest in this Company its hard not to give it a second look after the post he layed out,the sad part is no matter how well he dresses SPRU up it may quite possibly trend downward after the R/S simply on the psychological factor people expect it to happen and wont stick around to find out,or the pure manipulation of Pink Sheet securities we've all seen so many times over..will be an intresting watch over the next couple months none the less....
****************************************************************
let me show ya what you left on the table so far by having 0 intrest in sprl..
i bought more down at 1.6 on the big heavy volume day.. glad i did.
0016 x 13 = would be the equivilant of 0.0208 after r/s
we closed on thursday at 0024 X 13 = 0.031 AFTER R/S EFFECTIVE FRIDAY
we closed at 0.059 FRIDAY
92 PERCENT GAIN FROM THURSDAYS CLOSE...
had a high of THE DAY 0.07
YOU ZERO INTREST IN THIS STOCK COST YOU A MINIUM OF 92 PERCENT..
keep watchin tho
you seem to like dmxp i been reading your posts there.. over 600 million shares outstandin there ??
maybe they should r/s also..lolol
sprl has 85 million o/s
approx 40 milllion float..
if you have 0 intrest here in sprl stay on the dmxp and keep your opinion to yourself..
you dont see me stating my opinions about dmxp do ya?
nope cause i dont own it..
but i do have an opinion about it..
but that i will keep to myself..
have a good night
dutchfella..
hey dutch just wanted to correct a statment you made about opec " incresing" production...that statment is 100 percent wrong..listen to the saudias and i quote...
"Top OPEC producer Saudi Arabia said on Saturday that it was not worried by the price fall. "Don't panic," said Saudi Oil Minister Ali al-Naimi. "I tell you it will go up on Monday."
and as for your 4 to 6 weeks tank on sprl... goona have to take you up on that bet ... i personally in 4 to 6 weeks expect us to be in the double digits...with no zeros.. if ya get my drift..
sorrta sounds like you decided not to buy any spru back when it was 92 percent cheaper before the split..sorry to here that..
i even layed out all the facts for you and i remember you saying that i almost made you buy some .. but ya wish ya did now ?
and please dont say your glad you never because if you dont like 92% - 135% gains from the 0015 low pre split ill have to ask you why your in the stock markets.
oppurtunity is still at hand here...but the time to buy cheap is drawing to an end..sometimes when oppurtunity knocks , ppl just
dont bother answerin the door.. kinda like call display ... you see whos callin but ya just dont answer...
now your left looking at the stock hoping it comes back down..
good luck..
anyway have a good evening
OPEC Seeks to Quell Doubts Over Oil Cut
Sat Dec 11, 2004 06:35 AM ET
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By Francois Murphy and Amil Khan
CAIRO (Reuters) - OPEC oil producers on Saturday said they had already moved to rein in excess supply, a day after doubts over the group's resolve to cut sent prices into a tailspin.
Oil prices fell 4 percent on Friday to the lowest level since July despite the cartel's agreement to wipe out one million barrels per day (bpd) of excess supply from January 1.
Top OPEC producer Saudi Arabia said on Saturday that it was not worried by the price fall. "Don't panic," said Saudi Oil Minister Ali al-Naimi. "I tell you it will go up on Monday."
Saudi Arabia had already enforced its cut of 500,000 barrels per day -- 5 percent of current production -- by reducing nominations to customers, he added.
U.S. prices have dropped by more than $15, or 27 percent from record highs less than seven weeks ago. OPEC's own reference crude basket has fallen even faster and was valued at $34.29 even before Friday's fall on international markets.
"Markets appear to want to test OPEC's apparent resolve to defend prices at $33 for the basket. And promises to cut out 'over-production' may not deter them," said Jan Stuart of brokers Fimat.
The Organization of the Petroleum Exporting Countries has this year been producing at the highest level in 25 years to meet rising demand, while also enjoying prices which are on course for their highest yearly average on record.
OPEC now fears an out-of-season increase in oil stocks during the northern winter will weaken prices. Cartel ministers meeting in Cairo on Friday agreed to cut production back to the group's official limit of 27 million bpd.
Seven of the cartel's 11 producers will reduce supply by around 5 percent each to make up the overall reduction. Iran, Venezuela and Indonesia will be exempt as they are pumping at or below official limits.
Saudi Arabia has in recent years led OPEC's efforts to improve credibility by enforcing agreed cutbacks.
Traders are skeptical over other producers' determination to reduce supplies. Nigeria, Algeria and Libya, who all want a bigger quota to reflect their higher production capacity, have pledged to reduce a combined 260,000 bpd. Continued ...
© Reuters 2004. All Rights Reserved.
looking good..
to all the bashers or disbeliver where are ya now???
we closed yesteday 0024 after 13 to 1 r/s = 3.1 cents..
todays high
7 cents..
only the begining..
pays to have guts
back at 0.0023
thanks to that seller at 0.0016 yesterday
i appreicated it ..thank yu
one last thing
good article
http://www.economist.com/agenda/displayStory.cfm?story_id=3419543
The government signals the end-game
Nov 26th 2004
From The Economist Global Agenda
The Russian government has set a date to auction off Yukos’s main subsidiary and plans to take the proceeds to cover taxes it claims the oil company owes. A break-up of the company is therefore in sight—if not yet an end to the messy and controversial affair
THERE can be little doubt that, by the end of the year, Yukos, an oil company that has drawn the ire of Russia’s President Vladimir Putin and his coterie in the Kremlin, will be a shadow of its former self. The government has confirmed that, on December 19th, it plans to auction off 77% of Yuganskneftegaz, Yukos’s main oil-production unit, in order to reclaim taxes that it says the company owes. Having coughed up the equivalent of $4 billion to cover taxes for 2002 and prior years, Yukos still faces a bill for another $14.5 billion or so. On top of that, the government is talking about a further liability for 2003. Indeed, some reckon the company’s total bill for back taxes could rise to $25 billion-30 billion, a reason to think that assets other than Yuganskneftegaz will eventually be put on the block.
Conveniently for the government, the date set for the auction is the day before an extraordinary meeting of shareholders called by Yukos’s management. At this meeting, investors are to be asked whether the company should be re-organised or wound up. By then, of course, it may be shorn of its main asset, a process the company describes not only as arbitrary but illegal. (Under Russian law, non-core assets should be sold off first in order to satisfy creditors.) Even if the company were declared bankrupt, there is no guarantee that any assets would survive. The company has already abandoned a survival plan aimed at keeping some businesses intact.
One shareholder who is not expected at the meeting of shareholders is Mikhail Khodorkovsky, Yukos’s majority owner and an opponent of Mr Putin. Mr Khodorkovsky is languishing in jail awaiting trial for alleged fraud and tax evasion—though his arrest in October 2003 and the subsequent hounding of Yukos were generally assumed to be about politics, namely Mr Khodorkovsky’s presidential ambitions, not business. Nor, it seems, are many of Yukos's other senior directors likely to attend the meeting. Most have now fled Russia because of fears that the government will pick on them too, accusing the authorities of seeking the company's “total destruction”. Steven Theede and Bruce Misamore, the company's chief executive and chief financial officer respectively, are said to be in London.
In theory, foreign companies will be free to bid for Yuganskneftegaz, but in practice this is unlikely. Conveniently again for the government, it recently arranged for Gazprom, Russia’s state-run gas monopoly, to acquire Rosneft, an oil firm also owned by the state. The acquisition not only raised the government’s holding in Gazprom to just over 50%, but also ended speculation about which company—Gazprom or Rosneft—was likely to bid for bits of Yukos when they are put under the gavel. The answer is: both will, in tandem (though other Russian firms may also enter the fray).
The government is also likely to make sure that the price paid for Yuganskneftegaz is a mouthful local bidders are able to swallow. Bids will start at $8.65 billion, says the agency orchestrating the sale. This is above the ridiculously low figure of $4 billion bandied about by some but below even the lowest valuation of $10.4 billion put on the subsidiary by Dresdner Kleinwort Wasserstein (DKW), an investment bank called in by the government to provide an independent opinion. DKW’s upper price was $17 billion. However, it is still not clear how much of Yuganskneftegaz's tax liability is included in the price.
To make matters worse for Yukos and Mr Khodorkovsky, the government has lately set about tightening the screws in anticipation of the sale. Last week, Russian authorities again raided the offices of both Yukos and Yuganskneftegaz and arrested Aleksei Kurtsin, a manager of one of the group’s subsidiaries, on charges of embezzlement. As if that were not enough, the prosecutor general’s office also said it had issued an international warrant for the arrest of Nikolai Gololobov, a lawyer representing Yukos. He is alleged to have misappropriated shares worth billions of roubles in 1998. “I think that the case has been resumed against me personally for the simple reason that I am Yukos’s lawyer,” Mr Gololobov told Reuters news agency while on a visit to Britain.
Nor is Yukos the only Russian oil company under the spotlight for allegedly failing to pay taxes. Shares in Sibneft, which is controlled by Roman Abramovich, another business oligarch, have dipped recently because of reports that the government planned to demand an extra $733m in back taxes. TNK, in which BP has a stake, has also been asked to pay an additional $87m. To reassure oilmen, Mr Putin told a group of businessmen that they should have nothing to fear if they pay their dues and shell out for much-needed new infrastructure. But, to many in the industry, such words have a hollow ring (and are interpreted mainly as a way of demonstrating that the government's pursuit of Yukos is not wholly political).
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Yukos, after all, employed tax-saving tricks that were common in the industry and were rarely challenged when they were first used. Indeed, many considered them perfectly legal.
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Whatever happens in December, there is little doubt that at the moment higher oil prices are doing a power of good to Yukos’s bottom line and to Russia’s economy in general. So much so, in fact, that Fitch, a rating agency, has raised by one notch (to BBB minus) its view of Russia’s creditworthiness. The country’s financial position is now so strong that it can cope with most shocks, said Fitch. Since Moody’s, another such agency, has already jacked up its rating, this leaves only Standard & Poor’s among the main rating firms judging Russia’s government debt to be below investment grade (the higher band).
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agian imho stay off of putins badside keep your nose outta politics
simple to secced in russia. there alot of foreign money pourin into russia......
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**************************************************************
Nor, so far, have Yukos’s troubles put off international oil companies from investing in Russia’s energy sector. In September, ConocoPhillips, an American oil firm, bought 7.6% of Lukoil for almost $2 billion, in what was effectively the biggest privatisation in Russian history. The price, needless to say, makes the starting tag of $8.65 billion for Yuganskneftegaz look even more measly. Last week, ConocoPhillips said it still plans to buy a further 2.4% of Lukoil and in time could even lift its holding to 20%.
Indeed, thanks to foreign investment and windfall profits from higher oil prices, a stabilisation fund set up by the government to cushion the country were the economy to sour has grown much more quickly than expected. The government is even winning plaudits for the way it is handling its reserves. In consequence, Mr Putin may well calculate that, while the oil price remains frothy and foreign investment rolls in, he can continue to deal with his political opponents and their assets as he sees fit.
**************************************************************
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dutch ..
like i said im not no insider nor employee of strat i can assure you that. nor do i have every penny i own in spru . i own a modest 3 milllion shares . i have put in what i can " afford " to lose. this is how i play the pink sheet market. im not telling anyone here to invest in strat.
at the end of the day you have to answer to your self!! bottom line . so i encurage every one thats thinkin about investing in strat to do there due dilligance. i simply have laid out what i have uncovered before i invested in spru.
now i would like to address your " can we trust russia" post.
dutch this is no way a " peeing match" here between me and you . i just like to disscuss facts ,thats all in a civilized manner.
not sure if you follow this whole " yukos" sagga from the start or not but here is a few tidbits from july 2003 .i dont think sam has any asperations of running for political office? lol
see ya have to know the whole story ill high light some points that are intresting to me personally.
im goona use capps no to insinuate yelling but just to use as a highlite ..
--------------------------------------------------------------
Analysts believe Putin's St. Petersburg allies see Khodorkovsky as a threat as campaigns for Russia's December parliamentary elections take shape.
DEC 2003 ELECTIONS
--------------------------------------------------------------
Khodorkovsky's financing of the liberal parties Yabloko and Union of Right Forces could help those factions muster a majority in Russia's legislature.
AGIAN POLITICS
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Though he has brushed off questions about his interest in a political career, Khodorkovsky has said he will leave the oil business in 2007, which would coincide with the 2008 presidential campaign season.
DEAMED A THREAT ? IN 2008?
--------------------------------------------------------------
Deal with Putin
The investigations may also be a stern reminder to Khodorkovsky, one of the so-called oligarchs who got rich during the rigged privatizations of the mid-1990s, of the widely reported accord he and his fellow businessmen reached with Putin in 2000.
At the time, Putin agreed not to investigate those state sell-offs if the oligarchs agreed to avoid politics.
SEE KHODORKOVSHY BECAME RICH WHEN RUSSIA COLLAPSED
WAS THERE NOT A DEAL FOR THESE BENIFICARIES TO " STAY OUTTA POLITICS" IN RETURN FOR NO INVESTAGATIONS INTO STATE SELL OFF OF ASSETS DURING THE COLLAPSE OF RUSSIA? LOOKS THAT WAY
---------------------------------------------------------------
Most analysts believe Putin will have to intervene soon to minimize the damage.
Presented with an appeal from Russia's top industrialists to restore calm, Putin gave an indirect response. Never mentioning Yukos, he called "arm-twisting . . . no way to resolve the issue of economic crimes. We cannot base our actions on wild applause at someone being put away in a cell. That notion is absolutely wrong."
Meanwhile, the U.S. government, which sees Khodorkovsky as a bridge to stronger energy ties between Washington and Moscow, has sought clarification from the Russian government on the investigation
WAS THIS ANOTHER FACTOR? TO CLOSE TO THE USA FOR RUSSIA LIKINGS? OR COMFORT?
there more than meets the eye in this whole " yukos " deals in russia that is for sure. stay outta the " political " aspect
thats plain to see obviously.
there a right way and wrong way to do bussiness in russia...
its there turf you play buy there rules..
hey atco
good morning ,
yes i curently own PRRPF also.
at these prices there not much more downside on prrpf imho..
but thats only my opinion . lets think logically . lets say 20 cents on the low thats downside risk.. then 1.00 plus upside doesnt look out of the question imho. and that very well could be consertive.
there some good news coming i would think this week. the stock technically is over sold imho for any of the chart readers here
im holding tight.
as far as mogi i dont own any of it , so i will hold on any comments . i do know there up in sylvian lake canada drilling..thats all.
hope ya have a great day atco.
i dont posts on ragginbull, but if someone whats to posts any of those dd posts i posted, on ragginbull for me i would it greatly appreicated.
thanks
this due dilligence is maybe to deep?
lol
well one more post what the heck.. its all factual info, there is know doubt about it.
lets take a closer look at the " Orenburg Region" thats where our oil field agrement is.
The Orenburg Region is a leading oil and gas producer. Exploration has revealed over 140 oil and gas deposits. Proven reserves of oil exceed 963.1 million bbls, while gas estimates are 28.23 trillion Btu. The region has an estimated 40 to 50 years of commercially exploitable natural gas reserves. Orenburg currently produces between 63.5 and 64.3 million bbls of crude oil. Only about 1% of proven reserves have been extracted which not only leaves significant quantities yet to be extracted but large tracts of land still untested. Strat Petroleum has identified several other opportunities that are under review.
http://flagspot.net/flags/ru(w.html#map
now on this map moscow is number 77 and the orenburb region is number 56. this is where our oil fields is located.
----------------------------------------------------------------
now if ya look at this map you will see the exactually where the major oil and gas basins are in russia
http://energy.usgs.gov/factsheets/Russia/basins.jpeg.html
The cordinates ...
0n the map look on the left hand side of the map for the
40 degrees
then goto the top and look for 12 degrees
this will put you into a huge " yellow " blob called
" VOLGA URAL PROVINCE" AND THERE WHERE WERE AT..
i hope this helps many make there minds up here, and even the doubters amongst us
ITS ALL FACTUAL INFO..
if you want to sit here and say you cant see potential in Strat Petroleum ,that after a r/s will have approx a 40 million share float and 85 million o/s
go invest in qbid that has 9 billlion shares .. we dont need gay tv .. but we do need oil and gas pretty obvious when oil is at 50 dollars a barrel... and these are just some of the reasons i have invested in strat..
all pinks are risky....agreed...... but what more can i show ya..
its your money do as you please..
take care..
barrels
who are we in bed with?
"Gazprom" they own the other 51 percent of the oil field were ready to accuire..great partner i would say....
Gazprom is one of the world's largest highly-integrated natural gas and oil companies. In 2003, the company extracted about 19 trillion cubic feet (about 540.2 billion cubic meters) of natural gas. Gazprom is a leader in natural gas exports and delivers natural gas to 30 countries around the world. Gazprom's share of explored reserves is about six per cent in Russia and 16 per cent in the world. Gazprom's assured resources have been determined to be about 918 trillion cubic feet (about 26 trillion cubic meters). The company is interested in accessing growing North American markets for natural gas and pursuing the LNG business.
also...
Mr. Victor P. Philipov, Ph.D. Mr. Philipov is Dean of the geological Faculty of the Gubkin Oil and Gas University in Moscow and is well known for his experience in oil and gas in the Russian Federation. He has over 25 years experience with the Ministry of Oil and Gas where the last position he held was Chief Geologist. During his career he explored and documented geological findings in all regions of the former Soviet Union.
also
H. Sam Hyams
President & CEO of Strat Petroleum Inc.
Mr. Hyams holds a Masters Degree in Business Administration from York University in Ontario and is a Chartered Accountant. His extensive experience over the past 20 years in Canadian industry and on the international scene has included positions in finance and accounting to assisting in establishing new ventures by securing financing, and managing their business plans. Mr. Hyams has also acted as a consultant to small and medium sized businesses, advising them on strategic plans for growth, acquisitions and divestitures.
Chaim Flatt
Executive V.P. Business Development
Mr. Flatt holds B.Sc. Degree in Mechanical Engineering from the Kaunas Polytechnic University in Russia. He brings over 30 years of knowledge, experience and network of contacts developed in the areas of project development, financing and international trade. Mr. Flatt is President of Arad Energy Products Co. which has been involved in projects in the Russian Federation and other CIS countries since the late 1980’s with focus on the natural resource sector. In the past few years Mr. Flatt has concentrated on trade of oil and oil products, which has allowed him to build a very good network of contacts in the Russia and the CIS.
Lev Perelman
Consulting Engineer
Mr. Perelman holds BS and MS degrees in Civil Engineering and gas supply systems from the University of N. Novgorod (Russia) and holds BS degree in Power Engineering from Southern Alberta Institute of Technology of Calgary(Alberta, Canada) In Russia he was employed by Gasprom and has been actively involved in oil/ gas, development, processing and consulting since 1973. He was involved in the development of the Volga transgas” and Moscowgaspipeline” oil and gas pipelines.
Chyang Wen
V.P. Business China & Far East
Mr. Wen holds a M.B.A. from York University in Ontario, and his career spanning more than 20 year includes banking with experience in commercial credit and comptrollers division. He was involved in establishing a manufacturing business in the pesticide industry where his responsibilities including all financial and marketing functions. For the past several year he has been a consultant to business and businessmen in China and the Far East in attracting investment and investors to Canada. Mr. Wen will use his strong network in those countries to secure investment and contracts for the sale of crude oil and oil products.
dont trust russians? ? PART 2
ok i heard the talk of " dont trust' russians.. well your intitled to your own opinions.
having said that note who the giants are trying to get in bed with "Russian energy powerhouse OAO Gazprom."
hey isnt that who own the 51 percent of the oil field were accuring?
enjoy there big bucks heading for russia..belive it
http://www.petroleumnews.com/pntruncate/253092650.shtml
Petro-Canada eyes Russia
Canadian firm among global giants pondering a role in world’s largest natural gas field; talks overshadow Petro-Canada’s disposal of government shares
Gary Park
Petroleum News Calgary Correspondent
Liberated from almost 30 years of having the Canadian government as its largest shareholder, Petro-Canada came roaring out of the gate Sept. 24, trading more than 13 million shares on the New York and Toronto stock exchanges.
But whatever investor interest there was in the Canadian company’s first day as a fully privatized company was overshadowed by speculation that it is on the verge of taking a role in the world’s largest natural gas field.
Quoting an official from the Russian embassy in Canada, the National Post said Petro-Canada was planning a C$3.6 billion investment in Russia’s gigantic Shtokmanovskoye field in the Barents Sea — a possible 100 trillion cubic foot mother lode that is expected to need a US$30 billion investment to develop.
Stoking those fires were subsequent reports that Petro-Canada Chief Executive Officer Ron Brenneman was among a group of industry leaders, including ExxonMobil President Rex Tillerson and ConocoPhillips President and CEO Jim Mulva, who met in New York Sept. 22 with Alexei Miller, chief executive officer of Russian energy powerhouse OAO Gazprom.
ChevronTexaco Chairman and CEO David O’Reilly and Miller had already signed a binding memorandum of understanding that will see the two firms study possible Russian and U.S. oil and gas joint ventures, notably the development of an LNG export project in Russia.
Also on the list is Gazprom’s potential role in a ChevronTexaco-led LNG import terminal facility in North America.
A number of companies interested
Along with ChevronTexaco, ExxonMobil, ConocoPhillips and Petro-Canada, companies that have shown interest in the Shtokmanovskoye field are Royal Dutch/Shell and Norway’s Statoil.
Gazprom has set a target of 2005 to start test deliveries of LNG to the United States in a move that analysts believe could eventually ease tight supplies in North America and soften commodity prices.
In May, Petro-Canada said it was in talks with Gazprom to build a US$1.3 billion LNG plant in Russia that would be capable of producing up to 5 million tonnes a year, with Petro-Canada taking a possible US$600 million stake.
Petro-Canada and TransCanada teamed up in September with joint plans for a C$660 million LNG terminal in Quebec, 270 miles northeast of Montreal, with aims to ship as much as 500 million cubic feet per day of gas to customers in central Canada and the U.S. Northeast and Midwest. The Russian embassy official Anatoly Sementsov emphasized to the National Post that interest in the Barents Sea field is intense, with winning bidders expected to be announced next spring.
dont trust russians? PART 1
ok few comments here . im goona make it very plain to understand...
1. Strat Petroleum Ltd , needs $10 million dollars, and has a binding Letter of Intent to acquire a 49% actual interest in the field from, Ikornefi a partner of Gazprom, a major Russian oil & gas producer and refiner currently in the Orenburg Region, West of the Ural Mountains.
GAZPROM = RUSSIAN GOVT
so plain english = 10 million dollars gets us a 49 % stake in the "whole" Rozhdestvenskoe field oil site. where talking a oil field which is 600 sq km in size that equals 150,000 ACRES!!!!!! of which only 9.24 sq km approx 3000 acres has been explored .
2.there is 150,000 acres of land to be explored and so far only 3000 acres has been explored.
now on this explored 3000 acres there are currently two producing wells, #230 which produces 375 barrels per day and #236 producing 600 barrels perday, which generate over $500,000 per month in revenues.
We also know that The existing two wells have proven reserves of 5.7 million barrels and will require investment of $4 million and about 60 days to double the production.
we also know there are more wells sitting there capped on the property.$50 dollar oil changes alot of economics..lol
the 4 million is coming from " cgl.vn" Consolidated Gulfside Resources Company signed an arm's length, non-binding Letter of Intent to acquire a 20 % working interest in two large oil wells, known as the Rozhdestvenskoe oil site, in the Region of Orenburg.
NOW WHY IS THIS A SUPRISE? YOU READ THE PR ON SEPT 21 ST 2004?
" The Company is also actively pursuing additional joint venture opportunities for oil fields in the Orenburg, Saratov, and other regions of the Russian Federation."
ENUFF FOR 1 POST.. PART 2 COMING UP
hey dutch ,
let me take a swing at bat here..
reverse split was announced on the 19th ..stock was trading 0024
today " friday" the stock closed 0023.
we had a few on here saying sell shes goona tank..well some tank eh?
you wanted some questions answered ill help ya out.
we had a o/s of 1.1 billion shares these were inherited from f1 who strat reversed merged into..
out of those 1.1 billion there are over 500 million " restricted" shares
so,
1.1 billion reduced by 13 to 1 r/s = approx 85 million shares outstanding.
now of those 85 million shares only approx 40 million are " free trading"
so thereis your share structure.
currently 0023 x 85 million = 1.995 million dollars
so market cap of approx 2 million dollars .
now you can go and read the pr's as to what assets we have rights to there pretty self explanatory.
also look at the people involved here ..russian govt , deans of geology , alot of highly respectable people involved..
so hope this helps ya out..
anymore questions ill be glad to try to help you.
are they aloud visits
in ihub prision.
we need the nut back..
LOANNNNNNNNNNN
GOONA BE A LOAN ..WHERE THE IDIOTS CALLING FOR A CD FINANCING???
----------------------------------------------------------------
The Company will assist Strat Petroleum by raising US$4M of the required funds. Financing will be in the form of a long-term production loan with repayments to be made over a ten-year period and bearing interest at a rate of 5% per year.
----------------------------------------------------------------
GO SPRU GO!!!!
THIS IS GOONA BE SO GOOD!
big rod
you sell you share at 0017 dummy?
hahahah
thanks i liked those cheap ones
i just keep addin to the pile..
OH REAL TIME QUOTE 0024....
LOL
LOL OHH BIG ROD
PANIC PANIC,
WHERE YOUR SHARES LOUD MOUTH???
YOU EVEN KNOW THAT
WITH 85 MILLION SHARES AND A " TRADABLE " FLOAT OF 38 MILLION
THAT THIS IS GOONA BE EXPLOSIVE!!!!
STOP YOUR WHININ
brickman and bigrod
with a o/s of 85 million now and a " free trading float" 38 million" you guys calling for all this doom and gloom are insane ..imho..
we got a market cap of what??????
circus is hiring clowns are wanted ..
bigrod and brickman...
actually,
ACCORDING TO STRAT THE NUT HE SAYS 1.1 BILLION SHARES BEFORE R/S
were talkin 85 MILLION ISSUED AND OUTSTANDING after r/s
but the float ?????
wasnt there 600 million restricted start nut?
AND
500 million in the public float
after r/s 13 to 1
thats now makes 46,153,846 million " restricted" shares"
and a " fLoat of 38, 461,538 million shares....
repeat after me holy $$$$ IT
now we look at the asset we have the option to accuire..
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
1.
Strat Petroleum, Ltd.'s (OTCPS:SPRU) agreement to acquire a 24.5% working interest of a large field, known as the Rozhdestvenskoe oil site, has been solidified and the Company's Advisory Team is currently reviewing data and other documentation made available. The field has proven reserves of:
-- 75,217,000 bbls of crude oil -- 109 billion Btu of natural gas -- 483,000 metric tons of gas condensate
Gazprom, a major Russian oil & gas producer and refiner, currently owns 51% of the field in the Orenburg Region, West of the Ural Mountains.
2.
TORONTO, Sep 8, 2004 (BUSINESS WIRE) --
Strat Petroleum, Ltd. (OTCPS:SPRU) has been offered the first right to participate in two additional fields in the Orenburg Region with proven and probable reserves exceeding 35 million barrels of oil each, and our Advisory Team is currently reviewing data and other documentation made available. The fields are believed to have a number of capped wells close to commercial production levels.
3.
TORONTO, Sep 21, 2004 (BUSINESS WIRE) --
Strat Petroleum, Ltd. (OTCPS: SPRU) has signed a Memorandum of Understanding to participate in a project that will develop and process certain coal oil reserves in the Yakutia Region of the Russian Federation. The first plant will process approximated 20,000 tons per year of
raw material into various finished products. Currently a feasibility study is being completed to determine the size of reserves, site to build processing plant, governmental and other regulatory requirements and other details to ensure the project will be successful.
The Company is also actively pursuing additional joint venture opportunities for oil fields in the Orenburg, Saratov, and other regions of the Russian Federation.
To finance these opportunities the Company is in discussions with a number of financial groups and institutions both in Europe and North America.
4.
Strat Petroleum, Ltd. Reports Results from Rozhdestvenskoe Oil Site
9/24/04
TORONTO, Sep 24, 2004 (BUSINESS WIRE) --
Strat Petroleum, Ltd. (NQB: SPRU) has acquired an option to purchase an additional 24.5% interest of the Rozhdestvenskoe oil site.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Initial results indicate:
(1) The field currently has two producing wells, #230 which
produces 375 barrels per day and #236 producing 600 barrels per
day, which generate over $500,000 per month in revenues.
(2) The existing two wells have proven reserves of 5.7 million
barrels and will require investment of $4 million and about 60
days to double the production.
(3) The size of the field exceeds 600 sq. km and to date only 9.24
sq. km. have been explored.
(4) Strat Petroleum, Ltd. will immediately participate in any
revenues earned by the joint venture.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
INSTANT REVENUE!!! THIS R/S IS A GREAT THING..THIS AINT NO NORMAL SCAM AND RAM RUN OF THE MILL PINK...
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
(5) A more detailed and complete feasibility study will be
performed to determine the full potential of the property.
The company has engaged the services of Emerging Markets Finance International, LLC, a US-UK financial advisory group from England to target and identify suitable strategic partners
THEN WE GET THIS
5.
TORONTO, Nov 11, 2004 (BUSINESS WIRE) --
Strat Petroleum, Ltd (National Quotation Bureau: SPRU) today announced that the Board of Directors has considered the unsolicited take-over bid circular from International Menu Solutions Corp. and determined that it is inadequate and reiterated its consensus that Strat remain independent to pursue the business opportunities it has in the former Soviet Union and elsewhere. The Board noted that there is no current public information about the bidder, which apparently registered with the Securities and Exchange Commission in 1999 but stopped filing annual and periodic reports with the SEC in 2001. Accordingly, under all the circumstances presented, the Board of Directors recommends that shareholders reject the take-over bid.
THEN THIS
6.
Strat Petroleum Announces Reverse Stock Split
11/19/04
TORONTO, Nov 19, 2004 (BUSINESS WIRE) --
Strat Petroleum, Ltd. (National Quotation Bureau: SPRU).
Strat Petroleum, Ltd. today announced that the Board of Directors and shareholders have approved a reverse stock split of one common share for every thirteen (13) common shares. There will be no change in the par value of such shares or the number of authorized shares; fractional shares shall not be issued, but shall be rounded up to the next whole share. The reverse stock split will be effective November 30, 2004 for shareholders of record on November 19, 2004.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
truley amazing if this IS TO be done right..I MEAN USE YOUR HEADS HERE .. AND BASHERS GO TO #ELL!!!!
strat one question for ya...
on the financing... i know you know nuttin but do you think any restricted stock the " 46 million restricted" shares will be used in the finacing ...??????
i mean all were looking for is 4 million dollars and boom instant revenue..
i need an opinion or guess on financing terms???
38 MILLION SHARE FLOAT... EXPLOSIVE ...
lol,
you guys and menu, i wasnt thrilled with there offer .. you guys were insuiating that i was..
lol
1.2 cents cash and 33,333 menu per 1 million strat wasnt a good offer
imho
lets she how this plays out now.
lets see why they told us to reject it.
you think were goona move up to a higher exchange now ben?
or just stick down here in pink ville?
tell strat he
only has 3.076,923 shares now..
lol
im feelin good also
sooo im actually happy
we only got what now
80 PLUS MILLION O/S?
NOT TO BAD
now only APPROX 40 MILLION IN THE " FLOAT'
hey lets doer im not upset in the least..
now the fun begins
we have a market cap of 2.5 million dollars and we have a float of approx 40 million shares
now drop the bomb
go spru go
MANIPULATION-SHORTING
The Short & Distort Scheme
Stage I: Monitoring: In stage I of a Short & Distort scheme, Short groups Monitor spikes in volumes on stocks with no rumors.
Stage 2: Flagging: Shorts Flag stocks that run up then sits back and wait patiently for their time.
Stage 3: Preparation: The Shorters research the company and develop their Distortion of the rumors to be used later.
Stage 4: Actual Shorting: The shorts step in, selling on every possible up tick. This is the Reverse of front loading. Preparations are made to attack the guy who had earlier written positively about the company and take out, discredit, any new long-term champions or messengers.
Stage 5: Distortion Campaign: The shorts step in and increase selling on every possible up tick. Just as with the pump, newsletters, e-mail, PR firms against P & D, etc. are simulated. Expertise in the field is recruited for credibility. Any possible twist using POS (Purposely Omitted Syntax) and PAS (Purposely Added Syntax) is conveniently used on every possible angle. If the POS/PAS is discovered then attack the messenger.
Above all control the message boards. The group clutters the message boards so no positive information can be readily found. Justification is the Value of the Company in the market. Projections of $0.00 worth and loss projections of 100%.
Note: The market manipulator will do everything in his/her power to keep buyers OUT OF THE STOCK. Cut your losses is touted to stimulate fear. You bought higher but now they need you to sell lower.
Stage 6: Pressure: The shorts have taken it too far. The volume is increasing and the price is not effectively dropping. A stalemate occurs. Personal attacks increase. Threats of legal action, SEC involvement, and yes even death threats increase. Increased secret IDs are employed to increase the cluttering, personal attacks and the distortion. So begins a string of lies that run for as long as one's stomach can take it. Desperately playing on the "you have been had" scenario. Any new news will be hit hard by Shorters to kill any interest.
Note: Watch the volume not the share price. A market manipulator will have various brokers buying and selling the stock to give the APPEARANCE of increasing volume but the price goes down. Thus stimulating the story the company is selling or an off shore Reg S or other convenient scenario. Watch for large blocks that show up but have an MM special code, crossovers, etc.
Stage 7: The Cover: Without warning, the buying pressure is too much and the short begins to cover. Short covering combined with new investors buying into the stock causes the stock to go up. Often the whole thing starts again. Just a vicious cycle sometimes. Comment: While all questionable MM activities may not be able to be stopped, widespread knowledge of their modus operandi may discourage some of their more blatant behavior. They know the investing public is aware of what they are doing and looking over their shoulder, while they fight to reform a system corrupt enough to permit such widespread MMM in the first place
http://www.angelfire.com/ca6/asiavest/stock_fraud.html
menu filed there 15c2 11 and ... i wish strat would follow suit and im sure they will they told us they were trying back in sept.
so i guess sam can have a closer look at em ..lol
International Menu Solutions Corporation
INFORMATION STATEMENT PURSUANT TO RULE 15C2-11 OF THESECURITIES
EXCHANGE ACT OF 1934
Information required to conform with the provisions of Subparagraph (a)(4) of Rule 15c2-11
promulgated by the Securities and Exchange Commission under the Securities Act of 1934.
Item 1. The Exact Name of the Issuer and its Predecessor (if any):
International Menu Solutions Corporation
Item 2. The Address of its Principal Executive Offices:
165 Eileen Avenue,
Toronto, ON, M6N 1W3
(416) 294-7075
Item 3. The State of Incorporation
Nevada.
Item 4. The Exact Title and Class of the Security
Common Stock - 25,000,000 shares authorized (Ticker: MENU; CUSIP: 00011121553)
Item 5. The Par or Stated Value of the Security
Common Stock - par value $0.001 per share.
Item 6. The Number of Shares or Total Amount of the Securities Outstanding as of
September 30, 2004
12,538,434 shares of common stock (Public Float – 5,732,473; Shareholders – 99)
Item 7. Name and Address of the Transfer Agent
Liberty Transfer Co.
Huntington, NY, 11743
Phone: (631) 385-1616
(SEC Approved Transfer Agent)
Item 8. The Nature of the Issuer’s Business
SIC Code: 1311 (Crude Petroleum and Natural Gas)
International Menu, a Nevada corporation duly organized in 1997, is an operating company
looking to acquire natural resource companies through mergers and acquisitions. The company
will concentrate its resources to pursue private and or public companies in this sector with the
goal of taking a majority interest.
On August 30, 2004, Bill Akrivos was duly appointed as CEO and President of International
Menu Solutions Corporation. The company has two full-time employees.
Item 9. The Nature of the Products or Services Offered
The exploration, production, and trade of natural resource based products.
Item 10. The Nature and Extend of the Issuer’s Facilities:
Offices are leased and located in Toronto, Ontario, Canada
Item 11. The Names of the Chief Executive Officers and Members of the Board of
Directors:
Name Position
Bill Akrivos - President, Secretary, Treasurer, Director (beneficial owner of 50,000 shares)
None of the above directors have been convicted or named in any pending criminal proceeding
in past five years.
Accountants: Deloitte & Touche LLP, 55 King Street West, Suite 700, Kitchener, Ontario N2G
4W1, (519) 576-0880
Legal Counsel: McCarter Grespan Robson Beynon Thompson LLP, 675 Riverbend Drive,
Kitchener, ON, N2K 3S3, 519-571-8800
Item 12. The Issuer’s Most Recent Balance Sheet, Statement of Operations and Statement
of Cash Flows
See Exhibit “A” for financial information. The financial statement attached as an exhibit are
certified by the signing officer of the Company that they present fairly, in all material respects,
the financial position, results of operations and cash flows for the period presented, in conformity
with accounting principles accepted in the United States, consistently applied.
Item 13. Similar Financial Information For Such Part Of The Two Preceding Fiscal Years
As That Issuer Or Its Predecessor Has Been In Existence
See Exhibit “A” for financial information. The financial statement attached as an exhibit are
certified by the signing officer of the Company that they present fairly, in all material respects,
the financial position, results of operations and cash flows for the period presented, in conformity
with accounting principles accepted in the United States, consistently applied.
Item 14. Is the Broker/Dealer or Associated Persons Affiliated Directly or Indirectly with
the Issuer
Management of the Issuer is not aware of any Broker/Dealer or associated persons or entities that
are affiliated, either directly or indirectly, with the Issuer.
Item 15. Is the Quotation Being Published/Submitted on Behalf of any other
Broker/Dealer, and if so, the Name of Such broker or dealer?
Management of the Issuer is not aware of any Broker/Dealer submitting quotations with respect
to the Issuer's common stock on behalf of any other broker or dealer.
Item 16. Is The Quotation Being Submitted/Published Directly or Indirectly on Behalf of
the Issuer, or Any Director, Officer or Any Person Directly/Indirectly the Beneficial Owner
of More Than 10% of the Outstanding Shares of Any Security Of The Issuer?
Management of the Issuer is not aware of any quotation or quotations being submitted which are
submitted on behalf of the Issuer or any Director, Officer or Ten Percent (10%) shareholder of
the Issuer.
The above information has been undersigned on the date indicated.
/s/ Bill Akrivos
Bill Akrivos
President, Treasurer, CEO and Director
11/01/2004
International Menu Solutions Corporation
Balance Sheet (Unaudited)
YTD Year-End Year-End
Sept. 30, 2004 Dec. 31, 2003 Dec. 31, 2002
ASSETS
CURRENT ASSETS
Cash and cash equivalents 4,500
Accounts receivable
Inventories
Prepaid expenses
4,500 0 0
CAPITAL ASSETS, NET
GOODWILL, NET
OTHER INTANGIBLE ASSETS, NET
LONG TERM RECEIVABLE - - -
TOTAL ASSETS 4,500 0 0
LIABILITIES
CURRENT LIABILITIES
Bank operating loans
Short-term Loan 4,500
Accounts payable 48,850 36,450 24,450
Accrued liabilities
Current portion of capital lease obligations
Current portion of long-term debt
53,350 36,450 24,450
CAPITAL LEASE OBLIGATIONS
LONG-TERM DEBT
CONVERTIBLE DEBENTURE
DEFERRED INCOME TAXES
TOTAL LIABILITIES 53,350 36,450 24,450
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Class N voting, non-participating stock; US$0.001 par
value; 10,000,000 shares authorized; 6,003,632
shares issued 8,704 8,704 8,704
Common stock - US$0.001 par value; 25,000,000 shares
authorized; 24,538,434 shares issued 18,059 18,059 18,059
Additional paid-in capital 37,843,544 37,843,544 37,843,544
Redemption value of written put options
Accumulated other comprehensive loss -81,894 -81,894 -81,894
Accumulated deficit -37,837,263 -37,824,863 -37,812,863
TOTAL STOCKHOLDERS' EQUITY -48,850 -36,450 -24,450
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 4,500 0 0
International Menu Solutions Corporation
Statement of Operations (Unaudited)
YTD Year-End Year-End
Sept. 30, 2004 Dec. 31, 2003 Dec. 31, 2002
REVENUE - - -
COSTS AND EXPENSES
Cost of goods sold - - -
Operating expenses - - -
Selling Administrative expenses 12,400 12,000 12,000
Sale of assets - - -
Write-down of goodwill and other intangible assets - - -
12,400 12,000 12,000
LOSS FROM OPERATIONS (12,400) (12,000) (12,000)
OTHER INCOME (EXPENSE)
Interest revenue - - -
Interest expense - - -
0 0 0
LOSS BEFORE INCOME TAXES (12,400) (12,000) (12,000)
INCOME TAXES - - -
NET LOSS (12,400) (12,000) (12,000)
NET LOSS PER SHARE - BASIC AND DILUTED ($0.00) ($0.00) ($0.00)
WEIGHTED AVERAGE OUTSTANDING
COMMON SHARES 18,542,066 18,542,066 18,542,066
International Menu Solutions Corporation
Balance Sheet (Unaudited)
Year-End Year-End
Dec. 31, 2001 Dec. 31, 2000
ASSETS
CURRENT ASSETS
Cash and cash equivalents 60,673
Accounts receivable 13,085,741
Inventories 6,196,429
Prepaid expenses 975,420
0 20,318,263
CAPITAL ASSETS, NET 18,115,858
GOODWILL, NET 18,753,966
OTHER INTANGIBLE ASSETS, NET 5,678,481
LONG TERM RECEIVABLE - -
TOTAL ASSETS 0 62,866,568
LIABILITIES
CURRENT LIABILITIES
Bank operating loans 12,108,838
Short-term Loan
Accounts payable 12,450 10,143,979
Accrued liabilities 7,440,661
Current portion of capital lease obligations 944,618
Current portion of long-term debt 5,737,616
12,450 36,375,712
CAPITAL LEASE OBLIGATIONS 2,217,305
LONG-TERM DEBT 3,447,902
CONVERTIBLE DEBENTURE 4,000,000
DEFERRED INCOME TAXES 753,400
TOTAL LIABILITIES 12,450 46,794,319
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Class N voting, non-participating stock; US$0.001 par
value; 10,000,000 shares authorized; 6,003,632
shares issued 8,704 8,704
Common stock - US$0.001 par value; 25,000,000 shares
authorized; 24,538,434 shares issued 18,059 18,059
Additional paid-in capital 37,843,544 37,843,544
Redemption value of written put options 1,050,000
Accumulated other comprehensive loss -81,894 -123,564
Accumulated deficit -37,800,863 -22,724,494
TOTAL STOCKHOLDERS' EQUITY -12,450 16,072,249
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 0 62,866,568
International Menu Solutions Corporation
Statement of Operations (Unaudited)
YTD Year-End
Sept. 30, 2004 Dec. 31, 2003
REVENUE 35,526,535 85,263,685
COSTS AND EXPENSES
Cost of goods sold 24,894,079 59,745,789
Operating expenses 3,732,880 11,838,913
Selling Administrative expenses 8,553,858 23,739,117
Sale of assets (Note 1) (30,500,000) -
Write-down of goodwill and other intangible assets 42,548,305 6,173,203
49,229,122 101,497,022
LOSS FROM OPERATIONS (13,702,587) (16,233,337)
OTHER INCOME (EXPENSE)
Interest revenue 61,846 148,431
Interest expense (1,435,629) (3,445,509)
(1,373,783) (3,297,078)
LOSS BEFORE INCOME TAXES (15,076,369) (19,530,415)
INCOME TAXES - 72,412
NET LOSS (15,076,369) (19,602,827)
NET LOSS PER SHARE - BASIC AND DILUTED ($0.81) ($1.06)
WEIGHTED AVERAGE OUTSTANDING
COMMON SHARES 18,542,066 18,542,066
Note 1
As part of the receivership/bankruptcy action undertaken against IMSI by secured debt holders and the subsequent sale of assets, the Company disposed of substantially all
of the operating assets of IMSI and its subsidiaries as well as the Company's shares in Huxtable's Kitchens Inc. As a result of the sale as the Company has been left with no
business activities and no substantial assets.
On April 5, 2001, the Company's banker sought and obtained the appointment of an Interim Receiver from the Ontario Superior Court of Justice over all of the assets,
property and undertakings of IMSI, the operating subsidiaries of IMSI and over the shares of Huxtable's Kitchens Inc., which are owned by the Company. In addition,
Southbridge Investment Partnership No. 1, a secured debt holder of IMSI, petitioned the Company's Canadian subsidiaries into bankruptcy. Concurrent with these actions,
the Ontario Superior Court of Justice approved the sale of substantially all of the assets of IMSI and its subsidiaries and the shares of Huxtable's Kitchens Inc. by the
Interim Receiver to International Menu Partnership (whose name was subsequently changed to HMR Foods Partnership), an affiliate of Southbridge Investment Partnership
No. 1.
On April 6, 2001 the Interim Receiver, under the direction of the Court, concluded the sale transaction such that the businesses operated by the subsidiaries will be
continuing without interruption under the ownership of HMR Foods Partnership.
Under the Court approved sale, the Company's assets as described above were sold for the gross amount of CDN$27,000,000. The purchase amount was subject to
adjustment of approximately CDN$3,400,000 related to certain payment liabilities being assumed by the purchaser. Payment of the purchase was in the form of cash,
assumption of certain debt obligations, and a promissory note. The cash amount was used to repay its bank operating lines, fees related to the transactions, with the balance
used to pay secured debt holders.
The only asset in the name of MENU itself directly affected by the foregoing proceedings are the shares of Huxtable's Kitchens Inc. There was no bankruptcy action taken
against MENU or Huxtable's Kitchens Inc., but as a result of these proceedings, MENU has been left with no business activities and no substantial assets.
While the Company did not consent to or approve of any sale, given its financial position, it did not oppose the Bank's application.
strat nut
how many you got now?
strat you got alot of guts to be suckin up shares like this
i mean 40 million shares x .0025 = 100,000 dollars
and that if your average is 0025..
i personally only have 2.5 million ..lol
i wish us all the best of luck
250,000 SHARES???
IS THAT ALL WE HAVE FOR VOLUME TODAY SO FAR?
HOLY SMOKES
WEIRD