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Just because Petro is out of business doesn't mean they don't still own it. The last I could find was that they still have it listed as an asset which I produced a link to.
Do you have a link that shows otherwise to back up your statement "Petro is out of business and therefore don't own it."
"LGMN PR'd that they have a right to acquire 50% but never Pr'd that they exercised that right."
They also haven't PR'd that they gave up that right because GSRE's own webpage states that "they are aware of the LGMN purported right to acquire and if LGMN wishes to exercise that right GSRE will acquire the other 50% and if they do not GSRE will acquire 100%".
Which by the way, was at the bottom of what you just posted!
Also, how can GSRE claim they have "acquired" DCD as their PR claimed, when they admit that LGMN may be buying 50% of DCD.
Something smells to high heaven here, as usual, with anything GSRE says!
From that production report it looks like DCD got most of the oil by 2003. It probably wasn't economical for them to continue and to expensive to rework for what little more oil they could get from those wells. But now, along comes GSRE, who by their own admission have inexperienced officers, and they try to unload their worthless wells. GL
"Great Day! UP 22.73% "
Not really! The last couple of sells near the close were at .0022, and then someone painted the tape with a 50,000 share buy @ .0027 for $135 at the close.
Since it opened at .0023 they couldn't let it close at .0022!
Guess what! GSRE went right back to .0022 this morning to where it was before that last minute "tape painting" buy.
"From my research it looked like DCD Operating Inc was an inactive business from 2004 until just days before they signed the contract with Petro America Corp in August of 2010"
So now we have 3 companies claiming DCD Operating ownership.
From the GSRE PR we have;
Green Star Energies, Inc. (Pink Sheets: GSRE) is pleased to announce the acquisition of DCD Operating, Inc.
Then from the GSRE web site we have this;
This transaction is subject to final due diligence which includes independent review of historical reserves, the current and past production, and an onsite visit which is being scheduled.
An acquisition is the purchase of one company by another company but now they say the transaction is subject to final due diligence. It seems we've heard this before.
In the Petro scam, petro claims as assets, interests in 28 oil and gas wells in Wyoming owned by DCD Operating, Inc. See in link below page 37.
http://media.kansascity.com/smedia/2010/10/22/22/Affidavit.source.prod_affiliate.81.pdf
Then we also have this company claiming that it has entered into a strategic alliance, with DCD Operating, granting Light Media the right to exclusively: (1) acquire 50% of DCD Operating here;
http://www.marketwire.com/press-release/Light-Media-and-DCD-Operating-Partner-to-Maximize-Recoverable-Oil-and-Gas-1344566.htm
How LOUD can you say SCAM!
From the GSRE PR we have;
Green Star Energies, Inc. (Pink Sheets: GSRE) is pleased to announce the acquisition of DCD Operating, Inc.
Then from the GSRE web site we have this;
This transaction is subject to final due diligence which includes independent review of historical reserves, the current and past production, and an onsite visit which is being scheduled.
An acquisition is the purchase of one company by another company but now they say the transaction is subject to final due diligence. It seems we've heard this before.
In the Petro scam, petro claims as assets, interests in 28 oil and gas wells in Wyoming owned by DCD Operating, Inc. See in link below page 37.
http://media.kansascity.com/smedia/2010/10/22/22/Affidavit.source.prod_affiliate.81.pdf
Then we also have this company claiming that it has entered into a strategic alliance, with DCD Operating, granting Light Media the right to exclusively: (1) acquire 50% of DCD Operating here;
http://www.marketwire.com/press-release/Light-Media-and-DCD-Operating-Partner-to-Maximize-Recoverable-Oil-and-Gas-1344566.htm
So now we have 3 companies claiming DCD Operating ownership.
How LOUD can you say SCAM!
"Great Day! UP 22.73% "
Not really! The last couple of sells near the close were at .0022, and then someone painted the tape with a 50,000 share buy @ .0027 for $135 at the close.
Since it opened at .0023 they couldn't let it close at .0022!
"Hopelessly optimistic or remarkably prescient? "
Niether! Try good old common sense which is defined by webster as; sound and prudent judgment based on a simple perception of the situation or facts.
"Oddly, that court case is not about GSRE LOL."
Oh but it is since GSRE is buying into the same company, DCD Operating, that the petro scam was using to swindle investors. I especially like the part that medchal posted where a much more respected and qualified person commented on the DCD Operating claim.
This deal between DCD Operating and Petro was analyzed by Burrett Clay, a recently retired Chief, Division of Minerals, Realty and Resource Protection, with the Bureau of Land Management. Clay found that “if this is all the technical information provided to potential investors, it is misleading as to actual conditions.” Clay found that:
• “The economic analysis was based on $90 per barrel for oil and $9 per MCF29 for gas. While the $90 per barrel was a good number for Sept 08 (the price was passing through on its way down), the price of oil had been in free fall since mid-July and by the end of 2008 was about $32 per barrel. The price of natural gas was also dropping from the artificial high in July and by Sept was below $8 per MCF. It hovered in the $5 to $6 range until March 2010 when it dropped another $1 per MCF;”
• “The economic analysis escalates the price by 5% per year and the number it uses for Sept 2010 is $99.23 per barrel for oil and $9.92 per MCF for gas while the actual numbers were about $72 per barrel for oil and about $4 per MCF for gas. The best that can be said for this analysis is that at the time it was written it was hopelessly optimistic;”
• “The second economic evaluation increases the recoverable oil from 1,981,500 barrels (from Dr. Serebryakov’s Aug 1, 08 report) to 1,116,000,000 barrels (from Dr. Serebryakov’s Oct 27, 08 report). This is a 500% increase for which there is no explanation;” and
• “There is also a mention of increasing production by horizontal drilling, but in the materials I have there is no reference to the costs of additional drilling at all let alone the higher costs horizontal drilling.”
"a court case that is presumably still unsettled"
It may be "unsettled" but looks like a slam dunk case to me; http://viewer.zoho.com/docs/qEbjW0
"Sounds like you're talking about old new management, not new new management. Toth is leaving after transition."
Did you really mean to say that! I think you just made the posters point!
How long before we have new new new management cleaning up the old new new managements mess?
"I can't make any sense of your post, sorry."
Can't make sense or won't admit the truth which is that DCD Operating is just another worthless
oil field with a bogus appraisal that has been used before to scam investors.
You left off this part (below) which was on the next page showing discrepancies by 500% in that report. It's all bogus and just a scam already used before.
And don't forget, this was written by Special Agent Devin Fields, with the United States Department of the Treasury since June 2005.
“The second economic evaluation increases the recoverable oil from 1,981,500 barrels (from Dr. Serebryakov’s Aug 1, 08 report) to 1,116,000,000 barrels (from Dr. Serebryakov’s Oct 27, 08 report). This is a 500% increase for which there is no explanation;” and
“There is also a mention of increasing production by horizontal drilling, but in the materials I have there is no reference to the costs of additional drilling at all let alone the higher costs horizontal drilling.”
The problem is thought that DCD Operating and that russian appraisal report has been used in scams before. If DCD Operating had what this bogus report says, why would it be used in scams like with Petro?
Crowin, it also looks like this new GSRE acquisition, DCD operating, has made the rounds of scams before. See the middle of page 37 and 50 in this document here;
http://media.kansascity.com/smedia/2010/10/22/22/Affidavit.source.prod_affiliate.81.pdf
It seems this Russian Petroleum expert Dr. Vladimir Serebryakov authored an appraisal of DCD Operating oil and gas interests that was very suspect.
"All I can say is new management wasn't in charge at the turn of the year when the fee and officers list needed to be filed to keep things current. They are in charge now and they have attended to that issue."
Of course new management wasn't in charge at the beginning of the new year but GSRE/Clayton Smith was. GSRE management is nothing more than GSRE/CS puppets. Who else would have the authority to change management?
"it trading but I cant buy b/c of scottrade DAMN! .0008x.0009"
That's lucky for you.
Just wait for a while and you can get it for .0001.
But then look out for the big RS!
"GSRE couldn't very well file the new officers list with the SOS while they were in the process of changing management at the cusp of the new year."
I guess that's as good of an excuse as any for incompetent new management.
Question! How do so many other competent companies manage to stay current at all times?
Could it be legit companies are competent!
"If being in default was so terrible and important, being current must be super great then right?"
As usual you miss the real point! It's about competence, integrity, and industry knowledge.
GSRE'S own disclaimer states that it covers managerial errors made based upon the Company's limited experience and knowledge of the industry.
If they can't keep up with the simple things like staying current with the NV sos (which by the way happens often here), how are they going to run an oil business. I've got news for you, they can't!
They already proved it when they were Titan Oil and Gas, Inc. (from 2-05 to 12-2008).
Then there was Titan Consolidated, Inc.
James Barclay Alan, Inc.
PayForView Media Group Holdings Corp.
PayForview.com Corp.
Sierra Gold Corp.
GSRE has no intention of being successful at any business except taking investors money!
I wanted him to say it but I know he won't! That's why I asked him to name all those others that he claims were; "behind those different companies making sure that whatever company has the symbol doesn't make a go of it".
The funny thing is that he said it, not me! Most of my post that he was replying to came from his sticky post #28994.
"Don't ask us who it is, tell us!"
You were the one who asked:
" What person has been involved with this company as a constant throughout all these transactions? If there is no such person then that's not the truth. Simple."
Now since you said; "if there is no such person then that's not the truth", you can now DISPROVE that there is NOT "ONE" person that has been involved with this company as a constant throughout all these transactions by naming who the different ones were over the years.
I have no idea who it is since GSRE only tells investors what they want them to know. They only say in PR'S, GSRE appoints so and so, or GSRE is doing such and such.
"The Illuminati, no doubt. The same people who put that pyramid with the eye on the back of the dollar bill. There's the answer to your conspiracy theory."
I said nothing about a " conspiracy theory." Just looking for the truth which you don't seem to know!
"So which truth is it then? What person has been involved with this company as a constant throughout all these transactions? If there is no such person then that's not the truth. Simple."
Give me a link to who owns the corporation and calls the shots like in the below examples;
"4/1/2010 PR - Green Star Energies Appoints Jim Hale as President and CEO."
"4/20/2010 - Green Star Energies Appoints Investor Relations Team"
Who appointed Jim Hale?
Who appointed Brandon Toth?
Who appointed the Investor Relations Team?
Who is Green Star Energies?
"So what's the theory, that the stock symbol GSRE is somehow tainted due to the past history of companies that have traded under it? That there is some sort of uber-crook behind those different companies making sure that whatever company has the symbol doesn't make a go of it? That no matter what company trades under this symbol they are tainted by the mistakes of past companies? The symbol GSRE acquired bad karma in a past life?"
It's not a "Theory" but the truth! Thanks for posting what we all know. I couldn't have said it better!
Thanks again, LT.
"I also fine the sticky post by ChangeDirector at the top of the page very enlightening on this subject."
I find ChangeDirector's post enlightening also since Green Star Energies, Inc, Formerly=Titan Oil and Gas, Inc. until 12-2008, Formerly=Titan Consolidated, Inc. until 2-05, Formerly=James Barclay Alan, Inc. until 5-03, Formerly=PayForView Media Group Holdings Corp. until 2-02, Formerly=PayForview.com Corp. until 4-01, Formerly=Sierra Gold Corp. until 1-99, does the same thing ever year or so. Change management, company names, etc., with each new scam! They then blame, "old management who have now left the company, Crow's Run was not even a producing property, old management is gone now, This is an entirely different company now. It has acquired a host of new properties and a new management team," and on and on it goes. Wash, rinse, repeat!
You surely don't think this GSRE Terms & Conditions of Use is legally binding without
a Trademark do you?
There's no place which requires a person to subscriber to access the GSRE website,
let alone a checkbox to indicate whether you agree or disagree.
And this part; "you are not authorized to use any items published by GSRE"
So are they saying investors can't legally use what they publish in a PR? GLWT
Here is what I found at; Trademarkia.com, is updated regularly with the latest trademarks from the United States Patent & Trademark Office (USPTO). While there may be marks that were removed from Trademarkia at their owner's request, you can apply now to register Green Star Energies, Inc. as a trademark if certain conditions are satisfied. Click here to see a list of these conditions.
Terms & Conditions of Use for the Green Star Energies Publications
Please carefully read these terms and conditions of use, including our Disclaimer, Rights of Use, and that regarding Forward Looking Statements before using this website, newsletter or any other of Green Star Energies publications. By accessing or using these publications, you agree to be legally bound by these terms and conditions. If you disagree with any of the following terms or conditions, please do not use this or any of the Company's publications.
If you do not agree to these terms and conditions, you are not authorized to access or download this site or any of its content and you are not authorized to access or use the any items published by Green Star Energies. These terms and conditions supplement any written agreements, addendums, or agreements between you and Green Star Energies.
Green Star Energies owns and operates this website, which allows the subscriber to access Green Star Energies, Inc. intellectual property as contained in all of our publications. Green Star Energies is a trade name and is used to refer to the legal entity Green Star Energies and its products the Green Star Energies website and the Green Star. Green Star Energies is headquartered In Vancouver, WA and maintains the site primarily through servers at several sites in the United States.
And just how long will the Oklahoma Oil Field be on the GSRE site?
If GSRE runs true to form, it will announce a new more "Exciting" oil find
and the Oklahoma Oil Field will will disappear from their website in
another "Update" just like the "producing" Wyoming Oil Field.
Does anyone know what happened to that "GREAT" 5 Barrel a day producer?
Whatever happened to this producing well? Sound familiar?
Green Star Energies Proceeds to Acquire Ownership in a Producing Oil Project in Wyoming
VANCOUVER, Wash., Sept. 13, 2010 aEUR" Green Star Energies, Inc. (Pink Sheets: GSRE) has executed an agreement to acquire ownership in a producing oil well in Niobrara County, Wyoming. The well currently produces 5 barrels of oil per day from the Dakota sand formation. In conjunction with the operator the plan is to increase the production through a rework, which the operator believes will increase production to 10 to 15 barrels of oil per day.
There are several key factors the Company used to determine to move forward with this project:
aEURc The Operator has extensive experience in the Wyoming and Nebraska areas and enjoys a high work over success rate of 95% with reworks in these formations due to state of the art treatment programs.
aEURc The well has over 25 years of production history and wells in this formation typically produce for
aEURc 40 to 60 years.
aEURc Through the use of airborne audio electromagnetic technology, gamma ray detection surveys, radiometric surveys and geochemical surveys, the operator was able to identify and even estimate technically recoverable oil reserves in and around the oil field.
aEURc There is existing proven developed production (PDP) and significant proven reserves with enough acreage for two offset future drilling opportunities on the same lease.
President Hale said, aEURoeThe next step is to do an on-site inspection with the operator who will be doing a number of tests on the well to validate current production before doing the rework. At that time we plan to return to visit and document the progress. This will provide verifiable information including all maps, API numbers, and location which will be added to our website. If any of our stockholders would like to visit the site during this time please contact investor relations to schedule this with management.aEUR
"Another one of my jokes flies over the head of the crowd."
Well here's a GSRE PR joke on investors just like the latest GSRE PR'S?
VANCOUVER, WA--(Marketwire - 11/06/09) - Green Star Energies, Inc. (Pinksheets:GSRE - News) is pleased to announce this operations update for the Eberle #1 in Bastrop County, Texas. Under the direction of the Project Manager an additional round of funds were wired to the operator for the production equipment including the tank and separator.
As per the latest report from the Operator he is now waiting for the completion of the tank and separator installation which will be immediately followed by oil production from the Eberle #1. The operator was not able to install a pump jack on the well immediately due to the significant oil and gas pressure at the well head. Once the tanks are installed oil production will start under its natural flow for a continued period of time until the operator is able to install the pump jack.
All oil sales will be completed as the tanks are filled and are being sold directly under contract through our operator, Tejones Operating to TETCO (http://www.tetco.com) a San Antonio company with convenience store operations and petrochemical distribution which are the company's primary revenue sources, with significant interests in oil and gas exploration, real estate development, and paving and utility construction.
"Production at the Eberle #1 marks a significant event for Green Star Energies investors and management alike. This will pave the way to additional development and acquisition plans which we have been waiting for, to completion of this objective," stated Brandon Toth.
There has been significant geological evaluation done in the recent weeks providing new information that is expected to increase the life of this well and its secondary development plans. The new geological data including information about various depths and offset wells to the Eberle #1 is proving it to be more valuable than anticipated. The details as presented by the operator will be published in a press announcement expected early next week.
"I expect we see that cleared up in a heartbeat."
And how many million HEARTBEATS has GSRE had now to correct that, and how many more millions of HEARTBEATS will they take.
Also GSRE not being up to date with the NSOS is just the tip of the iceberg. What about GSRE'S past PR lies and half truths, gagged TA, and failed "exciting" deals!
"great move for the company."
It may be a great move for the company alright but not for investors who don't know what GSRE management is doing behind closed doors.
And the GSRE comedy soap opera continues! LOL
And then there was this info about Clayton/GSRE;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51645218
Well now that GSRE PR is about as clear as thick black crude oil! LOL
"Scottrade won't even let me dump it at all?"
And they probably won't until GGMC bets rid of "Caveat Emptor (Buyer Beware) label" See below.
That's the price you pay for investing in these Stinky Pinkies.
OTC Markets has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities.
OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to OTC Markets Group's Guidelines for Providing Adequate Current Information (PDF) and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions.
http://www.otcmarkets.com/stock/GGMC/quote
I don't buy the 12 million figure but ???
As for the other 2 he helped the FBI with??
And as to what comes next, I guess the new UCHB officers can start selling
bags of gravel like the people were doing that he bought the gem mines from. LOL
My guess is that UCHB won't even be able to do that, because the sellers probably had a
no competition clause since they only sold a small portion of their operation and are still
selling bags of gravel.
And just as many of us stated over and over here, he admitted to;
"My actor's pride and ego led me to areas well beyond my ability to perform," Wilcox said.
He also stated that "He drained $12 million of his own funds to keep UC Hub Group alive"
After the first million or two you would think he would have wised up!
I wonder how many more millions were lost by UCHB investors, along with ruined marriages
and lives.
Larry Wilcox sentenced to 3 years probation.
http://www.orlandosentinel.com/news/local/crime/fl-larry-wilcox-sentencing-20110128,0,4741744.story
FORT LAUDERDALE — —Larry Wilcox, who won TV stardom as a motorcycle-riding highway patrolman in the hit show "CHiPs," was sentenced Friday to three years' probation after getting nabbed in a FBI sting on a felony securities fraud charge.
The actor, who played California Highway Patrol officer Jonathan "Jon" Baker, avoided prison time after U.S. District James I. Cohn found he was genuinely remorseful for having offered illegal kickbacks to an undercover FBI agent. The judge also said Wilcox had a track record of community service unparalleled by any other defendant who had come before him for sentencing.
A choked-up Wilcox told Cohn that his crime had been an act of desperation, an attempt to keep his company afloat so his friends and investors didn't lose the money they had entrusted to him. He drained $12 million of his own funds to keep UC Hub Group—a mining business--alive, he said.
"My actor's pride and ego led me to areas well beyond my ability to perform," Wilcox said.
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Wilcox, 63, of West Hills, Calif., starred in "CHiPs" along with Erik Estrada from 1977 and 1982, leaving the show before its sixth and final season. He later did some producing and directing work.
He flew to Florida in January 2009 to meet with the FBI agent who was posing as a pension fund employee willing to accept kickbacks to have the fund invest in Wilcox's business. Federal authorities later confronted Wilcox with a copy of the surveillance footage of him agreeing to the illegal scheme.
"I looked at that videotape many times," Wilcox said.
Wilcox cooperated with authorities, agreeing to wear a wire and helping build criminal cases against two other men. He pleaded guilty in November to a count of conspiracy to commit securities fraud, a felony.
"The credibility I labored to establish for so long is gone," he said. "My estate is gone."
Wilcox and his wife recently filed for bankruptcy.
Federal prosecutors acknowledged Wilcox's help Friday, asking the judge to sentence him to a year in prison—a term less than what was called for under recommended federal sentencing guidelines.
But Wilcox's attorney, William Richey, argued the father of five already had "suffered immensely" and said his case warranted a probation sentence with community service hours.
"The arrest and guilty plea of Larry Wilcox has been reported around the world," Richey said.
Sitting behind Wilcox on Friday were a dozen family members and friends, including his wife and all of his children. Supporters also sent a stack of letters on Wilcox's behalf, describing decades of volunteer work for various non-profit groups.
Cohn said Wilcox, a former Marine who served in Vietnam, deserved neither leniency nor a harsher sentence based on his celebrity status. The judge said that while the question of deterrence is always an issue, Wilcox's history as well as his quick acceptance of responsibility for his crime weighed heavily in his sentence.
In addition to the time on probation, Wilcox was ordered to perform 500 hours of community service and is prohibited from being involved in penny-stock companies.
"it won't be where it is today for long !"
You were right, down 40% today!