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He's correct Irish...Rufus didn't spend all of the money...Ben helped out quite a bit...lol
What is your opinion or thoughts on this part of the trial? (in Bold letters) One of the 3 plead guilty...I would say that is rather telling. The man ADMITS to the crimes....I would say he knows a bit more about what happened than anyone posting on this board. He pleaded GUILTY. I seriously doubt that he was the only one of the 3 that did anything wrong, and that the other two were COMPLETELY unaware of his actions.
Also being sentenced that day will be Conversion Solutions Holdings’ co-founder and former chief operating officer, Benjamin Stanley, 48, of Kennesaw, who was convicted of securities fraud, wire fraud and conspiracy, and the former chief financial officer, Darryl Horton, 50, of Okemos, MI, who pleaded guilty to conspiracy while the jury was deliberating.
Golly gee...I better come clean. I confess I have known for several years now that Rufus Paul Harris is a lying, thieving, low life piece of scum that will soon be taking more of my money by way of my tax dollars supporting him in PRISON. Oh my!...I DO feel better now.
Someone will have to pay some hefty fines, along with the cleanup and getting the leases back in the good graces of the RRC BEFORE he can move towards production.
nice little video
This is OLD info....I posted this on various boards years ago.
Jms Construction Inc in Lake Dallas, TX is a private company categorized under Home Builders. Our records show it was established in 2004 and incorporated in Texas. Current estimates show this company has an annual revenue of $130,000 and employs a staff of approximately 1.
Jms Construction Inc
507 Main Street # A
Lake Dallas, TX 75065-3721
Dave Perley
President
Jms Construction Inc
Lake Dallas, TX
update your extensive collection of data.
they should furnish him with a dikshunary
From what I've heard about the trial, the only "witnesses" were for the prosecution...and I believe are referred to as "victims". They do have the right to petition the court to speak at the sentencing. I'm sure that would help butter butt quite well....may ensure him a nice cell with Bubba.
Look on the bright side Deano...not a whole lot rufus can buy in the prison commissary....though he probably should load up on a few things......K-Y...lotion...knee pads....prison jumpsuit with a velcro easy access back flap.
That brings up an interesting question. I live in the Dallas area and own several properties that I have extended lease agreements on with an oil company. My properties aren't large holdings, but I did get a nice chunk of change up front along with royalties that amount to a few hundred dollars a month...renegotiable after 3 years. After "negotiating" with the company, I found that that is a pretty standard format...up front incentive cash...then royalties along the way with an understanding that drilling will begin within a set timeframe.
I am curious to know what the cost of the leases are/where...and the cost of maintaining rights to those leases over an extended period of time. I doubt the mineral rights owner would have settled for a one lump sum and then.....oooohhhh...when ever ya'll get around to drilling wells...then you can pay me a monthly royalty....no hurry...take yur time.
I don't recall seeing ANY leasehold costs in the filings for any of the companies that has or had their grubby little fingers in this over the past 6 or 7 years.
Isn't this just a little closer than Russia? And don't we (PGPM) kinda sorta already own leases in this area? Some other interesting reading at the link below.
http://www.star-telegram.com/barnettshale/
September 26, 2011
Barnett Shale impact: $65.4 billion, 100,000 jobs
A study by well-known Texas economist Ray Perryman has found that the Barnett Shale natural gas drilling boom in North Texas had an economic impact of $65.4 billion on the region and generated approximately 100,000 jobs from 2001 to 2011.
Perryman is to outline findings of the study to the Fort Worth City Council in an 8:30 a.m. council work session Tuesday at City Hall at 1000 Throckmorton St. in downtown Fort Worth, prior to the council's regular 10 a.m. meeting.
Commissioned by the Fort Worth Chamber of Commerce and conducted by The Perryman Group of Waco, “A Decade of Drilling” examined Barnett Shale activity and impact on local, regional and state business activity.
The study found that the Barrnett had a $65.4 billion regional economic impact an an $80.7 billion statewide impact.
Approximately 38.5 percent of the region’s economic growth since 2001 stems from Barnett Shale activity, the study said.
It seems a lot of people are not very familiar with computers that post on this board. JOHN is me...that location entry..... signifies MY personal computer desktop. That is where I saved the jpeg file I created before uploading it for all to see. I was simply providing the "picture" of the info that masc was trying to explain.
The building DOES exist....I've been there. I posted pics several years ago of the building. Unfortunately the day I went and took those pics, no one was there...and if I remember right...one of the windows was broken with a piece of plywood covering it. Also of note...there was NO indication of PGPM being in the building. Not a single sign....no lettering on a door...side of the building...window...nothing at all to indicate PGPM actually occupied space in the building. I can't remember how long ago I posted them...mid 2008 I believe.
if you are looking at an aerial view on mapquest...the building is on the south side of the road...there is a curve at the west end of westgrove that turns north, with a builidng on the south side at the curve...THAT building is Millionair Air...just east of that building is a large vacant lot...directly on the east side of that vacant lot is the building.
second building on the west side of Clair Chennault St. south side of westgrove.
most everyone is still on skype...but not on the "board" we had set up. I talk to a few peeps now and then, but haven't talked to KCC in well over a year.
KB...how ya doin. and Frank told me you and Rufus were pretty tight after a dozen beers....lol
ACLY doesn't qualify to uplist to AMEX or NYSE.....not even close.
He may well have been gone a long time. We have no way to know how long they originally paid for. But little things like this really bugs me...tells me management...or someone, isn't paying attention to details.....even minor ones.
PGPM website STILL DOWN
Registration Service Provided By: Domain Registry of America
Contact:
Web:http://www.droa.com
Domain name: apetroleum.com
Registrant Contact:
Jeffrey Fanning
Private Registration
2316 Delaware Ave Suite #266
Buffalo
NY, 14216-2687 US
866-434-0212
866-434-0211
Administrative Contact:
Jeffrey Fanning
Private Registration
2316 Delaware Ave Suite #266
Buffalo
NY, 14216-2687 US
866-434-0212
866-434-0211
Technical Contact:
Jeffrey Fanning
Private Registration
2316 Delaware Ave Suite #266
Buffalo
NY, 14216-2687 US
866-434-0212
866-434-0211
Update date: 2011-08-12
Expiration date: 2011-08-10
A LOT of these scam stocks trade wildly based on the amount of lies by management and the level of greed by both the management and retailers buying the stock. This one happened to get a bit of a pump because it took a while before the GOV. and other legal entities went after rufus and his budides. If they had jumped on this quickly after the SEC filings...I think a lot less money would have been lost.
Most people fail to realize the SEC does NOT monitor and verify all filings...they rely on honesty, and outside scrutiny to catch the crooks moreso than internal auditing controls. So....it generally does take a while before the scammers get looked at.
I know quite a few people were on the band wagon from the start...pumping to no end the obscene amounts of money they were going to make...all under the pretext of "helping the less fortunate". That was one of his big selling points...not that you "might" get rich...but what were you going to do with the fantastic amounts of money you were going to make to improve the world and the less fortunate.
Rufus had a very good front end on his scam...he sucked in a lot of people using "save the world" rhetoric and playing on the emotions of people thinking they really could be in a position to help others...AFTER they themselves were financially secure.
But...in my opinion....his schizophrenic, and sociopathic mentality couldn't finish the scam...his inability to think logically and rationally outside a drunken stuper, along with his Napoleon complex, coupled with sheer arrogance and stupidity...geeez...I could go on and on and on...
as of 3:25pm CST
www.apetroleum.com is DOWN
WWW.arclandenergy.com is UP
Registration Service Provided By: Domain Registry of America
Contact:
Web:http://www.droa.com
Domain name: apetroleum.com
Registrant Contact:
Jeffrey Fanning
Private Registration
2316 Delaware Ave Suite #266
Buffalo
NY, 14216-2687 US
866-434-0212
866-434-0211
Administrative Contact:
Jeffrey Fanning
Private Registration
2316 Delaware Ave Suite #266
Buffalo
NY, 14216-2687 US
866-434-0212
866-434-0211
Technical Contact:
Jeffrey Fanning
Private Registration
2316 Delaware Ave Suite #266
Buffalo
NY, 14216-2687 US
866-434-0212
866-434-0211
Update date: 2011-08-12
Expiration date: 2011-08-10
seems ruffie is getting quite a tour of the fed facilities these days.
Inmate Locator - Locate Federal inmates from 1982 to present
Name Register # Age-Race-Sex Release Date
Location
1. RUFUS PAUL HARRIS 61490-019 43-White-M UNKNOWN MIAMI FDC
I wonder if rufie gets to watch the airplanes....maybe he can figure out a way to airmail himself outta ending up as a landing strip for big bubba and his friends....lol
Inmate Locator - Locate Federal inmates from 1982 to present
Name Register # Age-Race-Sex Release Date
Location
1. RUFUS HARRIS 44014-061 30-Black-M 06-11-2010 RELEASED
2. RUFUS PAUL HARRIS 61490-019 43-White-M UNKNOWN OKLAHOMA CITY FTC
exactly...the greater the loss to investors...the greater the possibility of an increase in their stay at motel Gray Bar.
Now Irish....knowing that Utah is one of the most lenient corporate states, one must "read between the lines" and see the evils that abound there in the corporate world. There is no doubt Rufus was on a secret mission for the Vatican. His uncanny ability to know and understand months in advance evils being perpetrated by the beast, no matter where they may be, undoubtedly led him on this quest of justice and good for all mankind.
I'm sure he was preparing an exorcism of sorts to ward off the evils eminating from the beast's source portal that he no doubt discovered to be a utility closet....in a basement...in Utah, and one of his stature and ability can't let something as insignificant as a federal fraud trial hinder him from his greater calling....to save the world from the beast and it's evil minions on wall street.....or maybe he took a wrong turn out of the atlanta hooters in a drunken stuper and got lost.
As long as we're keeping it real...the SEC doesn't give a rats azz if they are buddies or the worst kind of enemies...and the PCAOB doesn't care either. Bottom line is a letter is expected, and it needs to be there within a reasonable amount of time. Along with that, the SEC doesn't go ask...they expect the company to be PROFESSIONAL....make that both companies.... and respond within a reasonable amount of time by requesting...and receiving what is required.
I don't believe...and just my personal opinion...that the previous auditor would be holding back from such a request. They have nothing to gain or lose in this by doing so....unless..."something" in a previous filing they audited was not quite as squeeky clean as it should be...and was allowed to slide on by?
if you aren't familiar with PCAOB...
www.pcaobus.org
just something to think about.
Do you see the potential trend here. This is why many of us are so pessimistic when it comes to RP backing up his mouth. Currently he is 0 for every attempt, and the result has been steady shareholder loss after loss after loss after loss.
IRVING, Texas--(BUSINESS WIRE)--Pilgrim Petroleum Corporation (Pink Sheets:PGPM) is pleased to announce that the final Assessment on its interests in Archer and Wichita Counties Texas, prepared by Gustavson Associates has been completed. The report has an effective date of September 15, 2006, and evaluates Pilgrim Petroleum acreage located on the Bend Arch-Fort Worth Basin Province, Texas. Gustavson Associates was engaged by Pilgrim Petroleum Corporation to prepare the report as the due diligence basis to comply with Canadian TSX (Toronto Stock Exchange) requirements in addition to SEC guidelines.
The report was prepared for the company using assumptions and methodology guidelines outlined in the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and in accordance with National Instrument 51-101 ("NI 51-101"). Additionally, Gustavson Associates conducted a scoping economic analysis of the Prospect using the “Best Estimate” for both an oil and gas future net revenues (before deductions of income taxes).
Specifically, the report provides the following highlights:
Low Estimate
996 MBbl
3.98 BCF
Best Estimate
1,832 MBbl
7.32 BCF
High Estimate
2,676 MBbl
10.70 BCF
ECONOMIC EVALUATION
Pilgrim also requested Gustavson Associates to complete economic runs with the estimated prospective resources and similar production profiles. This study will show estimate development schedules for Pilgrim’s acreage and generate a forecast of future net revenues and discounted cash flow.
The following estimates are based on the best estimate of the prospective hydrocarbon resources. The initial net prices, for the purpose of the analysis are $59.95 per barrel for the oil case and $4.97 per MCF for the gas case and include deductions for estimated future well abandonment costs.
Best Estimate Net Revenue Before Income Tax
$102,370,000
Best Estimate Net Present Value of Future Net Revenues (at 10% discount rate)
$52,050,000
Pilgrim Petroleum President and CEO Rafael Pinedo said, "We are very pleased to have interest in such an outstanding exploration prospect with the potentially dramatic high impact upside potential of this acreage. The Gustavson report is consistent with historical estimates of the resource potential and risks for the blocks and the report clearly confirms our belief that we have in our hands a world-class exploration prospect. As we move into this next phase of commencing the exploration program, we will continue to work to advance on our re-activation program and aggressively finish our audit and become a fully reporting company."
This should make things a bit more interesting on down the road...IF...the SEC keeps the Microcap Fraud Working Group funded and empowered.
http://www.sec.gov/news/press/2011/2011-120.htm
Are you aware that the SEC does NOT verify all filings? They rely mainly on PCAOB to police the filings, and typically get involved when there is a formal submission of possible fraud.
I won't say the filings are bogus...or fradulent...because I don't know.
I do know that RP has produced filings that makes one wonder why the information within those filings weren't pursued and acted on, instead of allowing potential millions of dollars worth of profit to go down the crapper.
Also...the "forward looking statement" or "safe harbor" is an implicit component of all filings...it is regulated by the SEC and is blatantly abused by the majority of pinks.
Again, not to say that RP is, or has in the past, utilized the FLS to mislead investors...but one has to take into consideration his past accomplishments and past NON actions.
Unfortunately the pinks in general have redefined the definition of "potential" in a rather negative light.
Of course I want RP/ACLY to pull this out because I stand to make a nice chunk of nickels....but his track record points to a much different outcome than we hope for.
Soooooooooooooon....we should know the facts.
I know you do your DD...and I enjoy your posts and perspective...but take in to consideration that some of us that have been here for years have done our DD as well, and we see a possible pattern developing that could be painful to a lot more peeps.
567....you can't rely on SEC filings being "credible" in all cases. You stated the following:
There is nothing more credible than SEC FILINGS. Filings to the very board that regulates the industry.
I can direct you to an extremely painful (for many people) and hilarious approach to a scam that has finally come
to an end with the perps awaiting sentancing on Aug 18. They were all convicted of multiple felonies, and
the CEO actually bailed in the middle of trial. He was captured several days later hiding in a "friends" closet
2000 miles away. My point is...AFTER the SEC filings by the company, many people dropped a LOT of money into
this stock, only to later find the SEC filings were all fradulent. Unfortunately it took months, and a LOT of
investor complaining to the SEC before they made an effort to verify. Then ( 5 yr process) before partial justice
was served. And there is probably a 98% chance that investors will never see a penny back from this scam.
My point is, you can't trust "audited financials" submitted to the SEC from many of these pinks.
For some unbelievable humor check out the CSHD board and scan back through the posts.
Also, check out the board called "SEC Charges Eleven in Stock Manipulation Ring - More to come?" A good insight
to the world of corrupt pinks and how a lot of them operate.
I as many here hope this turns out to be good...but past history of RP says he is more a manipulator than an
intelligent CEO.
I see him hiding behind the "forward looking statement" more than anything in 99.9% of his ventures.
Lets hope he comes through and makes us all some money.
thats approx. $1.7 TRILLION dollars worth of gold at todays prices.....and his pps is under 4 bits....wonder if he's been indulging in that gold from south of the border.
Irish...just a few links for anyone wanting to dig further...It's late...I'm old...needs me beauty sleep...lol. maybe I will spend some time tomorrow to see what I can find out about the cult and any connections.
http://www.facebook.com/monty.mangum
http://www.facebook.com/people/Elizabeth-Elaine-Mangum/1010435657
http://eweb.washco.utah.gov/recorder/eagleweb/docSearchResults.jsp?searchId=0
http://www.zabasearch.com/maps/?sname1=MONTY%20R%20MANGUM&sname=MONTY%20R%20MANGUM&first=MONTY&last=MANGUM&middle=R&state=UT&address=1185%20HWY%2089&city=PANGUITCH&zipcode=84759&&cm=08&cy=2002&phone=(435)%20676-2298&int_var=3
this link has more pics, and a poor pic of the van
http://kennesaw.patch.com/articles/convicted-fugitive-financier-caught
I suppose it's possible the people at the residence turned him in either because they are honest, or because they were smart enough to know their arse would be in a sling as well. I doubt crooks have much loyalty to each other when jail time is the end result. Just a thought.
Hey Irish...how ya doing. This is the BEST part of that article.
Harris and Stanley could receive a maximum sentence of 25 years in prison and a fine of up to $250,000 for the securities fraud charge, 25 years in prison and a fine of up to $250,000 for the conspiracy charge, and 20 years in prison and a fine of up to $250,000 for each count of the wire fraud charges.
The false certification of a financial statement charge, as to Harris, carries a maximum sentence of 10 years in prison and a fine of up to $1 million.
I lost a little money on this, and I fully intend to spend just a little more in Rufus' behalf once he goes to jail. A nice care package for him...knee pads...lip balm...jammies with a back flap...and some K-Y.
I would imagine that they have two bulk certs now...would be easier to track. I do know in the past, TDA has had combined bulk certs of both free trade and restricted shares. Also...the TA is the ONLY PERSON that can remove the RL and issue a new cert...not the broker...not the company..not the DTCC...not FINRA....not even the SEC. The TA is responsible for tracking each and every share, and it's associated status...be it restricted...free trade....held as treasury stock.
Something you might consider...I've done this several times......personally contacted the TA for the stock in question, and asked them for THEIR procedures to get me my physical cert.....then contacted TDA. The reason being is TDA has blatantly lied to me about the process/procedures in the past, and cost me a LOT of money.
PAI...it's all about them making some $$$. The certificate that TDA holds is an electronic cert which holds multiple investors shares in street name. The "process" can be completed from TDA to the TA and back to TDA within a matter of hours....but...again...it's all about them making some $$$.
They will charge each and every shareholder the same fee...the TA will charge the same fee...they make some coin from each shareholder that makes the request. TDA simply verifies your request and sends an electronic copy of their bulk cert showing who owns and how many shares. They include specific info about you to prove you are the rightful owner, and typically a copy of your request for the free trade cert.
Now, I will say it is a bit more work for the TA because they have to actually do some manual labor...verify who you are...how many shares you own...then dump that info into their electronic copy of an ACLY cert...record the transfer from restricted to free trade...print it out...package it up and mail it. They also have to update the bulk cert and send it back to TDA to reflect the removal of you and your shares.
An FYI....each and every broker holds their own "bulk certs" for the various stocks they hold in street name for their investors.
TDA may have 50 investors that "own' ACLY which is held in street name...and they would all be reflected on that one "bulk cert". Keep in mind that these "bulk certs" (really these are buy/sell transactions in a database that is constantly being updated) change on a daily basis as shares are bought and sold constantly...hence the need for them to be electonically maintained.