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VYEY and TreeTop investments>?
Is this the same TreeTop CEO Jim Dial was going to merge GFCI into at on time >
From VYEY 10Q>
In May 2006, we settled a past debt with Treetop Investments for 5,000,000 shares of our restricted common stock in a transaction combining
settlement of debt and purchase of stock.
VYEY = MAJOR DILLUTION >
On December 31,
2007 there were 42,395,366 shares of common stock issued and outstanding
As of March 31, 2008,
there were 60,028,124 shares of our common stock outstanding.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=VYEY
AND SOME THINK CEO JIM DIAL WILL MAKE GOOD ON FTXN>????
Did anyone get email from the good Dr about his decision?
Universal Energy Resources, Inc. Appoints Dr. Donald A. Goddard as Special Advisor to Board of...
Publication: Business Wire
Date: Tuesday, February 6 2007
You are viewing page 1
CONROE, Texas -- Universal Energy Resources, Inc., a private energy holding company, announced today that it had appointed Dr. Donald A. Goddard, an expert geologist in oil and gas exploration and production, as a Special Advisor to its Board of Directors. Dr. Goddard will also assist the Board of Directors in its negotiations with Grifco International, Inc. (GFCI.PK) in connection with the evaluation of oil and gas projects such as the 208 gas leases under contract in Crockett County, TX. As previously announced, Grifco International and its shareholders will receive an equity position in the 208 drill sites and/or gas production dividends on terms to be agreed upon by the parties.
Dr. Goddard began his career in 1965 with Gulf Oil Company (Mene Grande) in Eastern Venezuela. After working for many years as an exploration geophysicist and then production geologists, he became Manager of Geological Operations for Maraven Oil Company in Western Venezuela's Maracaibo region.
Dr. Goddard moved to the USA in 1990 when he began working as a petroleum researcher at Louisiana State University's ("LSU") Center for Energy Studies. While at LSU, Dr. Goddard worked on integrated field studies of mature oil and gas regions of the Gulf Coast, as well as, identifying and transferring upstream technologies to independent operators.
In addition to Dr. Goddard's work at LSU related to improving recovery in mature oil and gas fields, he is a petroleum consultant to international companies interested in pursuing upstream oil and gas activities in the USA and in Latin American countries.
Dr. Goddard's curriculum vitae spans over 30 years of petroleum experience including work in significant producing basins of North, Central and South America. Dr. Goddard was also involved in the initial well program in the early 1980s that help determine the extent of the huge reserves in the Zuata region of the "Orinoco Heavy Oil Belt" in Venezuela.
Dr. Goddard earned a Bachelor of Science degree in geology from Florida State University; Master of Science. and PhD degrees in marine geology and geophysics from the University of London; and a geological engineering degree from the Universidad Central de Venezuela. Dr. Goddard is a member of the American Association of Petroleum Geologists (AAPG); the Baton Rouge Geological Society (BRGS); the Venezuelan Geological Society (SVG); and the Society of Petroleum Engineers (SPE).
The Texas RRC has NO record of VYEY owning ANYTHING - in the Texas RRC eyes VYEY does not exist.
These investors sure CAN go direct, UERI has over 200 Leases for "sublease" or investment on the Adams Ranch in Crocket. These VYEY investors can go to UERI AND CUT out VYEY middle man very easily, VYEY had option for 10 leases, or so they say in PR, UERI has 200 more to sub lease , Look at HCI Investments , they went directly to the source, the only reason VYEY is in the picture is PUMP DUMP shares to RETAIL investors. There is no other reason!
Tell us What did VYEY put up or bring to the table that they could not get directly from UERI?
Tell us why does VYEY pps keep dropping>? Who can have this many shares to SELL INTO EVERY PR since the run up?
ALL of these leases are coming thru UERI a privately held company owned by the CEO of FTXN and GFCI Jim Dial, a known crok, he has used these SAME wells to pump dump a few stocks already, Pink and OTC, VYEY is just the flavor of the month. IMPO of the FACTS......
U dont have to tell me Oracle, preaching to the choir with me , however feel free to post that message , it is on target.....
IN BOLD >
Mr. Humphries and HMG may be subject to fines, sanctions and/or penalties. Section 32 of the Securities Exchange Act of 1934 provides for a fine to us of up to $25,000,000 and a fine to Mr. Humphries of not more than $5,000,000 or imprisonment of up to 20 years, or both for Mr. Humphries. At this time, we are unable to determine the amount of such fines, sanctions and/or penalties that may be incurred.
All u need to do is ask yourself this one question:
Why do these investors paying for all of these wells and drilling need VYEY?
They can go directly to FTXN/UERI and cut out the VYEY middle man?
THEY ARE USING VYEY STOCK AS PUMP DUMP TO RETAIL INVESTORS.
These same wells have been used to pump LSGH(now GAGI), GFCI, FTXN and now VYEY.....AND for sure more to follow.....
IMO
Ask yourselves the easy question > Why do these VYEY investors that paid for all of the leases and drilling need VYEY? They can go direct to UERI/FTXN and cut out this totally useless middle man - WHY then?? That is really EASY IMO > TO MAKE MONEY ON THE PUMP DUMP PR BS > IMPO of the FACTS.
Very good post from RB (one of the few) :
By: cyofish2
18 May 2008, 12:27 AM EDT Msg. 44829 of 44833
(Msg. is a reply to 44825 by printmail01.)
So Victory or their crony does read the RB message boards I see. What their basically saying in plain English is that it was an off balance sheet transaction. A 3rd party bought the interest and transferred the rights to Victory in exchange for Victory Stock. Sort of a straw purchase in a sense.
Why would a 3rd party do this? IMO, so they can play the pump and dump game with the shares and make a handsome return on their investment. At this juncture it would be hard to believe any 3rd party would spend 1.5 million for legitimate business purposes when it's got JD and Fullenkamp's fingerprints all over it. Particularly, when this asset has been used as a prop for a couple of other pinkie scams already. It just doesn't pass the smell test.
I wouldn't be a bit surprise if VYEY goes pink so they don't have to report so much painful details. LET THE SHELL GAME BEGIN!
All my opinion of course.
LOL VYEY had to amend the 8K! >
IMPO SEC Sanctions and investigations will be in VYEY future, not so much for this filing but it is CLEAR JF has no idea what he is doing and when you get in bed with Jim Dial you get the fleas, but also bad case of mange IMPO.....
Section 8 - Other Events
The amendment is being filed to correct error as to the purchase price.
Victory Energy acquired the ownership interest in six term assignments for $1,430,000. These interests are now recorded under the Corporations name in Crockett, County Texas. This recorded interest of each term assignment is 50% of the 100% working interest and 50% of the 74% net revenue interest. 26% of the interest is set aside for royalty interest owners of each lease.
Funds for the transaction were provided by a private institutional investment group in exchange for a portion of Victory’s interest ownership in each term assignment. Currently Victory maintains 15% of the interest ownership until such time the revenues have paid back the original investment, then Victory’s interest ownership will increase to 25%.
These interests were recorded in the official records of Crockett County on May 12, 2008.
LOL VYEY had to amend the 8K! >
Section 8 - Other Events
The amendment is being filed to correct error as to the purchase price.
Victory Energy acquired the ownership interest in six term assignments for $1,430,000. These interests are now recorded under the Corporations name in Crockett, County Texas. This recorded interest of each term assignment is 50% of the 100% working interest and 50% of the 74% net revenue interest. 26% of the interest is set aside for royalty interest owners of each lease.
Funds for the transaction were provided by a private institutional investment group in exchange for a portion of Victory’s interest ownership in each term assignment. Currently Victory maintains 15% of the interest ownership until such time the revenues have paid back the original investment, then Victory’s interest ownership will increase to 25%.
These interests were recorded in the official records of Crockett County on May 12, 2008.
LOL VYEY had to amend the 8K! >
Section 8 - Other Events
The amendment is being filed to correct error as to the purchase price.
Victory Energy acquired the ownership interest in six term assignments for $1,430,000. These interests are now recorded under the Corporations name in Crockett, County Texas. This recorded interest of each term assignment is 50% of the 100% working interest and 50% of the 74% net revenue interest. 26% of the interest is set aside for royalty interest owners of each lease.
Funds for the transaction were provided by a private institutional investment group in exchange for a portion of Victory’s interest ownership in each term assignment. Currently Victory maintains 15% of the interest ownership until such time the revenues have paid back the original investment, then Victory’s interest ownership will increase to 25%.
These interests were recorded in the official records of Crockett County on May 12, 2008.
I dont understand the SEC.....
I was reading thru some recent trade halts and came across a few stocks that got halted and are being investigated for: "lack of current and accurate information about the company because it has not filed periodic reports with the Commission.." and these are Pinksheet companies, that as far as I know dont require filings, take AMCY American Motorcycle, it was halted by SEC on May 8 , the reason it lists is above, well how does a company like GFCI still trade? does it have to go 7 years of ripping off investors before it will be halted and looked into more closely? Makes no sense ...... SEC needs to step in a take action on Grifco GFCI IMPO.....
COMMISSION ANNOUNCEMENTS - SEC Suspends Trading in American Motorcycle Corp.
THURSDAY , MAY 08, 2008 07:46 PM
May 08, 2008 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) -- The U.S. Securities and Exchange Commission announced the temporary suspension of trading of the securities of the following issuer, commencing at 9:30 a.m. EDT on May 8, 2008, and terminating at 11:59 p.m. EDT on May 21, 2008:
* American Motorcycle Corp. (f/k/a Scope Industries, Inc.) (AMCY)
The Commission temporarily suspended trading in the securities of the company due to a lack of current and accurate information about the company because it has not filed periodic reports with the Commission for over seven years. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).
The Commission cautions brokers, dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by this company.
Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at the termination of the trading suspension, no quotation may be entered relating to the securities of the subject company unless and until the broker or dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of this company that have been subject to a trading suspension until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, DC at (202) 551-5720. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information which may relate to this matter, they should immediately communicate it to the Delinquent Filings Branch of the Division of Enforcement at (202) 551-5466, or by e-mail at DelinquentFilings@sec.gov. (Rel. 34-57797)
I would think RReed lawyers would be VERY interested in the spin off of UERI from Grifco. The new SEC Filing about the UERI money should generate some interest in this spinoff, it, the spinoff, clearly was to deceive GFCI investors and RReed judgement IMO.
this is tongue in cheek post? yes? You really are not the nieve? The AS is 100 BILLION for the floorless toxic death spiral convertible SH just sold you.....
TOTAL SCAM IMO.eom
ALL U "INVESTORS" THAT SLAMMED ME OVER AND OVER FOR POSTING THE FACTS ABOUT THE BILLIONS - BILLIONS OF SHARES UNDERLYING DLAV SHARE STRUCTURE NEED TO LEARN ONE THING > READ THE FILINGS!
obligated to issue 36,000,000,000 shares....
Our Board of Directors believes that the amendment is in the best interests of our stockholders and us. We have almost exhausted our authorized capital. On the record date we had 8,500,000,000 shares of common stock authorized. We believe that after the increase is approved, we will have a sufficient number of authorized shares to meet our obligations to issue additional shares and for future contingencies.
The increase in authorized capital is required in connection with the issue of Notes and Warrants described in Certain Relationships and Related Transactions and Director Independence — Securities Purchase Agreements. We do not have sufficient shares authorized and available to issue upon the conversion of the Notes and the exercise of the Warrants. We are obligated to issue an estimated 36,000,000,000 shares upon conversion of our outstanding Notes and the exercise of outstanding Warrants issued in connection with the Securities Purchase Agreements. Under those agreements, we agreed to convene a meeting of the stockholders to increase the number of authorized shares.
ARE YOU GUYS READING THESE FILINGS! DLAV IS SELLING TOXIC STOCK BY THE BILLIONS - BBBIIILLLIIIOOONNNSSSSSS
Recapitalization Agreement
We intend to enter into a Recapitalization Agreement (the “Recapitalization Agreement”) with AJW Partners, Inc., AJW Offshore, Ltd., AJW Qualified Partners, LLC, and New Millennium Capital Partners II, LLC (hereinafter collectively referred to as the "Investors") and ancillary agreements (the “Transaction Agreements”). Under the Recapitalization Agreement, we will sell the Investors $28,515,825 in aggregate principal amount of Callable Secured Convertible Notes (the "New Convertible Notes") in exchange for $9,472,060 in aggregate principal amount of the Convertible Notes described in Item 13. Certain Relationships and Related Transactions and Director Independence in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007. The New Convertible Notes will be due in three years and bear interest at 6% annual interest payable quarterly. The Investors may convert the New Convertible Notes into shares at 70% of the three lowest intraday trading prices during the twenty trading days prior to conversion, except for those New Convertible Notes for which the applicable percentage is 84%.
The effect of the Recapitalization Agreement will be to refinance our existing indebtedness to the Investors. The amount of that indebtedness will increase by $17,285,170, while the interest rate will be decreased to 6%, the due date will be extended until May 15, 2011, and prior technical defaults have in effect been waived.
The Stock Purchase Warrants (the “Warrants”) previously issued to the Investors will remain in full force and effect as described in Item 13. Certain Relationships and Related Transactions and Director Independence - Securities Purchase Agreement in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007.
Based on the conversion price of $. 0008 on May15, 2008 the principal amount of New Convertible Notes can be converted into a minimum of approximately 36 billion shares. Additional shares may be issued if accrued interest is converted. Management believes that the actual conversion price may be lower and more than the minimum number of shares may be issued when the New Convertible Notes are converted.
--------------------------------------------------------------------------------
As the purpose of this transaction is to refinance our existing indebtedness, we will not receive any proceeds from issuing the New Convertible Notes.
The conversion price of the New Convertible Notes and the exercise price of the Warrants will be adjusted in the event that we issue common stock at a price below the fixed conversion price or below market price. The conversion price of the New Convertible Notes and the exercise price of the Warrants may be adjusted in certain circumstances such as if we pay a stock dividend, subdivide or combine outstanding shares of common stock into a greater or lesser number of shares, or take such other actions as would otherwise result in dilution of the Investors’ positions.
Payment of the New Convertible Notes will be secured by all of our assets pursuant to a Security Agreement and an Intellectual Property Security Agreement.
Pursuant to a Registration Rights Agreement we will agree to file a registration statement to register on request by the Investors the shares underlying the New Convertible Notes and Warrants.
We will be subject to the payment of certain penalties and damages in the event we do not satisfy our obligations under the Transaction Agreements including those with respect to registration of the shares underlying the New Convertible Notes and Warrants.
We believe that the terms of all of the above transactions are commercially reasonable and no less favorable to us than we could have obtained from an unaffiliated third party on an arm's length basis. However, the loans to Mr. Humphries and HMG violate the prohibition on loans to executives under Section 13(k) of the Securities Exchange Act of 1934 (402 of the Sarbanes Oxley Act of 2002) that makes it unlawful for us to extend credit in the form of a personal loan to or for any director or executive officer. As a result, despite the fact that a portion of such loans were repaid, we, along with Mr. Humphries and HMG may be subject to fines, sanctions and/or penalties. Section 32 of the Securities Exchange Act of 1934 provides for a fine to us of up to $25,000,000 and a fine to Mr. Humphries of not more than $5,000,000 or imprisonment of up to 20 years, or both for Mr. Humphries. At this time, we are unable to determine the amount of such fines, sanctions and/or penalties that may be incurred.
On November 20, 2007, Mr. Humphries was issued 5,000,000 shares of Common Stock for services rendered valued at $84,400. On March 4, 2008, Mr. Humphries was issued 25,000,000 shares of Common Stock for services rendered valued at $50,000. On April 4, 2008, Mr. Humphries was issued 50,000,000 shares in consideration of services rendered valued at $56,000. Mr. Humphries’ current salary is $20,000 per month. On May 12, 2008, Mr. Humphries was issued 180,000,000 shares in consideration of negotiating approximately $300,000 in additional financing for us by means of Callable Secured Convertible Notes and Common Stock Purchase Warrants issued in a private placement, negotiating distribution agreements, offering us a line of credit of up to $250,000 of credit in his discretion and as we may require pursuant to an Advance Demand Promissory Note, and waiving $10,388 of commissions payable as of March 31, 2008 and all future commissions payable to HMG until such time as we shall become profitable.
lol wrong!
DLAV stockholders got SCREWED WOW.eom
uneasy feeling? lol - DUH VYEY is more or less a Jim Dial company - SHAREHOLDERS WILL ALWAYS COME IN LAST PLACE IMPO
Real simple > Jim Dial is a thief > He is pulling all the strings on these leases and he will rip them out from under VYEY AFTER he sells as much stock as he can for JF. IMPO ofthe FACTS.
Thank you , but it is ALL in the filings , just some chose to read them and others chose to read message board posts as fact.....
IMO filings say DLAV is extremely close to closing the doors IMO
IMO these are the 6 wells Jim Dial said in PR were going to GFCI shareholders. ...
In December of 2007, Victory Energy, pursuant to the terms and conditions of the Purchase Agreement, paid $1,730,000 to Universal Energy Resources, Inc. for the purchase and assignment of a 50% interest in six natural gas wells located in Crockett County, Texas. These interests were recorded in the official records of Crockett County on May 12, 2008.
http://ih.advfn.com/p.php?pid=nmona&cb=1210698155&article=26268263&symbol=NB%5EVYEY
In December of 2007, Victory Energy, pursuant to the terms and conditions of the Purchase Agreement, paid $1,730,000 to Universal Energy Resources, Inc. for the purchase and assignment of a 50% interest in six natural gas wells located in Crockett County, Texas. These interests were recorded in the official records of Crockett County on May 12, 2008.
http://ih.advfn.com/p.php?pid=nmona&cb=1210698155&article=26268263&symbol=NB%5EVYEY
I was doing some DD into this original contract with DRSTP. I am new to ERHC , It appears this is very risky and very volitile contract. It could implode at moments notice. IMO this contract will never pump barrel 1 for ERHC. Go back and read the long twisted path this whole deal has taken, now the DOJ, SEC, HS, Senate has stepped in , this thing is a total mess IMO , but it was and has been since its inception.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=4824817-1172-233147&type=sect&TabIndex=2&companyid=5015&ppu=%252fdefault.aspx%253fcik%253d799235
ERHC RESPONDS TO LETTER FROM PRESIDENT OF DRSTP
Monday September 23, 11:07 am ET
HOUSTON—(BUSINESS WIRE)—Sept. 23, 2002—On September 20, 2002, the Company received via facsimile a letter dated September 19, 2002 from the President of the Democratic Republic of Sao Tome & Principe, Fradique Bandiera Melo de Menezes. In the letter, President Menezes states that our Memorandum of Agreement dated May 21, 2001 "...is so terribly one-sided as to be unconscionable and unenforceable. For that reason, DRSTP has taken the decision not go forward with this Agreement under the current circumstances. DRSTP is prepared, however, to enter into discussions with ERHC-Chrome aimed at reaching an amicable and final solution of the matter. DRSTP is willing to submit a proposal to ERHC-Chrome, which if mutually agreeable, would result in a termination of the current Agreement and settle all outstanding disputes."
The Company disputes President Menezes' statement that the contract is unconscionable and unenforceable.
•
The Memorandum of Agreement ("MOA") of May 21, 2001 negotiated in good faith with DRSTP and was signed by the proper representative of DRSTP, the Minister of Infrastructure, Natural Resources and Environment, at the time, Mr. Luis Alberto dos Prazeres. At the time of the MOA, the Company and DRSTP were engaged in arbitration proceedings relating to the initial agreement between DRSTP and the Company. The parties agreed, in the MOA, that when certain conditions were met, the Arbitration proceedings were to be discontinued with prejudice and the terms of the MOA were to be embodied in a Consent Award issued by the Arbitrator. All the conditions were fulfilled and an Arbitral Award by Consent was subsequently issued. Such Consent stated, in part:
•
"To ratify as a legal valid document, the Agreement......"
•
"To order both Parties to fully comply with the obligations agreed to in said Agreement;"
•
The Company has, since 1997 directly contributed $5 Million in concession fees to the Government and spent additional amounts supporting other DRSTP activities (costs in establishing the EEZ with the UN, salaries for STPetro employees, expenses, etc.) in excess of $7,000,000. The Company was the pioneer for DRSTP's oil industry at a time when no other firm was willing to invest in the country. DRSTP is now poised to enjoy the benefits of a licensing round to be held in the Joint Development Zone between DRSTP and Nigeria.
DRSTP has enjoyed tremendous benefits brought on by ERHC's efforts in the past and is legally and properly due the terms and conditions of the MOA of May 21, 2001 and the subsequent Arbitral Award.
The Company believes that the office of President of DRSTP, non-executive under its own laws and constitution, does not have the authority to cancel or amend any contract or agreement between the Government of DRSTP and another party.
We understand that the Joint Ministerial Council ("JMC") of the Joint Development Authority ("JDA"), made up of ministers of DRSTP and the Federal Republic of Nigeria, has given the JDA power to implement the ERHC contract as it affects the Joint Development Zone ("JDZ"). Efforts are currently in progress between the Company and the JDA to implement the said contract. The Company believes that the Company's rights in the JDZ can only be discussed by the JDA. The Company furthermore believes that the Government of DRSTP alone cannot amend, modify or otherwise change, or request a change without the agreement of the JMC and the JDA.
In summary, the Company believes that any claims by the President of the Democratic Republic of Sao Tome and Principe that he can cause any modification or delay in the MOA are unenforceable and without merit.
--------------------------------------------------------------------------------
Irrespective of the authority of the President of DRSTP, the Company will vigorously defend its rights in the MOA in all international jurisdictions against any and all parties that attempt to frustrate the Company's rights under the MOA.
The Company also wishes to express its disappointment and concern that DRSTP may, through either action or inaction, delay or even destroy its opportunity to become the beneficiary of oil exploration activities in areas in which it has an interest. It is generally believed that commencement of such activities result in dramatic increases in economic activities for the nations involved and resultant benefits for the people.
This report says oil production will not begin until 2012>?
here are few exeprts and link to the 2006 report>
http://siteresources.worldbank.org/INTDEBTDEPT/Resources/DSAFY07STP.pdf.
In the baseline scenario, São Tomé and Príncipe’s debt outlook shows gradual improvements over the medium-term, but it will remain a source of vulnerability until oil production starts in 2012.
Also, São Tomé and Príncipe’s public debt will remain high and vulnerable to shocks to the exchange rate, exports and foreign grants, at least until oil production starts in 2012/13.
The NPV of debt-to-exports ratio improves steadily in the baseline scenario, but will remain significantly above the policy-dependent thresholds until oil production starts. The NPV of debt-to-export ratio decreases from 500 percent in 2005 to 315 percent in 2006, to 271 percent in 2010 (Table 2b). The ratio falls significantly below the 100 percent policy-dependent debt-burden threshold only in 2012, when oil production and exports are projected to begin.
I WAS REPLYING TO A POST?! READ IT > IMO FIRST THEY NEED TO HIRE SOME MORE LAWYERS AND MOVE PAST ALL OF THESE INVESTIGATIONS - THAT WAS THE POST - I WAS NOT MAKING CLAIMS OF UNCOVERING SOME LONG LOST INFO - GEEZ.....
How can a cut n paste from the latest SEC filing be a "bash"???????
FIRST HIRE MORE LAWYERS > This company is being heavily investigated > WOW.....
We are under investigation by the SEC, the DOJ and a U.S.
Senate Subcommittee, and the results of these investigations could have a material adverse effect on our business, prospects, operations, financial condition and cash flow.
The investigations by the DOJ, SEC and Senate Subcommittee are continuing. We anticipate that these investigations will be lengthy and do not expect these investigations to be concluded in the immediate future. If violations are found, we may be subject to criminal, civil and/or administrative sanctions, including substantial fines, and the resolution or disposition of these matters could have a material adverse effect on our business, prospects, operations, financial condition and cash flow.
These investigations could also result in:
· third party claims against us, which may include claims for special, indirect, derivative or consequential damages;
· damage to our business, operations and reputation;
· loss of, or adverse effect on, cash flow, assets, goodwill, operations and financial condition, business, prospects, profits or business value;
· adverse consequences on our ability to obtain or continue financing for current or future projects; and/or
· claims by directors, officers, employees, affiliates, advisors, attorneys, agents, debt holders or other interest holders or constituents of ERHC.
Continuing negative publicity arising out of these investigations could also adversely affect our business and prospects in the commercial marketplace. In addition, these investigations have resulted in increased expenses to ERHC, including substantial legal fees and the diversion of management’s attention from our operations and other activities. If we incur costs or losses as a result of these matters, we may not have the liquidity or funds to address those costs or losses, in which case such costs or losses could have a material adverse effect on our business, prospects, operations, financial condition and cash flow.
http://ih.advfn.com/p.php?pid=nmona&cb=1210457105&article=26239486&symbol=NB%5EERHE
it is oversold - if the report comes in good Monday - could be good time for CDE.....
still HUGE 6 days to cover.......eom
I am soooo happy I sold my CTBG at .045.eom
CTBG NO TRADES SINCE MAY 2ND? WHY?.eom
what a joke ... it is ALL PR BS IMO.eom
GFCI = Caveat Emptor for one of the following reasons.
Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
Investigation of Fraud — There is a known investigation of fraudulent activity committed by the company or insiders.
Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
Disruptive Corporate Actions — The security or issuer is the subject of disruptive corporate actions, such as reverse mergers or serial stocks splits and name changes without adequate current information being publicly available.
Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=gfci
easy > MSITF is a SCAM STOCK.eom