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Pr out next week
Guys I will be talking to the company this morning ,If anyone has any burning questions, let me know and I will try to get you some answers
Neil, the latest amendment suggests, that unless they get that PPS up, anyone with preferred shares at $1, will be converted into common stock at 0.0002 (correct me if wrong). So they get the pps up with a buyback or a R/S or a merger( new cusip). Which ever way they have 12 months or less to achieve this. Anyone buying this preferred stock must be confident of what lies ahead or else they end up with billions of worthless stock
At least the SEC is now looking into scam PINKS
unlike HCPC
2008-41
Washington, D.C., March 13, 2008 - The Securities and Exchange Commission today suspended trading in the securities of 26 companies that appear to have usurped the identity of defunct or inactive publicly-traded corporations using a tactic known as corporate hijacking. The Commission ordered the suspensions because of questions regarding the adequacy and accuracy of information pertaining to their status as publicly-traded companies.
The trading suspensions are part of the SEC's stepped-up effort to address fraud involving the securities of non-exchange traded, or microcap, securities. These are the first actions resulting from the recent formation of the Enforcement Division's microcap fraud working group. In March 2007, the Commission suspended trading in the securities of 35 companies as part of the SEC's Anti-Spam Initiative, which targets potentially fraudulent spam e-mail.
"Microcap investing involves thousands of companies and hundreds of thousands of investors. Keeping this tier of the market honest and free of fraud is every bit as important to investor confidence as our regulation of the world's largest companies and exchanges," said SEC Chairman Christopher Cox. "These trading suspensions demonstrate the SEC's intensified commitment to eradicating microcap fraud. The trading suspensions, and the actions that will follow, should leave no doubt that the Commission will use all of the weapons in its arsenal to combat those who threaten the integrity of our markets."
Linda Chatman Thomsen, Director of the SEC's Division of Enforcement, added, "Hijackings are a burgeoning problem, and a type which the Division's microcap fraud working group was created to address. Today's trading suspensions are squarely aimed at putting the market on notice about the risks associated with acquiring non-operational or 'shell' companies, and with investing in microcaps. This is a first step. We will continue to vigorously investigate those involved."
In conducting the corporate hijacking, certain persons appear to have incorporated each of the 26 companies using the same name as a then defunct or inactive publicly-traded corporation. For identification purposes, each class of an issuer's publicly-traded securities is assigned a ticker symbol by Nasdaq Reorganization and a CUSIP number by the Standard & Poor's CUSIP Bureau. These same persons appear to have usurped the CUSIP numbers and ticker symbols assigned to the defunct or inactive corporations' publicly-traded securities for use by the newly-incorporated entities. They then appear to have obtained new CUSIP numbers and ticker symbols in lieu of the old ones, also for use of the newly incorporated entities, by apparently representing falsely that they were duly authorized officers, directors, or agents of the original publicly-traded corporation.
The trading suspensions will last for 10 business days. The trading suspensions commenced today at 9:30 a.m. ET and terminate at 11:59 p.m. ET on March 27, 2008.
The 26 companies whose trading was suspended today are: Andros Isle Development Corp. (AVPJ); Asante Networks, Inc. (ASTN); Beluga Composites Corporation (BGCC); Cobra Energy Inc. (CBNG); Complete Care Medical, Inc. (CCMI); Disability Access Corporation (DBYC); El Alacran Gold Mine Corp. (EAGM); Extreme Fitness Inc. (EXTF); Gaming Transactions Inc. (GGTS); Global Equity Fund, Inc. (GEQF); HealthSonix Inc. (HSXI); IQ Webquest, Inc. (IQWB); JSX Energy Inc. (JSXG); Kensington Industries, Inc. (KSGT); Kingslake Energy Inc. (KGLJ); L International Computers Inc. (LITL); Let's Talk Recovery Inc. (LKRV); Mobilestream, Inc. (MSRM); Mvive, Inc. (MVIV); Native American Energy Group Inc. (NVMG); Paramount Gold and Silver Corp. (PZG); Regal Technologies Inc. (RGTN); Remington Ventures, Inc. (REMV); Straight Up Brands, Inc. (STRU); Transglobal Oil Corp. (TRGO); and Turquoise Development Company (TQDC).
The Commission cautions broker-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 these companies. Further, broker-dealers should be alert to the fact that, pursuant to Rule 15c2-11 of the Securities Exchange Act of 1934, at the termination of the trading suspensions, no quotation may be entered unless and until the broker-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 has 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, D.C. at (202) 551-5720. If any broker or dealer enters any quotation that is in violation of the rule, the Commission will consider the need for prompt enforcement action.
Aucaf should have even bigger news next week when we will know the PEL 112 results
tuna take a look at this HENC own a 70 % working interest in the same property
http://www.hollomanenergy.com/index.cfm?page=Cooper_Basin
Drilling results expected from AUCAF on TUES next week
Big news from Aucaf and Henc both in to the PEL 112 possible oil strike
Aucaf making a move on possible oil strike ,big news follows monday on numbers , only 16 million O/S
guys news out from AUCAF on their oil play, shaping up to run big time
Aucaf and Henc news out today looks like they are going to hit big
""""NEWS """"" AUCAF and HENC set to hit big oil
http://biz.yahoo.com/bw/080306/20080306005569.html?.v=1
!!!!!!!massive news looks like AUCAF and HENC are set to hit big oil
http://biz.yahoo.com/bw/080306/20080306005569.html?.v=1
HENC breaking out on news
big news from henc
I think you will find a reference to projected earnings from loans about to close
The financial s are out tues
Henc look out for news on PEL 112 drilling
aucaf news this week on drilling Pel 112
cowboy please take a look at this report it should answer your questions re Pel 112
http://www.hollomanenergy.com/index.cfm?page=Media
Check out HENC we may have news drilling results this week
http://au.us.biz.yahoo.com/bw/080226/20080226005870.html?.v=1
Henc has a 67% WI in this property
Hillzman to answer your question about when will they start drilling
http://au.us.biz.yahoo.com/bw/080226/20080226005870.html?.v=1
Henc has a 67% WI in this property
Anyone ever hear of a property called the PEL 112 ( google it) then take a look at this report,
http://www.hollomanenergy.com/index.cfm?page=Media
check out Henc ,do your DD on a property they have just started to drill PEL 112, this could get very interesting in the next few days. Big oil plays a line this property
check out Henc they have just started drilling on one of there properties PEL 112 this had big strikes all around . PPS is a steel if they hit
Keep a close eye out for
http://biz.yahoo.com/bw/080226/20080226005870.html?.v=1
Cash according to the site we should see a pr next week
http://www.heritagecapitalcreditcorp.com/id8.html
nhguy take look at my last post. Please do some DD here and let me know what you think
They have used the Hunt rigs I called the operator to confirm the drilling check this out
Mr Christopher Brown
Operations Manager
Mobile: 0429 838 202 (24 hours)
Email: chrisbrown@huntenergy.com.au
Read this report on there current holdings in Australia
http://www.hollomanenergy.com/index.cfm?page=Media
Henc have just started drilling on there 70% WI PEL 112
that the operator states that as of Sunday morning (Texas Time), the Hunt drilling rig #2 began drilling the Pecos-1 well.
The Pecos-1 well will be drilled to a total depth of approximately 6,000 feet and will take approximately 12-14 days to reach TD. The Pecos-1 well is part of a three (3) well 2008 drilling program.
The primary payzone of the Pecos-1 well is the Hutton Sandstone, but five (5) more possible additional payzones may occur in the CadnaOwie, Namur, Birkhead, Murta and Poolawana sandstones.
Henc have just started drilling on a potentially massive property called PEL 112 do your DD on this. They have a 70 % WI if they hit it will be big, all the finds have been in the thousands of BPD
Guys take a look at Henc they have just started drilling on a potentially massive property called PEL 112 ( google this) do your DD on this. They have a 70 % WI
Guys we could see a pr today or Monday on the financial's these will be posted as a pr or on their web site. In the financial's we will see a projected earnings section from upcoming closings and maybe a reference to a share buyback
Penny scroll down my last post you will see the news
HCPC $400 million deal just financing now arranged
scroll down
HCPC $400 million deal just financing now arranged
HCPC $400 million deal just financing now arranged
Hcpc business plan ( look at the EPS and divide/10 on 1.3 billion shares which is the company short term goal regarding buyback and O/S
There plan is to get this share count back to millions rather than billions
Changing the subject. I am looking at getting quotestream, does any one here use this or any other pink level II platform. I did use Microcaptrade but I think they are expensive