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To Larry,
Checking to see if you still live and if so will you be having any PRs telling us anything remotely resembling a verifiable fact on EQMB and/or SOMPF?
Stuart
E-mailed
Time & Sales most recent next page
Rec. Time Action Price Volume
3:44:02 PM Trade 0.0005 200000
3:44:02 PM Trade 0.0003 500000
3:43:58 PM Trade 0.0002 43400
3:43:58 PM Trade 0.0002 50000
3:43:54 PM Trade 0.0001 100000
3:43:54 PM Trade 0.0001 30000
I did try Larry after the last release you posted. Nada
Is this "our" property? EOM
Like we have a choice? I'm signing a re-fi tomorrow. So I can hold on to these shares until they're Totally worthless or go up to $.50 and it makes no difference to my finances, so wait I will. Be nice if Larry actually gave us a REAL reason to wait, but that's expecting to much I guess.
Yeah, it doesn't seem right.
Hey Couch that's my line!. LOL And back of the napkin that means I need at least $.50 on SOMPF and I would need to sell EQBM @.0001 for basis purposes.
I love it if you could confirm it by asking your local Scottrade.
I called and talked with a guy named Joel and he promised to get back to me. He hadn't so I called back talked to a different guy and pointed out that my account said I couldn't buy OR sell whereas the list under clearing restrictions said I could sell only. He did get back to me and said I have to call in the sell, but I COULD sell. I continue to "WAIT". (followed by slightly painful insane laughter!)
Sent the last in an e-mail to Larry also. One word reply - "wait". He didn't say next week though!
I stand corrected - turns out I CAN sell SOMPF, but not buy with Scottrade. I want more for it then $500 + after commission though.
I stand corrected - turns out I CAN sell SOMPF, but not buy with Scottrade. I want more for it then $500 + after commission though.
r7315. The answer is NO! My latest to Larry after he said there is only one SOMA:
Not from most people’s experience. Most people have not been able to convert them from SOMPF to SA1. And SOMPF is how they were received here in the states. They’re no good that way. The brokers won’t trade the stock. Scottrade does have a inconsistency on their site and I do have a call into them. For my account it shows I can’t buy or sell whereas on the restricted shares it shows I can sell them, but not buy them so the rep I called has put the question to the back room as to which is right and if I’m not allowed to not trade SOMPF at all then should they just be deemed worthless. SOMPF is what I received in my account so I don’t give a dam about SA1.
XXX XXX
Positions (My Investments)
Symbol
Qty
Price
Mkt Value
EQBM
1500000
0.0001 150.00
SOMPF#
30000 N/A 600.00
None
30000
N/A 0.00
Total Market Value: $750.00
Today's Change: $0.00
# Unable to accept sell orders for this security,
please contact your local branch office for more information.
Clearing Restrictions
Scottrade has set restrictions on the following securities due to clearing restrictions:
No Buy/Sell Only No Buy/No Sell
.AFPUN ADGSF#
.AIUN Bad Toys
.CEUUN BCIT#
.CRSUN BHUB#
.CVLUN CGAR#
.EPUN CITI#
.FCEUN DTSN#
.FYPUN GFTX#
.IPLUN LSMJ
.LPVUN MAMG
.MKZUN MLCO#
.MMNUN MODR
.PUB SAMCF#
.TAYUN SAMSF#
.TPLUN SDISF#
.TRFU SEFPP#
.TRFUN SSELY#
ATLJ SSEMF#
CBRP SSEMY#
CESV SSGFY#
CMKX* SSGQY#
COHG SSNGY#
CWIR SSNHY#
DALRQ SSNLF#
GBMS SSNNF#
GMZP TNABY#
GSFD UNRMY#
Hansen O WLRE
HPNN WWYWB
HVLN
ILGL
INOV#
IVCO
NCVT
NNCP
NWACQ
ORSTF
PAIMP
PHLC
PKTO
PMCL
PROEQ
RAEM
SIVC
SOMPF
TMMI
USCI
WHKA
From: lawrence skolnik [mailto:lehat2000@yahoo.com]
Sent: Monday, December 31, 2007 11:22 AM
To: Stuart Chase
Subject: RE: questions you might answer to clear things up
they are the same as sa1 only one kind
First Union Kreditanstalt S.A Zurich CH. B"H"
Toronto New York NORTH AMERICAN PHONE 416 410 3995
FAX 416 784 1529
Lawrence Uri Skolnik Principal
North American Office 4936 Yonge St. Suite 727
Toronto Ontario M2N6S3
providers of capital to public companies
TO LARRY: "I’m checking with Scottrade to see if I can get it declared a worthless stock (their suggestion not mine) to see if I can write SOMA off."
Yup, they can't both be right! I'll pass on what they tell me. Don't plan on selling even if I can - don't need $500.+ right now.
Here's why I thought otherwise:
Positions (My Investments)
Symbol
Qty
Price
Mkt Value
EQBM
1500000
0.0001 150.00
SOMPF#
30000 N/A 600.00
None
30000
N/A 0.00
Total Market Value: $750.00Today's Change: $0.00# Unable to accept sell orders for this security,
please contact your local branch office for more information.
Hmmm, I'll have to check that out on Monday.
Fine with me. I forgot, why can't I trade SOMA (SOMPF)in my Scottrade? I think it doesn't Settle or something. And as a US citizen, I think I'm stuck with it under that symbol. Larry said I could trade it with a "regular" broker. If he says so. 1. Which "regular" broker and 2. would the commission be more than the sale?
I keep wondering if the "Spam" the SEC had regarding EQBM was the unfounded (unfunded?) PRs and/or his communications via e-mails and phone calls that then got put on this message board. Not what a person normally thinks of Spam (faxes and e-mails sent unsolicited to my inbox), but Spam just the same?
And like I tried to articulate, and didn't do a very good job of, is I think Larry is stuck between a rock and a hard place. He can't put out financials on EQBM in which he addresses the Dalian and Red Lake deals because then the SEC would have all the proof they needed to arrest him.
What were your questions and answers Couch? Does he take out your original question when he answers like he does to my e-mails?
Check my posts between #38150 to #38155. He did answer me a couple of times, so he's still alive.
WTL, Have you tried to communicate with Larry of late?
I passed on Righy's idea along with my own comments on Monday. Alreadty posted this on EQBM board. Not very articulate, but I was pissed:
So the reason you can’t produce any substance in the form of a PR or a filing is because you haven’t been straight with us and the authorities will arrest you if you do? I highly doubt that you EVER be able to release the holdings & financials of EQBM & SOMA and get EQBM & SOMPF (or SA.1 for Germans) trading like normal stocks. What happened to Red Lake that you talked about in the radio interview? Does EQBM still have a share Dalian project.
As Righty says ....“Now larry, this is to be expected as it is somewhat difficult to confirm the existence of the property in question.
This is understandable given it's location.
I did notice in the latest press release, some different wording regarding the ownership/leased status of the property.
I believe after reviewing the data a simple error was made on the ownership element of the data.
It appears to be more likely the property was leased as there are terms etc in the release.
Heres my idea, if in fact the property is leased as I suspect, then why not post a verifiable lease contract for investors to review?
Imagine the confidence this would instill if investors could verify the lease!
Once having done that and announcing the completion of financing arrangements you can imagine the market would respond favorably!
Further to that, some kind of lab verification of tailings content would just about seal your position, and would combined with verifiable lease details, pretty much send you guys of to the races i would assume.”
But I bet you can’t do that because of all the promises you made to EQBM shareholders? And that’s where the SEC will get you? Is that why you can’t do a PR on EQBM?
From: lawrence skolnik [<a href="mailto:lehat2000@yahoo.com" target="_blank"mailto:lehat2000@yahoo.com</a]
Sent: Monday, December 10, 2007 8:29 PM
To: Stuart Chase
Subject: Re: questions you might answer to clear things up
regular broker will
First Union Kreditanstalt S.A Zurich CH. B"H"
Toronto New York NORTH AMERICAN PHONE 416 410 3995
FAX 416 784 1529
Lawrence Uri Skolnik Principal
North American Office 4936 Yonge St. Suite 727
Toronto Ontario M2N6S3
providers of capital to public companies
Artie, thanks,but that doesn't help. The same thing was promised to EQBM at one time, but then he did the dividend. Is Larry off the hook to EQBM by doing the dividend?
Soma Petroleum Limited, Equitable Mining Corp and partners finalize contract with Actel/Aikete, Ltd
TORONTO, Feb. 26 /PRNewswire-FirstCall/ - Soma Petroleum Limited (SOMA) - (Frankfurt Stock Exchange: symbol SA1), Equitable Mining Corp (EQUITABLE) (a resource company trading on Frankfurt Exchange: E5W and on PinkSheets.com: EQBM) and partners announce the finalization of the contract with Actel/Aikete, Ltd ('Actel/Aikete') with an initial cash down payment for the rights to holdings in all assets to include mine tailings, land, capital infrastructure including one production line in exchange for cash and securities.
Actel/Aikete will use the initial funds to acquire chemicals and manpower for the production lines. Also, funds have been allocated to continue the public relations campaign.
The chemicals purchased will utilize a unique methodology of extracting combined metal oxides through a combination of a proprietary bromine leach, resin in pulp, solvent semi-refining and precipitation has been implemented in a current production line with 4 tanks. The metals recovered are in an oxide form and easy to export to the refineries.
'The initial funds for the down payment secures and facilitates the allocation of key personnel resources for the production facility in Dalian, China and also the plan for the capability to increase production capacity very quickly with another production line,' said SOMA CEO Lawrence Skolnik.
About Soma Petroleum Limited
Soma Petroleum Limited (SOMA) is a Canadian registered corporation that has interests in oil and gas projects in the Horn of Africa and mine tailings project in Dalian, China. It has partnered with leading resources developers including Inter-Continental Petroleum Co. Ltd (ICPC), a China-based oil and gas exploration company. ICPC has an extensive international track record in oil and gas. www.somapetroleum.com
Information presented in this newsletter contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as 'projects', 'foresee', 'expects', 'will,' 'anticipates,' 'estimates,' 'believes,' 'understands' or that by statements indicating certain actions 'may,' 'could,' or 'might' occur.
SOURCE Soma Petroleum Limited
Source: PR Newswire (February 26, 2007 - 4:00 PM EST)
Artie, Righty, or whomever, I've been trying to get a little discussion on the assets of SOMA & EQBM. Since Dalian was suppose to be EQBM's deal, but became SOMAs (supposed) deal, is Larry off the hook for the promises he made EQBM shareholders by his doing the dividend thing?
It does say Soma and not EQBM, however this was suppose to be EQBM's deal at one time prior to the spin-off.
http://biz.yahoo.com/prnews/071122/to283.html?.v=58
Press Release Source: Soma Petroleum Limited
SOMA Petroleum Ltd and Actel/Aikete Limited announce joint venture agreement
Thursday November 22, 12:30 am ET
TORONTO, Nov. 22 /PRNewswire-FirstCall/ - SOMA Petroleum Ltd (Trading as SOMPF.PK, SA1.F, SA1.DE & SA1.BE ) executives are pleased to announce the completion of a joint venture agreement between Actel/Aikete Limited and First Union Kreditanstalt S.A according to Mrs. M. J. Majoie Hui, President of Actel/Aikete, Ltd.
ADVERTISEMENT
click here
"Our company, Actel/Aikete Limited, has been heavily investing in China, especially in a mining waste recycling facility in Dalian. The Dalian facility has a registered capital of US$10.7 million. The facilities comprehend 5.4 million tons of tailings, 11 accessory buildings, and a 40,000 square feet 100' tall factory; with all the necessary infrastructure, such as electricity, water, roads, dams, etc.
"The joint venture capital brought by SOMA will allow us to expand the facility and to install additional production lines. The principal production is precious metal oxides in semi-refined form, such as palladium, iridium, rhodium, etc....
"The contract was signed at the end of March and additional details for funding are being worked out at the present time. SOMA has made multiple transfers, to date, of their total contractually committed funding in excess of three million dollars (US)."
The due diligence has been completed by SOMA and the property has received Chinese Government environmental approvals. The property is currently owned by D.A.K., a privately owned Chinese resource corporation held by H.M.H. of Hong Kong. Once the agreements are finalized and executed, SOMA will own 49% of all operations and mineral rights upon completion of funding. Significant deposits of gold, platinum, palladium, rhodium and copper have been identified in the mine and mine tailings. Monthly revenues of $1.6 million and annual revenues of $19.2 million are projected within one year of closing.
The Dalian acquisition covers the mineral rights to 220,000 square meters of land leased from the government for 25 years with 15 years remaining, with right of renewal. The property includes 5.2 million tons of mine tailings plus infrastructure in place including roads, electricity, water, fencing, storm sewer, transportation and one operating production line. To date $7 million has been invested in the project by H.M.H. and D.A.K. Once the acquisition is complete SOMA plans to increase production to three lines, within the first year. The company will utilize D.A.K.'s environmentally friendly leaching process to extract the mineral deposits.
Safe Harbor
Certain statements above may constitute forward-looking statements. Such forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.
In additional news, Mr. Larry Skolnik, President of SOMA, is continuing to develop relationships with market makers in Europe to help create additional investor awareness of SOMA on the Frankfurt and Berlin Exchanges.
Borrowed some stuff from Righty in my reply:
So the reason you can’t produce any substance in the form of a PR or a filing is because you haven’t been straight with us and the authorities will arrest you if you do? I highly doubt that you EVER be able to release the holdings & financials of EQBM & SOMA and get EQBM & SOMPF (or SA.1 for Germans) trading like normal stocks. What happened to Red Lake that you talked about in the radio interview? Does EQBM still have a share Dalian project.
As Righty says ....“Now larry, this is to be expected as it is somewhat difficult to confirm the existence of the property in question.
This is understandable given it's location.
I did notice in the latest press release, some different wording regarding the ownership/leased status of the property.
I believe after reviewing the data a simple error was made on the ownership element of the data.
It appears to be more likely the property was leased as there are terms etc in the release.
Heres my idea, if in fact the property is leased as I suspect, then why not post a verifiable lease contract for investors to review?
Imagine the confidence this would instill if investors could verify the lease!
Once having done that and announcing the completion of financing arrangements you can imagine the market would respond favorably!
Further to that, some kind of lab verification of tailings content would just about seal your position, and would combined with verifiable lease details, pretty much send you guys of to the races i would assume.”
But I bet you can’t do that because of all the promises you made to EQBM shareholders? And that’s where the SEC will get you? Is that why you can’t do a PR on EQBM?
Dang, he's getting downright talkative:
regular broker will
First Union Kreditanstalt S.A Zurich CH. B"H"
Toronto New York NORTH AMERICAN PHONE 416 410 3995
FAX 416 784 1529
Lawrence Uri Skolnik Principal
North American Office 4936 Yonge St. Suite 727
Toronto Ontario M2N6S3
providers of capital to public companies
Here was my reply to him:
That doesn't help in the least. Scottrade will NOT let me sell SOMA and they are a pretty big company. Doesn't answer the questions I have at all.
His answer: the company has no debt except to directors so there will be no bankruptcy
people selling shares every where check with your broker
First Union Kreditanstalt S.A Zurich CH. B"H"
Toronto New York NORTH AMERICAN PHONE 416 410 3995
FAX 416 784 1529
Lawrence Uri Skolnik Principal
North American Office 4936 Yonge St. Suite 727
Toronto Ontario M2N6S3
providers of capital to public companies
--------------------------------------------------------------------------------
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Don't expect an answer anytime soon.
Hello,
Mr. Skolnik,
Still waiting to hear from you on the first 4 questions.
Still waiting for you do meet the normal needs of shareholders and the law. I guess #5 is moot as your SOMA shares are worthless in the U.S. as they are untradeable. You may notice the original date on the E-mail is 03/09/2007. It is true I might be able to sell my EQBM at $.0001 on the Grays. Why not just declare bankruptcy so we can write EQBM off on our taxes?
Stuart Chase
Still holding the bag for you with 1.5 Million shares of EQBM
----- Original Message -----
From: lawrence skolnik
To: Stuart Chase
Sent: Friday, March 09, 2007 6:56 AM
Subject: Re: questions you might answer to clear things up
waiting call back sec
First Union Kreditanstalt S.A Zurich CH. B"H"
Toronto New York NORTH AMERICAN PHONE 416 410 3995
FAX 416 784 1529
Lawrence Uri Skolnik Principal
North American Office 4936 Yonge St. Suite 727
Toronto Ontario M2N6S3
providers of capital to public companies
--------------------------------------------------------------------------------
Don't pick lemons.
See all the new 2007 cars at Yahoo! Autos.
Larry,
If you could address these issues in PRs it might help your credibility immensely. JMHO
Posted by: xgin
In reply to: None Date:3/9/2007 9:03:00 AM
Post #of 33406
Things I would like Larry to clear up (feel free to add to the list):
1. Who gets what in the Dalian deal
2. Where's our update on Red Lake?
3. Up to date quarterlies - O/S shares expenses and such
4. Ownership of claims in Somaliland.
5. ?
I guess #5 could be the spin-off shares in SOMA Petro. You've never said what symbol our shares would trade under, where they'd trade, or any explanation of why DTCC has a "chill" on them and what you're doing about it. Communication through e-mails really is not a very satisfactory way of releasing news, again in my humble opinion. This is a public company after all.
1.5 millions share in EQBM (a non-trading company),
Stuart Chase
Well, yeah, that's pretty much a givin, what I was trying to understand does this constitute (legally) fraud or is the shifting of who gets assets (LOL-what assets!) within the law? Considering the earlier PRs and all.
OK, am I the only one who doesn't understand where EQBM stands with all this? The Dalian deal was promised to EQBM shareholders then we were given SOMA shares that I can't trade and now it's it's SOMA's deal. Is Larry off the hook because he can say he gave us SOMA shares so he can say he didn't screw us over?
Probably needed money for Christmas. :~!
Besides not mentioning EQBM number 12 bothers me. How long will he string this out this time:
12 - Once the agreements are finalized and executed, SOMA will own 49% of all operations and mineral rights upon completion of funding.
Maybe he'll mention Eqbm tomorrow when our markets are open? Eqbm still has a stake in those holding ponds,right?
Nothing to talk about unless someone has something to say about legal redress.
10:20AM 10/31/2007 for my WAG.
To Larry on e-mail (of course I'll let us know if he responds).
Hello,
Is there any chance you can update us on the bankruptcy of EQBM? I have to assume that’s what’s happening as no financial statements have been filed and there have been no updates on Dalian, Red Lake, or anything else for that matter. After all, that’s why I put over 12k in your company.
Positions (My Investments)
Symbol
Qty
Price
Mkt Value
EQBM
1500000
0.0001 150.00
SOMPF#
30000 N/A 300.00
None
30000
N/A 0.00
Total Market Value: $450.00
Today's Change: $0.00
# Unable to accept sell orders for this security,
xxxx xxxx
I believe the problem would be that you have to sell it first to get the write-off. If we go bankrupt and are still holding I'm not sure what happens.
Ah, he's a humanitarian. If he said anything he would give us stockholders heart attacks so I'm sure he's only thinking of us by not saying anything. Such compassion! ;~(