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Sun Cal Energy Receives Schlumberger Analysis of SE Jonah ProspectLast update: 2/28/2008 9:00:16 AMReport Highlights: -- Estimated Ultimate Recoveries (EUR) range from 63 BCF to 1.28TCF at SE Jonah -- Good possibility of productive hydrocarbons being encountered in the prospect and the surrounding area -- Assist EnCana in promoting activity in the Teakettle Unit, and thus possibly secure a substantially larger position in the area SAN FRANCISCO, Feb 28, 2008 (BUSINESS WIRE) -- Sun Cal Energy Inc. (SCEY), an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River Basin of Wyoming, is pleased to announce the completion of the SE Jonah Prospect reserve analysis and drilling program by Schlumberger Data and Consulting Services, an industry-leading oilfield service provider. Schlumberger was contracted to evaluate Sun Cal's SE Jonah Prospect which covers 2,478 acres in Sublette County, Wyoming. The evaluation includes: a review of existing seismic data over the prospect for recommendations on possible purchases and prospect feasibility; a data audit of available public data; an evaluation of nearby industry activity; a review of production from surrounding fields to determine potential production rates; original gas-in-place (OGIP) and estimated ultimate recoveries (EUR); and an assessment of possible drilling location based on geological, geophysical and engineering data. The evaluation also includes recommendations for additional data purchase and acquisition, including seismic. According to the completed evaluation of the SE Jonah Prospect by Schlumberger, which was based on available geological, petrophysical, and reservoir engineering data, Schlumberger quotes a base EUR estimate of 292.4 Billion standard cubic feet (Bscf) and a high side EUR potential of 1,280.8 Bscf of natural gas on the prospect. The report noted that from well data an apparent SW-NE trending anticlinal nose trends through the middle of the Teakettle unit at the top of the Fort Union Coal Zone and Lance Formations, and that this feature is noted to be most prominent in the Sublette Flat #1 well and Sagebrush Federal #3-8 well; both located within the northeastern part of the unit and on Sun Cal's acreage. Seismic data is recommended to better delineate the anticlinal nose. The report also states that the primary reservoir interval, the Lance Formation, exceeds 1,000 feet in Sun Cal's SE Jonah Prospect and that a similar fluvial environment of channel sandstones with interbedded floodplain shales, which occurs at Jonah Field, is expected in the prospect. Based on the results of the evaluation, Schlumberger asserted a "good possibility of productive hydrocarbons being encountered in the prospect and the surrounding area," and has recommended the acquisition of additional seismic data over the prospect to allow for greater subsurface control and better positioning of drilling locations. Lewis Dillman, CEO of Sun Cal Energy, commented on the results of the evaluation, stating: "We are extremely pleased with the results of the Schlumberger evaluation. The potential reserve estimations have now increased to a potential 1.28TCF, which is a significant increase from the previously prepared independent report. We view this even more positively than we had initially hoped, and we are very excited to continue our progress towards the development of the SE Jonah Prospect." The OGIP and EUR on a "per well basis" were also calculated for the prospect and included low, base and high cases (P10, P50, P90) by varying the net sand thickness and recovery factor. As stated by Schlumberger, the values used for the recovery factor were conservative as gas reservoirs with no or low liquid production can commonly have recovery factors in excess of 80%. An excerpt from the report on a "per well basis" is as follows:
Case Net Sand ft Drainage OGIP Recovery EUR MMscf acres MMscf Factor----------------------------------------------------------------------Low - 20 acre 560 20 949 42% 399----------------------------------------------------------------------Base - 20 acre 1,000 20 3,572 57% 2,036----------------------------------------------------------------------High - 20 acre 1,720 20 12,912 70% 9,038----------------------------------------------------------------------"These results validate the potential the SE Jonah Prospect represents to our shareholders," stated Lewis Dillman. "We expect to continue to undertake tangible steps to develop this prospect, and in particular explore opportunities to enter into strategic partnerships with key major producers in the area. Furthermore, these results add momentum to our desire to develop the West Jonah prospect nearby and seek additional acreage in the area that would provide our shareholders greater exposure to one of North America's fastest growing natural gas fields." About the Jonah Prospect The Jonah Field and the Pinedale Anticline are acknowledged as the premier gas fields in the Rocky Mountains. These fields are located in Wyoming's Greater Green River Basin. According to the Wyoming State Geological Survey, the Greater Green River Basin contains approximately 26 TCF of natural gas which is the largest reserve in the State. The Jonah Field is estimated to contain 7 to 10 TCF of Natural Gas, which currently produces from more than 500 wells. Sun Cal Energy Inc. has a 100% working interest in 6,000 acres of leases in the Jonah Field region of Wyoming - the second largest proven gas reserve in the United States. Sun Cal's Prospects are identified as South Jonah, which consists of 2,477.68 acres and West Jonah, consisting of 3,546.89 acres. Most of the surrounding acreage is currently held by EnCana and Yates Petroleum, with BP and Chevron/Texaco also holding significant positions. About Schlumberger Schlumberger Limited (SLB) is the world's leading oilfield services company supplying technology, information solutions and integrated project management that optimize reservoir performance for customers working in the oil and gas industry. Founded in 1926, today the company employs more than 80,000 people of over 140 nationalities working in approximately 80 countries. Further Information Shareholders and prospective investors are encouraged to visit Sun Cal Energy's website: and download Sun Cal Energy's Investor Summary. Please feel free to call investor relations toll-free at 1-800-798-8334 to receive a full corporate investor's package. About Sun Cal Energy Inc. Sun Cal Energy Inc. is a publicly traded independent oil and gas exploration company with headquarters in Calgary, Alberta, and an operational office in San Francisco, California. Sun Cal Energy aims to secure and develop a portfolio of oil and gas properties throughout America. The company is strategically placed in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana, and the Green River Basin of Wyoming. Sun Cal Energy Inc. trades under the ticker symbol: SCEY - "Sun Cal Energy Inc. - Providing Energy Solutions to America." On behalf of the Board Lewis Dillman, President and CEO Forward-Looking Statements Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to: that the potential reserve estimations have now increased to a potential 1.28TCF, which is a significant increase from the previously prepared independent report; that we view this even more positively than we had initially hoped; that we intend to continue our progress towards the development of the SE Jonah Prospect; that estimated ultimate recoveries range from 63 BCF to 1.28 CF at SE Jonah, that there is an estimate of 292.4 billion Bscf and a high side estimated potential of 1,280.8 Bscf of natural gas on the prospect, that there is a good possibility of productive hydrocarbons being encountered in the prospect and the surrounding areas, that the results validate the potential the SE Jonah prospect represents to the Company's shareholders; and that we expect to undertake tangible steps to develop this prospect, and in particular look to acquire an engineering evaluation and to explore opportunities to enter into strategic partnerships with key major producers in the area. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas resources, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission. Cautionary Note to U.S. Investors The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this news release, such as "prospective resources", "stock tank oil initially in place", "STOIIP", "likely recovery factors", "recovery factor" "prospective reserves", "prospective resource", "risk", "likely reservoir", "recoverable oil", "possible resource", "potential reserve" and "recoverable reserve potential that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure in our annual report on Form 10-KSB and quarterly reports on Form 10-QSB available from us or the SEC." This release contains information about adjacent properties on which we have no right to explore. We advise U.S. investors that the United States Securities and Exchange Commission's oil and gas guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that oil and gas deposits on adjacent properties are not indicative of oil and gas deposits on our properties. SOURCE: Sun Cal Energy Inc.
Sun Cal Energy Inc.Lewis Dillman, CEOInvestor Relations1-800-798-8334ir@suncaloil.comCopyright Business Wire 2008 Copyright © 2008 MarketWatch, Inc. All rights reserved. Please see our Terms of Use.
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SCEY chart heating up again ... maybe this time they'll be a little more clear on what is actually happening in their drilling efforts.
glta
Large buy at Market about 2:00PM /e
PSPJ shell play waking up /e
SCEY elliot wave corrected math FYI...
W1 of larger degree
w1 (actual)
$0.365 to
$0.84
Distance travelled $0.475
w2 (actual)
$0.84 down (.382 correction predicts $0.658)
$0.66 actual
w3 (actual)
$0.66 up 1.681 x w1 predicts $1.43 (actual = $1.48)
w4 (actual)
$1.48 (.382 x w3 predicts...$1.16)
$1.13 actual
w5 (predicts)
$1.13 (actual) w5=w1 predicts: $1.61
$1.61 prediction
This is all based on pure math. PR's not withstanding. w5 could "truncate" (ie: not break w4 high of 1.48) and not reach prediction before larger correction of entire W1 move.
SCEY bounce in progress
My fibs say after yesterday's impulse "3" that the W4 bottom is $1.13 Hit it bang on this am.
I'm looking for $1.61 to finish a W5 before another larger degree W2 correction.
all...imho and personally computed elliot math.
A
200dma is $1.60 as the next breakout pt.
Amazing what a little cash flow will do to a spec stock.../e
link?
SCEY - macd and aroon suggest this still has a long way to go /e
Fairly amazing
that this stock has had 300% move off it's low a few weeks ago and there is no one here...
SCEY still flying...$1.08 x $1.09 /e
SCEY $1.00 barrier break /e
200dma = $1.61
The next target...imo
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26325534
SCEY big move continues
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26326318
50 dma break
Sorry...wrong board /e
Nice 50dma break:
Daily List Search
OTC BULLETIN BOARD (OTCBB) SYSTEM CHANGES
SYMBOL CHANGES
DL DATE DATE OLD SYMBOL NEW SYMBOL/NAME
12/4/2007 12/5/2007 PSPJE PSPJ PSPP Holdings, Inc. New Common Stock
10QSB
http://www.nasdaq.com/asp/quotes_sec.asp?mode=&kind=&symbol=AVBC&symbol=&symbol=PSPJE&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=&mkttype=&pathname=&page=filings&selected=PSPJE
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
FORM 10-QSB
For the quarterly period ended September 30, 2007
Commission file number: 000-24723
PSPP HOLDINGS, INC.,
(Exact name of small business issuer as specified in its charter)
Nevada
88-0393257
(State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.)
3435 Ocean Park Blvd. #107, Santa Monica, CA 90405
(Address Of Principal Executive Offices)
(310)-207-9745
Issuer's telephone number
(Former name, former address and former fiscal year, if changed since last report)
Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X ] No [ ]
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Check whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under plan confirmed by a court. Yes ____ No ____
APPLICABLE ONLY TO CORPORATE ISSUERS
The aggregate number of shares issued and outstanding of the issuer's common stock as of September 30, 2007 was: 64,499,364shares
Transitional Small Business Disclosure Format (Check one):
Yes [ ] No [X]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes [ ] No [X]
PSPP HOLDINGS, INC
FORM 10-QSB
September 30, 2007
INDEX
PART I
Item 1.
Financial Statements
4
Item 2.
Management's Discussion and Analysis of
Financial Condition and Results of Operations
11
PART II
Item 1.
Legal Proceedings
14
Item 2.
Changes in Securities and Use of Proceeds
14
Item 5.
Other Information
14
Item 6.
Exhibits and Reports on Form 8-K
14
Signatures
14
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
PSPP HOLDINGS, INC.
BALANCE SHEET
September 30, 2007
September 30, 2007
Assets
Current Assets
Cash
$
55
Accounts Receivable
0
Other Current Assets
Loan receivable
0
TOTAL ASSETS
55
Liabilities
Accts Payable & Accrued Expenses
246,120
Loans Payable
777,557
TOTAL LIABILITIES
1,023,677
Stockholders Equity
Preferred Stock $.001 Par Value
10,000,000 Shares Authorized
1,000,000 Shares I/O
300,000
Common Stock $.001 Par Value
100,000,000 Shares Authorized
64,499
64,499,364 shares issued and outstanding
Paid in Capital
4,895,873
Accumulated Deficit
(5,970,994)
Less Investments In:
Oxford Knights Intl
(300,000)
Dream Investments TV
(58,000)
eSafe, Inc.
Invest, Inc.
45,000
TOTAL STOCKHOLDERS EQUITY
(1,023,622)
TOTAL LIABILITIES AND
STOCKHOLDERS EQUITY
$
55
See accompanying notes to interim condensed financial statements.
4
PSPP HOLDINGS, INC.
STATEMENT OF OPERATIONS
Sept 30,
Sept 30,
2007
2006
Ordinary Income/Expense
Income
Card Purchases
0
0
EPay
0
0
Forgiveness Debt
0
0
Total Income
0
240
Cost of Goods Sold
Hardware Purchases
0
0
Total COGS
0
0
Gross Profit
0
240
Expense
Consulting
22,000
95,040
Interest
23,346
Professional Fees
18,500
64,891
Salary
4,305
14,500
Office and General
7,092
69,566
Total Expense
51,897
267,438
Net Ordinary Income
(51,897)
(267,103)
Other Income/Expense
Other Income
Other Income
0
0
Total Other Income
0
0
Net Other Income
0
0
Net Income
(51,897)
(267,103)
Accumulated Deficiency
Beginning Period
(5,919,097)
(4,933,399)
End Period
(5,970,994)
(5,200,502)
Basic and Diluted Income (Loss)
per Common share
0
0
Weighted Average shares outstanding
64,499,364
55,499,364
See accompanying notes to interim condensed financial statements.
5
PSPP HOLDINGS, INC.
STATEMENT OF CASH FLOWS
Sept 30,
Sept 30,
2007
2006
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)
(51,897)
(267,103)
Adjustments to reconcile Net Income
to net cash provided by operations:
Accounts Payable
0
143,248
Loans Payable
0
0
Net cash provided by Operating Activities
(51,897)
(123,248)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition
(316,826)
Additional Paid In Capital
338,600
Investment
0
45,000
Net cash provided by Investing Activities
0
66,774
CASH FLOWS FROM FINANCING ACTIVITIES
Loans
51,952
154,829
Net cash provided by Financing Activities
51,952
154,829
Net cash increase for period
55
97,748
Cash at beginning of period
0
12,160
Cash at end of period
55
109,908
See accompanying notes to interim condensed financial statements.
6
PSPP HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2007
NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION
In July of 2002 the Company changed its name from Urbana.ca, Inc. to Pitts & Spitts, Inc. On April 11, 2003 the Company changed its name to PSPP Holdings, Inc.
Urbana.ca, Inc. ("the Company") was organized on February 23, 1993 under the laws of the State of Delaware and October 30, 1997, changed its jurisdiction of incorporation to Nevada. On April 15, 1999 a wholly-owned subsidiary, U.R.B.A. Holdings, Inc. ("URBA") was incorporated under the laws of British Columbia to facilitate acquisitions in Canada.
During January, 2000, URBA, 100% of the outstanding shares of Urbana.ca Enterprises Corp. ("Urbana.ca Enterprises"), E-Bill Direct Inc. ("E-Bill"), and Enersphere.com, Inc. ("Enersphere"), which are in the business of developing and marketing Internet-based products and services through the licensing of LocalNet portals and distribution of set-top boxes. Effective March 10, 2000, Urbana.ca Enterprises, Enersphere and E-Bill were amalgamated under the statutory laws of the Province of Ontario into a new company named Urbana Enterprises Corp. (Urbana Enterprises").
In March 2002, Urbana Enterprises, a subsidiary of Urbana.ca, Inc., filed for bankruptcy under Chapter 7. Its operations are terminated and it's remaining assets and liabilities are controlled by a trustee.
The Corporation's subsidiary filed bankruptcy in March 2002 and the Corporation had no operations. As a result of the bankruptcy $ 3,357,861 of debt was relieved and the subsidiary was dissolved. The Corporation entered into an Exchange Agreement with Oxford Knight International, Inc. in October 2002 whereby the Corporation agreed to issue 1,970,000 shares of common stock to Oxford Knight International in consideration for 100% of the issued and outstanding shares of common stock of Fabricating Solutions, Inc., a Texas corporation, and Pitts and Spitts, Inc., a Texas corporation. Pitts and Spitts, Inc., Inc. and Fabricating Solutions, Inc. were engaged in the sale of barbeque pits and fabricating solutions, respectively. The Exchange Agreement was subject to the approval of the Oxford shareholders. In July 2002, the Corporation changed its name to Pitts and Spitts, Inc.
In December 2005 the company acquired all the shares of Dream Apartments TV for $58,100.00. Dream Apartments has not launched its programming to date and still intends to produce DVD's for apartment house applicants in the San Diego area initially and regionally in Southern California when fully developed. The Company has made arrangements with Maximum Impact productions of Carlsbad, California for the DVD sales and distribution.
7
In 2005 there was a reverse split of the Company's stock. A 1 for 100 share reverse split of the outstanding shares of stock of 61,761,530 shares resulted in 30,608,428 shares outstanding (30,000,000 shares were non-dilutable).
In the first quarter, 2006, $1,072,066 in debt was forgiven reducing the Company's liabilities.
On April 10, 2006, PSPP Holdings, Inc. acquired 100% of eSafe Cards, Inc., a debit card issuer. The company issued 22,890,936 shares of common stock to UCHUB as part of the purchase price and agreed to fund $200,000.00 (Two Hundred Thousand Dollars) of working capital to eSafe. eSafe's web site is Eluxe Financial.com.
Revenues of the Company (through the acquisition of its wholly owned subsidiary eSafe, Inc) began in the 4 th quarter of 2006 subsequent to the acquisition of eSafe, Inc. The Company filed an 8-k report regarding the details of the acquisition.
As of November 16th, 2007 the Company rescinded the acquisition of eSafe, Inc. and has returned 100% of eSafe to UCHUB Group, Inc.
Basis of Presentation
These financial statements are expressed in US dollars and have been prepared in accordance with accounting principles generally accepted in the United States.
Use of Estimates and Assumptions
Preparation of the Company's financial statements in conformity with generally accepted accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
Goodwill
The company records goodwill at cost less accumulated amortization taken on a straight-line basis over five years. Management reviews the value of goodwill regularly to determine if impairment has occurred.
Furniture and Equipment
Furniture and equipment are recorded at cost. Depreciation is calculated by using the straight-line method for financial reporting and accelerated methods for income tax purposes. The useful life of the assets range from 24 to 60 months.
8
Financial Instruments
The fair value of the Company's financial assets and financial liabilities approximate their carrying values due to the immediate or short-term maturity of these financial instruments.
Net Loss per Common Share
Basic loss per share includes no dilution and is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive earnings per share reflect the potential dilution of securities that could share in the earnings of the Company. The accompanying presentation s only of basic loss per share as the potentially dilutive factors are anti-dilutive to basic loss per share.
Stock-based Compensation
The Company accounts for stock-based compensation using the intrinsic value based method in accordance with Accounting Principles Board Opinion No. 25, Accounting for Stock Issued to Employees ("APB No. 25"). APB No. 25 requires that compensation cost be recorded for the excess, if any, of the quoted market price of the common stock over the exercise price at the date the options are granted. In addition, as required by SFAS No. 123, the company provides pro-forma disclosure of the impact of applying the fair value method of SFAS No. 123.
Recent accounting pronouncements
The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company's results of operations, financial position or cash flow.
NOTE 2 - FINANCIAL CONDITION AND GOING CONCERN
For the three months ended September 30, 2007, the Company had no revenues as it rescinded its acquisition of its former subsidiary, eSafe, Inc. The former revenues were from fees associated with its debit card processing.
Because of these recurring losses, the Company will require additional working capital to develop and/or renew its business operations.
These conditions raise substantial doubt about the Company's ability to continue as a going concern. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
9
NOTE 3 - ACQUISITIONS
As of year end December 2006 the company acquired all the shares of Dream Apartments TV for $58,100.00. However there is no assurance at the three months ended September 30, 2007 that any revenues or other operations or benefits will result from the acquisition.
On April 10, 2006, PSPP Holdings, Inc. acquired 100% of ESafe, Inc., a debit card issuer. The company issued 22,890,936 shares of common stock to UCHUB as part of the purchase price and agreed to fund $200,000.00 (Two Hundred Thousand Dollars) of working capital to ESafe. On November 16, 2007 the Company rescinded the acquisition of eSafe, Inc.
NOTE 4 - LOANS PAYABLE
At the three months ended September 30, 2007 the Company had loans payable of $777,557.
NOTE 5 - CAPITAL STOCK
No shares were issued during the three months ended September 30, 2007.
NOTE 6 - INCOME TAXES
The Company has net operating loss carry-forwards which, result in deferred tax assets. These loss carry forwards will expire; if not utilized, commencing in 2005. The realization of the benefits from these deferred tax assets appears uncertain due to the Company's limited operating history and continuing losses. Accordingly, a full-deferred tax asset valuation allowance has been provided and no deferred tax asset benefit has been recorded.
NOTE 7 - OPERATIONS
DREAM APRTMENTS TV
In 2005 the company acquired all the shares of Dream Apartments TV for $58,100.00. However there is no assurance at the three months ended September 30, 2007 that any revenues or other operations or benefits will result from the acquisition.
ESAFE CARDS, INC.
On November 16, 2007 the Company rescinded the acquisition of eSafe, Inc.
On April 10, 2006, PSPP Holdings, Inc. acquired 100% of ESafe, Inc., a debit card issuer. The company issued 22,890,936 shares of common stock to UCHUB as part of the purchase price and agreed to fund $200,000.00 (Two Hundred Thousand Dollars) of working capital to Esafe. Esafe’s web site is Eluxe Financial.com.
10
eSafe Cards, Inc. has a transaction-based platform that provides credit and debit card processing services to merchants. The associated application delivers specialized processing services related to the creation, delivery, processing and servicing of payroll cards as well as gift cards.
NOTE 8 - SUBSEQUENT EVENTS
The Company is currently seeking an acquisition of a private company. Currently it is in no negotiations with any specific Company.
Item 8. Changes In And Disagreements With Accountants On Accounting And Financial Disclosures.
None. Management has used the accounting firm of Lawrence Sharfman & Co., CPA P.C. There have been no changes in accountants or disagreements with accountants on accounting principles or practices, financial statement disclosure, or auditing scope or procedures.
Item 8A. Controls and Procedures.
(a)
As of the end of the period covered by this report, the Chief Executive Officer and the Chief Financial Officer made an evaluation of the company's disclosure controls and procedures (as defined in ss.240.13a-15(e) or 240.15d-15(e) of the Securities Exchange Act). Based on the evaluation of these controls and procedures required by paragraph (b) of Rule 13a-15 or 15d-15 under the Exchange Act, in his opinion, the disclosure controls and procedures are effective.
(b)
During the most recent fiscal year, there have not been any significant changes in our internal controls over financial reporting or in other factors that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Overview
In December 2005 the company acquired all the shares of Dream Apartments TV for $58,100.00. Dream Apartments has not launched its programming to date and still intends to produce DVD's for apartment house applicants in the San Diego area initially and regionally in Southern California when fully developed. The Company has made arrangements with Maximum Impact Productions of Carlsbad, California for the DVD sales and distribution.
11
As of the three months ended September 30, 2007 there has been no further developments relating to the investment in the acquisition of Dream Apartments TV and there is no assurance that there will be any further developments.
On April 10, 2006, PSPP Holdings, Inc. acquired 100% of Esafe, Inc., a debit card issuer. The company issued 22,890,936 shares of common stock to UCHUB as part of the purchase price and agreed to fund $200,000.00 (Two Hundred Thousand Dollars) of working capital to Esafe. eSafe, Inc. is currently planning to repurchase the stock issued to UC Hub group, Inc. with cash and a note.
On November 16, 2007 the Company rescinded the acquisition of eSafe, inc.
We may utilize our capital stock, debt or a combination of capital stock and debt, in order to generate capital for our business model. The issuance of additional shares of our capital stock:
*
may significantly reduce the equity interest of our stockholders;
*
will possibly cause a change in control if a substantial number of our shares of capital stock are issued,; and
*
may adversely affect the prevailing market price for our Common Stock once the Company commences trading.
Similarly, if we issued debt securities, it could result in:
*
acceleration of our obligations to repay the indebtedness even if we have made all principal and interest payments when due if the debt security contained covenants that required the maintenance of certain financial ratios or reserves and any such covenants were breached without a waiver or renegotiations of such covenants;
*
our immediate payment of all principal and accrued interest, if any, if the debt security was payable on demand; and
*
our inability to obtain additional financing, if necessary, if the debt security contained covenants restricting our ability to obtain additional financing while such security was outstanding.
Liquidity and Capital Resources
As of the three months ended September 30, 2007, PSPP had total assets of $55.
Current liabilities totaled $1,023,622 which consists of loans payable, convertible debt, and accrued expenses
12
The Company issued 22,890,936 shares of common stock to UC HUB GROUP, INC as part of the purchase price of eSafe, Inc. and agreed to fund $200,000.00 (Two Hundred Thousand Dollars) of working capital to eSafe. The Company has no current plan in place to raise additional capital. The Company may sell additional stock, arrange debt financing or seek other avenues of raising capital.
On November 16, 2007 the Company rescinded the acquisition of eSafe, Inc.
There are no limitations in our certificate of incorporation on our ability to borrow funds or raise funds through the issuance of restricted Common Stock. Our limited resources and lack of having a significant cash-generating business operation may make it difficult to borrow funds or raise capital. Our inability to borrow funds or raise funds through the issuance of restricted capital stock required for expansion of our business model may have a material adverse effect on our financial Condition. To the extent that debt financing ultimately proves to be available, any borrowing will subject us to various risks traditionally associated with indebtedness, including the risks of interest rate fluctuations and insufficiency of cash flow to pay principal and interest, including debt.
PART II - OTHER INFORMATION
ITEM 1: Legal Proceedings
None.
Item 2. Changes in Securities and Use of Proceeds
NONE.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
There were no matters submitted to a vote of the security holders during the
quarter.
Item 5. Other Information
None.
13
Item 6. EXHIBITS AND REPORTS ON FORM 8-K
a) Exhibits
None
b) Reports on Form 8-K
8-k
Files 10-5-2007
8-k
Filed 11-26-2007
8-k/A
Filed 11-29-2007
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
September 30, 2007
PSPP HOLDINGS, INC.
By: /s/ KYLE GOTSHALK
Name: KYLE GOTSHALK
Title: Chief Executive Officer
By: /s/ CHERISH ADAMS
Name: CHERISH ADAMS
Title: Chief Financial Officer
14
Exhibit 31.1
CERTIFICATION
I, Kyle Gotshalk, certify that:
1. I have reviewed this Quarterly report on Form 10-QSB of PSPP Holdings, Inc.
2. Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.
4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in exchange act rules 13a-15(e) and 15d- 15(f)) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this annual report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: Novemberr 30, 2007
/s/ Kyle Gotshalk
Kyle Gotshalk,
Chief Executive Officer (or equivalent thereof)
Exhibit 31.1
CERTIFICATION
I, Cherish Adams, certify that:
1. I have reviewed this Quarterly report on Form 10-QSB of PSPP Holdings, Inc.
2. Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.
4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in exchange act rules 13a-15(e) and 15d- 15(f)) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this annual report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: November 30, 2007
/s/ Cherish Adams
Cherish Adams,
Chief Financial Officer (or equivalent thereof)
Exhibit 32.1
CERTIFICATION PURSUANT TO
18 U.S.C. ss. 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly report of PSPP Holdings, Inc. on Form 10-QSB, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Kyle Gotshalk, Chief Executive Officer (or equivalent thereof) and Chief Financial Officer (or equivalent thereof) of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002, that, to the best of my knowledge and belief:
1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) the information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.
/s/ Kyle Gotshalk
Kyle Gotshalk
Chief Executive Officer (or equivalent thereof)
November 30, 2007
Exhibit 32.1
CERTIFICATION PURSUANT TO
18 U.S.C. ss. 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly report of PSPP Holdings, Inc. on Form 10-QSB, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Cherish Adams, Chief Executive Officer (or equivalent thereof) and Chief Financial Officer (or equivalent thereof) of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002, that, to the best of my knowledge and belief:
1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) the information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.
/s/ Cherish Adams
Cherish Adams
Chief Financial Officer (or equivalent thereof)
November 30, 2007
distribution slowing...
note AROON down vol.
S&P picks up coverage SCEY
Standard & Poor's Initiates Factual Stock Report Coverage on Sun Cal Energy Inc.Last update: 11/8/2007 10:20:01 AMNEW YORK, Nov 08, 2007 (BUSINESS WIRE) -- Standard & Poor's announced today that it has commenced Factual Stock Report coverage on Sun Cal Energy Inc. Sun Cal Energy, Inc. (SCEY), in the exploration stage as of June 30, 2007, engages in the exploration and development of oil and gas properties. Headquartered in Calgary, Alberta, Canada, the company is focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River Basin of Wyoming. Sun Cal Energy holds a 1.5% overriding royalty interest in the Hobart Lease covering an area of approximately 1,211.44 acres situated in the city of Hobart, Oklahoma; a 45% working interest and a 75% net revenue interest in the Lokern Prospect comprising 400 acres located in Kern County, California; and a 5% working interest in the Britlind Prospect and leases covering 9,440 acres located in the Breton Sound area, offshore Louisiana. The company also owns a 5% overriding royalty interest in the Centurion Property consisting of more than 17,000 acres of producing oil and gas assets in Texas, Oklahoma, Alabama, Louisiana, and Mississippi; and has a 100% working interest in the Jonah Prospects covering 6,000 acres of leases located in the Jonah Field region of Wyoming. In April 2007, the operator on the Hobart Lease, Marathon Oil, spudded and began drilling a deep development gas well, the Sturgeon 1-11, on the lease. The well reached a final depth of nearly 20,000 feet in May 2007. In September 2007, a second deep development gas well, Cunningham 1-2, was spudded and drilling activities commenced. In late August 2007, Range Production Co. filed for a third well to be drilled on the company's Hobart Prospect in Oklahoma. Range Production Co. is seeking to establish a 640-acre drilling and spacing unit for the third scheduled well to be drilled in the Hobart Prospect. This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. About Standard & Poor's Factual Stock Reports This Standard & Poor's service provides factual research coverage enabling information about Sun Cal Energy Inc and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company's fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks. Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account. Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage. About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit . SOURCE: Standard & Poor's
Sun Cal Energy Inc.George Drazenovic, 403-538-4772gdrazeno@yahoo.comorStandard & Poor'sCustomer Contact:Richard Albanese, 212-438-3647richard_albanese@standardandpoors.comorMedia Relations:Michael Privitera, 212-438-6679michael_privitera@standardandpoors.comCopyright Business Wire 2007 Copyright © 2007 MarketWatch, Inc. All rights reserved. Please see our Terms of Use.
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E. Bell Rd in PHX...
is the road that runs east/west and through Peoria, AZ (north Phoenix). The Mariners/Padres baseball teams spring training site is on Bell Rd. at the Peoria sports complex.
FYI
A
More news:
Sun Cal Energy Inc. Announces Drilling Update on a Second Deep Development Well on Its Hobart Prospect in Washita, County, OklahomaLast update: 10/24/2007 9:00:16 AMSAN FRANCISCO, Oct 24, 2007 (BUSINESS WIRE) -- Sun Cal Energy Inc. (SCEY), an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and Green River Basin of Wyoming is pleased to announce that drilling on the Cunningham 1-02 well has reached a depth in excess of 14,000 feet. With a target depth of 20,500 feet, the well builds on the successful drilling and commercial results of 1st deep development well, Sturgeon 1-11, also drilled by the same operator and located within the Hobart Prospect. The current flow rates from the Sturgeon 1-11 well are currently in excess of 3.3 mmcfd, and are expected to increase once the second and third pay zones are commingled and put into production. Drilling on the Cunningham 1-02 well follows on the successful commercialization of the Sturgeon 1-11 well and the recent application by Range Resources for a third well, all located within the Hobart Prospect. Commenting on these developments, Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy Inc., states: "We are encouraged that the operator has made significant progress on the Cunningham 1-02 well. If the well is commercially successful, we will continue to add to our cash flow beyond those already generated by our Centurion Property and Sturgeon 1-11 well." Sun Cal Energy Inc. owns a 1.5% gross overriding royalty interest in the 1211 acre Hobart prospect strategically located in the Anadarko Basin and part of the Springer Morrow play -- the largest such play in the State and Mid-Continent. Key players running rigs in the immediate area include Marathon Oil, Chesapeake Energy, and Range Resources. "The testing and subsequent success on the initial development well, subsequent drilling on the second deep development well and application for a third well suggests that our strategy of acquiring properties with minimal cost and significant potential is beginning to pay off. We look forward to receiving further results on our wells within the Hobart Prospect," stated Lewis Dillman. "Sun Cal will continue to explore opportunities to partner with major industry leaders and develop drilling programs for its portfolio of oil and gas assets in California, Louisiana and Wyoming." Further Information Shareholders and prospective investors are encouraged to visit Sun Cal Energy's website: and download Sun Cal Energy's Investor Summary. Please feel free to call investor relations toll-free at 1-800-798-8334 to receive a full corporate investor's package. About Sun Cal Energy Inc. Sun Cal Energy Inc. is a publicly traded independent oil and gas exploration company with headquarters in Calgary, Alberta, and an operational office in San Francisco, California. Sun Cal Energy aims to secure and develop a portfolio of oil and gas properties throughout America. The company is strategically placed in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and Green River Basin in Wyoming. Sun Cal Energy Inc. trades under the ticker symbol: SCEY -- "Sun Cal Energy Inc. -- Providing Energy Solutions to America".
No agenda...
just leaving town.
More later...no response necessary.
The form 4's a reminder
Real Estate » REIT - Diversified
Cal-Bay International Inc (CBAY.PK) Email this page »
52 Weeks 13 Weeks 4 Weeks
Last 52 Wks: 21-Oct-06 - 19-Oct-07
$276.30K Buy: 1
Sell: 0 $276.30K
($0) $0.00 - $0.00
--
Previous 52 Wks: 22-Oct-05 - 20-Oct-06
$0 Buy: 0
Sell: 0 $0
($0) --
--
Change
$276.30K Buy: +1
Sell: 0 $276.30K
$0
Title Last 52 Wks Prev 52 Wks Change
C-Level Officers 1
$276.30K $0 $276.30K
Cal-Bay International Inc
President & CEO $276.30K $0 $276.30K
Last 100 Transactions
Quick Search: Open Market Purchases » C-Level Purchases » More Options »
SEC Filing Insider Track Record Trade Date Transaction Total % Holdings Return
24-Sep-07 7:36 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 24-Sep-07 Market Purchase
(700,000,000 @ $0.00) $210,000.01 58% --
21-Sep-07 5:03 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 21-Sep-07 Market Purchase
(503,000,000 @ $0.00) $50,300.00 72% --
21-Sep-07 5:01 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 20-Sep-07 Purchase
(500,000,000 @ $0.00) $50,000.00 254% --
19-Sep-07 8:55 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 19-Sep-07 Market Purchase
(60,000,000 @ $0.00) $6,000.00 44% --
18-Sep-07 5:16 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 18-Sep-07 Market Purchase
(100,000,000 @ $0.00) $10,000.00 270% --
06-Sep-07 1:30 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 05-Sep-07 Purchase
(37,000,000 @ $0.00) $3,700.00 100%
NEWS
Sun Cal Energy, Inc. Announces Additional Wells and Cash Flows from Its Centurion PropertyLast update: 10/19/2007 10:26:04 AMSAN FRANCISCO, Oct 19, 2007 (BUSINESS WIRE) -- Sun Cal Energy Inc. (SCEY), an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River Basin of Wyoming, is pleased to announce that 7 new wells have been added to its Centurion Property which has resulted in a 12% increase in cash flow. With a 5% Overriding Royalty Interest, the Centurion Property combines more than 17,000 acres of producing oil and gas assets across Texas, Oklahoma, Alabama, Louisiana and Mississippi. There are 160 producing wells on the asset with more than 50 additional proven/undeveloped drilling sites. Current production is comprised of 90% natural gas and 10% oil. Well operators include companies such as Exxon, Kerr-McGee, Hunt Oil, Quicksilver and Vintex. The addition of 7 new wells follows the recent development of the McMoran well which has been placed in pay status with more than 40 MM cubic feet of gas per day and $6 M of cash flow per month. Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy Inc., states: "We are pleased that the drilling program of our Centurion Property has continued to expand. With high activity levels and 15 operators currently drilling on the property, we are beginning to realize cash flows. In addition to the cash flows from our Hobart Prospect and a recent round of financing, our financial condition has continued to strengthen as we continue to expand our operations." In addition to the new wells, there has been an increase of density spacing. This will result in additional wells being added to the property, thus a further increase in drilling activity and production. As stated by Lewis Dillman: "We will continue to seek out high impact opportunities in conjunction with major operators and thus source consistent revenue streams or significant developmental upside as we aim to maximize shareholder value." Further Information Shareholders and prospective investors are encouraged to visit Sun Cal Energy's website: and download Sun Cal Energy's Investor Summary. Please feel free to call investor relations toll-free at 1-800-798-8334 to receive a full corporate investor's package. About Sun Cal Energy Inc. Sun Cal Energy Inc. is a publicly traded independent oil and gas exploration company with headquarters in Calgary, Alberta, and an operational office in San Francisco, California. Sun Cal Energy aims to secure and develop a portfolio of oil and gas properties throughout America. The company is strategically placed in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River Basin of Wyoming. Sun Cal Energy Inc. trades under the ticker symbol: SCEY - "Sun Cal Energy Inc. - Providing Energy Solutions to America". On behalf of the Board Lewis Dillman, President and CEO Forward-Looking Statements Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that Sun Cal Energy Inc. can identify and successfully negotiate leases for oil and gas properties in California, Louisiana, Oklahoma and Wyoming, and that the Company can participate in the exploration of those properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission. SOURCE: Sun Cal Energy, Inc.
Sun Cal Energy Inc.Lewis DillmanInvestor RelationsToll Free: 1-800-798-8334E-Mail to:ir@suncaloil.comCopyright Business Wire 2007 ********************************************************************** As of Monday, 10-15-2007 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated an UPTREND on 09-18-2007 for APC @ $52.22. As of Monday, 10-15-2007 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated an UPTREND on 06-23-2006 for KMG @ $68.61. For more information on SmarTrend, contact your market data provider or go to SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright © 2004-2007 Comtex News Network, Inc. All rights reserved.
10K v. news
I love the news on millions in cashflow. So who is the rocket scientist who signed off the on the June 30, 07 10k saying no revenue? And, no revenue in the foreseeable future?
The stock tanked because of the 10K...
Directly from the 10-KSB plan of operations
During the next 12 month period, we anticipate that we will not generate any revenue
I don't get it, but it's OK with me.
A
Already tried that one, but
i got it to work finally...
Tools/interntet options/advanced tab/Browsing/then unchecked box "reuse windows for launching..."
I'm so proud...
Last 100 Transactions
Quick Search: Open Market Purchases » C-Level Purchases » More Options »
SEC Filing Insider Track Record Trade Date Transaction Total % Holdings Return
Today 7:36 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- Today Market Purchase
(700,000,000 @ $0.00) $210,000.01 58% --
21-Sep-07 5:03 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 21-Sep-07 Market Purchase
(503,000,000 @ $0.00) $50,300.00 72% --
21-Sep-07 5:01 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 20-Sep-07 Purchase
(500,000,000 @ $0.00) $50,000.00 254% --
19-Sep-07 8:55 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 19-Sep-07 Market Purchase
(60,000,000 @ $0.00) $6,000.00 44% --
18-Sep-07 5:16 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 18-Sep-07 Market Purchase
(100,000,000 @ $0.00) $10,000.00 270% --
06-Sep-07 1:30 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 05-Sep-07 Purchase
(37,000,000 @ $0.00) $3,700.00 100%
Real Estate » REIT - Diversified
Cal-Bay International Inc (CBAY.PK) Email this page »
Last 100 Transactions
Quick Search: Open Market Purchases » C-Level Purchases » More Options »
SEC Filing Insider Track Record Trade Date Transaction Total % Holdings Return
Today 7:36 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- Today Market Purchase
(700,000,000 @ $0.00) $210,000.01 58% --
21-Sep-07 5:03 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 21-Sep-07 Market Purchase
(503,000,000 @ $0.00) $50,300.00 72% --
21-Sep-07 5:01 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 20-Sep-07 Purchase
(500,000,000 @ $0.00) $50,000.00 254% --
19-Sep-07 8:55 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 19-Sep-07 Market Purchase
(60,000,000 @ $0.00) $6,000.00 44% --
18-Sep-07 5:16 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 18-Sep-07 Market Purchase
(100,000,000 @ $0.00) $10,000.00 270% --
06-Sep-07 1:30 PM
View: Cal-Bay International Inc
President & CEO
Director
10% Owner -- 05-Sep-07 Purchase
(37,000,000 @ $0.00) $3,700.00 100% --
CEO has bought 1.2 billion shares /e
Form 4 #2 for 9/21/07
FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
CAL-BAY INTERNATIONAL INC 2. Issuer Name and Ticker or Trading Symbol
CAL-BAY INTERNATIONAL INC [ CBAY ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director __ X __ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
PRESIDENT & CEO
(Last) (First) (Middle)
PO BOX 502548 3. Date of Earliest Transaction (MM/DD/YYYY)
9/6/2007
(Street)
SAN DIEGO, CA 92150-2458
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Cal-Bay International, INC - Common Stock 9/21/2007 9/21/2007 P 503000000 A $0.0001 1200000000 D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CAL-BAY INTERNATIONAL INC
PO BOX 502548
SAN DIEGO, CA 92150-2458 X X PRESIDENT & CEO
Signatures
SYED HASAN RIZVI 9/21/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Form 4 #1 for 9/21/07
FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
CAL-BAY INTERNATIONAL INC 2. Issuer Name and Ticker or Trading Symbol
CAL-BAY INTERNATIONAL INC [ CBAY ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director __ X __ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
PRESIDENT & CEO
(Last) (First) (Middle)
PO BOX 502548 3. Date of Earliest Transaction (MM/DD/YYYY)
9/6/2007
(Street)
SAN DIEGO, CA 92150-2458
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Cal-Bay International, INC. - Common Stock 9/20/2007 9/20/2007 P 500000000 A $0.0001 697000000 D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CAL-BAY INTERNATIONAL INC
PO BOX 502548
SAN DIEGO, CA 92150-2458 X X PRESIDENT & CEO
Signatures
SYED HASAN RIZVI 9/20/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Form 4 of 9/19/2007
FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
CAL-BAY INTERNATIONAL INC 2. Issuer Name and Ticker or Trading Symbol
CAL-BAY INTERNATIONAL INC [ CBAY ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director __ X __ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
PO BOX 502548 3. Date of Earliest Transaction (MM/DD/YYYY)
9/6/2007
(Street)
SAN DIEGO, CA 92150-2458
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Cal-Bay International, Inc. - Common Stock 9/19/2007 9/19/2007 P 60000000 A $0.0001 197000000 D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CAL-BAY INTERNATIONAL INC
PO BOX 502548
SAN DIEGO, CA 92150-2458 X X President & CEO
Signatures
SYED HASAN RIZVI 9/19/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
A bid price now?
TDAmeritrade shows a bid side of $0.0001. This is offset by the same price on the ask...Go figure
SCEY worth a watch